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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 17, 1962)
8 B THURSDAY, MAY 17, 1962 o MEDFORD MAIL TRIBUNE. MEDFORD jS, 2 Spanish Rid Olthtl H J " i1 -. T " jUM""""!- That colorful Old World ljmJr jj i ,JW"C flii&dfaJlSxX&&iM ""orl"d net with ft'lZfJI i llV 'l""'""'",a pch( zesty, goldtn. r-;,. , n ai Authentic curried aClfg' mmmmmmymm t laV IVf.' VYftiw ny'i liY J rice, fragrant with TZJ?,T i , Jf 4,v' ! a"" -V Far Eaatarn harb. iFittiZiww! ln' 'WJ; r "--S7 andaplcaa... i tnwmM i o new ncQ mixes from Uncle Ben's! Perfect rice dishes . . . easy as boiling water! G 1961, Unclt Sen's, Inc first complete rice mixes with exclusive IF YOU CAN BOIL WATER, get Uncle Ben'a aenaational new Rice Mixes and you're all set to serve up a whole new world of delectably different, dinner-party-perfect Wild Rice, Spanish Rice, and Curried Rice dishes! All sorts of perfect rice dishes arc easy as boil ing water with Uncle Ben's Rice Mixes. They're the most complete rice mixes ever made . . . with all the rice and spice . . . pirn Uncle Ben's ex clusive Flavor Nuggets., Tha flavor secret It In tha Flavor Nuggatl The very essence of all the ex- citing herbs, spices and flavors no other mix has captured ensealed in nil cooking starts I Uncle Ben's Rice Mixes Uw Gtito in Wtltf Rwt Mm Spinnh RKa Mn Cwrltd Mil School Teacher At Granls Pass Receives Grant New York -(IIPD- Thirteen Oregon high school teachers of journalism were among 465 instructors awarded summer grants totaling $160,000 this year by the Newspaper Fund. They will study at one of 12 university seminars or take a course especially selected to meet individual requirements. The newspaper fund is a foundation supported by the Wall Street Journal. Oregon award winners, their high schools and where they will attend include: Mrs. Colleen R. Reimer, El mira, University of Oregon. Miss Joan M. Cline, Forest Grove, University of Cali fornia. Jack R. Clark, Grants Pass, California. Mrs. Eleanor L. Herman son, Sandy, California.' Charles P. Kendall Jr., Her miston, Stanford. Roy K. Stave, Hood River, University of Colorado. Sister Horneman, O.S.F., Sacred Heart, Klamath Falls, Marquette. Mrs. Mildred B. McCauley, Myrtle Creek, Oregon. Mrs. Annamae W. Liver more, Pendleton, California. Ralph Thomson Nelsen, Benson of Portland, Cali fornia. Miss Adele Lewis, Prine ville, California. Louis F. Rochon, Silverton, Colorado. Mrs. Evangeline William, Cascade High of Turner, Oregon. Food Analyzed For Poison Cause Jacksonville, Fla. - (UPB Health authorities analyzed turkey salad today to deter mine what caused the appar ent food poisoning of nearly 200 Negro school children and teachers. Two children were reported in critical condition. The salad was served for lunch Tuesday at the Pine Forest Elementary school. Around 14 hours later, early Wednesday the first of a flood of sick calls from students and teachers began. r-.. iT 57 K Xvk ; V v TEEM (t&W&WM :-lZbLr I why tycn n ff.i fc ? 1 its so . ' tmmsp" WrN pm I 900d! mm i iiVflwn iiswrirrif ii m Your Money's Worth By SYLVIA PORTER Copyright, Halt Syndicate, Inc. " OREGON A has a fairly well developed market for raising capital as of now. But this will take time, plenty of it. Meanwhile, the borrowings are mounting, will climb mtft and our com plicated balance of payments problem will be further com plicated. Its a real dilemma. Mighy little is coming easy to the U.S. in this era. The swivel strap on shoe gives a little girl double serv ice. She can wear it in front of the ankle to hug the foot more securely or behind the ankle to present a trimmer fashion line. FOREIGN BORROWING HERE A NEW DILEMMA One thing our country does not need right now is a heightened outflow of U.S. dollars to foreign governments and foreign corporations taking advantage of the great money and securities markets of New York to borrow cash for use in their own countries. But this is Just what is happening to us and the dis turbing fact is that this has placed us in a dilemma to which we see no immediate tolerable solution. Here's the tale. Our gold hoard has been shrinking steadily for years because of past and still continuing drains by our foreign creditors. It's down to under $16.5 billion, the lowest level since August, 1939, and week after week, the precious reserve backing out dollar dwindles. At the same time, foreign creditors of the U.S. have built up enormous short term claims, totaling $23 billion against our gold reserve because we have been spending far more abroad than we have been earning abroad. This deficit in our balance of payments exists not because we're importing more goods than we're exporting; our exports of goods top our imports by $5 billion a year. It exists because each year, we are spending billions in in addition for maintenance of our military defenses abroad, for aid to underdeveloped countries, for tourist travel overseas, etc. It exists too, became we also send money abroad for long-term investment and that leads into the disturbing rise in foreign borrowing her. Nowhere in the world can governments