University of South Carolina Libraries
/ s i Thursday, December 21, 1950 THE CLINTON CHRONICLE BUSINESS AND FINANCIAL OUTLOOK GIVEN FOR 1951 Page Seven {Continued from pace one) another episode like “Korea” in 1951. Mere Deficit Financin* After Jane SO, 1951 28. The first half of 1951 may ac tually see a budget surplus as a re sult of high National Income and in creased taxation. Later, if Congress goes along with the Administration’s plans for huge rearmament, a feder al deficit will arise during the last half of the year. 29. As a result of the preceding prediction, money supplies should not begin to rise until after business has turned down. Increases at such a time are not likely to have much ef fect on prices. 30. Government bonds will be held tightly between the floor of Federal Reserve support purchases and the ceiling of Federal Reserve anti-infla- tion sales. Under such’ conditions, price changes should be negligible. 31. A great deal will be heard in 1951 albout giving the Federal Re serve Board powerful controls over member bank loaning policies. Con gress is not likely to pass such oon- ity. Overconcentration will not pay in 1951. 3). Highest-grade taxable corpor ate bonds should hold in a narrow price range during 1951, but I see no Members and their wives were alsi introduced. The committee in charge an nounced that a queen would be se lected for the party. Mrs. Gary reason for individual investors buying. Lehn wag given the dlst i nc tion them. For my forecast for long-term government bonds, see No. 30 abov3. The only corporation bonds which in terest me are convertibles. the Rev. and Mrs. Joseph Haynes- worth Darr. She was graduated from Blue Mountain college in Mis sissippi with a major in music and was vice president of the Euzelian society, B.S.U. council officer, col lege accompanist and president of a campus club. Candlelight Service At Lutheran Church On Sunday Evening A tradition of many years stand ing will be continued this year at Mr. Smith is the son of Mr. and ^ J<>hn,s Lutheran church, here, with a Christmas Eve Candlelight service, to be held next Sunday through the drawing of a number. She was escorted to the head table by retiring Lt. Governor Ratchford 38. With income ^texes slated toig 013 ™ 1 wh ^ re she crowned by ; Mrs. Edward L Smith of Conway, increase in 1951, tax-exempt bonds i President Brown and presented a He was graduated from The Cita- - - - ^ ... should continue in good demand, lovely bouquet of red roses jdel. While attending The Citadel, evening at 9.00 o clock according to trols, however, unless commodity ■ There has been some speculation in i A p rogram of beautiful Christ- Mr. Smith was president of the, a* announcement by the pastor, the Pt 1 ? 0 -!-?-- 3 ^ }ugher ’ or World r ; these, however, and any downward ma s music was given by Mrs. James student chapter of the Arherican i Re v. James C. Dickert. change in the tax outlook might Cook and Mrs. Conway Jones, Jr.,'Society of Civil Engineers, presi- 1 The story of the Nativity is told cause a sudden turnabout in prices' w j t h M rs ^ ^ Kellett as occom-! dent the Y.M.C.A., cadet captain 1 ' 11 Scripture and Song, in a strik- for municipals. Investors should see pan i st all from Fountain Inn Groupi and in “Who's Who in American 'ogly beautiful setting of hundreds - — - t t0 il , V? at ^ their ., b0 P <i maturities ar « singing of Christmas carols was led Colleges and Universities.” At pres- of glowing candles. The congregation that we are entering a period of im-, carefully diversified, with some part Layton Fraser proved international relations. The of their bond funds maturing each Dy ^ayion rraser. danger of war remains. Until it dis III comes. Stock Market and Bond Outlook Uncertain 32. I see nothing now to indicate aDDears°wi^e r [*aple vriil move oin'of ’XSl bM. AeUvtt, Will DeeUne !^ U dl^dXST^ to prSS!!