The Daily Banner, Greencastle, Putnam County, 9 February 1966 — Page 5
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New Market For Meat In Long - Term Investment
^ WASHINGTON UPI — An M Agricultura Department study 2 points to the European Com- - man Market as an excellent, Z long • time market for meats * produced in other countries.
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The department’s Economic Research Service said meat production in the Common Market countries of France, West Germany, Italy, The Netherlands, Belgium, and Luxembourg is expected to continue below consumption for several years. This means meat imports will remain high.
As a whole, the Common Market is the largest single commercial outlet for all U.S. farm exports — more than $1 billion annually. It stands to reason the United States will pick up a considerable share of the meat market offered by the Common Market. ERS said the Common Market is expected to import 1.5 million metric tons of meat in
1966. It imported an estimated 1.4 million metric tons of meat in 1965 — 62 per cent more than a year earlier. According to the study, there had been a gradual increase in meat imports during the preceding! 10 years, with a sharp increase in 1965. The Foreign Agricultural Service has forecast 1966 world production of fats and oils at a record 36.8 million short tons. This is only marginally larger than the previous record set in 1965, but it is almost 25 per cent above the 1955-59 average. FAS said most of the increase from 1965, forecast at about 235,000 tons, is expected to be in edible oils. FAS said the sizable increase in soybean oil will dominate the entire over-all production pattern. The agency said that for the second successive year, soybean oil production probably will displace butter as the largest single category of all
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fats end ails. Other principal increases will be in olive oil output and in production of tallow and greases. FAS said the major decline in all fats and oils output probably would be in peanut oil production.
BUSINESS HIGHLIGHTS i \ By United Press International DETROIT — General Motors has - increased its quarterly dividend on common stock to 85 cents a share from 75 cents. Last year, counting extras, General Motors paid 55.25 a share in all on common.
NEW YORK — An unidentified group of investors made an offer through two New York investment houses to buy about 18 per cent of Studebaker Corp. or 500,000 shares at 530 a share.!
NEW YORK — The President’s program of voluntary curbs on overseas investments has been threatened indirectly by a stockholders’ suit against Standard Oil Co. Indiana. The suit seeks to enjoin the company from borrowing abroad on the grounds that foreign interest charges are excessive.
NEW YORK — Scripps Howard Broadcasting Co. reported a 26 per cent increase Tuesday in net income for 1965 over the previous year. Profits were 54,488,234 or 51.73 a share on net operating income of 517,384,362, compared to 1964 profits of 53,549,269 or 51.37 a share on operating income of 515,296,987.
The world’s first cities were built about 5,500 years ago in Mesopotamia. The Texas - Oklahoma football game has been a sellout for 20 consecutive seasons.
Keep Tax Refunds Busy And Growing ■. r A When you get your ’65 tax return form, take a look at the option that lets you take U. S. Saving Bonds instead of a cash refund. You’ll find how to hang on to your tax refund, if you’re lucky enough to have one com-
ing.
When you check the Savings Bond line, you automatically assure yourself of two advantages: You provide an easy way
of hanging on to your money and a sure way of making it grow one-third bigger at ma-
turity.
Here’s how that check-mark goes to work for you: If you’re entitled, for example, to a refund of 542, you’ll get a 550 face-value Series E Bond (cost 537.50), plus a check for 54.50. Another good thing about that check-mark—it also helps to strengthen our country’s future security. Uncle Sam puts our Bond dollars to good use in safeguarding our freedom. Think it over. And, if you haven’t started that regular savings program you’ve been promising yourself, here’s a good chance to get at it—with ease, merely by checking the Savings Bond box on your tax
return.
