The Courier News from Blytheville, Arkansas on January 24, 1955 · Page 5
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January 24, 1955

The Courier News from Blytheville, Arkansas · Page 5

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Blytheville, Arkansas
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Monday, January 24, 1955
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Page 5
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MONDAY, JANUARY 24,19B5 BLYTHEVILLE (ARK.) COURIER NEWS PAGE rnri Over Eight Million People Are In' U.S. Stock Market Now Editor's Note — Here, in the first of five articles, Rclman Morin, one of the Associated Press 1 top reporters, telli the story of the stock market — present, past and what the experu think of the future. By RELMAN MORIN NEW YORK (AP) — Between eight and nine million Americans, according to the best estimates, are "in" the stock market today. Should you be among them? Or do you feel the market is no place for your money? This question presented itself to a schoolteacher In upstate New York some years ago. The story of her experiences In the market is true. But it is not reported here in order to convince you either way. It is simply one example of a big, dynamic, exciting, and supremely enigmatic situation in America at this moment—a condition that goes beyond Wall street and Washington, right into your living room. Miss X, the teacher, unexpectedly received $5,000 from the sale of a family farm in California. At that time, she was approaching retirement. "I knew what my income would be from my pension and some insurance that was about to mature," she said. "And I had some savings in the bank. All told, I expected to be reasonably comfortable after I retired." NoW, the $5,000 windfall presented an opportunity to bolster, this fixed income. She decided to put the money in stocks. Unfortunately, she took the advice* of "a friend of a friend" and, some four years later, her portfolio showed a net loss of $1,100. 8h« then sought the advice of a broker. .The branch manager in her town called personally and ex- mmlned her stocks. Pour of the seven she held, he said, were "very dubious — very speculative." She laid she was Interested In security, not speculation. After »n analysis, the broker returned with a recommended list of stocks. She accepted nil but one. Instated, "I want to have some fun with the other." (P.S. She has done well with it.) During the next four years., Miss X received some dividends and put them in the same stocks. She estimates today her holdings total nearly $20,000 at current prices. "I hope to begin taking out about $100 a month In dividends," she said. This happens to be' a success story. In a different market at mother time, the ending might have been radically different. But this illustrates a number of points: • • • 1. Miss X is one of the thousands of new investors in the market. Some analysts estimate more than 500,000 people are coming in every year. 2. They are by no means all "big" investors. Many have annual incomes under $8,000. 3. Miss X had some savings. Americans are putting 20 billion dollars a year into savings today. 4. She has a pension and other sure income. Hence, she could look at the $5,000 as "surplus" money, a sum she could afford to risk. One big attraction of the stock market today is the booming progress of American business. Corporations showed an estimated total profit of over 17 billion dollars In 1954—double what they earned in 1929. Nevertheless, at yearend, the stock market was beginning to worry a great many people. Was it too high? Was another wild orgy of speculation gathering momentum, to be followed by a crippling crash and a depression as in 1829. Analysts pointed the sharp contrasts between 1954 and 1929. They said this is primarily an investment market, while 1929's was speculative. Still- Indicators were approaching the all-time highs, set in 1929. On Sept. 3 of that infamous year, the Associated Press average of 60 stocks hit 157.7. It has never been reached since, but it stood at 156.4 last Jan. 3. And the Dow-Jones industrial average based on different components did zoom past the 1929 peak of 381.17. It,went over 400 for the first time