The Courier News from Blytheville, Arkansas on January 4, 1950 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

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Blytheville, Arkansas
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Wednesday, January 4, 1950
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Page 3
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WEDNESDAY, JANUARY 4, 1950 Melals Industry Seeking Stability Copper, Lead, Zinc And Aluminum Had Rough Going in 1949 H.v Jack R. Flyan NEW YORK —i/iv- The non- lerrous metals industry weathered a costly slump In 1919 and looks (o the new y<?ar for a ret 1 .:™ to normal peacetime stability. The postwar business adjustments which dislocated many other Industries earlier were slow to hit metals because of the demand carried over from wartime. But when (lie break came last spring, it came hard and Jast. ~ Buyers who had-been scrambling for copper, lead, zinc and alum'.n- um for months found their own fabricated products going becqillB in the business downturn which began instead to work down their inventories. So metal prices plunged. Copper skidded from 23':; ccnts'a pound in mid-Anvil to 16 cents in June. Lead from Its all-time hiRh of 21". rents Parly in March to 12 rents by late May. zinc from 17'i to mid-June's 9 cents -Many Mines Slnit Ilium Many high-cost mines closed as prices sagged. Others cut operations back sharirty. Tirass mihs. wire mills, foundries, smelters furloiighed w-orkers by the thousands. CJovern- mcnt stockpile buying, opposed in some quarters when industrial demand for metals exceeded current supplies, now was eagerly welcomed. Mining men called for government subsidies [o help keep marginal mines going, and a bill to that end passed the Senate but was crowded off the House docket. Consumers reentercd the market by June as their Inventories worked down, and inetals prices edged upward again. Copper was up to its present 18'v cents by early November—and deliveries to customers for that month were the highest since March of 1948 at 118.146 tons 'shipments in July. 45,316 tons). Lead climcd to IS 1 -' cents in August hut, then skidded back (o .the «ecember price of 12 cents a pound ndcr pressure of large foreign- origin supplies, offered here at concession prices after currency devaluation abroad. Zinc got up to IO-.6 cents In September, before the steel strike curtailed consumption for galvanizing, and finished the year at, 9«;. Aluminum managed to hold steady pribewise throughout the yenr (at It'.', cents a pound for Ingots), but the sharp slump in demand In the second quarter permitted suppliers to build up stocks for the first time, since 194G. 1DSO Prospects Slmlioil Here's how trade authorities view the prospects for 1950: Demand for copper should continue at the. present annual consumption rate of UMO.OOO tons for at least the first half of the new year with industrialists predicting continued high activity in the building field and in production of suites, trucks and electrical" goods, said T. E. Veltfort. manager of the Copper it Brass Research Association. ,v The construction Industry alone ^pranking second only to the electrical people in consumption of copper and its alloys—probably will take more than 2SO.OOO.OOO pounds In the form of roofing materials, plumbing, air conditioning and so on in 1950. he said. And Ihc auto- nnkers will probably use about the s?mo amount. Andrew Fletcher, president of SI. Joseph Lead Co.. estimated domestic mine output of le-'ri in "49 at roiigh- lv -100.000 Ions comnToil with 385- f"10 the year before I end recovered f'-om scrap will nnr"i\iinatr 380,000 i-ns against 475.0"!). and import.' fir.m 21 countries will come t<i roughly 400000—a peacetime record —compared with 340,000 the year before. "Some imported lead will he necessary for the country's economy for years to come, as with our tremendous industrial gowth, tile consumption of lead—especially with military stockpiling requirements — might well require over 1,000.000 tons per year In comparison with the pre-war consumption w-hcn only small imports were required." he TO msri.AY M:\V T. I. Sony Motor Company, 121 Eiist Yorkcv scries featuring longer rear KS—The 1950 Chrysler models \v: Main Street, Tiiursday. Shown above tenders, more massive bumpers, new on di.spl.