The Courier News from Blytheville, Arkansas on May 3, 1966 · Page 9
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The Courier News from Blytheville, Arkansas · Page 9

Blytheville, Arkansas
Issue Date:
Tuesday, May 3, 1966
Page 9
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Big Business Boom Nears Peak While the stock morket has had many up* end downs during the port 10 wars, the long, term trend has been steadily upward-doublina stock values with,!.i the decade..Many events have had a strong influence on market performance. Newsehorr relates the nso 3 hduitrial averages during the period with some of the major national and international toSEStoSKto successive changes in the discount rat. (asterisk figures), the Federa! Reserve's traditional device for inffyeneina economic activity by tightening or easing the money supply. By SAM DAVYSON AP Business News Analyst NEW YORK (AP)-Opposition to a tax increase now is based on a growing suspicion that the big business boom is at or nearing its peak. This view holds that the unusual upsurge of recent months is about over. Ahead, without any further government intervention, would be either a definite slowdown in business expasion or a leveling off on a high plateau. A tax increase thus wouldn't be needed to curb a runaway boom. It might even cause a 'Never' Films Make Showing in South By BOB THOMAS AP Movie-Television Writer HOLLYWOOD (AP) - "It'll never play in the South." . Throughout Elizabeth Hartman, who falls in ; made to Southern audiences: love with him. the kiss between Poitier and most of Hollywood's history, that comment has been offered for films con. cerning Negro themes and featuring Negro actors. Indeed, the fear of losing the Southern T "market, which has traditionally been a good one for films, has ' deterred many producers from : undertaking projects with interracial overtones. '- The situation is different now. Film companies report that . films with Negroes can earn as ' much and in some cases more in the South than elsewhere in ( the nation. Example: "A Patch of Blue," '> in which Negro Sidney Poitier befriends a blind while girl, "The picture was the second biggest grosser at the Loew's Theater in Atlanta — second only to a rerelease of 'Gone With the Wind,'" reports an MGM man recently returned frohi opening "A Patch of Blue" in the South. "Our film exchange says there has been no resistance to booking the movie in Georgia, Alabama and other Southern states. Only one woman theater owner in New Orleans refused to play it." Oddly, "A Patch of Blue" was given an art-house opening in New York and did disappointing business. But on the basis of excellent returns from the South, MGM is predicting a gross of $4 million-?5 million. Only one concession was Miss Hartman was cut. The MGM man explained: "We showed the kiss in a test screening with Southerners, and there was such a gasp that it ..__ decided to eliminate the kiss. It wasn't important to the story, anyway." Another film starring Poitier, "A Slender Thread," has also been booked extensively through the South. "We encountered no difficulty at all with Southern theaters," says Paramount studio head Howard Koch. "And the returns from the South on 'A Slender Thread' have been proportionate to the rest of the country." Poitier seems to have the magic name to break down Southern prejudices against playing films with Negroes. NEWS BRIEFS PHOENIX, Ariz. (AP) -The Voice of America is "having an effect on the Russians, particu larly the young Russians," says director John Chancellor. "In less than three years w have been able to break the So viet monopoly of news to thei own people," Chancellor tok the American Association o Advertising Agencies. CROWLEY, La. (AP) - A new variety of medium grain rice may increase Louisiana's rice production by 15 per cent, according to officials of Louisiana State University. The LSU Agricultural Experiment Station described the variety as a welcome newcomer to a hungry world 'because of its high productivity. ownturn in the economy. Some rivate as well as government conomists see government fis- al and monetary steps already aken as likely to moderate the msiness pace in the latter part of 1966. A tax