The Courier News from Blytheville, Arkansas on November 7, 1950 · Page 12
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The Courier News from Blytheville, Arkansas · Page 12

Blytheville, Arkansas
Issue Date:
Tuesday, November 7, 1950
Page 12
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PAGE TWELVE Price Rises Brought On by War May Mean Inflation Flare-Up jj^l mi^> Hkt, utKft..) ^UUlUlMt l\fckVS By RADKR WIXOF.T (For S»m I)aw«on] NEW YORK, Nov. 7. (£)— Commodity prices soaring with the sprend of Hie Korean War focus attention on the belief of some that a dangerous flnre-up In Inflation is more likely now than nt any time since the end of World War II. But the machinery and the will to control such severe economic distress are at peak strength. The government has a complete list of anti-inflation weapons, and today's elections clear the way for their unrestricted use without fear (hat the cry of "politics" will be raised. Inflation Deceptive Inflation is sometime* so deceptive that it escapes attention until it damages some part of tlie national economy. And history shows that inflation always has persuasive advocates. Inflation in its simplest, form Is abnormally high prices for goods and services. Almost everyone wants a high price for his own merchandise or the service he sells. The danger comes when prices VOTING skyrocket in response to possible shortages or as the result of panic buying or hoarding. Then money loses its value In the eyes of the people and there is a stampede to unload money for goods before money itself becomes worthless. Every O.I. overseas remembers when at some time or other his money was worthless in trading with local people, but Ills cigarette-. and chocolate were as good as gold in the market place. Several Deflation Starts Since the- end of World War I there have been several starts to ward deflation with prices turning downward. But in every case the; have headed up again in the familiar inflationary manner. The latest see-saw In the inflation-deflation tug of war came with Imposition of credit controls on installment buying and housing There were loud outcries from many that buying was throttled. Governor M. 8. Stymczak of the Federal Reserve Board said: "That Is exactly what these regulations should do if they are to accomplish their purpose." He made the statement at tng. a Chicago bankers' meet- But at the same time Szymczak •aid regulatory . measures so far taken by the board have not broken the momentum of inflation Fom the tone of the speech some observers conclude .that the Federal Reserve Trill tighten credit sti further in order to head off direct ceilings on wages and prices, which the board dislikes. The T. w. Dodge Corp. today takes a look at the future through the opinion of 108 economists. The majority anticipate a moderate lucre as« In the cost of living in the first half of 1961. And the labor publication "C.T.O. Economic Outlook" predicts the cost of living next spring will reach the highest point since the last war. ELECTION (Continued from page 1) gression in Korea Is evidence that the free nations will-not let Communism swallow up free peoples one by one." Earlier In a luncheon' talk the President promised that the United States "never again will run out on its responsibility for preservation of world peace." -The OOP's chance of regaining control in today's voting appeared to hinge on the outcome cf close races in California. Colorado, Connecticut, Idaho, Illinois. Indiana, Iowa, Missouri, New York Ohio Pennsylvania and Utah. 14 Senate Seats Involved Fourteen Senate seats arc involved In voting in these states, eight of them now held by Democrats and six by Republicans. A clean sweep would give the GOP one more than it needs for control of the Senate Conttnuea rrom page 1, the public school finance proposal running a close second. These issues provided considerable competition for the county hospital Issue In drawing vote interest. Oilier issues included proposed Initiated Act. No. 1, the statewide stock law, and Amendment. No. 44, Die four-rear term proposal. Three city races for alderniBiiic posts also were