The Courier News from Blytheville, Arkansas on January 16, 1956 · Page 3
Get access to this page with a Free Trial

The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Monday, January 16, 1956
Page 3
Start Free Trial

MONDAT, JANUARY 16, 1999 (AKK.y COURH5R KBWI PAGE THREE Auto Industry in Business News Spotlight This Week By SAM DAWSOK NEW YORK (AP) — The auto industry drum-majors the business parade this week — even stealing part of the show from President Eisenhower's budget message. In the glittering line of march»are: a theatrically spectacular display of the cars of tomorrow, the sale to the public o! the biggest block of 'common stock ever offered on one day, an expected report on future expansion plans— and, as an undertone in a minor key, the layoffs of more than 12000 auto workers. This two-way stretch between the auto industry's slightly contracted present and its hopes for an expansive future—as well as the State Of industry ii) general—Ig h» Ing aired today before leaders of the nation's business. General Motors chairman Alfred P. Sloan Jr. and president Harlow H. Curtice invited 400 top industrial bigwigs to luncheon here today. It's an annual affair at which they forecast the prospects of auto production a.nd sales for the new year (they think the pace will be some 12 per cent slower in 1956) and put on public record their guesses as to how the rest of the nation's business will fare. They also discuss GM's own plans for future expansion. Broadway-Type Revue Later in the week the motor giant will open to the public its array of current models, and the experimental cars its laboratories are toying with — the whole wrapped up in a Broadway-type revue, dancing girls and everything. Then Ford takes the spotlight. In midweek it will offer to the public a block of more than 10 million shares of common stock, part of the holdings of the Ford Foundation. Some 1,500 securities dealers will handle the stock offered through 722 underwriting houses. By the end of the week the nation's biggest family-owned corporation will have become a public-owned enterprise publicly owned even i? still family controlled. And a new phase of the bitter competitive battle in the auto industry will be under way. All auto companies will be publicly owned —their fiscal affairs equally open to public scrutiny. AH of this week's glitter in New York is against a background of contraction in Detroit. Sales of 1§5G models have proved sticky. The stockpile of new' cars in dealers' hands jumped at year's end to more than 700,000 cars. It is the most that dealers have ever had on hand as a new year started. Detroit has been clipping the length of work weeks and has started pruning payrolls. At the start of this week General Motors' work force had been cut by 3,900 Ford's by 4,600 and Chrysler's by 3,581. . ' . . . Bad weather gets parts of the blame for the drop in sales. Used car sales also have slipped, even though prices on many makes have been trimmed, t "for the first time in history, one-year-old cars are being purchased at 50 per cent of cost when new," according to the Automotive Digest issued by Pacific Finance Corp. But the auto industry isn't daunted^ DM, Ford and Chrysler chiefs .are in accord on one thing, at least: agreement that 1956 will be a good year, if less feverish than 1955. Studebaker-Packard executives Spo/fi's'Top Financier Finds Way to Official, Public Praise By LOUIS NEVIN MADRID; Spain UK — Juan March, Spain's greatest financier, at last has found »the way to official and public praise. To do so he established a foundation for char' Although he previously has been noted more for grabbing—especially foreign-owned corporations ' — than for giving, March won' the ultimate in approval from the austere official Bulletin of i the Spanish government when • it announced authorization of the foundation by the Interior Ministry. "The initiative of the founder," said the Bulletin, "is undoubtedly an idea worthy of the higHest praise and greatest esteem by the state,, since it responds to a high degree^ of disinterestedness, benevolence and preoccupation with improvement of the economic conditions of the needy classes and for the aggrandizement of national culture. . . ." Nearly J9 Million