The Courier News from Blytheville, Arkansas on October 11, 1955 · Page 4
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The Courier News from Blytheville, Arkansas · Page 4

Blytheville, Arkansas
Issue Date:
Tuesday, October 11, 1955
Page 4
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FACT FOUR BLYTHEVTLLE (ARK.)' COURIES MEWS TOESDAT, OCTOBER 11,1988 Tight Money Having Some Affect on Booming Business By SAM DAWSOV NEW YORK (AP) — Tight money is slowing down some phases of the business boom. Some of those being pinched, such as home builders are complaining. But in retail sales the effect isn't yet apparent. Consumer credit continues its steady rise and installment debt stands at record levels. ,ANILA NEWS By Mrs. James Felts I Businessmen are paying the most for loans from New York ] banks since September 1953. Thej Federal Reserve Bank of New 1 York reports average rates here rose sharply in the first half of September to 3.48 per cent. This results from a firmer money policy of the Federal Reserve System. As interest rates rise, the prices of US Government securities fall Banks often sell such securities to get money for loans to business. But if they sell them now they must take a loss, and that makes them look twice at a businessman s application for a loan. Mortgage Terms Tightened The rapid rise of home mort- caees to record levels caused the -------- — - Rev. Guy D. Masee, pastor of First li;ipust Church, announced that the church had purchased a set of Nor'.on Tower chimes cost- in? Sl.tM5. These chimes are automatic and will play three times daily. 8:45 .i.Mi., 12-00 noon, ar.d 5:00 p.m. T;iov are connected to the Baldwin origan and Deairan chimes in- I side t'ne church. j The .set will also serve as a public ;iciuress system and will relay j :he '.viirship services to all parts of I the building. Several busieiiss firms, in Manila Phenix City Murder Suspect Surrenders to Authorities ^HENIX CITY Ala Wl — Former on a habeas corpus petition seeking -hree miles out of town. AUy. Gen. Si Oarrett is back in I bond for Ga.-rett \Hiile he is await- Alabama and behind bars here, vors were miniature wedding bells in blue and white. A birthday dinner was given Sunday for Mrs. James Rogers at the home of her grandmother, Mrs. Lula Williams. Pre-i'iit were Mr. and Mrs. Herman Williams, Mr. and Mrs. James Hou'crs and son, Cecil, of Memphis, and Mr. and Mrs. Ar- temns Holt and sons, Phil, Kerry and Lyle of St. Louis, Mo. Miss Bobbie Jean Woodall. who has 'boon employed in California for nir.e months, is here visiting her parents. Mr. and Mrs. Herb Woodall. She will visit until Christmas, then return to California to be married. Cotton for Tourists Brings Objection CUBA. Ala. tfl — Joe B. Klllian planted 16 rows of cotton to draw tourists to his service station and souvenir stand. Now it has drawn the eyes of the u. S. Department of Agriculture, and Killian is in a first-class dispute with the government. Agents of the Agriculture Department say he owes a fine of $6.37 for planting the crop without a government cotton allotment. They estimated it will yield 3ft pounds of cotton. 