*
Alex Wilson Family
Has 39th Reunion
The Alex Wilson family met for
jts 39th reunion at the home of
Ted Wilson in East Dallas on Sun-
day. Chester Culver presided.
Mrs. Daisy Prynn took two prizes,
ong for being the oldest member of
the family present, the second be-
cause of having the largest family
present. [Seven of her pons and
daughters attended.
From Joliet, Ill, were Sheldon
Prynn, Glendon Prynn, with children
Mary Alice, Patricia, and Glen Jr.
Rochester: Mr. and Mrs. Frank
Vollrath, Mr. and Mrs. Robert Prynn
and Donna; Adaline Long and son
Jerry.
Philadelphia: Mr. and Mrs. Robert
Williams, Linda, Robert Jr.
New Milford: Mr. and Mrs. Peter
Wilson, Bruce and Lavina; Mr. and
Mrs. Lloyd Wilder and Darlene;
Scheryl Phillips.
Broadway: Mr. and Mrs. Chester
Culver and Ronnie.
Muhlenburg: Mr. and Mrs. Ed-
ward Vossler and Kirk,
Fernbrook: Mrs. Earl Belles and
Janice; Mrs. Vere Welitcko, ‘Conrad,
Stephen and Nero.
East Dallas: Mr. and Mrs. Giles
Wilson; Mr. and Mrs. Nelson Wil-
son; Mr. and Mrs. Melvin Morris,
with Melvi Jr., Kenny and Gary; Mr.
and Mrs. Ted Wilson; Mrs. Daisy
and Mrs. Tex Wilson,
Prynn; Mr.
Demunds.
Reynolds Class Meeting
Bi-monthly meeting of Reynolds
Church School Class of Trucksville
Church will be held Wednesday
evening, July 14, at the home of
Mrs. W. F. Newberry, Pioneer Ave-
nue.
The meeting will be in charge of
Mrs Wilson Cease, President of the
class, with the folowing on serving
committee: Mrs. Levi Crews, Mrs.
Sam Dilcer, Mrs. Margaret Dykman,
Mrs. Mayme Dymond, Mrs. Gwilym
Evans, Mrs. Russell Evans, Mrs.
Florence C. Finney, Mrs. S. D. Finney,
Mrs Harny Glace and Mrs. Wm.
Glace.
Hand-Made Dolls Feature
Of Library Auction
Hand-made dolls will again be a
feature of the Library Auction.
Elizabeth Young of Main Street,
Wilkes-Barre, made a pair of dolls
for last year’s auction. This year
she has made four perfectly lovely
ones, and in addition has made
bedding for several of the little doll
beds made by Robert M. Scott, one
of which was shown over T-V on
Libby Brennan's program Sunday
evening.
For Trouble
Pick One
Wagon, Heater
Free Driving
Of These
$1695
$1505
$1505
$1495
$1445
$1345
$1205
$1275
$1095
$1025
$995
$995
$005
$045
$745
es 00 000
cece eevee coe
1950 WILLYS Station $795 | 1930 CHEVROLET : $845
Wagon. Many Extras... ub Coupe, fully equip.,
1952 CHEVROLET §$ 194% CHEVROLET $
4-Dr. Sdn., fully equip... 1275 Soor 5 im 445
A aR is 1045 | 3230 Fie and Heater, 225
) CHEVROLET 1946 CHRYSLER $
ny a rR pe $895 | 4-Door, Radio and Heater, 195
Kingston
And Electric Power
Babson Park, Mass.,, June 24.
While most of the columnists and
business counselors last December
forecast a depression for 1954, I
constantly insisted that 1954 would
be a “fair business year.” This you
will find in my Forecast which then
arppeared in this’ ‘paper.
General Business
(1) Despite my general optimism
with regard to prospects for busi-
ness during the‘last half-year, there
will be many crosscurrents. The
improvement over the first six
months will be no one-way street.
Some industries will lag, or fall be-
hind. Others ere slated for better-
ment. Building has held up well,
and was the backbone of business
in the first half of 1954. The mo-
mentum generated should ‘carry
through the balance of the year.
(2) Also deserving of attention
as in line for continued high activ-
ity, or for improvement, are the fol-
lowing industries: Electric power
output, aircraft production, rubber
manufacturing, household equip-
ment, electrical equipment, petro-
leum, natural gas, shoes, and tex-
tiles. Even the sick coal industry
will enjoy some pickup from the
very depressed levels experienced
during the first six months of 1954.
(3) Due to slip further down, or
slated to show the least improve-
ment, are ‘the following industries:
Machinery, machine tools, railroad
equipment, metal fabricating, steel
and iron, and autos and auto parts.
