The Courier News from Blytheville, Arkansas on January 21, 1954 · Page 5
Get access to this page with a Free Trial

The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Thursday, January 21, 1954
Page 5
Start Free Trial

, JANUARY 21,1954 BLtTHBVILLE (ARK.)' COURIER NEWS President Proposes $65.5 Billion Budget (Continued from Pate 1) fiscal year. That was about 4'/i billions less than new money requests in his revised fiscal 1954 budget, 15'/ 2 billions less than Truman asked for fiscal 1954. 24 billions less than in fiscal 1953, and 35 billions less than the Korean War appropriations peak of 9114 ..billion dollars in fiscal 1952. The new budget, Eisenhower •aid. "marks the beginning of a movement to shift to state and local governments and to private enterprise federal activities Which ,.*can be more appropriately and more efficiently carried on in that way." Based on Good Business He said the budget is based on assumptions that business conditions in general, personal income and corporation profits would continue "at substantially the present high levels." Eisenhower's fiscal 1955 budget predicted that spending would decline 55,332,000,000 under the current year's level. Of this, 53,360.000,000 or 72 per cent, was from national security programs. These programs include direct military costs, foreign military aid, atomic energy and stockpiling; of strategic or shortage materials. Direct military costs were cut by $3,975,00.000 from the 841,550,000,000 estimated for this year to $37.575.000.000 estimated for fiscal 1955. Other national security programs, meanwhile, were budgeted at $7,285,000.000 for fiscal 1955, j compared with $7,170,000,000 foi fiscal 1954, a rise of 115 million. This reflected a rise of 225 million for atomic energy and of 75 million for military aid and a decrease of 185 million for stockpiling. The Army absorbed the brunt of the defense economizing. Its budget sank from 514,20.000,000 .jjo'i' this year to 310,198,000, next year — a cut of nearly 30 per cent. The Navy's spending budget shrank from $11,300,000,000 this year to $10,493,000,0 next year — a cut of 7 per cent. The Air Force was the gainer. Its spending budget went up from *15,60,000,000 this year to an estimate of $16,209,000,000 for the year starting July 1. This was an increase of about 4 per cent. Eisenhower predicted that agricultural price supports would cost $1,165,000,000 in fiscal 1955, some 1.104,763,000 in fiscal 1955. some 47,026,000 less than estimated for this year, because, he said, his agricultural program would halt excess production. He proposed thai foreign eco nomic aid costs be cut next yea to $1,28,000,000, compared with $1,555,000,000 tills year, and tha the aid be concentrated in the Orient, Africa and Latin America Defense housing spending wa cut from 31 million this year tf one million. Civil defense spending was cut from 74 million to 68 mil lion. The President called for « million for slum clearance and re location of slum dwellers com pared with 38 million this year. Harrisburg Man Slays Wife, Then Shoots Self HARR1SBURG (IPi — A husband beat his wife to death with a piece of wood and an axe in the presence of their six terror-stricken children and then killed himself with a shot- un near here yesterday. Poinsett County Coroner Paul Thompson said the deaths of Mrs Jufuiita Woodruff. 38. and John Woodruff, 40. were "definitely murder and suicide." Thompson and Sheriff J. Lee Wright said a domestic quarrel, whose cause wasn't learned, led up to the double killing. $1,500 Prize Won By Hayfri Woman Mrs. Mary E. Taylor of Hayti will receive S1.500 tomorrow as one of the winners in the "Name the Star" contest sponsored by Armour and Co., it was announced today. Presentation of the award will be made by P. J. Evans, canned food sales manager for the company, at 2:30 p.m. at McAdams IGA Super Market in Hayti. State Senator Asks Re-Election LITTLE ROCK (/Pi—State Sen. Fred H. Stafford of Marked Tree, who is seeking renomination in the 24th Senatorial District, today filed for position No. 3 (Poinsett County). The district is comprised of Craighead, Mississippi and Poinsett counties. Commodity And Stock Markets- new York Cotton (12:30 quotatloni) Mar 3355 3355 3350 3350 May 3379 3380 3374 '3375 July 3377 3380 3375 3375 Oct 3293 3295 3288 3289 New Orleans Cotton Mar 3354 3355 3350 3351 May 3333 3383 3377 3378 July 3382 3383 3378 3378 Oct 3294 3295 3290 3290 Memphis Soybeans July .... 30914 309>,5 309!i 309VJ Chicago Soybeans Mch .... 314',', 3151= 313!4 313?i May .... 313?; 315 313',$ 313'4 July .... 309'-'. SlO'.i 308!i 309 Sept .... 26851 26914 267 26714 Chicago Wheat, Mch .... 212 T s 213'i 212% 212% May .... 