Dixon Evening Telegraph from Dixon, Illinois on May 18, 1955 · Page 7
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Dixon Evening Telegraph from Dixon, Illinois · Page 7

Dixon, Illinois
Issue Date:
Wednesday, May 18, 1955
Page 7
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Stock Market Loses Zip; Brokers Have Explanation By SAM DAW SON I NEW YORK CP— The stock mar-Wet spiang a slow leak three weeks ago \Ndtching &tock pi ices going soft, the public took to the sidelines. The piofessionals, however, had a wide vaiiety of leady explanations and some are looking eageily for signs of lecovery and revival of public mteiest. The stock market lost its zip at a time when most of the news con tinued to be bullish. Good earnings reports, inci eased dividends, new recoids in steel production, gams Etw » ..,.1 JO' ROCKET DELUXE ; . -;^^mm mm mm mm tm § HELD I>" OfflO— Leo Cavey sits In police jail at Chardon, Ohio, after police said he acknowledged beating a wealthy Chardon mill owner, Alva J Williams. 80, and hiding the body Officers said Cavey, 43 led them to Williams' bodv Williams had been missing three days. (AP wirephoto) In indU3ttial output generally, and flood of optimistic predictions 01 en better times ahead— all of these seemed suddenly to lose their glamor. But it was the very same kind of news that earlier in the year was the unfailing excuse for bidding stock prices higher. Why didn't the same good news work in the last three weeks? Thev Look Ahead Brokers point out that stock traders don't buy because of what business has done, but Decause 01 what they think it s likely to do. Six: months ago the bulls decided that first quarter earnings some to be good The first of the •.car tr.ev jruessec: mai secuu'j quarter earnings should be good also. They anticipated the stock spin's, mergers and increased dividends, and the general pros perity. So stock prices were Did up high. Brokers sav there are other lea- sons for the maiket slowdown. Peace talk rose to volume, brokers note, lust about the time the mar ket turned soft. Businessmen would elcome peace But it is recog nized that one of the first results v leal lessening in world ten- which the American peopli could believe trustwoithy would be a demand that defense spending be cut further so that taxes could be lowered Just "Adjustment" None of this uncertainty and wondering, however, means that Wall Street is looking for a major break m stock prices. Most ob- rvers call the past three weeks period of adjustment after the long rise in prices, borne even s preparing the ground ior further advance. ;tock ticker writes its o\ story each day. You can look back : where you ve been, lou can not say for sure what the market is going to do tomorrow. F. X. Newcomer & Go. INSURANCE BONDS REAL ESTATE LOANS Phone 4-1821 Dixon, 01. Easy Budget Terms 1 • l-eycle Bnggs & Stratton engine • Non-slipping clutch • Elmco treated steel reel and lowtf • Diamond roller chain drive blade— stays sharp twice as long * Attractive chain iguird • Handy fingertip controls • Adjustable reel beanngi Set- complete line hand and power mowers of MASSEY'S ACE HARDWARE 88 Galena Avenue fhotie 2-0511 OPEN SATURDAY TILL 9 P. M. 4-wheel drive makes them the world's most useful vehicles! The family of 4-whtel ton vehicles Cooking Lesson ACftOS* 1 Pecs in the 4 Spanish — — * Filet o< 12 Grow older 13 Ledier entry 14 Individuals 15 