Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 19, 1959)
Nation's (Economy Expected To Ferlk Up SDSghily If Taifft-IHlartfley Law DnvoCced in Steel Strike Pittsburgh - (LTD - The na tion's economy is expected to perk up slightly in the event that, the Taft-Hartley law is Sivoked in the 97-day steel strike which already has cost the nation billions of dollars. With President Eisenhower "expected to invoke Taft-Hart-ley's 80-day cooling off pro vision,, some facets of the economy wer expected to feel an immediate nudge up ward. However, in most in dustries it would be weeks, perhaps longer, before any improvement could be noted. The auto Industry, one of the hardest hit by steel short ages, was scheduled to lay off more workers this week and further curtail production of 1960 model cars. More than 60,000 workers in the auto industry have been idled by the strike. Gen eral Motors, one of the hard est hit, estimated its nation wide layoffs last week at 60,000. Others Laid Off With more than 85 per cent of steel production choked off, nearly 250,000 workers in coal mines, railroads and related industries have been laid off because of the strike. These workers and the strik ers have lost an estimated $775 million in wages. Steel Magazine said last week that direct losses for X -4 , I - Lm$ , Off: jA'-fTf . ' Xt Tfe t : .Xt TAKES SRIDE-Actor Charles Coburn, 83, and his wife, the former Mrs. Winnifred Gean Clements Natzka, 41, pose at Los Angeles International airport on their return from Las Vegas, Nev., where they were married without advance notice to friends or associates. She is a widow and mother of two sons. Cobura was widowed in 1937. -(UPI Telephoto) steel mills and workers plus indirect losses for dependent industries would total an esti mated $6,500,000,000 by to day. In the construction indus try, builders said critical shortages in such materials as water heaters, nails, and espe cially structural steel, would develop within 15 to 30 days even if the strike ended soon. Pipe shortages have shut down many jobs already, ac cording to the National Asso ciation of Plumbing Contract ors. The Federal Reserve Board noted during the week end that the nation's industrial production dropped slightly last month because of the steel ; walkout. It said the pinch of steel shortages was felt in the auto, railroad equipment and ship building industries. ' Tim Running Out Time, was running out, for shipments of iron ore on the Great Lakes . during the ice-, free shipping season. If ' the strike does not end before the freeze many ore boats would not be able to move out of ice-locked ports. The government last Friday ordered available steel sup-, plies be channeled to the na tion's missile and atomic de fense programs. The action, in effect, diverted all avail-, able steel coming from mills not on strike from civilian use. . The railroads have been hit hard by the steel strike. The Association of American Rail roads estimated that railroad losses of freight car loadings paused - bv the steel strike totaled two million cars at the close of the week of Oct. 10. .- ""iVv. Of the 72 ' to 75 - million Americans who take a vaca tion, 85 per cent travel by car, driving an. average ot 1,400 miles. r We have it ! The new . Decorato r- i n s p i re d TV Full Grcfe Swivel Screen! Sound Front! U "HM: "V ' ; I Out sEZrf1 y !V - rX " rjw.: Exclusive"' J y - rS0 "nt Debutante .ll ' ; MODEL 340S . T5 FHDILCC). Finest Performance yet in a TV C0NS0LETTE! Wonderfully sharp, clear pictures ph front sovoxi! Powerful Pivot-Tennapiv- . ots to bring in strongest signal. Above, model 3408 in lovely charcoal brown ob golden metal stand. Swivel : Ideal for bedrooms. The Siesta Series 3412 with "Night Watch" automatic clock. ' Wakes itself up and puts itself to sleep always on time. - Many other models & sizes to choose from Tf-md mtuf dlagwal Mwf ntut, ISS sq. i. yiswjtk trm. EASY TERMS All TV's are 1960 MocMs' 225 East 6th Ph. SP 3-5433 MedfordTribune Regional Edition Page2 Market Loses on Steel Uncertainties New . York-flJPfl-The stock market lost ground today on the uncertainties of the steel situation. . - Metals other than steel sagged. Electronics issues fell at first and then : came back smartly. Aircrafts were irreg ular. Oils held fairly well with several up a point or two. Autos rallied from a de cline and ruled irregular. . Losses in the steels ranged to 5 points in Youngstown Sheet & Tube. Most of them were down fractions to 4 points late in the day. DOW-JONES AVERAGES New York - (CPD - Dow Jones final stock averages: 30 industrials. 