davidaulloa/AmericanStories huggingface dataset:
Evening star., 1952-07-20
Rails Blaze Downfall
In Bond Market for
Second Straight Week
By Arthur Merims
Assoeiofed Press Finoneial Writer

NEW YORK, July 19.-For the
second consecutive week the bond
market shook out some of the
gains piled up in the last three
months, and again it was the rail-
road section which blazed the
downfall.
There was no doubt of the
downward movement this week,
but there was no hurry about it
either. Volume did not top the
So million par value level on any
day.
Wall Streeters say the market is
"adjusting"-and they have plenty
OF sound reasons to back them.
Main reason is the flood of new
financing in recent monthS-both
by the Government and industry.
This week, for example, Dow
Chemical Co. sold 500 million of
convertible debentures in less than
Ian hour and before the day was
out. they were selling at a point
premium. Commonwealth Edison
Co. distributed $40 million of
First Mortgage bonds that same
Tuesday. Net result-the out
standing obligations OF these COM
panies fell. some more than a
point.
Another unsteadying influence
on market prices is the steel
strike. almost so days old. A strike
normally does not affect bond
prices. But a long strike, in basic
industry, can have prolonged ef-
fectS upon the Nations economy.
Bond traders know this-and if
prices are as high as they have
been lately. they are encouraged
to do a little profit taking.
Another cause for caution ap-
peared this week.-Mrs. of Ko-
rean truce. Wall Street never
ignores these truce rumors, and
the latest one is being taken
very seriously in some financial
quarters.
Government bonds were steady
and quiet this week. The new
23ss slipped 1882 to 100 1882
bid over the week. Bank-eligible
212s also dipped 2/32 at SO 20/32
bid. But victory 21as rose the same
fraction to SO 1882 bid.
The foreign section was also
quiet, except for Japanese bonds.
Most climbed toward par value
and a few surpassed it. Japan
612s closed at 1033s on Friday,
the highest price for any japanese
issue this year.
Evening star., 1952-07-20
Reopening Of Plants
After Vacation Period
Gives Industry Lift
By Richord Fiske
Associated Press Business WrifcF

NEW YORK, July 19.-The
Seven-week'S steel strike carried
the Nations economy close to the
danger point this week.
The overall industrial picture
improved very slightly over the
previous week. But it was only
because many plants reopened
after a traditional early July vaca-
ton period.
Users of steel were getting into
critical straits. Military men
worried about arms production.
Manufacturers of civilian goods
worried over production of scores
of items from hairpins to auto
mobiles.
A couple of million workers were
idle. Some of them were steel
workers. More of them were en-
ployed in Steel-starved industries.
In New Bedford, Mass. an
arbiter for the New Bedford-Fall
River Cotton Manufacturers As
SON1dt1NN1 d11u O11C 1CAO13C WOIACIS y
of America (CIO) ordered an
eight and one-half cents an hour
rollback in textile wages.
This carried the wages back to
The level of March 10, 1851. The
current average wage scale is
$1.40l2 an hour.
While the decision covers about
$4,000 employees in the area, the
wage scale in this section generally
sets a pattern for $1,000 textile
workers in the Northeastern StaeS.
Dun and Bradstreet said shop
pers in most parts of the Nation
spent a little more as they re-
sponded to many reduced-price
promotions.
The business service reported
steadily increasing caution among
shoppers in areas affected by labor
disputes.
Evening star., 1952-07-20
Commodity Prices

NEW YORK, July 10 QP.-wholesale
commodity prices averaged a shade lower
this week. according to the Associated
Press commodity index.
Price advances far outnumbered the
declines, but reductions in the heavily
weighted. grain quotations brought the
index below last week end.
The index, at 1S415 on Friday COM
pared with 1S4.30 last week and 194.31 a
year ago. In this index Of 35 important
wholesale commodity prices the base year
of 1926 equals 100.
The industrial food livestock and tex
tile, groups of commodities all worked
to new low for the year to date. Nom
ferrous metals we're unchanged.
The index. with comparable figures for
last week and a year ago, follows:
Evening star., 1952-07-20
The Low-Down
on Mutual Funds!

