The Courier News from Blytheville, Arkansas on October 25, 1955 · Page 9
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The Courier News from Blytheville, Arkansas · Page 9

Blytheville, Arkansas
Issue Date:
Tuesday, October 25, 1955
Page 9
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TUESDAY, OCTOBER 25, 1955 BLYTHEVILLE (ARK.) COURIER NEWS Despite Record Earnings, Steel Industry Is Talking Price Hikes NEW YORK (AP) — The steel industry — basic supplier of many another American industry — is talking about raising prices again. The talk isn't so much "whether to" as it is PAGE NINE "when to". The industry is chalking up rec-* orcl or near-record earnings just now. But its leaders point out thai operating costs are rising. Also, steel users are clamoring FO urgently (or more metal that the steel mills see another round ol expansion ahead—and they say must get the money for it out of higher prices. The demand is so strong — presumably for months ahead—thai the mills expect little opposition from their customers. Record Production The busy steel mills are chalking up record production and record sales. Their profits glow against the fairly somber 1954 background. The first 17 steel and iron companies, big and small, o report show combined net Income after taxes of $174,429,571 for the first nine months of 1955. This is a whopping 107.4 per cent increase over the $84,099,660 earned by the companies in the like period of 1954. In discussing' their need for higher prices, steel executives stress two things: First, profit margins from now on will reflect the rising labor costs due to last Summer's wage scale hike, and aiso will reflect the increasing costs of materials and transportation. Must Expand ^ Second, the steel industry must expand its capacity. And new facilities are much more costly to build now than were the present mills. The steel executives argue that thjy must nave higher prices to keep profit ma rgins sufficient to attract investment capital and. make the new expansion program [ possible. The last price hike, right after the wage boost last Summer, averaged out at $7.35 a ton. Most leaders expect present prices, in general, to hold the rest of this year—with some few steel products moving up. Some look for a general price hike early next year. Others see it more likely by midyear. Bread Unhurt By String LONDON fcB— What's a little old piece of string in your bread? Nothing to get the baker into court, 'England's Lord Chief Justice Goddard ruled. Turner and Son, Ltd.. appealed from a Nottingham Magistrate's desicion that because a customer had found a bit of string in his loaf, the bread was "unfit for human consumption." Lord Goddard quashed the conviction, commenting: "A little piece of string does not hurt anybody. All they have to do is pull it out or spit it out." THEY'RE "GUINEA PIC" PIGS-These baby pigs at the Pfizer Agricultural Research Center, near Terre Haute, Ind., are being used for experiments in the new, but fast-growing science o£ using antibiotics in agriculture and animal husbandry. Ordinarily, the pigs would have received only sow's milk for the first 56 days ol life. This results in the loss of about a third of all pigs lar- rowed, deaths being due to faulty nutrition, diseases passed from the sow and physical injury caused by the sow. Today pigs can be taken away from the sow two to three weeks after birth Ind given a special "baby food" containing all needed nutrition plus a growth-stimulating antibiotic, such as terramycin. The antibiotic gets the pig to market about 20'per cent faster and guardi against disease, such as scours. Charges Won't Stop Wedding . MIAMI BEACH, Pla. (.4 1 ) — Erwin I Godber said Arvey attempted tn Bud Arvey, 38-year-old son of Jacob Arvey, Chicago Democratic national committeeman, faces trial in City Court Friday on charges of attempted suicide, breaking and entering and resisting arrest, but he apparently won his lover's quarrel. "We still plan to be manned," Arvey said after patching things up with Mrs. Jane Arenson, 33-year- old divorcee formerly married to a Chicago physician. "I'll marry him," Mrs. Arenson told detectives as she pleded in vain that charges against Arvey be dropped. Patrolmen Arthur Godber and L. B. Travis said they found Arvey in a "bloody, drunken" condition early Sunday morning on the floor of a bathroom in the home Mrs. Arenson rents for $6,000 a year on fashionable Pine Tree Drive. \ take his life by slashing his le wrist with a razor blade after Mr Arenson, who called police, refusec to go with him to Folkston, GBL, an get married immediately. The couple already had had the: blod tests and had been nightclub bing together Saturday night. Ar vey returned her to her home, Mr Arenson told police, then left return to the hotel where he is stay ing. About 3 a.m., she related, he re turned, battered his way through screen door and a glass door an< demanded that she marry htm a once. "But I have two dogs, two cat. and some business plans here tc make arrangements for, and I jus couldn't get married that day," sh told police. "He was just a little to impluslve." For a penny.., electricity gives you a whole hour of television' Two of your favorite half-hour shows brought to your own living room for a penny I That's all it costi. Yes, all over your house electricity works for you to make life easier, more pleasant and convenient. And