Page 8 article text (OCR)
Eight Logansport, Indiana, Pharos-Tribune BABSON'S REPORT present real estate prices. We owe the automobile .industry a debt of gratitude for our present prosperity. It is"a bellwether of general business for 1958. It is, however, like everything else, subject to the business cycle and may be a cause of the next depression. Another probable cause will be the failure of one of the big corporations whose stock is among the "30 Blue Chips" of the Dow-Jone s Industrials. STOCK MARKET OUTLOOK 41 The "bloom is off the stock market." We will have rallies and reactions during 1958, but the broad trend will be downward. This is the first time for many years that I have said this in my annual report There is too much talk about missiles, bombs, and fallout. 42. While the stock market has been going up during the past few years, the bond market has been going down. The reverse will FLORA Expect County Health Nurse Will Retire Mrs. Esther Gregg, first public health nurse in Carroll county and county health nurse since 1921, is expected to announce her retire- .... _, , ..„ ment soon, effective Feb. 1, 1958. take place during 1958. While the stock market is going down, the The Ch-istmas party for the Psi j bond market will begin to creep upward. This especially applies to Tota Xi sorority was held in the lax-free bonds, the purchase of which I strongly recommend, library cliibroom It was highlight-! 43. Good cumulative non-callable preferred stocks will also be in e<i by the formal initiation into the demand during 1958. Owing to the money market, they recently suf- sorority of Molly Bishop and Joyce fered in price; but owing to lack of supply, they will be the first Burton stocks to recover. Remember, I am now recommending only high- Burton. The group decided to accept the Invitation from the Delphi chapter to act as assistant hostesses for mid-winter meeting in Indianapolis on Feb. 8. Reports were given by Mrs. Richard Ledmar. 1 , committee to chairman buy gifts of for the the grade cumulative non-callable preferreds. 44. The large fortunes made in the stock market have come from buying non-dividend-paying stocks at $5.00 a share or under. These will be the first to reach a buying level. If you are to buy these low- priced stocks, you should seek companies without too much cumulative preferred stock outstanding. This is the opposite of the "preferred" recommandation in paragraph 43! State School at Ft. Wayne and by Mrs. C. W. Ryan who delivered the gifts. Mrs. Meredith Butcher announced that cheer baskets were filled again this year. Mrs. Robert Julius asked members to go to the State Hospital at Logansport when the chapter gave its annual gifts to the patients there. The program was in charge of Mrs. Wayne Langston. Mrs. Gerald Harmon recited Christmas poems and Mrs. Daniel Brown sang "0 Holy Night". Gift/; Want Ads Help Women Befriend Hundreds of Pets r FREE-TO « 00 d lum*. 3 a part Fox Terrier: 1 Slicplierd; I par! < 7 Aii«lu! C . Ph. HO 3- ... Acting as a one-woman humane society, Mrs. Rose Fernandez has found good homes /or hundreds of abandoned dogs and oilier pels in the Stockion (Calif.) Record. n lint »<>nilrr nf rach I Tuesday Evening, December 31, J93T. Historical Group Hears Talk by Robert Whitsett Robert B. Whitsett, research director for the L'Anguille Valley Historical Association, addressed interested members of that group Monday evening on "The Migrations of the Potawatomi Indians into the Logansport Area". In a well-presented paper, 45. Large bank balances will continue to be a good investment indents a t Northwestern University. 1958. Many savings banks are now paying 3% to 3%% interest. These balances, however, should not be looked upon as permanent investments, but rather as a means of enabling you to have cash available when common stocks reach a low level. This time may NOT come in 1958. Here again, much depends upon President Eisenhower's condition. 