The Daily Plainsman from Huron, South Dakota • Page 4

I I A Bumper Crop Predictions Follow Rains Arriving At Crucial Times It the bumper crop predicted for South Dakota farmers materializes at harvest, it will result in an economic 1 "shot in the arm" for the state. The Crop and Livestock Report- ing Service said last week that the wheat production of 57,295,000 bush- els expected this year would be 46 per cent above last year's harvest and 68 per cent higher than the average 'production in 1961-65. A corn crop yielding 9 per cent more than last year, an oats harvest 25 per cent above a year ago, barley yields 26 per cent higher and hay crops 11 per cent greater are alsp expected. South Dakota's good fortune is part of the national crop picture which is indeed bright this summer. Nationally, grain harvests are ex- pected to be 7 per cent higher and corn 8 per cent higher than last year when the corn crop was a record setter.

Fearful In Strength Man' has been obsessed by fear since the beginning of time. Even in a presumably enlightened age, fear motivates the action of men and na- tions. Regardless of whether they are willing to admit it, the peoples of the free world are in great fear of Russia, and have been since the end of World 'War II. There has been a feeling that eventually a situation will develop that will'lead to World War III. Sometimes Russia, as it did in impressive air show in Moscow, makes a display of military might and One factor in the higher harvest predictions, of course, is the increase in acreage allotments for grain and corn.

Planting regulations were changed in an effort to stimulate food production this year. But another factor in South Da- kota's bright outlook, which is state- wide, is tlie weather. The June rains, while not great, came at crucial times in the growing season. Again South Dakota farmers will be bringing in a crop because Mother Nature pro- vided the water when it was needed. The bumper crop could be a spur, to irrigation development because the timing of the rains demonstrated the results that follow when water'is available at the crucial season.

Through irrigation, farmers can free themselves of dependence on the unreliable clouds and weather and can assure South Dakota of a bumper crop every year. air power for the obvious purpose of inspiring fear. But this is no reason to lose all sense of proportion and surrender the initiative'to Russia. Fear has a tendenpy to invent disaster which, if faced with cpurage, vanishes in the light of the facts. The times call for courage, not fear.

Fear of the consequences can- not be permitted to determine this country's attitude toward Russia. This nation does not want expanded war, but it must be secure in its own strength, or discover it has no strength. Editorial Of The Day Taking The (Rapid City Journal) A journey of 1,000 miles begins with step. If the journey is to be completed (he dream fulfilled succeeding steps must follow. The initial step has been taken in an effort to overcome Ihe neglect and halt the deterioration of downtown Rapid City.

The American Institute of Architects' Community Assistance Team has recom- mended a "crash" program be instigated immediately to give tangible evidence that "you believe in Rapid City and are proud of Rapid City." In response to Ihe constructively critical survey of the city made by the team of visiting architects, a small group of busi- ness and professional leaders met to or- ganize the "nucleus for a community ac- tion-oriented" executive committee. The committee's purpose would be to imple- ment a renewal program and establish goals, primarily in the downtown "core" of the city. Step Intpn.1 of the small group of community leaders is good. Spurred by the realization a problem exists and accepting the idea of wjntjng to do something about it, they look tfte first step. tliey are moving cautiously, however, ifl order to organize a committee that Would devefop a "quality crash program," as rather than a helter- skelter project.

But time is short and the stakes are high. More than renewal is involved. Bearing on the downtown situation are the location of the new federal building and the new post office, as well as the outcome of an appeal for adjustment in equalization on downtown property. The journey might be long and not necessarily smooth. But the challenge has been made and the trip is necessary.

Succeeding steps to be taken will have a decided influence on the future of down- town as well as the entire community. Hour Money's Worth: Ten Top Favorite Stocks By SYLVIA PORTER The stock which is so widely held and in such heavy volume by investors, big and small, institutional and individual, that it must be ranked the no. one favorite is American Telephone. It is the only stock of the 1,262 com- mon stocks listed on the New York Stock Exchange which appears In the top 10 favorites of each of these -six major in- vestor categories: Professionals managing institutional portfolios; little fellows buying stocks regularly under the Monthly Invest- ment Plan; the Ford Foundation; important college endowment funds; stocks most ac- tively traded in round lots (blocks of 100 shares); slocks most actively traded in odd lots (blocks of less than 100 shares each). AMERICAN TELEPHONE slock recent- ly hit a new low price for 1967.

