The Clinton chronicle. (Clinton, S.C.) 1901-current, January 02, 1958, Image 2
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 \\.
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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
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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
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(.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
' * ■*.
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