The Courier News from Blytheville, Arkansas on March 15, 1955 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

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Blytheville, Arkansas
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Tuesday, March 15, 1955
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TUESDAY, MABCK .16, 1955 BLYTHEVILLH (ARK.) COURIER NEW3 Stock Market Probe May Undermine U.S. Economy-Humphrey WASHINGTON (AP) — Secretary of the Treasury Humphrey told the Senate Banking Committee today its stock market inquiry may be undermining public confidence in the American economy. Humphrey's volunteered state' inent brought a demand from Sen. Capehart (R-Incl) for an end lo the group's inquiry into stock prices. Chairman Fulbrlght (D-Ark) retorted that the comir liter has duty to sound a note of caution If one is needed. Humphrey told the senators thai "criticism" of government agencies and speculation about what they might do in the way of "restrictive action" can "easily con- Commodity And Stock Markets— New York Cotton (12:31 quotations) Mar ........ 3330 3350 3325 May ........ 3355 3307 3352 July ........ 3383 3395 3381 Oct ........ 3405 3415 3402 Dec ........ 3418 3«8 3417 Niw Orleans Cotton Mar May July Oct Dec 3324 3353 3381 3407 3421 3343 3364 3302 3412 3424 3324 3350 3379 3402 3415 3350 3367 3384 3343 3363 3392 Chicago Corn Mar .... 142% 143% May .... 145'i 146'/, 142% 145Vi Chicago Soybeans Mar .... 2673-i 2G8'A 265'/ 4 May .... 201 201% 258'i July 25S 256 253!i Sept 246% 245% 243'A Chicago Wheat Mar 218'/;, 210 a0 May .... 214% 215 1 /, 217}., 214 143% 267 260 255 244% 218 l 215 pAcwrmn ELECTIONS New York Stocks A T and T 176 Amer Tobacco 6-11-4 Annconda Copper 50 5-8 Beth Steel 121 3-8 Chrysler 67 3-4 Coca-Cola 115 Gen. Electric , 49 5-8 Gen. Motors 92 Montgomery Ward 76 N. Y. Central 34 1-4 Int. Harvester Republic Stee! .. Radio Socony - Vacuum St;j}dard of N. J. Tf'tits Corporation U. S. Steel 30 3-4 81 3-4 40 1-2 51 1-4 12 1-2 109 HB 5-8 tribute to a questioning: of confidence and uncertainty as ho what the future may hold." "On Sound Ground" The Treasury secretary declared the nation is "on sound economic ground, based on sound principles. ' The current month, he sa , may well be one of the highest months of business activity the nation has ever had. "There is no reason," he said, "why we should not go forward unless confidence is badly injured or destroyed." ''Confidence,'' Humphrey said, 'is a subtle thing. It manifests itself in many ways. A crowd leaving a theater at the close of a play will walk out in orderly fashion in short order. But if as the curtain goes down someone calls 'fire, 1 terror can reign and great injury result." Causing Price Breaks . Humphrey made no direct reference in his prepared statement to the eight-day-old multi-billion-dollar break in stock prices but Capehart did. He said the current inquiry had a tendency to cause price s by frightening small investors into a false belief a crash might be imminent. In testimony prepared after yesterday's price break, Humphrey said the Treasury is "watching attentively the conditions which the lew higher level of the stock narket is creating-," He was referring to the market jrice rise which began in September 1953—a rise due in part, he said, to a "rebirth of confidence in the functioning of our free enterprise system." Humphrey declined — as have most other witnesses in the committee's "friendly study" of market conditions—to give an opinion whether stock prices went too high before the recent break. Showdown Certain "I gave up years ago trying to figure out the stock market," said the Treasury secretary, a leading industrialist before he joined Presi- dem Eisenhower's Cabinet. Capehart's statement calling for a change of course in the market inquiry presaged a seemingly certain showdown with Banking Com- mttlee Chairman Fulbright (D- Ai). Fulbright made no immediate reply He made it plain yesterday, however, that (1) he doesn't regard the present inquiry as the main cause of the market break, nnd (2i he regards stock prices only one aspect—but an important ono—of the investigation. Capehart said today, "By taking ihc course of investigating prices (Continued from P'age !