The Courier News from Blytheville, Arkansas on November 19, 1947 · Page 6
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The Courier News from Blytheville, Arkansas · Page 6

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Blytheville, Arkansas
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Wednesday, November 19, 1947
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Page 6
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PACK BIX BLYTHEVILLE -(ARK.) COURIER NEWS WEDNESDAY, NOVEMBER 19, 1947 Funds Needed For Bond Sale Campaign to Sell U.S. I Savings Bonds to Aid ! Anti-Inflation Move I WASHINGTON, Nov. 19. (UP) — 1 Treasury officials said yesterday * they would need new funds from I Congress beforelhey could join the i President's anti-Inflation campaign ( with a gigantic new drive to sell 1 u. S. savings bonds to the public. ! But they said the relatively small ' amount of money needed to hire j extra sales workers would pay off I huge dividends in draining oil ex.< cess spending power; • ! Scrreiary of thc Treasury John ' W. Snyder £ai(i he was "absolutely 1 all lor"" the sales campaign which [ Mr. Truman, in his message to i Congress Monday, held out ns "an> other effective weapon" against In| flation. * If Congress provides the moucy 1 for an adequate sales staff, Snyder said in an Interview, the drive can I be put under way without delay. ! The lust organized war bond drive * was the Victory Loan late in 1945. i Since the program began on May I. ' 1941, sales of savings bonds n.ive ! totaled SC9.330.1MO.UM so far, S20,- i 320,003,COO worth of these bonds have , been redeemed; leaving TO.7 p« cent —j^™;;; ^^i bE ^ \ 0 $40,000,000,000 of World War II Surplus Sold Through WAA for Mere $5,500,000,000 By DOUGLAS I.ARSEN NBA S(aff Corresponded WASHINGTON. NOV. 15 (NKA1 — Uncle Sam will lose probably about $35 billions on the sale of surplus war goods at home and abroad. With both foreign and domestic disposal Jobs in their final Stages, it Is estimated that S40.4 billions worth of war goods will have been declared surplus when both operations are finished. To date $5.1 billions have been returned ot the treasury in cash and foreign 'credits for surplus which has been sold. There remains about S11.8 billions worth of goods unsold, lint they arc the left-overs nobody wants, and if n quarter of a billion can be realized from them, thc experts say, (lie government wil be lucky. Uncle Sum has been n more trusting and generous merchant spiling surplus abrnnd that lie has at home. Sales lo foreign counlrlo: have returned about $350 millions for goods that originally cost $7.0 bill- Ions. Another SI 1-4 billions arc owed us on the sales niirt this is expected to be' collected in several ways. Debtor rmmlhrs will give lunrl and buildings for American embassies nnd foreign oliccs. Part payment will be accepted in currencies of the debtor countries foi expenses of U. S. foreign ollicc workers there. Under a Inw Introduced by Sen: J. William Fulbright ' still in the hands of their purclias i ers. '. The treasury set a goal to sell '• $1,000,000,000 worth of bonds Jn 1917. i So far U has sold about S6.000.0W.- ! 000 worth, .but nearly 54,000,000.01)0 | worth of bonds have been recteeme;! . this year. C/0 Executive Asks Pension Ruling Upheld WASHINGTON. Nov. 10. (UP) Frank Donncr. assistant gimeiol counsel for tlic CIO United Stccl- workers, said yesterday "serious labor imrcst" and stronger wago demands will occur If the National Labor Relations Board rules ptu- sion'plans out o! collective bargaining. Donner made his statement ir. an appeal to the hoard to uphold a trial examiner's recommendation that the Inland Steel Co. he ordered to liar- gain with 'the CIO union on a pension plan. E. S. Ballarn. Chicago, attorney for thfe steel company, asked thc board .to dismiss the case. pay up to $20 millions of its debt foi surplus goods by giving scholarships to American students for study li> that country. But thc