The New York Stock Exchange average of all listed stocks recently approached a new all-time high. The slock in second place as an across- the-board favorite is General Motors. This stock appears in (he top 10 favorites of all but one of the six major categories single non-holder of General Motors being, amusingly enough, the Ford Founda- tion). General Motors is now Irading well be- low its all-time high price and also below Us 1367 peak. TUB STOCK RANKING third, in value of holdings, is Standard Oil of New Jersey.

It appears among the 10 most popular stocks in all but two major categories. The two exceptions arc: The most actively traded stock in round and the most actively traded stock in odd lots. Standard Oil of New Jersey also is well below its historic high prices, and mind yon, these performances are taking place while (ho NYSE's average hovers near a KTurcl In short, "invoMors have Irecn putting heavy accent on Ihe bin. solid companies of our country and many of these have not been gr-ilmg the attention a glamour is-ues according lo William I). Ilor- editor of Hi? Hoard's a a i I'he i i At my Morgan li.lii pul tin 1 a lulls i i i ni i i i uf i i a i i groups to create a new list of the top 10 favorites across-the-board and now we were analyzing what our new list meant.

To end your suspense, below are the 10 most popular stocks. Millions of investors decide "how the is doing" by the action of any or all of these 10. To millions, these 10 are "the market" and headlines about the spectacular movements of the glamour stocks are headlines about some- one'else's holdings. AS YOU WILL NOTE from this startling list, there's an enormous contrast between what's happening to real life investors and what's happening to the broad stock aver- ages. Stock All-time Price high American Telephone 75 515 General Motors 11334 Standard Oil, Jersey IBM 511 503Va General Electric 120V4 Eastman Kodak 144V4 Mobil Oil Sperry Hand 3714 33 Ford 51 Chrysler Each of these 10 favorites represents a corporation in the so-called Billion Dollar Club, meaning it has annual sales or rev- enues of billion or more.

By no strelch of the imagination could any of the 10 be considered a newcomer. The action of Telephone can be ex- plained by the Federal Communications Commissions' ruling on Telephone rates. The action of the aulo stocks can be ex- plained by adverse earnings developments in the industry. In each case, you can find some plausible reason for the individual slock's performance. But when yon pul the list of 10 together, you gel a picture which is so different from Ihe average of all listed slocks I a you must -seek a large explanalion.

THAT EXPLANATION obviously is Ihe spurt of speculalion and outright gambling in slocks by a smaller group of i i i a and institutions. For Ihem, Ihe market is in "the wild blue yonder." For Ihe rest at us, it's hack here, carthhound. i i i i by i i i i i a A Itifibls Kcscrvctl). Inside Report Big Hurdle Confronts President In Tax Hike '1 Still Have my The Plainsman's Today is Tuesday, July 1.8, the day of 1967. There are 166 days lefl in Ihe year.

Sunset today 9:13 p.m. Sunrise tomorrow 6:05 a.m. tqn.iprrpw 3 3 3 a.m. Full 'M'QPII 21 Prominent Star Arcturus. in the west 12:34 a.m.

Venus, low in west p.m. Mars, in the south- west 10:24 p.m. Saturn, low in east a.m. day in On this date in 1910, President Franklin D. Roosevelt was nom- inated unanimously for a third term by delegates to the Demo- cratic Convention in Chicago.

In 1914, the U. S. Army cre- ated an aviation section within the Signal Corps. In 1932, Hie United States and Ca.pa.da. signed treaty for the deyciofliflent of the St.

Law- rence River into an ocean lane and power project. Opposition delayed actual copstruction un- til 1954. In 1947, President Harry S. Truman signed the Presidential Succession Act. In 1951, Jersey Joe Walcott knocked out Ezzard Charles in Pittsburgh to win the world heavyweight boxing champion- ship.

