J
THE JOURNAL
& Protectionism
TtJESD^Y, SEPTEMBER 26> 1972
NEW YORK (AP) <* Wheat exports
and oil injports were live topics in 1
business news jthe past week. Wheat"
exports, are destined for further im
Termed 'Irrelevant'
PA£E3
whether farmers in the early harvest
states of Texas, Oklahoma and Kansas
had been kept in the dack about the extent of the Soviet Unipn?s needs for
vestigatiofi and oil imports will1 bey whgat.
.
:
. '"..
boosted in the final quarter of 1972.
.At' the sarnie' hearing• Agriculture:
part of the United States international
The Agriculture- Department late Department officials denied, that six
trade policy, then I feel that the threat of Friday eliminated completely wheat: major grain exporters had derived any
a Burke-Hartke Bill will fade away. But export subsidies, at least through advantage from their telephone calls on
meanwhile the fact that it is there should Monday.
Aug. 24, advising the exporters that a
Corporation, said recently that the unfairly ^ that can put various of bur.ought to be available to such an industry serve as a constant reminder that the
The action makes the price of V-.S* change in wheat subsidy policy was in
penalty
of
ignoring
reality
tod
long
is
debate over free trade and protec- industries at a 'competitive' disad- the opportunity to" petition and be
wheat about 18 cents Higher per bushel . the making.
uncomfortable for fofeigii customers. It also makes
, tionism is "totally irrelevant."
Clarence D. Paimby, who left the
vantage— that must not be ignored and granted something in the nature of a usually a verv
'
S
American wheat 50 per cent more ex- department June 7 to join'Continental
Speaking before the Forum of the that only government can treat with. No preliminary injunction — which simply overreaction*".
Larry said that international political pensive on the world market than it was Grain Co., testified that contentions he
. World Affairs Council of Pittsburgh, company or industry can bring about a holds things as they are and prevents
'
, had carried government secrets with
Larry pointed out that free trade does fairer realignment of exchange rates; them from getting worse pending' a pressures will continue to bring about a month .ago. ' •'.
economic nationalism which will affect
not exist, and protectionism is im- no company or industry can by itself put comprehensive inquiry.
Vice President Spifo T. Agriew said him were an "outright lie."
a damper on domestic inflation; ho
"The second would be the creation of both trade' arid investment op* the Federal Bureau of Investigation
• possible in the world today.
Because of increasing demand for
would "look thoroughly", into" the .petroleum products, which domestic
"If by free trade," he said, "we mean company or industry can carry the an official forum before which an in- portunities.
"Both the existence of these pressures question of whether biggrain exporters, producers have been unable to match,
something like the movement of goods, burden of either negotiating away or in dustry could develop and adequate
services and money between economies some way countering the various ndit record concerning what its problems are and the unavoidable interdependence of selling Wheat to the Soviet Union, had aiid because stockpilesar e diminishing,
without government controls or • tariff governmental, influences which and what the prescription ought to be. nations requires that We continue to taken "any undue profit, due to any President Nixon issued a proclamation
"And third, recognizing the great participate in efforts which may some misinformation or improperly revealed -raising import limits, especially for No.
limitations, it is my considered opion may befound to balance the trade scales
variety of non-tariff influences and day bring about the development of a information on the part of the federal 2 Heating fuel; whidh is used extensively
that there is no basis whatever of ex^ unfairly against it."
new set of international rules ?=- with government."
• .
•
pecting its achievement within any of Larry also pointed out, "No company recognizing the impact of economic codes
the Northeast section of the nation.
ranging over equalization of tax The White House said later the in- in Government,*
or
industry
deserves
a
permanent
shield
nationalism displayed in various kinds
experts said the
• out lifetimes.
policies, anti-trust policies, fair pricing,
"Arid on the other hand, if by against international competition if it is of economic planning, it should be made treatment of for-eign lnvestinehtSj vestigation • was requested by proclamation, which is applicable to
clear that the government possesses a
Secretary Ipafl L-.JButz*
disfficts east of the Rocky Mountains*
protectionism we mean a retreat to fair . . .
equitable sharing of the burdens of Agriculture
Rep. Neal Smith, fi-Iowa, said a would raise by 624,000 barrels a day the
economic isolationism, it would be
"But on the other hand, we cannot wide range of flexibility which is no way accepting the manufacturers of less
House small business subcommittee amount of all petroleum products imridiculous for anyone to try to advocate afford to, let foreign competition flush' limited to ari effort to treat with IIOIK developed nations, etc.," he saidL.which he heads would examine the ported in the last thref months of 1972.
or defend such a step in today's inter- any major industry down the drain tariff influences on only a global basis."
