The Courier News from Blytheville, Arkansas on March 20, 1941 · Page 7
Get access to this page with a Free Trial
Click to view larger version

The Courier News from Blytheville, Arkansas · Page 7

Blytheville, Arkansas
Issue Date:
Thursday, March 20, 1941
Page 7
Start Free Trial

Page 7 article text (OCR)

THURSDAY, MARCH 20, 1941 Competing Currency Notes Include Chungking, Nan- king and Japanese SHANGHAI (UP)—Future political and military developments in Europe and Asia will determine the fortune of China's financiers and businessmen — Occidental and Oriental—as well ns the fate of various Chinese currencies, informed observers believe. The latest development in China's money merry-go-round wa-- the introduction early in January of the Nanking government's Central Reserve Bank notes, adding another tangle to the country's bewildering financial web. Free China's notes continue to hold the allegiance of most foreigners in Shanghai, Hongkong and the interior of China. These notes — recently strengthened bv Anglo-American loans — still' are considered strong, although after 3 l i> years of war. they are consid-! erably inflated. Financial observers believe that these Chunking bank notes now in circulation total $400,000,000 Since the outbreak of the war. these notes have been increased from 1,000000,000 to 7,000.000,000 Chinese dollars and consequently have depreciated in value. Japan Has Army Yen Other currencies circulated in China include the Japanese military yen, which the Japanese army issued and which could be used only in Japanese-occupied Central and South China; the Federal Reserve Bank notes, which are backed by the Japanese and which are used in North China with Peiping and Tientsin as the principal centers; the Japanese-backed Manchurian yen. as well as the regular Japanese and Korean yen. The military yen. the Central Reserve Bank notes and the Chungking- notes are competing with each other and fluctuating in value with each spin in the international wheel of fortune. _A major decisive stroke by Britain or the Axis, an important war step by the United Stales, or a Japanese withdrawal from China would seriously affect the fortunes' and livelihood of millions of person's, including a number of Americans. The Nanking- notes are not- ac- ' cepted widely, and the circulation! here is estimated at only l to 100 in ratio with Chunking's "topi." At present, however, the' Nankins government, is compelling local Chinese banks here, including the, : Chungking-allied banks, to open! : accounts in the new currency else | they would be subject to proseeu- j"on m the Nanking-controlled Ji-rendi concession courts for failure lo accept Hie "legal tender." New Notes- in Doubt Observers believe the fate of the new notes is uncertain and their widespread use is possible only through political pressure 01 through inclusion of Shanghai in the yen bloc. . Market commentators are not I willing to predict the future of •'currency exchange in China, particularly in the Shanghai area. They cite infinite possibilities, with the world scene as the cue. Among the general predictions. ( however hedged with "ifc/ 'are: I l—Chinese-Japanese peace would boost the Chungking currency's exchange value. [ 2—An Axis victory or great success in Europe would damage the British pound, exhilarate Japan and send the fapi tumbling as an upshoot of the desirability of the Nanking notes. 3—A successful British resistance or triumph -would strengthen the pound sterling, hearten Chungking and improve the position of the fapi and ai the same time weaken the Central Reserve notes. 4—An increa-se in the British American and Russian aid to Chungking would strengthen the fapi. < AKK -> COURIER NEWS SEATTLE. Wash. i UP) — Fi fly - cwo thousand acres in the Columbia River Basin clearing project will become a vast lake about July 1. extending 151 mil«\s from Grand Coulee dam to the Canadian border. State Works Projects Administrator Carl W. Smith said nearly 3,000 men from sis cnmp3 nre clpaj :_ ing trees and brush from the great reservoir area. More thnn 5000 buildings will have been moved aimed, and at least 11 towns and between 400 and 500 farms will have vanished by summer. The reservoir will be flooded to a height of 1,290 feet, providing a shore line of 500 miles—the largest fresh water lake west of the Great Lakes, Smith said, and the second largest nian-mnde lake in' the world. Surface of the lake behind Grand i Coiilee dam will be 84,000 acres Already the dam has backed the water a considerable distance and the mighty Columbia river now is navigable from iho clam to u point MX) miles away. Since, last September the reservoirs water surface 1ms remained at. a constant level between 1,138 annd l.HO feel. It is kepi uniformly level by opening and closinp; the outlets at Couleo dam. A "navy of L>2 boats transports men and material to points along tin; Columbia river. Already applications have