The Levelland Daily Sun News (Levelland, Tex.), Vol. 18, No. 269, Ed. 1 Wednesday, July 20, 1960 Page: 3 of 6
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Wednesday, July 20,1 f40 The LEVELLAND DAILY SUN NEWS, Levelland, T#x«
PAGE THREE
Levelland Business & Industrial Directory
m
BUSINESS MIRROR:
Gold never leaves U. S.
stacks just rearranged
By SAM DAWSON
AP Business News Analyst
NEW YORK (AP)—About 15
tons of gold was flowni this week
from Toronto to New York. It
may have been the largest ship-
ment ever entrusted to one plane.
But also it’s one of the occasions
when gold actually comes in or
out of this country—occasions that
are rarer than most people may
think.
There’s been much talk in re-
cent years of the flow of gold
out of the United States. The flow
talk is based on the fact that the
Treasury’s stock of gold is five
billion dollars lower than 10
years ago, with the greatest drop
in the last three years.
But very little of that solid met-
al actually flowed from these
shores. Most of it stays right in
New York.
Instead of being held by the
U. S. Treasury at Ft. Knox, Ky.,
it has been moved six blocks from
the U. S. Assay Office in lower
Manhattan to the vaults of the
RETAIL ,
SERVICES
Federal Reserve Bank of New
York, where it is earmarked for
the account of whatever foreign
nation is the new owner.
It is stacked in the vaults in
the form of gold bars weighing
about 27 pounds each, valued at
about $14,000.
ONLY 25c
Cheeseburger ............................ 30c
Grill Cheese .....................—.... 20c
Bacon A Tomato.................. 30c
Ham & Cheese ............... 35c
French Frys ------------- 15c
Malts —....................25c - 30c
Milk Shakes ................... 20c - 30c
All Drinks_____,______________ 10c
JUMBO-BURGER
Comer Houston A Avenue F
Phone TW 4-4635
COMPLETE
LINE
ATHLETIC
EQUIPMENT
WHOLESALE
A RETAIL
BILL CLARK
SPORTING GOODS
713 HOUSTON
PROTECT YOUR INVESTMENT
LEVELLAND
GLASS 4 SUPPLY CO.
920 Austin St. Phone 4-3883
RCA
MII VICTOR
RCA
WHIRLPOOL
SALES A SERVICE
Jack Daniel, Technician
COLOR and BLACK and WHITE
TV REPAIR
COPELAND HDWR.
814 Austin — Phone 4-2811
YgNmL
SALES
EXPERT REPAIR ON ALL
MAKES OF T.V. See —
Lacy Conatser at
LEA fr COX
APPLIANCE CO.
606 Houston Pho. 4-2010
The Canadian gold came from
the Toronto branch of the Bank of
Nova Scotia. Neither that bank
nor the Federal Reserve cares to
say why the • gold was brought
here. Nor does the Federal Re-
serve care to discuss how much
I gold it holds for foreign account,
I nor for which countries.
But the Federal Reserve Bank
I here acts as a financial exchange
for the central banks of other na-
| tions and is probably the world’s
j largest depository of gold ear-
j marked for such banks.
Other nations can settle their
international accounts by having
the Federal Reserve Bank move
the gold froip one pile to another.
For example, if Canada’s trade
balance with England is running
a deficit, Canada could have the
New York bank transfer the nec-
essary amount of gold from Can-
ada’s account to England’s In
turn, if it needed to and wanted
to. England could transfer gold
held here to the account of West
Germany.
All the deals would take place
within the vaults of the New York
Federal Reserve Bank. Only oc-
casionally is the gold itself moved
to another land.
When the United States needed
for the last three years to settle
its balance of payment deficits
with other nations, it trucked into
the Federal Reserve vaults gold
TRADES &
CRAFTS
locksmith
KEYS MADE
SAW SHARPENING
AROUND THE CLOCK
SERVICE
JONES
WOOD A KEY SHOP
at Higginbotham Bartlett Co.
