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I’ase Two Russia and President s Health to Influence U S. Economy in 1958 * Bobson Mokes Business And Financial Forecast For Year llv KolCI \\. Hah'-on Next '■ ' i. - I ' ' l" - - iv, i !, • l- .. :: - Ait'' i i- -n a . • • ,- • , • j; :> * , . ' \ 1 \\‘ at - .Mi Hi"*!.! K;i > - p- ■ ■ l - - 1' 1 a ' \ \\ lag af f- ' 3- . I ’ ' ! 1 '' ^ m ' * ' ' 1 . t : i : i ’ ’ r - l tie Fit h.-.T- ! i ' i . - "3..I ’ . 't-'i"' 1 ' I"* t " . t : . *' a I h;.' ;>< • 'i: ■ - • • « • ^ 1 \ » 1 -'1! .. pM’V'i i : - - ■ ' • • h, ! r. n 1 . :. * . • • >. vv .! In- )»' i*a. 1 •'. -: i i.'. . . i • - i. iii.'ltip .itiii i“' : ’ . •. ..- . * -I':’! 1 1 - "•* : ' • -- ’ h .n health a- !. • ‘. i ! L r f h: < ! ‘ i ‘ 4 t! . pal l > . .. 1 x - ' j', t;, - > a , * 1 . ' ’ 1 la' h . W.Ulili IlM ' •. . ' -i ‘ ! a I' ■ ! .: --i > r p 3' 1 ' I l ' 1 ' ' ’ < 11 •! t < ' • 1 V ' ’' ' :• ’ ' \ .x.'t ' .1 go- i’. T T' c! !'<■-<•!.•,• ! j' ..'I pa: ag..:’: 1 ♦ni'l t or i-v d. •: . IV. m > _ ' .-r,i:> an- J .- \ .v < i’n 'i ' ,. V > '% 1 ' f . ' - - : \ • , I ' r ' dent Nix >n • v. m; ojH-: 'v \ •» , i ■2 .] '.t : \ .Hiiaivlc .1' liimtv tu t.;- i':,t>.- ' ' ] V i.- ' .. i el .el.'.'! f 1 -udl [law . fnri- tt.<- . • -n.. , ■ , ■ • F! erefero. t ■> . h Ku.''ia ('ri-'idcn* i - v’nnd;:ii'!i ,, v I’i'l ' - England . .'uid gn-,.:.- ■' < . :re ; "iita-.d . i . ; •>, v i -• w : 1 a.'' the ' ! Iftl.n d > x: f.-w > car.' \ •i-vT' x ' n :■ ' !!l> f-.I-i' H ,' woil.T . v and f ' : e l ..• *\\ > .ir : 1 > ,; ■ *■ \;m'.vjiin .4>- 1 j . g -.ill he W.-H 1 • : ’ , \ .- . : l S 1 h.' Will T. t , ’ ' .i • i. .'' : ■ vt: !r..-h could a U • f • i am . g,-. - 1 M ? N .. vc.,* t ( \ . l" aiin.xl •x. 1 n J ’ ’ , 7S W.n • ■fa l nit.xi n; . ‘ n : • \ u n >* : Uf'Y'rn I. - W '' ■ ;’t j j K , r :" r i. i , . 1 in :n V - -v--- ' i . V hOJ-H' f ' ! ' •• (N 1 ■ I'nitcd • V' ’ t 'e, ? ‘r ct : • 'U t - a ^ - ■ Y:-: Yi Roger \V. Babson THE CLINTON CHRONICLE lo>'. to spend for American- Koods.for ctwperativejnodern ‘apartments and foreign trade will decline in! than for .stngle hoiLst*s, although old I’.i.VS compared with U>357 . aiiarliurnt houses will sell for less. Money ()%Clook More young people and old people 11 Money w ill continue to be | " ill insist u}Kin every modern con- tight during l‘). r >8 for new bor-: venience and upon locations, not ab orv wro have not established a sat-1 sclutcly dependent up«i automo- jvfai t.uw line of credit | biles. Owin^ to yltvlming demands | 3^ tdl loeatixl .woodlands will lor funds mten st ra'es \\ill decline! eontmuo to increase in price. This m ia .s i certainly a p p 1 i e"s to pine wood . i;t i .mu:.- with Luge numbers tracts. os|>ocially in the South of einpl.wCes will iveeive first con i ' 1W Canadian oil reserves should sol. raiion. both by -banks and by the ; begin to recover^ in price unless go\fTninont .there is rationing '>( gasoline in the It for fear of World War 111. T mtt delates late in Ittoli and due to declining business, many! -to The most im|>ortant factor in plans for the expansion of phmtsj connection with real estate i;; the ‘1 parking problem, which is a curse 'a.S Collars annuaiW f >r only throug'h .nflalion. or by H'-o. or Coimuis nhions toi radical n ,.fai'her -ipiee/ - ,, re-uli of high ts>u:> f->r lower will be [H>.s||Hined Mojiey rates may he “fix'ed 'lof alnusst every city Suburban real during pays by an economic dicta estate and Tanms owe much to the tor automobile, but the 1 automobile in- h> Lowii money rates will make dustry is now reaching a stage it . .isn r to .soil long-term bond:* where it could revolutionize present diirnm 1 AbS 17 rhe supply of non-taxable slate iilumeip'al turnpike, and oth er \utliority bonds will increase during 1 AYS pa- i a a ;' < ,,s real estate prices We oWe the au tomobile industry a debt of grati tude tor our present prosperity. It is a bellwether of general business for 1A">8 It is, however, like every- is 1 forecast higher prices "for thing else, subject to the' business a' all 1< \< is will tn.my nu'fsira t ion .boruis. [cycle and may be a cause of the o',s pi Investors will continue, during next depression Another probable d\_e!Using by both 'd .s p, switch from stocks to at , cause wilt he the failure of one of a.! retailers will tractive bond issues, fear of war: