Greeley Daily Tribune from Greeley, Colorado on June 28, 1957 · Page 9
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Greeley Daily Tribune from Greeley, Colorado · Page 9

Greeley, Colorado
Issue Date:
Friday, June 28, 1957
Page 9
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DRG Gained in May Over One Year Ago DENVER (Jl -- Groii revenues ind net Income of the Denver ind Rio Grande Western RiUroid bo'Ji inereiied during May orer the time month Uit year, the railroad reported Thurtdajr. Iti iron revenues for May were (7,1(1,587, an Increase of $119,315 over the sime 1956 month, the company "M la * statement Net) Income lait month amounted to up W0,6« over that of Mir IKt. It reported operating eipensei (or May totaled $4,733,12], an increase of Ra.201 from the month last year. Carloadinii dropped by 1,312 can from May, 1956, to 40.410 last month, the railroad laid. Local loadings were down 733 can WEST COAST LUMBER $75rOU per 1,000 and up Ward's Planing Mill and Lumber Co. 23rd Avenue and 1st Street Phone 4141 toft goodi and Increasingly for| services of all kinds. Trice rises color all the statistics. A gain la dollar volume doesn't mean a similar rise In unit aales--or, from the purchas- er'i angle, an increase in unit purchases. A man may be spending ju.«t as much as last year (that U, all he can) end still not NEW YORK W-At adding an;- unit volume to his they've stopped talking about Hie!purchases--sometimes he may be Rise in Prices Marks Business By SAM DAWSON Mile High Boys " Amed Band Will Parade with other railroads dropped 599 bocm-U by boom you mean butl- buying fewer things. ·Trade-Mark Registered by KootVent Metal Awning Corporation of America, Licensor IF YOU CANT AFFORD ANYTHING BUT THE BEST, CALL RIGHT NOWI1 NO OBLIGATION. KoolVent Awning Co. 2401 Brentwood Phone 4711 ness climbing hither In a nurry. Today business men say, depending on which line they're in, "Business Is pretty good and should pick up in the tiV, or "Busmen is slow with us no* and we're cutting back a little more, but the worst seems over, or should be auwi." The first half of .957 saw w i d e j and audden swings in business, lentiment. Worry over the future' confidence In the future stepped on each other't heels as they changed places in the business parade and ia the stock market But the over-all statistics didn't justify either extreme. The gains were moderate, compared with ·ecent years. The losses were, too, in most lines. Still rUiag prices pinch the consumer, particularly the one whose income isn't rising. Still rising costa of labor and materials pinch {consumer and Hit businessman in the profit margin of the businessman, particularly where competi-]^"TM, 1 ,'J,~ n ;' on ,h,V lion U keen enough to keep him torn passing all his increased costs along to his customers. It's been an up and down year, with the ups and downs thoroughly scrambled. More or* less painfully adjusting to new patterns of MAGNAVOX Hi-fi and TV SALES and SERVICE Weld County Garage Phone 32 NIGHT CALLS -- PHONE 4784J Personal income, totals have climbed slowly all year--but for miny individuals that isn't so. Wage scalet continue their general tendency to rise, but employment in manufacturing companies U off a little and work weeks are shrinking. The average weekly take home pay of factory workers hasn't risen as fast of late as the st of living. Other segments of personal In eome have been rising. Dividend payments are up, interest payments are higher, rents creep higher here and there, fees for services rise, and the total paid out as social security benefits has taken a suable spun. Tight money has hop skipped through the economic scene all year. At first, it was the whipping boy of home builders and communities wanting to build schools. At midyear it is the center of attention in Congress. TOMORROW: Th. outlook for consumer buying have been the makers of autos, farm Implements, household appliances, the builders of homes. Also adjusting hive been the industries that supply manufacturers, who in most cases have been busily trimming their inventories and skimping on new orders. Producers of copper, lead and line have been slashing prices in a vain attempt, 10 far, to find more buyers. On the other hand, steel and aluminum makers are getting set to hike their prices, citing upcoming wage boosts. Taking the high road in the economy are those who supply the v a r i o u s governments, whose spending has been increasing. As Windsor WINDSOR--Virgil Kraft, a grad- The Mil^IU Boys' band, whose main objective U citiienshlp through music, will again, at it has for the last four yean, be here in Creeley trying to win top honon la the Fourth of July pa