Northwest Arkansas Times from Fayetteville, Arkansas on April 28, 1969 · Page 6
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 6

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Fayetteville, Arkansas
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Monday, April 28, 1969
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Page 6
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Northwest ArVorw* TIMES, Men., April «, 1M» FAVCTTIVILLt. ARKANSAS Goal Is $1 Billion By 1970 Foreign Based Group Buys U.S. Real Estate By JOHN CUNNIFF AP Bulneu Anilynt NEW YORK (AP) - Just a little more than two years old, the foreign-based U.S. Investment Fund now controls more than $250 million of American real estate. Its goal is to own $1 billion worth by this time next year. All money for its investments comes from abroad, for the fund sells only to foreigners. When it comes to buying, it buys nothing but American real estate. economy, he was joined by Rafael Navarro. a pre Castro Cuban diplomat, anc'l today they are partners in Gramco Ltd., the fund's manager. As their fledgling enterprise sold its story to Latin Americans and then to Europeans, other associates were beginning to lend assistance, among them several former associates of President John Kennedy. SWIFT GROWTH The growth was phenomenally swift. The sponge up fund seemed idle holdings professionals, businessmen and "We're buying huge chunks of other foreigners interested in ...linn " nairl LTnitK l}9t1C»l a ' A Wai-inn n t-Col O C t o t O THo flinH skyline." said Keith Barish, young Miami. Fla.. native who founded the fund and who now heads its management offices in London and in Nassau. The Ba hamas. He wasn't exaggerating. The fund's diverse properties include buildings such as the 28-story Harbor House apart- real estate. The fund had to find properties equally fast. "Our ability to sell the fund is limited now only by our ability to atract more sales people.' said Barish recently as he stopped briefly on his way to Europe. Already 700 associates merits'in Chicago, the LTV tow-1 sell the fund in 55 nations Ammunition Explodes er in Dallas, a garden apart ment in Mill Valley, Calif., a shopping plaza in Rockford. Ill 71 PROPERTIES Among its holdings are 71 es ablished, properties A n i m n n i l i n n at Da Nang, explosion deslroyrd several South V i e t n a m , explodes ivith hundred tuns of ammunition, a lirry blast after iis storage killed on American area w a s set on fire hy a hla/.e in a carnage dump. Thc Marine and a Vietnamese child a n d injured 75 persons. The build- inss in thc foreground are on Da rXang Air Base. (AP Wire- photo) What's Happened To The Image Fickle Public Hates The Beatles, Says Ringo areas. 20 states and the Com- momvcalth of Puerto Rico. Some day. fund spokesmen say, they hope to own property in ev ery state. To assure a welcome, they remind Americans in the towns hey visit that each purchase helps improve, the U.S. balance of payments position Shortly after Parish founded the fund as » vehicle for foreign By GLENN GOODEY LONDON (AP) -- These are Changing times Tor the Beatles. "Once \\e u c r e everyone's darlings." says George Harrison, "but it isn't like that any more. They hate us." Kingo Starr adds: "It's shock·| colll " t r v '" R n "«o s "aid"""\Ve don't Inff the v^ysonie sections^ the i |1C( , t , ss . in|y w a n ( ;my thanks. ' ' " s | b u t at least \\e don't want to he ·eritiri/cd every step nf (he way. 750.005 copies in Britain alone- equalling sales of previous releases. In irifi.i thc BcaUes were decorated with the Order of the British Empire for promoting British exports. "We've done a lot for this I t S pcnplr t h a t doesn't give everyone the right to attack him out p u b l i c I I H \ C turned on us. completely n!'mc.Ti:o W h a t ' s happened In the B o a t l e . ...,,,,,, because John leads a Imacr? I d i f f e r e n l sort of life t h a n most George. Hin(;o ant) the other Beatles -John I.ennon and Paul McCaiitney--haven't given a , o f h a n d . public ijcrfcinnanee together i n ! ..j wol ,],j never he seen in the t«o years a l t h o u g h they have ,,,,,],-,·· :} [ t \ n \ n\ nKn . ".Juhn can n i n t i n u e d to m a k e hit record i ,, pt ., H!1 y w j| n n. | )u t j nc \-er In""-- .could." Their .Hut husinest enter Ri,, s ,, denied rumors t h a t Ihe rnsrs h:nr run i n t o nrnhlcms. crol]| , v ; ,.j breaking up. He said Grorce and .Icihn w o r e recently iu , ,] i(i not rxp p c t them to per- fined on drugs ci'iia'es. f,, nll together in public again. BARBED COMMENTS hul j ns j s u,] they would remain John and his Japanese bride. ,, 0 ,,,,thcr for recordings. r: '-- "There could never be anyone to replace him. We have appointed certain people to do certain things, but no one could do all that he