The Courier News from Blytheville, Arkansas on June 27, 1949 · Page 1
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June 27, 1949

The Courier News from Blytheville, Arkansas · Page 1

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Monday, June 27, 1949
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BLYTHEVILLE COURIER NEWS THE DOMINANT NEWSPAPER OF NORTHEAST ARKANSAS AND SOUTHEAST MISSOURI VOL. XLV—NO. 81 Blythevllle Dally New* BlythevUle Courier Blytheville Herald Mississippi Valley Leader BLYTHEVILLE, ARKANSAS, MONDAY, JUNE 27, 1949 TWELVE PAGES SINGLE COPIES FIVE CENTS $100,000 'Bogus' Money Seized in Washington, D. C. WASHINGTON, June 27 Secret Service agents today seized almost $100,000 in counterfeit bills in a raid only a half dozen blocks Irom the White House &nd Secret Service headquarters. The money was being made, the Treasury said, in an office suite at 1807 H street. Northwest, in the same block with World Bank headquarters. Four men and a woman were arrested. A formal statement by the Treasury said charges of manufacturing and passing counterfeit currency were placed against Eugene Ham- inon Creighton. 25; Walter Wilbur Kidwell, 30; William P. Hughes, 28, and his wife, Josephine, 25; and Arthur M. Bebar, 35. All gave Washington addresses. The Treasury said Creifthton and Kidwell "admitted manufacturing the counterfeits" in their business office suite. They rented the suite March 30. and had inserted in the lease clause permitting them to "operate a duplicating machine," the Treasury said. Four More Polio Cases Reported Total in County Stands at 29, and 96 for All Arkansas Polio was reported to have struck twice in one family in Mississippi Couty over the weekend ;witt> two City Crews Start Street Widening Project on N. 5th Parking Meters Provide Funds to Finance Program Biytheville's street widening program was under way toda.y with street department crews moving dirt in the block on North Fifth between Walnut and Chickasawba. Members of the City Council's Street Committee announced that this street would be widened on both sides to provide; easier flow of traffic off of Chickasawba into the business section. Mrs. T. J, Mohan, 410 West Wfihuit, widow of a former mayor^ has granted casements on three sides of her property to permit even wider streets than originally nl:m- ned by the committee, members said this morning. Tiie one-block section was closed to traffic this morning and will remain closed until the work is completed with buses and other vehicles rerouted over other streets. The Greyhound Lines bus station is located in the block between Walnut, and Main on Fifth. Street Is Closed to Traffic Jodie L. Nabers and W. C. Gates, L~ members of the council's street f committee, were on the job early tod ay sup erv isin g the work. They - said "that the corners at the street intersections would be rounded off to permit easier flow of traffic when the work is completed. -We hestiated about closing the street," one of them said today, but decided to take the action as n safety measure. We do not wantl to .^ "" „ ^, .. . , any or the uorkmen to be injured|***£. ^^> £* * t> * or the job, and as *'.precaution nom ;*•• tfJC-*"* 86 "* onp family are 'il ] r -'Lw=^ arn « r « w htehwttl ' te *P*"""l !fe * r0 brolnera - tne s 0 " 5 of Na P- - • .- - — .... -. 4 | Qi^Qp (j ase y i wno iue s on the W. H. Meadows farm north of Luxora. On advice of a doctor, in Osceola, the two boys were sent to University Hospital in Little Rock for treatment. The younger of the brothers, who is 23 montlis old, showed signs of paralysis, it was stated, but the other boy, who is three, suffered what appeared to be a less serious attack. Also reixirted to health authorities here today was the case of Dorothy Lee Willingham. 11. 