The Courier News from Blytheville, Arkansas • Page 5

TVEDNESDAY, APRIL SO, 1D52 BLYTHEVTLLE (ARK.) COUKIER SK EM Japanese Trade Expected to Rise With Freedom British Textile Industry to Have Even Tougher Time By SAM OAWSON NEW American busi- Ipncssmen expect Japanese trade competition to mount now that she Ls free again. Occupied Japan was already making great strides Uward recapturing her old trading position. England particularly was feeling the pinch as Japanese textiles and melal products moved into markets the British like to supply. As Japane.se trade grows with India, Pakistan and Indonesia, the depressed British textile indu.strj will have a still harder fight Lo keep goinp. Nor will our own textile exporters like it.

Japanese Roods have been moving Into the United States In increasing quantities as she rebuilt her in- 1 dustrlcs during the occupation policies aimed at getting her back on her financial feet and Less of a fiscal burden to the United States. But American businessmen, have complained at the competition offered In many products, gloves, pottery, toys and textiles. Complalnt.i Recounted Complaints have stressed inability of American manufacturers to in price with Japanese "(foods made by workmen whose pay are so much lower. And some American manufacturers have charged that the quality of Japanese goods was inferior to American items, making price competition etill more one-sided. The Japanese appear all set for i new trade drive.

Offices of Japanese consulates opened as the peace treaties were vut into effect. American exporters and importers were urged to contact the consuls for commercial information. Tokyo's envoy to London started the ball rolling for a new trade treaty. He said competition for world markeU would be sharp between hta country and Britain but. promised that the Japanese would keep it fair.

The British on several cases since the end of the fighting have charged the Japanese with dumping goods at unfair prices to capture markets from British traders. The battle ha-sn't nil been over textiles. The Japanese have been i electrical appliances heavy and light machinnery and other metal products. The British have been glad, however, to get some steel from Japan to help make up the English shortage. Japan's shipment of 109.000 tons of steel England te small stuff compared to the American ledge to ship one million tons of the scarce metal but Japan is offering to send more and the British need it.

Japanese ship are rebuilding, too. During the first quarter of this year, the American Bureau of Shipping reports, Japanese tock. 14 of the 19 merchant ships completed in shipyards around the world. Pour of these freighters were built in Japanese shipyards. Before Pearl Harbor, Japan was one the leading shipping nations.

In Tokyo, legislation is being considered which would permit formation of associations of exporters to build up the nation's foreign SAVE DURING WARD WEEK MONSTER PLANE'S MAIDEN Air Force's super-secret stralofortrcss, the YB-52, lumbers into the nir at Boeing Field, Seattle, on its mnidon flight, The ship was flown to Moses Lake, for additional performance tests. Treasure Ups Savings Bond Interest 'All Along Line' WASHINGTON -The Treasury yesterday revamped its entire ti-billion-dollar savins bond i program, raising interest rates nil! along the line. Sate of two of the current series of savings and bonds- will be discontinued effective Thursday. But three new types of bonds will be offered. The familiar series defense type held by most be continued.

But Interest rates for the full period of the bond be raised from 2.9 per cent to 3 per cent. And buyers will pet a much bigger increase in interest rates over the first few years they hold the bond. The changes will not affect bonds already sold unless the bondholder wants to keep his bond after it matures. In that case, he will get the new Interest rate of 3 per cent Secretary of the Treasury Snyder said the many changes are designed to improve the bond program "in keeping with the ly ft reference to increased commercial interest rates. Snyder said a sampling of opinion has indicated the changes "will be very popular." trade.

And Japanese have just got orders from Chile for 20 locomotives. This time the Japanese aren't out just, to sell knicknacks to dime stores. They want to be a major industry nation, exporting their products everywhere. The biggest innovation will be issuance of an bond to be sold, like the bond, only to individuals. The bond Is boupht at fixed price, amounting to Mirer- fourths of its face value.

A $25 bond, for instance, casts $38.15 matures 10 years later at $25 value. I The bond, however, will pay off in checks to be delivered to the bondholder twice a year. It will be sold at will mature at par the smallest denomination will be $500 bond. The Treasury said bonds of lesser amount would not be practical because of the expense of handling interest payments. The bond's Interest rat? will be 3 per cent over a ear period but the initial chocks will not, re- fleet that Ir.rcc a rate.

A table shmvod that a it ,000 H- bond would bring $4 intercsl check after six months, a interest check for each of the next seven six-months periods and then a $17 check every half year for the remaining six years. TIRED FROM BEATING BATTERS WONDER MIXING ALL VEGETMHF See if Today's Big Difference in automatic washers At Leading Dealers NO CHARGE! FREE! RIMOL MOTH PROTECTION Saves your saves you money lor all your apparel and woolens Moths know no senson, so don't delay! Bring your clothes in now for low-cost quality cleaning plus Fumol Moth Proteccion al no cxlrt cost! Odorless, coiorlcss Fumol is harmless to fabrics, saves you the bother of wrapping and spraying, protects your precious woolens. And Fumol lasts from cleaning to cleaning! Your 100 Cleaner CITY CLEANERS E. Main Phone 3197 ByOREYHOUND you enjoy: 80 SO. PERCALE PRINTS Yd.

