The Courier News from Blytheville, Arkansas • Page 3

THURSDAY APRIL 1, 1954 BLYTHEYILLE (ARK.) OOTOfER NEWS April Will Give More Clues To Economy Than March Did By SAM DAWSON HOUSTON, Tex. (AP) April promises to give more clues to the course of business jobs, take-home pay, retail sales, production, building than did The big debate still goes on today after March's inconclusive performance: Researcher Says April Fool's Day Is Good Chance for Release Through Practical Jokes Is the nation having only an inventory adjustment? If so, after a little more paring of stocks, and the belated Easter shopping season, merchants should start order- Ing again and the industrial trend will be back to higher ground. Or is the nation settling back from the peak of a to a replacement level? If so, industry will be replacing old goods with new and supplying a growing population. But it will be definitely out of the era of the huge postwar demand, when everyone seemed to want another to be ready to buy it, if only on time. Even in Texas, where confidence in its future is almost universal, there are doubts that spring will see the end of the recession.

Dr. Watrous H. Irons, president of the Federal Reserve Bank of Dallas, foresees the decline continuing for a few months more, but with no sharp drop ahead. "Serious Decline" The Business Research Bureau at Austin, however, says, "Its rapidly becoming clear that the level of business activity for the nation £fcav a serious decline" and warns Texans against hope that "any serious decline in the U. S.

economy would not be felt in this area." A Houston bank president thinks a ''gentle slide back to normal times" will continue into the summer. A New Orleans bank chief sees September as a more likely turnabout month than April. A Boston banker says there's still a chance of a chain-reaction recession. On the national scene, April bows to the tune of both good and bad reports and predictions. The official line: President Eisenhower sees no need yet for slain-bang antirecession measures.

Treasury tary Hum phrey thinks May will be time enough to decide if a real business drop is threatening. Commerce Secretary Weeks looks for lower excise tax rates to stimulate business sometime this mom hand sees a chance that the three just ended will be the low point for the year. The Business gruessing: Purchasing agents for manufacturers are Top Musicians of Free World To Launch Huge Music Festival ROME musicians of the free world launch a two-week fse- tival of 20th century music in Rome Sunday. A competition for 1-2 young of them one of the top events. This year's International Conference of Contemporary Music, April 4-15, is an offspring of the 1952 Masterpieces of the 20th Century ki Paris.

That month-long festival of music, ballet and painting, designed, to prove that art thrives on freedom, brought howls from European Communists and high praise for such American performers as the Boston Symphony Orchestra and the New York City Ballet. Ignored by Reds The Reds so far have ignored the Rome festival, perhaps because the sponsors are playing down the political angle. And the Americans this year are leaving most of the spotlight to the Europeans. The program's sponsors wouldn't be surprised, however, if the Communists started sniping at them. Leading composers, music critics and performers were invited this year from Russia and her satellites but the festival's chairman, Nicholas Nabokov of New York, now on the staff of Rome's American Academy, said only Poland's leading composer, Panufnik, very polite letter saying he was terribly busy." The festival is sponsored by the anti-Communist Congress for Cultural Freedom, which staged the 1952 Paris event; the European Center of Culture of Geneva and the Italian radio.

The top event will be the judging of compositions submitted for three 20th Century Masterpiece Festival Prize Awards. They will be given for the best concerto for violin and orchestra, short symphony and chamber music for solo voice and instruments. XT. S. gin and yeast heir Julius Fleischmami is putting up a total of 25,000 Swiss francs ($5,827) in prizes.

betting on more business activity in the three-month period just starting. The National Assn. of Purchasing Agents glimpses the first faun signs of the slump's steadier than in the early part of the year, and with production and new orders up slightly, but perhaps reflecting only seasonal trends. The Federal Reserve Board, howevev, tells businessmen that consumers say they plan to buy fewer cars, houses, furniture and appliances this year than last. The total of personal incomes is down a little from the peak.

And some consumers whose jobs haven't been affected yet are a bit nervous lesc they might be. That other big prop of by be off about one billion dollars this year, according to the Commerce Department and the Securities and Exchange Commission. Even so, spending for plants and equipment is expected to top a spanking 27 billion. The three or four million out of work are bitterly affected by the business dip, and resent the word adjustment. Everywhere you run into worry lest a recession start snowballing of its own weight.

But most places you find that many folk, perhaps the majority, believe the economy is only settling back from a booming peak to a lower but still mighty high level. Their attitude toward the long- term future is a blend of calm, caution and confidence. EVANSTON, Dl. WV-Want to do something constructive about the strain of the cold war and the hydrogen bomb age? Today could be your day. A researcher on public opinion believes April Fool's Day is an ideal occasion for the average individual to do his bit.

How? For a starter, you might insert one paving brick inside the crown of a gentleman's black derby and place the contraption on the sidewalk at a busy intersection. Or if you chance upon a booby- trapped derby, give it a playful kick. The suggestion that people let themselves go a little in the realm of harmless practical jokes conies from Curtis MucDougull. professor of journalism at Northwestern University. He has two de- curies studying- the effects of hoaxes and practical joking public- opinion.

I'eak During: Peuoe He found that practical joking: reaches its highest peak during periods of the greatest feeling of peace and security and drops to its lowest ebb during- war or periods of insecurity. For the last 10 years, he said, we've oien dragging- along on a low plateau of the cvcle. BABY little eignt-passenger bus, buzzing past Buckingham Palace In London, has caused a stir in British transportation circles. Built in Germany, it cost $3522 and was shipped across the English Chancel for only $14. Powered by a Volkswagen engine, the baby bus gets 30 miles to the gallon of fuel and will do 50 miles per hour while performing with the economy and maneuverability of a private car.

"It's tragic that practical joking has almost disappeared at the moment," he said in an interview. "We've forgotten how to at ourselves. People would be happier, more relaxed and get along together if they made a conscious effort to revive harmless practical joking." This innocent byplay, he believes, also would halt such "vulgar emotional outlets" as the recent raids" by male college students on girls' dormitories. MacDougnll said a long list of prominent figures in modern history enjoyed practical jokes, including Benjamin Franklin. Ulysses S.

Grant and Franklin D. Roosevelt. He said Grant, during his term as president, presented a cigar to Horace Norton, a personal friend. WHITE SHOULDERS The Perfect FniRrance For Your Easter Parade! The Gift Shop ON MAIN Norton kept the stoRie as a keepsake. But at a faintly reunion in 1932.

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