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Salina Journal, The (Newspaper) - September 24, 1972, Salina, Kansas
Us wheat Export props Are pulled related Story or 2 apparently deferring to pressure from critics of the program and recognizing the current status of the wide open International Grain Market the us department of agriculture announced late Friday the elimination of the wheat Export subsidy in a on paragraph statement explaining the move the us a said in View of the existing Export situation the Strong demand for wheat and supplies the department of agriculture decided to Day that it would set the Export payment rate at Zero the payment program had come under mounting criticism in recent weeks from persons who contended the subsidy was unnecessary and unjustifiable the subsidy was originally designed to compensate exporters for Selling wheat at International rates generally several cents lower than Domestic wheat prices the pay ment would make up the difference Between what Grain dealers ordinarily receive on wheat sold domestically and the going Price on Export markets for the past 2 years the us a has been trying to maintain a world Price of to by paying an Export subsidy based on that Price but in the Wake of the recent wheat Sale to Russia the Export Price has spiralled to while the subsidy has dropped from 47 cents to Only 14 cents a Bushel As inter National wheat prices edged closer and closer to regular Domestic Levels with elimination of the subsidy asking Price of wheat on the Export markets will be the same As that for Domestic wheat at least a Bushel the question i whether foreign will pay that much for us wheat in other will wheat sold inter nationally now bring the full Domestic Price or will Domestic prices drop to the old inter National Price level of about trainmen and Farmers have been thrown into a quandary and both interests seem to agree its just too Early to Tell saturday morning a Salina trainman commented weve been sitting Karoumi Here All morn ing just talking about it personally i doubt if this is going to lower Domestic wheat prices but right now you can get just about any kind of opinion you want around Here whether the rest of the world will meet us Grain prices or Domestic prices will continued to Page 2 exporters ask big tax break on soviet soles c new York times Washington Grain exporters Are pressing the Treasury department for a ruling that would free them of fed eral taxes on half of the profits made from the Sale of wheat to the soviet Union according to informed tax attorneys Here the exporters Are getting support from the department of agriculture and key Mem Bers of the House ways and Means and the Senate finance committees and judging by a speech made last wednesday by a Treasury official to the world Trade Institute in new York the Treasury is leaning toward making the ruling desired by Grain exporters if the Treasury should Grant the request of the exporters it is impossible to say with accuracy according to tax lawyers Here what the tax saving or Revenue loss would be because the Export companies will not Dis close their profits but the amount is Likely to be in the millions it is estimated because the soviet Union has purchased 400 million bushels of wheat the soviet Union paid about a Bushel for the wheat some of it the exporting companies will not say How much was purchased in july at about to a Bushel in addition exporters got a Federal subsidy representing the difference be tween the Domestic Price and the lower world Price ranging from 14 cents to 47 cents a Bushel Between july and sept 22 when the department of agriculture Sud Denly eliminated this subsidy if the Treasury rules favourably for the exporters they would also pay no taxes on half the profits they made on wheat sales to other countries what the exporters seek is to be allowed to take advantage of a provision in the tax Bill passed last december this provision pro posed by the Treasury had a twofold objective first to stimulate United states exports and second to offer inducements to Ameri can companies not to set up foreign subsidiaries in order to take advantage of provi Sions in the code that permit these subsidiaries to defer payment of us takes on their profits until the profits Are returned to the us the provision in last years statute allowed a us company to set up a disc Domestic International sales corporation to handle its receipts from exports taxes on half the profits from a disc would be deferred As Long As its earnings were used in the Parent company Export business or remained in the us As producers Loans to related or unrelated us producers in effect the deferral of taxes on the 50 continued to Page 2 dear Sal its called having your wheat cakes and eating them an extra helping of syrup yours Ina film Star hit with lawsuit Ryan Oneal is no love sfory1 for prominent Hoys attorney by Lon Pishny Hays daily news Hays a prominent Hays attorney has filed a massive civil suit totalling almost million against movie Star Ryan Oneal and others concerned with filming of the movie paper Moon Gregory j Herrman the attorney filed the suit late Friday at Ellis county District court he named Oneal Paramount studios inc and directors company inc As defendants in the Case Herrman recently rented his House to the defendants As a residence for Oneal during the 2month filming of paper Moon in the Hays area in his petition against the defendants her Man asks for in punitive and exemplary damages plus weekly rent from sept 18 to nov 18 plus 8 percent inter est according to Herrman the suit stems from the fact that after spending Only one night in the House Oneal moved out sept 19 and took up residence at a local ramada inn in the petition Herrman notes that directors company is a corporation which is either a subsidiary of Paramount or is a Sepa rate corporation engaged in certain Mutual business activities with Paramount Herrman claims in the petition that during the first 2 weeks of september he carried on negotiations to rent the House with Neal can ton an agent for the defendants after negotiations Herrman said an Oral agreement was made to rent and lease the House for 2 months at a weekly rental of Herrman said he and his