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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 1, 1963)
:1 : -ai . Ir 'Hi 3 -5 P. i 'WEDNESTJAYT MAY1.1M3 MtDFOfllKMAIL'THIBUNr. 'MEPFOBp, OREGON Sniage of Juan Peron Continues To Cast Dark Shadow Over Argentina ' rdilor'i'pof.i Fallowing ih third -Jn Tla of five Mtici nrpid b Phil Mew- ' torn. UPI foreign new anal yst. after mekrng'' tour of . balin AmeVib. ' ! '" : :By. PHILJJEWSOM DPI' foraign Nawi Analyst , . v Buenos Aire, Argentina -i SPIl-'Thfs is a city 'that inuy -b&.llkfiied' to :-a beautiful and' sophisticated w (man over whom 'too many men have foucht. The waiting ir a vic tor has made'heV cynical and disillusioned and the poorer for it. Buenos Aires is the 'capital of a. natlou which should be among the wealtnicst in South America." Argentina's land is rich' and heir industrial struc- Your Money' Worth '. ''. By SYLVIA PORTER . Copyright, Halt Syndicate, Inc.; V ' V r 'jajf-rpnCZtt JWOBKINO FOB HIGHER INTEREST BATES . JJVilry' impofU'nt financial-economic force In this country is now working to push Interest rates up uradually in 1963-64.-This'wlll.meah that you, as a borrower of money, will pay a higher price for the cash you want. The increases may W- measured only, in 'fractions',, but on large sums bor rowed fop prolonged periods even a rise of Vi per cent can run Into blg-timo. money, ;J- ' '"'..".it- . This Vill rnentv that you,! as an investor 'in new bonds or mortgages, will st a higher price for the cash you lend. Again, the increases may be measured only in fractions, but fraction? can rnake an Impressive- difference In what you earn on an investment Aver a long period of time. - ."- The chances that interest i-ates will go down from . to day's levels in the months ahead are next to zero. At best they'll hold -within this year's range. The greater proba-; Ability. Is that they'll; climb gradually from today's levels because- - '' -',' :- '.: '" - ' CI) The economy Is perking up and this indicates a ris king demand from private and public sources for funds to finance , business . expansion and. modernization homebuild-' tm;kmd. homebuylng, installment purchases, vast variety -of lf her-projects. There's, plenty of credit available in our commercial banking system rna in savings, institutions now to meet foreseeable demands.) There's no doubt that credit .will be available for legitimate projects. But as the de- mand for money -climbs to meet the supply,- the pressure will be for a Tise in the price of money. This always has been the pattern. 7; . . j . ( ; . '. "' : v7 J (2) Th Treasury will hav to finance a hug deficit t ,ln th federal "budget in coming months. Just in July-Da-'cember 1963, it will hv to borrow batwaan $11 and ; 13 billion, an enormous ink by any yardstick. As - th Treasury taps th market with its borrowings, it obviously will absorb an immense amount of money and ; this factor will help till Interest ralas upward. . - ;' f3) While the Federal Reserve System will continue to stipniv funds to the banking system In order to avoid brak ing the economic advance, it will not "over-supply" the sys tem, ' Flooding the money market with- funds in a cycle of expanding businet could lay the base for another Infla tionary spurt and this evil the Central Bank will fight with all the weapons t its -command,- - .