The Daily Courier from Connellsville, Pennsylvania on January 7, 1938 · Page 20
Get access to this page with a Free Trial
Click to view larger version
January 7, 1938

The Daily Courier from Connellsville, Pennsylvania · Page 20

Publication:
Location:
Connellsville, Pennsylvania
Issue Date:
Friday, January 7, 1938
Page:
Page 20
Cancel
Start Free Trial

Page 20 article text (OCR)

PAGE TWENTY. THE DAILY COURIER. CONNELLSVILLE. PA. FRIDAY, JANUARY 7, 1938. Every Manufacturer Potential Customer, He Says in Forecast Labor and Politics-Proof i c °unfy_WHI Save And Against Inflation And War. DIVERSIFICATION GREAT ADVANTAGE By ROGER BABSON BABSON PARK, Fla., Jan. 7.--The chemical business is my nomination for the "Industry of 1938." Each January first I like to select an industry which will be n leader during the new year. In 1936, building had my vote. Last year I picked aviation. Now, for the year 1938 my choice is chemicals. Its research progress, its all-inclusive diversification, its conservative management, and its protection against war, inflation, politics, and labor qualify it for such a nomination. The making of this selection is not based primarily on the market performance of stocks representing companies in the industry. My choice is based on much more fundamental reasons. Moreover, the nomination cJ the chemical industry is not any sudden discovery by me of the tremendous part it is playing in our modern age. It is simply recognition of the fact that in a year of irregular business, the shorMerm stability and the long-term growth of the chemical business should make it an. outstanding industry. Mean -Diversification. Our current civilization can/truly be called a "chemical age." .-Every large industry, is a growing customer of the chemical makers. Their sales swing up faster whenever there is an upward surge of general business. Moreover, their volume docs not suffer as drastically during recessions. Wool made from milk, roads from cotton, cloth from glass, paint from soy-beans, cosmetics from oats, vegetables in tanks are a few of the new processes which the chemists have recently discovered. Because of their research work and the vast range of their products, chemical manufacturers represent "one-industry diversification." This is the first reason for my enthusiasm. · Chemistry is the "father of all industries." That is another reason why I am so enthusiastic about this group. Writers have played up the future wonders mentioned above to the neglect of the industry's everyday business. A new plastic or a novel synthetic substitute for rubber or leather puts romance into the industry. But these are long-range developments. Even without this further progress, chemists already have built up a vast backlog of "bread-and-butter" demand for industrial essentials. Caustic soda and soda ash are indispensable raw materials in the soap, rayon, paper, textile, glass, petroleum and other industries. Every Industry a Customer. Every branch metal industries capped without a plentiful supply of the oxy-acetylene gases used for cutting and welding. Important consumers in this field include the automobile, railroad, construction and machine tool companies. Even if further competition is offered by electric welding, the acetylene method is constantly working out new applications. Coal and copper mining require great volumes of explosives. Carbon black is necessary for making automobile tires. New construction and home improvement should boost the demand for paints and lacquers. Medical requirements maintain a steady outlet for medical chemicals. Plastics are finding their way into automobile, building and various other fields. General business activity requires commercial alcohol as its standard solvent. Even the .food and grocery trades are calling upon the chemists. It is truly the universal industry. This is the second reason for my enthusiasm. "Labor-Proof," "Politics-Proof.' Not only today's prosaic needs, but tomorrow's irresistible demands are crowding business toward this grow- $150,000 by Close Of Monaghan Cases UNIONTOWN, Jani 7.--County officials are heartily in accord with the nol pros action granted in Pittsburgh Monday in the cases of remaining defendants who had been j awaiting trial in the Monaghan case. just about $150,000," said Commissioner John W. Rankin. ."There was no use in going ahead with the prosecutions and the commissioners took the stand that It would have been a needless expenditure of money that the taxpayers' of this county could not stand." . "I'm going ti call District Attorney Andrew T. Park in Pittsburgh and congratulate him on the promptness with which he disposed of these cases," said Controller Robert Montgomery. "It certainly saves the county a lot of money that could not have been afforded had the prosecutions continued." of the steel and would be handi- Manly Pride Assuaged. HUTCHINSON, Kas., Jan. 7.