The Courier News from Blytheville, Arkansas on December 10, 1966 · Page 7
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The Courier News from Blytheville, Arkansas · Page 7

Blytheville, Arkansas
Issue Date:
Saturday, December 10, 1966
Page 7
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Ryftwffli (ML} ftwricr Nawi - Baturfiy, Becrait* V, HN Store counters again are awash with Christmas cards, in a wider than ever variety of styles and designs for a bigger than ever market. Americans this year are expected to buy some 3.5 billion cards, 400 million more than last year. The themes range from the quietly stylized Adoration of the Magi, right, by American Artists Group to ... fie kooky Santa, by American Greetings for its popular Highbrow series. Realism is heightened by the photographic effect of "Boy and Shadows," center right, also by American Artists Group. The traditional religious treatment, represented by Hallmark's glittering Madonna and Child, far right, is experiencing an upsurge m popularity. Religious cards are expected to account far on* out of every six sold this tear. $250 Million Not Enough Homebuilders Not with Outlook Happy By AL SCHAY Associated Press Writer '. : .A marketing and information .firm issued hard, cold statistics this week to confirm what Arkansas homebuilders have known from some time—house construction is at a low ebb. 71And, an emergency government measure intended to give the sagging homebuilduig industry a shot in the arm won't be much more than a drop in .'the bucket, builders said in response to a poll by The Associated Press. The F. W. Dodge Co., a that building had been at a standstill for the past six months -"and it doesn't look good for the next six monttis" in the immediate Newport area. He said his firm had been doing a lot of remodeling work, however, and Ivy said his company had all the work it could do. CONWAY-A Conway builder said release of the $250 million was a move in the right direction, but it is scattered so thin iWOu]d have to put up he really didn't know where he per cent fee to hold the division of McGraw-Hill Inc., reported Tuesday that October contracts for future residential construction were down 45 per cent from October of 1965. For tiie first 10 m onths of 1966, the residential contracts were down 16 per cent. (Even though the residential contracts were down, all contracts for future construction in the state were up 24 per cent from last October, due mainly to an increase of more than 100 per cent in the nonresidential category. Dodge includes in its residential classification all houses, apartments, motels, dormitories and other buildings designed primarily for shelter.) Builders say the decline in housebuilding is traceable to tight money — or a scarcity of money available for home loans. Because loan money is scarce, builders have to p ay more to get it, either in discounts or interest. The more a builder pays, the less profit lie can make. Since the problem is national, President Johnson authorized the release last million of the thorized by Congress this year to buy mortgages insured by the Federal Housing Adminis. tration and the Veterans Administration. The funds will permit construction of about 15,000 homes costing $15,000 to $17,500 in the continental United States. Arkansas AP members checked with builders in their areas and asked if this release would be of much help. Here are some of the answers. MAGNOLIA-"The $250 million Won't be a drop in the bucket for the situation," said Larry Braux of Howard Builders Center of Magnolia. He said money was tight in his area. Another Magnolia man, a contractor, said he thinks $250 million is insufficient for the job. NEWPORT - Billy C. Ivy, president of Ivy Brothers Construction Co., said he doesn't think the $250 million "will be enough to really spur the economy and keep it going like it should." In general, he feels the recent interest hike has done mnch to discourage the build- tor industry, Ivy said. paries Razor, president of Okie Lumber Co.. feels the $250 million will stimulate the build- lac business tome. Razer «aid stood. "We need something like this every month," he said. Four or five homes in Conway ing in the Texarkana area "if we can get enough money." But how far, Griffin asked, will $250 million go? B. L. Littlerton of Superior Realty and Construction Co. of Texarkana said plenty of people would buy new homes if they could get suitable financing. He said some homebuilders would not take advantage of the $250 million release because they a one per cent fee to hold the money for sudi commitments. JONESBORO - Henry Gschwend, builder: "Yes indeed," it would be benefitted, fee builder | w m help. It will probably give said. A developer from Conway said he didn't know if the release of funds would help much. He said he understood that the money was intended to pay off indebtedness for people now holding mortgages, thus releasing their money. FAYETTEVILLE - Mrs. Helen Edmiston, independent building contractor: "I think it will help. Building is off here probably more than any place. The picture is absolutely grim. We're probably down 75 per cent." Bryce Davis of Davis Construction Co.: "It'll help some, but it won't take care of the builders an increase of about three per cent over the present situation and the only drawback is that it won't last longj nnlv Hal Boyle NEW YORK (AP) -Do you have a friend whose whole world turns dark when his television set is on the blink? Why let him sit there in lonely despair? There is a remedy for lis condition. It is an old-fashioned remedy called reading. It ]as helped people pass the time in pleasure and self-profit for centuries. So, until the television repairman can call, brighten your friend's plight by sending him a jook for Christmas. He may be so grateful he will remember you in his will. But what book to send him? It is very important to send the right book to the right person. For example, and all in fun, here is a suggested list for people we all know or have heard about: "Many Are Called"—George ^omney, Richard M. Nixon, Ronald Reagan, and perhaps liscount rates which are now being required on loans which enough. "It is in essence only I 501 " 6 '',"'? 