Yd. 35-36' width You'H find jt borh practical and ecorwmfcai this fine-qualify cotton for your own Housecfrtsiei, children's wear or charming Interior Wide at- ftortment of prJnrs in bright color schemes. Buy now; SAVE ON COTTON PLAYWEAR Shirt 4 Itnn, Reg. 1.98 Sanforized Gingham Plaid Shirt. 54- Inch rounded jhirt-lail.

Vat-dyed colon. 32 to 38. Reg. 2.49 Sanforized Denim Blua Ideal for work or play. Bar-tack'd for trrength.

to 34i REGULAR 2.98 SANDALS 2.66 for children, reduced for Ward Choice of white, multicolored or black potenl leather. MEN'S TWILL WORK SET Reg. 3.98 Pants Z.OO Sturdy, Army-type corded (will. Sanforized, mercerized, Full-length taili. Vol-dyed gray, ton, barV.

Matching pants. Zipper fly-front. Heavy boalsail drill pockets, Sanforized drill waistband. Cuffi. REG.

4.98 OXFORDS REGULAR 2.49 CHILD'S SKIPS 2.15 Sturdy Fabric in blue, with (hick, durable, crepe-liVa rubber Bumper it rip for long wear.Sjzei I SIRVICi SAVES HOURS OB I THAN 90,000 MILES OF DIRECT ROUTE ALL ALONG THE LINE ATION PLANNING SERVICE) like Memphis. Tcnn. 3.15 SI, Louis. Mo S.R.i Chicago. Ill 17.05 Detroit, Mich 14.10 C'ity.

Mo. S.R5 J.i.fiO tnriiannpnlis, Infl. 0.00 lfi.20 San Kranrlsrn 3S.no fifi.15 Chattanooga 1.90 M.2S Mils. Tcnn. t'nln.

Ashrvlllc. N.C. Miami. Fla. Rllovi.

Miss RncVforrt. .111. Hot Springs, Ark, Trip GREYHOUND N. Fiflh 6.15 11.10 Niagara 17.55 31.SO 11.25 Norfolk. Va.

20.ni) 37.B5 20.40 3B.75 Turstvn, Ariz. 28.70 51.71) 12.00 21.CO Washington, r). C. 20.10 3B.75 20.15 37..15 Orleans. l.a, 9.80 17.65 10.05 18.10 York, 2.1.70 t2.ll> 10.BO 10.10 Br-nlnn llarhnr, 6.25 11.25 Michigan 11.35 20.10 reorla, 111 8.05 BUS TERMINAL Phone 1111 IX 4.44 Women a trim, comfortable style you'll i enjoy wearing all day.

I Black kid; cushioned in-j In sizes 4 to IOJ REGULAR 2.98 SPORT SKIPS 2.66 Colorful and washable fabric Sandals or Oxfords for women. Red or blue wiTh rubber soles. Sizes 10. REG. 2.98 MISSES' SKIRTS Cottons.

Kxciting new prints, solids RKG. Ilk CANNON DISH CI.OTH Absorbent open-weave cotton. 15xJ7" 6 for RKG. 2.5!) I.ONGWKAK SIIKLTS Wards own quality muslins. 81 108" WARD WEEK 2.54 49c 2.33 SPECIALS RKG.

2.5!) UNm.KACHKD Ml'SUN Slurdy quality for serviceable. wear. 36" yd. GLASS TO WT.I.SPECIAI, Cannon cotton glass check Towels. 16x32" 4 for RKG.

P8c CAROL RRKNT NYLONS 15 Denier, 60 dark or reg. seams RKG. 1.79 SPORT SHIRTS For men. Short sleeves. Cotton plisse RKG.

2.D8 COTTON 7 RLOUSKS Sanforize rlcotton broadcloth. Misses' 19c 1.00 78c 1.47 2.54 REG. 2.70 BIB OVERALL Sanforized 8 07.. denim. Sizes 30 to 50 STURDY (TIAMBRAY SHIRT Special purchase.

Sanforized. 11-17 IUCG. NY1.ON KNIT I5RIKFS Elastic or band log styles, all sizes RKG. Jl.no JOAN BROWNK GRAS Nylon, cotton, acetate satin. AA-C RKG.

Sflc MKN'S T-SHIRT Ribben combed cotton. Popular colors RKG. 3 TRS. $1 WORK SOX Reinforced 2-pIy cotton 3 prs. RKG, SPORT SHIRTS Men's cottons, rayons.

Long sleeves RKG. SLACKS Rayon-and-acelale gabardine. 4-10 258 1.00 84c 78c 67c 84c 2.67 2.67.