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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 29, 1962)
SUNDAY. JULY 29. 1962 MEDFORD MAIL TRIBUNK. MEDFORD, OREGON Future of Japan Is Tied to U.S., Mitsui Firm Says By CHARLES R. SMITH United Pri International Tokyo -UIPD- When Wall Street sneezes, it sometimes is said in Japan, the Ginza catches cold. "That's a fairly accurate assessment of how cloaely Japan's postwar economy is tied to that of the United States," said an official of Ja pan's largest trading house, Mitsui Co. "It is not exactly the most desirable situation. But It is about the healthiest we can expect. "We have not suffered very much from it so far, despite some rather chronic com plaints. It is not a situation that is likely to change con sidcrably for a long lime to come." Annual White Paper In its annual white paper on trade, the government's economic planning agency this year warned businessmen to stop relying so heavily on the American market. Put more emphasis on de veloping markets i n other areas of the world, the agency advised. "We have too great an em phasis and rely too heavily on trade with the United States as well as the areas where economic growth is relative ly low . . . this trend should be corrected," the agency said. For Instance, the report said, "Japan's unfavorable trade balance last year re sulted from the economic re cession in the United States." Blames Other Policies It also blamed the "Buy American" policy and ao-call-ed "protectionist trends" in the United Stated. The agency made it clear It was not recommending a slowdown in sales to the American market, which buys from one-fourth to one-third of Japan's exports each year. "The report just emphasiz es the need for developing other markets as a hedge against any deterioration of the American market," ac cording to Hiroshi Hiyama, vice president of Marubenl Iida company, one of the largest trading firms In Ja pan. The agency said "we must also strive for the establish ment of diversified markets in the United States. Our business activities have been emphasized in the New York and Eastern U.S. areas, thus creating intense competition and resulting in a move to block our exports. Increased Purchasing "We must now look for markets In other areas of the United States, Including such places as the North Central Slates, the Pacific Coast and the Southern area, where purchasing power has been increasing of late." Morisaburo Seki, chief of j the economic affairs bureau of the foreign ministry, touch ed on some of the trade prob-i lems in a magazine article. 11c said J.ipali enjoys a v ?ry favorable trade balance - ith many countries of Asia id Africa. But he said it was lsky business to rely too much on these areas because of chronic foreign exchange problems faced by most of these countries. According to Seki, It Is dif ficult for Japan to expect any substantial Increase in trade with the European economic community (common market). And political obstacles pre vent any big increase in trade with Communist bloc nations. The development of the common market and the trend toward blocs in some other areas make it impera tive for Japan to tie its econ omy even closer to the Unit ed States, Seki and some oth er economists and business men believe. The United States is a tre mendous deficit market for Japan. In 1961, Japan purchased $1,739,196,000 worth of goods from the United States while selling the Americans only $1,054,670,000 worth, a defi cit of $684,664,000. Must Maintain Balance Economic officials of the American embassy said the United States must maintain a