'They can't understand that I want to grow cotton just to give away to tourists," Killian said yesterday, somewhat baffled. Killian wrote Secituiry of Aeri- eratioll. culture Ezra Tuft Benson a registered letler giving his side of the controversy. The letter was referred back to the local cotton office at nearby Livingston, which now has the dispute under consld- and speculation mounted today on whether he will stand trial for one of the state's most sensational murders. Garrett was clapped in the Russell Coriun W/ a ", ^'•, dva -\ anf ' erahne surrendered voluman > and an ins trial. • Some legal sources .contend the case against Garrett was seriously weakened by the acquittal of another murder defendant. Arch Ferrell, former solicitor for Russell County. Former-Chief Deputy Sheriff Alien Fuller, indicted for firsr-de- Mrs, Viola McDonald and Mrs. Dovie Gates, school lunch supervisors of Manila school, and their co-workers, Mrs. Mae Davis. Mrs. Haze! Bacon, Mrs. Lena Williams. and Mrs. Alonzo Fleeman and Mrs. Leonard Phillips, supervisors of school lunch room, n _ [ bert Fuller, indicted for nrsi-ae-j t i !e Blackwtuer sc LJ S - gree murder with Garrett and Fer-j ^ n ^ jj rSt Albert j rell, was convicted last spring and j Miiligan school, a government to tighten up •on mortgage terms, the tighter credit i hold. Home building contract volume was cut back in September to a point 6 per cent below the tota pTterso'n. Democratic nominee for I * °™ serving a life sentence. Bas5ett ol - ttended the little I attorney general who had prom- B ^ e ^drsed'io J cieVru'p"'phen"ixc'iTy. r """ j$y m i n gt O nCalls ' Garrett's statement, i s s u e d j * — through his attorney, said he is i cured of the mental illness that has kept him in a sanatorium in I for September 1954, F. W. Dodge Corp. construction specialists .report today. It was the first time since December 1953 that their monthly figures failed to show a gain over the corresponding month of the year before. There's usually a lag of one to two months between contract awards and the start of construction. The building agency looks lor home starts to taper off the rest of this year. Will Move Swiftly The government apparently is attaining its objective of an "inflation free" level of new home building of between 1,200.000 and 1,300,000 new homes a year, Norman Strunk. executive vice president of the TJ. S. Savings and Loan League, says today. But he thinks the government will move swiftly ft home construction drops very far, and we may "have switch back to easier money early next year." by Many builders, however, are complaining nbout the shortage of mortgage money. They say plans for future home building are being shelved in some cities. Dr. Arthur F. Burns, chairman of the President's Council of Economic Advisers, expresses general satisfaction with the way credit restraint* have worked out so far. DEVELOPED SCIENCE Georges Cuvier, French scientist, Who made a lifetime study of living and fossil animals, is credited with the development of the science of paleontology. Fully Automatic yet PRICED with the Galveston, Tex., for the past year. Circuit Judge J. Russell McElroy of Birmingham, the special judge who already has presided at the murder trials of two other men indicted in the Patterson killing, scheduled a hearing here Friday Most of Nation Clear and Warm By THE ASSOCIATED PRESS It was a little cool and wet in parts of the Northwest but skies were mostly clear and temperatures above normal tn most other parts of the country today. It was near summerlike weather in much of the nation yesterday, with record temperatures for the date in many cities. It. was 92 in Glasgow, Mont., and 90 at Williston, N. D. The day's high reading was 101 at Gila Bend. Ariz. The cool air today was confined to the Northern Plateau and northern Rockies. Temperatures dropped to the 40s and upper 30s. Snow fell at Mullen Pass, Idaho, which reported 29 above. Temperatures were in the 50s and 60s this morning in most other parts of the country. Off Meeting Of His Backers ST. LOUIS OP)—Plans by supporters of Sen. Stuart Symington of Missouri to discuss a "Symington for president" campaign have been called off at the senator's request. D. W. Gilmore, Kansas