Manitowoc Herald-Times from Manitowoc, Wisconsin • 27

rrr Manitowoc (Wis.) Herald-Times, July 1 2, 1 972 Two Rivers Reporter 27 Trade, Payment Hot Dogs Instead of Filet Mignon Convention Social Circuit in Doldrums Balances Are Different iiBiifcioSi seem to be much going on." The fat-cats are here all right. Sometimes they can be By ANN BLACKMAN Associated Press Writer MIAMI BEACH, Fla. (AP) eating hot dogs this seen cabana-hopping along the By LAURANCE F. STUNTZ Associated Press Writer year, not met mignon," says stretch of hotel beaches, but few are throwing extravagant Liz Carpenter, summing up the NEW YORK (AP) If you think you have the flu, you take black-tie parties. In a convention week usually doldrums of the social circuit at the Democratic National Convention.

your temperature. Hotel beauty parlors say business isn't as usual, that the increase in women delegates hasn't helped their business one bit. Slacks, halters and sandals are in, as acceptable on the convention platform as they are on the beach. Waxen, coiffed hair-dos are out. "I don't know what you call it, but I call it said a Washington social writer who came to the convention to describe the party scene.

"If it keeps up like this, I could go out of business." studded with fashion shows, So what do you look for if you "It's a different spread," inins me aonar is unhealthy overseas There are lots of svmDtoms teas and staid "ladies' functions," there was only one fashion show. Tickets went for a record low $3. And some went begging. Who Cares? caviar. Others figure the question is purely financial another manifestation of the party's debt.

Not for Party "I looked for invitations and you know, there weren't any," said Mary Hoyt, press secre-tary for Mrs. George McGovern, "and if there were, what would people think? That we're down here to party?" Mrs. Terry Sanford, wife of the former North Carolina governor seeking the Democratic presidential nomination, said her social calendar isn't as full as she'd expected. "I thought maybe I wasn't being invited to the parties, but it seems there aren't many," she said. "Other years we've received lots of invitations to receptions and teas and things, but this year there doesn't added Mrs.

Carpenter, a White House aide in the Johnson administration and always a favored guest on the Washington social circuit. What to look for depends, like the symptoms in a human, on what ailment you susoect. Another question, of course, "These things used to be It appears that the hoopla and parties- which sparked past Democratic conventions are is wny you care if the dollar is unhealthy. The answer to that is that your job may depend on having the dollar respected passe this year. Some Democrats speculate command performances," said Mrs.

Gilbert Hahn of Washington, who did attend. "But now they're absolutely passe. It's delicious that this aspect Ls over. Four years ago this kind of thing would have been packed every day. Now who cares?" overseas, the cost of imported gourmet foods and automobiles this is caused by the style of the convention the new breed and radios also depends on it.

of delegates whose tastes run One principal symptom of a more to dungarees and peanut butter than to cocktails and sick dollar is the balance of payments, how much the United States spends overseas compared to how much it Keynoter Tells Democrats Spearhead Change in America UW Journalism Students Recognized MADISON, Wis. (AP) -National recognition of three University of Wisconsin Madison campiis journalism students was noted Tuesday by school officials. Wanda Bryant, a Louisville. junior, has been awarded a $500 American Newspaper Publishers Association Foundation scholarshiD and a congressional internship. Jan Derscheid, an Appleton senior, received a Newspaper Fund internship.

And David Bittner, a Fond du Lac senior, was chosen as an alternate in the Sears internship program. UW also said that the Council for the Advancement of Science Writing's two graduate fellowship recipients Irene Jacobs of Madison and Susan Rodenwald of Davton. Ohio-will attend the UW Madison campus next fall. The time has come, he said. MIAMI BEACH, Fla.

(AP) makeup of the convention delegates, and like the nation, he Gov. Reubin Askew has called "when we must stop talking about an American dream and on Democrats to spearhead a start listening to the dreams of coalition of protest for change Americans. land. Fischer, the challenger, drew black, leaving Spassky, the present champion, with white and the first move. (AP Wirephoto Sketch) in America.

"There is indeed a new coali CHESS ON THEIR MINDS-Sketch shows American Bobby Fischer, right, and Russia's Boris Spassky, the pair which began the richest and most publicized world chess championship match Tuesday at Reykjavik, Ice "Americans dream of a day when they're at peace in the world, and at peace with them earns. If the balance 'of payments is against the United States as it has been for a good many years now, it means that the dollar is weaker. A long unfavorable balance of payments, like continued loss of weight in a human, is a sign something is wrong. Don't Confuse However, don't confuse the balance of payments and the balance of trade. Payments are the total money involved in foreign trade, while the balance of trade is only exports matched against imports.

