The Courier News from Blytheville, Arkansas on January 9, 1953 · Page 10
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The Courier News from Blytheville, Arkansas · Page 10

Blytheville, Arkansas
Issue Date:
Friday, January 9, 1953
Page 10
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PAGE TEN BLYTHEVILLE (ARK.) COURIER NEWS TWDAY, JANUARY 9, 1MI Commodity Ami Stock Markets- N«w York Cotton Mar May July Oct , Mar . . May 3J38, 3348 3318 July 3385 338D 335C Oct 3385 3391 3311 Chicago Wheat Open High I-<ow Mch . .. 231',fc 231« 229% May . ..234% 235 'A 233'.4 Chicago Corn Open High Soybeans Open President Lays Big New Budget At Congress'Feet $76.6 Billion Asked By Truman; 'Fantastic' Yells Republicans (Continued from Page 1) exclusive of ntomlc energy outlays of $2,700.000,000. That compares with $4080,000,000. in the,current fiscal year and $39,727,000,000 In fiscal 1957. The president Indicated that atomic energy expenditures would soon result In more weapons, with'atomic plant expansion nbout ended. Altogether, the President said, national security programs would add up to $57,300.000,000-73 per Mch cent of the predicted outlay /or May the yenr. That included military cervices, International security and foreign relations, atomic energy, defense production and economic Jan .... 280'/ 2 stabilisation, civil defense and Mar. ... 231 merchant, marine activities. May ... 201 "This Is an. expensive program," Jul 2BQVi Truman said, "but . our national security depends on U...until the free world Is secure e gainst Ihe Communist menace," An additional 11 billions, or 14 per cent of the budget, would largely be chargeable to past wars. Cn ; This wns for Interest on the national debt and veterans* services and benefits.. All other government expenditures In fiscal 1054, Truman said, would come to $10,300,000,000, about thfl same as In the current fiscal year and $1,300,000,000 more than in fiscal 1552. Tills amounted to 13 p*r cent of Ihe total. Division Listed Tht.i was the division of military services spending: Air Force ' $17,410,000,000; Army $15,350.650,- OOO; Navy $11,804,000,000. .Truman said this was to bring the Air Force In fiscal 1954 up lo 13JI wings of Its 143-wlng goal, the Army to JO divisions, the Navy to 904 com- b&,tant vessels with an air arm of 38 carrier groups, and the Marines to three divisions with an nlr arm of three wings. In the face of expressed congressional hostility to Increasing foreign aid,outlays, Truman said mutual security and foreign relations costs in fiscal 1054 should Increase $1,826,000,000 from expen- ir« In Ihe current fiscal year $7,861,000,000, He asked thai appropriations for mutual security b* Increased by $1,100,000,000 to $7,600,000,000. However, over-Mi, the new budget called for eight billion dollars less in new appropriations than Trumjm asked a 1 year ago. It predicted a shrunken deficit this year, but a deficit of nearly 10 billion dollars In-fiscal 1954.. /And, the President said, if things go according to his estimates and .plans, the national debt by 1954's end will be but a billion dollars short of the legal limit of 275 billion dollars. Always Bundle nf Estimate* '; Budget messages, looking a year moiR than Open High Low 1:15 , 3290 3298 ' 3271 3274 . 3340 3348 3310 3324 . 3381 3392 3354 3350 . 3381 3307 3315 3301 Ntw Ork«fti Cotton Open High Low 1:15 ... 3200 3291 3268 3213 163% 16GM Low 162T1 164 U 3324 3358 3314 1:15 230 713 « 1:15 193 105 y, High Law : 2B9 3 4 28T/4. 26 201 280'/ 2 200 Vi 201'/j 289 1 /* 201 200=14 288 & 290 New York Stock* A T and T 100!! Amcr Tobacco CO Anaconda Copper 43?i Beth Steel bS 3 / dltu {o : J C Penney 69', Gen Electric 10V, Ocn. Motors 66', Montgomery Word 63} N Y Central :.. 247 Int Harvester 32^ Sou Pac 45} Republic Steel 41= Radio 28V Socony Vacuum 36 1 / Sludcbaker 39' Slnndnrd of N J -. 