Freeport Journal-Standard from Freeport, Illinois on July 1, 1968 · Page 21
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Freeport Journal-Standard from Freeport, Illinois · Page 21

Freeport, Illinois
Issue Date:
Monday, July 1, 1968
Page 21
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Page 21 article text (OCR)

Tariff Cuts Should Boost Sales Abroad By CARL HARTMAN Associated Press Writer PARIS (AP) - Sales of American goods abroad should get a badly needed boost from wide-ranging tariff cuts made today in 20 countries as a result of the 1967 agreements. Kennedy Round But emergency measures decreed by President Charles de Gaulle's government as a result of the May upheaval cast a shadow over prospects for freer world trade. Experts cannot estimate in dollars how much advantage the United States will get. There are too many small elements that could change the results. But the increased trade could 'ielp substantially toward reduc- <ng the $500 million annual deficit in America's foreign exchange account. Deficit Drains U.S. Gold It is this deficit that drains away American gold reserves and makes people wonder about the future of the dollar. American exports have been hampered by rising costs al home which have made them more expensive and less competitive in world markets. The last figures compiled show that for two months the United States has been buying more goods abroad than it sells. This is unusual and discouraging for U.S. economists. Normally American exports arc much greater than imports. Tiu 1 deficits in the past have come from Vietnam war spending, foreign aid, and the money paid out by U.S. investors and travelers abroad. Long Negotiation The Kennedy Round cuts took four years of negotiation. They are the most far-reaching ever undertaken in trade negotiations. U.S. experts estimate that they will eventually cut tariffs by an average of 35 per cent or $32 billion worth of goods now moving every year among non- Communist countries. Of this, more than $8 billion worth are American industrial exports. Farm' products are not so much affected. To prevent sudden shocks to industry, the cuts were spaced out over five years—20 per cent a year. The United States made its first cut last Jan. 1. pther countries decided to make two cuts today, including Britain, Japan, Canada, the six mem- bers of the European Common Market France, West Germany, Italy, Belgium, Holland and Luxembourg, as well as Norway, Sweden, Denmark, Finland, Spain, Brazil, India, Pakistan, Ceylon, Nigeria and Trinidad-Tobago. The six Common Market countries today are also ending their last tariffs against one another's industral goods and unifying their tariffs on imports from outside the economic community. Historical Site Dedication Ceremonies Held ST. CROIX ISLAND, Maine (AP) — Dedication ceremonies were held here Sunday for establishment of a national histor- America's first Christmas celebration was said to have been held in 1(504. Officials from the National Park Service and the State Parks and Recreation Commission were at the ceremonies on this tiny island in the St. Croix River in northern Maine. The island was the site of the first European settlement on the French explorers Sicur de Monts and Samuel de Champlain led a group of about 100 colonists. Dancer Dies LOS ANGELES (AP) Frank Nicholas Veloz II, eldest son of the dance team of Velo? and Yolanda, died Wednesday Negotiators Fall To Hasfen End Of Sf. Lawrence Strike OTTAWA (AP) - A sccrct- lour meeting between officials of the St. Lawrence Seaway au- .hority and union negotiators has failed to hasten the end of a strike that closed the waterway June 21. The meeting was held Sunday after an appeal from Prime Minister Pierre Elliot Trudeau that the two sides resume talks. The Canadian Brotherhood of Railway, Transport and General Workers, which represen'- !,300 seaway workers, modified its wage demand but refused a down still further. W.J. Smith, union president, said the authority took an "unwarranted, intransigent and inflexible position" after the modified demand was offered. The union proposed a 15 per cent wage hike over two years —10 per cent in the first year and five per cent in the second year. It had sought 20 and then 18 per cent on the ground that its members are paid less than their U.S. counterparts. The authority repeated Sunday its offer of 12 per cent over the Mr cent difference is "unbridgeable," he added. The authority Issued a brief tementmlbian staXXgpteehm statement blaming the Impasse on the union. The average, hourly wage for seaway workers is $3.10. management request to scale itltwo years, Smith said. The three fVEBYDAY Wednesday—July 3, 1968 STORE HOURS NO PURCHASE REQUIREMENTS! JUST LOWER PRICES! <-. 