The Courier News from Blytheville, Arkansas on September 16, 1952 · Page 7
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The Courier News from Blytheville, Arkansas · Page 7

Blytheville, Arkansas
Issue Date:
Tuesday, September 16, 1952
Page 7
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»AT, trrr. w, MM CKXJUBX JWW1 Starting Now You Can Buy a House Without Government Regulation Br FRANK O'BRIEN WASHINGTON I*—Starting now you are free to buy a new house on whatever terms you can arrange, without any government su- Commodity And Stock Markets— N«w York Carton Open High Low Close Oct 3920 3929 3905 s 3912 Dec 3919 3924 3903 3906 Mar 3911 3919 38?1 3898 May 3895 3902 3880 3880 N«w Orleans Cotton Oct , Dec Mar May Open High Low Close . 3924 . 3117 . 3911 . 3296 3929 3908 3923 3902 3916 3897 3902 3880 3918 3107 3901 Soybeans Eep Nov Jan, Mch High Low 310 304-i . 303VS 293'i 305 302H 306 V t 303 Close 308"', 302^ 304 H 305 !1 New York Stocks A T and T Amer Tobacco Anaconda Copper Beth Steel Chrysler Coca-Cola Gen Electric Gen Motors Montgomery .Ward N Y Central Int Harvester J C Penney Republic St-eel Radio , . .'. Socony Vacuum Studebaker Standard of N J ...' Texas Corp Sears U s Steel ', Sou Pac 153 3-8 . 55 7-3 41 1-8 40 1-8 80 110 61 7-8 59 60 18 31 5-8 67 39 1-8 26 1-4 . 35 5-8 . 36 1-2 76 7-8 54 58 . 38 1-4 . 41 pervlslon or regulation. The Federal Reserve Board cut home buyers »nd purchasers of commercial property loose yesterday when it suspended Regulation X. That Is the government order that since October, 1950, had set official limits on the amount of credit lenders could give In home and commercial property sales. Regulation X applied only to new buildings. Simultaneously the Housing »nd Home Finance Agency (HHFA) announced it was loosening its regulations governing credit In home sales where government loans or guarantees are a part of the transaction. BLS Provides Fifrurn These moves followed notice by the Bureau of Labor Siatlsllcs to the Federal Reserve Board and Ihe HHFA yesterday that housing construction during June. July and August indicated that not more than 1.200,000 units would be started during the year. Under amendments to the 1932 Defense Production Act. Regulation X had to be lifted if housing starts during three consecutive months, adjusted on a seasonal basis, pointed to'fewer than 1,200.000 new homes or apartments in a year's building. The Federal Reserve Board suspended Regulation X without comment. But Housing Administrator Raymond M. Foley made it clear in a statement that he was not happy to open the credit dikes on government-backed housing. He suggested that Regulation X might have to be reimposed later on. In the amendments vhtch provided for suspension of Regulation X .Congress also provided that if during any three months housing starts went above 1.200.000 on an annual basis the government could put the regulation back into force. ThU. however, le not mindatory. "" NATIONAL STOCKYARDS, 111. «V-<USDA)— Hogs 12,000: . rather slow, uneven; weights 180 Ibs up to 40 lower than Monday's average; lighter weights 25 to 50 lower; son's weak to 25 lower; choice 190 - 240 Ibs unsorted for grade 19.50-75, largely 19.75 early for 200230 Ibs; few loads mostly choice nos. 1 and 2 early 19.85; 250-270 Ibs 18.75-19.50; largely 19.00 up; heavier weights scarce; most 170180 Ibs 18.00-75; 150-170 Ibs-16.5018.25; 120-140 Ibs 13.50-15.15; sows 400 Ibs down 17.00-50, few 17.75; heavier sows 15.00 - 16.50; boars 11.50-15.60. Cattle 5.000; calves 2,200; little done on steers and yearling? although a few light weight butcher cattle to small interests about steady: cows opening steady; utility and commercials 16.00-1B.OO; tanners and cutters largely 125015.50. SURVEY Continued froai' fife J state is close but leaning toward Eisenhower. And again the main reason for , this belief, they jsaid, is that the folks at home are talking up the time-for-a-change in Washington theme. COLORADO Colorado newsmen believe, makes the state unpredictable at the present time. WYOMING Gen. Eisenhower is expected by editors of 27 Wyoming newspapers to run up a larger margin here than in any other Western state. Even so. many editors and most party leaders