baiem, oregon, ihursiiay, December 13. 1956
'xao CAPiTAL JOuKiNAL"
Secbibn I Ijage &l
Steel Merger
Proceeds Over
U.S. Objection
Dlhlchrni-YoiinjistoH n
Stock Exchange Deal
. Agreed Upon
NEW YOI1K (fl Two of the
I'mtcd States' largest steel com
panies plan to nierse despite no
t'ee by the Justice Department
tiiat it will move promptly to
block the consolidation.
The Bethlehem Steel Corp., sec
ond in the industry behind V. S.
Steel, and the Youngstown Sheet
and Tube Co., sixth largest, an
nounced yesterday an agreement
under which Bethlehem would ac
quire Youngstown in exchange for
Bethlehem common stock.
In Washington, Atty. Gen. Her
bert Browne!! immediately said
the Justice Department will take
prompt action in the federal
courts seeking to bar the proposed
merscr.
Bethlehem Chairman Eugene C.
Grace and J. L. Mauthe, chair
man of Youngstown, announced
the Justice Department had for
mally advised them "it intends to
sue to enjoin the proposed acquisi
tion on the grounds that it would
violate the antitrust laws."
The proposed merger would not
affect t!. S. Steel's position as
largest in the industry.
It would be one of the biggest in
history, creatine a company with
assets around 2'? billion dollars.
The Justice Department for more,
than two years has opposed the
proposal on the grounds (hat it
would tend to lessen competition.
Grace and Mauthe said agree
ment on final terms of the acquisi
tion were not "feasible at thii
time." The number of Bethlehem
shares to be exchanged for
Youngstown is one of these final
terms still to be decided. 1
The comhined rated annual ca
pacity of Bethlehem and Youngs
town is 25,750.000 tons, compared
with U. S, Steel's 39,215,000-ton
a.
capacity.
Trusty Skips,
Wrecks Auto
KLAMATH FALLS W-A Klam
ath County jail trusty who wanted
to be home for Christmas was
held in Bend Thursday after he
wrecked a stolen automobile on
Highway 58,- 95 miles north of
Klamath Falls.
The escapee, Gary Lawrence
McKercher, 27, who was serving
six months here for attempted
larceny, disappeared Tuesday aft
ernoon from the county law li
brary In the courthouse where he
was working.
Sheriff Murray Britton said he
posed as a. prospective buyer at
an automobile agency. He told, a
salesman he wanted to drive a
1954 sedan around the block to I
test it.
A few hours later he was pulled
out of the wrecked sedan by state
police. He said he was planning!
to spend Christmas with his wife f:
In Portland. 1
McKercher will be returned here t
to face charges of auto theft and
escape.
ForgotHcIIid
Set of Dishes
On Car Motor
DETROIT W-It came to Gordon
Parrington like a flash. That's
where he had hidden the set of
dishes he was giving his wife for
Christmas under the hood of
his car.
That too was where Canadian
customs officials gathered to
watch the fire, after the card
hoard box containing the dishes
had begun to burn.
Parrington, 45, of suburban De
troit said he put the dishes there
so his wife wouldn't find them. He
said he had forgotten about them
as he drove yesterday a cross the
Ambassador Bridge to Windsor.
Ont., on"lhe Canadian shore of the
Detroit Biver.
After the blaze was put out.
Parrington had to pay customs
penalties for not declaring the
dishes. The penalties, said cus
toms men. were "just enough to
ruin his Christmas."
DESERT SAND NOT SUITABLE
BORREGO SPRINGS, Calif.1
fUP Officials gf the De Anza
Country Club, building a new
golf course in this Southern Cali
fornia desert region, discovered an
unexpected problem. Thev
couldn't find any sand suitable for
the sandtraps.
TAIXMA.VS CHRISTMAS
PIANO SALE
All Pianos Reduced In Price!
ffrii'iin T"
New Spinels $389 np
All MkM. Stvln, Lirftst
Stock In .. W.!
EZ Terms Pyts. Bfin Ffb
Open Every Evening
TALLMAN
ptAWO STORE
395 8. 12th. Nur S. P.uIVpot
cotton quilted
brunch
coat
Pretty and practical gift
for every lady. Dainty
print with red, blue or
yellow trim. New high
hack detail, barrel but
ton front trim.
