The Courier News from Blytheville, Arkansas on March 30, 1954 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

Blytheville, Arkansas
Issue Date:
Tuesday, March 30, 1954
Page 2
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BLTTHEVILLE (ARK.) COURIER NEWS TUESDVtT, MARCH » MM Depression Unlikely Unless We're Scared •jt • •LI I Into It, Weeks Says *' LITTLE ROCK (AP) — There is no chance of a depres- j, fkm unless "We let ourselves get scared into one," Secretary ; of Commerce Sinclair Weeks said here yesterday. . Commodity Arid Stock Markets- New York Cotton May July Oct Dee 3444 3455 1404 139ft 3444 3438 3441 3456 3404 3400 3450 3398 3394 3453 3400 3396 3442 3442 3437 343 July . 3456 3457 3451 3452 Oct ....... 3403 3403 3397 3400 Dec .......' 3397 3399 3393 3396 Chicago Soybeans 365% 368 ! / 2 368% 212% Chicago Corn May ... 155y« 155V e July ... 157 157% 217% 211% 154% 156% 252% 218% 212 & 155 Now York Stocks (11:41 «i«U«*M> A T and t ... 163 1-8 Amer Tobacco 60 1-4 Anaconda Copper 34 5-8 Beth.Steel 561-4 Chrysler .. 63 1-8 Coca-Cola 122 3-4 Gen Electric ..." 105 1-4 Gen Motors ...... 64 7-8 Montgomery Ward 59 1-2 K Y Central 23 Int Harvester 29 3-8 Republic Steel 49 3-8 Radio 27 fiocony Vacuum 39 3-4 Studebaker 18 7-8 Standard of N J 80 3-8 Texas Corp — 681-4 Sears 59 5-8 US Steel 42 Sou Pac 40 1-4 livestock NATIONAL STOCKYARDS. HI., (IV-(USDA)—Hogs 9,000; moderately active; uneven; weights 180 Ib up 20-30 lower than yesterday's average; lighter .weights steady to 25 lower: sows unevenly steady to 50 lower; bulk choice 180-230 Ib 26.75-27.10; load and small lot Choice No. 1 and 2 27.25; 230-270 Ib 25.75-26.90; few 270-310 Ib 25.0026.00; 150-170 Ib 26.00-27.00: sows 400 Ib down 24.00-75; heavier sows 3S.50-24.50; boars 17.00-20.50. Cattle 5,500; calves 1,500; moderately active demand for steers and steady; lew good and choice 20.5023.00; cows opened steady to all Interests; utility and commercial cows 11.50-13.50; canners and cutters 9.00-11.50; bulls and vealers unchanged; utility and commercial bulls 13.00-15.00; few heavy fat bulls 11.00-12.00; cutter bulls largely 11.00-12.50; individual head prime vealers 27.00: good and choice largely 21.00-25.00; commercial and low good 15.00-20.00. Weeks, first in an interview on his arrival in Little Rock and later last night in. a speech, assailed those who are talking hard times. He said "If the people who are preaching ' and talking depresion will shut up and teave us alone, we'll be all right." The federal official said he is on a "look, see and listen" trip through Arkansas and Texas after a series of speeches in Maine and Tennessee. Week addressed a dinner meeting of the joint boards of the Associated Industries of Arkansas and the Arkanas Economic Council — State Chamber of Commerce. Decline Temporary He told the group that during the current business decline which he considers temporary, production is about equal to that of last year which sustained the Korean War. "I personally believe," he said "the American people would rather take that 10 per cent cut and have their boys at home than to have that extra, business and have their boys at war." A "buyer's market" which has existed for 15 years has tended to weaken business and there is "nothing worse for the economy" than having a buyer waiting for everything that is produced, he said. He added that in such a situation "sales organizations fall apart and production techniques get- sloppy." Weeks cautioned that "the whole economic picture is tied in with the confidence people have in the Mundt Says Prospects For inquiry Better The commerce secretary and party left by plane this morning for Dallas and Fort Worth. DULLES (Continued from Page 1) Beer 1952 test for exhibition April 7. Fiah Condemned In Tokyo last night, Japanese health o f f i c i als condemned as harmfully radioactive an 80,000- pound tuna catch brought in by another fishing boat that was 200 miles from the explosion. (Continued from Page 1) Dulles said that at the forthcoming Geneva conference on Far Eastern problems the United States will not be "disposed to give Communist China what it wants from us, merely in exchange 'or its promises of future good Behavior." He said the United States would not abandon the Chinese Nationalist' government on Formosa and encourage i t s "bloody liquidation by the Chinese Communists." Preview Given In a preview of the U. S. position at the peace conference on Korea ^nd Indo'china opening April 26 at Geneva, he declared.: "We hope that any Indochina discussion will serve to bring the Chinese Communists to see the danger of their apparent design for the conquest of Southeast Asia, so that they will cease and desist." He also said the United States government has no intention of granting diplomatic recognition to Communist China or of voting to seat it in the United Nations. "It is now the policy of the United States," he declared, "not to exchange United States performance for Communist promises." DEMOCRAT (Continued from Page 1) puted this. Representatives McCormack of Massachusetts, assistant Democratic leader, and Yates of Illinois, Democratic member of Appropriations Committee, accused Re- Dublicans of having "repudiated" Eisenhower. Yates said he would offer an amendment to authorize 35.000 additional housing starts next year 'and help the President carry out his program." "It's obvious that his own party won't help," Yates added. OLDS MOBILE "88" 2-Dr. Sftdon. Delivered locally; stat* and local taxts extra. That't right! For a surprisingly low price, you can own this futur*-ttyl*d, futur*» pow«r*d 1954 "Rock*" Engine Oldsmobile! Make a date to *e« and drivo if — todayl Your price depends upon choice of model and body style, optional equipment and accessories. Prices may vary slightly in adjoining communities because of shipping charges. All prices subject to Change without notice. Check our budget terms! in Tout OLDfMOBILI OIAUI TODAYI HOtNIH-WILSON MOTOR CO.—309 E. Main St. WASHINGTON tfl — Sen. Mundt (R-SD) spoke today of "better" prospects for a successful end to bis two weeks' search for a special counsel to help investigate the McCarthy-Army row. High Army officials have ac:used Sen. McCarthy (R-Wis), chairman of the Senate investiga- ions subcommittee, and his aides of trying to get favored treatment or a drafted associate. McCarthy •eplied the Army sought to blackmail him into calling off .a search or subversives in the Army. The subcommittee voted two weeks ago to conduct a public, elevised investigation. With Mcarthy stepping aside, Mundt will preside at the inquiry. Plans for the inquiry have remained stalled, however, until the subcommittee names a special counsel. j Mundt said he will call a hurry-1 up subcommittee meeting today if he gets the hoped for "break" in his quest. "Three brand new names" have come under consideration, he told newsmen yesterday, declining to disclose any of them. Sen. Jackson (D-Wash), helping Mundt in the search for counsel, assured reporters that "stalling" has played no part in the delay. "Maybe we have been too conscientious and meticulous," he said. EISENHOWER (Continued from Page 1) Colo) of the Senate Finance Committee. Four Major Parte Eisenhower said his is a "minimum program" of four major, interlocked parts: Foreign aid—"which we wish to curtail." Investments abroad—"which we wish to encourage." Free exchange of one currency for another—" which we wish to facilitate." Foreign trade—"which we wish to expand." The President said he considers it essential to achieve each of these objectives, declaring: "Unless we are prepared to adopt the policies I have recommended to expand export and import trade and increase the flow of our capital into foreign investment, our friends abroad may be discouraged in their effort to reestablish a free market for their currencies. If we fail in our trade we may fail in all. Our Negro Deaths Ida Turner Services for Ida Turner. 56. who died Sunday at her home in Cherokee Courts, will be conducted tomorrow at 1 p.m. at Nehemiah Temple Church by Elder M. Jones, pastor. Burial will be in Mt. Zion Cemetery. Survivors include her husband, ters, Lena Mae Young, Cleveland, Rev. Roosevelt Turner; four daugh- O.; Nathelma Moore, Oletha Smith, Stella Ruth Turner, and two sons, Theodore and Earl Pegues. Caston Funeral Home is in charge. domestic employment, our standard of living, our security, and the solidarity of the free world — all are involved. "For our own economic growth we must have continuously expanding world markets; for our security we require that our allies become economically strong. Expanding trade is the only adequate solution for those two pressing problems confronting our country." Failure to attain a higher trade level, the President said, will threaten the domestic economy by dooming efforts to find ways by which others, through their efforts, can buy U. S. goods. Reduced exports, with farms and factories selling less, is the only alternative, he said. Trade