In particular, auto output will not
match the first half, with competi-
tion keener in the last half than at
any time since the 1930's.
Sales and Inventories
(4) As in the case of general
business discussed above, sales pros-
pects will rule selective. With pur-
chasing power holding well, demand
for food products and soft goods
will remain at a brisk pace. The
public, however, have learned some-
thing about watching their pennies.
They have become more price-
conscious. For this reason, I pre-
dict that the mass distributors, such
as the grocery and variety chains,
will run ahead of the others sales-
wise, during the last half-year.
(5) Retail sales in general, al-
though about 4% lower dollarwise,
have held up during the first half in
terms of physical volume as dis-
counts and other concessions re-
duced the actual receipts. This is
encouraging since it shows that
consumers are still willing to spend
if the price is reasonable. In terms
of units, retail sales will hold up
through 1954. Inventories will con-
stantly be reduced during 1954.
The retailers who do best in 1954
will be those with the best parking
facalities for their customers.
Poltical Outlook
(6) I forecast that the more
liberal attitude on the part of the
Eisenhower Administration will
surely continue through November
and perhaps until the 1956 elections.
During the past six months rumors
have been spreading to the effect
that President Eisenhower will not
run again; but there is no agree-
ment at this writing by either party
as to who the next candidates will
be.
(7) The President has won his
conflict with Senator Bricker; the
House approved his Tax Bill! the
Taft-Hartley Labor Bill has been
shelved, to the relief of all; and he
has so far kept out of the McCarthy-
Army row. I forecast that for the
balance of the year he will leave
domestic affairs to his associates
and devote most of his time to help-
ing Mr. Dulles ward off trouble with
Russia and China, and avoid another
“Korea.”
(8) During the first six months
of the year a “New Look” has de-
veloped in connection with defense
expenditures. Appropriations for
foot soldiers and certain classes of
airplanes have been cut in favor of
atomic warefare and
guided missiles. Best authorities
agree that we will get more protec-
tion and fighting strength from this
change with less cost. As a promise
“to get our boys out of Korea” was
a great factor in electing Dwight
Eisenhower as President, he natural-
ly will hesitate to send U. S. foot
soldiers into Indo-China, at least
before the coming November
elections.
War and Peace
(9) There will be no World War
in 1954 started by Russia or the
U. S. A. In the last half of 1954,
however, the United ®tates will
move closer and closer to the
position occupied by Great Britain
during the 19th Century. The
United States will prepare to engage
in small wars anywhere in order to
prevent outbreak of a world con-
flagration.
(10) I predict that the United
States in the last six moths of 1954
may by-pass the United Nations and
try to form a “defensive” league of
nations interested in Southeast Asia.
The purpose: To keep the rice, tin,
into Communist hands. Most of the
arms and military know-how needed
by such an alliance of anti-Com-
munits nations in the Far East will
be furnished by Uncle Sam. This
means that cuts in arms expendi-
tures, already scheduled for the last
half of 1954 by the Administration,
may not be put into effect. The
Korean situation will remain about
as is—‘“much talkie, no shootie”;
but Indo-China will constantly be-
come a greater threat.
(11) Do not forget Europe and
the Midlde East. France is torn by
internal dissension and a blow-off
could come there any time. West
Germany is growing more impatient
with French bickering over the Saar
and over the formaton of a Western
European army including German
participation. Russia will strive
mightily to widen the split between
France and Western Germany by
holdng out the “bait” or reunion
between East and West Germany.
(12) Friction between the Jews
and the Arabs in the Middle East is
being encouraged by Communist
agents. The smouldering fires there
could break into flame at any time,
requiring a hurry-up call for Uncle
Sam’s fire department.
Stock Market Outlook
(13) Of course, some day the
market (especially the Dow-Jones
Industrials) will get a bad wallop
with very much lower prices. On
the other hand, this may not come
during the next few months. Up to
this time the high yields of stocks
have not appealed so much to in-
vestors, owing to the personal tax
on both dividends and on income
in general, Although stock yields
compared with those of twenty
years ago are higher if personal
taxes are not considered, yet when
these personal taxes are deducted,
today’s yields have not been at-
tractive.
(14) The new Tax Bill and the
increased buying for pension funds
and investment trusts have, how-
ever, increased the demands for
common stocks and could hold the
market up for some months to
some. I forecast that it will be very
important to make careful selections
of stocks. Don’t buy ‘stocks just
because they have gone off heavily
in price and appear cheap.
