The Courier News from Blytheville, Arkansas on April 4, 1959 · Page 10
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The Courier News from Blytheville, Arkansas · Page 10

Blytheville, Arkansas
Issue Date:
Saturday, April 4, 1959
Page 10
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Page 10 article text (OCR)

BLTTHETILLE (ARK.y OOURIEB KIWI '—V SATURDAY, APRIL 4,195» • This Week in Business ond Finonce Spring Buying Surge Gives Economic Push By WALTER BREEDE JR. NEW YORK (AP) — Paced by a spring upsurge in consumer buying, the economy rocketed toward new highs this week. Gains over the recession period of early 1958 were impressive: Steel and auto production up more* than 100 per cent, freight up 15 per cent; electric power production up • per cent, freight carloadings up 13 per cent, department store sales up 16 per cent, the stock market rising lustily agairi and Easter retail trade at a record high. All signs indicated that the second quarter, just begun, would leave the record-breaking first three months of 1959 in the dust. Prospects for the July-September quarter Booked less rosy. Industry observers said the boom In *teel—inspired largely by fear of a itrike—would run out of steam in June. But businessmen counted on the consumer to keep the economy in high gear. At the moment, the consumer's •bility to keep things humming looked mighty good. Fowler B. McConnell, chairman of Sears, Roebuck & Co., and Charies H. Kellstadt, president, took stock of the consumer and his state of mind in their annual report to Sears' shareholders this week. Their prediction: a con- will push Sears' business to a new tinued rise in consumer spending will push Scars' business to a ne high this year. What's more, said the two top officials of the nation's 'largest non-food retailing organization, consumers are shaking off recession fears and are no longer afraid to buy "hard goods" on credit. Hard goods are things like boats, automobiles', power lawn-mowers, pianos, hi-fi consoles, kitchen cabinets, TV sets, dish washing machines and home freezers. Equally hopeful this week were the motor moguls of Detroit. Production of U. S.-built passenger cars for the first quarter zoomed to 1,591,353 compared to only 1,238.697 a year ago. Retail sales reported big production gains, reported bi gproduclion gains. Sales on the stock market this week totaled 15,642,380 shares. This compared with 12,876,510 shares last week and 8,633,467 in the same week a year ago. Bond sales hit a par value of ?31,951.000 in the latest week against $22.841,600 in the week before and $18,656,000 in the corresponding 1958 week. Looking at the economy as a whole, the First National City Bank of New York came out with & cautiously optimistic forecast. "With steel mills heavily sold ahead," said the bank, "industrial output should reach new high ground in the second quarter. The high level of purchasing power, resulting from record personal income and relatively stable consumer prices, is reflected in excellent Easter business. The growing confidence of businessmen and the improving profits picture in recent months show in plans for modest increases in plant and equipment outlays during 1959." a plane. Briefly over the business scene: Shoe manufahlurers exhibiting their fall lines at the Boston market are charging $1.50 to $3 a pair more for work shoes and 50 cents to $1.00 more for general lines . . Steel mills set a new production high this week—2,653,000 tons. .. People are saving less money than a year ago, the National Assn. of Mutual Savings Banks reports. .. American Motors Corp. and Sonolone Corp. are working on a dream car that will run on electric power. The electricity will come from a nickel-cadmium battery of the type used in rocket missiles. .. Price cuts were announced by the nation's two largest producers of metal cans — American Can Co. and Continental Can Co. .. Directors of International Business Machines Corp. voted to split the company's capital stock. This will be IBM's seventh split.,If you had bought 153 shares before 1925 and just held on, you'd have 10,480 shares today with a market value of more than 5V« million dollars. .. Automation has run full cycle in a four million- dollar unit of the Texas Co.'s Port Arthur, Tex., oil refining plant. The whole operation is automati- )bituary YEARBOOK QUEEN — Eula Home, Harrison High School junior, has been selected Har,ri- son Yearbook Queen for 1959-60. She is a member of National Honor Society, choir, Future Teachers of America and Student Council and recently placed second in an oratorical contest sponsored by the Tuskegee Alumni Club. (Courier News Photo) Mrs. Foster's Rites Today Services for Mrs. Lucille Foster, mother of Mrs. Alex Shelby of Jlylheville, will he conducted at p.m. today at National Funeral Home in Memphis. Mrs. Foster, widow of W. H. 