Greeley Daily Tribune from Greeley, Colorado on June 13, 1957 · Page 17
Get access to this page with a Free Trial

Greeley Daily Tribune from Greeley, Colorado · Page 17

Publication:
Location:
Greeley, Colorado
Issue Date:
Thursday, June 13, 1957
Page:
Page 17
Start Free Trial
Cancel

What Ike Ate Didn't Agree with Market By SAM DAWSON NEW YORK ifv-Lives there a mm who has never had an up- let stomach? But when one particular man eats the wrong delicacy for dinner a flash flood of selling hits the stock m a r k e t . And businessmen here and abroad punder w h a t President Eisenhower's indisposition, if it had proved serious, could do to business prospects. Fortunately the hysteria w a s quickly over and calmer judgments took over the rule of the stock and other markets. What caused the flash flood? The answer appears to lie in lhat f r a g i l e thing--confidence. And in the dread of any period of uncertainty. And in the underlying and still current puzzlement as to which way business is really going. At the moment it is in delicate balance which confidence is maintaining and uncertainty could till. The way a piece of blueberry pit shock tip ti« itotk market brings up the basic question of how strongly ire business trends tied to any uncertainty in Washington-even when that momentary uncertainty involved the most powerful man in the world. i Many businessmen hold that the health of industry and trade in \ this country is strong enough to j survive any joggle to confidence' caused by the indisposition of I popular president. | But the weight of the presidency is great ft) these troublous times. I The battle of the budget is near- ·ing the crucial stage in Congress.! i Hanging fire are many interna-l dional negotiations--all the way 'from disarmament to specific! tariff questions affecting a handful of 'irms. | So the stock market reacted (first and reflected later. Observers of the stock market scene report that this time most of the selling appeared to be by the professionals--the in-and-out traders | j trying to cash in paper profits! that .uncertainty might threaten. | The great mass of stockholders. I the people all over the nation who I have a few or many shares tucked] away in strong boxes, sat tight. I Businessmen mostly waited to! s« and took the long-term view. | In Armed Forces Ancient Drilling Rig Reproduced · · · tn»«t water yow.lawn ItMTALL A GATES UNDERGROUND SPRINKLER SYSTEM m FREE ESTIMATE · Hweit 415C OFFEN HARDWARE fewest Calfle on Record Received in Oklahoma and Kansas Pastures DENVER -- The Blue Stem and Osage pastures of Kansas and i Oklahoma have received the I smallest number of cattle in ovr j30 years of record, the U. S. Dept. of Agriculture reported h e r e Wednesday. Reasons for the decline, the department said, are a marked increase in the local production of Ortn A. Saiton, abovt. Is taking training in the aircraft ac ctistriti fitld at Chanuti AFB, III. Hi recently cemplittd basic at Lackland AFB, San Antonio, Tti. Suton inlisttd in th« air fore* April 1. His parents, Mr. and Mrs. Ltwis Suton, own and operatt the Crttlty Cturt, 2W5 Tenth strttt. cattle and the late start of pasture grass. About 19 per «nt fewer cattle and calves have been received in the Blue Stem and Osage pasture this year than last, the department said. The decline from two years ago was 31 per rent. OKt-AHOMA CITY LH-I1 took a lot of hunting for pieces and parts, 'but I faithful reproduction of an old wooden oil drilling rig has been erected here. , It stands at one end of Boomtown at the Semicentennial Exposition opening here Friday, .white at the other end towers a modern steel rig. Boomtown is an early--day I f r a m e city in the heart of the et- 'position, and sponsors decided it I should be topped off by the iym- jboj of Oklahoma's wealth-petro- i l e u m . i "It hasn't been easy to s;t all ithe old style parts together," Sam ;.Shakley, who put the rig together j for AnJerson-Prichard Petroleum ,Co., said Wednesday. ] All the early-day fields in Okla^ h o m a were scouted for two old pieces In most fields, timbers ' f r o m the wooden wells had rotted. Most of Uie pieces were taken from rigs la the Drumri|ht and Oilton areas but two parti still could not be found and had to be constructed. i Biggest problem was the big wooden bull wheel that |oes inside the derrick. A Tarkersburg, i\V. Va.. rig building firm dug back in its files and found a pa'tern. Silverlon Begins Service Friday DURANGO i.fl -- Narrow g a u c e 'pasenger trains will begin their summer'* c h u f f - c h u f f i n g between here and Sllrcitnn Friday. \ Daily trips w i H begin Sunday on t h e . 