are predicting A closely fought election, with 5.000 or 6.000 new voters a factor that could alter the percentages considerably in a state that polled only 104.256'votes in 1948. MONTANA Incomplete estimates for Mon• tana indicate a combined opinion by newsmen lhat Eisenhower is stepping out ahead of Stevenson in ^ eight counties having a of the state's population. Since the appraisals are Incomplete. Ihe state Is considered •JC" K«qiir*d i per Ont Regulation X, which went out ast midnight, required a down pay- nent of at least t per cent on house* gelling for 11,000 or l«n. SPECK (Continued from Page 1) discontent Into open strife. Sp«k Conctdw "Position" At a meeting of Ihe American Legion here Saturday, Speck admitted that he has little chance to break Arkansas tradition and defeat Democrat Francis Cherry. But. he added: "If Eisenhower is elected, we're going to have a state governor — that's Mr. Cherry — and we're going to have a federal governor —that's me." He pointed out that the Arkansas Old Guard had opposed Eisenhower, and said he would be the Republican boss of Ihe stale should the general win. Wake Island IsLaMdby Typhoon Wind HONOLUWJ f« — A ratfnc typhoon with wind* up to 140 mil** »n hour lashed tiny Wtk* laUnd j«t«d«y, demolished living O.UHT- *ri «nd communication! tnd »*nt :h« M» crushing over th« entire Island. Mountainous KM «nd torentlal ratns buttered the island which It only 15 feet above ttn level, ill «f- ternoon, subsiding only lite «t night. Alr-se« rescue plane* left Honolulu's Hickim Weld »nd Mwajalein this morning with foo<1, water and medical supplies for the 600 men. women and children marooned on the coral sp«k 2,300 miles vest, of here. "When they want anything (the from Democrats) the federal STEVENSON (Continued"from Page 1) 12, in Washington. There are indications at headquarters today th^t the Democrat-i c presidential candidate is redrafting his campaign strategy.' The event that appears to have changed his position was last week's meeting between Gen. Dwight D. Elsenhower, his GOP opponent, and Sen. Robert A. Taft of Ohio. Stevenson says Eisenhower's "great crusade has become the great surrender." that Taft has "taken over" the general's campaign. And he added: 'This puts an entirely new aspect on the campaign and on the election." He 'has been In long strategy conference wilh his chief lieutenants the past two days. Up to this point, he has been pegging away at the claim of "disunity" among the Republicans, arguing that the Taft backers and the Elsenhower supporters constituted a "two-headed elephant." He found many phrases to twit his political enemies on that score. Correspondents asked him, in a news conference yesterday, whether he will continue that line now- thai Taft and Elsenhower have held the long-awaited meeting. He That remains to be government, they're going lo have lo come to me," boasted Speck. Townsend and Cobb, in a statement, took a dim view of Speck's remarks, and warned that Speck "deserves substantial influence in our party affairs only so long as he is willing to channel his efforts through regular Republican organization." Townsend and Cobb branded Speck's implication that • Eisenhower would not do business with party officers in Arkansas "wholly unfounded." "Front personal conversations Gen. Eisenhower and from his many public pronouncements, we know that he will not by-pass the state organization, the Nationa' Committee, or our delegation ir congress in dealing with matters affecting this state," (he two lead ers 'said. Reached last night at his home in Frenchmans Bayou, Speck cen lered his ire on, Cobb. "The action of Osro Cobb in Iry TRUMAN (Continued from Page 1) been president, I have recommended programs which I believe will orovidc better medical and health services for all our people." Asserting some groups have been strongly against Ihem. he said Ihey are Ihe ones who "want lo pull back." He said he has conslantlj asked Ihe "pullbacks" to offer « plan ol their own but they wanl to "stand still" or "even move backward." "Even now they seem to be ad vocating the amazing proposition lhat government should have nothing to do with health except for •locally administered Indigent medical care