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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Jan. 11, 1961)
HERALD AND NEWS, Klamath Falls, On. Wedacsiay, Jaauary 11, 1MI . 1J I . ( A ' ' .'OONT Tea MARGARET' SHE KEEPS CAUIN' ME '1ITTIE JACK HORNER' Gold Will Tint Budget To Be Offered Monday ; By SAM DAWSON AP BuMnesa News Analyst NEW YORK (AP) - There teems sure to be a tint of gold in President Eisenhower's last State of the Union message Wednesday and in his final budget next Monday. The problems of the loss of gold and its running mate, confidence ' In the U.S. dollar, haven't gone ' away just because prices for, the ! metal on the London free market ! simmered down after October's : spectacular flurry. The gold outflow continues, de spite U.S. Treasury steps to stabi lize its world price and calm fears bout the dollar's status. The basic causes for the out ' flow in gold will show up in the :new budget in the overseas spending asked for defense and Americans Sentenced By Cubans HAVANA KV)-K mUitary trl bunal sentenced three A m e r leans to 10 years in prison and ordered a fourth deported on charges of spying on Red China s new China News Agency. . Sentenced to 10 years were: Eustace Danbrunt, 34, Ball! more, Md.: Edmund K. Taransky, JO, New York City; and Daniel E. Carswell, , 42. Eastchester, N.Y. . ... Ordered , deported ' was Mario Nordlo, a dance instructor ' for merly of New York City but a resident of Cuba since 1957. The prosecution had demanded 30-year sentences for all four in a trial before the five-man court Dec. 17. Defense counsel Fernando Colo- mar immediately appealed to a military review tribunal. The four were charged with crimes against the stability of the state. They were arrested Sept. IS. All denied the charges during the trial. Castro Ad Financed By Relative WASHINGTON (AP) - A Cu ban physician who helped organ be the Fair Play for Cuba Com- fntfra tnlri Sprint Invest lontnr-R today most of the money for an advertisement tavoraoie to me Fidel Castro regime came from the son of Cuba foreign mm liter. Dr. Charles A. Santos Buch assistant pathologist at the New York Hospital of Cornell Medi cal School, testified at a hear ing; before the Senate subcommit- tee on Internal Security. Na utl a full-nara ad insert d in the New York Times cost $4,800 or $4,700 and that a cam paign to finance the advertise merit was carried out "among New York mteltectuals." Jav Smirwine. committee coun eel, asked when most of the money cam from. RiiKh aaid from: Raulito Roa on of the permanent delegates f Cuba to the United Nations, an of Cuba's Foreign Minister Raid Roa. DEVELOPED METHOD '' Sarllest practical courses In tin eotrasoondence school meth- . ad of aducation were those de- atoned br President William R "'DENNIS THE MENACE" jBreadgrain Crop total Same As 59 WASHINGTON (UPI) - The Agriculture Department has esti mated the world breadgrain pro duction in 1960 at 285 million tons about the same .as the 1059 total. This total tonnage is the equiv alcnt of 8.3 billion bushels of wheat and 1.27 billion bushels of rye. .i ,. The current estimate is two per cent below the preliminary Sep tember forecast mainly because estimates for the Soviet Union have been reduced to reflect loss es from bad weather during the late growing and harvesting season. Wheat production in 1960 was about 150 million bushels greater than in 1939. Rye production last year was about 163 million bu shels smaller than the 1939 output, On a regional basis, the most significant 'increase over 1939 wheat production was in North America where a nine per cent increase wan reported. Smaller increases for Asia and Australia were partly offset by reductions in Europe, the Soviet Union, and South America. Rye production was somewhat smaller than the 1959 harvest in both Europ9 and the Soviet Un ion, which together produce more than 90 per cent of the world rye crop. i The Soviet Union is the fastest rising major tobacco importer in the world, ranking second only to the United Kingdom in the volume of its leaf trade, according to the Foreign Agricultural Service (FAS). Indirectly, these mounting USSR imports are benefiting U.S. ex porters and growers. While it is unlikely thai U.S. leaf will be im ported by Russia, the mere fact that the Soviets buy 200 million pounds of leal tobacco annually is good news in the United States. The Russian imports must come from U.S. leaf competitors and po tential competitors, thereby re moving from the important mar kets of western Europe tobacco that otherwise would compete with U.S. tobacco. In 1959, the Soviet Union im ported 213 million pounds of leaf tobacco 15 per cent more than the 186 million pounds in 1938 and 74 per cent more than the 122 mil lion pounds in 1955. i . KAS economists believe these largest Soviet, -imports will continue. . '. - , U.S. imports of -livestock and meat products dropped substantial ly in the first 10 months of 1960. Imports of red meats were 22 per cent below a year earlier: Beef was down 27 per cent, mutton 17 per cent, and pork three per cent. Imports of lamb in the first 10 months of I960 were 27 per cent above a year earlier. 