major slice of the debt Is suposcd to be paid in cash Installments, spread out over 30 years according to various credit agreements if the countries can find cnnugh elusive American dollars. Mnj. Gen. Donald H. Connoly lieoci of the Office of the Forclgi Liquidation Commissioner, estimates hat his efforts to date have re- urncd about '22 per cent net on Consumers, Not Farmers, Blamed For Food Costs AMES. la.. (UP) — E. K. Bliss of the lowa State College extension service thiiik.s he has nailed down Hie "culprit" responsible for the high food prices. He blames the consumer, tjon- ' "J"", ~~ Mimcrs bidding agaliut each other I °.' ra ™ In the open food market raised the ""Wit. were high-priced .foods. RatloiiJnc Failed BILsj pointed out that even when rationing was enforced, meat consumption Increased about.is pounds . pur person In this country. j Government farm price supports | for certain commodities have had j nothing to do with present (arm ' prices, he said. H wasn't the I farmer who boosted prices. Bltss i contended, although he did his I He blames the consumer, Con-j 1 * 51 , to produce. Any slaclcing-off | '-' ' production l» due to] he suggested. i prices. Open market prices work that way, he said. 'Die extra competition In the food market comes Irorn the previously low income group. They now are working for good wages and can buy the food they want. He termed thai encouraging. He esti- miitcd that people are eating 15 per cent more meat, milk and eggs than hcfoie the u p ar and said those While admitting food shipments i abroad had something to do with high prices, Bliss said It wns Just a subordinate cause. He cited meat, which Is not exported in large quantities. "The consumer 1« the only answer to high meat prices," he concluded. here." Ho is vice-prr.sldcnt of thc state's llyinft lanmirs chapter and a member of the state board of education. "I don't fear another calamity like tho 'hbck blizzard' area," he ijalri. "We've learned a lot, about farming .since then." Twelve Babits; All Boys HICKORY, :•(. C., Nov. 18. <UP) Eleven times the stork-visited 39- year-old Mrs. P. W- Stephens and her husband and 11 times the child was a boy. Then the stork oame for the 12th time. Stephens again waited anxiously Lo hear th word, anxiously to hear the word. RADIO REPAIR 1 AND I DAY SERVICE gN ANY MAKE OR MODEL. RELIABLE WORKMANSHIP. PHONE 2642 We call for and Deliver FRED CALLIHAN Electrical Appliance Co. Authorized Motorola Ridl» Salei and Servtce 106 South First St. With ;i U. S. Interpreter to luilp llicm, I wo Soviet [ilng for surplus machinery ;it a If. S, Army <Jri>;>l wound up as H big customer for left-over \v:ir gumls, on how to m;ike jm.vmrnt ;is ,vel. 111 J'.ins. but husn't riots and epidemics ..... 110 1 — i.s hi (jennany. The rest is scart- Arnis and ammunition trans- \ tried ;itl over the world, mostly In fcrrcd to Latin American I the,' form ot fixed installations and countries ................... 134 ' airports m out-of-llie-\vny places. Russia, after lonp deliberation. [ When OFI.C's job is done these bought tires and telephone equip- - niciU from the OFLC lor an agreed- upon sum of S7D.OQO.4fl. The sales price wiw smoothly iiCBOliaied ami the goods wore delivered, but no agreement could be arrived at as j 'tcins will simply be be sort ol Swedish Girls Spurn Latest Fashions to how payment should which puts Russia in u .special category of debtor.. . In general the lorelgn sales Job ales, compared to the 25 per cent | iias bcen s i, nv \ cr than WAA's lasJt irt return claimed by War Assets | al homc'ucraiise there was no com- AciininlMKitloii for sales of surplus I j,,,,,,,,,,^ By5tcnl of ]n iorilip.s. M OSI I home, Connolly says that about | of thc aca ^ w , rc ln !uige lnl _ s . |lc ,. i Days Not Over, Two Men Prove , .. SIM billions worth of surplus will lo fnrclh'Li countries. Thn Army acteri iftve bnen handled by his outlll ns custodian lor all overseas sur- jy the time thc job is finished. WILIi 