The Courier News from Blytheville, Arkansas on September 29, 1955 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

Blytheville, Arkansas
Issue Date:
Thursday, September 29, 1955
Page 2
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BLITHE VTLLB '(ASlt.T WORICT !WWB SWITMBER n, itw /nstitutiona/ Bayer In Spotlight as Stock Market Falls, Rises By SAM DAWSOX NEW YORK (AP) — Sharp breaks and brisk rallies in stock prices since President Eisenhower's illness swing the spotlight again on the role of the institutional buyer and seller of stocks. . Does he steady the market? Or: surance companies in corporate does he have a" part in making! securileis, two thirds of all msti- price swings more violent ? The volume of shares the institutional investors buy or sell daily has spurted 60 per cent in the last three years, the New York! panics and Stock Exchange reports today. And' ™ J9 per cent 0' institutional trading volume is in blocks of 1,000 or more shares. .. Institutional investors include tutional share volume is for the portfolios of personal trust funds, mutual funds, estates, pension funds, closed-end investment com- School Improvements Needed For Industry/ Fulbright Soys LrtTLE ROCK (* -- The move to get new industry in Arkansas has been very successful, Sen. J. W. Fulbright (D-Ark) says, but he predicted the rush of industry into Arkansas would halt unless schools were improved. "Our economy here is still dependent upon agriculture," he said, bin added that plans to industrialize .. r ere working out well. However, he warned that unless Arkansas schools are improved, "I feel certain that industry will quit coining here." Speaking to a civic club Tuesday, Fulbright accused Agriculture Secretary Benson of hypocrisy in farm polic>. "Wiien Mr. Benson entered' the cabinet," Fulbright said, "he said cabinet," Fulbright said, "ne said that liiph puce supports were undermining the morals of our farmers. And yet the administration has managed to give preferentlt! treatment . . . (hut might effect tb« election of certain «n«tor» or representatives. "I cannot agree with such hypocrisy after universal principle* have been laid down," he Mid. Convicts in Wnife COLUMBIA, 8. C. (#)—Some convicts at South Carolina Penitentiary wear white trousers and white shirts. They're for men who can be trusted on small Jobs without guards. But penitentiary officials didn't overlook the possibility that their white- cltd mm mffht wandw away and lot* their Identity amonf whitt- clothed cttlaetu. The; put a Mack strip* down the trouwr legi. The new toi> for the prison elite replace the old blue denims or the black and white horizontal ctrlpci. Point Closeout i Price Hubbard Hardware For All That's Good in Insurance f*», EiUmM Cowrm. Automobile, FU« Tfceft a •041 Mrety bowk for your emptorew. FOE Sound Innirance protection art fcpMWhWe wniot, you M* rite* to call at our office. W. M. BURNS AGENCY 219 W. WaJnut Ph«* 3-3361 investment clubs. Trusts and -estates are more important as sellers than as buyers. Pension funds account for a much larger percentage of total purchases than they do of sales. pension funds, life, fire and casu-| alty insurance companies, mutual. A » - 1 • Li* savings banks, mutual funds, per- AlrpOlT •UlCjlllS sonal trusts, estates, guardian- - — ships, investment clubs, educational 'institutions, religious foundations and profit sharing plans. Traders watching this week's nervous market have been asking: What are the institutions doing? These have many of the largest holdings of stocks. And when they enter the market it's news. A Senate subcommittee is eyeing the general role of the institutional investor in the stock market. The institutions point out that because they neither rush in rashly to buy nor panic easily and sell, they are a stabilizing influence on the market. "The Stock exchange is usually regarded a* a marketplace primarily for individual members of the public" notes its president, Keith Punston. He adds that this ie largely still true. But he says * study by the. exchange spells out the growing