The Courier News from Blytheville, Arkansas on March 10, 1955 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

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Blytheville, Arkansas
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Thursday, March 10, 1955
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Page 5
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THURSDAY, MARCH 10, 195S BLTTHEVILLE (ARK.) COURIER NEWS PAGE FIVE Stock Market Rallies After Two Sessions Of Declining Prices NEW YOKK (AP) — The stock market moved up quickly in early dealings today. Commodity And Stock Markets— Ntw York Cotton (11:31 <i»«Utioiu) Mar 3361 331)7 3348 336G May 338G 3390 3376 33110 July 3405 3413 3390 3311 Ocl 3425 3435 3415 3434 Dec 3438 3445 3429 3447 Ntw Orleans Cotton Mar 3345 3348 3345 3345 May 3381 3389 3373 3389 July 3400 3411 3395 3409 Oct 3425 3434 3414 3432 Dec 3436 3443 3430 3443 Chicago Corn Mar .... 141'j 14P,, 141' 2 Hfi, May .... 144' 2 144 3 ., 143 7 , 144"« Chicago Soybeans Mnr .... 271', 271'., OT J ., 269^ Mny .... 264 204' 4 262' 2 203 3 :, July .... 258' /2 259?., 2573, 259' /2 Sept .... 248!', 249',:, 24T., 249 Chicago Wheat Mar .... 217>-. 218 ai5 7 B 217'i, May .... 212U 213^ 2U! 2 213 3 , a New York Stocks A T and T 180 :tB Amer Tobacco 65 J .i Anaconda Copper 52'it Beth Steel 125'i Chrysler Coca-Cola Gen Electric Gen Motors Montgomery Ward .... N Y Central Int Harvester , Rcublic Steel Radio Socony Vacuum Studc-Pak Standard of N J Texn.s Corp Sears U S Steel B9',, 116'. . 50% 4 84i 4 HI', Livestock NATIONAL STOCKYARDS. Ul. IJH-( USD A )— Hoys 8,000; .strong to higher; choice 180-220 Ib 15.5016.00; half deck choice No. 1 j)tid 2 16.10; 220-2-10 Ib 15.15-00; few al 15.75; 240-270 Ib 14.75-15.25; small lots 270-320 Ib 14.25-75; 150-170 Ib 14.75-15.25; sows 450 Ib down 13.7514.25; heavier sows 12.50-13.25; boars 9.00-11.50. Callle 1,800, calves 500; high commercial and good .steers steady at 20.00-25: heifers and yearlinps commercial and good 17.00-20.00: Some issues opened more than ?1 a share higher as a broad rally swept through the list after two sessions of sharply declining prices. The flood of buy orders soon put the ticker tape behind in reporting 1 transactions. General Dynamics gained 53.37 and advances of more than $1 were posted by Bethlehem Steel, Boeing Aircraft. Baltimore & Ohio and Royal Dutch Petroleum/ Also higher were American Telephone, Anaconda, Deere, Westinghouse Electric and New York Central. Brokers had looked for a rally today since it's the usual thing after the market has suffered a sharp setback. In addition, a recovery movement was under way in the closing minutes of yesterday's session. Disregarded News Investors appeared to disregard news from Washington that Senate Democratic leaders proposed to cut laxes in lower income groups while eliminating dividend tax relief. The market was buffeted by waves of selling on Tuesday and Wednesday, sending the Associated Press average of 60 stocks down a total of $4.50 for the two days. Opinion among Wall Street analysts was mixed about where the market will go. from here. Henry H. Baliour of Orvis Bros. & Co. commented the break appeared to be a necessary reaction from the market's recent record high levels and that it did not indicate any change in trend. "Business is good, and there is I a strong underlying demand for | sound equities," Balfour said. Burton St. John of Shearson, Hammill & Co. also remarked on "the good economic atmosphere" and said the outlook for earnings ! and dividends was good in 1955. He said he believed the market was ready to resume its advance. Walter G. Bemthal of Pilor, Bullard & Smyth .said lie felt the market would go higher later on, but expressed doubt that the decline j was over for the present. ! "I would recommend s ell ing' I stocks on a rally." he said. "The j Formosa!) .situation is a little I wor.ce than people realize and the | credit situation is pretty danger- lous-." I Bernthal said mortgage and in| .stalnipnt 'buyinc credit was higli and that a setback in business "could lead to a pretty bad mess." cows utility and commercial 11.0013.50; canners and cutters 9.0011.00; light shelly canners 8.00 or less; bulls steady; utility and commercial 13.00-14.50; heavy fat bulks 11.00-50; canner and cutter bulls ', 9. 