The Courier News from Blytheville, Arkansas on March 24, 1955 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Thursday, March 24, 1955
Page 3
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THURSDAY, MARCH 24, 1998 Bl/YTHEVKAE (ARK.) 1 COURIER NEWS PAGE THREE Senate Committee Begins Check of Market Testimony WASHINGTON (AP) — Now that the Senate has looked into the affairs of the stock market for the first time in 20 years, what does the inquiry add up to? A Senate Banking Committee staff began wading through half- a-million words of testimony today in search of some answers to that question. The committee Itself will Commodity And Stock Markets- Ntw York Cotton May July Oct Dec 3372 3396 3401 3414 3382 3405 3410 3420 3371 3394 3401 3414 New Orltans Cotton May ........ 3370 3380 3368 July ........ 3307 3402 3395 Oct ........ 3402 3410 3402 Dec ........ 3413 3420 3413 3378 3401 3411 3418 3375 3309 3407 3417 Chicago Corn Mar .... IWi 146V B May .... 148% 149ft 146'/, 148% Chicago Soybeans Mar .... 2551/4 258% May .... 249'/ 2 250 July .... 2431:, 2«y 2 Sept .... 238 "A 238% Chicago Wheat Mar ____ 213 213' 4 May .... 199'/i 199% 255 249 241% 237 212% 198% 146 148% 256'/2 249'/a 242 23T/4 21314 199(4 New York Stocks A T and T 180 1-8 Amcr Tobacco 66 1-2 Anaconda Copper 57 3-4 Beth Steel 134 Chrysler 71 1-4 Coca-Cola 116 3-4 Gen Electric 51 Gen Motors 95 3-4 Montgomery Ward 79 1-2 N Y Central 36 1-2 Jnt Harvester 31 3-4 Republic Steel 85 3-8 Radio 43 7-8 Socony Vacuum 53 1-8 Stud-Pak 13 1-8 Standard of N J 114 Texas Corp 91 1-4 Seprs 81 1-4 U S Steel 81 1-2 Livestock NATIONAL STOCKYARDS. 111., Wi— iUSDAi—Hogs 11.500: steady to lower; bulk choice 180-220 Ib. 17.25-50; choice No. 1 and 2 17.6065; half deck mostly choice No. 1 17.75; 220-240 Ib. 17.00-35; 240-270 Ib. 16.50-17.00. few 17.10; 150-170 Ib. 17.00-50; sows 450 Ib. down 14.75-15.50; heavier sows 13.5014.15; boars 9.50-12.00. Cattle 2,500, calves TOO; steady on steers, heifers and mixed yearlings, mostly good, 22.00-24.25; cows utility and commercial 12.50-13.75; canners and cutters 10.00-12.50; hulls utility and commercial 13.5015.00; canners and cutters 10.0013.00; vealers prime 32.00; fjood and choice 24.00-30.00; commercial and good 1800-24.00. Luxoro Diverts Pension Funds Luxora is one of seven cities municipalities in the state which has diverted firemen's relief and pension funds for other purposes, according to the state Finance Department. Such diversions are prohibited oy state law, Herbert George, director of the Finance Department's Municipal Audit Division, said, but he pointed out he believed the transfers had been made as a result of msiunderstandings. The audit showed Luxora transferred $1,393 from the relief and pension fund to the general fund. Money In the firemen's fund comes partly from turnback money from the state (which collects the money from insurance companies) and partly from the municipalities' county millage tax (one tenlh of one per cent). George said that Illegally diverted funds could be recovered by taxpayers' suits. Killed in Mishap EL PASO, Tex. 1*1 — A B50 bomber landing at Biggs Air Force Base yesterday rammed and set fire to a B26 target tow plane. One airman, A. 2C. Merle A. Talbott, San Lorenzo, Calif., was killed and lour others seriously injured. STOMACH TROUBLE? At last stomach swltcrew can rejoice. New formula rushed hore to right ny- nerncldlty. drend Htomach "leer Irrl- tTint. This now formula called PER- ANOI-. hns the power to curb exc««8 ficldliy. Men nncl women who formerly suffered with nymptoms or distress, of ulcer pnlns. heartburn, B«« nml vomiting due to hyperncldlty now toil of remnrkfthle relief ftftor uBlntt f'EKANOi.,, PERANOL must give you the fnatest results nnd the greatest laiitfttL InstlnR improvement you nave ever known or It coats not a penny. Ho no mntu-r wlwt you h«ve tried previously, try PEHANOL and prov« to yourself what It ran do for you. PER- ANOI. coats only *2.SO and U »old with (i money hack gunnmtei 1' not completely satisfied with tho remit!. PER- ANOI. h sold in your city only by Klrtiy Drug Store, BlythcvUto. M*ll or- ttrrf filled. meet Jn closed session next week to decide, among other things, whether to resume the hearings later. One thing appeared pretty sure already, however: the market came through three weeks of hearings with few if any black marks against it. No SerioiM Abuses Chairman Pulbrlght <D-Ark>, who started the inquiry and asked most of the questions in the public sessions that ended yesterday, said he found no evidence of any serious abuses such as manipulation of the market or other devices to fleece the unwary. . "I