The Daily Banner, Greencastle, Putnam County, 2 January 1956 — Page 4

THE DAILY BANNER, GREENCASTLE, INDIANA, PAGE FOUR MONDAY, JANUARY 2, 195ft.

IN MEMORY In memory of Mollie Bolton, who passed away 5 years ago, Dec. 30. VVc often sit and think of her When we are art! alone, For memory is the only friend That grief can call its own. Like ivy on the weathered oak. WTien all other things decay Our love for her will still Keep green, and never fade away. Sadly nd&sed by son and w r ife. Mr. and Mrs. Ray Bolton. 2-lp.

BOWLING NEWS

First Citizens Bank

Swicks

W 37

L 14

Cioan’s Phar. .

Wayne Feeds

Mac’s

Troyers

24 *2

26 Is

1st Citz. Bk

Cannone

21 Lz

29 >4

Adlers

Lunch 937 Hi Team Series — Swick’s Lunch 2475 Series over 425: R. Brattain 572, A. Von Tress 568. C. Swickard 511, M. Monnett 490, L. Almoin 481, P. Burchfield 462, J. Murray 459, C. Swope 457, J. Etter 452, C. Flynn 450, M. Hoover 446. L. Spurlock 444, T. Burkhardt 42 , f‘.

Hi Indv. Game—T. Burkhardt 205

Hi 572 Hi

Indv. Series—R. Brarttain

Team Game

Swick’s

'Merger Fever' Drop Indicated NEW YORK, Jan. 2 —(UP) — The year 1955 went down as the most active period for mergers

GOOD NEWS TO THE FOLKS OF BAINBRIDGE C. H. and c. continues Under The Operation Of Herbert And Virginia Hitch It is with great pleasure that we announce that your neighbors and triends, Herbert and Virginia Hitch, will take over C. H. and C. Hardware and Variety, and that it will continue as a Bainbridge Institution. Mr, and Mrs. Hitch were one otthe original ones in the corporation, and we are sure that they will continue the same policies that for thirteen years have enabled C. H. and G. to take its place as an important part of the business life of this wonderful community We regret to leave our friends and neighbors who have meant so much in our happiness as residents of Bainbridge. The success of C. H. and C. would not have been possible without the cooperation and encouragement of the people of this community. We are truly thankful and appreciative. In Closing We Want To Wish Everyone A Happy New Year And, To Herbert and Virginia Hitch, Happiness and Prosperity for Many years to Come CHARLES AND MARY COUGER C. H. and C. HARDWARE

BAINBRIDGE, INDIANA

( f V AMES IN-CROSS Genuine Hybrid Chickens Are Now Available at KIRCHER HATCHERY

Make More Money From These AMES IN-CROSS Genuine Hybrid Chickens Ames In-Cross Genuine Hybrid Chickens are INbred and CROSSbred to make you more money. Every year millions of Ames In-Cross hybrids produce more eggs of superior quality at lower cost. See us about the Ames In - Cross Hybrids that best fit your needs.

yn, t 1M ( / jfc- \ / 9 V

AMES IN-CR05S "lOO" Series Tinted egg hybrid, medium weight, early maturity, large egg size, excellent livability. Out produces crossbreds by a wide margin.

Ail MWHWM

\ \

AMES IN-CROSS "400" Series White egg laying hybrid, light weight, 2V/ a oz. egg, excellent feed conversions, high consistent egg production, lavs profitably for 12 to 14 months or longer.

AMES IN-CROSS "SOO" Series Brown egg laying hybrid, heavy weight, large egg size, amazing livability, out produces other heavies by considerable margin.

in a qaarter-century. but economists expect the “merger fever ’ will drop in 1956. According to the Federal Trade Commission, combinations in mining and manufacturing industries totaled more than 500 in 1955, the most since 799 recorded in 1930. The peak was 1,245 in 1929. Economists say two factors probably will show activity in 1956: (1) the ract that most likely candidates already have consolidated and (2) growing opposition from the Justice Department. During 1955 a mad scramble for diversification sparked most unions. In a booming economy companies found mergers a good way to improve their competitive standings, pool resources or take advantage of special tax credit situations. In some cases strange bedfellows appeared. Childs Co., a restaurant chair, for example, invaded the shoe polish field; Philadelphia & Reading Corp., a coal producer, entered the underwear business; and ACF Brill Motors Co., a former bus builder, bought supermarkets. Experts say 1956 will see more of this. At the same time in 1955 there were many consolidations of companies with complementing production and distribution facilities. Heading this group was the merger of Remington Rand, Inc., and Sperry Corp., into tlia giant Sperry Rand Corp., an electronics manufacturer with $500,000,000 in assets. As the merger fever rose in 1955 so did concern by the Justice Department. It was worried about a lessening of competition resulting from unions of big producers in the same field. The year 1956 promises big legal battles on this subject. Fo: example Bethlehem £teel Corp.’s Chairman Eugene C. Grace says he wants a court decision on the legality of his proposed merger

with Youngstown Sheet & Tube Co. The Justice Department announced opposition to this marriage last Spring.