increase would be needed, they hold, only if the war in Viet Nam should expand or suddenly prove more costly. The view that the economy will moderate its pace isn't universally held. Many corporate exectives are telling stockholder meetings these days that still greater activity for their com>any lies ahead. Prices continue o rise, here and there. Wage demands tend to be scaled upward. Most of the economic indicators still point upward. And, with few exceptions, most of the current statistics stress new highs rather than any slowdown. Based on these figures, a view that the fast growth of recent months is due to continue—and thus offer an inflationary threat —is easy to susain. Then on what is the suspicion of a moderating pace ahead based? One point being increasingly made is that the economy grew so fast because it had room in which to grow. This room i fast disappearing. Many industries are now operating near maximum capacity. In some skilled trades there is a labor shortage. This puts a natural curb on growing so fast much longer. It also, of course, increases pressure for higher prices and wages. Credit also is becoming tighter and borrowing costs higher. Lenders are beginning to frown on marginal risks. And some expansion plans and spending schemes sffer. Government economists stress the steps already taken in Washington to slow the boom. They contend that the effect ol these is yet to be felt and judged. One curb is starting this month with the shrinking ol paychecks through withholdings to meet income taxes. Corporate tax collections also are to be speeded. This will leave less cash in the company till the rest of this year for the financing of more activity. And the administration puts great hope in the effectiveness )f Its campaign of persasion. The president, and various department heads, are urging businessmen to hold down prices and to trim or postpone expansion plans. They are urging consumers to spend more careully—and meat markets report that housewives are giving the lower-priced items * bigger play now. Today In History By THE ASSOCIATED PRESS Today is Tuesday, May 3, the 123rd day Of 1966. There are 242 days left in the year. Today's highlight in history: On this date in 1919, airplane passenger service was inaugurated when a pilot flew two women from New York to Atlantic City. On this date: In 1494, Christopher Columbus, discovered Jamaica. In 1802, Washington, was incorporated. D.C. In 1864, Gen. Ulysses S. Grant led his Union troops across tiie Rapidan River to battle th* Confederate forces of Gen. Robert £. Lee and begin some of th« most desperate fighting of the Civil War. In 1937, Margaret Mitchell won a Pulitzer Prize for her novel, "Gone With the Wind." In 1940, Congress passed aa act creating "I Am An American" Day. Ten years ago—A conference on the Methodist Church resolved that there must be no place in the chrch for racial discrimination or enforced segregation. • : Five years ago-Thirty-eight were killed and more thansSO injured in an explosion in a fireworks factory in Venezuela. J_ One year ago—The trlatee! Collie Leroy Wilkins for the civil rights murder of Mrs. Viola Gregg Liuzzo began hi Alabama; it ended in a hung jury. 11 NEW HAVEN, Conn. (AP) The Ford Foundation will grant another $6.3 million to a program of international studies at Yale University, THE ENERGY OUTLOOK BATTERIES, FUEL CEU.S, RADIOISOTOPES / AND -JGEOTHERMAt. SYNTHETIC OIL NUCLEAR FOWEH WOOD. WATER WHEELS SOLAR ENERGY, FUSION, OR?? . HYDROPOWER President Kingman Brewster Jr. announced. The award supplements a $3-million grant made by the foundation in 1961 to launch a 10-year plan of graduate training and research. ASPEN, Colo. (AP)-Dr. Constantinos Doxiadis of Athens, Greece, is the third winner of the annual Aspen Award in the humanities, which carries a prize of $30,000. The award will be presented by the Aspen Institute for Humanistic Studies for Doxi- adis' work, described as "the science of human settlement." ,~v - - 22 °° Energy consumption in the United States is expected to go up 300 per cent during the next few centuries os the notion's population climbs to about 500 million. As forecast by a major oil company, Texaco, exploitation of