The Clinton chronicle. (Clinton, S.C.) 1901-current, December 21, 1950, Image 7
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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
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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