OCR Text |
Show SW1WWW V4- Vnnm W pB Optimism Abounds For Latter Part Of 1958 market into the latter part of By ELMER C. W.ALZER United Fres Financial Editor next ear "all Street At the end of 1958, says Gc"ild NEW YORK, i!P frowns so much when it tries to M. Loeb, a senior partner of talk about early 1958 that it's E. F Hutton & Co., businessmen find should ot to projecting business and the and shareowners themselves in a much more satisfied and optimistic frame of mind compared to their feelings and positions today. This is a contrast with the end of 1956 when industry piedictions Cornish i Margaret Petersen Entertainsweek Guest of NtA GUESS WHO? Thiplf Its none other than middleweight champ Carmen Basilio wearing an actors robe and scarf as he relaxes at the Riviera Hotel in Las Vegas, Nev. Carmen, offered a night-cluengagement by the hotel, commented. Sugar Ray Robinson made a buck here and if the part's right, 1 may take a swing at it. b BY Ml RL KEXDEI.L Mrs. Rose Raymond of Smith-fiel- d has been a house guest of Margaret Petersen for the past week. Mrs. Nettie Hall, Mrs. Laura Brown, Mrs. Ellen Mikkelson, Mrs Sheby and Mrs. Lillie Lar- sen were visitors of Anna Jensen and Rosa Pitcher during the week. Mr. and Mrs. Edward Claysor. have returned from a ten day vacation m Arizona and Los Angeles. Mr. and Mrs. Joseph Myler and family apent Sunday afternoon at Robin, Idaho, guests of Mr. and Mr, "ayne Wheatley. Work Meeting Agatha Allen of the Benson Stake Relief Society presidency visited the ward Relief Society meeting on Tuesday. Flora Rich-ma- n piesented the lesson, Copper pictures and planters were made under the duection of Vivian Rosie Pitcher and La Verne Basset served refreshments to women present. the twenty-thre- e Margaret Petersen and Rose Raymond were Sunday dinner guests of Mr. and Mrs. Vjctor Rasmussen of Clarkston. Mr. and Mrs. Clifford Samsal spent the past week in Brigham City visiting Mr. Samsals mother, who has "been ill. n Mr. and Mrs Douglas A. are vacationing in California. House Guest Mr. and Mrs. Herschel Neeley of Cedar City have been house Ber-geso- Rail Collision Injures 16, None Seriously OAKLEY, Calif. M Sixteen persons were injured Sunday night when the speeding Santa Fe atreamllner train Golden Gate limited smashed into a stalled car at a crossing here and teas derailed. A United Press check of hospitals in the area disclosed 15 passengers and a crewman were treated for Injuries. None of the victims was reported in aerioui condition. Eight of the trains ten cars left the track and were scattered area. Although along a half-mil- e the train was traveling at better than 65 miles an hour, none of the cars overturned. The driver of the auto Jumped ut before the tram hit and was pot injured C. J. Smith, editor of Oakleys only paper, the Diablo Valley guests the past President and Mis. Claience Neeley. Mr. and Mrs Gilbert Bingham and Mr. and Mrs. Jack Pearce of Lewiston visited relatives in Ogden on Wednesday. Mr. and Mrs. Roland Johnson and Mr. and Mrs. Bryan Berge-so- n attended the annual Christmas party of the 7th Quorum of Seventies, held Friday evening in the Lewiston Third ward Mr. and Mrs. Joseph Myler attended the Christmas social at the Kiwams Club m Smithfield. The party was given by The Herald Journal for the companys . employees. Helen Funk of Richmond and LaVerna Price were speaker at the Sunday evening aervice. Dr. Kenneth N. Cutler of Preston furnished two piano selections, Stake Social The Benson Stake presidency, Clarence Neeley, Cliff Wiser, Thilburn Holt and Stake Clerks Sylmar Jessop and Stuart Richards, entei tamed the Stake High Council and their wives and the following special guests. Elder and Mrs. Alma Sonne. Patriarch H. Ray Pond and Mia. Pond, and Mr. and Mrs Herschel Neeley of Cedar City, at a dinner party at Calvin the Bluebird in Logan. Funk was master of ceremonies Elder