The Courier News from Blytheville, Arkansas on April 25, 1956 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Wednesday, April 25, 1956
Page 5
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WEDNESDAY, APRIL 28, 1958 BLYTHEVILLE (ARK.) COURIER NEWS PAGEMVE Farmer Isn't Only One Faced With Tight Money Troubles By SAM DAWSON NEW YORK (AP) — The farmer isn't th e only one with money trouble today. Tighi money and costly credit plague many businesses — especially the smaller and least known ones — looking with difficulty for the loans or new capital they want for operations or growth Some of the money tightness is said to be traceable to a rush to beat the further price rises that many foresee after this summer's \v age talks. Bankers say the demand for loans is effectively drying up available funds. Insurance companies, with total assets above 90 billion dollars, report they are largely loaned up in carrying for their regular customers. At the same time, rising Interest rates and investor choosiness are making some new corporate financing "sticky," and have caused some companies and local governments to cancel earlier plans to seek money in the market. The prices of marketable U. S. government tfonds have fallen — meaning- that the yield on them has risen in line with the increase in returns on other forms of lending or investing. Up 2.7 Per Cent One prime indicator of the mon-i ey market — the U. S. Treasury's I 91-day bills sold each week — has just climbed to 2.788 per cent, the highest cost for such borrowing since the 1933 bank holiday when it touched 4.259 per cent. How much the Treasury has to pay to borrow each week usually shows how tight or easy the market may be — although weekly fluctuations themselves may reflect on temporary or special conditions. Bankers say the federal reserve has been following rather than leading the money market — that Its recent hike In the interest it charges member banks when they borrow was chiefly a step to get in line with rising interest charges everywhere as demands for loans have risen and available lending funds have shrunk. Bankers say the board isn't trying to make money tighter — it just isn't doing anything to make it easier. Why The Rush? Why the big rush this spring to borrow money? Over and above the usual need lor credit In business operations have been two factors. One is that business inventories have been climbing. It' takes money or credit to carrj these inventories until they are used up eventually in production or through sales to consumers. A second factor has been the unexpected stepping up of plans to spend for new plants and equip ment. This has usually been explained as an urge to increase production capacity to meet future sales anticipation or to modernize and thus trim production costs But bankers say that fear of inflation may be behind the rush of business at this time to build up inventories and to place build- Ing contracts and equipment orders. "Northeast Arkansas' Most Popular Theatre" Last Times Tonight PRE-RELEASE First Small Town Showing In Memphis Exchange Area Admission 25c & oOe HOWARD HUGHES CONQUEROR co.siortug PEDRO ARMENDARIZ with AGNES MOOREHEAD-THOMAS GOMEZ JOHN HOVI-WILLIAM CONRAD-TEOdeCORSIA A DICK POWELL Protein "- "IOSCAR HILURO-SSjDIfflPOWEU OSCEOLA NEWS By Belly* Nelle SUrr Oliver Cromwell was born on this date in 1599. Marconi, the inventor of telegraphy, was also born on this date In 1874. Missionaries left Independence, Mo., for Oregon on April 28, 1834. Newport, B. 1., was established on April 29, 1639. George Washington was inaugurated a> the first president of the United States on April 30, 1189. Genera! Post Office was established in Washington on April 30, 1810. Penny (ha!) post cards were first issued on May 1, 1873. In case you want to send Bing Crosby a birthday card on his 52nd birthday, you'd better hurry, because his birthday comes up on May 3. "Overheard in a ten cent store: "O. K. be quiet, be quiet and mo- ther'll buy you that drum." The more things a person is ashamed of, the more respectable he is Moiitony it the awful reward of the careful. Irving Berlin once said: "We depend largely on tricks, we writers of songs. There is no such thing as a new melody." And that I believe. I'd like to take a loot at those $27 wastebaskets for the executives in a "certain state department." I don't blame the House Appropriations Committee for doing a little crfticizing on the matter. Belly-aching would be a better word for it. And what's wrong with the 98c ones? They'll hold about as mucli trash as the $37 ones, I'm thinking. Folks get mighty Men and handsome when they are spending somebody else's hard-earned cash. It ought to be agin the law for millionarles to tell Uncle how to get deeper in debt. Put a few house wives up there in Washington, who have had to balance their budgets since they said "I do" and I'll bet- cha one thing,. they'd be using big brown paper grocery bass, instead of $27 wastebaskete. Have you ever wondered if there KEEP THIS AD! Over 15,000 Arthritic and Rheumatic Sufferers have taken this medicine since it came on the market. Free Information by giving your name and address to BRA'ZIL MEDICINE CO.. P. O. Bor 522, Hot was butter to go along with that milk and honey that the Bible talks about? Well in Proverbs (30:33) it says: "Surely the churning of milk bringeth forth butter, and the wringing of the nose bringeth forth blood; so the forcing of wrath bri- ngeth forth'strife." The stream is always purer at its source. If you would be good, first believe you are bad then you'll have something to work on. It was old Davey Crockett who said, "Be sure you are right, then go ahead." Vessels never give so great a sound as when they are empty. The secret of being tiresome is in telling everything, As an old prophet said: "In much of your talking, thinking is half murdered.' Big talkers usually get out of an awful lot of work themselves, but they're the ones who can pour it on the other fellow. Bet you know of one right this instant. The best place-to find this type is in a woman's organization. Have i talked too much? Don't answer. The poor always worry about paying their debts; the rich have to be reminded. For the most mouth-watering pie crust you most ever tasted try this one I picked up down in Houston, Tex., last week. I could hardly wait till I got back home to try it out. 1J2 cup, lees 1 tablespoon, of shortening. 