32 per cent of his job now finished estimates he can close his doors about the end of 19-18. Here is Die list ol the 10 countries hat have bought most of the foreign surplus, showing the bargain they got and what they still own. Cash received is so little that it does not affect the overall picture. Original Amount cost. Owed (Figures In millions of dollars,) France China Philippines Italy Tmlia United Kingdom Hrlpmin Canada Biiw.il JP)—The newcsi fashion trends — mld-cnlf skirt lengths and classic bust lines, hnve not Influenced the latest ji soil'si'which Swedish girls will wcai th*!s: -winter. Jersey suits i displayed this sieck clearly show the cloth is made comfort. The practical suits ciit lor cycling, wnlklng »nd nl sports and give the lull amount o eminent freedom needed for sitting and' working in the winter seasons.. Normally, winter clothes tend to he tight-fitting and uncomfortable. Jersey cloth is a newcomer to the Swedish market. Only in the past months have Swedish girls worn the cloth. But because of its many uses and low prices, thc? material Is Tiopular with ,thc Swedish girl. Today every third girl hns a jersey garment in her wardrobe and many wear jersey dresses every day. §1,338 824 638 R31 ML! 5R7 ;*Rfi 59 31 17 $300 170 137 149 .WE.STHOPE. N. D. <UP>— Back in thr dHst-drearv dnys of the early 30's, a tired, hungry ninn wsi.s stranded in lhc little town of Roila, N. D., because he didn't have money to buy a tire for an ancient truck- plus. Hut OFLC has boon hamper- He was Howard Henry, who this ert In bargniiunR because each for- ] yrai 1 will harvest ?. $57,0-00 ^heai elgn nation knew, when U."S. troops ; and flux crop. left, that surplus goods would be j Howard Henry, like a prcat many abandoned and we would have lo ] other Norih Dakota fanners ::. take what we could get. Ofr'LC's operations haven't received the publicity that attended WAA's activities, But they have bcen just as colorful and have had peculiar ramifications on the world's those? diivs. bjjrvo'.ved money yc.t. after year—slaved of! cretiitors- wnited for tropa that r.e\er came Swirling du.st, cloudless skies. burning sun all combined to turr. Bottineau County hno a desolate waste or Km^ian tmvJ.r.s. He and a trientl suc:rear?d in ge'.- ting one move £rub-5uike. \Viih, Bill Shaffer, his partner, he got. <.Tu ] needen tire lor thc old mirk a:ia commenced lianlinq licnke coal. Ir. KHiiiUvy lives becathsc they can take j cXi-liunLzc they $ot -oveMiineiu . c e€-a baths in MUplu.s iiirpliiiio belly uuik;. lor a <limc A w*iw- trade nnd culture, in addition to being a tremendous help toward reconstruction. On nuiny Pacific islands, and in China' and India, hundreds of i thousands of natives now !e;(d mm France wns the brst ; customer bcv cunsc that's where, nid.st uf thc S. milltjuy supplies were left when the war in Europe ended. Chiua was .second, getting all the Pacific surplus except Unit in the Philippine, in n complicated deal involving crc dits against the U. S. lor Chinese labor on airports. Thn Ciiinr.se ROV- has only collected about half her Roods from the islands all over the Taclflc. Disposals other than by sales are as follows: (Figures in millions of dollars.) Given to United Nations Relief and Rehabilitation Administration , . Given away to other relief agencies and countries Abandoned (airports, niruratt, fixed Installations, etc.! ! Given to Germany lo prove tit ipl The prestige ot uu Indian ja is no !oiu;cr determined by lhr number of, Roll^ Iloyce cars he IP., owns. He is now r;s1ed by the number U. ' of ulrp]anc' lusplngrs he lia.s bought nnd (minted bright colors. MOSI of tlic fishing off tlic coa.sL of Europe anrt China is hrhiR done willi Muplus caiuoufUiyc nets. Two t\vo- wheel trailers last curd together ;n e standard fnrm carts all over Europe, And our construction equipment and material i:> being used nil o\ r er the ylobe. U \vas bong] it up almost jminc'diiitely along with surplius food and clothing. One of the benefits of thc foreign surplus sales which will con| tinue lo nccrue to thc U. S., for a 5 Id UK time is the u.se of foreign alr- j ports by American planes, which 60 j wns uran^ed in many of the disposal RRrecments. 