The Courier News from Blytheville, Arkansas on March 29, 1949 · Page 12
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The Courier News from Blytheville, Arkansas · Page 12

Blytheville, Arkansas
Issue Date:
Tuesday, March 29, 1949
Page 12
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BLYTHEVTLLE (ARK.) COURIER NEWS Curbs on Buying Stock Are Eased U.S. Reserve Board Cuts Down Payment To Fifty Per Cent WASHINGTON, March 29 W) Ltsstnlnft worry about Inflation was apparent today in the • Federal Reserve Board's decision {o make It ea5ler to invest In stocks. ., The board, which controls the \'61ume ot money a:id credit, already had made It easier to buy autos. furniture, etc., on the Installment plan. Then last night, it decreed that slocks may be bought after lodny with a cash do«n payment of 50 per cent as compared to the 75 per cent required for the last two years. The cut Is warranted, the board said, by the "general credit situation." Short! yafter the board's announcement, Board Members Marrlncr S. Eccles said the action Indicates a "recognition that a dlflation Is certainly more Imminent." Kecks spoke on a television broadcast. He said a certain amount of deflation Is a "healthy thing for the country" and added: "I am sure the American public In its Rood sense did not expect the boom of the last three or four years (o go on Indefinitely: The board's order was Issued In the wake of a [low of government reports showing employment, production, prices, bank loans and sales Of many goods coursing down together In early 1949. Not In four years—since the approaching end ol the war made the board in 1845 fearful ot an inflationary boom spreading out of the stock markets — had the board mad: securltles-;buying credit 50 liberal. Throughout 19*6, whrn it ans Bounding the gong against Inflationary fires, the board banned grant of any credit to stock buyers. The shift in the board's views on the economic state were underlined by the fact that easier "stock margin requirements" were authorized on the heels of consumer credit control relaxation March 3. COTTON continued from Pa«e 1 Heimwtead ................. 11,166 Howard ..................... 4579 Independence ................ 9,379 Itard Jackson Lafayette Lawrence Lee ..... Lincoln UUIc River 4,700 58,417 16,cH3 62,6V! 34,695 . 6.68J 2,'G4 15544 41,433 6(i04 Lack of Complaints Frets U. S. in Germany BERLIN—{/Ph-Trylng to get \he Gernuns to police their own government la one of the hardest jobs attempted by the U.S. military government. • ' . If an American doesn't like the way his congressman or alderman votes, or the way a ciril servant treats him, he raises a loud public beef. But not a German. Decades of autocratic rule have taught him either to be afraid or resigned. Even now, when he elects his own officials; he takes abuses of power in silence—or at most he grumbles in private. Military government Is trying lo teach the. Germans to "assert their Miller Monroe Nevada Oijaciilts Perry ....................... 869 Pope ...................... 5!),>3 Prairie ................... 12C94 Piu.vkl ................... 24,719 Randolph ................. 18.506 Sevler ..................... 1,293 Shai|- .. ........ .......... 5,277 Union .............. ....... 4,209 Van Biircn ............ , ... 2.822 White .................... 30,15» Woodiufi .................... 47,036 Yell ......................... 9,12J AD other ................... 13.94J Quality Report Issued Cotton ginned from the i !948 crop In Arkansas, Louisiana, Mississippi, Missouri and Temic.we nwragfd slightly lower in grade, but longer in staple In all states except Tennessee than the 1C47 crop, Clyde ti. McWhorter, of the Memphis PMA's Cotton Branch Office reported. Proportion of glnnlngs White Middling and above decreased compare j with 1947 in all states except Louisiana. These grades accounted for 46 per cent of the ginnlngs this sexson In Arkansas, 71 per cent In Louisiana, 54 per cent in Mississippi, 37 per cent In Missouri, and 53 per cent In Tennessee. Percentage of White Strict Low Middling was about double that of 1847 in Arkansas, Mississippi and Missouri. Spotted, tinged arid