Big Year Ahead For Oil Industry

NEW YORK, Jan. 2.—(UP) — This nation’s petroleum industry

another year of record-breaking endeavor behind it, enters 1956 with full confidence of still greater achievement, backed solidly by plans for expansion to

the tune of $5,000,000,000. Oil men see continuing growth | in world demand for petroleum

pioducts. The steady trend to- : ward further mechanization in !

all fields, the fast-growing field

of petro-chemicals, new atomic 1 developments, all are expected to

bolster petroleum's position. Demand lor petroleum pro-1 ducts in 1955 outpaced expectations, gaining around 7 per cent

domestically and lifting con- 1 sumption to around 8,300,000

barrels daily, a new record, compared with 7.750,000 barrels daily

in 1954. For 1956, consumption

totaling around 8,650,000 barrels

daily is forecast.

Free world demand outside the United States is growing at an

even faster pace.

While the industry sees plenty of crude oil in si^ht for the next two or three decades, the struggle to find and develop it is becoming more of a problem each

year.

To this end, the industry in 1954 spent approximately $4.5 billion on capital expansion and improvements. For 1955, according to Chase Manhattan Bank, expenditures ran around S4.9 billion. Dr. Robert E. Wilson, chai’ - - man of Standard Oil Co. < Indiana) forecast recently that the industry “will continue to spend $5,000,000,000 a year on expansion to keep pace with evergrowing demand for oil.” The bulk of these expenditures is going for exploration and produc-

( tion.

» And, of t a total, a good porI tion will oe spent outside the

j United States, emphasizing the } growing importance of foreign | 5 production. Since the U. S. holds I | less than 20 per cent of world J ; petroleum reserves and accounts for over 60 per cent of demand, imports are likely to account for j an increasing proportion of U. S. ( needs, possibly exceeding one- ! third by 1975, it is predicted.

Crude imports, nevertheless, that imports must be curbed vol-

loom as a major industry problem, with Defense Mobilicr Arthur Flemming warning recently

untarily if the industry is not to come under government restric-

tion.

TONIGHT

JMANY-SPLENDORED

Cinema

TUES., WED., THURS.

WORLD’S MOST i FAMOUS RIDE!

v •** ■ , * vL ^

f *% f 4- h f MAURI ['n 0 HARA • * - G[0RGL NA!M

Jennifer Jones won Audience Awards Contest in this picture.

SHE GETS TOP BILLING IN MOSCOW

MARGARIT NAZAROVA is shown going through her animal act at the state circus in Moscow, where she gets top billing. She doesn’t even carry a pistol, just a short buggy whip. Her only safeguard is a fire hose, which an aide keeps ready outside the cage. (International)

GIs IN THE HEART OF KOREA

KIRCHER HATCHERY 106 N. JACKSON ST. PHONE 51

WEARING A SANTA OUTFIT, Warrant Officer Alan Harris fives out with the S’ Nicholas act M n-*an-nj orphanage in Korea at Christmas party given by the U. S. 24 a i_>iv,.siun Quartern)? -e: company. The Korean children were clad m their hnest. Harris is from Hawthorne, N.J. (iutt

Public* Salt* As I am leaving the farm I will sell the following personal property on Saturday, January 7,1956 At m\ farm which is ‘Dj miles south of Itainhrilge or H) miles north of Grcencastle and 3 miles cast of Somerset 4 hureli at 12 A. M. HOGS 4 registered Tamworth sows to farrow the hist of February and first of March. One Dnroe sow to farrow in February. 4 licgistered Tamworth Gilts to farrow in Feh., and Mart h. One Tamworth and Duroc Gilt to farrow in February. 4 eligible to register Tamworth Gilts. One registered Tamworth Boar. 34 Tamworth Shoats. weigh about 70 to SO |M»unds. The tdood lines of tins*,- register*v.l gilts are as good as there is in the state. EQUIPMENT One 1954 Ford Tractor, a 2-11 Ford breaking plow, Ford cultivator. Ford mower that has oiil\ mowed about .35 acres, Buck 7 foot heavy duty disc, John Deere Corn planter, farm wagon, Montgomery Ward fertilizer spreader with scs-d attachment has been used only 4 days; 7 fend ciiltipackcr, farm wagon, t compartment portable* hog house, .used one year; I single hog house, 3 six compartment rahhit hutches, one lot of l\t poplar lumber. It twelve foot herders, two wheel trailer, chains and other articles. FEED 301) bushels of corn, more or le ss; loo bales of oats straw; 40 hales of mowed oats.

FRED HANKS

\B HUNTED, Auctioneer. TERMS—CASH.

