The Courier News from Blytheville, Arkansas on December 30, 1954 · Page 3
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December 30, 1954

The Courier News from Blytheville, Arkansas · Page 3

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Blytheville, Arkansas
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Thursday, December 30, 1954
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Page 3
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THURSDAY, DECEMBER 80, 1984 BLYTHEVTLLE (ARK.V COURIER NEWS PAGE THREE Still No End in Sight Fabulous Las Vegas Hits Biggest Entertainment Boom in History By BOB THOMAS HOLLYWOOD (AP) — That low rumble heard from Las Vegas is not another atomic bomb test. It's the beginning of one of the biggest entertainment booms in history. That gambling oasis on the great American desert, already making money hand over dice, will get its biggest push in 1955. Five new hotel-casino-niteries are being built adding to the seven now in bust- ness, and others are projected. It is estimated that 20 million dollars will be paid to entertainers next year to lure citizens to the gaming tables. Will Las Vegas find enough new customers to absorb this huge new expansion? Or will the new places and skyrocketing salaries for entertainers kill Nevadas golden goose? You hear it both ways from the entertainment booKers for the Las Vegas hotels. They spend much of their time here, since Hollywood is their principal source of star talent. "I think we're creating a Frankenstein that well never be able to cope with,' argues Abe Schiller, rugged, colorful contact for the Hotel Flamingo. "Where will it end? There isn't enough money in the world to pay for the fantastic salaries that some of the places are offering." Taking another view is Jack Entratter, big, smooth-operating major domo of the Sands, who formerly operated big New York clubs. Says he: "We're going to try to get by on the same basis we have before. I think this whole tiling will level itself off after six months or so." Whatever happens, the face of the desert is going to change even more radically than it has in the decade since Las Vegas started becoming the playground of the West. Ten years ajo, Las Vegas was a smallish frontier town, chiefly noted as a runaway spot for Cali- forniaris who wanted to marry in a hurry. Then there started arising on the highway south of town large, Hollywood-styled hotels with huge swimming pools, waving palms and handy crap tables. The Strip is now alive with construction. Total amount of new building investments, including a huge downtown hotel, is estimated at 45 million dollars. In addition, several other projects have been announced. Business has been skyrocketing in the Nevada pleasure town, and so have salaries for entertainers. With five big new hotels being added to the present seven in the next few months, star salaries will doubtless go higher. Already you hear the rumblings of a talent war that has Las Vegas worried. Until recently, talent hookers at the Strip supper euros operated more or less under gentleman's agreement. Stars who played one spot were generally considered that place's property; there was little attempt to rustle performers. Now that picture is changing. With a dozen clubs seeking top talent, the competition should be terrific. The new Royal Nevada has lured Helen Traubel and Anna Maria Alberghetti away from the Sahara and Ben Blue from the Flamingo. The Flamingo has taken the Mills Brothers from the Thunderbird, and Nat King Cole has moved from E| Rancho Vegas to the Sands. With each move comes a higher salary. The most notable is Liberace's. He played the last Frontier many times, his top price being $5,500. He'll earn $50,000 weekly for three weeks at the Riviera. The same hotel is giving Joan Crawford 510,000 and a free vacation for acting as hostess during the first four days of the opening. Abe Schiller of the Flamingo assails this kind of salary. "By the time you pay Liberace $50,000, plus a band, a line of girls, supporting acts and small combos for the bar, you've got a $90,000,-week bill," says Schiller. "And thai doesn't Include the cost of publicity and exploitation. You can never support that kind of an outlay." At least one new spot, the Dunes, has announced that it will concentrate on good shows, not star names. Schiller scoffs at this thinking. "When Joe Blow drives in