Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

I The Chrotiide ! StriYM To Be A Clean News* paper, Complete, Neway and Reliable t 0hf (ElitUmi dljrmtirlp If Yoo Don’t Read • The Chronicle You Don’t Get the News Volume LV Clinton, S. C, Thursday, October 7, 1954 Number 40 Henderson's Grand Champion Caldwell Henderson of the Joanna community. Purebred Jer sey breeder, showing Nicottn Jester Ginger, to John F. Wise. As sistant County Agent, to the right. This cow was grand cham pion at the Laurens County Fair last year. Mr. Henderson is showing 10 head from his herd at the fair this Purebred Jersey heifers of Mr. Henderson to be used as re- placements in his herd. Johnnie Lae Wesleyn. colored helper, proudly herds the cattle. S. C. Per Capita Income Shows , Phenomenal Rise Since 1929 The per capita income in South Carolina has shown a phenome nal increase between 1929 and 1952fl according to a study by Dr. Robert W. Patterson of the Uni versity of South Carolina eco nomics department Writing on “Income in South Carolina and the Southeast" in the October issue of the Uni versity of South Carolina Busi ness and Economic Review, Dr. Patterson analyzes recent chang es in per capita income, income sources and income types for the with figures for the preceding 23 years. Per capita income for South Carolina increased from $252 in | 1929 to $1,069 in 1952, a gain of 332 per cent compared with a gain of 226 per cent for the Southeast and 142 per cent for the nation. This gain indicates progress made in overcoming past handicaps, but it under states the rate of growth in other areas where per capita incomes were already relatively high. In 1953 the national per capita year 1953 and compared them I income was $1,644, an increase ot 4 per cent above the previous year. It was highest in Dela ware with $2,304 and lowest In Mississippi with $834. The South Carolina figure was $1,095. In 1929 South Carolina’s ma jor sources of income were agri culture, 23 pe rcent; government payments, 10 per cent; manufac turing payrolls, 20 per cent! trade and service in come, 25 per cent, and other income, 21 per cent. By 1952 agricultural in come had declined to 11 per cent of the state’s total, reflecting a' nationwide trend. Government income payments rose to 20 per cent and manufacturing payrolls to 24 per cent In 1953 agricultural income in the United States was 12 per cent below the 1952 level. In South Carolina the decline was 3 percent, showing the continued heavier dependence upon this in come source. The growth in income in South Carolina and the Southeast stems principally from government payments in the form of wages, interest, relief, pensions, and benefits and manufacturing pay rolls, Dr. Patterson reports. Gov ernment payments in the United States were 5 per cent higher for the past one year period but they increased only 1 per cent in South Carolina. Manufacturing payrolls were up about 11 per cent in the na tion in 1953. They rose 10 per cent in the Southeast and 8 per cent in South Carolina. Dr. Patterson reports that tne so-called “inventory adjustment” and “business readjustment” which many business analysts predicted for 1953 has not come about, but personal income held up very well. He states that the price level for farm products in 1953 was 10 per cent below the level for 1952; that textile prod ucts and apparel prices fell about 1.5 per cent; that the in dex of industrial production de clined 9 per cent; and that non- agri cultural employment d e- clined 3 per cent in 1953. In ad dition business inventories which were increasing at an annual rate of $4 billion in 1952 were increasing at an annual rate of only $2 billion in 1953. During the last three months of 1953 in ventory stocks declined at an an nual rate of about $4 billion. Dr.. Patterson writes that “many economists viewed the decline in farm prices with con siderable tear; the fear beixtf based upon the belief that a sig nificant decline in one sector ot the economy would quickly per meate industry, trade and ser vice and other sectors of the country. Thus far the general economy