7G 3 , Texas Corp U 3 Steel Livestock NATIONAL STOCKYARDS, 1/H—(USDA)—Hogs 10,500; II! tradln slower thati usiml; mostly 25 t 50 lower than Thursday's average sows sharing full loss and som under 130 Ibs off more: bulk cholu 180-230 Ibs 18.75 - 19.35; Severn loads mostly uniform choice No 1 and 2 190-215 Ibs 19.40-50; 240-2" Ibs 11.75 - 18.BO; 280-300 Ibs 17.0 50; 150-170 Ibs 17.25-19.00: 120-14 Ibs 15.00-11.00; sows 40 Ibs (low 15.15-10.25? one load 16.50; hcav lor sows 13.75 - 15.25; boars 10.5C 13.50. Cattle 1,000, calves 600; steel and butcher yearlings meettn slow demand In dull cleanup trade cows also draggy but some Inlti: sales about steady mainly to shi| liers ancl small killer Interests utility and commercial 15.00-17.1 although some strong cullers 15.50. half Into the future, are ala bundle of estimates. And EISENHOWER (Continued from Page 1) If his advice was requested. II career In government goes ha and •ways Truman acknowledged nt the outset of his message today that circumstances made this one subject to even more 'ilinn usual revision. "The President-elect," Truman said, "will be entirely free to viro- pose changes." But for thts spending blueprint he shouldered the entire responsibility. Besides the estimate that federal expenditures would climb to $78,600,000,000 in the coming fiscal year, the highlights of the budget message were: 1. The deficit next June 30, at the end of tfils 1953 fiscal year will be about $5,900,000,000, instead of the previously estimated 10 billions. This reflects a slow down In rearmament spending. But by June 30, 1954, at Ihe end of fiscal 1354, Truman estimated, the deficit will be $9,900,000,000, reflecting peak defense buildup spending during the year. At the end of fiscal 1952, last June 30, the year's deficit was four billion dollar's. The President Urns predicted a deficit increase in ihe current fiscal year of nearly two billion dollars and another four billion dollar jump in the next fiscal year, 2. The public debt, which stood at 259 billion dollars at the end of fiscal 1952, will Increase to 2G4 billions by next June 30, and to 274 billions by June 30, 1954. The legal limit on the public debt of 215 billions can be changed by Congress if it wishes. 3. The government will" need 572,900,000,000 In new appropriations from Congress In fiscal 1954. This compares to $80,800,000,000 Truman requested last January. ' and to $92,90,000,000 requested the year before, in the fiscal 1952 bud• get message, 4. The government's Income (tax receipts except for trust funds) will be about the same this fiscal year and in fiscal 1954 — $68,697,000.000 In fiscal 1953 and $&8,665,000,000 In fiscal 1954. Revenue In both years would thus be approximately 6'/ a billions above receipts in fiscal 1952 . This budget does not take effect until July 1, and runs for Ihe 12 months after that. Law requires the President to submit his budget nearly six months In advance of Its effective start. y e; u rs . JULJ UUUL-IUUUgjQQi^'UL-JUUUI—J auuin DDDDI DDDD[ DDQDDDaD DODO Jbituaries Emma Rodger* ' >its in Tennessee Word has been received here of le death of Miss Emma Rodgers. 0, pioneer Craighead County eciu- ator who died at her home in Jackon, Term., yesterday afternoon aft- r a long Ulnees, She taught In Jonesboro schools nd at Arkansas State College for lore than 40 years. She Is R sister of one of the foun- lers of Arkansas State, B, T. Rod- ;ers, and of A. S, Rodgers of Osceo- a. Services will be tomorrow morn- ng at Jackson, and will be attendee by Bryant Stewart of Blytheville, a lephew of Miss Rodgers. and his wife and daughter, Polly. PARADE DOWN "HISTORIC MILE"—On Jan. 20, Dwight,Eisenhower will have his first ride down Pennsylvania 'Avenue as the newly-elected President of the "U. S. It U historic because every president since Jefferson has taken the traditional route after the Inaugural ceremony From his hotel. Gen. Eisenhower win ride to pick up President Truman at the White House and they will ride together to the stands before Iho Capitol building where Elsenhower will be inaugurated before noon. After the ceremony, Mr. Truman.will- drop out and President Eisenhower will lead the parade along the route shown on above Newsmap to the While House. U Is expected that Mr. Truman will — . • K° directly lo Union Station and board a train for Independence. Mn. Says Private Funds Used To Supplement Motley's Salary He described himself todny "a plain cUl'/en" niul snld he e peels lo remain onu. But he n dcd, when newsmen asked if would be xi vn liable ns an advis to Eisenhower, "I hnve tiKvn been available and I wouldn't- less so to an old nnd valu friend." Henry Luce, editor-in-chief of Time ie, preceded Baruch into Eisenhower's office. He parried questions as to whether he niitjj be offered a diplomatic post with the stateiAent, "I wouldn't discuss thnt." He declared, However, "I just came back from six weeks in the Far past, nnd I gave him' (Eisenhower) some of my impressions." ..By .LEON HATCH LITTLE ROCK (47— Qov. McMttlh aid today that the .salary of for- icr Revenue Commissioner Dean Uorley was supplemented from >rlvate funds for some 6!