Puts Inflation Jat 3% Annuaiiy
Total Page:16
File Type:pdf, Size:1020Kb
a^Y'V •a •> * cy* - f W — MANCHESTER HERALD. Thuitday. Nov. 21. 1965 M A N C H E S rtR FOCUS SPORTS WEATHER Trade CALDOR Lane project Put some miisic into Whalers finally get 11 More rain tonight; CIRCULAR SALE ready for aj^foval the holiday schedule all-around defenseman 11 some sun Saturday proposal Continues Through Saturday pages ... page 13 page 9 I I ... page 2 unveiled CAIjDOR WASHINGTON (UPI) - Strik ing the middle ground between protectloniam and free trade, a bipartisan group of aenators un veiled their propoaal to expand U.S. export marketa and crack down on trade law vioiatora. More than two dozen aenatora, Hrralb led by Senate trade aubcommlttee Manchester, Conn. — A City of Village Charm Friday, Nov. 22,1985 — Single copy: 254 chairman John Danforth, R-Mo., Wednesday announced their sup . V . port for the lO-point plan, designM to reduce a record U.S. trade deficit expected to bit tlBO billion this year. The bill was scheduled Appeal can’t for Senate hearings early next year. The "Trade Enhancement Act of 1985" is one of the moat compre hensive and ambitious of the more change vote than 300 trade bills introduced this puts inflation session and could serve as the basis for whatever trade legisla tion ultimately emerges. on station "The approach is to rebuild the international trading system," jat 3% annuaiiy Danforth said, by revising U.S. Bv Alex GIrelll trade laws and penalties and by Herald Reporter extending the president’s soon-to- explre authority to enter Into a new By Suzanne Trimcl months later. The state Elections Commission does not have the round of world trade talks under United Press International Donald Ratajcxak, head of the power to overturn the Nov. 5 vote on the town’s the General Agreement on Tariffs economic forecasting project at Geor Buckland firehouse even it if finds there was some and Trade, known as GATT. WASHING’rON — Consumer prices gia State University and one of the problem with the way the referendum was conducted. Danforth conceded "the presi rose a modest 0.3 percent during nation’t leading price analysts, said bia Town Attorney Kevin M. O’Brien said Thursday. most recent survey of November prices dent isn’t going to like everything " October, boosted by upward prices on The authority to overturn the results of the in the bill," but expressed confi food and higher price tags on 1084 cars, at tbe wholesale letol shows more of an referendum, in which residents of the Town of dence that at the end of a the Labor Department said today. upturn in prices, particularly meats. Manchester Fire District voted overwhelmingly to negotiations with the House and The increaae was the highest since He aaid if wholesale prices moved keep tbe firehouse on Tolland Turnpike, is held only by upward for only a month, retailers often the administration, a trade reform ' ' April’s 0.4 percents rise, breaking the courts, O’Brien said. bill will emerge from Congress consumer prices out of a five-month won’t pass on Uw bighar pricea, fearing Ronald Gregory of the Elections Enforcement they will lose customers. "But if we get next year. string of increases of 0.2 percent. Commission this morning confirmed that the h i^ e r prices for two months at the Sp^fically, the bill would ex The department’s food and beverage commission cannot overturn an election. pand the definition of "unfairtrade Index registered a 0.4 percent increase wholesale level, you’ll definitely see an E. Steven Pearl, a resident of the Eighth Utilities practices,” require more investi — the highest since February’s 0.5 increase in the Consumer Price Index,” District, filed a complaint with the commission said Ratajcxak. He said be expects the gations of such practices, and percent rise — although department Friday about the firehouse referendum, in which CPI next month will rise 0.4 percent to mandate retalitory action against analyst Patrick Jackman said the bulk district residents were not allowed to vote. offenders — removing much of the of that Jump was due to a higher federal 0.5 percent. O’Brien said he asked Gregory to consider the president’s existing discretion in excise tax on alcoholic beverages that Entertainment costs, which covers question of whether residents of the Eighth District that area. took effect on Oct. l. Without alcohol, such items as televisions, stereos and were improperly denied the right to vote on the radios, showed a 0.6 percent incline in But it would expand the presi • f F - ; food prides at the grocery store rose mattter. October’s prices, which Ratajcxak said dent’s options for assisting d ^ e s - only 0.2 percent, below September’s 0.3 It was O’Brien who advised town election officials was the one area