The Courier News from Blytheville, Arkansas on February 13, 1956 · Page 12
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The Courier News from Blytheville, Arkansas · Page 12

Blytheville, Arkansas
Issue Date:
Monday, February 13, 1956
Page 12
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TWVLT& BLYTHKT1LU (ARK.) OOUBIEIt HEWg MONDAT, FEBRUARY U, Nation Has One less Billion Dollar Bank; Deposits in Others Up By SAM DAVVSON NEW YORK (AP) — The nation has one less bank in the billion dollar class today than a year ago. But the total of deposits entrusted to the surviving 17 are almost three billion dollars greater than that held by the 18 in that class at the start of 1955. Part of the story is in the gen~* — oral good times that have raised bank deposits almost everywhere. But part of the story lies in the very reason that today there is one less bank with deposits of a billion dollars or more. And that fe the banking tendency that Congress has been talking about in recent days: Bank mergers. There were around 250 bank mergers in 1955. Both large and small ones were involved. In the previous— fcu^-i'ears, congressmen reported, 594 commercial banks "disappeared" by merger or consolidation. Bill Passed Expressing concern at this pronounced trend, the House of Representatives has passed a bill prohibiting bank mergers through acquisition of assets if that creates lessen competition substantially. Previously the law forbid mergers through stock acquisition under similar conditions. Banks have their reasons for merging. One is that the laws limit the percentage of capital and surplus that can be lent to one individual. Mergers mean larger capital and surplus, and hence the chance to make larger loans to giant corporations. Mergers can JOINER NEWS By EDN'A BROWN Fifteen members of Bardstown Home Demonstration Club met Thursday afternoon at the home of Mrs. Joe Horace Pelts at Bas- seit with Mrs. Gillie Wright presiding. Mrs. W. G. Childers gave the devotional from the 25th chapter of Matthew. The roll call was answered by "How I make and use my pin money. Mrs. D. Bennet and Mrs. Joe Sammons, the Home Management, gave a demonstration on a banking monopoly or tends to account magic showing how to better distribute accounts. It was decided to begin anew having secret pals. Names were drawn and during the social hour Mrs. John Wilson won the prize. Refreshments were served and the meeting was adjourned to meet March 1 at the home of Mrs. Joe Ashburn. bring an increase in branches, if consumer business is the bank's aim. Or mergers can secure top personnel. Before the merger trend got go- Ing hot in 1955 the 18 banks in the billion dollar class had combined deposits totalling $48,445,000,000. By the start of 1956 there were only 17. But the combined deposits of the 17 totalled $51,371,000,000. This gain of 32.926,000,000 is a 6 per cent increase. ,: 6 Per Cent Gate Some of the individual banks in the list report a 6 per cent gain In their own deposits last year without benefit of mergers. But two of the biggest achieved their larger status partly by the merger route. The third largest, Chase National of New York, and the 15th largest, the Bank of the Manhattan Co., merged. The resulting Chase Manhattan Bank became the second largest in the nation. It edged out the National City Bank of New York, despite the tatter's own merger with the First National of New York a member of the exclusive billion dollar group. The wedded pair, now the First National City, is in No. 3 place— the spot formerly held by the Chase. 