The Courier News from Blytheville, Arkansas on February 12, 1948 · Page 11
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The Courier News from Blytheville, Arkansas · Page 11

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Blytheville, Arkansas
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Thursday, February 12, 1948
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Page 11
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THimSDAY, rCTKTJAKT U, 1941 Price Supports May Be Needed Market Gyration* Expected to Bring .Action by Congr«tt By Aunlln C. W«hr*fln VuHtt fient SU/( CorrMpondent .WASHINGTON. Frt. IS. (UP)- TJi« *t«»dy drop In commodity prltt* hu revived ih« possibility of »*r!y «nigr«Mion»l action on » new government projr»m to protect firm prices. 'Major (arm products still ar« abov« price support levels—wh«*t. j»r example, by >« much t£ 45 cents ^ bushel. But farm bloc l«»der« a'gre* lhat a continued market slump mifhl make It n«cei»»ry to give early consideration to replacing the present support program, due to expire Dec. 31. 'Sen. Geoise D. Allten. R., Vt., chairman of an agrlcultur* aub- oorimiittee svorklnt on * new lonf- r»ng« farm prosram, aald )» wa.j confident the Senate would approve such a program this year. \ Peretofore .the House Agriculture commtttet has been lukewarm tn eiiHClinjr a new program this year. Most members have felt il would b« enough to extend the present one, But Chairman Ollf- lord Hope. R,, Kan., tald the market break might chang* thlngi. '.'It there will Be AUMiamial further declines. I think that would have a tendency to force the committee to Ret together—to reconcile difference*—and to work out ^'-long-range program at thla M8- ilon. ;The support program aMurM far- mtrs that th« fov«rnm*nt win come to.:th«lr resent If price* drop below k 'certmln point. The present support price on wheat, for Instance, i«;,"90 per cent of parity. Parity In the price at which a bushel of wheat will furnish the same buying power It did in the 19W-1914 period. Meanwhile thf president'* council of economic advisers set F«n. 27 as th« daU tor the first of a aeries of six meetings with advisory committees from agriculture, labor « d business. They will give the esident't lop economic experU a. anc-e to analyr,e the opinion of evpry major group in the economy on the effects and meaning of the recent price gyratloni. Speculator by Trade Reports Making Big Deals No Novelty CHICAGO, Feb. U. (OP)—K. .T. Miynard, a ".spectilalor by Irade" yesterday Mid that m»klng "over 1300,090" on a filling grain market »•»« no novelty (or him. Hft don« it bcfor*. Maynard, who d«pior«<) all th« ttlentlon h« was getting, from gov- ernment'aourees. uld he hl» at other time* In hl> 30 yean M * train trader mad« or loci that much oion*y. Thla ealn, he iaid.l Junt happened to com* at a time, wh*n trading wai being "passed around aa a political football." "It waa obvloun that tlie maj'ket was started down." ht said, He dent«d any "lastde Information" contributed to hU gain. He wa.s only putting to work the knowledge hf hurt gained In hii «xp«rim««, k* mid. Tr>t flgur* nf tround »JOO.OOO was »boul. rl*ht, h« «ld. Any hlglifr /iitirei, h« added, KM« Aomethttif •omtbody had "tUMA«d." He declined lo say how much he li*d put icp (<i mike hit profit. M«ynaid Mid that making a. pio- fit on tlic markit all waa a combination o( t^lnf liKky and paying clow attention to all factori. He mentioned that o~ laat Dec. t. Secretary of Atrtculturt Clln- Ion Anrlerann pradlcled that aoon- rr or Utcr about 1,000,000 extra which w«r« not going to be iin>d aa f««<l, and which would "catch "P with the market." That, h« aald, wai what pen«d. U c«u»ht up. hap- J»an Martin of Dill Guttt of Kiwaniant •«o by thi Klwanu Olub U learning walk MI artificial Itft. wa« a gu*«t at th* club's WMklr meetlnt In tht Mot«l Nobl« ya«Ur- day noon, wtitn aha pJayetf thrM Piano MlMtlona. '!1ia •lyth«vlllt Junior Nigh Bchool Ote* Club, under the direction Of Mn. !*nl»r RMO, M ng numb«r», aecompcnlcd by OiWKlj were W. A. Uartir, «< j>n I"*.**"' •*"• ««lll>. and rr*d R*kh»l, both of B]yth«vlll«. Women finJt HutbanJ D»ad of Htart Attack; Strlckin inking Aid -.- Wife She found him __ „„ help, th» wa« MtaM «iui tack •»« WM d**d M«N r«achM h»r. Doe tor. MM or heart at(«eka. 1 - Doubl* <«m*r«l Mtrl»«« conducted UMlar. f«* at- Two Army Men Killed When Plane Crash*! UNION SPRINGS. Ala., Feb. 12 (UPl—Two Army men were, killed near here Tuesday In th* crash of a? Army AT-6 plane, en route from Brookley Pleld, Mobile, to Turner Held, Albany. Ga. Sheriff J. L. Pickett. of Union Springs, said the ship went down al •bout, 11 p.m.. during a heavy rain Resident of the area heard the crash, but were unable to locate thf plnxe. Foe; also was heavy tn trie area. It was discovered yesterdny, by State Highway Patrolman T. E. Mathis. of Union Springs. The bodies of the two men were still in the ship, which did not burn. "Farms of the United States were expected tn /arrow 8,600,000 sows in the spring of 19*7. an increase of six per cent over 19*6. FREE! FREE! FREE! FREE! FREE! $550°° IN PRIZES! STILL & YOUNG MOTOR COMPANY LINCOLN-MERCURY DEALER Will Give This Amount At Their Officiol Opening, This Coining Friday, February 13th Make It Your Lucky Day SEE US FOR FULL PARTICULARS If you are a resident of Pemiscot or Dunklin Counties, Missouri, or of Mississippi County, Arkansas, you are eligible. Simply bring your driver's license along for identification and we'll give all details. Come in this week — early! „ $250.00 FIRST AWARD! • Can you use it? • Con you afford to miss it? • No catch to it! • No Pure ha i* Ntcessary! Our Location: Corner Walnut and First Street* Blytheville, Ark. REMEMBRR— Next Fridn.v, February 13th SEE US TODAY ml<ldl*-M»i)-ArkanaM farm «oupl« CONGRATULATIONS STILL AND YOUNG! On the opening of your Mercury-Lincoln agency w« Would like to take the opportunity of wishing you every success you may desire. feel, as do all other Blythevillians, that the city of Bly the- vil.le and this section can alwa/s use a hard-hitting, progressive business firm such as yours. It has been a pleasure working with you on the construction of your fine, new building. We a re as proud of it as you are! | BEST WISHES Fro m HUGHES & CO. BUILDING CONTRACTORS South 10th Street at R. R. Phone 3531 . ' Best Wishes Still & Young :... On the opening of your Lincoln-Mercury Agency! It is our fond hope that you grow and prosper with the years. AGAIN we had the privilege of doing the layout and electrical construction on another new business for Blytheville. The pride we show in our work "MUST" pay dividends. For friends recommend to friends the "RIGHT" place to get good work done. Youll find that City Electric is foremost in its field. For everything electrical call on us! City Electric Company // A . % * ** . .. *^" *^^ Blytheville Dial 2241 Your Service Portageville, Mo. it Osceola

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