The Courier News from Blytheville, Arkansas on March 24, 1955 · Page 11
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The Courier News from Blytheville, Arkansas · Page 11

Blytheville, Arkansas
Issue Date:
Thursday, March 24, 1955
Page 11
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THURSDAY, MARCH 24, RI.YTHEVn.T.E (ATK.) COTrRTER NEWS PAGE ELEVEN Buying Power of U.S. Dollar Is Aided by Canadian Fund by A, I. GOLDBERG OTTAWA (AP) — Canada has a fund of almost two million dollars operating to keep muscles on the U. S. dollar after it crosses th'-i border. At bank counters you generally get only 98 cents for your U. S. greenback Cigar counters and the like may knock off 4 cents. Hotels vary between the bank rate and another penny premium. That annoys some American tourists—but not too many, Canadian trade officials say hopefully. American tourists may never again see the day when they can fork over $1 of Uncle Sam's green and get a Canadian dollar and a dime to boot. Tht sltution lasted [or years. Then, on Sept. 30, 1950, when the Canadian government—sensing a mining boom and other business expansion—set the Canadian dollar free to find Its own level. That day the Canadian dollar was worth 91 cents U.S. officially. It began climbing. One day in March 1952 a dollar of either nationality was just a dollar. And the Canadian dollar kept climbing. American businessmen and Investors helped strengthen the Canadian economy. On Aug. 14, 1952, the official rate of the U.S. dollar was around 95Vi cents. Then the government began using some of its gold and currency buying fund—in existence since 1935—to buy dollars in a day-to-day "smooth ing-out operation." Greenbacks began a slow recovery. One day two weeks ago they were up to 99 cents. They hover around 2 to 3 cents premium pretty generally. No proflt-and-loss statements or balance .sheets are Issued about the fund by the Bank of Canada. But a holdings statement showed that the fund was at $1,934,000 on Feb. l, a new high. Some proposals have been made for big-scale buying jf American dollars to restore exact parity. Exporters favor parity. They say the lower value of the U.S. dollar acts as a tariff barrier against their goods. Canadian consumers oppose parity. In Montreal's big banking center in St.James Street, the rate i.s expected to remain steady for a while at least. This Butter Was Expensive CAMBRIDGE, 111. UP) - A $250 pound of butter has State's Atty William F. Kirman scratching his head over a leeal problem. M. C. Samuelson says ne left a note for his milkman, and ordered a pound of butter with a signed check, the amount and payee left blank. The milkman made himself the payee and put the charge at $250, his complaint says. Kirman says the statutes make check boosting a crime, but don't deal with filling in a blank check. Possum Trots After Pilfering GREENVILLE, S. C. tfl — "There's a thief in the kitchen trying to make off with the silver!" Mrs. William Nelson nudged her husband awake. He slipped cautiously into the kitchen where noises were coming from the silverware drawer. Opening it cautiously, he discovered an opossum making free with the tableware. Nelson dispatched the critter with blows from his shoe and a piece of pipe. Fire Prevention Work Recognized LITTLE ROCK W) — The Union Hill community 15 miles southeast of fiatesvllle has been named Arcansas' outstanding community in forest fire prevention and control during 1954 by the Keep Arkansas reen Association. A Union Hill delegation will receive the award, first of ita kind, | here tomorrow. Business Is Bad BUEBANK, Calif, HPi - Arthur Murphy told the "customer" that business at his liquor store was lousy. He proved it after the man pulled a gun and demanded money MINISTER'W'ITH A MUSICAL CROSS - The Rev. Arnold Westphal of Michigan City, Ind., displays the "Ringing Cross he created Operated by the two-octave keyboard shown in the mi" -Uor's lap the instrument consists of 25 electric bells mounted on a six-foot-high metal cross. It is in use at the First Baptist Church in Michigan City. Come Drive America's Best-Selling Car! Complete and official registrations for December, 1954 and January, 1955 (the first two complete months for which comparative registration figures are available on '55 models) show that... MORE PEOPLE ARE BUYING '55 CHEVROLETS THAN ANY OTHER CAR! It's Easy to See Why Chevrolet's the Best-Seller! It's the only low-priced car with tlic beauty and quality of Body hy Fithcr . . . High- Level Ventilation System . . . 6 engine- drive choice", including America 1 ! nioM modern (and lowest-priced!) V8 . .. 12-volt electrical ayMem . . . the lure-fooled Come icss of Glide-Ride Front Suspcn- 1 Outrigger springs . . , the d finrcness of Ball-Rare Steering. ake the wheel — and see how all these exclusive features put Chevrolet, wjiy, way out ahead of its field! CHEVROLET Sales Leader for 19 Straight Years COMPLETE and OFFICIAL figures show that again in 1954 —for the 19th straight year —MORE PEOPLE BOUGHT CHEVROLETS THAN ANY OTHER CAR!" SULLIVAN-NELSON CHEVROLET CO. 301 Weft Walnut Phon. 3-4578 —there was only a smattering of cash in the register. The man put his gun away, sympathized with Murphy and left. Bead Courier News Classified Ads. IIOKSK'S STKIDE Record length of the stride of • race horse is 30 feet. The measurement is made from the time one hoof leaves the ground until that hoof strikes again. No wonder they call it the 1st Choice Of Millions For Fast Relief Of Muscular Aches FREIGHT SPECIALISTS SINCE 1877 Matching Bate Extra Jh* Honduras-Ebony Finith 335 SQ. IN. PICTURE Like a movie theater in your home! Huge 24" TV, aluminized for twice-as-bright pictures. Never before a picture so Big in a cabinet so compact! makes possible amazing ROBOT Chassis and quality features at sensational low prices. •Exclusive now production technique builds TV sets automatically . . . gives you super deluxe TV at the lowest prices in history. 17' TV—The Pasadena. Ebony finish . . . ultra-compact—carry it anywhere! Brilliant self-focusing picture tube. Blonde oak or grained mahogany finishes extra. Giant 21" TV—The Nassau. 270 sq. in. screen. Aluminized for pictures that are twice as bright. New ROBOT chassis. Mahogany or blonde oai finishes extra. Adams Appliance Co. Inc. 206-08 W. Main J. W. ADAMS, Owner Ph. 2-2071

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