family then moved from the House for the duration of the defendants stay in Hays in order to conform to the specifications demands and agreement made Between the plaintiff and defendants the plaintiff engaged in considerable remodelling and clean ing of his residence Herrman said included in the expenses to fix the House for oneals use according to the petition Are of a maid to clean and Cook for Oneal for a new Shower and other materials replacing pipes and working on the Furnace and boiler to meet standards required by the defendants painting furnishing a sewing costly Blaze three Homes were destroyed and 2 others heavily damaged after Brief but fierce grass fire swept up a Hill at Highland Park Calif seventeen fire companies and 2 water dropping helicopters fought fire for an hour up photo room As a bedroom after the defendants re Quested 5 bedrooms instead of the 4 the plaintiff had of the Homes stereo and Tele vision set at the request of defendant Oneal through his agent of new linens towels and other materials to Stock and furnish the bed rooms according to the defendants Stan Dards he mans Home is a 3story Frame Struc Ture in one of Hayes older residential areas Oneal would not comment on the lawsuit nor say Why he moved out of the Home Herrman said in the petition he had difficulties with persons calling and requesting appointments with the film Star Herrman said he was not told about oneals move until the night of sept 20 filming of the picture still is scheduled to begin monday highlights local firemen hear Call for togetherness pm 18 Parade will kick off Salinas United fund Campaign pm 18 state Ryan Oneal is target of big Hays lawsuit pm 1 old settlers Day is celebrated at Smith Center pm 18 and Pio Tique is observed at Clay Center pm 2 nation wheat Export subsidies Are dropped and exporters ask for tax break pm 1 baby ends first year of life in a Plas tic Bubble pm 7 world Hanoi still hangs on to 3 freed us fliers pm 1 reds claim a Nixon Victory will mean 4 More years of War pm 2 inside features area news29 local18 26 comics39 markets6 courts7 opinion4 Cross puzzle5 pop scene31 deaths7 sports913 or thostcson20 tvfilms30 Grain Trade if wantads3339 hospitals7 weather7 jennodlxon3 women2125 20 cents sunday edition i 101st year no 268 Salina Kansas sunday september 24 1972 84 pages its Good its bad the abundant rainfall has been Good for Salina area Cottonwood Trees grass and mosquitoes but bad for Farmers who want to Plant wheat journal photo by Fritz Mendell Are freed fliers becoming pawns in Hanoi political chess game by the associated press stateside relatives of three american pilots released from North vietnamese Pris on Camps reacted to a delay in their return saturday with disappointment and resent most of it directed at Hanoi but some at Washington the three men were not aboard a flight from Hanoi to Vientiane Laos As had been expected and american Antiwar activists who obtained the release of the men issued a statement that the delay was apparently caused by fear that the re leased prisoners would be taken into custody by american military authorities Gerald Gartley 68 of Greenville Maine and father of Navy it Markham Gartley blamed the delay on interference by the us government and said the Nixon administration should keep its nose out of this affair mrs Barney Elias Mother of air Force maj Edward Elias said she and her Hus band Are very upset Over the apparent imposition by Hanoi of conditions for the release of the men including a guarantee that they would do nothing to further the american War Effort in Indochina in Tampa Fla Herbert Charles 65 and his wife had packed their suitcases in anticipation of a trip to new York to Greet their son Navy it Norris Charles a phone Call from the Navy saturday morn ing told them of the delay us ambassador g Mcmurtie Godley and other officials were on hand at the Vientiane Airport saturday to Greet a Kus Sian Aeroflot Airliner from Hanoi it want until the plane landed that Godley Learned the american pilots were not on Board in Washington Secretary of defense Melvin r Laird said Friday i certainly would recommend that these men turn themselves Over As soon As possible to their military command previously released prisoners were quickly placed under military supervision prompting protests from Hanoi radio Hanoi on Friday charged that us military officials were lying in wait at Vientiane Airport in the Hope of taking Possession of the three released pilots and returning them to us military control the broadcast stated that in order to avoid jeopardizing future prisoner re leases the men should be allowed to Fly on civilian aircraft Given a 30day leave Given a Complete medical examination at the Hospital of their Choice and to do nothing to further the american War Effort in Indochina it was a Hai Curling experience it was hardly a hair raising experience for mrs Alberta Holt but it certainly was a Hai Curling one mrs Holl who operates the Hollywood Beauty shop in the United building says that Friday afternoon u Young Man came in and said he wanted to get his hair curled he was a Nice looking Young says mrs Holl about 6 feet 4 inches tall with shoulder length hair with just a Little natural curl he said he wanted to find out How hed look with really curly hair he said he wanted to have Small curls so i decided id do for fun so i put maybe a couple of dozen curlers in his hair then he said he had to go to the Bath room so he went Down the Hall after a few minutes i suddenly got the notion that was the last id Ever see of him and i was right he never came Back he just vanished with All those curlers of if youve Ever bought curlers you know they Arent exactly cheap is if you see a curl haired Young Man who May be wearing a Kansas state University sweatshirt notify mrs Holt she Doest want him Back but shed sure like to have her curlers Back presumably the lad plans to curl his own hair from now on since he has the free equipment he makes most of a lunch hour new Orleans a a convict made the most of his lunch hours Durer of a rehabilitative work release program robbing is finance companies and using Cit owned vehicle to make his police said
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