from Terre Haute, he wants to see a star he can recognize." Some hookers are trying to solve the talent crisis by signing up performers to long-term deals. Th/ Flamingo has signed Kay Starr at S800.000 for 40 weeks in the next five years and Keefe Brasselle at $400,000 for six engagements. The Roynl Nevada is giving Miss Alberghetti $300.000 for 18 weeks In the next few years. Bill Miller of the Sahara has tied up the services of Ann Blyth, Marlene Dietrich, Edgar Bergen. Red Skelton, Martha Raye. Donald O'Connor. Kathryn Grayson and Mae West. Jack Entratter of the Sands says he has long-term deals with Peter Lind Hayes and Mary Healey, Danny Thomas. Billy Eckstine. Vic Ramone. Robert Merrill. Martin and Lewis, Louis Armstrong and others. At lenst two spots have assured stars' loyalty by making them stockholders: Prank Sinatra at the Sands and Tony Martin at the Flamingo. BABSON Continued from Page 1 machinery have left some concerns with very high depreciation charges. As new capital commitments are cut and depreciation remains high, cash inflow could expand. Such companies should be able to pay out in dividends a higher percentage of earnings in 1955 than in recent years, notwithstanding a moderate profits shrinkage. 15. INVENTORIES — Inventories have been permitted to run down during 1954. As total business expands, there will be a tendency to replace reduced stocks, especially during the first half of 1955. Total manufacturers' inventories, however, may build np more rapidly than total business meet all demands for goods. I forecast that no runaway inflation is probable, even if the money managers increase the supply of money or ease credit. 23. INTEREST RATES — Until the Treasury finds a way to balance the budget, hold business at high levels and unemployment at a minimum, I forecast little likelihood of higher interest rates. 24. BOND PRICES — With the possible exception of tax-free bonds, I see no reason for increased -bond prices in 1955. I forecast an increase in the issuance of tax-free revenue bonds. 25. STOCK PRICES — After so sharp a rise, the market could have a reaction: but I am forecasting no crash in 1955 such as we had fact, the situation the better October in 1929. In changed for 11, 1954. 26. .WAGES — I forecast that the wage trend in organized industry will continue to move higher at least in the first half of 1955. inventories. I forecast that total ( wholesale and total retail inven-j During the first half year, when tories will show little change from j business will be improving, the la- 1954 levels jbor chieftains will also be quick 16. PRICES OF.MANOTACTUR- tojresortjo^te strike weapon. ED GOODS — Even with the expected pickup in demand, T see no sharp markup In industrial prices next year. Over-all supplies are generally ample. Hence. I forecast, that industrial prices in 1955 will show little change from recent levels. 17. POOD PRICES — Pood prices may firm later in 1955. The strong move into Government crop loans this year has made free sup- jricultural items I forecast that plies of most less burdensome, new advertising programs by canners and other great food distributors will help farmers, stock raisers, and fruit growers. 18. CONSUMER INCOME — Consumer income will hold at satisfactory levels. Most goods should move readily into consuming channels. 19. LIVING COSTS — I forecast that during 1955 living costs will show little over-all change irom present levels. There may be some firming during the first half, but the late months may again witness a minor softening. 20. RENTS, ETC. — I forecast] rental expenses may edge somewhat higher: clothing cofits should be steady to moderately higher. There is small chance that food expenses can be greatly reduced. 21. MONEY SUPPLIES — I forecast that money supplies will be 27. OTHER LABOR GAINS—I forecast that the heavy guns of [ ample for legimate business needs during 1955. With little likelihood of business getting out of band on the upside, credit eas ing is more likely than credit curtailment in 1955. 22. INFLATION — Pears, or per- the labor bogwigs will be trained on the guaranteed annual wage, shorter work week, and more pensions. With a Better congressional control of appointments to the National Labor Relations Board, the decisions of that body will swing more toward labor than toward management. 