The Courier News from Blytheville, Arkansas on April 18, 1956 · Page 11
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The Courier News from Blytheville, Arkansas · Page 11

Blytheville, Arkansas
Issue Date:
Wednesday, April 18, 1956
Page 11
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WEDNESDAY, APRIL 18, 1958 Hike in Interest Rates Hints FRB Feels Business Boom. Is Dae for Revival By SAM DAYPSON NEW YORK (AP) — Whatever else'the rise in interest rates does, it appears to indicate that the Federal Reserve Board agrees with the many businessmen who believe that the boom — ifter its short siesta — may be set for another sprint. Fears of a recession to follow the late boom seem to be at low^ebb. Whether tightening credit will "~ stop mother inflationary boom is widely disputed. But by moving to make borrowing more costly the feder»l reserve seems to show It now expects another boom and would like to keep it within bounds lf Businessmen have been betting | MEMPHIS Wl - Milk prices usu- heavily on a continuing boom to] ally decline in the spring, but a re- follow the leveling off of the last cent Department of Agriculture ac- three months or so. They have tion has made any price reduction SS^-Ss^Tt^isSi^^ £ *. —. USDA Action Makes Any Milk Price Decline Now Unlikely y for their milk. too. Hearings have been called in various districts by the OSDA. "The Chicago decision is an open invitation to the rest of the produc- b'uilding up inventories. New Wag-e-rrlce Inflation? Tears of another wage-price inflation spiral have grown as the time nears for the steel companies to talk with the labor unions, now Personal income totals have continued to rise. For some time now consumers have shown a tendency to pay off old debts before taking on new ones. But retail trade as a whole was good in March. And consumers by fall should be in an excellent condition to buy more big ticket goods on time If they want to. Many manufactures report an increase in orders. From all signs corporate earnings in the first three months of this year were . control areas, which cover much i of the nation, decline about two 1 cents a retail quart because lush ' pastures cut feed costs. The Chicago decision upset that pattern. Farmers in other districts would be happy to accept more Explosion Rips Cyprus Firm XEROS, Cyprus Iff) — Two explosions rocked an oil stage area of the American-owned Cyprus Mining Corp., yesetrday, causing slight damage to one storage tank. A British army patrol heard the first blast and found a smnll gran- better than a year ago. A sizable | ade had exploded under one of number of companies have in- [ three tanks used for storing crude ' oil. While the patrol was investigating, another grenade exploded un, der a second tank. asant indeed. The Federal Reserve Bo.ard has said this is just what A would like to see continue. Then why did it whenl first heard about it I didn't believe it. There's no reason for it, as I can see." Dunn said OSDA hearings for dairy farmers wll be held April 23 in St. Louis and April 24 in Nashville. He expects them to be "cut and dried affairs." The proposal to be considered, Dunn said, would suspend the usual decrease and then raise the price of ( wholesale milk next month. The j boost would average out at about a ! penny a quart at the retail level, he said. Dunn said the Nashville decision, j in addition to Tennessee cities, would also affect the Little Rock, (Ark.) milkshed. creased dividends. Times Are Pleasant Times for the majority are ple- . do something that many interpert as putting on the brakes? Slight damage was reported to one tank, none to the other. It was the first such incident Involving the big American-owned copper mining company. The big- _ ri ............. a ..... ... . . ges t civilian employer on Cyprus, isn't I it nas a \vark force of about 1,500 The federal reserve says, it isn't I it nas a \vark force of about 1,500 doing that — it doesn't want to | an< 3 Bn American staff of about 50 slow down prosperity. It just wants to deter some Who might be borrowing in anticipation of another inflationary spurt which would lead to rising prices and a drop in the purchasing power of the dollar. Read Courier News Classified Ads. okc your «ld fl FABULON the fabulous Door finish LUMBER CO. l«01 W. Main Ph. 3-8151 Use/ess Loot DALLAS Wl — If the thief who stole a violin from the East Dallas Christian Church has any aspirations for a concert career, he is going to be disappointed with his loot. Church officials said the instrument was strung backwards, the D string is knotted, the seams are buckling, and parts fall out when the violin is handled. Besides, the thief left the bow behind. DON'T WAIT BUY IT NOW ON EASY TERMS ***« sensational offer of ffm *^^£^^'? 9 Jfr - .', this UIYSUZAN wild comportment gloss dish M a* embossed aluminum Jxise! ^ ~ A GOODYEAR Pay as little as $1.25 a week for a pair! Pain Air Conditioner Specia For 30 Days Only! V/2 H. 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