The Courier News from Blytheville, Arkansas on May 12, 1953 · Page 1
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The Courier News from Blytheville, Arkansas · Page 1

Blytheville, Arkansas
Issue Date:
Tuesday, May 12, 1953
Page 1
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PAGE TWO (A?.* > COTJSIF.n NTWf Billion-Dollar Businesses Growing in Size, Number * By SAM DAWSON NEW YORK (AP) — Billion-dollar businesses are growing — both In nlze and in number. There are 29 now with assets of one billion dollars or more. Before World War II there were 12. rive joined the list just list year. The 2B Included industrials, utilities and railroads. To these could be added 18 commercial banks, 14 insurance companies and two finance companies topping one billion dollars In assets—but their tssets are of a different .type than those of manufacturing or service companies. Sixteen of these 29 billion-dollar babies also topped one billion dollars in gross revenues In 1952. Thirteen other companies, whose assets were less than one billion dollars, also turned in better than one billion dollars in sales. Thirteen of the 29 top giants reported net earnings after taxes of more than 100 million dollars each. No company with assets of less than one billion dollars entered into this charmed earnings group. The bigTceep getting bigger, too In 1951 there were 24 companies in the billion dollar asset class Their assets totalled around 852,675,000,000. Last year these 24 had Increased their total assets to (round 153,385,000,000. But add in the five new comers to the group, and total assets of the 29 become around 558,735.000.000 for a gain of 11 per cent. Inflation played a large part in boosting the size of assets after the war. Its lorce was diminished last year, but the great plant build- Ing spree of American industry sent the asset total up. Topping the list of giants is the Bell Telephone system with nearly 10'/, billion dollars. It is twice the size of the next company, Jersey Standard Oil. Other oil companies in the ,11st Include, in order of size, Socohy-Vacuum, Indiana Standard, Texas, Gulf, California Standard, Cities Service and Sinclair. Third lagest company is General Motors. Ford also belongs In the group, but Chrysler falls just short of the billion dollar mark. Pennsylvania Railroad Is the fourth largest company. Other rails In the billion dollar group are New York Central. Southern Pacific, Sana Fe, Union Pacific, and Baltimore & Ohio. United States Steel is the fifth largest company, Bethlehem, in 15th place, is the only other uteel. Other companies in the list Include: Du Pont, Pacific Gas & Electric, Consolidated Edison, General Electric, Sears Roebuck, Westinghouse, and Commonwealth Edi- eon. Then come' the recent arrivals: Humble Oil (an affiliate of Jersey Standard) ( International Harvester Union Carbide, Cities Service and Sinclair Oil. The 13 top money makers—in terms of net prollt—are: GM, Jersey Standard, Bell, Du Pont, Texas, Socony-Vaeuum, C n 11 f o r nla Standard, General Electric, U. S. Steel, Gulf Oil. Indiana Standard, Sears Roebuck and Ford. Building Permits and Real Estate Transfers Two building permits granted by the city engineers last week Included one to E. B. Wooclsbn for construction of a new concrete block ncl haydite implement company office and parts building located at 900 North Sixth Street. The 40 by 100 foot structure is valued at $10,000. B. G. Howard received a permit to build a four-room frame residence MAT It, I99t MAU-MAU SEARCH GOES ON—Guarding a group of natives at Karoieangi, Kenya, East Africa, military police stand alert while others search the village's huts for Mau Mau terrorists and hidden weapon"*. r"-x and Annie Laurie Logan, for J10 and other considerations and .'