46. Although many corporations interested in atomic energy, Electronics, rare metals, and other growth industries will become more prosperous and profitable to investors, some of • these new companies will be wiped out. Hence, investors should be very careful in connection therewith. 47. Utility stocks should hold their own with regard to dividends and marketability. Electric power wi'll always be in demand. 48. Most railroad stocks should be avoided. Most passenger busi- were exchanged. Assistant hostess- ness is now being operated at a loss. Trucks, busses, airplanes, and *>= WWP Mpclnmp^ Rill Avres Ken- private automobiles will ultimately force the government to take over The CWF will meet at 1:30 Thursday in the home of Mrs. William Ayres, with Mrs. Galen Shope as program leader. A watch-night service will be es were Mesdames Bill Ayres, Kenneth Knapp, George Flora, Daniel Brown, and Gerald Brown. Mr. and Mrs. Howard Herr and private the railroads. In the meantime, the securities of the long-haul railroads, which specialize in heavy freight, will be the best to own. The short-haul roads should be avoided by investors. family of Tennessee spent from I 49. Notwithstanding the above, we cannot now become panicky or Monday to Christmas afternoon too bearish. Our country is not now operating on the Gold Standard with his aunt Mrs R W Brookie. which was responsible for many of our national crises, but is now on Mrs Dorman Gwinn, Bringhurst, a Political Standard. Although Newton's Law of Action and Reaction has been admitted to St. Joseph's j must continue to operate, yet Congress can for a while lengthen the •• - - • prosperity cycles. This it will attempt to do even if it requires an aconomic dictator to temporarily regulate money, wages, prices, rents, taxes, and industry in general. I cannot forecast disarmament in 1958. It appears to me now, however, that the present race in guided missiles, atomic underwater navies, surprise satellites, and other tremendously destructive military equipment could utimately rob us of our freedom and turn us back to slavery unless disarmament becomes a serious goal. The Sputniks should hasten either another military world war or the elimination of world wars. Sputniks should shorten the cold war now in progress. 50. Speaking realistically, the hope of the United States and the world depends upon our spiritual relationships. Only as we grow spiritually, along with our material growth and military power, can the world be kept in balance. Therefore, my final appeal is for the support of all churches of all denominations and their ministers, priests, and rabbis who are carrying the torch of righteousness. hospital, Logansport. Mrs, Opal Smith, Flora, was granted a divorce in Carroll circuit court from Lawrence Short. Miss Lesla Hausenfluck and Mrs. Laura -Brim visited Mrs. sister-in-law, Mrs. also Grace Smith, Mary hostess in January. Brim's Pullen, Walton. The WCF of the Mt. Olive Methodist church, near Flora, held a bake and chicken noodle sale at the Flora Hatchery Saturday. Mr. and Mrs. Jesse Yeager of Washington township have returned from a Caribbean tour. They visited Puerto Rico, Virgin Islands, Dominican Republic, Haiti, and Jamaica. Mrs. Yeager ran into a former Flora resident, Mrs. Agatha Wheeler, at a hotel in Caridad, Dominican Republic. Mrs. Elsie Ross went by plane to Macon, a. to visit her daughter and husband, Mr. and Mrs. Walter Moss and family. ;. Russell Cole of Delphi has been named custodian of the Carroll County court house, effective Jan. 1. He succeeds Lawrence Whistler •who retired. The Carrolltonettes Home Demonstration club met at the home of Mrs. Junior Snider for its Christmas party; 19 members attended. | day morning for a Christmas visit Kew -officers installed were: ,wilh her parents, Mr. and Mrs. B. sneaker told the routes taken by various bands of that great tribe ir. "colonizing" particularly northern Cass county, and adjacent areas of Carroll, White, Pulaski, and Fulton counties. The address was illustrated by a dozen large and attractive maps provided by the National Geographical Society, the Canadian province of Ontario, the Pennsylvania Railroad, and various departments of