-iy in tlie showrooms ol the is the four-door sedim in the New radiator grille, mid liettcr visibility. Electricians Polled On Strike Settlement EL DORADO. Ark., Jan. 4. (AP) —Union electricians were (o bo polled today on a proposal to .settle a work sl/wpar.e in a .'even county area in South Arkansas. A. O. Holite of Tl IVii-ailn, business ascnt for J.ofi'.I «C, Inicnin- Uonnl Brotherhood of Electrical Workers (AF!,) said members were being asked whether to accept a said. However, lie ranlloiwd that the effect of si'ch Imports on our domestic- miiiinr. industry must be carefully considered, savins "we cannot expect American labor will work underground at less than can be received on the surface, nor accept, a lower standard nf living De- cause of a lack of a makct clue to excessive Imports." Outlook Gin.uny fur .Imic Zinc's em-rent price of S 1 , cents is below the production cost in many U S. mines, and output has dropped more than 30 per cent since May, said Howard I. YomiK. president of American Zinc, Lend <& Smelting Co. "A number of the /hie mines now idle cannot consider resuming operations at a price under 12 cents a pol'ixi," he said. Young estimated consumption .if zinc in the new year would he 750,000 to 775.000 tons—barring some sharp economic adjustment or major strike—compared with about 700.000 for 13.19. This domestic consumption, phis the anticipated export demand and government stockpiling tonnage, would just about match the total year's expected production, he said. Donald II White, secretary of the aluminum association, estimated I94S shipments of aluminum shicl." plate and .strip by member companies (accounting for 85 per cent, n! U.S. production! might exceed 800.000,000 pounds, compared with around 1.250,000.000 In 1948. The drop mostly reflects the aecoiri- quartcr slump, but (he aluminum industry is finishing the year with demand and production again at a hifih level. Use of the light metal in all types of construction hut particularly in commercial buildincs is on the increase. White said, other large users are makers of transportation equipment, cooking utensils, industrial machines and electric cable. State's Income Exceeds Outgo for First Six Months of Fiscal Year LITTLE ROCK. Ark.. Jan. 4. </Pi —The state collected more than it spent during the first six months of th's fiscal year. From July 1 to Dee. 31. $72,208,117 was taken in: S71.018.809 was spent. Stale Treasurer J. Vance Clayton said however, that by cxcludins the iS7.ono.000 rcccifcd from the sale of highway construction bonds, expenses for the six months period exceeded income by about $5,800,000. Ultimatum Is Issued In Tulsa Bus Strike TULSA. Okla.. Jan. 4. (/Pi—The management ot Tiilsa's strikebound Irami oitation system faced an rttl- matum from Mayor Roy Lundy today. A vote by drivers this moral!'.!! on tentative terms of settlement readied last nlpht may preclude the mayor's action, however. Either have buses running again by noon or face court action, was his order. Mayor Lundy claims the company has failed to abide by its franchise. He threatens a mandamus suit in district court, to compel service. The tieup has forced 60,000 bus patrons into cabs, jitneys and private automobiles- all slowed by icy streels. Industrial Development Shows Big Gain in State FAYETTKV1I,LE. Ark.. Jim. 4 _ <'Vi—A utility official said yesier- day that Arkansas' industrial development lias been so fast that it is om-stripping most of ihe other Mates in u, OS e factors by which economic development Is measured. These factors, explained w. M, Shepherd, vice president of the Arkansas Power und Light Co., include adequacy of electric power, imlural R.