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BLYTHBV1LLB (ARK.)' COURIER NEWS MONDAY JANUARY 10, New Peress Probe PutOffbyM'Carthy WASHINGTON (AP) — An unexpected trip by Sen. McCarthy (R-Wis) has put off at least until Wednesday — and probably until Democrats take control of the subcommittee he has headed — any further investigation of Irving Peress 1 discharge from the Army. McCarthy had called a special meeting of the Senate Investigations subcommittee for this morning, saying he would demand further testimony from Army officials about.who was responsible for the promotion to major and honorable discharge of Peress, a New York dentist he has called a Fifth Amendment Communist. But he left Washington last night saying nothing about where or why Commodity And Stock Markets- N«w York Cotton Mar 3467 3«2 3467 3467 May 3600 3502 3499 3600 July 3616 3520 3516 3519 Oct 3518 3519 3514 3514 Dec 3S22 3522 3518 3518 N«w Orltont Cotton Mar 3468 3473 3468 May July Oct Dec 3604 3505 3500 3600 3522 3523 3520 3520 3522 3522 3515 3515 3524 3624 3518 3518 Chicago Soybeans Jan ... 281 281 278'/ 2 279'/l Mch ... 279 279</ 4 277 277'/i May ... 278% 279 276% 277'/ 2 July ... 275% 275% 273'/i 274'/ 2 Chicago Corn Mch ... 156'/i 156% 155% 155'/ 2 159% 159% 1581/5 158i/ 4 May Chicago Wheat Mch ... 230T4 231 May 229K, 229% 227!4 22714 225% New York Stocks A T and T 174 1-4 Amer Tobacco 66 3-4 Anaconda Copper 50 1-2 Beth Steel 105 7-8 Chrysler 71 Coca-Cola 119 Gen Electric 50 1-4 Gen Motors 98 Montgomery Ward 80 3-4 N Y Central 37 7-8 Int Harvester 37 1-4 Republic Steel 81 3-4 Radio 39 1-8 Socony Vacuum 53 i-i Studebaker . ;... 15 1-1 Standard of N J Ill 1-2 Texns Corp 85 Sears . 76 U S Steel 71 3-8 Livestock NATIONAL STOCKYARDS. 111. lf>—(USDA) —Hogs 14,000; fully steady; 160-220 Ib 17.75-18.25, few down to 17.50; choice No. 1 and 2 180-210 Ib 18.35; 20-240 Ib 11.2518.00; 240-270 Ib 16.25-17.50; 270-310 Ib. 15.75-16.50; 130-50 Ib 7.25-75; sows 400 Ib down 15.25-75, few down to 15.00; heavier sows 13.5015.00; boars 10.50-13.00. Cattle 7,500, calves 1,200; neat- steady; steers'and heifers at 19.0022.00; choice medium weight steers 26.50; utility and commercial cows 10.50-12.50; unevenly lower on canners and cutters; utility and commercial bulls 13.00-14.50; canners and cutters 9.50-12.50; good and choice vealers 2.00-30.00; prime 32.00; commercial and low good 15.00-21.00; slaughter calves slow, early bids unevenly lower. A listening device so sensitive it detects p termite's footfall, the crunch of food in its jaws, and the Bate, promises to make the pest ex-. North Viet Nam Jan. 1, Peiping radio terminator's job easier. '' ' " he was going. He told an associate _he was leaving town unexpectedly and would be back probably Wednesday. Senate sources have indicated that new comittee lists for the Democratic - controlled Congress probably will be completed fay tomorrow or Wednesday. When that happens, and the Senate approves them, Sen. McClellan (D-Ark) wil take over McCarthy's subcommittee chairmanship. McCarthy's announcement of the closed comittee session came as a quick follow-up to the release of a new 10, 000-word Army report on its handling of Peress. Honorably Discharged At his own request, Peress was honorably discharged last Feb. 2— ahead of the March 31 deadline originally set by the Army—after he had appeared before McCarthy's subcommittee and refused to answer questions about Communist affiliations. In a letter to the Army last Feb. 1, the day before Peress' discharge McCarthy had requested that court - martial proceedings be brought against him. The report released by the Army Friday night said the decision to let Peress receive his honorable discharge Feb. 2 was made by Lt. Gen. Walter L. Weible, deputy chief of staff for administration, and Army Counselor John G. Adams after they discussed McCarthy's letter. The Army said Weible and Adams decided there was no evidence "to support the inference contained in Sen. McCarthy's letter as to possible subversive activities by Peress at Camp Kilmer" and no basis for reconsidering the case. Consequently they concluded, the report said, to support earlier staff recommendations to give Peress a discharge as the best and quickest way to get hfm