Historical Newspapers of South Carolina

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■■MM 11/ «y/. , _ THE CHRONICLE, CUnton, S. C. f June 12, 1969—6-C Life With The Rim pies l vcw’t Fowrr toY vou Les Carroll 6CT YOU* TYRIM) ] ro*60T TOOK/, 0€M*J Ty »T FO* ^ TKRSt OKY*.' 1U. TM K *SD 5TB\N« ARCUND UWV.E5* 1M UOOMN6 AT HY RW*ER1 'VOHTjSEE It. anoTT. Auto Parts Industry Shows Gains BY BABSON’S REPORTS INC. WELLESLEY HILLS, MASS.- Aided by continued growth of the replacement parts market and the fast selling pace of new auto mobiles, the auto parts industry registered significant gains dur ing 1968. Other factors which fav orably influenced results in this field were expanded government safety programs, good foreign demand, increased efficiencies ‘ from recent capital programs, a better price structure, and a sizable volume from nonautomo tive products. With many of these favorable trends continuing into the current year, most companies within the industry have recorded further gains during the first quarter of 1969. MIXED SALES PICTURE The near-term outlook, how ever, indicates that the smart gains of 1968 will not be matched in the current year. Although sales for the first half of 1969 will probably be ahead of the same year-earlier period, the sales pace may prove difficult to main tain in the second half. The let down will probably occur in the original equipment market -- an area sensitive to economic changes. Although new car sales con tinue at a brisk pace, heavy dealer stocks make automobile production schedules vulnerable to future cutbacks. At the same time, anti-inflationary moves taken by the Federal Reserve and the new administration may soon begin to show results. Conse quently, some slippage in ship ments of auto accessories to the original eqtB£lff*dtiia£kBrs&e*vs likely in the second half. To some extent, however, this will be off set by continued growth in the replacement market and further penetration of foreign markets. Thus, full year results will pro bably present a mixed sales pic ture. OUTLOOK FOR EARNINGS Profits to a great extent will resemble the trend of sales, but full year results should show some further gains over 1968 re sults. However, rising costs and continuation of the surtax will be restraining factors and most gains will be slim. Companies heavily dependent on shipments to the original equipment market will be vulnerable during the se cond half of 1969 and into the open ing months of 1970. Profits of these companies could be caught in a squeeze of rising costs and slower sales. THE LONGER TERM Looking ahead, the trend of both sales and earnings, although sub ject to fluctuation, should be up. The original equipment market wiU be influenced by the cycli- • cal swings of new motor vehicle production while the replacement market faces a continuation of steady growth. In the years just ahead, auto sales and production will be fav orably influenced by rising dis posable incomes, the trend to ward multi-car families, a steadily rising scrappage rate, and anticipated growth in family formations. Other influencing factors will be style changes, consumer tends regarding op tional equipment, government safety requirements, new techno logy, and the degree of integra tion by motor vehicle producers. Demand for replacement parts is primarily dependent upon the SWEETIE PIE rr CP "You osk her why she needs the point remover! I hoven't got the couroge!" Be An Alert Shopper BY ANN LEE McPHAIL Clemson Extension Consumer Editor If you are like most people, you do everything in a hurry and shopping is no exception. A shop ping trip would run into hours if you compared each item you buy with all the other choices that could serve the same purpose. However, by spending a little time to make a careful decision on one or two items you buy each shopping trip, you could soon build up a reserve of informa- Wouldn’t it be a shame if you saved a pile of money for retirement and there was nothing to retire to? Buy U.S. Sayings Bonds 8c Freedom Shares ©0- ’ ■ vtthTWI latfeTn number of motor vehicles in use. This segment of the parts busi ness has been in a steady up trend, and since 1944 regis trations of privately owned ve hicles in the U.S. have tripled. The longer term outlook for this market is further enhanced by strte inspection requirements and adoption of new products as standard equipment. RECOMMENDATION Because over-all earnings are expected to be only slightly high er this year, we are currently recommending purchase of only two companies -- Kelsey-Hayes and Echlin Mfg. Co. -- in the au to parts industry. Kelsey-Hayes, a leading producer of wheels, hubs, and drums mostly for the original equipment market, is a major factor in disc brakes and should benefit substantially from the growth of this market. Ech lin is a small but aggressive manufacturer of parts for auto motive system concentrating primarily on the expanding re placement market. tion on which to base future de cisions. The best decision in one in stance may not be the best in another but maybe you would at least learn prices of frequently purchased items so you could re cognize a change in price when one occurs. Be an alert shopper. Frequent ly a small canned item will be featured at a “special*price when the larger canned item is really the best buy. Check these small specials against the larger item in terms of weight and price -- you may be surprised. For the budget minded, chicken is an exceptional buy. Large sup plies of fryers coupled with the fact that these small and deli cate chickens are very perish able and must be moved quickly through marketing channels makes good prices on fryers easy to predict. Watch for beef spe cials for the best values. Pork prices are fairly steady but in creases are probable. Most fresh vegetables are a- vailable in good supply although prices are a bit higher than last year on most items. The United Kingdom, with over 60 million spindles in 1917, was the greatest textile-producing country in the world. By 1960, however, the number of spindles had declined to less than 10 mil lion. OFFICE SUPPLIES • Ledgers • Ledger Sheets • Receipt Books • Statement Pads • File Folders © Carbon Paper • Typing Paper • Envelopes • File Boxes • Pens • Pencils • Erasers • Ko-Rec*Type • Adding Ma chine Paper • Typewriter Ribbons • Mimeograph Paper © Duplicator Paper • Stencils © Brief Cases © Binders EVERYTHING FOR YOUR OFFICE — PLUS — • GIFTS • BOOKS • STATIONERY • ART SUPPLIES Chronide Publishing Co. 833-0541 WADSWORTH CHINA SHOP TOWN V COUNTRY SHOPPING CENTER 833-4880 NOW CARRY: • BIRD BATHS « CLAY POTS • Cement Flower Pots • Potted Plants GIFTS FOR FATHER 25c up to $100 WEDDING AND PARTY RENTALS STORES 104 MUSGROVE ST. 4-Oz. Ban Aerosol Deodorant ANTI-PERSPIRANT REG. 1.19 59c HAI KARATE After Shave Lotion REG. 1.50 99c GILLETTE TECHMATIC RAZOR and BLADES REG. 1.79 1.29 PAPER MATE PENS REG. 49c 39c 11-OZ. RAPID SHAVE BOMB REG. 1.19 69c 7-OZ. COMMAND HAIR SPRAY FOR MEN 79c * British Sterling AFTER SHAVE LOTION REG. 3.50 3.13 Canoe COLOGNE REG. 5.00 4.47 British Sterling COLOGNE REG. 5.00 4.47 Brut After Shave LOTION REG. 5.50 4.97 38-Oz. Mum Cream Deodorant REG. 29c by Oiaiwtt* lO-EDOE B»t5 WE HAVE THE FOLLOWING IN STOCK: • OLD SPICE GIFT SETS. HAI KARATE. COMMAND. KINGSMEN. JADE EAST COLOGNES. AND AFTER SHAVE. • GRUEN WATCHES • ZENITH RADIOS AND PHONOGRAPHS • WESTCLOX WATCHES AND CLOCKS • ARVIN RADIOS AND PHONOGRAPHS • KODAK CAMERAS AND SUPPLIES • POLAROID CAMERAS AND SUPPLIES AT DISCOUNT PRICES SAVE-WAY STORE IS NOW OPEN AU DAY WEDNESDAY WI5 RESERVE THE RIGHT TO LIMIT QUANTITIES PRICES GOOD THROUGH JUNE 18, 1969