But the balance of payments symptom is not definite it is a long-term one. Lack of balance for a quarter or even a year is not serious. What is something you can look for every day for a check on your country's health in international finance? Perhaps the best daily check is the price of gold. The dollar tion in this country, a coalition of protest," the Florida governor said Tuesday night in the kevnote speech to the Demo selves. They dream of a day when all the fathers and all the Meat Need sons, in all the prisons and jun cratic National Convention.

found differences in the party. The coalition "has the potential to unite Americans and make a difference in this country, but only if it holds together," he said. "Let us remember that this nation was founded on diversity, that our differences can be a source of strength as well as weakness, that a good and open fight can be a vigorous way of searching for the truth, that while no one person or group possesses the absolute truth, every person and every group has something of value to offer," Askew said. countries which help the United States with larger meat exports now will be favorably considered when 1973 meat quotas are set. "It includes black and white, gles of Asia, not only come home again, but come home to Seek to Cut Trade Deficit young and old, norm ana South, right and left, some of the rich, most of the poor, and stay.

"A day when we spread de Emphasized WASHINGTON (AP) Assets of private oension funds other than those adminis millions of overtaxed and overcharged middle-income Americans as well." Membership in U.S. churches and synagogues stood at nearly 132 million in 1971, according to the 1972 Yearbook of American mocracy abroad by making it work in our own country, a day when we place more value on human happiness than the Treasury Secretary George Shultz and other government tered by insurance companies WASHINGTON (AP) The He found the "face of Amer exceeded $100 billion in book officials meet today with repre I Churches. gross national product." value, in 1971. ica" in the newly broadened sentatives 'of 12 meat-exporting countries to emphasize the United States will be seeking ways to cut its mounting trade deficit with Japan now running at about $3.5 billion to $4 billion this year at the first economic talks to be held with American need for more meat. used to be worth $35 an ounce, but as it weak3ned, the price oi They will be told that, "The gold rose.

Since economics is a American market for meat is now wide open and we will take all you can send," a spokesman seesaw when something goes up, something else has to come down that means the inter SAVE $7 said. national value of the dollar is Besides Shultz, other U.S. officials at the meeting will include representatives of the De COST INSTAllATION AVAItABU partment of Agriculture, the down. You can check how far down by watching the price of gold, now around $65 an ounce. Another check is the price of foreign currencies, but this must be used with caution.

If Japan's new government July 25-28. U.S. Ambassador William Eberle, the special trade representative of President Nixon, will head a delegation representing the Departments of State, Commerce. Treasury, Agriculture, and -Labor at policy-level talks in Hakone. The United States would like to see Japan further liberalize its trade and end its import quotas on agricultural goods and computers.

American officials also would OUR DOUBLE the price of the British pound goes down to $2.40 from its old level of $2.60. it doesn't neces Cost of Living Council, the President's Council of Economic Advisers and the office of the special assistant to the President for consumer affairs. The countries invited were Australia, New Zealand, Mexico, Ireland, Guatemala, El Salvador, Honduras, Nicaraia, Costa Rica, Panama, the Dominican Republic and Haiti. sarily mean the dollar is worth more. It could mean as it does in the current money turmoil- 22-78 BELTED WARDS RIVERSIDE SUPREME SHOCK ABSORBER LIFETIME REPLACEMENT GUARANTEE For at long at you own Ida car on which Installed, Montgomery Ward will furnish free replacements (or any Wverslde Supreme Shock Atnarber which fail for any mm Montgomery Ward originally Installed Hi hock absarbers, It will Initall replace-monlt fro.

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AND TRADE-IN TIRE In that case, check the price of the German mark, which is one of the world's stronger cur like to see the government of Premier Kakuei Tanaka encourage more purchases of U.S. products including feed grains and military hardware to bring President Nixon recently announced the lifting of restraints on meat imports in an effort to check rising meat costs. The rencies just now. If the price of i WX goal is to increase meat im- the pound goes down, but the Japan's purchases from the price of the mark is going up at norts by more than 11 per cent United States more closely 'in line with its sales to this coun this year. the same time, that means the dollar as well as the pound is The United Ses weak.

1.112 billion pounds of meat In 1971. The U.S. spokesman said Pounds, marks, and yen are lOUR 1COTH ANNIVERSARY YEAR the best currencies to watch The French franc is so sur WARDS DOUBLE-BELTED 22-78 2-pIy rayon cord body soaks up bumps and thumps for a smooth, quiet ride. 2 rayon belts help stabilize the wide tread for long mileage, tight traction and a comfortable ride. try.

The trade deficit amounted to $3.2 billion last year and it appears headed now for increases of $300 million to possibly $800 million as the result of heavy U.S. purchases of Japanese consumer goods such as automobiles, steel, textiles and consumer electronics. rounded by regulations in its connection with the dollar that comparative prices can give a false And the Italian '2 OFF SUPREME SHOCKS Guaranteed for as long as you own your carl Tough nylon piston sleeve. REO. 9.9? 1A.

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Robert S. Cook has been reappointed to the state Pesticide Advisory Council, Gov. Patrick J. Lucey's office announced Tuesday. Cook, appointed in 1969, is chairman of the council, which is responsible for assisting the Presticide Review Board in obtaining scientific data and coordinating enforcement, research and education on IWeltherf equivalent obligation to accom 95 plish something on their own and that they, too, owe a debt to others which they are not re 1 house pait- paying." B7S-13 TBLS.

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