28. NEW INVENTIONS—These will mostly be a labor-saving type. I forecast a marked increase in automation and cybernetics, and other marvelous changes in production methods. 29. EMPLOYMENT-UNEMPLOY- ment outlook is brighter, since business will be on the upgrade during the first half. I forecast that local and seasonal unemployment will still prove a knotty problem. 30. FAILURES—The salient business characteristic of 1955 will be bitter competition. Many companies already weakened by competitive conditions will no longer be able to keep afloat. I forecast a rise in both the number and the total value of failures during 195531. MERGERS—I forecast that mergers and consolidations will be encouraged by federal officials, if, by merging, a weak company can be saved. But while every effort will be made to prevent bankruptcies, Washington will frown, on large mergers and consolidations. 32. GENERAL REAL ESTATE SALES—Tiie time is alread past due when real estate prices should have been falling. Only a fear of World War III and easy credit have haps hopes, of an inflationary! prevented this. Therefore, I fore- boom should be buried. Barring I cast that a downturn in prices can- outbreak of war,, our productive I not long be postponed. capacity is sufficientfy large to 33. URANIUM CRAZE—The ATTENTION MOOSE MEMBERS Blytheville Lodge 1507 Big New Year's Eve DANCE-PARTY At Moose Lodge FRIDAY, 9 ip. m.'til?? $1 Couple or Stag $1 FREE FOOD and PARTY NOVELTIES MOOSE GUESTS WELCOME greatest speculation will take place in the seeking and trading of land with uranium prospects. This is now centered in.Coloralo, Utah, and vicinity; but I forecast it will spread in a limited way to many other states and even to "offshore" property. It could exceed the gold rush of 1849. Another demand will be for wood-lands which can be bought for a few dollars per acre. 34. COMMERCIAL FARMS — These have suffered a decline in price as a result of the slump in agricultural prices and farm incomes. Unless more will be done politically for the farmers next year, I forecast that the recent decline in commercial farm prices may continue during 1955. Subsistence farms on the fringes of larger cities should hold up well in price as migration toward the subrubs, continues. 35. VACANT LAND IN CITY AHEAS—With the exception ol parking lots, city vacant land should experience a continued slow reduction in price during 1955; but no marked change in* suburban vacant land, except for parking. 1 am very bullish on land anywhere suitable for parking. 36. BUSINESS PROPERTY—I foresee little hope for improvement for such property in the larger cities during 1955. Business pi'c- perty in the suburbs has not beer. so inflated, and therefore will not be so vulnerable to declines and high taxes. 37. INDUSTRIAL BUILDING — The construction of a new industrial plants gives every indication of continuing to mark out a downward course during 1955. I forecast that the brighest spot on the construction horizon for next year is the prospect for increased municipal construction,—schools, hospitals, etc. 38. RESIDENTAL CONSTRUCTION—The building of new homes has held at very high levels during 1954. Although I expected the trend of new home prices to be downward during the year 1955, they will still presistat very high figures, at lease during the first half of the year. New homes will continue to be the choice of purchasers, even though older homes give better values. 39. TAXES — The Eisenhower administration has clearly recognized that expanding business and increased expenditures for plant and equipment are the true sour- ces for rising employment and more jobs. I forecast a continued aim during 1955 will be to have taxes aid business — and thereby help employees to more and better jobs. ' 40. INCOME TAXES — T forecast there will be no further relief, in 1955,, of the double-taxation feature on dividends or of the 25% capital gains tax. Furthermore, corporation income taxes will not be 1 - permitted to decline as scheduled next spring. I forecast that, unless business slumps more than I anticipate during late 1955, there will be no reduction in personal income taxes next year, except to correct some technical errors. Any relief for the individual "small" taxpayer will be saved until the election year, 1056. 