& months fter Morley took office early in 949. But Morley later, declaring that 'this is something 1 haven't even old the governor," said he had rc- urnet! the difference to the original iotitrlbutor. 7 McMath Issued a formal statement elaborating somewhat on an ntervlew yesterday in which he said that salaries of some indlvld- lals had been supplemented from two of his campaign funds. The governor today referred to the supplements ns coming from prl vnlc funds in contrast to yesterday's classification of "campaign" unds. Ho recalled thnl when he induced Morley lo give up his Job us FBJ[ agent in charge of the Little Rock office to become slate revenue commissioner, Morley was making $8,450 a year nntl had built up ' -! years towards his retirement from the federal service, 'llie revenue commissioners' Job then paid $5,000 a year. McMnth said that In order to obtain Morlcy's services he and his associates agreed to underwrite his salary up to mi amount equlvalen to Morlcy's FBI salary. At McMnth's request, the 194 f Legislature Increased the rcyenu commissioner^ salary to $7,500* i year find""McMnth said that afte this became ' effective on July 1 19-19, Morley advised that he di< not "desire further assistance." Morley, who left the McMat! administration nearly two year ago and now is private law pracUc in Little Rack, said thnt h actually hnd received the differ ence that McMnth mentioned. "Hut," he said, "I decided tha .he practice In my case was I advised nnd [ returned the enllr FOREIGN AID (Continued from Pnge 1) accomplishments In other areas of President gave this accounting of the world: Middle East—The U. S. Is providing Point Four technical assistance—such things as Increns'nj food production nnd mAlcrnizin^ sanitation—In most Middle Eastern economic aid to lsra<^ and certain Arab states and helping the rclicl of Arab refugees from Palestine. Indochina—U.^S. aid in the form of weapons and military equipment has been "a crucial factor" In strengthening French and native forces "in their fight against a powerful, Communist-led revbH.", Western Pacific—Tne security of Formosa "has been markedly Increased" and Communist-led uprisings in The Philippines have been cut "to small proportions through the energetic effort of the Philippines government, aided by U. S, military equipment." Asia—American economic aid to India and other Asian nations "is helping them to continue the prog- less they have already made toward alleviating famine and disease xxx" Latin America—The U. 3. has helped finance economic develop* meril mainly through Export-Import Bank loans. contribution to original co ibulor." Morley declined to say who paid Im the difference, but did say it as one Individual whom he Identl- ed only a3 "a friend of the gover- McMath in his statement said lal he bad told of salaries ofi omc individuals being supplemented "in order to' emphasi/.e : need for reviving a salary scale f state employes If we are to get nd keep competent overnmental service." people in He said that no"present depart- nent head and none of his past r present aides had received a upplemcnt to their" salaries. He explained that by aides he neanl his executive secretary, his id mini sir at ive assistant or any I her- person on the governor's personal staff. McMnlh said 'that the Morley case wns" one of two "principal examples" to which he was refer- •iny;. He said the 'other was that of John H. Berry of. Ft, Smith, a member of the state Mine Inspector's stuff. Tie said thnt from approximately. the middle of 194Q until the 1Q51 Legislature met, Berry's salary was supplemented because Ihe appropriation for the Job was in- sufCEcien to secure a qualified man. McMnth said "there are a number of other Individuals in key positions whose services we have lost because of inadequate salaries. The governor snid yesterday, however, that no money from the 1952 campaign fund was used to supple- imyU salaries. McMath said "I'm still...5th grnl pvs IrG. Blytheville Insurance Man Named Top Agent H. L. Halsell, Blytheville repre sentative for Aetna Life Insuranc Company, has been named leading representative of that com pany In Arkansas 'and Sou the a Missouri for the month of Decem ber. In an announcement toiiay, Camp ami Vineyard, Aetna gcner agents In Arkansas and Southea Missouri, said, "It is very