529 t}. gjtxth.. Street, ;&yttev1Ue, -She is a'paUent in University Hospital. Her parents, Mr. and Mrs. H. P. Willingham, and other members of the family are in Little Rock. The other new case to be reported over t he week end involved G a ry Hughes, who is five and the son of Mr. and Mrs. Marvin Hughes of Burdette. His Illness was diagnosed Saturday afternoon as polio but the attack was said to have eeu mild. He is being treated in is home. Total in Slate Reaches 96 County Health unit workers were investigating a report today of another possible case in Osceola involving a white child but detailed information had not been received in the offices here, The Associated Press in Little Rock reported this morning that the total number of cases in Arkansas for the year has been increased to 96. But, Dr. A. M. Washbnrn of the State Health Department said, only See POLIO on Page 12 Catholic Church Accuses Reds of Deceit and Fraud Archbishops, Battling Czech Regime, See 'Hour of Trial' Near Ry Kichurd Kaslchke PRAGUE, Chechoslovakia, June 27—(flv-T he H o in a n Catholic Church accused the Communist government of Chechoslovakia yesterday of deceit, fraud, kidnapping and robbery in what it called the fight for "examination of tht Church of Christ." it told its communicants their "iiou rof trial' may be at hand. A pastoral letter, signed by Arch bishop Josef Bcran of Prague, Arch bishop Josef Matoca of Olomouc and the country's bishops, declare* that, under such circumstances, m church-state agreement was po sible. "We desire an agreement, not a dictate," saw the 4,000-word letter read by priests in churches throughout the country to congregations of Czechoslovakia's 9,000.000 Cath- 4-Power Talks on Germany To Follow End of Rail Strike; Arms Plan Decision Delayed Truman Silent Archblshops Beran (left) and Matocha: "Hour of trial" near , olics. Remains Under Guard Archbishop Beran did not leave his police-guarded palace to read .he letter in person at St. Vitus' Cathederal. He left tile pulpit there last week after Communist hecklers other cases p '.Iv.-a c- fllfr ttie - itrtfet'." - s necessary to remove two sUrens tumi between the 1 pre- "4ciii" puvemcnl and the sidewalks in this'one block.it was explained. It also will be necessary to move the overhead utility Vines on the east side of the street to the edge of the sidewalk. Mrs Mnhan lias authorized the city officials to use al) the space up to the sidewalk by the side of her homo and also in front on Walnut, and nt the rear on Chickasawba when work gets under way ^rA l ^^tree,ts. ,.„„... , _ Connects With U." S* Highway 61 The illy off!ciaIs T -said that the first sections of the street widening prograri- from I." heart ( ,i Chick asawb; Chickasawba broke up his sermon. Although the letter was Issued over the prelate's signature, it was obviously not printed in his palace, where printing equipment has been seized by the police. A priest who read the letter at St. Vitas' was heard by parishioners to \varn, "If nceessary, you must be prepared to follow the hard path of the Christian martyrs." The letter itself prayed for divine mercy "under false and unjust sentences," which was taken ns an Indication that Archbishop Bcran and his bishops expect to be jailed. It bore a postcript urging priests not to let threats keep them from reading It. At the same time It warned them of church punishment if they did not. Through the past week government officials have accused the church of anti-state agitation am threatened legal action. The Ministry of Justice nccusci ;he archbishop of "spreading lyin reports" nboul the government am trying to turn citizens against th regime. The communist press, mennwlillc, claimed big new gains for the government-sponsored Catholic action group. It said more than 1,700 "patriotic m tests" had pledged their support and there were hints the Kovemment might by-pass the established church helrarchy nnd make a religious agreement with this group, One of the issues In the current .struggle has been the government's alleged determination to break the influence of the Vatican and set up a "national" administration. On When Bill Will Be Offered WASHINGTON, June 27. <AP) — Preside n t Trum a n a ppa re n tly h ».