substantial favorable trade balance because of Its tremen dous defense commitments. U. S. Ambassador to Japan Dr. Edwin O. Rcischauer went into this thoroughly dur ing a speech earlier this year. "I should point out in this connection that there is a good reason why Japan's ex ports to the United States should typically be exceeded by imports from the United States," Reischauer said. "This is because invisible earnings from American mili tary expenditures, purchases for economic aid to third countries and the like enable Japan to buy more from the United States than it sells. Special Dollar Earnings "Such so-called special dol lar earnings tend to keep Japanese-American payments in good over-all balance." Japan's best guarantee of future economic progress, Reischauer said, is increased trade with the United States. Few dissented with the am bassador's remark. "There is no doubt about It," said Mitsui officials In a statement to UPI. "Our fore seeable future, like our post war past is irrevocably tied to the United States." ) MONTGOMERY WARD MAIN STORE WILL NOT BE OPEN SORRY, NO MAIL, PHONE, LAYAWAYS OR C.O.D. ORDERS 1 Vjrw ivm'? &m&r ixm wms .j-s-s m f I 11 U-r-W7 Yi nn II9V i ' -J u." JP- 1 H A Ugv&to- m I r ml A ZTO r I cZj LJ lj i CZ3 CZZ3 i- LJLJLJUUI lu:-: j ; Saving 1. WARDS RETAIL STOPF 2. SMALL WAPtHCUbE. Ww itor 3. JACCSON HOUSE . DPtVE IN CLEANERS 5. CATUS MOTEL A. CRATEfl INN MOTEL 7. RICHFIELD GAS STATIOl Room-Size Carpet Remnants Big room sizes from 9x12' to 12x18'. All first quality, no seconds. 25 Only Choose from tweeds, solid colors in wools, rayon and nylons. 4988 !4 Warehouse Located on South Riverside NEXT TO CRATER INN MOTEL (SEE MAP ABOVE) Sunday Only 1 P.IY1. to 6 P.M. Hurry to this fantastic sale for big, big savings! Bring your truck, your trailer or wheelbarrow! come by foot, car or bike! But come to Wards Warehouse sale! Many one of kind! Many unadvertised specials! r Subscribers To report Improper or non dVHvery of the Mall Tribune in Mecirorrt. phone 772-0141; Ah lnnd call At 1224 lown at., or phone 4R2-3002: Montnuue and Yreka. offline GLobe 9-3 171. be fore 6:4.1 p.m. daily and 10:30 a.m Sunday. If regular delivery arrtvei shortly Hfler you enll please notify office, thin eliminating pecUl meuenger aervice. DENTAL PLATE SERVICE Cracked or broken dentures re paired. Mining teeth replaced. All Repair! Cleaned and Polished FREI 29 YEARS EXPERIENCE QUALITY DENTAL LAB 220 S. C.nlt.l 772-1013 SAVE ON HOME FURNISHINGS 10.95 Dinette Chairs ,2on,y 7.88 39.95 Platform Rockers 4o.i, $29 39.95 Innerspring Mattress $29 39.95 Box Spring T win Siit. 1 Only .-. $29 32.95 9x12 Ft. Rayon Rugs lol,". $25 41.95 9x12 Ft. All-Nylon Rugs $29 1 0nly Recliner $19 Clearance All Summer Furniture 13 Off 129.95 Bedroom Set 2 omr $109 179.95 2 pc. Living Room Set U $149 352.50 9 pc. Dining Rm. Set ToX $279 SAVE ON APPLIANCES, TVs. 209.95 Automatic Washer,., $177 219.95 36 in. Electric Range 0Ar $177 239.95 15 cu. ft. Upright Freezer $198 229.95 1 5 cu. ft. Chest Freezer $1 88 179.95 Upright Freezer W;;" $159 254.85 23 in. TV Console 2 0lr $199 489.95 Amphi.Theater:FTMv:,5r $397 329.95 Stereo with AM-FM Radio $277 154.95 19" Portable TV 1E, $119 All Air Conditioners 10 Off 3 hid rzzi rzzi 5-Hour Sale! Wards Spun Rock INSULATION IZZ3 BUILDING MATERIALS REDUCED Elec, Glass lined CCi 10 Yr. Guar QJ1 (9lc iSi Bag 66.95 52 Gal. Water Htr Alum. Screen Doors 30"-36" Wide $10 Special! Alum. Patio Doors Ft,w,dt $67 28.95 28 Ft. Ext. Ladder 7; 17.95 $89 7.95 SAVE 10 ON ALL EVAPORATIVE COOLERS SnorialT Winilnui 4000 CFM witWHIHIl IIIIIHWn WUUIGI s,, $30 Q RArT.i. cl:.i.. u-haul W.WWW-iaUtflllllglCd P.,Squ.r. MOWERS, TILLERS PRICED LOW Covers 20 square feet 3 inches deep. Pour type. Fireproof. Non-conducting. Easy to install. p " -K?