WEDNESDAY, SEPTEMBER 21, 1949 Selling is Heavy On Stock Market Valued Drop Around $1,000,000,000 for Year's Wont Decline NEW YORK, Sept. 21-</P,_He»- vy selling hammered stock prlcees down fractions to around three points yesterday for one of the worst declines of the year About $1,000,000,000 'was hacked away from the market value of all stocks .listed on the exchange. Selling never got out of control out the market showed little resistance most of the day. Demand increased a bit late in the session. Golds remained on the plus throughout. Brokerage houses reported that sales orders streamed Into Wall Street from all over the country. ^Substantial business developed as •"turnover rolled along at a rate of around 1,300,000 shares for the full session. The bleak outlook for labor peace hi the steel and coal Industries plus a growing fear the world-wide currency devaluation may have an unfortunate effect on the earning capacity of some concerns, were credited with creating the selling pressure. Among the losers were U.S. Steel, Bethlehem Steel, Yourigstown Sheet, General Motors, Chrysler St-jrtebaker, U.S. Rubber, Sears Roebuck, International H a r v e st e r, Schenley, Zenith Radio, American Telephone, International Telephone, American Smelting, Allied Chemical, General Electric, American Woolen. Santa Pe. N.Y. Central, Southern Railway, Texas Co., Gulf Oil, and Transcontinental & Western Air. Some of the golds hit new peak: for the year at one tiii.e but full advances were not maintained. Mother Confesses Slaying Her Daughter KINGWOOD, W. Va., Sept. 21— W>—A 65-year-old woman is in Jail here today on first degree murder charges after authorities quoted her as saying she killed her 25-year-old daughter and kept the body at home for a week. I MM. Jennie Mclntee was ordered ht!d without bond for the Preston County grand jury she pleaded Innocent at a hearing in magistrate's court. Sheriff J. H. Benson said Mrs. Mclntee told him she shot her daughter, Mrs. Mae Piper of nearby Grape Thicket, September 13, because "she perted me." Mrs. piper's body wa» found yesterday on a cot in • the home she shared with her mother. Benson said she had suffered a .22 calibre bullet wound in the head. Archbishop Visits Truman WASHINGTON, Sept." 21. (IF) — President Truman and the Most Rev. Cyril Forster Garbett, the archbishop of York (England), had a pleasant conversation at the White House yesterday. The archbishop, in this country to attend the forthcomlr- meeting of the Episcopal Church ot America at San Francisco, said he found Mr. Truman very interested in the cathedral at York. _EIA'THEVILLE (AHK.) COURIER NEWS GARBO-S -SECLUSION HAlR-DO-Greta Garbo's latest game 01 hide-and-seek to avoid public recognition took the form o f this rumpleo hair-do at Ostia, Italy, the beach near Rome. Greta Is in Rome to mane a new film. Her wigwagging companion is her traditionally unidentified escort. (AP Wirephoto). Free Enterprise Group to Fight- Labor Proposal LITTLE ROCK, Sept. 21. (£>> _ The Arkans« Free Enterprise Association tald today It would "or- ganise » statewide flghr against any effort to repeal Arkansas' "freedom to work" constitutional amendment Locals of the International Typographical Union and ot .r unions are back of a move to place a repeal measure on tiie I960 general election ballot. The freedom to work amendment and a 1947 enabling act forbid making union membership or non-nieniberslifp a cotirtllion of employment, thus prohibiting the "closed shop." Negro Youth* Slay Policeman in Chicago CHICAGO, Sept. 21. OT—A policeman was shot and killed yesterday and a few hours later two Negro youths surrendered and said they hart killed the officer. Policeman David P. Keating, 34, was slain on a South Side street by two Negro gunmen who pumped nine bullets into him without say- Ing a wore:. The officer had stopped to question the youths about a package one was carrying. The killing set In motion nil ex- (enslve manhunt that ended with the surrender of Sydney Johnson, 17, and Roosevelt Bnccus, 16. The youths went to the home of Policeman Lester Dnvirlson wh/> lives across the street from Johnson's home. Canadian Jurist Heads Ship Fire Investigation TORONTO, out,, Sept. 21, Ml— A justice of Canada's supreme court will head an Investigation of the Koranic disaster whose toll still stc- • today at 121 known dead and 81 missing. A commission headed by Justice R. L. Kcllock will begin its inquiry "as soon us possible." Canada's Transport Minister Lionel Clicvrler '-Id the House of Commons In Ottawa last night the department of transport already Iras staricrt a preliminary Investigation of the fire which flashed throiigl. fhc Great Lakes pleasure steamer Saturday night. Burly loctny. 