The Clinton chronicle. (Clinton, S.C.) 1901-current, June 30, 1949, Image 12
Page Four
THE CLINTON CHRONICLE
THURSDAY, JUNE 30, 1949
FINAL SETTLEMENT
Take notice that on the 7th day of
July, 1949, I will render a final ac
count of my acts and doings as Ad-I
ministrator with Will Annexed of the
B'abson's Letter
By ROGER BABSON
Vehicle License
Fees In County
Reach $58,467
c<t ate fo Mo^es Dillard in the office !S ? r CW ^ ork Clty ” J ^ n . e 24 1 ^ Special to The Chronicle.
tMaic IO moses jjrmaru making no recommendations in thiS| . T ,
of the Judge of Probate of, Laurens column this week but mv thoughts Columbia June 29-Motor vehicle
County, at 10 o clock A M., and on are somo , hing which readers can ; icense fees totalling $4,212 were col-
the same day will apply for a final seriously cons j de r As there is no lected in Laurens county during the
discharge from my trust as Admims- precede ; u for 'these'thoughts each month of May. according to a re-
trator with W ill Annexed. _ investor should decide the question P° rt u of South ' Carolina State
Any person indebted to said esta.e fQr himself j cannot take the re _ Highway Department. The May to-
is notified and cequired to make pay
ment on or before that date; and all
persons having claims against said
estate will present them on’or before
said date, duly proven, or be forever
barred:
C. D. CHILDS.
Adm. with Will Annexed,
Clinton, S. C. t. -
June 6, 1949. y ' 30-4cw
Dr Felder Smith
Optometrist
Laurens, S. C.
126 EAST MAIN STREET
South Side Public Square
HOURS FOR EYE
EXAMINATIONS:
9:00 to 5:30
Wednesdays 9:00 to 12:30
Phone 794 for Appointment
DO YOU HAVE
PROPER
FIRE PROTECTION?
Is your coverage adequate?
Should you safTer a disastrous
fire would your insurance cover
your loss?
Think this over. See os for
all kinds of Insurance, Surety
Bonds and Real Estate.
We Invite your business.
We Write Hail Insurance
On Cotton
Clinton Realty
& Insurance Co.
B. Hubert Boyd
Phone 6
THE FINEST LINE
FOR 1949
MERSON
LECTR1C
FANS
From Smallest To Larcfest
In stock for Your Summer
« «, Comfort
HOME
SUPPLY, CO.
i
Pitts St. — Phone 423
BE THEY EVER. SO
HUMBLE... THERE'S
NOBODY STAYS HOME
‘JCvW,
yo r
Even the most humble of
homes is a place of content
ment when ail the family is in
good health. We carry a full
line of nationally known medi
cal products — and filling pre
scriptions is a profession with
us.
M'GEE’S
DRUG STORE
Ph*ne No. 1
sponsibility on such an important the amount collected in
decision the count .v from license fees since
It has been a truism of the stock September 13, 1948 to $58.46,, as a
market from time immemorial that to * a °t $54,255 had been previously
“stocks all go up and down togeth- re i X)1 ted, according to the report,
or. the good ones and the bad ones”. state as a whole, license
This means that operating "selee- ^ ™} lecl ? d v. laSt ™ 0 " th
tive markets” has not been a verv 1 “"tnch, with the $3,070,325
safe procedure during the past. ' previously reported, brought the to-j
One is justified in buying for in-. sinc ® e of ast Septem-^
come only, without' paying any at- ber t0 S 3 - 438 - 612 - ,
tention to price changes; but if
prices are to be considered, then
you can usually make a profit by
buying anything blindly in a bull
market or be fairly sure of a loss
by buying anything—including the
gilt edge stocks—in a bear market, j
When studying past history we
should recognize that the market
prior to 1933 was under no United
States control. Leading up to 1929.
for instance, most of the stocks in
brokers hands were held on a mar
gin of from ten to 20 per cent. Then
almost every elevator operator and
stenographer of the Wall street dis
trict had stocks on a 15 per cent or
less margin. Hence, .when the crash
came, it was natural for all stocks
to fall because people had to sell
their good stocks when trying to
protect their poor stocks.
