The Courier News from Blytheville, Arkansas on April 27, 1967 · Page 7
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The Courier News from Blytheville, Arkansas · Page 7

Blytheville, Arkansas
Issue Date:
Thursday, April 27, 1967
Page 7
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Page 7 article text (OCR)

Elgh( - Blythevllle (Ark.)' Cuurler News - Thursday, April SI, tW7 Hot Air Floats Gold Balloon By JOHN CUNNIFF AP Business Analyst NEW YOR K(AP) - It was i jnad and boisterous scene in th eld, old drama of gold and wha the United Stales should d< about it since internationa trade depended upon it. Essen tially it was a comedy. The United States pegs the price of gold at $35 an ounce and thereby gives a stable base from which the relative value o:' currencies can be judged. Because the United States is running low on gold these days : it was suggested this month thai we might consider withdrawing this pledge. Eyebrows rose, ant world bankers froze. The emotion rose too. Innocent statements were delivered into explosive contexts. Casual remarks became meaningful innuendoes, denial convincing affirmation. For a time It looked like a complex plot. The nation's two largest banks started it all. They brought up the touchy subject oi what the United States should do in the event it could not give gold in exchange for dollars. Gold is in much shorter supply than the potential demand for it. On Apri! 4 the Chase Manhattan, second largest, suggested that the United States would, in a crisis, consider terminating the privilege given foreign central banks of trading their del lars for gold. Two days later Rudolph Peterson, of the Bank of America expressed similar thoughts in a speech here. His bank, based in San Francisco, is the largest. Now, when the two largest commercial banks in the nation touch on the same subject two Today IB History By THE ASSOCIATED PRESS Today is Thursday, April 27, the 117th day of 1967. There are 248 days left in the year. Today's highlight in history: On this date in 1822, Ulysses S. Grant, commander of the n- ion Army and 18th president of the United States, was born at Point Pleasant, Ohio. On this date: In 1521, the Portuguese navigator, Ferdinand Magellan, was lulled in the Philippines by natives. In 1791, Samuel F. B. Morse, Inventor of the telegraph, was born in Charlestown, Mass. In 1882, poet and essayist Ralph Waldo Emerson die! In 1939, Gen. George Marshal was appointed chief of staff ol the U.S. Army. In 1941, the Germans captured the city of Athens in World War II. In 1945, American and Rus sian troops met at the Elbe Riv. er, cutting Germany in two. Ten years ago—Eleven deac were counted in a week of tornadoes and rainstorms in Texas. Five years ago—Maj. Arch E, Roberts was relieved from active duty in the Army after an Investigation determined he hac violated the traditional standards of conduct for an officer. ORIENTAL LOVELY, Gfeella Ma WalXtt will be *inong the world beauties vying for the title Miss International Beauty in Long Reach, ttllf- April 29. Ninety iW« from the BO (fates and 40 foreign countries will compete. The finals will be telecast live and to color on ABC-TV from 9:30-10:30 p.m, EST. days apart, anyone is entitled to believe in a plot. Much of Europe did so believe. This, they thought, was a trial balloon. After all, hadn't Treasury Secretary Henry H. Fowler mentioned something similar in conversations at Pebble Beach, Calif., only a few weeks earlier? And weren't representatives of both banks there? Chase felt compelled to issue a clarifying statement, ordinarily a welcome move. In the context, however, it probably provoked further speculation. Was American policy changing? Interest and confusion were being compounded daily. Meanwhile, it appears, Washington officials themselves were frying to find ou( how it ail rieii. Judging from comments, some bureaucrats weren't quite, sure it wasn't a balloon and so felt they had bel- ter know. The Daughters of the American Revolution also were revolted by the very idea of not maintaining the price of gold, and so they passed a resolution, unanimously, expressing alarm. 1 By this time less and less was being heard from the horrified early participant. Bui now Washington seemed to be recovering. It said Chase and Bank of America had been speaking on their own; their statements weren't trial balloons; they didn't originate in Washington. And so, it seems, ii wasn't a balloon at all but just hot air rising, enough hot air, reassuringly, to float a balloon almost anyiime at all. NEWS BRIEFS 'j x'.