41 of the 131 charred bodies In the emergency morgue here had been identified. Hunter Fires at Squirrel; Hits Parents Instead CANTON, o., Sept. 21-«>,- J0 hn Reese, 33-year-old hunter, saw a squirrel move In a dense woods near here Monday, so he shot ot _. wl ' at Reese hit, said Deputy Sheriff Nick Maxin, was his parents. Maxtn saM the squirrel already was dead and was dangling irom the hand of Reese's mother, Hazel 57. Her husband, Homer, was sitting next to her on a stump. Attendants at Mercy Hospital here said Mrs. Ueesc was wounded In the hip and abdomen and In serious condition. The elder Ree«e was struck in the hip. "El" IT Hebrew names such as Elisha, means God. PAGE NINE i Truman Administration Critics Hit by Borkley SAN FRANCISCO, Sept Jl (ft— Vice President Brakley made a vie- orous attack last night on eritlo who accuse the administration of developing a welfare ' -te. After completing his prepared address to the Western Str' ; Democratic Conference, the vice presl- el!,'" P oundcd n « 'abl« and de- "If as charged we are on the list mile toward a welfare itate v* might In all propriety uk who started us on the fl m il«.» He said he would like to a*k cr tics to look at all the JcWm- pllshmenta of his party utdthen see If they would want to repeal tte social legislation and theTe- malndei of the program. Film Star Dies HOLLYWOOD, Sept. 21-WP)— Richard Dix, 54, star of silent and sound pictures, died of . heart s ailment yesterday. He suffered his fatal attack in Chicago Aug. 10 while en route here from New' York by train. Later he was flown been sinking SEE THE NEW STYLES. THE NEW VALUES during !A iuouTIME paf ew. You'll like Dry Beer IttNOTSWEET! • Dry beer has not even a trace of sweetness. It's beer as beer should taste-clean, cool and full- bodied. It's so refreshing! Sixty M inutes Seem but Half an H our ! ISTANCE isn't the only thing Vhich passes swiftly when you sit *i the wheel of« 1949 Cadillac. So *loes limit Vou rest your hind on the beautiful 'leering ivheel and prcis j-our toe— •>ver so lightly-against the obedient ^'Ottle . . . and ,.<,„•„ off on , *'ondcrful journey. YourrWeis fr cclnd „,,. and r< . s(fi) , lou J"««it-,ndrel«-andenj or th C s«nery_, ndtheconi bn5hi . of those .bout you. Conversation i. as easy as if you Were sitting in your own drau ing room-tor the Mr is so quiet you can hcjr the soft ticking of the electric clock. The labor of driving is almost nonexistent. The big powerful motor moves you in and out ot traffic as if !>y automatic propulsion. Steering is little more than > response to your wish. Brakes »re light to tfic touch »nd velvety-smooth in action. Von are as relaxed and care-free as the happy passengers arounj you. For von da little more than the thmking-jnd the car docs the rest. And then i lamiliar landmark looms m the distance. Can it bs that you arc there? You look at the clock and you look »' the SDecdoractcr- and, surely enough, the time and the distance havcpasscd.and your journey isovcr. Better come in and sec for yourself Ihit—when you sit at the wheel of a Cadillac— iiaj ainaia seem but !•"!/in la sir! AT WADE'S ENJOY LIVING AT HOME HOME FASHION T.ME-SEPTEMBER 22nd THROUGH OCTOBER ,* BREAKFAST SETS Breakfast sets, priced for (he unfinished wood set at $22.95 and up.- enameled sets, porce- Cn^OC lain sets, solid oak sets, and others. up Best quality construction to give years ot service. Sofa at $39.95 is in good grade of tapestry, wood arms. $3995 **up 3 PC. MAPLE SUITE Quality 3 piece maple flnlahed living room suite, long wearing tapestry cov-' ^-"—"— ering. Big sofa, chair, and pint- matching lounge form rocker. covers. . „„ similar U P to Illustration. 3 PC. BEDROOM SUITES These suites should sell for much more Mow they must go at only $49.95. $ IA95 • Similar to illus- **AT tratlon. Up velour covering, inner spring construe- lion. Similar to illus- Walnut veneered bed room suites In moderns, ruucllonaij and many others, one to fit any bed room. 50 different styles. SU k L !yAS:NELSON CHEVROLET CO Phone 578 __ _ ___ USE WADE'S EASY PAYMENf PLAN WADE FURNITURE COMPANY JTORES IN BLYTHEVILLE, ARK., U NION CITY AND MARTIN, TENN.
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