Garden City Telegram from Garden City, Kansas on October 24, 1962 · Page 6
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Garden City Telegram from Garden City, Kansas · Page 6

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Garden City, Kansas
Issue Date:
Wednesday, October 24, 1962
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Page 6
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Stock Mart Governed by War Scare' By SAM DAWSON AP Business News Analyst NEW YORK (AP)—The war scare as it grow., or ebbs in coming clays will rule the st6ck and commodity markets. Stock prices tumble if war seems imminent or, worse, if it starts. Fear of what war will do to peacetime industry sends price of stocks of consumer product makers tumbling. What passes for prosperity in wartime is quite different from the real thing in peacetime. But a scare, if it seems to be no more than that, can bolster stocks of companies that traders guess— they can't always bo sure—will get increased military orders and profit from them, or can convert quickly from consumer to defense production. Actual war disrupts stock markets everywhere. After the outbreak in 1914 of World War I the New York Stock Exchange was closed for four and a half months. Commodity prices usually rise sharply at the first hint that world trade routes may be clipped, or that businessmen will be rushing to stock up on supplies before they become scarce, or that housewives will buy anything from food to appliances they fear may be rationed. Sober second looks may change this. At the time of the Korean War, American housewives went on a scare buying binge, despite assurances that the war was too small to disrupt consumer production or to tax production facilities. Only after food began spoiling on the shelves did sonu of them learn that all they had done was send prices up needlessly. Stock traders will be busy trying to guess how serious the quar- | antine of Cuba will be—what the j reaction of the Soviet Union or of i some of our allies shipping goods to Cuba, will be. If the United States succeeds in calling Soviet Premier Khrush- chrv's hand, there well may still be an aftermath of a bigger buildup in U.S. defenses. There is almost sure to be a belief among American businessmen and consumers alike that troubl will be just that much more likely in oth- | er parts of the .vorld where | Khrushchev tries to regain face. ! Paring industrial material ; stocks tends to stop even when a war scare turns into a shaky peace. Buying of consumer goods, | already planned, may b« delayed ; no longer by many families. While Americans are trying to decide how serious this war scare is, or while they're waiting for the Soviet Union to react—in deeds, that 1 is, not words—many are expected to follow the usual pattern. The timid will sell stocks, preferring cash in hand. Others will stay on the sidelines and put off any buying plans. Some will look for stocks they think will profit from a defense buildup. Few sober observers will argue there's anything healthy about the fever-glow of wartime activity or of massive defense buildups. PONYTAIL ;© King Fratam SnOoto, Inc, 1M2. Worid rlrtta ntenti. AROUND ffCKE 60AteWH0<^. JUST THAT meFWONe-£XT£N$JON CORP." Pacific Air Tests Hit by Troubles Most domestic safflower is grown in California, Montana, North Dakota, .Nefer&ska, Colorado and other Western and Mid- west^rn states. HONOLULU (AP) - Tonight's scheduled high-altitude nuclear blast above Johnston Island and another test planned for Saturday may bring to a' close the trouble- plagued Pacific nuclear series. Both tests originally were scheduled 24 hours earlier but wer e pushed back because of technical difficulties. There was no further explanation. Time schedule for the shots is a five-hour period beginning at 2:30 a.m. ESI. Join Task Force 8 officials de- clined comment on whether Saturday's explosion will be the last. However, a spokesman said a week ago only three tests were authorized in the series that resumed this month. The United States exploded the first of the shots last Friday. That blast was the size of the atom bomib that leveled Hiroshima in 1945. Tonight's test vrill be in the sub- megaton range, equivalent in power to between 20,000 and one million tons of TNT. 43 U.S.D.A. Good CHUCK ROASTS U.S.D.A. Good SHORT RIBS u35c CLUB STEAKS » 85c Fresh Country Style SAUSAGE Ib 35c Center Cut PORK CHOPS u73c for Jack-O-Lanterns PUMPKINS Lb. Only 5 Ellis CHILI w/BEANS 2 Cans 49t Food King BLUE PLUMS "£? 