The Courier News from Blytheville, Arkansas on March 26, 1968 · Page 6
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The Courier News from Blytheville, Arkansas · Page 6

Blytheville, Arkansas
Issue Date:
Tuesday, March 26, 1968
Page 6
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i*agt fruht - Bfrthevitle (Art.) Quarter Ifewi - ftieaday, March », Jlgim In Blllioni of Dollar$. U.I. GOLD HOLDINGS OF MAJOR NATIONS -to- -25 held on speculation that the international price will rise. Nine na»'»"» s h«reth. /^ ^ and 11 are represented in the African holding.. Of the total world gold supply, about $43 billran, wheld by central bank* and other government agencies. Another $20 billion to $25 billion is in private banks. France Wants Parley On Real Gold System By NEL SUS Associated Press Writer BRUSSELS (AP) - With three days until the Stockholm conference that seeks final accord on "paper gold" as international credit, France called today for a conference to create a monetary system ruled by real gold. "France, however, was completely isolated," Dutch Finance Minister Hendrik Witteveen said after French Finance Minister Michel Debre argued his point at a dinner here Monday night. Debre told his colleagues from the Common Market countries that special drawing rights on the International Monetary Fund were not a solution to the world monetary crisis. The drawing rights are called "paper gold." Debre said that instead, the official price of gold should be raised and a new monetary system set up with gold supreme. A conference should be convoked, he declared, "to make all currencies juridically equal." President Charles de Gaulle, whose government has left the international gold pool, hoarded gold and warred against the U.S. dollar as a reserve currency, has demanded a return to the simple gold system. Replying to Debre Monday night, however, Italian Treasury Minister Emilio Colombo and West German Economics Minister Karl Schiller said the two-price gold market and the system of drawing rights could function quite well. Under the two-price system, central banks back their nations' currencies with gold at $35 an ounce and the public deals in a market where the price varies with supply and demand. In Rio de Janeiro last September France agreed with her five Common Market partners, the United States, Japan, Sweden No Vans; No Move NEW YORK (AP) - Housewives weep, men curse, and a presidential hopeful can't get established in his new national headquarters. But the moving vans remain in their stalls, idled for almost a month by a strike of Teamsters in New YOrk City and on Long Island. "I'll be so happy to get out of New York," said one tearful woman as she tried vainly to find a way to get her household belongings transferred from Manhattan to Santa Monica, Calif. A Flushing, Queens, man who has to move to Kansas City told a reporter "I'm damned if I'm going to wait for them to settle the strike ... If they won'l move me, I'll rent a trailer and do it myself." The campaign headquarters for Richard M. .Nixon, who's seeking the GOP presidential nomination, was to have been moved March 2 from a small Fifth Avenue office to a more spacious one on Park Avenue. The strike began March 1, and the Nixon team is still on Fifth Avenue, "sitting in each QUICK QUIZ Q — H a person travels westward around the world, what happens to time when he reaches the International Date Line? A - When crossing the Line in a westward direction, the date must be advanced one day, that is, Monday at noon becomes Tuesday at noon as foot) »« the Line is crossed. Conversely, the date is set back a day when crossing the Line in an eastward direction. Q - What It the length ef * year on the planet ManT A - 687 days. Q - For how long hw fee ey» of God been pictured « V. • H bills? A - Sinct IJMl other's laps," as a campaign worker put it. Many apartment dwellers who've had to move out—but can't get moved into their new dwellings—have had to go into hotels and motels. With the end of the month coming up, they may be joined by others who've given commitments to vacate. The strikers are members of Local 814, International Brotherhood of Teamsters (Ind). Drivers got a base pay of $120.40 a week, while helpers and warehousemen got $112.40. They recently rejected a contract which would have given all of them a $28.20 weekly increase spread over three years. Until Monday, the union and the six employer associations hadn't been talking to one another since the contract rejection March 18, and state and federal mediation services had stayed out of it. UNITED FUNDS. INC. mutual fund shares Mthnal distributor fnuttto * n*Mt I/'••;., Dick J. White •Cbteicd RcprcMnUUr* Phone PO 3-3592 P.O. Bo« 12 and Canada to cut down on ffie role of gold and create the drawing rights to provide readier currency for world trade. If the drawing rights system is finally approved in Stockholm by the 10 richest non-Communist countries it could usher in a new epoch in international payments in which gold's role would diminish. Sponsors of the "paper gold" system argue that it would be easier to control than the dynamic gold market and would ensure a growth of world currency resources needed for the expansion of trade. At Stockholm a heated wrangle is expected between France represented by Debre, and the United States, represented by Treasury Secretary Henry M. Fowler. Italy and West Germany have been cast by some experts in the role of mediators. "We still hope on Thursday evening in Stockholm to con- vince France of the necessity for special drawing rights,' 1 Witteveen said. The Dutch finance minister said he felt France could no pull out of the basic agreemett on drawing rights reached in Rio last fall. In Witteveen's opinion, France may go along with the system at Stockholm once she realizes she will be iso lated there as well. France may agree, he said "but on condition that she can opt out." One big issue is the de termination of the point a which a country that disap proves of drawing rights can re fuse to take part in the system If approved, the new system is expected to come into opera tion next year at the earliest The reserve fund would amoun to a relatively modest $400 mil lion the first year, but the draw ing rights are intended to in crease each year afterwards. Mr. Farmer: Before You Plan Your Cotton Fertilizer Program For 1968, See What A Good Deal. . . ANHYDROUS AMMONIA FERTILIZER ... Is This Year! The Price Is Down Also, you don't have to tie your money up in more costly equipment . . . We have everything you need to apply anhydrous Ammonia: • Applicators • Nurcstanks • Shank & Knife Assembles • All Parts If You Want To Build Your Own Applicator to use with Hipper Ridgers, or Bedders. • Delivery Service PHONE 2-2005 TODAY! 