The Courier News from Blytheville, Arkansas on April 14, 1955 · Page 9
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The Courier News from Blytheville, Arkansas · Page 9

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Blytheville, Arkansas
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Thursday, April 14, 1955
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Page 9
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THURSDAY, APRIL 14, 19H BLYTHEVILLE (ARK.) COURIER NEW» PACWIflNI It's Costing More To Borrow Money By SAM DAWSON NEW YORK (AP) — It's costing you more to borrow money today. Lenders here and there are becoming more choosy about handing out money for mortgages with the no down payment and 30 years to run. ^ ' Businessmen have to pay higher interest now to yet short-term funds. The U.S. Treasury has to pay the highest price since 1953 when It borrows for the short haul'. And the rumor that the Federal Reserve Board will raise Its discount rate .is being: revived. Such a raise would tend to tighten the money supply and raise interest charges all along the line. Slow but Steady The slow but steady Increase In interest costs since the first of the year is partly a reflection of the general pickup In business activity and partly the result of the Ped- EVANGELIST — The Rev. Z. T. Ranking of Carrier, Miss., la visiting evangelist at Beacon Baptist Church, which is conducting nightly revivals, through Sunday night. The Rev. Mr,. Rankln is a former missionary to Japan and is a brother of Mrs. Melvln Christian. Sparrow Likes Light for Home PRQVO, Utah tfl - While motorists fume, city utility workmen are fighting a running housing battle with a persistent sparrow. The sparrow wants to live in the hollow tube that shields the yellow caution light on a traffic semaphore near Brlgham verslty. Young Uni- For the second time this week, utility workmen climbed a ladder and removed the sparrow's nest yesterday. They're wondering if she'll take the hint this time. Welcomes Slump CAMBRIDGE, Mass. (VP}—Henry F. Owens has happily announced he expects a slump in his business —all because of the Salk anti-polio vaccine. He operates a trucking firm which specializes in moving polio victims in Iron lungs. Head Courier NCWE classified Ads. eral Reserve' policy of keeping the credit supply just tight enough to discourage any revival of Inflation. When business picks up as it has In recent months, companies need more money to operate. They borrow short-term money from their banks a sort of IOU or short-term unsecured note that leading industrial corporations and finance companies Issue to get the funds they need for current operations. Dealers in commercial paper are raising their rates for the second time in two weeks. Each boost was one eighth of 1 per cent, and the rates on. three to six-month commercial paper .now ranges from 1 %to 2 per y«cent. On Increase Business borrowing has been increasing In recent weeks, although in most years business borrowing would be declining 1 - now, and wouU increase again late in the summer This Increased demand for money the reason given for the twi recent Interest hikes. Tighter money has increased the cost of the U.S. Treasury's bor rowing. Each week it borrow? around l 1 ^ billion dollars on new 81-day bills to retire a similar amount of maturing ones. This week it had to pay an average cost of 1.652 per cent. Last year it could borrow,at 1 per cent or less. The Treasury's rate is now higher than the 1.5 per cent which the Federal Reserve charges its member commercial banks when they borrow from it; This'has revived the rumor that the central bank may raise its discount rate to the commercial banks. ARINES' FIRST BATTLE The United States Marine Corps first took part in battle on foreign soil on March 2, 1776, in an assault on New Providence Island, In the Bahamas. 5185 SJOS 44/5QL JPt. KENTUCKY STRAIGHT BOURBON WHISKEY oho available KIKIVCll BLtKDED WHISKEY BOTH 86 MOOf, KENTUCKY BLENDED WHISKEYCONTAINS 65% (RAIN NEUTRALSPIRITS THE HlUt HIU. COMPANY. LOUISVIUi KENTUCKY James Mizell and Bob Logan Announce the Grand Opening Of Their Beautiful New TEXACO SERVICE STATION Ash & Division Street Now open for Bu*in«» . . . Grand opening May 7th Valuable Prizes: Fir* Chief Hats and Lollipops for Children Phone 3-8833 - James Mizell, M«r. Mizell & Logan Service Station HARRISON NFA OFFICERS — Pictured are new officers of the Harrison High School's New Farmers America Chapter. This vocational agriculture organization has 71 members and carries on an annual program which acquaints students with new ideas about farming methods. Left to right they are Earl Stokes, assistant secretary; Minor Allen, president; J. W. Banks, reporter; Margie Cormel, sweetheart; R. D. Broadwater, secretary; J. H. Burns, treasurer; James Dawson, vice-president, and