out of the service. In calling for a meeting of the Investigations subcommittee, McCarthy said he would ask that subpoenas be issued for Secretary of the Army Stevens, Adams, Weible and Brig. Gen. Ralph W. Zwicker, the commander at Camp Kilmer, N.J., when Peress received his discharge there. Zwicker is now in the Far East. Beacon Rer'iYal Ends A week-long revival ended last night at Beacon Baptist Church. The Rev. J. J. Johnson, who conducted the services, reported that 28 new members were added during the revival. Reds Establish Contact TOKYO W)—Postal and telegraph communications were established between Red China and Communist said today. Charter No. 14389 Report of Com! Hi on of Reserve District No. « The First National Bank in Blythsville in the State of Arkansas, at the close of business on December 31, 1954. Published In response to call made by Comptroller of the Currency, under Section 5211, U. S. Revised Statutes. ASSETS Cash, balances with other banks, including reserve balance. and cash Items in process of collection ............. . ..... $2.884.826.65 United States Government obligations, dh-eci. and guaranteed 1,307,775.77 Obligations of States nnci political subdivisions ............... 493,574.14 Corporate stocks (including 515,000.00 stock of Federal Reserve bank) .................... ........................ 15,000.00 Loans and discounts (including S3, 153.48 overdrafts) ...... ... 5.209,240.51 Bank premises owned SGO.OOO.OO, furniture and fixtures $19,100.65 .............................................. 79.106.65 Other assets ................................................ 8,220.75 TOTAL ASSETS $9,997,744.47 LIABILITIES Demand deposits of individuals, i)nrtnr.'i-.ships, and corporations $6,528.177.11 Time deposits of individuals, partnerships, and corporations.. 943,706.3C Deposits of United States Government (including postal savings) 206,471.81, Deposits of States and political subdivisions 977,£)74.0fi Deposits of banks ri9fl.340.6-i Other deposits (certified and cashier's checks etc i 9033449 TOTAL DEPOSITS $9,346.004.45 TOTAL LIABILITIES S9.346.004.45 CAPITAL ACCOUNTS Capital Stock: Common stock, total par $200.000.00 $ 2oo.000.00 Surplus 300,000.00 Undivided profits 15174002 TOTAL CAPITAL ACCOUNTS 651740 02 • TOTAL LIABILITIES and CAPITAL ACCOUNTS S9.997J44.47 MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes $ 252,000.00 Loans as shown above are after deduction of reserves of 132,500.00 Loans to farmers directly guaranteed and redeemable on demand by the Commodity Credit Corporation, and certificates of interest representing ownership thereof 110,544.91 TOTAL AMOUNT of LOANS, CERTIFICATES of INTEREST and OBLIGATIONS, or PORTIONS THEREOF (listed above), which are fully "backed or insured by agencies of the United States Government (other tlinn "United States Government obligations direct and guaranteed") f 110,544.91 T> i"? ,?' Owon ' cashler of lhe above-named bank, do solemnly! «wear that tht above statement te true to the best of my knowledge! JACK C. OWEN, Cashier. Correct—Attest: E. M. REOENOLD H. H. HOUCHINS B. R. HAYS, Directors. •MM of Arkansas, County of Mississippi, ss; Sworn to »nd subscribed before me this 5th day of January, 1955, »nd I hereby certify that I am not an officer or director of this bank <8c»l) j , JESSE TAYLOR, Notary Public.' My oommlMfoil expires 1-1-1958. Obituary John Gordon Services Set For Tuesday John Gordon, 76, former Dell farmer, died in Memphis' Baptist Hospital yesterday afternoon. Funeral services will be conducted at 10 a. m. tomorrow morning in Holt Funeral Home chapel by the Rev. Curtis Downs. Burial will be in Memorial Park Cemetery. He made his home in Dell until his health failed in 1952 when he went to Memphis to live with his daughter, Mrs. HazueJ Bragg, He leaves a daughter, Mrs. Bragg; two sons, Charles Gordon, West Memphis, and Harry Gordon, Gary, Ind.; and three grandchildren. Pallbearers will include James Metcalf, Cecil Metcalf, Charles E. Brown, Billy Martin and CObe Bowers, all of Dell. Rites Conducted For Lonnie Potts CARUTHERSVILLE — Punera services for Lonnie Potts, 70, were held at 2 this afternoon at the Free Pentecostal Church in Hayti. Mr. Potts passed away at his home on Route One, Bragg