importance of institutional investors in the market. Thie study is one of a series by th« exchange at irregular intervals since 1952 showing amounts of purchases and sales by each type of investor. Punston notes that despite the increased interest of the life in- Midwest, South DIM to Get Rain B? THE ASSOCIATED PRESS Rain was in prospect for sections of the Midwest and South but plea*ant autumn weather prevailed in mo«t of the nation today. Sunnr an* mild weather was forecast for the second game of ttie World Series in New York. Warm, southerly winds from Texas northward to the Dakotas sent temperature* into the OOs this morning in the central and northern plakw state* and western parts of th« Midwest- The moisture-laden southerly winds from the Gulf north ra rd brought showers and thundershowers into the area. Rainfall, however, generally was light. It was a little cooler in the Northwest, and in the Ohio Valley eastward fco ."southern New England, where readings were in the 50s. Warm weather continued over most of the southern parts of the country. — r ^ Killing Birds CHARLOTTE, N. C. Ifi— A Charlotte naturalist says the lights of the city's airport may have brought death to hundreds of migrating birds. Birds of 15 different species have fallen to earth in the Charlotte vicinity this week. Mrs. Edwin O. Clarkson says birds, attracted by lights, fly around the beams until exhausted, then fold their wings and plunge to their deaths. Cardinal to Get His Freedom WARSAW. Poland UR — Stefan Cardinal Wyszynski, 54, confined just two years in a secluded monastery, be released "very soon"—perhaps in several weeks- Polish authorities said yesterday. The cardinal, arch enemy of the Communist' regime since church and state differences boiled over in 1953, has been held in a monastery in Bialystok, Warsaw officials disclosed. His whereabouts had been concealed even from the usually well- informed Vatican since he was arrested Sept. 26, 1953. He was reported to be in good health. Murder Suspect Ruled Sane DBRMOTT. Ark. dfl — Kenneth Nevels. 14, charged with the murder of his grandmother, has been declared sane by doctors at the State Hospital at Little Rock and will stand trial. Dr. E. H. Crawfis, superintendent of the State Hospital at Little Rock, sent his findings to Circuit Judge John M. Golden of Dermott, who committed Nevels to the State Hospital for a mental examination. Judge Golden said he would set a date soon for the trial. Young Nevels is accused of shooting his grandmother, Mrs, Melinda Nevels at the home of a friend Aug 19.,Police quoted the boy as saying he was "mad at her" for "telling on me," SAVE AUTO -° INSURANCE C«ittf»tete frro*Mtt«B — Claims Settled on Day Presented United Insurance Co. "Leading ft Fast Growing Agency" 111 W. Main Phone 3-KR12 Sen "DEI" Now r\ and Stop Worrying *y A NEW TEACHER OF PIANO Miss Olive Emerson Wbn bM stidied at Lamont School of Music tn Denver, Louisiana State University, and Philadelphia Conservatory, is now ready. U becifl teaching private lessons in Blytheviile. Studio at 628 W. Main Phone 3-8890 •' HOW COSTLY? T«r bMMtaN CMta* «* * k HOK MOM? tw pi M*. , >»nnnfi, cfetfw w< itectriul «pptuoc« xc **>ft fc| •>• NOBLE GILL AGENCY GLENCOI BLM. 3-614 ••7 BEAUTIFUL 5-PIECE CHROME BREAKFAST SUITE Large Family Size Extension Top Plastic Table with 4 Plastic Covered Chrome Chain Red - Yellow - Green Complete $8 Delivers - Pay Only $4 a.Month' LARGE IK. (HROME BREAKFAST SUITE • Big 36X60 Extension Top Table • 6 Large Plastic Covered Chairs Wonderful heat and acid resistant plastic top with 6 large chain to match. Full wrap-around chrome framei. Complete 1 Pieces $10 Delivers - Pay Only $5 A Month Small carrying charge on credit terms & SON Phone 3-4409 FURNITURE "Cash Talks at Hubbard's" Massive 7-Piece Breakfast Suite Table extends to 72". Can seat 8 or 10 people. Extra large 2-tone plastic chairs —with thick backs and heavily cushioned seats. Compare anywhere at 139.95. Colors Red — Green — Gray. 95 $15 Delivers - $7 A Month

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