In the index where the tic industries injured by Imports percent increase, tbe analyst said. that the vote could be restricted to residents of the lowering of tbe dollar was "definitely by authorizing limited antitrust Transportation costa climbed 0.2 town fire district, which includes all of southern ' starting to hit consumers.” exemptions and financial assist .IPSi percent, following declines in every Manchester and some-northern parts of town. Taxes ’The department said the turnaround ance for those companies trying to month since May. The rise reflected from the town fire district were used to build tbe in the transportation index, which had HariM photo by Kirch rebuild their competitive position. higher costs for automobile financing firehouse, which is located in an area where fire Currently, remedies are limited to fallen an average of 2 percent from May charges, insurance costs and the newly protection is provided by the volunteer department of quotas, tariffs and trade adjust to September, included a sharp I.O Toby Moffett, former congressman and a Democratic candidate Introauced 1906 model cars, as auto the independent Eighth District. ment assistance. percent increase in automoMle financ for governor, mefShet on the picket line with a striker at the dealers ended their clearance sales and The powers and duties of the Elections Commission Because one of the causes of the 9 ing charges and the tame Jump in the attractive financing deals on 1965 Pillowtex Corp.'s iRBgent Street plant. About 22 strikers were are set forth in Section 0-7b of the state statutes. One of nation’s trade deficit is a shrinking costs for auto insurance. New cars rose models. those duties is to refer to the state attorney general’s market created by debt-ridden 0.5 percent, following a 0.3 percent there to meet Moffett this morning. H ie increase brought inflation for the office any ruling that election officials erred in third world nations cutting back on Jump in September. first 10 months of the year to 9.8 percent conducting a referendum. their imports, the bill would But o ffe rin g these increases were ob an animal basis. If that rate bolds for Pearl, who lives on Hollister Street, told directors of authorize World Bank and Export- the rtat of the 1965 could have tbe declines in tfle co m of u M cers. the the Eighth District of his complaint at their meeting Import Bank loans to developing Seventh momkly ditip, ‘tocMr fUef and lowest rate of inflation since 1967’s 3 Strikers hail Moffett, Monday. The district declined to Join the appeal. countries that remove trade barri gaaoMaey- wMtft felr~’f Bn. the -fourth percent, Jackman said. Gregory said Tuesday that the complaint would be ers to U.S. products. straight month. ? Last year, consumer inflation rose 6 reviewed by the executive director of the commission And recognizing that the biggest The food index jumped largely m m . peremt for the year. and its general counsel. They will decide whether to contributer to the trade deficit is because of a sharp 3 pOrcent increase in 'U> H ie Consumer Price Index for the but talks stay stalled assign an investigator to it, he said. the strong dollar, the bill commits the price of alcoholic beverages as the month stood at 325,5, meaning goods The Buckland firehouse was built in the 1070s during the United States to coordinating excise tax added |2 to the price of a that cost consumers 9100 in 1967 cost a court battle over who had fire-protection Jurisdic its monetary policy with other gallon of liquor, the department said. Bv John F. Kirch Dallas-based company. |S28.to in October. tion in the Buckland area — the town or the district. leading Industrialist nations. ’The indexea for dairy products, Herald Reporter The major issues in dispute include Economists expect consumer prices The state Supreme Court held that the Eighth District cereal and bakery pipducts, processed wages and benefits and a seniority will rise even more in the coming has the sole right to fight fires in the Buckland area, fruits and vegetables declined. Prices Forfner U.S. Rep. Toby Moffett told • system that would protect workers, months following a 0.9 percent rise in which had been annexed by the district. for meats, poultry, fish and eggs rose ■triking workers outside the Pillowtex UAW officials bave said. The union is wholesale prices for October, fueled by In the Nov. 5 election, residents of the town fire Greenspan: 0.8 percent. Prices for beef and veal Corp. plant in Manchester this morning also concerned about contract language Vri a sharp rise in food costs, especially district voted 5,281 to 2,023 to retain the firehouse. rose for the second straight month — up that he supported them and that the that officials say would allow manage meats.