-. (4) Both the administration and the Federal' Reserve Sys tem agree the deficits of this period should be financed in the least inflationary way possible - which means borrowing hs much of the money as is feasible outside the banking system. To appeal-to non-bank Investors, the Treasury well may have to pay gradually higher rates on the securities it offers. It already 1 navlnff close to 3 ner cent for Qu-dnv -'' tuafHYOVcr per cent on tU long-term I.O.U.'s. It U distinct possibility that in the future it will increase the rate it pays on Its savings bonds from today's maximum of 3 per cent .to, say, 4 per cent, in order to attact more funds from little . investors. ' .. , ..j.. ,. , (5) The administration' and the Federal Reserve System also agree that pur Interest rate lovel is crucial weapon in the battle to curb-the outflow oi gold, preserve the value of the U.S. doller, Because for years we have been spend . 'ing so much more abroad than we have been earning abroad, 'ciuif iorwign, creditors have built up tremendous ;hcrt-torm ''balances here which-they, oan send abroad at will and turn ' into sold. To keep our creditors willing to maintain their balances in short-term U.S. securities, the interest rates on those securities 'must be 'high enough to appeal to our cred j'itork) and Washington recognizes tils.1( j fl( : ,' ' (6) Aiiumlng sUbs'taiitUl lax cuts r votad and thaia 1 - add new vigor lo out1 economy, ih Federal Reserve ( '. System will have much more freedom to act to control, i ' the money supply In order to combat inflationary tend- , ' en'cies and io nudge Interest' rales toward levels deemed ' desirabl to protect our gold supply and dollar. ; : JJrf great 'tipsUrge In interest rates' Is In sight. - No repcti ' tion of '1959'g money -squeeze -when the Treasury had to place ,-it "magic .5 per , cent" coupon on a note, to sell it is on the ,))brizon,,.'- , , , , . t i ' : ! . ,, ' ' But not one force' Is' 'operating, now to push Interest ' rales down. Rather, pll appear lo be moving In the opposite direction. The message to borrowers and to. lenders is clear. lure 'one of the most highly developed on the continent But Argentina Is in the throe of t revolutloh which began nearly eight years ago with the overthrow of (he.dic tatorship of Juan D. Pcron and Whose end is not yet in sight, ....- The Image of Pcron still casts a long, dark shadow across ' Argentina. - .It finds physical expression in a bit terly anti - Peron military which neither rules nor per- CHEMICAL GOLF , Chicago -lUPU- A concern here sells a chemical "for spraying on golf balls. The company claims, the, chemi cally-treated balls travel up to 30 per cent farther. The chem ical ."reduces dragging effects of electrical particles in the air," according to the com pany... ,i .. . . " ;m its others to rule. And it finds expression-,ln , "two mil lion Pcronistas, deprived of a leader; but -given no one in return, left in a -political vacu um from which they now plot his return either by bullets or the ' ballot tbox.- - . "- -' And, as Argentina's econ omy stagnates, there Is among her 21 million people a grow ing doubt that. either the mili tary or democratic processes Subscribers r . To report Improper or non delivery of the Mali Tribune in Medlord. phone 7Z-H1; Aih lnd call at 4 IS Bridsa St., or phone - 483-3002: Yreka, phone1 Victory 2-2808 before 6:45 pjn.' dally and 1030 a.m. Sunday. If resular deUvery arrivea ahortly after -you can please notify office, thus elimlnaUng peclal maaaenser lerVlca. can prpvlde their salvation. This, is one of th tragedies of Argentina that It could be lost to the .Western Hemis phere democracies only be icause'it .could' find no substi tute for dictatorship. ' Misleading Picture . Buenos' Alres, lying along the broad River Platte, has art enduring -beauty. And the first Impression U of wide, landscaped avenues,-' of automobile-filled-streets, of mod ern hotels and of children at play in green parks. It is' a picture of well-being and of a people at peace with itself. And yet in a sense, it