The sun. [volume] (Newberry, S.C.) 1937-1972, December 26, 1963, Image 4
PAGE FOUR
THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA
THURSDAY, DECEMBER 26, 1963
1218 College Street, Newberry, S. C.
PUBLISHED EVERY THURSDAY
0. F. Arinfield, Jr., Owner
Second-Class Postage Paid at Newberry, South
Carolina.
SUBSCRIPTION RATES: $2.00 per year in ad
vance :Six Months $1.25.
BABSON FORECAST . . .
(Continued from page 1)
or government—to have balanced
budgets. Therefore, I predict that
1964 will see a bigger deficit than
this year’s.
7. Depression. Whether for bet
ter or for worse, the voters have
been taught to believe they can
and should get something for no
thing, and only a severe depres
sion could ultimately change this
belief. I, however, look for no de
pression in 1964.
8. Agricultural Outlook. Al
though crops, prices, and farm in
come may be basically dependent
on the weather, much of the world
is short of food. Russia’s and
China’s heavy purchases of grains
will do more to bolster U. S. farm
income than will government-sup
ported prices in 1964.
9. Dow-Jones Industrials. I fore
cast that the stock market as
measured by the Dow-Jones Aver
age will make a new high in 1964,
but may sell lower after the el
ections. However, readers must re
member that the Dow-Jones In
dustrial list, which everyone seems
to think represents the market,
may be very deceptive.
10 .Speculative Stocks. Of the
approximately 1550 stocks listed
on the New York Stock Exchange,
a majority have been going down
while the Dow-Jones list of 30
which everyone watches have been
going up. This is due to the pur
chase of Dow-Jones issues today
largely by trustees, pension funds,
mutual companies, and others
that prefer fairly conservative and
dividend paying companies. I
forecast that stocks not in the
Dow-Jones list will do better pro
portionately in 1964 than they
did this year.
11. Switching. Based on my a-
bove forecast, and having learned
that only buying can send stocks
up, I predict that 1964 may prove
to be a good year to switch from
some of the overcrowded Dow-
Jones stocks into other issues
that are now overlooked.
12. Government Bonds. The only
government bonds that interest
me are the long-term ones which
may now be purchased at a dis
count to use in payment at par
for death taxes. I forecast that
more governments will be issued
during 1964 and that their prices
may gradually sag as money be
comes tighter.
13. Corporation Bonds. Those
buying corporate bonds should ei
ther stick to issues of under five
years’ maturity or keep their mon
ey in the savings bank. I predict
that long-term corporation bonds
will drop in price in 1964 as in
terest rates rise
14. Tax-Exempt Bonds. Like
wise, I predict that long-term
tax-exempt bonds will decline next
year. They are even more over
priced than corporation bonds, be
cause of heavy bank buying dur
ing the past two years. I do not
look for this to be repeated in
1964. Therefore, I would certain
ly confine buying of tax-exempt
bonds to short maturities; and I
H & H Machine & Welding Shop
Willie and Jack Hawkins, Owners
1502 Martin Street Newberry, S. C.
We wish to thank our many friends and
customers for their loyalty during the
past year.
W. E. TURNER, Jeweler
Caldwell St. W. E. TURNER, JR. Newberry, S. C.
would avoid revenue bonds.
15. Interest Rates. I forecast
that interest rates will continue
at least as high as today and will
possibly rise through 1964 in or
der to keep gold here in this
country and uphold the value of
the dollar.
.16. Devaluation of Gold. I fore
cast that there will be no devalua
tion of gold during 1964. I am per
sonally acquainted with conditions
in Africa, and will say that those
who wish to speculate in gold
mines should consider American-
South African Investment Co. Ltd.
Readers should remember, how
ever, that gold-mining stocks will
go down as well as up, in accord
ance with many different condi
tions.
17. Profits. I forecast that cor
porate profits will continue to rise
in 1964, though possibly at a some
what slower pace than recently.