the big corporations whose stock is will rule the markets j amoiig the '^0 Blue ('hips" of the .'o Bank* rs* w ill fear that thi Paw .tonus Industrials go\ernment -a.s. a,part of the cold Stock Market Outlook w.,r will appoint a dictator to di- -it The "bloom is off the stock reet the policies .of all national ! market We will have rallies and bank' leading stock exchanges, I reactions during 1958, but the broad .aid m\ t'stnumt dealers j trend w ill be downward. This is-the Labor Outlook first time for many years that I e. 1 11. revelations brought 'about have said this in my annual report. ^ : : .a*, compared j)V ;hv mvcstigation of the Team There is too much talk about mis- f--Iei as- a moderately j ,i \. rage far whole i r eev Kxpect a /.ii' he ie|H.aled m 1958. and may;^ bei years the bond market has been made more severe Much, however, i ttoing down. I’he reverse will take will de|H-nd u|H>n President Eisen- place during 1958 While the stock 'Cay m '! i u'.u iurers u-, I,-, t ke.-jii up their [ires gi as.- \ hina dot mg 1V.SS E.iiii.res will increase m 19. r v8 -i- w 1! ipply mostly to small e: - - but m• n.t of the log com . - -i • 1 a ! '■••w lanes \V . rages ' ’ ' l ! ' S « i< 1 1iU- *'; u 1 < a r ’ *■ *1 t i! \ 11 st.-rs t nion may lead to nnportant sties, homlvs, and fallout ; new labor legislation , 42 While the stock market ha.s 2a Phe Taft Hartley [.aw will not * been going up during the past few rs w ill h'sit,it. ag.-s. t.U! will : [H-rsions. and! : bower s physical and mental condi-1 market is going down, the bond market will begin to creep upward. tton I. <*r w--..l h,i\. 2) ( mure.ssional attempt will be Phis especially applies to tax free nude to eliminate the present ex- bonds, the purchase of which 1 . mption of labor unions from-anti- :drongly recommend ■ / - a A f the start of the New Year, we extend to you, friends and cus tomers, the traditional greetings of the season, with the extra warmth that comes from the pleasure of knowing and serving you. May 1958 bring to you and yours a full measure of health and happiness, joy and gladness, op portunity and success. \l. iS. ItIILEV & ESTABLISHED IN 1816 CAPITAL AND SURPLUS S625 000 MfMBtR - HDIRAI DEPOSIT INSURANCE CORPORATION muiiopoly laws 27> 1AYS w ill he .-ad year for lab< loader^ l foreea-t that there will fee an increase in unemployment during 1958 ^ 2u 1 loreea.-t that with the po.x- -ible > xe.-ption of the auto industry, Then will b. no national 'trikes during 1AYS 43 Good cumulative non-callable preferred stocks will also be in de mand during 1958 Owing to the money market, they recently suf fered in price, but owing to lack of supply, they will be the first stock- to recover. Kcmember, 1 am now recommending only high grade j cumulative non-callable preferreds 27 l foil-east that automation will 44 The large fortunes made in a ly increase during 1.95K the stock market have come from 2 s It wag.-' should he fixed as a buying non-dividend-paying stocks port oi Hi, t old war program, retail >*t ^ a share or under. These will ; , a-, - .. oi I- - be fixed . be the first-to react; a buying level. •a V. --. -I kr r-. especially office H >•.'» are to buy these low priced .■uik'i.' wnl in- more ef lie lent m docks, you should seek companies . It will I,.- more ihffeouU--foro.VUttw.ML.Lou..mach.,ciliiutl?t.iye pre- to, .r-aip oi college graduates in ferre.l stock outstanding. This is the| -i t _ -..i ;• •'giur.- at lu.h wages 1 opp'^de of the preferri'd" reooin o l - .}., p a> | |V* years labor :,! ' Ldion m paragraph 43' tuts been -ittin. .n the driver's sea' 45 l.ar.'i bank balances will con Moiiy indu-trial 1st' and political ' '"be to be a ‘ good investment in o.ol. i' nave lear.-d that the c.-un : -C-,s .Many savings banks are now od. d toi .. -oe,..1 i't ,,r labor 1 biyi: _ 3 to 3 interest. These w ■-• * • o-m<ait A ftH-ertul sign now bob. we- how.-ver. 'Innild not be t- t 'uei: tool' mi...,. ; eiiiporanly h.-.ke! tipi.n .a' permanent in vest - . ■ a Y im :.irgu;uTlie Amei , m* -it but rather a- a means'of .'.ork,-._ man is him.-eif becom < 'iobl: n you to have cash available: - ■i.'.-ii'ied with too jiowerful la -'ben r.-mmon stocks reach a low 1 .coders I'tiis should he good 1-'-el Thi- time may NOT come in' vs oil hoac.'t employers 1 1!