Larry noted that development of such whole subject of how American farffief s The current fate is 1,780,000 barrels a
Continuing, Larry said:
dependent world," he continued. "It without taking a hard and pragmatic
look at why it is happening, what the
"The importance of a pragmatism rules may be long in the making and fare in foreign trade.
day.
simply can't and won't happen."
Larry emphasized that individual prognosis is for the future and what i s which, enables addressing a particular concluded tKat the United States
A House agriculture, subcommittee " It also would raise from 45,000 barrels
governments will continue to take ac- called for in the light of such analysis." problem of trade a t a particular point in meanwhile "d^re not blindly attempt to headed by Rep. Grahajii Pur cell, p= a dayto83,006 barrels a dav the amount
in discussing future trade legislation, time cannot be overlooked. If a fair practice theories which others are not Texas, held a thf eeday hearing on the of Nbi 2. healing fuel that can be imtions that support their own domestic
•
wheat topic, raising such questions as ported in the same, period.economies, responding to popular or Larry suggested three points for ctin- degree of pragmatism can remain as a following."
political pressures within their
economies. He asserted, "They will
PITTSBURGH-Calling
for a
pragmatic approach to the problems of
of "comparative advantage"- in international trade, Larry said: "Surely
sideration:
"First, since recent history shows how
international trade, R. Heath Larry, by now it has become clear that there fast market disruption in certain imvice chairman of TTnited States- Steel are so many .things that can affect trade portant industries can occur, there
prone to take such actions even when
their impact upon the larger world
economy is negative, and even when
their impact upon certain other
economies may be downright harmful."
He stated clearly that economic
nationalism will be the guiding forte in
international trade "for as long iii to the
future as any of us can see." In this
connection, Larry noted that major
econmies must develop and give constant attention to rules to contain
economic nationalism. .
He added, however, "Any nation
which, in shaping its own trade policy,
tries to pretend that.sucli nationalism
does not and will not continue to exist,
will risk an. economic disaster of its own.
"For too long," Larry pointed out,
PRICE BUSTER
KINNEY'S ARE HELPING KEEP THE LID ON INFLATION!
KINNEY MINI PRICES AT ALL "NEAR YOU" STORES THRU SATURDAY, SEPT. 30... QUANTITY RIOHTS RESERVED
SAVE 82
SAVE 1 26
7 OZ. TUBE
HEAD
••••
Excavating, sand or gravel
your income tax prepared
Your wall painted
papered
Sewing MachineServicfj
Auto Glass
Electrical work
A carpenter
1.59 VALUE
•exalt SUPER PLENAMINS
THE U I T A M I N SELECTED FOR USE BY THE U S OLYMPIC TEflM 1
Service Directory
attachment
Two temp, settings
' 16,99 VALUE
11
88
THD-2
1.98 VALUE
VALUE
VITALIS
HAIR GROOMING LIQUID j
SAVE 46
TABLETS
B
SAVE 1.10
VESPRE 2.5 OL ALBERTO BALSAM
SPRAY MIST
7 01
901
SPRAY "
-MaliMoa...
• 1U>-
FOR ONLY..
I
I
I
ANTI-PERSPIRANT
CONDITIONER
' Hygiene
NAT72A
DIAL
Reg, or Super
Feminine •
IN REUSABLE APOTHECARY JAR
G9
2IB$O69
SAVE 70
SAVE 75
COLGATE
Dental Cream
TOUSWE
j% MULTI-SCRUB !
HSK
AMERICAS LARGEST SELLING MULTI-VITAMIN MULTI-MINERAL PRODUCT
AMMONIA
28 0Z.
SAVE 56
POLIDENT
Powder
10 0Z.
'SUDSY1
1.49 VALUE
1.13 VALUE
1.49 VALUE
1.79 VALUE
MORE THAN 7,000 DABLY DISCOUNTS...WHY PAY MORE?
by Kodak
SAVE 74
with
CASH REFUND
OFFER
REXAtl
SAVE 70
BARBASOL
K-135
SHAVE CREAM 11 0 1
for Color Slides
36
29* VALUE
KINNEY DRUG COUPON
HAY FEVER CAPS
20 EXP.
28
WHY PAY
MORE?
1.25 VALUE
TRUSTED MORE THAN 7 MILLION TIMES FOR PRESCRIPTIONS BY NORTH COUNTRY PEOPLE EXCLUSIVELY
DISCOUNT I S A V E 66
SAVE 68
I M V A L I D NEEDS f°RR
Fast Pain Relief
P A Y MORE FOR COLOR PROCESSING?
