The Daily Banner, Greencastle, Putnam County, 25 November 1964 — Page 3

Stock Market In Britain Has Been On Down Trend

By United Preu International Since Britain’s Labor party won its narrow victory in the Oct. 15 elections, the British stock market has been sliding downward. By the end of last week, the British pound sterling also was under selling pressures and there was speculation that the ' pound would be devauled for the first time since another La»bor government did it in 1949. At that time the government .led by Clement Attlee cut the pound from $4.03 to its present $2.80. * British market analysts said .the market slide and the presjsure on the pound reflected uncertainty over the goverment’s • tax proposal and a belief that the government still had not dealt adequately with the country’s deeping financial difficulties. Devaulation of its currency is a subject about which no goverment likes to talk about until the deed has been accomplished since one objective of such a move is to force down export prices to make them more competitive on world markets. Devaluation advertised in advance simply means that prices move up to fill the gap, thus wiping s

out any prospective gain. Any tampering with the pound would have a further farreaching effect in that it, like the dollar, is the yardstick for many other currencies throughout the world. Governments which preceded Britain’s present one preferred to protect the pound even at the expense of Britain’s own economy. It was on Sept. 18, 1949, that Sir Stafford Cripps, the then chancellor of the exchequer, disclosed in a radio address that Britain was reducing the pound to $2.80. So carefully guarded was the secret that Cripps did not even write the figures into the text of his speech until after it was delivered. Within a week 24 other count 'ies devalued their currencies in chain reaction. France, not notified in advance, accused the British of economy in a bid for dollars. The new rate was a boon to American tourists in Britain and in New York prices of British goods began falling according to plan. But for Britons it meant a rise in the cos 1, of living because of the increased cost of

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TT. S. goods which they could not get elsewhere and among labor it touched of af new clamor for wage increases. There are similarities betw r een th" British situation as it existed i 1949 and as of today. Then, as now, Brtish goods were pricing themselves out of competitive markets. And then, ^s now, there existed a serious gap between British imports and exports. A possible straw in the wind was a speech delivered in London by Swedish economist Prof. Gunnar Myrdal who said a mild devaluation of the pound should have come some time ago. Mydral has great admirers among the men called to advise Prime Minister Harold Wilson.

Named Presiden* MONTREAL UPI — E. Stuart Wilson has been elected president of Sylvania Electric Canada, ltd., the company anwice president for sales. He succeeds Ralph E. Niedringhaus, who died Nov. 4.

AMERICANS AHEAD CHICAGO UPI—This year German women became the sec- ; ond largest users

products in the world. Only American women now spend more on their hair and face. German women spent $250 million on hair dyes, hair spray, home permanents, face powder and other cometic items, and were the leading purchasers of French perfume.

fiscated the commodity meal and a 300 gallon still in a rural area near Atlanta. Officers also found eight gallons of illegal whiskey.

STILL WORKING ATLANTA UPI — Sheriff’s deputies said Roy Hay, 52, found another use for surplus commodity grain.

Gets Navy Contract WASHINGTON UPI — The Navy has awarded a $2,419,038 contract to Pratt and Whitney division of United Aircraft Corp., East Hartford, Conn, for spare parts for J-57 aircraft engines. The contract is a supplemental one to an existing contract.

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ELEGANT GIFTS

WAY TO WORK MARIETTA, Ga. UPI—Harold Rinehart spends seven hours a day traveling to and from his eight-hour-a-day job. Rinehart commutes 260 miles a day from his home at Young Harris, Ga., near the North Carolina border to work for Lockheed-Georgia in Marietta. He leaves home at 3:30 a.m. and drives to Blue Ridge, Ga„ and joins a car pool. He arrives to work at 7 a. m., gets off at 3:30 p.m., and gets home at 6:30 p.m.

The Daily Banner, Greencastle, Indiana Wednesday, November 25, 1964

NATURALLY You Can Undersfand Again If You Hear But Don’t Quite Understand, Don’t Put It Off Any Longer. FREE TEST Complete Audionietric Test If You Can be Helped We Will Use The Uatest Equipment To Show You How You Will Understand Again.