unusu for a man to attain such an ac complishment so early In his life in sura nee career."' Mr. Hnlsell, who became associated with Aetna last June, was selected from among 50 agents In this territory. Church In Emporia, Kans. Guest speaker at the church here Sunday will be the Rev. W. C. Krueger, chaplain at ,Kennedy Hospital in Memphis. His subject will "Christians' Watchword." be MILITARY (Continued from Page 1> pi-cscnt strength of about 100 and 133 wings a year later. The 143 level would be reached some time In 1955. Pentagon officials said the nlr croft strength of the armed force; ay next summer will be aljou 37,500. The Air Force will havi 21,000, the Navy and Marines 13, 500 and the Army 3.000. Of the 38,300 planes on order o: delivered up to now the Air Forci has 23,000, the' Navy nnd Marine. 11,300 and the Army -1,000. Assistant secretary of Defens Wilfred J. McNeil, the depart incut's comptroller, said the ne\ budget Includes about 215 mlllio dollars for a third, 60,000-ton supei carrier. The Navy wants to bull nt least 12 such carriers, a pro Ject looked upon with disfavor b the Air Force. Should Decline The $46,300,000,000 spending bud get figure used by the P res id en consisted of $45.400,000.000 for th armed forces,, with most of th remainder going to build up stoc piles of critical war materials. Truman said .the rate of mil tary spending should begin lo d clino sometime following the 19! fiscal year niul might, "on th basts of present rough estimates subsequently levef offin the neig] borhood of 35 to 40 billion dolla annually. He predicted this on ability maintain the armed force nt i TOO TEASING FOR "TISA"-While * U. S Senate committee (•= Investigating the literary nnd artistic merits of many nf Ihe roanv Docket-sized books on the market, British r-ensors hnve begun to (Track down on the low-priced publications. The picture ot authoress Helga Moray, above, which appears on the Amer'nn edition of her book, "Tisa," will not appear on the Jacket o ihe British edition. The censors considered the book torrid enough without "the kind ot cover found on American pocket-sized boons. , llytheville Boy Heads Bounty FFA Federation Franklin Pierce of Blytheville has been elected president, of the Mls- •issippi County Future Farmers of America Federation. The federation met this wecte with present manpower strength of 3,300.000, with an Air Force eventually reaching the L43-wIng size and Navy continued at a strength of about 1,200 ships of all types. At his own session with newsmen, the President insisted there was no way money for the Korean War could be singled out of the general military budget. He told reporters he couldn't give them exact figures on the Korean War and didn't think they could get them from the Pentagon. In his budget message anc summary, the President indlcntec he foresaw no Immediate end to the war. he KeLser chapter as host. Other officers elected included Joe Mustek, Shawnee. vice president; T, J, McAfee, Wilson, sec're tars'| Bengy Higgins, Burdette treasurer; J. R. Shaw, Luxora reporter, Laudis Stracener, Keiser, sentinel, and E. D. Beall, Wilson, advisor. Ten chapters sent a totaK of 141 representatives to the meeting. ^. Even if other medicines have , failed to relieve vour COLD MISERIES YOU OWt IT TO YOURSHF TO TRY 666-IT'S DIFFERENT 666 UQUIO-TABltTS Per. Miessler to Visit Church He Founded The Rev. O. Mtessler, pastor of •the First Lutheran Church here, will nUcnci the 30th anniversary this Sunday of the congregation he founded at the Messiah Lutheran TRUMAN -. ...L..J [run i : ago 1) appropriation would bo used for tclephonei. The President asked Ihut Oon- RTC.SS duplicate this year's sum of (883.653,000 to help finance the federal-state school lunch program. Greatest January Clearance Now in Progress at Kelley's Your Friendly Shoe Store Converting to Natural Gas? Then visit your Catalog Sales Office Thurs./ Frl Sat., Jan. 8-9-10 See how you can... SAVE UP TO 10 PERCENT on complete -HEATING SYSTEMS PLUMBING SYSTEMS • FREE Estimating Service • FREE Engineering Service • Installation Arranged Pay UM S«ara Catalog Way! 217 Main St., Blytheville, Ark. JANUARY SALE CONTINUES Prices Drastically Reduced in a Storewide Sale that Features Scores of Nationally Advertised Items of Apparel i Shop Now and Save On SUITS PANTS ROBES SPORTSWEAR TOPCOATS SHIRTS HOSIERY GLOVES and Many Other Items

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