A. E. Lester, advisor. (Courier News Plioto) Arabs Desert Tents for Huts BEIRUT, Lebanon (IP)— By paying for roofs, a United Nations agency has encouraged 50,000 Arab refugee • families to move from tenta to huts in the past five years. The Arabs are refugees from the Palestine War of 1948. Since 1960, nearly 900,000 of them have received direct relief from the United Nations Relief and Works Agency for Palestine Refugees. More than 300,000 of these live In camps, scattered over Jordan, Syria, Lebanon, and the Egyptian-held Gaza coastal strip of southern Palestine. Three fourths of the camp population used to live in tents. Today more than 50,000 families are In huti and fewer than 15,000 under 1 canvas. In the Gaza Strip, where 121,733 refugees are in cnmps, the lost tent disappeared in February this year. Tents also have disappeared from the huge Aqabat Jabr camp near Jericho. There 30,000 refugees now are housed in huts. UNBWA encouraged much of this building simply by promising to pay for the roof of any house a refugee might build. The refugee otherwise could find the materials needed — mud for bricks, native stone, small amounts of'wood—in his camp area. He and his family supplied the labor. Musical Deflation DBS MOINES W)—With a drop in the price of bassoons, the Des Moines School Board has voted tc take bids on six instruments to re place the old hand-me-downs an war surplus ones some students have been tooting. Read Courier News Classified Adi Beer Specials 24 cans ... $3.25 6 cans 90 BUDWEISER or BLUE RIBBON 6 cans $1.00 PHILIP APPLEBAUM LIQUOR STORE 110 S. Fifth Ph. 3-9*41 cr 406 W. Main Phone 3-4591 REG. $269.95 M-W REFRIGERATOR 9 cu. ft. Supreme Model with Automatic Defroster. Full width freezer holds 50 Ids. Butter keeper, egg rack, etc. REG. $329.95 M-W REFRIGERATOR 11.2 cu. ft. Supreme Model with automatic defroster. Freezer holds 50 Ihs. Has butter keeper and egg rack. Mas all the room you need , . . the finest quality at only REG. $112.95 WASHER Full size deluxe wringer washer. All porcelain tub. 9 Ib. capacity.. Large Lovell wringer with drain pump. REG. $189.95 30" ELECTRIC RANGE Just 30 inches wide—yet has giant 23-inch oven with waist high broiler. Fast acting microtube top units heat and cool rapidly. $228.88 $167.88 REG. $169.95 M-W REFRIGERATOR + . Jft flfl Compact—only 25 inches wide, yet has big 8.f> cu. ft. capacity. \1flQ XX Full width freezer stores 315* Ibs. Froster tray, 2 door-shelves, y l*t/iUU REG. $144.95 30" M-W GAS RANGE "Space-saver"—30" wide with oversized 23" oven and" smokeless broiler. Divided top has 2 giant and 2 regular sized burners. REG. $124.95 36" M-W GAS RANGE f . . Divided top deluxe model range. Large 23" oven and smokeless \ 1 1 h 77 broiler. Complete with clock, timer light, appliance plug in, etc. Y ' ' ••' ' REG. $84.95 STANDARD WASHER Here is a machine that will get your clothes as clean as the most expensive washers at a price you can afford. With pump. $79.77 Skywarchnig Wins Medal COLORADO SPRINGS, Colo. W> The Continental Air Defense Command ha> »warded a medal to a grandmother who reported more than 3,000 aircraft In 8,000 hours of skywfttching. The woman, Mn. Earl Alken, of WUHaini, Mont, refused to go to a hospital last fall after breaking an ankle because "I cannot leave the«e planei." In Osceola ... You may buy th« Cqurier News at Cramer's Cafe and Reidy Drugs 'nnouncma a The Appointment Of CARL D. BRANNUM As Local Agent For MFA MUTUAL INSURANCE COMPANY Auto — Truck — School Bus Farmer's and Personal Liability General Liability—Workmen's Compensation Fire — Farm Equipment Hospital and Surgical Benefits Insurance Protection No Assessments—No Membership Fees—Quick • Nat ion-Wide Service—Low Rates—Renewal Dividend*. Carl D. Brannum 2301 W. Rose St. Phone PO 3-8896 r Sale on TV and Radios 4 DAYS ONtY-BUY NOW FOR THE BASEBALL SEASON $ $5 down CM 7«nm 129 88 Regularly 139.95 It's wise to buy Wards feature-pocked TV jet now—it's on sale! Just in time for Hie baseball season, too. It gives you a crisp, clear picture, full-bodied FM tone, and a new, powerful chassis for long range performance. All in a beau- tlfv), mahogany-colored cabin* wHfc front conlrolj. Note ill compact «i*i 18'/j' wide, ^4 1 /t' hiah, IB 1 /,' deep —ideol for a imall home, trailer, or motel. Come and get Wards TV ot reol lavingi during Wards big 4-Day Sole I 21.95 DELUXE RADIO Use Term, 17.88 "*" ** Choose it in white or brown for a welcome addition to v i f ;,,-m. Has rich tone, built-in antenna. Pulls in dislant stations without interference or drift. 13.50 COMPACT RADIO Brown 10.88 Buy* Packs performance of larger mantel sell. Hoi a built-in antenna. Bvy it now for your bedroom, kitchen, or workthop. In red, whit* or green 13.44 ASK FOR FREE FOLDER ON WARDS COMNJTI LINE OF TV KH

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