<; made no decision on when he will .send his arms-for-Europe program to Congress. Congressional leaders snld after Un-ir weekly conference with Mr Truman today they got no word on that. . c The timing Is regarded as highly muortant. Some administration ictitenants think the arms will give a better route Highway 61 into the : city from Sixth and is to be widened Irom Sixth to Broadway, and both Broadway and fifth south to connect with the wider pavements between Main and Walnut streets. Later the program result in the widening of Walnut nnd Ash streets west, to Division, which is the U. S. Highway 61 entrance to the city from the south. Approximately $14,OCQ is available in the parking meter fund to finance the improvements. Half of the meter receipts are being used at this time «o retire the Indebtedness inclined in purchasing the meters. When the meters are paid for within the next few months, R\\ the revenues will go into the fund earmarked by the City Council for street improvements. S. E. Webb, Co-owner of Laundry, Dies Finicra! services for Samuel Eviin.i Webb, co-owner of Nu-Wa LiiuiHlry here, will be conducted tomorrow at 10 rt.m. at (he Holt Funeral Homn Chapel. Mr. Webb. 63. died Sunday at 11:15 a.m. nt hi.s home on Hearn aiter n n illnrcs oi about s« months. I/-.D2 af!=oci.t!ccl with !hc laundry nnd eleiinirK business in Biy- U:rvil!e. at one time he was con- nfk'tp.'l wish the Blythc'ville Laundry :!M<1 Dr, Clr.incr. 1 :. He \vns b'in in Ripley, Tenn.. ar.ri moved from there when a yonns man to Webb, Mi5s., where he mnuaged a plantation. He had lived here for about 20 years. Mr. Webb was a member of the Rotary Club. Pallbearers will be Loy Welch. O. K. QiielimnTz. J. M. Williams. J E. Stwiifon. E. D. FTmson. E. M. .Tohti./m, I'.crmnn Grper. Cbarles Alfnrd and Franklin Atkinson. Tiie Rev. Roy B'.'.^ley, paslor of Fir.<t MiHbodi.sl Church, will olfl- ciate and burial will be in Maple Grove cemetery. Survivors include tiis wife. Mrs Nora Alford Webb; a .ion.-Dr. Mll- 'loh E.' Webb; two sisters. Mrs. Dave Cr.nig 4nct Mrs. John Perkins, all of Blythevllle; and four brothers, 'Albert Webb, Amarillo, Texas, the Rev. E. T. Webb. Adn. Cftln.. the Rev. J. Allen Webb, Wyatl. Mo., and E. L- Webb, Durar.t, Mlis. OperatorsDebale Lewis' Coal Plan Answer May Decide Whether Miners Go On Strike July 6 PITTSBURGH, June 27. f/P>—A big bloc of Nor the vu s\i\ti Western coul operators met behind closed doors today to debate John L. Lewis' new slmre-the-work program. Their answer, wiiich may be given the United Mine Workers president tomorrow when contract sessions resume at White Sulphur Springs, W. Va., may determine whether the nation's -100.000 soft c6al :r dlgge"rs^stop work'•again July 6 An operators' spokesman said any reaction to the Lewis proposal would probably bfi kept a close secret until the operators' negotiators gather around the conference table with Lewis. Lewis has put this proposal before them: He will change the "no contract no work" policy of the United Mini Workers and keep the miners in thi pits after the present, contract ex pires, provided— Wants 3-l)uy Week The industry goes on a uniform three-day work week during nego tiations for a new pact. The alternative is a shutdown o all bituminous mines. The leader made that proposal to North ern and Western operators at Whit Sulphur Springs, W. Va.. where h and the management officials hav been talking contract terms. The meeting was recessed so th.n the operators could sound out sen timent at home. Several confer ences were arranged. The big on was called here by George H. Love youth president of the Pitt.sbur? Consolidation Coal Company, th world's largest commercial soft coal producer. Lewis presumably wants his answer when the talks at White KnI- Senator Plans Bill Outlawing A-Bomb Except for Retaliation WASHINGTON, June 27 WV-Senator Flanders (R-Vt) said today he vill ask Congress to forbid use of the atomic bomb except as a weapon if "retaliation." . +• — Flanders said the