programs, 1 " Truman con tinued. » "Horse »nd BUSRJ" DIJI "That's about like saying we don't need any form of social security except Ihe county poor hnuse. These people really want !o go back to the horse and buggy days." In his New York statement,'Cen. Eisenhower conlendcd a federal system of health insurance would check the progress of American medicine and give "regimented, assembly-line treatment" to patients. Eisenhower added: "Experience has shown that KfCE SEVEN BEES •tin* out of It." Mr. Thaxton. who lives at ZM4 Orolyn, has been keeping honey net* IB years and was a commer- cl«l bee ralstr at Lake City before moving to Blytheville In 1030. He kept K few hives when he moved end has lately turned his be«* Into a combined hobby-corn- m'ercinl venture. Part of his bee colonies are kept on a levee at Big Lake and others on Mississippi Levee near Cl«r Lake. ObHuries American medicine outstripped the ng to repudiate me m his news world on a voluntary basis and on elease is typical of 25 years of I that basis, plus voluntary Insur- ils leadership in keeping the Republican party a closed corpora- ion (in Arkansas)," said Speck. I am sincerely convinced that he would not like to see Gen. Eisen- riower carry Arkansas in the gen- ral election. "If Elsenhower carries the state, as I believe he will, in spite of Osro Cobb, it will put the finlsh- ng blow to the closed corporation »nd put the Republican party in he hands of people who Are in avor of 2-party politics." Speck also said thai he felt he was as much a part of the GOP organization as anyone else, and added that he was "the only man who got anything unanimously rom the state convention." Apparently, he was referring to he gubernatorial nomination, for which he was not opposed. now third replied: seen.' The atmosphere here now that Stevenson's principal advisers have had lime to examine the position in the GOP camp contains mixed reactions. On the one hand, the strength of Taft's organization is well recognized. The governor's aides—insisting that Taft Is In the driver's seat—believe he will bring; over to Eisenhower a good deal of Republican support the general did not have before. And they feel that some backers, heretofore lukewarm and half-hearted, will become active now. But they hope to counter that by appealing to the independent voters and to the "Republican progressives." Stevenson said In a prepared statement to Ihe news conference: "From what I've read and Ihe messages I've received, I gather trmt the Republican progressives who lought too hard for the general at Chicago are wondering what has become of the 'great crusade'. So am I." The governor said he has not, up to this point, been focusing his campaign on the Independent voters, except to hope that "what I had in mind was being sympathetic" to them. But he said, •SBv r MEN WANTED BY BUCHANAN CHEVROLET CO. We need a first class BODY & PAINT man . . . also combination MECHANIC & BODY & PAINT man to lake charge of our used car department. Top salaries. House to mov« in. Phone Osceola, 707, immediately. I \ Buchanan Chevrolet Co. ^ Osceola, Ark, A ance plans, together with locally administered indigent medical care programs for Ihose unable to participate—the needs of Americans will most adequately be mel." 'Truman was already on record as saying lhal if opponents of compulsory medical Insurance can come forward with • belter plan, or even one almost us good, he will go along with It. Study Being Mud* A presidentially appointed commission, headed by Dr. Paul B. Magnuson, former medical director of the Veterans Administra- lion,' is now making a study of total health requirements with authority to make recommendations on federal health insurance and ail other health matters. Truman said he did not know what the commission v will recommend and "I have not In any way sough!'to control the work of this commission." The president pointed to the growing program of constructing hospitals and said behind all advances "is the underlying force of medical resource." Right now, he said, (he federal government Is supporting by research grants about a quarter, of all research • done In medical schools "without any control at all over Ihe scientists or the