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Show Page Two THE SALT LAKE TIMES FRIDAY, AUGUST 27, 1971 DIPLOMATIC POUCH Mountain Fuel Supply NSB Lauds President Six Months Earning On Economic Policy Here again the true picture of American business has been ignored. More than 98 per cent, 16 million, of all business units in this country are small. Without his action there can be no end to the price spiral. To illustrate this, consider the proposed changes in minimum wage which has been selected as the major priority of the AFL-CIHere is the effect on consumer price. In a recent edition of American Labor estimates were made that the costs of distribution account for about 60 percent of retail food costs. In the article on Agriculture and the Worker a statement was made that farmers received an average of 39c of the dollar spent by consumers for food in 1968, lc more than in 1967. Proposals to increase minimum wages for agricultural employees from the present average of $1.30 per hour to $1.50 in 1971 and eventually to $2.00 in 1974, would amount theoretically to a 15 per cent increase in farm wages in the first year and would be reflected as a 24 per cent increase in food prices. You would have a built in escalator until 1974 when food prices would be increased by a total of 86 percent of todays prices. Food costs constitute 22 per cent of the CPI!; therefore the increases from 15 to 86 per cent would be reflected in the Index as 5.28 increase in food costs the first year and by 1974 a total of 19 per cent increase in the Index for food. The National Small Business Mountain Fuel Supply Co. and of small The following letters were re- cording to some reports, the use subsidiaries sent their sharehold- Association, the voice ers an interim financial report business firms in America, which cently answered by the Depart- of opium in tribal areas, where this week that summarized earn- number of excess of 16 million, ment of State: its use was already established, Is opium exported by the Peo- continued to be permitted for ings for the first six months of have commended the Presidenta the year, recent dividends de- for his action in establishing ples Republic of China, and if several years afterwards. It is clared, rate increases that have New Economic Policy. so, what is the extent of this presumed that in the 20 years been applied for, and matters NSBs executive committee, trade? that have passed since the conto and relating utility nonutility W.M. trols were imposed that the only acting for its board of trustees, adopted a resolution pointing out Bedford, N. Y. opium produced in China is used operations. Consolidated earnings of the that in view of the inflation-re-cessio- n for medicinal purposes and is Dear W.M.: crisis, there is a compelStatistics on opium production grown under government con- Company and subsidiaries for 1971 of six for all Americans, inneed the first months were ling or on the production of other trol. $6,188,346 or $2.44 a share com- cluding small business and parcommodities are not published of $5,159,-12- 8 ticularly union leaders, to carry by the Chinese government in What is the difference be- paredor with earnings a share for the same out their patriotic duties as good $2.03 Peking, and we know of no other tween a regular passport and a 12 of 1970. For the month citizens and extend on a period possible source for statistics on diplomatic passport? ended June 30, earnings were basis their complete coopthis subject. Recently, however, R.S.S. or a to implement the New eration $3.22 $8,441,362, share, the Department of State in conAnnandale, Va. of with Economic Policy: earnings compared junction with the Bureau of Dear R.S.S.: or a share the for $2.97 John Lewis, NSBs executive Narcotics and Dangerous Drugs Diplomatic passports are just 12 months ended June 30. vice president, said in part: and other concerned Washington a means which some countries All earnings have been reIt is fortunate that the impact agencies has made an extensive use to distinguish between the Into stated include of of Nixons New EcoPresident of the and heroin classes of official travelers. Since earnings study opium Mounterstate Brick which nomic Co., trade in Southeast Asia. Because diplomatic passports are not isPolicy will benefit parallegations have been noted from sued by all states and do not con- tain Fuels subsidiary, Entrada ticularly the consumer. To actime to time that the Peoples fer any privileges, immunities or Industries, acquired April 21. complish this, his policy imposes M. M. Fidlar, company presi- reasonable restraints on the busiRepublic of China is actively in- status, there are no ntemational atvolved in this trade, special criteria for issuance of such pass dent, said the earnings increase ness community and labor so tention was given to examining ports. is attributable to the