bomb, like bio- ogical warfare and poison gas, "is properly a military device" but 'rather a means for the mass mur- ler of citizens." He announced to a news confer- nce that he has drafted a resolution for the Seriate and House vhich would state as a national jolicy that the United States will •not employ the atomic bomb as a "Until satisfactory means of \ trol are dgreed uixm and put itil eJUuU" for the convening of Congress anc the declaration of war in cnse ai atomic bomb is dropped on this country. Flanders says Congress by approval of the resolution would cal in advance (or instant reprisals. 2. Set up a national policy foi the guidance of the armed serv. ices. He explained that the reso lution would tell the military not] to organize on the basis that the _ Nations, the armed services of nation are directed to prepare themselves and to hold themselves In readiness to retaliate with overwhelming force n gainst any nation which initiates the military use of atomic energy," Flanders said the resolution has four major purposes: 1. Mako it unnecessary to wait Deputy Military Governors Set Trade Parley By l>nnlcl lie Lucn BERLIN, Juno 27. (/I'j— The allies announced today four power talks on Germany will be revived tomorrow Afternan. The fivc-wcek-lang rail strike which has Imposed a —n ^ !«»,. w ,«- virtual second blockade on Hcil* i terday's seasonal maximum was 9?!' b sc «cflirled to end In the morning, degrees, recorded on May 21. Last ...i'" 0 mectl »e °' the four deputy year's first 98-degree rending was recorded on June 5. Lowest temperature early today Temperature Hits 98 to Set New High for This Year It was not, only the Heat but the humidity, too, that made it a generally uncomfortable day In Bly- thcvlllo yesterday. The mercury hit 98 degrees yesterday, highest so far this year. And the inugginc-ss finally resolved it.sclf into a cooling shower that brought .19 of an inch of rainfall last night. Highest temperature prior to yes- nilltary governors will Ijc held In the Allied Control Authority Building, virtually deserted for a j-car. Ion should not be .sent to the cap- tol until after the Senate acts on he North Atliintic Pact. Senate; Democratic Leader Lucas said the pact will be brought tip n (he Senate Immediately after the Senate acts on labor legislation. He would not forecast how long debate on the pact would require. The administration wnnls swift iction on l»th the pact, which has little opposition, and the arms program, which has plenty. In this situation, officials expressed fear that if the plan to rearm Western European and other nations presented too soon it might hurt the chances of the Atlantic Trctay. The pact must bo ratified by the Senate alone; both houses must approve Die related arms program, It was disclosed Unit the administration wants to .set up a $100,000,000 revolving credit, under the program lo help Latin American countries buy military equipment in this country. Advance Financing Only The credit would be used strictly for advance financing of Lathi American orders. Unlike the rc- mninder of tiie arms program, It would not bf> used for outright 93 degrees nnd the low Sunday morning was 74. 'Hie high a year ago yesterday was 94. was 72 degrees. High Saturday was| The flt P"tIes used to be called n "" ' 'coordinating committee and did tile ipadework for their superiors, the military governors. They last met on N5urch n, 1S118. Their new conference was called to curry out the will of the Big Pour foreign ministers, who decided nt Paris a week ago today that four-power talks should be begun to forgo nl least "a way of life" for Germany mid Berlin, even though nuijor disagreements on policy In the divided city and nation still exist. May 1)1-. uss Trade Informed sources said tomorrow's agenda probably would Include the rade situation and transport con- lltions. Trade In Soviet-occupied Sastern Germany Is sagging. 