Historical Newspapers of South Carolina

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- J rV -A- The Chronicle Btrives To Be A Clean Newa- paper, Complete, Newsy and Reliable {2%? (ttlintmi Clyrmtirb If You Don’t Read The Chronicle You Don't Get the News Volume LI 11 Clinton, S. C. f Thursday, December 11, 1952 Number 50 Be Wise—Don’t Delay Your Christmas Shopping! Make Clinton Your Shopping Center A Regular Chronicle Feature BUSINESS WILL LIKELY TIGHTEN UP SPENDING BELT, SAYS BABSON By ROGER BABSON Babson Park, Mass., Dec. 10—Dur ing my last trip through the Central West, I have systematically inquired about the employment situation. Most„-emplQyers.ad.T. t - ra dieal—action--to-offset mit that good workers are now scarce and this situation will con tinue as long as the government’s mili tary expenditures hold up. Further more, many em ployers 'feel that the military anma- Rofer W. Babies m ent industry will remain, to a limited extent, a new in dustry for many years to come, and certainly will not be stopped all at once. Haste Makes Waste These pepole, however, further tell me that the armament program is now being carried on in a very wasteful manner due to the haste. When this rush is over expenses can be materially cut. Therefore, barring World War HI, many workers now directly, or indirectly, engaged in armament production will be dis charged. The above explains why many la bor unions have been able to get raises. In the end, employment is subject to the old law of supply and denaand. Unions can temporarily up wages, but ultimately wages come down or else unemployment occurs. High taxes and labor saving ma chinery may cause unemployment. Thus far, employers have taken ho ments taking from 52 per cent to 80 per cent of their profits. Their atti tude has been to wait until Dec. 31, and then review the entire situation, after which many corporations will radically cut expenses. ' The tight employment situation, with high wages, has forced manu facturers to order new labor-saving devices. Most of these will not be delivered until 1953; but when they are delivered many present em ployes will not be needed. Also, dur ing the recent lush years, much mon- ey has been wasted in connection with secretaries, travel, hotel bills, telephone calls, relatives, etc. Cut ting down these expenditures will cause further unemployment. Severe Competition Ahead During the past few years, the production capacity of most con cerns has been considerably increas ed. Companies making washing ma chines, vacuum cleaners and other household appliances have added-to their manufacturing space and pro duction output. In addition, many concerns which have not before made such products have—in order to replace outmoded products—be gun their manufacture. Hence, the will be very severe; especially as most families have already purchas ed such things. Next year, our manufacturers will also be obliged to meet foreign com petition. Washington authorities state that—to prevent the spread of communism—our government must supply machinery to foreign manu facturers to make goods to send to the U. S., which is their only possible customer. Naturally, U. S. manufac turers dont like this and will ask for much higher import duties on these foreign products. Washington will fight against the higher import duties, believing such would result in World War III. As a counter move, our manufacturers will strive to reduce their production costs. This may result in reduced employment or reduced wages. Surely these rapidly increasing for eign imports, plus domestic compe tition, will result in keen price cut- ing, forcing lower labor costs and consolidations. Warning To Readers The National Retail Dry Goods Association has already asked its president, George Hanson, to appoint a comrhittee showing department stores, and also manufacturers, how they can cut expenses. These big merchants realize that the nation’s build up for defense will be reached late in 1953, resulting in a possible falling off of retail trade. They want to plan now how expenses can be reduced safely to meet this coming change. This means that the readers of this column who now have jobs should work harder to hold his or her job. The old idea of “the last in should be the first out” may not be followed. The efficiency, loyalty and industry of each individual will be carefully considered. Now is the time for each reader to so qualify to hold his posi- New Dodge Trucks Now Being Shown By Cooper Motor Co. Cooper Motor Co., local Dodge dealer, is now showing the new B- 4 series of Dodge “Job-Baled" trucks, which were introduced last Thursday. 'Hie new models have increased power, three entirely new engines, improved brakes, and a self-shifting transmission for some light models. These are just a few of 50 new features and im provements. The new trucks meet approxi mately 98 per cent of all hauling needs with seven engines ranging from 100 gross horsepower in the 1-2 ton models to 171 gross horse tion when the price-cutting program starts. —r - - power in the 4-ton models, gross vehicle weights ranging from 4,- 250 to 40,000 pounds, and gross combination weights ranging up to 6,000 pounds. The new Truck-o-matic trans mission with gyrol fluid drive available far 1-2 and 3-4 ton mod els bring this new driving ease to the truck field for the first time. Dodge is the first truck manufac turer to offer such a transmission with four speeds forward, plus one reverse speed, and which requires no gear shifting in normal driv ing. 7b Rfiiax Mist rtf of UWM M TMtm-SMM NOT I take advantage of this law and push ' competition from this cause alone A ume ttARNlK IS A DANGEROUS THING! Your Health Is your most valuable possession and many people will freely offer you advice as to how to pro tect it. But remember that a little learning is a dan gerous thing. Your physician and your pharmacist have devoted their lives to the protection of your health. You can safely rely only on the advice of your physicien when your health is at stake, and you can always rely on us for unexcelled prescription service. ASA YOOA PHYSICIAN To Pkooo U$ Your ProtaipKooJ YOUNG’S PHARMACY Phune 19 WE DELIVER r— V\\ M ifpigis DIAMOND R.KG $100.00