The Courier News from Blytheville, Arkansas • Page 5

TUESDAY, MARCH 17, 1953 BLYTHEVTLLE (AIUU COURIER NEWS PAGE FIVE Said Planning RFC Abolishment Officials Hope to Cut National Deficit with Assets, Observers Say by JACK BELL WASHINGTON The Eisenhower administration was reported today planning to abolish the RFC with the hope that Us assets will provide a billion dollars toward cutting the national def'it. Administration officials apparently are weighing' these alternatives: (1) acting by presidential reorganization order, or (2) getting behind a bill by Sen. Byrd (D-Va) to kill off the agency and transfer some of its functions to other departments. Either move would be in line with President Eisenhower's announced intention to take the government out of competition with private business as far as possible. Byrd would not comment directly, but he was reported to have been assured by Secretary of the Treasury Humphrey and other administration officials that action on the RFC will be forthcoming soon.

Byrd told an interviewer he hopes the administration looks beyond the RFC toward abolition of some other agencies to which past Congresses have given borrowing and lending authority aggregating about 20 billion "That is a very fertile field in which to get considerable funds to apply to the he observed. Liquidation of the RFC appar- 1 ently would involve the sale of a large share of the $1,168,000,000 in assets estimated to be in its pos- session in the fiscal year beginning next July 1. i Under the government's bookkeeping system, any funds realized would go to the Treasury as revenues and would help toward balancing the budget. Former President Truman estimated the deficit in the next fiscal year at nearly 10 billion dollars- Included in RFC assets is a net of $679,639,000 in loans and investments, after estimated losses, and $47.744,000 in other assets. In its war supporting program, the RFC reported 3439,606,000 production facilities and liquidation of foreclosures, plus 51,075,000 in its small defense plants administration.

Administration leaders were said to be determined to salvage out of the RFC some agency which would continue long-term loans for small businesses, like those he Small Defense Plants Administration is now making. FILM SHOWS MONARCH'S Crown of St. Edward, which will be placed on Queen Elizabeth's head at the supreme moment of the coronation, is held aloft in this scene from the London-made film, "The Coronation Ceremony." The film will show the coronation of Queen Elizabeth II for the British Central Office of Information. This crown, made for Queen Victoria's coronation, is almost like the one made for Charles II in Cherry Says He'll Sign Tax Cut for Feed, Seed If Possible Price Decline Hits Broilers RALEIGH. N.

C. The general drop in farm prices has resulted in North Carolina broilers selling at or near the break-even point. Broil- ers which cost 24 or 25 cents a pound to produce are now bringing in 2G cents a pound, says a North Carolina State College poultry market- Ing specialist. Charles W. Williams says competition from other other broiler areas and the drop in beef prices are largely responsible.

He advocates more efficient broiler production as the best way tb combat the situation. LITTLE ROCK Gov. Francis Cherry said this morning that if it is possible I'm going to sign the feed, seed and fertilizer bill," The bill removes the two per cent sales tax from feed, seed and fertilizer, and will cost the state an estimated two million dollars annually in lost revenue. Cherry said that ne imd not signed nor vetoed any bill since the Legislature adjourned Thursday. Today was the governor's first day back at work after a long weekend rest.

Cherry'said that he would have to cheek over all appropriation bills, particularly those allotting money for construction before he could sign the tax exemption measure. He indicated that construction appropriations might have to be cut to make room for the bill. Cherry flatly denied a charge made by Rep. Jim Campbell of Garland County that the governor made some last minute trades with the legislators to win House approval of his proposed constitutional amendment to revise the stat property tax structure. Campbell made the charge the House floor during the finn debate on the Cherry amendmen which will go on the ballot at th next general election.

When asked to comment on Camp bell's statement, the governor re plied: ''That's not true," The governor denied any involve ment in Sen. John L. McClellan reported raising of £15,000 for gub ernatorial candidate Boyd Tack ett'o campaign last- summer. Cherry said he had "told Tack ett I wanted his support, a that's all." The governor refused to commen on a report by the Pulaski Count Grand Jury on gubernatorial cam paign contributions. The jury last Friday listed a tot a lof $567,460 as spent by five gub evuatovml candidates in last sum mer's Democratic primaries.