7i'fc''-' V" ' ssF.vssr ' ,a, ., m iLM J. i a a . f 1 : ' visit six! Man irrncf Hfuninnwav is nosmraiizen , . - W WB-jT-m -mm -mm m m w m w -ww-ww mm mm ""---'' Wins OTTice JOD - 1M1 NCA. hM. T.W. U. ht Ml. "I want my daughter to be happy, young man. Surely you have a FEW bad habita for her J : to get her teeth into!" aid of other nations, in any policy announced toward U.S. private In vestment abroad, and in the prob able chances of getting a balance in federal outgo and income which would further bolster con fidence in the dollar. Other causes, outside our direct control, will remain in maneuver ing abroad. These include the de sire of private hoarders to buy the metal as a hedge against the still rumored and vigorously de nied devaluation of the U.S. dol lar, and even the game the Soviet Union may be playing with its own big supply of gold overhang ins the market. v The Soviets can keep tlte supply of Cold on the free market smaller by withholding sales of their, gold. They usually sell gold to meet their, own trading deficits with Western nations.' When they don t sell gold they help to keep the gold Bupply thin, and this means the price can be bid up easily when private hoarders around the world want it enouch. Or the Soviet Union could dump gold on the market and disrupt it for the time being by under cutting prioea although this would help the U.S. Treasury by drying up demand for its metal held at the official price of S33 an ounce. . Reports from European finan cial markets indicate the Soviets haven't been doing anything about gold for three months. And one of the things the. international fi nancial markets is watching, and probably the U.S.-' Treasury also, is what the Soviet Union is doing or seems likely to do. The three-year deficit and the accompanying loss of gold has given rise in some foreign quar ters to beliefs that the United States eventually may have to de value the dollar that is, make it worth less in gold by hiking the price of gold. Those believing this have bought gold for their private hoards. Both the old and the incoming U.S. administrations say devalua tion Isn't even being considered But both agree that snmclhinn must be done to cut the annual dollar-payment deficits. One way is to increase our ex portsbut these now are running ahead of imports by around $b billion a year. Another is to cut spending abroad for foreign aid and on military and diplomatic spending. We have another task force in West Germany asking it to help shoulder some of this load. The upcoming presidential mes sage may give clues as to how we are faring and what more we hope to do in balancing our pay ments with the rest of the world. . SENDS IN NOMINATIONS WASHINGTON (UPI) t- Presl dent Eisenhower sent hundreds of nominations to-the Senate Tues day, 10 days before his adminis tration goes out of office. The proposed appointments, all subject to Senate approval, in cluded 1,160 nominations for post- masterships. Many, of the others were routine, appointments and promotions in military and for eign service. . . LOOK! JOLLY TIME IN THE BIG m ECONOMY 1 10(171 v IZE! VyVHAS NEW Jf-wf 1-fZIP OPEN TOr" Where do you stay in PORTLAND? AT THE HEATHMAN with .f?? f .pofaa parking Staying at Hesthman Hotel In Portland now makes more sense than ever , . . That's because Heathman , rstes now stsrt st just $3 plus "bonus" Frte covered ' psrking in Heithman's own garage! . . . Add this to all the attractions for which Heathman is known: Central location, wide range of choice accommodations, three famed restaurants, including the exotic Aloha room. Now, more than ever before, staying at home-owned, home-managed Heathman Hotels is good business . great pleasure! i For reservations, write or wire: pcrfeRHOBOUGH. - Eneland (AP)-Speacw Howde Is going to work at an engineering wonts here dospite his pint sue, and Ithere won't be a strike at the nlant. ' ' A factory sureeon had ruled that Spencer was too small to (work a lathe at the plant, being nnlv 4 feet 7 and weichine onlv 87 pounds. The rest of the factory force threatened to strike in at fense of the youth they had nick named "Kins Size." After negotiations with the union, the management ottered an office job to Howdcn. STKEL OUTPUT UP LUXEMBOURG (UPI) - Steel production in the six-nation Euro pean coal and steel xxl set an other record in 1960, increasing more than 15 per cent over the previous year, it was announced today. A Schuman Plan authority said 1960 production totaled 72.8 mil lion tons, compared to 63.1 mil lion tons in 1959. West Germany ; led with 34.1 million tons. France was the next largest producer with 17.2 million tons. Other members . are Bel gium, Luxembourg, and Holland. ROCHESTER, Minn. UPI- Nobel Prize-winning novelist Er nest Hemingway, 61, is confined to a Rochester hospital under the care of doctors from the tamed Mayo Clinic, it was revealed to day. A spokesman for the clinic re ported only that the author was at St. Mary's Hospital for "medical treatment. The nature of Hemingway's ail ment was not revealed, but it was unofficially reported to be not serious. Unofficial sources also reported. that Hemingway had been in . DEMONSTRATE BUENOS AIRES, Argentina (AP) Pro-Castro groups demon strated late Monday night in downtown Buenos Aires, burning effigies of Uncle Sam, breaking a window of the U.S. Information Service and stoning a branch of the First National City Bank ot New York. About a dozen persons, including four women, were arrested. Rochester for about a month, The bearded novelist had dropped out of public sight since a hunting trip about two months ago in Idaho. Hemingway's wife, Mary, was also in Rochester, it was reported The Mayo spokesman said Mrs Hemingway and the writer's phy sician had refused permission for any interviews with the famed patient. Hemingway, who won the Pulit zer Prize for fiction in 1953 and the Nobel Literature Prize in 1954, first -achieved world fame with publication in 1926 of "The Sun Also Rises." The burly novelist is probably the most famed American writer of his generation. 1 His permanent home In recent years has been just outside Ha vana, Cuba,,. But Hemingway has not been there during recent months. ' '- Don't Miss Our JANUARY CLEARANCE Now In Progress! Prictt Ware Never Lewar! Shop This Bit Salat Evtnt , , . SAVE S $ 3 DAYS LEFT! Carlson's Furniture 2401 So. 6th . TU 4-4S10 jj KRAUT I CABINETS t Factory Mode . . . Foctory Finished CHOICE OF NINE WOOD FINISHES See Our Display at 1960 So. Sixth (Klamath Valley Lumbar Bldf .) 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