Historical Newspapers of South Carolina

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THURSDAY, DECEMBER 30, 1965 THE NEWBERRY SUN. NEWBERRY, SOUTH CAROLINA PAGE THREE Entertain With Eastern Ease Wanderlust and the whim for something novel blend in this Chicken Indienne—an eloquent mingling.of chicken, rice, and meat all.spiced with curry powder. It's quick to make the Borden Kitchen way with modern mince meat; no tedious, tune- consuming mincing, cutting and cooking. Truly a food that invites the more the merrier. Chicken Indienne _ (Make* 6 servings) 1 tablespoon butter 1 2 lb. frying chicken, cut into serving pieces OR 3 lbs. chicken parts 1 onion, coarsely chopped 1 green pepper, coarsely chopped 2 tablespoons recon~ stituted lemon juice 2 cups chicken stock* 1-1/3 cups ready-to-use None Such mince meat 1 teaspoon salt Dash pepper 1 cup uncooked long grain rice 1 tablespoon curry powder In a large skillet, melt butter and brown chicken pieces on all sides. Remove browned chicken from Skillet. In same skillet, saute onion and green pepper until shiny. Add lemon juice, chicken stock, mince meat, salt, pepper, rice and curry powder; mix well. Turn mixture into buttered 2-1/2-quart casserole or baking dish. Arrange browned chicken pieces over rice mixture. Cover. Bake In a moderate (36Q°F.) oven for 1 hour or until chicken and rice are tender. •Cover chicken giblets, neck and wing tops with hot water. Sea* son with salt and pepper. Simmer while browning chicken. Marriages... Charles Harden Welling of Whitmire and Elsie Ruth Quat- tlebaum of Saluda were mar ried on December 6 at Saluda by Rev. N". J. Patrick. James David Long of Pom- aria and Nancy Louise Price of Whitmire were married at Whitmire on December 21 by Rev. W. S. Allred. Eugene Glenn Huff and Jua nita Bell Baker of Whitmire were married December 21 by Rev. James S. Barrette at Whitmire. Allen Robert Romons of Baton Rouge, La. and Sara Linda Barron of Joanna were married at the home of Miss Barron’s grandmother, Mrs. John C. Goggans on Caldwell street on December 22nd by Rev. Peter K. Barberich. Henry Wayne Lominick, of Pomaria and Betty Ann Haw kins of Prosperity were mar ried by Rev. J. Hilton Roof at Prosperity on December 23. Smokey Says: MONTEREY CYPRESS ONf 0* MATURE RARf UW MOST Mtnwnws t AS A CONVENIENCE TO THE CUSTOMERS Of The $ CITY OF NEWBERRY THE TWO BANKS OF NEWBERRY • The Newberry County Bank • The South Carolina National Bank have agreed to collect utility bills for the city as long as they are paid within the 10- day period. Bills may also be paid in the usual man ner at city offices during office hours. This new system of collection was effec tive at both banks on Tuesday, Dec. 28. BABCOST FORECAST . . . (Continued from page 1) thereafter. On the whole, the business climate in 1966 may well prove to be one of high- level stability rather than of vigorous climb. 13. Business capital expend itures, which have been a key factor in prolonging the busi ness boom, should remain a strong bolstering influence. However, I predict that they will not provide as much in the way of upthrust for the econ omy as in the past two years. 14. Business inventory ac cumulation, likewise a gib fac tor in the boom, should also become a less vigorous expan sionary force. Perhaps fears of inflationary price increases will encourage busdnessmen to main tain a healthy volume of in ventories; but unless war threats intensify, I see no need to pile up much more in inven tories. 15. Consumers will have more money to spend in 1966. I forecast a further uptrend in personal incomes to new high ground. An important influence in this respect is the impact of automatic wage increases which are called for in existing multi year labor pacts- 16. Also, I predict a further rise in the general structure of wage rates, as many secondary labor unions seek to match the gains of the auto and steel workers. 17. Unless another federal tax cut is enacted^—which now seems remote in view of the war effort and the present fis cal deficit—net income after taxes may not rise as rapidly as gross income. The social security tax rate is scheduled for a step-up. Also, higher state and local taxes—including sales levies—will place more of a burden on consumers. 18. The all-important em ployment situation should re main generally good. We may have seen the greatest portion of the rise in manufacturing employment. However, employ ment in government payrolls at all levels, and in services, should continue to score size able gains. 