The Jury's report said Gov. Cher- Dead on Your Feet? IF YOU SUFFER FROM Fatigue Nervousness Poor appetite Digestive upsets Insomnia See your doctor. The basic cause of your trouble may be iron-and-vitamin starvation over a prolonged period. BEXEL, the Special high-potency Formula supplies supplementary quantities of iron for rich red blood to start new strength and energy pouring: through your entire body. Each i BEXEL capsule gives you more than 5 times the daily minimum requirements of blood- building iron; more than the daily minimum requirements of all the essential plus amazing Vitamin plus trace Join the thousands of grateful men and women of all ages who thank BEXEL Special Formula for giving them a glorious outlook on life.

Get BEXEL today available at all drug stores. lymptomt, In da net dietary dtflclvncy other caitiff vr functional ONLY 64 A DAY HIGH POTENCY BEXEL SPECIAL FORMULA CAPSULES MONEY IACK GUARANTEE if yotf don't feel noticeably belter after yevr very fitit bottle ol BEXEU MADE AND OUARANTCED MCKESSON BOBBINS, BRIDGEPORT, CONN. WOODS DRUG ry spent about $131,000 with an of this amount in the run-off against former Gov. Sid McMath. He said today, "Oh.

I could have taken in a million dollars, I suppose. If I had just been out after money. There was plenty around." DRAFT (Continued from Page 1) Chicago, Jimmy Don Montgomery, Leachville; Albert Lee Bunn, Luxora. Negroes leading today: Charles Lee Bell, Eddie Jordan, Loice Woods, all of Blytheville; Eliger Louis, Willie Taylor, Sylvester Deener, all of Osceola; Willie Young, Cleveland, Ohio; J. D.

Howard, Armorel; Charles Curtis Bunyan, Alex Green, both of Joiner. Four registrants who became delinquent today were Mack Wei ton Drinkard and Clifford Leo Champion, both of Blytheville, and two Negroes, Johnnie White, of Blytheville and Hurman Govan of Wabbaseka, Ark. CHERRY (Continued from Page 1) commend them for the progressive legislation they have enacted." Prior to Cherry's address, the ABA adopted a resolution requesting the Federal Communications Commission to extend for at least two years the time for developing educational television stations. When setting aside certain TV channels for educational use only, the FCC last year set a deadline of June, 1953 for applications to reserve the channels for noncommercial use. "In most states neither govern- Commodity And Stock Markets- York Cotton Open High Low 1:15 May 3384 3J8S 3381 3383 July 3391 3392 3384 3384 Oct 3378 3387 3376 3376 Dec 3384 3387 3380 3380 New Orleans Cotton Open High Low 1:15 May 3382 3386 3318 3384 July 3388 3389 3381 3384 Oct 3378 3381 3377 3377 Dec 3383 3385 3381 3381 Chicago Wheat Open High Low 1:15 Mch ..226 226 226Vi May 22914 a 2297s Chicago Corn Open High Low 1:15 Mch ISfi 157 35 156 May 160'i 158 Soybeans Open High Low 1:15 Mch 302 304'i 302 Maq 300'i 3teH 300 July 299V! 296', 297'i Sept 284 286 284 New York Stocks A and Amer Tobacco Anaconda Copper Beth Steel Chrysler Coca-Cola Gen Electric Gen Motors Montgomery Ward Central Int Harvester Penney Republic Steel Radio Socony Vacuum Studebake- Standard of Texas Corp Sears Steel Sou Pac 159 3-8 74 3-8 42 3-8 56 1-2 88 5-8 121 73 1-8 68 1-8 61 1-4 24 3-8 30 7-8 67 3-8 51 3-4 26 3-4 35 '-2 74 3-4 60 5-8 42 1-2 49 1-2 Rites Tomorrow For Mrs.

Travis Services for Mrs. Willn Ann Travis. 73, of 112 West Cherry, will be conducted tomorrow at 3:15 p.m. at First Methodist Church by the Rev. Roy I.

Bagley. Wife of (lie late A. P. Travis, who died last November, Mrs. Travis died here Sunday.

She and Mr. Travis were married 65 years. Honorary pallbearers include the Blytheville Fire Department, Men's Bible Class and Open Door Class of First Methodist Church, Dan Blodgett, T. P. Dean," William Berryman and Paul Cooley.

Burial will be in Maple Grove Cemetery. Cobb Funeral Home is in charge. RED CROSS Livestock (USDA) Hogs, 11.500; mod- 11,5 0: mo erately active: uneven: weights 180 Ibs up 25-35 cents lower than Monday's average: 170 Ibs down 25-50 lower: sows under 400 Ibs steady to strong; over 400 Ibs steady to 25 lower; bulk choice 180-230 Ibs 21.00-35; several hundred head mostly choice No. Is and 2s 200-22 Ibs 21.40; 230-270 Ibs 20.25-21.15, few to 21.25; 150-170 Ibs 120-140 Ibs 16.75-18.75; sou's 400 Ibs down 19.25-20; heavier sows 17.2518.75 boars 12.50-15.00. Cattle, 4,000: calves, moderately active demand clearing some high good and choice steers and heifers fuUy steady at 21.0023.00; cows filow; some sales steady on utility and commercial at 14.5016.00.