Robes, 2nd
reg. 3.98-5.001 3 collar styles
men's dress sbirts
s2
69
SI
for
Wonderful selection of white and fancy dress
shirts in broadcloth, Pima and oxford. French
i: or button cuffs. 14-16)5. Buy for gifts.
Aen's jjio, Jit
en
real gift buy! reg. 12.50 set
Giro gift box
$1
set of 5
Five famous fragrances to delight every lady.
Danger, Reflexions, Ricochet, Surrender, New
.Horizons in one lovely gift box.
Cosmetics. 1st
a buy for holiday hearths!
portable fire screen
S1995 fl,3S0
Sae no ! Solid brass ornamental fender panel.
Polished brass frame. Closely woven, heavy
gauge brass finish curtain. Simpull curtain pulls.
Furniurt, dou nstairi
P
TTTYTT3
I I
M)
' I J
saye ss vou
.
Vantfaate,
gift-perfect! give double wear
Van Raaltc doubles
sl35pr.
Outwear nylons of comparable shcerncss 2 to 1!
New technique Rives perfect fit, controlled
stretchability. Proportioned lengths. 3 pr. 3.90.
Hosiery, 1st
wonderful gift for dad
all leather operas
$297
Tops in comfort and unusually long-wearing.
Supple genuine leather, hard composition sole.
Brown or wine. 63i to 12. Real value at this price.
Hen's Shoes, 1st
ri
rayon and cotton! four sizes
damask gift sets
$395 - 81095
Lovely poppy pattern. 52x52, 4 napkins, 3.95;
52x70, 6 napkins, 5.95; 64x84, 8 napkins, 7.95;
64x102, 12 napkins, 10.95.
Linens, 2nd
best in comfort and safety, give
GE automatic blanket
, twin mo
The finest in luxurious sleeping comfort. mn
wearing, easv washing Chatham blanket with
safety-pins GE control. 7 colors. Double, 34.95;
dual control, 44.95.
Bedding, 2nd
1'
Christmas shop with M green stamps
mmmM lJ1J1
WfS
a thrilling gift she'll treasure
Lady Sunbeam razor
1495
Perfect for legs and underarms. Dainty in de
sign and color. Easy to use. Guaranteed per
formance. A very special gift long enjoyed.
Stationery, 1st
holiday attire for baby
dacron infant dresses
$98
100 dacron, this dainty pastel dress is cute
as can be, jet washable. Attached nylon petti
coat. Hand smocked joke with lace and em
broidery. 6 to 18 months.
Infants' Wear, 2nd
bedroom beauties! lovely gifts
taffeta bedspreads
129S
Smartly stj'led with quilted tops and band of
quilting on dust ruffle. Assorted colors. Twin
or full size.
Draperies, 2nd
towel and wash cloth ensembles
Cannon gift sets
198 to 5
98
Choose from a lovely array of decorative and
novelty patterns in lovely boxed sets ... in
cluding sets for children. Welcome as gifts.
Linens, 2nd
DBuTSfS
dainty Schrank
flannel
sleep wear
$3 98
Toasty warm for long
winter nights. Gowns
and pajamas in lovely
pastels w i t h rosebud
trim. Sizes 32-10.
Lingerie, 1st
TSKttXBmmmaieMmiaMwm
as festive as the season! Girls'
jeweled sweaters
498 and 598
Slipons and cardigans in pink or white orlon
trimmed in rhinestoncs, pearls or embroidery.
7-14. Sub-teen sizes 8-14 in white only.
Cirti Wear, 2nd
for gifts or your own home
gay sofa pillows
1 to 5
Choose from colorful velvets, prints, antique sat
ins in a wide array of shapes and sizes. Colors
to fit every room scheme.
Draperies, 2nd
emwiiJtLatiaaiisHimii
a joy for all boys! large size
Ilex 90 wagon
698
Fun favorite to find under the tree. Sturdy, all
steel red wagon with large rubber tires. Large
size for boys of all ages.
Toys, doicnstalrs
a. rg-TWSS,
V : 1 , .f
kROlUllS BROS. STOR
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