4 5 mile D e n \ c r llio firandc Western Railroad line, last narrow gauge passenger link in the country. ' Hirh waters from the A n i m a s HiviT flooded the t r a c k s north of ' D u r a n g o last week, d e l a y i n g the scheduled start. Repairs h a \ e been completed. This y c a i the train has added enough coaches to carry 4M persons, rather t h a n last scar's 300. USE THE TRIBUNE WANT ADS 3 Hurl in Collision 'of Pickup and Truck i SALIDA. Colo m - Three per- 'sons were reported recovering Wednesday from injuries suffered ' i n a collision of a pickup truck ' a n d a h e a v y truck loaded with ( u t i l i t y pole crossarms. j In the hospital are John Dean I.McCnlli! of Sun Calley, Calif., his !»ife, Muriel, and her sister, Iori r a i n e C'ottinxham of G r a n d Junction. They were riJing in the pickup truck driven by McCrillit. Driver of the heavier truck was William Krnest Goldrn Jr., a construction worker from Meeker. The H i g h w a y Patrol reported the two vehicles crashed headon at the intersection of U, S. H i g h w a y s 21 and 2S5 Monday, ?4 miles north of here. lioth worr.cn suffered pelvic injuries and cuts. McCrillis suffered bruises and was released after t r r a t m r n t at the hospital. Thursday, June 13, 1957 GREEI.EY TTlinilNE Pace 9 Martin Lake Gaining DENVER 1* -- Water backing up in the reservoir behind John Martin Dam from the A r k a n i a s R l v i r near I.as A n i m a s rearhed K.OUO acn feit Wednesday, Slate En;incer J. E. Whittcn reported. He called the storage the lire- "' in " v "al K"» at the daV. Thf ttstnoit hn a capacity'^ f53,000 acre feet, but never his been filled completely. .- f America continues to be The Philippines' main t r a d i n g partner, With J a p a n second. ''ii* USE THE TRIBUNE WANT ADS A speid record was set in the Magistrate's Court at Estcourt, South A f r i c a , w h e n eight ca«es wore dealt w i t h i n 2'i m i n u t e s . iAtb. It** fc--BUILD--REPAIR and MODERNIZE With puncture.proof, rubber tired ball bearing GI.KASON Homecraft. Farm and Industrial WHEELS,-' · iie» from 4',i" to 12" diameter. IIuiM go'.f bag, outboard motor ear* rirr*. silagr. frrd cartt and portable equipment during "indoor" weather. s WE HAVE ALL THE SIZES GOLD'S New and IVed A u l c i 1'art* l l t h St. nl Gth A v f . I'h. ,",r,7 r-' * ** fc *W ^m ,-»-/£- ,,·/''* '·' eft' · S»^=3SN /* jT^)---» W PUC To Decide Fort Carson Case in 10 Days _____ v DENVER Of) -- The Colorado 11 m T' %·· K ? Typewriters For Rent Portable and Standard Gmy 15.00 Pir Month Up to S months rent may apply on purchast price. pected "in about 10 days" on a request by the Pueblo Ordnance Transit Co. for authority to haul soldiers between Ft. Carson and Pueblo. A hearing on the request was held in Colorado Springs Tuesday. Opposing the protest were the Continental Bus Co. and Colorado Springs Transit Co. Also represented but only la find whether its interests were involved was the Colburn Motor Tours Inc. The PUC said reporU on the hearing had not been compiled yet : Wednesday. Special Delivery ATHENS. Ga. l.f -- On June J, j 1940, Mrs. Mae Bullock of Danielsville, Ga., mailed a post card to her cousin, Mrs. Ruby Nelmj of Athens. Mrs. Nelms received the card recently and, since Danielsville is 17 miles from Athens, has calculated that the mail went through at a | rate of approximately one mile a year. Hi JUNE DAIRY MONTH · GREAT FLAVOR... -when Dairy Foods are your Best Buys · USEFUL PACKAGE... f · BARGAIN PRICE! grand-tasting CARLSON-FRINK Cottage Cheese in beautiful, sparkling GLASSES COTTAGE CHffSf 01 you like it -- full of langy, country-fresh flavor!... Tender t*xture, "popcorn" curd--partially creamed for more appetite appeol ... Low in calories, high in important food values... You con't eat too much delicious, nourishing Corlson-Frink Cottage Cheese! Gt ASSES you need!... No home ever has too many of theta uteM household necessities...Safe-edge--gaily decorated in colorful tulip design --ideal 10- ounce size... Start your set today! Featured A'oir at All hading FOOD MARKETS irherc Carlfton-Frink Dairy Food* are *old or hnme-drlirered by phoning 103 DAIRY FOODS Al L«ad)n« FOOD MARKHTS maW" ton b«» / 1 ::--:;:r"" b " N ·*·"""."£--*"""'"', w "*:£~~-i 1 · er lonfl 6 ' tAl.SOl \a'W 59 50 ' ^ tfHi reguiar.Y S* *^ ... Golden d uno f l Se.W* 9, " ^ s ' ccp s %r«ra ·f^C" · rVV£« *«§§ %. ;.£? ? *SF v.p j)! ..tf'-VJtlaWl? M. UAH W a^rnm r»o»o u itrf»--r w-.*: , \ -\ J \ 1 ..lL-i. ;/| : u -''-ft/- · r -.« ' ' / j ·' i : i ,-;- ; _·;, Mi^MmSS^^^^^K y]{!^' ·: v - '·' "" ^ ·tfffe--: .".'- · 'pV .- r ~. f.. MMf^-^r ?u.,*:-V *-·"*§ m**-' ?"',* .· ·% Free Delivery Open Friday Nights RUCKER 1028 Eighth Ave. Telephone 100

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 9,800+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free