The Courier News from Blytheville, Arkansas on July 19, 1950 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Wednesday, July 19, 1950
Page 5
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. WEDNESDAY, JULY 19, 1950 BLYTHEVTM-E, (ARK.) COURIER NEWS PACT Clamps Tighten on U.S. Housing Boom Truman's Order ' Restricts Credit To Curb Inflation WASHINGTON, July 19. (Pi — Clamps were tightened on the gov- dKtient-fostered housing boom to<i^ In a move to curb inflation and •ave materials for the expanding national defense effort. The pressure came from a Presidential order yesterday to restrict credit requirements on sales o f houses. II was due to be Jell by buyers, sellers, builders, public housing programs for low-Income families, college dormitory projects —in short, practically every non- mlUtary housing plan requiring government help. A 25 per cent jump In the minimum cash down payment requirec on houses sold with mortgages insured by Federal Housing Administration was a major immediate effect. Requirement Change Thus a man who last week coulc have bought a $10,000 house, will $2,000 cash and an $8,000 PHA-insured mortgage would have to pay $2,500 cash beacuse PITA would go only $7,500 on the mortgage. i Home-buying veterans, hitherto able frequently to get a ; seller's waiver' of any cash downpayment if they could get a mortgage guarantee from the veterans administration, faced tougher going. The VA prepared to require them ^^.pay at least live per cent of Wfi price in cash before guaranteeing their mortgages — provided the law would permit such a requirement. V A In wye rs studied the question under instructions to come up with the answer today, if possible. Two Example* These are only two examples of the restrictions on government housing-credit terms Mr. Truman ordered. Government officials predicted the action will take considerable steam o ; ut of the record-smashing housing boom by making it harder for buyers to acquire, for "builders to finance, and sellers to dispose of homes. The National Association of Home Builders, with 17,000 private builders listed as members, agreed, but promised cooperation toward achieving the President's aim of "substantial" curtailment. The savings in materials and manpower that might be diverted to the defense effort obviously would be sizeable. Housing units have been produced at a rate approaching 1,250,000 • year. Fifty per cent more were started under construction In the lirst half of 1950 than In the first half of 1949. Most Want Bargain Burial UJBBOCK, Texa* — (&)— Most people are Indifferent to the business of dying and would prefer a : low-cost funeral. j A survey made by W. J. Neal. ! student at the Texas Technological College, Indicates thr.t 67 per cent of all persons Interviewed were either against elaborate funerals. >r didn't care one way or the other. Olny 3:) per cent said they bought they deserved .an expensive burial rite. Divorcees and ''single men were he most Indifferent—75 per cent of the divorcees preferring Inexpensive funerals, including wooden caskets, and 91 per cent of the gEC men said they'd like to be buried In an old suit. AWKWARD AS A WHAT?—This actual bull that actually got Into a china shop at Malvern Worcester, England, did exactly what a bull in a china shop is said to do—but he didn't do It until he •was provoked. The scene, calling for mass destruction of china, was staged during the filming of a documentary film. The bull, named Maderfield Champion, behaved all too nicely until they brought in his girl friend (foreground). Then he went on a rampage and behaved like any bull in any china shop. Yes Men In Session BERLIN —(rtM_ Everybody votes "Yes" in East Germany's parliament. A "No" or abstention has never been recorded since the Volks- kammer (people's chamber) proclaimed itself the supreme lawmaker of the Russian Zone in October, 1949. In twelve regular sessions, the Volkskammer has harmoniously discussed 27 laws, three resolutions— find passed them all unanimously Non-Communists among the 330 deputies, who meet In Hermanr Goertng's former Luftwaffe Ministry in East Berlin, might have spoll- cd the record If there were a secrei ballot. But the Volk-skammer acts by show of hands. Iti Communist-ruled East Germany, the government claims to represent only the true national interests of the people. Thus, open opposition could be branded as high treason. Alabama City Outlaws Communists; 24 Hours Given to Get Out of Town Birmingham, Ala., July ID. (/F>— Communists, outlawed by the Birmingham City Commission, today had only 24 liours left in which to get out of town. Tim City Commission in an ordinance approved yesterday made membership in the Communist Party a misdemeanor punishable by 180 days in jail and a fine