2 teaspoons of instant cocoa. 1 teaspoon instant coffee. 3 tablespoons boiling water 1 teaspoon milk 1'4 cups sifted all-purpose'flour Ij2 teaspoon salt 1;2 cup" finely chopped pecans You know the method—or should —of mixing pie crust dough. Boll out between two pieces of waxed paper. Pell off top layer of paper and sprinkle the pecans over pastry and gently roll the pecans into the pastry, using waxed paper natch. This makes a delicious crust for a cheese cake or just about any of your favorite filling and especially apple pie, that was what I tried It out on and was it good. Read Courier News Classified Ads Floats your foot in rubber bubbles the Trotter Lined from heel to toe, top to bottom .. . with cushiony rubber foam ... to wrap your foot in super-soft ness. Complete flexibility ... heel-hugging, loc-free fit... no slip, no gap, no pinch ... looks good from every angle. America's outstanding shoe value. IHI SHOI WITH tHI IIAUTIfUl lit I *. SONS I SHOES Fire Destroys Century-Old Hotel; All Guests Escape WARREN, Pi. VP) — A ta»t- spre»ding fire wrecked the century- old Carver Hotel early today. An. estimated ffi guwt« fled to safety. Hotel officials said they believed all occupants had been accounted for within two hours after a general fare alarm was sounded at 1:35 a.m. One guest, who identified himself as N.J. Santon, 61, Oswego. N.V., crawled out a window of his first- floor room about 3 a.m., apparently uninjured. Others fled down rear stairways after being warned by telephoned alarms from the hotel switchboard and by hotel employes: Firemen hoisted aerial ladder* to rescue other guests. < The blaae burned furiously for more than two hours through the four-story . brick structure in the heart of Warren's downtown business district. Edgar McClen, night clerk, remained at the hotel switchboard until melted wires broke off his communications. Then he grabbed the register and fled to an office across the street where he immediately began checking for any missing guests. Warren Hospital reported it had admitted three persons who had been in the hotel. They were reported suffering from shock. Milburne Anderson, 73. owner ot the hotel, collapsed from a heart attack', and was taken to the hospital. Cause of the fire was not determined, nor was there any immedi- ate estimate ot danugr. trier BLEND Curry powder is it blend of 16 different spices. They include turmeric, ginger, black pepper, cayenne pepper, powdered cloves, powdered caraway seeds, cow- On South Highway 61 GIANT WIDE SCREEN Box Office Opens 6:30—Show Starts at Dusk Admission 50c—Children Under 12 Free with Parent! ered cardamon seeds, and powdered coriander seeds. I Head Court* Mewi OkalflM Ate. THEATRE On W. Main St. In Blythevilta Phont 3-4621 Weekday Show Starts 7:00 p.m.—Sar. & Sun. 1 p.m. WED.«THURS. »FRI. For Children's Upset Stomach Get mild good (bating relief PERCY MEDICINE tO POTENT New Be*ucy S tccendrUoUtedbr 33-year-old l»bof»- tor?. FITC rimei u potenc is oftli . Only 7 HORMONE SERUM Look YoM|«r- Fttl Yovngarl PW« Away Wrinfc/ei, Crow'i r*8*f AiMiing new HORMONEX BEAUTY SERUM is M potent. 7 diop» <Uilr fide* wrinkles and aow't feet. When smoothed HI skin, supplies maximum diilr illot- •tui of fcnule hormonci —hormones •ecaMfr to youihfitlncjs of praaiailj all ftmite orjttiu. Hnvr with Lanolin and leniflc for fasten p ennui ion. Skin feels tofta, smoother, fresher almost insumlr. Acn » quicklr becmusc it's 3 ttmci •> ••vetful u swndird hormow anrn— H,ODO I.U. (p«r ounce. It's cconomkat. tm—ana las thie 4 i » di?. 100 DAT SUPPLY UK it n night, before miring—look fat imizins r«uJti in the morning, or—ay ii « * diytime mike-up hue, it't frigrint ind (t/etieleis, loo! So. fot * fteihei, bfiithter. youngo-lookinK complnnn KCI i bottle of HORMONEX BEAUTY" SERUM todiy. Onlr 45.50 plus mx. On »lc »t Toiletry CounletJ, Depart. •Mt Scotct *ad Drat Store* nerywhere. Hi-Way Drug Main at Division Phon 2-2019 LAST TIMES TONIGHT Doubli Ftaturf )HNCY*OLSm • FRANK lOttfOY • ci«t VUM «.u,^-.. OftlNJAHNIWSS aft** nm - WMW nuwui WILLIAM KEIGHLff ALSO CARTOON THURSDAY and FRIDAY First Blytheville Showing \ PLUS TWO COLOR CARTOONS Centrally Located For Easy Shopping Cotu aLenet HI-WAY DRUG We Give Top Value Stamps Frtitfc HlMer, ftei. FhinuM * MIT. Charlw Br«t<<>. OWM Main at Dirinion Phnut 2 2111 DOUBLE FEATURE Photographed at a REAL under In* iupirvi»ion and wllh th« approval ~ of Tht American Sunbathing Aiicrclalto* * BOY'S PRISON G. 0. POETZ OIL CO. FUEL OIL \\ I Sell That Stuff" Phone 2-2089 Visit Our Conoco Service, Ash A Division \> plainly a case of foreign intrigue! Orientals Foriunet looks fo the fosf, captures exotic color for these fabulous fun-loving shoes. Golds, blues, reds, yellows blend info the beauty of Fortunet Orientals. Exciting fo see ... and to wear, because Fortunsts famous floating step is there! Add a bit of the mystery of the East to your wardrobe with Orientals! K)rtunet MiMic by Muzak

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