The Clinton chronicle. (Clinton, S.C.) 1901-current, December 29, 1966, Image 4
Babson...
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THB CLINTON ^HRONTCLB
Clinton, S. C., Thursday, December 29, 196S
(Continued from l^age 1)
16. I Wecast that scarcity
of credit will continue to be
a problem with which business
must contend in the early part
of 1067. The money managers
'should keep enough credit
available for legitimate bus
iness needs, but 1 expect no
early radical easing of credit.
17. Hpjaever, I do foresee
enough of an easing in credit
to permit more orderly mon
etary conditions. If the eco-
onornic situation falters bad-
, ly, money rates will, of course,
move downward sharply.
18. I predict that commer
cial and industrial building
wlil trend lower in 1967, re
flecting the tapering off in
capital outlays.
19. Mortgage money should
remain scarce in 1937. Hence,
residential building should see
another disappointing year.
20. 1967 opens' with the
L:
y
Maj. Norris Dendy Awarded
Medals for Vietnam Service
mensurate with the gain in whole program will be sub
gross pay. Jected to tighter suoervision.
28. Retail trade held up well 4 7. As 1967 wear along, the
in 1966,, but there was a note high hopes for more construc-
of lethargy throughout the live conservatioR action by th t
year. The pattern is not ex- 9°th Congress will give waj
pected to 1 show much change to increased doubts as a leg
in 1937 . . . with gains in dol- islative i stalemate develops
"lar volume largely reflecting Republicans will have enougl
price inflation. Though con- strength to stop the most lib
sumen^kwill have more money era l Administration bills, but
to spend, tight credit, high not enough to launch a pro-
borrowing costs, and higher 8 ra ni of their own.
price levels should cause 48. There will a lot of talk
some tightening of purse in 1967 about the economy’s
strings. ‘ “still growing". But I warn
29. Spending for food, appar- readers to examine carefully
el, and general merchandise l ^c advance in Gross Nation-
should be greater in 1967. Al- al Product which I am fqre-
so. consumers will devote a cas ting here. Biggest part of
goodly portion of their spend- tho increase will come from,
ing budget for leisure activi- higher prices and wages,
ties, vacation, and travel. 49. I foresee thatf a breath-
30. Durable goods may not in « S P° 11 in the economy can
fare soj well. Demand for Prove helpful. The prolonged
home appliances, color TV prosperity has bred waste,
and furniture may be l axn ess, and inefficiency.
Miss Sadler Is Snowball Queen
sets, _ ,
hampered by tight credit and These ean he corrected only
Major Norris F. Dendy college. Major Dendy entered high borrowing costs, plus the hy a return to fundamentals,
building of single homes, in a (right,, son of Mrs. Amanda on active duty in August 1953. lethargy in new home build- ust as , e uman b°d> re
state of crisis. Starts are down James, 507 Centennial St., He is a 1949 graduate of quires adequate rest in order
40',c from year-earlier levels. Clinton, receives congratula- Bell Street High School and 31. I forecast a decline in a enjoy proper alth, so too
As a result, I forecast that tions, the Bronze Star Medal received a bachelor qf science nt>w au to sales. However, with 0 economy. anc * me stock
the Administration will leave and the Air Medal from Col- degree in 1953 from Agricul- the increase in the popula- market as well > mu ' ;t under *
no stone unturned to stimu- onel John D. Sapp, secretary tural and Technical College l‘ on °f driving age, and with g° perio ic resting pnases.
late construction of homes as and class director qf the Ar- at Greensboro, \. C. He re- the record rate of personal in- 50. As the economy cools off
soon as possible. At best, my Command and General ceived his commission through eome, new car sales could hold in 1967, readers ■ should be-
Edward Campbell, president of
Clinton Camp Fire Girls, Inc., is
shown above crowning the new
“Snowball Queen,” Miss Julia Sadler,
Looking: on is retiring queen, Miss
Lucille McSween, and members of
the Horizon Club Cabinet. Pictur
ed from left to right are Kathy Bouk-
night, Ginger Gault, Teresa Foster,
Miss McSween, Barbara Pitts, Pat
Davis, Mr. Campbell, Miss Sadler,
Kayran Cox, Virginia Rogers, Linda
Suddeth, and Carol Perry.—Yarbor
ough Photo. \
t
JULIA SADLER IS CROWNED "SNOWBALL QUEEN"
Miss Julia Sadler, daughter red tapers, and Christmas Christmas gifts arranged by
Dr, and Mrs. Rufus E. greenery. Adorning each of the Tuberculosis and Health
however, it may be midyear Staff College at Ft. Leaven- the Reserve Officers’ Training within 10 per cent of 1966’s. ware of reassurances that our^ adler Qf 205 Calvert Avenue the wall lamns were soravs of Association, according to Mrs.