-is and coal and the reasonableness of their rates. In the past six years. Shepherd said. Hie state has added 2.000 nev Industrie's with a total capital investment of SlSO.OOO.dOO, created So.OOO new jobs and raised payrolls 5175.000,001) yearly. "Our inamilac- tiirini; output has Rone from SliOO - OOU.QOO in iai(i to nearly S 1.01)0 00IJ 000 I" 1049." he said. Shepherd sjujte at a lecture series sponsored by the commerce guilt! of the University of Arkansas College of Uusines.s Administration. BU'TIIEVILLE (ARK.) COUUIEK NKWS CCC May Get Two Billions For Crop Loan WASHINGTON, Jan. 4-M'i-The administration is Roini; to ask a $J.000,000.000 increase in the Commodity Credit Corporation's Iciul- hiK power to assure funds for I-LMIIR costs of farm price supports in 1350. Chairman Spenco (D-Ky) of (he House Ranking Committee has announced he will offer legislation to that effect. The bill would raise Ihe COO's loaning power from $4,750.0011.001) lo $(i.750,000,00. The CCC is I hi; agnecy that underwrites the farm price supports. In a statement. Spence said the CCC. has Adequate resources to cover 1948 and 1919 crop uerd.i bill will not have '•.sufficient funds lo assure il, ability to lurel Its price support obligations under Ihc! law on the 1950 crops," unless Ihe loaning authority i s expanded. Spence's statement, emphasised I that increasing the loaning authority "dries not mean that I lie 'corporation will spend S^.OOO.OOO.OIIO," but will use the money as loans with stored commodities as security. PAGE THREE Department Spends '$1,097,076' for New Equipment I.ITTI.K UOCK. J a II. •)<,!>, . Aikans us lliBliniiy Urpartinom v<-m $i.an7,076 for new equipment during i ins). Mure than <in:< pieces of <>i|uip. nicm ui-rf purchased. Itriiaiis on ^^ : ij.i fjuH'es or CQiiipninil cri.st Tiic^c fi^iiLPs were rotiianird In 11 !-f|)uii filed at the governor's "Uiio .vi-.simlny. Tllf icjxirt .said that Arliaiu.is "Mi-t .'iH'nrl $!),U(IO.(I(IO per v.ir on 'K-'-v v-vli^rni'tlcill "froai imw nn if il i^ id iitild Us own :i!vun^l do l>H',;aUuii nntl obsolescence'." With the Courts f.'hanccry Fay Jordan vs. Deliuar Vincent Jordan, suit for divorce. Mother Is Charged With Slaying Her Son MOBILE. Ala., Jan. 4. ffl'i -A 35- | year-old mother today was charged with murder in the shotgun slaying of her 14-year-old son. i Detective Capt. Talley Rollings ' said Mrs. Lexis Edwardson last night signed a written statement admitting she fired at the 70-pnnnd newspaper carrier during a quarrel , the night after Christmas. ; She was held without bond. The boy. Chester I.amar Tullous. was found the morning of Dec. 27 The detective quoted her statement as saying she and Chester quarreled after they returned from a picture show. : High Court to Hear Appeal hy Communists NEW YORK. Jan. 4. MV-Ttic U. S. Cm-nit Court of Appeals yes- icrday nureed 1o hear next June tne appeals uf !l communist Party leaders convicted of conspiracy to teach forcible overthrow of ' the U. S. government. The court scheduled the hearing for eithn- the week of June 5 or June 12 after denying a deOns I motion which would have delayed tile proceedings until next tail. THE PROOF OF ITS GOODNESS > APE ITS THOUSArJDS ,OF REGULAR USERS/ W- Marriage Licenses '1 lie following couples hai-e nh- laiued imirriauo licenses at the ol- (l<r of Miss Kli/.alietll lilythc, coiln- ty rink: William Murray of Hprini:!:eUi 111. ami Mi>s Colella Wooden 01 East Ki. I., nils, Hid. Kdvvurd K. Neldhart of St. Louis. Mo., and Miss Opal May Ward <i[ FernUMin, Mo. Andrew K HanauU and Mi.