'Of the billion dollars banks New York has eight, San Francisco and Chicago two each, while Los Angeles, Detroit, Pittsburgh, Boston and Cleveland boast one each. San Francisco's Bank of America is still the leader with deposits of $8,803,506.128. Chase Manhattan, second, has $6,789,358,288. First National City, third, has $6,208,783,237. whole community with music had * f ** a § L i>1bb&ku>. -•-'. NEW HOLLAND SCHOOL — The new Negro elementary school, built and equipped at a cost of $89,223.41, has a front of 177 feet and width of 58 feet. It is constructed of brick veneer and nadite blocks. The arrangement of six class rooms, multiple-purpose room (auditorium, lunch and play room with portable equipment), princi- pal's office, vault, rest rooms, and steel lockers, provide approved and new modern facilities for the district's enrollment of 255 Negro %rade students, served by a staff of six teachers... Open house was held at the new school Sunday. (Photo by Yeager) Basketball is watched by more fans than any other sport, even baseball, in the United States. Eifling. After the installation the girls and their sponsor, Mrs. Harold Howerton, served refreshments to the group of mothers and friends attending installation ceremonies. The Shawnee chapter of Future Homemakers of America, held its formal installation of officers on Monday, at the school home economics building in Joiner. This is a candlelight service with the girls dressed In white, each with a red rose, forming a semi-circle around the table and taking their charges. The officers installed were pres- j ident, Sara Johnson: 1st vice' president, Nancy Eubanks; second vice president, Barbara Britton; third vice president, Mary Lloyd Eifling; secretary. Sandra Howerton; treasurer, Janice Shannon; historian, Jean Johnson; reporter, EveljTi Musick; song leader, Marian Hughes; pianist, Olive Jean People 60 to 80 Apply For Old Line Legal Reserve Life Insurance Kansas City, Mo.—If you are under 80, you can still apply for a $1,000 life insurance policy to help take care of final expenses without burdening your family. You handle the entire transaction by mail with OLD AMERICAN of KANSAS CITY. No obligation. No one will call on you! Write today for free information. Simply mail postcard or letter (giving age) to Old American Ins. CO., 3 W. 9th, Dept. L203B1, Kansas City, Mo. An Eye for Justice MADILL, Okla. (#}— Justice speeder $30, said it was all right with him if the fellow left his glass eye for security until pay day. The the Peace C. Grider fined a man did. . Pupils who learned from her during 48 years of her teaching music here, gave Mrs. Prince and her husband, I. A. Prince, a big reception and a silver service. A number of ex-pupils put on the musical program. HARPOON HUNTERS Natives of the Marquesas Islands, in the Pacific, harpoon wild cattle since they lack firearms. Dogs aia mem in the hunting, which is practiced only for food, not for sport. Can't Get Rid off Your Cold? Then try 666, the wide-activity medicine, for greatest effectiveness against all aymptoma of all kinds of colda, 666 combines 4 potent, widely- prescribed druge and give* positive, dramatic results in a matter of hours. Its combined therapy covers the complete range of all cold sjrmptbmi. No other cold remedy can match 666 liquid \ or 666 Cold Tablets. Wcfci Nil TEMPLE, Tex. (#>— A soldier walked up to Policeman Press Richardson and announced he'd hud one drink too many and please lock him up. He went willingly to the pokey and didn't complain a bit when he had to wait around until they found a key to a cell. "The Swan Dance" is especially asociated with Anna Pavlova, famous Russian ballet dancer. Area of the Pacific ocean In about the same ae the combine!! areas of the Atlantic, Indian, anil Arctic oceans. , : " If worried by "Bladder up"Slebts'tooTreojent, burning or l.h. iiis urination) or Strong, cloudy Dilnil >.