Greeley Daily Tribune from Greeley, Colorado on May 3, 1972 · Page 3
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Greeley Daily Tribune from Greeley, Colorado · Page 3

Greeley, Colorado
Issue Date:
Wednesday, May 3, 1972
Page 3
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Uruguay Economic Facts Gloomy By LOUIS UCIIITELUE Associated Pro«» Wrllor MONTKVJDKO, Urugimy (AP) - I'rcsldent .Imin M. Jior- In office only two Is re nil Ins t h e Hloomlest economic statistics Uruguay has .seen In recent years. The offfcial figures Ki\y the treasury Is empty, Die budget deflcll Is lingo, I here arc no foreign reserves. Inflation Is running at nearly 100 per cent annually. Exporls dropped 12 per - 'year. The' foreign million, "| s choking " cent last debt, , Ihe connlry," Francisco For- lewi, minister of economy and finance, lold Congress. 'Hils year alone, $100 million must Ix: paid in interest and principal of foreign loans. That's half Uruguay's total annual exports, which declined from $232 million in 1970 to 5203 million last year. Besides Ihe foreign debt payment, Uruguay -lias $70 million in commercial arrears. That means Uruguayans have paid in pesos for merchandise im- from $Z!I million in 1070 to $222 million Ins! ycnr, and (hu government sus|endod many categories of lm|xrli localise of Iho foreign currency shortage. President Hordnburry, a con- servallvu cuttle, rancher, has turned to the Internal iorrnl Munclar. spite :;lary F sllff i Fund for help, do- criticism from the Kroad Front, a coalition of leftist parlies with n strong voice in Congress. Throughout I.afln America, leftists say tlic "IMF formula 1 ' leads to more indebtedness abroad mid requires domestic austerity policies which hurl wage earners. They argue the IMF IK controlled by the U.S. government, so underdeveloped countries with IMF ngreemenls end up subjecting their economics lo "Yankee imperialism." Uruguay lias had IMF help intormillcnlly since 195(1, when its economy--afler the Iwom years of World War II and the Korean War--began a long decline. About the sire of Norlb Da- kola, Uruguay is blessed with a temperate climate ami some ol ported from abroad, nut their Hie richest, best-watered pas- money is slopped at Ihe Central " Bank, which lacks dollars (o complete Ihe payments abroad. .So foreign suppliers are dunning Uruguayans for overdue bills, and credit abroad is being restricted. Jmporls dropped King Unopposed To U.S. Probe Of Beret Deaths SANTA FE, N.M. (AP) Gov.'Bruce King said Monday he would not oppose a federal investigation of the police slayings of two Black Berets Insl January. In a lelfcr lo Sen. Joseph M. Monloya, D-N.M., King said, "In view of the several investigations conducted at Ihe state level, I do not feel dial another stale investigation would accomplish anything further." King had lold Monloya earlier be planned lo take no action on the situation until the attorney general's report on Hie shootings was compleled. That report was released last week. King said in the letter that if Monloya or any oilier persons "may have continuing doubts on Ihe validity of any of Ihe investigations, I would certainly have no objections if you were to call upon Hie appropriate federal agencies to pursue this mailer." K i n g said appropriate agencies might be the U.S. Civil Rights Commissioji or Ihe Department of Justice. The slayings look place Jan. 29 at. a construction sile near Albuquerque. Law officers shot Ril Candalcs and Antonio Cordova at (he site as the two Black Herets allegedly were trying lo break into a dynamite supply. (urolciml in the world. It once lived prosperously from the export of meal, wool and hides. Rut farming practices have remained unchanged since the turn of the century and Uruguay has failed to allract much industrial development. There are eight million cattle and 23 million sheep, the same as in 1!K)8. But the population which must share the wealth frorr. these herds has risen sevenfold to 2.3 million. An IMF team visited Uruguay for three weeks in March In sfuily Bordriborry's requesl for a $20 million" "standby' credit and a loan to cover the ?30-million drop in exporls lasl year. Besides IMF money, Bor- daberry seeks IMF endorsement, of his economic policies. Without this endorsement, he las slight. ho|c of obtaining $100 million in loans soon to be sought from U.S. and European janks. Forleza, the economy minister, will head an economic mission lo Washington, New India Sends Tea BALTIMORE - U.S. imports of lea from India in 1D71 rose by nearly 44 per cent to 10,319 Ions, valued at $11.1 million, from 7,178 tons, worth $8 million, in If)70. York, London European capitals in May to ask for tht oans. The IMF wants Bordaberry o increase meal exports, cul the budget deficit