to be decided today. Jesse M. White opposed Incumbent Harry Taylor in Ward One, Dan Blodgett opposed incumbent nupcrt Crafton in Ward Three, and C.S. Baggctt and Charles Lipford opposed J. Wilson Henry in Ward Pour. Unopposed In their races (or reelection were Second ward Alderman J. L. Nabers, cltv Clerk W. I. Malm and City Attorney Percy Wright. By noon, the breakdown of morning voting showed the following: Ward One—Scay Motor Co 125' City Hall, 242. Ward Two—Goff Hotel, 171 • Phillips Motor Co. ra. Ward Three—No. 2 Fire Station 131. Ward Four—Moore Bros. Store, 46. Township Box—Court House, 28. There were only two races on the Osccola municipal election ballot. E. Spencer Driver, appointed the first municipal Judge, was seeking his first elected term and was opposed by W. W. Prewitt. In Osceola's First Ward, c. D. Ayrcs and D. S. Laney were seeking re-election and James Hyatt was running for his first term. Two aldermen were to be elected from each of Osceola's three wards. in Ward Three Tim Bowles and Carroll Watson wer> seeking reelection while E. E. Prewitt and A. W. young were candidates in Ward Two. Mr. Young Is seeking re-election. Other candidates In Osceola Included c. H. Bryant, for re-election as city clerk; Mitchell Moore for city attorney; Cliff c. Cannon, for re-election as constable; and W. p. Hole, C. O. Alexander, R. I. Greene and George W. Raines, for re-election as justices of the peace. The following ballots had been cast by noon today In OsceolH: Ward One—Drainage District No. » of lice, 89. Ward Two—OBceoli Lumber Co 87. Ward Three—Circuit clerk's office, Court Home. 148. Township Box—County cleric's office, Court, House, 14. Meanwhile, voting throughout Arkansas, usually little more than formality, was reported heavy today despite rain and threati of rain in some sections. Among cities reporting large turnout* at the polls before noon : were Little Rock, North Little Rock, ! Rogers, Jonesboro. Tort Smith, Tex- arkan.a, Paragollld and Fnyetteville. Not a single point reported a light vote, but there was no word from" rural areas. With some others, the same states could provide the necessary gain in House scats for GOP control of that bcdy. The Republicans apparently had only secondary hopes of picking up Democratic seats in such states as Kentucky, Maryland, Oklahoma and Washington. Democrats continued to claim that they not only will turn back the Republicans; but will improve their strength in the Senate, where they now outnumber Hie GOP 54 to 42 and in the House, where the count is 250 Democrats to IS9 Republicans one Amcrici.n-Labor and six vacancies, divided evenly among Re- >ublicans and Democrats when last filled. The Democrats concentrated on attempts to knock off Republican Senators in Colorado, Idaho, Indiana, Iowa, Missouri and Ohio. YELLOWSTONE has the true old-time Kentucky Sour-mash Bourbon flavor —rich but not heavy. loo PROOF lomio IN IONO PISTOL^ * NO iOrmojtYjr EUO WHO ME. ,NC.. lOUiSVUU, KCNTUCIU SHEET METAL WORK• OF ALL KINDS " - fnr "•*"*; a'falfs mil!*, mi trriiis. Custom !/! ' ' -!"!i thickness. Hrank Simmons Tin Shoo 117 South Broadway Phone 2651 NATIONAL STOCKYARDS 111 •fOV. 7. (,P>— IUSDA)—Hogs 9500; 15 o 25 higher than preceding day's average; most sales 170-210 Ibs 19 l"o- 25; practical top 19.25; few 170-180 OS 19.50; bulk 220-280 Ibs 10.00.0; occasional sales 18.90- most HOBO Ibs 17.15-18.75; sows 400 Ibs down largely 17.50-18.50; heavier sows mainly 16.50-17.50; stags 1250-1500 Cattle 4000; calves 1200; few loads' medium to high good steers 260031.00; load high good and low choice teers 31.60; good heifers nnd mixed Obituaries John L. Cook Dies In Little Rock Services for John L. Cook. 31. of ille, who died In a Little spital, will be conducted to- at 3 p.m. at tile New Liber- ptist Church with (lie He\ Duffer officiating. Burial In the Dogwood nidge ceme s Blythevill hos w ll Rock morro- ty Ba Russel. will be tery. Sur Ida Jesse Eupor phis, of B Crow- B. L. and City, S'x in cl ivors Include his wife, Mrs Cook of Blytheville; six sons O. of Cotulla, Tex. Leslie of a. Miss., J. O. of West Mem- W. B. of Vance, Miss, I L y Town, Tex., and E. D. of cr. Miss., and two sisters Mrs Batchelor of Sikeslon Mo Mrs. S. L. McNair of Bragg ift Funeral Home of Osccola Is harge. Art Conducted For Luxor a Woman Services for Mrs, William Sharp. 