Should Crime Victims Be Compensated? WASHINGTON UPI — At 11:30 p. m. a young woman steps off a bus and starts walking the two blocks to her home. Half way there she is seized by two men, dragged into an alley and raped. Obviously, her government has failed to protect her. Should It then do something to compensate her for her ordeal? Specifically, should it pay her some money? There is a growing feeling in this country and around the world that the answer is yes. Great Britain and New Zealand have passed laws providing compensation for the victims of crimes. California is the first state to adopt such legislation in this country. Nobody claims any one of those three plans is perfect, and opponents of them can raise some pertinent questions. Insurance men claim compensation laws put the government into competition with them. They point out that anybody can buy protection from insurance agencies against almost every calamity, and if the government is going to pay the victims of crimes it logically should go all the way and compensate persons involved in highway accidents or anybody struck by lightning. And a British critic of his nation’s compensation law asks: “Will ladies of easy virtue claim assault when in fact It was consent?” What he was getting at is the possibility that such laws would be an invitation to fraud on a gigantic scale. Criminals would beat up
BIGGEST YET—This la the unveiling of the world’s largest commercial jet airliner, at Douglas Aircraft’s Long Beach, Calif., plant It’s the DC-8 Super 61, and is 37 feet longer
than standard DC-8s. It will carry 251 passengers 3,900 miles without refueling. The Super 61 measures 187.4 feet from nose to tail. The first flight is scheduled for March.
each other and then claim compensation. The newest development is that Sen. Ralph Yarborough, D-Tex., has introduced a bill that brings the federal government into the picture. He proposes to set up a federal Violent Crimes Compensation Commission, consisting of three members appointed by the President and confirmed by the Senate. It would have the power to investigate the cases of crime victims and grant compensation not in excess of 525,000. It would apply only to areas where the federal government has complete jurisdiction, including the District of Columbia, but Yarborough’s hope is that the federal example will convince more states to pass compensation laws. So far Britain has paid out about $750,000 on such cases as these: to a 15-year-old girl who lost an eye when struck by a pellet from an air gun, $7,100; to a filling station owner beaten by robbers, $1,260; to a man blinded in one eye by a neighbor in a fist fight, $5,600. The California law is less liberal than the British one. The victim must be able to prove a genuine need for compensation, and his total family income for a family of four has to drop below $239 a month.
New Maysville News Leon Ti; in was dismissed from the hospital on Saturday Rev. and Mrs. Dyer of Advance, Mr. and Mrs. Bob Leak attended the fellowship meeting at the Pentecostal Church of God, where Rev. Charles Brinson is pastor, on Saturday night. Sharon Hart and daughter visited with friends at Jamestown on Sunday.
Clarence Ward called on Leon Tippin Sunday morning. Bob Leak and family of Indianapolis spent the week end with his parents, Mr. and Mrs. Bob Leak. Sam Dove of Bainbridge was in New Maysville on Sunday.
Rufus Buttery and Clarenci Ward called on the Larmei family at North Salem on Saturday morning. Violet Leak, Darrell Hart, Roy Weller and Rufus Buttery called on Mr. and Mrs. Clarence Ward on Sunday.
THURSDAY HITE SPECIAL Hmu Style Bar-B-B Ribs $1.25 Choice of 3 Vegetables or Salads, Rolls, Coffee DOUBLE DECKER DINING ROOM "Home of Kentucky Fried Chicken"
OUR SPECIALTY WEDDING and BIRTHDAY CAKES PAUL'S PASTRY SHOP
ATOM BOMB HUNTER—This submarine, the Reynolds-made Aluminaut, built In 1964 for underseas exploration as deep as 15,000 feet, is being taken to Spain by Navy LSD to search for that “atomic device” believed in a thousand feet of water off the southeast coast. The "device" was lost in collision of a U. S. bomber and a refueling jet tanker.
NAVY RIDES ON AIR—This aimed craft is the Bell SK-5, which Navy is taking on for its first military operation. It is shown at Coronado, Calif., and was built in Buffalo, N.Y. It will travel at up to 60 knots on a cushion of air over water, marsh, mud, snow. The ale cushion la forced downward ifeam the craft.