- " 1i ' ' ' "74c4 4COHtHCX Weekly EVERY OTHER WEEK You will not rtciivtFomilyWttklywilhyourntwspoptrntxIwttk WATCH FOR THESE EXCITING FEATURES IN THE AUGUST 6th ISSUE "Th Moit InUraitlng PopU I Know" by Elia Maxwell. Front among har famous friend and xfr!tndi this noted hoiteis lelecti the peoplt who faiclnolt htr moit, "School Vardrobt for Pat Boont's Daughltri" by Eitelle lane Carr. Pal Boont's daughters, oged 4'A to 8 model a back to-school vrardrobe that's colorful. Imaginative, and gives sturdy wear. Family Weekly rtadtrs can mokt theit lamt smart deiigns at homo through on txdusivt pattern offer. '15 Outitlons Cory Grant Ntver Answtrtd Before" by Peer J. Oppenheimtr. Women, money, fashions, and og;ng art among tht trpici the popular star discusits in this Family Weekly interview, ''Do You Have a Forgotten Fortune?" by Jerry Ktein. A pot of gold isn't always at tht tnd of a rainbow; it may bt tucked awny In your basement or attic, colltcting dust and lucrative interest. Ml MEDFORD MAIL TRIBUNE HOUSEWARES REDUCED! Special! Laundry Carts u0.i, 1.68 3.49 Step-On Pails All-Plaitic. 20 Only 2.88 99c Utility Pails Polytthyltna. 29 Only . . . . 66c 1.69 Slack Stools .. 99c 99c Waste Baskets ,..,... ,JOn 55c Special! Glassware d... 1.44 4.98 8 in. Desk Fan , on,y 3.38 1.28 Latex Rubber Gloves 2 . 99c Special! Pad and Cover Sets 66c Palio Plates and Mugs s 1.44 1! AUTO NEEDS PRICED LOW! I. 29 Instant Car Wax, Cleaner 79c 3.49 Rear View Mirror BodyM.un, 1.49 5.98 Handy Spotlile ,,,, . 4.88 II. 95 Ultra-Rack Fif.c. 7 0n,y 8.44 Special! Pickup Truck Mirror 5.88 TRUCX TIRES 4 11.22 J Tubtlau 2 9.22 3 S.condi ... . S6S' 1 10 00.20 Raron . tSO' ) 25.20 S.cond . Plus l.citt Tai J70-$40 a"'l,,,"''. W 4J-SQUAMOUAKANTII U WARDS LOW LIST PRICE ON EC-Slide ALUMINUM WINDOWS "Our Top Quilify" EXAMPLE: R.g. $22-NOW HU 24x 24" Sit With Sid Vtnt tnd Scrn 25 Popular Window Sixi Now in Slock 74.50 18 in. Reel Mower UlFd. , 0,y 39.83 69.88 Self-Prop. R. Mower y .49.83 89.95 18 in. Reel Mower . 69.88 74.50 18 in. Reel Mower . 49.88 78.88 18 in. Reel Mower 49.83 144.50 3 HP Rotary Tiller $119 Used 314 h.p. Rotary Tiller ri':'! $88 9.95 Wheel Barrow , on.y 6.88 2.98 Lawn Edging 4"x40' 1.33 2.99 Peal Moss ,V4Cod 1.88 2cu. ft. Peat Moss B.9 88c SAVE ON BARBECUE NEEDS 1.88 Elect. Charcoal Lighter 1.28 3.98 Table Model Brazier 2.83 29.88 Barbecue Wagon TSy7.k" 19.88 42.95 Smoker-Brazier 29.83 PRICES CUT! SPORTING GOODS $18912ft.CarlopBoalA.uminum $165 $338 1 4 ft. Lapstrake Boat , omy $289 $299 15 HP Sea King Motor, omy $193 159.95 Boat Trailer $133 Original Pric 937.37 12 FT. OF KITCHEN CABINETS Prf-ftnihfd b.rch rcAiiv 0 hng. In- dudci uro' od Ki cbinet, tot rric counter too, eutomjiin; sen with broiler, e'retne rtte tr 'd hiwl with m $ i . o. ammmmmmmmmmm ) 5hft lel TIRES MOUNTED 25 OFF Wards Low list Price Riverside Nylon ST-107 Guaranteed 27 Months CLEARANCE ON POWER GRIP Mud and Snow TIRES WHEEL BALANCING TODAY ONLY 99 Ptr Whtl Weight Incl. . Celicloud Men't Vomen s .. p t. $3 $14 9.95 Sleeping Bags j ,b 20.88 Matched Luggage wp.; 19.88 Swing Sets, P,.y2 omy $14 21. 88 Swing Sets, p..,., omy $18 27.88 Swing Sets , 0 Play. 2 Only $21 Any Size On Pric s15 Pita barn Tai tSRfeft tM9 tH f .WU flMM FAMILY-SIZE MOTORIZED WAGON Featurtt ha at-refltcfin axiHiblt Nrtbi trar. kie 22" i l" tH. 1C N.Mwi.y&o-n - IV YOUR CHOICE BRONZE-CHROME CKeeia frem a b r o chnme plaf.4 chair, vinyl plaitic cushion Inf. Ideal 'e.rra' chair. n t e or 1
