The Courier News from Blytheville, Arkansas on October 4, 1949 · Page 17
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The Courier News from Blytheville, Arkansas · Page 17

Blytheville, Arkansas
Issue Date:
Tuesday, October 4, 1949
Page 17
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Page 17 article text (OCR)

IBA UHIIU IfCTFT mini BLYTHEVILLE COURIER NEWS King Cotton Days Special Section—Helping to Build a Better Blytheville >' BLYTHEVILLE, ARKANSAS, TUESDAY, OCTOBER 4, 1949 Two Banks Serve Financial Needs Over Large Area Harvest to Bring Large Increase in M Deposits This Fall Blytkevitle Boosters Seek to Plug Big'Leak There's a. hole in Mississippi County's pocketbook hroutrh which an estimated $25,000,000 leaks out annually. The leak has nothing to do with government but comes where it hurts many citizens most—in the lossW retail sales n Blytheville stores which are helping to pay the tax bills to provide funds to operate the schools, and the city and county governments. Blytheville's banking facilities, serving a large portion of northeast Arkansas and southeast Mis sourl. reflect the economic stature of the area. At the end of last year, deposits in the two local banks totaled bet ter than W.OM.OOO. Current deposits are soimwbat below that am are Just short of the ' $13,000,00 • mark. However, bankers point out tha' the decline in deposits is purely seasonal in such a predominate!: agricultural locale. "With the most expensive cotton crop 5n years, farmers have been forced to withdraw much In the way of funds which were deposited after the crop was In last year. Real indication of how the coun ty fared during this year will com when the banks publish their state merits of conditions on Decembe 31. B. A. Lynch has served as presi dent of the Farmers Bank for 2 years. E. M. Regenold was appoint ed president of the First Nationa Bank in April of this year. M: Regenolri succeeded the late Sar H. Williams. Bank Quarters Remodeled The First National Bank,recently renovated - its lobby, added i new directors' room and another room « house its bookkeeping depart- out. New equipment was pur- ciiased as a part of the moderniza- -tlon pliui. Riley B. .'ones and A. B. Reese are vice presidents of the bank and Jack C. Owen is cashier. Directors, include Mr. Kegenold, Chester Caldwell, J. M. Stevens, Charles Rose, David M. Barton, County Judge Roland Green and H. H. Houchlns. • • R. A. Porter and F. E. Warren • re vice-presidents of the Farmers Banks and R. L. Banister is cashier '~ Members of the board of directors include J. L. Cherry, C. A Richards, I. R. Johnson, C. A. Cunningham, B. s. Simmons Mr. War, See BANKS on Page T v Second Section Much Cotton Classed Here and Hayti Figuring roughly, the leak can be ipotted this way: Estimated income in the^ county amounts to (125,000,000 annually. Retail sales come to about $58,000,000 and bank deposits 'in the county account for around $21,000,000 of the income. This leaves some $40.000.000 which Is neither being spent nor deposited within the : area. Best available estimates place at $25,000,000 the amount of money which being spent each year outside the county. However, when the amount that visiting Missourlans spend in the county each year is subtracted from the retail sales total, the picture gro-'s a little darker. Loss of Sales Hurts Blytheville merchants are of the opinion that a large portion of the money is going to Memphis in the form of a multitude of comparatively s-.iil! purchases that could be made In Blytheville. The consumers' rebuttal Is that they can get bargains and fashions in .Memphis they can't find in loca' stores. The merchants think that's a short view of the situation. One merchant put it this way "Generally prices here will be lower or the same and you don' have to travel 150 miles to do your shopping." A quick Investigation of wha local merchants have to offer bring home sharply their argument tha It's often cheaper to buy in Blythe ville. Klnr C (ton DSITS, Oct. 6-8, will ItlTe citizens of BljtheTille and the retail trade area an opportunity to cet acquainted with their merchants' wartl and there will also b« an 1 opportunity to save money in the proem. A price comparison chart showed that practically all nationally- advertised or "name" brand items are fair-traded. . . . that is, the manufacturer sets'the price.. Other prices found 1 the Blytheville merchant several dollars beT low Memphis prices. For example, six nationally-advertised, brands of shoes' (men's and womrn's) were found to be selling from $2 to *3 per pair lower In Blytheville. Clothing for men and women, jewelry, furniture and electrical >roducts all were priced about the same way — most of them ' falr- .raded, the rest slightly cheaper f purchased locally. Women's clothes can almost always be bought at home with an advantage to the buyer. Prices are the same and there's no alteration charge In most Blytheville stores while nearly all Memphis shopj tack on a $3 to $5 per, garment alteration charge. As to variety, the merchants hav an argument there, too. One said I know we don't have