The Courier News from Blytheville, Arkansas on December 30, 1933 · Page 12
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The Courier News from Blytheville, Arkansas · Page 12

Blytheville, Arkansas
Issue Date:
Saturday, December 30, 1933
Page 12
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PAGE Tvra.vF! STARTS JILL! OF .Millions Re-employed as .'-' Big Industries Get Un.;;.'. der .Way. BY Max Buckingham OJnited Press Financial Writer) .-NEW YORK. (UP)—American business in 1933 started a steady pjill out of ihe rut of four years' • depression, aided by physical developments within and psychological development willxmt. ...^Millions more men arc at work. •Relief rolls have been lessened. jGreat industries — particularly the Bteel industry—have given signs of •sharp revival from the lows that served as a constant depressant in 1832. •"The Industrial barometer Is not at Its 1933 high at the year's closing. Greater struggles are irnme- MJIatcly ahead. But the late sum- "riier and early fall recession appears to have been stopped and a "rising- note of industrial activity reinstated, Public Works an Aid .Workers have been bcnefltted by shorter hours and added pay as a retult of the NRA codes. The Pub- lic.Works Administration and civil •Works Administration have opened outlets to the unemployed, the lat- ,ter now providing work on various .'municipal proiccts—road Improvements, town clean ups, etc.—which will absorb 4,OOO.CGO workers. Thou[sands of young men were taken from Idleness to work In the Cl- "Tilian Conservation Corps camps •scattered over the nation. • The improvement began shortly 'after President Roosevelt was inaugurated in March. The days were d»rk then. Business was nt a low ?bb. Banks nationwide were closed ty proclamation, owing to weak- .nesses in structures of many great tanking institutions. Hoarding had become tremendous, •'The banking holiday was fol- 'lowed by rapid-fire legislation to alleviate conditions. The nation '.vent off the gold standard. Busi- 'ins- Improvement legislation was rushed through a congress thfct stood behind the President's recovery, program. Inflation talk swept the nation. Recovery Swtft in Spring .- The swiftness with which action was started in congress had a vast psychological effect on business Itself. Electric nower production, always a significant barometer of the nation's business, started picking no. Steel production Increased. Motor car output began to take on life. Store .sales picked tip. Railroad car loadings started improving. As the banks reopened there was a vast change 'rn':'the. acceleration of business. J,The. 'upsweep was fast, stock aha-, commodity markets soared. ij.u't-the advancement was too rap- W/'and Uiere came n sudden break in : tne late, summer which carried aw_ay about 50 per cent of the gain. But/again as the year closes, thn acceleration' is on. :-A review of major divisions in the national life shows: ; ; : ' ' STEEL INDUSTRY -;'Production at the close of 1932 was 13 per cent, according to the Iron .Age. The oeak in 1933 was 89. per cent In July, according to Uw same authority. The subsequent . decline brought the rate to 25.2 per cent on Nov. 6. Produc- tion'for the week beginning December 11, according to the American Iron and Steel Institute was 3).5 per cent. The favorable trend in recent weeks has led to some authorities estimating the year's production as 70 per cent greater than 1932. TEXTILES The industry has made one of the finest come-backs of all industries this year, plants, Jong dosed... have been reopened. Southern cities which depend on the. textile «s hundreds of workers—Id! s for months and years—returned to wort. The code was one of the first signed and many of the. bis tortile - Bt™RVn,LE, .(ARK.) COURIER KIWI betterment, plus bringing In a great Increase in laxes to the govermenl mid automatic curlsll- mont of many "nuisance taxes," RETAIL TRADE Retail trade lias Improved considerably, particularly in the clialn store and moll order fields, some deterrent has come to tills Industry through necc.ssHous price rises as result of greater costs' due to ihe application of governmental codes to manufacturing Industries. Ti-.c November mall older business was about 20 per cent greater thnn thai of the corresjxmding month ol 1932. The grocery (rude, according to one authority, lias .shown continued Improvement since June, llctlcrmont lias been shown In llie luxury business, sucli as Jewelry, with (lie fur business now reportedly at the brsl level since 1929. IN SP!K OF Production Has Increased but Consumption Is Better. Lack of mortgage money has hindered building In Ihe past year, although construction figures rose.,, ,, sharply as Ihe year closed. Much i tloii. of the major building has been by j ,,.. government protects. Home build- , „„.„ llv .M. I,. Hrown (United Pri'SK Financial Writer) NEW YOHK.