of the United States has not been seriously threatened by the decline in'farm prices or Sk$br k aof • spin barf* Htf wsstn Wat 99 Hn tWassy •r4 m tW csfliai ftrclag ysa ft I hr* is sss sr tvs rssais. Sbgisr b aof a csotral WaMa| plaat vbti oxpsasivt iastrfatioml Sl*|l*r b ■ rmbtfMary ■tthod *f [MUM ROM NfilllNG •vv vitNOUT cosTir oarr couictino nra and uotsrats Mi UMMt-tol k§ fty 171/ HHa§t! Thm k BTU INPUT . . . (Sen k XTU OUTPUT, Ut wkM Wxp< yoar b itu usmrr vnri k«r war hmmi U BTU USEHJT, S«ht OUTHEATS ’EM AIXI A 9M» *TU Shshr abw mm USABLE HUT *a> i I* Wf ■Mr «f < Hsglar oasts you so Httio to .0 poyi far ib **lfaoahairfaaafcwil4lfcafcat»*ovd giey£en. Editors Will Get Full View Of South Region Asheville, N. C., Oct. 2—The nation's newspaper editors, com ing here next week for an annual conference, will get a full view of that geographical region known as ‘The South." Things Southern have the big gest spot 6n the program which opens Wednesday and continues through Saturday night. There will be discussions on "The Mod ern South, "The South in World Affairs,” “The Two-Party South, Fact or Fable,” and ‘The South and the Race Problem, If Any.” The background for the talks, bringing a host of national lead ers here, will be the annual con vention of the National Confer ence of Editorial Writers. The conference will open with the editors turning a critical eye on themselves and the editorial pages they write. A panel of three educators, consisting of Dean Norval Neil Luxon of the University of North Carolina, Curtis D. MacDougall of North western University, and James L. Godfrey of the University of North Carolina, will appear that evening to conduct an editorial J critique. Thursday, the editors will take part in a round table discussion of their problems. Among the speakers scheduled to appear are Willie Snow Ethridge of Louis ville, Ky., and Publishers Philip Graham of the Washington Post smd John S. Knight of the Knight Newspapers. Attention will focus on the South Friday. Chancellor John A. Williams of the University of Mississippi will open the dis cussions with a talk on “Meet the South " He will be followed by Rr. Rupert Vance of the Univer sity of North Carolina, and Dr. Arthur Burns, economic advisor to President Eisenhower. At noon Govs. Herman Tal ma dge of Georgia, Robert Mey- ner of New Jersey, and William B. Umstead of North Carolina, are scheduled to discuss “The Governors.” A visit to the nearby Enka and Ecusta Paper Corp plants are on Friday afternoon’s program and that night Edward L. Norton of Birmingham, Ala., will speak on “The Industrial New South.” Other panel members are Wil liam E. Barksdale, director of the Mississippi Industrial and Agricultural Development Board and Paul R Christopher, region al CIO director. Saturday’s discussions will op en with the theme, "The Two- Party South, Fact or Fable,” and will present Dr. Alexander Heard of the University of North Carolina, Sen, William E. Ful- bright (D-Ark), and John Minor Wisdom, Republican national committeeman from Louisiana. Joining the discussions on The South and the Race Prob lem, If Any,” will be Harry Ash more, Aecutive editor of the Arkansas Gazette; Dr. Benjamin Mays, president of Morehouse College, Atlanta; and George Mitchell, executive director of the Southern Region Council. Business Starts Month WHh Optimism On Rise By 8am Dawson New York.—Optimism is on the upbeat today as business starts the new month. Improvement in sales, orders and production is sifted by an array of executives in wide range of fields, from steel to tex tiles. Other businessmen are learn ing to live with that new thing— stability. Since the second world war, stability has been a strang er to the economic scene. Crisis has followed crisis in business as well as in world affairs and bus inessmen became used, if not reconciled to living in an at mosphere of uncertainty. To some, the comparative stability of the economy in recent months has been a strange and uneasy experience. But hopes for a good fourth quarter are high in many fields now. Edward C Sammons, presi dent of United States