Hope Star from Hope, Arkansas on January 21, 1954 · Page 5
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Hope Star from Hope, Arkansas · Page 5

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Hope, Arkansas
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Thursday, January 21, 1954
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Page 5
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i?"j&^ ,. xfj 7 **^ , /-•" i ('"-.„' Friday, January 22, 1954 HOP! STAR, HOPE, ARKANSAS MARKETS ST. LOUIS LIVESTOCK Big Slice of Continued front Page One more thr.n half their support. this year the lirst $50 of income from dividends would be excused • from taxation, and in years after j |that, the first $100. The House Ways ard $tt?Rns Committee has clready approved this. | (i. The President proposed thst! Douglas Aircraft was the prime] 5; Keisn h° wer proposed that; f ar mcrs be alloyed to deduct up LOUIS NATIONAL STOCK- \ mover, up 4 points to a new 1953- .widows or widowers who work| to 2 j per cent of their gross in 111 (UP) — Livestock: 54 high of 89*, and other air-, away from home be allowed a new come f or so n conservation exHogs: 5000. Moderately active crafts followed along with gains of >deduction for "actual costs of pro- pense s steady to 25 cenlr higher. Bulk between 1 and 2 points in severalviding care for small children.'-; , CoPporation payments, under " '•nost 230-240 Ibs! Twenty-two per cent of the pres- ore disabled would also get the 2(5.10 and nbbve; i ident ' s P r °P°sais for defense J ' " ~ ' " ' com- 10.0012.00; vealcrs 1.00 higher; good and choice 25.00-31.; few prime reaching 34.0; commercial and good 18.00-24.00. ' She.-jp; 400. Trade native and rfiO?T. Bulk' lambs comprised chtfte to prime wool skins from 21.00-^2.00. Top: 22.00. 110-112 Ib. ambs 21.00-21.50; utility and good 180-20.00; aged sheep steady; slaughter ewes 3., r )0-5.0C; aged bucks J.50-4.00. choice 180-220 Ibs 20.26-26.50, some ca ^ es - dowh to 26.00; ™ 25.50-26.00, few 240-270 Ibs. 24.25-23.75; 270-320 Ib';. 23.75-24.50; 150-170 Ibs. 25.25-26.5: sows 400 Ibs down 22.023.75; heavier sows 1.75-22 50; boars 15.5019.50. Cattle: 2,000; calves 700. teers ntfjbutcher yearlings steady; good and choice 19.00-22.25; cows active and strong; 'utility and commercial 11.50-13.50, frw to 14.00; can- lers and cutters mostly 8.50-11.50; bulls 50 lower; utility and :nercial 12.00-14.00; cutter spending was allocated to aircraft. Trailing along after the aircraft in the advance were most steels, deduction. Eisenhnwer mentioned no Jollnr amounts. 5. Eisenhower proposed that "five per cent of income from dividends sions, rubbers, and coppers. Many I year. 10 per cent next year and hcemicals and motion pictures 1 'were backward, but there was no sharply depressed area in the list. POULTRY AND PRODUCE CHICAGO (IP) — Live firm; receipts 358 coops; f.o.b. paying prices two cents higher to tWo cents lower; heavy hens 2831; light hens 18-19; fryers or broilers 22-24; old roosters 17-19; duck lings none. I-Utter steady; receipts 789,240 wholesale buying prices unchangei to * higher; 93 score AA 5; 9: A 65; 90 B 63.25; 89 C 622.5; car 90 B 62.75; 89 C 62.75. 15 per cent the third year. Also, sponse to very cold weather in the Midwest, announcement overnight of corn acreage controls and ex- poultry ports spies to Ireland. Other grains were mixed. There plan, by next year will be paid entirely in the first six months of the year. Eisenhower proposed they be gradually worked back -again to tour equal instal- msnts in the four quarters of the !year. 8. The Corporation income tax rate of 52 per cent, scheduled to drop to 47 per cent in April, should bfl continued for a year, Eisenhower said. And excise sales tax rates scheduled to drop in April should be continued. This includes taxes on cigarettes, whiskey, wine, was some selling in distant