In the only study Of Its kind. FORBES
boldly appFaises Mutual Funds from the
Investors point Of view. In language YOU
can understand, 1t gets behind all the
"sales talk" to bring You the facts:
l Which Mutual Funds are the "stor" per-
formers--show biggest eopitol gains over
= the years compared with the "Averoges"
which hove greatest management
''sovvy"-whieh have worst records Of
performance?
7 Which have ''lood" charges Of go or
more (which maks NO LOAD"
: Which show best 5-ysar overase Yields
which poorest?
owns or expects TO buy = Mutual Fund.
SO STOCKS TO WATCH NOW
Goodman in FORBES picks 33 "bIue chips
with uninterrupted dividends up to 90
years! Biel uncOvers stocks to buy for
keeps" Another FORBES analyst sees big
up-swing for 2 speculatiOns.
To acqualnt you with FORBES Magazine
:. its exclusive financial and business
studies BY tOp-ranking authorities we
q offer you reprints Of "The Low
MI Down on Mutual Funds" and
y other reports above. Get them
with your FORBES subscription.
Return this ad with . single dol
lar. At the end Of 60 days decide
you wish to continue for the full
year by remitting So or cancel and owe
nothing. Get 9 extra issues-15 months
Address Dept. O-1O.
Evening star., 1952-07-20
BOND SUMMARY

FURNISHED By the Associated Press.I
:. A selected list Of active honds ON the
New York stock Exchange, showing the
high. lew and closing prices for the week
weeks close.
Evening star., 1952-07-20
CURB SUMMARY

FURNISHED By the Associated Press.)
A selected list Of active stocks ON the
New York Curb Exchange, showing the
high, low and closing prices for the week
and the net change from the previous
weeks close.
Evening star., 1952-07-20
ES ;% t'si1 FINANCE
80 Fifth Ave., New York IL, N. Y.

Where Is business best? How are trade
winds blowing? See "The Economy"
FORBES sensitive business barometer.
Evening star., 1952-07-20

w. CARROLL BEATTY
ROLAND H. BERGER
PERRY BOSWELL
G. CARVILLE BOWEN
WILLIAM BOWIE
JAMES A. CHANEY
j. DONALD CLAGETT
JOHN j. DOLAN
T. HOWARD DUCKETT
SAM E1G
JAMES w. GILL
JOHN II. HUNTER
r. L. HOUSTON JONES
THADDEUS M. JONES
Evening star., 1952-07-20

ARTHUR c. KEEFER
FRED L. LUTES
HARRY w. McNAMEE
WILBUR B. MEHRING
OLIVER METZEROTT
WALDO B. MOVERS
WILLIAM H. REYNOLDS
JOSEPH RICHARDS. Jr.
HENRY S. ROOME
c. BAILEY SCRIMGEOUR
J. ROBERT SHERWOOD
DWIGHT L. SMITH
THOMAS B. SYMONS
WILLIAM M. WRIGHT
Evening star., 1952-07-20

| The following. bid and asked prices are
Obtained from the National Association of
but are unofficial. They do not represent
actual transactions: they are intended as
q guide to the approximate range within
which these securities could have been
sold Indicated by the bid) or bought
Indicated by the asked) at the time of
compilation 02 noon, Friday. Origin of
any quotation furnished on REQUEST.
Evening star., 1952-07-20
Dividends Announced

NEW YORK, July 10 G'.-Dividends
announced:
Pc Stk of Pay
Rate riod. Record able
Evening star., 1952-07-20

