The Baytown Sun (Baytown, Tex.), Vol. 44, No. 140, Ed. 1 Monday, February 4, 1963 Page: 4 of 12
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Monday, February 4, 1963
Editorials
What Will Be
The Effects?
gffSOUX6
Frances torpedoing of Britain "s’wury into the
European Common Market was the big deveiopmeat
taring the past wt«k but tbe effect on American busi-
ness has yet to be fully assessed. '4
On the domestic scene, good corporate earnings
reports reflected an improving economy-And the Ken*
nedy administration plugged hard for its tax-revision
program.
InternationaJ-minded LIS. businessmen got a
rude shock when French President Charles de Gaulle
turned thumbs down on Britain as a seventh partner
In the Common Market
Some had envisioned Britain, wehre US. invest-
ment in plants exceeds $15 billion, as a door to the
lush markets of Western Europe. Now the tariff bar-
riers will remain up.
Industrialists indicated there may haw to be some
revision of thinking on how to tap the‘Common Mar-
ket Those already with plants in the market area
•aren’t worried. *
TruKritlrau were that President Kennedy** trade
program wiB have to be re-evaluated.
Some authorities said the world commodity agree-
ments for international control of production, exports
and prices may be wit the window.
But the most widely held attitude appeared to be
one of wait and see if pressure from the five other
members of the Common Market—West Germany,
Italy, Belgium, the Netherlands, and Luxembourg—
p>M« that rf fhft ffqfted Stat— may ymt gmt fh*
British in. . "
, . The parade of corporations reporting sharp in-
creases in earnings for 1962 was led by General
Motors, which piled up the highest profits ever made
by a corporation in one year. The No. 1 au|p pro-
ducer earned S1.459.000,000, equal to S5.10 a share,
compared with $893 million, or $3.11 a share, in 196L
Its sales tone to $116 billion against $11.4 billion
the previous year.
Du Pont was another record-breaker in the profits
column. It cleared $452 million, or $9.60 a .share,
compared with $418 million, or $8.88 a share, in 196L
On the other hand, earnings of U.S Steel Corp.
-g.-aaak to a 10-year tow-. The company, which faUe^n
Assignment: Everywhere
an Ihf HW» «l the sky to you,
as i you had never at your Me-
time seen a More.
Waiting for the alarm dock to
go off—end then reaiinnr n * the
first day of year vacation. Tistmg
the first strawberries of the sea-
son, and knowing it won't be too
long before the watermelons wifi
be ripe. too.
Being invited to the boss's home
fir dinner and finding they pack
up chicken m their hank and eat
it just Uk» everybody eise. Get-
ting as unexpected (11 pty raise
the week before you were tteeJmg
up yoor nerv e to tell the big man
you bad to hare fire bucks more
or you’d <jujt. Having the barber
te3- you. "Sa hefo me Hannah. I
be-jev e it's growing hack again ”
Fadmg you can shi! throw a
football half a yard farther than
your daughter's lS-year-aid boy
friend. Seeing a redbud or. a wait
through the woods on a wintry
m w a iv-j vox fw". sw ww«^i»yr^ «■ ■» ---------—,fkHU IflniA
an effort to boost sled prices last April, earned $163.9 YORK (AP) — SMtwl
million, or $2.56 a share, against $190.2 million, or comments hr a pavement Plato:
$105 a share, in the poor vear 1961. Earnings of the Most of the no? pfeanre of irv-
No. 2 steel producer. Bethlehem, fell to a 15-year low. J* «*** from and joys that
Three Cabinet members thumped for President **
Kennedy’s tax program in appearances before the Getting an abject apology from
Senate-House Economic Committee. -
Secretary of Commerce Luther H. Hodges de- *tt
scribed the tax reduction and revision proposals as home after a*hard day of boMc*
“a business program—designed to improve the profit your fees spot n office desk,
position of American business and provide healthy Opening a nwgtew s k«er iy
incentives for investment." gS
Secretary of Labor W. Willard Wirtz said they friends
would help* prevent the unemployment total from Finally paying off a *-ycar
risine by 1.6 million by 1967. ■«*»? * the *«e-bef«e
The commission was told by Secretary- of the
Treasury Douglas Dillon that the Kennedy admims* - you that you count Kill enjoy com
tration can handle the deficit arising from * tax cut « the cob with thf new sore
without inflation or a dangerous imbalance of inter- toh
national payments. 4 ■ tune rou cat ant gong to have
The government reported that to January unem- baent She amply needs to go on
plovment increased by 855.000. This was not uneX- a diet.”