or leading cor porations raise so much money so easily as in New York and the temptation to tap this giant market for cash is very strong. We long have had the reputation of being the world's leading country of finance and our dollar long has had the standing of the world's leading currency of finance. Until a few years ago, U.S. investing institutions shied from buying foreign government or foreign corporation securities; to risky. Now, though, the growth of other in dustrialized nations, the boom in Europe's Common Market have sharply changed their attitude. Just since the start of 1962, there has been a flood of foreign borrowings in our markets: $30 million Australian bonds, $100 million World Bank bonds, $30 million Belgian bonds, $10 million for Oslo, $25 million for New Zealand $20 million for Denmark, $40 million for South European Pipeline Co., and coming to market now are $25 million European Coal and Steel Community bonds and $15 million Japan Development Bank bonds. The key point Is that whenever a U.S. institution buys securities of this type, the dollars go overseas to the bor rower, there is an outflow of funds and an addition to the already serious deficit in our balance of payments. We don't want to forefeit our reputation as the world's leading financial nation. We can't ignore this either. What do we do? Direct controls over the borrowing an obvious answer have been ruled out. If we did this, the holders of those $23 billion of short-term claims against our $16.5 billion gold hoard might decide we were getting set to slap on controls generally and the resulting run on our dollar could bring disaster to the U.S. A rise in interest rates high enough to discourage the borrowing has been ruled out too. This would squeeze U.S. borrowers as well and a further slowdown in business is what we must avoid. "Moral suasion" is being used. Our officials a-e telling foreign governments and corporations in plain vurds that we don t favor excessive borrowing by them here now. There's no "gentlemen's agreement' but perhaps some of them are getting the message. The basic answer lies in the creation in other countries of money and securities markets on a scale where local capital can be raised through local investors. Only London PRE-INVENTORY at- TO 1 nomine OVER i n ah i Values to $1.98 Value ta $1.98 Just think! Nothing over 66c at VAN LEE'S! For instance you can buy any of the following itemt for 66c VALUES TO $1.98. lawn Sprinklers 100 Count Paper Plates Adjustable Window Screens Lawn Edging Vegetable Bins S Showers jp Pack, 48 t, 6-oi. Summer Sandals and Tennis Shoes ladies Handbags Tools 1 -Gallon Size Plastic Water Containers Black Flag House and Garden Insect Killer Black Flag Insect Bomb Black Flag Insect Repellant for Arms, legs and Face These are only a few of the many others, you'll find at VAN LEE'S for only 66c But hurry This sale is for a limited time only! VAN LEE'S 127 North Central Carpenters Idle Numerous Projects ' Spokane - (UPD - About 8,700 workers at projects in Eastern Washington and Northern Ida ho were idle today following a strike by union carpenters. An estimated $65 to $100 million worth of projects, plus work on the $138 million re actor at Hanford, are affected by the strike, AGC spokesmen said. Other projects affected included the Lower Monumen tal Dam on the Snake river, numerous projects in the Spo kane area, and an estimated $8 million worth of construc tion projects at Washington State University. Members of other craft unions observed picket -lines set up by the Carpenters Union, representing some 5, 000 members. aaaaaaaaaeeejpjniiiiii in .Wjuawai Tittgliiii. . . refreshing. . . perfectly .light. . . jbfeff mi lime teamed up just rigktl- eY lf5t.CuBA rXLI COMPANY OF rtjDfORO UNCf?R APPOINTMtrJ FROM PEPSI-COLA COMPANY, fctw YCtt N.Y NEWBRY DID EXCELLENT JOB "Sttt Stnitor Lynn Ntwbry It in outstanding young mart of integrity, courage nd Jbility! H did in tcetltnt fob in th Senate, where he it highly respected. The oeool of Jackson Coun ty are indeed fortunate to ha tuch distinguished qualified ienator at Lynn Newbry." Harry Boivfn, President of the Senate O Pd Pel. Ad hv Neighbors tor 0 Newbry CommiUft Chet Hubbard. Chm.Mtdford Are YOU in the proposed Annexation Area? DO YOU KNOW THAT: Annexation to the city Means Higher Taxes -But no guarantee of Sewer Services? City will provide services only upon majority petition - street by street. Your county has an obligation to you! You can have a sewer without an nexation. Just Read O.R.S. 451 at your public library. 1200 acres are still without services in the city limits. Your Reasons for locating outside the City Limits will be replaced by: City Regulations Restrictions Building Codes Inspection License Fees Higher Taxes and Other City Problems LET'S KEEP HAPPY COUNTRY LIVING! An organized committee will follow through to obtain your lawful rights to sewer, under O.R.S. 451. Be Informed Before You Vote May 18 VOTE E Mi ANNEXATION Pd. Pol. Adv. through donations of home owner formtng the Anti-Annexation Committee 13 Hobbt, Chmn., 1822 A W. Main 0 o
