Greeley Daily Tribune from Greeley, Colorado on December 26, 1962 · Page 24
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Greeley Daily Tribune from Greeley, Colorado · Page 24

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Greeley, Colorado
Issue Date:
Wednesday, December 26, 1962
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Page 24
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Everything Upward Except Prices, Profits Was Food Story in '62 By OARDEN CHAJWLISS AP BvtiiMM Htm Writtr NEW YORK iAP - Evtry- ,. . * "~ -- * «wvj pi'v-ca nde KVLKl- thing seeir^ headed upward in ally tuble, except that a record the food industry except prices Florida juice crop brought bargains in frozen concentrates. and profits. Dollar volume, poundage vol- numbers of items available sold during 1862 was estimated by --th« statistics all swelled during -1962. But, the industry contends, prices to consumers held steady. Even adding convenience features to some food product* failed to push prices up, says Paul S. Willis, president of Grocery Manufacturers of America. Inc., and a grocery basketful costs hardly more today than it did 10 years should travel overseas and spend ago. ! profits, meanwhile, have tended downward. Willis said, hit ibout 3.2 per cent of sales In 1962 against 3.3 last year and 4.6 in 1939. Industry statistics show a rise in food consumption expenditures of about $2 billion during the year to ISO billion, with another $2 billion rise foreseen in 1963. Willis estimates. Frozen food volume, meanwhile, rose from 8.5 billion pounds last ytar to an estimated 9.1 billion in 1962, the industry publication list year to an estimated 9.1 billion in 1962, the industry publication Quick Frozen Foods, estimates. Tlie total number of items available in the standard supermarket today, an industry source esti mated, is about 8,000, almost 10 times as much variety as before the war. Prices in 1962, meanwhile helt steady. Except for a few scattered jumps, like sugar, and declines, like coffci, most cttegor- lit, ttayed on fairly level planes A farmer withholding action in in the Midwest in early fall drove up meat prices temporarily but the year-long, ov«r-all average showed little change from 1961. The Dun and Bradstreet, Inc., wholesale food price index ran below the year-ago level through most of 1962. Only during the withholding action in September and in the closing weeks of the y«ar was 1962 higher in year-to- year comparisons for more than one week at a time. Tht Agriculture Departmen that prices will continue stable through 1963. Frown food prices were gener- Quick Frown Foods at 13.85 bil lion, compared with J3.64 billion in 1962. Biggest gainers djring the year included premium-priced frozen bakery goods, portioned meat retail value of frozen foods servings, fruit juices and frozen dinners. Increase in Overseas Travel Seen for Americans in 1963 AP By SAM DAWSON Buiiimi Ntwi Analyst NEW YORK AP)--Americans more money in 1963. That's the wepful thinking of the travel in- ustry. And jaunts within their wn land, which took a big jump n 1962, could increase, too-if ex- wnse account trips aren't curtailed by the new tax rules. Overseas lands attracted about wo million U.S. citizen? in 1962, gain of 9.5 per cent over 1961. hey spent an estimated $2.8 bil- on, or $2 million more than the ear before. In 1U63. if all goes ell. (he American Express pre- Icts some 2.5 million Americans Whetl Chairs Wolkari Sales · Rentals . ·oription (11 9th St. 352-4888 deals, with the European Travel Commission emphasing year- around appeal of 21 West European countries. All travel forecasts are subject to such hazards as strikes, on the surface or in the air, or interna- :ional flareups-or to public fears that strikes or strife may be on , American Express estimates the volume of U.S. pleasure and business travelers in l%2, with comparative 1961 figures listed second. as follows; Europe 910,000 - 826.000: Oriel.. and South Pacific 175,000--140.000: Caribbean and Central America Jian $3 billion. Domestic travel rose in ith an pent on 1962, estimated $23 billion this. The Seattle Fair ad a big part in the year's in- rease. The coming year is a uestion mark, the National As- ociation of Travel Organizations ays, because treks to conventions nd (he like may be curtailed by ew Internal Revenue Service egulations on expense account ravel. Cruise business is now put at 125 million a year, with 1962 pas- engers estimated at 260,000, up rom 210,000 in 1962. Growth in 953 is e.xpecled because of increased promotion of package way. By major tourist areas, the ficult to transfer from one genera- another. When there is more than one heir, the farm business must often be sold after the death of the owner in order to it himself, be can manage it witbjdivide the estate among sur a partner or he can incorporate. I 0 TM- The department said in a re-i "Th* chief value of ini-orpora-! operation port that stile proprietorship is dif-ilioa." the department states, "isjwants to stay on the land while; Page 21 GREELEY TRIBUNE Wtd., Dec. 26, 1962 iMact L* a ion who still manage his own in making k possible- for farm|g' vin g *her heirs a fair slure of families to share equally iii an estate without dividing or selling the 1 income from the f a r m ' The report points out that in-: The department says some farm trs incorporate because of tax ad vantages. If a farmer has a gross income of at least $20,000 a year, farm. By giving his family shares corporation has other benefits Thelit says, it may benefit him to in of stock, the farmer can pass thejfarmer can limit debt liability and'corporate to save on income taiet. COMMISSIONED - In recent graduation ceremonies at Colorado State University. Fort Collins, Wendell Van Why, above, son of Mr. and Mrs. E. B. Van Why of 806 W. Mountain Ave., Fort Collins, formerly of Carr. was commissioned a second lieutenant in the United States Air Force Reserve. While working for his college degree, he took Air Force ROTC courses ir air science including creative problem solving, the military justice system, weather and air navigation, and leadership and management training. lay be abroad and spend more 575.000 -- 550 ono South Americ' 85,000-83.000. Some of the recent developments that are bolstering the hopes of the travel industry are Dropping of the excise tax on foreign air and sea transportation. Cut in steamship group faros in the off season by the trans-Atlan- tic Passenger Conference. New group travel air fares lo Europe, Hawaii and other areas. Spread of the rent-a-car service in foreign lands. Expansion of jet services by airlines from more U.S. gateways. Also, foreign governments are increasing budget appropriations and opening more tourist offices in the United Stales. IAFF-A-DAY Farm Is By OVID A. MARTIN WASHINGTON (AF)-ln a year nd look ahead, the Agriculture Department said Mon. it still e.x iccls little over-all change in thi "arm situation in 1963. Farmers are likcl yto realize about tlie same net income in 1963 as the $12.8 billion estimated for 962, the department said. Gross returns arc expected to go up lit but the gain is likely to be offset by further increases in farm production costs. This projection is in line with one made at an outlook conference of farm experts here in the all. The U.S. market for farm prod uclE is expected to go up about n line with population growth. Ex jorts are expected to hold al around the record level of the last ^car. Farm production in 1963 i. ikely, the agency said, to be as argc or a little larger next year than this, assuming, of course, nor mal weather. Lower price sto farmers fin livestock and products are expect ed because of increased market ings." the department report sai "Not much change is likely fo crops." Incorporating the lamily tarn may be a wise move for man farmers, the Agriculture Depar ment says. A farmer, like any other bus nessman. can organize his opera lions several ways. He can ru "Of COURSE it doesn't tute like your mother's pie It's " It's potato salad. 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