In history. Suddenly,! the Federal Reserve acted. Margin requirements were raised from 50 to 80 per cent. What did that mean? Well, formerly If you wanted to buy $100 in stocks "on margin,'.' you put up only $50 aw borrowed the other $50 from your broker. Now you have to put up $60. The Federal Reserve has sometimes put the rate up to 100 per cent—meaning, you can't borrow at all to buy stocks. Then Sen. Fulbright (D-Ark), new chairman of the Senate Bank- Ing Committee, announced the committee would hold an inquiry, probably beginning Feb. 21, to see what's going on in Wall Street. Soon afterward, the market dropped, but it was still making news, the "biggest bull market In history." Tomorrow: What is the stock market? Is it predictable? DON'T BOTHER COUNTING 'EM-H's a special litter that occupies th« attention of "Silva," a two-year-old collie. She gave birth to 16 pupt, • record in her neighborhood in Stockholm, •wtdeo. CX thi original litttr, 1C are still ilivt. Attention TV Owners! We can now offer jou what you have Ions been waiting for... Picture Tube Guarantee Service For only a small yearly payment, we can guarantee your picture tube. Phone or come by our shop and let us explain our rates and Krvioe. Call 3-4257 Days - 3-6704 Nights Leon Robertson's RADIO & TELEVISION SERVICE 515 E. Main Blytheville, Ark. PRESCRIPTIONS QiUett fitomUi Hi-Way Drug Main & Division Ph. 2-2019 Hours: » a.m. to 9 p.m. • FREE DELIVERY • Fountain Service with Fortune's Ice Cream Stewart's Drug Main & Lake Ph. 2-2822 Hours: R a.m. to 10 p.m. • Dependable Service Licensed Pharmacist At Both Stores AT STEELE SCHOOL INSPECTION — Punch and cookies were served visitors to Steele's new high school last week from the home economics department (top photo). Dalton Rogers, Hay- tl; Louis Larch and Howard Tteeters, Steele; C. M. Bell, Hayti superintendent; Riley F. Knight, Steele superintendent; L. L Teaster, Bragg City superintendent, and Mrs. Tommie Lou Brooks, secretary in the school office, are pictured in lower photo. (Photos by Yeager) Mr. and Mrs. Dewey Neeley have as weekend visitors Mr. Neeley's cousin, Charles Neeley and Mrs. Neeley and Mr. and Mrs. Frank Pierce of Caruthersville'. Mrs. Abe Liverant of Luxora entertained at canasta Tuesday In special compliment to Mrs. Louie Lyon of Memphis. Guests from Osceola and Luxora attended. Mrs. Liverant served a dessert plate. Mrs. Lyon was high score winner and Mrs. Melvin Lapides won low. Mrs. Bruce Ivy was hostess to her bridge club Wednesday. The guests gathered at the Seminole Club for a barbecued chicken dinner. Mrs. O. E. Massengill and Mrs. Harry Matlock were special guests. Mrs.Bob Kendrick won high score and Mrs. Darrell Grain second high. Mrs. Emmett Dunn entertained her bridge club and extra guests at luncheon Wednesday. Special guests were Mrs. Max Hart, Mrs. Palmer Btanton, Mrs. Wlrt Bleed, Mrs. P. D. Johnson, Mrs. R. O. Mears and Mrs. Bill Ellas. In the games of bridge that followed the luncheon, high score jrlze was won by Mrs. Oarner Robblns second high went to Mrs. Btanton. Mrs. Ear It Robblns won low. Mrs. Carl Anderson was hostess to Club 17 for a dinner party Thursday night at her home. Additional quests were Mrs. Bill Muncle of Washington, D. C., and Mrs. Chris Tompklns, Jr. Mrs. W. T. Little was hostess to her canasta club Thursday afternoon. A dessert course preceded the canasta games. Mrs. Wlrt Steed and Mrs. Tommy Spires played with the members. Mrs. Reba Davidson of Oniontown, Ala., was a special guest Thursday when Mrs. Jack Uzzelle entertained the Town and Country Canasta Club. Mrs. Uzzelle served luncheon to her guests. rrank Williams and Bruce Ivy returned home Thursday from Las Vegas alter a business trip in the resort city. Mrs. Ivy met them at the airport in Memphis and drove them home. Mrs. T. L. Stanford was hostess to her bridge club Wednesday at her home In Luxora. All members were present. Pie and coffee were served. Mrs. Elizabeth Sliman won ich score, Mrs. T. L. Hudson won second high and Mrs. R. C. Langston won low. The Luxora Book club met Wednesday night at the home of Mrs. M. C. Cook, Sr. Mrs. T. L. Stanford reviewed the book, "The Seduction of the Innocent." A dessert course was served during the