The Courier News from Blytheville, Arkansas on May 3, 1950 · Page 6
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The Courier News from Blytheville, Arkansas · Page 6

Blytheville, Arkansas
Issue Date:
Wednesday, May 3, 1950
Page 6
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Page 6 article text (OCR)

PAGE SIX BLYTHEVTLT;E (AKK.V COURIER NEWS WEDNESDAY, MAY 8, 19r,0 Inflation Talk Stirs Again in Farm Lands • BY Sam Dawson + NEW YORK, May 3. <<P>—Inflation talk is stirring In (he farm country, too, as well as In Wall Street. Grain and meat prices liave been pushing to new highs (or the year in rucent days. Advances have been made In spite ol the huge surpluses or grain which the government holds, and which it has been trying in vain to peddle abroad at any but cut- rate prices. These surpluses hang over the market, apparently without worrying the grain traders. The upswing in commodities as a whole seems to stem from four things, although in each individual Hem there are reasons peculiar to its own situation. First is the bad "Cathcr—too much rain where men should be planting oaU too little rain where the winter wheat crop shrivels. IJusinrss Improves Second is the general improvement in business and in sentiment. Third fs the war scare, which last month hit another o[ Us recurring peaks. And fourth Is the belief that the government will spend even more for defense and for stockpiling— both increasing the flow of money around the land and taking stocks oj some commodities oil Ihc market, fn rthe futures market as May opened, new nigh flotations for the season were bid for soybean and cottonseed oils, fc soybeans, tvheat, corn, oats and wool. Also higher were rubber, rye, cocoa, hides, sugar, butter and eggs. Hog Trices Climb . In the stockyards, the price of hogs continued to climb So did the price of pork at the butcher's Trade sources say ihat Is because people are eating more meat and «re freer with their money than during the recession scare last year. Soybean price strength is credited to a number of things. Margar- inft makers are buying more, get- tuiB ready for the end of federal taxes on the spread July 1, which they think will boost its use. Paint makers use .the oil—and a lot of house are being built and painted. So far this year the oil has. climbed three cents a pound to more than 13 cents. Cotldnsrcil Oil Up Cottonseed oil followed soybean oil higher. In spile of the holdings whtah the government could place upon the market. The United States produced 222.- JOO.OOu bushels of soybeans last year. It Is expected to top that in 1950. For one thing, some farmers are planting to soybeans the ncre- nge which they withdrew from wcat planting, under the government support program. Much acreage that might have gone info oats thus year may be planted to soybeans. Too much rain in parts of the country has made the planting of oats impossible. And the hike ii aobean prices attracts more acreage this year. Weat's strength has been tracer to the steadily delitiing estimates of this year's crop, due to tli prolonged drouth in the southwest Another government crop report I. due next week and dealers in th< grain pits expect it, to show a further drop in crop prospects. U.S. Takes Over The government, has just taken over the 1049 crop wheat whlcl was defaulted by farmers who go price support loans for It. Som believe as much as 275 mlllioi Vt«g£ IN GOOD STANDING - It wasn't much of a job for judges at Miami Daach, Fla., to select Dolores Mcdlin as "Miss Good Posture." Dolores just "postured" and ivns picked, simple as that liels parsed Into government itle yesterday as the deadline for exemption passed. The commodity credit corp. is >ffcring 100,000,000 bushels of thi vheat on the market, but the prices not aMracElve. The quotation domestic sale Is 27 cents a bushel above the Joan level. FOI ?xporl, the quotation is at not lc& - .han market price. But about all ,he wheat moving abroad now Is going under the international wheat agreement at about 60 cents under the market, with the CCC taking the loss. Government, farm prices support plans, meanwhile, are marking time 1 wliile Congress .studies the CCC re- i quest Tor $2 billion more to brine 1 its funds to $8% billion, it already has nearly, $4^ billion tied up in farm surpluses it has bought up, and is about out of' money,. — And the Kitchen Sink CLEVELAND,, M»y 3. W)—Joseph Ciy.ovskl moved out of his home to permit the state to wreck It to clean a path for a freeway. The wrecking began today, unofficially Thieves removed fixtures, lele-v phones and most of (he plumbing fixtures—and the kitchen sink. for the world's finest reception! COME N. and seelhli wonderful new Magnavox television-radio-pKono^ You haven't seen really fir:e television until you've seen the clearer, sharper pictures which this handsome Magnavox Wfdgtti'ooet model brings into your home. Its superb Magna- scopc picture system has new l6-;nch rectangular tube phis built-in filter, supcrscnsiiivity for pcalc performance, automatic pitwct stabilizer and world-famous Magnavox sound, BETTER SIGHT, BETTER SOUND, BETTER BUY 498.50 ONLY Extended payment plan easily arranged. flawless hand-rubbed mahogany or mople liniih HUBBARD & SON FURNITURE WE WILL GLADLY PAY YOU Phone 4409 Blytheville $ $ tf ' •V. -j^ OR EVEN MORE! JUST SEND IN THE NAME OF ANYONE YOU KNOW WHO IS THINKING OF BUYING A NEW OR A USED CAR!! Nearly every day someone you know menfions that he tsn't satisfied with the car he's driving. Maybe he's looking for ;i new car or perhaps just a belter used car or truck. Well, if you'll just call or drop a line and give us his name and address, we'd like to contact him and see if he's interested in a new ['online or one of our uscu cars. Should he buy one, we'll immediately send you a check for $25. And what's more.'re doing him a favor. We know thai he'll be wonderfully satisfied with a beautiful new Ponthic or a used car that we have overhauled. And we'll give ^im a mighty good trade-in allowance, too. PONTIAC— The Most Beautiful Thing on Wheel* Now you can send us as many names as you like. At the end of 60 days (June 2li) we will irivc a special bonus of $100 to the person who has supplied vis with Hie most Annies ot people who bought cars. That is, SI(10 in addition to the $25 received at the time of each individual sale. However, \vc would prefer thai you do not try to talk your friends into buying a car. Just call and let us contact him. We want him to drive trie Pnnliac or the used car or truck and he convinced by an actual•demonstration thai he's gelling the most for his money here. Well, Uic rcsl is up to you. Hememher. . here's a mighty good chance to earn some extra money—and do your friend a favor, too. Everyone may take part in this offer except members of Noble Gill I'onliac, our employees and Iheir immediate families! NOBLE GILL PONTIAC, Inc 216 South Lilly M. W. "BILL" SPENCER, Mgr. Phone 4371

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