In 1963, President John F. Kennedy asked Congress to im- pose a tax on investments abroad to ease dollar drain. In 1964, thousands of Negroes rioted in Harlem the shooting of a Negro youth by a white policeman. In 1957, French Premier Mau- rice Bourgess-Maunoury re- ceived a 280-138 vote of confi- dence from the French National Assembly on his call for special police ppwers to conibat Algeri- rebel terrorism in France. jn 1962, Military leaders over- threw tjie government of Peru.

In 1966, renewed violence wracked the Negro area of Hough on Cleveland's East Side. TEN YEARS AGO TODAY Hank Scheid's Huron Junior Legion team brqkp into the win column for the first time this season, as they trimmed host Watertpwn 12-8 with pitcher Nick Brod going the seven-inn- ing route. Roscpe Driimmond Use Of Poison Gas By Nasser Poses Question WASHINGTON There is mounting and objective proof that Egypt is using poison gas against Ilie Arab rebels in its intervention in the civil war in Yemen and was equipped to do so against Israel. This heid.ous crime so far lias ripj seemed to outrage the con- science of mankind perhaps because it perpetrated in obscure places and little publi- cized. has not yqi sUractcd the interest of the United tions.

THE EVIDENCE that poison gas has been used by the United Arab Republic against villages in Yemen is persuasive border- ing an (lie conclusive. It raises the most ominous international questions: Where is President Nasser getting his poison Can Egypt itself nrofliiqc poi- son gas iii quantity lor military use? If not, is it bein.g avail- able to the U. A. R. from put- side? Is the Soviet Union providing Egypt vyith poison, gas afld thus condqning ifs use? Is lied China, which has been assuring the Arabs they could haye Anything and everything Ppting has to prosecute their wars, meeting part of its prom- ises with poison gas? At ttlis.

stage we cannqt he of answers to any of these questions, but they de- serve to be asked in view of the fact that deaths Irom poison gas have been verified after raids by Egyptian planes. THE PROOF is this: Two doctor-members of the International Committee of the Red Cross Medical Mission went to the Village of Gabor in North Yemen following an ap- peal for assistance from inhabi- tants who claimed that their villages had been under gas at- tack from airplanes on the morning of May 10, 1967. The doctors examined four surviving victims and a corpse fpiir days after death. They submitted a formal, written re- port to the International Red Cross and in it gave the testi- mony of witnesses who said th'at 75 persons died of poison gas shortly after the Egyptian raid. The two Red Cross physi- cians, Dr.

Raymond Janin and t)r. Willy Brutschin, confirmed this testimony in these words: ''The statements made by witnesses who escaped from the raid unharmed in respect of the circumstances in which 75 inhabitants were killed are con- sistent with the International Red Cross Medical Mission's own findings by examination of the four survivors and the corpse exhumed from one of the common graves." THE HUGHS!) TEST of this report was published for the first time in the U. S. News and World Report. Us findings were confirmed by the medical re- port from the University of Bern of Forensic Med- icine.

There are additional (acts. A few days ago the Washing- ton Post published the following frnin Aden: persons were killed poison ga.s and bombs dropped on a Yemeni village by Egyptian plant's, British intellicrnre sources here reported. They said the attack on the royalist-held village of Ben a in took place on June 2." The Israeli government has announced that following its pverrtm Egyptian forces ic gas 'containers were foiind in the Sinai." It scorns to me that evidence that Egypt been employing poispn gas is sufficiently 'sirqng that it can no longer he ignored by the United Nations or by the conscience o.f concerned people. IF THE UNfi'Ep NATlQfjS can help bring about a truce in the war between Egypt and Is- rqel, isn't il possible that it could bring about a jialt of ser's use of poison gas against other Arabs in Yemen? And sqme effort should be made to determine what country is the source of supply. (c) 1967 Publishers-Hall Syn- dicate By ROWLAND EVANS And KOHEKT NOVAK WASHINGTON Although the White House may not fully rea- lize it, President Johnson will get no tax increase from Con- gress unless he docs a master- ful job of converting Capitol Hill's Mr.