continued that the power held by union this aspect of the problem. We issue diplomatic passports growth of the company, steady leaders affecting prices paid by Our study revealed that there to a Foreign Service Officer, a natural gas sales and improved the consumer cannot be misused. is no reliable evidence that the person in the diplomatic service earnings from nonutility oil and There are, however, other Communist Chinese have ever or a person having diplomatic ceramic operations. constituencies, including conilor sanctioned the in status either because of the naengaged Earnings for the 1971 calendar sumer and small business. More licit export of opium or its de- ture of his foreign mission or by year are not expected to be as than 60 per cent of the jobs in rivatives. Moreover, we found reason of the office he holds. high as earnings for the twelve this country are provided by no evidence that the Peoples However, a diplomats status does months ended June 30 because small business. Every contract Republic of China exercises any not depend on the form of his of a decline in industrial gas sale entered into between big busicontrol over or participates in travel document. in July occasioned by the nation ness and unions automatically the Southeast Asian opium trade Do you have an inquiry about wide copper strike and antici- affects the small employer, his although ethnic Chinese figure U.S. foreign policy? Send it to pated increases in operating cost employees and the consumer. A To prevent any possibility of prominently in that trade. For he Diplomatic Pouch, Room particularly in the cost of pur- major reason for todays high pitch leaching to the surface of example, almost all documented 4831, Dept, of State, Washing- chased gas. rate of unemployment is that oatio deck boards on a warm illicit shipments of opium and ton D.C. 20520. On August 10, the companys small business no longer can ab- summer day, specify a morphine into the British Colony wood like western red ceDoard of directors declared quar- sorb the excessive increases in of Hong Kong, which is estiscales. or use kiln dried lumber. dar As water spreads with con- terly dividend of 45 cents per wage mated to have between 60,000 centers on Kiln drying lumber fixes the Further distortion on the common stock, payand 100,000 addicts, originate in struction of the California Water share 1600 the of firms. profits large pitch. 13 to shareholders of able Southeast Asia. Project, a vast new agricultural recordSept. on Aug. 20, and a dividend There is, insofar as we know, country is opening up along the of a share on the preferred $2 no illilit drug problem in Com- west wall of the ancient San payable Oct. 1 to sharemunist China, as that govern- Joaquin Valley. This 150 mile stock, ment for year strictly forbidden area, with some of the most fer-;il- e holders of record on Sept. 10. The report reviewed the prosoil in the world, may well the private production, consumpof the companys applicagress tion and distribution of opium become the greatest food basket for tions industral rate increases or its derivatives. Stringent con- ever known. It will be capable in Wyoming and Utah, both of trols over opium poppy produc- of feeding the entire projected tion and use were adopted in population of the United States which are still pending. The 1950. These controls were ap- on a vegetarian diet that would company is seeking an annual of $1,213,000 in Wyoplied with great vigor in Han satisfy the appetite of a healthy increase and $3,875,000 in Utah in ming (ethnic Chinese) areas, but ac growing boy. order to pay for the higher costs of purchased gas and to increase the companys exploration activities for new gas supplies. Purchasing new gas supplies remains difficult because of the nationwide natural gas shortage but the company has been able TOPSY TUPNY to obtain an additional 12,650,-00- 0 The world's record for walking IS OWNED BY JOHANN Consider the Jim cubic feet of gas a day which HUSL1NGER WHO COVERED 871 MILES Beam half gallon: IN 55 DAILY-1HOUR STINTS. HE will be available on or about AVERAGED 1.76 MILES PER HOUR (1) The Worlds Finest Nov. 1, the repot said. Bourbon Since 1795 costs less per drink. TAKE STOCK IN AMBRGAI (2) Theres a handle HOW? BN INVESTING on it. Easy to cany, REGULARLY IN n a SAVINGS BONPSs easy to pour. WOU DON'T REAUV MISS (3) Theres less chance VIE MONEY THAT WAY,ANP of running out; less before you need to run out for more. A sensible way to enjoy the Bourbon 45 that has been a family art since 1795. O. an $7,-553,4- 10 non-resi-io- us cask carry ON-HAN- Dial 93.3 mmim 0 Wmonwh?sGHT jcMSfiteBlia TAKE A GIANT STEP! Where Thousands ""itimji),! Tftl E OSTRICH COVERS IN 25 FEET STRIPE ONE enjoy listening to toe-tappi- ng music in stereo every day! ByPThe jS? B Bcam l?a?Srb Whiskcir Distilled And Bottled Co., Clermont, Beam, Kentucky . |