The Courier News from Blytheville, Arkansas on July 8, 1953 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

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Blytheville, Arkansas
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Wednesday, July 8, 1953
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Page 5
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WEDNESDAY, JULY 8, 1953 BLYTIIEVn.LE fARK.) COURIER NEWS PAGE FIVB " Europe's Economy Is Fast Improving By WALTER BKKEUE JR. NEW YORK (AP) — Signs of a business pickup in Wes ern Europe may hold a if the Kremlin doesn't U. S. businessmen recently returned from Europe paint a glowing picture of humming factories, hardening currencies nnd almost full employment in many a country whose industrial plant was little more- than a shambles eight short years ago. Independent surveys tell a similar story. In its July newsletter the Guar anty Trust Co. of New York tells of a "great spurt in the consiruc- lon of dwelling houses and puMic buildings" In Western Germany. Reserves Up "Production, sales and employ ment continue to advance vigorously," it says. The letter also notes that the gold and dollar reserves of Britain's sterling area "increased by S48 million in May a total of 52,321,000,000. Taking a somewhat longer view of the situation, the tax foundation, private non-profit research concern, says the recovery of Western Europe has advanced to the point where "it may be possible to reduce our foreign aid program somewhat without Weakening our military and economic pos- State Officers Are Not Bound But They Can Take Advantage of Purchasing Act LITTLE ROCK W) — Atty. Gen. Tom Gentry has held that the state's constitutional officers—with the exception of the governor — are not required to abide by purchasing provisions of the state's new Fiscal Code. The opinion said that these officers, however, may take advantage of the purchasing provisions if they wish. The fiscal code outlines financial and purchase procedures for the state and gives the director of finance broad powers. It contains a provision whereby mass purchases may be made for most state departments but does not require that the constitutional officers get their supplies through these joint purchases. Tfie opinion went to Secretary of State C. O. Hall, Auditor J. Oscar Humphrey, Treasurer Vance Clay- ; ton. Land Commissioner Claude Rankin and Finance Director Frank Storey. The ruling pointed out that the : governor was specifically included I in purchasing provisions of the code. The opinion was the second issued by Gentry's otfice on purchasing procedures set out in the Fiscal Code which was adopted by the 1951 Legislature at the request of Gov. Cherry. An earlier opinion said that a provision authorizing that the finance director let state printing contracts was void and this duty should remain with the secretary of state subject to review by the governor, auditor and treasurer. Cherry has said that the ruling on this point will be tested in the courts. ray of hope for the U. S. taxpayer — upset the applecart. ition." Among other things, the founda tion lists two important indicator as evidence that war-wrackei Western Europe is getting back on its feet: Industrial production has been at or above pre-war levels for tin past two years. Despite a sharp rise in popula tion, per capita consumption o farm products is ahead of pre war in all of Western Europe ex cept Austria and Ireland. The foundation emphasizes tha the recovery of Europe is by no means complete, and won't be un til the ontinent improves its trad position. Must Have markets "Further success in increasing production and consumption level depends on Western Europe find ing the proper markets for her goods and services," the founda tion study says. A somewhat similar view taken by Warren Lee Pierson head of the U. S. council of the International Chamber of Com merce and chairman of Tranb World Airlines. Noting that "ter rific pressure" exists in Europe for expansion of trade outlets Pierson says the American public "might as well adjust itself to the fact that there will be an increase in East-West trade." As an antidote he suggests not more U. S aid but "a foreign economic policj of expansion which would increase imports into the American market and produce a concurrent expansion of U. S. exports. Our whole economy would benefit." Manila, Ark. LAST TIME TONITE LOOSE IN LONDON With Leo Gorccy and the Bowery Roys THURSDAY SOUTHSSDE 1-1000 • With Don Deforc & Andrea King luxora Youth Hos Bske Fun LUXORA—A mid-summer youth recreational feature was to be held lere this afternoon, when small fry and teenagers compete for cash and food prizes in a bicycle marathon. Coach Charles Johnson, who is directing the affair, stated that two events would be featured: a one mile race for the five to eight age group, and a five mile race for the nine to sixteen group. Cash prizes will be awarded tht two top winners in the older group and ice cream will be feted the junior winners. Girl cyclist wil be given a handicap over (he boy pedal-pushers ir each event. . An expected entry list of some 50, each with his own cheering section of parents and relativer promises a short but lively perio of excitement. The races are scheduled to begin at 5 p. m., and will cover a •losed course of six paved blocks Official judges untl timers will be posted at each course turn to keep the speedsters corralled and on track. In West Blytheville Air Conditioned by Refrigeration Show Starts Weekdays 7 :QO Sat. Sun 1:00 Always A Double Feaiure LAST TIMES TONITE -HENRY BLANKE FEIIX'FE'SI !^«« r-../1, Arl Coiui .'.j Guy DidO'e —PLUS- KILLS JOHNSON BRASS, BERMUDA GRASS, and many other grasses and weeds. Destroys weed roots . . , prevents regrowth. In convenient powder form; easy to mix far us* «s a spray. E. C. 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