soy- beer, sports goods, automobiles NEW YORK STOCK •NEW YORK W) — Aircrafts got i boost from federal spending pro josals today and topped a rising Market. steady to firm; receipt 11,174: wholesale buying prices un changed; U. S. large 47.5; U. S mediums 45.5; U. S. standard 45; current receipts 53; checks and dirties 41.5. PROVISIONS — Corn firmed on iThe Board of Trade today in re GRAIN AND CHICAGO (/?) Which one has that MONTHLY LOOK? SHOW CRAMPS, "NERVES", MISERY ou, too, may not ho able to hide that tired, nervous, jittery look ench month no matter how much "make-up" you use. Keep your secret safe during "those" days—don't be the one girl in three who shows the strain from telltale nerves and cramps — has "that monthly look".* Take Cardui, a special medicine trusted by thousands of women, girls to help insure against cramps, "nerves" and monthly misery. A little Cardui each day helps build strength so resistance may be greater each month, nervousness and suffering less and less. Look more natural—feel and sleep better. Ask your dealer fpr Cardui. (Say: "card-you-cue"). *Many acientiata estimate that at some tinic durinfi life 1 out of evi-rit 3 women Hiifft'ra from monthly discomfort. MONTHLY CRAMPS beans and cats contracts, all of which'cosed, on the possibility acreage taken out of corn would be planted to these crops. Wheat closed '/a-? liigher, March $2.13-2.13i/n, corn Vi-1'4 higher, Marcil SI.54 , oats *n lower to 'i higher, March, higher, March beans 1 cent lower March &U5-3.15 1 '!. Cash wheat: No. SO^-'/a. rye 2-3'/i ].25?i-14 ans soy- to l',<t higher, 2 mixed 2.15. Corn: No. 1 yellow 1.58V 4 ; No. 2 l.SSVi-SB'-i; No. 3 1.53 -57>/4. Oats No. 1 heavy white 85'/»; No. 2 85; sample grade medium heavy white 78Vi-79!^; No. 1 heavy special red 96. Soybeans none. 'i ''. Barky nominal: Malting i.30-02; feed 08-1.20. Field seed per . 100 Ib nominal: White clover 9.25-7?; red too 57.00-58.CiO; alsike 15.0016.00; timothy 11.75-12.25; red clover 25.00-26.00. hNEW YORK COTTON NEW YORK (£1 — Cotton fu tures v/erc steady in early trading today and then developed an irregular pattern on scattered hedging and profit takin'g Traders con- inued March to liquidate the nearby contract against replacement buying in later positions, an- tipating first notice day fo'r .the March contract. Late r-fternoon prices were. 20 cents lower a bale higher to 15 cents than the pruviius. close. Marcn 33.50, 3377 May 33.74 and ;• July and gesoline. Eisenhower has made the same request twice pre viously. 9. Eisenhower also proposed to liberalize business depreciation allowances and deductions for research; let small corporations be taxed as partnerships, or some partnerships be taxed as corpora tions it that is more advantageous to them; simplify and define tax laws on corporate reorganizations and taxation of partnerships; and let businessmen offset losses against taxes paied or. profits two yeara'..back intead of one. 10. In addition, the. PresidenS called for a general rewriting and simplification of the .vast, complex federal tax code. The House, Ways and Means Committee is at work on that task. ',*.;.' Eisenhower's fiscal 1955 budget predicted, that spending would decline £5,332,000,000 under thie current yetu-'s level. Of this, $3,860, 000 or 72 per cent, was from national- security programs. These programs include direct military costs, foreign military aid, atomic energy and stockpiling of strategic or shortage materials-. Direct military costs were cut by 3,975,000,000 from the',$41,550,000,000 ; estimated for this year to $37,575,, estimated for fiscal 1955.' Other national security programs, meanwhile, were budgeted at 7,285,00,000 dollars. This reflected a rise of 226 million for atomic enerisy and of 75 million for rriilitary aid and a decrease of 185 million fdr Stockpiling, i Tne Army absorbed the brunt of the defense economizing, its budg^ the defense economizing. Its bird)?