Unbalanced "Beyond our economic interest," he said, "the solidarity of the free world and the capacity of the free world to deal with those who would destroy it are threatened Korean Bases Checked SEOUL UP! — Vice Adm. William M. Callaghan, new commander of U. S. naval forces, in the Far East, and Vice Adm. Robert P. Briscoe, outgoing commander, flew to Seoul today to inspect Navy installations in Korea. by continued unbalanced trade relationships—inability of nations to sell as much as they desire to buy. "By moving boldly to correct the present inbalance, we shall support and increase the level of our exports of both manufactured and agricultural products. We shall, at the same time, increase the economic strength of our allies." While Eisenhower asked for a three-year extension of the trade agreements law. there are signs in Congress he may have to settle for a two or even one-year continuation, perhaps without the added authority to cut duties he and the Randall Commission asked. The changes would empower the President, through negotiations with other countries, to make these tariff reductions during the three- STOPS MOTH DAMAGE for 5 fears.. o< BfRlOII Pays ( ° r the Damage •;- , A REAL GUARANTEE SINCE 1930! Far more than just a "money-back" guarantee. When applied as directed, Berlou repairs, replaces or pays actual cash value of clothes, rugs, furniture, blankets, etc., if moths damage them within FIVE YEARS! ODORLESS! COLORLESS! And non-inflammable! Use Berlou Guaranteed Mothspray with confidence on the finest materials — on ALL the woolens in your home. No tell-tale odors. SO EASY TO APPLY! You can "Berlou'' any articles in minutes with an ordinary spray gun. A vacuum cleaner spray attachment does it quicker and easier. Berlou penetrates deep into each tiny fiber of fabric. A FEW PENNIES A YEAR! Simple, inexpensive spraying with Berlou eliminates annual wrapping and storing precautions for wollens! Safer, and saves so much time! MOTHS: A $200,000.000 ENEMY! Many homes report damage running into four figures. Don't wait for moth damage! protect your floor coverings and other hard-to-replace woolens now — the easy way — the safe way— the Berlou way. Funiture, Inc. The sign shown in today's where-is-it photo is located on the sharp curve where Weat Highway 18 joins South 31st Street. Located on the northeast corner of the curve, it is visibk to traffic entering the city. Second Quarter Garbage Due Garbage fees for the second quarter will become due Thursday, city officials reminded residents today. The fee is $2.25 for three months and, under city ordinance, are payable in advance. No statements will be mailed for this second-quarter fee, city officials said. Statements for payment until July l were sent out Jan. 1 in an effort to cut down the costs of billing and collection. Many resident paid the fee up to July l, and the April l reminder was for those who still pay quarterly. year extension period: 1. A cut of 5 per cent a year on specially selected commodities. If presidential authority to negotiate tariff reductions up to 50 per cent under present law has has been used up, the proposal would limit reductions to a total of 15 per cent. 2. A cut to 50 per cent of the value of the goods of all tariffs now exceeding that figure. 3. A cut of as much as 50 per cent in the rates in effect on Jan. 1, 1945,| on products not being imported at all or only in "negligible volume." This could be done by the United States alone, as well as by negotiation. Dyess Boy Hurt When Pinned Between Cars Jerry James, 14-year-old son of Mr. and Mrs. Norman James of Dyess, is reported doing well after regaining consciousness and receiving treatment for injuries received Sunday night when he was struck by a car while working on the lights of the James' car on a road half a mile south of Dyess. His condition was reported today as good by the attending physician, who said more x-rays will be made today to determine the extent of his injuries. Unconscious from the time of the accident until yesterday afternoon, Jerry suffered from a fractured pelvic bone, skull concusion and extensive bruises on the legs. The accident occurred when Jerry stopped the car he was driving and went around in front of the vehicle to examine the lights which had been giving trouble, Mrs. James said. While he was standing in front of the car, another car. driven by Buddy Harrison, son of Mr. and Mrs. Jim Harrison of Dyess, entered the road and struck the James' car, pinning Jerry between the two cars, she explained. Jerry was rushed to Osceola Memorial Hospital for first aid treatment and then to Memphis. A student at Dyess School, he was a member of the junior high school basketball team this year. IKE U.S.