Rates Of dividends in the foyegoins
table are annual disbursements based on
the last quarterly or semiannual declara-
tion. Unless otherwise noted. special or
extra dividends are not included.
Z Ex dividend xr Ex rights. cid Called.
rants. Wv With warrants xw Without
warrants. Also extra or extras. Plus
stock dividend. d Cash or stock. e Paid
last year. Payable in stock estimated
cash value ON ex-dividend date. De-
clared or paid so far this year. Declared
or paid after stock dividend or split-uu.
< Declared or paid this year. an accumu-
lative issue with dividends in arrears.
nd Next day delivery: p Paid this year.
taken i & iast dividend meetins.o e. siIS y Be.
clared or paid in 1851. plus stock diyi-
dend: yd When distributed. x.dis X
distribution. Liuuidating dividend.
PAYABLE In stock, exact cash value unde-
Evening star., 1952-07-20
Washington Stock Exchange
Ueport Compiled by Exchange onacials)
BONDS

AND INCLUDING FRIDAY. JULY 49,
Evening star., 1952-07-20
Mutual Funds

NEW YORK, July 10 R.-National
of Securities Dealers. Inc:
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
NEW BACKBOARDS
ARE INSTALLED
ATLOCAL GYM

Citizens of Tabor City have do
mated $500 and new glass BACK
boards have been installed at the
TABOR City high school gymnas-
INN. C. H. Primer, superintendent
announced this week.
The backboards in the gymnas-
INN were wood and in that most
modern gymnasiums have glass
backboards, it was deemed deslr-
able to have them installed here
The cost of making the change was
s5oO and local people contributed
the necessary funds for complet-
inc the project: Those donating TO
the project include: E. {. SAND
arg S. P. Smith, B. A. Carroll t.
p rogers, J. w. Peay, c. c. Leg
ge+te, Ed A. Prince, Ralph spivey'
r G.. Westmoreland, j. M. NC
Cougan, Jack Strickland, DR.: H.
r cameron, Willard c. Wrlgnt'
william Shelley, DR.. R. W. Will
1;smson A. P. Rogers, R. B. NAL
lard, oliver Prince and Arthur
Prince.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10

In his new post, Pemberton will
head the Occidental sales force in
Columbus, BrounWick, Bladen and
parts of Robinson and New Han
over.
An insurance man for approx
mately four years, Pemberton has
been with Occidental in Whiteville
for the past 18 months. He ad-
vanced rapidly and is now in sixth
position among representatives
with the highest amount of paid
for premiums.
He is doubly qualified for an
expense-paid trip to the compa-
ny's annual convention which will
be held next July in Colorado
Springs, Colo. For his production
standing, he was elected to men,
bership in the President Lawrence
Lee Club.
A native of Troy, Montgomery
County, the new district manager
came to Columbus County 10 years
ago, locating in Tabor City where
his father, w. S. Pemberton, OPP
Grated grocery store for several
years. His father still resides in
Tabor City.
The Occidental Life Insurance
Company has it's home offices in
Raleigh.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Local Girls Named
For Band Clinic

Shannon Spivey and Gail Kelly
are among the Columbus County
Band members selected to appear
in the South Eastern Band Clinic
at Duke University, on January
9 and 10, Director Bob Hodges an
nounced.
The students are selected for
proper and balanced instrumental
ton by a committee with average
amount from each list.
Shannon plays the trombone
and Gail plays the flute.
Other Columbus County stu
dents to participate are Nellie
Ward and Barbara Canady of
of Nakina; Billie Valentine, Bever-
ly Davis, Sherod Braxton, Grant
White, Connie Hussey, Elizabeth
Pickerell, Carl Ward, and Gene
Porter of Whiteville; Richard Rog-
ers and Richard Wallace of Cerro
Gordo; and Carolyn Peel of Chad
bourn.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
S. r. Rogers Is
Merchant Head