| Ch » r, * s,on - ' „ 1 St UW “tteTUd ?*• The estate ' outlook for ed to lad.es correctly answeringl Following .heir weddtn, tnp. ««1 SSrt bTSi “IhfthS in,.fmont<■ in ciiphi 1951 will be strongly affected bv 1 vflripd A« a favnr couple will make their home in pres-iwi giowing canaies. me congregation ent he holds a position with Wil- joints in responsive readings and in liam M. Bird and company in the singing of the beloved Hymns of Charleston. avoid areas having investments in sucn| 1951 will be strongly affected by’varied questions. As a favor each C0U P le curbs on mortgage credit. Much of i a dy present was given a demi-tasse Charleston - cup and saucer with the compli- i Out-of-town guests attending were: ments of the club. Then followed Mr. and Mrs. Frank Traver, Lake] T1 ThP Cfoolc Averages mav work! 1 * 16 recent boom was the result of scmewTTa't fir«!^ c re d ; it-<.l m o,t_„othiu, down leave the churoh singing “Joy fo The World, the Lord is Come.” The pebple of the community ara somewhat higher during the iirsi; n ^ » ments oi me ciuo. men louowed - v ir. ana .virs. r raiiR. nawr, jnvnteH half of next year, but sometime dur-; a £ d f md 1 easy P a y m ents for years a draw i n g i n w hich a number of City; L. B. N. Darr Sumter; Mrs. J. i ssive hou f wor ^u- n “ 5n<r 1Q51 thev will sell lower than valuable prizes contributed bv Ki-!H. Darr, Miss Jean Waites, Rawlin- Eve " ing 1951 they will sell lower tha current quotations 40. New home construction will suffer a greater decline than other for lWl rtoiTbe those that* have “"**■ Nonessential commercial build, not been popular as inflation hedges in the past months. I like good chain store stocks. valuable prizes contributed by Ki- Darr, Miss Jean Waites, Rawlin wanians and other local friends and s A on Martin, Columbia; Misses Jean firms were presented to the ladies Jean McDamel, Grace Barker. 35. Investment Trust funds, pen sion funds, and insurance companies will provide an excellent backlog of demand for sound Income Stocks where good values can be demon strated. 36. The successful investor next year will be the one who follows a carefully planned investment pro gram. Such a program will empha size diversification—not only by com pany and industry, but also by qual- whenl^s- C , £Hh^n, Miss Mary Rose ' s Announce i To^Vll Of You ^^^We^Extend 'kriitmas As the years roll by we realize more and more how much It means to have the confi dence of folks like you. It is a pleasure to w4sh you a Merry Christmas and Happy New Year. Page’s Beauty Shoppe Olive Dixon — Ruth Richardson WE WILL BE CLOSED All Day Sunday, Dec 24 and Monday, December 25 # Center Service Station With Cordial Good Wishes for a Merry Christmas We have found that friendship in busi ness is an invaluable asset and we are truly grateful for yours. In appreciation may we wish a most pleasant Christmas and Happy New Year to you and those about you. ‘'v C. W. Cooper’s Garage ing will also be hit. ; ^ "“""’Campbell Hall, Miss Cecile Cannon, . 41. The coming decline in new theu num bers were called. Mr. and Mrs. Edward Smith, Mr. and CHriStmOS Gifts building will throw a wet blanket The entire groups stood for a Mrs. Ed Hacks, Jr., Mrs. Marcus c c over speculation in vacant suburban ; moment of silence in tribute to W.j Smith, Mrs. James Terry, Conway; rOF employees lots. 'Hugh Simpson, deceased member Mr. and Mrs. Louis Passailaigue, Miss ! ♦ 42. The scare caused by the Kor-|of the club during the year, one of Carol Passailaigue, Greenville; Mr. T g Rose. Jr ean-China War and fears of an early its charter members, past president,! and Mrs. Hugh Hamilton, Miss J ean oresic ient o'' Rose outbreak in other sections will ad-! secretary and beloved Kiwanian. r,v '— w versely affect the demand for big | A vote of thanks was given ti> city real estate. Lower business vol-1 the Woman’s club for the delight- umes and the Draft ne^t year will f u j dinner and excellent service. Covers were laid for 170 Kiw’an- ians, their wives and friends. executive vice- s 5-10-25c Stores, Hamilton, Chester; Mr. and Mrs. W. T .. , , , , R. Weatherly, Eddie Skinner, George.» Inc “ ^ntly announced a schedule also curtail such demand 43. Small sustenance farms should hold up well in price as demand will be spurred by those seeking refuge outside the big cities. D^jnand for large commercial farms, however, should weaken as the year progresses. 