rade. This organization hai a remarkable record of three first places and one second place won here In the P-..; About 90 per cent of the members of this band have received the "superior" rating at the state solo contests. This band is composed uf about 300 boys from the a£e» of tcven through 16. The band has a governing rxiard composed of nine parents and the two band directors. The Mile-Hi band is actually five bands in one -- beginners, third, second, first, and concert. The rate of progress from begin- ers to concert band li determined y individual industry rnd profi- ency. The band is directed by George . Roy, nationally recognized as a usician, teacher, and conductor, e has directed youth bands in olorado for over 30 years. Jack Stevens, who studied music t Colorado State College before orld \\*f II and In 1955 received is master of music degree at SC, serves as assistant director. Blndtl It Liam German Tvt Wilfred J. Bindel has been selected for an Intensive six- month coarse of Instruction In Germau at the U.S. irray language school In Monterey, Calif., under the army'a atepped-up program for overcoming a critical shortage of skilled linguists. Pvt. Bindel, the aon of Mr. and Mrs. Albert W. Bindel, of aouth- Friday-, June 28, 1957 GREELEY TRIBUNE Page 9 east of Evans, wai graduated from Greeley High school In 1951, and attended Sltnt Thomas Seminary, in Denver, ler one year before entering the military lerviee. Upon completing his present course of study, Pvt. Bindel will be prepared to act as translator or interpreter, able to converse freely In German, as weU aa to read and write the language. Overdoing; It AKRON, Ohio in-Some boys put pin-up pictures In their school lockers but three over zealous collectors at a local junior high school decided they wanted something better than paper dulls. A 13-year-old girl student complained to school authorities that the trio locked her up in one of tLeir lockers. uate of Windsor high school and of Colorado U n i v e r s i t y , was awarded a master's degree at the University of Southern California June 15, as an electric engineer major. While working for hij master's degree, Kraft has held a position with the Jlughes Aircraft corporation. He and his wife, the former Donna Erbes, with their 'J month old son, Steven, will arrive at the Stapleton Airport at Denver June 23 on a 17-day vacation which they will divide with Windsor relatives. Their parents, Mr. and Mrs. Carl Kraft and Mr. and Mrs. Henry Erbes Jr., will meet them at the airport and they will be guests at dinner at the home of Mrs home building slid, public build- Kratt ', brother, Jerry Lchr in Den ing gained, and business itself has kept up its spending on new plants and equipment. The consumer has gone on spending most of the money he can lay hands on for / MY FR5ENDS, Mr. Don McBride is now manager and operator of The Frontier Truck Stop and Bulk Plant it 102 k 8th Ave. You are still assured of the finest quality products and service. Tank- wagon deliveries will be made immediately. Phone 2357. \ vcr that evening. The couple have had an apartment in F-nglewood Calif., while Kraft has been work Ins towards his decree. Miss Laurencia Palmquist, a stu dent at Loretta Heights at Denver is at the St. Frances hospital a Colorado Springs for the summe as a part of her training. Mr. and Mrs. P. V. O'Kelly Cheyenne, who were en route their summer cottage at Est Park, stopped at Windsor to vis Mrs. Jessie Coon and her son. Bo Miss Clara Domer, who jccom panied them to windior. is spend iat a few weeks here with her si ter. Mrs. Charles A. Flinn and he sisters, Mrs. Ted Kuhle of Denve and Mrs. Nettie Spirek of Hug returned Sunday from North Fork Neb., where they visited their sis ter, Mrs. John McKeowea, who i very seriously ill in a hospital o the city. They made the trip b train from Denver. Mr. and Mrs. Robert Lohry Fort Collins have announced th birth of a son June 2i in tne Lar mer County hospital. Mrs. Lohry is the former Colleen Clous, dauch ter of Mr. and Mrs. William Clou of Greeley. The paternal grand parents are Mr. and Mrs. Andrew Lohry of Windsor. Robert Lohry was transferred from Windsor t the Public Service company's Fo: Collins area last fall. Friendly service on the drive! Unequaled pcrform- | ance in your ear when you · use Frontier Platinum or . Bronze gasolines. You'll . like Don McBride and his » friendly employees. \ \ / V / USE THE TRIBUNE WANT AD Greeley Resident, are guaranteed the finest quality ondsemee Don McBride hoi been a lucceuful oii man for 18 years. The Frontier Refining Company is proud la h.T. him «. their man.j.r at th. 102 N. Sth Avenue Frontier Truck Stop and Bulk Plant. Phone 2357 