S. T. Rogers, popular local bust
nessman, was elected president OF
the Tabor City Merchants Asso-
citation at the annual banquet held
at the school lunchroom Monday
night. Rogers succeeds J. Oliver
Prince as head of the local organi-
cation.
A. E. Goldfinch, present secre-
tary of the association, was named
vice-president succeeding Lewis
Gore and Frank c. Norris was
elected secretary and treasurer.
Rogers has served as president
of the association in the past and
is generally regarded as a live
wire civic leader. He is active in
the st. Paul Methodist church and
the local Civitan club.
Outgoing president Prince thank
ed the organization for the coop
Grafton which he had received
during the past year and express
ed satisfaction with the progress
made during 1852.
The association voted to close
three days for Christmas this year
and if all merchants abide by the
vote, all Tabor City stores will be
closed Thursday, Friday and Sat-
urday, December Is, 26 and 81.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Local Masons
Entertain Stars

The local Masonic Lodge enter
tanned the local chapter Order OF
Eastern Star, with a dinner party
at the American Legion hut Tues
day evening.
The Rainbow girls along with
their Mother Advisor, Mrs Mae S.
Young prepared and served the
dinner.
The dinner hall was attractively
decorated in holly, misletoe and
candle light.
Frank Young was master of
ceremonies and made the welcome
address. Mrs. Emma w. Smith
gave the response.
A. c. Edwards led the invoca-
ton and spoke on the Blessings
of Fellowship H. B. Frink thanked
the Rainbow organization for TAX
ing charge of the supper.
About 100 attended.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
EXTENSION SCHEDULE

Following is the extension sche-
dule for the week of December
18th through December 18th as
submitted by the Home and Farm
Agents:
December IL
North Tatum HD-Friday, 2:30
p. m.
Evergreen HID - Friday, 3:15
p. m.
December Is
Evergreen Jr. All - Monday,
8:45-9:45 a. m.
Evergreen Sr. All - Monday,
9:45-10:45 a. m.
Chadbourn Jr. Al - Monday,
1:20-2:10 p. m.
Chadbourn Sr. All - Monday,
2:10-3:00 p. m.
Western Prong HID - Monday,
Clubhouse.
December 16
Sandy Plains HID - Tuesday,
200 with Mrs. Leon Wright, and
Mrs. Horace Fowler.
Delco HID - Tuesday, 2:30 with
Mrs. Verne Finch.
White Marsh HID - Tuesday,
7::3O p. m. Mrs. Mary Hinson.
December II
Tabor City Jr. All - Wednes-
day, 1920 to lilo.
Tabor City ST.. All - Wednes-
day, lilo to 11:40.
Hallsboro Jr. All - Wednes-
day, 2:15 to 800.
New Life HID - Wednesday,
800 with Mrs. Brice Mills and
Mrs. Paul Stephens.
Cerro Gordo HID - Wednesday,
7:3O with Mrs. Minnie Regain.
General Tobacco Meeting-Wed-
nesday, 7:3O p. m. Whiteville
School Auditorium.
December Is
Mollie HID - Thursday, 2::3O
with Mrs. A. F. HARRISON.
Mishop Springs HID Thursday,
500 with Mrs. Dewey Ward.
Bolton HID - Thursday, 7:30 at
Masonic Hall.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Garfield Granger
Buried Sunday

Garfield F. Granger 70 year
old farmer of Loris, route 1, died
in the Community hospital, Loris
Friday night at 7 o'clock follow
ing a long period of declining
health.
Funeral rites were held from
the Inman Funeral Home, Tabor
City, Sunday afternoon at 2 o'clock
with the Rev. Noah Duncan offici-
ating. Burial followed in the Car
DINA Church cemetery.
He is survived by his wife, Mrs.
Sally Granger; three daughters,
Mrs. Robert Mcpherson of Chad
bourn, Miss Carsettie Granger of
route 1, Loris and Mrs. Pernie
Mae Watts of Tabor City; one son,
Fred Granger of route l, Loris;
16 grandchildren and three great
grandchildren.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
S0U, CONSERVATION REPORT
Given FOR COLUMBUS COUNTY