City, Saturday after a long illness. He was born in Sikeston and had lived in Caruthersville some 30 years before moving to Bragg City. The services were conducted by the Rev. A. H. Downs of Hickman, Ky. Burial was in the Maiden, Mo., Cemetery. H. S. Smith Funeral Home is in charge. He is survived by his wife, Mrs. Annie Potts of Route One, Bragg City; a daughter, Mrs, Opal Harrie of Glendale, Calif.; a stepdaughter, Mrs. Ruby Yount of St. Louis; a step-son, Willard Pierson of Irvin, Texas; four brothers, Guy Potts of Goreville, HI., Virgil Potts of Maiden, Sam Potts of St. Louis and John W. Potts of San Bernardino, Calif.; twos isters, Mrs. Minnie Morris of Glendale, Calif., and Mrs. Vunia Moses of St. Louis; five grandchildren and one great- grandchild. Barbara Gullett Passes at 23 Word has been received here of the death of Mrs. Barbara Kathryn Gullett. 23, who died Friday night in Hot Springs. She is the granddaughter of Mr. and Mrs. Will Griffin and Mr, and Mrs. Will Jolliff. both of Manila. Funeral services were conducted in-Hoi Springs' Gross Mortuary today. Mrs. Annie Long Dies in Florida Funeral services for Mrs. Annie Jane Long, mother of H. E. and L. O. Long- of BIytheville, will be conducted Thursday at 2 p. m. >She died at New Smyrna Beach, Fla., at the, age of 80. She was a frequent BIytheville visitor. Other survivors include, J. D., Dale and Arils Long, of Dallas, J. H. HOUOMON H. MCHAUDSON | MAJ C YEASE* ''I I.K.WOU M. W. STENCH T. f. 8RENNAN OR. W. fHILUPS AMERICA'S 10 OUTSTANDING YOUNG MEN — Shown above are the 10 outstanding young men of 1954 chosen by the U. S. Junior Chamber of Commerce. 'They will be honored in Louisville, Ky., on Jan. 22. Top, left to right: J. H. Hollomon, 35, Schenectady, N. Y., for metallurgy research; Hamilton F. Richardson, 21, Baton Rouge, La., for tennis contributions as Davis Cup Player; Maj. Charles Yeager, 31, Hamlin, Va., for work as Air Force test pilot; Frank A. Rose, 34, Lexington, Ky., for excellence as president of E. F. HOUINGS Transylvania College; Dr. William A. Spencer, 32, Houston, Tex., for polio research. Bottom, left to right: Terrence P. Brennan, 26, South Bend, Ind., for outstanding athletic leadership; Dr. Wendell Phillips, 33, Concord, Calif., archeological re-, search; Arthur M. Kraft, 33, Kansas City, Mo., for modern art; Robert F. Kennedy, 29, Boston, Mass., for outstanding work as counsel to Senate committee; Ernest P. Hollings, 32, Charleston, S. C., for outstanding public service. BENSON Continued from rage l took no direct hand in the FOA decision to hire Ladcjinsky. The President is understood to have left the matter almost entirely to two of his top aides—Chief Presidential Asst. Sherman Adams and Special Counsel Bernard M. Shanley. They entered the case after the storm broke and are said to have felt the President should not be bothered with the controversy. Because Adams and Shanley followed that course, it is possible that Eisenhower may decide differently—if he makes a full study of the case—than his aides reportedly have with respect to any need for revision of the security program. . Sen. Humphrey (D-Minn) said he would forward to the President today a letter saying the controversy over Ladejinsky is challenging the President's leadership and should be given a final presidential decision. Benson told newsmen in Chicago Friday he would still fire Ladejinsky unless he heard new evidence, saying the public doesn't know aU the facts. Negro Is Held For Burglary CARUTHERSVILLE — The Pe- miscott County Sheriff's Office revealed today that James Noel, 32- year-old Negro, is being held by the police department at Chandler, Ariz. in connection with a burglary and larceny charge here. An extradition hearing for Noel is to be held at Phoenix, Ariz., Wednesday, officers said. Missouri Governor Phil Donnelly has requested the extradition. He is accused of robbing the DeWeese Grocery at Hayti around the first of December. Caruthersville VFW Is Entered CARUTHERSVILLE—The V.F.W. Building at Hayti was broken into and robbed Saturday night, the Pemiscot County Sheriff's office reported Sunday. ' About $12.25 was taken from a beverage box and an old cash register was also taken, officers stated. Entry was made by