electricity works at such a low cost that 'aft the biggest bargain in your family budget. The man and women in your electric company are constantly working to keep it that way. Ark-Mo Power Co. M uteri Kt ho UK hold rat" Father of Five Is Sentenced INDIO, Ctllf. m — Robert K. Mi ers, 20, father of four children, was sentenced to five years to life in prl-on after changing his plea to guilty in the robbery-killing of a Palm Springs building Inspector. His wife Michael Elizabeth, 26, pleaded guilty yesterday to second- degree robbery only. Miers, a former bakery truck driver, pleaded guilty to second-degree murder and robbery in the slaying of Donald E. Graham. CO. Superior Judge Hilton H. McCabe ordered a murder charge against Mrs. Miers dropped because of insufficient evidence. She asked probation and will appear Nov. 10 for hearing. Sheriff's officers said Graham died of blows inflicted aftnr an evening of night club touring with the couple in Palm Springs last Aug. 26. Horsewoman Visits Idaho BOISE, Idaho W»—A woman who sold her Minto, Maine, farm and started west on horseback reined up in front of Idaho's Capitol yesterday for n call on Gov. Robert E. Smylie. Smylfe told newsmen Mrs. Annie Wilkins, 63. extended greetings from Gov. Edmund S. Muskie of Maine, like Idaho a potato state, "and we talked about potatoes." A 3-pound, 11-ounce Idaho spud was on Smylie's desk. Mrs. Wilkins left Maine aboard a Tennessee walking horse Nov. 7, 1954, saying she "just wanted to see the country," She hopes to reach Southern California sometime next winter. Only Hunger, Thirst Bother Trapped Lad CHICAGO Wi—Thirst and hunger were the only ill effects suffered by two 9-year-old boys trapped for 15 hours in the steel drum of an old laundry machine. The boys. Robert Houk and James E. Hardcastle Jr., stopped at the display lot of a laundry equipment company Saturday afternoon on their way to a movie. With them was 8-year-old Billy Stephens. Robert and James decided to investigate the interior of a big commercial laundry machine stored on the lot. They climbed inside. Billy playfully closed the door on the perforated drum. The door would not open. Billy said nothing to anyone until early Sunday when he was pressed by the frantic parents of the missing boys. He finally told police and firemen. Rescuers found both boys calmly sleeping in the giant tub. Elephant Ate His Passport BRENNERO, Italy (/P)—"I tell you. I had a passport, but the elephant ate it!" That's what Leopold Stovcek, 30. of Vienna, told frontier guards in the Brenner a Pass Sunday night. Guards let, him continue his journey to Vienna when other members of the Togni circus troupe bore out his story. Stovcek, an acrobat, left his passport on a table too near the elephans, four days ago in Rome. Other troupers insisted it was true: An elephant reached out its trunk, scooped up the passport, and swallowed it. Pemiscot Farmers Warned by SHP CARUTHEnSVILLE — Members of the Missouri Highway Patrol pointed out today that many farmers of Pcmiscot County apparently don't know of a state law which requires a red lighted lamp which can be seen for 500 feet to be fixed on the rear SAVE UP TO 40% on Auto Insurance STATE FARM Agent FRED T. RATLIFF 1018 SpniM Ph. 3-8034 Blytheville, Ark. of any vehicle moving on state highways. Troopers said that this includes farm trailers and that the light must be on from 30 minutes after sumct to 30 minutes before •un- rtse. They said reflectors are no* sufficient. Arrest* wiii ue mno> for violation)), It was stated. v CASCADE : YEAR OLD KENTUCKY STRAIGHT BOURBON GEO. A. OICKEL DIST. CO., LOUISVILLE, KY. • 86 PROOf Here's POWER you can see ...STYLE that has motion Take a good look... for this is what all the talk is about! This is the new look-of-power in motorcars that already has the automobile world predicting top styling honors for Chrysler ... for the second year in a row! This is the "PowerStyle" Chrysler. It's sparkling new all the way through . . . from its bold outrigger front bumper, 18 feet back to those massive flight-swept rear fenders . . . its dazzling new body colors ... its magnificent new interiors. It's a handsome package of power ... the Mm hiihbuttw PowtrFKti puta the biggest news in automatic tranmniasions right at your fingertips. You simply piuh a button on the dash for the drive you want. It's as easy as ringing a doorbell! most completely power-operated and power- controlled car on the highway! You'll thrill to Chrysler's dynamic new airplane-type FirePower V-8 engine . . . new Pushbutton PowerPlite automatic transmission . . . new PowerSmooth brakes that ou (.last others 2 to 1 ... and new PowerPilot Steering that lends a full power assist all the time. It's waiting for you! Stop in today and see the exciting new "PowerStyle" Chrysler for yourself. Your Chrysler Dealer will give you the key to the ride of your life! Two more fabulous Chrysler "firsts"* • Highway Hi-Fi record player. Enjoy your favorite music while you drive. • New Instantairplane-type heatingsystem. From zero to room temperature in a matter of seconds. •o p i,o»,i ,,,,,- p m« n i THE NEW 19 5 6 "PowerStyle" CHRYSLER NOW MORt THAN EVER—AMERICA'S MOST SMARTLY DIFFERENT CAR T. I. SEAY MOTOR CO. • 131 E. Main St. •«»«, KH THI KST IN TV, Sif "IT'S A MEAT llfi" AND "dlMAXr- S« TV PAGi FOR TIMIS AND STATIONS

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