3 equals Up to five P er a droo in the bucket or ahnnt cent of the Ioan -" This > Hargett a drop in the bucket or about one-sixth of what we need in tiiis area." WYNNE - James Henson of Benson Lumber Co.: The amount is "completely inadequate," he said. He also said building in the Wynne area has been tremendously affected by the short money problem and it's not the high interest rates, but premium discount rates the lenders place on tight money that is causing the problem. EL DORADO — Wilson Har- situation. There's not enough I gett, construction company: money released to do a good i "It's going to help a little, but job. If the money comes to dir-1 it'll be in such a small way rect lending, it wil Ihelp considerably. Building has been slack here, but we're doing more now than in the last three months." TEXARKANA-(Mayor) Dale Griffin, homebuilder: "Home- no one is going to know it. It sounds like a lot of money, but when you spread it out over the country the amount we will get will be so small that it will be negligible. Companies hat to go their limits on loans because . Hargett said, contributes to a high closing cost, part of which has to be transferred to the homeowner. Wayne Smith of Smith Construction Co. of El Dorado: The market in this area is for larger homes, therefore, mis low-cost money wouldn't do us much good." NORTH LITTLE ROCK - A loan association official said by the time the relased money reaches North Little Rock ,it's very negligible. City officials said there have • been 36 per Nelson A. Rockefeller. "Open the Door"—Sen. Robert F. Kennedy. "Everything but Money"— your wife or mine. "The Birds Fall Down"—all the young Democratic congressmen who didn't win re-election. "Education by Uncle"—any disgruntled U.S. taxpayer/ "Modern American Usage"— Gen. Lewis B. Hershey, director of Selective Service, "Music in a New Found Land"—any U.S. serviceman in Viet Nam. "The Proud Tower"—Lyndon B. Johnson. "Keep Your Mouth Closed, Dear"—Joe Valachi, the singing mobster. "Confessions of a Dilettante" —Gen. Charles de Gaulle. "The Moment of Wonder"— Ho Chi Minh. "The Last Gentleman"—Zsa Zsa Gabor. "Prayer Can Change Your Life"—Rep. Adam Clayton Powell Jr. "All God's Creatures"— Martin Luther King Jr. "Lost cities of Asia"—Mao Tse-tung of China. "Witness to Our Time"—J. Edgar Hoover "The Old Glory"—Former Presidents Dwight D. Eisenhower and Harry S. Truman. "The Naked Image"—Gypsy Rose Lee. "A World Elsewhere"—Pope Paul VI. "The Awful Handyman's Book"—Prime Minister Sukarno of Indonesia. "The Village Square"—Your Deatnik son. "The Silver Swan"—Sen. Ev VC Soldier Failed To Infiltrate EDITOR'S NOTE: Pieced to-|ner reached the middle of the gether from captured docu defense line, ments, personal papers and con- Dong was about 10 yards versations, here is how one ahead when the second man young Viet Cong communist— tripped over a wire stretched fictitiously named Le Van Dong taut across the ground. There — met death. was a pop and whoosh. A trip By JOHN NANCE flare shqt into the air. WAR ZONE C, South Viet Both men froze. Nam (AP) -The Viet Cong reconnaissance squad had its orders: "Follow and watch the enemy (Americans) until tonight... Learn how they are situated... "Cut new trails of approach- keep them hidden." Le Van Dong—in his mid- wenties and wearing a floppy >lue hat—was among the 15 or 0 Viet Cong men who spread out and picked their way in twos md threes through the thick ungle of War Zone C. The one, in Tay Ninh prov- ice along the Cambodian bor- ter, had been their sanctuary or years. It held the headquar- ers of the National Liberation 'rent, the political arm of the Viet Cong. At least three regiments of Viet Cong and North 'ietnamese troops were reported to be based there. Now the Americans had ushed deep into the zone in the argest U.S. operation of the r ar. More than 25,000 troops tvith powerful air and artillery upport were splitting the zone's ense jungle. One of the spearhead battal- >ns-the 1st of the 18th Infan- ry, 1st Infantry Division—had warmed by helicopters into an gg-shaped clearing. Tall trtes owered at the edges and the cr. I blasted him. He didn't get off a shot." The bullets ripped into Dong's shoulder, chest and side. The impact flopped him on his back, dead. Three GIs dug a hole and placed Dong's body into it. They removed his wristwatch ungle crew 'earing. thick up to the A Viet Cong regiment was sported in the area, trying to lake it back to its base along le Cambodian border. The American encampment ould be difficult to defend and he U.S. generals knew it. One company and two pla- xms moved out to search the rea around the camp. Le Van Dong and the Viet ong squad, from their hiding laces, had counted the helicop- irs coming in. They knew here to go and that there was large force. Dong and another man •awled under low-hanging amboo and slipped from tree to tree. Dong traveled light. In addition to his blue hat he wore an olive green shirt, black trousers and "Ho Chi Minn" sandals made from old tires. | On his U.S.