*38 Here again, much depends up- Outl.H.k f or Keal f.slate "U I’n'SK.ent Eisenhower's condi- 31 Lotui adjoining cities and ’bon ’o.wi' will increase in value during 1,; Although many corporations i ''.s 1 hi - especially applies to mtorc'ted in atomic- energy, elec 'tn in farms. j tromc-. rare metals, and other 3,2 Large commercial farms willl growth industries will become more continue to prosper during 1958, but prospe: i us and profitable to invest- t tie small farmei will continue toi <irs , of .these new companies Miff, r if dependent on fanning i" 11 ! tie wi|H-d out Hence, investors 33 l rid.-r an economic du-^Lai,j'hould he very careful in connection tanners would receive no increased j u 11 ^ price 'iipjxirt.s If farm prices are '‘ ^ tility stocks should hold their fix.sl. they will bt' at lower levels " un ' Al,h regard to dividends and 34 Large cities may continue t„; mark, lability Electric power will 1 ise m [xipulation. Large city real always In- in demand MURRAY GARBER’S HALF PRICE .-state will sell for less, for fear of Russian missiles. 35 The growth of suburbs will continue, although many houses now occupied by well paid execu tives will be focred on the market j as their owners lose their present high salaried positions. 36 Construction activity in many [communities will decline.’ Older ; houses will come on the market. 37 In many sections of the coun try there w ill be a greater demand ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ : ♦ ♦ i i ♦ ♦ : ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ (.Ml MORE OI T OE EIEE — GO 01 T TO A MOVIE' YOUR 4 PROGRAM Last Day Today Jan. 2 ^Dance' and Romance, in th« p| ayflTOOn ds af the Pacific! ' - .JANE RAVeLL'CUFF RpBEl<J50N ye.- • ■ - ;. r,. y/e.r p a j JaKD • NOONAN - V MFRKEL Monday-Tuesday f? W SHi&cY JONES, \ ' ~ —^ Jan. 6-7 Ay / .*• » # / ' / - -y / I Lk i J Friday-Saturday Jan. 3-4 EARTH ATTACKED BY SCIENCE-MONSTERS I mrnm PtllUP [YE«-ABBOTT-BKWSTD1 -ROBBY, THE ROBOT I WO ( ARTOONS W ednesday-Thursday caky Gmrvr f JAYNE MANSFIELD SUZY PARKER 8-9 THRILL fh# i b«PwM*i men on«i mochin*»l COLOR Or DC LUXE , - inxenw :»• 48 Most railroad stocks should be avoided Most pasenger business is now being operated at a loss. Trucks, busses, airplanes, and pri vate automobiles will ultimately force the government to take over the railroads In the meantime, the securities of the long-haul railroads, which specialize in heavy freight; will he the best to own. The short- haul roads should be avoided by in vestors. 49. Not withstanding the above, we cannot now become panicky or too bearish. Our country is not now operating o n the Gold Standard which was responsible for many of our national crises, but is now a Po litical Standard. Although Newton’s Law of Action and Reaction must continue to operate, yet Congress can for a while lengthen the pros perity cycles This it will attempt to do even if it requires an econom ic dictator to temporarily regulate money, wages, prices, rents, taxes, and industry in general. I cannot forecast disarmament in 1958. It appears to me, however, that the present race in guided missies, atomic underwater navies, surprise satellites, and other tremendously destructive military eqiipiment could ultimately rob us of our free dom and turn us back to slavery unless disarmamei t becomes a se rious goal The 6;- niks should hasten either another military world war or the elimination of world w^rs Sputniks should shorten the cold war now in progress,^— 50 Speaking realistically, t h e hope of the United States and the world depends upon our spiritual relationships Only as we grow spiritually, along with our material growth and military power, can the world be kept in balance. Xh^re- ,fore, my final appeal is for the sup- f*)rt~of all churches of all denomi nations and their ministers, priests, and rabbis who are carrying the torch of righteousness. Bond Sales Total $29,093.75 In Nov. . Series E and H bond sales tar the month of November in Laurens County totaled $29,093.75, reports I). Patterson, County Savings Bonds chairman, COATS Belson’s Dunnybrook Kay McDowell Petite Miss Martinique Uxbridge Ladies’ Flannel Ladies’ House Y ... Carole King Vicki Vaughn Toni Todd Martha Manning Ladies’ Hats Vj Price Ladies 1 SKIRTS One Group Ladies’ DRESSES 98 Ladies’ Spring > •«. All Fashion Crfift SHOES ' * ■*. '' \ - - ■ .-l.-