for rural deli.eriet. Your order will 9" P""ipt ·"·«· t'on. THE FRONTIER REFINING COMPANY NOTICE CAHI'ENTERS OF LOCAL 418 Mettlng Nljhti: Ut »nd !rd Mcndlyt t DAV Hill, 7:30 Plent Attend. (iwanis Club Sees lock Exchange Film The Greeley Kiwanis club Thun- ay added a new member and aw a film produced by the New 'ork Stock Eichange. Kiwanis will meet neit on Tuesday, July 2. The new member is Clifford Dean, a resident of Greeley seven ears and a certified public ae- ountant with offices in the Gree- ey building. He and his wife, fan, and two children. Donna, 6. and Clayton, 2, live at 2113 Seven- eenth street. The film was brought to the club by Carl McKinley of the McKiney Investment company. Entitled Your Share of Tomorrow, it charted the history of the stock market and its future. On July 11, General Lewis B Hershey, chief of selective sen-ice, will be the speaker at joint meeting of aervice clubs. He comes at the invitation of his former assistant. George Irvin. W» gi» "S * H- Ifamp« at rour friendly Rtiall Storai-- Glttwrl-Bltlwp a n d W » l d » f » d i Drvgi--Ail*. PENNEY'S A L W A Y S F I R S T Q U A L I T Y ! Penney** lights the way to summer in LITTLE WHITE PETTI- SHELLS ive it to Penney"* I to go with the fuhiona Misa Teener Ujres In and loves 1 Real Penney value, too, 'cause Petti-Shells are expertly crafted in cozy, cozy kid. Look Gala ... cushion insoles to soften every step ... streamlined styling to make 'em rate raves! AA-B widths, sizes 4 to 9 3.98 Charter No. 3178 Reserve District No. IP REPORT OF CONDITION OF FIRST NATIONAL BANK of Greeley, Colorado, in the State of Colorado, at the close of business on June 6, 1057. Published in response to call made by Comptroller of the Currency, under Section 6211, U. S. Revised Statutes. ASSETS Cash, balances with other banks. Including reserve balance, and cash items in process of collection .? 3,992,933.86 United States Government obligations, direct and guaranteed Obligations of States and political subdivisions . Other bonds, notes, and debentures Corporate stocks (including 160,000.00 stock of Federal Reserve bank). Loans and discounts (including $1,033.32 overdrafts) -Bank premises owned $1,000.00, furniture and fixtures $39,556.40 _ (Bank premises owned are subject to $ (none) liens not assumed by bank) Real estate owned other than bank premises Investments and other assets indirectly representing bank premises or other real estate . Customers' liability to this bank on acceptances outstanding -Other assets . -- 9,006,506.28 412,269.39 148,979.33 60,000.00 6,626,549.03 40,556.40 TOTAL ASSETS. DO BUSINESS WITH THE MAN YOU KNOW It-it $·*;*. Mj'.. Grt»'«r Office LOANS lake, Uie Swuuu culoj ...with th« fastett, mott eon- vtnitrt, eaiy-orvtht- budget loan it U posu'bli to get. W« loon cny amount, large- or small, and arrang* pay* mtntt to suit your tncomt. SECURITIES C R E D I T »M tlk «»·»»· C O R P . Or..l«f, C.I.. LIABILITIES Demand deposits of individuals, partnerships, and corporations _ Time deposits of individuals, partnerfhips, and corporations -Deposits of United States Government (including postal savings) Deposits of States and political subdivisions Deposits of banks Other deposits (certified and cashier's checks, etc.). TOTAL DEPOSITS . |16,627,S90.72 Bills payable, rediscount*, and other liabilities for borrowed money Mortgages or other liens, none, on bank premises and $ rone, on other real esUl« . Acceptances executed by or for account ol this bank and outstanding Other liabilities 37,000.00 2,700.00 None 674,364.82 20,001.859.11 T.70-1,571.04 7,240,406.32 559,819.93 818,035.30 64,539.62 250,618.45 None None None 43,458.63 TOTAL LIABILITIES. CAPITAL ACCOUNTS Capital Stock: (a) Class A preferred, total par, none, retirable value, none (Rate of dividend on r»tir»b!e value is %)· (b) Class B preferred, total par, none, retirable value, none (Rate of dividends 0:1 retirtble value is ' ) (c) Common stock, toUl par 11,000,000.00, _ Surplus . -------Undivided profits .--· Reserves (and retirement account for preferred dock) TOTAL CAPITAL ACCOUNTS -- 16,671,449.35 1,000,000.00 1,000,000.00 1,330,409.76 None TOTAL LIABILITIES AND CAPITAL ACCOUNTS ._ 3.330,409.76 20,001.839.11 IE.'; :-.. B 8,426,632.81 MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes ·· I, Wm. J. Lynn, Ouhier of the above-named b»rjc, do .olemnly iwear that the above statement Is true to the best of. my knowledge and belief. Correct-- A tteit: R. H. Thomas Chas. A. Gregory John W. Henderton Directors . thU 27 day of Jan.. 1HT, or director of thU bink. My commission e jpi«lJf»rcn 73, I860. Edward ,JV. ;»m«i, KoUry Public. » j

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