41. POLITICS — The really big political news in 1D55 will not be made by the laws that will be enacted, but by the tremendous preparations for the 1954 presidential campaign. Those who claim that President Eisenhower is at heart a liberal and will get along well with a.Democratic Congress should remember th'e lessons of politics, 42. WORLD WAR III — In my opinion, the initiative in international affairs still rests with Russia. The Kremlin Is not yet ready for an all-out attack and no one in the West wants World War in. Mnlenkov is now pushing a "Peace Offensive." I am referring here to the year 1955 — over the long term, I still feel that a major holocaust is inevitable, but I forecast no World War in in 1955. j 43. FOREIGN AID — Our foreign efforts during the year will continue to aim at plugging the leaks and building new dykes against the flooding tides from the East. I forecast we will work hard ; to build up Europe, with Germany i as the core; but Russia will make spectacular gains in the Far East, particularly in India. 44. FOREIGN COMPETITION — As Germany rearms and the Brussels Treaty Organization goes into gear, I forecast further imprcv- ment in Europe. Competition from European manufactures will, hovv- ever, intensify. Reciprocal trace deals will be pushed. I would not be surprised to see a decline in our exports in 1955 and an increase in imports. 1 45. CHURCHES AND CHARITIES—I forecast that the spiritual awakening which started in 1954 will continue in to 1!)55 with an increase in Church memhera. This is a very important sign. Gifts to charities SPORTS EQUIPMENT is valuable It deserves insurance protection while in use, at home or in storage. Insurance that covers fire, theft and nearly every risk except wear and tear. NOBLE GILL AGENCY GLENCOE BLDG. 3-6868 HAMBURGERS For Your Protection, Our hamburger Patties Are Prepared and Delivered Frozen By a Nationally Known Government Inspected Meat Packing Plant. A Warm Well-Seasoned Bun enhances the Wholesome deliciousness of this Pure Hamburger. KREAM KASTLE DRIVE IN Division & Walnut Phone 3-8051 ADA Says Ike Has Excellent Chance To Weld Moderate, Liberal Coalition WASHINGTON (&\ — Americans for Democratic Action says President Eisenhower has the best chance of imy president In recent years to weld a "moderate, progressive or liberal" coalition which could, control Congress. In a statement issued yesterday, the group said Elsenhower could carry with him on a "liberal" program most Democrats and "a much larger element" of the OOP than was willing to follow presidents Roosevelt or Truman. will also increase, due to the more liberal allowance on Uixes, up to 30%, provided 10''!> ROCS to churches, schools, or hospitals.. 46. TRAVEL, AND SPORTS — I forecast more money will be s\ict\u on travel and sports in 1955. This is becoming, an important now industry and should especially benefit Florida, California, Arizona, New Mexico, the Great Lakes Region, New England, find the Northwest. 47. NEW METALS AND ALLOYS —Next to air-conditioning, I expect great growth in the use of new metals and alloys. I forecast the rare-metals stocks will be soughi. in 1955 as were the oils in 1954. 48. ADVERTISING — I forecast business spending in tin's field will increase further in 1955. It not only is the salvation of individual businesses, but is the best stimulant for national prosperity. 49. PpPULATION—I forecast the population will continue to increase during 1955. with a growing percentage of young people between 18 and 22. This means a greater demand for clothing, college education, and especially for new school buildings. 50. CONCLUSION — Develop Faith, Meditation, Health, and Good Works—with more attention to your family—to create, reserves for renl trouble which some day will come. GO TO CHURCH! ADA describes itself HS an anti- Communist political group dedicated to the principles of Roosevelt. It »aid the President "cannot do justice to the great Issues of 'our time . . . by watering down crucial proposals to pacify the conservative elements of both parties." adding. "Similarly, Democratic congressional leadership m u s t adopt and pursue a progressive legislative program consistent with party platform." Pennsylvanian Wins Legislative Seat on Coin Flip PHILADELPHIA Lfl — Abraham Sigman is the winner of a scat in the Pennsylvania House of Hepre- sentatives because he won the flip of a coin and drew the right mini bov from n pouch. Republican Sigman and his Democratic opponent, incumbent Alphonso Parlante, agreed to the game of chance after their nice in