7 A.M. 'TIL 5 P.M. AFTER HOURS PHONE: PO 3-4212 PO 3-8071 PO 3-8457 Allen Petroleum Co. 2604 W. ROM BlythevilU, Ark. We Sell Super Shell Products and Givt Super" Shell Service. GALE WILF, GENERAL MANAGER Its Guns or Butter WASHINGTON (AP) — A topi thai the $20 billion he forecast, treasury official has told Con- while the tax hike combined gress the nation can't afford with spending cuts could keep both guns and butter—to wags the fiscal 1969 deficit down to $8 war in Vietnam while pressing billion, ahead with domestic programs. .• Johnson told the AFL-CIO Undersecretary Joseph W. i Building Trades Department ' legislative conference he will Barr's assessment before the Senate Foreign Relations Committee came Monday as President Johnson was telling a labor group: "We will do what must be done—we will do it both at home and we will do it wherever our brave men are called upon to stand." Barr contended: "We are a great and powerful country and we can do a lot." But, he added, only "if we are willing to get down !o the subsistence level like the Russians or someone else" can both war and domestic needs be fully met. seek to build "a better America in a climate of law and order" while meeting U.S. commitments in Vietnam. The President's war course won renewed endorsement from AFL-CIO President George Meany, Meany urged Americans "to let Hanoi know they can't win at the ballot box in this country what they can't win in Asia." He also took issue with political opponents of the President who he said label the Vietnam conflict "Johnson's war." It is no more Johnson's than it was Takes Taxi Home WASHINGTON (AP) — AI Washington traffic official downed three double sh'ots of Scotch, blew into a British- made gadget to test sobriety and decided not to drive home. George Hammond, chairman of the District of Columbia Citizens Traffic Board, drank the "I'll either get fired or im-1 whisky and blew into the devjce peached before I get out-and Monday as part o£ an experi . ,t\ Ko^ » DM** r r ment. Dr. Tom Parry Jones, inventor of the instrument called an either one is not too bad," Barr told the Senate panel after declaring senators had an obliga tion to "vote for fiscal responsibility." He said the administration anticipates a "back to back" deficit of $20 billion for the current fiscal year and the one beginning July 1 if Johnson's proposed 10 per cent income tax surcharge isn't enacted. Following Barr's appraisal of the financial problems posed by the war and domestic needs, Sen. Bflurke B. Hickenlooper, R-Iowa, said, "It takes the butter out of it when we reduce our standard of living." Barr agreed. He said if the surtax is enact- Alcolyser, announced that Hammond's breath had registered above ths danger mark. Hammond, who had expressed interest in possible use of the device, announced he was going home in a taxi. Double Loss EASTON, Pa. (AP) - The Northampton County prison basketball' team lost their game Monday night and also lost one of their players. Prison guards said Daniel Delker, 19, serving a term for larceny, fled as the team returned from the Jewish Commu- ed, the current fiscal year's def-' nity Center, where the prisoners icit will be $2 billion smaller!lost 57-47 to the center's team.. Students Raise Cash GRAND JUNCTION, Colo. (AP) — Students at Grand Junction Central High School collected $532 to aid Ron Hall, paralyzed last November in a scholastic wrestling accident. The money was raised during a school assembly at which stu- the war of former President? Dwight D. Eisenhower or John F. Kennedy, said Meany. .; Sen. George A. Smathers, D* Fla., told the Senate the war will go on for another year as he argued for enactment of the sun. tax, ! Smatbers said "even if some dove, for lack of a better word; gets elected" president he won'j be in office until January. I "The war won't even end until about a year from today, even if he's a miracle worker, which I doubt," Smathers said. ! The Agency for International Development told Congress toj day the enemy's Tet offensive against South Vietnamese popui lation centers in late January' amounted to $120 million damages, excluding losses in dents paid to throw pies at damages, excluding losses iri teachers. The results were I Hue and the northern I Corps filmed and sent to Halsey at the! area. " '{ Craig Rehabilitation Center in' The analysis was submitted to Denver. j the House Foreign Affairs. ' f SEED BEANS • REGISTERED DAVIS • CERTIFIED DAVIS • REGISTERED HILL • REGISTERED LEE BLYTHEVILIE SEED CO. PHONE PO 3-6856 or PO 3-8137 At Martins everything you need for Spring Just in ...and just wonderful! SPOKT COATS Lighter, brighter, handsomer than ever—with style touches that make your present sport coats look slightly out- of-date! That's the Curlee sport coat story. We're certain to have the right model for you in your favorite patterns and colors—so visit us soon. You're sure to agree. .* You'll like youndf in •a Curlee sport coat... and so mil she. HAOGAR Shop Martin's for Th* Famous Nam* Brands You Know and Trust! Dress slacks even a steamroller can't wrinkle! They're Haggar Forever Picst Plus -55% Dacroi£ polyester-45% worsted wool with permanent pres& The crease stays crisp. Can be dry-cleaned in coin- operated machine. No • pressing needed. Also may be machine washed and Aied They're ths most wrinBwesistantdwss <<*** •ffl» w» •'T> •«! •& MARTIN'S THE STORE FOR MEN ft BOYS m- sea nw .«!• OT - '.,-.11 .1 -I

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