INSULIN PRICES
ANACIN
COLOR
REGULAR U40-89
080-1 79
PROTAMINE ZINC
100 TABLETS
• ForAfcg.
12 ALBUM SIZE 128
12 WALLET SIZE NEGATIVE
VALUE
TURN YOUR SLIDES INTO
PRINTS
> >-
24 Tablets
,
*o
SAVE 1.56
SAVE 12
SCHKK MfMf •
SIMILAC
U80-1.89
PLAY NURSERY SET
b
* Miner
Includes cradle, high chair,
play pen and dressinette 'of
polyethylene, Vinyl doll is
dressed, has rooted hair. No.
SAVE 4.01
TOOL SET
Sdiidt-D
RAZOR
with 5 :
Super Chrome
Twiri Blade
REG. Of WITH IRON
BABY FORMULA
QUARTS
Jteady to Feed
2.00
VALUE
from
Technical Crafts CoT
Choice of 3 Kits:
no. 8110 - RADIAL ENGINE
by Mattel
FAT TRACK,
BREAKIN'8 SET
SAVE 9.01
Figure 8 track for
racers who want to get.
into the action. No. tin
1 9 5 VALUE
Sturdy woodworking tools in
fine wood chest which opens to
no. 8120 - AUTO ENGINE
19 inches: Fourteen toots irt-
no. 8130 - JET ENGINE
• ANESTHETIC
• ANTISEPTIC
DECONGESTANT
Cartridges
h» KODAK
Plus 1 0 ° o Discount from Kmney Drugs
DRISTAN
U40-99
1.67
i ; ; w r o j H a N t ^ -;'
Each Fourth Print FREE
A l u m i n u m C'utches. Cdnes
NPH or LENTE
MOTOR KITS
9 r PACKAGE OF 18
Classified Ad
Handy Comb
Aches & Pains
VALUE
CHLORASEPTIC LOZENGES
SW TODAY'S
MAX MINI HAIR DRYER
Relief of
KINNEY DRUG COUPON T
r# Your rubbish removed
A truck for light hauling
14 0Z.
1.09 VALUI
14 PRINTS
Your driveway plowed •
1HTENSIVE
CAR!
10 0Z. REG.
Do You
Need
LYSOL
SPRAY MIST
DISINFECTANT
SHAMPOO
WHY
camps.
SAVE 89
SHOULDERS
longer Super Sam. Not with.a trade
BEIRUT (AP) — In Egypt, a low wolf
whistle can quickly bring the power of
law on sidewalk playboys and women
chasers.
The Iraqi News Agency quoted a
census published in Cairo saying that
women chasers are arrested at the rate
of 100 a day. •
Arrests on charges of woman chasing,
by whistling or by uttering indecent
phrases, have risen sixfold since 1970,
said the agency.
This year, the agency reported, 12,000
sidewalk woman chasers were condemned to prison sentences ranging
from one week to two years and fined
from $46 to $230, depending oh the
gravity of the offense.
In ultra-conservative Upper Egyptian
goverriprates woman chasers were often
arrested and had their heads shaven
clean in public. They were also conscripted or sent to compulsory labor
SAVE 95
VASELINE
SIUCONE LATHER
SHAVE
could afford the iuxury of such pretense.
But "not anymore, trncie Sain is no
WOMEN CHASERS BEWARE
SAVE 60'
AQUA VELVA
SCOPE
"the United States apparently was so
pretending.
"For a while it (the U.S.) apparently
balance which has slid into a negative
position for the first time in nearly a
centruy, to the turn of several billions of
dollars. Not with a payments balance
.which continued to be adverse and
which last year was negative by nearly
"30 billion dollars." *
- ?•- **-.;;
Larry said that in the past, when a'
company or an industry complanied
about the-increasingly "competitive"
world market, "it was almost con- •
clusivdy presumed to be confessing its
own'-.comparative inefficiencies and"
asserting strictly a selfish interest in
opposition to the best interests of the
consumer. There was almost no
willingness to take into account the
various artificial influences which made
for this new "competitiveness," he said.
Tracing the failure of the old doctrine
SAVE 63
sMt. N o . r -
Includes /Sinters car, goose
2.00 VALUE
18 "NEAR YOU" STORES i r /
pump,' burning.- control,
recharger/ arid fat track set.
moo VALUE
^^^^^^
69* VALUE
KINNEY
PRESCRIPTION PHARMACIES
OPEN NIGHTS & SUNDAYS l Tf