With the years end sui WeehS
away. 1852 has already rung 'He
bell as a banner year in soil con
servation in Columbus County
N Glover. Jr.. Work Unit Cohsel-
yat;onist of the Soil Conservatism
Service, reports.
As of November 80, a total u
l.5 new cooperators, Representing
106l1 acres. had joined the SOIL
conservation district program our.
inc 1882 as compared with -
farmers and 1O,910 acres IN lSo l.
By December 81, at the pres emu
rate Glover estimated that lou
farmers, representing l2,3oo ac!eS'
will have started conserVatio''
farming in the district program
an all-time high. In addition uHe
Soil Conservation Service has as
sisted 80 PIMA participants III
planning and applying permanens,
type soil conservation ptaU'i0e
on their farms. ::
One of the factors IN the III
creased number of district coopeLt
ators has been the new system - -;
progressive planning, set up ~
the Lower Cape Fear soil conSel !
walton district, with the approval
Of the board of supervisors, Oh
which G. T. Gore, sof the Uui'e
wav section, is chairman.
This new system enaoleS q
farmer to start the initial Phase
Of \ soil conservation district pro-
gram Immediately with one OF
two practices and go on from 1heIe
to the advanced stage and Hilary
the basic stage of farm plahnlils
in which a soil and water coii,
servation program is 'oeVeiope'
for his entire farm. oo+-
Another factor which is expect
cd 10 have an increasing elleI-
in speeding up conservation WorN
on the land is the recent realisn
ment of Sos personnel. The form.
er district conservationists nave
been replaced by a smaller num- IN,
Der Of area conservationists with
supervision over a larger terrltory'
thus making it possible to nav
additional personnel for techhieal
on-site assistance to farmers OH
the land.
Another factor that has speeoea
I'D conservation work on the lano
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
TOBACCO MEETING

There will be a general Tobacco
Meeting in the Whiteville School
Auditorium Wednesday night, De-
cember 18th, starting at 1870 p. m.
Mr.. S. N. Hawks, Extension To-
bacco Specialist and Mr.. Howard
r. Garris, Extension Plant Path
OlOgist will be here to discuss all
phasis of tobacco production.
MIR. Hawks will discuss the per-
Torrance of the various varieties,
cultivation, fertilization, sucker
control, and other phasis Of tobac-
CO production; while Mr.. Garris
will discuss Root Knot and other
disease problems affecting tobacco.
At the same meeting a per-
Torrance report on various variet-
les Of tobacco grown in Columbus
County this year will be summar-
lied and given, and all tobacco
farmers in Columbus County are
urged to attend this meeting.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Town Board Asks Permission
To Elect Five Commissioners

The Tabor City Town Board
meeting in regular monthly ses-
sion last Wednesday night voted to
contact State Representative W.
F. Floyd and ask that he advise
local officials of the possibilities
of increasing the number of town
commissioners from three to five.
The present town board is COM
posed of three commissioners and
mayor and many persons have
long advocated larger governing
body.
The board also voted to ask
Representative Floyd to advise
them regarding the raising OF
mayors court costs.
Other routine business included
the decision to have 40 feet OF
thing installed near Martin Byrd's
home and the opening of ditch
from the Woodrow Sarvis proper
ty to the colored school section.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
L0RIS CACERS
MEET LOCALS
THURSDAY

The basketball teams of Loris
High School will meet the Tabor
City aggregations on the local
court tomorrow (Thursday) night
beginning at 7:30 in the second
meeting of these arch rivals this
season.
In the first encounter between
these two schools, the Loris girls
won by a single point that was
made at the very end of the game
and the Tabor City boys won
comparatively easy over Loris.
Thursdays tussles are expected
to be spirited as usual and a good
program is guaranteed.
In two games last night (Tues-
day. the Tabor City boys and girls
took wins over Cerro Gordo. The
boys had no difficulty in subdu-
ing the Cerro Gordo five and the
girls also came up with a victory
in the losers gym.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Farm Bureau
Meeting Put Off