* et sank from $14,200,000,00(3 fot this year to S10,I98,000,& next year — a cut of nearly 3 pet cent The Navy's spending budget shrank from lliSOO.OOO.OOO this year to $lO,493iOCO,0 next year— a cut of 7 per cent. By FRANK O'BRIEN WASHINGTON (A — President EisenhoWer laid a 65*/i-bllHon-dol' lar budget before Congress today. He said a "new concept" ft! reliance upon air powar and hew weapons justices & 5',4 billion- dollar spending slnsh, fnbstty from national security outl&i'S. Despite the 7& pei' cent Spend* ing cut under estimated "outlays for this year — also lo'.Vejred -*- The chief executive told Congress the government would wind Up the next fiscal year neatly three billion dollars in the rod. Eisenhower cautioned against further general lax cuts although he proposed a broad program of tax law changes. The budget for fiscal 1955, beginning next July 1, was the first prepared by< a Republican- admin- isti-fttiotji: in^2l'ye"arsif'j.'?i ment, • Bi^ei)hp^er,'^whp-' has spent most \of' liifc'life'.in;:ttfe':Army, em- pbasizedf'-'that, his .Jadfninistration strument 1 of v fre'^ ; $9^ defense with ether •*servlccs"' i ppying lesser roles.'- -. V) i '•• "I'-.''"'!'''''''"' . : . r ,_ -„-„ 7 ~ji-'tjix program would result; tap!'bbtiV^eOO; million dollars tzix relief .each for 'individuals andffoE bijsinesises, in addi-. tipn. to\the ; change's "tl}Sit took effect: Jant';l: -A^-JO^cr,/cent cut In perso'niU'tax • r'ates ;.and.'^abolition of the : excess pr6fitS'':tax'"bn corpora •"bn's.';';'; •"• ...'V;-;,.'-;v r ''."""..':• • But'-;hP".added: ,'!;• : v . '• ''I dp nob .^bej^vji'':• the,: r budgetary situation justifies: 'any^tax reduc tions.. beyond, those involved, in the proposed, tax .'revision'; ?nd hi the tax changes '' which N ocjcurred on Jan.. 1.''.„.;:•:'' f^;-' . '-i '< ' In .the national security section of-'; the mesuagfi.j.'ij'ispiihbwer de is! ti'ase^* on a\ new financ- HAT NOTE-*-A new note in millinery is achieved by the addition of this musical note with ft -monocle effect Peeking through the musical note is Gillian: fait, a London, England, model who seems to hove music on her mind. for fiscal 1955, $7,170,000,000 for The pfienomeno(.200-/ip Buitk CfNTUnr—Mghesfrpowere'd car:CfH/i;|p,f(i«f In Ara»i;lta : rjpHE wonder is that Twin-Turbine JL Dynaflow could be bettered at all. But in the spectacular 1954 Buicks there's a whole long list of happy surprises besides the completely new bodies and glamorous new styling. And one of them is the silken new whip andcarryofTTDynaflowaspoweredby the mightiest Buick engines ever built. Come drive one of these gorgeous new '54 Buicks with this fully automatic transmission and you'll see what we mean. Instant new response•;;$$?. getaway. Cyclonic new power it^;one single, sweeping, velvet stroke f$pm standing start to legal limit. Stnoo'fhness beyond measurement—infinite and constant. And new quiet every step of the way. That's literal fact-and we'll gladly prove it to you at the wheel of a beautiful new 1954 Buick. Drop in this week for a sampling — and for a face-to^face meeting with the buy of the year. ^Standard on Roadrwtster, optional at extra tost on other Sjries. " >snimi ' ( ""^^m^m '^K&^*»^< V« eng incs ^^^^'^ E --»fcils2 handling All 1954 8U/CKS HAVE V8 ENGINES wtib « sieppod up dorseppwef* Including the IPW priced Bvlck SfJClAi s/iown here in the ?/unning Riviera body »>y/e POWM GIAS , , Vu WINDOW MIITON «Rif STARS fos lUjfijfr' •WHEN BETTER AUTOMOBILES ARE BUILT BUICK WIU BUltD THIM^PP ^^^F ^p ^WP^ ^ r ^^ ^^i^ ^wpp^ ^^w ™ ^^ ^i^ 9^^ ^m^ RP ^a^v ^P "^7^ ^ipff ^^n^ * 2Q7409 i*?t Third Hope, ArJ&nsg* h ing our national security program . Our military planning in previous years has beer, based on several successive arsumed fixed dates of maximum danger . . . This btidget. is aimed instead at providing a strong military ppsi tlon which can be maintained bve the' extended period ol- uneasy peace. ' '.'