an unknown person or persons who broke a window in the rear of the building. Chief Deputy Sheriff Clyde Orton and Hayti Policeman Raymond Ings investigation Sunday morning and a further investigation Is being carried on. U.N. (Continued from Page 1» Hammarsltjold's visit was in an earlier broadcast which charged America with talking about "direct action" to force release of the imprisoned fliers on Jan. 5, "the Very day when Dag Hamarskjolrt , . . arrived in Peking (Peiping)." No Mention of Purpose ' There was no mention of the purpose of the visit. Meanwhile, a tense atmosphere In Canton in south China was reported by a Canadian newsman who returned to Hong Kong after an unsuccessful attempt to get passage to Peiping in time to cover Hammarskjold's meeting with Chou. William Stevenson, correspondent for the Toronto Star, who has made two recent trips into Red China, said he had not seen the same signs of tension In Canton on his previous visits. He said Red troops were manning antiaircraft guns around Canton while women patrols roamed the streets. It was rumored that Hammarskjold would be in Canton Saturday, he reported. "One official made a remark about what would happen If the 11 U.S. airmen were released, leading me to believe that they must have had more information than Peiping has told them," he said. CONGRESS (Continued from Page 1) can "add imeasurably to the security and, well-being of the United States and the rest of the free world" by giving him authority to: 1. Negotiate tariff reductions not exceeding- 5 per cent annually for three years on selected products. 2. Cut any rates which exceed 50 per cent down to that level over the three-year period. 3. Reduce by not more than one half, in three years, the tariffs on goods which are not now being imported or which now are being imported "only in negligible quantities," The President asked this authority "subject to the present peril and escape clause provisions." Un- Osceolans Start New Wyatt Fund OSCEOLA, Ark. (fl—A group of sports enthusiasts here have started another fund for Bowden Wyatt but It's a little different from the fund that was raised for the Arkansas coach a couple of moyUij ago. Arkansas fans recently raised $20,300 to buy a Cadillac for Wyatt and provide a cash bonus for him and his staff. Wyatt now has accepted the head football coaching job at his alma mater, the Unlversltey of Tennessee. Now, Osceola sports sports enthusiasts have started a fund "to buy Tennessee license plates for Wyatt's Cadillac." Ted Woods of radio station Kose says that donors prefer to remain anonymous and sponsors won't say how much has been collected. REDS (Continued from Page W "that for many years one of the main objectives of the Communist parly has been to colonize and ultimately control the basic industries in the United States, such as the steel, the electrical, the railroad, and the shipbuilding. "To that end concerted efforts have been made by the party in placing Communists in facilities, many of which are engaged in making critical items for the defense of this country." The report said testimony showed the Communist party organized "intelligence operations on a national level" in basic industries, with party members employed in these plants being pumped for all the knowledge they possessed. The subcommittee said 48 witnesses testified publicly in its investigation and 32 invoked the protection of the Fifth Amendment against possible self-incrlmination when questioned about Communist activity. der these provisions, U.S. industries greatly damaged by tariff cuts can seek an upward revision of the cuts. Panama Cabinet Intact PANAMA (/P) — Informants, said today President Jose Ramon Guiz- ado has decided to keep intact the Cabinet he inherited from his murdered predecessor Jose Anonio Remon. But tension remained high in the five-party ruling coalition. Thunder is heard in New Mexico 50 to 70 days out of each year, j Grady Long of Houston; n daughter, Mrs. Jess Collier of New Smyrna Beach and 13 grandchildren. Regular Shipments are Now being received on The 1955 OLDSMOBILE Rocket '88' and '98' We can now Make Immediate delivery YOU CANT US When it comes to trading! 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