March endowed his foundation with the equivalent of almost nine million dollars. The fund seeks to "contribute to the knowledge ad solutio of , the problems - that •affect the future of humanity." The foundation's grants are for Spaniards only. This year it will give 10 prizes of $13,500 each to outstanding Spaniards in the arts and sciences —and some $19,000 for the support of orphans of newspapermen and to aid newsmen's benevolent associations. The press has been enthusiastic in its praise. March is now 76 years old. The son of Catalan peasants, his first job was as 1 a stevedore on the docks of Palma de Mallorca. There is a legend that he got his first stake by smuggling. He amassed enough capital to per- suade'the monarchy, to grant him the tobacco monopoly for Spanish Morocco. Controlled Bank! His troubles with officialdom .were frequent thereafter, even though he boasted he controlled every important business concern of Spain's Mediterranean seaboard. Certainly he gained mastery of dozens of Spanish banks and industries. The Spanish Republic accused him of getting the-tobacco monopoly illegally and imprisoned him. He escaped to Gibraltar, then to France.-.but was brought back. 'Disfavor was wiped out in the early 30s when he became. a supporter and;reportedly the financial backer of Francisco Franco's rebellion against the republic, But for the past 10 years he has been in trouble over his capture base their optimistic hopes on a new three-year labor contract that improves its competitive position. American Motors officials hold that much of the financial problems that dogged them have been solved now; All of them will be tooting their horns loud this week. of the 350-raillion-dollar. Barcelona Traction, Light and Power Co., owned largely by' foreigners and incorporated in Canada. March was accused of having used the Spanish government to put over his' coup. Hft d^^'^d it vehemently, saying he was just a good businessman tending to his own affairs. He kept the corporation, but his success served to discourage foreign investment in Spain. " There never has been ah authoritative, estimate of March's fortune OSCEOLA NEWS By Betty* Nell* Starr I Church Short Over $100,000 Mrs. M. P. Rodgers ind daughters, Mary Frances and Lorene, were in Mission, Kans., over the weekend to visit another of Mrs. Rodgers' daughters; Pam. They returned home Monday night. Those in Memphis for the day Tuesday were Mrs. Ed Wiseman, Mrs. David Laney, Mrs. Tal Tongate and Mrs. J. A. Pigg. Mrs. Ed Quinn will spend the weekend in Memphis with her son, Wade Quinn, and family. Mrs. Quinn went down especially for her son's birthday dinner Sunday. Mr. and Mrs. Roy McCauley of New Orleans were in Osceola during the week visiting Mrs. .Jim Bunn and Mr. and Mrs. Mike Nailling. Mr. and Mrs. O. B. Moore and son Phil were Little Rock business visitors last weekend. Mrs. Allan Segraves was hostess Tuesday to her bridge club. Mrs. Charles Lowrance, m, Mrs. Frank Rhodes and Mrs. Bob Nelson were special guests. Winning in the bridge games were Mrs. John B. White, high and Mrs. Jim Hyatt, second high. _, . , i-i ttuu MiiOi, ujiii jtij-aii-,- aci'i/uu me**. but many Spamards are sure he is M ; Segraves £er ^ ed a dessert one of the world's richest men. He • ° is said to have learned to read when he was 40. Youna Reservists Get Their Coons FT. KNOX, Ky. WO—The raccoons In this neck o! the .woods—what's left of 'em—must have thought an army of Davy Crocketts passed through Saturday night. But it was only Brig. Gen. Samuel L. Meyers and some 75 pre-draft- age reservists, mostly Easterners The , members of the Christian Church held a Fellowship Supper Wednesday evening at the Masonic Hall. . .. • Mrs. L. C. B. Young and Mrs. Ray Morgan were in charge of the arrangements. Music was provided by the Junior Choir of the church. Mrs. H. E. Phillips was hostess Wednesday to Chapter O PEO Sisterhood at her home on Reiser Street. Mrs. Harold Ohlendorf was in charge of the program. Refreshments were served at the conclu- who had never been on a coon hunt. [ sion ot t ne business meeting. Geri. Meyers, commander of the i - _ training center, was impressed with Mrs j B CuUom, Jr., of Wila marksmanship score turned in, by son complimented