schools." "Our atomic apothecary 1n Oak Ridge has made about 27.000 ship- menus of radioactive isotopes to 922 I n s t i t u t i o n s In the United Slates," Truman added. He said many of the hospitals were using these materials for diagnosis of patients wilh thyroid disease, heart disease and cancer. But, he said, "you can't take care of sick people Just by putting them In a building." "The building Is a shell and doesn't become a hospital until H is equipped and staffed. You can't make the best modern medicine available lo everybody EISENHOWER (Continued from Page 1) for the nominee's visil. "The farm cooperative is the real salvation of the family farm and the family farm is the real salvation of agriculture," Ihe Republican nominee declared. As he did yesterday at the beginning of this 12-state whistle-slop trip, Eisenhower sailed into the quips with which his Democratic opponent, Gov. Adlai E. Stevenson of Illinois, has attacked Ihe Republicans. "Americans are not waiting for entertainment:" Eisenhower said. "They don't want me to be a Bob Hope. Is dishonesty In government a laughing matter? Is it amusing?" The crowd applauded. Arthur Summerfteld. Republican national chairman, told this reporter Eisenhowers' backers ar? "entirely satisfied" with the impression the general made on about a quarter of a million persons who turned out lo see and hear him in Illinois and Indiana yesterdav. Summerfield said Eisenhou-er will continue to deprecate the levity with which his Democratic opponent, Gov. Adlai K. Stevenson of Illinois, has drscribed Reoublicnn reaction to many of the Issues of the day. 'Gen. Eisenhower's own sincerity and his recognition of the seriousness of the situation exisling today contrasts fharply wilh his opponent's wisecracks and I believe that fact Is Impressing the people," Summerfield snid. Ikr lo Leave Train Eisenhower will desert his campaign train temporarily this afternoon to fly lo New York, where he will sneak before (he Amerlran Federation of Labor Convention tomorrow. He oil! pick up his train aualn tomorrow night in Moline. Infant DIM after Fall From ltd during Night Bervlcw for «*nley Edward B«»s- Icy. on«-monlh-old «on of Mr. and Mrs. Franklin Edward Beasley who died this morning «t the parents' home on North Franklin Street, will be conducted at 3 p.m. tomorrow at Lake Street Methodist Church by the Rev. Bob McMasters. pastor of Lake street Methodist Church. Burial will be In Memorial Park Cemetery. Coroner K. M. Holt said the child died of Injuries received when it fell from • bed last night. Couple Buys First Home Under Korean Gl Bill Mr. and Mrs, James Cooper were featured in an article In Oklahoma City's Daily Oklnhoman which called them the first CVT couple to buy a home in Oklahoma citv under the extension of the Or nlil of Rights granted to Korean veterans, ^ Mrs. Cooper Is the former Miss Pefrgy Jnne Barnctt. daughter of Mr. and Mrs. Bruce Barnett of L"xora. Rt. 1. Mr. cticper. now a civilian, employed at. Tinker Air Force Base. Louisiana Publisher Dies; Former Arkansan MONROE, La. tin — Geor»e V. Lofton. 5l-.vcar-old managing e'dl'or "( tlic Monroe News-Star and Morning World, died loday. Lofton had been in failing health in rerent month*. He h!-d hern active In Ihe direction of both newspapers, however, until Sept. 2. wh.'n he entered A Monroe hospital. A brother. Charles M. Truman Tells AFL Taft-Hartley Law to Be Worse If GOP Wins m , IJ V resld « nt Tru - lh « <"« «' "anll-labor devices of man (old the American Federation spies, finks, blacklists and yellow of Labor today that plans are afoot to "make the Taft-Hartley law even more oppressive and unfair" to labor if (he Republicans win in November. In a message to Ihe FL'a convention, the President said .that "special Interests are already grinding their axes for a fresh attack on labor In the event of a Republican victory." ' He said he hnd "seen indica- tions"-lhat such "plans are afoot In Wall Street." The message was read at a session al which w. Averell Har- rlman. Mutual Security Administrator, was introduced as "the next secretary of stole" by AFL President William Green. Harriman, who at Ihe * Demo crude- convention in Chicago Ihrew delegate er.Eon to strength