the city's 2nd Legislative District ended in a lie vote, 9.82-1 each. A Pennsylvania IHW states election ties are to be decided "by lot." However, both candidates agreed beforehand that they would sign a stipulation giving them the right to appeal. Piu'limte immediately announced he would take the mutter of his loss before the Democratic - controlled State House, which convenes next month. LA Babies Set Record LOS ANGELES Wl-Clty Health Officers George M. Uhl says the 1954 total of babies born in Los Angeles will be approximately 47,000, topping last year's record of 45,380. Husband Carries Out Threat; Kills Wife's Family | SACRAMENTO. Calif, tf) — Mrs. Richard Mulloy said her husba;id threatened death for her family if he wont to jail on a battery charge. He was released on bail and last night killed Mrs. Mulloy's mother and sister and then himself, officers said. Sheriff's Capt. Tom Howard reported: Mulloy, 52, shot his mother-in- law, Mrs. Nora Wyatt, through a window. His wife, Bette, sleeping on. a couch, WHS not shot. Mulloy then drove 3H- miles and fatally wounded Mrs. Mabel Neighbors, 31, Mrs. Wyatt'a daughter, in her home. He drove a block further, got out of his car and turned his 12-gauge double-bar- reled shotgun on himself. Mulloy had been arrested earlier yesterday on a wife-beating charge hut was released on $250 bond. He accused Mrs. Neighbors of attempting to break up his marriage, Mrs. Mulloy said. They .Named It tor undo, which literally "twister" In Spanish, was by the" 1 early conqulsta- who encountered s u c h in their exploration of The means named clores, storms North America. /Ma/fag automatic Adams Appliance Co. Inc. You Can't Argue With a Woman ROSEVILLE, Calif, (ft— It was & drizzly morning. Highway Patrolman Kenneth Arbrusler said, and a car was parked smack In the middle of a narrow two-lane tunnel on U. S. 40 near here. A pretty ,glrl was working on a windshield wiper that squeaked. "Why stop in the tunnel and create such a dangerous traffic hazard?" the officer asked. ' 'That's obvious, " the girl replied. "I can work on the wiper here without getting wet." Wrecking Party OMAHA (ffi — A woman came to ask Omaha Fire Commissioner Simon what she should do about a shed on her property that had been condemned. Snid Simon: "Why don't you have a party and invite all your friends over with hammers to help you tear down th» building?" High bhool GradwtM are earning their way through College in Radio-TV Many of our graduates are working vuirt or full time in college towns ns radio-television repairmen, announcers, or licensed technicians. You can get this training quickly nt Kt-oyan's School of Television, one of America's finest adult education centers, and work your way through college or go into the armed forces with a specialist rating. Day or night classes, and our placement service helps you find employment while attending school. Write: KEEGAN'S SCHOOL OF TELEVISION, 207-F Madison Ave., Memphis, Tenn. PENNEY'S :fl R S T , Q 0 A 111 y f< TERRIFIC YEAR-END BUYS! Shop PENNEY'S And SAVE SPECIAL PURCHASE OF COTTONS! Good Length Remnants 4 yards for FINE WOVEN CHAMBRAYSI EVERGLAZE SHEER PRINTS! YARN-DYED COTTON TWEEDSI 80-SQ. PERCALES! PERMANENT FINISH ORGANDIES! BUTCHER WEAVE RAYONS! PLISSE PRINTS AND SOLIDS! COTTON FLANNEL PRINTS! These are the big-season fabrics, beautiful long piece remnants fashion - right for Spring sewing! Think of what you'd ordinarily pay for these, think how much you can save when you come to Penney's and scoop these up at 4 yards for $1! Year-End Buys! You will find many,, many terrific bargains during Penney's year end clean-up. Check these bargains: Men's long sleeva sport shirts only $1.00 each; Chair cushion and back sets 50e each; Boy's sweat shirts 50c each; Men's and Boy's boxed handkerchiefs lOc per box; im- ported linen dresser scarfs lOc each. Bargains like these and many, many others are available to you during Penney's year end clean-up,— and all merchandise is first quality, absolutely no seconds. Come in and see for yourself. Them are Bargains all over the store. SHOP PEN- NEY'S AND SAVE. COTTON PLISSE DUSTERS $0oo 2 EACH No-Iron cotton plisse dusters in a wide choice of colorful prints and oolids! Bright contrast piping, 5 buttons down the front, 2 pockets. 12 to 20..._ Special! PENNEY'S QUALITY IS YOUR GREATEST SAVINGS

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