did. And we wouldn't want them to." The Beatles launched their own company called Apple in early 1B68 to promote films, re cords, and clothing. In Januarj John Lennon said it had turned sour and unless something was done they would he broke withii six months. "Apple would have been broke," said Ringo, "but we wouldn't. "It was a bit mixed up at one me. We were employing lots of eople we didn't want. But e've pruned it down and it's on income - producing in 25 metropolitan Last month, he said, this sales force sold 115 million worth shares, a figure double tl amount collected in the entire year of 1967. This puts a pleasant type o pressure on Amprop, formerly American Properties Manage ment. a Miafi-based subsidiary. Amprop finds and manages property for the fund, and in so doing is modernizing some ancient methods. Last week Amprop sent a caravan of experts to Cincinnati-"a city on the move." as one member said--where they spent three days with building owners and real estate executives. IN SEARCH OF BUYS Similar trips are planned to weeks. Sucli fast tction in business where deals are now rtously slow, Bkrish believes makes many owners willing ·sellers. The cash (low that inakes quick deals possible, in fact necessary, results as much from the eagerness of foreigners to own a piece of America as much as from the diligence of salesmen. In the past two years, for ex- imple. foreign investors also have poured money into the American stock market. The net inflow for 1968 was a dramatic 1.9 Billion. REAL ESTATE Barish and Navarro believe, however, that the real estate market is a bigger attraction, 'an almost foolproof hedge against inflation." In addition, they say, it offers a greater yield than banks and involves less risk than stocks. Whatever the reason, investor cash from places such as Bel rut, Hong Kong and Munich i! now pouring into the fund at such a rate that Barish forecasts a $300 million contribution to the U.S. balance of payments by the spring of 1970. Meanwhile, the fund itself, re fleeting the value of real estate holdings, appreciates at the rate of more than one per cent a month. t«fuM«t Land KEYWEST.rU. (AP)-rif- m Cuban refugee* landed hen Sunday after crossing the Florida Straits in a fishing boat with three crewmen held captive at knife-point. The captain of the M-foot vessel, Froilan Bosquet. 20, told the Coast Guard he and another crewman changed course after leaving Cuba's territorial waters, taking captive three crewmen who objected to the cftin*. Hit ttree «ttUt4 crewmen wen allowed te torn Key We* Ute tend*? for Cub*. Min( Uw MOW bee* In wtteh they h«l "rived. WI HINT TYPEWRITERS ADDING MACHINES IBM-UNDERWOOD OZABK ofncE MAcnran ttN.BMck 44MU1 Ruths Beauty College Announces... Summer classes now being organiied ... Only a limited number of students can be accepted. Ruths, one of the outstanding schools of cosmetology--offers you the finest in cosmetology education. Featuring an outstanding method of instruction which combines basic hair dressing principles with advanced techniques. For complete information, visit our school - write or phone 443-3061 Ruths Beauty College 1200 N. College Fayetterille, Arkansas investments in the American Minneapolis. San Francisco. Philadelphia and other cities. Last year, to give an idea of the distances traveled, eight staf _ : ers logged more than 100.000 miles each in search of buys. Gets Police Force EGG HARBOR TOWNSHIP. K.J. (AP) -- This sprawling South Jersey community with a population of 60.000 finally has a police force of its own after nearly three centuries. But the two patrolmen on the force mav not be too busy, at least at first. Daniel T. Dooney. a retired state police lieutenant who has been appointed chief of the new department, ordered Yoko Ono. drew some barbed comments from British npwspn- prr^ when they spent t h e i r lion- p v r n n n n n ^ i r n ^ i h l v a~ 3 r-lnrp- in fnr \vnrld p"^ r P. nun* i n v i t e d full p t j h l i n t y . films Amidst all 'this a c t i v i t y . TJingn *" "'»' i' 1 livir1 "?' Starr was busy on a separate career a? a movie i-to . Hut he follow Bealli's. In :m i n l r r v i r w lie hr-islcd t h a t the Rc;itlcs were r r l n i n i n g j their f a n s a n d t h a t t h e i r f i n n n r i a l a f l a i r s were bring s t r a i g h t for and broadcasts. SEPARATE INTERESTS "We've our own separate in Irrr-ts t o develop.' he said, "We ,*haM hranr'h out. and pur- careers, but we shall always he the Beatles. "I won't say we will last forever, but we'll go on for a very t i m e unless we get shot. ln ' Observers of the Beatles trace the hcginning of t h e i r eccentric ways In thc death of their man ager. ftn'an Kpstein. in 1!)R7. "Yes. his death did affect our f i l m t h a t p a i r s Rin.Tn with a Peter Sellers. Dressed