19. I forecast no radical change in the jobless picture. Let me warn readers, however, that the problem is far from be ing solved, and in coming years we may well have to reckon with it. The draft step-up only temporarily eases things and gives a false sense of well-be ing. 20. Retail trade should en joy another excellent year. Much of the gain in dollar vol ume, of course, will come from price rises. Nevertheless, as long as personal incomes, em ployment, and business hold high, consumer confidence will encourage spending. 21. Spending for food, ap parel, and general merchandise should continue upward; also for leisure-time and vacation line®. Color television is catch ing on, and I look for continued strong demand in this field. 22. The automobile business will not be left out in the spending spree. It will enjoy another prosperous year; but I foresee no significant upsurge beyond the high levels of the past two years. 23. In view of the drain on our gold supplies, the govern ment has been endeavoring to promote domestic travel and vacations. Nevertheless, I fore cast further interest in foreign vacations. In one sense, I am happy to see this. I have done considerable foreign traveling, and I feel that such activity is definitely advantageous. Fur thermore, I feel that foreign travel can help Americans to wake up to the advantages here at home and make them more thankful for the blessings they enjoy. 24. Many readers—especial ly those retired and living on pensions and social security— are worried about the threat of inflation. I forecast no radical inflation during 1966 . . . the Administration is committed to “non-inflationary progress.” However, some price increases appear unavoidable. 25. I predict that the great er danger will lie in CREDIT inflation, rather than in price inflation. 26. With the rise in defense spending and the cost of legis lation for the Great Society, the federal budget will suffer a sizeable deficit. In addition, states and municipalities are unable and unwilling to live within their means. Consumers will also go further into debt. 27. Look for new increases in the cost-of-living index. The government may try to head off substantial price hikes in key areas, but selective price rises will occur. 28. Industrial commodity prices should remain firm to higher, particularly in the first half of 1966. The primary bul wark against a price runaway is competition, which should be basically more effective than government influence. 29. I look for an increase in domestic competition in 1966. This should become more evi dent as the business upthrust tapers off. Also, we must not forget foreign competition. With many nations feeling the pinch of dollar shortage, they will work to remedy this by increasing their sales here. 30. Business in 1966 need fear no major labor tie-ups. Strikes, however, may well be numerous among the secondary labor units. 31. I look for business fail ures to increase, both in num bers and in dollar liabilities. This will be due to keen com petition, excesses of debt and inventory accumulations, un wise credit extensions, and careless management. 32. Of greater concern to me is the steady climb in non farm real estate foreclosures; I expect a further rise in 1966. 33. Business profits dn 1966 will not advance as sharply as in the past two or three years. The squeeze is on in profit margins; hence I look for a tapering-off in the rise of cor porate profits, although I fore see no drastic slump while activity holds near peak. 34. Looking at the farm sector, I see no radical change from the excellent 1965 year. Barring a crop failure or severe drought, farm prices, at worst, should shade only slightly low er. 35. Farm equipment manu facturers should enjoy good business in 1966. This goes also for fertilizer and pesticide pro ducers. 36. The important building and construction lines should hold their own in 1966, but their dollar volume may be due largely to price and cost inflation. The Great Society program is a plus factor for construction, including urban renewal and highways. 37. Private home and apart ment building should show a slight improvement, but the real boom in residential build ing will not register signifi cantly in 1966. 38. Hence, I forecast that real estate conditions will re main selective. Well-located sites for homes and industrial and commercial complexes will do well, but study of local con ditions is imperative. 