Garden City Telegram from Garden City, Kansas on October 29, 1962 · Page 3
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Garden City Telegram from Garden City, Kansas · Page 3

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Garden City, Kansas
Issue Date:
Monday, October 29, 1962
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Page 3
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Over Supply of Problems By SAM DAWSON NEW YORK (AP)—Businessmen in the front line of this nation's push for more foreign trade and with investments at stake in the cold war showdown are huddling here today with one thing for sure in over supply—problems. Some 1900 executives involved in U.S. exporting, importing and foreign investment are tackling issues raised by the new American trade expansion law, touchy govern ment j busi ness relations,, taxation of foreign income, expropriation of U.S. property overseas, and the Common Market's competitive challenge. Added to the pile of uncertainties are the many courses the U.S. blockade of Cuba might take. | These range from shooting war : down lo passing incident. j ' In open sessions of the 49th Na: tional Foreign' Trade Convention! I and in private talks, U.S. business j ! leaders, along with government j officials, financiers and educa- j : tors are trying to assess what i 1 each possible outcome of the j I blockade could mean to the U.S.! ; trade with other lands. j A number, of the speeches pre- I pared for delivery at the meeting i have been revised, convention of- i ficials say. Last .minute reappraisals 'are still the order of the day. Just by itself the blockade jolts a lot of thinking about business prospects, especially foreign trade. That standard oratorical hedge, "all the above predictions presume no change in the irtter- How did your Congressman vote on MINIMUM WAGE THE RECORD SHOWS Breeding voted FOR increasing the minimum wage in HR 3935. Dole voted AGAINST the minimum increase for working people. This kind of a record affects YOU! Re-elect J. FLOYD BREEDING on a POSITIVE VOTING RECORD in your interest. Bntding for Congress Club, Norbert Drolling, Heyi, Rons., and Harold Herd, Coldwater. Kans.. Co-Chairmen, 4 Pol. Adv. national situation," . Is being dropped. Change is now a fact, even if how much of a change is still tq be learned. All the old problems remain- just accented a bit more. The U.S. trade expansion act and the challenge of the European Common Market are much on the minrJs of the businessmen at the meeting. The United States is now in position to bargain on lowering trade barriers such as tariffs and quotas. At the meeting here are men whose companies stand to gain in Western Europe, Japan and other nations will let in more American goods on terms more competitive with their own products than now. Others may suffer if the bargaining means lower American tariffs on foreign goods invading their fields. And beyond this is the challenge in world markets of the growing industrial power of the European Common Market, with which the United States seeks to coime to terms. The future of American investments abroad is due or. an ap^ praisal in light of today's developments, both in Washington's worry about the deficit in the balance of payments and in the effects of the heating up of the cold war. Government officials are on hand to tell the delegates they must export more to help pare the excess outflow of Yankee dollars over return flow. Some of the businessmen here are known to feel the government could do more if it helped raise productivity in this country and if it protected the dollar more by holding U.S Treasury spending closer in line with tax receipts'. Complexites of the new tax regulations also are in for close scrutiny. And the businessmen here would like an inkling as to what form the promised tax cut; may take next year. Problems—there's no lack of them—and talking them over could help. The first chest you can change as fast as you change your mind! Lane's Matchmaker with interchangeable front panels. When you buy tin's exciting new Matchmaker chest you get an extra set of Iront panels. Change the panels: you change the whole look oi the chest. It's easy as changing hats. And makes the same beautiful difference! You can even change the look of the panels. Just cover them with fabric (to match your drapes ?).. . wallpaper... mosaic tiles... anything you could dream of! It's the most versatile cedar chest ever. Yet our new Matchmaker, with the panels, costs just $69.951 $69,95 U.S. Deficit Payment Balance Up (pardon City Telegram Monday, October 29, 1962 known about capital movements i invest abroad and the lesser WASHINGTON (AP)—The U.S. alancc of payments deficit regis- ered a threefold increase in the uly-September quarter, reaching n annual rate of $2 .f> billion. The sharp step-up from the Ipril-June rate of $872 million was ttributed largely to a quick reversal of the large flow of capital from Canada that helped reduce the U.S. payments deficit earlier in the year. Although Treasury officials had said there was a third-quarter increase in the deficit, the first accounting came today in a report issued by the Federal Reserve Board, The lead article in the October Federal Reserve Rulletin said the deficit rate in the first nine months of the year was about $1. 8 billion, based on preliminary estimates. No third-quarter rate was given but the $2.6-billion figure was cas- ly calculated from what was (earlier in the year. amount received from foreign The payments deficit represents sources. Deficits give foreigners the difference between the amount | extra dollars which they may us* that Americans spend, lend and | to buy American gold. NOW "WHITE STAR" CAPS Cheers for Cimarron Telegrnm Photo Leading the cheers for the Cimarron High Bluejays of the Iroquois League this fall are these five girls. From left are senior Linda McConkey, sophomore Lynn Dewey, junior Jackie Settles, sophomore Mary Benton, and junior Vick! Eskam, The Jays have one of their best football teams in recent years. Worth Money to Non-Profit Organizations Details are in every carton of PEPSI in your favorite store or other retail outlet, or send this clipping to: DAVE ELSEY — PEPSI-COLA DISTRIBUTOR 206 N. Ninth Garden City Please send me a "White Star" Fund Raising Campaign Registration Card. Your Name_ Street fity -State.. Ground Beef Fresh Ground for Quality and Flavor Skinbss Weiners C!*L 04*1^1* A Icelandic Cod OlZozOQd rlSn 0IG3KS Haddock CatfiBh/,Pkg8.0»r Early Week Grocery Feature Values ! Toilet Tissue 16 $ 1.00 Orange Drink 2 35< DiB MAP DUIl VI Shady Lane's Farm Fresh 1 Lb. Butter-Buy Now-Low Price Ctn. •FROZEN- Eskimo Pies Deluxe Pudge - Supreme or Peppermint Patties ______ Buy No*r for Hawaiian Punch Bflby Food Cragmont Pop 10 3 ^ *1 .00 o 3*™ Orange Ju. Luncheon Meat F j± t8 12 £ 39< S£69< Pancake Mix Hunffry Jack. Try It !' Breakfast 9 Oz. Cereal Try It ! Pkg. White-Perfect for 32 O: Candied Apples Btl. 39< Tomato Juice stoklcys Finc 42o/ Quality Juice 12 oz. Cans 4*1 COLDBROOK Margarine IB. 15c Don't Forget These I Cinnamon Rolls ?.7 k W ta JK29< Cake Donuts^ Sandwich Bread I'i'lbury Refrigerated All Varieties Tube V ..-ft Aj.MMMAl« Kratt Caramels Idenl for OH rail Prices Good Thru Wed. Oct. 31-SaIes Rights Reserved ! Red Potatoes Waldorf's U. S. No. 1 All Purpose Red Potatoes Jonathans Candy 'Em For Halloween ! Lb. 419 N. Mom Garden City BR 6-4326 Red Radishes - Cucumbers Green Onions - Bell Peppers 3 - 25< siiiiiii

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