Usad to catch fish 16 Lays bare 18 Farm machines 20 Eaten away 21 Correlative of- neither 22 Possesses 24 Places 26 Discord goddess 27 Posed 30 Each 32 Calm 34 Slacker 35 Correct 36 Country hotel 37 Pot covers 39 Chess piece 40 Mirth 41 Pronoun 42 Musical dra: 45 Holy war 53 Revise 54 French summer 55 Dispatched 56 French delicacies 57 Indian weigl DOWN 1 Cooking vessels 2 Curved molding 3 Enforced delay 4 Horseman 3 Passage in the brain 6 Critic 7 Australian ostrich S Flies 9 Atop 10 Dregs 11 Essential being 17 Thicker 19 Medicates 23 Shreds 24 Buddhist dialect WINNING CREW BERKELEY, Calif. (NEA1 — In the last five Olympic trials, dating back to 1928, California's crew has never failed to get into the finals 3 TIMES FASTER for GAS on Stomach •tified laboratory te today f orihe fastest k Answer to Previous Punle I II i \c\Mk A ol f«l6lulH|*l |s»|A|i-|Ste pi e 21 _ 5 g[&[^~| I lei Hi p| jg I 25 Preposition 40 Salute 26 Weird 41 Pursues game 27 Divides, as an 42 Harem rooms egg 43 Heap 28 Afresh 44 Level 29 Sea bird 46 Disturb 31 Place to store 47 and nut wine pudding 33 Heavy cords 48 Pitcher 38 Determine 50 Observe I It |H |l| \S |t> |7 | p p HO H 2 — "~ g~ I 1 Lw 5 — ifc ztQZ L_L-g %TTp __ WK — WFaIZMFK 30 t gpr % w fr__r ~ ^ IP WWW i ^ F $ j so ~~>T t T ZZZZ 2 fe| I I 1 'H 1 1 1 F 1 1 18 Name Your BUILDING NEEDS WE HAVE THE ANSWERS Complete Line of <Vll Steel Buildings. Farmers Financed Up to 5 l'rs. Lown Down Payment. Stran-Steel Products ALBERT PETERSON Salesman R.R. 1, Dixon, HI. Ph. 4-8091 KEMGLO ...The Miracle Lustre Finish LOOKS AND WASHES LIKE BAKED ENAMEL l . . Flows on so freely, evenly, anyone can get a smooth enamel job. Dries quickly to a tough, durable finish for kitchens, bathrooms, woodwork throughout the house! There is practically no limit to the usefulness of the vehicles in the 'Jeep' family. Ideal for normal highway use in 2-wheel drive, they have the extra insurance of 4-wheei drhe for tough going, on or off the road, in all kinds of weather. With power take-off. they operate a wide variety of equipment More important, they stand ruggedly ready to do your jobs 365 days a year. There's a 'Jeep5, vehicle to meet jour particular need. WILLYS... world's lariest makers ef 4-whttl tin trtkidts See the world's most useful vehicle".., 1 *259Qt s86' Gal. IN 24 DECORATOR COLORS Apply Kem-Glo omnrlngly .aiy— The Universal 'Jeep'... does hundreds of jobs. The 'Jeeo' Truck... America's lowest-priced 4-wheel drive truck w^^mm^mvkM)'a^mmu mm^^tmmmmmmmh^M^^mmLm. The 'Jeep' Station Wagon ... dual purpose vehicle for Bank Manager Clwses. Nam Young Robber DETROIT (Ji— The husky man ager of a newly opened suburban bank singlehandedly captured a lone gunman who held up the bank and fled with more than 52,000 m cash. When the gunman drove away from the St. Clair Shores National Bank late Tuesday, Manager Ber nard St. Germaine vaulted over the counter, raced to hia own car and gave chaae. For a mile and a half at speeds up to 70 miles an hour, the two cars flew along busy thoroughfares. Then a cement truck lumbered 1954 PUMPAGE 523,677,600 Gallons. Average Daily 1,434,400 Gallons. DIXON WATER COMPANY Into an Intersection and the robber's car plowed into it. St. Germaine shouted to bystanders: "Grab that man: he just robbed a bank!" Nobody moved, so St. Germaine grabbed him himself. He held the man until police arrived, then picked up the money which had spilled into the street. 