The Courier News from Blytheville, Arkansas on May 12, 1952 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

Blytheville, Arkansas
Issue Date:
Monday, May 12, 1952
Page 2
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PAGE TWO BLYTHEVTLM; (ARK.) COURIER NEWS MONDAY, MAT 11, 1MI Dow/l Payment Requirements May Be Eased on Some Houses By CHARLES r. BARKKTT WASHINGTON (.TV-Sentiment Is growing in some government circles {or an easing of down payment requirements on houses In the medium and upper price brackets, which have not been selling too well. Severn! members of the Federal Reserve Board, which administers Regulation X over housing credit. favor the move, today, it was learned The board is surveying the prospects and will talk things over wit! Raymond Folcy. housing and home finance administrator, who would have to concur. The housing agency WRS reported cooler toward the proposal than some reserve board members. A final decision Is expected in the next few weeks. Regulation X now requires sliding scnle of down payment;, starting at SI.550 for a conventional loan on an $3,030 house and zoom- Ing to 50 per cent down on nl" houses above $24,500. Some Payments Smaller Loans gu;.ani?cd by L..O ,.vcrn rtient for veterans carry smaller down payments, from 1750 for an 3,000 house to 45 per cent for louses above $24,500. Some board members think the present scale has some lumps In t, with down payments Increasing out of proportion to the price on homes of $15,000 and above. These members say one-third down would be nn adequate requirement for the highest-priced homes. Starling downward from (his point, they would install a lower mid more even scale of down ng starts In March, the second highest mark on record. Original estimates of MO.OOO starts Ihls year are being revised upward to more Inn one million. Because of this tendency toward a boom situation, tho board will examine the prospects carefully and nny changes probably will be considered moderate by the board. payment requirements until they approached the present scale at about the $15,000 class. Under the present regulation, for an $18,000 house, on conventional loans Ihe down payment jumps to $6,700 and on G.I. loans to $5,800. Thus n house costing $10.000 more than the 18,000 class carries more than half of the difference-more than 55,000-lncluded In Ihe down payment. Tile housing market as a whole Is booming, but surveys by the reserve board show Ihnt sales of houses costing $16,000 and more are relatively slow. There were nlmost' 100.000 liuus- Navy Has New Radar Beam Lightweight S«r Mad* for Plan** WASHINGTON (IF> — The Navy has a new lightweight sceing-eye radar set for airplanes which warns pilot* of other aircraft, mountains and even itonns. When the beam, usually narrow Mice a pencil of rmsnllcht, Is spread fan-vise and turned downward the 250-pound radar set serves as a nav- Louisiana Prison Head Ignores Hunger, Work Strike by 720 Rebellious Convicts Spokesmen for builders, however, realtors say the and proposed changes would be a big help to them In selling medium and high-priced homes. igational nj , mapping the terrain (or 200 miles In all directions. The Navy said Its new set — somewhat similar lo one used In military combat aircraft but lighter, smaller, and easier lo operate—can be used by transport or commercia ANGOLA. I-a. MV— A Louisiana prison head Ignored today a hunger and work strike by 120 convicts and accusations thai he threatened lo kill a radio newsman who questioned prisoners. The white convict* In the camp lor first offenders at the state penitentiary went on strike five days ago protesting; long working hour: in the prison farm's cane fields. Jamei director V»n Sickle, lor station radio news KWKH at Shreveport, La., sought lo obtain Interviews yesterday from a group pltoLs. One has been Installed In the- presidential plane Independ- of the striking convicts. Van Sickle said when Superintendent D. D. Bazer found him talking to prisoners he drew his pistol and said, "I'm going to kill you." The newsman said he had been Invited to the prison by Deputy Warden L.K. Mullna. "I don't care nothing about what Van Sickle says," Bazer