is as misleading as Holly wood set. Behind It all is am ple evidence .that all indeed is not well. There is the expression of deep cynicism from among the people. From the hotel doorman .. who , uses, a; rude Spanish expression to de iscribe a "revolution sis only the maneuvering t)f ambi tious officers in the navy, 'army or1 air force.,-And from the housewife who. put off her shopping until noon "be cause by then, the revolution may be over." It comes also- from the 15, 000 Argentines who seek each month to leave their crmntry and move to the United States. Symbol of Unrest And it comes from such a one as Carlos Marchionda. a house ' painter, - Marchionda is 40. has a wife and small daughter. He has a dark, thin face 3rd an expressive mouth. He is on a contract job, which means that he uauvs for his own paint. Since he start ed the Job, the price of a can of paint has gone tip 200. pesos, or about $1.25. To Marchionda this is important money; he is one of approximately one million in Argentina who ei ther are under1 employed or unemployed. Like many' oth ers, Marchionda works two jobs to make ends meet. He and his family live with a friend. For Marchionda also is among the million and a half for whom there is ho low cost housing. : ; Marchionda dislikes the government and, while he says he is anti-Peron, he says he would vote for the Peron Istas now- "Maybe they stole but at least they let us live." Marchionda personifies the problem faced by the men who are trying o build a sta ble democratic government in Argentina.- He and. millions like him are unable or unwill ing to see that the; country's economic ills today are in great nieasure the harvest of the orgy of spending and pay. Increase (hat iPeron decreed. Peroii gets the credit for 'the pay increases, 'and his' succes sors the blame for the conse quences, . Military' At Odds , Within Argentina's military forces" are two factions -the "Blue" and the Red," who also are known as "Colo rado.'' . ; ' , I " . The Blues demand a return J to constitutional 'government and Immediate elections. The Reds favor" a five-year period of military rule in which lo "re-educate" the vot ers. . ' The Blues led the April re volt against provisional Pres ident Jose Maria Guido. On the other side are the Peronistas, who now seek to regain at the polls the respect-' ability and dower- they had 1 tinder Peron-and if not at tha polls, then by revolution. In between the opposing military and Peronista forces are the hopelessly split polit ical parties. And victim of them all I President Guido, who- would like nothing better than to re turn to his country law prac tice in his native town of vied- -ma in Argentina's barren Pat agonia. 7 . . , "There is ' nothing wrong with Argentina," one Amerl- ' can here observed, "that polit ical stability won't cure." TOIL TO BURN" ' Mobllheat ' . S t H. Green Stamp MEDFORD FUEL CO. 772.2'iU S BIG DAYS May 1-2 3-4 and ' 29c WHITMAN - COLORING BOOKS 41.00 VMM ' S6: ANSCO FILM FISH BASE pack 10U . FERTILIZER 'Ipm'.. - REG.!..1.49 . ' "' . i BEACON SHEET 15c , : .. 3. ' BLANKET n,e o76 CLOTHS ; & ' " v -12 FOR Store Hour Daily 9 A,M. to 9 P.M. . Sunday-? 10 A.M. lo 7 P.M. 1.08 CORICIDEN 25 TABS. : COLD TABLETS CONTAC If COLD i CAPSULES - 'I 10 CAPS.; . S&J MAH.2I mm. STAR GAZER Pr,CAXR..PpLLAN- 'APR. II OfiMHI, cutat taJUNS J 0! UO . JUtY AUG. 33 7-1MS-31 i s1. n 2Mtck S t'ur ' 4-K.Wfl 9 If - ' 10 Tr, 11 A 12of , P r fXt Your Daily Activity Gufd , M According to Ih Start. H( To develop mes50tifl for WedrveAclay,, ttoa words corresponding to humlwr '' ofyourZoHibdUirtKilflVC ' f AttrccNv .3 1 In M AiconipUih .lJ tan) Mooy WDcm't i . 