The Courier News from Blytheville, Arkansas on September 7, 1949 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Wednesday, September 7, 1949
Page 3
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WEDNESDAY, SEPTEJIBER T, 194» BLYTHEVTLLE (ARK.)' COURIER NEW» THf NAT/ON TODAY—. Railroad Set For Friday's Large Strike ST. LOUIS, Sept. t. (AP)-A .spokesman for the Missouri Pacific ^said today Die railroad now is ac- WASHINGTON, Sept. 7. W)—Talks begin here today on the British Jcepting no freight, that cannot be U.S. and Canada Seeking Ways To Help Britain Ease Dollar Crisis and Buy Needed Goods By James Marlow dollar crisis. Taking part are some top officials of the United States. Canada and Britain. What is the crisis? The British are running out of American dollars which they badly need for buying American goods. But—the British are not here looking for another loan. The talks aim at this: To work4^ out come way by which Britain won't nave to use up so fast the dollars it has. No one expects a miracle solution. At this moment the problem is to find ,\ stop-sap way of getting Britain out of Its Jam. How did it get into the jam? There is no single answer. There are a number of answer. 1 ;. Here are some: Remember that the US. and _..nada do business with dollars. Britain's money is the pound. When Americans and Canadians sell to the British, they want to be paid in dol- lurs. War Largely to Blame So, having dollars is part of Britain's life blood since ?he needs to buy more from (he U.S. and Canada than they have to buy from her. Britain was short of dollars after the war, since it used up so many of them buying war supplies from us. The U.S. and Canada gave Britain loans. The U.S. even helped out with the Marshall plan But now Britain is running short of dollars again. Why? For one thing. Britain hasn't been selling enough goods to the dollar nations to get dollars with which to buy from them In turn. Before the war. Britain has several prime ways of gathering in dollars. For instance: 1, It had a lot of holdings in the dollar countries, giving Britain big and steady income in dollars During the war, to scrape up dollars to buy huge supplies, Britain sold ninny of its American holdings Britons figure now that—if they hadn't had to sell those holdings— they'd be getting from them an Income of around W.OOO.OOO.COO a year. So, that's two billions Britain could use now but doesn't- have. , & J. It picked up a lot of revenue *from its shipping. But much of that was shot to piecea In the war. So— another dollar source weakened. F«/T Many Handicap* I. Britain has not been self-sufficient. It has had to import to live. It ran the Imported goods through its factories and then sold the manufactured items abroad at a profit to buy other things it needed. This gave the British dollars too. But a lot of Britain's factories were destroyed during the war, although now Britain's production is much abovg pre-war days. Yet—and this is important—British manufacturing methods are not so good as ours. Much of its machinery is out of date and it costs more to make a ot of items than it does in this country. That's a stumbling block to selling British goods here. The U.S.-Canadian and British radc is out of balance. As noted. Britain needs to buy for more from than we need from her. This buying from as—more buying than selling uses up Britain's dollars. But something else has been using up Britain's dollar supply, also. Britain Is linked with a lot of other countries in what Is called the "sterling bloc." Trade Arrangement Backfires Those bio: countries. Including Britain, use the pound as their money in trading with one another. But, when they want to buy from the U.S.. they need dollars. Where they been petting the dollars? A big chunk of them from Britain. Why from Britain, if Britain Is short or dollars herjelf? During the war Britain needed dollars .so bacllv it would trade with its partners in the sterling bloc. Instead of paying them off ir dollar. 