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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 31, 1958)
O o o o oo 4 0 o o a, o O O o OVHound of Price Increases Works for Steel Industry Nev Tech (UPI) A new J'ha ric increases is in nhe works in th steal indus try, th smallest in recent yrs. G Four major sjeel cempwies Republic Steel Corp., Jones & Laughliifc Steel Corp., Na tional Steel Corp. and Armco Steg Co?p. hve ennounced hikes ofebout $4.50 a ton to an average price of about $150 a tgn. The increase touched off swift reaction in Washington xhere th tdministration let u beJlnwn the steel industry Gr'h & impeding recovery from a one-year recession. "Congressional leaders call ed for corrective action by in dustry. labor and government to stabilize the economy. Iron Age, an authoritative steel trade magazine, predict ed that by the end of the week all steel prices except those for tin plate that goes into cans will have been raised. Cite Higher Cost The new round marked the first time in recent years that U.S. Steel Corp., which pro duces nearly one out of every three tons of steel in the na- mgress Grumbles Over Increase in Prices for Steel VacKinf ton (ITS Con ftfeWfmmftled with dissatis- T3-i'm. taaay over the new &9 eund of steel price in creases. And the administra tion let ft b Jcnown the steel a?, infliwty rrrteht be impeding r8c9vy rgtn the current re- q ?vw ihit four steel com (fifties htv upped tne price 4 thei product about $4.50 (, tM ct uaed connern in the feKil President Eisen- htd hoped industry giff Jtir vould tvoid moves li&efr sjni up the Cost of automobiltg f nd consumer ap pliances. From Congress came de n mands Jot quick corrective action. Members feared the recovering economy might stumble oesr more costly steel and many " consumer items made from steel. One economist said higher auto prices this fall could re sult from the stel raises. He said the 'extra cost of steel going ito the average car would run roughly about $10 per vehicle but that manufac turers might ?18 "a markup on a markup." Sen. Styles Bridges (N.H.), chairman of the Senate Re publican Policy committee, called for "concerted action by industry, laor and govern ment to stabilize the econ omy." Xe told United Press International the price hike was "regrettable" because "inflation is the worst dom estic threat we have in this nation." ' - - Bridges disclosed he is con sldering a last-ditch effort to trim all government spending in the new fiscal year that began July 1 by seeking pas sage of legislation t,o cut fed erai expenditures by per cent. - Sen. Homer E. Capehart (R- Ind.), top Republican on the Senate Banking Committee which handles inflation - con trol legislation, urged the President to call steel man agement and labor to the White House for a showdown if they do not stabilize prices on their own. Heretofore, the Chief Ex ecutive has turned down re peated suggestions that he move into the steel picture as a top-level arbitrator. Wait on U. S. Sleel Capehart called the steel industry increase "unfortun ate." .Ewan Clague, commis sioner of labor statistics, said the. cost of farm tractors prob ably would go up but that he expected no reaction in the near future on prices of food produced with the tractors. He saw no other immediate effect on living costs. One top administration of ficial withheld any forecast until he saw what the United States Steel Corp. did. Hope persisted in some administra tion quarters that because U. S. Steel had a good profit dur ing April, May and June just under 10 per cent the mammoth producer might continue its wait-and-see pol icy toward higher prices. , fry and Stop Me y BENNETT CERF JONATHAN, age 7, already had a younger brother and an even younger sister, so when his parents revealed that still another addition to the family was on the way, Jonathan understandably wary. tion, has not been the price leader. "Big Steel" said it was "still studying" the situation. The companies said a $4.50 per ton boost was designed to offset higher wage costs that have taken effect since the last general increase in steel prices of $6 a ton on July 1 1957. - However, they emphasized the increase would enable them to recover less than 50 per cent of the higher wage costs. They said they must absorb the balance. The increase originally had been expected July 1 when steelworkers were given an additional 20 cents an hour under a three-year union con tract. Another six cents an hour has been given in cost of living benefits since the last price boost. Smaller Than Expected However, U.S. Steel, to which the other companies looked for the initiative. issued a statement saying it would not change prices until all "economic and commercial factors clarified themselves Steel industry experts noted the $4.50 a ton boost was about $1 smaller than had been expected and far smaller both dollarwise and in terms of percentage than increases in recent years Among the reasons for this were government pressure to hold the price line and custo mer opposition to anything more than a nominal increase under current, competitive conditions. Iron '. Age speculates the companies also may be think ing of steel labor negotiations in 1959 when present con tracts expire. A less-than- needed increase now could be used as an argument against another steel wage boost next year. - Too Much Western Music. Reds Claim Berlin IUPD Five East German musicians fled to the West because they ran afoul of a Communist decree ra tioning Western music, it was reported today. The "Information Bureau West," a private West Berlin intelligence organization, said the muscians came to West Berlin because the Commun ists revoked their musicians' licenses when they played too much Western jazz. The Reds require that pop ular music programs consist of at least 60 per cent East ern music. 