—Tin- cotton Industry yeco]-dr.'d substantial progress toward iccovcTy during 1933 under the .stimulus of governmental efforts to commodity prices and sharp i !se In world administration's efforts to I preclatlon of more than 10 percent over the 1932 closing marks. ' A year ago spot cotton sold 'at New York at slightly nbove (i cent-i a pound, compared with the current level of better than 10 cent?. The ]>eak of the \033 advance was reached July 18, when, In ilnv wllh n general advance In security nnd commodity prices, spot cuttoii at New York touched II 3-4 cent.'. This contrasted with the year's )ov' of 5.90 tents asd with ihe 1932 low of 5 cents a pound, the lowest level touched by the staple In almost hal: a century. ' ' During tfie closing months '"'of 1933 the advance wa.-> '.halt/iij 1 ]^ evidences appeared Miitjj'A'niiiJnij- mlnlstratlon did not tavor currency inflation. Monetary uncerlaju- lies and a let-up In if-£r.lU>Biy'' business drive stifled'' BpecuSiSvr uin-ratlom. Indications thnt'-llu- 1933-34 world cotton Blocks would rlw to a new high record as a result ol Increased foreign production also dampened bullish enthus- t :! six '." RAILROAD CARLOADINGS-- Railroad carloadings will be appreciably better in 1933 than in 1932, although they were wel under -the r>ast vcar In the fore- y In preventing mortgage foreclos- ircs and saved the market Irom my greater slut of distressed prop- " '* tics. Bankers ex|»cl sonic re- asc of mortgage money within months. GKNKKAI ' c flom cultivation 10.400,000 acres of American cotton at an approximate cost of S11I.000.000. [.!•<•. 1933-34 Ameri- iasm. Nevertheless, most cotton trad- , - ers were of the opinion that 193< would ultncss a sustained upward movement or cotton prices toward lire-depression levels. can cotton croi) was shaved down to around 13,177,000 bales, or slluht.- Iv above the 12,961,000 bales nrn- Electrlc poweVproduellon lias i 1 '"*" '" " lc ]aor ""» * Car 1932 - -Season umiicd sharply; coal out]>tit has ' . . , , 1933-34 >ecn a little better; cotton con- lh ?" , C T Sl ^'f'™™ 1 " 1 , " Uillly -193'-31 umptlon lins risen greatly; some ! hosc '» ''"'a- China and E,jvol' tabulation has come Into the oil i'"« f ' wnrU1 Cr0p fm nduslry, tending toward relieving ,\°f'" «™ . , to t0lal morf : :he tremendous -rprcxlucllon. §£ 2 ^™,n ^33 C a°,TdT- 535.000 in Ihe 1931-32 season. World carryover on August 1. 1933 was I(i 2-17.000 bales, comuared with n.412.000 at tt:e close of the nrccedltiK so.ison. The decline wns largely due to llie small American crop In the 1932-33 season and to sharply increased consumption ID mm PLIICE DEflL Grain Exchange Head Finds Him Keystone in Recovery Program. BV FETKIt Ii. CAFtRY I'rMidrnl, {.'hlrago Board of Trade CHICAGO I Ul>) — History will record 1933 as the most amazing and perhaps the most momentous year that the American farmer and the agricultural trades have experienced. As the year draws to an end we find drastic changes, affecting every brunch of agriculture, actually in operation. All' have been inaugurated with the single view to regaining lost ]Hnch:nlnu power of ' - ------------- . hroueli governmeiu aid; business 'allures have decreased sharply BUTLllSTflR Business Leaders of Nation View . the Future With Confidence. Copyright 1933 by United Press NEW YORK. (UP I—American justness leaders are looking for toady Improvement in acceleration it industry in 1934. a United Press urvcy showed today. Forecasts icnerally nre for greater employment nnd Improved earnings. There was unanimity of belief hal the pick-up started In 1933 would be continued, but various Industries have different viewpoints on the rate of Improvement exacted during (he year. A cross ecilon of the opinions shows: Will Gain Momentum Alfred p. sloan jr., president of 3encral Motors corporation—"We are better off on practically all :ounls than we were a year ago. We must appreciate lhal such a rend, having definitely manifested tself. is bound to gain momentum as time passes. Gerard Swope, president of General Electric Company—We arc ooking forward wllh confidence hat 1934 will be a better year than n 1933 In employment and In Industry. C. M. Chester, president General Foods Corporation—With more widespread employment and purchasing ]x>wer, the food business as a whole should be able to make progress. O. C. Huffman, president Continental Can Company. Inc.—Present prospects for the can making industry nest ye-ar ore bright. Thomas J. Watson, president In- crnatlonal Business Machines Corporation—I am convinced that 1934 | ivlll witness nn acceleration of ths mprovement now taking place here and in other Important commercial nations. P. A. Merrick. president West- nghousc Electric and Manufacturing Company-It carl bc ^^ , h[ll he outlook for 1934 ts definitely in the direction of Improvement. Gains Are Permanent —,)h Wilshirc. president Standard Brands, Inc.