BUSINESS MIRROR
Individuals Shy at Investing
Cash in British Enterprises
By SAM DAWSON
New York, Sept. 15 W It may be quite a selling Job to get in
dividual Americans to put their cash Into British enterprises.
The political brass in Washington and London seem to think
they can induce private capital, which once flowed from the old
world to the new, to reverse itself, go back to the old country,
' and help allay the financial
I " Tl
Wed Robert C. Atkinson
and former Margaret Hastings
(above) have disclosed they
have been married since last
June. Mrs. Atkinson was the
WAC stranded for 47 days in
a lost Dutch New Guinea val
ley after an Army plane crash
in 1945. The Atkinsons make
their home in Annapolis, Md.
(AP Wirephoto)
Hello Week a!
High School
The first week at Salem high
school has been designated as
Hello week. Various Hello week
activities have been held
throughout the week.
A combined welcome - pep
assembly is scheduled for Fri
day morning. Principal E. A.
3 Carlton, ASB President Merlin j
sinuiKe, ucaii oi uins ivuss
bert, Dean of Boys Gurnee Flesh
er are to give welcome speeches
at the assembly.
Hello day cards are being sold
by home room representatives,
sales will end tomorrow night.
The final climax of Hello
week will be the "Hi Neighbor"
Stag - Hag to be held Friday
night from 8:30 to 11:30.
Other committee chairmen in
clude seniors Sue Perry, decora
tions; Leslyn Burdette, refresh
ments; Nancy Miller, posters;
Mary Feike, tickets; Janet Gal
ser, programs; Bob Meany, or
chestra; and Junior Billie Miller,
patrons and patronesses.
Lebanon has planned a 20
year reforestation program to
restore the cedars of Lebanon
which were famous in ancient!
times.
pains.
But you can't force an indivi
dual to invest his money in any
thing although, of course, you
can force Americans through
taxation to invest their collec
tive money in governmental
loans and enterprises.
However, the World Bank in
its annual report in the news
papers today stresses that this
financial aid for others "should
be derived mainly from private
sources. And the monetary
funds annual report, also print
ed today, says that the United
States must "encourage more
private investment overseas."
In financial circles most agree
that private American invest
ment abroad would be a fine
way, if it can be done, to com
bat the dollar shortage and get
the sterling area, and the world,
back in good financial health.
But in investment circles many
think that first there'll have to
be some changes made.
And they hope that the Presi
dent's committee for financing
foreign trade can find the way.
This committee of outstanding
American bankers and indus
trialists is charged with solving
the problems "of incentives and
of providing a suitable environ
ment for a high level of private
investment," according to the
Anglo-American-Canadian con
ferees. Investment bankers insist that
to date these incentives have
been lacking. They cite many
reasons why investments on this
side of the ocean can look like
better dollar-and cent bargains.
The shares of many American
corporations are bringing high
yields on the money it takes to
buy them higher than you
might think if you don't com
pare their dividend rates with
their market value instead of
their par value. That is because
they are marked down on the
stoVk exchange rates to prices
that broken Insist are bargains.
With seeming bargains like
these lying around, it's hard to
induce investors to put their cash
into new enterprises in this
country where they would have
to buy all these assets at cost
price.
This works double for over
seas Investments. Andre Istel,
investment banker who was a
French delegate at the Bretton
Woods monetary conference,
says: "If the Investor is thus
deterred from making any in
vestment in new enterprises in
the United States, he has many
more reasons to avoid invest
ments abroad."
What are some of these rea
sons? There are some obvious
ones in the case of investments
in Britain and the sterling area.
Fear of nationalization of in
dustries; fear of currency fluc
tuations; fear of not being able
to get profits out in dollars;
fear of political changes which
may imperil or destroy a favor
able economic climate; fear that
the British tax policies may
make profits either unlikely or
too small; and, finally, tear that
American tax policies may eat
up any profils brought back
here.
These are the fears that the
President's committee will have
to allay if it is to create
suitable environment for a high
level of private investment."
In the Minneapolis telephone
book the Olsons outnumber the
Smiths, 1646 to 1080.
v
1
WANT
WHITER
DUDS?
Rain Drop ftiaranteei em.
In any water, any washing
method, rain or thine, dried
indoor or out! No soap Rim.
s s
All the Brands
Capital Journal, Salem, Ore., Thursday, Sept. IS, 104B II
Modern Vitreous China
Unit Closet
Unit style modern design closet made 88
of stain and acid proof vitreous china. t
Positive flushing action assures quick wm tyP.
it, r ... . j CmplM, with
bowl cleansing. See it today. si
Salem's City-Wide
4-
4 f?
77 tl . I J I AS J I lfAIVSS
mmT - at a m m Htm M SMS M W -T f X m M M l LLnV V M mXZm
TUESDAY
SEPTEMBER 20TH AT 7:30 P.M.
Free Treasure Hunt
New Fall Windows
Automobile Show
Bands on the Streets
- TREASURE HUNT-
Tickets will be distributed by all participating stores all day
' Friday, Saturday, Monday and Tuesday. Match your ticket
numbers with the numbers on prizes in the store windows
Tuesday night!
You read
lome
25
The brands you know, the brands you want. Priced rightf
Prices Effective Fri., Sat., Sunday
SUGAR FOR CANNING I I New Store Hours Portland Road
spreckles Store 9 a.m. to 8 p.m.
If Q 5 OH O 1 3 Except Frl. - Sat., 9 a.m. to 9 p.m.