stained. grades comprised a significantly larger portion of the 1948 cotton crop with the percentage running two or three times, that of 1947 In Arkansas, Mississippi, Missouri and Tennessee. Cotton ginned from the 1948 crop averaged 332 thirty-seconds Inches in Arkansas, 33.5 In Louisiana, 34.0 In M.sslislppl, 33.8 In Missouri and 32.5 in Tennessee. Staple lengtlis 1-1|32 inches through 1-3|32 Inches represented the bulk of 1948 crop In nil slates, staple lengths 1-1|8 inches and longer comprised tamper cent of ginntngs in Mississippi this season compared with 2 per cent last year. Glhnlrtgs In running bales from 1948 trop as reported by the Bureau of Census with comparisons for 1947 are: Arkansas, 1310/443 against 1541,927; Louisiana 731S71 against 489,842; Mississippi 2,214,884 against 1,517,253; Missouri 509.464 against 314,103; Tennessee 640.602 against 507,032; and for the United States 14,540,348 'against 11,551,738. rights". Murray D. Van Wagoner military governor of Bavaria, recently gave the Germans a lecture on the subject. It Was Founded Upon a Rock' Obituaries Mrs. R. R. Chisholm Dies In Home on Lake Street Last riles for Mrs. Lola Chisholm, n\fe of R. R. Chisholm, were con- luctcd this afternoon at the home at 515 South Lake Street by the Rev. Vent Bowlin pastor of the Pentecostal Church In Blythevllle. 'Mrs. Chisholm, 48, died at her icme yesterday after a long Illness. Her husband, a son, Jack Chis- iulm n.; Btytheville, and a daugh- rr, Mrs. Martha Baker of the Double Bridges Community, sur- tive -ier v O^-her survivors Include iier nivther, Mrs. John St. John, vho made her home with her daughter; two brothers, Ralph St, John "f Blythevllle, and Bob St. John, «erviug with the United States 'Navy and a sister, Mrs. Katie Hanks of the Sandy Ridge Community. Burlai was scheduled to be at the Cogwood Ridge cemetery under the direction of the Cobb Funeral Home. Once used to save German lives, this former air raid shelter in Dusseldorf is now beinn used to save German souls, t has become a Catholic chinch. Guiding force behind the unique church'is Dr. Karl Kllnkhnmmcr (Inset), who .'wined Ihe n:mic of "Ruhr Priest" for his go6d work in the Ruhr coal urea. He supervised cn«incers who blasted through the six-foot lliick, reinforced conerelc walls wilh explosives ;m<l bunirt! out lh<- slro! wild sicdylcnc torches to make windows Girls Club Leader, Juvenile Court- Worker to Speak Mrs. Ha Huff, director of the Memphis Girls' Club,. will be the (irlnclpal speaker at the BMheville Mons Club's Ladies Night program tonight at the Hotel Noble. Chester Caldwell, program chairman for the dinner, said that Mrs. Huff has served in the Oklahoma 'rglslature for six years, but retired from thht office !o Join the Juvenile Court s'.aff at Memphis, she started l.ei work with children In Texas us a schoo, teacher, where she became rrcognlztd for rehabilitation work. She was later mimed director of fhe S-ate Department of Child Hea';h and Welfare'for Oklahoma before ijeing elected to the legislature. Willie serving as representative she was Instrumental in pass- irg several bills Rimed at Improving welfare and health for children tr. Oklahoma. Prior to Mrs. Huff.'s address, the pronp wil' heai the Marked Tree High School Chorus. The nine membe- choral group is directed by George L. Hodge. Worth D. Holder and I» E. Old ere in charge of entertainment. Halelgn Sylvester. Joe Evans, E. B. Woodsnn and C. p. Tompkins are In charge of ticket sales. The National Wildlife Federation estimates that there are nearly six million blg-gnme animals In the United States. U. S. Cigarettes Plentiful as Rain In Southeast Asia SINGAPORE—m—American cigarettes have been barred from Singapore for three years, but they're as plentiful as the ruins In this Southeast Asia port. Every .so often a stem slap on the wrist 'is aimed 'at those who evade regulations and use up valuable United States rlollnr exchange for purchase of non-vital American clan redes. Such a campaign Is icing pushed these days with all the drive and enthusiasm of a walk It the tropical sun. Along wilh other lands in the British sterling world, Singapore seeks to use