.... "It points 'tostfard the creation, muintennnce and full exploitation of'modern air power.: Our military planners and those of the other nations of the free world agree as to.the importance of air power. ."We, expect to continue to 1m prove •.the • combat effectiveness 'o bur. ; forces by the application of new \veapons and new techniques •'-'With the shift in emphasis- to the. full exploitation of ?ir power arid modern weapons, we are in position to support strong national security programs over .an indefl nlte- period ... within a lower level of total expenditures for na tiorial security." Eisenhower sai.d the .total, -'o- Army divisions might be reduced btlt that they would be more dan- gerpus, harder hitting and with more mobility. Military personnel would £>ink from the present 3,400,01)0 to a little over 3,000,000 Legal, Notice tmDII NANCE *NOT727 AN ORDINANCE AMENDING OR OINANCE NO. 726 OF THE CITY OF HOPE, ARKANSAS, AND DECLARING AN EMERGENCY. WHEREAS, the City of Hope, Arkansas, contemplates the issuance of $78,825 in water and electric revenue bonds and by clerical er- ror.the right to invest the reserve was limited and it becomes important to change this right in order to correspond with the similar provisions in ordinances authorizing prior bond issues; now therefore, BE IT ORDAINED by the City Council of the City of Hope, Arkansas: .SECTION 1. That Subsection (d) of Section 7 of Ordinance No. 726 of the City of Hope, Arkansas, passed and approved on December 15, 1953, be and the same is hereby amended to read as follows: '(d) The $22,000 accumulated in the Bond Fund over the annual principal and interest requirements shall . be- held in said Bond Fund as a . reserve for contingencies and used solely as herein provided; provided, however, that when the moneys held in the Bond Fund, including the reserve for contingencies, shall be and remain sufficient tq pay the principal of and Interest on all the bonds then outstanding, the City Treasurer shall not be obliged to make any further payments into the Bond Fund. If for any reason the City Treasurer shall fail at any time to make any of such payments into the Bond Fund, any sums then held as a 1 reserve for contingencies shall Be s used- to the extent- necessary in tjjp payment of the interest on and th> principal of the bonds, but such reserve shall be reimbursed from the net revenues as above defined, out' of the first available moneys in said n,pt revenues, after making the payments hereina,bove required to be made. The reserve for contingencies may be invested in obligations of or fully insured by the United States Government, m,a- Lurjng not more than fifteen years after' date of purchase. ' SECTION 2. It is hereby ascertained and .declared that there is immediate, need, in order to project the health and property of the inhabitants of the City, for the betterment and improyement o{ the waterworks system and the eleptrjc and power system now serving ;he City of Hope, Arkansas; therefore, an emergency exists, and this ordinance is necessary for the preservation of the public peace, lealth and safety, and shall take effect and be in force without delay from and after its passage, Passed: January 19, 1954. (Sejjl) ->,% <. -• •'-„«? -'. 4.. John Lf. Wilson '•Mayor Mr*. Chas. F. Heynerson City Clerk CERTIFICATE T, the iind^sUfned, City Clerk of Rope, Arkansas, hereby certify the foregoing to b^e 9 true copy. o| an ordinance passed by the City- Council on January }9 t 1954, &t % dujy called and constituted meeting at which more than' two-third, 8 of the total number of m.emher$'elect of the Council wejje present and. V9Jte4 vf or ?sJd ordjfe|j|ce, which is JJQ.W of record in BoB^|. page fll, Ol the record** Qt P3& City, . CERTIFIEP wdejs my h8R<| 8!