44. The swing back toward rent control will act as a further damper on new building. There is no incen tive to build homes for rental in come. 45. Tighter credit controls will make it more difficult to purchase older residential properties, and the prices for these should weaken. 46. As building volume slackens in 1951, the quality of available ma terials and workmanship should im prove. This will help those who have saved their money and can pay for at least half the cost of a new home. Defense Orders and Poll ties Will Increase town; Dr. W. E. Whitley, Mrs. Whit ley, Miss Margaret Whitley, Eugene Whitley, Walter Johnson, of An drews; Mr. and Mrs. James Hagood, Sr, Mr. and Mrs. R. L. Kerr, of Charleston; Mrs. Edward L. Smith, of Baltimore, Mr.; Mrs. Henry J. Gambrel 1, Abbeville. Miss Blanche Ellen Darr Weds William Smith In Lovely Church Ceremony Miss Blanche Ellen Darr of this Unites Miss Boyd, city became the bride of William c ii* a D II Wannamak^r Smith of Charleston rronKlin A. DQllenger Church Ceremony and Conw'ay in a beautiful cere mony in the First Baptist church Saturday afternoon at 5:30 p. m. The bride’s father, the Rev. J. H. Darr. officiated using the double ring ceremony. Decorations of white chrysanthe mums. candelabra holding white ca thedral tapers, magnolia leaves and fern formed the setting for the cer emony. 47. Those who can do so should attempt to get defense orders as a means of holding up production vol umes and reducing overhead. Not too much profit from such war bus- A program of nuptial music was rendered by Mrs J. Harold Mc- Cown, organist; Mrs. Caldwell Hen derson, violinist. Miss Mary Sue Darr and J. Harold McCown, solo- iness should be expected, however,.as ists. I these contracts will be subject to i Miss Ruby Jo Darr. sister of the tightfisted renegotiations. bride, was maid of honor. Brides-. . ^ K . . , . .. . . ! 48. The political outlook for 1951 maida were M iss Lucy Thomas 0 f 3nd ^ bnd f 5 only att * ndant - M * AT ’ £keJfn. C0 Sr Pl ^ d< r^ C i by this city. Mrs Carl Cummings and in « a itreet kngth dress of pink with dentTal face Mosfo^Con’ Mrs Harry Commins of Sumter - gress* time will be spent on Interna-l Mlss tional problems; but either War or! way - M,ss Johnnie Doy * e of In a wedding at Monaghan Baptist church, Greenville, Saturday after noon at half after five, Mias Betty Jo Boyd became the bride of Frank lin Alexander BaLlenger with the Rev. Walter E. Boone officiating. Tapers in candelabra lighted the chancel,- decorated with white glad ioli, snapdragons and chrysanthe mums against a background of palms and western huckleberry Mrs. W. E. Boone, organist, played the wedding music. Billy and Jerry Mack Ballenger, nephew's of the bridegroom, served as ushers. The bride was given in marriage by her brother. William E. Boyd. The bridegroom’s brother. W Haud Bal- lerrger, was be*t man. Mrs. C. P. Dilworth, Jr. was matron of honor of cash Christmas gifts to be paid to every employee in each of the 131 stores now in operation These Christmas gifts will range from $100 00 for those regular em ployees who have been with the company the last nine years, to 52 50 for the part-time help employed De cember 1. • The Christmas gift program for 1950 is in keeping with the company policy of sharing with the employees the results of a profitable year. In addition, those who have been with the company three years