to Adlal Kive him the nomination, has often been mentioned as A prospect for such an appointmenl it Ihe Democrals win. Move lo Kmlorsf Stevenson The AFL plans lo endorse presidential candidate. This morn- ins, n lengthy resolution (o the endorsement to Stevenson was introduced resolutions. The three-page Tinman message reviewed his seven-year adminls- dog contracts.' "Not All Are Truman said "not all Republicans are possessed by a hostility to lAbor" but he aimed a slap it Republican Presidential Candidate Dwight D. Elsenhower, who U scheduled to address the convention tomorrow. "It appears." Truman said, "that (he Republican candidate has now made his peace with the author of the Taft-Hariley law. Apparently, his conduct will not be out of line with the Republican platform, which, In my opinion, is the most anti-labor platform they have submitted to the country in at least 16 years." In Ihe resolution proposing endorsement of Stevenson, the Republican party was pictured as seeking to "crush and destroy the labor movement in America',' and "lo destroy the rights of the American worker." Secretary of Labor Maurice J. Tobin declared thai the Taft • Hartley law means slow death for the labor movement. The law, he said tn a prepared address at the AFL's 7lst annual inlo a committee on I convention, slowed organized labor's membership gains tremendously and has become "a matter of life or death lor Ihe American labor movement." Hts speech was one of three major addresses scheduled during th« day. The other two speakers »lso were administration officials. in regard to labor, and tration said: "We have suffered cerlain losses, bill by and large, we have beaten back the main attacks and we have made rciii progress. I do not know what things will be', like in the , future, bui I am sure that Ihey j will be determined largely by the .. ..*.**,,vl, ^.lllllll-a JVJ. IjO [in OI pnol.U t t\ Newport. Ark., and several friends CSU " ° f the elecli ° n '"is S'ear." Sen. Frank Carlson of Kansas, one of the general's chief advisers, described as "absolutely perfect" Elsenhower's 13 speeches and their reception by dominanlly Republican audiences In Indiana and in the Chicago vicinity of Illinois yesterday. mobile (rip, starting from the were with him when he 12:50 a.m. died Lofion Ark. was born In Paragould, contrast to Stevenson's quips. • Elsenhower Is Serioua Eisenhower was serious. He talked of "bungling" he said led "There is little doubt In my mind that a definite plot was hatched At Ihe close oC Ihe war," he snlti, "lo smash, or nl least cripple our trade union" movement in a period of post-war reaction. "This conspiracy was developed by a little group of politicians, with Ihe 1 representatives lo Ihe Korean War. He blasted nt' ot cllr mos ' reactionary corniptlon in government. He \ employers." In carrying out the plot, Truman said, the Tart-Hartley law was the first step, to be followed by "repeal of most new deal legislation" t*d spoke of Communist Infiltration Into federal offices. He touched on inflation, high taxes and other reputedly burning Issues of the day. Most of his speeches nm about 10 minutes. They averaged about a half dozen applause inlerrupllons. People listened intently as was befitling n man of nationally heroic stature. But the Eisenhower timing was not to be compared with that of Ihe late FranVin I). Roosevelt. The five-star general often smothered applause, gave his listeners little chance to react. Object of Adulation On the other hand, he obviously was the object of adulation by crowds which lined the streets from The general capped his day's his train debarkation point to his campaigning with a 125-mile auto- \ destination. His speeches proved nolhtng ts- entially new except the Eisenhow- counter-allncJi on -«iha^ he ermed Stevenson's "amusing" rcAtment of the pertinent issues. Elsenhower said there was nothing unny about Korea, for instance. here are 15 million or more independents and the spread between he parties for normal votes Is somewhat less than that, the Independents would decide it." Another point has come into the 'orefront of the discussions in Springfield. In Stevenson's camp, It is recalled that, In the pre-convention struggle between