25c Shurfine CRANBERRY SAUCE 2 Cans 39C Snyder's CATSUP 14-oz. -17 Bottle | /C ENCYCLOPEDIA TO and 11 on sale this week. Only Morton House Frozen PIES Best Pack Frozen FRENCH FRIES 2 Pkgs Creme Sandwich 29c 29c 39c Pest Pack Breaded Portions PERCH £i539c Jolly Time Jiffy CAKE MIXES Choc. - White - Yellow lOc COOKIES POPCORN New METRECAL SOUPS 20-oz. Regular 39c ... Can THIS COUPON IS WORTH 40$ TO ^YOTT TT 40 SPECIAL WHEN YOU BUY A 10 OUNCE JAR OP INSTANT FOLGKR'S COFFEE Clip this coupon, and present with your purchase of a 10 ounce jar of ^ INSTANT FORGER'S g=g COFFEE T y^'V PRICE 69' with coupon (coupon to«A voJn«; J/JO of H)A . ir>/v Coupon Good Oct. 25-26-27-28 only! Only wOC Home-Made POTATO SALAD Jerry says, OO^ "It's real good" OYC Beacon Blankets o.i,'4.79 Armstrong Festival Ice Cream i ga , 49c Pilhbury Biscuits o cn "5c Golden Yellow Dog Food 3 c^ 23c BANANAS Missouri Delicious APPLES Only 1UC Lb. Only McClure 10 POTATOES 10 £ 25c SPUDNUTS FRESH Delivered to our store 4 times daily! SPENCERS FOOD STORE OBNEEIOTM 6, JONES ShurfiiM FLOUR 25 Lb 809 1 75 No Relaxation in Cuban Coverage NEW YORK (AP) — Network television and radio is doing a responsible, carefully restrained job of keeping the American public informed during the crisis over Cuba. There has been no relaxation in coverage since the President's broadcast address Monday night. A constant stream of special news reports, programs and bulletins which have interrupted entertainment programs have kept us up to the minute. Some of the bulletins did not report new developments but were welcome-reassurance that nothing new had occurred- Television had its cameras on Ohe meeting of the United Nations Security Council, the session of the Organization of American States and on the facade of the White House. From points where television could not set up cameras, it brought in the voice reports of its correspondents. The correspondents stuck close to the facts, refraining from theory or prediction. They were uniformly serious, concerned and, thankfully, calm. There must be some dancing in the corridors today at CBS. The authoritative Nielsen ratings, estimating audience sizes, were released Tuesday—with "The Lucy Show" in the No. 1 position. What's more, in Nielsen's list of the top 10 weekly shows actu- allv 11 because of a tie in ratings —CBS had seven; NBC, three and ABC, one. Next to the phenomenally successful Lucille Ball series, came "The Andy Griffith Show," followed by "The Danny Thomas Show." In fourth place was another new CBS comedy series, "Beverly Hillbillies," tied with NBC's "Bonanza," a top show last season. Then follows the Red Skelton hour, "Hazel," the Jack Benny show, "Dr. Kildare," the Ed Sul- livan show and "Ben Casey." Also listed were NBC's live broadcasts of the World Series, and OBS' entertainment special, "Opening Night." Recommended tonight: "Wagon Train," ABC, 7:30-8:30-Ann Sheridan is guest star; Bob Hope Show,- special, NBC, 9-10 — the comedian's first show of the sea- Cofl* 6 CMv Tologram W«dm«dqy. Oct. 24, 1962 sou, with Lucille Ball and Bing Crosby; Ciwl^ Theater, OBS, loll— "The Friendly Thieves," an expose of the workings of the confidence game. Do It Every Time By Jimmy Hatlo IHESTORV LINE SETS UP DEEP SYMPATHY FOR THE HAVE- NOTS OF THE TELEVISION DRAMA"- THIS fS THE STORY OF JOHN AND IRMA- TWO POOP VOUN6 PEOPLE BUFFETED BY THE SCENE OPENS TO SHOW WHERE THE POOR PEOPLE LIVE— AND IT'S FURNISHED LIKE THE TAJ MAHAL-— QJdahcma DISCOUNT PRICES For Over 44 Years Mi* Pocket-Size Transistor Radio Pull-up antenna, • carrying case, earphone and 85-617-5 Lightest, Slimmest Easiesf-to-Carry TV Easiest-to-look-at, too, with the now rectangular pic- lure combined with briefcase-thin styling. Exclusive "Scan-Tunna" handle-antenna rotates to strongest signal. Wrap-around, no-glare non-breakable filter. New f^'jr 1',: ;)c!i tuner. $179 Low, Easy Terms PHILCO 8-Transistor Portable Radio 28 • Use* fwo pantile batteries Mdgnecor aerial, earphone jack, break-resistant case. PHILCO "Vivid Vision" &**« DELUXE 23"Console Reg. 299 248 • Beats TV Heat- Up to 76% longer life ^ Amazing Reserve Power Automatic Picture Pilot • 25% Brighter Picture PHILCO Clock Radio 19 85-723-1 Wakes you to music—automatically! Front Sound Front Controls O O Transistorized Tape Recorder 9 Complete with earphone, ,, microphone, tape and batteries NO MONEY DOWN LOW, EASY TIIUVIS 4-Speed Portable Phono '88 17' 85-485 Tone control— 4 speeds Permanent type needle Portable Hi-Fi Phono With 2-Speaker Sound System Now only 88 85-488 24 • Tone control— 4 speeds • High-fidelity reproduction Electric CHORD ORGAN "Anyone Can Hay III" 3FuR Chromatic Octaves • 6 Motor, 6 Minor Chords Educator Approved! • Superb Tone Quality 37 black and while key*. Music book and "Key $elec<or," that makes playing easy for anyone. Complete with legs. 57 M 'OTRSCO OKLAHOMA MU M>4 WPPM CO. Garden City, Kansas 306 N. Main BR 6-7606 These Prices Good At AH OTASCO Stores!

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