The Courier News from Blytheville, Arkansas on September 17, 1954 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Friday, September 17, 1954
Page 5
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FRIDAY, SEPTEMBER 17, 1954 End of Stock Paring Could Go Long Way Toward Halting Slump By SAM BAWSON NEW YORK (AP) — Stock paring has been a chief preoccupation of businessmen this summer. But there are signs today that emphasis may be changing to re-ordering. When and if it does, it will go a long way toward official ly burying the slump. BLYTHEVILLE (ARK.) COURIER NEWS PAGE FIVE New York garment makers report that out-of-town store buyer; are here this week in volume — and ordering. The buyer total is Commodity And Stock Markets— New York Cotton (12:30 quotations) Oct 3489 3494 3478 Dec 3522 3526 3512 Mch 3536 3545 3531 May ....... 3548 3558 -3545 New Orleans Cotton Oct 3488 3492 3483 Dec 3520 3525 3513 Mch 3538 3544 3531 May 3549 3555 3545 3478 3513 3530 3545 3484 3513 3531 3545 Chicago Soybeans Sept ... 277% 279 y 2 273& Nov ... 266 266 & 263% Jan ... 268 7 / 8 269 & 267 Mch ... 271% 272 269& Chicago Corn Sept ... 1613/ 4 1621/2 Dec ... 152% 153"/ 8 Chicago Wheat Sept ... 2141/2 216 Dec ... 218V 4 219% 161% 1523/ 4 214% 218% 274V 2 264 2673/ 4 26914 162 V 2 1537 8 2J6 219 y 4 New York Stocks (12:45 quotations) A T and T 170 7-8 Amer Tobacco 60 5-8 Anaconda Copper 42 3-8 Beth Steel 77 3-4 Chrysler 64 1-4 Coca-Cola 113 Gen Electric 44 Gen Motors 84 1-8 Montgomery Ward 71 1-2 N Y Central 20 1-2 Int Harvester 32 3-8 Republic Steel 63 3-8 Radio 33 7-8 Socony Vacuum 49 3-8 17 1-2 Studebaker Standard of N Texas Corp .. Sears TJ S Steel 56 Sou Pac 45 7-8 J 99 1-2 76 70 1-2 Livestock NATIONAL STOCKYARDS, HI. (ff)~ (USDA)—Hogs 8,500; moderately active, mostly 25 higher; sows 25-50 higher; bulk choice 200260 Ib. 20.25-35; more at 20.25 after 200 or more early at 20.00; several loads choice No. 1 and 2 20.50; heavier weights scarce; 150-190 Ib. 18.75-20.00; few 190 Ib. up to So.25; 120-140 Ib. 17.25-18.50; sows 400 Ib. down 17.75-19.50; heavier sows 15.50-17.25; boars 12.50-17.00 . Cattle 1,200; calves 700; mAjor packers inactive and restricted outlet to smaller interests resulting in very little done; early bids un- 40 per cent higher than a year ago. And many are re-ordering apparel items that they previously stocked too cautiously. " Sales losses through shortages from over-cautious ordering is also reported by some store chains. The majority of the chains and mail order houses — except the grocery and drug chains — report August sales taking an -unexpected downturn. Some say they are reordering to fill in understocked items. Others say they are watching closely lest a sudden spurt in retail ordering lead to delivery delays by manufacturers. Government figures, out this week, show two trends -working against each other: 1. Inventories continue to fall at all levels, manufacturing, wholesaling and retailing; 2. Over-all industrial output ontinues tc lag about nine per ent behind a year ago. Sooner or later the twain will meet. Spending- ' Log- Less At the same time, consume spending, in general, is tfailin ast year's figures by a much smaller margin than is production Sooner or later that gap also wil have to be closed. What merchants and manufac turers alike would like to know is When? The inventory slashing has been the heaviest in the durable goods such as appliances. It has been he least in the soft goods which in the main have been moving, along better from factory to fina ionsumer purchase. Re-ordering by the apparel buy ers just now is seen as a sign hey expect retail business to pick up with the approach of cool veather. Some of the appliance makers also report that re-order- ng has increased in recent weeks. The continuing boom in home building is their most cheerful prospect. Statisticians Cautious Washington statisticians, however, are more cautious. Their last figures are those for July. It showed inventories still being slashed sharply. But sales fell off too, so that stocks at the end of that month were still higher in relation to sales than they were at the same time a year earlier — GUNMAN SLAIN AS HOSTAGE "SPINS AWAY — Rifle carrying H. B. Long, an escapee from Arkansas State Hospital, is slain by off-duty po- trolman Gene Smith, right, as Mrs. A. D. Lynn, arms clasped to back of head, spins away from her captor as they emerge from the Lynn home at Little Rock, Ark. Long, 42, had marched Mrs. Lynn onto her porch and shouted to police to come and get him. As he died, Long muttered: "Thanks, fellas, that's good enough.'" This picture was made from movie film shot by KARS- TV cameramen Chris Button and Luis Oberste. (AP Wirephoto} run; some sales bulls about steady but very little done; utility and commercial bulls 1200-13.50; canner and cutter bulls 8.00-11.00; veal- ers steady; few high choice and prime 20.00-21.00; good and choice 15.00-19.00; commercial and good 11.00-15.00. Crop Income Dips 5% in Past Year LITTLE ROCK (#) — Arkansas farmers saw a 5.3 per cent drop in sales between 1952 and 1953. Agricultural Department Statistician Miles McPeek reported