—While I see nothing spectacular on the horizon I feel the outlook Is for a steady gain In business which even if which rose to '24.802.000 bales (or the season ended August 1, 1933. Thus, for (lip first time since 192829, world cotton consumntfon ai>- proxfmatcd total production, the most striking and significant feature of the season, according to cotton authorities. Nfost of the Increased consumu- tlon took place In the United States, with much' of It based upon purely speculative Influences such as expectations of currency Inflation. (lie processing tax and the growing oclicj that higher prices' were in the offing. Nevertheless, n considerable portion was credited to yenulne business improvement and increased power. Consumption consumer purchas- also rose abroad and during August, September and October the world total was 0.391.000 bales, (he highest level for the period In the which the New change has data. Prices reflected these factors with seven years for York Cotton Ex- 1931-32 1930-31 1929-30 1928-29 1927-28 1020-27 Cotton Statistics (000 oinltted) V. .S. World Wcirld I'ro- Pro- {,'nn- vWorlil due- due- suinji- Carry tlun linn tiun nver .!13,m 2S.140 10,247 i growers 12,901 23.G31 24.112 17412! - 1G.S87 26.535 23.007 13 940 13,873 25,190 22.329 11,113 14,716 26.597 2-1.828 9.307 14.555 25.670 25,803 9,518 12,957 23.301 25.408 11,039 18.162 21.804 25.580 9845 the farmer's products and thereby assisting the enliro national recovery. The new administration has kept this aim continually before it. and leuicdk's applied have included bonus payments and other benefits to livestock raisers and the of our principle staple crops. It it too early to anticipate Ihe ultimate result. Personally, I am optimistic of the future for the farmpr. It cannot be denied hns the backing of the the United . Never again ean lie justly complain of federal neglect. He finds himself the key that he financial power of States government. pendent of aid from the federal treasury. Corn. oats, rve and barley farmers have particlnated correspondingly In the better price levels, as recorded on the grain exchanges. It is safe to assert that all lines of business and Industry have receiv - i^BPJ^ A -'-^^M^-^'-iH? Boston Huge Laboratory For Auto Safety Tests BOSTON (OP) — This city has ilonc 'of'-concen'tr'at'ereff-orV'for ±'" dcfd tlmul.llon from the im- imtlonal rehabilitation. lor ( "roved farm purchasing power, The new deal at Wisliln°fnn' ll " > exclla "8 es (save a good ac- hns won to It that the c" Uon I C °' mt of H"™* 1 "* "'"lor trying planter of the south receives loans|° - '" I!)33 ' The ccoll ° lnlc of 10 cents a pound; corn growers who agree to reduce their acreage 20 per cent will receive 30 cenls a bushel In cash on not to exceed 30 per cent of their average production the past five years; also, thev are being loaned 45 cents a bushel on corn, at the farm; money Inducements ore being made to the wheat farmer; to Induce the hog breeder to reduce production the government has bought suckling pigs and sows by the millions; it has purchased and stored butter nnd has 'bought wheat for relief use. Each move has been made for Ihe purnose of raising the price levels of commodities at their source. An encouraging item of the farm situation that might easily be overlooked is that despite a substantial break In the price of grains from, (heir highs of the year, the , American wheat grower, for ex- In . of their _, .„ was obvious when they were forced to close for the first time In their history during the national banking holiday which greeted the incoming administration. Receipts at Chicago of corn, rye and barley to December 1 this year recorded a substantial advance over the similar period of a vcar previous, lending body to the belief that farmers participated in the higher range of prices despite a smaller crop yield. On December 1, Chicago receipts were 8.256,000 bbls. flour; 12,973 000 bu. wheat; 88.928,000 bu. corn; 20,400,000 bu. oats; O.C33.000 bu rye f.nd 8.244,000 bu. barley, the' aggregate being approximately 25.000,000 bushels of grain In excess of the first eleven months of 1932. Shipments from Chicago for the same period were 4,990.000 been turned inlr an enormous laboratory for a scientific test which may prodwe a real remedy lor automobile accidents. Nearly 1,000 Held workers, op- crating under the direction of the Massachusetts Institute of Tech- rology highway f.itety survey, are \valchlng known traffic danger spots a,s a memii of establishing end classifying '.he principal causes of highway fatalities. This Is but one feature of a comprehensive program, the re- 5ii!ts of which r.ic expected not only to revolutionize Massachusetts' highway salety policy, but those of other states. Missfd 5 Minutes in Season AUBURN, Ala. (UP) — Boots Chambless alternate-captain and guard on the Auburn gridiron team played 595 of a possible 600 minutes in the football campaign Just ended. He saw action In all but the final five minutes of a game against, a secondary college foe - .' ,. flour; 15,493,000 bu wheat' ......... -•• •vn.