1 In Burglars Loot Grocery Safe Merchant at Etowah Loses $1,800 in Cash; Also Bonds and Checks A snmll snfo containing approximately $1.800 in cash, »1.300 in government bondx $500 In innry instrument warfare, but our purpose am is to be us* I only for the peb- i as to far as tiie atomic bomb Is concerned should we be drawn into a'war with their governments. 4. Give a new impetus to endeavors to reach an agreement in the United Nations on the use and control of atomic energy. Shadow of Lash and Burning Cross Hangs Over Dixie; Federal Probe Set ° of military assistance resist By Ben Price'. - . ATLANTA, June 21. (/P)—The shadow of the lash and burning cross today hangs heavy over Dixie. Out of three states since February—Alabama, Tennessee and Georgia—have come 51 grim stories, of lynching, floggings, cross phur Springs resume tomorrow afternoon. | Sources close to the industry in- i dicate that the key decision probably will he made at Love's conference today. , , In ca of [ncse Alleys, Ditches To Be Sprayed to Curb Mosquitoes City Ctev".- W. I. Mftlin said Lhis morning that the county Malaria Control spraying crew is expected to begin work tomorrow on the spraying of alleys and lots in Blytheville with DDT as a malaria control measure. Mr. Malm said that all alleys and ditch banks within the city llmit-s will be sprayed for mosquitoes and flies and that the work will be completed as soon as possible. W. O. Stinnett, who is in charge of the malaria control program in the county, will supervise the spraying. [ Home owners of Blytheville who ' ^T^* A ,.,.—^..„ rJT^'^—rTT^T^^ wish to have their homes sprayed TODAY'S BUSINESS MIRROR with DDT may do so while the crew is working in Blytheville but must pay a fee of $2 per house, Mr. Malin said. burnings, bombings and intimidations. Though men anrt women have been beaten, their homes invaded by masked meti and their lives threatened, the law has yet to record a single conviction. | This latest pattern of violence i began developing In the blue hllU " around Cattanooga, Tenn. There in the short span of three months ! 21 men were beaten by hooded ! gangs. ,._ the vlc ~ N. O. Cotton NEW ORLEANS, June 27. iAP) —Closing cotton quotations : Hisrh Lnw Close Jly 32=!4 3246 .'(247-SO Oct 2930 2!)18 2M6 Dec 2918 5MH 2015 I Mdl 29I ° 2897 tims said they were whipped for reasons of rare, religion of morals, drinking mostly. For a few short weeks there was peace, then out of the cool, iron ore and limestone x-alleys stories of racial tension. Many Beaten Three Ne^ro families bought and sought to orrupy homes In a white sertion. Their hm'ses were bombed The Neproos retreated. 2F87 2895 Other stories of violence followed rapidly. Masked men broke into the home of a 42-year-old Rrnrulmother, struck her twice and then forced her to witness a cross burning in her yiud. That same night, June 10, the owner of a cafe serving both white persons and negroes was threatened and forced to watch a cross- bur] ling. Three days later n Uavy veteran was flogged, R woman and two men were beaten at Dora, Ala and then a coal miner was dragged from his home at Coaltown and whipiied. An aroused American Legion in Birmingham formed a committee of 500 to help law enforcement officers bring the masked raiders to justice. Even the sheriff of Jefferson County (Birmingham) had to Inform Die citizenry that they had the right to use arms to protect themselves. Clark Orders rrobr. U. S. Attorney General Tom Clark In Washington ordered the Federal Bureau of Investigation to rcjwrt on the Birmingham situation. A Congressional subcommittee announced a probe to open Wed- nesrtav In Washington. The Alabama Senate passed r Sec FLOGGINGS on Page 12 munLst pressures. Latin American ,countries could ordfr'r snch equipment 'through the United States National Defense -Establishment. The secretary of def c ixse woul d place the n rdc r.s a rid use government credit for advance financing. What is lo be iLsketl of Confess is authority to make contracts up to a maximum of $100,000,000 at any one time. Tills would not increase the Jl,450,000,000 appropriation sought for ;hc pact countries and other nations. Of this, SI. 130.000,000 is earmarked for eight European signers of the treaty. Including $150.000,000 to enable them to buy raw materials and munitions machinery from the United States, and $320,000,000 for otiier countries, including Greece, Turkey and Korea. w;us stolen by burglars early yesterday morning from the Bob Wilmmilh Grocery in Etowah, Sheriff William Berrymnn said this morning. The sale was found a Tew hours later in a roatlsldo weed patch where It had been abandoned after being forced open. 