didn't expect to find any when we started," Fulbright told reporters. He said he thought the hearings had done a good deal to lay before the public the facts about the 18-month-old stock price boom and related matters. Capehart Agrees Sen. Capehart (R-Ind) agreed no evidence of untoward activities was turned up. The market itself had another rally yesterday, bouncing back still farther from the 10-billion- dollar price break that started early in the Senate inquiry. Some analysts said the end of the hearings might have influenced yesterday's upward surge. Obituary I. L. Jones Rites Friday Services will be conducted tomorrow In Holt Funeral Home chapel at 2:30 for I. L. Jones, who died at chlckasawba Hospital yesterday. He was 88. The father of Mrs. Shirley Hipp of Blytheville, he is survived by four other daughters, Mrs. Josephine Walters, Del Monte, Calif., Miss Martha Jones, Michigan City, Ind., Miss Catherine Jones, San Gabriel, Calif., and Mrs. Inez Slanaker, Kansas City, Mo.; his wife, Mrs. I. It. Jones, and four sons, E. I. Jones, Brunswick, Mo., nice Jones, Flint, Mich., Jones, Paducah, Ky., and Jones, Hayward, Oallf. Ber- Gene Myri Burgeson Rites Are Tomorrow Graveside services for James Brady Burgeson, infant son of Mr. and Mrs. Fred Burgeson, will be conducted at 3 o'clock tomorrow afternoon at Elmwood Cemetery by the Rev. James Pomeroy. The child died at Bramburg, Germany, Feb. 22. Other survivors include two sisters, Roberta and Judy, and two brothers. Matt and Fred, III. Cobb Funeral Home is in charge. Arrive in States SAN FRANCISCO 1^—The transport Gen. William M. Black was scheduled to arrive today with 2,673 men of the 1st Marine Division, returning home from Korea. niw ifl-richrin IM> pennawnt by Nytri-Tenic waves gentler in little as 10 minutes because almsst % is Oil Creme base "\ (patented) ALMOST V, 15 OIL CREME BASE (PATENTED) The oil-rich creaminess helps protect your hair's natural texture and luster while waving so gently. Curls are softer, more natural-looking from moment first combed out. ONLY NU7RI-TONIC GIVES DEEP-DOWN WAVING Fantastic new Customizes developed by Nutri-Tonic, causes more thorough waving deep inside hairshaft. for firmer, more durable curls than any other pin curl permanent. WAVES IN LITTLE AS 10 MINUTU Also gives faslest permanent, start to finish, because of exclusive deep-down waving-md patented Oil Creme base. ..KlMANim OTHER NUTRI-TONIC RlflLLS FOX COMm ,o £ «"lNS UM Wl ™ CONVENTIONAL C-UMEM WHCMVM TOIIST*I« A« SOLO NUTKI-TQNiC I (M) wltt Oil Creme base (patented) WOODS DRUG STORE 221 W. Main FREE DELIVERY Phone 3-4507 Another DREIFUS 4 PC. SALAD BOWL SERVICEI Urft wt-jlm SiM Bowl M Wrought Iron Bi», mitchini blMk ptastfe Fork ml Spoon. ii in:i PUS Vfwl DreifuiS? Wear Diamonds Late Tax filing Set For Business The Internal Revenue Service will permit late filing of corpora- Ion tax returns without penalty if entatlve returns are persented by March 28, District Director Olin S. iodwln said today . Such returns, however, must be accompanied by 50 per cent of the ax liability plus interest from March 15 to the date of filing. Returns filed after March 28 will bear penally as well as Interest, VJr. Godwin pointed out. The extension was made because if confusion and misunderstanding vhich led many corporations apparently to believe that April 15 was the deadline for corporation ax filing. Mr. Godwin said. The second installment of 50 pel- cent may be paid on June 15 under he normal routine regularly fol- owed in corporation tax payments. Sing Convention Meets Sunday Perniscot County's Singing Con- ention will meet at Vicksburg, near Steele, Sunday at 2 p.m. Special singers wit! include the Good News Quartet of St. Louis. The Public and other singing groups are invited. \\rvr\ni\sr. COTTON (Continued from Page 1) from going under economically since cotton is their only cash crop. They advance the increase as a "social necessity." Western senators contend, however ,lhat hardship »nion« cotton growers is not limited 10 small farmers, that those dropped from 40 acres to around 15 acres likewise are suffering and need help: The House has passed a bill to give each state a three per cent increase, 543,000 acres nationally. Western states prefer this "across the board" version but have indicated willingness to drop the percentage, US I) A Opposes Increase The Agriculture Department opposes any increase but lately has said it would review its position if'Congress could agree on a moderate , increase aimed at relieving hardship among small growers. Chairman EUender (D-Lai of the Senate Agriculture Committee warned the senate he would look for