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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
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m rut WORLD...
TAXI YOUR FAMILY
OUT TO DINE
4
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Eefreshments in the Birch Room
Open 7 A.M. till Midnight Every Day
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Car Service Booths Counter Complete Fountain Service
CNICKEN IN THE BASKET - SHRIMP IN THE BASKET
PISH 'N CHIPS - TASTY SANDWICHES - Featuring
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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"
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72.95 Portable Hi-Fi
Lowest ever! 2 speak- C Aft
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colorful case.
Compact Portable Radio
14M
Sale! Compare at over
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case. Batteries extra.
low-Priced Clock Radio
16M
Clock radio luxury at
table radio price.
Wake to music. Only
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mm i
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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 $6 DOWN MOUNTS 4! ALLSIZES
7.10-15. .15.95 7.60-15.. 17.75 8.00-1 5.. 20.25 ' ON SALE!
Plus excise tax and trade-in tire MOUNTED FREEI
Sfl
n ? am rnssv
Save l Little-or-no-iron
babydoil
110.
3.9
1.
Cool carefree cotton
batiste pajamas for
summer comfort! Elastic
legs. Prints, solids. S,M,L
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Sale Regular 59c panties
3 for
99c
Runproof acetate tricot
with lace or embroidery.
Elastic legs. Full cut.
SALE! Bath Towels
Mylar stripe.
Big 20x40 in. size..
2 FOR
08
ld Regular39cyd. I
80"sq" percale i
YARD$ j
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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
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