Its U. S. dollars to buy such essential commodities as chemicals, inetals, and the like. Why then can a smoker stop at any shop and buy all the American cigarettes he wants for the same price fa bout 30 a. S. ents) as are asked for comparable British brands? Tot strenuous customs endeavors might Irritate legitimate Importers. "We must strike a sensible balance," explains a 3rit!sh official with a good-natured shrug of his shoulders. When it !s anticipated that i,he present supplies will become exhausted -nd—os happens when stocks become scarce--prices will beRin to climb? Officially, perhaps in a few months. Unofficially, never. Incidentally, American cigarettes U. S. Justice Machine Target of Russian Play MOSCOW— liP>— A new play about the United States— "The Crime of Director Riggs"— has opened tn Moscow. The time Is the last years of the war when Roosevelt was alive. RlSgs. the hero of the play, lives In a small city where he teaches school. The town's "boss" is a Senator. lie i£ pictured as "the servant of Wall Street." The play deals with the conflic between Riggs and the Senator and ends up, according to a local critic, showing "how horrible is the ma chine of justice in the USA." The thick hawk Is reported to be the fastest flying bird In the United 1 States. ^ aren't too sought afler In this far! off land. The American colony is ! small and the British prefer British ones. Ah Expert Is On The Way From the KAHN TAILORING COMPANY TUESDAY, MARCH 29, 194< The Vicnx Carre or original city of New Orleans ia.s about a mile long and extended about half a mile from the river. ConfusecJ i^r^f"' **?.*»**j*rs>" * Double Trouble I" FORT WORTH, Tex. (U.P.)-f Dorothy Maddox, admitting] at Pennsylvania Avenue Hod found the case of Mr». <i plenty contusing. She adr? two Mrs. Greens to the ho 1 within 10 minutes. Both hac same doctor. Both were in f* same type of major surgery. their husbands worked for the drug store. Little Gertrude Jollek, confused by all the happenings and strange FlBht-s, finds no consolation, not| even fram her doll, and sheds big tears as she arrives at New York as one of f he 881 displaced persons on the Army Transport Central C. H. Muir. Gertrude, who Is two and cne-hatf and her parents will live i:i New York. (AP Wirephoto.) STRAIGHT BOURBON WHISKEY • THIS WHISKEY 1$ « YfARS OlD 86 PROOF • BELMONT DISTILLING CO.. LAWRENCEBURG, IND. II RC ictor Record Put Your Shoes on Lucy The Fontane Bistera Comme Ci-Comme Ca Tony Martin Alice Blue Gown Wayne King Careless Hands Sammy Kaye Red Roses for a Blue Lady Vaughn Monroe Dreamer With a Penny Bill Lawrence The Missouri Walking Preacr Ray McKinley Par Away Places Perry Como "A" You're Adorable Perry Como Hurry, Hurry, Hurry The Three Sons >| Victory Ball « Metronome All Star» ' Cold Hearted Woman Erskine Hawkln* Candy Kisses Elton Brltt A Heart Full of Love Eddy Arnold Little Grey Home In the West Sons of the Pioneers Adams Appliance Co. Inc. J. W. ADAMS, MST. J06-08 W. Main Phone Mil OF INDIANAPOLIS Mr. Martin Robertson Will Be Here Thursday, March 31st He wi 1 1 bring for your selection on outstanding array of men's and women's fine suitings for spring and summer wear. He will be glad to ' take your measurements. We invite you to come in and see him. HUDSON CLEANER TAILOR HythtYllh, Ark. CLOTHIER There's help waiting at a moment's notice for today's homemakers. Cheap, dependable help, ready and willing to work around the clock and calendar, to bring you the comforts of electric living. Yes, even.the most modest homes have hired help— wired help—to ease the drudgery of housework, to cook and wash and sew and clean, at a moment's notice. Yet electricity costs so little! The skill and experience of your friends and neighbors in this company make electricity the biggest bargain in your family budget. Sound business management helped, of course. So did your own wider use of electric service. Because electricity—strange as it may seem —is the only helper who gets paid less for •working overtime! HELEN HAYES star* in the ELECTJUC THEATRE. Hear it every Sunday, CBS, g P. M., CST. Ark-Mo Power Co.

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