Garden City Telegram from Garden City, Kansas on October 11, 1962 · Page 10
Get access to this page with a Free Trial

Garden City Telegram from Garden City, Kansas · Page 10

Garden City, Kansas
Issue Date:
Thursday, October 11, 1962
Page 10
Start Free Trial

Foreign Stock Holders Have Effect on Wall Street Prices By SAM DAWSON , What (hey think of the prospects \ ics—can have important, if limit- A PBuslness News Analyst ' for^ood or'bad times ahead in the | ed, effect on P rices on Wal1 1 ' NEW YORK (API—In judging United States—the chances of which way the stock market is higher profits or of a profit Street. Foreigners hold U.S. common stocks valued currently at nearly NEW EXCLUSIVE FROM TENDER TEMPTING TERRIFIC INTERNATIONALLY FAMOUS NORDICA COTTAGE CHEESE MARMADUKE likely to jump don't count out the squeeze, the outlook 'or cani \ ^ ^.^ se{[ . _ foreign holders of American com- sains or losses, and partictilaily , f the Mmn of the Suez monTtocks. Purviews ° f j " di """ al com ^ , Canal pin^h on sTrope'seco*o- j my — might be felt in American exchanges. Usually foreign assessment of the situation here lines up pretty much with American investors' ideas. But the view from a distance sometimes can be different. In recent months Europeans have been quite free in offering Washington advice on how to handle its monetary and trade policies. And what Europeans, Canadians and others think of how the American economy is shaping up could be important in setting some future stock market trends. Americans, in turn, hold some $11 billion in common stock of foreign corporations. In the last few years' the volume of these holdings.has fluctuated more than has that of foreign investment in American ventures. U.S. investors wake up late to the opportunities offered by a revived European economy. And recently they have been disappoint- j eel in the downturn of European j stock prices, like those of Ameri- j can stocks, and have cut their j holdings. j International bankers cite the $12 billion of U.S. stocks held abroad and the $11 billion of foreign strcks held here to point the j moral that today the financial i communities of the world are per- j haps as closely tied as are the j international political policies. i While stock investments are the easiest to dispose of, direct investment by foreigners in American business also play an increasing role in the U.S. economy. Such investment—foreign controlled en. terprises here like Shell Oil, Lipton, Lever Brothers, Bowater Paper — has increased in value thre e fold in the past 20 years. It now totals $7.5 billion (this is in addition to any common stock ownership). Americans, however, have about five times that big a direct investment in business enterprises abroad. Such assets now total $34.7 billion. Hey, Mom, come an 1 see the neat trick Marmaduke can do! Heart Condition Slows Roy Rogers AEC Reveals Air Test Plans WASHINGTON (AP)-The United States plans to set off another missile-launched nuclear test miles above the Pacific on Sunday or Monday. The Atomic Energy Commission announced Wednesday that a sub- megaton device — of less force than a million tons of TNT — would be triggered at an altitude of "tens of kilometers." A kilometer is .62 of a mile which would put detonation at somewhere above six miles. The AEC did not specify that the device would be carried aloft by a missile but all the previous high altitude tests attempted in the Johnstrn Island range have been with Thor missiles. The successful shot was of more than a megaton in power and was exploded more than 200 miles high. That massive thermonuclear explosion was visible for thousands of miles, temporarily dis- , rupted communications and created a radiation belt r-'-iging the ! earth that has damaged at least