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Fairbanks Daily News-Miner from Fairbanks, Alaska • Page 8

Location:
Fairbanks, Alaska
Issue Date:
Page:
8
Extracted Article Text (OCR)

Fairbanks Daily News-Miner. Monday, May 24, 1963 THAT'S WHAT YOU GET TO TRY ANY TWO! Do it with Del Monte and you'll relish every bite! Old fashioned flavor? You bet! Del Monte Pickle Relishes are the only relishes made with pineapple distilled vinegar--a Del exclusive. Here's one vinegar that can marry all those lively relish flavors without intruding a taste of its own. So dive in--you relish fans--right now while it will pay you to spread some happiness around your hamburgers, your hot dogs and your cold cuts. HERE'S HOW YOU GET YOUR IN CASH! Just cut out and mail the center portion of any two Del Monte Relish labels, with this coupon, to Del Monte Pickle Relish Offer P.

0. Box 4101, Clinton, Iowa 52733 Enclosed are center portions from 2 labels of Del Monte Relishes. Please send my 35 cash refund to the address below: Address, -ZipNote: Limited to one reply per family, group or organization. For refund, both coupon and label must be submitted. Void in states where prohibited, taxed, or otherwise restricted.

Offer expires July 10, 1965. Center section of label Is unglued for easy removal. 149 WEATHER RECONNAISSANCE The 55th Weather Reconnaissance Squadron, with Detachment 1 located at Eielson Air Force Base, provides vital navigational weather data surrounding the Polar region. Missions are flown daily to insure Air Force pilots have the latest possible information for flight planning. Capt.

Otto N. Bie, pilot, (right), and Capt. Harold D. Blagg, navigator, plot their mission for the "Ptarmigan" track they will fly toward the North Pole. This is a daily flight designed to provide instant weather information for all military aircraft working in the polar regions.

--Photot for News-Miner by U.S. Air Force Citizens, Businesses Borrow More Than in Previous Years By SAM DAWSON AP Special Correspondent NEW YORK (AP) Americans' monthly payment debts are 11 per cent larger than a year ago. Business, too, is borrowing more. New York bank to commercial and industrial concerns have risen $1.4 billion since the first of the year. In the like period of 1964 they dropped by $574 million.

The nation's commercial banks as a whole have been net borrowers for 12 straight weeks from the Federal Reserve banks to meet the demand for loans from business and individuals. When money is easier and lending demands less urgent the banks have nest eggs of excess reserve in the central banking system. Are debts, business and individual, rising too fast and too high? Is this a sign, as sometime in the past, that the busi- ness upswing is peaking? Is the jnet borrowed position of the commercial banks a warning that the Federal reserve is tightening up on credit to keep the economy from overheating? Some bankers are answering "not necessarily" to all three questions. Delinquency of installment loans has risen very little. And this is reassuring.

A worrisome factor: Repayments of outstanding installment debt is taking 14 per cent of disposable income what's left of an individual's income after taxes. That's a new high. At the same time borrowers have been taking on new installment debt at such a pace that they are pledging 16 per cent of then- disposable income for future payments. This, too, is a record. Bankers say this is manageable for most families unless times suddenly turn bad.

The rise in loans to business by New York banks of late has DISCOUNT FEE First National Bank Member F.D.l.C. Member Federal Reserve System Manley Hot Springs is located 90 miles northwest of Fairbanks near hanks of the Tanana. Once rt thriving winter resort fotrn for miners, the area leas also a mining center. A few mines still operate iti the area, famous for its hot sprines. BY DAISY HETHERINCTOX Correspondent needn't foretell an economic downturn.

In fact, many companies have been borrowing sparingly, because they've had more profits and more cash flow from such items as larger depreciation tax write-offs on which to draw to meet financing needs. The big- You, Mr" Merger total of loans is due to the'chant? Mr. Postman? Mr. Pri- fact that everything is bigger vate Citizen, of any walk in the nation's business, the de- mands of consumers, the population, the number and size of firms. School's out! School's out! What does that mean to you, companies, apparel and leather goods producers.

Earlier in the year loans were heavy to makers of machinery and other durable goods and to commodity dealers. Bankers say the rising demand for loans is due to the general upswing in business arid 1 is actually smaller in relation to the growing economy than past booms. Therefore, it 6 VEURS 010. IMPORTED IN BOTTLE FROM 8Y HIHAM WALKER IMPORTERS DETROIT, MICH. 86.8 PROOF.