50-12.50; valers and calves steady i and active; good and choice veal- OI-K IB.00-25.00; few prime 27.00; 1 commercial to low good 14.00-18.00. P. H. Heathcock Passes; Rites Are Tomorrow Funeral services /or peter Henry Heathcock, 84, pioneer resident ot Holland, Mo., and former postmaster at Hermondale, Mo., will be conducted at 1:30 p.m. tomorrow in the Holland Church of Christ with the tjpv. Truman House officiating. Burial will be In the Mt. Zlon Cemetary at Steele wilh Cobb Funeral Home in charge. Mr. Heathcock, who had spent most of his life in the Holland-Hermondale vicinity, died early today at his home in Holland. He was widely known throughout the Holland area and for a number of years served a*s postmaster at Hermondale. Surviving are his wife, Mrs. Sarah Jane Heathcock; one son, Claude Heathcock of Hermondale; three daughters, Mrs. Leda Etters of West Frankfort, 111., Mrs. Viva Martin of Holland and Mrs. Lulabelle Mayham of St. Louis; and one half-brother, Prank Bishop of Flint, Mich. Pallbearers will be grandsons and nephews, Gene Etters, Michael Heathcock, Joe Heathcock, Otis Heathcock, Cooper Heathcock and Jackie Martin. Fred Chilton Services Today CARUTHERSVILLE — Funeral services for Floyd Fred Chilton, 50, of Ferndale, Mich., a former resident of Braggadocio, Mo., were to be conducted at 2:30 this afternoon from the Church of the Nazarene here with the Rev, C\irUs F. Cook officiating. Burial was to be in Maple Cemetery with H. S. Smith Funeral Home in charge. Mr. Chilton died as the result of a heart attack in Beaumont Hospital at Royal Oak, Mich., Monday. Born in Brimot, Mo., he moved to Braggadocio at an early age. He had been a wholesale salesman for packing companies in this area before movinp to Ferndale 13 years ago. In Ferndale he was a truck driver for a dry cleaning firm. Mr. Chilton is survived by his ivife, Mrs. Audrey Chilton, Fern- oalc; a son. Donald Chilton, Royal Oak. Mich.; his mother. Mrs, Eva Chilton,' Caruthersville; t'.vo sisters, Mrs. Chi]] Franklin, Helena, Ark., and Mrs. Byron Moore. Danville, 111.; three brothers, Paul Chilton, Braggadocio; Ewing Chilton. Beaumont. Texas; Ben Chilton. Utica, N. Y.; and a half-brother, Posey Chillon. Denver, Colo. Area Girls NamedjT AY ROTC Candidates! IHA Mississippi County and southeast Missouri lurnlshed four of the 21 Kirls al Arkansas State College who v:ere nominated for the nine coeds Hint will serve as unit sponsors for the ROTC. Virginia whalley was Blythc- ville's entry to the sponsor nominees. June alankenshlp of Cardwell, Mo,, and Suetta Ray of Senath, were the two Missouri entries. ere uu: fe wu i«,»uu*. «•" ~- j tiui.l savings to stockh Shirley Newwn of Leachville * a* dividtnd ^.^^ wou , d also named to the list. ASSEMBLY (Continued from Page 1) and lor the Arkansas Geological Conservation Commission. This is the bill which would have alloied a salary for the controversial secretaryship. Lieutenants Life This bill was acted on before the sales tax measure. After backers had twice failed to get enough votes to pass it and the measure defelnittfy was dead, the governors associates disappeared from the chamber without waiting to see what happened to the sales tax bill. After getting the sales tax bill out of the way, the House defeated a Senate-approved measure which would have permitted liquor sales anywhere within 300 feet of a state line. The Senate killed the governor's income tax on a roll call vote to uphold its Revenue and Taxation Committee. Earlier in the day, the committee had refused to release the bill, holding it iir for "further study." Sen. Russell El rod of Siloam Springs then sought to force the ' bill out of committee, but his motion was defeated 16-14. (Continued from Page D im-ome.s below $5,000. To offset, the revenue , loss, the •lUbstitute would repeal two major provisions of the Eisenhower ad- \ ministration's omnibus tax revision bill of last year. One of the.se, the accelerated de- i preeialioii plan which means big tax .savings to corporations, would bo repealed immediately. The other, which "jives 362 millions of annual savings to stockholders on i viped I lout as ol next July 1. | I Johnson -said the effect of these iliree changes would be a net gain i of three million dollars in revenue |m ft-scal 1956, which begins July i 1 this year, and a net gain of ! 354 million in 'iscal 1957. The .Mib.stiuiEe also would: Extend to July 1, 1957, corpora- lion incume and excise laxes rates! scheduled to drop April 1. The j House bill would extend them for j one year as the administration j a.sked. Joe Applebaum To Mississippi OSCEOLA—One of this town's most active eivic boosters—Joe Ap- plebsium-announced today that he will leave O.sceola Mississippi. for Greenville, Mr. Applebaum recently sold his interests in a liquor store here and v/ill join Easy-Pay furniture and appliance .store in Greenville. He will leave next week. IKE (Continued Irom Page 1) cordance will; NATO pliuumig'. 