The Clinton chronicle. (Clinton, S.C.) 1901-current, August 21, 1952, Image 7
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'Thursday, August 21, 1952
THE CLINTON CHRONICLE
Page Seven
A Regular Chronicle Feature
TEXTILE BUSINESS INCREASE
FORECAST BY ROGER BABSON
Statistician Believes
Eisenhower and Steven
son Good Men.
By ROGER BABSON
Babson Park, Mass., August 15.—
A lot of people have recently asked
me wether we are headed for a
-boom or a bust next year. -1 am go
ing to try to give the answer with
a few economic facts of life.
Present Situation \
Business today is not so bad as
some would have us believe. Even
so, it may be later in the economic
cycle than you think. Some phases
of business, such
a s textiles, shoes,
consumer soft
goods, will im
prove during the
next few months.
Consum e r dura-
To Lead Revival Services
had kept up with the supply of
money, we would have had no in
flation. 1 But because of shorter
hours and unnecessary strikes, pro
duction fell off; then the value of;
the dollar fell likewise. People
wanted to buy goods with their i
high wages; goods were scarce.!
Prices shot up; we had creeping;
inflation and an artificial boom.
There is a point in this cycle,
where people, banks, insurance;
companies, and other financial^
houses begin to • get worried abourp
earnings. Experience tells us that
boom times can’t last forever. We
may be approaching this point now.
Already, many plants across the
country have cut back to a forty
hour week. Some workers are be
ing laid off. But no definite fore
casting regarding 1953 should be
made at present. It looks now as
if we must await 1952 net earnings,
—that is, how much corporations
hl es such as auto-i ana ,armllM have lcfl a,ter P 3 ' Vlng
j , their bills, wages and taxes,
mobiles and wash-, R g Need(Kl
ers, will remain 1 During , his kind o[ a period>
people begin to worry. They again
want more money than they want
off from last year.
There will prob-
Boger w. BabMi ^ b e a moder- , .. . . , • h
. . ., , . goods. Mortgage rates and busi-
ate improvement in the volume of, g j rates become higher,
business by the third quarter The | restrictions begin
Babsonchart Index now stands at, • H . n
ior 4Ka iq-jo 1047 set in. This puts a damper on
good business. People no longer
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Savings Accounts
3%—DIVIDEND—3%
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We invite savings accounts from the people of Gintoo
and vicinity. You will like our friendly and efficient ser
vice', and you will receive your dividend promptly each
January 1st and July 1st. Any amount — from $1 up —
opens an account.
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Each account is insured up to $10,000 by the Federal
Savings and Loan Insurance Corporation. Two people may
have up to $30,000 fully insured. >
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Accounts by mail promptly acknowledged.
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Chartered and Supervised by the
United States Government
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Laurens Federal Savings
& Loan Association
125 per cent of the 1939 and 1947
average. This is close to the low
point for the past two and a halt
-have iio much money or credit with
Sales drop;
The Rev. and Mrs. J. R. Jordan, of Anderson, will besrin a revival
meeting at the Church of God of Prophecy, at the end of Sloan street, on
'August 27. Services will be held daily at 7:45 p.m.. with special music at
each service. The pastor, Rev. „R. J. Finley, cordially invites the public
for the series of services.
Telephone 22271
LAURENS’ LARGEST SAVINGS INSTITUTION
i;i 104 West Main Street Laurens, S. C.
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which to buy goods.
in chapel Thursday and made a fine
impression on the gathering. There
Miaro m nr mr>rp farm women taking
years. However, Uie current level ^ lion ls , cu , back; and unem-l^rb Mrs. C C. Craddock and Mrs.
of business is still higher than mij;. . . . Herman Power, Narme commu-
much of the 1940’s. ! iTm es^rallv troubled by the 1 ™^ and Mrs - Gu - V Mahon and Mrs '
What happens to business next; J k of re ^ io “ y ^Kiay.i Fred Wood Green pond community,
year depends largely on earnings: T j k al * a preccdes a finon . represented Laurens county in the
rather than upon politics. I be- ia , crash The desire to get some- chorus -
iieve that both General Eisenhower
and Governor Stevenson are good
men. I now see no reason for fear
ing any drastic change immediately
after November 4th. No President
will intentionally encourage defla
tion. The military program should
continue to hold up gross business.