National Bank of Portland, Ore., notes that seldom has purchasing pow er stayed as steady as it has this year. He assures the National Consumers Finance Assn, meet ing in San Francisco that the outlook for the long pull is on® of economic optimism. E. J. Hanley, president of Al legheny Ludlum Steel, sees blue sky today after a summer of were off in the three months just dustry. His company’s earnings dreary weather in die steel in- ended. But he sees definite signs of a pickup in orders and thinks the steel mills will be busy enough in the next three months to recover much of the ground they lost earlier this year. and price firmness. The continuing building boom brings joy to many industries. L. M. Cassidy, chairman of Johns-Manville, says his com pany has turned the comer on sales and orders. Earnings slip ped with sales of the company’s industrial products durgig the first half of the year. But Cas sidy says a strong trend toward larger sales has recently devel- ' oped and shows every sign of For the first time in three | holding for the rest of the year, years, Spencer Love, chairman of i If so, the building materials firm Burlington Mills, feels optimistic about the outlook for the textile industry. Sales in this recenly depressed busines have picked up so much of late that Love thinks the momentum is sure to continue into 1955. should end 1954 with a sales only dark spot is that increased total equaling that of 1953. The manufacturing costs may hold earnings down. The appliance field had its troubles, too, earlier this year. way and hitting the appliance business one of its heaviest blows. Sayre forecasts that final figures for 1954 will far outshine those of last year. “Considerable evidence is on hand which suggest that the tempo of business has quickened since labor day,” the Guaranty Trust Co., of New York agrees, in its October survey of the econo my. But it adds, with bankers caution: "It is too early to be ab- sheen. solutely sure.” | October, in other words, looks like the start of a good season. But just don’t uncross your fin gers yet. SHAMPOO After washing the hair, try adding a,half cup of vinegar to the rinsing water It will soft en the hair and give it pretty Retail sales are up from coast 1 But Judson S. Sayre, president to coast, Love says. Inventories j of the Norge division of Borg- have been whittled. Distress Warner, says sales in September merchandise is hard to find. And September saw a definite switch for the better in sales volume were three times as large as in the same month a year ago, when the recession was getting under 202 N. Brood StrMt BURRISS-HARRISON CO. “Your Friendly Furniture Store” -r the redueved business invento ries." He indicates " that the reason die decline in farm incomes has not precipitated a general con traction may be due to increas ed spending on the part of tfae federal government. Invitations^Announcements Reception-Visiting Cards HIGHEST QUALITY ENGRAVING Samples Gladly Shown CHRONICLE PUB. CO. Stationery Department SAVE ON BIRDSEY BARGAINS r rrrrr rr j j JUST LOOK AT THIS! BIRDSEY PAY-DAY SPECIALS All for StlJ BIRDSEY’^ BEST Vacuum Packed COFFEE lb. 1.15 BIRDSEY’S LAYING MASH 100 lbs. Birdsey’s HOG FEED 16% Protien 100 lbs. 495 MASCOT DOG FOOD 2511m. 2.05 Now Open for Business! Clinton Appliance Co. 108 E. Carolina Ave. - Old Express Co. Bldg. Experienced Engineers. Free Estimates on All Types of Gas Heating H We have had years of experience in Natural Gas heating. Let us help you figure the amount of heat needed for your home or place of business. We sell nationally advertised appliances. j Opening Sale SOM BTU RHEEMS FLOOR FURNACE $129.95 50 M BTU EMPIRE FLOOR FURNACE $139.95 70 M BTU EMPIRE FLOOR FURNACE $159.95 AU Furnace* Complete With Automatic Controls 60 M BTU CIRCULATOR HEATER $98.05 40 M BTU CIRCULATOR HEATER $79.50 ROOM HEATERS $7.95 to $29.95 • CONVERSION BURNERS • SPACE HEATERS • WATER HEATERS • BATH ROOM HEATERS • UNIT HEATERS • CIRCULATOR HEATERS • GAS RANGES Come By Our Store Or Phone For Free Estimate Clinton Gas Appliance Co. If It Bums Gas We SeU It Phone 1103