'Hie safe wns taken by the burglars who forced their wayjnto the store through the front door, Shcr- wns believed used to haul the safe Iff Berrymnn said. A car or truck from the store Lo the spot where It was opened and abandoned three miles east or the store on Slate Highway TT near the Floodway community. ; •; ' Nf*|fhbor ( Clvcs Alarm b' t ntn«f rid chisel were believed used by the robbers to gain entrance to the safe. The combination dial and door hinges wore knocked or chiseled off the sale. Mr. Wilmoulh said this morning that the burglary was discovered by Je.ss Pruitt who resides across the road from the store, who told officers that he' was awakened by the noise of the men loading the safe Into a vehicle. Mr. Wll- mouth quoted him as saying tha 1 he saw the men pull off with th safe. Brit Sr. . Western occupied -«>nes. If. (5 boom" K - >! •. The executive 1)oar:1.,pJ' the anti- Communist Railway' ^nlon (UCJO) bowed to the orders r)f* the Western Allies yesterday nnd'ordcrcd members back to work on the Soviet- controlled railways nt that time. The British, American and French commanders | n Berlin had warned that If the strike were not called off by Tuesday, the West Berlin city government would quit relief payments to the strikers. They . the strike could no longer be justified because It was seriously damaging Berlin economically, was blocking thq Purls four- Iiower agreements to revive Bust- West trade, and was laying a hit; burden -01^ th*. : W«itjv:n powers In malntnlng-'the rilrllff- ' '••" Strikers won two of th c ] r three major derniuufs. All salaries will be paid In West marks Since this currency has a purchasing power four to six times as great as the Sovict-sponsorc-d East mark, railway strikers have won one of the greatest wage boosts in Industrial .history. KerOKnillon Dmitri The rnllwny management will convert CO per cent of each employees East inn rk salary into West marks; the West Berlin city gov- He notified Deputy Sherlfi . J" lmcnt w |" exchange the other Sharp of Etowah who gave W ^J g^, __ ^^ Fire Destroys Barn; Three Mules Killed Lightning, last night cnU.scd the destructinn of a barn on the fnrm of T. B, O'Keefc, three miles east of BVythevllle, last niijhl. Three mules, which were In the barn when it was hit, were killed, Mr. O'Kff.-ft' said one of the mules apparently was kilted by the lightning while the others were destroyed by fire. Forty tou.s of hay stored In the a few minutes later, Mr. wilmonlh stated that two checks from the safe were found by officers along the roadside where they evidently had been discarded by the roblKrs and it is believed that all of the checks '.hat were In the safe were discarded. Closer! Store at 11 p.m. He told the Courier News thai he closed his store tor the weekend around II p.m. Saturday night and upon closing had placed all of the dny'.s receipt. 1 ? in the safe. He .said that it was customary for him to leave large amount. 