1 : for the things it bought from them, it gave them credit foi dollars to be drawn on later. So now when one of them want, 1 ) to buy from America, it tells Britain to shell out dollars. By the end of 1946 Britain had about S2 1'2 billion in dollar reserves. Slowly, by having to bu; from us more than it sold us, plus the drain on its dollar supply b; the sterling bloc, Britain's dollar supply went down. Now its supply is around $1.600.000.000. The British figure they need » minimum of »2,000,000,000 to be on safe ground. Unless some solution is worked ant at these Washington talks, Britain's dollars will dwindle some more. lelivered at 2 p.m. <CDT) Friday, he time set for a strike. That's the effect of a freight embargo Imposed by the railroad last nidnight. "Most freight in transit now and rtiich can reach its destination with he next. 48 hours will be accepted,' he railroad spokesman explained. But we're not goiug to get caught vith loaded ears on the sidings." Operating employes of four b iHThoods called the strike In pro- est over some 282 unsettled claims nvolving an estimated $3.000.000. I'he walkout would tie up the rnil- •o:id's operations and idle about 30,- XX) workers. In announcing the freight embargo last night the railroad said sim- lar restrictions will be placed on ;:igcr .mail, baggage and ex- >ress services at midnight Thursday. No new developments were reported in the strike situation today. Bu in Washington last night the national mediation board said "the door is still open for a settlement." A special arbitration board to handle the grievances has been proposed Numerous industries in the 11- .state area served by Missouri Pacific would be seriously affected by the proposed strike. WILSON NEWS By Mrs. B. F. Boyles Head! Firetlfhltri Association R. E. Lee Wilson 111 of Wilson was elected' president of the Northeast Arkansas Fire Association at [he meeting of the association which was held in Jonesboro last week. Among the attendants from Mississippi county 'Were Bcntley Rhodes and Bruce Wilson ol Wilson and Chief of Firemen Roy Head of Blytheville. Faculty Entertained Tile Wilson High School faculty tid their husbands or wives, were the dinner guests nf Mr. and Mrs. Phillip J. Deer and Mrs. Flora 1'uck- ett at the school cafeteria Thursday. Tiie new members introduced and welcomed by Mr. Deer, the superintendent, were: Miss Ruth Hyde of Leexahomn, Miss,, MLss Elizabeth Cliafin of Memphis, Miss Mary Mor- edona, Miss., Bruce Ftl«eU of Bradford, Ark., Calvin Higgs of. Memphis and Royal Small of Cardwell, Mo. The new members on the Whitten faculty are Misses Ruth and Edith Hines of Saulsbury, Tenn. Locals Billy Hidalge of Ecuador, South America, who has been attending the Baylor School for Boys at Chattanooga, Is the guest of John Ellis. Bob Aimindson lias returned home afler spending the summer with his sister. Mrs. Frank Cole, and family in Rapid City. S. Dakota. Mrs. Maurice Lynch, Mrs. A. E. Clark, Mrs. c. E. Lynch and Mrs. Charles Lcftwich attended the School of Instructions, of the Parent-Teachers Association, which was held in Luxora. Friday. Mrs. S. C. Brandon, Jr., and , .. c, _, , mi.,. .j. \s. niHiillu^, Jl., »mi gan of Jomjboro, Mrs SO. E e ge,t daughter . Ol . ace A , we ' re | n ' Mm . of Cooler, Mo,, GarnelL Adar of Cal- ' PAGE THREH Phis, Thursday. Nannette Patchell of Clarendon U the ipifsl of Grace Ann Brandon this week. Misses Mary Ann and Nancy Grain entertained with a bunking party at their home Friday night. Tlie party climaxed win a picnic lunch, Saurday morning at the Blue Hole, sixteen girls attendetd. Among the Wilson football tans who attended the Chicago Bears vs. Washington Redskins game In Memphis