• due to common Kidney and BUuder Irrt-; tatlom. try OY3TEX for 1"J;JdE! l ,'ttSfe-i comtortlng help. A billion CYS ™f elt , n 'J I ; success Ask druggist lor OYSTEX under' satisfaction or money-back guarantee. _ Attention Farmers! Cotton diseases destroyed 7% of 1955 crop - - - For better yield and less replanting, delink and treat your .seed now. CALL US NOW FOR APPOINTMENT Blytheville Delinting Corp. . S. Highway 61 Phone 3-6258 Read Courier News Classified Ads. HEADS 'DRIVE - National chairman of the 1956 Heart Fund is Gen. Mark W. Clark. former comirmncier-in-chief in the Far East. General Clark is now president of Ihe Citadel, famed military college at Charleston, S.C. Master Mix Feed ! 16% Dairy Feed $1.05 cwt Beef Concentrate 4.63 cwt Pig Si Sow Concentrate 4.94 cut 359* f Hog Concentrate.. 4.98 cwt fig Wormer 5,14 cwt Chick Starter 5.01 cwt Chick Grower 4.45 cwt Ess-ets 4.35 cwt Egg M«sh 4.60 cwt Rabbit Pellets 4.5C cwt HorH Feed 3.94 cwt Shorts 2.sC cwt Shelled Corn 3.50 cwt Farmers Soybean Corp. "Horn* of Sudden Service" Bt.vlhtvlltt, Arkansas Clean Clothes Put You On Your Toes... Your friends, your customers, your boss, your sweetheart, all size you up by the way your, clothes look! Freshly-cleaned clothes give you poise and confidence too! So make it a habit to look your best AT ALL TIMES ... it costs so little to keep that freshly-groomed, cleaned-and-pressed appearance! Whenever your clothing needs attention, phone Hudson! You'll find Hudson's small cost is TERRIFIC investment that pays off in business and personal popularity! It's Hudson's STAYBRIGHT When You Think Enough of Your Clothes to Want the VERY BEST! • Better Cleaning •The Hudson Finish •8 Hour Service (For The Asking) HUDSON Cleonet - Clothier - Tailor Blytheville, Ark. Steele, Mo. PERSONAL SHOPPER SERVICE ONLY HAYS In the Self Service Super Market class, offers you these services 8 . . . and at competitive prices. PROMPT DELIVERY SERVICE Phone 2-2001-List Your Order for Prompt Home Delivery! Finest Shortening SNOWDRIFT April Shower, No. 303 3; 69i ENGLISH PEAS 2 33c ( Farmer's 16 Oz. Tall Cans PICCALILI 290 JACK MACKEREL 6 ,„ $1 Lb Box Creole Maid, No. 2 PREMIUM CRACKERS 250 CUTOKRA 100 Sno Scheen, 44 Oz. Box 250 CAKEFUM 300 7>xl Oz. Box KRAFT DINNER Pillsbury, Choc or White CAKE MIX Bush, No. 303 SHELLY BEANS Z for .. 4 for 2 for Sno Scheen, 44 Oz. Box CAKEFUM Jiffy, 9 Oz. Box S! PIECRUSTMSX Bonnell's, No. 303 290 SPftG, TOMATO SAUCE 100 BACON Worrell's Pride Thick Slice 2Lbs. FRANKS Big and Juicy 3Lbs. $1.oo FRYERS '.JK's Whole Lb. 39' GREEN ONIONS Garden Fresh A f 2 Bchs. - - 1 i PASCAL CELERY Pascal Jumbo A f » Lge. Stlk. 1 y TURNIP GREENS Garden Fresh 2 Bchs. - - 25' GRAPEFRUIT Marsh Seedless 4tj f p 4for-- - Zj C SAVE ON WORK CLOTH ES! WORK SHIRTS Men's blue chambray work shirts, full cut | and sanforized. In ( sizes 14 to 17. They're specially priced at Hays. $100 1 BLUE JEANS Men's heavy 10 ox. blue jeans with zip fly. Fully sanforized. Sizes 28 to 38. Buy and save at this low price $ ,79 BOYS JEANS Fine quality boys 10 oz. jeans (hat will wear ( oz. double knee blue, and wear. In size* ft through 12. Specially priced $149 1 Men's Army Twill Work Suits $/|89 Fine quality mens matched army twill work suits in lasting colors of tan or gray. They're available in c o m p 1 e < e sizes too! Complete suit 4 Payroll Checks Cashed Free All Price* Good Monday, Tuesday and Wednesday — Shop and Save 200 FAST MAIN BOYS POLO SHIRTS Boys long sleeve polo shirts in a smart array o f assorted colors. Worth much mordc. In sizes 8, 10, 12. Special 49" MEN'S BRIEFS You always fine more savings opportunity at Hays. Good quality . knit briefs in sizes S, M, and L. Regular 49c $100 3 Prs. 1 ATHLETIC SHIRTS Men> cotton athletic shirts in sizes M to, 46. Buy now and save. Compare with other* . at 59c. Special 3 For $100 1

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