or after before this important worth, Kan.. November 28. Corps program at the col- 32. Soaring living costs will Problems are only temporary . „ t. c t ' William F. Mauldin, who
part of our economy can con- Major Dendy received the lege. hit the headlines more often and w * d soon he followed by 1 onzon pine entwined with alternating serves as chairman of the
tribute much strength to over- awards for outstanding mer- —-— : 1 in 1967. Ire will be directed f decade of boom conditions, ^'ob Snowball Queen at Christmas lights and rod rib- patient Services Committee.
all business. itorious service in combat op- year in which many manage- inost strongly at runaway ser- The promised land may be their annual Snowball Dance, bon. Centering the ballroom Mauldin stated that
21. Although new^ housing erations against hostile forces ments will be fighting a “rear- v j ce expenses — especially onl ^ across the river, but it Friday evening, Dec. 23 at vvas a huge sequined mistle- ^ Christmas gifts were pro
starts may remain in the dol- in Vietnam from June 1965 guard'Jjiction to control climb- medical — and at advancing >is al ways wise to test t h e the Mary Musgrove Hotel. 100 bal1 suspended from the vide( j by the McKissick Club
drums for most of 1967. 1 con- to May of this year. ing labor costs. The defense red m eat prices. de P th of th c water before wad- Ed Campbell, president of the ceiling. Garlands of greenery the Iris Garden Club and ^
fidently forecast that the year Presently a student at the buildup will maintain hiring Despite new hinhs in the ing in ’ That is behind my fore ' Clinton Camp Fire Girls, Inc., accented other points of in- u C1 b f Green ’ ood She
will see the beginning of a Pressure in some industrie^’ of Sg.TpS there cast T*' 967 wil1 b * a fod crowned the new queen along terest. S that with the help of
great boom in the construction crossroads as the new year but even more activities will win bti many sit;ns o{ defla _ - vear for businessmen and in- w ,th 1966 Snowball Queen, 1 h e refreshment table was clubs and j nterested g roups
of new, modern nursing opens. Things never looked be wielding the paring knife. i(m in ^ midst Qf innation vestors \o have strong confi-M iss Lucil i e McSween, daugh- adorn ed with an artificial ift and remembrances were
homes. better for naiUng down rec- I forecast that the net result ~ ief amon g thes ‘ be dence for the future, but to ter of Mr. and Mrs. Harry Y. 8 ()ld arrangement flanked on ^ . her comi ^ ittee to hos .
22. Despite President John- ord wage and fringe gains: will be a rise in unemploy,, profits rising ^ proceed with caution and re-McSween. either side with two three- pita , patients throughout the
son’s request for cutbacks, however, neither the public m cnt next year. ruptcies”and foreclosures. straint until the uncertainties The evening’s festivities and branched candelabra with year
public construction should en- nor the Congress is in any 26. I do not look for price ^ T ndustria i p 0mmn Hit v -i Ust ahead have been resolved, decorations were planned by burning tapers accented with ‘ The cbairman pointed out
joy a fairly good year; the mood to tolerate long, costly, and wage controls in 1967, un- , ices should bp Jirm tQ .. , y * the Horizon Club cabinet miniatur e red poinsettia bios- that the work Qf the Patient
emphasis will be on bridges, and inconvenient shutdowns, less our defense expenditures h . Selective p r i c e Prayer GrOUD composed of Misses Kathy soms. Services Committee is another
tlams, and water and sewer I freely predict that there is rise far above what is now mark will be neces P sarv to w/-/, J... Bouknight. Ginger Gault. Te- dancing was enjoyed to the health s ^ vice provided by
systems. more likelihood in 1967 of re- contemplated. r offest wage hikes"^ 1 ' ° ^ rS * resa Foster - Barbara Pitts, ™ US1C ot ^e ^ 1 0 lla ® e 1 rs l ot th e Tuberculosis and Health
23. The expected declines strictive labor.legislation than 27. An encouraging aspect of ' ’ Mrs. Raymond Pitts’ group Pat Davis, Julia Sadler, Kay- Un ; on - lrom 8 to 12 o clock. Association and made possible
in residential building and in at any time since Taft-Hart- thel967 outlook is the afflu-". I rofits began to wobble f or >co ttage prayer services ray Cox, VirginiA Rogers, Chaperones included club by donat j ons to The Christmas
commercial and industrial ley was put on the books. Un- ence of consumers. I forecast ln lae final hall of 1966. I am p r j or to the Laurens County Linda Suddeth, -arid Carol advisors and parents of the Seal Gampa ig n others serv-
building notwithstanding, I ion chiefs are aware of this, a further upward trend in per-'' con ' inced l b at hesitancy will Crusade for Christ, will in-Perry. Horizon Club girls. j ng witb Mrs Mauldin are
forecast that waterfront prop- and they may act with more sonal incomes, due to higher margins will come from soar- c i ude E Carolina Avenue, A Christmas motif was ‘ Mrs. Hiram B Morgan of
erty will remain a good infla- strike restraint than most wage rates. However, if taxes year ahead. Big squeeze on Jones street, Holland Street, carried out in decorating the TR Pnfipnfc Ware Shoals who is rn
Bon hedge. people now expect. are raised, take-home pay ^ way to decll ^ da ” a g ^e stonewall, S. Adair and Lib-ball room and the refreshment ‘ chairman Mrs. J R. Abnev
24. Labor stands at the 25. 1967 promises to be a may not show a rise com- ing cos t s > especially labor. erty Services will b e held area. The ballroom was ap- Receive Gifts and Mrs. C. Bruce Barksdale
36. But porfits results will each Tuesday and Friday pointed with small tables All tuberculosis hospital pa- of Greenwood, and Miss Bet-
also vary widely from one morning at 9:45 beginning placed around the room cen- tients from Laurens a n d tie W. Richards and Mrs.