•) ter Driver. Canton Judges — Alan Scgraves, Bob Forrester, Bill Gillesple; alter nates—C. L. Whistle, Alex Goble. Clerks — E. H. Burns, Herman Mullins; alternate — Mrs. Allan Scgraves. Keiijcr Judges — W. T. Crews, Buforc Dunavant, W. M .Taylor, Jr.; al- ,ernates—J. E. Chiles, J. W. Hall Clerks — Joe Billiard, George Nichols; alternates — Jack Kook. ArmoreJ Judges — J. C, Ellis, Rucl Hatley, Mrs. Fielder Perry; alternates — Arthur Vance, Marvin House, Clerks — John Ed Regenold, Leon Malone; alternate — Harvey Tillman. Wilson Judges — Jimmie Powell, Dwfght Anderson, C. F. Leftwich; alternates — Maury Upton, John Mauker. Clerks — C. L. Bussey, C. T. Lynch; alternate — Parker Bowen. Whitton Judges — Albert Banks, Bob Pugh, C. L. Denton, Jr.; alternates — Evans Johnson, Lex Nicholson. Clerks — W. W. Wright, M. E. Wright; alternate — James Sadler. Burdette Judges—Tom Callis, G. A. Hale, W. E. Thornton; alternates — J. C. West, Cecil Butler. Clerks — Earl Jones, Lawrence Stevens; alternates — Clayton Holder. BLYTHEVILLE City Hall Judges — Ray Price, Fred Rutherford, BUI Steinsiek; alternates — John McHaney, E. R. Mason. Clerks—Bob Barnes, Joe Evans; alternates — James Gardner. Yarbro . KEEP 'EM FLVING—Fifst jet-flymg ii-aum^ u^ KOK pilots it under way at the U. 3. Fifth Air Force base at Osan, Japan. Here, Capt. Doral Graff, one of the tt. S. officers supervising the training, gives on-the-ground instruction to ROK Pilot Chang. Conspiracy Trial Starts Monday DENVER VPi— Trial of seven al- eged Communist party leadens, LEGISLATURE (Continued from Page 1) quor elections to be held on gen- RAMEY charged with conspiring to teach j erM election dates. •iolent overthrow of the government Edwards and Sulcer were the will start here March 21. ! ""IV two voting on the segregation U. S. Dist. Judge Jean. S. Briet-j issue, both casting votes in favor instefn yesterday denied defense ap- icals a, thirl postponement. of continuing segregation. - , Autry cast the county's lone vote Mrs. Mary Kaufman, of New York i OI1 the final day of the Assembly City, will defend Mrs. Anna Bary, of the seven. Eleven Denver Lawyers, appointed by the court, will epresent the . others, They are Mrs. Bary's husband Judges — Spencer Bunch, R. E. Arthur; Mr. and Mrs. Joseph Scher- Livestock NATIONAL STOCKYARDS, in. OPt—(USDA) — Hogs 10,500; unevenly steady; c.hnlc.e. tfl(j-:>20 ib 15.75-16.25; choice No. Is and 2. 10.35; 220-240 Ib 15,50-lfi.OO; 240 270 Ib 15.00-50 ;270-320 Ib 14.50 15.J5; 350-170 Ib 15.50-16.00; sow. 450 Ib down 13.75-14.50; heavie; sows 12.50-13.50; boars 9.00-11.50. Cattle 4,000; ciilve.s 1,000; steady good to low choice steers 22.00 24.50; cows utility and commercta 11.00-13.50; canners and cutters 9.00-11.00; bulls utility and com mercial 13,00-14.50; canners am cutters 0.50-12.50; good and choice voalers 18.00-25.00; few prime 27.00; commercial and good 14.00 18.00; cull and utility 8.00-12,00. 74 I tiie committee has frightened the AireriCBn people." "The tenor of the investigation has placed au emphasis always on prices—that they are too high and we might have a crash," he said. Capehart went on to declare: "We ought to discontinue hearings on stock prices and announce thai there are no statistics or facts lo prove tha t the general price level of stocks is too high. "We .should continue investigation with respect to groups who Home Building Sets a Record WASHINGTON UP) — The Labor Department estimated today that construction began in February on 90,000 new home units, a new record for the month. This was 20 per cent over February last yciu'. However it was only 2 per cent over the January 1955 housing starts. The Increase between January and February is usually 6 per cent or more. 1 Home-building starts for the first two months of 1!)55 were 178,000 or 23 per cent above the 141,6*00 starts for the first two months of last year. Overseas Relief WASHINGTON iff 1 } ~ The Agriculture Department has announced it will donate 20,400.000 pounds of surplus butter and 12 million pounds of surplus cheese for foreign welfare use in April and May. The products will be distributed abroad by private welfare agencies. rer; Lewis Johason; Harold Zep- elln, and Mrs. Patricia Blau. . French, Richard