The Courier News from Blytheville, Arkansas on April 13, 1950 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Thursday, April 13, 1950
Page 5
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fHTJRST) AY, 'APRIL 18, 1950 BLYTHEVTLLE (ARK.) COURIKR NT5WS FtVB U.S. Production Gains Cheer Economists Buying Also Increases in First Quarter By Sterling F. G«« WASHINGTON, April 13. <fl iral gains in production and hg power, reported to Congress for the first quarter of 1950, cheered the economic chart-watchers today. Yet jobs remained a big 'question mark. In the view of the President's Council of Economic Advisers, economic expansion has not hit a rate which will keep ahead of creeping unemployment. The council sent to Congress yesterday Its monthly report, "economic Indicators," covering the first .three months of what the council had predicted would be "good year." The forecast has been borne out thus far. National income climbed after falling throughout 1949. In- •he encouraging side: 1 Profits — corporation earnings reached an annual rate of $30,500,000,000, or about a • billion . better than In the best rjuarwr'of 1»4». Stocks — stock exchange prices were found to be "higher than at any time, since the 1946 peak." . Industrial output—'trie federal reserve index went to 184; In March, even though the coal strike lasted through the first 12 days. This wiped out February's drop to 180 and Just topped January's 183. Construction—the value of new building In March was put at'$150000.000, considerably better than a year ago. - ' Housing—new starts topped all records In January and February, with 80,000 new homes started in each month. March, it was Indicated, continued the record pace. On the other side 'of the picture was farm income. In February it was down 10 per cent from a year ago. Prices received by farmers were up slightly in February and March, however, from the levels of dustrlal production surged bask, after the coal strike, to exceed January's level. Home building set record: Per capita personal income, after allowing for taxes, was at a rate which exceeded even the average of booming 1D48. It was estimated at $1.323 for every man. woman and child. ' Consumer Prices Drop And consumers' prices, for the average city family, were down about l 1 ^ per cent from a year ago. The nation's output of all goods and services was measured at an annual rate of $253.000,000.000 for the quarter. This was below the rate of a year ago but the movement was upward, not down. The council's acting chairman, Keyserllng, told a reporter the council has. no reason to revise Its January prediction of good level of prosperity which cnn last through the year. He added this long-range qualification: M \Ve are not getting the expansion in industry and Investment that we need to absorb the steady increase In the labor force. That Is a serious problem." Report Almost Bare f • Tl\e report sent to the joint economic committee of Congress is an array of tables, almost hare of comment. Yet the council obviously took little comfort'in last month's drop of 551,000 in the ranks of Job- seekers. It ascribed the improvement to the. normal, "seasonal pickup In farming and Industry. ' At the level of 4,321.000 jobless unemployment now stands higher than at any time last year. Federa' economists do not regard the figure itself as alarming in view'of th( upward trend of business. As Key serling indicated, It Is the prospec of. a slow, year-by-year Increasi t gives concern. tnperlng-off In Industry 1 postwar spurt'of investment in new plant and ' machinery is closel; watched therefore, as a guide to fu ture trends in jobs and production Decline Is 8 Per Cent The decline from a year ago I now estimated at B per cent fo the first half of this year, 11 pe cent for the full year. This ts Its than the forecasts supplied the goy eminent by industry some month sgo, and may hint at some firm Ing of business confidence. A sharp rise In consumers' spend able income, or earnings after taxes was attribute largely to the $2,800 000,000 insurance refund distributed to veterans. Though consumer spending ' rosp to a record rate of 5181,000,000,000 annually.In the nunrtcr, the gair from late 1849 \v-; relatively sligh — ' about $1.2CO,000.000. . Saving: cl'mb steeply. This council interpreted as evf dence that the vetnru'is are clinging to their refunds and spending them slowly. National income rose to an annual rate of 220,300.000,000. .and' these further quarterly figures were on *RITZ THEATRE Manila, Ark. , December and January. U.S. Employes