said. "I'm not going to admit anything. If he wants to go to court with It, ihit's all right." Van Sickle said after Bazer threatened his Itfe with the pistol "he came at me and struck a blow which I partially clocked." Van Sickle said after Bazer had struck at him, he realized, that he could no longer maintain his position and decided to leave. Bazer has constantly refused to allow newsmen to enter the prison, where more than 30 convict* slashed heel tendons last year protesting "brutality" by guards. The prison Is located on an 18,000 acre farm 70 miles north of the state capital at Baton Rouge About 2,300 convicts are confined here. The hunger strike went unreport ed until a New Orleans newspaper received an anonymous phone call Winni. RuHi Judd Now G«r» Lif* T«rm PHOENIX, ArU. MP)—Tb« death Mntcnc* und«r which trunk mur- dtrtu Winnie Ruth Judd lived for 20 years In the Arliona Slat* Hospital for the Insane ha« be«n commuted to life Imprisonment. And lf> Anwrica'l moth*r-and-ch!14 favorlta. Tabltta ar« 1/i adult doM, oranj* flavored. Bazer s«ld there is no disorder Bur It todaj. »c at the camp «nd that IM to not attempting to fore* tha prlaooara to work. Kefauver Backers Erttle Hard For 10 Wyoming De/egates CASPER, Wyo. Ml—Aided by a ; personal appeal of their r.anrtldnle. backers of Sen. Estes Kctauvcr of Tennessee battled today for 10 Wyoming delegates to the Democratic National Convention. Kefnuver made a brief appearance before a pre - convention caucus last night. He was lo fly back lo Denver today; then to Oregon. State Sen. Bob George of Lebo, Kan., representing Sen. 'Robert Kcrr of Oklahoma, lold reporters he had no thought of an Instructed delegation for his man. George quickly added he didn't want to see the delegation instructed for anyone else. This coincided with the expressed sentiments among come Democrats favorable to W. Avarell Hnrrlrnan. Democrats appeared placid in ontrast with the hectic manelivcr- g of Republicans down the street. Backers of Ben. Robert A. Tafl Ohio claimed an advantage. importers of Gen. Dwight D. Eis- ihower talked of getting no worse lan the short end of » 7-5 split. aft forces said they could grab all OOP national delegates but or the sake of party harmony. liey talked of a 10-2 split. SARONG GIRL—Dorothy Ij«- mour, who made America sarong conscious, once more wears one of the glamorous garments in her new picture, "Back to Bali." H will be the first time in eight years'that Dorothy has donned the garment she mndc famous, according to Ershine Johnson, noted Hollywood tor- correspondent. OTICE OF FILING OF APPLICATION FOB LIQUOR PERMIT Notice U hereby given that the nderslgned has filed with the De- artmenl of Alcoholic Beverage xmtrol of the Stat« of Arkansas or a permit to sell and dispense liioils or spirituous liquors for bev- rage at retail on the premises rtecrlbed: 420 West Ash St., Blythe- Ille. Mississippi Co., Arkaruas. Application fe for a permit to be Issued for operation beginning on he 1st day of July, 1952, and to expire on Ihe 30 rtay or June, 1953. Nofteld 8. Ros»l«. Signed by Applicant. Dangers of Rectal Troubles FREE BOOK—Explains Many Associated Conditions Backache, headache, constipation, dizziness, nausea, abdominal soreness," stomach and Intestinal conditions are often caused by Piles, Fis- tvila or Colon Troubles. 40-page FREE BOOK explains the nature I of these ailments. Write today—a postcard will do. Thornton A: Minor Hospital. Suite 572. 911 E. Llmvood, Kansas City 3, Mo. BUY EXPERTLY B» ypnr own |><!g« SEE! DRIVE! COMPARE! Attractive Pricctt Liberal Trade-ini! Long, Eaty Termil BLYTHEVILLE MOTOR COMPANY Walnut fc First • Phont 4422 NO DOWN PAYMENT REQUIRED AT GOODYEAR WE DELIVER YOUR GENERAL ELECTRIC APPLIANCE NOW YOU MAKE FIRST PAYMENT IN 30 DAYS (Only Small Monthly Payments Required) REFRIGERATORS RANGES WASHING MACHINES IRONERS RADIO SETS WATER HEATERS HOME FREEZERS ALSO INCLUDED ARE FANS, TOASTERS AND ALL OTHER SMALL APPLIANCES LIBERAL TRADE-IN Goodyear Always Gives You More For Old Appliances I We Carry Our Own Paper Tire Service Headquarters GOOD/YEAR SERVICE STORES Phone 2492

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