City insurance man and former state senator and circuit judge, had sent invitations to a small group of the senator's backers and state Democratic leaders for a meeting on the proposal at Sikeston, Mo., next Saturday. Symington said yesterday that when he received the letter about the meeting, he wrote Gilmore requesting no such meeting be held. mm! convention of :he Arkansas Scholo Service Association in the auditorium and cafeteria of the senior high scool in Jonesboro, Saturday. Mrs, Jimmy White, the former Miss Mary Ellen Bray, was hon- I ored with a miscellaneous bridal shower at the home of Mrs. E. L. Parks, Monday night, Oct. 3, at 7:30 p.m. Mrs. Enoch Bray, mother of the bride. Miss Inez Whitney, Mrs. White, and Mrs. Park greeted the 25 guests as they arrived. The entertaining rooms were arranged with blue batchelor buttons, white lillies and giant red zinnias on th bride's table, which was covered with a lace cloth over pink satin. Mrs. James Bullard pinned a corsage of red rosp,s on the bride, a gift from the hostess. Miss Inez Whitney was In charge of entertainment, prizes being won by Mrs. John Edwards, Mrs. Jim- Mr, and Mrs. W. H. Weston ol E>evv.-:u uu> :t -:i^ . i( in.->, m ;>i<uum Grange Ciiv. 111., and Miss _ Kay and out-of-town contributed to the Lyons of S-. Louis, Mo., visited of the chimes. The i friends and relatives in Manila last chimes have been heard two to j week end. Mr. and Mrs. Weston and Miss Lyons were en route to Miami, Fla., for a vacation. Mrs. W. A. Thieme and daughter, Mary Jane. Mrs. Arline Robertson, Mrs. H. D. Alston and grand da i^luer. ' Elizabeth Ellen Towles. were in Memphis Tuesday Mr. and Mrs. Max Lange of Boulder City, Nov., are visiting Rev. and Mrs. Frank Sweet. Sr., and Mr. and Mrs. Frank Sweet, Jr., this week in Manila. Steven N. Johns .of Blytheville spent Monday nitfn with his grandparents, Mr. and Mrs. W. F. Horner. Miss Cecelia Henderson spent the week end in Blytheville. Miss Ruth Patton arrived home this week from Garden Grove, Calif., where she has been visiting her brother and family, Mr. and Mrs. Albert Patton. Air. and Mrs. Patton accompanied her home for a 1 three-week visit with Mr. Patton's parents, Mr. and Mrs. W. P. Patton. Mrs. Bertah Arnold, Mrs. G. L. Chapman and children visited Mr. and Mrs. Phillip Duggar in Ca- ruthersviUe recently. Mr. and Mrs. Jack Williams and children Jimmy and Janet of Indianapolis. Ind., Mrs. Bertha Arnold and Mrs. Hubert Stutts, and children were dinner guests of Mr. and Mrs. H. E. Boling, Friday. Miss Georgia Poe returned to Gilmore said the meeting will be j my \ V hite and Mrs. James Billiard. held but he'll try to see there is no j Miss R UD y Bray presented Mrs. talk about a Symington presiden- white wkith gifts, tial campaign. Miss Whitney assisted Mrs. Parks in serving refreshments. Fa- Shoots Self PASADENA, Calif.. (fP) — Mrs. Ruth Dfckerson, 22, placed her 5- day-old daughter safely in the bedroom, wrote a note and then shot herself. "This is the best way out— I wouldn't make a mother anyway," the note said. The husband. Mace Dickerson, 35, was at work. "OIdat40,50,60?" -Man, You're Crazy Fnrgct your ago! Thousands aro peppy &t 70. Try "pfnptng up" with Ostrex. contain* tonic for wvak. ruinlow-n feditiK due ml<:!y to body's lack of Iron which many men ami women call "old." Try Ostrex Tonic Tablets for younger reeling, pep. this very day. "Get acquainted" Biie only SOe. At all drURRifits. Houston. Tex., Thursda* Bight af- ' :cr spending tie week visiiing friends and relatives in Manila. Mr. and rMs. Harberi Griffin and son Rickie were in Memphis, Term.. Saturday attending the Mid- South fair. Mr. and Mrs. Harbcrt