a presidential veto if the increase exceeded 275.000 acres. The committee yesterday also agreed on two other changes. One new amendment would permit a grower controlling land in two areas of a state to shift his allotment from one area to the other to take advantage of moisture conditions. Ellenrier said this was chiefly to aid drought areas in Texas. Weather Halts Today's A-Test Underground Shot 1 Exploded Yesterday LAS VEGAS, Ncv. W) — There war; no nuclear shot today. Testers «aicl thai a big, 500-foot lower blast which has been delayed by weather conditions since March 14, will not be attempted until tomorrow, at the earliest. Yesterday's underground blast was the 38th in the series. The underground explosion, set off by an atomic demolition device, produced a dirty cloud of brownish color. The device was one of the tiniest nuclear explosives yest devised and the miniature mushroom rose to only 11,000 feet, a relatively short distance for an atomic blast, Yesterday's blast on Yucca Flat was a special one for the Army's Corps of. Engineers. This was the first underground blast at the Nevada site since 1951 and was viewed by 280 military observers from a distance of five miles. The Atomic Energy Commission said there was not report of any I radioactive fallout outside the test 1 site. COUNCIL (Continued from Page 1) building was unanimous, with Mr. Bruton also voting "aye." Only two bids were received on the fire truck and 1 equipment and, after Fire Chief Roy Head's report on his liwc&Ugiuion, Council action u^ (juick and unanimous. Bids by the Peter Pirsch Co., were about? 52,500 below that of Ameri- can-LaPrance. Chief Head, in a pre-session huddle, told Councilmen he had investigated the Pirsch line through | other fire departments and said all j reports were that it measures up 1 in every way with Amerlcan-La- ! Prance, the other top rnanufactur- ' er of fire-fighting equipment. The truck will be equipped with aerial ladders and a heavy stream applicator which were listed as essential for the department. Any cleaning agent is a deter--! gent, but the name has come to be applied to the synthetic detergents developed in recent years. Hugh Hopper !s llth \ Of Honor Roll Students j Hugh Hopper, valedictorian of the j 1954 Blytheville senior class, placed ! Uth on the freshman honor roll 1 at George Peabody College for the , first, quarter, having all A's except i one B. \ Hopper, who is attending both, j George Peabody College and Van! derbilt University, Nashville, Term., • was recently home for the spring j holidays for a visn with parents, Mr. and Mrs. E. W. Hopper. Methodists Hear Memphis Doctor Dr. Mallory Harwell, Memphis physician and surgeon at the Methodist Hospital and a former resident of Osceala, spoke lust nlghfc at a supppr meeting of the Men's Fellowship of First Methodist Church. Dr. Harwell is member of the fund drive organized to ruisf; funds for the- additions scheduled for the hospital. The Memphis doctor spoke to a group of about 75 men and presented a program and di.scus.sion on functions and purposes of the hospital and what it means to the people of Blytheville and Northern Arkansas. The Northern Arkansas IDstrict's . quota for the 52,000,000 drive is 5400,000 whic his to be raised over a period of three years. The churches have been asked to raise $200,000 of the amount,. The other iJOO.OOO of the amount." The other $200,000 la to be raised through large contributions of church members and other interested persons. At the suppf:r, the Rev. Harold Eggensperger announced tru<r. First Methodist Church had raised $1,500- of the S3,000 quota for thi. L year and the remainder will bo raided through the rhurch comnbiK.iona oi Palm Sunday. The church's quota tor the throt 1 years is £9,000. Tobacco ;> the , chief crop North Carolina. For the ONE low price you get TWO complete sets! The distinctive DuBarry, for party and formal serving, with lavish 22 Kt. Gold and colorful espra de fleur. Then for everyday use you get the practical Chantilly, with lacelilce 22 Kt.-Gold embellishment. TWO lovely sets for serving in good taste. Enough to serve 16 people! l^k 16 PLATES 16 CUPS 16 SAUCERS 8 SOUPS 8 FRUITS 8 BREAD i BUTTERS SERVING PLATTER SERVING BOWL — BOTH sets for the ONE price.... but ONLY WHILE OUR LIMITED QUANTITY LASTSI Only 50c Down - 50c A Week Ff DREIFUS -A\Vi'A. Meet Drcifus G-T-D Go Diamonds To PHONE mS3M TODAY! OR MAIL THIS COUPON! I Dreifus Jewelry Co.. Rlythcville, Ark. I _ - j p |n( j j Down Payment. Ploatc land 316 WEST MAIN- ST. Dreifus j J Addflll Clt, Accounts at Extra rharsc tor shipping

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