Alton Evening Telegraph from Alton, Illinois on August 26, 1963 · Page 9
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Alton Evening Telegraph from Alton, Illinois · Page 9

Alton, Illinois
Issue Date:
Monday, August 26, 1963
Page 9
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MONDAY, AUGUST 26, 1963 ALTON EVENING PAGE NINE *-I Wtf. MUM* Balance of Payments Is Key Issue By SAM tUWSOfr Af ttitolneM taw* A«nljrjrt NKW YOttK (AP)-A problem that everi ,thc experts differ in evaluating Jfet alone solving—the deficit In the U.S. balance of payments—has been dominating much of the financial and congressional hews in recent dflys. And It's no wonder If many ordinary citizens are- stumped. But to varying degrees the bal* nnce of payments between this country and the rest of the world Is Influencing: —the cost of borrowing at the bank and the Interest charges on the federal debt (paid In the long run by the citizen taxpayer); —The amount of U.S. economic nnd military aid Congress will vote for other nations; —The protection of the gold reserves that guarantee the good name of the dollar In world niono- tnry capitals; , Tariff IHMIA —The U.S. tariffs that some American Industries say should be raised and those of other nations that the U.S. government Is protesting because they keep American 'products out. In all of these three are other factors—economic -.stresses,' sectional goals or problems, domestic politics or international conflicts. But the stubborn balance of payments deficit plays a role In each. The nation's balance of payments is roughly like your month ly bank statement. For. you it's how your deposits slack up against the checks you write. For your government it's bow the receipts of dollars from abroad for American exports, re turn on investments, repayment ol loans, and so on stack up against the dollars that go abroad for inv ports, foreign aid, military eslab Mshments, investments in plants or securiies, travel. Since 1958 each year has seen more dollars going out the conn try than came back. The defici was a little lower last year, I still above $2 billion, but has spurted again' this year. To com bat this buildup in surplus dol lars abroad! that could be turned in for U.S. gold if foreigners ge worried abW the future worth o Yankee dollars, • the U.S. govern ment through its various agen cies has: ' . Interest Hike —Raised the interest on short term loans. This tends to keen'in vestment: funds' at home but'alsc raiseq 1 the • ca rrying chaiige on the growing federal.'debits'.we! as tending to make business boi rowing more expensive—and con ceivably could spill ovor into long term .borrowings, such as mor gages and school bond issues, —Tried to increase the existin surplus of U.S. exports over in ports. This flared into the chick en,war* when the European com mon market boosted the levy o American frozen fowl — and, o GETTING READY Mrs. Linda Hell, left, sponsor, and Sept. 3. The incoming students will be Miss Jane Hutte, Student Council prcsi- given a chance to worn out "first day" .1_»X J 11- A. ~. - ^-^.l. ^ l» At A t J *»•!__ 1. T*J J S Alj. J 1. „ I IJ» -1 ~.. J.I..........I* EdwardaMte Lions to Hear SW Architect EDWARDSV1LLE - John t>. nndall, associate architect of outhcrn Illinois University's Ed- /ardsvllle campus will present ie program at a meeting of the Sdwardsville Lions Club Tues- ay at 6:30 p.m. at the Trinity titheran School. Randall's program topic will e "Up From The Sod." He re- eived his B.S. degree in archi- ccture from the* Illinois Insti- ute of Technology and came to IU in 1961 with 15 years exper- ence in the field. The architect is an Instructor n the Fine Arts Division of South- rn Illinois University's Edwards- ille Campus. Charles Butler Is tfogram chairman for Tuesday's neeting. Dr. R. B, Patterson, a podia rist, has joined the club as a dent, talk to members of the Alton High School Student Council who will help out in sophomore orientation day jitters with the half-day run through of classes. /Joy, </-, Hurt <is Tricycle Hits Car A four-year-old Alton boy was treated