1 ; of money I In the safe on closing Saturday' nlptit.s ris Eto-A'fih docs not have The Russian-controlled management has given assurances there will be no retaliation against strikers. The workers third demand— recognition of the UC.O as official ifKnlnlnv .asent—was denied. Nevertheless, success of the strike has been such that the (JGO. which began It with 3.000 members, now has l-l.ooo. The strike cost two lives and hundreds of casualties in riots. Economic losses are estimated at 20.000.000 West marks CS6.I Britain Sions banking facilities. "T" ' Jj ft Mr. Wilmoulh stated that Dep- 5 fttfjtjpk f OCt uly Sheriff Sharp arrived at the- "^ f viv-t barn were last, ho reported. The bolt struck around fl:!5. Mr. O'Krffc. who lea.scs the farm from thr: Lee Wilson Company, said he diet not have, insurance nn his hay. He situl he rlid not. know if the barn wafi in.surrd by the owner. Weather Garland County Rent Controls Are Removed WASHINGTON, June 27 Housing Expediter Tighe Woods to- dfvy announced removal Of rent tdutrols In one Arkansas county It was Garland County, Including Hot Springs. Woods said he acted on his own initiative after surveys Indicated that the demand for rental housing bad been rfMmitbty met- ,\rknnsas forecast: Partly cloudy with scattered thnndershowers this ntlernoon. tonight and Tuesday. Not much change In temperature. Missouri forecast: Thunderphow- crs northwest this afternoon and early tonight, clearing by morning Thundershowers cast and south tonight and southeast half Tuesday, bearing remainder of west and north Tuesday. Cooler Tuesday and northwest and extreme west tonight. Minimum this morning—72. Maximum yesterdoy—98. Minimum Sun. morning—74. Maximum Saturday—93. Sunset today—7:17. Sunrise tomorrow—4:49. Precipitation 48 hours from 7 a.m. today—.19. Tola! since Jan. 1—31.47. Mean temperature 'midway between high and low)—85. Normal mean for June—78. This Dale I.asl Vear Maximum this morning—73. Wiximum yeslerday—94. Precipitation Jan. 1 to this date -26,6!. U. S. Undergoing a Piece-Meal Recession Mid-1949 Surveys Indicate Times to Get Worse Before Getting Better; 'Bottom' Expected in Early 1950 . (Editor's Note: How <Ierp IP the : business recession in ihc United | States, and how long wilt it tn.st? What is in store for the public ! as we .slide avvny from the all- | time record boom of I94B? Sam Dawson. Associated Prc?s bust- j ness news columnist. surveys the scene at the hntf-way point oi 1949 In three articles. The first follows.) Ry Sam Dawson NEW YORK, June 27. <j?j—Tills is a piece-meal recession. Times will set worse before they Eel better, and when they RCE better it will be piece-meal, too. That's the way It looks half way through 1949 Assessments of what has happened to us so far. and what we can reasonably expect the rest of the year, range from soothing cluck- ings In Washington, to clnomy head- go ns far down the economic scnlebi:t not all— are lower than In 1918. did those ot I92Q-21 and certainly nowhere near as low .s in 1929-3.3. The rronomy Is rxprded to slnrl iipRr.irlc a^aln next spring, and slnvl* climb back v diiring the last nine months nf 1!)56. Most d on tit It "ill zti hack tn 19 IS levels until 1951 or '5Z. In some boom Industries, the 19W records may stand much longer than thai. 1CI37-3B. 'but most people exported that, even But Industries start bp before others That's because they had their jolt away back when yon didn't notice it much. They're adjusted to reality and ready to go. That's what Is meant by a piece-meal recession and recovery Things in general aren't as bad as some people talk them, But the shaking^ of the ~Benrs in Wall j whole world is watching what hap" * "' pens to us. There nre signs the Street. But the middle of the road estimate goes something like this: Most observers expect the slump to hit bottom about the first quarter oi I960. They think it will not slump Is becoming world-wide, and we are the business ringleaders now. Most business Indicators here Uaclc In 1918. this time most may well es men were well prepared for the slump. tncticators less favorable now than at the start of this year Include: the Federal Reserve Board's Industrial production index; eJcc- trtc power output, lowest since April but 4 percent higher than a year ago; steel production, lowest since April, 1948; crude oil production, lowest since March. 