The Kingston Daily Freeman from Kingston, New York • Page 16

Second Section Jfmttran GENERAL NEWS SPORTS CLASSIFIED ADS CITY OF KINGSTON, N. THURSDAY EVENING, JANUARY 20, 1966 SEVENTEEN Business Mirror Bv SAM DAWSON AP Business News Writer NEW YORK (AP) Boasting: the interest rate on U.S. saving's bonds is in part a necessity and in part a drive to raise the federal debt in the form least likely to feed inflation. The U.S. necessity arises from the drop in sales of 1 Kinds in recent weeks and the in redemptions of lionds already held bv the pub-, lie.

In 1965 sales slipped by 2.7 per cent from 1964. But in December sales were 11 per cent below those of a year ago. Competition Tough At an interest rate of per cent. since 1959. the bends compete with returns that the small investor could get from several other forms of savings.

And in recent weeks institutions offering these other forms commercial banks, mutual savings banks, savings faster when you look for needed numbers in the telephone book. To avoid dialing numbers twice, or dialing wrong numbers, please check your phone book first. And if you underline numbers in the phone book or write them on a list, you'll find them faster next time. LOOK IN THE PHONE BOOK-TO BE SURE! New York Telephone and loan associations have been spiritedly competing to lure savings their way by raising still higher the interest or dividend they wall pay. The need to raise the federal debt and to make such an increase as uninflat ion ary as possible is clear.

Even the mast optimistic view of the forthcoming administrative budget is that there will be yet another Treasury deficit. And the more comprehensive cash budget, including income and outgo for such agencies as Social Security and highways, is too iffy this far in advance of the 1967 fiscal year to insure the Treasury against the need to sell more securities to keep its cash till from being empty. Least Inflationary Tinge The security that has the least inflationary t.ingc probably is the savings bond. That is because the Ijuyer uses money he might otherwise be sending for still more goods and services. And he usually puts the bond away, thus keeping the money out of circulation.

He seil the bond to his banker or loan company. but redeem it only through the Treasury. Some other Treasury securities, if sold to banks, are considered inflationary. They are marketable, and often dubbed the next thing to money itself. And the bank pays for them by setting up Treasury deposit accounts.

While these are being drawn down, the bank has a lot of monev on hand it can lend thus swelling the supply of credit. Or it can sell the Treasury securi'tv and use the proceeds to make loans. So the Treasury would like to see as many of its securities as possible in the hands of the individual savers and preferably tucked away for a long stay in strong boxes. Right now' the administration seems particularly anxious to have such money out of circulation. If savings bond redemptions rose too much, the onetime savers might be using the Automated PO Bugs Removed, Others on Way ENLIST IN Marine Corps Recruiting Station here has announced the enlistment of two Kingston youths on Jan.

12. They are Pvt. Chester J. Joy, left of Mr. and Mrs.

Chester E. Joy, 49 Harwich Street, and Pvt. James J. Sisco, son of Mr. and Mrs.

James J. Sisco Sr. of 72 Harwich Street. Both young men enlisted in the Marine Corps Buddy Program and will undergo eight weeks of recruit training together at Parris Island, S. C.

The two new local Marines are both graduates of Kingston High School and, prior to enlistment in the Corps, were employed in the local area. Methodists Back Missions BUCK HILL FALLS, Pa. (AP) Methodists gave more for missions in fiscal 1965 than ever before, a report says, but individually they contributed proceeds to bid up prices of the goods and services already in strong demand. And rising prices spells inflation. FREE DELIVERY ON ORDERS OF $5.00 OR MORE TWO DELIVERIES DAILY 10 A.

M. 1:30 P. M. 662 Broadway BROADWAY MARKET "Where Prime Beef is Always Available" Phone FE 8-4300 CROSS RIB ROAST First Prize Pork Roll LEGS LAMB CORNED BEEF LINK SAUSACE TURKEY BREAST Boneless Solid Meat For Pot or Oven Roast Boneless Solid Meat Fresh Killed or Butt Half Add Delivery Charge Choice Lean Boftom Round Dubuque All White Meat 98 79 75 71 75 89 lb lb lb lb lb FRESH KILLED GRADE A I Very Fine Gov't. Graded Fryers Roasters CHOICE BEEF hole Split Cut I I CENTER CUT or Breast Quarters jm ib.

45 ib. Chk. Steak 59c SHORT CUT FANCY FRESII RIR STEAK 89' I M' BREAST FRESH CHICKEN LIVERS FRESH GRADE A FRESH CUT CHICKEN Beef Heart 49c '5PkStk. 161.09 I tre IL Lean LCUj Fresh Ground Chopped BREASTS Ib. MFAK 79c Very Fine Grade Frozen Fresh Lean Pork 5 2 i-W tllDC JlCak lb.

