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Show . k DESERET NEWS' AND ,TELEGRAM, Wednesday. May 22, 1963 AI1 1. Factors Chalined In Economy Hike WASHINGTON (I.TPD The, Commerce Department reported 'Wednesday that increased busincs inventories and higher fedrral government spending were ' "dorrd nant factors" in helning the economy achieve ,a record Gross Na tiona I Product (GNP) annual rate of t372 ' billion during the first three ' months of this year ..The GNP isThe-tota- l of the nation's goods and serv ' ices 'produced. It Is consid ered the most reliable yardstick of economic growth. The $.3-billion annua.1 rate reported Wednesday confirmed earlier predictions. It was up more than $8 lion from the fourth quarter of 1962higher than emit- omists had predicted last i .1.. I - year. --a- nd Outlay for consumer:goods services accounted for more than half of the GNP in the first quarter. - 10 : 'D ,t:,,,p!i!oo-'06i6- ',,- 11) - A 6 , :. ' , ,'.:A1::Oullo.bk:-'''' : .'..'::.liFot'Bil-tiOtis:::,:i::.wow . NEW l'011it . tUPD,r-Tre- , STOCK HAS BEE!' ASSIGNED FOR LIQUIDATION at ,ury Secretary Douglas Dillon said Wedneiday he wai "gin of this stock was mortgaged and Is being liquidated for the benefit of the Institutions, holding the mortgages. Some items hay. been added to the group to supplement the seleetion being offered. Most- - , . :'!""11 uinely . optimis-- financial ; f tic" ab o u t the business outlook g'' for 1963, but the Asti, 7 economic picture ',., ., 1 J might not be as .. '',-.:-. : ; "gloriously rosy, as some would I paint it." ' ' , - - - -- , Dillon - MODEL BIG ASSORTMENT of payments def.,: Secy. Dillon icit at the end of I this year might be "compora- -- - tively large." , The cabinet member discussed the economic situation in a speech at the sixth annual University of Connecticut Loeb awards presentation luncheon at the Waldorf-Astori- a Hotel The Commerce Department reported last week that the bat- once of payments deficit for i , the first quarter of this year rose billion. It would be unrealiii--1. tic to look for any sudden solu- -'-thin in this area," Dillon said. "Becaure we are relying on the slower, but Surer, solutions brought - about - by - a market economy, it is entirely possible that this year's deficit will still be 'comparatively large," he K651 : REFRIGERATOR 9R533, PHILCO WALN.LIT......0-TT.9Np.'.-:.: W720 KELVINATOR 331 964 999 , WASHER' 2899' I Amo. t 179 45 HOTPOINT RANGE , KFII0 1629 1000 1 PORTABLE . added. The deficit is the difference between. the dollars spent abroad by U.S. tourists, corporations and the federal gov-ernment, and the dollEtTs spent In this country by foreigners. Dillon said that some &ono-mists heartened by business's strong showing during the first three months of 1963, were "hoping for a long-ruupswing, to near boom-tim- , ' ' . , - TV'S , ' , - C - K38M RANGE , No(V,V.Vki 77 RAI;IGE HOTPOINT- TELEVISIO AUTOMATIC WASHER - RANGE; KELVINATOR - 1 ,.2414:78919999 9999sss5:32-21:- ' 493,745, - SACRIFICED : i FIRST COME HOOVER VACUUM iASY FIRST SERVED i - 33 ilk "My feelings, while' genuine- ly optimistic, is not quite so sanguine as this,' he added.,, On a shortrange basis, DU- Ion said, the "economic picture looks bright but not perhaps so gloriously rosy as some it." The seeretarysaid that a re-duction in taxes whttid-provid-e the proper economic stimultinf, to help both the husiness outlook this year and teh