The Courier News from Blytheville, Arkansas on March 14, 1955 · Page 12
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The Courier News from Blytheville, Arkansas · Page 12

Blytheville, Arkansas
Issue Date:
Monday, March 14, 1955
Page 12
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PAGE TWBtY* BLYTHBVILLB (ARK.)' COURIER HEW! MONDAY, MARCH M, W58 Question Now Is: How Will FRS React from Stock Market Probe? By SAM DAWSON WASHINGTON (AP), — If the boom looks dangerous there are two men here who could, if they thought it best, do a little manipulating to slow it down. And the Senate Banking Committee, which is looking into the bull market, is talking to them about .that today and tomorrow. They are William McChesney Martin, chairman of the Board of Governors of the federal reserve system, and George M. Humphrey, Secretary of the Treasury. What businessmen and bankers would like to know from .them, is: Are the nations' top money managers thinking about raising interest rates, making credit tighter, hiking margins to bring stock buying closer to an all-cash basis? Will Humphrey and Martin try hard to get Congress to give the federal reserve power once more to curb on-the-cuff buying of autos and appliances and to tighten mortgage terms and thus put a brake on the home building boom? Solid Economy? Or dp they believe — as most people would like to think •— that the economy is on solid ground now and that prosperity has a green light? The federal reserve has the power now to raise margins on stock purchases. As of now you have to put up at least 60 per cent cash to get a share of stock. You can borrow up to 40 per cent of its market value if you wish. The federal reserve can change that cash-borrowing ratio as it deems best for the economy. Theoretically, at least, if the federal reserve hikes the mar-! gin again, speculators would cool down. The ways Martin and Humphrey between them can influence interest rates and the supply of money and credit are these: 1. Raising or lowering the federal reserve's rediscount rate — that is, what interest your bank must pay to borrow rrom the centra] bank: 2. Raising or lowering the amount of cash your bank must keep tied up in me reserve bank as a legal reserve and thus unavailable for the lending to you: 3. Buying or selling U. S. securities in the. open market and thus drying up or expanding the amount of money your bank has on hand for loans to business: 4. Deciding between issuing short-term or long-term U. S. bonds and thus either expanding Parity Ultimatum LITHEKLAND, England ( The Town Council notified house wives in a municipal housing de velopment today they must (to hanging their panties in the Iron yard or move. "The flats Seat th main road," said Councilor R. W Lloyd, "and many people are em barrassed by some of the thing they see hanging on clotheslines.' or shrinking the amount of idle investment money that business can tap. WORLD'S LARGEST SELLER AT 155 LADIES WENT TO MARKET TI.e first one thought she was doing fine, used a Gallon of gas trying to save a dime; The second her car she kept trying to park, and when she got back ft was almost dark; The Third Simply Phoned Hays 7 PERSONAL SHOPPER Yes, she dialed 2-2001 and HAYS PERSONAL SHOPPER DID THE REST. She saved time, money and much inconvenience by using our personal shopper service. Her order was filled with meticulous care by our personal shopper and delivered to her promptly. She has found that Hays personal shopper does just as good or better job of shopping than she herself can do. Hays offers you this service that brings super market self service right into your kitchen Our personal shopper customers are no assembly line proposition . . . every customer is waited on personally. If our personal shopper doesn't know your personal tastes in the beginning, she is trained to learn them at once, so that you get just exactly what you want EVERY TIME . . . and although Hays provides you with this exclusive service there's one thing to bear in mind .... NOBODY UNDERSELLS HAYS! CARROTS Fresh, Lb. Cello. Bags 2 Bags For CELERY Large Jumbo Pascal Stalk 1C C POTATOES Red Triumph 25 Lb. Bag 85- PEPPERS Large, Fancy Bell Each CUDAHY'S or WILSON, thick sliced BACON • • 2'-' 95c 3 to 5 Ib. sides SPARE RIBS-* 39c Skinless, cello, wrapped WIENERS--•* 39c U. S. Choice SIRLOIN STEAK - ib. 79c Fine for Barbecuing, Boston Butts PORK ROAST LB. Big I Swiss Cheese CQc We Cash All Payroll Checks Free! 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Buy now and save money 3 for CHILDREN'S COTTON TRAINING PANTIES Assorted colors and sizes. 2 to 12. 10 pairs 51 DEERING'S GAUZE DIAPERS Soft and smooth. Size 23 x 40. Specially priced. 2 79 doz. CANNON SOLID COLOR BATH TOWELS Size 20 x 40. Save money on the finest . . . CANNON ea. ONE LOT SEVERAL HUNDRED YARDS OF LOWENSTEIN'S DRAPERY 46 inches wide. Attractive designs. yd. 69c yd. 59c 36" Drapery SO" Drapery Lining BIRDSEYE DIAPERS First quality. Size 27 x 27, Buy now and save. ROWAN MUSLIN SHEETS Type 128, size 72 x 99 $1.39 81 x99 $1.49 81 x 108 $1.59 Cases to Match 3 for $1 Rowan Muslin bottom fitted Sheets, twin size $1.49 Double size $1.59 CANNON 130 THREAD COUNT MUSLIN SHEET Cello, wrapped, 81 x 99 $1.59 Size 81 x 108 . ... ..,,. . , $1.69 Cases to match ,. 39c CANNON LARGE HEAVY BATH TOWEL Assorted solid colors. Size 22 x 44. Use Our Convenient Lay-Away Plan I7PAK TO TKAM WITH

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