Conditions Different
During recent years margins of
75 per cent have been required. Now
margins of only 50 per cent are re
quired. but I am told that stocks to
day are either owned outright or
held on a margin of about 70 per
cent. There has been very little buy
ing since the margin requirement
was reduced, as transactions have
been largely for cash. Certainly, no
elevator operators or stenographers
now hold stocks on margin. This
means that conditions are very dif
ferent today. The $64 question is
. whether these changed conditions
change the old rule: "Stocks all go
' up and down together”.
If these changed conditions should
change this old rule it is possible
that certain stocks have already
reached their low point in this bear
market This would mean that in-
J
MOBILOIL
• Gas and Oil
Complete Line Groceries
CHARLIE
NABORS
West Main Street
Phone 511-W
— t
_ i
ARE THE BOLL
WEEVILS WORKING
ON YOU?
Work on them with the
John Deere 8-row Duster.
Non-clogging, simple to
mount and easv to take
off.
J. R. Crawford
Soath Broad St. at Armory
Phone It
4th
THROUGH 9th
CLOSING
IN ORDER TO GIVE OUR EMPLOYEES A
MUCH-NEEDED VACATION, WE, THE UN
DERSIGNED, WILL BE CLOSED FROM
July 4th Through 9th
WE WILL APPRECIATE YOUR COOPER
ATION BY LETTING US SUPPLY YOUR
HOUDAY CLEANING NEEDS AS EARLY
AS POSSIBLE.
WE WILL RE-OPEN MONDAY MORNING
JULY 11 •'
a
Royal Cleaners
Sunshine Cleaners
toad
of
watch
in-!
just t
he
D jw-
r one?
In
du.'tr.a
I a-
.ora.ee.
whiz
h has
'one
do-
.vn from
a high
of f
!12 in
946
to
a presi
ent
figure
'of a
round
65 a
nd
which
could i
eery
mu-h
rver
• *
might
be
well to
.\ at
zh in-
iividi
jal
stocks.
In
stead of
all
stocks
li’.fin
J ♦ i
ae bott
>m
at abou
t the
same
;me.
as
they did
m prev
ious
bear
V- UJMSR&T0 GO
O/' D£PE NO A BL E A A/O FG / ENDLY SERV/CE
markets, different stocks may be hit- U
ting their bottoms at different times I §
extending over a period of a year
oi more * ij
Market Comparisons
Cutting off the extreme peaks!
of 1929 and the extreme lows of,
1932 which lasted only a few weeks'
and covered only comparatively a
few transactions, stocks as a whole
in the 1929-32 bear market went
down about 80 per cent. This means
that, assuming an average of ten
| stocks early in 1929 was $100, this I
: same list of stocks sold for $20 in
1932. Yet. the Dow-Jones Industrial;^
average of ‘ Thirty Gilt-edged Stocks $
has suffered very little since 1946 g
compared with what happened to
it in 1929-1932. *
On the other hand, certain storks
which snould be a fairly good busi-
nessman's risk have recently dropped ft
over 80 per cent. * |S
Any broker can make up a list of a
ten such stocks which sold a; the !>•
equivalent average of 100 per cent g
in 1946 that can now be ourzhasei j-S
for less than 25 per cent.
RUBY'S
BEAUTY SHOP
‘Pofessional Care . . .
Is Best for Your Hair”
S. Broad St.
Phone 453
We Invite Yoar Business
K. L. Plaxieo'
D. E. TRIBBLE CO.
MULDERS SirPUES
Phone 94
W Roy Pitts
PITTS COAL CO.