or more, also participate in a profit-sharing trust. Other benefits which are provided by the Rose company are health and accident insurance, and annual va cations with full pay Peace could come early in 1951 t° wn an d Mrs. E. R. Morris, Jr., of which could make many of the above Kin * G«°rge. Va. The bridesmaids forecasts useless. wore dresses of royal blue satin 49. In Domestic matters, despite re cent election changes in party align ment, Congress will still be dominat ed by a conservative coalition of navy blue accessories and a corsage of yellow carnations. The bride was dressed for her wed ding in a beige suit with navy blue hat and accessories. She carried a white orchid on a prayer book Mrs. John Henry Boyd, mother of with basque bodices, drop should- 1 the bride, wore a black, suit with ers and wide bands of satin around the shoulders finished with pleated frills. The skirts were full and buf- Northern Republicans and "unregen- fant, draped up in front over pleat- erated” Southern Democrats. When; ed frills of satin. Their mitts match- the heat is on in a tough fight, the North-South coalition will still be ab le to curb onslaughts by New Deal ers. 50. We are gradually headed for a One Party System and finally a Dictatorship. The Republicans will sometimes win with the slogan "Had Enough?”; but their reign will be short-lived. Too many persons are following the pernicious doctrine of asking for higher wages and short er hours, speculating in stocks and goods, growing rich on paper, voting democratic for selfish reasons and letting the country go to the dogs, war or no war! Society and (Continued from page three) James L. Walker. The groom, the son of Mr l.._ Mrs. Murray Adams, was graduated from Clinton high school. He spent two and one half years’ in Naval service during World War II and is now continuing his education at Presbyterian college. Ladies Are Honored By Kiwanians With Christmas Party In a beautiful and elaborate set ting the annual “ladies night” par ty of the Clinton Kiwanis club was held last Thursday evening in the spacious Joanna club house. For the occasion the dining room was transformed into a beautiful Christmas scene. On one wall light ed Christmas trees were silhouet ted and over the doorway life-sized snow men were effective. A large decorated lighted Christmas tree and smaller trees adorned the stage. Red candles and evergreens were arranged on the tables and over the windows silver garlands, aad icicles added to the Yuletide picture, gar lands of icicles were suspended ftOtti the ceiling and green covered chairs completed the Christinas motif. Marshall W. Brown, retiring pres ident of the club, presided as mas ter of ceremonies and cordially wel- ed. and they carried nosegoys of talisman roses. The maid of honor wore a dress of royal-blue satin like those of the bridesmaids. Edward L. Smith. Jr., of Balti more, Md.. was his brother’s best man. Serving as usher-groomsmen were Dick Singleton, George Gat lin. W. D. Avant, Jr., of Conway, Dr. Marcus Smith of Myrtle Beach. Lieut. Ben A. Hagood of Fort Jack- son and Charles P. Wrenn of Kan napolis, N. C. The bride entered with her fa ther, the Rev. Joseph Haynsworth Darr. by whom she was given in marriage. She was becomingly gowned in bridal ivory satin fash ioned with a fitted bodice forming points at the front and back with a portrait neckline finished with a iband of Chantilly lace over satin. A marquisette yoke, long fitted Piano PuDlls Give sleeves and tiny satin covered but-! , . ^ • i tons were features of the bodice. LhriStmOS Recital while the skirt was full and bouf-1 «. fant, falling from a peplum of Th e p i ano pupils of Mrs. James Chantilly lace and satin caught into i pttts presented their Christmas re- a bustle bow at the back. A long cital Thursday morning at 10:30 in white accessories and a corsage of white carnations. Mrs. W. H Bal-t