Greeley Daily Tribune from Greeley, Colorado on October 27, 1969 · Page 5
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Greeley Daily Tribune from Greeley, Colorado · Page 5

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Greeley, Colorado
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Monday, October 27, 1969
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Page 5
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Life's Like That ' POOCH OBEDIENCE . SCHOOL Michigan has potential petrole- ly the best in Michigan history. uin reserves that' may contain $2.5 billion in oil and natural gas. "But that is if and when," said Harold McClure, president of McClure Oil Co. of Alma, Mich! "It is a long .-way off." Speculations on oil and gas riches throughout the area began when a new well was brought in Oct. 3 by McClure's company near Traverse City. JUST ABOUT DECIDED TO BE A DROPOUT!!" Business Highlights By JACK LEFLER AP Buiimsi Writer NEW YORK (AP) - Inflation keeps barreling along but gov ernment and-private economist insist that signs of. a 1 slowdow in the economy are becomini more evident. The cost of living climbed a an accelerated rate in Septem her to a record high after hav ing slowed a bit in August. This was dismaying news t the Nixon administration, bu officials said monthly figure are "somewhat erratic" an that scope of price moves in th July-September quarter was en couraging. The Labor Department re ported this past week that it consumer price index rose at a annual rate of 6 per cent in Sep tember, compared with 4.8 per cent in August. The actual increase of 0.5 pe cent in September boosted th index to 129.3 per cent of th 1957-59 average, which mean that staple goods costing $10 decade ago now cost $12.93. Another discouraging develop ment in .the battle against infla tion was the Commerce Depart ment's report that new factory orders for durable goods ros 5.9 per cent in September k $32.2 billion. This reversed th downward trend in August am was the sharpest increase sine the 6.7 per cent gain in Octobe 1968. Durable goods orders are con sidered an important indicato of Mure business trends. Paul McCracken, chairman o the President's Council of Eco nomic Advisers, said this pas week "evidence is accumulat ing" that the administralion's policies of restraint were begin ning to slow the rate of infla ·tion. By THE ASSOCIATED PRESS Today is Monday Oct. 27, the 300th day of 1969. There are 65 days left in the year. Today's highlight in hisotry: On this date in 1806, Napoleon Bonaparte's army occupied'Ber- lin. On this date: In 1858,' the 26th U.S. President Theodore Roosevelt, was proaching $4 billion. 1 * XT ^7 1_ (Advertiiement) Lose 10 Ibs, in 10 days on Grapefruit Diet HOLLYWOOD, C A L I F . (Special) -- This is the revolutionary grapefruit diet that everyone li suddenly talking about. Thousands of copies have been passed from hand to hand in factories, plants and offices throughout the U.S. Because this diet really works. We have testimonials reporting on its success. If you follow it exactly, you should lose 10 pounds in 10 dayi. No weight loss in the first four days but you will suddenly drop 5 pounds on the 5th day. Thereafter lose one pound a day until the 10th day. Then you will lose 1/2 pounds every two days until you get down to your proper weight. Best of all, there will be no hunger pangs. Revised and enlarged, this diet lets you stuff yourself with formerly "forbidden" foods, such as steaks trimmed with fat, roast or fried chicken, gravies, mayonnaise, lobster swimming in butter, bacon fats, sausages and scrambled eggs and still lose weight. The secret behind this "quick weight loss" diet Is simple. Fat does not form fat. And the grapefruit juice In this diet acts as a catalyst (the "trigger"), to start the fat burning process. You stuff yourself on the permitted food listed in the diet plan, and still lose unsightly fat and.excess body fluids. A copy of thli startling successful diet can be obtained by tending $2 to Citrus Diet Plan 5211 W. Jefferson L.A. Calif. S0016 Money-back guarantee. If after trying the diet you have not lost 7 pounds in the «rst seven days, another 6 pounds In the next 7 days, and 1/ 2 pounds evt-ry two days thereafter, simply return the diet plan and your $2 will be refunded promply and without argument. Tear out this, message as a reminder. Decide now to regain the trim attractive figure of your youth. He said there will still be months "in which many indicators will rise" but added that current policies, if continued, "will cool off the inflation." "There can no longer.be much real doubt that the combination of fiscal and monetary restraint is beginning to take hold," said Morgan Guaranty Trust Co. of N.York. "September's rise in the nationwide unemployment rate, the very slim gain for the month in personal income, and slippage for two months in a row in the index of industrial production are impressive evidence of the economy's slowing." The Pentagon said this past week that the $4.1 billion cutback in defense expenditures in an effort to slow inflation would eliminate 212,000 jobs--10 per cent of the work force--in the defense industry. Congress took tentative action this past week on legislation that could have tremendous impact on the housing and oil industries. The House passed a $4.9-bil lion housing bill. The funds would include $2 billion for urban renewal projects, $1.5 billion with which the Government National Mortgage Corp. could finance low-cost Federal Housing Administration and Veterans Administration mortgages, and $750 million for Ihe model cities program. The House bill differs from the housing bill passed by the Senate last month, and differences will have to be reconciled by a conference committee. The American Bankers Association endorsed a one-year extension of current authority to set ceilings on interest which financial institutions can pay on time and savings deposils. A flood of corporate earnings reports this past week indicated Ihe profit squeeze which was evident in the second quarter nad continued in the Ihird quar- ler. Among the most spectacular drops was that of Chrysler Corp., whose third-quarter earnings fell 87 per cent to $3.8 million, or 7 cents a share, from $29.7 million, or 63 cents a share, a year earlier. Despil .he decline, Chrysler declare ts regular quarterly dividend o 50 cents a share. xrn in New York. In 1912, the siege of the Turkish- city of Adrianpole began during the Balkan War. In 1920, the League of Nations transferred its headquarters from London to Geneva. Fair closed. In 1942, during World War II, [he U.S. Office of Economic Stabilization set a ceiling on sala- Northern Michigan Area May Contain Oil Reserves LANSING, Mich. (AP) - A Michigan oilman Thursday said billed by Michigan Commerce a large area of northern lower The 6,920-foot-deep well was Department officials as probab- The well, the Stale Union Well No. 1, reportedly has a production capability of 18 to 20 million cubic feet of gas daily. "You'll have to remember we've been working more than 10 years in the exploration for these strikes and various companies already have spent $25 million to $30 million, on the project," McClure said. One petroleum expert said Today in History ries of $36,000, after taxes. In 1962, Soviet Premier Nikita Khruschev offered to withdraw offensive weapons from Cuba if the Uniled Stales removed similar weapons from Turkey. Ten years ago: The United States demanded that other nations take steps to end trade barriers and said the U.S. de- the McClure well, by Itself would not be a very major find, unless it was indicative of several sucli welli that could be developed in Hi* area. Then, he said, it would \e a most valuable development. "There is a tremendous potential, McClure said, "but it will take a tremendous amuunt of dollars and tremendous , effort to realize it." McClure is Republican national commilteeman in Michigan and president of the Independent Petroleum Producers of America. The petroleum finds are believed to be in the Niagran reef, a geological formation that runs east of Manistee north to below Traverse City and extending east through the Gaylord area to south of Rogers City. It is roughly 175 miles long and averages 50 miles from north to south. Another well that added to the speculation recently was drilled by Shell Oil Co. It is called Lake Horicon Well No. 1 and is located near Gaylord in Otsego County. It is reported to be currently producing about 230 barrels of oil a day. "We know it is a favorable geological climate," said State Five years ago: Communist China's Premier Chou en-Lai said the recent ouster of Soviet Premier Nikita Khrushchev was "a good thing." One year ago: Czechoslovakia In 1940, the New York World's of the republic. The National po soon to say if it could help inance education reform. The returns probably would be modest in the immediate future." The state sold oil, gas and licit in balance of trade was ap- 5 eolo ° igl Gera ld ' Eddy. "We nrnapntntr U ml linn ". ... i n hope it will eventually reverse a trend downward in oil and gas production in the state." Michigan is ranked among the nation's 32 oil producing states at present. Some $55 million was realized in the state observed the 50th anniversayr last year from crude oil, gas and natural gas condensate pro Assembly unanimously approved duced in the state. a constitutional law establish- Michigan Gov. William Milli- ing in principle a federated ken said "We have no indicat- tion of a bonanza. It is much Czech-Slovak state. Mon., Oct. 27, 390!) GHEELEY TKIDUNE Page 5 mineral rights on some 560,000 Nov. 13, the State plans to offer acres of state lands for about for lease some 82,000 acres of $1,222,000 in August 19C8. On state land. QUALIFIED and INTERESTED Dorothy Martin Incumbent ZABKA FOR MAYOR Interested in YOU as a Citizen of Greeiey. I have been and will continue to be FOR GREELEY Ear-Minded so I can continue to be YOUR Representative "Well DONE Is Better Than Well SAID' Ben Franklin Foreign Doctors LONDON (AP)--Almost ha' of the doctors training in Britis hospitals are from overseas, ac cording to a government repor The Digest of Health Stalls lies said the proportion has rise 'rom 40 per sent in 1964 to 4 per cent in 1969. The main in :rease was in the Senior Hous Sfficer grade which rose from 55 to 66 per cent. A swinging babysitter. The Peterson Reclining Swing. 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(AHAM) · Slim-wall insulation -- store 1/3 more food without increasingfloor space · Fast freeze shelves -- let you freeze food quickly on any shelf · Ajfc/7 298 w/t 30-incJi f/ecfric Range · Simplest to cook on, easiest to clean, highest in quality · Flavor-Seal broiling with exclusive No Turn Speed-Broil (accessory) · Hug-outCorox» surface units in chrome trim pan remove'for fast easy clean up · Automatic timing center- Infinite heat controls give you precise control of 1,001 surface unit heats · 219 w/t Compare: You'll buy Westinghouse SERVICE BY OUR OWN FACTORY TRAINED STAFF HERDMAN ELECTRIC CO 809 10th Street 352-1810

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