and reduce nflnllon. The measures liorda- Hirry has laken lo achieve hcse goals hnvc, nol yd pro- Inced results. Meat cx|xrl.) continue at a ow level iillhougli liordnberry ins devalued Hie peso 100 pr cent lo stimulate exporls. lie's dso ordered Uruguay's first 'vctld 1 '--a prohibition on c'alllc slaughter for domestic consumption so more ealllc nro wallablc for export. Although rcsb beef is n staple in the Uruguayan diet, none will be ivnilable from July 15 through N'ov. 15. Dolh industry and labor are Cimimunlst-conlrollcd National Workers Convention, which represents n miijorlly of Uruguay's !fu0,000-man lnlwr force, Is Maglng general strikes to demand n 40 per cent pay increase luslead of the 20 per ccnl Bordaberry decreed April 1. The typical Uruguayan wage Is $80 monllily. 'Hie Chamber of Industries, representing employers, has publicly urged a higher wage Increase lo reduce labor troubles and to stimulate sale of consumer goods. Authorized price increases have ranged from 3 per cent for preserved n an uproar over the govern- fish to 38 per cent for auto nent's wage-price controls. The parts. India Studying Underground Nuclear Uses Weil, May .% 1972 By WILLIAM C. MANN MOW niCLHI (Al) - Del fenTM Mlnlxler Jugjivan Ham :«i!(l lodny scientists from Die Iiidlun Aloinic Kucr^y Commission "are .studying (lie ' teth- noloj;y to conduct underground nuclear explosions for pcacoful purposes." Iiilcrnaflrjiinl developments "(in not wiirriJiil ii change in our present policy, which is to utilize nuclear energy for pt'ijceful purposes," · lie told 1'iirllnmenl. India luis refused to «i(;n the nuclear proliferation treaty he- cause It feels the treaty discriminates against countries with a nuclear capability. Rum did not indicate when|in rmiliilaliung tension In Ihe Ihc tests might begin. But Iielsuhcontliient is ;i. matter of said India's plans to develop 2,- common knowledge." 700 megawatts of nuclear pow- cr by 1'JCO place it "already among the advanced countries of the world" in atomic energy. The disclosures came in Uciin's reply to Parliament do- bate on his budget request for $1.87 billion. Several legislators urged the government to enter the nuclear armaments race and suggested the luck of arms left India open (o nuclear blackmail, principally from China. Ram discounted that argument, but said 'Hie continued interest of some great powers "The rivalry among Ihe great powers In Ihe Indian Ocean has added a fresh dimension. The recent extension of tho jurisdiction of Kin U.S. 7ih Klcet is a mailer of some concern," lie added. The funds requested for defense, liain said, would constitute 3.8 per cent of India's gross national product. Your Share Coffee NF,W YORK - Americans drink about 4() per cent of the world's coffee, averaging about 2'/i cups apiece a day. Police Find , Dead Guerrilla's Passport MILAN, Italy (AP) - Polfco probing tile explosion dcalh of millionaire publisher Ginnglnc- omt Fellrinolli said (hey [omul ·lis passport and a huge caclte of weapons Tuesday in a hideout of Milan's urban guerrillas. P o l i c e have been iii- vcsligating links between Ful- Irinelli and Italy's most violejft left-wing exlrcmlsts since they found him dead in mid-Marea at the base of a dynamlluo power pylon outside Milan. ', Straw Hats by Resistol and Bailey Western Wear !H2!«liAvp. STOLL'S MARKET North 11th Ave., Greeley BACON ENDS-PIECES Tr'* .. 3i^75c FLOUR SHuiliiK, 10 Ib. Biz ' "C POTATO CHIPS AGB,«d. u o, b a Z . . . . . 45c APR!COTS Food Xinc.2K.CM 4 for $1' CRACKERS sfiuiiiesi,, i ib, ix« 25c TUNA EatYWI, sueun 4 for $1 EGGS Gride M Mediun Doi 39C STRAWBERRIES LETTUCE K. cr . . 2 »,,*,,« TOMATOES^, ........... ib. 35c BERMUDA ONIONS WATERMELON *,,, GRAPEFRUIT:?;;.^ * ........ 2.19 ORANGES IS Ib. nrnh ktf .......... Z.I" GRAPEFRUIT-ORANGES^. . . ... 13c Onion Sets m, « »» ........ "· 39c POTATOES!^ .. TM, 59c ...«,,,« 69c Tomato, Cabbage, Chile and Pepper Plants BEDDING PLANTS- All Kinds WE TAKE FOOD STAMPS jjoslins Spring Sale ^* 1015 9th Ave. · ^^ Open Thursday, Friday and Monday Nights Till 8:30 Customer 2 Hour parking at rear of store or south of The First National Bank's New drive-up windows. 100% POLYESTER ROYAL KNIGHT DOUBLE KNIT SLACK SALE Wash and Wear. Solids and fancies. Flares and straight leg. Dak or belt loop styles. 29"-42" waists. 30"-33" inseams. Values to 516.00. 10.90 MEN'S ACTION FLARE JEANS Brushed denims or bell denims. Swabby or cargo styles. Blue, navy, rose, brown, while, grey, and green. Reg. 6,00 2 p , 9.98 MEN'S TANK TOPS FOR SPRING TOO per cent cotton knih Solid or stripes. S- M-L-XL. 3.00 100% POLYESTER KNIT DRESS SHIRTS Shorl sleeve, long collar styling. Solids and fancies. UVz-l?" collars. . Reg. 9.00 2 for 16.00

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