(15) Unfortunately, many small
concerns will find it more and more
difficult. to compete with their
big competitors. Not only can these
big corporations make goods cheaper
and have better means of distribu-
tion, but they can spend huge sums
on advertising, which a smaller
concern cannot do. This will be
especially evident during the next
six months. The companies which
will prosper most are those which
have inaugurated -effective labor-
saving programs. Manufacturers will
win only as they purchase new
labor-saving machinery, spend more
money on research and on well-
directed adversiting.
(16) Automobiles will continue to
be hard to sell and easier to buy
during the last half of 1954. Both
the automibile stocks and the cars
will be in less demand. There will
be more bargains in used cars, dis-
counts on new cars, especially cars
of the “independent” manufacturers.
HOW TO TAKE
THE FINANCIAL
STING OUT
OF ANY FIRE
(17) Canada will continue to
boom during the second half of
1954, but this may be a good time
to take profits on Canadian in-
vestments.
Money ,Inflation, and Interest
(18) When Mr. Eisenhower as-
sumed the Presidency with his Cab-
inet of “9 millionaires,” they pro-
claimed a new monetary policy which
would increase the value of the
dollar and raise interest rates.
Either fortunately or unfortunately,
the economic situation caused a re-
versalof this policy. The value of
the dollar shows no increase over
January 1st and this has been
hailed by Wall Street as a sign of
further inflation. Wall Street has
boomed certain common stocks ac-
cordingly. Interest rates during the
second six months of 1954 should
average about as at present.
(19) The fear of involvement in
Indo-China is strengthening the
commodity markets. This takes
some of the pressure off Secretary
Benson and those who have been
resisting increased tariffs. I forecast
an upward movement in many com-
modity prices—other than farm
prices—during the balance of 1954.
(20) Money supplies are on the
rise again now. They will continue
to expand during the last half. In-
RODDY
Is
READY...
WITH
“Ready-for-the-Road”’
Used Cars
Late Models Financed On
the Spot at Bank Rates
’50 BUICK Sup. 4-Door Sedan.
Standard transmis. $845
'53 PLYMOUTH Sub. $1495
1 owner; like new
Tr
5 DESOTO Custom $
52 4 Door Sedan. ____ 1445
y PLYMOUTH $
52 Cranbrook, 4-Dr. 1095
’5 3 PLYMOUTH $ i 345
Club Sedan
RODDY'S
Big Outdoor Show Place
Pierce at 1st Avenue
Kingston BU 7-0003
How many
“miles per
gallon” are
you getting
out of life?
onfidentially,
do you feel older than you look?
Are your spark plugs missing
a beat occasionally? Do you
feel that your own chassis
would get more. out of an
oil-and-grease job than
your car?
Then we have a prescription
for you. Come down to our
showroom and take a ride
in an MG. It takes just five
minutes, on the average, to give
you a new outlook on life; :
to find out why MG owners
are MG enthusiasts. In another
five minutes (if you can tear
your hands from the wheel),
we'll show you how the MG
can take a strain off your
pocketbook at the same time
it puts the fun back into
driving.
Bring along your favorite
front-seat companion. We'll be
glad to show you both, why
MG is the car for the young
in heart.
PAGE SEVEN
will be limited as our capacity to
produce is now large. Remember,
the surest way to squelch an in-
flationary fire is with a flood of
goods. Inflationary effects of the
expanded money supply could also
be nullified by the change in the
Government's method of collecting
the corporate income tax. The new
tax law may put the large corpora-
tions on a pay-as-you-go basis,
squeezing their cash holdings.
flare-ups that may take: place
as a result of war scares, big
or little, will not be long-lived. They
will definitely be dangerous to fol-
low up. A word of warning: Don’t
get drawn into any speculative
moves in commodities or stocks
based on the outbreak of a small
war. If the need arises, our Govern-
ment will move with lightning swift-
ness to put controls into effect.
(Continued Next Week)
LINCOLN
Convertible
1953 MERCURY
Monterey Hardtop ...
$1995
1953 M. G,
1953 FORD
2-Dr. Sedan
1954 MERCURY
Convertible
1951 MERCURY
4-Dr. Sedan
1949 CADILLAC (62)
4-Dr. Sedan
$1295
S145
1951 OLDSMOBILE
Holiday Hardtop
Turn in That
’46 Nash Sedan
’46 Ford Tudor
Old Bucket of
door Sedan
’47 Ford Tudor
Sedan
’49 Olds ‘8%’
1950 Ford Conv.—Radio,
1951 Chevrolet Tudor
Heater
1951 Ford Vietoria—R-H
. 1095
Overdrive
1375
17935
1951 Ford !; T. Panel
1947 Ford Stake 115, T
Finance
Be Sure!
Charge
A-1 Sure!
BU 7-1155
Luzerne, Pa.
BU 7-4264