-type pistol belli were tied a battered canteen and a new, nylon hamock-pon- cho. In a cloth sack Dong carried a plastic bag rigged as a gas mask and ammunition for his old French-model bolt-action rifle. A bayonet with foot-long blade jutted from the muzzle. The two men edging closer to the clearing could hear the buzz of chain saws and the roar of explosives as GIs cleared trees. The perimeter was thinly manned and Dong and his part- Only 20 yards away Spec. < Espirion Contreras of Devine Tex., a squad leader with Alpha Company, was sitting inside his bunker with his shirt off. His M16 automatic rifle leanec against a tree. He heard the whoosh and then he spatted Dong and the other man. "We just stared at each other," Contreras recalled. "I remember he had on this funny hat and I didn't know whether to shoot him or what. "But in a second I realized what was up. I grabbed my M16 and cut loose. The first guy (Dong) dove behind a mound of dirt, but the second guy was hit. '. fired the whole clip. The guy dropped his rifle, which they lever do, so he must have been lurt bad. Then he draged himself off into the brush. Dong hugged the ground. This was totally unexpected. They lad wandered right into the Americans. There was no place to go. But he American had. stopped firing. Dong raised up slightly to peek over the mound. Contreras continued his story: "The other guy (Dong) was still there — couldn't of been more than 20 yards away. I scrambled around to find more amo or another weapon. "I spotted our machine gun and jumped on it. Just as I did this other VC rose up to try and see. "I was coming up right with him. I guess I was a little fast- had been smashed and was stopped at 3:02 p.m. At almost the same time a few hundred yards north, Char lie Company killed two other members of the enemy patrol. One carried a paper filled with small, neat handwriting in red ink. It was dated that day and carried orders for the pa 'rol. ',Be at the site of the American encampment at 2:30 p.m.,' it said. "Follow and watch the enemy in each area until tonight.. .This is the ideal situa- ;ion for us." Word of the captured orders •eached the men near Dong's juried body later. "Well, this guy was on time," said one. "But I guess he youldn't call it the ideal situa- ion." The water ouzel has the ability o walk under water. It walks along the bottom feeding oa water-dwelling insects. Merle Norman Franchise Studio 1213 W. Main Phone PO 3-1913 OPEN 8:30-5:30 EVERY DAY cent fewer building permits for|erett M.Dirksen of Illinois. residences approved in the first 11 months of 1966 than in the 'irst 11 months of 1965. _The loan association official said, however, that such figures might be slightly misleading, because 1964 and 1965 were building here is at the lowest!of the unstable conditions of the boom years in home b "i'ding. Monday of $250 ebb in the 12 years I've been'money market One reason for " We tore the roo£ of£ this Iead ' $1 billion au- in it." This is not because of j this is that they don't know lng in 1964 and 1965 ' Then . if a lack of demand for new j when they will get more money homes, Griffin said, but because of high money. He said and they are holding back what they do have for very choice the builder cannot afford the loans. This is partially due to high rate of discount on the j the high interest rate, which is FHA-insured loans. Certainly, he said, the federal move to buy mortgages will help build- a contributing factor to the standstill in the building industry now and because of ttie FROZEN ? PIPES! PIPES! ^ PREVENT FREEZING .IN BRIEF COLD SNA HEAT TAPES .,T HOTIMf UMIT FREE RENLACEMfNf eUARANTEEl FIBERGLASS INSULATION Fondren & Sons Hardware & Gifts 311 W. Main "Free Parking In Rear** PO 3-4520 you had four walls and a roof you could get a loan," he said. "A Tower of Babel"—U Thant. "The Illusionless Man"—Santa Claus. Read Courier News Classifieds HAMMOND ORGANS-PIANOS BILL HURST ORGAN STUDIO Plaza Shopping Center - Ph. 3-9505 ONCE - A - YEAR SPECIALS! Bonne Bell Reg $6.00 Plus 30 Lotion T Reg. $5.00 Plus 30 Cream .... Reg. 5.00 Moisture Petals Reg. 2.25 Skin Freshener Reg. 2.00 Firming Lotion Du Barry $300 $-|25 $ 25 $f 1 Reg. 3.50 Vibrance 4)00 Creme Masque 4 Reg. 3.25 Hand & $485 Body Lotion I Reg. 2.75 Dry Skin 465 Cleansing Cream I Young Promise Treatment $2.35 Owens Rexall Store 523 North 6th St. FURNITURE UPHOLSTERY ESTIMATES DELIVERY NOW! Your DX Dealer has the season's inn I GETAWAY CHASE GAME! only 4 98 ITH I-CAUON PURCHASE Each Getaway Chase Game set Includes two authentic scale model cars, remote switches, almost 24 feet of roads, five getaway routes on a plastic game board. 3-D buildings add fun to the chase, create a colorful setting. Each battery-operated car (batteries not included) races at scale speeds up to 60 MPH. Getaway Chase Game is great family fun and can be played by as many as four players. See your DX dealer for Getaway Chase Game — ffw> season's most wanted toy. Pick one *p now from: ^ Roman's DX 0th & Chickasawba Sis. Ph. PO 3-9525 Lloyd's Gro. SDK Air-Bue Hi-Way Ph. LE 2-8613

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