Car, Truck Collide A car-truck collision at Lilly and Walls Streets yesterday involved Fred Williams, 1205 South Lilly, and Ernest Strong, 1227 Murtle Street, both Negroes. Officers Willie Hopper and Fred Hodge reported Strong was driving a Delta Implement Company pickup truck west on Walls, and Williams' car was traveling north on Lilly. ments nor educators are sufficiently prepared to apply for facilities" at this time, said the ABA. (Continued from Page 1) Mi's. Darrell Lunsford.

Mrs. E. Miller. Mrs. Shelburn Brewer, Mrs.

B. R. Hays, Mrs. R. C.

Farr, Mrs. Murray Smart, Mrs. Lloyd Stickmon; Mrs. B. N.

Payne, Miss Rosa Schuneritsch, Mrs. B. A. Bui Mrs. T.

I. Seay. Mrs. L. E.

Old, Mrs. Dick Shanks, Mrs. Max Walters, Mrs. C. L.

Kelley. Mrs. Orlie Parker. Mrs. J.

W. Adams, Mrs. B. F. Brogdon, Cobb, Mrs.

Graham Sudbury, Mrs. sanford Shelton. Mrs. F. B.

Joyner, Mrs. El- bevt Huffman, Mrs. Leonard Johnson, Mrs. Sam Hanley, Mrs. 1.

R. Coleman, Mrs. Jack Cuadra, Mrs. George Hubbard Mrs. Barney Crook, Mrs.

Charles Bright. Mrs. Harold Thompson, Mrs. H. L.

Halsell, Mrs. Carl Blackard, Mrs. E. B. Gee, Mrs.

H. C. Bush, Mrs. Jesse Horner, Mrs. Floyd Rector, Mrs.

Tom Smalley, Mrs. P. M. Roberts, Mrs. Abe Kinningham, Mrs.

Jack Webb, H. Halford, Mrs. Bob Warren, Mrs. Hadley Hays, Mrs. Toler Buchanan, Mrs, Logan, Mrs.

Worth Holder, Mrs. C. Owens, Mrs. Riley Adams, Mrs. J.

P. Garrott, Mrs. John Holland, Mrs. G. L.

Scott, Mrs. W. J. Wlllingham, Mrs. Charles Hardin, Mrs.

L. Smotherman, Mrs. Jack Henry, Mrs. Tom Brown, Mrs. Jack Vowell, Mrs.

Joe Atkins, Mrs. John Long, Mrs. W. W. Booker.

Mrs. Beulah Miller, Mrs. Otis Barnes. Mrs. R.

W. Woolen, Mrs. Don Wilhelm, Mrs. Gilbert Sroythe, Mrs. Phillip J.

Hoard, Mrs. Bill Hodge, Mrs. Jack Wagnon, Mrs. Kenneth Richardson, Mrs. R.

E. Blayloek, Mrs. Harry. Weedman, Mrs. Geo.

Hamilton, Mrs. Harold Felker, Mrs. J. F. Browneon.

Mrs. Otho Stanfield, Mrs. E. L. Crouch, Mrs.

W. I. Malin, Mrs. pave Halstead, Mrs. T.

J. Barnes, Mrs. Vance Henderson, Mrs. o. S.

Rolll- son, Mrs. Eugene Hood, Mrs. B. L. Cooper, Miss Nancy Damon, Miss Barbara Monaghan.

Miss Mary Clay Crawford, Miss Lillian Shaver, Miss Cecil Cassidy Mrs. Raymond Bomar, Mrs. Raydo Veach, Mrs. Gordon Harris. Mrs.

A O. Hudson, Mrs. Allen Pickard, Mrs E. F. Still.

Record Equipment Sales LONDON Britain's exports of office eqcipment broke all records in 1952. Shipments exceeded 539,200,000, more than $2,800,000 higher in 1951. Sales to the United States and Canada brought in nearly $5,600,000. STYLING EASTER FASHION FOR YOU EASTER TIME IS TIME Trim-tred Polly Deb Wedge Turf Tan Egg Shell White Kid Corne in, see our large selection of Trim Treds for EASTER, make your choice now while our selection is complete. 5 95 Trim-tred Style Stride High Heel Tan Leather trim wiih White Nylon mesh Asked For Storm Areas ST.