EXPERIENCE
HAS HELPED US
TO DO A
BETTER JOB
FOR YOU
ONE DAY
SERVICE
SPENCE TAILOR SHOP
1206 Austin Phone 4-3624
LEVELLAND’S COMPLETE
Garden Center
Landscape Headquarters
—Shade Trees —Evergreens
—Spraying and Pruning
— Interior Plants
For Service Dial 4-2751
Ray's PLANTLAND
109 N. COLLEGE AVE.
r®l MOTHPROOFING
BANISH WORRIES
ABOUT MOTHS
4 4 4
CLEANING — PRESSING
4 4 4
MENDING
4 4 4
ALTERATIONS
4 4 4
RUG CLEANING
EQUIPMENT
FOR RENT
4 4 4
P A L M E R'S
EAST SIDE
CLEANERS
308 Houston—Ph.. 4-4521
-
PI
i
T • * . '
\
L ' • ,
> t
m.....L
j
i
i
w
PLANT DISPLAY AT RAY'S
Gene Ray, owner and operator of Ray's Plantland at 109
College, is shown with display of interior plants at his mod-
ern and complete garden center building, constructed early
this year.
inatra denies
he pushed man
LOS ANGELES (AP)—The city
attorney’s office says it will de-
cide today if any charges will be
filed against Frank Sinatra as the
aftermath of a row with a park-
ing lot attendant.
Sinatra denied at a hearing
Tuesday that he had pushed Ed-
ward E. Moran, 21, at a Holly-
wood night club lot last May 14.
Moran told a previous hearing
held by the city attorney that
Sinatra shoved him, then called
on an acquaintance, John Hopkins,
for help.
Hopkins. Moran said, hit him
five or six times with his fists.
Sinatra said he had stepped off
a curbing when a car driven by
another attendant “screeched to
a stop six inches from me.”
“I was shaken,” the singer re-
lated, “and I started to berate
the driver when Moran came up.
He came towards me and I put
up my hands to keep him away,
but I didn’t shove him.”
Ike's brother checks out
before Khrushchev arrives
NEW YORK (AP)—Two hours
before Soviet Premier Nikita
Khrushchev checked into a Vien-
na hotel on his recent Austrian
tour. President Eisenhower’s
brother Edgar checked out.
“I felt it would be an insult for
me to stay under the same roof
with Khrushchev after the way he
talked about my brother Dwight,”
Ray's Plantland features personal
service in landscaping, designing
RAY’S PLANTLAND is one of
held in the U. S. Assay Office
here. A sizable sum of U. S. gold
is kept on hand there, although
the big hoard is at Ft. Knox.
BUILDING &
REPAIR
V
—PAINTS A ACCESSORIES
—PLUMBING SUPPLIES
— POWER TOOLS
—PLYWOOD
— PLANK FLOORING
—STOCK LUMBER
—STORM DOORS
--SCREENS
HIGGINBOTHAM-
BARTLETT CO.
511 Ave. H — Phone 4-2356
Levelland’s newer businesses, but
this progressive firm has made
vast strides since opening its doors
for business on Feb. 15, 1960. Gene
Ray, well known young Levelland-
er, prepared for the operation of
this type business by first hand
knowledge from his family and a
degree from Texas Tech, where he
obtained a Bachelor of Science De-
gree in Horticulture and Land -
scape Designing. Gene, loves his
work and will talk for hour? a-
bout shrubs, flowers, landscaping,
and the hundreds of products to
be used in gardening and lawn
care. Gene has continued to add to
his stock until you can find name
brand lines of merchandise for ev-
ery purpose in the care of flowers
shrubs, plants and lawns.
Personalized service is the spe-
cialty of Ray’s Plantland and Gene
Ray will help you plan, design,
and supervise the installation of
landscaping for your home or bus-
iness.
According to owner Ray, the
sales for the first 6 months of bus-
iness at Plantland more than tripl-
ed the amount expected. The alert-
ness to the needs and wants of
homeowners relative to the care
of gardens and flowers is one of
Ray’s strong points and will be
a great asset for this new young
firm.
THE WORLD TODAY:
Second most important U.S. post'
won't be in hands of the voters
By JAMES MARLOW
Associated Press News Analyst
WASHINGTON (AP)-The sec-
ond most important job in the gov-
ernment, secretary of state,
won’t be in the hands of the voters
at all when they choose their new
president and vice president next
November.
There is speculation now that if
Sen. John F. Kennedy wins the
presidency he will choose be-
tween Adlai E. Stevenson and
Chester Bowles in naming his
secretary. There is not even spec-
ulation on who’d be a new Repub-
lican president’s choice.
But in the next four years —
with Russia growing stronger,
more daring and more belligerent
and Red China’s muscles getting
bigger day by day — the secre-
tary of state will have a tremen-
ous burden.
One thing seems sure. Even if
the Republicans win the election,
the present secretary, Christian A.
