The Courier News from Blytheville, Arkansas on November 29, 1955 · Page 9
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The Courier News from Blytheville, Arkansas · Page 9

Blytheville, Arkansas
Issue Date:
Tuesday, November 29, 1955
Page 9
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TUESDAY, NOVEMBER 20, 1955 RU'THEVM.LE (ARK.) COURIER NEWS PAGE NINE Tighter 'Money May Pinch Industrializing South, West By SAM D.MVSON NEW YORK (AP) — Tighter money and costlier borrowing is likely to pinch first and most painfully in some, of the faster growing sections of the nation. In most cases they have been making their growth on imported money. Their own economy isn't rich enough yet to generate the needed investments. areas — the West and South and the Midwest farming st:itfs now seeking to diversity by luring industries — are competing keenly for the funds .still concentrated to n large degree In the older financial centers. Northern nnd Ea tern money Is building many, of 'ie 1- IP*, factories and even the .schools and Ir-.hways that r;ive phvsical evi- drnre of (he postwar -hUts in pon- ul.'i'ion sinrl industry around HIP Loudest Squawks That Is whv these fast-growJntr 81-pT; have utter-d the loudest soinwks about rostlier r red it- and "scarcer money supply. The tighter monev policy h aimed at braking [• o boom before It leads to nm- av:\v inflation. How the economic makeup of various sections of the nation is changing and why funds have been flowing from the Northeast in record amounts in recent years can be seen in a number of exam pKs around the land. To house the thousands of Americans on the move has taxed the Incenulty of bankers and mortgage brokers In fi-nv states. 40,000 a Year One Is Arizona. The Bureau of Business Research 01 the University of Arizona notes that over the last five years newcomers have averaged more than 40,000 n year They and those already there have needed new homes. • The bureau notes that "all the resources of all the banks, savings ant', loan associations and insurance companies domiciled in Arl- rona are not large enough to support this volume of construction." So Arizona has called upon out- of-state Institutions. Financing .new industries Is another competitive struggle for outside money among the newer and faster growing regions. Some states are sending delegations to the Eistern financial centers to seek out investment money. \ Read Courier News Classified Ads. NAVY GOES DOWN UNDER—U.S. Navy Photographer Striker D. F Williams glides past s submerged submarine on an underwater photographic mission The Navy is exploring possibilities of underwater military photography. H is studying operation oi still, motion picture and television cameras built specifically for underwater use. Alert Grocer Follows Robbers LONG BEACH, Calif. (SI — When two men held up market proprietor James G. Browning he didn't get panicky. When they left, he quietly followed. He saw them enter an apartment, house. From a nearby service station he telephoned police. When officers knocked at an apartment door, Donald J. Robertson, an oil field worker, answered. With him was Alton G. Gardner, a laborer. Browning identified Robertson as the man who leveled a revolver at horn and took $93 from him. Police said that amount was found In the man's pockets. The two were booked on suspicion of robbrey. Treasure Hunter Finds a Body HOPKINSVILLE, Ky. WV-Henry Morris went to the river bank to look for hidden treasure yesterday hut accidentally found a corpse instead. Morris, following broadcast clues from a local radio station in a publicity promotion campaign, found the body of Gene Carter, 66, of Pembroke. The station offered S200 to anyone who could locate the treasure and broadcast clues directing listeners to the river. The coroner's office said Carter apparently drowned Sunday and that there was no evidence of foul play. Nothing Slow About Molasses LEBANON, Ohio W—They joke a lot about the slowness of molasses in cold weather. But there wasn't anything inactive about the 2,500 gallons delivered yesterday at Brant's farm elevator here. A blast shook the elevator build- Ing a few minutes after a tank truck, carrying the molasses, had been unloaded. Zane Brant, a member of the firm, said the molasses, used in mixing livesiock. feeds, was tound oozing from a concrete tank in the basement. Nearby machinery was covered with the sticky mess. • Brant said the damage would "run into thousands of dollars." He could not explain the explosion. Death Stops Him . WHITESBURG, Ky. f.