.. „ , to first mort-age loan, Lot 18, Block 1, Miller-Grecnlee Addition. T. J. and Mary Lou Smith to Jesse and Juanita Boyett, for S600 ana as- at 1904 South Rose Street at a value sumption of first mortgage loan, Lot 19, Block B, replat of J. P. Pride Subdivision. Hardy H. and Monvil Elizabeth Childers, to Russell K. Marr, for $10 of $900. Real estate transfers filed last week were: Vernon B. and Lois Flo Daws, Willagene Daws Elkins, and G. V. Daws to Virgil L. Shaneyfclt, for $10 and other considerations. Lot 7 and the west 8 feet of Lot 8. Block 2, Hcarn Addition. William C. and Marion L. Reagon to Harry Grant, Jr., and ReoJ^'ca Myers, for $10 and other considerations and subject to indebtedness, Lot E of irregular lots in the SE quarter of the NW quarter of Sec. 16-TI5N-R11E. R. L. and Mnrie Lovelady to WII- burn G. Lovelady, for $1 and love and affection, Lot 8, Block 2, Matthews Addition to Leachville. Wilburn G. and Msi7 WiMa Lovelady to Marie Lovelady, .'Jr $1 find love and affection, Lot 8, Block 2, Matthews Audition to Leachville. William J. and Cliffle Wright to Kenneth and Dora Giiye Matthews. for $200, north half of Lot Wright's Addition to Manila. and other considerations and subject to Indebtedness, Lot 5 of subdivision of Lot 16. Barren and Lilly Subdivision. Oscar Arnold tq B. G. and Howard, for $100,,one lot in the south side of SW quarter of the NW quarter of Sec. 16-T15N-R11E. Ray and Burmnh Haynes to J. H. Gurley, for $16,060, west half of Lot 3. Sam. C. Coster Subdivision In Sec. 21-T15N-R11E. Board of Directors St. Francis Levee District to T .H. and V. B. Keith, for $20.07, Lot 1, Block 5, Allison Addition. Roy and Letha Beavers to Glenn W. and Pattye M. Bunch, for $10 and other considerations and assumption of Indebtedness, Lot 2, Thompson Addition. Ellis B. and Katherlne Webb to O. S. and Euta Rollison for $10 and Board of Directors St. Francis i other considerations and assumption Levco District to Neda Flo Grable, for $35, Lot 1, Block 11, Bugg Addition. Nedo Flo arable to Bertha Smith, 'or $500, Lot 1, Block 11, Bugg Addition. J. R. and Mnry Kathryn Marr to J. J., Jr., and Virginia Moore, for $20,000, Lot 1, Block 5, Country Club Area Addition. Max and Annie Laurie Logan and Harold B. and Marie D. Wright, to Oral and Christine Edwards, for II,000 and other considerations. Lot 7, Block 2. Parkview Addition. Ronald W. and Katherlne J. Vail of indebtedness, Lot 18. Block 4, William Lee Walker Second Subdivision. Farnsworth Evans and Kathleen Black to E. B. nnd Sue L. Woodson, for $5,000, a parcel of land In the SW a quarter of the NW quarter of Sec. 10-T15N-R11E. Susan Moore to Arthur J. and Georgie Mae Hampton, for $200. Lot 24, Block 9, W. W. Holllpeter Second Addition. O. L. Palmer to Don and Maxfne Wllhelm, for $10 tmd other considerations, Lot 2, of the replat ol Lot 3 of Edna ail First Subdivision. Burial Group Expected to Okay Boost in Rates LITTLE ROCK UP}— The Arkansas Burial Association is expected to approve today a proposal to set a minimum assessment on burial certificates and boost rates after persons reach 30 years of age. S. Richard Sims of Little Rock, executive secretary of the Association, said the minimum rate would be 25 cents, paid quarterly, for each $100 in benefits. He said the increase would be five cents on each $190 for every five years a person is over 30. In other words, a r an 30 would nay 25 cents for each $100; a man 35 would pay 30 cents, a man 40 would pay 35 cents and so on. A new paint brush should be dinned in linseed oil to prevent paint from becoming embedded in L..<i brisUes. Cherry Convinced American Aid To Foreign Countries Imperative By LEON HATCH LITTLE ROCK (/?)—O'ov. Cherry said yesterday that discussions. at the governors conference last week had convinced him that It Is imperative that the United States continue to help foriSgn countries. Cherry said he returned from the Washington conference -- called by President Eisenhower—equally convinced that aU states should have a Civil De/ense program. Cherry said he was not altogether certain before the conference that a civil defense set up was necessary. An explanation by Civil Defense Administrator Va! Peterson has changed his mind, Cherry said. The 1953 legislature authorized appointment of an assistant adjutant general as civil defense director for Arkansas effective July 1 a'nn made a small appropriation for the work. ' ' ... Cherry has not named the state director. Volunteer Work Needed Cherry said that he got the Impression from Peterson's discussion thnfc huge appropriations were not necessary but that a large amount of citizen volunteer work was needed. In the foreign relations field, CiieiTy said he feared that the pres- "exploslve." All the conference sessions were off the record and Cherry said he could not elaborate