pected becauseof the time of the year. ******
Investment in new construction climbed to Jan- JS^foB fSS that
uary. ending a two-month decline. Trie one per cent ^ fJB gg^ ^ ^ $ shorn
advance lifted the January’ level to an annual rate instead of sue# Reading a poem
of $62.6 billion against a record of $63.1 billion in
October. »»$ voted “Boy most likely to
Another key indicator, machine tool bookings, at- mtem/T and finding oat you are
tained a record peak in December, bringing the 1962 malm* *u more a writ than he
total to $713 million, up $26 million from 1961. Bw»tctag rt&bm catch firefbet
Steel production slumped about three per cent summer
during the week after three straight weekly increases. night. Wake* up before daws and
Hie output of 1,863,000 tons compared with 1.915,000 wtymg m mb’! to*
nrot-inne week ‘ * S«g» &E5? to fffl gSLty
hSSS. the .industry expected . jn.lu.HncW* J^SlS &<%£’£
In the months ahead. Hedge buying against the possi- as. \b ether hates! to the
bilitv of a strike was reported spreading. - W«k cam* «a **2y*jf
Automobile production zoomed along with an esti- *■
maied output of 155,000 cars during the week, com- sayim go*&y to someone you
pared with 151,562 the previous week and 138.409 . love and hrilp to someone you are
. VMr =on really happy to see Hearing your
* Sales on the New York Stock Exchange dropped
to 21.363.612 shares for the latest week from 23,313.- jadr-m a imt that make you
ITS the week before. Bond sales on the stock exchange M like royalty. Havas* the same
*23JBI,00°v,te
from $24,020,000 * week earlier......... ....... ^...... » her s«Biag ted, or pock out.
Daily Crossword Puzzle
-KINS FEATURE -
Bible Verse
Try and Stop Me
- By BENNETT CERF -
fiRmC WARD MOREHOUSE wss rciniDdinj i lot erf did
ta cronies the other P.M. about New Yofk in 18M. Man-
hattan big-shets in those good old, peaceful days chewed
pepsin gum, drank Balti- gt ^
more Eye, to»k night peerry
boats to Albany, fifty,
New Bedford. Fall Hirer,--& ’
or Old Point Comfort,
and went to the Stude- CM.V
baker shop on Prince F
Street for their carriage
It. was a time of wasp /A\
waists, high button shoes, f , \ \
Gibson girls, Sousa’s ■ J ■ 1 * \
’.Band, William Jennings.......| l ■
Bryan, and^the Klcmdike __l I \
gold rush. The best-sell- - \ J|W~'
mg bocks were "Quo --<5^
Yadisr*»nd„ “When......... ......_ ,
Letter To The Editor
CLASSIFIED
TRY SUN
Know Your Bridge
-1» B. JAY BECKER —
iaaiuwrjnim»M
South trumping again,
Schenken then ruffed a dia-
mond in dummy and led a
trump. East showing out Now
doom to four cards, the A-Q-J-9
Of spade*, he played Use' jack,
and West with the K-104-3,
could make only one trump
trick. So Schenken made two,
spades douKed.
Alphonae Moyae, Jr., editor of
The Bridge World magaxtne,
TODAY'S GRAB BAG
Usas it- toe iargeK contnWkie r* mb? orparaaed toe Mothers’
ere made ’sward *» eCertjve Marrit mbit* netted MJRIk
iwta witoh H arreted toward toe -y*; rHkrs and Txn
MtosWacE tt Jfet’jng rer? m dtosae af ’ toe
—M toe swetres M toe towe T*-!y&Ki»t-Brigade a+cch cor.tn-
mrn -he fttntwy to ,ty ^ teed tore f» to«t Wal •
£ Foe toe effcrw of there
• V I»,.tDsjb>. WaM
4AQJS74
•The real hero for New York
to this deal, however, teas Dick
Kahn. East in the other room.
' The bidding proceeded exactly
the same way, with HUw hbei g
to atoo doubling two spades, but
s Kahn topk the double out to
a three diamonds, making four,
uto *Thia may not ha regarded
This hand occurred to Wto td a feat, considering
Lot Ancttoa-New Yaric matth i®*to'a dtetiibution, but that
-W iaaw xi-toa tow mkto! torn business still stands Whv»
SeteZi." ,Wte ]Baato*a7fioSo^ -fii Raw Ttek
Trek, taenaa toad*** * ta» |« Jte^toring environs takes
Spate* tea Wed Pari*pa Weto 1®*^*®***^ ««t of bato-
toxntotoX tare teoiatoiiiit, but g., m*a doubles: The last time an
mu* ta amtattod the tmepu-1 eppwevt^made a double agtwxat
tkm wtm treat. J ll» «« m lasi—uui then only
iSJK&sr
toe j ack erRh toe leaf tad -Thus, Kahn had / to hare
ptoyed the jacto <g tea«i«te jS^ty Of moxiw and it uw.
Ezto am tato the queen and ahwa 40 to 1 he Was uTon
returned & club, taken to that Hirschberg actually had
jiff imjtmtm §utt
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Hartman, Fred. The Baytown Sun (Baytown, Tex.), Vol. 44, No. 140, Ed. 1 Monday, February 4, 1963, newspaper, February 4, 1963; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1057087/m1/4/: accessed July 3, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Sterling Municipal Library.