Taxation: Represents, live Wilbur Mills of Arkansas. Mills hold life-and-dealh pow- er over the tax bike not ou.ly as chairman, of the House and Means Committee but as the most prestigious figure to- day ia the House of Representa- tives. As usual, Mills won't lake a public position until the bat- tle begins. But it can be report- ed he privately is, for now at least, deeply inclined against a big lax boost. WHAT HI AXES this so critical is that any tax increase bill would be defeated on the floors of both the House and Senate today.

An anti-tax bloc of budg- et-conscious conservative Re- publicans, Democrats worried about the economy, lax reform- el's, and anti-Vietnam doves to- day constitutes a majority of Congress. This bloc can only be dispersed if Mills becomes a staunch supporter of the Presi- dent's tax increase. But Mills has lost confidence in the New Economics as practiced by President Johnson and his economic advisers. Starling with the early ro- dliction in exjsc taxes (opposed but later acquiesced in by Mills), Mr. Johnson has been ill- advised on all his sharp shifts and turns along the fiscal road, in Mills's opinion.

And when, a few months ago, Mr. Jahnso.n called for restora- tion qf Ihe investment (ax credit (a subsidy to lipost industrial ex- pansion) because of fears the economy was slumping, Mills was openly suspicious of Whije economic forecasters, lie M'cnt along with the proposal only after the President protnis- ed him to reduce a few bjlljon in federal spending. TIIAT the White House ecmipniisis have switched ground a.nrj renewed (heir call for lax increases. Mills won't be easily convinced. Noting that many key economic indicators es- pecially unemployment--point dovvnward, Mills privately won- ders whether the economy is ro- bust enough to withstand a tax boost.

He and other thoughtful members of the anti-tax bloc feel Ihe administration's econo- mists rely lop much on Time To Worry (Wall Street Journal) The chairlady of a suburban literary society cornered guest speaker, a famour writer, and gushed. "Have you ever written anything that you think will live after you've gone?" "Madam," he replied, "what I'm trying to do is to write something that will enable'me to live While I'm here." APPROPRIATE ACTION Sioux Falls Argus-Leader: The administration's action to reduce i of dairy products to approximately one- fourth of their present volume is appropriate. The only ques- tion most dairy farmers would ask is why didn't the adminis- tration act sooner. It is expect- ed that the action by the admin- istration will result eventually in an increase of milk prices to consumers, of 15 to 80 cents a hundredweight. There should be no quarrel with this.

The farm- er hasn't been getting his share of the affluent society's prosper- ity. Gross National Product, ever rising but perhaps misleading. Given this attitude, it would be understandable if Henry 11. (Joe) Fowler, the amiable sec- retary of the Treasury, were camped on the doorstep of his old friend, Wilbur Mills. The facts are quite the contrary.

Mills has not been approached about taxes by anyone from the administration for weeks. Nor has the powerful Senator George Smathers of Florida, second ranking member of th" Senate Finance Committee wlvj shares Mills's concern whether the economy can take a tax in- crease. Nor has Senator William Proxmire of Wisconsin, chair- man of the Joint Economic Com- mittee and an inflexible foe of higher taxes. Nor has just about anybody else on Capitol Hill. THE REASON MAY be a vicious circle for the President.

The White House has not decid- ed just how much to ask for in its renewed call for higher taxes and doesn't want to talk to the congressional lax-writers until (be decision is made. But the longer Mr. Johnson waits, the harder it will be lo convert Mills. In fact, old Capitol Hill hands believe at least three months of intensive drumbeating is neces- sary lo put Congress in a frame of mind to raise taxes. That means the effective date of October 1, 19G7, once desired by )yhitc economists, is out of the qtieslion.

Higher taxes will not become effective prior lo a a 1968, and act.ual pas- sage not come until well into As we reported last week. Mr. Johnson hajs secretly ordered all civilian agencies of govern- ment to prepare 15 per cent across the hoard decreases in civilian spending in order to make higher taxes more palat- able In Congress. But those who, like and Smathers, worry about the iinparl of higher taxes on itie spqlly economic picture, will not be converted by sim- ple budget-cutting. the trouble Mr.

