Hope Star from Hope, Arkansas on November 28, 1939 · Page 5
Get access to this page with a Free Trial

Hope Star from Hope, Arkansas · Page 5

Publication:
Location:
Hope, Arkansas
Issue Date:
Tuesday, November 28, 1939
Page:
Page 5
Start Free Trial
Cancel

y, November 28,1980 Excess Cotton, But Prices May Rise Tncreapod Demand Will Dr.-nv "ii (.nveniment- . Loan .Supply Uy PUKSTON GROVKR WASHINGTON -Such n queer turn IIJIK the roUon niurkcl tnken thnl in spile of (i record worlrl surplus of Americnn cotton, the price mny be jnckcd up M hitlf cent or a cent n pound In the domestic market In the next few months because of n technical sl)orlii«c. . Under the cotton loan program, which WHS originally designed lo put n floor under price'; but now cnn.be tifcd In push ihem up. the Department of Afiricidlurp has 11,000,000 bales of .surplus IW.'d up b) loans Or outright ownership. This ruining yc;ir there will ho i\ world demand for i:i.!JOO,(WM linles of cotton, (he department e«li- mntrs, 7,IinU,0()0 bales for this country mid n.flim.OOO bales abroad. However, the crnp just harvest r:d bronchi only 11,88.1.01)1) bales. That nu'iins that muiie limn l,r,(IO.()00 bnles ol American col tun musl be found .'.ome other jjluci'. . (invrriimpiil Will llnlil On Where will Ihi:; extra cuilon conic from'' Ol cuii'M', llu- noveiumcnl I'unld H'lui'c .'.cmc of tl.,- own cullon to prevcul JIM upward j.rii-i' .'-•(|uee/c hut Ihf ((iivi i ilioi-iit ha:: l.i'i'n tryim; nl HO\ tin 1 nuirkei to climb and is not i likely to pu^li il down, not in liMfl. T)ii. ( ciilli>ii will have lo come from .supplies held by Ihc growers. Of course, they don't actually hold it. They turned it over to the government as security for loans. Last year these loans amounted to 8..'1 cents n pound. To get t| lt ,j,. C0 |.u>n back out the growers will have to pay the 8..'i cents a pound plus a carrying-storage charge, which makes (lie total 8.!l cenlx. Market specialists have already estimated that few farmers will take their cotton out of loan unless the price rcnclies 'J'i lo 10 cents a pound. Wallace I'rotcsls Tin; bureau of the budget got wind ol' this situation and told Secretary of Agriculture Wallace that of course he wouldn't need any money this year to lend on (lie current cotton crop HOflB STAfc, MOPE, ARKANSAS Section A—Page 5 Official Family of Hempstead County WE, THE WOMEN Nazi Balloon Barrage—of Words i One \Mnk nl Europe Tells Women of America Wlmt they Cnn Re Thnnkfiil For tin- fllKN rolils came .-iilllllnn.Miec?.- tnit, sori'iu'M, JUKI siulllnoss In - nu-ilril.s u.-io MiMitholatuin. It C.lVRs t|iilel; rplicl from ilir^o tils- comforts ami iiromotr-1 hrollni; of tlio Irrlliitcd mcnilmmc, In the nostrils. Its vapor- also reach drop Into tho air nassaui-. nrineini; grateful comfort. Also ml) sump Mi-ntholnlum on your rhivi inn) bud: |,, improve I ho local blood circulation, Rim it on your jurrlx-.-Kl ;uicl temples to allav ncnUnchoniuliipurali'.ifi clue to colds. since the growers were assured of a price above the probable amount of the government loan. Wallace had to put up a stout argument again.sl that. He insisted that if the farmer was not assured of at least the "loan price" of his cotton there would be a lot of panicky selling of Hits year's crop. More over, he said the- growers had been promised n loan when they signed up for crop control lust yea rand it was no time to be fooling with such promises. He got the money for the loan and il is fixed at 9 cents for standard grades. The funny part of it is that in spite of tho technical sciuce/e, the department will find it necessary to continue liic export subsidy and possibly even to increase it. ithout the .subsidy it is likely the expected export of (i.OOO.OOl) bales would fall .short, which would throw extra cotton on the American marki-l. Parenthood Rewairds Total $17,550,000 I'fOME-M'l—The Italian government paid 72.01)0.1)00 lire t$3,0(10,000>' in rewards to parents of large families during the first eiyht months of 11139. A total of 3Sn.771.575 lire (about $17,550,0001 way distributed to Italian parents from 1935 through August, 1939. The government also helped along the campaign to encourage large families by approving 118.777 applications for marriage loans totaling :i2.'J.202,fl7:i lire (510,150.000) from .July. !!«7, through June. 1939, ft:ily Counts Mouths ROME — (/Pi — Ii.