We, however, could have a period
of “profitless prosperity.”
Will Props Drop?
By 1953 we shall have about
completed our tooling up and our
plant expansion to handle Govern
ment contracts. We are already
beginning to see defense plans cur
tailed. Further cuts are anticipat-
-and the-~gnd~of
thing for nothing—so prevalent to
day—is a bad sign, whether by in
vestors, employers or wageworkers.
When attendance at church de
clines and attendance at the races
increases, look out for trouble.
Hence, proceed with caution, clean
up your debts, build up your li
quid savings and work harder at
your job.
Notes From The
County Agent's Office
By Cv B. CANNON, County Agent
In the junior Jersey cattle show,
Eugene Marler and Wofford Woods,
4-H club boys of the Greenpond club,
and Jerry Wilson, of the Hickory
Tavern club, showed their calves.
Wofford took first place in the junior
calf classification, which is quite an
honor. He will get a free trip to
Richmond, Va., in September and
will show his heifer in the regional
show. Both Wofford's and Eugene’s
calves were artificial bred.
The entire Farm and Home Week
was filled with educational programs
and recreational events. Also the
largest display of farm machinery as
well 1 as home appliances was on ex-
the year when Government spend
ing will reach a high of $66 billion.
By late 1963, assuming present
plans and conditions, it will taper
off to $58 billion. Government cur
tailment of spending may slow
down fast by late 1953 and early
1954. But this depends uppn Uncle
Joe and not Uncle Sam.
Boom or bust for 1953-54 first be
comes the problem of inflation ver
sus deflation. During a boom, such
as we have all recently witness
ed, the buying public wants goods
more than money. During a reces
sion or depression, the opposite is
true. Booms cause depression; de
pression brings about further de
flation. What, then, * causes the
boom? The most important cause
of the booms of the past has been
inflation.
Simple Economics Explained
If the supply of goods available
- ‘ wmrT.-N&TgF '5gT?n-e 'have the people
Farm and Home Week held at ■ atte nded class room meetings as they
Clemson college last week was rated did this year. Those who did not at-
the most successful held so far. Lau-j tend Farm and Home week missed a
rens county was well represented by! great event, and should begin now
both farm adults and young people,
especially 4-H club members.
On Tuesday evening the 4-H club
talent show was held at the outdoor
theater with D. W. Watkins, exten
sion director, presiding. It is thought
that this was the largest attended
assembly gathering of the entire
week.
making plans for next year. On Wed
nesday over 2500 people were fed in
gestible.” Thus, Dr. Sprowls said,
if people hear there may be such
things as flying saucers the tenden-
N£1F BEAUTi'...SEU' COMFORT for your kitchen...and *
cy is to accept the idea.”
There have been widespread hal
lucinations of various sorts after
nearly every great war or disaster,
Dr. Sprowls said, explaining that
they represent an effort to find a
solution for troubles.
This was his clincher:
“I am sorry to say this, but I ac
tually believe not more than one in
a thousand of the general popula
tion of America or any otherAroun-
try is capable of independent'
thought.”
A V2>
NO MORE GREASY
KITCHEN WALLS
Ho More Cooking Odors!
State Pecan Crop
Will Show Drop
Columbia. — A
pecan crop of 3.380.000
is indicated from August 1 reports
the. Federal-State Crop reportihg
South Carolina
pounds I
oo
«ir ... 6 lbs. • ymr »««k»
walls, cartaias aad faraltaral
Work in a cooler, freaher kitchen —
enjoy a grease-free home. Cooking
grease goes where odors go—floats
in air, Feel your walls — that’s grease
scuml Vent-A-Hood changes the ais
over your range completely i3 times
a minute. "Veot-A*Hood condenses
and TRAPS up to 6 lbs. of grease
a year from the air in your kitchen.
service said today
This would be 22 per cent less!
than the record 4.330,000 pound;
drop last year'but the third larg
est crop since records were started
in 1919. It is estimated that about
430,000 pounds or 13 per cent
IMJOY k COOUR, rtlSNU
CUANIX K IT C HIM I
Vat'A-Hood mU$ Imrio* I
TOW kitcW It ■> NOT op
pfft for iatii J# MVKip oa i
i io wo. CtMnauoA
the college dining hall. Several hun-!this year's crop are seedling nuts
dred ate picnic lunches, at cafes, and and the remainder improved va-
jt the Clemson House. ; rietie^.
