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.
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visit six! Man irrncf Hfuninnwav is nosmraiizen
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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. . .
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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. ' '-
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