-jjy i.s keeping a close check on the nation's food demands. The government has distributed cards requesting dala on the number of persons in each family, what their normal food consumption is and whether there is any evidence of attempts lo hoard food, Left to right: Circuit Clerk Ralph Bailey, Treasurer Clifford Franks. County and Probate Clerk Frank Hill', Tax Assessor Dewey Hendrix, Sheriff and Collector Clarenco E, Baker; and, seated, County Judge Frank Rider. Happy Miners —Hope Star photo was a primary factor in the advance. So that leaves us with no definite reason for our present sharp upturn, and no reliable index for the immediate future. As a result, some conservative economists predict a sudden awakening in the spring, when the shelves o£ of merchants and manufacturers are slocked high with goods for which there will be no immediately optimistic buying market. Others take'a different view. They say that wat: found our economy on a slight upturn, and simply boosted it along. Besides, people are buying real goods today, not stocks, a s they were in 1929. And real production puts real wages into circulation. Maybe consumer purchasing will stimulate the whole economy of the nation, into a buying mood, and kick us into better times. Anyway watch these things: 1. American exports. If the warring By HCJTtt MIU,ETT j No matter wh»t day we celebrate < Thanksgiving, counting up our bless- I ings is going to be un easy job for us American women this year. Without going into any individual blessings— we can pile up quite a list l)f things to be thankful for. Wo are thankful that we are going to picture. <how.s and football games with our rnon—inntearl of writing ''cheering" letters to them. We r.rc thankful that the only reason we have for fulling down our shades at night !;• a .snoopy neighbor. We lire (litiiikfnl Hint our children are v/ilh us, mid that there is no bitter significance to their nightly players. We are (hrnkl'u! (hat we—and not cur government—are planning our meals. Thanks For These, Too We are thankful that a cellar is a place where Dad goes to fire the furnace. We iir:. thankful (hat wo are "Chauf-'j .criiif.'" our families—iiv.lcnd of pinch-; hitting as commercial truck drivars. | We are ll'iinlit'ii! that our biggest j < lo(h'j:i pnihlcir. i." wholhcr or not to I fall for (he cornel—.not what is the | mo. 1 1 practical costume for an air raid J .shelter. We arc .thankful that Thanksgiving I will bring our sons, brothers and nephews home from their colleges. We are thankful that we—or our ancestors—had the good sense to choose to bo americans. We women are just plain thankful. Texas is paving its highways with green-colored asphalt. They will probably be very nice as soon as the motorist gets over the feeling he is driving en someone's lawn. nations begin buying heavily in this country, there'll be no spring setback. 2. New plants and equipment in your city. If businessmen continue to bet on better times, people are buying in earnest. i 3. The farmer's cash income. It re- I fleets buying by city employes of i . manufacturing companies, which mean I i that those employes have confidence.; And prosperity is confidence—in any ! man's language. (Movietone News; from NBA) Nazi 'trial balloons," bearing propaganda messages intended lot French consumption, are released by a German soldier somewhert behind the 1 German front. So We Guess They Won't Talk ROME—</P)—Italians are urged to hold their tongues in public conversation speculating on what Italy is doing or might do as a result of the war. Notices are posted conspicuously in hotels, restaurants, bars, cafes and other business places asking Italians not to make indiscreet observations about "high strategy or the high command." The appeals appeared after Premier Mussolini denounced rumor-mongers. Dudolph Friml, the composer, says he gets his inspiration from the Ouija board. It's reassuring to know some of it comes from something other than a woman's eyes. Thorton & Minor Clinic Book Free If you are afflicted with*' hemorrhoids (PILES)), fistula, or colon troubles you will want to send for this new illustrated book which explains the nature of these various rectal ailments and offers helpful suggestions to anyone suffering from these common ills. This book has just i been published by the world's oldest j known Rectal Clinic—tells how more i than 50,000 men and women have been benefited without general anaes- thetics or usual hospital experience. Write the Thornton & Minor Clinic, Suite C-20, 926 McGee Street, Kansas City, Mo., for this book, It is -free upon request, without placing L you under any obligation, and .is mailed^ in plain wrapper. Adv. Operations chief Major Graham Dugas (second from right), and miners display huge nuggets taken in the recent gold strike at Calhoun mine south of Dahlonega, Ga. Ore