her , husband the 17 and 18-year-olds, so he in- , evening when she invited ' vited their company to hunt coons three couples fn for a chow.'mein with him. The party brought in 15 coons. Gun Accident Injuries Two HENESSEY, Okla. (If) —Two teenage cousins narrowly escaped seriously Injury yesterday in a hunting accident near Bison, Okla. Leroy Fuksa, 15, said he was holding the barrel of a .22-caliber rifle dinner 5 in honor of his birthday. The dining table, where the eight were seated, 'was overlaid ,by a handmade pink linen tablecloth, embroidered in silver threads. A pedestal milk glass compote was Silled with bunches of pink and white frosted grapes and flanked with silver candelabra holding burning pink tapers. Following the dinner, the guests played bridge. Mr. and Mrs. Koath Harwarg and Mrs. Bettye Nelle Starr will and poking at some brush with the , leave Sunday to drive to Houston, stock of the gun when it discharg- Tex. to spend three days. Mr. and ed The bullet struck Bob Fuksa, I ^f rs. Harwarg will visit Mr. and 14, in the right hand below the little ! Mrs. Joe Applebaum. Mrs. Starr Jinger, then hit l*roy on the left] will visit her son, Bill Beall, and wrist, cutting his watchband he left] w in two f for the corrective treatment. The children are those who failed to pass audiometer tests sponsored by the Auxiliary in the public schools. At yesterday's meeting' of the group, held at the Seminole Club, Mrs. Nathan Weinberg. announced that authorization forms would be presented to the parents for signatures, granting permission to the Auxiliary to carry through on medical assistance. The children will be re-examined by ear specialists whose recommendations the Auxiliary will act upon. The Osceola Kiwanis Club will bear the expenses of the treatment. Auxiliary members will do all of the necessary work of securing the authorizations and taking the children to the physicians. Mrs. Jim Hyatt reported yestet day that the Auxiliary is ready to resume eye testing of children through the sixth grade. Before closing the meeting, the new constitution and by-laws were ratified by the chapter. Milwaukee Fire Fata I to Six MILWAUKEE (Si — P 1 a m e S roared through an old three-story apartment building near City Hall yesterday, taking the lives of lour children and two adults. Firemen used . aerial ladders to reach smoke-filled, corridors and rescue' 22 of the 53 tenants in the structure. Several, tenants leaped from windows into rescue nets. A 3-year-old girl was dropped from a second story window right into the arms of a spectator. The dead were David Root, 12; Ellen Root, 14, and Karen Boot, 16, all children of Mrs. Helen Rosco- vius, 39; Gerald Oscowicz, 12; Martin Jaraczewski, 75; and Mrs. Dorothy Kinney, 26. Thirteen persons were hospitalized. None were reported in serious condition. Cause of the fire was not immee- dlately determined. Fire Department officials estimated real estate damage at $75,000. Descendants All yellow and blue gladoll are deseoendants of few mutants which appeared- at one time from the stock of red, white, and pink- flowered plants. Luck Runs Out . On'Brave'Lad PRICE, Utah (Si — Joseph C. Ciarus, 16, wanted to prove he wasn't afraid. Sheriff Albert Passic says three The shortage was discovered at-1 friends of Ciarus told him the ter the death Nov. 28 of Andrew C. y0 uth suggested a game of Rus- Schnack, treasurer of the Central S j an roulette yesterday. He took his Illinois District of the Lutheran I empty, 22-caliber revolver and Church, Missouri Synod, and pres- j showed them how to play. QUINCY, HI. tf) — More than $100,000 is believed missing from a Lutheran church account in the Mercantile Bank of Quincy. ident. of the bank. The exact amount will not be i known 'until an audit is completed' in about three months. Then, to show he wasn't afraid, he put a single bullet in the gun's cylinder, pointed the weapon at his head and pulled the, trigger. Noth- , , . The shortage was announced j n g happened. He did it again. Sautrday by the bank. The bank did not estimate the loss, but the Quincy Harald-whit learned from Again nothing happened. Next time, however, the gun church officials that were it would run "into six Jig- indications fired, sending a bullet