I three satellites. Page 10 Gnnlon City Telegram Thursday, October 11, 1962 Refugees Captured BERLIN (AP)—East German border guards captured three refugees trying to swim the River Spree to West Berlin during the j night, Western police reported today. -Whether buying or selling, use Telegram Want Ads! FIVE POINTS CAFE • is now open under the management of MARIE RHOADES A Delicately, Different Flavor In Reusable Plastic Carton PROCESSED BY YOUR ALL STAR DAIRIES Mickey Wrigifit Elected PHOENIX, Ariz. (AP)—Mickey Wright of Dallas was elected president of the Ladies Professional Golf Association Tuesday. Astronomers generally agree that the atmosphere of Venus contains a great deal of carbon dioxide and very little free oxygen. By BOB THOMAS AP Movie-Television Writer HOLLYWOOD (AP) — How to live with a heart condition is clem, onstrated by Roy Rogers, now doing his first steady work in fo':r years. \ A man-sized job it is, starring j with wife Dale Evans in a weekly variety hour on ABC-TV Saturday nights. It marks for him the completion of the long roa.. back to a full life after a long period of —for him—relative inactivity. Roy's life had a. .ys been busy. As radio singer, then star of Western movies, rodeos and television series, he was one of Hollywood's biggest moneymak- ; ers. He also supervised business enterprises and found time for a vigorous outdoor life. "Then one day about four years ago I was hunting deer in Colorado, about 9,000 feet up," he related. "I had just shot a deer down in a canyon, and I called to the Colorado fellows to bring one of those bicycle Jairs to carry it with. "They came down and loaded it and started up the slop e like they were walking on level ground. I followed after them and I started to get pains in my arms. I thought it was the altitude, but the pains continued when I got back home." Roy consulted a doctor and learned he had an angina, a contraction of the.main artery of the heart. Roy explained that he had three big rodeo dates in Canada and six state fairs to play in the Only a gas range has the wonderful new Lo-Temp oven. Now, for the first time you can cook dinner at your convenience... dial a "keep warm" heat... keep everything at just the right temperature for serving — even for hours. Even when your guests are late, your roast will be juicy, delicious and just as rare as you want it. You'll also use your Lo-Temp oven for warm- TJ TTI f| -p T TTI Q ing plates, heating rolls, thawing frozen foods—dozens T^r/frjnT^T'T} AT of other uses. Be sure to see the modern gas ranges with J\_A.JL U Jtv A. J^i the Lo-Temp oven. D // you live beyond the gas mains f^^ j^ (HM£ see your friendly LP dealer. ^^TjUjL *-_!^ The Oven that waits for the guests! ^jppBPBBHHHnnflnnnflfwvvffl East. Cancel, said the doctor. , The Cincinnati cowboy did. He began a regimen of rest and relaxation that wasn't easy for him to endure. He gave up hunting for sKeet and trapshooting and curtailed his performing to seven or e'ght television hours a year. Gradually he was able to do more. This summer he and Dale went out for a few fair dates in the East. "On the way back, I stopped at the Mayo Clinic for a checkup," he said. "The results were excellent. In fact, they told me that unless they had known my past history, they would have thought I had always been in perfect health." Hogs Hog Wfiofe House BELLEVUE, Ohio (AP) — The hogs were hogging the whole house after a truckload of them smashed into the home of Mr. and Mrs. Gary Weller. A truck trailer loaded with 126 hogs crashed into the two-room house on Ohio 18 near here early Tuesday, demolishing the house and dumping several hogs in bed with the Wellers. Twenty hogs were killed. Weller and his wife, Carol, both 20, were treated at a hospital for shock