the Indiana, Michigan, and Wisconsin stale governments. President Russell D. Pierce pre! sided at the meeting which was Harrington, Mrs. Neila M. Hendee, Dr. F. J. Herrmann, Harry H. Hus- i.on, Louis Kasch, Floyd Keever, and Asa Smith. Officers, all unanimously reelected for next year, in addition to President Pierce, include Char- the,its D. Murphy and Charles Duret SPEAKS AT ROTARY Weldon Bleiler, graduate of Lo- |; ela . in( . ther pu , b f ic . parlo [ s Kenneth Cooke. Mrs. Blue will be|Lynchburg, Va. with the class of !l955 and is now a senior at the Mr. and Mrs. Ross Allen spent'university of Kentucky College of Christmas in Michigan City with Law jn Lexington Ky> their son, Bill, and family. member of the Alpha Delta Pi so- Mrs. Nellie Hawkins is in Flor-, ror it y> He is now with the law ida with her sister, Mrs. Grace j tirm oj Lane ara j Briggs in Flora. Rush. Mr. and Mrs. Austin Cromer and Kathy were Christmas guests of her parents, Mr. and Mrs. Hammer The Cromers visited with her two daughters and families in Muncie. Rev. and Mrs. Elbert Smith and family went to Charlotteville Tues- The wedding will be in Ashland, Ky., date, not yet set. Mr. and Mrs. J. V. Moon of Flora, route 1, are the parents of a son born at Memorial Hospital, Logansport. Hollis Keating of route 1, Flora has been dismissed from Memorial Hospital, Logansport. Richard Leiter has been appoint- held at the Baptist church on New Year's Eve, at 8 o'clock. The public is invited. Mr. and Mrs. Joe St. Amand have received word that his son, Joseph Maxim St. Amand and his bride of a few weeks, have returned from a honeymoon trip to the Hawaiian Islands. They are now living at China Lake, Calif. Marine Pvt. Jerry L. Jenkins, son of Mr. and Mrs. Charles E. Jenkins of Flora, has completed four weeks of combat training at the Marine Corps Base, Camp Pendleton, Calif. Mr. and Mrs. Gene Hipsher and daughters left Saturday for their home in St. Petersburg, Fla., after a Christmas visit with her mother, Mrs. Lucy Krauss and other relatives in this area. Mr and Mrs. Russell Goebel and family were recent guests of her mother, Mrs. Elsie Foster Ross who accompanied them to their' home in Fort Wayne and from there they flew to Macon, Ga.. to visit Mr. and Mrs. Walter Moss and family. The Calvin Wagoner house in Bi-inghurst has been sold to Forest C Ayres who lives on State Road 75 Jack Douglas of Flora and Mr. and Mrs. Robert Douglas of Lafayette, drove to the Weir Cook Airport in Indianapolis Friday night to put a beagle pup on the plane for Holland, to Lt. and Mrs. David Clegg. Mrs. Clegg is the daughter of,Mr. and Mrs. Raymond Douglas of Flora. gansport high school last year who received the Rotary scholarship and is attending Northwestern University, was the guest speaker at the Rotary meeting Monday at the K. of C. hall, telling of his college experiences. . ( . r ,. Production Credit Association build- Read the Classified Ads Hume, vice-presidents; R. B. Whitsett, secretary-treasurer; and Wilbur E. Zieg. chairman of the board' of governors, which is composed also of Don Crain, George E. Mes- Rites Wednesday For Akron Woman AKRON — Rites will be held at 1:30 p.m. Wednesday at the Sacetz Funeral Home in Akron for Mrs. Laura E. Long who died Monday at the home of her daughter, Ruth M. Nye of Akron. She had been ill five years. She was 89. Rev. D. L. Slaybaugh will officiate at the services, assisted by Rev. Claude Fawns. Burial will be in the Akron cemetery. Friends may call at Uie funeral home. Mrs. Long was a resident of the Akron community all her life. She was born in Miami county on July by rural routes. The speaker discussed the rela tions of the Polawatomis wfth their Miami Indian neighbors, and the strange effect of the War of 1812 on the aboriginal history of the Logansport area. QUICK CHANGE ENDICOTT. N. Y. — Police to Robert ; |er Chestnut. In 1893 she was mar- jried in Miami county to Harvey Long, who died in 1936. Mrs. Long was a member of the Akron Methodist church, the WS- CS, and the Loyal Workers class of that church, and of the Akron