Haynes; alternates—W. N. Orr, Herbert Mullins. Clerks — Clyde Bunch, J. E. Parrish; alternate — Ellis Wheeler. Brinkley Judges — Louis Bougher, Stanley Freighdenberg, Donald Veach; alternates — R. L. Vastbinder, Gene Bradberry, Clerks — J. P. Horner, R, N. Lewis; alternate — Leo Flagg. Shawnee Judges,— Richard Akle, Jr., Don Perry, Evelyn Ralph; alternates — Mrs. J. B. Wilson, Sudie Cecil. Clerks — C. R. Eubanks, J. A. Simms, Jr.; alternate — Vardy Westbrook. Leachville Judges — Robert Pearce. Atherton Hiett, Fred Alexander; alternates — H. A. Croom, Bob Edgin. Clerks — J. C. McHaney. J. A. Swiherd; alternate—Perry Defries. Dell Judges — H. R. Crawford, M. F. Brownlee, E. A. Stacy; alternates — E. M. Woodard, Lester Gill. Clerks — U. S. Blankenship; J. H. Brinn; alternate — E. C. Goza. Manila Judges — H. D. Alston. H. C. Ashabrsnner, W. E. Ballard; alter- i Ior Bating streets included. ALC to Consider Audit Reports LITTLE ROCK M»j — The new Legislative Audit Committee will! consider audit reports of "several" j state agencies when the new group' meets for the first time Thursday,; State Auditor Orvel Johnson said : today. j The committee, named by the i 1955 Legislature, also is expected: to elect a chairman and vice chair-1 Johnson declined to state which; newspaper ani gencies' reports would be consid-; preliminary re ag. ered. on a resolution which would have condemned the Highway Commi' sion for its right of way policy. He voted against the measure. Over in Senate Lee Bearden of Leachville voted on 10 of 11 prime issues. HP Kave affirmative votes to: The 30-mJll limit on school taxes. Liberalized installment buying. Open meetings of public I boards. i The jobless pay measure. j Local option measure. j Bearden voted against: j Reassessment and equalization, ; Exemption of feed from sales (ax. The segregation measure. The municipal grab for high- Hay department funds. The move to increase income tax. . Information on the key issues I poJl was compiled by a LittJe Rock id was taken from not from the ecords, official journal. (Continued ffom Page 1* to remain with the aircraft hi MI endeavor to brinu the wounded bombardier to safety. "First Lieutenant Ramey gave the remaining members of the crew the option of abandoning the aircraft or remaining with him while he endeavored to effect the emergency landing. Thre« Ball Out "When nearing the emergency field, three members of the crew abandoned the aircraft the Instant the right engine ceased functioning. "This necessitated a forced landing In which First Lieutenant Ramey, the co-pilot and the bombardier were instantly killed. "First Lieutenant Ramey's exemplary courage and gallant endeavor to save a member of his crew at the risk of his own life are commensurate with the highest traditions of the military service, and his actions redect great credit upon himself and the Armed Forces of the United States of America." Thus ,did the War Department confer on him the Distinguished Service Cross. It was his 64th B-26 mission and ie was up for return to the United States when he volunteered to fly it. His plane crashed near Pisa, Italy, and he is buried at Vida, 16 miles southeast of Leghorn. In writing a biographical prologue for the scrapbook of his parents, Selma Lentz Morrison wrote, "Gordon began his life the year his country entered World War I and gave his best and last effort for his country in its second world struggle. "His years were few and full. He set for himself a pattern of clean living, clear thinking and thorough work. "He was conscientious and active in chureh and school. He held his employer's respect and admiration. His teachers saw him grow in integrity, ability and mature responsibility. "His close friends remember his loyalty, certain drollery and heart-warming companionship. "Gordon's family hold in their hearts his tenderness, thoughtfulness and devotion. And for all of us who knew him, he lives." Cold Front Moves Into Arkansas By THE ASSOCIATED PRESS A cold front, which hovered over northwest Arkansas this morning, in moving south across the state, bringing with it rain and lower temperatures. The U, S, Weather Bureau at- Little Rock declined to comment on the possibility or tornadoes in the state hut officials there did set! a bare