--Delmar Albcrtson didn't have any "fellows" to play with at the Liberty rural school which ho attended, he changed to Keddie, District 103. "All I had to do was sit and watch the girls play on the - merry-go- round," he-explained. ing industry. Unruly labor, cumbersome overhead charges, sharper competition, necessity for speed, quicker style changes--are all aiding the chemicals. Perhaps the most important of these factors today is the urge on the part of many employers to make their business "labor-proof." Most people do not think of it in this way, but the chemical industry sells more "labor-saving machinery" in the form of new processes every year than the machinery-makers themselves! Unlike mechanical methods, chemical processes give you more product without much.more labor. Chemicals never sit down. Throughout the industry labor.costs represent only 20 per cent of the value added to the product by manufacturing as compared, for instance, with 50 per cent in textiles. It is winning bigger volume through lower prices made possible by greater efficiency. Late 1930 was the first time since 1923 that chemical prices had been boosted. The current slump has started prices down again and the outlook is consequently better. Moreover, the industry is too complex and nimble to be an easy stick-up for politicians. This "labor-proof" and "politics- proof" feature is a third reason for my enthusiasm. Against Inflation and War. Furthermore, the industry is fortified by two more hedges in addition to those already mentioned. First, if the smoldering fires of inflation blaze again, the industry should be among the best of heavens for capital. Sec- ! ond, I see no probability of a general European war in 1938. However, with world conditions as unsettled as they arc a "war proof" industry naturally 'is popular." Certainly, the chemical makers would be running full-blast during a war period. Hence, while the business seems to be in a position to benefit from good news, it is also well-protected against disasters. This is a fourth reason why the'industry and its securities are so popular with me. Of course, for these four reasons chemical stocks usually sell high in- relation to their earnings. Investors are willing to pay a much bigger price for chemical shares. Moving- picture stocks sell at about eight times annual earnings per share, oils at twelve times profits; while chemicals arc customarily priced at twenty to thirty times earnings. With'the outlook for better business later in 1838, the chemical industry will be a real leader. Stocks of established concerns in this "Industry of 1938" should be included in every investor's list to provide balance, stability, and long-term appreciation. EXCUSE IT, PLEASE! Panay Survivors Taken to Safety Aboard Junk Chinese jnnk on Yangtze with Prmay survivors aboard Another of those dramatic pictures of the bombing of the U. S. gunboat Panay showi survivors of the gunboat aboard a Chinese junk on the Yangtz* river headed for Hankson. Bear Run BEAR RUN, Jan. 7.--Acie Miller and Richard Stark visited the former's uncle, Herbert Fike, at Uniontown Friday. 'Roy 'Friend and Orville Miller were in Connellsville Friday. . . Mr. and Mrs. Arnold Stull of Jones Mills visited the former's parents, Mr. and Mrs. Jacob Stull, over the week-end. Mrs. Roy Friend, accompanied by Mrs. F. D. Krepps of Stewarton and Mr. and Mrs. Frank Krepps of Grecnsburg attended the Strollers' matinee at KDKA on Monday. Mr. and Mrs. John G. Sleightcr and family of Connellsville visited Mr. and Mrs. Earl Skinner Sunday. Mrs. Acie Miller attended the funeral of her aunt, Mrs. George Shipley, at Ohiopyle Sunday. . Miss Edith Hall has gone to Youngstown, Ohio, to stay with her brother-in-law and sister, Mr. and Mrs. Albert Stull, for a few weoks. Mrs. Stull is improving from a recent illness. Mr. and Mrs. Dewey Miller and family visited Mr. and Mrs. Ray King at Ohiopyle Sunday. Mr. and Mrs. Earl Skinner attended the funeral of George Daniels at Maple Summit Tuesday. Mr. and Mrs. Irwin Dull, Jr., of Springfield pike visited the latter's parents, Mr. and Mrs. Lloyd Hoy, Sunday. .1 didn't have enough rope to tic 'cm both up! Drug Co. will giro $1.00 ivorth of "medicine to ouch family In response to this ml. W E W A N T every family lohaveabottleof