C’l.AIU Al.ltl.N, < lerk. Not responsible in case* of accidents.

YOU'RE TELLING ME!

—By WILLIAM RITT— Central Press Writer

SCIENTISTS report discovery of the world's largest cavern, a 32-mile job, in Kentucky’. The newly-found hole in the ground is so large we understand it makes Mammoth cave look like a rabbit burrow. ! ! ! The “new” cave may come in mighty handy, suggests Grandpappy Jenkins, if Uncle Sam wants to store some more surplus butter. ! ! ! Collegians from 51 schools engage in a v/restling tournament at Wilkes-Barre, Pa. A king-size case of higher maf-matics? ! ! ! London plans to install a new bird-scaring device to shoo away the huge flocks of starlings which make Trafalgar Square a

nightmare of screeching sound. Ear-aching Londoners complain the twittering of the feathered pests is for the birds—and only for the birds. ! ! ! In Belgium bars har'C been opened for the first time in Sfi yrars. That, definitely, is a lonrf time between drinks. ! ! ! Only one thing wrong with Christmas. It isn't nearly at much fun (if any) dismantling a Yule tree as it is in trimming it. ! ! ! A clock designed to run without stopping for 1,000 y’ears has been set in motion in Denmark. For the next 10 centuries, if anyone wants to know what time it is, all they need do is phone Copenhagen.

te^WASHINGTON 1 MARCH OF EVENTS

Will Britain’s Eden Learn Ike’s Decision at Meeting?

President May Give a Hint Whether or Not He’ll Run

Special to Central Press Association TYrASHINGTON British Prime Minister Sir Anthony Eden may W get a hint as to President Eisenhower’s second-term intentions, if any, before American political leaders hear the answer to the big j question. The chief executive and Eden are to confer in Washington noon on long-range strategy for countering Russia's diplomatic, economic and propaganda cold-war offensive. Much of that strategy, diplomats say, must of necessity be geared to the presidency. [fa. If Ike feels disinclined to seek re-election, it ia regarded as probable that he would give Eden a discreet indication as to his attitude, knowing, of j§ course, that he could rely on the Br.ton to keep j, _ ■. jr mum. On the other hand, if his feeling is that he will \ ‘ make the lace, he could, v.ith equal assurance that Jjyi^ 1 Jjj| Sir Anttiony would make no premature disclosure. Wwm pass the word that he expects to be the GOP B standard-bearer once more. Wk Eden, incidentally, became prime minister after Hk w bKH recovering from a serious illness He is in a position to tell the President how it feels to shoulder Sir Anthony Eden the burdens of high office after a long period of hospitaiization. * * * * • DAY OF DECISION—The question of whether the President will run again will increase interest in a coast-to-coast sene* of dinner* to be held on Jan. 20. The “Salute to Eisenhower” dinners will be featured in 21 cities by speeches from top administration officials and any message sent by the President will be carefully scanned for a possible clue to his poj htical intentions. The January date is, of course, in advance of the mid-February I dateline set by Ike’s doctors as to the earliest he could make any outj right decision on running again. However. Mr. Eisenhower, out of i fairness to other GOP hopefuls, could ; rovide a clear indication of hi* * future plans in January. j Tiiere is also growing speculation that a firm announcement from ! the President may come when the Republicans hold their annual Lmj coin Day dinners during February. | It is recalled that former President Harry S. Truman used a DemoI cratic party Jeffe: son-Jackson Day dinner to announce hi* decision I against seeking re-election in 1952. * * * * )• FRANK-LY’ SPEAKING During the week before Christm**, | Washington newsmen were provided a perfect example of the hairsplitting decisions which often confront top bureaucrats. The case in point involved the issue of whether high official* should ipay postage on Christmas greeting-cards they sent to their day-to-I day associates. in one Cabinet-level department, the secretary and hi* top assistant, j the undersecretary, wrestled with the weighty problem and arrived : at opposite conclusions. 1 The secretary dispatched ! ^’hnstmas message to reporters who ]cover h:s department in envel beat n the 11il tl ent* poat- ( age. The undersecretary fell fc.. .. on the .'ranking p; .vilege"—poat- ! age free for official business. • CALIFORNIANS! HERE THEY’ < OT Never in American history has there been a President who w. , bom in California. How|ever. now there are a whole raft of possibilities Vice President Richard M. Nixon and Republican Senator William E. Knowland are both in the running for the presidency. if not in 1956 then in 1960 or later. Chief Jus- Golden tice Earl Warren is another possibility, although he has disclaimed any desire to return to politics. Adlai E. Stevenson, though he calls Ul.nois hid Abound home state, was actually bom in Los Angeles. Until now, the closest California ever came to having a native son in the White House was the election of Herbert Hoover in 1928. Hoover, v.h) called California h.s home, was actually born m Iowa,