Taft and Eisenhower, the general's supporters argued that Eisenhower could attract he independent vole in the election and that Taft could not. Stevenson's advisers indicate that he will now center his fire on Taft and lis views, arguing that the. Repub- lean "Old Guard" Is dictating Eisenhower's position. In an effort o draw off the non-party voters who, presumably, were prepared o follow the general. They are making a strong point iere, as well, over the fact that Taft came to the meeting with Eisenhower bringing a prepared statement. Stevenson said yesterday, "Taft says he prepared his statement be: ore he saw the general. This must be the first time that the vanquished dictated peace terms to Ihe victor." While Stevenson Is watching de- i Moses May Step Down .•elopments in the opposition camp, :here is speculation here on his PINE BLUFF fiF) — C. Hamilton position wilh respect lo some I>'.:n- Moses was expected to slep down Ilt_ South Side of Chicago and taking in Jollet. Wheaton, Aurora anct Ot tawa, III. Crowds Are Friendly He got friendly, cheering crowds In this territory, part of which Is border-line between Democratic and Republican control, that were larger than this correspondent has seen for any presidential candidate in a comparable area. At Aurora, for inslance, Police Sgt. Casper Neiser said the crowd he estimated at 45,000 persons was the largest he ever had seen assembled in the city in 27 years of service In the police department. It'was about the same size crowd which hs,d greeted the Republican nominee al South Bend, Ind., where the CIO Is strong, at a mid-day meeting In the County Courthouse square. Tho Republican nominee had his biggest show of the day in South Bend. He charmed an audience of about 2,500 persons at the University of Notre Dame by addressing all of his remarks to incoming freshmen. Then he delourcd to as. it should be—unless there is some way for people lo pay for it." shake hands with Frank Leahy, Notre Dame's famed football coach. If Eisenhower was good in these intimate, off-the-cuff contracts wilh large and small gathering.-, he was something less than what some Republicans regarded as adequate in bis impromptu speeches al others of the 13 whistle stop appearances. His main mission for the day. according to Summerfield, was lo sound a serious note that would senior" Vice President R/ibert Es- tcs Ritchie to succeed him. ocratic senators who are up for election. • HEATRE OSCEOLA YOUR FRIENDLY THEATRE AIR-CONDITIONED TUESDAY, SEPT. 16 "Flying Blind" Richard Arlen Jean Parker WED - THURS 'ABOUT FACE' Gordon McKay Eddie Bracken today a.s president of Ihe Arkansas Power and Light Company, wilh the Board of Directors naming RITZ THEATRE Manila, Ark. TUESDAY "RED MOUNTAIN' Alan Ladd Eli*«be<h Scott WED -THURS "THE HIGHWAYMAN" Phillip Friend A Wands Hendrix NEW Air Conditioned By Refrigeration "Your Communily Center" MANILA, ARK. Matinees Sat. & Sun. Phone 58 TUESDAY ,<; "RIVER GANG" Gloria Jean & John Qualin WED -THURS "DAVID & BATHSHEBA" Gregory Peck Susan Hayward AP&L Dedication Today PINE BLUFF W)— The Arkansas Power and Light Company will dedicate its new S2 million genera! office building here today. fdwhatYou Like Without Sour Stomach TW» ro« rm mum MOX Phone 4621 — Show Starts Weekdays 7:00 — Sat.-Sun. 1:00 Always a Double Feature TUES.-WED — Double Feature GHLLRNT THOROUGHBRED Plus Long Comedy . ^-.,, Flavor lells-you Its fblgers f NoOfhefCoffeaCanMafchfH Recognize Folger's flavor? Of course you do ... in the perfection'of every steaming cup of this finer coffee. No oilier coffee can he so instanlly and pleasantly identified by its flavor—and flavor alone—as Folgcr's. Folger's is a very special kind of coffee, distinct as it is delicious. Rare Mountain Crown coffees are blended to create this delightful vigorous flavor with its keen and winey lang. Yon can't mistake this famous flavor and no other coffee can match it. The flavor tells you it's Folger's ... and the flavor tells you it's the coffee for you. MOUNTAIN GROWN Taste and Td! USH Wtet' Itll Hie fttetmal So extra rich in flavor you are urged to TRY USING 'A LESS than with kuer fovcved brand* ju.&c&a3tt

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