BLENDED CANADIAN WHISKY. The one whisky favored around the world why life? In Alaska's Interior, for some it means lots of youngsters with time on their hands and minds, to be put to work constructively, or destructive- iy. It's up to us, Mr. and Mrs. Citizen, whether they are yours, or mine, to help these children spend the summer months constructively or destructively.

Can you, Mr. and Mrs. Citizen organize a play group, a reading group, a hobby group, swim classes; or perhaps a I work group one day a week at 'least if only to clean up your 7 itown. your village, vour block? clearance Tuesday night for Play groups are eat but a what was described as the first mile work is necessarv too, if detailed public report criticizing Quake Design Criteria Hit Report LAFAYETTE, Ind. (AP) been chieflv tn retail stnrpq V- r- it only to cieai oeen cnieny to retail stores, The U.S.

Air Force vcmr villscp public utility and transportation dearance Tuesdav ni! ht for engineering theory and design as tested by the 1964 Alaska earthquake. Dr. Jacob Feld, New York consulting engineer who investigated the earthquake damage for the Air Force, reported his findings to the Purdua University School of Civil Engineering. He said a controversy had arisen among engineers who investigated for the government and professional agencies over causes of the Alaska destruction and whether criteria for designing earthquake-resistant structures proved sufficient. Dr.

Feld said the most evident lesson was that the criteria were not sufficient, and "a quiet modification of previously accepted design criteria" has occurred among engineering departments 1. It has the lightness of Scotch 2. The smooth satisfaction of Bourbon 3. No other whisky in the world tastes quite like it How light is Canadian Club? FACT: It's the lightest whisky in the world! Bottled in Canada HIRAM WSLKER 5 SONS UMIIH) WAIKERVILLECMW "The Best In The House" 8 in 87 Lands only to clean up the roadside debris so we can enjoy Alaska's natural beauty; your heritage and theirs. These young tykes are ready, willing and able to work for you, too, for a little pin money.

In most cases they do a fine job, once you guide them carefully. Wait 'til you see their smiles of pride after a job is well carried out. It's worth all your efforts, believe me. Forgive me for wandering off my usual column chatter, but I earnestly feel these "young uns," our most cherished possessions, deserve our help and guidance, not just in the school from September to May Dut all year round, every day. Look around, Mr.

and" Mrs. Citizen and see what you can do to make their summer just a little fuller and more meaning and organizations responsible TMu er ana more meamn g' for some of the Alaskan installa- ul th at the may grow stronger tj ons mind and body. Purdue has a special interest Happy summer to all! in the report because it is doing research on stability of structures and their foundations. Much of the Alaskan damage was due to landslides and to the collapse of buildings not specifically designed for resistance to earthquakes. Dr.

Feld said there also was collapse or damaging of buildings designed to resist the lateral forces of earthquakes but weakened by deficiencies either of workmanship (as in the connections of joints) or of the design (as in improper geometric features that resulted in points of stress concentration.) He criticized some reports by representatives of certain New Yorkers Must Ask for Water Law Says NEW YORK (AP) If you want a glass of water in a New York City restaurant, you'll have to ask for it. If you get it without asking the proprietor will be risking a summons to court and a fine UD to $50. The water conservation measure, effective Tuesday, was ordered because the drought is continuing to lower levels in the city's reservoirs. ing materials "proving" their Tne ban on serving water in materials were safest. He said I ra wi save 12 to 15 one of the clear lessons engineers have drawn from the million gallons a day, estimates Armand D'Angelo, commission, TM ater Alaska disaster is that special TM a construction materials manufac-i ctrl tured for stress resistance, if not used correctly in design, provide no more protection any other materials.

than During the past 3te years nearly 132,000 residents in 322 gas and As of last Friday, D'Angelo said, the city's reservoirs were at 56 per cent of capacity -holding 267 billion gallons -one-third below the level at the same time last spring. "The problem is getting more serious each day as the drought communities in 32 states have continues to plague our upstate been assured of water systems watershed area," the commis- through the United States De- sioner said Sunday, a of Agriculture's Farmers Home Administration construction loans. News-Miner Classifieds For Results -456-6661.

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About Fairbanks Daily News-Miner Archive

Pages Available:
146,771
Years Available:
1930-1977