Griffin Rickie, Mrs. J. P. Adkins and children, Johnny. Cathy, and Kevin, were in Kennett. Mo., Wednesday visiting Mr. and Mrs.. Lowell Gibson and family. : Mr. and Mrs. R. T. White will be in Hot Springs. Ark., for the next • two weeks taking a course of baths, advised by Mr. White's doctor. Mr. and Mrs. Doyle White. Mrs McMichael, Miss Ivarina Mc-Michael, Mrs. Irma Stallions. Rev. and, Mrs. J. M. Wilkerson, Mrs. Arthur j Hill. Mrs. Lena Mathews. and Rev. j Guy D. Magee all of Manila attended the Arkansas Baptist Association meeting in Wilson, Thursday. FOR SALE 620 Acres of Good Farm Land Located on U.S. 61 Highway near Hayti, Mo. PRICED TO SELL! Cloyd Handley PHONE 1473W1 Caruthersville, Missouri 1 $129.96 to S189.95. Easy ttrnn. Liberal trade-in. Come ID today. Adams Appliance Co. Inc. Washer $ ONLY 229 PACKED WITH HIGH- PRICED FEATURES I • Live-Water Washing • Float-over Riming • RapidVy Spin • Porcelain finish on Top, Lid and Tub We Give Quality Stamps Adams Appliance Co., Inc. "We Service What W« Sell" M*-M W. M*tn Fk. i-MIl / !~ TAIK ABOUT VALUtS! Take a good look at the three new RCA Victor TV sets in this ad. Never before have you been able to own TV with world-famous RCA Victor quality for so little! Never before has your TV dollar bought so much! BUT TALK'S CHEAP—and seeing is believing—so come in today and see the greatest values in RCA Victor history! RCA Victor 17-inch Thrlflon. LoWest priced RCA Victor TV! Famous "Diiep Image" Picture Tube. New "Hidden Panel' Tuning. New Balance.! Fidelity Sound. Matching Bollaround Hand, olra. Sleek ebony (innh. Model l 159 95 RCA Victor 21-Inch T< priced beauty with tho fi "AH-CUor" Dictum —21-ineh TV'» big- got) and clearotl I New "Hiddoi Tuning. Now Balanced Fidelity Soui Black textured finiih. Matching iland, extra. Model 21S6052. RCA Victor 34-inch Wayland. Lowest prici-d 24-inch TV in RCA Victor historyl "All.Clear- Picture plus "4-Plus" Picture Quality. New 'High.Sid.' Tuning. Sleek .bony finiih. Matching stand, extra. Model 24T6142. $ 259 95 For UHT-Hew High UHF tuning coven 70 UHf channels in 2S McondslYou can .witch from VHF lo UHf -or from UHF to VHF-and back again lo a previously •elected channel, wirnoul reodjusfing th* f*n« rwmng CCHV fc-oll Optional, .xlra, ol n«« low COM! RCA VICTOR gives you more for your money at every price level! See these great new sets today! We Have An Authorized TV, Radio, & Phonograph Service Depr. W* Give Quality Stamps Adams Appliance Co., Inc. • M8 W- "We Service What We Sell" J. W. ADAMS, Owner Phone J-2071 NOW... The Great New Gasoline With Powerful LIONITE Is Now Available At Your Favorite Lion Oil Dealer In This Area: Andy's Auto Service Second and Ash 6 and H Service Station Ark-Mo State Line Smitry's Grocery Ruddle Road A. W. West Grocery Ruddle Road S. D. McGee Grocery Promised Land Mitchell Grocery Promised Land W. 0. West Grocery Clear Lake R. E. Simpson Grocery So. Dell, Arkansas County Line Grocery Hermondale, Mo. J. D. Flowers Grocery Rt. 1, Luxora, Ark. T B. Renfro Grocery Rt. 1, Luxora, Ark. C. A. Moody Gosnell, Ark. W. R. CAMPBELL, Distributor LION OIL PRODUCTS South Elm Street Blytheyille, Ark. Private Typing Lessons THROUGH OCTOBER To The Purchaser of a New Portable or Standard Model Typewriter $ DOLLAR SPECIALS $ No-Bio Letter Trays $100 Keeps letter* in Perftct Order. REG. $3.00 VALUt 1 Eversharp Ballpoint Pens Nationally Advertised $1 00 to tell for $1.49 | OFFICE MACHINES ' AND A COMPLETE LINE OF OFFICE SUPPLIES SALES - SERVICE RENTALS DON EDWARDS CO. 20 Years Continuous Service in the Blytherille Area 112 W. Waln«t Mrs. Don Edward*, Owner Phone 3-3381

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