9A.M. to 9P.M. Enjoy your 4th by saving with "Revolutionary Food Prices," at Kroger, of course! Kroger Stores Will Be Closed July 4th I WELL I'LL BE ! SWITCHED Kroger! Even on perishables - like the meats, fruits and vegetables, on this page - which are subject to weather conditions, market fluctuations and other circumstances beyond our control, Kroger assures you of the best values we can offer you/Sale prices on fresh meats, fruits and vegetables good through Saturday, July 6. ^1 U.S.D.A. Choice Tenderay Swiss or ROUND STEAK U.S.D.A. Choice Tenderay SIRLOIN STEAK U.S.D.A. Choice Tenderay CHUCK STEWLSx Uth or Swift Pramium Fancy GOLDEN BANANAS Uth or Swift Pramium TAp Country Club Half Supreme ^ Wieners.... - Wf Boneless Ham . -1 29 Beef Patties 6 Boiled Ham... » $ 1° 9 fenier Slice Ham 99 C Smoked Ham..» All Varieties Kroger LUNCH MEAT U,S,D,A. Choice Tenderay BOSTON ROLL U.S.O.A. Choice Tenderay English ROTISSERIE ROAST ROAST PORK SLICED BACON LOIN CANNED HAM SLICED BACON Southern Grown FRESH PEACHES POUND WATERMELON Fresh California STRAW BERRIES The King of Strawberries! Smoked SHANK HALF HAM Oscar Mayer SKINLESS WIENERS Oscar Mayer SLICED BACON Oscar Mayer SLICED BOLOGNA 1500 So. West Ave. HOURS: Mon.-Tuas.-Wed. 10 A.M.-7 P.M. Thurs.-Fri. 9-9, Sat. 9 A.M.- 6 P.M. Freeport (III.) Journal-Standard Men., July 1, 1968 Pg. 21 No Progress In Illinois Bell Strike CHICAGO (AP) - The electrical workers' strike against Illinois Bell Telephone Co. went into its 55th day today despite efforts by Mayor Richard Daley of Chicago to settle the dispute. Representatives of the International Brotherhood of Electrical Workers and Bell officials met with the mayor for more than six hours Sunday, but were unable to come to terms on the wage disagreement. Illinois Bell President James W. Cook said after Sunday's session that his firm will ask the Federal Mediation and Conciliation Service to conduct a referendum, asking IBEW members to vote on the utility's latest proposal. The proposal, already rejected by the union's negotiators, calls for a $26 weekly wage increase. The union has demanded an increase of $29.50 a week. Robert Nickey, chief negotiator for the IBEW, said "No one can force a referendum on us." He added that things seemed to be "at a total impasse" following Sunday's meeting. Nickey said it would be profitable to resume the talks only when Illinois Bell is prepared to modify their offer. Cook said that granting the union demands "would do nothing more than to cause chaos in the telephone industry", and added a settlement on union terms"would be completely unfair to the more than 350,000 telephone workers across the country who have accepted the three-year contract. He warned that it would be "extremely difficult if not impossible" to hold the Democratic convention if the strike continues. Warsaw Pact Troops Leaving Czechoslovakia' PRAGUE, Czechoslovakia (AP) — Foreign Communist troops are leaving Czechoslovakia after completing Warsaw Pact maneuvers which had some observers in the Western world predicting Soviet intervention to oust the liberal new Czechoslovak regime. The end of the maneuvers was announced Sunday by CTK, the official Czechoslovak news agency. The war games were directed by Soviet Marshal Ivan I. Yakubovsky, the commander of Warsaw Pact forces. Why let lost cash shatter your vacation? Carry "the safe money" American Express / Travelers Cheques' If you carry wads of cash on a vacation, it could mean trouble. Lost or stolen cash could ruin your trip. The answer? American Express Travelers Cheques. The safe travel money. If they're lost or stolen,! you get a prompt refund and your vacation goes merrily on.* Next trip, carry the safe money that's spendable everywhere! and costsonly a penny a dollar.) A STATE BANK 11\ ofFREEPOKT

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