-P) — Sam Sexton, 60, who married and divorced the same woman seven times, died at his nearby and Lick Gap home yesterday. His wife was Mrs. Martha Sexton. Armless Driver Likes His Speed COLORADO SPRINGS, Colo. —A peace officer said last night he was forced to drive 105 mph to arrest an armless motorist. Undersheriff Clinton E. Haugh identified the motorist as Edward Ernest Higgins, 29, of Pueblo. Haugh said Higgins told him he was born without arms and drove with his feet. He charged Higgins with speeding and reckless driving. The undersheriff said he could find no special equipment on the car and it appeared Higgins drove with one foot on the steering wheel and used the other for the brake and accelerator pedals. WRIGGLE ROUTINE—Two tiger snakes and a boa constrictor have hit the night-club circuit In West Berlin, Germany. They're the partners of Tenga Kalu of Venezuela, who doesn't seem to mind them hanging around him during his unique dance routine. Antl since they support him, Kalu gladly supports their 150 pounds as they curl and slide over him. Post Of/ice Officials Deny Announcement by McCarthy CHRISTMAS VALUE SENSATIONS! A-SNACK TABLE 12x12x17", witti nihbBi- tipped legs, fet black finish. Ideal (or indjor ir outdoor use. B - MAGAZINE RACK 13i15x6", with rubber-tipped legs. Jet black finish. A smart addition tor livinj room, library or den. C-TELEPHONE SHELF 10xl0x13"; with shelf fir phone and took compartment. Has rings for hanging on wall. let black finish. Useful and compact. D - DESK BOOK RACK Jumbo size, 9x9x16". Smooth, jet black finish won't, mar desk top. Holds over 2 dozen of your favorite books. BUY 2 OR 3 AT THIS BARGAIN PRICE! DRESS UP YOUR HOME WITH THESE > SMART ) WROUGHT IRON CREATIONS FRESH NEW AND USEFUL! ONLY S 1 EACH E-RECORD HOLDER UWOlID" For records >nd albums. Also idea! fir keeping special papers handy for quick reference. F-WALL SHELF 13 ) /jxtlx4", complete with hanging rings. Jet black finish. Smart')or displaying your favorite bric-a-brac. G - WALL PLANTER 11x11x3%", with hanging rings. Jet black finish. Holds two plants. Perfect for indoor ir outdoor use. HUBBARD&SON Phone 3-4409 FURNITURE Blyrhcville WASHINGTON. <#—A spokesman) for the Post Office Department [ says that, contrary to an announce- i ment by the office of Sen. McCarthy iR-Wis), Thomas Miller "has not been appointed" acting postmaster for Appleton, Wis. Appieton is McCarthy's home town. He had recommended the appointment of Miller, 57, to succeed Stephen Balliet, who reaches the mandatory, retirement age of 70 tomorrow. McCarthy's office said Wednesday Miller had been appointed. The department spokesman, who declined use of his name, refused to indicated whether Miller would or would not get the post later. "The whole matter of an appointment is under review by the department," the spokesman said. McCarthy himself was not avail' able for comment. Miller, a former tavern keeper was convicted in 1931 of violating federal prohibition laws and in 194f and 1950 of violating Wisconsin gambling laws. his license v*as suspended. He pleaded guilty a second timo, but this time judge Edward Me- Clallen Jr., sentenced him to 6 to 12 months in the House ot Cortec- tion. Driver Learned The Hard Way RUTLAND, Vt. </!>) — Charles H. ! auriii, 21. of Springfield, Mass.. was fined $75 in municipal roml : Youngest Editor Quits yesterday on a plea o[ guilty to driving after his operator's license was suspended. After paying his , , . , his, car and drive of HYDEN, Ky. W — Kentucky's youngest newspaper editor resigned fine, lie got into yesterday at the age of n. Denzii ,, , , , Allen said he sold his half of the off. An hour ana > e , Coumy News R ^^ |0 j half later, he \vas picked up byi E Nolan, his partner. Tlie paper :tate police—again for driving after] was started in June. TUS^ur;; u Few F'' lir ra ^ 59.' e LUtleBo ? fp ^•**^^H^BH 'Ceramic Lamp Choice of Colors Washab/e Shade 1 4K Gold Trim at $9.95 CE \»^L», * ta ^ BLYTHEVILLE Never before has our town greeted our new models with such enthusiasm .. . never before have v/e had such exciting new Oldsmobiles on display! IT lint a rrfpptinn! tl hat n sma.s/ sfition! \\Vve never wclrnmnl so many siiii'.M: 1 to our >houn>oin . . . \M'"\ e nc\rr h;nl *m h ilr.'nn.itii: new Olil-iiiiiliilfs lo show you! Anil we tliink \-iai~ll lie ila/zlcd. loo—liv ll?e lirillijili-f of now Slarfin- sljliilj: . . . the !i!.]/iiiL' poucr of llif ni'u- liockct ']'•:(.">() Knginn . . . !!"• M'N»atic>nnl Miioolimi^.s of rpvolnliniinry n^w Jrt- .IK.IV ll\ilra-Matii-: So if yon haven't .llri'.nlv ntripjii'il liv onr shouroorn, join ill,- ori>Kil-.w Oi.lsin,,- for '36, u»l.\y! It's puv,vi-fully smooth! Oh-h-h I those "a i OL-DSMOOIL-l£ VISIT THE "ROCKET ROOM "...AT YOUR OLDSMOBILE DEALER'S! HORNER-WILSON MOTOR CO., 317 E. Phone 2-2056 "MAKE COURTESY YOUR CODE OF THE ROAD" . . . SAFE-DRIVING DAY, DEC. 1.-

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