of $100. Under the new ordinance, passed inanimously by the three man commission, Communists were given 48 lours in which to leave the city's imils. The measure was Introduced by 'olice Commissioner Eugene "Bull" lonnor, unsuccessful candidate for e-nomination in the recent Demo- :ratic primary on a rabidly "white ,,,4 Lava from Mauna Loa stopped Af:-t half'a mile from the city of THUG, Hawaii, in 1881. RUB-A-DUB-DUB-One man in a tub is 72-year-old Biddy Stonham of Hastings, Sussex, England. Biddy has been entertaining seaside visitors with his water antics for 51 years, and during that lime has rescued 49 bathers from drowning. supremacy" platform. "If this doesn't clean them out," Connor said, "we'll try something else. Passage of the ordinance came on the heels of a t\vo weeks campaign against Connnunists'iti which Sam Hall, described by police as head of the Alabama party, was arrested on a vagrancy charge. Hall was convEcied in city court, given a $100 fine and sentenced to 180 days in jail. The conviction has been appealed. The ordinance makes unlawful the communication or voluntary association of anyone with "any person or persons established to have been a member of such Communist Party. fron Bed Safe In Storm ATLANTIC CITY—(/P)—The safest place to be in a lightning storm s in a incttalic bed. Etninet Cox, Chicago fire prevention expert, explained this to the annual meeting of the National Fire Protection Association, A '* htning bolt entering a room would follow the mclal bedstead onri leave its occupant unharmed, he wild. tton of .the cruise. Including two weeks pay and allowances for all hands. RITZ THEATRE Manila, Ark. BLYTHEVILLE'S ONLY ALL WHITE THEATRE. ^ USS CABOT AT SEA—The USS Cabot will be ."home" to a E roup of Mid-South Naval Air Reservists during their annual training duly beginning July 29th. This will be the first cruise aboard an aircraft carrier for Mid-South Naval Air Reserves. Reservists to Train on USS Cabot Frank N. Lewis of Blytheville will join more than 200 Naval Air Reservists from the Mid-South at the Memphis Naval Air Reserve Training Unit July 29 for the annual two weeks training duty. This year the training will be a- boarcl the aircraft carrier USS Cabot. The reservists are members o f Naval A i r Reserve Fighting Squadron 792, Attack Squadron 796 and Service Squadron 791. The group will fly eight transports, eighteen "Hellcat" fighters, and thirteen "Avenger" attack planes to Norfolk. Va., July 31. Following several days of operations from the Norfolk Naval Air Station, the Mid-South reservists will go aboard the Cabot for operations. The pilots will fly their planes aboard while the flight deck boats to the carrier which will be tied up in Chesapeake Bay. Enlist- crews will be transported via small ed flight crew members of the Attack Squadron will fly aboard ig their "Avenger" attack planes. The return flights to Memphis will be made on August 12. August 13 will be set aside for comple- SKYLINE SOON SKYLINE THEATRE Bfyfnevi/fe's Family Drive in Movie Admission 50c, Tax Incl. All Kids Free! ! Vi Mile North of iilythcville on Hiway 61 LAST TIMES TONITE Always o Color Cartoon DOUBLE FEATURE PROGRAM WfUMM u s J *•"*•» HAU • HtUCUN • JOHNSON • DEVI THURSDAY-FRIDAY' Red Skelton Priscilla I,ane 'A Southern Yankee" "BODYGUARD" MAKES 10 BIG COLD DRINKS Wednesday & Thursday 'SQUARE DANCE KATY' wilh Yeni Va^ue and Jimmie Davis News <S Short Air Conditioned By Refrigeration NEW "Your Community Center" MANILA, ARK. Matinees Sat. & Sun. l>h. 58 Wednesday & Thursday "BORDERLINE" wilh Fred MacMurray Wednesday DOUBLE FEATURE 'THE SAXON CHARM" with Robert Montgomery and Susan Hayward —PLUS— "THE GREAT SINNER" with Gregory Peck and AY» Gardner Also Cartoon Thursday & Friday —DOUBLE FEATURE— 'Border Incident' with George Murphy & Kicardo Monlbalm PLUS 'The Hunted' with Preslon Foster & Belita Also Cartoon Wednesday and Thursday Wednesday —DOUBLE FEATUKK— "BAD BOY" with lloyd Nolan * Jane Wyatt —PLUS— "THE THREAT" with Michael O'Shea Also Cartoon LIOYD BRIDGES • OSA MASSEN • JOHN NOAH BEERY, JR.-HUGH O'BRIAN.*. Mom* Thursday & Friday —DOUBLE FEATURE— 'Bomba, the Jungle Boy r wilh Johnny Sheffield & Chela PLUS 'The Crooked Way' with John Payne & Ellen Drew AIM CarUm WHITSITT'S Presents Their Semi-Annual WANT LIGHT FLUFFY BISCUITS THAT MELT IN YOUR MOUTH ? Sale Starts Thursday at 8:30 a.m. Air Conditioned for Your Comfort PRICE SALE What's On Sale? Everything That Hangs On A Hanger Dresses Suits Underwear Robes Sportswear Millinery Coats Blouses V Evening Dressr Brassieres Summer Bagr Swim Suits Also A Limited Group of Hartmann Luggage No Exchanges I . I No Refunds All Sales Final WHITSITT'S Because You Like Smart Things

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