been made before the Washington stuU- department of public .service for permits to operate passenger boats oh the reser- jvoir. , l'iime«Ts ol the once-dry plains of eastern Washington never would haiv imagined such u development. lor iheir descendants. Beer Distributors To Meet At Hot Springs ^ LITTLE ROCK, Ark. i UP)—The E.M'nitivo Committee of the Brewers :»ul Arkansas Beer Distributors Committee will hold u culled mect- {"«-at Hotel .Arlington. Hot Springs.. March i!7. slate director J. Whartun announced this week. Wharton .said several matters of importance to UK- beer industry's i "clean up or close tip" program 'in ) Arkansas would bo discussed by the Ixmnl, oompo.sed of live brewery I'ejiresenuuive.s mm Jive wholesale beer distributors. "The distributors attending these meetings have, been enthusiastic over the made in the in- dusirys self-reijuhitlMtf program in Arkansas." Wharton wikl. 'Those district meetings provided ample 1 evidence .that everyone within the Industry in this state will cooperate fully to keep the. sale of r on a high plane." l-'lKure Skater Is J)J KMLUs'Y'S ISLAND, O. (UP)l-Ved Sehardt, who is <M yoar.s ok'., l»as few superior-, on Mils Lake iM'k- IMaml at hj ;> - favorite winter pastime of figure skating. Ai; the jiKO of 70 Schtmlt wa.s known for his i-ndm-mice a.s a marathon dancer. Read Courier News wtmr aos. Now Sear.s-Iloebiiek RADIOS AT DISCOUNT FOR CASH! Radio Hospital Ingram Bld e . IQJ E. Main HAPPY DAYS] / ARE ANOTHER MULE TURNED ON PASTURE And REPLACED With A Good Used Tractor WE HAVE RECONDITIONED SEVERAL LATE MODEL TRACTORS OP ALL MAKES. Good Trades — Good Price —Good Terms Paul Byrum so r ^ •j, not use it G ETTING right down to it, one reason why you get as much as 10% to 15% more miles per gallon from a 1941 FIREBALL Buick with Compound Car- buretion is that this engine is supplied with more air. For it is a mixture of gasoline and air that gives you power. A single carburetor, no matter how many jets it has r can handle only so much air. But two carburetors that function as needed, as is the case in Compound Carburetion, can meet any fuel-supply need from low-speed to heavy-power use - and always provide a well-balanced mixture. They can double the air supply as well tisthe gasoline feed- and that's something you can't do in any single-carburetor car. So Compound Carburetion gets as much as 800 miles for the gas-cost of 700 in earlier Buicks of the same size. It also provides a walloping big bank of reserve power, which means an up- and-at-'em lift and surge that's nothing short of thrilling to experience. And you can have Compound Carbu- retion, you know, on any 1941 Buick if s only a few dollars extra on the swell big SPECIAL pictured here, and standard equip-! ment on all other models. MOTOIS VMUI rrft- - runt t Mic/ t . Whue sidewall tires, state tax, optional equipment and accessories—extra. Prices subject to (hange without notice. LANGSTON-WROTEN CO. Broadway & Walnut Phone 1004 WHIN ilTTU AUTOMOtllCS AM tUUT 1UICK WIU MOD THIM PAGE Some plane factories are now moving planes' out of the pian'rto make final assembly, thus speeding production. WE FILL ALL DOCTORS PRESCRIPTIONS A.VI) SAVE YOU MONEY ; Stewart-Robinson " Drug Co. ' ln # Lake phone 20 YOU CAN'T IGNORE WITHJ>RICES GOING HIGHER These exlrnordinar.v furniture values mark a real opportunity for yon to save. Quoted below arc a few of Hie outstanding Kerns selling at last year's price. They can'l be duplicated. These low prices will prevail only as long as our present slock lasts. " Breaking All Sales Records! MHO was the largest year in our history, yet, January of this year was 22% better than January of im February was 70'; larger than the same month last year. The answer is simple. . . It is the honest, every-day bargains offered by Hubhard. Figure w ith Hubbard when you need furniture. You'll j^et more for your dollar. 3-Pc. Bedroom Suites We still have some of these beau- tiful, large, :{-piece bedroom Suites at the same low price we had last fall and -they are worth MUCH MORE NOW. Our new lines are coming j n daily. Buy on our Fall Terms -Half Down and the Balance in the Fall 18X36 IN. CONGOLEUM FLOOR MATS LIVING 2 - piece, nicely upholstered Living-room Suites, all colors, choice now onlv FELT BASE RUGS 9x12 BK Manitex Rugs $2.95 , %^ T ^^ 9x12 Congoleum Rugs 9x12 Gold Seal Rugs $4.95 EXTRA SPECIAL I?eanl.iful tapestry upholslery, all colors. Same couch upholstered m new shades of veioiir $29.95. INNERSPRING MATTRESSES Our Slumber Queen, this week only The famous Simmons Bed, all Colors Upholstered Chairs & Spring-seat Rockers, SPECIAL We have many other items, odds and ends that we want to dose out. Come in and look them over REMEMRFR You can stil! buy j. ij-ii*ijjiTioj^ri anything we have 1-2 DOWN Balance Next Fall Small carrying charge BLYTHEVILLE, ARK

Get full access with a Free Trial

Start Free Trial

What members have found on this page