65 If Hfilo - V.Lotf 7ArOUi tJM -t 3And JYw'tl JOSquoodfT 70NrVHh, , '41 Ouiedy 71 Ovkfeffxil' 1 Onn 7? taoiM 43 Stlhod 7.1 Or U ftaft. ' - 74 Get ' 46Ma.rng . . ;7f,Bo' , - tv, Owl l9f.gijrw' 7QVcm bow- .' ,..nowin 51 FifiT - 1 1 52 PxkflfOirfJ fl? MoUrtgltii J3-39..Jfll KOIflO OCT Kf NOV. 23 - 162 6 Ut: t f .whgl 17 Yoti'ie tirt i't ,2' flzm 7! o-.. -4 rot!.... ,1tJU lbut'rteav f(K .. , ' 27 You'll ' fjfAnl. 211 Y 3: kor '' .SST.ll- S7 Aj,k . v?Ctol Q)AdM R4 0n " . S.SU)tr , ' S' Potntil - S3 lull ' Wl Intcr.tvjlwn I. 9-30-54-1 14 81-8551 UOITTASIUS 4-15-JM4.fi 53-87.8914 CANKOtN 1 MC'"' JAR VVI BIJ44iJ7fn bi 67-72 iJAN. 21 us. n 3- 4-19.227V.I wf-oiye MAH3I ! .V l6 Pfagued Day And Night with Bladder Discomfort? 'w:-y. tJnwiial unlitiB i drink In mav it tnorn of QiiM. hul ankoiriiiB HtMr Ittl- tifiiH- riikitt yo tnl r'.l, tn.' Hid iiitwimrortukr. And If roalltM ntrtte, t ith tmrtipf bi.rltfcha, hf.lrh or mtt (tuleireiRiiMiiridfaalniitutIoowxrtltin, Urn In or t-mtn Jrii u)t, are nrftlinr to l i. ' -h, in i'ilar acli-a anil paint. S - A tomft-tfu'lv ml?J .liiirrllii a-ti.,11 thru tha lilnN l ril'iig to InerraM Ilia output of lha It n'lM er kjiinry tuhM. So, r-t Iha foma Iw.ri'y Mill mlllloap hava aniorad It ova, art jtam I r oonnlaac. bur ahiariafti.(.(Uvatt'aFilbtcrl GAS TEACHINO New York -HW-'More (hen 83 per cent of tlie ranges used for cooking Instruction in the nation's home economics class rooms ar -gas-operated, ac- cortllns to study by the Gas Appliance Manufacturers as sociation. The survey involved some 22,000 ranges i'.i t-diools throughout the country. BOWLINO FAMILY St. Louis -WPtl- Helen Hoeh le, Arlene Huff and Carol Koppelmann, mother, dauglt ter and grandmother, bowl on the same team on St.' Art- tnony s lanes. . ; , kLa ar"a. . I DBrnif I I " a a .11 -TVaW ' ' I rui urtntt II w:.l I I 1 1 1 ! f ! h HA . Ssv) 1 2 Hl! daiw ration-l 11 I kV J If J : , lX VJJ jJ l Mr. If?'"0! E JM MULTIPLE VITAMINS f 1 r. A -w A, Si fill 1321 ilrwy 100 c.D, ,nft J 111 S V A J I I f f.lflA KiBaiitl..' -a d.,73 ..i lAV I I II 1.1111 ; ' ' la-MM- J r. GZZZ&r TOOTH PASTE B Jz- C CR CQT 'MUM -"grffl.'-sW.-T TOOTHBRUSH g I PASTE fS" ,r 1 An" ' . -.--tjjV.ta.r a-JTL . u , ''iM rC 1 An IWi CRYSTALS ., v loo Jmzti w ust . loo I gBBi; - : hosiery J jbe, ty s ' 3 7 V, Untenditionallr 4J l.UU AXON v I 1.79 PHOTOGRAPH ALBUM 1.00 jj& Gu"tn MEN'S RIGHT GUARD va?S 1 2.77 WEATHER HOUSE BAROMETER 1.00 .f 3 $ B,LLF0LD DEODORANT VoAT 100" I 1,49 STIC DECANTER aalc,tV 1.00 'M,ol ' S'l.OO 2 or100 vod 1.00 TUSSY WIND 8, WiATHtK LOT-IISN - 21a00 XQQ 'ffylC , ' 1 CarSi I 1.49 STYLE HAIR SPRAY 1.00 V U JMliLJl)SS 'BATH TOWELS : : 1 00 Bile Salts j 1.99 ICE CUBE TRAY alum,NUm 1.00 ZTA if I 1.29 HALO SHAMPOO 1.00 TW CANDY j 2 M poI 1 1 "WW I m i.u t ill lea HHIIe HAIR SPRAY I.UW J I .. DULDO I --S. ' k ADC jW LTl I " I house 1MB J,; S1L I c . I I 1.25 II law IIIHLIO HAIR DRESSING.:.: '... ' l.UU M l A ' 77 .'' . . J '. V fJ GARDFN , IT I r'r05,,oriei I !& Vy.''yj niy i' ' & -.3 M 1.00 I"" (YffoSA l W :r'jiXmf l.UU Leg, WSEL I fta.. I.M .. .1 ratJf Mi ' - f.J Joeinmg . , UNBREAKABLE - PLASTIC I - IT I M Hi H I 111 II III I eaa.fa.si HOT'" I00 Tl I -fW aV"" GOLF TUBES V vCSr Q-"&f7VjYff I -jaa" .WATER: jC3ffl-i W -vNrj 1.00 ;! ; BOTTLE , ML : 1.00 ;6, loo.. ; A; i m -wuniiauii r f v.nyl PRIUt .rrw web' i LTABLETS. 1.00 ,S 'aS DE0D0RANT 'Sfei: 1.00 : ; RftM nmT CMZ I VH0SE . IT, 1 d I173 'UU O for ?J- I I '4 1-UU; Ifc n!SSV- sunset ' r 1 I n h'iu MmTk, I b r 'TMimiOr, magnetic r "1 I f-ASH flViW&t lU0ENS . .. , I for eSil TAPE MINTS ' IAll-vvt ia f ll 1 gum drops BRA rlV A' ttE deooor v j aa (ftrKJ ii I enjMi -orr,CK - i , - I too i l"' 'i . . . i I ruiTMtj j 2 BOXES VS! 4 PAIR I I II ? II-1.0D 1 i", if' 4 i ' " : ' . i A t - Va,ejef