'Which would you prefer," twitted his father, "another brother or another sister?" "Everything else being equal," decided Jonathan, "and if it won't put Ma out too much, Td rather have a pony." Ernest Blertjis made this tern New" Tear's resolution: "Be more 'patient with my son, Tom. No matter how irritat ing he is, I must remember he is "16, and going- through a inGst exasperating period of adolescence." By accident, Mr. Hevms then came across Ms son Tom's set of new resolutions. Topping- them, and underlined, was "Try to be more patient with Pad: . A complaint has been made by toners at the TJ. S. Mart. They want to make less money. O 1358. by Bemnett Cert Dfrtrlbuted by Xing restores Syndicate. NO NIGHT SWIMMING Sakai, Japan (UPB The Women's Federation today protested the illumination of Hamadera Beach for night swimming on the grounds "it is not good for public morals to see persons strolling on the beach in their bathing suits at night." Builders Supply S3 Buy At 7 V QUALITY BLOCKS Bricks, Flues. Drain Tils 727 W. MeAndr.wi Ph. SF 2-4107 G 1 0Q THI 43&EATEST GUY m rut WORLD... TAXI YOUR FAMILY OUT TO DINE 4 You'll enjoy Eating out mora On North Riverside! HEMRVS BROILER , 1206 North Riverside Complete Dinner Service in the Crater Room Eefreshments in the Birch Room Open 7 A.M. till Midnight Every Day IREAKFAST - LUNCH - DINNERS Edith & Henry's Drive-lii 1132 North Riverside Ave. Open 2 P.M. Till 12 Midnight Closed Tuesdays Car Service Booths Counter Complete Fountain Service CNICKEN IN THE BASKET - SHRIMP IN THE BASKET PISH 'N CHIPS - TASTY SANDWICHES - Featuring Again the Famous HENRY'S BIG BOY ' MAIL TRIBUNE, M.dford, Oregon, Thuriday, July SI, 19SS 11 r? I r w V il it f-t NATION-WIDE VALUE MONTH Best time to buy Is when. you find the best buys... and Wards is bursting wide open with the biggest "best buys" in town! NEW AIR CONDITIONING Shop in Cool Comforl! y x i. ,i . . jit 1 4v . : 2-DAYS ONLY! 11! BUY NOW AND SAVE King-size tray and stand 1.66 . , Regular 3.95 Big metal tray has JJ scene in 6 colon. IDIAL OIFT Electric massage pillow 4.88 Vibrating action soothes tension, eases soreness. Washable corduroy cover. . .4 R1. 5.99 3.99 Barkcloth throw 2.99 Washable! For chair, table, etc Assorted Drints. solids.' Sofa throw.... 4.44 071 SALE! 2 Arm Sprinkler "Whirl-Wind" action. Covers 40-ft. circle. Chrome plated for long wear. SALE! Hi-Fi and Radios Reg. 179.95 Hi-Fi plus AM Radio 149 V-M 4-speed chang er. 3 speakers 50 to 17,000 cps. Mahog any veneer. Blond $10 more. AfTAVC xvcysx&x: x'i.bXm mm wmmm Assemble a bike yourself, i.j j v buy it in the carton and save! , j j ftf '. XX ml ' ' in 1 L4 TlW jfH Coaranleed unbreakable frame $ ' iftJlllfcHl ll LUSw WlWW Safe, sgre-sor coaster brakes W'h ? il lVil ,ookfPr,,bl,te h(nch Hothorni on, 1 lh" VJ. -fCtX " WlI Ym Ul 1 9n,he b,oek lu Bno,ih v thor. o",y 3fb:i 72.95 Portable Hi-Fi Lowest ever! 2 speak- C Aft ers, 4-speed. Sturdy, VllZ colorful case. Compact Portable Radio 14M Sale! Compare at over $20. Unbreakable case. Batteries extra. low-Priced Clock Radio 16M Clock radio luxury at table radio price. Wake to music. Only :';, 1 mm i ) I jMMt- 1 Wards Riverside Deluxe Tires 95 6.70-15 lube type blackwall Riverside Deluxe ; : ; guaranteed 1 5 months against read hazards! Guaranteed against defects! Built with a sfrong super-rayon-cord body for resistance to impact damage. Deep grooved tread design for good anti-skid I AS LITTLE AS $6 DOWN MOUNTS 4! ALLSIZES 7.10-15. .15.95 7.60-15.. 17.75 8.00-1 5.. 20.25 ' ON SALE! Plus excise tax and trade-in tire MOUNTED FREEI Sfl n ? am rnssv Save l Little-or-no-iron babydoil 110. 3.9 1. Cool carefree cotton batiste pajamas for summer comfort! Elastic legs. Prints, solids. S,M,L V " Sale Regular 59c panties 3 for 99c Runproof acetate tricot with lace or embroidery. Elastic legs. Full cut. SALE! Bath Towels Mylar stripe. Big 20x40 in. size.. 2 FOR 08 ld Regular39cyd. I 80"sq" percale i YARD$ j S : .Every yard is first qua!- . -V feSV! 53r ity, vashfast ... ready galore: stripes, checks, ''1 I ot' iuven',e' "ora''- abstracts. For young Vl vear, bedspreads, SALE! I Lurex-striped p a eIoe,y tufted che" ' pj 5 nille with non-skid Ld back, 22x32 Wash- p able Lurex stdys K gCI bright. At same prices '' . & JjJ lid cover, 22 round - j J0 Choose gold, white, W Vgiii Hght green, blue, pink. ?S
