O.J. Stump returned last week from Akron, Ohio, where he has
been employed the past few months, being compelled to give up his work on
account of ill health.
Miss Odessa Chenoweth is reported very sick at the home of her
uncle Oscar on the West Fork, where her parents Attorney and Mrs. Elliott
Chenoweth were visiting on their way home from Bluefield.
H.W. Teters, one of Russett’s good citizens, was in town on
Friday. He has a number of crossties on the bank of Steer Creek, and is pretty
anxious to see some rain.
Col. “Doss” Blizzard, who has been absent from our town for
several weeks while being employed on the steamer Clarence on the lower river
trade, wandered back to his old haunts last Thursday, and will spend the summer
at and near Grantsville.
Ellie Propst is kept busy day and night with his ox team,
freighting goods from Creston to this place.
Clarence “Bud” Stump of Stumptown was here last week, with his
horse Donnell Cloud 4777. Judgment of the best horsemen in town is that this
horse is one of the best that was ever brought into the county.
The stock market has obviously reflected the belief of many
businessmen that the country is on the eve of more spending, a broader economic
base, and more inflation.
Business profits for the first quarter of the year have not
warranted the rise of many stocks. The conclusion is now rather general that the
market has rebounded on hopes and expectations rather than on performance.
The New Frontier, which we are entering, will probably include
much of what the business world is telegraphing on the stock market. Though we
have had little inflation in the first months of the Kennedy Administration,
spending by the federal government is going up and this will increase
As the recovery of 1961 continues, business will expand and
improve. Our population is growing rapidly and, for other reasons, the demand
for goods will rise annually. With an Administration spending more than it
collects, inflation does seem a good bet.
Chances are--at this stage, without unlimited ability to gaze
ahead into the future-- the sixties will be years of expansion and inflation,
and probably good business years. That is why investors are buying, and the
stock market has been strong.