Historical Newspapers of South Carolina

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TMl CAMDKN CMHOWICLl. CAMOIW, 'tt f « ate Market ook Uneert^ —ti^oH BulIWi for Lonip Pull park. Maaa., April 7.—The !^arket to ruled partly by omo- Recent actlrlty has alven In- Testws new life; but most inreStors continue resitant or seek special sit uations. Last Sum mer they were op> ilmlstic. They look ed for great new derelopments in housing, electronics and other Indus, tries. Then they became worried taxes, national debt and recon- slon. Now they worry about poll- and the “InTaslon.” Savings Art RIaing fore than 50,000.000 individuals and orations own War Bonds totalling IValue ahont 127,000.000,000. The the War laata the more such will pile up. By Oedember 81, this may rise to more than 840,- 1,000,000. Money in circulation has ised rapidly for nearly tour This Is now ahbul 120,000,000,- It includes all cash not repre. [ted by bank deposita. A great deal irded currency. - i Bank Ospoaita I deposits now total nearly fiO.- [lOO.OOO. About 7 per cent or seme 0,000,000 belongs to Individuals, irse part of this could find its way the market. Recent talk of pro- jin^ li^-Service men with a bonus 3.500 to 85,000 each is indicative le cheapness with which money is arded in some quarters. It sef'ms more, ^pdivlduals will decide to baDge their dollars for stock ^ket equities as inflation creeps as. Personal and Other Debts the past two years. Instalment CAWOLIIIA. rRIDAV« APRIL 7, 1044 PAGE TMim € Fillet ^ TMIBST VWPy •wia THC s«s II M BIGGEST TH'RS^ VA L I! F. N D E R TI ^ F ^ U N OP KOLA Id In Better Stores In Camden and Vicinity purchase obligatioas, home mortgages, doctors’ bills and other personal debts have been nearly cut In halt* This means Indirect sayings of some 86.- 000,000,000. U. 8. white citisens are becoming systematic savers and are well-fortified with liquid capital, ^lle receiving wages, they are satls- iied with low yields from Government bonds. However, as living 'costs ex pend, people must either spe^d their 'savings or Invest them in higher yielding securities. Hence, an ulti mate mass return to the stock market first, as a source of income, and second, as a means of maintaining capital In the face of a decline in the value of dollars. Dividends and Interest High-grade Industrial- bonds now yield an average of about 2.60 per cent Most banks, aside from the co operatives and mutuals, pay only 1 to 2 per cent interest. For income and protection, investors are -better off in War Bonds. The average yield from high-grade stocks will run about 4.7 per cent. In individual instances, yields of 7 to 10 per cent in good com panies now may secured. Investors desiring such returns should act now. They may not be available long. Uncertainties and Possibilities Typical market action during recent months has been due to uncertainties over the holding of bur war pros perity, to fear that the postwar qra ( may not bring the expected demand for consumers goods, to -discussions over the corporate and personal tax situation, and to confusion over do mestic or foreign politics. This un certainty may continue for some time. With corporations niaintaining a profit level averaging only that of recent prewar years, security prices may rise substantially. When the present, psychological * uncertaiiities' are over, good-grade industrial stocks could easily sell 50 per cent higher than they are today! I give five addi tional reasons therefor; 1. A few "bine chip” stocks are high, but most stocks look cheap to me. For nearly ten* years, everything except stocks and real estate has gone up. We are paying more today I for labpr, high-grade bonds, insurance and all sorts of commodities. Stoni- larly, we will pay more for stocks. 2. The supply of stocks is drying up. Few new issues have come on the market in recent years. Hence, demand may exceed the supply. , 3. We forget the great foreign market that has always existed for American stocks. When present block ed currencies are released, a good many Europeans will scramble for opr stocks, 4. The deferred demand for con sumers goods should keep our produc tive capacities busy and take up much slack occasioned ^ the lessening of war bukinesg. twideinc. tnfirketr'WtlT be large. We should also enjoy a good export business. European countries, our Latin-American neighbors and Africa have plenty of gold reserves. They will provide cssh markets for our merchandise. Russia should cou- ttnue a'good customer. - 5. Excess profits taxes will cer tainly be reduced if not eliminated. Corporate taxes are at their peak. In a few yMrs the tax trend may be re versed. I further believe that busi ness controls from now on will be handled intelilgently. Somethiifg will also be done to ease the capital gains tax and to eliminate the double taxa tion of stockholders. Conclusion , I do not fear inflation if we can continue Industrial production on large scale. I do not look tor bank credit liquidation. I see no important decline In commodities. Most of our excess employed, numbering about 8>- 000,000 people, will go back to their homes, their schools, their farms, or into permanent retirement after the War. Hence, this wage-earning group will be off the payrolls. They will leave room for the regularly employ ed and for many .demobllix^ service men. Now Is the time tor business men and Investors to quit worrying and to have confidence in the months ahead! New Pastel Suit Dresses! « Tiny Prints! Lingerie Navy! Specialists for wo men—we have the young: - making smart fashions they ‘want for Easter thru Spring. Starr- ed--our soft pastel suit dress; our charming self-ruf fled tiny print. From a big collec tion. 8.95 UP Spring Hand Bags For . Easter Giving Find just the bag-silhop^tte and size you like best, in^ur very varied col lection. finely fin ished and beautifully lined. UF AUCTION! at 10:30 o’clock, a. m. WILL SELL FARM EQUIPMENT FROM MY THREE FARMS - Magn* itpitts for sale are: 2 Thresliiiiff Madhines—Inteni«tional Hay Loader 2 Gaaoline Ehigineg (8 h.p.)—One 10-20 Power Unit 1 Oliver Row Crop “W” Tractor i Oliver Row Crop “70” Tractor (Planting and CuHiyating Ekiuipntent for the above.) 1 Largo Power-Driven Com Shucker and Sheller 1 Skiddar on Chevrolet Truck—1 Stalk Cutter One 6 ft. and One Bft. Combine—1 Lime Spreader * One IdxlS'Hay Presa—One 5-Di«c Tractor Plow 1 Tractor Disc Harrow—One 11-2 ton (Chevrolet Truck 2 Mowers—Wagons and other items. Weat Indigo Ave. - Botween West CohmiAia aisdl Cayoe - Uurn West just^Refore you get to Brookland-Cayce H^ School). looagsoooooeeei ALL EYES ON If you're craving attention and cbmplimentSf do the strategic thing and make your new hat a pretty choice from our varied collection. t.98 to 3.95 Bow-Tie Charmers! Frills! Prints! Stripes! Find the pick of Easter blouses ..here! All the fashion-hit styles' for every type suit! Bow-tie beauties, “necklace"’ blouses, ex quisite lingerie blouses, with frilled jabots, ruffles, tucks! 2.29 3.95 Goigiiart^ Estates DEPARTMENT Camden’s Predominating