TUESDAY, NOVEMBER 16, 1954 BLYTHEVILLE (ARK.) COURIER NEWS PAGE SEVEN Installment Buying On Upswing—Trend Expected to Grow By 'SAM DAWSffN NEW YORK, Nov. 16 (AP) — Buying on time is picking up a little. And the merchants and finance companies are counting on the postelection enthusiasm in stock market and industrial centers to seep through to the consumers. This could end the trend this year toward paying up old debts rather than hurrying to take, on new ones. Installment buying may pick up speed first in the auto and home appliance fields, where it's an old American custom. Merchants too are expecting installment buying of clothing and furniture to increase. The way people feel about their own income and job prospects has more to do with the cycles in installment credit than anything else finance company officials say. CHAPEAU? — Jant MotelU models a new hat thought up by a creative designer at a New York City flower show. The hat is decorated with real orchids and doubles as a perch for a live parakeet. About this lime last year, people were worried, and the rate of on- the-cuff buying of cars began to slump. The low point was reached in January of this year, and repayments exceeded new credit extensions through April. But, as Sidney Rolfe, economist for C.I.T. Finance Corp., explains it, by spring people had decided that the recession would not become a depression, and they began buying more cars on time. With the new models coming out, the finance companies are looking for a big spurt in business. Comparison Today members of the American Finance Conierence, a trade association of 360 Independent automobile installment credit companies, are meeting here to compare the prospects in various sections of the nation. Like the car makers, they're' hoping the outlook for wages and employment Is bright enough to induce consumers to take on new auto monthly payments. The Federal Reserve Board reports, that by the end of September Americans owed more than 10 billion dollars on the cars they were driving, auto paper having increased 13 million during that month. Merchants had $6,674,000,000 on their books in the form of charge accounts, which was 35 million less than a year ago. But merchants also had another form of credit, Installment plan buying, which has grown notably in the last two years. Officials of James Talcott, Inc., one of the fjrms that finances retailers credit facilities, report a gain of 30 per cent in that period in this type of financing. RED ROADS TO CONQUEST—Nationalist Chinese observers in Tapci. Fgtmosa,-warn Uiat^con- duction cY^evJraSwTylinkl between China and Soviet Russia can only mean further Com- munisi; conquests They point to their correct prediction that, with the completion of the LaipuiB- Chennankwan (Ij link lo the Indo-Chinese border. Red aggression against Indo-Chma would speed up. The link was completed in November, 1951, and m July, 1952, the Cist Uainlgad of some 900 tons, of Soviet arms and munitions came through for Viet MinliCoimnunisls.Cii.nesc and Russians recently announced construction of the Lanchow-Urumchi-AJma Ala (2) Ime ami t..e Ulun- Balor-Tsinins (3) line. Red China, with full technical assistance from Russia, a«ieed lo Luild six lines- lincnow-Russla (2); Lanchow-Patow (4); Chenglu-Chungking (5); and ines comiectinfi Kweichow and Hunan provinces; Outer Mongolia and Suiyuan provinces; and UuT Nannmg- Chcnnankwan (1) line. In the-extensive.rail network, roads will lead north to the .Atotic Sc_a, south to India, west to Europe and cast to the Pacific area. One Child Dead, Another Beaten And Scalded; Parents Jailed EBENSBURG. PH. MYThe young* pn rents of a family of five children wore in juil today—(he mother charged with murder in the rnt poison death of » daughter and the father with assault and battery with intent to kill in the scalding and hen ting of a son. Mrs. Eileen Boll. 28. is held without bond pending Grand Jury action. Also awaiting Grand Jury action, and unable to post $10.000 bonds, is her husband. William, 2(i, n Korean War veteran. Both pleaded innocent. . The five children range from five weeks to G'^ years. Stale Police Pvt. Matthew O'Brien said he entered the case last Wednesday night after a hospital reported the couple's 