Herter, will step out. Herter is
an honest man and an earnest
one, but during his secretary-
ship this country has suffered
diplomatic disasters.
For instance, there were the
American U2 spy plane downed
over Russia, the State Depart-
ment’s bumbling in handling that
episode, the blowup of the sum-
mit meeting, the cancellation of
President Eisenhower’s trips to
Russia and Japan.
In addition there has been the
wretched deterioration in relations
with Cuba, the Soviet efforts to
get a foot in there, the debacle
in the Congo, and the Commu-
nist maneuvering to edge into Af-
rica.
These are probably only
samples of problems to come but
as yet unimagined.
Handling them will call for
firmness and decision and, per-
Chico Marx hospitalized
LOS ANGELES (AP) — Chico
Marx of the Marx Brothers form-
er comedy team was hospitalized
for observation Tuesday after he
complained of chest pains.
Cedars of Lebanon Hospital said
no'serioifcUrouble" was found and
Marx, 69, should be released in a
couple of days.
HAL BOYLE SAYS:
Uncanny sense
in meeting of
Mmmm
—BUILDERS HARDWARE
—PITTSBURGH PAINTS
—ROOFING SUPPLIES
—STORM DOORS
NEW CONSTRUCTION
— and —-
REMODELING
LOANS
West Lumber Co.
Your Lumber Number — 4-2021
HUGH BRADLEY
• ALL TYPES GENERAL
INSURANCE
• SPECIAL TRIP INSURANCE
3 Days to • Months
BRADLEY
INSURANCE AGENCY
TW 4-3&U—RE8.: TW 4-»«4
908 A CoJIefe—Levelland, Texas
PROCESSING
SERVICES
—STORM DOORS—
—PLUMBING SUPPLIES—
—FLOOR COVERING—
aT'i.-.i ft i
- »»i> •* h — rw 4-mi —
CONVENIENT TO
STORE IN A LOCKER
Proper processing, packaging
and freezing of food la our spe-
cialty. You can rant your own
locker at moderate cast
LEVELLAND
FROZEN FOOD LOCKER
ummh. - iw 4-ana
LAKE TARLETON, N.H. (AP)
—Every father remembers the
first time he lied for his daughter.
She doesn’t—but he does.
Well, I came here to appear at
a summer arts festival where peo-
ple on vacation respond to world
problems while they simmer and
summer under the sun.
They may not solve any prob-
lems at the moment, but they
hear them at their leisure—and
this not a bad way to study any
problem. Anxiety often produces
premature efforts to a wrong con-
clusion.
As to my lying, there was a
shortage of other children, here,
but there was a boy here whose
father said his son was “almost
10.” And I said my daughter, who
is one month beyond 7, was
“growing on 8.”
Well, that is true, for sure, but
it only alerts me to those half-
truths which aren’t whole truths
but which are part of the whole
picture which a father must soften
in presenting the portrait of his
daughter.
If she would rather be anti-
quated at 7, and perhaps at 30
presented as 23, it is the function
of the father to box the calendar
, 4 • I . y. ■ • • • * , ■ i
of adjustment seen
girl 7, and boy JO
to his daughter’s will.
In her own way Tracy made up
the distance between her age of
7, and Tommy’s almost 10, and
she showed that kind of uncanny
feminine sense of adjustment that
in my opinion represents military
genius.
There are those who feel that
true military ability consists of
getting the other person, without
waste of himself, to bend his
ability to your purpose and the
sustainment of your endeavor.
Under this definition the best mili-
tarism is a good marriage.
Well anyway, Tracy, my daugh-
ter, made her march on Tommy,
and employed her childhood fem-
inine tentacles which later she
will fasten to a later fellow and
cling to—and the Lord help him.
At the present moment I have
only a philosophic feeling of help
toward my future son-in-law. I
feel, being observant to the ter-
rible grasp of my daughter, I
should raise a fund for him to
run away from home if he isn’t
content.
Yet my daughter is not without
her kindness, now and I hope for-
ever.
FARM
mmm
WRITE '
Bob Johnson
Irrigation Co.
Msrtm Hwy—Box 11*7
FOR HOUSE PAINTING
Call JIM FULTON
—FREE ESTIMATES—
802 College—TW 4-3428
MANUFACTURING^
ICE
CREAM
at its
BEST
•
mad* in
LEVELLAND
Call or
VISIT
FORD’S ICE CREAM
■OS AVE. O
SERVING HOCKLEY COUNTY
FARMERS 24 HOURS DAILY
ALL TYPES
of
INSURANCE
• FIRE
• CROP SAIL
0 BLUE SHIELD
• RETIRE-
MENT
HOSPITALIZT
TIOB
ODELL FRAIYEB
Aimer Mfr.