the selectior of a larger store, but every wee) we sell somebody something tha they, by their own admission, wer going all the way to Memphis t buy. In most instances merchandis can be found orable prices In Blytheville at feu the people will Jus take the time to look for it." Wide Choice Of Clothing For Men Folk From the toe of his Atgyle sork to the crown of Iiis Stetson (Le Adam, or what have you) the veil dressed man of Blytheville has shopper's paradise in clothes selec tion. Likewise, the guy> In the overal or khaki pants that keeps Missis slppl County agriculturnllyprogress ing finds economical plenty stores designed for his needs. . Martin and Son, Hughes an Company, and Meads who are i th< heart of Blytheville, cater sole ly^to the master sex. This year Fran Sawyer and Lloyd Florman r ha "brought other stocks te widen tl field-of selection. ' , Heinemaim's Departtnelit Stor the J. C. Penney Company Stoi Montgomery ."Ward, llays Stor Graber's,' Jtedel's, Laiisky's, I. Ro enthal, Inc., all have men's furnish- ACTIVITY IN LOCAL CLASSING OFFICE—Serving an area consisting of Jive Arkansas. counties with a total, cotton production of around 600,000 bales of cotton annually, the. Blytheville cotton, classing office will provide, cnilck service' for office cipecte to U.iss uppro\linilcly — Courier News' rhuto northeast Arkunsus faitne'rb. Tl 10,000 bales dally. ings along with other merchandise. Tailor made? Of course . , • there's Hudson Clothiers and George L. Muir, for the meticulous or the hard to fit. Window displays indicate fastidious men, those more'casual-clothes minded, and the fellow with'.-the bulging wardrobe (or bay .window) lias ample merchandise to meet ;his clothing needs nt ms beck, and £all at any one of Blytheville's : men's shops. r PRICES REDUCED On All These wo PM A Off ices Serve Wide Area Branch in Blytheville Becomes Model for Units in Other Cities That Northeast Arkansas and southeast Missouri play an Import- nt role in the nation's cotton pro- uctlon picture Is dramticnlly evl- enccrt when the amout of cotton nosing through classing offices In lythcvllle and Hnytl Is considered. This year the two of (Ices combln- d expect to class about 1,100,00 nles of cotton, or better thnn seven erccnt of the estimated cotton crop 3[ 14,000.000 bales lor the entire United States. Doth offices arc under the Cotton Ininch of the ProclucUon and Marketing Administration. The Hnytl oftlce gained a permanent status In 1941. 'Hie Blylhe- vlllc office was opened August 23 or this year. Under the management of J. O. Wnrcllow, the Uayli office provides classing service for all cotton grown Missouri. Mr. Wnrcllow snld he expects 500,000 bales lo puss through the Ifaytl office this year. This cotton will come.from eight Missouri counties and the bulk of it naturally will be produced. In 1 the southeast portion or the state. Wiicn picking reaches Its peak, Mr. Wardlow said, his office will employ approximately 50 persons. R. N. Brasher, or Hayli, recently constructed a new building which gives employes of the, office about 6,100 square feet 'of floor ? spnce. The classing room Is 50 feet by Go feet. "We're proimd of our new office and especially of our new CO-foot Kkyllght," Mr. Wardlow stut- S« PMA on Pase 7 Second Section APPLIANCES 3 DAYS ONLY THURS.-FRL&SAT. All these applances are taken from our regular stock and reduced in price for 3 days only... .Thursday, Friday and Saturday. Reg. Price Blackstone Wringer Type W«h«r. . . . $99.95 Thor Wringer Type Wather . : . . . ..... ..129.99 2 Thor Gladirons ,. ...,.,.„,..,.,.. ,.,.,..„,. . 79.95 15cu. ft. COOLERATOR Home Freezer .469.50 COOLERATOR Home Freezer (used 30 days. .„.....,.,..., COOLERATOR 8 cu. ft? Refrigerator. . ... . .269.95 30 x 30 Enamel Shower Stall. ..,.,,..>.,...,.. 67.10 20 gal. Automatic Gas Water Heater. . .;.,.,.,.......,.,. 91.75 Columbus Gas Cook Stove. ............. ,.,.,.,.,.,. l . ! . .124.95 SAVEOiL Cook Stove .. ,. ,.,.,.,.,.,.,.. 104.95 Preway Oil Cook Stove . ; ... .=.,.,.,.,.. ......... 74.95 1 INTERNATIONAL Oil Heater. ...= .,.,.,.... 149.75 1 LEWIS Oil Heater , ,.,.,..., 115.00 2 GUEBERSON Oil Heaters (Large) .,...„..,..,...,.,...,.,. 78.95 Sale Price $84.27 106.25 67.50 404.55 299.50 243.05 49.50 69.75 116.20 91.25 63.70 124.79 95.94 67.00 -E. C. ROBINSON 319 w est ASK LUMBER COMPANY Hey, Kids! Get Your Jet Plane A Rugged Toy That Flies 150 Feet with- this coupon 1 Gallon Heavy Mineral Oil $2.25 Regular 7Sc DOAN'S PILLS 690 Phone 551 5 Pounds EPSOM SALTS 390 Regular $1.25 Creomulsion For Coughs & Colds $1.09 100 BAYER ASPIRIN -59c 75c Phillips MILK OF MAGNESIA - 69c Regular 75c LISTERIKE - - - - now 69c Regular $1.25 CAROID & BILE SALTS 98c Pepsodent Tooth Brush Pepsodent Tooth Paste Regular 50c eo. Big $1.00 Value JIcKcsson's Amnioninlcd Tooth Paste 60c Dr. West's Tooth Brush 50c Regular $1.10 Value Both for 89c All Metal 13 cell . FLASHLIGHTS - - 1.98 Red, Green, White Westclox Electric KITCHEN CLOCKS $5.95 Shasta Shampoo 2 49c Jars 490 WOODS DRUG STORE Jj. 1& J PHONE 507 BLYTHEVILLE.ARK.

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