yesterday that farmers received $563,298,000 from the selling of their products in 1953 while in 1952 sales amounted to $594,821 ,-000. McPeek said that livestock sales totaled $180,751,000 in 1953, compared with $202,140,000 in 1952. During 1953 the marketing of crops brought in $382,547,000 while market crops in 1952 brought an ir.come of $392,681,000. accounting for the lack of heavy re-ordering at that time. It will be two months before the Washington statisticians tell us what the sitution is now. But many businessmen seem to think the situation, both as to sales and to stocks, has changed. And many are watching delivery changes closely. When re-ordering does start in volume, economists say, it will have a chain reaction. If manufacturers' order books fatten out smartly, they'll step up production schedules, and also increase their own reordering of raw materials. It will mean more jobs, or longer work, weeks, for many workers. It will mean more jobs, or longer Work weeks, for many workers. Fatter pay checks will keep store sales going. That is why Washington keeps such a close watch on inventories. Communion Service Set For Episcopal Church A service of Holy Communion will be conducted at 11 a.m. Sunday at St. Stephens' Episcopal Church by the Rev. William F. Hays, rector of St. James Episcopal Church in Jonesboro. The St. Stephen's congregation has been without a priest since the resignation of the Rev. W. J. Fitzhugh this summer. Taking 2nd Wife Stirs Trouble for Indonesian Chief JAKARTA, Indonesia (J?) — Indonesian President Soekarno, a good Moslem whose religion allows him four wives, has taken his second. Wife No. 1 and the young republic's feminists are furious. Sources at the presidential palace said the 54-year-old president, a pioneer leader of the Indonesian revolution, had married a Mrs. Hartini, a divorcee and mother of Cotton Consumption in August Averages 33,372 Bales a Day WASHINGTON tffl — The "census taled '667,443 bales and of linters bureau reported today cotton consumption for the period of Aug. l- Aug. 28 averaged 33,372 bales for each working day. This compared with an average of 36,369 bales for the correspond- a year ago, and the July period with this ing period 28,556 for year. Consumption August period compared with. 542,577 in the July period and 727,387 a year ago. Consumption of lint for the one- month period ending Aug. 28 to- of cotton in the was 667,443 bales, 111,727 bales. This compared with 727,387 and 129,699, respectively in the corresponding period a year ago. Cotton on hand Aug. 28 included: In consuming establishments 1,025,075 bales of lint compared with 1,236,999 a year ago. In public storage and at compresses, 8,340,420 bales of lint compared with 3,755,301 a year ago. . Cotton spindles active on Aug. 28" totaled 19,306,000 compared with 19,286,000 on July 31 this year and 20,081,000 on Aug. 29 a year ago. Continued from Page 1 ing atomic and hydrogen bombs and other weapons of mass destruction. They also would limit the size of German forces and generally ward off any chance of new German aggression. was reserving the American position on Eden's bid to widen the 50-year -Brussels Treaty. That pact, signed before the Communist menace was Europe's No. 1 problem. is directed specifically at any new German aggression. The United States would want to see details of the revised version, Dulles said. French Premier Pierre Mends- France, on the other hand, accepted the idea of widening the Brus- Eden said that details of the pro- \sels alliance. But Paris dispatches posed alliance would be taken up at a conference informants said would be held in London in about two weeks. Representatives of the seven West European nations are slated to attend along with the United States, Canada and possibly Norway and Denmark. If this conference produces agreement, a special session of the TATO Council of Foreign Ministers nil be called to take the decision n admitting the Germans to the forth Atlantic Alliance. The Unitd States and France have withheld outright backing of he proposal — but for different •easons. Revision Sought The United States is fully behind he idea of bringing a rearmed' Germany into NATO. But Dulles aid in Washington Wednesday he ive children, in a Moslem ceremony last June. Mrs. S. Kartowijoni, chairman of he women's organization Perwari, aid Soekarno's beautiful 29-year- Id first wife, Fatmawati, had not greed to her husband's second marriage and is ready to seek a ivorce. Fatmawati and the presi- '.ent have four children. suggested he laid down some tough conditions for French approval of Germany's entry into NATO. Among them — firm British- American pledges not to pull their forces out of Europe and a NATO guarantee that French and German military parity would be preserved. Dulles conferred nearly seven hours in Bonn Jast night with Adenauer on the knotty problem of how to give • the Germans sovereignty without alienating France. Dulles plans to return to Washington tonight after his talks with Eden, but informants said he may call on Mendes-France if such a visit is deemed necessary to bring the French into line. Dulles' decision