on Information given to the governors. Cherry remarked that during general discussions by the governors themselves he was (surprised to hear "so many Democratic states rights comment from Northern Republican governors." The governor said various problems were nominated for study by a commission on federal state relations which has been In existence for a number of years. Cherry said he suggested a favorite project of his own—the possibility of the federal government getting out of certain fields of taxation and leaving them to the states with perhaps a discontinuance of some of the federal assistance. "That would allow the states to decide whether they want to tax themselves for certain services in which they now have no choioe," Cherry said. . The 2-day conference was held on Monday and Tuesday of last week. Pagodas in China have an uneven number of stories because odd numbers are considered good ent situation might easily become luck by the Chinese. Little Rock Mayor May Take Over As Postmaster LITTLE ROCK (ff) — Republican Mayor Pratt Remmel of Lltle Rock yesterday Indicated publicly that he may become postmaster ol Little Rock. Remmel told members of the Arkansas Association ol Postmasters meeting here: "I may join you ons of these days." Later the mayor told newsmen that he was "very seriously" considering accepting the posmaster- ship of Little Rock when 1t became vacant about a year from now. A. E. Townsend, a temporary Democratic appointment will retire then. If he does decide to accept the job, Remmel said'he would not seek re-election as mayor. 5.1 It. Forget It. Maytag doe« aU the work. So it *"~fft Si 299.95 Adams Appliance Co. Inc. Thieves Haunt Supermarket PHOENIX, Aviz. f^J —Check-out girls In ft chain grocery store here are becoming used to holdup men. The other night, just before closing time, a "customer" with an armful of vegetables dropped his purchases on the counter and then showed the cashier a gun. It was the second time in less than a month the store had been held up. The robber had the girl put vegetables and cash In a paper bag. Then he calmly left the store with more than $1,000 In the sack. Board of Directors St. Francis Levee District to James and Annie Smith, for $500, Lot 5, Block 13, Edwin Robinson Addition, i*^..^J| E. M. and Mary Virginia Terry io Dave Pinkney, ' lor $10 and other considerations, Lot 22, Block 1, H. R- Aiken Subdivision. W E RE'S HOW . .. Every survey shows it . . • every dealer know* it— America gtws far the "Uorhat"! It'a among the most admired automobiles around today—• this htgli-powurccl, high-niyled Super "Bfi" for 1933—-and tUiU'i a mighty profitable situation for every "Rocket" owner! [i means that your Oldfiinubile will command top price ns a trade-in . . . will gel you lop deal on your nest Oldamuhiie. America'» enthusiasm for iho "Rocket" means—literally— money in your pocket! This great popularity i» just one more ndvantage of owning an OUlsmoUUe—with its famoua "Rockist" Engine, Power Styling, Power Steering*, Pedal- Kaso Power Brakes*. So make a date with the OldHnmhile "Rockci BU" — ciglii now! E NTH U SIAS M Rocket" can mean money in you,r/packer Car illu.lroW: Suptr "IS" t.Dotr Snfan. A Gtntral ilMn ROCKET ENGINE MAY IS "SAFETY-CHICK" MONTH ... SEE YOUR OLDSMOBILI DEALER' HORNER-WILSON MOTOR CO. 309 East Main Street - Telephone 2056 — YOUR OLDSMOIILI PIALER ALSO FEATURES TOP VALUES IN SAFETY-TESTEP USED CARS — PENNEY'S PenneyV Smwnier Dress Carnival. DARK SHEERS for misses and juniors! Hemstitched, leno- weave cottons ... so smart!... so cool! ... And yours in dark c'olors like grey, navy, green! Come see many styles now, during Penney's Carnival! COOL LOVELY LAWN PRINTS for misses I half-sizes 1 5 90 They're famous Bates' "Disciplined fabrics"...resist wrinkles, wash nicely, keep crisp! "Made to behave," says Bates about these /wonderful cool cotton lawns... and aren't 'you delighted! They wash, iron, wear superb-' ly,.,. keep you looking bandbox-freshj v-iihout starching or bother. Come chooso from many, many styles... these »re Dress Carnival feature*, now! 12-20, RAYO BEMBERGS several at this low. low price summer This is a Summer Dress Carnival Special you can't afford to miss . . . Come in for yours today.

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