Home Economics club. Other survivors include t.hree grandchildren, three great grandchildren, and one step grandchild. ing. across North street from Court; Chief Leoti Coleman said one of Park, in downtown Logansport. Re-1 his officers stopped a speeding ports were received from active! chauffeur - driven limousine and committees, and a memorial ser-Basked what all the hurry was for.Fezekas, 74, _East Chicago, died vice, was conducted in honor of the The woman in the back seat ex- DIES OF INJURIES EAST CHICAGO (UP) — John following members whose deaths were reported this year: Carl Billman, Ralph David, Barton A. Fowler, Thomas R. Gillespie, 0. L. plained that she was wearing her nightgown under a housecoat and wanted to get home quickly to change clothes. Monday in St. Catherine's Hospital of injuries sustained when struck by a hit-run driver Dec. IR. Fezekas was East Chicago's seventh traffic fatality of 1937. Mrs. Jerry Blue, president; Mrs. Richard Ridenour, vice president; Mrs. Meredith Miller, secretary; Mrs. William Kuszmaul, treasurer; and Mrs. William Seward, publicity. Mesdames Blue and Snider gave Christmas devotions. Mrs. Franlc Goff and daughter of Young America and Miss Marjorie Barber presented a program of Christmas music. Miss Margaret Mabbitt was a guest. Refreshments were served by the hostess, assisted by Mrs. II. Armontrout and family, who will move to North Carolina soon to live. Dr. and Mrs. D. L. Hoffman of Akron spent Sunday with their son DeVere, his wife and sons. Twelve Initiated Into Eagles Lodge Twelve candidates were initiated into the Eagles lodge Monday night by the local drill and degree team. It was announced that the lodge will conduct a banquet for the , . . , , , ... , t , Eagle Braves, 1957 Pony League ^ m ™ S A r!a . °L°L h l ° State ° f : baseball champs,, at 6;30 p.m. Monthe late Daniel Trobaugh. Mr. and Mrs. Marvin Duncan of Downers Grove, 111., have announced the marriage of their daughter, Nancy Jo, to Walter J. everc, HIS wuc cum bulls. ° > •> —' — Mr. and Mrs. Thomas Burchett | Curtis, Jr., of Bringhurst. They of Ashland, Ky., have announced I were married in the Bringhurst the engagement of their daughter,.Methodist church Saturday. Florence Anne to William J. Briggs, I The groom is the son 1 of Rev. son of Mr. and Mrs. Jesse Briggs and Mrs. Walter Curtis of Bring- of Flora. : hurst. Rev. Curtis performed the Miss Bruchett is a graduate of ceremony. The couple will live in Randolph-Macon Woman's College, : Evanston, 111., where both are stu- | day, Jan. G, at which time jackets and trophies will be awarded. Election of an inside guard is set for January 8. Talks were given by Ray Ristedt on membership and C. R. Berndt on Patron Eagles. Attendance awards went to T. F. Willy, Ray Ristedt, C. R. Berndt, Paul Farrer, and C. W Ferguson, and Patron Eagle awards went to C. W. Zimmerman and Charles Reese. : YOU CAN WRITE YOUR OWN PROFIT MAKING WANT AD! CLIP AND MAIL TO PHAROS-TRIBUNE & PRESS LOGANSPORT, INDIANA Please insert this Want Ad for days. 1 prefer to start my Want Ad on Write your od in the spaces below. If you want your name and address in- cluded in the ad, WRITE THEM IN ALSO. Write only one word to a space. Please print. Words (10 Words Minimum) 10 15 20 25 Figure Your Own Cost 10 Words—1 Time — 90c 10 Words—3 Times—$1.60 10 Words—6 Times—$2.20 15 Words—3 Times—$2.40 15 Words—6 Times—$330 TAKE 10% DISCOUNT FOR CASH WITH ORDER! Clip and Mail to Classified Department, Pharos-Tribune & Press Your Name Your Address. MORE THAN $ 164,000 PAID TO OUR SAVERS FOR THE SECOND HALF OF 1957 Why don't YOU join this happy group of savers? You Can Share in these above- average earninqs by starting saving with us now. YOUR INCREASED SAVINGS and the steadily growing number of FIRST FEDERAL SAVERS has made 1957 Our Greatest Year. Dividends paid for the full year 1957 exceed those of 1956 by 39%. Save by January 10th - - - Share One Full Year's Earnings. CURRENT RATE Per Annum for 'nsured Savings 314 Fourth St. ASSETS OVER 121/2 MILLION DOLLARS WHERE you save DOES make a difference!