18. Copper Prices. Commodity
prices are dependent on two fac
tors: Demand and supply. Take
copper: I beli|eve demand will
continue to increase during the
electrical era we are now in. And,
since my visit to Africa, I feel
the supply of copper is almost un
limited. Hence I forecast little
change in price on balance in 1964.
19. Other Basic Raw Materials.
With some few exceptions, the a-
bove applies generally to many
of the basic raw materials, in
cluding iron and steel, and espec
ially aluminum. The present firm
ing in quotations will not carry
much further and could be sub
ject to setbacks later in the year.
20. Sugar. Sugar prices, how
ever, will hold in a generally high
range all through 1964.
21. Building—Suburbia. I fore
cast that new building will con
tinue around present levels thru’
1964, with additional growth in
“suburbia”. This applies to single
homes and to apartment houses,
which could easily be overbuilt as
the hotels and motels have been.
22. Public Construction. Other
wise, strength in building will oc
cur mainly in the public sector—
especially roadbuilding.
23. Real Estate. I predict that
farms on the “right side” of the
cities will constantly increase in
value during 1964. I say “right
side” because every city seems
to have some one best direction
in which to grow. This usually is
toward the higher land and often
to the west; but this is something
subdivision developers must watch
very closely.
24. Rural Areas. As I have said
before, the way to buy real estate
profitably is to drive out the main
road away from the city in which
you live, on the “right side”. Every
few miles, stop and inquire the
price of land; so long as it is quo
ted by the foot, get back in your
car and drive until it is quoted by
the acre. Everything else being
equal, I forecast that the pur
chase of this land in 1964 will
show you a profit over the long
term.
25. Florida Property. There is
still a lot of land in Florida, and
there are many retired people who
are hoping to move there. I fore
cast that your best Florida buy
in 1964 will be waterfront proper
ty. God only made so much water
front land, but there is an enor
mous amount of interior land
which for many years will be
good only for pasturage. Do not
buy land—anywhere—until you
see it; don’t depend on blueprints,
catalogs, and super sales organ
izations.
26 .Florida Home. I believe a
small home in a small Florida city,
and ownership of the vacant lot
on each side thereof, will prove a
safe and attractive investment in
1964 for anyone who has a check
coming in regularly from the
North.
27. Advertising. While TV ad
vertising will continue strong for
patent medicines and some other
products, I forecast that honest
newspaper advertising will hold
its own. Newspaper ads can be
cut out and kept for reference,
which is impossible with radio
or TV ads.
28. Newspapers. I forecast that
competing newspapers will con
tinue to consolidate; and there may
possibly be a return to the days
when newspapers represented the
opinions of some one man with
courage, influence, and personal
ity rather than the decisions of
a “cold” board of directors. Note
that this is something television is
already trying to develop in its j
news reports, and newspapers •
must match it.
29. Strikes. I believe that 1964
will be free from large strikes.
The “big show” of course will be
the negotiations between the auto
workers and manufacturers. How
ever I predict that both sides will
arrive at a peaceful settlement
before the deadline.
30. Wages. While labor will not
get all the pay increases it wants
in 1964, it will get the equiva
lent in “fringe benefits.”
31. Employment. I forecast em
ployment will rise further in 1964,
due to a prosperous economy with
new and expanding operations. Un
employment will rise too, because
of the influx of young job seekers
and displacement of unskilled
workers by automation.
32. Work Week. There will be
continuing agitation to cut the
40-hour week in 1964 to a 35-hour
MILLS CLINIC PATIENTS
Margaret Rinehart, West Colum
bia
Miss Lalla Martin, Newberry
Mrs. Victoria Stockman, Pros
perity
Lee Shealy, Little Mountain
Mrs. Emma Shealy, Little
Mountain
Baby Boy Padgett, Batesburg
Mrs. Shirley Smith and baby
girl, Prosperity
Mrs. John Long, Prosperity
Mrs. Olivia Snipes, Newberry
Olin Fulmer, Prosperity
Annie Cromer and baby boy,
Newberry
Jacqueline Wise and baby boy
Prosperity
i Mr. and Mrs. C. L. Pless of
Cleveland, Ga., were weekend visi
tors in the homes of Mrs. Pless’
sister and brother-in-law, Mr. and
Mrs. Bennie Burn on Cline St.,
and Miss Sarah Wilson on Speer
Street.
week with the same pay. I fore
cast this will not be accomplished.