for a head injury Saturday after his tricycle hit the side of a cur. Timothy N. Bock, 30<1 Dooley Drive, suffered a minor head injury after colliding with a car driven by Waller Webb, 254 Dooley Drive, He was treated at Alton Memorial Hospital. Webb lolcl police he was driving east on Dooley Drive when the child rode into the left rear bumper of his car on Dooley Drive near Henry St. List Committees For Flower Show ho other side of the coin, led he steel industry to protest that ow American tariffs let foreign steel flood local rrmrkes while old-time American steel export; markets have been lost. —Asked a tax on the purchase iy Americans of foreign securities from foreigners. This is bitterly opposed by many financial nterrests in hearings before con jress. And the fact that foreign aid usually approximates or exceeds the U.S. deficit in the balance of payments has been a strong talking point for its opponents. Foreign aid. is tied closely to U.S. international and defense policies. But it probably would win few popularity contests with taxpaysrs. So.the balance of payments deficit gives Congress a good • excuse for cutting it. All of these maneuvers in recent days may have given little assurance that the basic problem of the deficit is being solved. But WOOD RIVER - A "Sweepstakes" trophy will be presented to the flower exhibitor who accumulates the most points in the Sept. 7 fall flower show of the garden club in the Lewis-Clark Restaurant, East Alton, Mrs. L. D. Archer, president reports. Trophies will also be presented to the second and third place winners and in the junior section of the event. Awards will be made at 7 p.m. and the exhibit will be dismantled at 8 p.m. In addition to the trophies certificates for nursery stock and numberous ribbons will be presented. Prizes will be awarded in each of the 38 classifications of the show. All flower growers of the area may enter any one or all the classifications. Special Culagories Featured in the arrangements division will be several special categories: including an all white design in white container; companion arrangements in two containers; ; Christmas centerpiece; and miniatures; in addition to several classes for fresh cut and dried materials. Specimen blooms will be displayed in the horticultural division which has been divided into numerous categories to accomo- date a large variety of annual and perennial flowers and shrubs. A special table will be devoted to corsages, and another section of the show will feature educational cxhibiis. served as a special feature of the show with arrangements unde the direction of Mrs. Arthur Cro nan, Mrs. Stamper, Mrs. Albers Mrs. Draper, Mrs. Jeese Dively Mrs. Arvil Hacke, Mrs. W. H Emery, Mrs. Peter Merkus am Mrs. F. Hendricks. Handiwork of club member will be offered for sale in a varie ty booth with Mrs. Thompson Mrs. Kenneth Stover and Mrs Oliver Vernon as co-chairmen. Family Ucunion WOOD RIVER — Mr. and Mrs John H. Krohn, Quincy, wer weekend guests of her parents Mr. and Mrs. A. E. Meiners, 53 First St. Sunday the two couples with Mr. and Mrs. • Ed Meiner and family of Rosewood Heights went to Highland, where they wer joined by Mr. and Mrs. Jaco Gross, Mr. and Mrs. Melvin Gros and family, Mr. and Mrs. Georg Anderson and family, all of S Jacobs, for a family reunion an outing at Highland Park. QUITO — Ecuador may act t curtail imports further. Kane to Sing With Mtmy Band WOOD RIVER — Mrs. Joyce Kane, Wood ftiver, will be featured vocali&t at the 8 p.m. Wednesday concert of the Municipal Band In Central Park. Her selections will be: "We Kiss In A Shadow", from the "King and I", nnd "Wouldn't It Be Lov- erly", from "My Fair Lady". Ervin Mouish, manager, has announced the numbers by the band, under the direction of Chester Hughes, will include: "Burst Of Flame", by Bowles; "Tango For Band", Osser; "Blue Tango," Anderson; "Die Meistersing- er", Wagner; "The Misfits", North; "Ballet Parlseene", Offenback; and "The Klaxen March", Filltnore. new member. Dr. maintains offices in Patterson Edwardsville and Alton. He lives at 2909 Brown