present energy sources will be greatly expanded but there still will be a gap between conventional supply and total demand. This could most effectively be filled by direct tapping of the sun's power, ultimate source of all energy on earth, but economical means must first be developed. Most promising may be the collection of solar energy in space with satellites and transmission to earth in concentrated beams. A year's total U.S. energy consumption at present could be collected by a single satellite 24 pules ie diameter. Booby Trap Specialists By BOB M. GASSAWAY CU CHI, South Viet Nam (AP)— One of the most important weapons of the Viet Cong in South Viet Nam is the booby trap. American soldiers say the Communist guerrillas have considerable talent for inventing the death-dealing devices. Capt. A.R. Foss of Sioux Falls, S.D., commander of Company C of the 1st Battalion, 27th Infantry Wolfhounds, says the Viet Cong "are masters at booby trapping." "There are thousands of booby traps," Foss said, "but one of the most unusual I have seen was a water jar filled with ex- '' : plosives and pieces of glass and pieces of metal. It looked innocent enough, but if someone had kicked it while searching this house, it would have really messed him up. 'Another one the VC like is a shell—usually a small arms shell—under a shield of bamboo stuck in the ground: When you step on it, it pushes the cartridge down onto a nail and It goes up through your foot." Foss was running an operation north of his base camp at Cu Chi when his men recovered some American grenades that Communists had captured. Foss picked up one to carry on a patrol and discovered a small dot of red paint on the release handle. Becoming curious, he checked the grenade and found the Viet Cong had removed the delay tricks," Foss said. "A lot ol booby traps will be marked if you look carefully. Red is the almost international mark for mechanism 1 ' so the grenade would explode the instant the iin was pulled. "That's one of their favorite jooby traps. It might be a ret lash on a tree or just a piece o: bamboo with a red mark on it 'hat means for Kieir people to watch it. You can usually tint he marks if you look." Lawn Mowers S Small Engine Repairs AUTO TRUCK and TRACTOR PARTS CO. SERVICE SHOP PO 3-4511 316 North Broadway Your Awthoriztd Briggs and Strotton Distributor for Mittttsippl County. ENGINES PARTS SERVICES BE SAFE LET US PROTECT YOUR PRECIOUS PURS AND WOOLENS IN OUR BONDED STORAGE VAULTS. BESTWAY Laundry Cleaners PICK-UP £ DELIVERY PO 2012 W. 2-2408 «'*W"1W Main MF.MBFR HERMON JONES BUSINESS MEN'S ASSURANCE C«. 1430 Onion Aw Wiohe 274-+WO Urmpntt t. Tennim* OMJ toi Free coniuiution Insurance for tstt« Pluming Key Man. '«nnerablp «n Corporation, aroup. Pennon. Betlrt- ment and flnspltallaatton. FOR GREENER LAWNS! fertrlome Containing CHE1ATED lRON A complete, organic-base plant food with chelat«d IroiKFeTRACIrfliaiep---! Ib. per 100 IDS. Controls Iron chlorosis (yellowing of grass and foliage) over long period of time. The Red Barn So. Hi-Way 61 Open Sunday Afternoon Byrum Hdw. & Seed USE. Main Open Nightly 'til 9 p.m. Open 'til Noon Sunday 3 MONTHS SUBSCRIPTION TO THE BLYTHEVILLE COURIER NEWS THE PEPSI COLA BOTTLING COMPANY AND THE COURIER NEWS WILL SEND A FREE COMPLIMENTARY SUBSCRIPTION TO THE COURIER NEWS TO YOUR LOVED ONE IN THE ARMED FORCES FREE NO OBLIGATION! JUST FILL IN THE COUPON BELOW AND MAIL TO: THE PEPSI COLA BOTTLING CO. ELM and MATHIS ST. Blytheyille, Ark. 72315 «.......e.•••••••••••» ••••*« .••»•••!• «.••••••• APO City State Zip Be sure to print PLAINLY so there will be no delay or mistake in getting the paper started. NO REFUNDS ON EXISTING SUBCRIPTIONS. This coupon good for three months' subscription by mail to a member of the Armed Forces anywhere in the world. Courtesy of the Pepsi-Cola Bottling Co. of Blytheville and the Courier News. Coupon expires July 1,1966. Good only in Miss. County Ark. and Pemiscot County Mo. PAPERS WILL NOT BE MAILED TO LOCAL AREAS I**********************'*******"'********************************' !*22J2«*a Cut Out Coupon Today and Send 3 months subscription to a loved one in the Armed Forces. OFFER LIMITED

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