-£^V< • *• • ,JW*-. .' EL CAJON, Calif.. (AP) What, a winter-bare beauty like the liquidambar as official tree? The choice is that of the Chamber of Commerce and the Cajen Woman's Club, but»« city par and recreation commission rejected it out of hand. The llquidsmbar'j leaves fall off every winter, noted the commission—hardly symbolic of the mild year-around climate of Southern California. HONOLULU (AP) - The U.S. Pacific fleet is sending 13 ships to visit 11 Australian and New Zealand ports next month during the observance Of *e 25th anniversary of the battle of Coral Sea. . The guest of honor will be Adm. David L. McD&nald, U.S. chief of naval operations. McDonald, accompanied by his wife, will visit seven Australian and three New Zealand cities during the 20-day observance. PHILADELPHIA (AP) Keeping in trim the year 'round shouldn't cost more ftan a pair of shoe soles, says Dr. Walter Bortz, a physical fitness expert. "Just walk a mile every day," said the director of two major research programs on obesity and metabolic disorders at Lan- enau Hospital during an interview. PROVO, Utah (AP) - Ester Pooley of Gonado, Ariz., beat out 11 competitors for the Miss Indian of Brigham Young University by adding a new twist to Indian tradition. HERMON JONES BUSINESS MEN'S ASSURANCE CO 1410 Union Aft. Phone Mempbli 4, fenneiM* Call tor tnn consultation. Inswaaw '«* "«»«• M ">'»1 | >« Key Maa Ptrtnerenlp -.n* Corporation 0»n!> PantloB ««tli»- ment and Boipltallzatioa. TOGETHERNESS CONTINUES for sisters in Chicago. At left, Mrs. William Bostedt holto a new danghter, Glory Marie, in Alexian Brothers Hospital ta Elk Grove Tillage, white her sister, Mrs. George Brustcd holds her own, Susan Rose, born the same day, ta Northwest Hospital. Thrle years ago, Mrs. Bostedt and another sister, Mrs. Margaret Darts ga?e birth to sons within two hours and seven minutes of each other. Anniversary tire sale! CUSTOM LONG M1LER 4-pBy nylon cord NOW 97 plus $1.59 Fed. excise tax, blsetcwalfc with trade-In, Size: 5:90/6:00-13 15 Sale Prices for a limited time only. SALE PRICE FEDERAL with Trade-in EXCISE TAX 15.97 16.97 18.97 19.97 22.97 24.97 17.97 27.97 2.08 2.04 2.21 2.23 2.38 2.33 2.56 2.53 WHITEWAUS ONLY $2.97 MORE Ho money down. Free installation! The BFG Tire Calculator lust answer 7 simple questions about how you drive— speeds, roads, loads. And the Calculator tells you which tough, dependable BFG tire will suit you best and cost you least—for the kind of driving you do. No confusion about tire grades and prices. Just straight-talk—straight from our Calculator, The straight talk tire people. Priced as shown at BFG stores; competitively priced at BFG dealers B.F. GOODRICH 330 N. Broadway Phon« PO 3-8116 5350,000 WORTH OF PRIZE AWARDS... 1,241 PRIZES IN ALL TO BE AWARDED DURING OUR •HOUDAX 101 "Holidays for Two" at the fabulous Holiday Inn in (he Grand Bahama Islands! Come in and see how you can win! Hubbord and Hoke Appliance Department in Blytheville and Osceola offers the prizes above. If you don't win one of the prizes listed, you can still be a winner if you purchase one of the following specials by RCA-Whirlpool WHIRLPOOL WASHER & DRYER 95 Save $90 Both For Only 339 With Acceptable Trade WASHER DRYER 2-speed, 3 cycle RCA-Whirlpool washer for pro per fabric care. A water temp selection, including cold wash. Big 14 Ib. tub and big '/zHP motor assure you of plenty of power for every day washing. 2 year warranty on all parta. 5 years on gear case. Free nromal hookup, free delivery. Matching RCA Whirlpool Dryer gives you t drying cycles that dries every load just right. No. 1 setting for light, delicate fabrics. No. 2 permanent washing fabric. No. 3 for heavy fabrics. No. 4 for extra heavy fabrics, bedspreads and rugs. No. 5 gives you up to 72 minutes o timmed drying. RCA WHIRLPOOL SPACE SAVER HAS SPACE GOT YOU DOWN? Then all you need to do is see this Whirlpool washer. Only 24 inches wide, yet does a Irage family size wash. 3 wash cycles ... 3 water temp selections ... 2 water levels ... In your choice of white or avacado. SAVE $60 With Acceptable Trade Free Delivery - Free Parking At Our Back Door HUBBARD & HOKE APPLIANCE DEPT Blytheville

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