LOUIS An estimated $127,800 will be needed for relief of families In sections of Texas, Oklahoma, and Arkansas that were struck by tornadoes last Friday and Saturday. The figure, officials said, is a "preliminary, tentative estimate." Red Cross' Midwest Headquarters here said yesterday 18 disaster workers have been sent to the counties where 18 persons killed and 54 injured in the 3-stat area. Some 70 homes were destroy ed and 230 damaged by the twist ers. WAR (Continued from Page 1) wounded or beaten back by Americans battling with sidearms, grenades, automatic weapons, bayonets some butts. The spokesman said two more Chinese companies trying to back up the assault were held at bay by a curtain of Allied artillery fire.

65 Dead Counted The Eighth Army brieiing officer reported later that 65 Chinese dead were counted, another 130 estimated killed and at least 120 estimated wounded. The Americans completed mopping up the battle area at 10 a. m. The briefing officer said an American battalion commander, lieutenant colonel, led platoon into the thick of the fight and was wounded but was saved by a Negro who stood over him in a trench. The battalion commander, describing the action at a first aid station, said the Negro killed Chinese "left and right" with Ills rifle.

He added that "he was the bravest man I ever saw." The officer was given the Silver Star late today by Maj. Gen. James Pry, 2nd Division commander. His name cannot be disclosed until relatives are notified of his wounds. Division officers were trying to learn the name of the Negro soldier.

It was not known whether he survived. American casualties were not disclosed. However, the briefing officer said several soldiers were wounded by a Chinese who came forward with his hands up, in a gesture of surrender, and then pulled the pin on a hand grenade. The Chinese was killed by the blast. Elsewhere on the batllefront Allied troops hurled back eight small probing thrusts.

These were reported northeast of Bunker Hill on the Western Front; north of Chorwon" and northeast of Kumhwa on the Central Front: and near Luke the Gook's Castle on the Eastern Front, In the air, Allied fighter-bombers ranged over Communist supply lines striking at targets of opportunity. The Eighth Army reported In its summary that Allied ground troops killed 1,180 Reds, wounded 960 and took 7 prisoners during the w.eek ended March 14. Big Pump Turbine Is Authorized NEW YORK Tonnes' see Valley Authority has authorized contracts (or construction of the largest electric motor and reversible pump turbine in the world for Installation at the Hiwassee Dam in Southwestern North Carolina. It is scheduled for completion in 1955. The reversible pump turbine will operate as a turbine In one direction nnd as a pump in the other.

The electric motor will serve as generator for the turbine operation and as a motor for the pump. When motor-driven, the unit will be able to pump 3,300,000.000 gallons of water a day. This is three times the quantity used each day by the city of New York. ATOMIC (Continued from Page 1) objective many minutes after the blast. George B.

Owen, of Phoenix, Arizona's civil defense director, said that in his opinion today's blast "proves that wind currents would have a definite effect on rescue problems." He said the cloud did not lift sufficiently for rescue work to be done immediately and was l.v) widespread for effective work in case of atomic disaster. Owen was present at last year's drop from a plane, detonated at 3,500 feet. A half-hour after the blast, the NEW MANILA, ARK. "Your Community Center" By Refrigeration Air Conditioned Matinees Sat. Sun.

Phone 58 TUESDAY 'BREAK DOWN' William Bishop Ann Gwynn WED-THURS Gene Kclley Pier Angeli atomic cloud began to with nature's clouds, all lighted by Ihe early morning Bun. With Its gray tail, the cloud stretched half the length of the 15-mila long flat. RITZ THEATRE Manila, Ark. TUESDAY "FLATTOP" In Color Richard Carlson Sterling Hayden WED-THURS "WINCHESTER 73" In Color James Stewart Shelley Winters MOX Show Starts Weekdays 7:00 Sat. Sun 1:00 Always A Double Feature TUES-WED Always A Double Feature Also Selected Shorts Your Favorite Crepe Crepe stages a triumphant return this season a sthe ideal fabric for that lean, slim look.

Smooth textured, infinitely drapeable, it is interpreted here in a smart, wearable design by Eisenberg. A suave dolman sleeved dress for those important occasions when you must look your most appealing. Yours exclusively in Blytheville at Wkitsilt's. It's Whitsitt's "Because You Like Smart Things".