lenger, sister-in-law of the bride groom. whose mother could not bej present, wore a beige suit with brown accessories and a corsage of pink carnations Shortly after the ceremony, the I couple left for a wedding trip to thei mountains of North Carolina. The 1 bride wore a brown suit with green accessories. The orchid from her prayer book was worn as a corsage. After December 21, Mr and Mrs. Ballenger will be at home in Green ville. Mrs. Ballenger is the daughter of Mrs. John Henry Boyd and the late Mr. Boyd of this city. She received her education in the Clinton schools and at Winthrop college. Mr Ballenger. son of Mr. and Mrs. George F. Ballenger, is a graduate of Parker high school and attended fr urenan University. He is now assist ant to the Siports Editor otf 'Hie Greenville News. NEW SUBSCRIBERS HONOR ROLL A year’s subaenpgion to TTIE CHRONICLE will be an enjoyable gift 52 weeks of the year. Phone os and we’ll erfter your subscription to day. Welcome and thanks to thoae jn our Honor Roll this week. MASON YOUNG. C. D BENJAMIN. SR. City. R. Y. WYATT, Lydia. MAJOR LYKES HENDERSON, APO San Francisco, Cal PVT BILLY L MeCRARY. Bong. Washington. MRS JOE L. CLEMENTS. Vidalia, Ga MRS FRED W. MITCHELL, Sr. W Asheville. N. C. Hurry Up f Maggie Me Darling Mtly 3 more shopping days to buy my Christmas Tie—unless you're getting me something worthwhile at The Wheel. 8 Day Clocks 7 50 Chairs, each 1.25 to 12 50 Grab Boxes, only 113, each 25c Dining Table an d 6 Chairs to match 43 00 Bedroom Suit, just one .. 36 00 China Closets, only 8 left 18.00 up Book Case, glass door ... 22 50 'Bed. antique. Cherry ... 35 00 Kitchen Sinks .... 8 00 Used Bath Tubs, advance the first of the year, $5 00—Until then 22.50 TELL YOI R FRIENDS ABOUT— ened with the singing of “Ameri ca” and the invocation by Rev. C. B. Betts. A four-course dinner was prepared and served by the Wom an’s club of Joanna. President Brown introduced the club’s guests, Mr. and Mrs. J. J. Cornwall of the Lions club, Mr. and Mrs. R. B. Heliams of the Ex change club and newly elected Lt i Governor James Hughes of Greer for the ninth Carolines division. New court train fell from the skirt. Her cathedral veil of nylon illusion net edged with Chantilly lace was held to her hair with a coronet of seed pearls. Her colonial bouquet of white roses was centered with a white orchid and showered with 1 white hyacinths. Mrs. Joseph Haynesworth Darr. mother of the bride, wore a gown of blue lace with gold accessories. Her corsage was of talisman roses. The bridegroom’s mother, Mrs. Edward L. Smith, Sr., wore a me lon-colored gown and a corsage of white roses. Mr. and Mrs. Darr entertained at a lovely reception at the pastorium im mediately following the ceremony. The receiving line was composed of the bride and groom, Uheir par ents and the bridal party. Throughout the receiving rooms magnolia and cedar made an appro priate background for candlelight. The three-tiered wedding cake on a reflector, flanked by white tapers in silver candelabra centered ttve dining table which was overlaid with a white organdy cloth over green satin. Edging the reflector were white snap- the auditorium of Florida Street school. Twenty-two pupils took part in the entertaining program A num ber of parents and friends enjoyed the occasion. The WHEEL rnrrwwi WCI ' {.dragons and the emblems were . . . program op- under the caught under the cake with white satin ribbons ending in miniature bouquets of Roman hyacinths. Lime punch and individual cakes carrying out the green and white color scheme were served. Mr. and Mrs. Smith left during •the evening for a wedding trip to Florida. For traveling the bride wore a panomine-colored suit with black velvet accessories. Her cor sage was a white orchid. Mrs. Smith is the daughter of SEASON'S GREETINGS WITH REGARDS AND BEST WISHES TO ALL Moore’s Dress Shoppe Call 74 FOR OFFICE SUPPLIES