The Courier News from Blytheville, Arkansas on November 26, 1952 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Wednesday, November 26, 1952
Page 5
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WEDNESDAY, NOV. W, Fabulous Oil Lease Business Detailed in Federal Probe By ARTHUR F.DSON WASHINGTON l*-An oil lease buyer has told the Security and Exchange Commission that within a seventh-month period he made almost t million dollars on a thou- sand-dollry Investment — and that he has prospects of malting plenty more. The story came out In a prospectus filed with the commission yesterday by Canadian Prospects, > Ltd., of Calgary, Alia., which wants to sell 303,595 common shares In this country. "The shares are speculative securities," the prospectus says. It then tells why, In 30 figure-filled pages. The company says It was founded in May, 1650, by Wilbur L. Griffith. He still is its president. The prospectus says he formerly was to (he oil brokerage business in Mt.Vernon, III., and that In 1950 he opened a similar business in Denver. • . ' Al the time the company was founded, the commission was tolri, It had 1,000 shares, valued, at $1 each. Griffith and his sister Mildred owned 866 of them. The company specialized in buying; and selling oil leases, and apparently business was good. On Jan. 31, 1951. the company came up with 315.000 shares, at no par value. Griffith sold 85.000 of these to New York underwriters tt.Slfl a share, or for $950,000. Shortly afterwards, the stock was split three ways. But still, the prospectus, said, "common shares have been traded at a range of 6 low and 7% high." As near as can be told from the prospectus, Griffith still has , around a half million shares in Cfhis company that started out as - v »" thousand-dollar investment. If that's true, and the stock is selling for $6, he has around three million dollars of stock left. And what are the assets? The prospectus says the company now holds leases on almost five million. acres of land scattered (rom North and^ South Dakota on through * Western Canada. The prospectus, which candidly Lower Tariffs Get Backing LONDON (IP) — 'American businessmen "In Britain have .lined up with those who believe lowering of U. S. tariffs would help solve many of the free world's economic ills. They alscrurge President-elect El- senhower to relax D. S. unti-.tnist laws. These were two, of the proposals aimed - at -restoring ' a balance between^ Britain's, sterling currency and American dollars contained in a booklet published yesterday by U. S. members of 'the American Chamber; 01 Commerce in London. admits it's all speculative, Is candid about, the oil leases loo. They're all on unproven land, it says. ' The SEC i has three weeks In which to decide whether or not to permit Canadian Prospects, Ltd., to.peddle its stock. ' State Department Budget Trimmed By $1,426, 718 LITTLE ROCK I* _ Executive Director Herrn Northcutt reported yesterdny that the Arkansas Legislative Council had trimmed state department budget request* by 11 426,718 so far. Thirty requests have been acted upon by th« Council, which concurrently Is In recess until Dec. 8. Many of the proposed budgets were trimmed-In accordance with a fiscal plan submitted by Gov.- elect Francis Cherry's-office. The Legislative Council has In creased only one request. The Oil nnd Gas Commission asked $91,140 a year... A budget of 192,440 was approved by the Council. Bride, 72, Faints In Arms of Groom WYMESWOLD, Engl.nd Ifl - A blushing bride fainted Into her bridegroom's arms here yesterday as he placed the ring on her finger 1 "I'm quite all right now," said' widow Kate Morris • few minutes later to her intended, widower Frederick Shipley. There .was a 15-mimite delay and the wedding 'went on as scheduled. "II was the excitement." said son Albert Morris, .who gave his mother away. The bride I* 7J, her new husband 81. J3LYTHEVILLE (AUK.) COUIUEK NEWS 'Other Woman' Is Root of Evil LONDON HI.— A court official says that the other woman was the root of the evil in 42 of 100 divorce cases he studied in an analysis of marriage failures.' B. A. J. Chislett, clerk lo the Wallington, Surrey, Justices, told of the 100 cases, which he termed typical,- showed the following percentage of .causes: - '. '.' Another woman, 42 per oent' incompatibility, 36 per cent; money troubles,-5 per cent;-sex troubles, 3 per cent; excessive drinking, 3 per cent; gambling, 1. per cent; nagging wives,*' 1 per 'cent; unknown causes, 8 per cent. Read courier News classified Ads. Wa« D h D -1 E ? U T IT ALL?-Carolyn Wood, of Boston, Mass., says she u the "eatlngest girl in tht world." Only flv« ttti. .ix inche, tail, and weighing 125 pounds, the Jl-year-old daruS recentlj. put away the equivalent of seven full meals in less than two houri, to prove her point Among other ltem t Included in tht gargantuan feast were: two filet mignon., four sirloin .teaks a .turKey dinner, and mounds of vegetable!, all topped oft with •"?"™. d ™ en «' lhre * cups of cone* and U rolls. Following a childhood illness, Carolyn laid thai «h« decided to eat her wa? back to health, and never feels any 111 .fleet, from her occaiional huge meal*. GEM THEATER "Osceofa'i Knest" LAST TIMES TONITE MIGHTIEST OF MOTION PICTURES! * m n« MI ustn -imno mw ^ -------- ---------- 9WOU1'B«6l-! M"l l* Wil h lift I >M h-fc-l rl > ».