Johnson faces in getting Con- gress Ip swallow a tax increase underlines the extent lo which ho has lost his once-deft: touch in legislative affairs. A few short years ago, he would havo perniilled neither the growth of the anti-tax bloc nor the possi- bility that Wilbur Mills might be its commander. (c) 1(167 Publishers Hall Syndicate. Open Forum OPF.N FORUM LETTERS C(i(itribuliofl5 to, the Open Fonjifl lie accepted, frqin residents of Central South Da- kola on topics of general in- terest. All 1 11 must be within the 3(10 word limit on length.

URQES BETTER, SERVICE To The Editor: To the businessmen of Huron: As a subscriber to The D.aily Plainsman I have read numer- ous accounts about your efforts to improve your city and at- tract industry, etc. Maybe you should attempt to attract cus- tomers or at least keep the ones you already have. I am a rural housewife with three children. Yesterday we arrived in Huron at 1:45 and left at 9. My oldest daughter (12) had a small check written by her father for work she had done in the field.

She purchased school clothing but I had to pay for selections in two stores be- fore she made 3 very small pur- chase in a locally'owned store- and they cashed her check with no questions asked. Yet I have stood in line while younger chil- dren than she have charged items. No one checked to see if the account was current or if it was a name out of the clear blue sky. I know you have checks bounce but the charge accounts you don't collect are figured in your cost of operation too. My eight year old daughter has been taught to wait her turn.

She was trying to make a purchase with two $1.00 bills in her hand. The out girl waited on at least lour people around Ihe counter even thoug' 1 my daughter was right in front of her before we finally rescued her and got the purchase paid for. Cash and courtesy didn't help a bit. At 8,:40 by the clock on the bank i took my 6 year old son to the municipal lounge. The men's rest room was locked.

All the bliqds were drawn on the ladies rest room by the time I found out what he was crying about. An hour earlier my girls had found a closed sign on what is supposed to be a public rest room in one of the department stores. This is not a blanket criticism of your business places. We're getting narrowed down lo those giving us "service wilh a smile" and it won't take nearly so long now to shop in Huron. We will patronize about half the stores downtown and if we can't find what we need there we can always go to another town.

A Forestburg customer The community of Carthage which Sunday formally dedicat- ed Carthage Lake rebuilt through cooperation of the South Dakota Department of Game, Fish and Parks when the old lake was destroyed by flood- waters in 1963. TQ COIN A PHRASE America may not have a good five-cent cigar, but it certainly has a good nickel quarter. The Ellicottville (N. Posl THE DAILY PLAINSMAN UNT1.NUINU THE A I I Established January 4. 1HE6 They'll Do It Every Time By JIMMY RATLO Tuesday, July Volume 'Odd cn-M fuMujit! paifl at Huron, South Dakota.

Sli Issues including Sunday. (No Saturday), a I'LL PICK YOU UP IN ABOUT TWENTY MINUTES- HOW, BE QUIET IN THERE- NOT LIKE YOU'RE MOTHER DRIVES THE KIPS TO THE LOCAL LIBgARY THE MAYOR ISSUE To The Editor: In regard to the recall of Mfjyor Schmidt, I'd like to put in my "two cents worth." I'll admit when he first ran for mayor I voted against him for purely personal reasons. Now, I would have to vote for him be- cause I realize the man's poten- tial as a public servant. I vote for the man, not his personality. It isn't right for a few citi- zens to circulate petitions for a man's recall and give no rea- sons publicly for their actions.

It is not fair lo condemn a man unless lie has had his "day iu court." And our government al- lows the most depraved crimin- al that right (nothing personal, mayor.) The people who circulated the petitions evidently didn't have the courage of their convictions they were loo cowardly lo attend or semi a rcprespnlativ lo slate their case and Mayor Schmidt, a chance () i IniUnl. So I think llic of II-'- ron hear both sides an give llic mayor his chance. A special election costs tl city plenty of money and voters should know reason for it. Mayor Schmidt lias a jinod boartl of commUsioiu'rs a though they prohahly often dis- agree i i I doubt vcr. much if bo could the coop- eration he gets from Ihcm by threats.

1 a born critical of Huron of I en but never ashameii, ami alway.s proud. I i the manner in which the.se. petitions have been eircu will help a than a Mayor Schmidt. Dmi'l you i wo xhonli! the man a a i i on nimorV. 1 A i i and i Flrrl SUnton.