The Olney Enterprise (Olney, Tex.), Vol. 36, No. 11, Ed. 1 Thursday, April 25, 1946 Page: 4 of 12
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The Olney Enterprise
THURSDAY, APRIL 25, 1946
“How aboi%^
a Coke P”:
Bitter Creek News
By Reba Wade
Rev. Mr. Harrison preached for
the Lone Oak and Bitter Creek
Sunday School at Lone Oak Sun-
day afternoon.
Donah Waldon has been sick.
Myrl Perkins visited in the W.
C. Chambers home.
Mrs. Ji mFields who is visiting
her daughter, Mrs. W. R. Perry
of Olney, spent Saturday and Sun-
day in the home of Mr. and Mrs.
A. C. Chambers.
Mr. and Mrs. Lutrell Escue
VETERANS ATTENTION
Regular Meetings
2nd and 4th
Thursdays
Special Meeting
Thursday
Aqril 25 2000
Refreshments.
Gray-Barr Post No. 414
New Home Odd Fellow's Hall
are visiting his mother, Mrs. Ruby
Escue.
Mr. and Mrs. A. C. Chambers Jr.
are home for a few days. He has
been stationed in El Paso.
Mr. and Mrs. Elzie Hann and
family attended the all-day picnic
and Easter egg hunt at Spring
Mrs; Ella Gray and Mrs. Beth
Weems and baby of Ilney visited
Mrs. Addie Carter.
Mrs M. J. Cone and son Darrell,
Mrs. Hasssell Cone and children,
Gean Ann and Tommie were here
visiting Mr. and Mrs. E. H. Wade.
Marie Rogers spent the weekend
in Seymour visiting relatives.
Mrs. C. D. James entertained
her Sunday School class with an
Easter Egg hunt.
Reba Mae Wade is in Wichita
Falls for a few days with her sis-
ter, Mrs. M. J. Cone.
Mrs. Bonnie Escue and children
were her visiting her mother.
parents, Mr. and Mrs. C. O. Snod-j Easter holiday visitors here in-
cluded Miss Bessie Groves and
Mis Eloise Partain who visited
Mr. and Mrs. Walter Partain.
Headquarters
For Auto Parts, Home Appliances,
Tires, Mechanics’ Tools, etc.
— u........-vl-1
WHITE nUTO STORE
C. D. Ashenhurst, Owner
Better Values for Less Money
MEGARGEL NEWS
By Charliene Snodgrass
Miss Elizabeth Cook became the
bride of S. J. Moss Jr. Tuesday,
April 16 at Graham.
The bride wore a blue dress
with matching white accessories.
Odell Bishop was best man. The
bride’s attendants were Leatrice
Tedrow, Dessie Lee Cook and
Mrs. Jack Pierce.
Moss was recently discharged
from the Navy and is the son of
Mr. and Mrs. S. J. Moss Sr. of
Megargel. The bride was a stu-
dent at Megargel High School.
The couple will make their home
in Megargel.
A bridal shower was given for
Mrs. Wanda Batey Saturday in
the home of Mrs. T. B. McWhorter.
Mrs. Harley Heath and Mrs. C.
O. Snodgrass were in charge of
the program presented.
Mrs. McWhorter and Mrs. Edd
Shelley were hostesses for the
occasion. Twenty guests were
present.
Mr. and Mrs. Batey left Sunday.
They will make their home in
Plainview.
James Kunkel from A. and M.
College visited his parents.
Pvt. Lawrence Harmel and his
wife and small son returned Fri-
day to his post, following his 15-
day furlough.
Mr. and Mrs. Vern Teg and
daughter from Seymour visited
Miss Fannie Mae Byrd.
Mr. and Mrs. B. T. Rogers and
daughter of Graford visited her
parents, Mr. and Mrs. L. C. Young
L. T. Young and wife and Miss
Fannie Mae Byrd visited Mr. and
Mrs. Earnest Chapman of New-
castle.
Mr.' and Mrs. I. C. Sherley and
Peggy of Wichita Falls visited her
grass.
Chester O. Hart of Jacksboro
is visiting his brother and family,
Mr. and Mrs. Herscheel Hart.
Mr. and Mrs. Bud Shelley and
Dale of Archer City are visiting
Mr. and Mrs. Ed Shelley.
Mr. and Mrs. Pete Lisle and
April of Olney visited the R. H.
Busby’s.
Mr. and Mrs. C. C. Cunningham
of Arlington visited his parents,
Mr. and Mrs. A. I. Cunningham.
Mr. and Mrs. Hall Branch of
Dallas visited his parents, Mr.
and Mrs. J. I. Branch.
Mr. and Mrs. H. R. Branch and
sons visited in Breckenridge.
Miss Lillian Howe underwent
an appendectomy at the Seymour
Hospital last Monday. She is re-
ported doing nicely and will re-
turn home Monday.
Early Saturday morning Pat
Pastusek’s smokehouse burned-
Damages were estimated at $1200.
Mr. and Mrs. R. L. Smith and
R. M. Heath and family of Qua-
nah visited Dr. and Mrs. John
Wood.
Estell and Louise Sycora of,
Fort Wortfy visited their father,
Vincent Sycora.
Try Enterprise Want Ads.
Mr. and Mrs. Earl Williamson
were in Little Rock, Ark., visiting
their grandson, Stephen Nelson
Burton.
jo*
r*-'!
& ©®°®,
fo* *oW!