Tried by Czechs PRAGUE. Czechoslovakia, April 3. <AP)—Two Czech employes of he United states Information Ser- !ce went on trial before the Prague late court today on charges of spy- tig and spreading hostile propa- anda. The official Czech news agency tamed the defendants as Lubes Elstner and Miss Dagmar Kace- ovska, translators for the U.S.IJ5. The agency said Elstner pleaded nnocent and Miss Kacerovska ileaded partly guilty. ' ' Both were accused or supplying late secrets to the chief of the U.S. embassy's press department and with spreading hostile propa- ;anda against the Communist-led jovernment. The Latter-day Saints (Mormon) church was organized In Fayette I.Y., In 1830 with six charter mcm- jers. HE'S UP FOR THE COUNT-^Ctonu enumerator William p. Smith waves a shaky hand to photographers as he rides a boatswain's chair up a 60-foot flagpole to interview flogpole sitter Odell Smith. C-rnan Smith's enterprise illustrates lengths'to which Uncla Sam's census takers will go to avoid overlooking a subject Russia Called Greatest Threat to U.S. MACON, Ga., April 13. (/P)—Ara- rlcnns heard Air Secretary Stuart ymlngion say last night that they ere living ."In the shadow of the reatest. threat this nation ever accd." Symington made no bones about •hat nation was casting the sha- ow. Russia, he solrt. Tho air secretary, who leaves liortly to take the Job of chairman f the National Securities Resource Board, added that the "price of urvlval" Is a strong America. One reason for the shadow, he rontliuied. Is the fact that "never before has any potential enemy pos- cd the military means to deal, a single, swift surprise attack a possible devastating blow." Such a blow, said Symington, would make the "farms and factories and front yards of America SHOW STARTS 7:15 P.M. Thursday "THE UNFINISHED DANCE" (IN TECHNICOLOR) Margaret O'Brlen Cyd Charisse Friday & Saturday "OUTCAST OF BLACK MESA" Cliurles Starretl and Smiley Burnrtt n gigantic battlefield." The "bare necessities of military ecurlty" must be provided without wrecking the nation economy, he oncluded. * Free Meals Stopped THOMPSON FALLS,' Mont. — (/PI — Big Game animals aren't getting any more free meals from the allroads, but It's for their , own ood. Railroads agreed to quit dumping rarbage In this area because the lood attracted deer and elk to the racks where several hundred htve >een killed by locomotives. ; N E W Box Opens Week Days 7:M p.m. Matinee Saturdays & Sunday* Mat.-Sun. 1 p.m. Cunt. Showint Manila, Ark. Thursday 'WOMAN IN HIDING' with Ida Luplno and Howard Duff Also Short* Friday 'CANYON PASSAGE" with Dana Andrews and Hoagy Carmlchael Sal urday 'SAN ANTONIO KID" with Wild Bill Elliott Also Short! Phone 4621 for Show Time Thurs.-Fri. • Open 7:00 Also — Color Cartoon — "Don'l Hook Now" Sun.-Mon. • Firs) Blydieville Showing } "* II Frank Loffljoy* James Edwards I Steve Brabe • kit Corey • Lloyd Bridges Jl Thurs.-Fri. • Open 6:30 WII.UAM HOLDEN In "Streets of I>aredo" BLYTHEVILLES ONLY ALL WHITE THEATRE JOHN WAYNE In "Idol of the Crowd" THURSDAY IS JAYCEE NIGHT All the extra proceeds Thursday night at the Mox Theater go to the Jaycee fund for "Paint Up—Clean Up—-Fix Up" let's all go. Help make Blylheville a better place to live! ; FTNAT f IJiXX^Lu SPRING COATS-SUITS-DRESSES This is your LAST CHANCE to huy that lovely spring coat, suit or dress at a terrific saving. Feinberg's regular low prices have now been cut to the bone to clear the rest of our spring stock. There are many wonderful new styles from which to choose (some have just arrived" in the last 10 days).. ..all are our famous nationally-advertised brands. Of course, there's not a complete range of sizes in every style but we do have something here that we know you'll like.. ,at a price you'll love—for many items are LESS THAN HALF-PRICE! Don't wait. HURRY DOWN TOMORROW! Thursday "THEY LIVE BY NIGHT' wilh Cathy O'Dormell and Farley Grander News i Short Friday & Saturday "SATAN'S CIRCLE" with llnncan Repaid* and Leo Carrillo Cartoon Jt Serial "Say It With Flowers' BLYTHEVII.l.E FLOWER MART Memphis Him? Phone CMZ Concrete Culvert Tile Sizes «p U 36 rn Corrugated Metal Culverts Sizes IP to S4 m. Aitonutlo Flood tiile* Concrete Septic Tanks Metal Septic Tank* Sewer TiV*. •«*: Price. A. H.WEBB n •* K DRESSES- Values to 14.95 Values to 24.50 COATS Values To $25.00 Values To $29.95 Values To $39.95 Values To $45.00 $ $ 10 15 20 25 SUITS Values To $39.95 $ NO REFUNDS NO EXCHANGES Values To $45.00 Values To ALL SALES FINAL

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