company and one industry to Tuesday. tered with hurricane lamps. Greenwood, counties received Fred E. Medlock of Laurens,
another, as sales volumes sag,
hold, or advance. For exam-
>/// // //?/B U U /Vnv'\ \\v^\\ V ^
NOW GOING ON
DRASTK REDUCTIONS
ON WOMEN'S AND CHILDREN'S
ON
Self-Service Racks
NOT OLD STYLES - NOT OLD STOCK
FRESH CLEAN STOCK - THIS SEASON'S
(No refunds or exchanges —All sales final)
TIME IS
SHORT
Inventory Coming Up—We
t . '
Mean to Sell Every Pair
and They're Priced Low!
THEY
MUST
GO!
Shop Laurens' Most Modern Shoe Store For the
lowest prices anywhere oh name brand shoes!
DOUG BROWN'S
SHOE STORE
Ey SIDE SQUARE-LAURENS-PHONE 984-4903
pie, I am willing to “stick
my neck out” and say that
oil companies will enjoy a
sales rise, but that the auto
makers will be struggling tvith
S volume slump all year.
37. The combination of fess
vigorous business, pinched
profit margins, and stringent
credit conditions points to an
increase in business failures,
shaking out the financially
weak and inefficient.
38. Collections may be more
difficult in 1967 on business
accounts, consumer install?
ment and charge accounts,
and mortgage debt. I fore
cast a further rise in nonfarm
real estate foreclosures.
39. Barring crop failures/ 1 !
forecast another good farm
production year. Farm prices
higher in 1967, but higher
should rule firm to slightly
higher in 1967, but higher
costs may result in a slight
drop in net realized farm in
come.
40. Nevertheless, farm
equipment manufactur
ers should enjoy good busi
ness. Sales of fertilizers and
insecticides should post gains.
41. 1967’s stock market pro
mises to be one of vicious
selectivity. I am expecting
the old aristocracy of blue
chips based on past perfor
mance to be replaced by a
<*npw aristocracy of super-able
management based upon
hqpes of good future perform
•mance.
*■ 42. I forecast, however ,tbat
1937 will still hold .many dan
gers for the speculator. I
urge readers not to borrow
•ipMoney to buy stocks, and I
' oftge investors to buy for
"growth and basic investment
values.
43. The safest kind of long-
..tej^m bonds are available now
at“ prices affording very close
'the highest income returns
qf the century. It is a good
Tjel that there will not be so
.many top-grade issues on the
'bargain counter at the end of
-L'lj?. Should the 90th Con
gress beast income taxes,
tax-exempt bonds will put on
the best performance.
44. Wdrld opinion on the fu
ture price of gold has blown
hot and cold many times in re
cent years. Though lately in
the shade, I predict that gold
will again be in the spotlight
before 1967 is out.
will again be in the spotlight
before 1967 is out.
45. I forecast j that the dol
lar will not be devalued *in
* ’1967, but the pound will con
tinue shaky.
46. Certainly, Congress will
become more and more cri
tical of the looting going on
under cover of the Administra-
stian’s War on Poverty. The
toward
an ever
brighter
future for
all of us
In Hie space aere as
in any a'jfe, the story 1
of progress is still the
story of people. Our own
community proves that! We
look at o:ir own town with
justifiable pride in its
advantages and opportunities,
thanks to the endeavors
of all to make this fine
community cf ours a better
place to live and work. In
the same spirit, we can look
with hope and confidence
toward a future that holds
continued community growth,
with greater benefit to all.
M. S. Bailey & Son, Bankers
V Established 1886
Member FDIC Clinton, S^C.
' W® INTEREST PAID ON ONE YEAR SAVINGS CERTIFICATES”