1947; busl- ner-i loans, lowest since spring of ID-it; business failures, steadily mounting; and retail trade, down four per cent so far this year. Hut indicators which are more favorable than at the start of this year include: freight car loadings, highest since November, until the coal mine holiday; auto production, highest since 1929; soft coal production, higher until the holiday stoppage: engineering awards, up seasonally to the second highest level of the year; bank clearings, aloO a seasonal high tor the year, Uncmplfiyni' i:f 1h Increasing, nnd higher in Ihe months store a few minutes alter the robbery Was reported rmd trailed the robber.s* cai or truck several miles along Highway 77 before losing It. Sheriff Berr>inrm .slated that State Policeman Tom Smalley was aiding him and Deputies Sharp, Holland Aikcn. and Charles Short of nlythpvjllc- ,1. W. McHaney of r/KtciwHIc .iruJ City Marshall Lcc Uaker of Manila, willi the invcoti- ihead. But employment Is up. too, reflecting bn'h tho strtidy Incrra^c the totnl l.'iUtr force and the seasonal trek to the farms. Corporate furniiiRs arn sliding from their pp;ik in the last qunrtrr of I94FJ. but arc .still about as hlyh as this time last year. Inventories arc- being held down, but are higher than this time last year — most observers think they arc not dangerous this time. The total nf Amcrkiins 1 personal income has ht:en dropping this year from Its all-tlmo Dfcembcr hii>h. It's still about two per cent higher than this lime la.st year. Savings continue high, both as to national totals and rate of increase. Consumer buying remains remarkably steady, although lower priced Roods nre helng hough t. Prices mosty have srlllcd down quietly. Kxreiilloni are the Johnny-comr-latcllcs to the recession — stich as meta1*v where Set BUSINESS on P*|e U Blytheville Man Gets Liquor Law Enforcement Post Assistant Revenue Commissioner Carl Parker, of Little Rock, hrxs announced that James N. Park of Hly(hcvi]|p, h;i.s been apixiinted liquor investigator for the Blythc- villc arra. Mr. Parks' uWKimtmetit WMS one 18 made reuntly. 'Hie new officers will assume their duties July 1. A tax was levied by the 1949 Ark- nns.-is Legislature [or the support; import*' Tnp.<rp would r.in >e from of the investigators u-no will cnfe,rcn, i m ueh r.crrlrcl till and Mil lo auto- alcoholic bvr.r.iRo laws and rcgula- mr.bilcs and uhi^y In return, BUENOS AIRES. June 27. rAP) -Dritain and Argentina signed a five-year trade n'.'rreinent (orlay, DHLS tunnrin.' United States objec- linns [o the prict The sli'iMne > \vn.s done in the pre~enro or President Jurui D. Peron. his wife ami a arcmp of h sh nfflrinl.s In tl'e white, salon oi Oov- rrnmenf hnpse Sir John Pr-lfour. Britain's am- h:i7s-dor to Argentina, and four minivers who form the Argentine National Economic Council signed the Si^ni.sh and English conies. American busine.smen believe the t',vo-'A-ay pact will, cut off nne of their Imnortant South American markets- The United States c!a ms the pnrt violates the spirit of free eomnetlUve international tricie. American officials ( c . 1r it mizht ker-p United states oil and farm machinery off (lie Arse-ivUm 1 market. Uncier the airreeni^n!. Britain •.vil! supply the bulk of Argentina's tlons in their respective areas. New York Stocks CLOSfNO STOKS: AT&T 130 1-2 Amer Tobacco 677-8 Hcth Htocl 24 1-8 Chrysler 46 5-8 Nan Distillers 18 Gen Electric 34 1-2 Oen Motors 55 5-E Montgomery \vaid ........ 49 Britain would re! from Argentina an estimated 300.COO toi:s of meat plus cereals ap.d other items. Three-way United S'ates-Brit- l.>h-Art;entine trndc lias been practically impossible since 1947 when the British blocked ixvimd convertibility. Blnc&in; the |yimtd meant Artretitjna could n<jt exchange ixiunris she earned by scllin? to Britain for dollars to purchase from the United states. Scars Roebuck . Republic Steel , Radio Socony Vacuum Southern Pacific 37 17 :M 10 14 1-2 Sovbeons CHICAGO. June b e .1 n s: 35 1-8 Nov Jiily Stiiidard oi N J 63 3-8 1 Dec 204! 2 7 — f.-V> — S o y~ l.o',v Close 203' 3 205'i 202 Vi 2(H!a-!i

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