assays $60,000 to the ton. comparable to richness oi ! fabulous Comstock lode of Nevada November is the month of East Texas' heaviest loss from forest fir-; es. CONGRATULATIONS To The Citizens of HEMPSTEAD COUNTY On This Outstanding Achievement lli-mjiMvad County Courthouse, Hope, Ark. McAninch &> Anderson Little Rock ARCHITECTS Arkansas Present Business Rise Unexplained European Purchases Act| ually Less |Mow Than a I Year Ago ; H.v MORGAN M. BEATTY i AP Feature Sen-ice Writer WASHINGTON — The national "income of the American people will top the G8-billion.dollar mark this year. That's about four billions ahead of (he net income for 1938. ihe unemployed at the end of the year will number about 8,000,000—or less than they've been since the slock market crash of 1929. That income is far short of the (10-billion-dolIar economic millenhim desired by President Roosevelt. And the unemployed are still four time.s as numerous as they were in 1929. But there has been a sharp upturn —better than most economists dared to expect before the -European war came along. Jusf 'Bud Memory' j Why the sharp improvement? Did j the war do it? i You'd be s lot closer Co the truth 1 if you charged it up to a bud memory. That's the conclusion of a large group of government economists. The European war could not be the direct cause of our economic improvement, because our trade with Europe has shown little increase since the war began. European countries were doing a lot more business with us last year about this time. Our 1939 prosperity—or what passes for it—can be attributed to our own fall buying spree that began with the war. and is not ended yet. Nearly everybody had a vague notion that the war produced inflation and high prices. You call that war psychology. Everybody thought, he'd buy at low prices, and sell dear later on. Prices did .go up for a short while but then they went down again for there was no actual shortage of anything. Yet people are buying at present prices for months in advance. Apparently they are counting on something to shove our economy into high gear within a year or so. Maybe they're right. Anyway the fteel mills are running at 90 per cent of capacity, and business generally is humming along at. around the level of 1929. I!IM a I'oor Example | But Ihc memory of the World War years has not served us right. For there wa.s no immediate upturn j in ISU4. In fact, there was a down- \ turn for .several months, and it was I almost a year before the war spurt ] kited the nation into an upward econ- j omic spiral. What's more, inflation j O SAVE ON BILLS AND LOSSES CAUSED BY CARBON DEPOSITS (Lion Haiunilnbv Actually REMOVES Hard Carbon) SAVE ON REPAIR BILLS CAUSED BY EXCESSIVE WEAR . . . Co lo di^pluvH and have him fill your rrankca?c wilh EVatitra- lubi*. Ctvt^ il a fair trial — llii-n if in vour tipilliun it is not tin* b«'»l oil you evt'r usnl — bur limit* — your money *ill bv rrCiimliMt *illloul question. O (l.ian /Vaf«ru/ufc<> H«« Stronger Natural Protprtive Film) SAVE ON GASOLINE BILLS (/.ion Knix-Knox Gives More Mile* JVr Dollar) HOW NATURALUBE HOW NATURALUBE MOTOR OIL SAVES BY SAVES BY PREVENTING REMOVING CARBON EXCESSIVE MOTOR WEAR Oils of other types form troublesome carbon deposits on pistons, rings, valves and spark plugs. Such deposit!- uuse power- loss, excessive gasoline consumption uiul expensive shop bills for removing carbon. Naluralube, because of ils natural solvent power, actually removes bard carbon deposits, restores power, reduces gasoline consumption and saves on cost of curLou- rcmovul jobs. An oil Aim is the only possible ' protection aguii't«t wear of moving motor parts. Frequent rupturing of ordinary oil-film leaves the rubbing parts unprotected and results in excessive wear. Naluralube, having the strongest type of natural protective, film, provides greatest resistance lo friction-pressure and thus tiivcs expensive repair bills caused by excessive wear. HOW KNIX-KNOX GASOLINE SAVES BY GIVING GREATER MILEAGE Lion's high-vacuum, precision controlled re fining'process removes all low-mileage elements. Every drop of Knix-Kuox yields mileage. Knix-Knox gives more miles yet costs no more than ordinary gasoline. LION DEALERS WILL HELP YOU CUT CAR EXPENSE Friendly, courteous Lion dealers are eager lo help you cut car expense. Drive to * Lion dealer .... and start saviug. LION Pit. REFINING COMPANY A V [ WITH KEUY PPRAPq, ARK . T. H. BARTON, Puff, IION'DEAIERS LION HI IROil UM PttUDUl li ' R t A 0

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,800+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free