IU lb. bag. .. OwC Mm 3 lb. bag... Mm State St. Store, 9 a.m. to p.m. Every day
MARGARINE
KRISPY CRACKERS
SWANCO Lb. 22c
Finest Quality Guaranteed
lb.
SUNSHINE. .
Freshly Baked Crisp and Salted
1 bo 23c
3 " 25c
TOMATO JUICE swifts r. ., . 23c
GERBER'S BABY FOODS 4 ... 29c
FANCY PUMPKIN
Stock I'p Soon Be Time for Pumpkin Pies
SHRIMPS
Crisco
Shortening
DEWEY 5 oi. con
29c
Duz Wash
Powder Ofir
Large pkg mJ
Oxydol Wash
Powder 00
Large pkg siwl
Ivory Flakes OQr
Large pkg AUt
SUNSHINE CANDIES
CANNING
TOMATOES
Full Bushel
SUNKIST
r0 A kVlCC 344
Sir.e
98c
343c
SOLID GREEN HEADS
CABBAGE ,lh OC
HlDoAKU UK BANANA ft
BAKING SQUASH lb. OC
NOW AT THEIR BEST at f"
TOKAY GRAPES 3, 25c
35c
Sweet and juicy
SOLID GREEN HEADS
NETTED GEMS
POTATOES no! 1 10 ,,.
'Borden's Instant Mix M '"-j "n
HOT CHOCOLATE 23c
CANNING SALMON
COLUMBIA RIVER CHINOOK
29c
Extro Sleet Red Salmon In the Round Brought to Ui
Fresh Each Morning At the Lowest Price in Years Don't
Foil to Can Salmon This Year
Average Weight
10 to 15 Lbs
Every Salmon Guaranteed Buy It Now or Place Your Order
FRESH STURGEON Sliced Lb. 45c
RED SNAPPER Tsfir 29c Lb.
ARMOUR'S
and
CHRISTEN SEN'S
BEEF
V. S. INSPECTED
STEER BEEF
and HEIFER BEEF
We guarantee each cut advertised to be tender. frMh, and as ad
vertised. No limits on quantity. Sale on beef cuts Friday and
Saturday only.
SIRLOIN STEAK
RIB STEAK
T-BONE STEAKS
BOILING BEEF
Short Ribs and Brisket . . .
POT ROASTS
Extra Lean and Trimmed
45c
Lb.
SWISS
STEAK
49c .b.
19c Ib
39c l
HAMBURGER mm 29c h,
MUTTON
Mint Pillows, Stuffed
Mints, Lg. 14 oz. pkg.
Burnt Peanuts
8 oz. pkg
27c
17c
HORMEL'S SPAM
12 oz. can
HORMEL'S DEVILED MEAT
No. '
HORMEL'S VIENNA SAUSAGES
No. Vi
can Mm can
HORMEL'S DEVILED HAM
No. Vi con
Each
39c
3 19c
Mm cans 33c
17c
Marshmallows
Wnnderfood Fresh and Fluffy
Cello 2 fr 19C
1 lb. hulk 25C
NESTLE'S MORSELS
CHOCOLATE TIDBITS
8 oz.
pkg
2 35c
SLICED PINEAPPLE
Santa Rosa, No. 2 can
MARASCHINO CHERRIES
PENNANT
4 os. Jar
oi. 17-
Mm ,
Jar...
IS ns.
Jar..
FRUIT COCKTAIL
Del Monte, No. IVi con
29c
15c
49c
29c
ARMOUR'S
U. S. Inspected
LEGS CHOPS STEW
29c .b. 23c .b. 12 Vick.
SMOKED MEATS
ARMOUR'S STAR HAMS CQP
Half or Whole 'Lb.
ARMOUR'S
STAR PICNICS
45 c ib.
Tenderized, sugar cured and hick
ory smoked to give you eating fi
quality unexceiieu.
CHICKENS
Stewing Hens, drawn, cut up, pan
ready. i to 4'4 lb. average.
School
lundiuWstionS
Fresh Fig Bar Cookies
2Ih539c
Superior.
Peter Pan Peanut "J T
Butter, 12 oz. glass W IC
Del Monte Deluxe Plum
Preserves O F
1 In. tars . tor m-JC
179
I
each
Begmore Dog Food
3 Toll Cons 41c
Please Dog Food
3 Tall Cons 23C
t.D.vll'.fudg.. Wt.il,
CAKE
MIX
ADD
ONLY
WATER
35c
Krusteaz lI"" oz. Pkg. . . ... .... 31c
HIGHLAND SYRUP
49c
Cane and Maple
24 oz. Jar . . . .
KITCHEN QUEEN FLOUR
new cornea in
PiEIIf P
B0RENE SOAP
Granulated
79c
57c
SACKS
COLORFUL UfEFUlDU ABU
j rim ri i
Kr) ii KM rJ ur twenty muli
HV-WGH U Rfo BORAXO HAN
MULE TEAM
D CLEANER
1 Ib can . . .
BORAX CHIPS
25 Ib. 1.79,101b. 79c
In Pico
58 "
27c &
29c
BORAX POWDER
dm Ib. pkg. . .... 27c
13
I f ,0 W
1 MmlKl
fflMlJALLIU
Mt tMMt
1
Sfl"'- 03 C
Large pkg. . 33c
10e Coupon Inside Pscksge
3060 Portlond Rood 3720 E. State St.