Sonne was speaker for the occasion. Mr. Herschel Neeley sang two numbers and Mr. and Mrs. Loion Johnson of Logan rendered several vocal selections. fidence which wtt! be epurred ea by easier money, renewal of Inflation psychology, and increased defeme expenditures. The uptrend will come, saw a good fust half followed by he a decline. In that they weie says, after the outlook for automobiles and capital goods imright There gloom in W'all Street proves, signaling a recovery for just now, but Loeb thinks that the whole economy. Economic Statistic Helpful many of the causes of this gloom An examination of accepted are being eliminated. He lists ' them. economic statistics in helpful In Overvalued Stocks Descends indicating possibilites, he sad, but it never gives the true tunMany stocks that weie overvalued have already descended to ing of a turn. Such statistics do levels of reasonable value, and not reveal the timing of the downtheir technical situations have turn, and they will not forecast improved, tight money and a the upturn until after it it an weak bond market have given actuality. Decisions on capital and perway to an easier credit policy and a strong bond maiket, and sonal expenditures, or on the size government mistakes in the hand- of inventories are made by men; ling of defense orders and pay- and men's minds are infuenced ments are being rectified. by their hopes and fear. If they Loeb believes that in all likeli- read about growing unemployhood 1958 will see a resumption ment, they tend to increase their of debit financing, business ex- savings. If they read about dethe inflationary clining sales, then capital expansion, and spiral. Hence he sees no long penditures and inventories are cut The same economic psychodrawn out depression. He doesnt thmk a business re- logy holds true in the opposite covery and a bull market can be direction. He holds that in the final analbuilt mainly on a prosperity in consumer goods such as cigar- ysis the recovery in 1958 wnll stem from a restoration of con ettes and drugs I - JOURNAL THE HERALD Todays Best Bet! Blessing 0 CHRISMS Ilay the faith led the Three Wise Men Cream of fill . and good iti Whiskey 960 North Mailt Phone 421. W KENTUCKYS FINEST WHISKE- Y- BLEND 86 PROOF. 70 GRAIN NEUTRAL SPIRITS. SCHENLEY DIST, INC, FRANKFORT, KY. track. ttei 1- Uranium, raw material of atomic energy, is found in minute quantities in the human body. Considered the most beautiful American opal, the Roebling opal was found in Nevada. It weighs 530 grams. ' v-- I its. (fit. KENTUCKYS FINEST 86 PROOF 70 SCHENLEY WHISKEY- -A GRAIN NEUTRAL -. f.K JL it e Utile lorn mox Id a join ti of HBtfdfttm o long a jo. Jack s Applianc "with Smile Service" .1065 a -- , lit , r? ? 1 1 fijmt BLEND SPIRITS. DIST., INC, FRANKFORT, ttauhfid mmayt of (teas and jood vill itial mai tout in t' 44 tracks. North Main, Logan, Utah KY. of the University who have helped us in meeting our great jectives in: Education, Research, Extension Services. ob- May we all grow and serve together in the days ahead. UTAH STATE UNIVERSITY OF AGRICULTURE AND APPLIED SCIENCES LOGAN, UTAH thk Premoco Service Reasons None of them overturned, but they were scattered along the ripped up roadbed for a half mile, all tilted at crazy angles," Smith said. Smith, one of the first to reach the scene, laid there was no panic among the passengers. They sat quietly In their cars and waited for someone to tell them what to do, he said. One cf the 121 passengers said he wasnt aware of the collision but when the engineer hit the emergency brakes it felt like the tram waa lifting right off the will Christmas time. Christmas time gives us an opportunity to express thanks and appreciation to our students, parents, alumni and friends timed ty to His manger your heart with love Feel Dry? Try... News, said the cars broke away from each other as they left the that ' |