Higheit paid Dividend*
In State ef Tex a*
DIAL TW 4-3333
HOCKLEY COUNTY
FARM BUREAU
•mmflell Bwy M Road
"The PRICE is RIGHT"
• SPRAYER PARTS
• ROTARY HOES
• SWEEPS
• KNIVES
• FOUR ROW REAR
DEMPSTER
CULTIVATOR
E. K. Hufstedler
AND SON
Levelland, Texas
HOCKLEY COUNTY
ABSTRACT CO.
a COMPLETE TITLE
SERVICE
# ABSTRACT A TITLE
INSURANCE
a NOTARY • PUBLIC
Jam*s A. Montgomery
Manager
■10 Austin — Phene 4-2127
MOTOR
OILS
WATER
BAGS
TIRES - TIRE SERVICE
TURBIN OILS — GREASES
FI' “ERS - WRENCHES •
BOL.4 — INSECTICIDES
SMALL FARM TOOLS
COTTON PLANTING SEED
GINNING SERVICE
WE SOLICIT
YOUR BUSINESS
BOTH MEMBERS
and
GENERAL PUBLIC
LEVELLAND FARMERS
CO-OP GIN
W Levelland
-f-
JAr-mA. • V ■ •
haps above all, imagination in
finding new methods of dealing
with communism to prevent its
expansion.
For most of Eisenhower’s two
terms John Foster Dulles was his
secretary of state, and the Presi-
dent relied upon his judgment per-
haps more than any president in
this century has leaned on a sec-
retary of state.
Dulles was many things—tough,
agile, tireless — but imagination
was not one of his strong points.
He really initiated policy little. In-
stead he took over from his prede-
cessor, Dean Acheson, the policy
of containment which is still be-
ing followed through a system of
alliances and overseas bases.
While this system will probably
be retained in the four years
ahead, the most delicate tasks will
probably lie elsewhere — in de-
vising means of inducing the back-
ward people of Africa and else-
where to be neutral or friendly to
this country. *
Kennedy, the Democrats’ presi-
dential nominee, and vice presi-
dent Richard M. Nixon, who
seems certain to be the Repub-
licans’ presidential choice, are
both strong-minded men.
Either as president would al-
most certainly be the dominant
figure in foreign aitiltu. in his
administration, taf22ea^n would
have to rely to ’ffijUPormous de-
gree on the day-bymay and long-
range judgment of his secretary
of state.
Stevenson, while he has trav-
eled widely around the world
since first losing the presidential
race to Eisenhower in 1952. h--*s
never held a high overseas govern-
ment assignment.
Bowles, now a Democratic con-
gressman from Connecticut, was
ambassador to India and was
Kennedy’s foreign policy adviser
during the latter’s campaign for
the presidential nomination. Both
Bowles and Stevenson have writ-
ten on foreign affairs.
There has been so much specu-
lation on who may be Nixon’s vie#
presidential running mate this
year that very little has been
said about his possible choice of a
secretary of state. j
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and let him prove it.
BIRTCIEL'S
EL PASO SERVICE
101 College Ave.—TW 4-953*
GATES TIRES
LEVELLAND, TEXAS
Wholesal*
and
Retail
Gasoline - Butane - Oils
Greases
C.G. ISRAEL
’515 - let St. — Pho. 4-3411
“A GOOD DEAL—
FOR A GOOD DEAL LESS”
—Hockley County's Largest
Independent Car Deal*^-
O’CONNOR-CREAGER
MOTOR CO.
1006 - 5th St — TW 4-3232
BRING YOUR CHEVROlF
HOME
FOR REPAIR
YOU KNOW US
WE KNOW CHEVrOvEI
GENUINE PART$
TRAINED
MECHANICS
BOB R£i D
jsdSSsY
- • —p* at? e
• s« **
• * »*-«•- .
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Brewer, Orlin. The Levelland Daily Sun News (Levelland, Tex.), Vol. 18, No. 269, Ed. 1 Wednesday, July 20, 1960, newspaper, July 20, 1960; Levelland, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1153470/m1/3/: accessed July 7, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting South Plains College.