not to visit Paris—though he \ _ blamed it on having to be back for j the U.N. Assembly in Nw York— i aroused considerable criticism in ' the French capital and in London. (Continued from Page 1) involved both fission (atomic) and thermonunclear reactions—the latter a term used by scientists to describe a hydrogen explosion. Strauss, commenting last August •on the 1953 Soviet experiments, said the Russians ''tested a weapon or device of a yield well beyond the range of regular fission weap- t ons and which derived a part of' its force from the fusion of light elements." President Truman first announced in 1949 that U.S. detection agencies had learned the Soviet Union detonated an atomic bomb in October of that year. In October, 1951, a White House announcement spoke of "another atomic bomb' 1 being set off somewhere in Russia. Later Truman's presidential press secretary, Joseph Short, announced evidence of a third nuclear explosion by the Soviets. Unofficial information indicated in recent weeks that American scientists were showing a particular watchfulness for possible new Russian tests. Dr. Ralph Lapp, a scientist connected with early U.S. atomic projects but now outside the government, has speculated there are three possible means of detecting distant atomic blasts with sensitive instruments: (1) earth shock or "seismic effect" (2) noise or "sonic effect" and (3) radioactivity. BREEZY POSE FOR MARILYN — Marilyn Monroe poses for photographers at 52nd Street and Lexington Ave. on Manhattan's East Side. She was at the site for the scene of her new picture,. "The Seven Year Itch." Scene called for Marilyn — Mrs. Joe DiMaggio in private life"' — to stand over a subway grating under which fans were placed to provide the breeze necessary to blow up the blonde actress' skirt in the scene. (AP Wirephoto} odist Chitrch here. The Rev. E. J. Eolifield, superin- tendenr- of the Jonesboro District of the Methodist Church, will preside. Churches that.will participate in this conference include Wesley Memorial, Gosneil and Half Moon. Read Courier News Classified. Ada. Heartburn? Heavens, doesnr she Laborite Raps Foes of Arms For Germany STRASBOURG, France (J?) — A British former foreign minister, Laborite Herbert Morrison said today the slogan'"no arms for Germans" may be emotionally gratifying but ii is unrealistic. He acknowledged that his own party is split on German rearmament, but reaffirmed that- its official policy is that West Germany- should contribute to Western defense in a way that would prevent revival of a German military menace. Morrison was speaking in a debate in the 15-nation European Consultative Assembly on what to do now that the French have rejected the European Defense Community treaty. Earlier British Conservative Delegate John Maclay had advocated full membership for West Germany in the North Atlantic Treaty Organization as the quick and safe way to solve the problem. August Traffic Toll: 35 LITTLE ROCK IB — Thirty-five persons died in traffic accidents in Arkansas during August, the State Police Department reported today. Methodist Church Conference Set The first quarterly conference for three Methodist Churches in this area will be held at 2:30 p.m. Sunday at Wesley Memorial Meth- When f a voritef oods give you gassy heartburn, nothing beats a handy roll of Turns in pocket or parse. For Tarns give record relief from. sour stomach and acid indigestion —yet cau'r over-alkalize, can't cause acid rebound. Toms require no water, no mixing—take them anywhere. Get Tums today. So KOOOKtkct only jQ{f c g. 25 jt GREYHOUND TERMINAL Forfeits Speeding Bond Earl Sessler forfeited S10 bond in Municipal Court this morning on a charge of speeding. KEN G£&&W, KING SIZE OWEN'S DRUG STORE 3rd and Main —What is the last name of "Ray", owner of RAY'S FLOOR CENTER located on Main Street? . . Who is the bookkeeper? •the more folks with whom you "fet Acquainted"—the more enjoyment of life will be your*. In business and in social contact* "knowing the persons BY THEIR NAMES" Is most important -LETS GET ACQUAINTED" ... will feature PEOPLE, those friends of yours at our placet of business who serve your daily •eeds! ! ! LOOK...FIT...WEAR UNION MADE 37 Matched Shirts and Pants It's easy to look your best in Big Smith matched shirts and pants. They're tailored with dress collars and sleeves and tails graduated in three lengths. Pants are sized from 29 to 50 waists, all lengths! Choice of button or zipper fly. Rugged, Sanforized, colorfast materials. "If It's Big Smith—It Fits!" JOEL'S Try Lowe's Take-Home Pac Large 2 Lb. Fryer—Barbecued With Potato Salad—6 Delicious Rolls—Eddie's Barbecue Sauce—Hot Wrapped to Go— Enough for 4 people. Call 3-4597 Between 8*3 A.M. for Noon Servic* or Between 1 & 2 P.M. for « O'clock Eat* Folks ore Pouring into THOMPSON JEWELERS, 114 W. Main St. For The Greatest Sale Ever Held in Blyrheville! Save Up to 75% On all Watches, Diamonds, Costume Jewelry, Pens, Appliances. FREE GIFTS FOR EVERYONE! No Purchase necessary. Don't Miss This Sale!! Remember The Name & Place! Thompson Jewelers 114 W. MAIN

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