Sunday were, Mr. and Mrs. Dewey Stotts, Mr and Mrs. Frank McDonald, Mr. and Mrs. Garland Trammel, Mr. and Mrs. Jack Trammel!, Mrs. T. J. McAfee, Mr. and Mrs. George Brewer, Mr. and Mrs. E. D. Beall, Mr. and Mrs. Charles Beall, Charles Kelley, Mr. and Mrs. A. L. Greenwell, Mr. and Mrs. S. A. Regenold. Mrs, Nat Graves, J. V. Robertson, Olnny McAfee, Lester Hale, Jr., Patricia Campbell, Claudia Campbell, Le*vell McAfee. Harold Ray, John Ellis, Peggy Brinkley. Bobby Jones, Phillip McRae, Roy Stobough, P.ilsy Greenwell. Edwin Webb. Eugene Nixon. Virginia Ellen Bird, John EllLs Elslander and Eugene Wood- Livestock NATIONAL STOCKYARDS, 111., Sept, 1. <*•>— (USDA)— Hogi 1,500; market active; ISO Ita up mostly 60 higher than average Tuesday; many sales IS over late yesterday; lighter weights and sows 25 to 50 higher; bulk good and choice 200-250 Ibs 22.00-25; top 22.25 but more at 22.00; odd lots 260-300 Ibs 20.60-22.00; around 340 Ibs 20.00; 180-190 Ibs 21.00-15; 140-110 Ibs 11.15-20.00; few 20.25; 100-130 Ib pigs 14.75-17,50; few to 18,00; good sows 400 Ibs down 11.15-19.25; heavier weights 1425- It25; stags 11.00-14.00. Cattle 4,500; calves 1,500; ojien- ing trade active and strong on good and choice steers with top 29.00 on light and medium weight steers about average choice; other good to low choice steers 25.00-28.60; lit- fn» Movitt for Pilot* K>KT SMITH, Ark., Sept. 7. (AP) —A Fort Smith, Ark., driw-la theater owner tat announced that all customer* irrlvinj rU helicopter will be admitted free-tor the next two weeks. The owner, O. D. Burton, nld the only stipulation to the offer if that 'roptere won't be allowed to horer over the projection booth or In front of the tureen. How much of a problem heUeop- ters will provide for the 'Iota In the back row" hasnt been determined, Burton said. yard. Mr. and Mrs. Tom Cook of Brinkley visited their daughter, Mrs. Bu- foid Boyles, Jr., and Mr. Boyles, Saturday. Mr. and Mrs. Roy Brinkley, Jr., and baby of Jackson, Miss., spent the week-end with her parents, Mr. and Mrs. Roy Brinkley, and family. tic done on common and medium .steers and western griuen; helfen and mixed yearlings steady: toot kinds 24.50-26.50; very few choice available: common and medium 16.00-23.00; cows opening (toady few good cows 1S.50; common and medium beef cows 13.15-15.00; canners and cutters 10.50-13.50; bulls steady; medium and good 180018.00: cutter and common 11.5015.50; vealers 1.00 higher; good and choice 25.00-31.00; common and ma- dlum 17.00-24.00; heavy aUughter Marriage Licenses The following couples obtained marriage licenses sit the office of Miss Elizabeth Blythe, county clerk: O. E. Hodge and Mrs. Fannie Inez Doran, both of Blytheville. Ronald A. Raymond mid Miss Thersa May Chester, both ol Chicago, III. Osborn Bowers of Manila and Mrs. Gladys Baker of Blytheville. Raymond Lawrence of Leachville Governor Talks On Meetina of Conway Politcos MEMPHIS, Sept. 7—(/Pi—Go v. Sid McMath says at meeting of anti-McMath factions in Conway tomorrow was called by -a "bunch of soreheads with private axes to grind." In a statement to the Commercial Appeal's Little Rock bureau, the Governor said the people behind the rally "want a governor to represent n special few and not all the people." The Governor said the Saline County grand jury's investigation of the girls school and recent adverse court decisions against legislation passed by the 1949 General Assembly were all part of * plan to undermine his administration. It was McMath's first public statement on the Conway rally, called by Harry Lee Williams, a campaign manager for Jack Holt in his unsuccessful race against the Governor last summer. The alligator has eyelid. a transparent and Miss Geraldlne Carter of Manila. Henry Ruuls and Miss Winnona Patterson, both of Leachville. 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