'osier of Memphis, died Thursday ight at her home. She was 73. A native of Memphis, Mrs. Fos er was a life-long member of First Methodist Church there. She leaves two other daughters, drs, Ben H. Carr, Jr., and Miss Martha Foster of Memphis; two mlf-brothers, James F. Duncan, Memphis, and B. F. Duncan. Rochester, N. \., and one grand daughter. Bowling Results Carol Fondren flipped a 18f for Hart's Bread and Eveljn Hooc hurled a 185 for Central Mclal in Friday Nile Keglers league a Delta Lanes. Spinning for high individual se ries, Lounell Jones emerged will a -191 for Taystee Bread and Jeai Gardner came in with a 479 fo Nu-Wa Laundry & Cleaners. Central Metal manufactured a 9-iO team game and 2403 team se ries. STANDINGS W Tayslee Bread 85 Berry's Toggery McCoughey's Jewelry 74% . 69'i Green Bros. Dairy 67% Hampton's Gulf S4Vi Nu-Wa Laundry 61 Hart's Bread 56 Central Metal 4H4 Jiedel's 37V4 Skylarks 20 L 32 41!' 45% J. A. Whitaker Services Today Services for James A'. Whitaker, 47, who died at his home in Osce ola last night, wilt be held at 2:30 p.m. today at Swift Funeral Hom chapel. The Rev. Harry Jacobs will ofticale. Mr. Whitaker was born in Lux ora and had lived in Osceola mos of his life. He was a service sta tion operator. Survivors include his wife; hi: father, J. H. Whilaker, Luxora four brothers, Ira Whilaker, Card well; R. J. Whitaker, Luxora; B. Whitaker, Blytheville, and Jew ell Whitaker, St. Louis, and Iw sisters, Mrs. Cora Sharp, Armo rel, and Mrs. Lena Rose, Pasca goula, Miss. Pallbearers will be Fred Lynn Les Johnson, Paul Morgan, Ernes Boothe, Raymond Rine and Ev ing Thomas. Burial will be in Calhoun Cemetery, with Swift Funeral Home charge. PRESIDENT (Continued from Pag* 1) understand that the mere handing over of a single city could not possibly satisfy the Communists, even though they would particularly like to eliminate what has been called the 'free world's show ease behind the Iron Curtain," he dded. "Indeed, even if we should ac- uiesce in the.unthinkable sacri- ce of two million free Germans, uch a confession of weakness 'ould dismay our friends and em- olden the Communists to step up heir campaign of domination. "The course of appeasement is ot only dishonorable, it is the most dangerous one we coulc lursue." Lesson ot Munich Alluding then to the 1938 agree ment from which Hitler went on o conquest, the President said: "The world paid a high price or the lesson of Munich—but it earned it well. By the same token, Eisenhower aid, the cost of defending free- lom around the world today is ligh. But he termed it "a proper :harge ot the national security o he United States," adding tha nutual security — foreign aid — and American security are syn mymous. . Eisenhower - said that while veakness on the part of the Al ies is dangerous, "this does no nean that firmness is mere rigid ty, nothing but arrogant stub jornness." Don't Wan( War It was at that point he assertei the United States and its friend don't want war and that they pre- r er the conference table to th battlefield. Tensions are treated, said E senhower, primarily by 'govern menls and individuals "that ruthless in seeking greater an more extensive power." "Berlin is a tension point be cause the Kremlin hopes to elim inate, it as a part of the free world," he said. He referred to Communis leaders. "Naturally they always pick th most awkward situation, the hard to-defend position, as the place t test our strength and resolution, he said. "There will never be a easy place for us to make a stanc but there is a best one. "The best one is where principl points. Deep in that principle the truth that we cannot affor the loss of any free nation, fo wherever freedom is destroys anj'where, we are, by lhat muc! ourselves weakened. Every ga: PEMISCOT SPELLERS — Pemiscot County crowned Carol Cooper of Cooler as its, spelling champion yesterday. Runnersup were Wayne Odom of Bragg City and Ann Neal o£ Wardell. Marc- us Lauk, president of Caruthersville's Chamber of Commerce, made the awards. (Photo by Yeager) Cool Jazz Mass Slated \ NORWALK, Conn. lift-Can cool jazz prove that Christianity is not old-fashioned? An Episcopal rector here thinks so. His congregation will hear the "Jazz Mass" Sunday. The Rev. Anthony P. Treasure, rector of St. Paul's Episcopal church, explained that it was written a few years ago by a British rector for his,congregation. H is rarely heard, in American churches. The Rev. Mr. Treasure said he wants to present it once, primarily foi the younger members of his congregation. Asked to describe the mass, he said it is "what you might call cool jazz." Killed in Crash NORTH LITTLE ROCK Iff! - A Conway resident was killed last night in the head-on collision of two automobiles about six miles north of here on U. S. Highway 65. Three other persons were injured. Dead is George Fletcher Oliver, 75. of communism makes further defense against it harder and our security more uncertain." Paragould Shoe Plant Expands PARAGOULD, Ark. l/R—The Ed White Jr. Shoe Co. plans an expansion of its plant here that will cost a half million dollars and will create 300 to 500 new jobs. Ed White Jr., president of the 'irm, announced the plans yesterday. He did not say when the expansion would begin or how much he payroll would be increased. The firm now employes 500 persons and has an annual payroll