„.« i 1,^, hi tow 1 1,;, b. - 25c — Adulh 75e PAGE FIVE Irked by Continuous Crying Young Baby Sitter Chokes Child to Death GIVING THEIR LIFE BLOOD-The Anton .Serglund family.^and relatives ol Wateriown Minn ""n nffo VTf M e V^'l bIO ° rd f ° r lhe 8fmed forces ' S ' noe W °" d «•••' "• hey have don "ed BBroinnrt i? ?? n°°?- b 2 n ^« ,f rom lcfl> w(th number o( " lnls °< blM<l dotted, are: Anton Bed, 13; Mrs, Berglund, 15; her three sislerS Sylvia Ullemo. 10: Amando Ullemo. 12: HOWLING GOOD TIME'FOR ALL — Two set* of triplet, produced these facial expressions In Cleveland, O., during a party celebrating their first birthday.'Sunday. The 'tots.jre, left to right: John- .^*~—o-j,.;,^. -j, ff-^. ,^4 '^»_T'-^fc_ Siw*, * ffV *V& ny, Jimmy and JacklE stlnehour of Mansfield, O,; Barbara, Louis and AJilta Latona of Cleveland. AP Wlrephofd) Pugnacious Pekingese Gets Perky, Ends Up Second Best in Ensuing Fight RHYL, Wales M.— A perky Pekingese that should have stood in bed ran.Into an Alsatian while out walking with his mistress, 14-year- old Ceri Price. A battle ensued in which the .Peke came out second best. : Young Miss Price went to court charging Ihe/owner of the Alsatian with (allure to keep i dangerous dog under control. The defense .produced as an expert witness a veterinary surgeon who testified It was possible that the Peke snapped at the Alsatian. •"We don't know what happened," the vet said, "but even if the Alsatian was under control, he would turn on another dog which called him names." Alsatians Just can't lake being insulted, especially by such small things as Pekes, who are notoriously truculent and have no Idea of their own size, the witness said "In fact, Pekes think they are the biggfest dogs out." The court dismissed the case, which by yesterday didn't matter a snap to the Peke. The little one was so badly damaged in the argument Jie had to be destroyed. TJ. 8. railroads transported 8,500,000 carloads of coal \n 1051. history that women Viad outnumbered men in the nation. TIRED FROM BEATING BATTERS P---TRY WONDER MIXING HuMKo »•:*. ITS ALCVEGETABLE Gel' fesf Selection How,,, PAY NEXT YEAR 'FITZPATRICK JEWELERS 122 W. Main Phone 272S "H Takes Only 3 Minutes To Open a Charge Account 1 RITZ THEATRE Manila, Ark. SEATTLE lift— A high school girl » r ho said she lost her temper when > baby she was tending wouldn't stop crying told officers she choked a 4-month-old boy to death with i cloth last night. The girl, Kllen Noreen Kern, 15, *•»« carlnr /or Garry Payne, son if her next, door neighbor who had ;one to the grocery store. Garry started crying soon after the Paynes left the house. «he said In a .utement to Detective.? c. F. Klrschner and R, w. Waitt. The detective, jatd sh« told them; "I took him Into the bedroom nnd laid him on the bed. He was still crying; h« wouldn't be quiet. I looked him over and everything but he. wouldn't be quiet. "I then lost my temper and grabbed a striped cloth, similar to the pajamas on the bed, I had such a headache, and to keep him quiet I pushed with my lingers and shoved the rug down hit throat, . "He shut up »l| pf * «udden and Just gurgled. He wan so still and dldn t say anything or cry. It had seemed like ages that the rag was In his throat before he quit crying When he quit crying I milled the rap out." Then «h« summoned her mother. The girl li held by police as "delinquent.." Weother Delay Eden and Party NEW YORK W-A Stralocrus- er carrying British Foreign Secretary Anthony Eden and Australian Prime Minister Robert G. Menzles' to (London was tcheduled to leave Gander, Newfoundland, at 8 a.m., EST, today after.being forced back there by engine trouble, a British Overseas Airways spokesman re- porwd. The BOAO plane from New York turned buck last night after an oil leak developed over the Atlantic. Sin! But Now I Grin ...... 71,000 cllnle pilknU, 0«t T1i*mto Minor—[H ointment or •upttocttori' torn DUrover bleieed relief at once— or joa mnner >»ck. A»k for 11 W name— TWr I** Minor—«t ' dm* •tor** tvtryvbti NEW Air Conditioned By Refrigeration "Your Community Center* MANILA, ARK. Matinees Sat. & Sun. Phone 58 , • WED •THURS •; "WHAT PRICE GLORY" Dan Dailey— Covlnn* Carrel FRIDAY 'Dork Command" :. John Wagner SATURDAY 'Savage Horde'' Wild Bill Elliott ; ~,WED - THURS "I'll See You In My Dreams" Doris Day - Danny Thomas Frank Lovejoy— •' . Patrice Wymore FRIDAY 'RED CANYON" Color by Technicolor Ann Blyth - Howard Duff SATURDAY 'Canyon Ambush' Johnny Mack Brown MOX Show Starts Weekdays. 7:00 Sat. Sun 1:00 Always a Double Feature LAST TIMES TONITE Double Feature Also Cartoon THURS-FRI Double Feature * - * r . , n» TTCIMCOLM — Pius — Also 2 Cartoons AFTER-THANKSGIVING SALE ALL COATS & SUITS OFF Due to the Unusually Warm Season We Are Overstocked! Mangone Lo Bo I bo Kay McDowell Carlone Kingfon Hall Klingrite Harry Williams Henry Rosenfeld SALE STARTS FRIDAY, NOV. 28 ONE SPECIAL GROUP BETTER DRESSES Street and Cocktail Closeout PRICE It's Whitsitt's 'Because You Like Smart Things'

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