-Jo pan Pact Approved TOKYO (£) —The House Foreign I Affairs Committee today approved the U. S. - Japan Mutual Dejtense Pact and three accompanying agreements. The vote was 15-8. Crittenden Publisher Dies WEST MEMPHIS. An..'UP) — C. H. Brown, 65-year-old former owner and publisher of the weekly Crittenden Times, died here yesterday. (Continued from Page 1) revenue in estimating a federal deficit of nearly three billion dollars for the fiscal year starting July L He had opposed the sweeping range of tax cuts in the bill, which would add almost another billion to the deficit. But a veto would cancel the extensions of present rates, too, and result in a net revenue loss of 78 millions more than if the bill takes effect. The tax-cutting urge in Congress, in this congressional election year, was perdominant as Senate and House conferees ironed out differences yesterday in earlier versions passed by the House and Senate. Prompt Approval Seen The House bill would have provided only 912 millions in cuts. The Senate bill would have reduced taxes by $1,019,000,000. The Senate version had the best of it in the conference committee, and leaders in both chambers predicted prompt floor approval of the compromise. The tax on most household appliances would be cut from 10 per cent to 5 per cent — a Senate provision. Affected would be refrigerators, stoves, home freezers, hot water heaters, electric irons, electric blankets, toasters, mixers, clothes dryers, dishwashers, power lawn mowers and garbage disposers. The bill would wipe out any tax on movie or other admissions costing 50 cents or less. The House had rejected this proposal; the Senate voted to exempt admissions of 60 cents or less. The federal tax would end on regular season collegiate athletic events, nonprofit museums or exhibits, and amateur civic theaters — another Senate provision. The present 20 per cent rate wolud be kept on horse and dog race track admissions, night club and cabaret admissions, and club dues. The House bill would have cut these, too, but the Senate voted ' Churchill Bocks US H-Bomb Tests , LONDON (ff) — Prime-Minister Churchill today threw his support behind the U. S. hydrogen bomb testa in the Pacific and said American posession of the H-bomb "provides the greatest possible deterrent against the outbreak of a third world war." Addressing a House of Commons deeply concerned over the threat to humanity from hydrogen warfare, the 79-year-old leader reject, ed Laborite demands that he try to persuade the United States to halt further H-bomb tests. He naid: "We should be doing i great disservice to the free world if we sought in any way to impede the progress of our American allies in building up their overwhelming strength in the .weapon which provides the greatest possible deterrent against the outbreak of & third world war." Forfeits $50 Bono 9 The Snow Corporation forfeited $50 bond in Municipal Court this morning on a charge of having an improper lease on a truck it was using while a fine of $50 and costs against Ray Selridge, charged with reckless driving, was suspended during good behavior. to cancel those cuts. Cuts Listed These cuts approved by both houses were not involved in the compromise: From 20 to 10 per cent — Furs, jewelry, handbags and luggage, cosmetics, electric light bulbs, cameras and film. From 25 to 10 per cent — long- distance telephone calls and leased wires. From 15 to 10 per cent — Sporting goods, mechanical pencils and pens, lighters, rail, bus and plane fares, local telephone bills, and telegrams. IT WILL BE TOO LATE AFTER APRIL TO BUY FEDERAL CROP INSURANCE (Government Will Withdraw Offer April 10th for the Year) SIGN UP NOW AND REPORT PLANTING LATATER . .. LOW COST ... YOU HAVE UNTIL NOVEMBER 15 TO PAY! (April 10th is the last day to buy) PROTECT VOIIR INVESTMENT -AGAINST- • Drought • Excessive Rains •Storms • Hail • Frost • Freeze • Fire • Insect Infestation • Plant Disease And Other Unavoidable Causes. "All Risk" Protection. United Insurance Agency (A. F. "Dee" Dietrich, Mgr.) AGENTS FOR FEDERAL CROP INSURANCE CORP. Agency of U.S. Department of Agriculture 111 WEST MAIN STREET Across Street from Roxy Thtatit Blytheville, Arkansas Phone 6812 SEE NOW-

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