J. P. Quinerly, president of the
Columbus county Farm Bureau
announced today that the annual
meeting of the organization had
been postponed until some time
next spring.
Quinerly said the decision was
reached after the matter was dis
cussed at a regularly scheduled
meeting of the Board of Directors
held December 4. All directors
present unanimously voted for the
change from the customary De-
cember date for the get together.
"It is believed that warmer
weather, better speakers and a
more valuable and interesting pro-
gram can be expected with the
postponement of the annual meet
ing" Quinerly said.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Chorus To Sing December Is

TIE Eigh School Chorus will
present a program of Christmas
music in the school auditorium
Thursday evening, December H.
at 500 Mrs. w. w. Woody, di-
rector, announced today.
The program will consist OF
Fred Warnings Song of Christmas
and a cantata with tableau and
narrator.
The chorus will also sing the
annual number, The Lullaby on
Christmas Eve, and the Hallelujah
Chorus from the Messiah.
Soloist will be Jimmy Winstead,
Jimmy Rogers, Alice Ann Horne
and Patsy Ward. The tableau will
be given by the students from the
elementary school.
The rs voice chorus will be &C
companied by Mrs. Furman j.
Fowler and Mrs. Davis Bruton.
The program is open to the pub
lie with no admission.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Emory Chestnut
In Far East

YOKOHAMA, JAPAN - Ser
geant First Class Emory E. Chest
nut, whose mother, Mrs. Louise e.
Chestnut, lives on Route 8, Tabor
City, N. c., has been assigned to
the Yokohama headquarters of
Army Forces, Far East.
Before his assignment overseas,
he was stationed at Fort Jackson,
S. c.
Chestnut, who served with the
Oath Division from December 1941
until June 1915, has been in the
Army continuously since World
War II.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10

is the active interest OF the farm
ers to start soil conserving crop
rotation on their tobacco lana.
Root knot and other tobacco dl-
sease took a heavy toll OF the to-
bacco crop this year. Farmers VINO
lave been practicing soil conserv-
ing crop rotations for several years
proved the value of such rotations
with tobacco crops that was dam
aged very little by root knot and
other diseases. Numerous farmers
are starting rotations this year
for better conservation and tobac-
20 production in the future.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Woman's Club
Changes Schedule

The Tabor City Woman's Club
will meet at the clubhouse Tues
day November 16, at 7:30 p. m,
Mrs. G.. w. Crutchfield, president,
announced. Members are asked to
note change in schedule as the
meeting was set for Thursday,
December 18. The change in sche-
dule was made due to conflict
with a public program.
The club will hold the annual
Christmas party at the Tuesday
evening meeting and Mrs. H. B.
Bell will serve as program chair
man.
HosteSses will be Mrs. j. G.
Singletary, Mrs. Roy HARRISON,
Mrs. J. S. Rogers, Mrs. Willard
Carroll, and Mrs. G.. J. Martin.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
P.T.A. CALLS
MEETING OFF

The Tabor City Parent Teachers
Association will not hold regu-
lar meeting this month. Mrs. R.
P. Counts, president, announced
today.
The meeting, scheduled for this
week, is postponed until January
due to the heavy December sche-
dule.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
New Salesman With
Cox Wholesale

Bobby Martin of Conway, S. c.
has accepted position as sales
man with the Cox Wholesale COM
pany here and has assumed duties.
He was associated with the Hol-
sum Bread company before COM
ing to Tabor City.
Mr.. and Mrs. Martin and infant
son are at home in the Lewis
Gore apartments.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
Local Pastor
Attends Meet

Rev. G. W. Crutchfield, pastor
of the Saint Paul and Zion Meth
odist churches attended the Con-
ference Wide planning session Of
the United Evangelistic Mission
program in Rocky Mount Monday.
Plans for an evangelistic pro-
gram are underway for South
eastern Methodist. The North Car
DINA Conference will observe the
week of April % and South Caro-
lima will hold the services in May.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1952-12-10
New Walks

c. H. Primer, superintendent OF
the local schools, announced today
that the new concrete walks Will
he completed around the element
arv school house this week.
He also stated that additional
work on the school yard fence
would be completed next week.