“Best Quality Coal”
Phone 75
PITTS SER. STATION
"Serrlc. With a Smile"
A*
William M. Shields
SHIELDS'
MODERN STUDIO
COMMERCIAL AND
PORTRAIT PHOTOGRAPHY
Jacobs Bldf. Phone S5-W
SIX-INCH SERMON
By Rev. Robert II. Harper
♦ #
♦ ♦
8
THE SONGBOOK OF THE BIBLE.
Lesson for July 3: Psalms 67:1. ft
Memory Selection: Psalms 100:2. ♦;»
The Psalms claim our attention ;>
in the third quarter. The book of S
Psalms is me of the most familiar
of the Bible, providing the language
of devotion for Christians and Jews.
Seventy-three Psalms were written
by David. The Psalms .ire the work
of centuries.
The “Songbook of the Bible,” the
Psalms were used as constantly as
the hymnals of the churches. They
are written in the Hebrew form of
poetry, called Parallelism, which
lacks rhyme and depends for poetic .
effect upon the balancing of the ^
lines. Jesus himself sometimes ex- ^
pressed Himself in this form, as in
the lines: “Ask. and it shall be given
you; seek, and ye shall find; knack, \\
and it shall be opened unto yau.”
(Matthew 7:7).
In the First Psalm we find the
picture of a gentleman whose title
to distinction is in his goodness. His j>:
well being is set in contrast with the
state of the ungodly who are like!
“the chaff which the wind driveth 1
away.” The 67th Psalm, in its first
verse, shows that praise is due unto
God. His blessings are to be sought
that His way may be known among
( the nations. And the peoples are
1 exhorted/ to praise Him for needful
! good things.
On the eve of the Fourth of July
| let us think on the fact that the
'supreme need of the present is'a re-
j turn of the peoples of the nations to
the Lord. This will far surpass all
the means by which rulers and 1
leaders are now depending to pro
vide national security and bring
world peace.
o
J
rr
/xCs /u -
Robert E. Wysor, HI
V
“Service Beyond the Contract"
GENERAL INSURANCE
REAL ESTATE
R. E. WYSOR, III
Jacobs Bldg. Phone 85-J
RODDY'S
RESTAURANT
“Serving Fine Food for Fine
Folks”
D. E. Tribble Company ’
For building, remodeling, flooring, and all general pur
poses, build with good quality lumber such as is sold by D. E.
Tribble Company, advises R. L. Plaxico, secretary-treasurer.
D. E. Tribble Company has been in operation since 1894.
It is located at 115 Gary Street. For greater convenience of
its eustmers throughout the years, this firm long ago started
selling not only lumber, but a complete line of builders sup
plies. including sashes, doors, limd, cement, piaster, wailboard.
builders hardware, Pittsburgh paints. Bird and Johns-Manviile
roofing—in tact, whatever your building needs, you will find
them at D. E. Tribble Company.
For high grade supplies that fit well within your building
budget. Mr. Plaxico invites you to consult with his estimators
or him about your plans.
r ‘
Mr. and Mrs. J. R. Cox (
COX HOME 6 AUTO
SUPPLY CO.
“Customer Satisfaction
Guaranteed”
201 N. Broad Phone 12
H. G. Chandler
CHANDLER'S
GARAGE
General Auto Repairing
Phone 71
Thomas E. Baldwin
BALDWIN
APPLIANCE CO.
FRIGID AIRE
SALES AND SERVICE
Domestic and Commercial
Appliances
C. W. Cooper
C. W. COOPER
GARAGE
KAI8ER-FKAZIEK
Sales and Service
All Makes of Cars Repaired
and Serviced
L. E. Bishop W. M. Walker
BISHOP-WALKER
REXALL STORE
“If It’s Rexall, It’s Right”
J. Elliott Law
CLINTON
BODY REBUILDERS
“Doing What We Know—
Know What We're Doing”
106 Hampton Ave.
Phone 539