chance for a squall line forming .In northwest Arkansas today. The! bureau had issued a tornado warning yesterday afternoon for Minor Accident Reported Cars driven by Patty Hughes of Blytheville and Janice Johnson of 825 Highland crashed at 106 N. Broadway yesterday afternoon about 5-45, police reported. Both vehicles were slightly damaged with Miss Johnson's car being hit on the right fender. extreme northwest Arkansas, but no twisters were reported. The cold front Is moving at a rather slow pace, ft is not expected to cross the Little Rock area until 2 a.m. tomorrow. Temperatures were in the 80s all over the state during the early morning period. Rain fell in some areas. YALTA (ConMiMMd from Page M Foreign Rel«MoM which Iw h«ad«. "The Information In theiM would leak out and I don't want to accept them and find my**V in the position ol having to main them publto," he saW. Doesn't Want to KKOW Me said he -loesn't linow what ta in the record and doesn't want to know unless the papers can be made public. There was no Mat* Department comment on hie stand. Capehart, a member of the committee, said in an Interview 1» feels "the same way Sen. Georg« Red Cross Drive Is Failing Short S10.000 with only ?5,362 reported so far. The following additional contributions have been reported. $100—Swift & Company. $35—Safeway Store. S30—Sears. Roebuck « Co. S25—Kirby Brothers Drug Co., Kirby Drug Co., Max Logan, Noble does." "I would not accept these documents and take the responsibility of their getting: out," he said. Sparkman. another Foreign Relations Committee member, s&fd h« supports George's position that the State Department ought to lake the responsibility either for publishing- the Yalta papers or keeping them secret. Me said he would have no objection to the»r publication. "I think, our Republican Brethren have exploited a« of the poHM- eal possibilities of the Yalta oort: j fia-ence in past campaigns and ihwe isn't much left for them to use,' he .said. At the Yalta conference, the Big three set the terms for Russian entry into the war against Japan. In the years since, the Republicans have accused President Franklin D. Roosevelt and his aides of selling out Chinese Nationalist interest in Manchuria. The Democrats have contended the Corp, Hart's Bakery, Delta Lumber Co., Guard's Jewelry, Dreifus Jewelry. 520—Ray Price, Siegbert Jiedel. S15-—Noble Gill Agency, A. G. Hall &Co., Feinberg's Store, Motor Sales. $10—W. R. Campbell, Scrrnuck's Jewelry, Joe Atkins Machine Shop, Mr. and Mrs. Floyd Haralson, Mrs J. A. Leech. $5—Worth Holder, Wm. I. Malm, at Yalta and in fact made more concessions than did the Allies. George said he didn't believe it would be wise to make the documents public now. He said certain information in them might affect ratification of the Paris agreements for West German rearmament. Mark' Anderson, J. B. Phillips, . Mrs. F. E. Black, MTS. Tom Littla Moderne Beauty Shop, Ernest Par-jSr., Mrs. S. Joseph, Mrs. Ott Mul- ker, Rosa Saliba, Zellner's Slipper 1 lins. Shop, Earl Walker, Dr. John Elliott, Kyle's Grocery. R. M. Beck, Mr. and Mrs. W. W. Shaver, Old Hickory Inn, Dr. Saliba's Clinic, Pickard's Grocery, Smith Beauty Shop, Wendell Phillips. H. G, Partlow, Gordon Harris, Austin-Wicker, Fred Copeland. $4—Dr. Milton Webb. $1—Westbrook Machine Shop, U. H. Holt, Donald Deskin, Charles'Si- mon, Mrs. Clara Deen, Mrs. W. W. Wahl, Mrs. W. Forshee, Mrs. Elton Jones, Charlie L. Evans, Mrs. Charge L. Evans, Mrs. C. R. Robeson, Marie Haraish, Jack Metheny, FALSE TEETH That Loo*«n Need Wo+ Many wearers at false tectb h&ve suffered real embarrassment becaun their plate dropped, slipped or wobbled at ]ust thj> wrong Ume; Do no* live in lear of this happening tp you. Just sprinkle a uttle FASTBETH, H» alkaline (non-acid) powder, on 70*? plates. How raise teeth more flnnfy. oa they ieet more comfortable. Dow not sour. Checks "plate odor" {denture breath). G** PASTEBTB M mSf drug counter. may he trying to push speculative stocks up and down for their own bcneht." Negro Deaths Will Tenart Funeral services of Will Tenart. 