07 First Prize Old Fashioned H'burq Patties Ib. Head Cheese Ib. BREAST STEW UMB Fresh Ground BEEF, VEAL, PORK Meat Loaflb 69c Tobin Special Lean Sliced 3 Ib. RIB PORTION PORK LOIN or HOME MADE FRESH Pork 75e LAMB SHANK Ib. 14 oz.

bot. TETLEY TEA BAGS BEECHNUT COFFEE SNIDER'S KETCHUP PREMIER MAYONNAISE BERNICE APPLESAUCE .15 02 jar BERNICE BEETS slicod 1 can CUT-RITE WAXPAPER 125 ft 2 for 64 for lb 2 Quart RIVER VALLEY 6 oz. OOc Orange Juice PEAS FRIED POTATOES AFFLES SQUASH OR APE JUICE SPINACH MINUTE MAID 6 oz. ORANGE JUICE 3 59c SUNKIST LEMONADE 6 oz. 4 49 MORTON 8 oz.

CHICKEN BEEF TURKEY PIE 4 for 75c BERNICE 1 Ib. can CUT GREEN BEANS CUT WAX BEANS PEAS CARROTS, CORN SLICED CARROTS 2for 35e $3.56 a year or about seven cents a week. Eh-. H. Cornwell Snoke of New i York, chief financial officer of the Methodist Board of Missions.

said the board had for the fiscal year a total of $36,732,064, an increase of $622,711 over fiscal 1964, the previous record 1 vear. PROVIDENCE, R.I. Postal workers say they have gotten the bugs out of the $20- million mechanized ixxst office in Providence, and now Postmaster General Lawrence F. Brien says similar equipment will be installed in post offices across the nation. "I think mechanization has proven to be says Postmaster Harry Kizirian of Providence.

learned a lot I from it. Mechanization is the answer to speedier mail serv- announced Tuesday in Washington that mechanization equipment will installed in 109 city post offices that handle 60 cent of the annual 74-billicm-piece flow of mail. He said the program would cost $65 million by June 30 and is aimed at next-day delivery of mail across the nation. The new equipment includes elosed-eircuit television and optical machines that electronical- i Iv read zip codes. At first some of the automated equipment installed in Providence back in 1960 began chewing up assorted letters and packages and spewing them out i at odd places.

Mail was frequently delivered in damaged form. Kizirian says the mechanical flaws in the modem building built in the shaiie of a vast Quonset hut have been ironed out. The Providence post office has been exixmded to include general mail distribution to 65 satellite offices in Rhode Island and 42 offices in southeastern Massachusetts. Kizirian said the post office could handle even more mail. With the now equipment, he said, his office processes an average of 1,800,000 pieces of mail a day.

compared to one million before automation. Recorded background music and an md to much of the drudgery of hand mail sorting has brought alxxit a marked change in employe working conditions. said there has tjoon no cutback in personnel at the satellite offices and there i been an increase of about 2501 permanent employes at the con-1 tral office. The Providence post office I has come in for criticism, prin-1 cipallv because of the cost of its construction and operation. Last March, former Post- BRIDES A beautiful Bridal Gown Veil especially designed for you at Let us help you plan for the most important day of your life.

Day or Evening Appointments or drop in to browse. master General John A. Gro nouski called the office disastrous that had relation to and proved that mechanization would not solve the ixjstal problems. Testimony before a House subcommittee on rxjst office appropriation in 1964 indicated that the facility was costing $1,776,000 more a vear to operate after mechanization than before. Kizirian said he did not know if this was still tine.

Diapers for Saigon FORT WALTON BEACH, Fla. (AP) Climaxing a month-long campaign, a truck has left here loaded with 57,000 diapers for Saigon babies. The truck headed Tuesday for Mobile, where the donations will be placed aboard a ship for South Viet Nam. DOREEN'S 297 WALL STREET KINGSTON, N. Y.

FE 1-6047 or 338-1922 Make a new size in luxury cars a young man can afford, and what happens? Ambassador sales are already running 42 ahead of last (And last year was hottest in history!) Take one look at our new DPL hardtop and you know why. You get plush cut-pile carpeting, paneling with the look of hand-rubbed walnut, reclining bucket seats, center armrests front and rear. richest interior," says Motor Trend magazine.) Every Ambassador has coil-spring seats and Double-Safety brakes, like Cadillac. Price? Like Impala, Gal- axie, Furylt See and drive the exciting Ambassador! New from American quality is built in, not added on. See your friendly American Dealer FRANZ RAMBLER, INC.

154-156 Clinton Ave..