Here’s a real opportunity for the young man who wants
a good job with a future. An Army job is a steady job offer-
ing good pay, the highest security, every opportunity for
promotion and a chance to see the world. You get valuable
training in technical skills, good food, clothing, quarters and
medical care free. If you go overseas, you get 20% extra pay.
You can retire at half pay after 20 years or retire at three-
quarters pay after 30 years. And you get a 30-day vacation
at full pay every year! Many other advantages not offered
elsewhere. If you are 18 to 34 and physically fit (or 17 with
parents’ consent), you can enlist now and qualify for one of
these fine jobs in the peacetime Regular Army. You owe it
to yourself to get all the facts NOW! Apply at
U. S. ARMY RECRUITING STATION
215 Post Office Building, Wichiia Falls, Texas
W/iaf is your GUESS
fr on our projits... Nr
Sometimes, although an idea is wrong, it does no harm. Like the
idea that a square jaw is the sign of will power. That winters
aren’t as severe as they used to be, or that red hair denotes quick
temper.
But there are other wrong ideas, which are definitely harmful to
public confidence in and understanding of industry. One such
idea is the current "guessing” about profits made by large busi-
ness organizations. «. •
Many people are apt to grossly exaggerate the money made by
business. So Opinion Research Corporation (an independent
organization) made a survey to learn just what the public thinks
about profits. Compare these guesses and yours with the Inter-
national Harvester profit figures given below.
©©©©©©
Public guess on war profits .. 30.0$
/T\ I H four war year
\§J average profit . . . 4.9$
In this survey, the average of the
guesses by the public of the war-
time profits made by industry was
. . . thirty per cent (30%).
But in the four war years of
1942, 1943, 1944, and 1945, the
profits of International Harvester
Company averaged only ... 4.9%
on sales. Less than one sixth of
what the general public "guessed”
for all industry.
For this period, the year by
year per cent of profits on sales
was: 1942—7.34, 1943—5.59,
1944—3.95, 1945—3.93.
©©©€>
Public guess on peace profits 18.0$
I H four pre-war year
average profit . . 7.17$
In the four peace, years of 1938,
1939, 1940, and 1941, the profits
of International Harvester Com-
pany averaged . . . 7.17%. This is
well under half of what the public
Vguessed” for all industry.
©FA,R® ©,H€>
Majority think fair profit
in normal times is.....10$
I H ten-year average is less than 7$
The survey indicates the public
knows that in our economy prof-
its are indispensable. And the
majority regard 10% as a fair
rate of profit in normal times.
Many large businesses, including
ourselves, would consider it a
banner year if we could reach
this figure. Our average profit for
the last ten years—four war and
six peace—was 6.43%—more than
a third less than what the public
considers fair.
All these figures show that our
profits are not high. As a matter
of fact, the entire farm machinery
industry is a low profit industry.
In 1944, the Federal Trade Com-
mission published a list of 76 in-
dustries ranked in order of their
ratio of profits to sales. The farm
machinery industry was 57th on
the list.
What About Current I H Prices?
When the War ended and we
planned our peace-time produc-
tion, we had hoped to be able to
serve our farmer customers at the
same level which has held since
1942, regardless of war-time in-
creases in costs of wages and ma-
TAXES. PROFITS, ETC.
terials up to that time. But re-
cent developments have forced a
change in our plans.
Wages and materials consume
nearly all of every dollar Har-
vester takes in from sales. A Gov-
ernment board has recommended
and the Company has agreed to
pay a general wage increase of 18
cents per hour for Harvester fac-
tory employees. The Government
has also allowed price increases
on raw materials which we pur-
chase in large quantities. Steel
has had an average increase of
8.2%.
'1946
OUTGO
There has been no general in-
crease in our prices since they were
frozen by the Government early in
1942.
So our situation today is that
what we BUY costs us 1946 prices.
We will be paying average hourly
wages 56% above 1941. For what
we SELL we get only 1942 prices.
This condition cannot long be
met out of our present low rate
of profit.
• •
Future Prices on I H Products
It is plain that price relief will be
needed to meet the increased
wage and material costs which
we must carry.
We regret this necessity. We
prefer to lower prices, when pos-
sible, rather than raise them and
we know our customers prefer to
have us do that. We had hoped to
be able to "hold the line,” at least.
But we do not see how we can
avoid operating at a loss if our
prices continue to remain at their
present frozen levels. We will
NOT "cut corners” on any of our
products, because QUALITY IS
THE FOUNDATION OF OUR
BUSINESS.
Our customers can be certain
that we will seek no more than a
moderate profit, both because of
our policies and because we have
approximately 300 competitors
fighting us vigorously for your
business. Our request for price
relief will be no more than is nec-
essary to insure continued service
to our customers, continued work
for our employees, and a reason-
able return for our stockholders.
INTERNATIONAL
HARVESTER
i : i
Thanks,
Young County Farmers
For Your Cooperation
That Makes Olney’s
Dairy Day a
Success ....
We realize that it's your interest and your
cooperation that makes the annual Olney
Dairy Show the fine success it is.
And Dairy Day or Any Day
that you are in Olney, why not come in to
see our new furniture lines We want you
to visit us often, feel at home in our store.
We have furniture styles that will attract,
and values you’ll find mighty pleasing.
You buy good furniture and buy it wisely
when you shop here.
f
PP61
m
LUNN FURNITURE
and Undertaking Co.
110 East Main
Phone 333
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Evans, Alfred. The Olney Enterprise (Olney, Tex.), Vol. 36, No. 11, Ed. 1 Thursday, April 25, 1946, newspaper, April 25, 1946; Olney, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1132710/m1/4/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Olney Community Library.