70, will be conducted at 11 a.m. tomorrow in the Ca-ston Funeral Home Chapel by Rev. T. F. Connor. Burial will be in the Mt. Zion Cem- elery. He died Saturday in Walls Hospital. Surviving are three sisters, Pinky Thigpen of Rosehill, Miss., Margaret Walker of Memphis and Daisy L.. McGee of Belzona, Miss., and one brother Lott Tenart. nates — Sam Bellinger, Riley Dunkin. Clerks — C. V. Chlldress. J. C. Chapln; alternate — R. J. McKill- non. Mllligan Rldfe Judges — G. O. Caudill, Jr., H. G. Endicoth. Earf Brewer; alternates—Alva Brown, M. D. Dennis. Clerks — A. M. Holt. Dewey Blake; alternate—George Webster. Luxora Judges — R. L. Houok, Harry Stanford, Harry Bogan; alternates — C. B. Wood, L. C. Langston. Clerks — Abe Liverant, Wiley Tate; alternates — J. C. Wilkerson. Mtssco (Bondsvllle) Judges — Arthur Bonds. H. T. Bonds, Harry Bonds; alternates — Louis Bonds, Mitchel Bonds. Clerks—Wilson Bonds, Mrs. Harry Bonds; alternates — Mrs. Mitchel Bonds, Mrs. Wilson Bonds. Big Atomic Test Blast Postponed LAS VEGAS, Nev. I/PI—An atomic ilast, which it was expected might ic the largest in the current series •I tests, was called off shortly be- ore it was scheduled to be shot his morning. About an hour befoer the sched- Icd time of 5:15 a.m., the Atomic Energy Commission announced the .nccllation, giving unfavorable veather conditions as the reason. There was no word from the AEC s to when the next test might be ondticted. This Is Not THE Day Chamber Maps Are Ready Now I A detailed map of Blytllcvillc. ' with points of interest and guides' been completed and printed by the Chamber of Commerce. Secretary ! I Worth Holder said today. 11 The maps, 14 by 22 inches in .size, j | are available at Chamber offices in I City Hall. Anyone • 'ay acquire one i I copy free of charge. Mr. Holder po- f I inted out. but additional copies will 11 be sold for 25 cents each. Program Approved COPENHAGEN, Denmark I/PP — A government austerity program designed to curb inflation has been approved by Parliament SS-86. It includes higher excise taxes on consumer goods and aims to raise 65 to 70 million dollars annually for two years. Approval enabled the minority Socialist government to survive an economic Cabinet crisis. Meeting Postponed NEW DELHI, India i>P) — A mpet- WASHINGTON M>)—Today is not Prime Minister ' jawa'harlal Vehru repeat-not the deadline for filing i and Prime Minister Mohammed All' I your income tax return. It used to of Pakistan has been postponed I V, To You On a New, Handier Form » f*- AR* -MO PO** l>»t' A »TO PA* I*T| •URN ***•*' THIS stue v wA*f , P*--* 1 !M«* T DA* , w* W*T 1f.B>-*- *1 . be, but under a new law you get another month-until April 15-to get that job done. They'll meet sometimes po after African — Asian conference nex month in Indonesia. the! GEM THEATRE "Osceola's Finest" THEATRE On W. Main St. In Klythcville Phone 3-4621 LAST TIMES TONIGHT ^' The adventure written a hundred ycsrs b«for« its timt becomes • motion picture *o be remembered forever! Weekdays Show Slarls 7:00 p. m.—Sat. & Sun. 1:00 p. m. TUESDAY & WEDNESDAY Double Fcarur* ROOKIE'S 8C/MP SHIRLEY BOOTH ROBERT RYAN ALSO CARTOON «*•»* 'test\ \ .«**£'. eel* 60 . fOOl> UC*° l0 NTW . *\ ^ s«w' \ PLl« -(OU" rM ctos* BE >>'• lMt" T - No more envelope to fu»t with, because from now on your service bill will be coming lo you on this new, handier form. It's easy to read. It's easy lo handle. What's more, both electric and natural gas service will appear on (he same bill—already totaled for your convenience. New electronic iquipmtnt makes this possible. Each bill is checked and double-checked Ira- fore it's sent out, practically eliminating the possibility of error. Faster billing results from this new, limt-saving system, which cuts our postage and mailing costs considerably—another step in our continuous pro- . on a postcard like this gram of reducing non-essential eM>««Kftti»res in order lo keep the cost of o»r servi«e ae km' as poesiW*. For many of our customers thw iwon* that your statement for service rendered will reach YOU xx>n»r after your melee ie read, thereby making (h« "due date" earlier. We very much regret the necessity of Ihm inconventonec, and thie firat month will allow an extra s*ve« days before the gross bill b**ome* payable. We hop* you Kite thin ncir Ml form, afld wt hope you'll M. tw know if th«r« are aof qMetioM regarding R.

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