610 i The Vngspst. single chunk of sur- I plus left unsold—$500 mi: t ions war:]) 5130 We never had our ?lv» ^ off f^r three months. 1 ' he rec;il!cd as :.s walchrd, his tTiicks haul v.i;cat av>ay Irom finir cohibir.rs. "\Ve had LO k c r p , rpl 1 in £ it i t b • ^ ^ c d ;r> 5'." " Today, Howard Iirnry iS.nr:s -^ quaiU-j's oi Jai:d- and riof-i-r..'! owe a. cent ou a siuplc acre. Sh-aller nn-,v is a "retired;' ^n::--:. Bi]t Henry, suti-tannrri a;ui or.!;. 44 years old. U nuikir.s tiur.cji 3-iLTi in this little prairie town. He o^vns lhc onfy hotel nnd R reMauram ?::d lie is bullcimc a nc\\ theater, a "0- iccjn ail-moricrji .inai laien; houie and a jewelry sU'iv. X-::<: .=u:;:nier he planj to sponsor a children'* plaviu'ound. "All of my money came out of BiHtineau County sn:l." he- t-xiJlain- ed, "and it's all fioum tn stay riiiht It's New! Fiesta Wine 4A to B Widths Rich new colors, luxury leathers .. . new Mim, feminine styles . . . new detailing. Smart fit — smart fashior— gniart twice! Floyd A. White & Sons SHOES 313 W. Main * and Used Electric MOTORS Suited to any use. Com* in 1/30 to l'/z horse power sizes. Supply If Not Unlimited Medlin & Lane ELECTRIC COMPANY I2y S. First Plume 2180 FOR SALE 4-in. Concrete Sewer Tile Concrete Culvert Tile Size 10 in., 36 in. A. H. WEBB Hwy. 61 at Slate Line Phone Bl.vtheville 714 FREE ESTIMATES ON • PAPERHANGING • PAINTING Interior or Exterior Painting Phone 3885 Russell Price i MALONE Plaster. and Stucco Phone 2029 FOR ELECTRIC WORK *Call 2397* • Bob Powell • T. W. 'Hop' Neil We specialize in house wiring, farm wiring, motor rvpiiir and appliance insinuation. BOB'S Electric 500 N. Fifth St. lilvtheville. Ark. P O UNO FOOLISH d*sen.'e gocxJ shoe repairing. $fr D* H-flLT€RS QURL1TY SHO€ SHOP IZI W. MflIN ST. FREE! FREE! 1 —$50.00 U. S. Sewings Bond 1—$25.00 U. S. Savings Bonci each week. PHILLIPS 68 IS CONTROLLED* FOR FAST X STAR1S AND SMOOTH GET-AWAY! Whether you're knocking n squirrel out of a tree or giving n Ipncl to a high-flying duck—it takes control lo draw thnt bend and hold it. Anrl it takes plenty of control, too, to mnko a gasoline like Phillips Ofi! We control Phillips fiG by the rnrc- ful selective blending of our high- quality gnsolino components. This means yon gel the kind of gnsolino beat-suited to smooth, powerful, efficient driving nil seasons of tho yparl Try Phillips 66-thp "controlled" gasoline. See what it. will do for your car. Stop at your Phillips 66 Dealer today! STATES SAVINGS BONDS During Southern Auto Stores "Old Fashioned Bargain" Sale NOTHING TO BUY! Register Daily at Your Local V §& PHILLIPS 66 GASOLINE '»OL*T!LITT CONTROUED" t, ,;„ KM PO WER. PtCK-UP AND PF.P1 Stores FOR SALE Concrete Building Blocks Aquella Wafer Proofing Paint 12-48 inch CONCRETE CULVERTS plain or reinforced Osceola Tile and CULVERT CO. We Deliver Phone 691 •O 01 2611 — 2611 — 2611 — 2611 IF YOU WANT THE BEST IN A FIRST LINE TIRE . . . GET THE NEW "HOOD 400" • Washing • Road Service • Lubrication • Esso Products Also Goodyear and Firestone Tires 201 West Ash Street 1st ration Day-Every Day! Plan fo Attend Saturday Nite Drawings! Win a U S. Savings Bond! REGISTER DAILY! Did You Say Service? Service is more than a word repeated, here at NU-WA. Service to us means iin« CLEANING AND LAUNDRY picked up and delivered at your doorstep. Service here, meani satisfaction to every customer It means that you c.in trust every garment to us and have them returned spotless, unharmed and ready for immediate use! Dial 4474-4475 j) Far Oar Double Service j/ V) NU-WA LAUNDRY CLEANERS 220 North Second Street /** *ML m&cuRy sewce ALWW $u you* Still & Young Motor Co. Lincoln-Mercury Deafer Phone 3479 Blytheville Ark. 112 Walnut 8*.

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