The Courier News from Blytheville, Arkansas on May 25, 1954 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Tuesday, May 25, 1954
Page 5
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TUESDAY, MAY 25, 1954 (ARK.) COURIER NEWS PAOI Result of NYC Railroad Fight Will Be Delayed Decision on Control . Won't Be Known Before June 1 NEW YORK (AP) — The result of the fight for control of the New York Central Railroad cannot be known before June 1, says William White, president of the road. White said both management and the opposition forces of Robert R. Young have agreed on a recess of the meeting after tomorrow's session at which stockholders \vill air their views and stock will "be voted. The recess, said White, will continue at least until next Tuesday, following the Memorial Day weekend, when the election inspectors will make their first report on the voting of stock. Each side has pledged greatest secrecy as the count goes on, he said. Streamlined Meeting- White told newsmen last night that lawyers for both sides had agreed on a streamlined conduct of the mammoth annual meeting at which 2,500 stockholders are the road's 6,447,410 outstanding common shares are expected to be voted. Meanwhile, qne final legal hurdle remained. Attorneys for the railroad make closing arguments today before the Appellate Division of the New York State Court of Appeals to bar proxies to two Texas millionaire friends of Young, Clint W. Murchison and Sid W. Richardson. The Texant own 800,000 shares, the largest outstanding block of Central common stock,. 12.41 per cent, which they bought last Feb- rua frmyoYog ersaon uirl rmf- way, the Chesapeake and Ohio. The Central claims tha tthe transfer papers in the sale are "defective" and that the sale, partly financed by Young's Alleghany Corp., was a "sham and device." Central lawyers have indicated that if the decision is delayed they will ask that the annual meeting be postponed until June 28. According to all information available. Young will go into the stockholders' meeting with 1,118,880 shares, or 17.4 per cent of the stock, and White will have about 256,122 shares, or almost 4 per cent behind his slate. The outcome of the battle will depend on how much support each side can muster from independent stockholders. Commodity And Stock Markets— New York Cotton (!*:$• quotation!) July 3426 3434 3425 Oct ...3407 3414 3406 Dec 3410 3419 3410 Men 3422 3428 3422 New Orleans Cotton July .... Oct .... Dec .... Mch .... 3423 3405 3408 3421 3432 3423 3412 3405 3417 3408 3429 3421 3430 3413 3415 3428 3429 3410 3416 3429 Chicago Soybeans July Sept Nov Jan 350 275% 2531/2 256 y, 352 275% 254 257 Chicago Whear July .... 196!/2 196% Sept .... 199% 199% 342 272' /2 252 255 195 Chicago Corn July Sept 153% 149% 153y 8 149% 153 1481 343ft 272% 252% 2561/4 196ft 199ft 149% New York Stocks (12:45 quotations > A T and T 168 3-8 Amer Tobacco 61 5-8 Anaconda Copper 37 5-8 Beth Steel 66 1-2 Chrysler 61 1-2 AT OSCEOLA POOL — The new $39,000 Osceola municipal pool can be enjoyed by spectators, too. Benches are provided outside the fence for the onlookers who don't want to go near the water. Above, Lynn Weinberg (left) and Linda Davis sit in the shade of a table umbrella alongside the pool while the more energetic frolic in the water in the background. The pool is located in the western residential section of Osceola. Many used the pool yesterday afternoon when it was opened for the first time. (Courier News Photo) Coca-Cola 118 1-2, Gen Electric 117 3-i Gen Motors 70 1-) Montgomery Ward 63 7-8 N Y Central 22 7-8 Int Harvester 32 3-8, Republic Steel 58 1-8 i States has suggested that an Amer- Radio 27 3-41 * can general take over training of Socony Vacuum 43 3-8' all native forces fighting the Com- U.S. General Asked to Train Indochinese WASHINGTON (JP) — The United Studebaker Standard of N J 88 1-21 Texas Corp 73 1-2 i 15 5-8! munists in Indochina. Sears 64 3-8 Jim Stewart Services for Jim Stewert, 65, who died Saturday at his home at Armorel, will be conducted at 12:30 p.m. Wednesday at Mt. Nebo Baptist Church by Rev. W. M- Back, pastor. Burial will be in Carr 'Cemetery with Caston Funeral Home in charge. Survivors include his wife, Lula Stewert, and a sister, Carrie Williams of Driver. Mary Bollard Services for Mary Ballard, 53, who died today at her home on Charlene Street, will be conducted at 11 a.m. Sunday at Green Hill Baptist Church at