in a brown suit, t r a v a g a n t h o w f i e and f r i l l y s h i r t . R i i i f f o talked as much'" 1 !!TM w i t h gestures as w i t h words, be-; ( \ e e n m n u t h f u ' s in the studio I c a n t e e n , ilis h ^ i r hung in longl Folds o\cr his shoulders and his M t ' X H ' a n t y p e mustache drooped over his mouth. He looked heavier t h a n his ISO pounds distributed over his five foot eight f r a m e . POPULAR AS F.VE^R "FVspitr the critics we are a s ] popular as ever." insisted Rin- To bark up his point. F.lectri- ra' nnrl Musical Industries - F.MI- \\ho cut the Beatles discs, renorted the group's recording of "Hey Jude' last fall sold J n R h(? usc(J to d() j n thc o f f i c p j It's very hard. Nut only are we . . I HIP Bralli'S. hut we're our own BABY'S SIGHT It. ti irhnt uff An haliirt rrri^iti-i- their parents? A. In!. oils respond Io familiar so-iiitls (Mich :is tlK' niulher'.s v,n,.-i i (|iiiii! early. However, tin- Ixiln's vision remains re- jtnocJ Ur a lime. The eye \l an ;ileit newborn Kiby can frxir*. ,m larpcts only ai a paiucuiar (li.Nt;mce (about R inelii-s). The ability In focus Mcadily improves, however, so that by thc end of thc fourth month the eye accommodates, or foenscs, about as well as the eye of an adult. HERNIA Q. Will rxrrciw the mamnrh mtttrlrt and Hiaki- n hfrniit K" mtay? A. No. Thc weak p 0 "" 1 *" the abdomen consists of overlapping layers of libroiis tissue - not muscle -- and fibrous ; NMK; doesn't respond to encr- . . ,c us does muscle. Anyone ·. uh a hernia who engages in Mrcnuom exercise is inviting liouWc. Wilh certain «ccp- HOIK, hernias should he corrected surgically. Oar professional iiiti-Krity ·ftAnrFK you of lh« finrj.1 pmuTiplinn HTvirc-- nnil Mr lilisinr'* prinripl«» of Ihe fnlrcM po-riblc ·wr and Gemologisl FALLACY: Diamonds sparkle more in some jewelry stores because some jewelers use "trick" lights. FACT: There mislil jewelry stores that use "trick liRhtuiR, but no reputable jeweler would risk his reputation by resorting to such tactics As a matter of fnct, the American Gem Society considers the use of colored liylit- ing ;m unethical trade practice and prohibits its members from tisins such iiShtmK. Here at Underwood's, we use standard Weslinqhnuse bulbs that are nvailahle at any hardware store. We buy our bulbs locally and would not consider lisinK anything other than standard I'iRht bulbs. It is true that adequate lighting as wol. as cleanliness enhances the iM.auty of fine jewelry. But when you notice a difference in the beaulv "f diamonds bo- Iween I wo different jewelry slures, il is likelv to lx- due to finality rather than any kind of liKhlint! that is used. CONCLUSION: rtenlly fine quality jewelry Is beaiitifu and rare. It will Iw beautiful p.ven under Hie twinklinR Rlim- nier of a shialo candle. Tills is why Hie jewelry nt Unrlcr- wonds looks so cnod. It is of n otialily rarely (mind in Arkansas. Underwood's « w t l * r i «f · 11 Wosi Dickson ttrmbtr American 0*m t«c!«t not, make any arrests . "We're going easy for a while to give the residents a chance to set used to a police force in town." he explained. The Allan tic County community was established shout, nod years ac n - When they find a likely property a team of analysts, accountants, leasing experts, structural engineers and attorneys swarm over the property. With an assist from comput ers. the Amprop men often can transact business within two Current Dividend Rate -i % CERTIFICATES (510,000,6 mo. min.) 4 3/ 4 o/ 0 REGULAR PASSBOOK Sove By the lOrn . . . . torn from the itr x »» ·1LOAM SMtlNl WATCH YOUR SAVINGS BROW 4.98 FUSTIC CARRIER WITH SAFETY STRAP Back adjusts' Foam' pad, 9 OO 15.98 CAR SEAT-EXTRA PAD AT SIDES, HEAD! Protects baby! StMlfram«,vi- nyl upholstery. wttproof cover. * lab-ltlltd ·r«!hon« f» NATiOHAt Week BALANCE BABY'S BUDGET DURING WARDS BIG SALE SAVE 6 on charming crib CHOOSE WHITE OR MAPLE-TOUSII Caring for baby is easy with spring that adjusts, lets you raise or lower the mattress. · Toe-touch releases drop each side; nursery ' decal on end panel is enchanting. 0 16.98 MATTRESS HAS 140 COILS Better than a lullobye to put baby to sleep! Quilted nursery print cover is waterproof. m ^ I 21.98 FOAM*-PADDED KAY YARD 9 sq. tt. to play In, learn to walk in! Nylon mesh on folding steel frame. Convenient drop-sides. labtultd 4.49 CHROME WAIKCR FOLDS FLAT TO Polyethylene bumpers. Vinyl teat, 2" cotters. 3.99 BABY TRAINER IS EASY-CLEAN PLASTIC Sets on adult seat. Strap 1.97 deflector. @ 14.98 FOID-A-WAY HIOH CHAIR Large plastic tray makes feed, ing easier! r added seat, strong | V chrome-plated steel from*. I I t WHY WAIT? USE CHARO-ALl TO SAVI NOW-JUST SAY "CHAROIIW 4434591 Open Tonight Until 9:00 p.m. Evelyn Hills

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