even- ng. Mayor Ben F. Butler, Sr., was lost to a breakfast Thursday nornlng at the Seminole Club. Those attending were the officials of Crompton-Shenandoah Company. Harold Ohlendorf, Elliott Sir- lain, Ben Butler, Jr., and Oene Butler. Mrs. H. E. Phillips was hostess to her bridge club Thursday afternoon. Cream puffs and coffee were served. Mrs. Leroy Owens and Mrs. Bob Reldy were addition- tl guests. Darrell Crane is home after a 3usiness trip to Houston, Tex. Mr. and Mrs. Ted Woods enter- ;alned Friday night in their new home In special compliment to Mrs. John A. Edrlngton, known ov- KOSE radio station a> Anne Edrlngton. Mrs. Edrington was on the staff at the station and an- lounced the Woman's Viewpoint, Before going to Maryland to make her home. The party Friday night BEWARE! COUGHS FROM COMMON COLDS THAT HANG ON Chronic bronchitis may develop if your cpu&h, chest cold, or acute bronchitis is not treated and you cannot afford to take a chance with any medicine less potent than Creomulsion. It goes into the bronchial system to help loosen and expel germ laden phlegm and aid nature to soothe and heal raw, tcnder.inflamcdbronchialmembranes. CreomuIsioQ Wends b«chwood creosote by special process with other time-tested medicines for coughs. It contains no narcotics. Get a large bottJe of Creomulsioa at your drug store. Use it all w directed. Creomulsion is guaranteed to please you or druggist refunds money. Adv. Mrs. Bob Beidy Invited Mrs, W. V. Alexander and Miss Boo Balloue to join her club Monday .night when she entertained them for supper. GETTING UPNIGHTS It worried by "Bladder Weakness" (Gettinf Dp Nights (too frequent, burning or ttcn- Inz urinsllon) or Strong, Cloudy Urine] due to common Kidney and Bladder Irritations, try CYSTEX lor quick, gratifying, comforting help. A billion CYSTEX tabletf used in past 25 years prove safety ant BUCCCSS. Ast druggist for CYSTEX under tatlsfactton or money-back guarantee.. ILLNESS Most of us, however, were relieved when it was explained to us that alcoholism was an illness. We saw the common sense of doing something about an illness that threatened to destroy us. We quit trying to deceive others — and ourselves — into thinking that we could handle alcohol when all the evidence pointed to the contrary. It was emphasized to us from the beginning that no one but we, ourselves, could determine whether or not we were alcoholics. The admission had to be sincere and based on our o'.vn judgment — not that of a doctor, husband, wife or spiritual advisor. Our friends might he able to help us understand the nature of our problem but we were the only ones who could determine whether alcohol had become an uncontrollable problem for us. Frequently we asked: "How can I tell if I am really an alcoholic?" We were told that there were no hard and fast rules for determining alcoholism, We learned that, there were, however, certain tell-tale symptoms of the illness we call alcoholism. Reviewing our drinking experiences and their consequences, most of us were able to discover additional corroborating evidence. ALCOHOLICS ANONYMOUS Box 873 Blytheville, Ark. Closed Meetings Tuesday Night? at 8 p. m. Open Meetings Friday Nights Hi S p. m. CLUB ROOM at 410 E. MAIN The Most Expensive Suit ...Looks Only As Good As Its Last Cleaning Job! Be Sure of the Best... Let Hudson Clean Ail Your Clothes With the STAYBRIGHT CLEANING PROCESS! The amazing New Proeesi that keep« your clothes looking new — restores the original lustrous colors after each cleaning— Also keeps fibers alive and resilient. > Better Cleaning »The Hudson Finish »8-Hour Service HUDSON Cleaner — Clothier — Tailor Phone POplar 2-2612 in llythcrilU Included the itaff it the lUUoa and their families, Mrs. 2«k« Pollard wu hostew Friday to her bridge club. Queiti playing with the club were Mri. Jimmy Easley of Joiner, Mrs. Melvln Speck and Mrs. Jack Wilson. Mrs. Pollard served a dessert course. , Mrs. J. W. Cartwrlght had »U friends In Thursday afternoon for canasta. A salad plate was servtd when the guests gathered ai OM o'clock. Cow Cafeteria BUENIPS. Mich, (fi — Oatl and Kenneth Roberts have- built t, "walk-In" restaurant for their 100 head of yerling Hereford beef steers. It's a silo, 90 feet tall and