Marion. Burial will be in Marion Cemetery with Caston Funeral Hopie in charge. She is survived by a brother, Walter Pollard . Ella Carter Ella Carter ,66, died Sunday night at her home on Mathis Street. Funeral arrangements were incomplete today pending arrival of relatives. Caston Funeral Home will be in charge. Gertrude Rodgers Services for Gertrude Rodgers, who died Sunday at Luxora, are to be conducted tomorrow at Mt. Olive Church in Burdette at 1 p. m. by the Rev. R. G. Gates. Survivors include her husband. W. F. Cobb Funeral Home is in charge. Shaw nee Seniors Take Trip to New Orleans JOINER — Members of the graduating class of Shawnee High School left Sunday for a week's class trip to New Orleans and other points in Louisiana, Alabama and Mississippi. Class sponsors Mr. and Mrs. Harold Howerton accompanied the seniors, who received their diplomas Friday night. U S Steel .... ............. 47 1-2 Sou Pac ................... 44 1-4 Livestock NATIONAL STOCKYARDS, HI. (£)— (USDA)— Hogs 8,500; trading- slower than usual; barrows ,and gilts 65-75 lower; some 170 Ib down only 50 off; sows mostly 1.25 lower after few early 25-75 lower; choice 180-240 Ib 26.25-85; latter for several hundred head of choice No. 1 and 2 weighing 190-215 Ib; one load choice No. 1 27.00; 240-270 Ib 25.2526.25; small lot 270-300 Ib 24.0025.25; 150-170 Ib 26.25-75; few to 27.00; sows 400 Ib down 20.50-21.50; few lots early 22.00-50; heavier sows 18.50-20.25; few to 20.75; boars 15.50-20.00. . Cattle 5,000, calves 1,500; opening very slow; initial bids unevenly lower; some early sales utility and commercial cows about steady at 13.00-15.00; bulls weak to 50 lower; utility and commercial 14.00-15.50; cutter bulls 12.00-13.50; vealers 1.00 lower; good and choice veal- ers 20.00-24.00; few prime 26.00; commercial and low good 14.0019.00. Diplomatic sources who reported this today said French officials who previously opposed any such move now are reported more favorable to the idea. These informants, who asked not to be named, said the proposal was advanced as a condition to be met before this country will consider intervening, presumably with other friendly governments, to reinforce French forces in Indochina. The State Department vigorously denied yesterday reports that American negotiators in Paris had proposed that an American be named supreme commander of the French and native forces fighting Communist-led rebels in Indochina. The informants stressed that all that was being suggested. now was that an American be put in charge of training the armies of Viet Nam, Laos and Cambodia. A French general would still be supreme commander of battlefield strategy. U.N. Temple Israel Elects Officers Hyman Weinberg of Osceola was elected president of the Temple Israel congregation in an election held Sunday night. Others officers elected include j a. eep iy confident that we can win (Continued from Page 1) they don't agree with—and that is practically all United Nations action. . . . "All these facts, and many others, are eloquent testimony to the conclusion that the United Nations is good for America. It helps us in the cold war. If we hadn't had Rabbi Terms State of Israel 'Miracle 7 Dr. Alfred Vise, rabbi of Tern- tionship with the Arabs. Although pie Israel, here, spoke last night to I an armistice was signed in the Men's Club of St. Stephen's Episcopal Church "at the group's monthly dinner meeting: at the parish house. Dr. Vise traced the development of the Zionist Movement in Europe of Israel. The latter ,he termed a modern miracle .as the six-year old democracy represents the Zionist goal of a homeland for the Jews. He pointed out that in the six years since the State of Israel was established, the population has doubled and now totals some 1,400,000. Israel's progress, he said, was due to "God's help, the United States and the United Jewish Appeal." The U. S. gave diplomatic recognition to Israel as soon as the new state was established and more than $569.000,000 has been contributed to it through the UJA's fund drives. Among the young state's prob- peace has not yet been achieved. Dr. Vise cited Israel as a key nation in the fight between communism and democracy because of its location as a link between Asia and Africa. Communism, he said, is the greatest threat to the Far East, which ranks with Korea and Indochina as a trouble spot. Oil firm Representatives Hold Meeting Here About 60 Continental