$ th| ^al o| saw C% Jhia 19th d»y o| January, ,}8$|. * • i jft ^Hf i. by June 30, ld.'>3. He said thJa ft-ould result in a eOO-million-dbllaf saving in mfUtarJ 1 ppy amd allowances in fiscal 19.V?. In the message of abfiut 40,600 words, Eisenhower clso: 1. Recommended a 23-point tax revision program, tailing upon Congress to: Shift th? annual per Sohal income tax r.radline from March 15 to Ap-il 15; liberalize deductions for family m e d i c a.l costs; allow limited deductions for child care; give farmers a deduction for soil conservation extend or-- poration income r.hd excise tflx rales rather than permit them to decline April 1 to pre Korea levels! and er.act a series of f evisiohis aimed at lightening _ pnd adjusting the tax load on business. 2. Renewed his plee, stymied 111 the Senate fitter the House okayed it last year, for a higher legal limit on the national debt. While he used no .figur" today, his previous request was for a boost from the present 2?5 billion dollars to 290 billions. The debt is now about 264 I/a billions. 3. Ytevised downward budget estimates for the current fiscal year which ends next June 30. Here is the comparison between Eisenhower's estimates for the current year made last August and now: Listed f irst is the August estimate with new estimate in parentheses) : Income •— $08,35,000,000 ($G7,G2a,000,000 $72,116,000,000 f $70,902,000,0oo Deficit (3,811,00) (3,271,000,000) Year-end Debt Eisenhower thus trimmed nearly I'A billion dollars from his pre- vous spending prediction for this year, and, despite a drop of 677 million dollars In expected .. revenue, came up with a fiscal 195*} def icit 53T million dollars .lower than he estimated six months ago. , His new fiscal 1954 estimates showed income about one billion dollars 'less than fprmer President Truman estimated , in his budget message to Congress a year ago Spending was estimated about 7 billions less than Truman forecast, the new deficit figure was over 6'/z billions less thon Truman's, and 'he debt predicted for next June 3 was four billion dollars First Atomic Continued ttotn delves in i delivery a few I Mrs. Dvight D. (called upon td pwftttni, ditiontil naming ceremony/* ^-r Strauss, head of the Atotftic e^gy Commission (AEC), launching transcends fill thtrte I have gone before becauieh* ^ Nautilus is something netf&tti the ««i," Theft he declared tit submarine: l> *« Lack of vllamin A catt.-^ night blindness. under Truman's fig'tlre. ADO ElSENHC'WElt GAtfc*. The Air Force was the Mfll Its spending budget weht tijs f $15,30,000,000 this year td aft Umate of $16,2^,000,00 fo* year starting July 1. This «-. an Increase of about 4 pec t« Elsenhower predicted that,' riculturel price supports 1(l wi cost $1, 16S.OOO.OOO in fiscal *; some $239,000,000 less than "j mated for this year, because*,-; said, -his agricultural progf would hnlt excess production;;/He proposed that forelgii^ ndmlc aid rosts be cut nejitj; Ho .51,028,000,000, compare^ ' * $1,555,000,000 this year ,andf' the aid be concentvated in. Orient, Africa and Latin An ca. ,, He proposed to opend ,366"ml dollars for flood control aiid'tt 212 million from this lion< Piles Drove Him. But Now He's Glid- *a^f 4 Glad hcdlnCdVcreii TM1 ment I Psln.l-ellevjn ahrlnkltiB formal meaiettldUttof i - ln« hospital ipeelnllzlnjti tnl and colon condition)?! . ton (tnd it effective tor "t Blc«i-condl«on" pftti<|iiUf ihould help you I Auk your dn._, KUt forTM (Thotnton & Minor) Keotel Ointment «*atS<J"— torlM—}1.00 p«r r tub«-;pi ' iJIX^J GRADY WILUAMS For Friday bndScituj'l .BEST. C^N , Sold on a doable"your money back g»3ta FOI.GERS COFFEE t .1 Lb. Con GODCH'AUX SUGAR Pet or Carnation Tall IOC Small 5C 0LUE PpUhd ff\- f , m In Heavy Syrup, Cons .-*.'. Lb. DROMEDARY DATES Pkgs. U- S. Np. 1 POTATOES 10 £ 29e Own '£}/. 3''u s ; r Mila CHISM'S FR>5|! /CK

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