fronted by a concrete slab yard with feed bunks, tended automatically. Trees provide natural shelter and eliminate any need for buildings. Read Courier News OluiUlid Ad« BUDDY'S • Flats Fixed • Mechanical Work • Generators & Starters • Road Strviea • Wash & Grease • Accessories Phone 3-9772 For Prompt Service Buddy Lucius Service Sta. 500 South 21st St. IN THE CHANCERY COURT FOB THE CHICKASAWBA DISTRICT OF MISSISSIPPI COUNTY, ARKANSAS Drain*je District No. 16, Mississippi County, Arkansas Plaintiff VI. No. 12,889 Certain Lands and Clara Croome, et al.. Defendants NOTICE OP PENDENCY OF SUIT All persons having or claiming an interest in any of the following described lands are hereby notified that suit IE pending In the Chancery Court for the Chickasawba District of Mississippi County, Arkansas, to enforce the collection of certain drainage taxes for the years 1953 and 1951 on said lands, each supposed owner having his or her name set opposite his or her track .of land or lot, together with the amounti of taxes severally due from each, to-wit: RURAL Yean Delinquent Total Tai Per Yew Assumed Name Parts of Sections Sec. Twp. Rge. Acre* 1953 1954 Clara Croome..N 2'.~ Acres W!4 E'A NW NW 18 14 9 2H Leila B. Staudenmayer E'i SE 1 15 a 40 Leila B. Staudenmayer. .NE NE and SW. NE 9 15 8 80 Ernestine Prancway Lot 1 E% NW NE.. n 15 8 Laura E. Allen N 40' S 150' Lot 17, E'A NW NE 17 15 8 W. M. Roberta N 50'Lot 18 E'i NW NE... 17 15 8 James Raleigh Adkerson Lot 19 E'A NW NE 17 15 8 John Causey Lot 20 E% ' NW NE 17 15 8 Paul and Lucile Wilson E 40' Lot 3 SW NE—Irregular Lots 17 16 8 3. F. Baker W 260' S 380' SW SE E of RR except Lot 108' x 108' SW Corner 1.78 60.01 64.48 .78 .75 .75 30 15 8 2 1.41 1.41 TOWN OF MANILA IRREGULAR LOTS Sec. Twp. Mary Jo Hutton E 85' W 309' NE NE 36 15 •t. W. Russell Lot 3A NE NE 36 15 Herman Singleton and Jackie Jean Pierce W 858' E 352' Lot 6A NE NE 36 15 P. C. McKemie Lot 2B NW NE 31 15 Burl McHenry Lot 2D NW NE 31 15 Burl McHenry Lot 11 SE NE 31 15 W. W. McKemie Lot 2 NW N\y 31 15 • F. C. McKemie E 50' Lot 3A NW NW 31 15 .IS .60 .96 .31 9 .10 .10 M .36 .« 1.20 TOWN OF MANILA Lot Block HFXRT ASHABRANNER ADDITION Charles Stroud W 50' , 14-15-16 John Russell E 50' W 100' 1- 2- 3 ORIGINAL SURVEY Luler Riley 8 Magd? Billings 28 | Marion Bishop I39A and I90A JM. O. Robertson 228 Jack Tipton 238 PARKVIEW ADDITION W 20' 7 and 8 Louise Ashabranner Louise Ashabranner Louise Ashabranner 10 SOUTHSIDE SUBDIVISION Olan Sales 22 T. R. Short 8 WEST END ADDITION Chas. E. Crow 3 Chas. E. Crow 4 Merlin Gilbert 5A Delia McGraw 5C J. W. Dunn 6 WILLIFORD-G.4RRTSON ATmmON Cora Nevins 1 TOWN OF LEACHVILLE Lot HAYES ADDITION B. L. and Sarah L. Roberts EH 10 F. L. Storkinser N 100' 1 Victoria Justus W 50' 4 E. L. Scockineer 8 : Elmer Smiley . 5 i O. J. HEUTI-'R An'l' T 'ON O. J. Heuter • W 45' 7 I HOOKER ADDITION A B 1 3 14 17 17 5 5 5 A B .75 .75 .54 .75 .75 .75 .75 .75 .75 .75 .75 .75 .75 .78 .50 .75 .75 .75 .75 .19 .73 Block 3 4 4 4 5 Unknown E, D. Jones 12 .25 .49 .25 .25 .75 .75 .75 .14 1.11 1.11 MATTHEWS FIRST ADDITION 10 .75 .75 MATTHEWS SECOND ADDITION 0. L. Bogart .' , 8 O. L. Bogart 8A MATTHEWS THIRD ADDITION Howard and Martha Selby 4 NELSON FIRST ADDITION Leila B. Staudenmayer N!4 N',4 J Leila B. Staudenmayer S!4 S'A S',4 and NW S'i S',4 5 Leila B. Staudenmayer N 1 ? N 1 ? 6 NELSON SECOND ADDITION Ott Myrncle 1 and 2 June Ola Staudenmayer E 60' 6 PARK ADDITION J. T. Turnbow ' E 30' SH 11 SMITH ADDITION J. W. Buck 8 J. W. Buck » STAUDENMAVER ADDITION Ruby Buckner 6 B. snd Ruth Flannigan S 33' 9 REPLAT OF LELIA STAUDENMAYER ADDITION Leila Staudenmayer E pt. of E 100' of 2 and 3 M All persons, firms and corporations Interested In. said lands are hereby notified that they are required by law to appear within four weeks and make defense to said suit, or the same will be taken for confexied and final judgment will be entered directing the sale of tild lands for the purpose of collecting said taxes, together with the paynwnt of Interest, penalty and costs allowed by law. Cat* J ' nU " y "' 19 ' M - OWALDIW LISTON, «•* (8e ,,) By Opal DovK, D. 0. OMU Ftndtor, Attonur ** Drain** DMrtet No. II 0 O .75 .75 .76 .3) 1.50 M .71 .M

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