this grand old In. dian Herb medicine. To prove the value of (hit wonderful pleasant tatting product of N a t u r e , y o u r Druggist has a- Krecd with our Laboratories to m a k e you this liberal offer. In the t r e a t - ment of Stomach, Gall bladder. Liver and Kidney troubles you will bedelichtedwlth ics mild thorough ruulu. Within eight hours it will usually drive poisons from the body that are black is ink. Rheumatic and Neuritis pains and ·chc« tvill as a rule start to disappear the ir.cond or third day. Swellingahd stiffness usually requires eight te» ten doses. However, Bloating. Indigt *ion and Gas in the stomach ire uiue'.y relieved with but one dot^ Regulation cf the Bowels is most important and you can usually depend on full and free elimination within eight to *en hours after taking the first dote This special offer is good Friday and Saturday as well as alt next week, or until our present stock is exhausted. Each person will be limited to three bottles as we want this special offer to benefit as many families as possible. You wi|l receive the large $1,50 family sited (3 weeks treatment) for only 49c. The saving of $1.01 to you b made possible by the co-operation of your Druggist with our Laboratory and is good only while this present stock lasts. Sequoia Indian Herbs is sold to you on nn absolute money back guarantee. If you are not entirely satisfied with results, your purchase price will be refunded. Mail orders loe extra . Laughrey Drug Co. 112 South IMttshiiri? Slreel. Plione Soft. LINENS * COTTONS ACETATES * SPUNS Tho slyles o! today with a though! lo lomorrow...for young busy. bodios or clay-al-honios. V/hothor YOU saunler In town, skip on Iho beach, roam tho campus or gadabout lo walch Ihe gamo . . . Jhoy trdnsporl you al cnco InJo tho brilliant Spring rr.odo ahoadl Artfully Ingenue or srr.arlly sophisllcaiod, wilh ihe spice ol unusual pallomc, blazlnq.or subtle color* and a wealth cJ details lo endear ih«m lo youthful lancyl H O L L Y W O O D S/ioppe ISO Jfort.il Plltsliuri; Street. I'lione I S7«. Perryopolis PERRYOPOLIS, Jan. 7.--Mr. and Mrs. A. H. Waugh and son, "Sonny," of Cleveland spent the week-end with Mr. and Mrs. Butler Waugh. Mr. and Mrs. Paul Luce and Dr. and Mrs. Ralph Cox attended a New Year dinner and bridge party Saturday evening at the home of Dr. and Mrs. McClain Post of Smilhton. Alien Hankin and Charlotte Dixon of Dorry spent the week-end with Miss Rosetta Duft. Miss Amanda Baker returned to South Mountain after a few weeks with her parents, Mr. and Mrs. Fred Baker. Mr. and Mrs. Kenneth Baker, Miss Beatrice Baker and her mother, Mrs. Fred Baker, visited Mr. and Mrs. Harry Hcaly of New Kensington on Sunday. The alumnae of Perry High School held a meeting Monday night at the home of Miss Alta Pore. Plans were considered for another dance and a skating party. Definite dates will be announced later. This week and next a scries of meetings will be held each night in the Christian Church. The soloist is Rollo Barndcll of Uniontown and the speaker is Rev. Alfred McCloy of New Salem. ROTARIANS SEE j RUBBER PICTURES Motion pictures of the manufacture of automobile tires made up the program of the Rotary Club luncheon Thursday. Arranged by Principal E. Stanley Phillips o£ the High School, a Rotarian, they were shown by David C. Cuhl o£ the High School faculty. Last Thursday the club listened to most interesting travel talk by Miss Elizabeth B. Hupp, former Latin teacher in Dunbar Township High School. She related briefly many incidents o£ a trip of several months' in France, Italy, Algeria, Egypt, Turkey and the Holy Land. "I may not be a better American than before but I certainly am a more thankful one," said Miss Rupp in comparing conditions here and abroad. New Rail Speed Sought. CREWE, England, Jan. 7.--London Midland and Scottish Railway officials are reported to be planning to set up a speed of 125 miles per hour with their Coronation locomotive. The present record is 114 miles per hour held by the L. M. S. The Coronation engine was the first of a scries of streamlined engines. M E N ! Saturday is the last day of the S A L E IT ow g o i n g : on in the M e n ' s Department of our Continental Store! Prices are S l a s h e d ! »24.60 UP TO $42.00 VALUES »1».60 UP TO WiOO VALUES OFF OFF 52.00 Vnlucs" $"f .59 FAMOUS SHIRTS AT REMARKABLE. SAVINCS* *1-7S UP TO $4.» VALUE* OFF H.B5 UP TO »16.80 VALUES--ALL WOOL $1.00 UP TO W.2 VALUES V.50 UP TO «32.BO VALUES ...Y4 orf MEN'S DEPARTMENT CONTINENTAL STORE

Get full access with a Free Trial

Start Free Trial

What members have found on this page