39. I predict a further in crease in farm land values in 1966. With costs still rising, the physical size of farms must expand so operators can bene fit from mechanization. This places a premium on well-locat ed land in the important and larger agricultural regions. 40. The steady advance to ward fuller automation should make further progress in 1966, helping industry to cope with rising operating costs and shorter work weeks. 41. Trees do not grow to the skies; enither does the stock market rise unendingly. While I forecast that the stock market—as measured by the Dow-Jones Industrials — can surpass the high mark of 1965, I anticipate a volatile 1966 market with a good-sized drop off a real possibility sometime during the year. 42. Even though the stock market may push to new highs, any further advance may not bulk large percentagewise. If business and corporate pro fits show a tendency to taper off, the fiundamental basis for a worthwhile advance will be removed. 43. Speculative enthusiasm and inflation fears can be ex pected to figure prominently in the stock market during the course of 1966. The urge to make a quick buck is increas ingly evident- 44. I forecast that 1966 will not be a time for illogical spec ulation and gambling in the stock market. Above all, let me remind readers of the dangers of using borrowed money to buy stocks. Those who “go off the deep end” may well regret it before very long. 45. Those who invest (not speculate) on the basis of growth will sleep better nights. I have in mind the expanding population, rising incomes, scientific advances, greater lei sure, and above all the impact of the Great Society. 46. Investors should be pleased with cash dividend payments in 1966. I forecast they will show another increase. I would also expect a rash of stock dividends and stock splits —particularly in the first half of the year. 47. If businessmen, consum ers, and investors do not act voluntarily to keep inflationary pressures and speculation from getting out of hand, the mone tary authorities may be forced to raise margin requirements on stock purchases, and per haps tighten further credit. 48. Look for somewhat low er bond prices in 1966. Altho we are not in immediate dan ger of credit exhaustion, the banking system is under some strain from the rapid expan sion of credit in recent years. My advice is to buy bonds which mature in five years or less. The time to buy good longer-term bonds will come when the yields on short-term bonds exceed those on long term issues. "'i. 49. The dollar will not be devalued in 1966. Possibility of devaluation of the British pound will undoubtedly come to the fore again, but additional effort will probably be made to keep the pound from “going under.” I fear, however, that all this is only “buying time” —that devaluation of the pound may be inevitable. 50. I foresee no cure for the outflow of gold from America’s shores in 1966. However, in view of the importance of the U. S. in international trade and world military considera tions, foreign bankers will be reluctant to withdraw thedr gold en masse. Bear in mind also that there is no country that can match our industrial and military might . . and that, among the leading nations, the United States has suffered least in terms of the ravages of inflation and political insta bility. LOOKING AHEAD . . . (From preceding page) remains a mystery why any American would want to bring socialism to our country or give up the free market econ omy based on freedom of en terprise and join them. “There is no prefabricated roof on o ur positive destiny,” according to U.S.A. Let’s consider the U.S. an underdeveloped land and set to work to meet the challenges of its vast potential. TT State Building and Loan Association . . . PROUDLY ANNOUNCES % I J 4 per ct. Anticipated Dividend Rate Effective Jan. 1,1966 State Building & Loan Association s Semi- Annual Dividend payable Dec. 31,1965, amounts to $115,915.70 HOME LOANS INSURED SAVINGS Save by January 10th and earn a full 12 months’ dividend in 1966 at the anticipated higher rate! { CONVENIENT DRIVE-IN FACILITIES OFFICERS AND DIRECTORS R. B. BAKER, Pres. J. DAVE CALDWELL, VIce-Pres. PINCKNEY N. ABRAMS, Sec.-Treas. LOUIS C. FLOYD a AUBREY HARLEY THOMAS H. POPE MEMBER FEDERAL HOME LOAN BANK SYSTEM FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION UNITED STATES SAVINGS AND LOAN LEAGUE SOUTH CAROLINA SAVINGS AND LOAN LEAGUE