anj abrasions. James Kessler, 21, of Carey, the truck driver, also was treated and released. WORLD'S "FARE" SPAGHETTI Oven Temp. 350° F. I'/j cups (6 ounces) Gooch's Best Cut Spaghetti V'2 cup diced green pepper Time: 25-30 Minutes Yield: 6 servings 1 cup grated process American cheese 1 /4 teaspoon crushed rosemary leaves 1 teaspoon Worcestershire sauce 1 teaspoon prepared mustard 1 3'/2-ounce can French fried onions cups(about one pound)cubed ham 1 tablespoon instant minced onion 2 tablespoons butter or margarine 1 can dOVi-ounce) condensed cream of mushroom soup Cook spaghetti as package directs. Drain. Melt in skillet butter; saute green pepper, cubed ham and instant onion for 5 minutes. Combine soup, milk, cheese and seasonings. Heat over medium heat until cheese is melted. Stir in green pepper-ham mixture. Place the cooked, drained spaghetti in a greased 2-quart casserole. Pour the sauce-mixture over the spaghetti and mix lightly. Bake in moderate oven (350 ) 25 minutes. Remove from oven, sprinkle top with trench fried onions, return to oven and bake for 5 to 10 minutes longer or until onions are golden brown. Developed by the (roock's'Best Tke clean-clear of Qualitij tkrouqldke paeka ' I ..^MMKJHSI "BETTER BECAUSE IT'S BLENDED" GOOCH RED CIRCLE STAMPS TOO! All Our Meat TUIC \A7CCI/ CDCfMAIC Solicited State Inspected „„ .,._ , Lost yesterday — somewhere between sunrise and sunset, two golden hours. , . Each furnjs'hed with sixty diamond minutes. No reward is offered for they are gone forever. Tender Juicy Sirloin Steak N.o Waste Minute Steaks Good and Choice Beef Mind Quarters Lb. Lb. Locker Ready ... Lb. Whole Hog Sausage Lb. ALL MEAT Bologna By the chunk 3 Lbs. or more Lb. 41 55 SMITH PACKING CO. Inc. South Evans and Fulton Garden City Headquarters for Grain Fed Beef and Pork! STORE HOURS: 8:00 A.M. to 6:30 P.M. Monday thru* Thursday 8:00 A.M. to 7:00 P.M. Friday and Saturday COAST.TO.COAST STORES COAST-TO-COAST STORES 938 STORES IN 21 STATES AND STILL GROWING! "SALE STARTS TOMORROW" FREE? WINDSHIELD!! SCRAPER For 12 Volt Cars Battery Booster CABLE SET 8 feet with copper clad clips. Can be used on 12 volt systems. For quick, convenient start- Ing of stalled carsl 6 AND 12 VOLT CARS 8 FOOT 4 GAUGE ALUMINUM WIRE* ••••••••••••••••••••••••ti**i 12 FOOT COPPER SET EXTRA HEAVY DUTY 12 FOOT CABLE SET Compare af $2.50 * OO .$9.95 .lips to ear vlior. Just ask for It In our Automo II v« Department. Heavy Duty STAPLE GUN Plastic Ova/ LAUNDRY BASKET Has sturdy solid bottom to hold those extra large family washes! Assorted modern colors to fit In your kitchen or laundry room! 1/4 Inch Black and Decker DRILL 4 Amp AUTOMATIC BATTERY Toosfmosfer 2 Slice $13.50 o or 12 volt batter* charger has accurate ammeter. Will charge battery, overnight! Compare at $19.95 Color selicTor for toast a* you like Itl Modern styling, chromei finish. 1.9 amp motor, 2250 rpm In U/L Industrial* ly rated drill. Features a longer, "Cycolac" handle for more grip control! Po/yef/iy/ene Kit for STORM WINDOWS Reo /£)> PKG - POR 29(1 &r 2 WINDOWS Two 36 x 72 inch transparent polyethylene sheets. 36 feet of fibre molding and nails In each kit* War erp roof SCREEN DOOR 36 x 84 Inch cover with sewed-ln plastic windows^ Nails and binding Included. Powerful drive, easy to operate, jam proof! All steel construction and chrome finish. Men's CHORE GLOVES tf PAIR Man's protective chore gloves of 12 ounce Canton Flannel. BY DOW CHEMICAL COMPANY PERMANENT ANTI-FREEZE 50-50 mixture antl. freeze protects to 34 degrees below icrol One filling laits all winter. Guaranteed to give same protection as products selling at high as $3.251 LARRY KLIESEN'S COAST-TO-COAST STORE 120 E. Chestnut CO AST-TO-COAST t STORES

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free