Agent To Judge Pastures j
Tha writer has been requested to SIBSCRIBE TO THE CHRONICLE
serve on the pasture judging commit- “The Paper Everybody Reads” !
tee in judging winter and summer ;
Carolina Suburban
Gas Company
Ruiane Gas — All Gas Appliances
Greenwood Highway, Laurens
G. B, Sheppard. Mar., Phone 508
Say "I Saw It In The Chronicle /# — Thank You!
^ C di?ector h andl PaStUreS ° n Se ' otember 15 > 16 and 17
Mrs. Edwin McGee as director ana in Ham?ton Beaufort, Jasper, Or- «
gave a good account of itself.
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„ , , .j In all the livestock discussions held jj
Carl Stoddard of Owings, placed'^ Farm ^ Home Week al t
third in the 4-H tractor operator’s
contest held Wednesday afternoon.
The South Carolina Council of
Farm Women's chorus took charge of
the singing at the general assembly
aai»ll»*ltmWMH*K««MM»MM»*KaWMW»H*MMM)HIIIMMR1IMIIII«ll'IIMW»1IIW<
Clemson last w'eek, pastures and pas-
ture management were stressed by
each speaker as number one in im- H
portance. Laurens county livestock
producers should apply at once 400 R
to 500 pounds of a 3-12-12 fertilizer ||
to their summer grazing or at least :Jt
100 pounds of nitrogen to help grass
recover the drought damage and to $
supply grazing until frost. !•:
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FOR THAT
HOLIDAY WEEK-END
GET PLENTY OF PEPSI NOW
ADD SPARKLE TO YOUR PARTY . . . SERVE
More Bounce To the Ounce
No Finer at Any Price!
In Big 12-ounce Bottle
PEPSI-COLA BOTTLING CO.
GREENVILLE, S. C.
Fall Garden Needed
The fall garden is often neglected j]:
and should play an important part in
the family diet. Vegetable seeds such
as beans, beets, carrots, and turnips M
should be planted at once, also col-
lard and cabbage plants should be
set. Application of liberal amounts of
fertilizer, and well decomposed com- ji
post, where available, should be ap- $
plied and mixed thoroughly with the
soil.
Insects should be controlled!
through recommended practices. Ex- :
tension bulletin 102, Garden and
Truck Crop Insects, may be had free j
from the County Agent’s office and;
gii'es information on controlling va- tij
rious garden insects. 1 ^
You Want YOUR Customers
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To Keep Coming to YOUR Store
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You Better Keep YOUR Store
Professor Soys
Discs Don't Fly
Coming to YOUR Customers
Washington, Aug. 3.—The flying
saucers “just ain’t there,” says Dr.
Jesse Sprowls, professor of abnor
mal phychology at the University g
of Maryland.
With a word of apology for his
emphasis—aimed lapse in grammar
—the professor attributed the na-,
tion-wide deluge of reports on!
strange things in the upper atmos
phere “primarily to hallucination.”
Then he reverted into homely lan
guage again:
Anybody looking for a real fly-,
ing saucer has about as much i
chance as “a blind man in the dark
room looking for a black cat.”
He had a solution to offer—“just
sort of forget about it.”
The professor was Interviewed. 1
over WGAY, radio station in sub- g
urban Silver Spring, Md., w’here helS
had expressed much - the same
views when flying whatzits first
came in for general public interest
some four years ago.
The psychologist said there are!
several factors that would contrib
ute to a person’s honest belief that
he had seen an out-of-this-world
flying contraption.
First off, he said, the human
animal is gregarious — “that’s the
reason we chatter so much.”
And “the mind of man is sug-
★ ★ ★
<r Jhnxuufit
Th
e
Ch
ron
MR. MERCHANT
What your customers read and see makes the
most lasting impression.
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