FASTEST SPEECHES IN THE WORLP APE DELIVERED BY RHODES/AH TOBACCO AUCTIONEERS', THEY SOMETIMES GIVE A'5ALES PITCH" OF MORE THAN 400 WORDS PER MINUTE!

FASTEST RELIEF OF COLD SYMPTOMS SUCH AS SNEE2/N6, NASAL STUFF/NESS, FEVERANPFATIGUE IS ACHIEVED BY TAKING DECONGESTANT TABLETS . LUCE CORICIPIN. Q

When you want to give an important present, the perfect choice is silver. Sterling or plated, precious or budget-priced — either way, silver is almost sure to put a gleam in the eye of the person unwrapping the package.

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96—Former Vice President John Nance Gamer, shown at his home in Uvalde, Tex., celebrated his 96th birthday November 22.

Conducted By MR. EDDIE FISHER Certified Hearing Aid Audiologist Come In For A Visit GET 10% DISCOUNT ON BATTERIES FRIDAY, NOV. 27th COMMERCIAL HOTEL

st/con tom goloui uacu m souat 1:00 P. M. to 7:00 P. ML

CARTOON BRIEFS

j

■fi'-'' • ; - “ On The March!

Be A Distributor In The Fast-growing Plant Food Industry

“STARS OF TOMORROW”—These 10 young "stars of tomorrow" put their best feet forward at the 12th annual Deb Star Ball in Hollywood. Front, left to right: Wendy Washburn, Raquel Welch, Barbara Parkins, Beverly Stuart. Middle. from left: Mary Ann Mobley, Laurie Sibbald, Margaret M -on. Donna Loren. Rear, Tracy McHale, Janet Landgard.

TIPS ON SWEATER CARE

Vikings have been exploring since the 8th century. Roald Amundsen was first to fly over the North Pole in a dirigible. Ten years ago, Scandinavian Airlines System pioneered the first new commercial route in 1000 years, linking California with Europe over the Pole.

"ffff Greater profits for you and your farm customers Here in one group installation are all the major plant food elements in their most modern and productive forms. Mid-South Chemical Co., a division of Continental Oil Co., has developed an exclusive program of modern plant food distribution, incorporating many profit-making features such as: • The only credit card system in the industry—no credit problems for you. • Soil testing and exclusive Fertilay—easy to read soil analysis, helps farmer visualize his own plant food needs. • Special industry-leading programs for fixed-installation tanks as well as on-farm application equipment. • Tested sales and advertising plans. • Complete line of nitrogen, phosphate and potash. If you have a farm following and the experience and ability to operate a Big N distributorship, only limited capital investment is required. During November-December expansion program, Mid-South Chemical will put you in the business immediately as a Big N distributor. Here is a once-in-a-lifetime opportunity for good immediate earnings and continued growth.

Call Mr. F. L Mounce, manager, Mt. Vernon area, 812-838-4301, P. 0. Box 48, Mt. Vernon, Indiana, or mail cou-

pon for additional information. -life-

I Vice President, Operations | Mid-South Chemical Co. j 1222 Riverside, Memphis, Tenn. j Please send details en your distributor program.

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Present Business

Your treasured sweaters will look as new and soft months from now if given the proper care. Most sweaters today are washable unless labeled “Dry Clean Only.” Follow these simple tips from the makers of NuSoft fabric softener. Roughly outline shape of sweater, measuring top to bottom, width at shoulders and waist and length of sleeve. Turn

inside cut.

Wash in lukewarm (not hot) water using mild soap or detergent. Squeeze suds through svveater, lifting, turning and squeezing gently. Never rub, -wring or twist. Avoid dingy white sweaters by adding nylon !whitener and fabric brightener to the water and soaking five to ten minutes before washing. \ Three or -more rinses are needed to remove all suds ^rapped m the knit. Add one half

Jit

capful of aqua blue fabric softener to the water for the final clear rinse. Immerse sweater and swish gently for two or three minutes. Fabric softener keeps sweaters soft and fluffy as new. It also prevents clinging caused by static electricity in synthetic fibers and helps reduce pilling. Squeeze sweater lightly to remove dripping water, then place between two fresh towels and press out remaining moisture. Transfer to flat drying surface and shape to measurements, finger pressing details. Ease in neckline and cuffs which tend to become stretched. Sweaters of synthetic fibers may be dried in automatic dryer at low heat set-

ting.