Oil Co. dealers, agents and jobbers from the Jonesboro District met last night at the Rustic Inn here to discuss the firm's summer merchandising program. Company officials who spoke included J. G. Willis of Little Rock, assistant division manager; H. U. McBirney of Tupelo, Miss., V. C. Robertson of Oklahoma City, Okla., and W. D. Pulford of Jonesboro, lems, he said, was the uneasy rela- district sales manager. MCCARTHY (Continued from Page 1) Stevens to make Schine available to the McCarthy committee. ;*I felt the secretary was in «. better position to jud«e than I was," he told the committee, .saying he accepted the secretary's instructions "wholeheartedly." But Ryan said he got week night passes for Schine because the draftee was out so lute he was in questionsble condition to handle weapons the next day. Ryan said it was his duty to see that draftees were trained for combat and that the training- was intentionally "r i g o r o u s" and "tough." He said he didn't think a soldier could stay off the post until 11 o'clock or midnight in the veiling and be ready for the training schedule. He said he felt it was "his duty" to Schine and to other soldiers to cancel the week night passes, after Schine was absent from the post during six of seven evenings. Ryan noted that the soldiers were learning how to handle munitions, hand grenades and other weapons and they needed "complete possession of their faculties." He said he called Schine to his office and told him there would be no more evening passes during the week and it would do no pood for the McCarthy subcommittee staff to ask for them. Under questioning, Ryan said he did not feel that Schine's activities had interfered with his training. He said Schine "applied himself very well" and won a "superior" rating in his training, which put him in the upper 20 per cent of his class. While Schine got a superior training rating. Ryan said his rating for character was "very poor." Ryan related that before Schine started his actual basic training, he turned down a request for a weekend pass for him which had been asked by a McCarthy committee aide. Ryan said Army Counselor John G. Adams called him twice about the pass, and finally told him Secretary of the Army Stevens felt the pass should be granted since Schine's actual training had not started. Jonesboro Student Completes Hike Around Arkansas Border PARAGOULD. Ark. (/Pi Dan With The Court CIRCUIT . (Criminal) State of Arkansas vs. Gary Lloyd Kirk, burglary. Marsh trudged up to the St. Francis River bridge nine miles east of here this morning to complete a 1.200-mile walking trip around the borders of Arkansas. The 20-year-old biology student at Arkansas State College told newsmen who greeted him Unit he was only 55 minutes off schedule. When. Marsh left the bridge 94 days ago on the start of his journey, he predicted that ho would complete the trip at 8 a.m. today. Studies Made Marsh, who lives at Jonesboro, | made th« trip to study plant and animal life in the state. Asked what he intended to do first now that he walk was completed, Marsh replied: "I'm going to RO home and get a shave, a haircut and a bath— in a. tub." Marsh met: his parents. Mr. and Mrs. John Marsh, yesterday at the Clay County to\vn of St. Francis, and turned over to them the 22 caliber rifle which he curried over most of the journey. Previously, he had lightened his pack from 60 to 35 pounds. The young student said he subsisted mostly on wild plants and a few staple groceries during his marathon hike. He ate meat four times —one turtle, two blackbirds and a feast on steamed black snake. Found Heather Marsh said he found many strange plants on his trip, including * heather which is supposed to grow only in Scotland. He said he found the heather on Rich Mountain near Mena in western Arkansas. REDS (Continued rroni Pa^e 1) ready to break off the talks—now in their fifth week—but were reported Riving; serious consideration to fixing- a time limit. In London, the diplomatic reporter of the Conservative Daily Mail reported the Cabinet had given Eden discretionary powers to decide how much longer he should participate. "Unless there is substantial progress," the Daily Mall story continued, the talks "are unlikely Lo continue beyond next week." But another Conservative London newspaper, the Daily Telegraph, reported Eden had told the Cabinet he thinks there is an even chance for an Indochina settlement