The Indianapolis Star from Indianapolis, Indiana • Page 8

THE INDIANAPOLIS STAR- PAGE UNCLE RAY: Borrowing Goes On Despite Interest Hike MONDAY, MARCH 14, 1966 (ADVEKTISEMEXT) Science Shrinks Piles New Way Without Surgery Finds Healing Substance triat Relieves Pain, Stops Itching as it Shrinks Hemorrhoids present has been fueled large ly by borrowed money. Con What Is The Reason For Sundog Appearance? cent to an all-time high of 5'4 per cent. Eventually, those higher sequently, economists are concerned about what will happen when the supply of fuel is basic commercial bank rates By RAMON COFFMAN will reach across the economy Sundogs (sometimes called "mock are mentioned in this question from a sixth grade: "What causes sundogs?" shut off. The chief regulator of credit the economy's fuel is the Federal Reserve. During the five-year expansion the Reserve kept money pumping into the economy by a variety of means.

The ex-p a i occurred without serious inflation. A sundog is caused by two New York (AP) The price nf money is soaring, but so far it docs not appear to have dampened the enthusiasm for borrowing In the nation's credit-fueled economy. In fact, it is the continuing demand for money to borrow that has caused the interest rate structure to reach for new 20th Century highs. But as the cost of borrowing rises the question recurs: At what levels do interest rates restrict economic growth? Discussion of trie question got livelier last week when a number of major commercial banks jumped the rate they charge their most creditworthy customers the so-called prime rate from 5 per NeW York, Y. (Special) For the.first time science has new healing- substance with the astonishing- ability to shrink hemorrhoids, stop itching, and relieve pain without surgery.

In one hemorrhoid case after another "very striking- improvement" was reported and verified by a doctor's observations. Pain was relieved promptly. And, while gently relieving pain, actual reduction or retraction (shrinking) took place. And most amazing of all tlii imnrovpment was main circles or halos which inter seems to exist around the moon. The truth is that the circle is close to the earth, say from two to four miles above the ground.

The moon, on the average, has a distance of about 239,000 miles from the earth. For SCIENCE section of your scrapbook. School classes are invited to send sets of five questions to Uncle Ray in care of The Indianapolis Star: The teacher sect, or cut through, each other. The circles are made However, West Germany, which has had a consistently high rate of economic growth in recent years also has extremely high interest rates, running as high as 7 per cent for corporate borrowers. In the United States the general attitude is that high interest rates are not necessarily restrictive.

Corporate borrowers, for example, can project earnings against borrowings. If a corporation operates on a slim margin of profit, it may not borrow at high rates for capital expansion. But firms with high profit margins can still afford to borrow. Consumers historically are undeterred by high interest. Buyers of cars, television sets and similar items on time regularly pay 11 per cent or more.

HOME BUYERS also usually merits have ceased to a problem!" And among- these sufferers were a very wide variety of hemorrhoid conditions, some of 10 to 20 years' standing. All this, without the use of narcotics, anesthetics or astringents of any kind. The secret is a new healing substance (Bio-Dyne) the discovery of a world-famous research institution. Already, Bio-Dyne is in wide use for healing injured tissue on all parts of the body. This new healing substanc is offered in suppository or ointment form called Preparation.

H. Ask for individually sealed convenient Preparation Suppositories or Preparation Ointment with special applicator. Preparation is sold at all drug counters. pushing up the costs of borrowing for such things as houses, cars and television sets. But despite that there is no sign of a letdown in demand.

There are signs, on other hand, that the demand for money is beginning to outrun the supply. Economists have predicted in recent weeks that on the basis of present demand, there will not be enough free funds in the economy this year. The unprecedented five-year economic growth up to the by sunshine under certain conditions. Most often they are seen in northerly parts of Europe, Asia and North But going into 1966 the situation was different. The domestic expansion continued, but superimposed upon it was America.

Sailors have reported time tained in cases where a doctor's observations were continued over a period of many months in fot toiiH wpr so thor the Viet Nam war. Inflation and again that they have seen sundogs while on the Arctic should select the best questions from among those asked by ary pressures developed. If the Federal Reserve con ough that sufferers were able Ocean or the North Atlantic, their pupils, third to ltth to mak such astonisning siate- tinued to flood the economy grades. For the best group of The "dog" part of the name arose because these objects "follow the sun" as dogs with all the cash and credit it could use, competition by the public and industry for questions, Uncle Ray will award a BO-volume set of the STAR and HEWS Quick-Action WANT ADS Get Fast Results' might follow a hunter. World Book Encyclopedia.

ONCE A YEAR DRAPERY DRY CLEANING SALE (Copyright ltM) ARE times when three or more circles are made by the sun at the same time. are undeterred by interest costs. The National League of Insured Savings Associations said a survey of its members showed they expect home mortgage rates to be as high Sometimes, tne sundogs are colored strongly. as 7 per cent in some areas by the end of 1966, against a level of less than 6 per cent now. available supplies of food and materials could lead to inflationary bidding in the market place.

CONSEQUENTLY, early in December the Federal Reserve authorized across-the-board interest rate boosts as a step toward heading off inflation. Also, the reserve has kept a tight check on credit. Though it has not reduced the supply of credit in the economy significantly, the growth of demand relative to credit for practical purposes Discount Michael Greenebaum, a member of the Federal Home Loan Bank Board, said in Dal lyl SHOP TODAY 12 NOON 9 P.M." 9' o)(j)l0 7 fn)rn)TT3 fl las last week "most experts see some improvement in the housing market" despite a rise in mortgage rates. In the long run," Greene baum told a savings and loan Fast Strvic No Extra Chorg Estimates MaU Without Charge Decorator Fold No Extra Chart, Pick-uo and Delivery Sorvico No Extra Chora NOW IS THE TIMF TO HAVE DRAPERIES CLEANED AT A BIG SAVING Call 784-2401 FOR BONDED ROUTEMAN OR TAKE THEM TO ANY OF OUR CONVENIENT STORES conference, "there will be a tremendous demand for new construction and for additional mortgage financing." A pair of sundogs. Bits of ice in the sky can divide sunshine into colors in ON mucn tne same way it is has had the same effect.

The further interest rate increases last week reflected the increasing tightness. Many economists believed it was just a question of time before the reserve board authorized another jump in its discount rate, the basic rate from which all others are scaled. Do high interest rates alone dampen economic growth without other restrictivt action? Most analyses are Inconclusive because in the U.S. higher rates imposed to slow expansion have been accompanied by other restrictive steps. divided by the drops of rain which make a rain bow.

This explains why some sundogs are colored. Q. What about the halos which sometimes surround (or seem to surround) the A. These circles of light are produced when moonlight strikes a mass of air containing small pieces of ice. Then we observe a big circle which Krports $30 Holdup Joseph Schulz, 23 years old, 402 East Orange Street, reported to police yesterday that he was robbed at about 4:30 a.m.

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