St., Alton. Our Ground Beef Is exactly the same every time You buy, the tame blend of l«an, rid beef and smalt quantitiei of fat. Jolt enough fat to enhance the flavor and keep It |uicy and tender. It It Ideal for hamburgers, meat loaf, ccmerolei, and other hot dithet, and It It backed by Trl- Clty Groc. Co.'t famout Injured meat policy: complete satisfaction or your money refunded. _ COOK'S PAINTS 1913 196] SALE! 140 BEAUTIFUL WALLPAPERS Giant Savings on Every Pattern in This Discontinued Album k Finest-Quality. if All Papers Washable. Ar For Kitchens, Bedrooms, Living Rooms, Bath*, fc- Full Array of Colors to Flatter Your Home. Come Early for Best Selection! Reg. 69' to *1.79 39-99 COOK'S PAINTS ,8 W. BROADWAY * * * the dollar's short-fall in international transactions has a part just now in the goings-on in Washington and Wall Street, and perhaps even at your local bank — and could play a still larger role in months to come. WORRELL PRIDE BACON 49 C Whole or Half Sides 8 to 10 Lb. Avg.—Lb. HUNTER'S READY-TO-EAT 1(1 to 18 LI). Avj{. Wliolo or Shank Half HAMS 55' D, S, OHOICK GROUND CHUCK ... 69c STURGEON BAY . APPLESAUCE . . 2. . 25c HI-C JUICE DRINK Your Choice of 12 OZ. 5 Delicious Flavors! CAN MASHED'POTATOES .. FANCY ELBERTA HOME GROWN PEACHES 4-49' BUSHEL $5.50 The Junior division of show will follow the same general pattern as the adult section, .with entries to be judged in two age levels: youngsters under nine years of age, and from nine up. Interested persons may contact any member of the club for further information on the various show classifications. Mrs. James Elledge is general chairman of the event, assisted by Mrs. Herman Schueler and Mrs. J, G. Lawrence. The Coinmitttcs Named as other committees for the event are: Mrs. Schueler, Mrs. Russell French, Mrs. Raymond Chandler, Mrs. Harry Sanders, Mrs. Joseph Glassey, Mrs. Guy Hearn, Mrs. Virgil De WerH, Mrs. Lawrence, staging. Mrs. French, Mrs. J. M. Delaney, Mrs, Theo Sheppard, Mrs. Chandler, Mrs. Vernon Ragus, horticulture specimens; Mrs. William Bacheldor Sr., Mrs. J. F. Traband, Mrs. H. Borgstedt, the Misses Bertha and Grace' Darling, house plants. Mrs. .Ernest Allen, Mrs. Arch-. 3r, Mrs. Sanders, Mrs. Ernest Lenington, Mrs, Thomas Paris, arrangements; Mrs. L. E. Sawyer, Mrs. Ragus, Mrs. Earl Stamper, miniatures; Mrs, Lawrence, Mrs. Earl Albers, Mrs. Glenn Pe Alley, Juniors. Mrs. Paris, certificates; Mrs. Schueler, Mrs, Elledge, publicity; Mrs. Schueler, Mrs. French, Mrs. Lenington, Mrs. Elledge, clerks; Mrs. De Werff, Mrs. Alqn- Draper, ..Mrs, Fred 'AJsberg,. Mrs. Paul Holder, Mrs. Arthur Berry, registration. Tht 2&th anniversary of the organization 'of the club will be ob- NATIONAL FOOD STORES 506 DELMAR—NORTH ALTON 337 E. FERGUSON—WOOD RIVER EASTGATE PLAZA SHOPPING CENTER 1st Guts NEW JONATHAN APPLES - 49c FANCY • / • '•"" •'•' GREEN BEANS ... 2 29c I i PEARL MARKET i Conveniently Located in the Center gt Alton I 886 A VjB, FJUSKI>AI»«NG I»«NG 29c SALE!! Dozen Grade A Smull Fresh COUNTRY EGGS DOZBN EAHS SWEET CORN TOMATOES 4 LI). Btwket YOUU CIIQIWS .^^P, ^^. ONIONS 5 BlUT y. Peck Bucket GOLD, RIPE BANANAS K Peck Duiket SWEET POTATOES BROADWAY & MAIN DRIVE-IN PRODUCE MARKET 2530 Eaft Broadway SAVINGS For EARLY In The WEEK! FRESH AND LEAN PORK CHOPS FRESH, LEAN, CENTER CUT RIB PORK CHOPS MICKELBERRY'S OLD FASHIONED SMOKED LINK POLISH SAUSAGE 49 FRESH LEAN GROUND BEEF TOP TASTE ENRICHED, WHITE SLICED BREAD 20 Oz. Loaf "Dawn Dew" Fresh Produce Values GOLDEN RIPE Bananas WE RESERVE THI RIGHT TO LIMIT NO SAlE TO DEALERS fresh lean CATS 10 HO 5-5812 Northern Grown — Hus»Bt BAKING POTATOES . . 10^79' Nutwj US Spore HMri» Fancy Stick BUTTER 59' Pkg. With Coupon at rllfUt, NATCO BUTTER I 111, PKG. ft«c With this coupon and a $1,50 additional purchase or more. Excluding fresh milk product*. Uedeemable ut your friendly National pood store. Olfur expires Saturday, Autiuit 3||t. Limit One Coupon to a Family. PRISES GOOD THROUGH WEDNESDAY. AUGUST 26th Old fashioned style, flavored with 7 savory spices 14-QZ. bots.

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