212 212 1 ', 21114 211 IS Chicago Corn Mch May 154", 156 156?i 154 154 155is 155;s New York Stocks (12:45 qantalloni) A T and T Amer Tobacco Anaconda Copp r Beth Sleel ihrysler ioca-Cola Gen Electric Gen Motors Montgomery Ward N Y Central nt Harvester Republic Steel .......... .' Socony Vacuum itudebaker tandard of N J Texas Corp U S Steel . Sou Pacific 159 1/8 62 1/2 31 3/4 53 1/4 60 122 90 1/4 64 3/4 60 7/8 20 3/4 293/4 50 1/8 24 37 21 3/8 76 1/2 605/8 60 1/2 40 7/8 39 PAGB NEW PASTOR — The Rev. James w. McNutt is the new pastor of Bassett's Presbyterian Church. The first full-time pastor the church has had, he was born in Festus, Mq., and holds a master's degree from Louisville, Ky., Theological Seminary. His first pastorates were at Lewlsville and Garland City, Ark., and others have included Bellevue and Paragould. .ivestocfc NATIONAL STOCKYARDS, til. ffl (USDAi— Hogs 5,000; mod- rately active: steady to 25 higher ban yesterday's average; little hanged on weights over 230 Ib; ulk choice 180-220 Ib 26.25-50; lat- r fairly freely for uniform lots; ew uneven lots down to 26.00; most 230-240 Ib 25.50-26.00; few 26.10 and above; 240-270 Ib 24.25- 25.75: 270-320 Ib 23.75-24.50; 150-170 Ib 25.25-26.25; sows 400 Ib down 22.50-23.75: heavier sows mostly 21.75-22.50; boars 15.50-19.50. Cattle 2,000, calves 700; moderate demand moving some steers and butcher yearlings at fully steady prices; good and choice lots 19.00-22.25; cows active and strong; yesterday's weakness being recovered in most instances; utility and commercial largely 11.50-13.50; few to 14.00; canners and cutters mostly 8.50-11.50; bulls 50 lower; utility and commercial offerings 12.00-14.00; cutter bulls largely 10.00-12.00; vealers 1. higher; good and choice vealers largely 25.00-31.00; few prime reaching 34.; commercial and good vealers 18.-24.. Rites Conducted For Mrs. Weyant OSCEOLA — Mrs. Fadie Weyant died at her home west of Osceola yesterday after a lengthy Illness. She was 77. Mrs. Weyant had lived in the Osceola vicinity for the past 35 years.. Survivors include a daughter, Miss Lela Weyant of Osceola; a son, Woodrow Weyant; six grandchildren and 14 great-grandchildren. Services were conducted today at Swift Funeral Home Chapel with burial in Ennen Cemetery. FARM (Continued from Page 1) to the counties. Mississippi County Farm Bureau President Bill Wyatt said, "It appears to me as if we are getting in the compromise just about what we asked for in the Memphis hearing." He referred to the hearings in Memphis conducted last week bv the House Committee on Agriculture. Mr. Wyatt testified before the group on b-half of the county's farmers. "If yesterday's compromise bill passes and is signed, farmers here nay finally get about the same colon acreage allotment as they did in 1950." Mr| Bilbrey stated. Yesterday's meeting in Osceola was .sponsored by the county Farm Bureau and was called for the purpose of explaining various versions of the bills being offered by both the Senate and House. After the bill passes both houses and is signed by the president, some two or three weeks of work will be ahead before specific allotments will be worked out and passed on to the state commiltees. Cof ton Picker Inventor, John Rust, Dies PINE BUTFF W _ John Daniel Rust, 61-year-old Inventor of a mechanical cotton picker bearing his name and pioneer In harvesting machinery, died here yesterday of a heart attack. Rust built th» first mechanical ,iicker in the 1930s. It could pick a bale of cotton an hour- After years of frustrating trouble with patents and working bugs out of his cotton picker, Rust finally saw his picker manufactured In volume by 1949. At that time, Ben Pearson Inc.. of Pine Bluff and the Allis-Chalmers Co., of Milwaukee begun building Rust-type cotton pickers in volume. Last year Rust won a $81.000 royalty suit against Pearson. Rust said he developed his Idea for the cotton picker in 1928 with the thought that cotton would stick to a smooth, moistened spindle. I He started working on his machine nt Weatherford. Tex., and continued I the experiment?tion on successive moves to Louisiana, Memphis and Pine Bluff. (Continued from Page 1) viously. 9. Eisenhower also proposed to liberalize business depreciation allowances and deductions for rc- senrch; let small corporations be taxed as partnerships, or some partnerships be taxed as corpora- lions if that is more advantageous to them; simplify and define tax laws on corporate reorganizations and taxation of partnerships; and let businessmen offset losses against taxes paid on profits two years back instead of one. 10. In addition, the President called for a general rewriting and Ike Recommends $10 Million For Arkansas Rivers WASHINGTON (/R-Presldent El- senhower today recommended S10 618,357 for eight flood control, navigation and multiple purpose dams in Arkansas. However, $2,108,357 was carried over from previous appropriations for Blakley Mountain, Bull Shoals and Norfolk reservoirs. Here are the projects, and the amount Eisenhower asked for each: Flood Control— St. Francis Basin. 