^s Maxim- Kinley, lioth of Ulytiic- ville. Thomas Matt.son Jolly and Mlw. Shirley C'lbh. hoth of lllytlicville. f-lying Professor Really Gets Around CHAMPAIGN, 111. (,1'j .-- K-,,1 Strong, director of the llnsine.ss Management Service of the l/nivi-r- •"-ity of Illinois, oiteii has hn-akfast at his home here, lunch In Chicago and dinner in Kprinrlield, the slate capilol. He is home auiiln i n time for a midnight snack. He uses one o| (lie univi i :.!tv's Heel of [U airplanes to gc-t. 'in Mieakmi; aiJlioinlinents mi .-•chcdnle. Men in the University's Inslitiilc rjf Aviation believe that without the an- service it would require thiee equally qualified im-n to do ihe same jol>. Attlcc Has Birthday LONDON, J;,,,. -I. MV-1'iime Mln. later Cltrnu-nt Altta; was «7 years old ycst<Td»y. His rleputy. Herbert Hornsiin. was ic. The anniversaries iwdvcd littlp aitoittmn In the m am| ly coi^r'1-Viitiu: iiritish press. ewtare From Common C@!ds That mm m Cfcormihion relieve* [>roiii|>ilylii-caine II K"" riglu 10 tin- «-.u ol [he mnilile r» liclp loosen anil i-xpcl (jtrin ladiu rlilrijm .mil anl u-Jtuie «, sooihi.- .in,I heal r.nv, tender, infljmcil limnthtaj rmiimniiumr.rfliiM.Ti.-ll ynurdrimgJM in >cll \ou .1 bnulr n ( Crcormilsion «'iili tin; iiinlirMandmi; 1011 must 111 e die waj- il ([uiikly oll.ip ihe nxij-li •>r von are n> Imc your money lurk. •rCrjurjtis.Gicsr Colds, Cionchif is US All VEGETABLE .... ------ rTimnii For Expert LAUNDRY & DRY CLEANING 12'b ccnt.s an hour waf-e Increase. The union has asked for a pay- boost of 25 cents to $2,25 per hour. For Unexcelled Quality WOOD WORK MACHINE WORK We jn-omi.se complete salfsraeliim wilh any job assigned us. . .ho it large or small. Whether it's machine work or welding, miilwork, niiildinj; or repairing cahinets, repairing or ciLslnm-biiildiiiK furniture we guarantee you hifi-h tiuality work. Try us. Barksdaie Mfg. Co. South Broadway Phone 2911 OSCEOLA, JANUARY CLEARANCE STARTS THURSDAY, 8:30 A.M. FACTORY CANCELLATIONS in NATIONALLY ADVERTISED CASUALS, and low, medium and high heel NOVELTY SHOES—also one large group of LOAFERS. . '. ALL SIZES ... BUT NOT IN EVERY STYLE. 20% Off on Busier Brown Children's Shoes ZELLNER'S SHOE STORE WesfHaleSt. Osceola, Ark. 1 ~""-~-" ] —r-MTn flY'ii year factory guarantee) \VilIi I ho world famous Slnilniconii — It hikes the guesKwui'k out of tttn ICvury job ali.solufcly guar-i' :tn(ccd hy a linnding coni- Music Instruments ..And su|i]ilk'S of all kind li'iim Kuilin- picks to bass vinlins. We niiikc records of your vnico iiml nnisic on permanent Everything in Music Music Store of FascJiiuvhig by G^E SCIEMTISTS famous General Electric "House of Magic" is a science show bnsct! ujxm a few of the many useful things scientists in the General Electric Research Lnlxj- ratory have discovered atvl developed for the benefit, of all of us, and mnkcs it possible for you to actually sec sonic of these amazing discoveries. The "House of Magic" presentation ins (.hulled millions of people of all a^es. You will be fascinated by demonstrations such as exploding paper a man shaking hands with his own shadow— liEltling an electric lamp with a match— the electronic burglar alarm -a train that obeys spoken commands — seeing light. - and many other remarkable discoveries. The story behind the "House of Magic" goes back nearly half a century to 1900, when G.E. founded its first Research Labo- ratory in a barn in the rear of the home of the late Charks P. Stdnnieu, famous clertricjil wizard. From this humble beginning, the General Electric He-search Laboratory lias grown to become one of the foremost industrial research laboratories in the worM, and discoveries m.-nle by its scientists IKIVC helped raise the sUm-.lajd of livir.j; for people evuy-Ahuc. TONIGHT-7:30 P.M. lytheville High School Auditorium -Ark-Mo Power Co.-

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