2-year-old daughter, Ruth Ann, had died of rnt poison. Admits Acts O'Brien said 3-year-old Rober Bell was being treated for serious scald wounds on his feet in the same hospital, reportedly suffered the day before his .suster died. The officer said Bell admitted holding the boy's feet in boiling water to chastise him for taking a piece of bread from the table and beating him while be hung from a door in a duffel bag. Mrs. Bell was released after questioning but last night, O'Brien said, she broke down mid admitted pulling vat, poison on brcnd, giving it to Robert and telling him to hand it to his little sister- because "she's hungry," O'Brien added that Mrs. Bell told him "Ruth Ann cried till the time was crippled nnd that neither she nor her husband believed Actress Engaged HOLLYWOOD (ff)—The engagement of actress Eleanor Parker and pvUst Paul Clemens ww announced last night- Miss Parker said they plan to be married Thanksgiving Day in the Hollywood Methodist Church, THE CHIEF-Mlnoru Tnkano, 53, secretory general of the General Council of Japanese Trade Unions, is supposedly one of the most powerful figures in Japan He IP reportedly an (ivid follower of the Chinese Communist line nnd an equally avid foe of the U. S. the youngster would live very long. The officer sajd Mrs. Bell de clared they acted on her own free will and her husband did not cooper nte with her in planning to poison the child. Two of the couple s children fire under hospital treatment for mal* nutrition. The fifth Is in a children's home. REASONS WHV MOUNTAIN VALLEY W A T I R CAN MEAN BETTER HEALTH FOR YOU 1. Spud riftivil if hirnftl body wastii. 2. Niutnlizt ixcm nrl« KiH 3. Nermillzi hldnty • H«dl»f functian. 4. Coun!ificliKMilt««l«h icidt. Doctors li'f* thil pfcp*f Mvountt ol wjUr in »ft ibiolui* ntcmitHk If your kidntyi and bltddir in to function properly. To bt Mtlthjr irov function properly. To bt Malthjr ywa need at lent B ilaiiei of 1006, purti water a daY Try dillcloui taiflrui.: ated, mildly y Water TO- il(f • dty. .., ......_-- non-Uxatlvf, non-cifbonittt alkaline Mountiln Villiy VI DAY. No ChlOfin*-no jilt- PfOvf t» r riell thit bettir hulth cm H the water you drink, ttptclillv Mountain Valley Watir, direct (to* Hot Sprlngi, Arkanilt. C*H without obligation lor full Information. RICHARDSON'S Main at Fifth Ph. 3-9673 iMitri Gaynor to Wed HOLLIWOOD (£>)— The marriage of actress Mitzi Oaynor and Jack Bean, public relations executive, is expected this week. Miss Oaynor's motner, Mrs. Pauline Gorber, said: "AH we know is that Mitzi and Jack will be married some day this week. Mitzi won't tell us anything more." Miss Gaynor was given a bridal shower last night at the home of actress Mala Powers. An endless belt linking Lake Erie with the Ohio Elver, 100 miles away, has been designed to shuttle iron ore and coal from river barge to lake carriers or storage bins. Hubbard Presents A MODEL WEH AGITATO* AUTOMATIC ECONOMAT WASHER Yes, a wonderful bargain just (or watching the Bendix Economat perform a miracle of washday cleanliness. The Bendix Econbmot is fully automatic, with quality wa?hcr features like Ihermoslalic temperature control and the automatic Rins-Saver. Operates on casters too. See it and the Cannon bargain is yours. IENDIX WASHES 3 WAYS CLiANEK 1. Whiter and Irighter J - * l0 " Thoroughly Clean 3. More HUBBARD & SON FURNITURE and APPLIANCES Something fresh and wonderful! all-new PLYMOUTH Biggest car of the low-price 3 Powerful new V-8 and 6 engines... new chassis... new Metal-in-Motion Styling.... The all-new Plymouth is the car to measure against. This year, of all years, look at all 3. CHOICE OF TOP POWERPLANTS 177 hp ... fly-Fire V-8 engine with PowcrPak* 167 hp ... Ilj-Fire V-8 engine 157 hp ... Ily-Fire V-8 engine 117 lip ... FowerFlow 6 engine it low «.jUrn cml • All powerplnntn nvnllnble with On display Wednesday, November 17, at all Plymouth dealers a great new car for the YOUNG IN HEART Don't miss the Thanksgiving Day football classic: Detroit Lions-Gretai Bay Packers. See your Radio-TV listings.
What members have found on this page
Get access to Newspapers.com
- The largest online newspaper archive
- 8,800+ newspapers from the 1700s–2000s
- Millions of additional pages added every month