42,736,000; Lower While River 5205,000: Lower Arkansas River, north bank, $480,000; and Little Missouri River near Murfreesboro, S492.000. Navigation— Arkansas River and tributaries for bank stabilization in Arkansas and Oklahoma, $3 million. Multiple purpose clams— Blakley Mountain, $2,367,710; Bull Shoals, $957.200; and Norfolk 5381,441. All of the Bull Shoals and Norfolk funds were carried over from previous appropriations, as was $767.710 of the Blakley Moun- .nin recommendation. POWs simplification of the vast, complex federal tax code. The House Ways r md Means Committee is at work on that task. (Continued from Pag* 1) the icy water. The Navy reported 22 other men rescued from the harbor. AH Get Freedom The Marines were among' TJ. 8. guards assigned to the Chinese prisoners for the four-day voyage to Formosa. The u. N. Command has promised all prisoners their freedom at midnight Friday (10 a.m. EST) in accordance with its interpretation of the Korean armistice. The Communists want all POWs held until a peace conference decides their future. Today a majority of the repatriation commission approved a resolution reaffirming an earlier statement that any change in the status of war prisoners would violate the armistice. India voted with Poland and Czechoslovakia. Sweden and Switzerland voted against the resolu- .ion, Most of the Chinese and Korean prisoners scheduled for freedom Saturday are expected to Join the Nationalist and BOK armies. The first landing ships carrying Chinese POWs are due at a For- Imosan port, Keelung, Monday. A 'gala welcome is planned. Read Courier News Classified Ads ATTENTION FARMERS! Be sure to have your Cottonseed and Soybeans tested for Germination. Woodson-Tenenf Laboratories Licensed Grain Inspectors 612 W. Ash Blytheville, Ark. DISPLAY SAMPLE SALE! FRIGIDAIRE REFRIGERATORS With Regular 5 Year Warranty Reg. 259.75 289.75 256.75 345.75 382.75 434.75 448.75 379.75 299.95 349.95 379.95 409.95 509.95 419.75 589.75 Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire Frigidaire 11.0 Cu. Ft. 8.1 Cu. Ft. 7.1 Cu. Ft. 9.0 Cu. Ft. 10.7 Cu. Ft. 9.0 Cu. Ft. 10.6 Cu. Ft. 11.4 Cu. Ft. 8.6 Cu. Ft. 9.0 Cu. Ft. 9.0 Cu. Ft. 10.6 Cu. Ft. 10.8 Cu. Ft, NOW Refrigerator 240.00 Refrigerator .;.,. 215.00 Refrigerator 200.00 Refrigerator 250.00 Refrigerator 295.00 Porcelain Ref 340.00 Refrigerator 354.00 Refrigerator 300.00 Refrigerator ..... 240.00 Refrigerator 270.00 Refrigerator 300.00 Refrigerator 330.00 Refrigerator 415.00 FOOD FREEZERS Frigidaire 12 Cu. Ft. Freezer 329.95 Frigidaire 18 Cu. Ft. Freezer 489.95 CHECK OUR SHOW WINDOWS FOR OTHER ITEMS AT BIG REDUCTIONS! We want to move three Baldwin Pianos — come in and get our prices. DUO-Therm Oil Heaters at big savings. We have a Good Selection of Reconditioned Used Appliances SEE US FOR THE BEST BUYS! Adams Appliance Co. 206-08 W. Main J. W. Adaim, Mgr. Phon* 2071 A i In years pant, Chevrolet brings you the biggest savings in first cost ulitk the industry's lowest- priced line of cars. Because of greater buyer preference, year after year, more Chevrolets »re built than any other car. Thi», in turn, means mass production economies that are passed on to you in terms of higher quality at lower cost. 4nrf f/us year, Chevrolet brings you more "money's Worth" . . . more downright dollar value than ever hefore! The new '54 Chevrolets are brimming with • new Fisher Body beauty—fresh new styling; refinements outside ... new, even finer fabrics and even richer color harmonies inside. You get new high- compression power and performance ... new engine quietness and smoothness combined with moneysaving gasoline mileage. In addition, Chevrolet for '54 is first in the low- price field with a complete choice of automatic power features —conveniences like Powergtide, Power Steering, Power Brakes,* Automatic Front Window and Seat Controls.* Of course, these options cost extra, but a new Chevrolet with all the power features you want actually delivers for less than most other makes without them. Fact is, no other cars have ever offered you so much for such low cost! Come in and see all the wonderful new things you get in the new Chevrolet for '54. Then see how you save with the lowest-priced line in the low-price field. *A>u*r Brakes acatlabk only oil Poiterg/iVe models. Automatic Front [FiWouJ and Seat Controls only on " Ttfo- Ten" and Bti Air models. SULLIVAN-NELSON CHEVROLET COMPANY 301 WEST WALNUT BLYTHEVILLE the McCau! Way! McCaul Tire Store John Burnttt, Mgr. Highway 61 South PhoM f662

Get access to

  • The largest online newspaper archive
  • 14,500+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free