Store sweaters by folding loosely and placing in a drawer or on a shelf. They should not be hung or crowded^-—

Good telephone manners are vital in keeping good customer relations. After you land a customer, says the Customer Relations Research Foundation, let Itim know you’re grateful t* have him with you.

79 Projects Are Listed By Shriver JOHNSON CITY. Tex. UPI— Sargent Shriver, head man in the war on poverty, conferred with President Johnson Tuesday and then announced a $35 million “first major assault on ignorance, want, and deprivation.” He said the domestic Peace Corps will start training before the end of next month. Shriver unveiled a list of 79 projects after a two-hour conference with the President at the LBJ Ranch. Another 41 projects—youth job training camps—will use $15 million in federal grants. They were announced earlier and, with Tuesday’s list, bring the number of individual programs to 120. Shriver said the government would bear the major cost of the programs, $32 million of the $35 milion total, but the plans will be administered by state and local officials. The largest single grant was $2.8 million, which went to Detroit for a community action program by the total action against poverty organization. Shriver said the grants were made on the basis of applica-

tions from individual communities. Jack Conway, head of the Community Action Program, said he sought variety for this first major list of projects. Highlights of the program are: —A fourteen neighborhood youth corps program to provide jobs for youths 16 to 21 so they can stay in school or increase their employment chances. Federal grants of $4.65 million will go to programs serving 1,500 youngsters in 13 states. —Federal grants of $12 million to help communities plan, develop and operate anti-pover-ty programs in nine states. —Work experience programs for 1.200 unemployed parents who will get basic education and job training in four pilot projects at cost of $1.22 million. —Some $15 million in federal grants to build and spruce up conservation camps that will give basic education and work experience to boys 16 to 21. Construction contracts for more than a dozen of these will be awarded soon.

Cook frozen meat as soon as thawed, especially when the meat is thawed at room temperature.

EXCELLENT OPPORTUNITY TO GO INTO BUSINESS FOR YOURSELF SUNOCO If you have service station exper ience, an unusual opportunity awaits your call. WE ARE INTERESTED IN YOUR EXPERIENCE -NOT YOUR FINANCES. INTERESTED? After 5 p.m. Terre Haute 5 5395 Indianapolis AX 1 -4690

Split and grill frankfurters for supper. Serve topped with heated canned applesauce.

NEW SAC BOSS—New commander of the Strategic Air Command la Lt. Gen. John D. Ryan (above), replacing retiring Gen. Thomas Power.

“You don’t get into a Jaguar I JCK-E, you put in on,” say sports tar enthusiasts. They describe ;he feeling as “like donning your favorite suit” — the car seems like a part of them.

CRAWFORDSVILLE’S FINEST RESTAURANT

PRIVATE BANQUET FACILITIES Phone EM 2-1442 for reservations

406 WEST MARKET ST. in Crawfordsville THANKSGIVING DAY BUFFET • Roast Turkey and Celery Dressing • Baked Ham • Baked Stuffed Pork Chops and a vast selection of various hot and cold dishes SERVING 11 AM to 8 PM

Calling All Kiddies To visit Santa Claus on FRIDAY, NOVEMBER 27th 12 NOON TIL 5 P.M. 6 P.M. TO 8 P.M. Saturday 9a.m. to 12 noon 1 p.m. to 5p.m. PUTNAM COUNTY COURT HOUSE, Greencastle Santa has a treat for every little boy and girl visiting him HAVE YOUR PICTURE TAKEN WITH SANTA IN LIVING COLOR MEET ME INSIDE THE COURT HOUSE SANTA CLAUS