balance of paYments sithation. ' - , 6993 1 let.7' t 491? YOUR N CHOICE s'A(ONEI DOM - ' it . , Reg. 24.95 - BANK' TERMS , CHAIRS ', GENERAL ELECTRIC VACUUM e levels.' fig. Atir-GIBSON PHlito-ELiCTRI- iW332 -- - 59-95 18875 25995 , ' AAA - 91- 1- -- 36 30-SS- , - CONSOLE STEREO -L- 1 1 UTILITY WATER ,HEATER'', 40-GALL- - Reg-- 399.95 - , AAA,o 211 395988 - ELEC. RANGE PHILCO 99; sss 2 -- ,R8325 -- REFRIGERATOR KELI-tifikT- 405S36 NI PACO Reg. DESCRIPTION OR ' .CQUSOLE- STEREO OF BARGAINS! HERE IS A PARTIAL LIST said that the balance .,'.......:'ADMill.Ai,..: 111,.)I91,4P. 1 (... - IG PE LUXE IVIODE oil i 1 own. '74'.00 AUTOMATIC WASHER NAUGAHYDE 11 AHNIntc EASY , 11Ait wow. 1 v't V , ow COttIBIIIATIO11 41,11 REGULAR 25995 OfM.V., C:' ittslele .atee portetelot Deep loath werAing fies. Doe. die triple rinse. All Durinny Reactor in Test' 'Re-ent- ry , , , YOUR i ISLAND VA.', (UPW. The Atomic Energy Commission (AEC) earl)n : Wednesday. shot a dummy! nuclear reactor Into space o , see whether atomic power plants aboard Spacecraft would be dangerous wilen- - they .411! out of orbit' mockup-washot bout 90 miles high 15n Scout rocket. It plunged back down through the - atmosphere at about 15,000 miles an hour, suf.ficient- to determine whether the intense burning 'cause by !. air friction would disperse any radioactive material harmlessly. - '''''' LOW 1:... 0. ,MONTHLY PAYMENTS 41 307 ItELVINATOR 4. FOODARAIM flee Giant Glacier -- NOW -- Is - KELVINATOR , Colgic!s k d size 430 CoLotteto today. Introductory , 1 fULLi GUARAIITEE-FU- '424995 17975 28995 177(,'5 ) 189- 10.iROST REFRIG. - ' CHltO DItHWASHER - '''': -C- -- 29975 28995 2084-- 20995 14885 3995 1977 P.M5;11.-fM9PELS'-.7- Reg. to GlIERALo ELECTRIC RANGE- - o 13 . e S'!" YOUR -- ,1 CHOtecz .36995 19765 ALL ITEMS ARE SUBJECT TO PRIOR SALE'L' 1304 ,d , -- ...um., ' C.77) c ', 11 H ,...., , :.':'.71 77. ..TÉLE11.510. 13845 41995 '. ) ,.- ; 'IlARRAIITY LL -- -- WARRANTIES, GUARANTEES AND SALES OF MERCHANDISE MADE DURING THIS SALE BACKED SY ALL la A R I( DELIVERY, FREE. .10111100.-, ,......... - r ,lzvN - Tfl (7N, id Your 'colon hat nerve& that control regularity, Whet you are tense or Derv- - I normal bowel impulses may be' you 'become consii'rated. New COLONAID toNcts relieve this misery with a new principlea Unique coUmiclserve stimulant plot special bulking action as recommended by many. doctors. Result? Coeoseato puts your colon back to work-,-grnt- ly relleveti constipation overnight. You -S 7 -- : -- - - GI3SON UPRIGHT FREEZER 11199 14 .14,0 4 - qhf-- , EptERS011 PORTABLE'TV 714RI a Tense r.erves - ST - DE634:LPHILCOEIECTRIC DRYER. ,kovintisememt-- -, - GO-FA- - - I feet.greatt Get yin. NOVt , 65111 moved from theyath- of giant glacier eight miles long and More .than a half. wideil the-riepaper Xornsomolskaya I Pravda reported Tuesday. clinically-prove- leers. DEXTER TWIN TUB WASHER 1830 Moscow 41:PI) An ..SovietCentraLL-Asi- motAleell 21C5PACKARDBELL CONSOLETV,J., Reg. ,699,.95 , PrCiii0111 Wes lies clothes really ties, every time end very aulckly net el tripped demi medal. THESE 'V ' ' e A, - ,' 0 CHOICE , , out Reg. 99.95 -- .W, '4 ' D 11 0V N .3,'134;.70-,.'.-Gr:::V..E2EDEi--'- - OUT STATE STREEITO MIDVALE JUNCTION (7720 SOUTH), TURN WEST DOORS TO MAIN STREET IN MIDVALE (WALKER RANK CORNIIM-00-- 13 ' NORTH OP SANK ON WEST SIDE OF STREET, GO "SALE Alt CEGI:IS10:30 DAILY 10:30 A.M. LI:ITIL-- TODAY-Pil- l' TO 6 P.M. - 9 , I |