Fall Business Upturn
Still Drags Its Feet
NEW YORK (AP)-The fall
business upturn still drags its
feet. Many who had counted upon
Labor Day's passage to work its
usual magic are growing restive.
The stock market, which has
been watching and waiting, is
Retting fidgety. It has painful
memories of other years when the
seasonal fall upswing didn't come.
And September is at the midpoint
with the official start of autumn
scarcely more than a week away.
Some hope that with the pass
ing of both Donna and the Penn
sylvania Railroad strike the
Northeast industrial centers will
pick up activity.
But from the steel mills comes
word that new orders are still too
slow to point to much, if any, in
crease in output this month, and
probably to only a faint one in
October.
The banks have been granted
more available funds to lend and
have cut their basic interest
charge. But business hasn't re
sponded with any flurry of bor
rowing. AH the more disconcert
ing, while American business
seems stalemated, Western Euro
pean industries are booming.
More funds are available here
for mortgages and in some areas
the terms are easier. But the
home building industry, facing its
usual seasonal downturn for
weather reasons, is also beginning
to write off any pickup for some
months to come because of high
prices and too few shoppers for
new nomes.
The auto industry is busv turn
Ing out new models for presenta
tion over trie next lew weeks. .But,
however good their reception may
turn out, dealers still aren't out
from under the big stock of un
sold 1960 models.
Auto companies are ordering
steel for their new models. But
the compact cars take less than
the large ones. And the steel mills
although thankful that auto orders
are giving steel production its
principal lift at the moment, are
still suffering from the drop in
total amount of steel the auto in
dustry will need.
Steel output dropped below 50
per cent of capacity both in the
Fourth of July and in the Labor
Day weeks. But its expected re
bound this -eek turns out to be
scarcely more than a mild
bounce, up to 52.7 per cent of
capacity.
Back in midsummer the steel
industry had looked for much
more than that by mid-September.
Steel output has yet to show
anything like a normal seasonal
recovery from summer dullness.
A few weeks back steelmen
thought the output slowdown was
due to a correction in inventories
that is, the steel users had built
up stocks too fast at the start of
the year and were holding up or
ders until inventories were back
to normal.
But Iron Age, a metal working
weekly, says that period is passed
and while cutbacks in inventories
were the most significant factor
during the summer, actual con
sumption of steel hasn't snapped
back as it should.
It says that as a result, Octo
ber may have to be written off
as the recovery month.
Boeing Planning
Tests On Balloons
SEATTLE (AP) Several giant
balloons, which will be visible on
clear days through the Pacific
iwtnwest and western Canada,
will be launched here by the Boe
ing Airplane Co, within the next
fortnight.
Boeing said Monday the un
manned balloons will be equipped
with instruments to provide infor
mation on cosmic radiation in the
earth's upper atmosphere.
The plastic bags, 60 feet in di
ameter at sea level, will expand
to many times that size at alti
tudes of about 100,000 feet where
tne gamma ray research will be
carried on. Helium gas' will lift
the balloons.
Boeing said the upper-air stud
ies will be carried on in connec
tion with its various space pro
grams.
4 . .".. v-. - '
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TODAY!
FULL NAME
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EMPLOYED BY
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WIFE'S NAME
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Fine Talent Marks This Year's PIE
PORTLAND A combination of
the finest taliiit and the nuisl com-1
pli'te stock events in a decade will
make this year's Pacific Interna
tional Livestock Exposition a
sparkling celebration of its 50th
anniversary here Oct. 8 15.
After several years of smaller
shows, and a complete shutdown
for the Oregon Centennial, the Pa
cific International has been com
pletely reorganized from manage
ment to animal classes. This will
he the biggest and first complete
P I show in almost 10 years.
Riding into the arena to headline
the combined horse show-rodeo
will be Dale Robertson. TV's Jim
Hardie in 'Tales of Wells Fargo."
The handsome southpaw gun ex
pert will ride and sing at all 11
shows.
Christensen Brothers nationally
rated rodeo will supply 350 head
of stock, much of it from ranges
of Texas and old Mexico. There
will be new bucking horses, fresh
bulldogging steers and new calves
for roping.
The horse show has been fully
re-programmed under a complete
new staff. Emphasis will be placed
on horses of the region, with hunt-
Wed., Sepf. 14, 1960 Th News-Review, Roseburg, Ore. 7
ers and jumpers boosted, more op
portunities in the western division,
and special quarterhorse events. !
More than $61,000 in premiums j
help make this one of the nation's
most alluring shows for livestock i
exhibitors. There will be $23,142.25;
for beef cattle, $10,089.00 for dairy !
cattle and lesser but attractive
money for swine, sheep, goats and i
wool. I
japan Volcano Erupts i
TOKYO (AP)-Mt. Mihara, onel
of Japan's most active "suicide"
vulcanos, erupted twice today,
sending smoke 1,000 feet into the
air. The 2,-177 foot peak, 71 miles
south of Tokyo is a famous tour
ist attraction. Each vcar some
visitors hurl themselves into the
crater.
PATRONIZE NEWS-REVIEW
ADVERTISERS
"THOROUGH CLEAN"
WALL TO WALL
RUG CLEANING SERVICE
"Town or Country"
Coll J. E. NEWBERRY, OR 3-7010
or oiler 6 P.M.., OR 3-3591
"Your Electrolux Man"
COUNTING HOUSE School Superintendent Alfred Anger
meyer uses his "witch's house" to teach children to count
in Neustadt-Aisch, West Germany. The youngsters learn
their numbers by stringing colored tiles on rows of hooks
and putting them on the roof of the house while Anger
meyer tells them a story about the witch.
FALSE TEETH
That Loosen
Need Not Embarrass
Many wearers of false teeth have
utTered real embarrassment because
their plate dropped, slipped or wob
bled at Just the wrotiK time. Do not
live in fear of this happening to you.
Just sprinkle a little FASTKEI H. the
alkiillne uion-ncld) powder, on your
plates. Hold false teeth more firmly
so they feel more comfortable. i)oe
nt sour. Checks "plate odor" den
tnro breath). Uet FtSTEKTH at auy
drug counter.
ROBERTSON SCHOOL OF BUSINESS
ANNOUNCES
FALL TERM
Starting Monday, Sept. 26
Pre-Term Registration Going On Now
Office Hours Mon. through Fri. 8:30 AM to 4:30 PM
Specdwriting Shorthand Dictaphone
Gregg Shorthand
Typewriting
Accounting
Law
Business Machines
English
Spelling
Business Math
ROBERTSON SCHOOL OF BUSINESS
619 S. E. Cass Avenue
CRchard 3-7256
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