65, were conducted at the First Baptist Church of Luxora yesterday with the Rev. A. B. Hill, pastor, officiating. Mrs. Sharp died Saturday night In a Memphis hospital. Burial was In Calhoun Cemetery. Survivors include her husband; a son. Glenn, both of Luxora; and one grandchild. Swift Funeral Home of Osceola was in charge. TUi!/6UAi.', N'OVKMHKK 7, 1954) Livestock— AWARDED 'SILVER BEAVER'- Earl Hudgens (right) of Carutli- crsvllle last night was awarded one ot the Boy Scouts' highest awards at the annual meeting of the Southeast Missouri Council of the Boy Scouu of America hold in cape Glrarrieau. Making the presentation of the Silver Beaver award Is K. W. Blomcycr of Bloomfield Mo WAR (Continued from page 1) speculated the Chinese either were regrouping for a large-scale attack or were deploying new lines. In the latter event, officers said it was possible the Chinese only Intended to hold n buffer area guarding the Yalu River hydro-electric power grid, vital to Manchurian industry. Air FtRhl Described The air fight, over the northwest corner of Korea began in mid-afternoon, the Fifth Air Force said. yearlings 29.2i-30.00: nine head hi»h good heifers 31.00; most medium heifers and mixed yearlings 24.50-2875- common and medium beef cows 19.50-21.75; canners and cutters largely 15.50-19.00; few to 19.50. Ninety-five minutes later propellor- driven U.S. F-51 Mustangs and swift Red Jets were snarling at each other like angry hornets U.S. F-80 jet fighters were ordered jnto the fray which started over the Simiiju area of North Korea across the Yalu River from 1 Manchuria. The Mustangs claimed hits on three of the Red jets which fled into Manchuria. Four Russian-built jets were In the first attacking wave. They were described as MIG-15S. a late Russian model with sweptback wings and reported speed around 670 miles per hour. The American jets operating In Korea. Lockheed F-80 shooting Stars, are slower. Japan's location on the rim of a sharp drop miles into the sea and its mountainous structure make it subject to earthquakes. Phone Now for Immediate Delivery of New PHILCO.16-in. TELEVISION SENSATION JUST OUT $ 299 95 * Built-in Aerial System! * "No-Glare" Viewing! * 145 Sq. Inch Picture! * New Super-Power for Fringe Areas! We hive It now . . . advance 1951 Phl!c» model 1605 with the 16" picture lhal'i the sensation of the industry for sharpness, clarity and realism. Come In or Phone. . . see for yourself why it's acclaimed the FINEST PICTURE In TELE\ ISION . . . unequalled anyirhcft. Genuine mahogany renter cabinet. An araai- uit value! Lowest Price Ever for Philco 16-inch Television HUBBARD & SON Phone 4409 FURNITURE Bly l h r ille 1 " 1 , 11 W ' I ' 1 -'I tq M I ' - I '. "J J 1' I \ { M H > v r ^ i • ' • < * J • • -• •-* |i t K i * . ? 1 t THERE'S JUST NOTHING LIKE IT on the road today. Nothing ,o match mis 1951 powerhouse for top performance, for looks, luxury, an d comfort. There are dozens of new 1951 features-sweeping new styling-big, new rear w-na-ow w,* more than 1,000 square Inches of , a f.,y vWina-rkh new color,, upholstery ond trim. You'll go for the 1951 Mercury _lh. car with Merc-O-Mafic Drive _|he s-m-o-o-l-h-e-r, simpler, more efficient automatic transmission. Theie new features are more importer! than ever to you today. For built-in quality, for low upkeep, for higher resat« value, the 1951 Mercury is nol only the onve of your life"-it's "the buy of your life"! Wh. n y ou my.,, ;„ « „.„ tar today, iff only good busm.n fo g.I rh« n«w«f— rf,, ,95, M»r tury l 3-WAY CHOICS1 -With Mercury for 1951, you have „ „;„,, cho ; c « for ..«,. drpV . e , your life_-new Merc-O-Molic Drive and thrifly fouch-O-Mclic Ovcrdriv. ar» optional at extra cost; and in addition, there's Ihe Silent-Ease synchronized ilandord Irani million. i >i ,' '* f' '..„,' La (A/itrl MERC 0 MfflC STILL & YOUNG MOTOR CO. Walnut at First Str««t

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