5. To share information author- ised by Congress on "military utilization of new weapon:; and techniques"—clearly referring to uiom- ic weapons information. Missco Boys Are Honored 6. To regard "any action from whatever quarter which threatens the integrity or unity oi the Western European Union as a threat Mr. Appieuaum came to Missis-j to the security of the; parties to the slppi County 31 years ago and North Atlantic Treaty," and there- moved to Osceola in 1937. fore a threat calling for cansulta- He is past commander of Ameri-! lion under the treaty. tan Legion, charier member of Ki-) —— uani.s Club, pa.st board member of j Graves of BiMheville. ?nd daugh- the dub and has been active in | ters, Pearl Ann, 11, and Lana Jo. 8. many civic undertakings. j are to join him in Mississippi on His wife, the former Miss Pearl j the end of this school year. .Mi.ssissippi County students at Arkansas State College wore elected lo four of the six offices of the j pledge olnys of Tua Kappa EplUon j fraternity. i Tht'i 1 ' 1 O.sueijhi boy:i were elected j ID oll'icfs. Dowell Harlun was elecl- } cd secretary, Bobby StiKvell was I madt: reporter and Kenneth Colt I won the position of historian, Fred H wmlon of Leachville wa* i elected treasurer of the group. Pledge Class President Nora Ann Jackson of Luxora was elected president of the pledge clas» of the Alpha Omicron Pi sorority at Arkansas State College. -TV Negro Deaths Emma Ivory Partee C'ARUTHERSVILLE — Funeral su'vices for Emma Ivory Partee, 69, v.ili be conducted at C.M.E. Methodist Church here at 2:00 p.m. Sunday. The da'ughiei of pioneer residents of Caruihersville, she died. ; f .t Pemiscjot County Memorial Hospital in Hiiyti late Tuesday night. She had been in the hospital .since suffering a cerebral hemorrhage at her home here February 16. BunaJ will' be in Morgan Ridge Cemetery with H. S. Smith Funeral Home in charge. She leaves a son, Silas Ivory; and two sisiers. Delia Tollivcr, Caruih- ersville, and Lena 'Sturdent, St. Louis. Minor Damage Reported Two cars received minor damage in an accident at 1920 Chickasawba at 11:35 last night. A vehicle driven by Acie Pritchard al Blythevijle collided K'ith a > car driven by Dub McCalin, also of i Blytheville. police reported. ' joe Ann McCann was injured in i the accident and was taken to ; \Howell Boyd in Players | The University Players, a Uni! vcisity of Mississippi thespian organization, has initiated Howell Boyd of Blytheville into their ranks. The organization is run on a \ honorary basis and holds initiation i exercises once a year. Frank Seoy Elected Frank Seay of Blytheville has i Chickasawba Hospital where she j been elected historian of the Pi was treated for minor injuries and i Kappa Alpha fraternity pledge later released. j class at Mississippi Southern College. Kennett Girl Initiated \Britt Owens Initiated Loretta Webb of Kennett. Mo.,! Br;:t Owens of Blytheville was was one of the eight students ip- : the lone Arkansas boy to be initaied itiated into the Arkansas State iiuo Siama Chi fraternity ol the College chapter of Pi Omega Pi, University of Mississippi hi the in- honorary business education Ira- vitaiion exercises recently complet- tcrnity. j ed. FAMILY SHOE STORE Loot! No back — yet it clings to the foot because Foot Flairs built ir to stay pjr. —RED —AVUL'ADO —NAVY BLUE —BLACK PATENT IPhon* 2-23421 UST GOES TO SHOW YOU what can happen to a tailored dress when R & K's mind is strictly on Spring. It comes out all silky and. shapely; its waist slim as a new twig, its skirt buoyant. In pure silk woven like linen. *s.v As advertised !n MADEMOISELLE $2495 FEINBERG'S THE FASHION SHOP Sties 51/2-8 For confirmation, graduation, and other special occasions, every little girl wants white shoes by Poll-Parrot. They're so dressy and smart for spring. And when they're Poll-Parrots, you know they last longer and fit better .. . because they're prc-tested! Sizes 8'/j to 3 Shop Hays for All That's New In Ladies Spring Fashion COOL AND CONTENT Pine tailoring; makes this 100 per cent pure Irish l.incn dress a must in any wardrobe. Contrasting saddle stitching trims (he pockets and collar. The extra fine detailing and workmanship is noticeable from the kifk pleats (both front and back) right down to the dainty handkerchief that pecks out of nne pockcl. Available in natural, blue, mai/,f. pink, aqua. Si/.e 10-18. $25.00. Suntimer! 10.98 sn't 4 iacke ted -sheath dress Kour.d perfect? This one. is, too. Cleverly adapted along flattering lines u'ltn hidden adjustment for easy concealment in washable white waffle pique and wrinkle-resistant cotton pmk. Njivy or Toast with White. Sizes 3-18. Use Our Convenient Lay-Away Plan Only a Small deposit reserVes your Selection /IT \ JO TKAtH WITH

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