Galesburg Register-Mail from Galesburg, Illinois on July 10, 1963 · Page 25
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Galesburg Register-Mail from Galesburg, Illinois · Page 25

Galesburg, Illinois
Issue Date:
Wednesday, July 10, 1963
Page 25
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Golftabugg Registcf*Mail, Galesbura, Ml. Wed,, July IQn 1963 25 OuRiUOSTQRS "You think these shots srt funny* Effsndl? You oughta sss my fsstl'* Tight Credit Might Retain Cash at Home By SAM DAWSON NEW YORK (AP) - Tightening credit in the midst of an abundance of money is the neat trick that the nation's top money managers would like to try. The idea would be to give those who have funds to lend for a few weeks or months a higher return than at present, but'at the same time make it no more expensive for you to buy on time or to finance a new home or for businessmen and local governments to handle their long term borrowing needs. The goal is to keep available short term funds contentedly invested at home instead of swelling further the coffers of foreign businesses and governments. Some New York bankers say the trick can be done—that is, raise the charges the U.S. Treasury pays for short term bills and that bankers pay when they borrow from the Federal Reserve, but leaving untouched the prime rate that bankers charge businessmen witii the highest credit standing. The money managers actually have been carrying out this split policy for some time in their fight to cut the outflow of American dollars and gold. They've kept short term rates fairly high compared with those on long term loans. Now the top' financial men in Washington are talking of making short term borrowing even costlier—and still hopefully keeping long term money comparatively easy. Treasury. Secretary Douglas Dillon says a study by the Federal Reserve Bank of New York indicates that a rise' in short term rates here could cut this nation's balance of payments deficit by $500 million. Since the balance has been running against the United States at an annual rate of $3.2 billion, every little bit would help. New York bankers have been talking for at least two months of the probability of a hike in the discount rate to make short term borrowing more expensive. This rate is what the Federal Reserve charges member banks to borrow funds. This rate traditionally sets the pace for the banks' own charges to their customers, READ THE WANT ADS! Cookie Hint: Make Now, Bake Later Make up these refrigerator cookies and bake them as needed. Skillet Lamb Chops Stewed Tomatoes Mashed Potatoes Bread Tray Fruit Brown Sugar Cookies Brown Sugar Cookies 2 cups sifted flour 2 teaspoons baking powder V\ teaspoon salt Vz cup butter or margarine ,1 cup dark brown sugar, firmly packed 1 egg Vi cup medium • fine chopped walnuts Sift together the flour, baking powder and salt. Cream butter and brown sugar; beat in egg thoroughly. Stir in sifted dry ingredients, then walnuts. Pack firmly into empty frozen fruit juice concentrate (6-ounce size) cans; cover tightly with foil or plastic wrapping; dough will almost fill 3 cans. Chill several hours or overnight. Remove bottom of can; use bottom to force out dough. Slice - %-inch to ft-inch thick. Place, several inches apart, on lightly greased cookie sheets; bake in moderate (375 degrees) oven for 8 to 12 minutes. Do not over bake; cookies ^should be a pale brown color.' Yield will depend on how thick you cut cookies. Landmark At Laura Is Razed LAURA — Another old landmark is being torn down. W. A. Brown is razing the William H. Brooks hardware store. After the death of Mr. Brooks his son Harry carried on the hardware business till his death, then all the stock was sold at auction. Laura Briefs • Mr. and Mrs. Sidney Webster of Ptoria, Mr. and Mrs. Francis Webster of Elmwood, Mr. and Mrs. Gerald Webster of LaFayette, Miss Mary Webster, Mrs. Keil Carroll and their aunt, Nell Conley of West Jersey, were July 4 dinner guests of Mr. and Mrs. Dan Webster, Donald Tally and family of Washington, D.C., were calling on friends here the past week. Tally is a former resident of Laura. His parents are Mrs. Doris Tally and the late Willis Tally. Mr. and Mrs. Vernon Carlson and daughter of Minneapolis, Minn., are visiting at the home of Mr. and Mrs, Cliff Ensley, diet rite cola ONLY 2 CALORIES PER CAN! Low in calories k High in flavor y < » * > AVAILABLE AT YOUR GROCER leyil Crown Bottling Co., Qistr. - G#le«buro. - Ph. 942.9139 i ROUND STEAK TENDER JUICY ROUND BONE SWISS STEAK Fresh Ground Several Timet Doily td ^ P HAMBURGER 3-1./J SKINLESS WIENERS TRY THIS FOR B-B-Q CHUCK STEAK , b RATH S Mulberry Sliced BACON..... GOV'T INSPECTED WHOLE FRYING CHICKENS lb. SPECIAL OF THE WEEK IMPERIAL BRAND FRUIT COCKTAIL 21/2 SIZE TINS Go I Ion Ctn. SWANS DOWN CAKE MIXES ASSORTED FLAVORS BOXES BORDEN'S COTTAGE CHEESE CHEF FROZEN FRENCH FRIES MACARONI 9-OZ. PKG. 39c VALUE ST. LOUIS BRAND LB. PKGS. CHICKEN OF THE SEA CHUNK TUNA COLORED OLEO .b ..*r DINTY MOORE Beef Stew 24-oz. ^ ^\ 49c Value CUDAHYS FLAKO Shortening c" 49c 9-OZ. Tin NO. 1—931 SOUTH SEMINARY STREET NO. 2 — GRAND AVENUE AT MICHIOAN OPEN SUNDAYS — 9 to 1, 4 to 7 P.M. WE RESERVE THE RIGHT TO TO LIMIT QUANTITIES. PRICES EFFECTIVE THROUGH JUtY 14. Free $ 100°° HI-LO PRIZES Mutt Be 18 Years or Older — Every Week, Nothing to Buy — Just Register. $50.00 U.S. Savings Bond $25.00 U.S. Savings Bond Five $5.00 Cash Prizes Drawing every Monday morning — Winners names will be in weekend ad and posted in stores. HI-LO WINNERS WEEK ENDING JULY 6 $50.00 BOND—Don Appleby, RR 1, Galesburg. $29.00 BOND—Dee Enes, 2130 Grand Avenue $5.00 CASH WINNERS Mrs. Doris Morris, 832 E. 3rd St. Bill Lamb, 720 Whiting Mary Farrell, 404 State St., East Galesburg Mrs. J. O. Root, 1248 East Berrien Marian Welsh, 269 Illinois Ave. YOUR CHOICE CERTIFIED RED LABEL YOUR' 303 Cut Green Beans . . CHOICE Tin . . • YOUR 303 CHOICE Tin CERTIFIED RED LABEL Cut Wax Beans CERTIFIED RED LABEL Whole Beets CERTIFIED RED LABEL YOUR 303 Sliced Salad Beets CHOICE Tin • • . YOUR 303 . CHOICE Tin CERTIFIED RED LABEL GOLDEN YOUR CREAM Style Corn CHOICE Tin CERTIFIED RED LABEL YOUR 303 Whole Kernel Corn CHOICE Tin HILLS BROS. HON CALORIE SWEET-10 Sweetener ST 69c I COFFEE 2 £'115 REG. 15c SIZE 14-OZ. CAN GOLDEN RIPE BANANAS LB. CELLO CARROTS NEW YELLOW ONIONS CALIFORNIA ORANGES ooz. v.

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