of I'/i million dollars. White said a line of hoys shoes will be added to the womens and girls shoes manufactured now. Don't Cut — Shoot! LITTLE ROCK ffi—The attorney general's office said yesterday it's against the law to sell, or even trade, brass knucks, Bowie knives, *gers or canes which can be converted to swords or spears. But it's okay to sell pistols, Mayor G. D. Harris of McCrory was told. Drowns in Tub FORT SMITH, Ark, Hi — Cindy Pearl Eisen, 11-month-old daughter of Mr. and Mrs. Leon Eisen Jr., drowned in a ba'thtub at the couple's home here yesterday. Negro Deaths L EG AL NOTICE Pursuant to the provisions of Probate Code Section 152 notice is hereby given that the account of the administration listed below has been filed on the date shown and by the personal representative shown. All interested persons are called on to file objections to such account on or before the sixtieth day following the filing of the account, failing .vhich they will be forever barred from excepting to the account. No. 2,515. Estate of Elma Johnson Moore; deceased. First and final report of Essie Estella Jenkins Services for Estella Jenkins, 66, who died last Sunday, will be held at 2 p.m. tomorrow at First Baptist Church on Cleveland Street. Rev. T. J. Gree.. will officiate. Survivors include one sister, Janie Russell,- Chicago. Burial will be in Mt. Zion Cemetery. Grumpier Funeral Home i! in charge. Johnson Scruggs filed April 3, 1959. Witness my hand and seal as such clerk this the 3 day of April, 1959 SEAL ELIZABETH BLYTHE PARKER, County & Probate Clerk. By JEAN S. SIMMONS, DC 4/4 "Quality Service Courteously Rendered' — Fine Automobiles — McWarers Motor Co Broadivay-Walnul Ph 3-1S5 51V4 55 60 5814 "i«'A 80 Rocket Cone Found in Gulf BROWNSVILLE, Tex. W—The Coast Guard says one of its cutters recovered what appears to be the nose cone of a rocket from the Gulf of Mexico near Port Isabel, Tex., Thursday night. The Coast Guard said it sent the cutter to pick up the yellow object after it had been spoted by cally controlled by a Thompson Ramo Wooldrige Corp. computer. . . . Chrysler Corp., hounded by strikes against its major glass supplier, has decided to manufacture its own windshields... There's just about nothing you can't do with a Diners Club credit card. Pretty soon you'll be able to charge almost anything in the apparel line—from a necktie to a tuxedo. Base Chaplain At Mission Chaplain Paul Robins will be the speaker at 2:15 tomorrow at Mississippi County Union Mission. The regular Sunday afternoon services begin at 2:15. headquarters for famous "I'm Coin' to Dick Moore Mobile Homes" They will trade for ANYTHING Including equity In bouses for one of their beautiful, modern Mobile home*. Come to Our Lot and Ask About Our Z Specials!!! 237S LAMAR, MEMPHIS TIIONE FA 7-3585 nnotincinej... PROFESSIONAL RUG CLEANING Amtria'i fiteritt We Buy Clean. Late Model USED CARS Phillips Motor Co. We'U fit your child safely and surely in fine quality Buster Browns with our exacting 6-point fitting plan Complete Selection of Easter Shoes SH O EE S 111 W. Main Want to Cut Delivery Costs? Hugh Caffey and C&W Cleaners Did It.. j—Monday - Tuesday - Wednesday" Spring Special CASH SALE Pants Picked Up & Delivered 3 for $1.00 Cash and Carry 3 lor 90* 5Tou can now get rour rugs an furniture professionally, clcanc moth-proofed and repaired. N'obe: Blankenshtp operator and manage or Superior Rug Cleaning Co. com plelcd tratntng in a Memphis school and has secured the most modern equipment (o perform your clean- Inc job In your home. All work Is Guaranteed. Superior Rug Cleaning Co. MS N. Highway «1 Fhon« PO 2-2350 »r 3-73J7 Hugh Caffty, left, owner o! C&W Cleaner*, lakes delivery ot the first International Meiro- Mlte from Walter Marble, manager of Delta Implements, Inc., as driver Harvey Ashmore looks on. ... with the new International Metro-Mite America's Biggest Little Delivery Truck.' It's big inside .. . carries bulky general merchandise of every shape and description. A man-sized Metro-Mite interior height lets the driver walk into the cab, work through the load area and out the rear doors. It's little outside ... only 13 feet of parking space needed ... has a turning radius of only 17 feet. And it's economy on wheels ... the 4-cylinder engine keeps on the go all day long . . . beats any American-made truck for top gas mileage and low upkeep. The big news! You can get more money-saving details by calling i COUPON 1 Shirt or 2 Sheets Laundered FREE With this coupon each $2 order of cleaning, and/or laundry. Coupon good at C&W through Saturday, April 11. ICASH SALE 6 Shirts Laundered FREE If we fail to replace missing or broken buttons on your shirts we'll launder 6 Shirts Absolutely FREE! SAVE 20% on All Other Dry Cleaning Cash & Carry DELTA IMPLEMENTS, INC. "Service Keeps Our Trade" Highway 61 S. Phone 3-6863 "Appearance At Its Best" FREE PARKING AT ALL TIMES 300 S. Division Ph. 3-4343 Raymond Ross now has the Raymond Ross Gulf Service Main & Division ph. PO 3-7761 Mechonie en Duty at AH Timei

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