into his Plane Skids, No One Hurt HTJNTINGTON, W. Va. (/P)—Skidding on hard-packed snow during a routine landing, an Eastern Airlines Silver Falcon with 32 passengers and a crew of three left the runway at Huntington Airport last night and narrowly missed plunging 400 feet in a ravine. The twin-engine plane, en route from Louisville, Ky., to Charlotte. N. C., did drop onto a ledge in scrub growth some 60 feet below the runway, but all aboard escaped injury. The passengers continued to their destinations on another .flight. brain. He died three hours later in a hospital. Hew Film Budget HOLLYWOOD (/PJ—A budget of 22!4 million dollars for 11 films to be produced the first six months ot this year was announced today by BKO Eadlo Pictures. The studio is returning to full production after a long slack period. The bandy-legged whooping crane is the largest bird on the North American continent. GETTING UPNIGHTS jfLrtS.* M^SaSt weakness" [Gttttoi Up NIGhts (too ing urination) due to common toll ' :e to common K-ianey aaa »"» uu =Vi" lions, try CTSTEX'loi I" 1 '*;*'""''??: mforling nelp. A billion OYSTEX t«Vj!efc» satisfaction or money-back guarantee. Sir Hubert Wilkihs made an attempt to explore the Arctic ocean in a submarine during 1931. He used an old American naval submarine, renamed the Nautilus. Dangers of Colon Troubles FREE BOOK—Explains related Chronic Ailments Learn about Colon troubles, Stomach conditions, Piles and other rectal conditions. Causes, effects and* treatment, 130 page book sent FREE. McCleary Clinic and Hospital, D122 Elms Blvd., Excelsior Springs 3, Mo. Wells-2" to 16" Irrigation - Industrial - Municipal - Domestic WATER is our BUSINESS We Drill For It Pump It Soften It . Filter It Cool It Irrigate With It GINNERS-TAKE NOTICE: Let us furnish your water needs for fire fighting power unit cooling, for statifiers. HOME WATER SYSTEMS 3 Years to Pay Complete iron removal, filtering and softening systems built to fit your needs. We have the answer to your needs for greater, water volume and pressures. • McKinnon Irrigation Co. Phone 112 or 190 — Manila, Ark. amily. and lodging in his forearm. Both | Osceola's Junior Auxiliary will boys were treated at a doctor's office \ offer medical aid to eight children and released. whose parents are unable to pay Asthma Formula Used Most By Doctors Now Available Without Prescription Stop* Attacks in Minutes... Relief La*U for Hours! N.w Y.A. N. v. (s pw: i.i) -•- Medical New Primatene opens bronchia) science has developed a new, tiny tubes, loosens^mucoas congestion, re- tablet that stops asthma attacks . . . lieves taut, nervous tension. All this and gives hours of freedom from r«- -without taking painful injection!, currencc of painful'asthma spasms. The secret is Primatane combines Authoritative medical tests proved J medicines found most effective in this remarkable compound brings combination for asthma distress, blessed relief in minutes, lasts Hours. Each performs a special purpose. Thisformulaisprescribedmorethan So look forward to sleep at nipht any other by doctors. Now, asthma and freedom from asthma spasms ... sufferers can obtain this formula —,<jret Primatene, lit any drugstore. without prescription - in tiny, easy- Only 98^-money^back: guarantee, to-take tablets called Primattm*. '* filM5.Whii«hiHPli»n««alCwBp«nj TnfeUjut You Can Own Your Own Home HOMES FOR SALE Two, Three And Four Bedrooms Complete with All Fixtures Bathroom, Kitchen Sinks, Hot Water Heater and Space Heaters Completely Remodeled (like new) Inside and Out If You Own Your Own Lot- No Down Payment Is Necessary All You Pay Is Moving and Closing Costs. Delta Home Investment Co. BlythtrilU, Ark* OPEN WEEKDAYS AND SUNDAY t AM, to o (Formerly Vtttrani Houiiitf Quorttn) Pheml.JMt WILL CONTINUE We Will Be Closed Today, Monday, to Re-Group, Slash Prices to a New Low! We Will Re-Open Tuesday. EVERYTHING MUST GO! PRICES CUT AGAIN We Mean Business! Here Is Just One Example! One Only GIBSON 14 » Deep Freeze, Fiberglass Insulation. Guaranteed in Perfect Condition! . Was. $37995 Now On/y ALL SALES CASH -ALL SALES FINAL ALVIN HARDY Furniture Co. "Complete Home Furnishers' 113 E. Main Phone 2-2302

Get access to

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free