'I just couldn't see letting him t away Scot-free like that," St. Germaine said. Dazed by the crash, the man offered no resistance Police identi fied him as Chailes J. Cadaret, 21, of Detroit, and held him for the FBI for investigation of bank rob bery. SEWERS CLOGGED? Why pay big money to have your front Uwn dug up whea dr«in«g« line* become clogged? Boytr's am«»-ini Septic Tank Cleaner and Drain Opener will remove roots, rags, paper, grease and other organie matter. Cost is low and result* are quick. GET SOME TODAY1 W. H. WARE Hardware for Hard Wear 211 First St. Phone 3-017] The Dixon Evening Telegraph— Dixon, fllinoli Wednesday, May 18, 1955 Town Drills for Water, Finds Oil FRED ONI A, Ky. (.ft— Two months ago this community launch- fund-raising campaign for a waterworks system. After raising almost $2,000 workers began drill ing for water. Tuesday the drill ent do'vn 265 feet ana nit on. i^x- PtgeT perts said the well may be one at the bes* producers in western Ken tucky. The search for water U etill TOUGH COMPETITION NEW YORK (NEA) — Tony Can-zonen, Jack Dempsey and Mickey Walxer, all former boxing champs, have restaurants within a block of each other on New York'i Broadway. mmW i II II I ■ mm Sluggish kidneys can make your life a misery of backaches, loss of energy, body pains or' tiredness fror-. getting up too often at night. DeWitt's Pills, with their flushing action, often wake up lazy kidneys . . . help them remove trouble-making body ties. DeWitt's healthful kidney cleansing may be just what you need to begin enjojing a happier life. Try low-cost DeWitt's Pills, used by men and women for nearly 50 years. GOOD/ YEAR RonootSalol IIV|JVHI WW* The newjow-cost with...' □ t-prked features plus tax and recappabU tirt Six* 6.70 X 15 Regular no-trade-in price $18.70 Several weeks ago, we introduced this tire at SALE PRICES! Your response was so overwhelming, we're repeating the offer to give other motorists a chance to strike a real bargain, too. This fine new Super-Cushion features famous Goodyear quality that meanx long, dependable service — exclusive Triple-tempered 3-T Cord body for extra strength — the same proved "traction-safe" Stop-Notch tread design that came on the finest 1954 new cars. Before you rid* another risky mile on smooth, worn tires, see us for Goodyear's new Super-Cushion, the low-cost tire with high-priced features! SAVE while the SALE is on! tOUl 010 TIRES ARE YOUR DOWN PAYMENT I 1 SALE PRICES ON BOTH BLACK AND WHITE SIDEWALLS „, . „ I Regular No I SALE I w, . ,, Regula, No SAIE Jlockwoll Trade.in PRICE with Wll<tewall Trade-in PRICE with S,"» Pnea Trade-in 5l1" Price Trade-in 6.00 x 16 S16 75t $14.25* 6.00 x16 S20 50t $17.40* 6 40 x 15 17.85f 15.15* 6 70 x 15 22.90f 19.45* 670 x 15 18.70T 15.95* 7.10 x15 25 35t 31.55* 710x 15 2070f 17.60* 7.60x 15 27 75f 23.60* 7.60 x 15 22 65f 19.25* 6 50 x 16 27.25f 23.15* 6 50 x 16 22.25f 18.90* tPlUS TAX *PLUS TAX AND RECAPPABLE TIRE ^m1—m^ ^mMM As low as M.25 a week for a PAIR! Trucker*/ A great Value! HI-MILER RIB trGOOD/VEAR • Long Tr*ad Ufa • Marc Roxaps • PVavad ParformaiKa SIO.95 * ^ ■ 6.00-16 •le (6 ply rpring){ MORE PEOPLE RIDE ON GOODYEAR TIRES THAN ON ANY OTHER KIND BOWARD TIRE SERVICE Phone 2-M51 Dixon, Illinois FRANK PERRY First ft Ottawa Ave. EAST RIVER ROAD PHONE 2-9501 m>frRRCHIVE® . frHRCHIVE*

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