at the conference. (Continued from Page D border incidents. In Washington. Lincoln White, State Department press officer, said the department had no information that ! war was impending, but he added that U.S. diplomatic ,officials knew there was considerable tension between the two countries. Meanwhile, dispatches from Guatemala quoted long-time American residents of that country as saying: they could not recall a similar strained atmosphere. There were reports of workers shouting: "Go Home. Gringa (Yankee)" to North American women. Developments have piled one upon another since the State Department last week announced the arrival of a freighter-load of arms at a Guatemalan port. The department said they were loaded at Stettin in Communist Poland. To Freight Cars That shipment reputedly was the equivalent of 70 freight cars and worth 10 million dollars. More arms were said to be on. the high seas bound for Guatemala, which this country has charged with following the Communist line. Guatemala's foreign minister denied this emphatically. Of the original shipment, Toriello said; "The equipment Guatemala has bought will never be used for anything -else than to maintain internal peace." Toriello said he had had friendly talks on many questions with Ambassador Peurifoy in the course of a conference yesterday. And Toriello left the impression he was optimistic that Guatemala's relations with the United States might improve. He indicated this might have some connection with what he said he had suggested as a new approach to the problem of United Fruit Co. properties, some of which have been expropriated. He gave no details. Peurifoy declined comment. II the United Nations, I that World War HI am afraid would be raging around our ears right now. With the United Nations, I am Harold Cooperman of Caruthersville, vice president; Joe Applebaum of Osceola, treasurer; and L. K. Harwarg of Osceola, secretary. Directors elected include Walter Rosenthal, Richard Jiedel and Siegbert Jiedel, all of Blytheville; Dr. M. S. Nickol and Morris Silverfield, both of Osceola; Perry Cooperman of Caruthersville and Noah Barkowitz Of Hayti. The Temple Sisterhood served a spaghetti supper following the election. the cold war and avoid an atomic catastrophe." John J. McCloy Speaks To Bankers Tomorrow HOT SPRINGS, Ark. (7P)—Form- er U. S. high commissioner for Germany, John J. McCloy Wednesday will speak to delegates to the Arkansas Bankers Association convention. The bankers opened their convention here today. Guns Are Stolen From Osceola Home OSCEOLA — City police are still investigating the Saturday night burglary of the E. H. Riley residence in which a .38 caliber Smith and Wesson special revolver and a target pistol were taken, Police Chief Jake Thralkill said this morning. Mr. and Mrs. Riley returned to their home Saturday night to find a front door open and the place ransacked, the chief said. Only the firearms were found missing although the house received a thorough going-over. Entrance was gained through a back door which had been unlocked after breaking through a glass panel. A "ROCKET FOR EVERY POCKET! Fleet of the future! That's Oldsmobile'g line-up for 1951—eleven exciting, styled-for-the-futurc, powered-for-the-fulure models in three spectacular series! Three popularly-priced "88Y*—with Oldsmobile's new low-poised Body by Fisher and a low price tag to match! Four striking Super "58's"—featuring the big new 185-hp. "Rocket" Engine, the wide new panoramic windshield, the wonderful new road-hugging Power-Ride Chassis! Four "Dream Car" Ninety-Eights —with new sweep-cut styling, luxurious interiors, every advanced new power feature! Come in and look them over—and don't overlook their thrilling performance! 'SB" Holiday Coup* Cut Hearing Aid Battery Costs! Save! There are no "B" batteries to buy or replace in the new ALL-TRANSISTOR, ALL-MAGNETIC RADttEM Can tt for a demon- itrition of th« timt- Usted hetrini ail that tvtryona wants. • HEARING SERVICE • ISZ7 Sterick Bid*, Memphte I. C. Cowen. Mfr. Represented by MRS. H. L. HARP til W»ln»t §lytbe?HI«j ««" Holiday Coup*. A Gtimrot Motor* VoA*. "DREAM CAR" DW«. HWWor C«wp*. ( Another m^llahi Holiday Coup* awitoW. 1954 "ROCKET" ENGINE OLDSMOBILE .IIYI tMi« AT .oiii mtiitt oi.i.o.m HORNER-WILSON MOTOR CO. 309 E. MAIN CHICK YOUR CAR - CHICK ACCIDINTS - MAY IS SAFITY M O N T H I

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