There may be a compromise to
37 1-2 hours, though this will
depend largely upon President
Johnson.
33. Foreign Trade. Rising auto
mation in the U. S. in 1964 will
enable us to compete more effect
ively with lower manhour labor
costs in Europe. Labor costs in
Italy are already rising, and in
flation is threatening Europe. . .
particularly France and Italy.
34. Inflation. Like the rest of
the world, we will be tempted to
resort more and more to inflation;
but I forecast this will not be a
vital factor in 1964.
35. Living Costs. There will be
continued upward pressure on liv
ing costs during 1964, even though
the Administration may soft-pedal
any abnormal rise in the Labor
Department’s index to prove that
costs are being held down.
36. Retail Sales. I forecast that
1964 will show an increase in re
tail sales and in installment pur
chases.
37. Recreational Equipment. I
forecast that the great increase in
leisure time and the consistent
gains in personal income will give
manufacturers of recreational eq
uipment a prosperous year in 1964.
38. Synthetic Foods. I forecast
that many new synthetic foods—
cheaper than the natural and just
as healthful—will appear in sup
ermarkets in 1964.
39. Synthetic Clothing. I fore
cast that this new industry will
develop notably in the United
States during 1964, particularly as
regards specialty work clothes.
40. Auto Parking. The auto
companies are devoting much stu
dy to the parking problem. I fore
cast real progress toward mech
anical parking in 1964.
41. Seat Belts. I predict that
insurance companies will put added
pressure during 1964 on all state
governments to enact legislation
requiring “roll-up” seat belts on
all cars.
42. New Inventions. I forecast
that rapid strides will be made in
1964 in the direction of transfer
ring mass through matter.
43. Electronic Production. I
forecast a great increase in elec
tronic manufacturing in 1964. . .
with emphasis on adaptation of
space efforts to military applica
tions.
44. Air Conditioning. I predict
radical changes in air conditioning
in 1964 via the reduction, and la
ter elimination, of moving parts
in the heat-withdrawal machinery.
45. Electric Heating. I forecast
experiments in electric heating in
1964 whereby radio waves will
heat only the individuals in the
room, but not the air.
46. Oceanography. I forecast
great developments in 1964 in min
eral recovery, food supplements,
new chemical derivatives, etc. ob
tained through oceanographic re
search.
47. Cuba. People in Florida have
no reason to worry about their
nearness to Cuba in 1964. Russia
will undoubtedly keep a controll
ing finger on Cuba until she de
cides to withdraw in a swap of
some kind with the U. S. in con
nection with Berlin or West Ger
many.
48. War. There will be no World
War in 1964, and even the “cold
war” pressures should gradually
soften and prove less costly. I,
however, am watching carefully
how President Johnson and Prem
ier Khrushchev get on together.
49. Russia. I predict that the
Russian government will vastly in
crease the manufacture of electri
cal appliances, and will have a
100 per cent-owned installment
company which it will operate
without competition. When I was
in Russia it was evident from my
talk with the young people that
they would have to be given more
of the advantages enjoyed by the
free nations.
50. In this connection, I should
say that, like the U. S., Russia
is very rich in natural resources—
and in research. This latter is es
pecially important these days. I
was much impressed, during my
visit, with the Russian educational
system which is developing a very
able generation of young people.
I forecast, however, that Mr.
Khrushchev’s real problem will be
how long he will be able to hold
these young people in line!