-ii , - r ,, amplc, is receiving almost 100 per i 341,000 bu. com; cent more than a year ago for his 1.584,000 bu. rye •Season August 1 to July 31. (•Carryover as of July i. fPlnal government estimate. Season Spot Prices at New York (ceiits per pound) High •1033-34 ........ 10.45 1332-33 ........ u.15 1931-32 ........ 8.15 1930-31 ........ 13.15 1929-30 ...... 1955 1928-2!! ...... " 21 '.S3 1927-28 ........ 23.90 1926-21 ........ 19.20 "Incomplete. I.01V 8.0S 5.70 5.00 8.25 12.45 17.05 9.CO 7.37 0.34 10.311 1B.CO' 19.13 i 11.00 20.42 i 12.15 15.15 final 1033 levels showing a net ap- i at>d led it home. Shrimp Bait -Caught \', "i 'Duck for texa'h TEXAS cmr.-.Tex. <UP)-Umls . Shannon wen! fishing- nnd caught i a duck. i Baiting his hook with a fat shrimp Louis cast It into water near where.a small nock-of ducks were feeding. One curious nncj I hungry duck 'saw the choice shrimp' submerge and dived for' a meal, j •Louis pulled the duck out, i moved the hook from ils Untied n string around the 'luck's U' permanent. j. Selh Schnltnian, chief statistician, p. w. Dodge corporatlon- The year 1934 Is getting off to a good start so far as the construction industry is concerned. ,. -Indications point to motor car t output in December as bclm? in e» j cess of 100.000 units. This would I result In total for the year of more | thin 2,000,000 units. Production In 1 1»32 wu 1.431,494 units. 1931 2 47J.369 units and 1930 3,510.118 ' unK8. FARMER , -. Farm purchasing cower, accord- liW to many reliable sources, has picked ur> to a considerable pro portion. The industry, however. Is '"«d over *hat Is claimed to ,..,..,- wide span between purchasing power and the money paid to 1 the fanner for his products. Chief [ aim of the administration is to push, commodity • prices to a 1926 IWl.and prices for the basic com- mocrltlfs-,-«niins. .livestock, etc— still continue wen below that av 1 enter UQCOR Return of fe*»li»d beer speeded up an Industry dormant for 13 ! Je*r«. brought Increased production I w »tn*d companies »nd more 1 work p, OTMS jfcp^, Q ^ pIQ _ ' £ri Ul4 ftkr Added to K " There are brightening prospects [ Ol sugar as world statistics continue to Improve and consumption shows gratifying stability. William s. Dowdell, president of the New York Cotton Exchange-I leel that we can look forward with confidence to a further gradual Improvement during the coming year and that the cotton trade as a whole will share in the new prosperity. Jerome Lewlne, president Com modity Exchange, Inc.—We can with reasonable assurance, look for ward to a promising year in 103 both as respects trading actlvitj and perhaps better and more stabl prices. : Edward G. Seubert, preslden Standard Oil Company of Indian —I am hopeful of seeing real pro gress In recover)- in 1934. Domestic animals pay little at tentlon to airplanes flying overhead unless they fiy exceptional!) low; wild animate, however, may bc stampeded by the noise and slch of an airplane; Although our participation in Rlythnville's progress luis not licen ovor n period of years, we foel that we liavi already become n useful part of (lie coininMiiily. nnd that we have conh-ibulcd in a snail way to its move vccent growth and advancement. At this season \vc look back with satisfaction on the business given us during the old year, and assure our friends that they will receive the same careful consideration in 10.'M. Blytheville Canning Co. ., product. This Is .a benefit . inde- 1 of barley. bbls. 4916,916000 bu' oats- and 1,350000 bu ' BOSTON (UP)— Prank p. Hill has an unusual hobby, one that dates back 30 years. Hill started to collect milk bottle caps in 1903 and his collection now totals 2,400 caps. The Blytheville Cotton Oil Company believes in the future of Mississippi county and of its principal city, Blytheville. . . In this, the tenth year of our operation^ we" look back upon a record 6f consistent growth as evidence that the service this institution renders meets with the satisfaction jof its patrons. , contribution/to the.growth and prosperity ofjthe community may increase we ask the moral support of the public- Dairymen and farmers generally can save money by mixing- their bton feeds with .cottonseed meal and hulls purchased here. To ginners of this vicinity our.mill offers the logical and conveniently'accessible market for their seed. We invite also consideration of the fact that sale and processing of seed at home helps to retain in the community a larger proportion of the wealth produced on our farms. To those with whom we have done business we express our appreciation of the friendly relations of the past, and to the entire community we extend our wish for a Happy and Prosperous 1934

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