CLARK WRECKING COMPANY
Auto Parts for All Makes of Cars
Auto Glass and Mirrors
ITelephone 276-0540 Newberry, S. C.
Ghristmas warmth and Ghristmas cheer,
We extend to you this time of year.
CITY BARBER SHOP
1416 Main Street Newberry, S. C
Mrs. Ainsworth
Rites Monday
Mrs. Eliza Blakely Ainsworth,
90, widow of Charles Franklin
Ainsworth, died Saturday morning
at a Batesburg nursing home af
ter a long illness.
She was born in Denver, Colo.,
and was a member of St. Luke’s
Episcopal Church.
Surviving are two grandchild
ren and three great-grandchild
ren.
Funeral services were conduct
ed at 11 a. m. Monday at St.
Luke’s Episcopal Church by Rev.
Robert Long. Burial was in Rose-
mont cemetery.
Recent Marriages
Richard Avery Wood of Ware
Shoals and Caralinda Stuck of
Fomaria were married on Dec. 15
at Fomaria by Rev. Donald B.
Loadholt.
Roy Marion Stuck of Chapin
and Annie Loraine Boland of Po-
maria were married on Dec. 17 by
Rev. J. Harry Crout at Fomaria.
Mrs. Enlow Dies
At Her Home
Mrs. Hattie Banks Enlow died
suddenly early Saturday morning
at her home in the St. Phillips
section of the county after several
year’s of declining health.
She was born and reared in this
county, daughter of the late John
F. and Texana Counts Banks. She
was a member of St. Philips Lu
theran church and a life member
of the ULCW. Her husband, Mal
colm Edwin Enlow, died eight
years ago.
Surviving are a son, Banks En
low of Sumter; a daughter, Mrs.
Ashley Shealy of Prosperity; a
brother, Bunard Banks of Pros
perity; two sisters, Mrs. John W.
Taylor and Mrs. Nettie Kibler of
Prosperity; nine grandchildren
and five great-grandchildren.
Funeral services were conducted
Sunday at St. Phillips by Rev. C.
L. Richardson. Burial was in the
church cemetery.
Pallbearers were James and Ray
Ruff, John Taylor, Carl Enlow,
Donald and Richard Shealy.
Honorary escort was composed
of the St. Phillips church counciL
Joe Bishop, addition to skating
arena on Winnsboro Road, $700.
Quality Shoe Shop
1105 McKibben St.
NEWBERRY, S. C.
Mrs. Lila Mayer
Died Suddenly
Mrs. Lila Agnes Shealy Mayer,
71, wife of Floyd T. Mayer of Rt.
1, Little Mountain, died suddenly
at her home.
She was born and reared in this
county, daughter of the late
George Michael and Caroline Eat-
yan Bowers Shealy. A member of
Mt. Tabor Lutheran Church, she
formerly was a member of the
United Lutheran Church Women
and was a Sunday school teacher.
Surviving in addition to her hus
band are two sons, C. Enoch May
er of Newberry and Franklin May
er of Little Mountain; a.daugh
ter, Mrs. Joe (Clara) Edwards of
Saluda; a sister, Mrs. J. A. (Eula)
Chapman of Little Mountain; a
brother, David Shealy of Little
Mountain; two half-sisters, Mrs.
Clarence. (Lucille) Shealy and Miss
Marie Shealy of Little Mountain;
six grandchildren and a great
grandchild.
Funeral services were conduct
ed Sunday at 2 p. m. at Mt. Tabor
Lutheran Church near Little Moun
tain by Rev. John T. Chewning
and Rev. J. S. Wessinger. Burial
was in the church cemetery.
Pallbearers were Albert and
Sam Frick, Claude Bickley, Gord n
Boland, Thomas Riddle and Ever-
ette Metts.
Honorary escort was the church
council of the Mt. Tabor Church.
WISHING YOU A MERRY CHRISTMAS
MR. and MRS. TOM LEWIS
Boundary Street Extension