639.66, off 3.56; 20 railroads, 158.11, off 1.88; 15 utilities 88.13, . off 0.02,, and- 65 stocks 212.79. off 1.27. . Sales today were about 2.470,000 shares compared with 2,760.000 shares Friday. Today's prices on selected stocks: Allied Chemical : 120 V Alum.. Co. Am. lOli American Can ... 44 '2 American Motors : 65 AT&T 79 Anaconda Copper 594 Armco Steel - 74 'x Bendix Aviation Bethlehem Steel Boeine Air Caterpillar. Corp. Chrysler Corp. Continental Can Crown Zelierbach Curtis Wright Dow Chemical Du Pont Eastman Kodak . Firestone General Electric General Foods .. General Motors Georgia Pacific ..... Greyhound Gulf Oil Homeslake Mining Idaho Power I.B.M. . 66 56!'a 31 V 30 , 635,i 48 56 i 30i 84i .259 9in 124 Vg 77 99 "i Int Paper ... Johns Manville Kaiser Ind Kennecott Copper Lockheed Aircraft 53 : 49 22 111 u 43 44 '4 412V2 129 V2 50 Vt 15 Vt 92 281j Supreme Court To . Decide on Appeals Ti. Washington - (UPD - The Su preme court was expected to act on a long list of appeals today before starting the sec ond week of arguments in its current term. ' The appeals were filed dur ing the court's summer recess. The justices will decide which cases will be accepted for re view. Katy Montana Power Co. Montgomery Ward ruat'i Biscuit New York Central , Pag Gas & Elec Penney. J c Penn HR Radio Corporation Richfield OU Safeway . Sears SheU Oil Socony Mobil Oil Southern Co. Southern Pacific Standard California Standard Indiana Standard NJ. Sun Mines Texas Co. Texas Gulf Sulfur Tex Pac Land Trust Transamerica L Trans World Air Tri-Continental Union Carbide Union Pacific " United Aircraft United Air Lines U.S. Rubber U.S. Steel Youngstown S&T 23 ?4 493i 52 31 V, 62 i -107 - 16 - 59 73 - 37 - 49 - 71 383,i 72 . 47 41 47, 64 72 IB - 22 31 - 22 38 ..138 - 32 - 39 - 41 - 59i -100 ..132 Liz Taylor Signs $1 Million Pad ' Hollywood - (DPD - Actress Elizabeth Taylor has become the first feminine screen star to sign a $1 million contract for a single movie, 20th Cen tury Fox Studios announced today. . .. Miss Taylor completed ne gotiations Sunday to play the title role in "Cleopatra," a film that caused a squabble between the actress and her home studio, MGM. MGM suspended the beauti ful star briefly when she in sisted on appearing in "Cleo patra" before fulfilling their contract "by playing in "But terfield 8." The actress said she dislik ed her lady of easy virtue role in the film and also ob jected to the script, which she called "almost porno graphic." AH was settled when MGM agreed to tame down the part and she guar anteed to return after the shooting of "Cleopatra." Miss Taylor said she would set up a trust fund with the million dollars for her chil dren, Michael, 6, Christopher 4, and Liza, 2. : - . She left -for New York af ter the signing to join her husband, Eddie Fisher. The couple will go to England where the movie will be filmed. High Tribute Paid To Gen. Marshall By German Leader M Washington - (UPD - West German Chancellor Konrad Adenauer paid high tribute to Gen. George C. Marshall to day as the boiy of the soldier statesman lay in state at Washington National Cathe dral. - " Adenauer, who has never forgotten how the Marshall Plan helped his country after World War II, sent a deeply moving message of condol ence. "With Gen. Marshall, not only the American nation, but many peoples, above all the Germans, lose a great man and valued friend," Adenauer said. . He said Marshall's "Accom plishments in rebuilding after the destruction of the war are engraved in gold letters in the history of mankind." Marshall, Army Chief of Staff in World War TJ and later Secretary of State and Secretary of Defense, died here Friday.- His 'body will lie in state at the cathedral until funeral services Tuesday at 2:30 p.m. (e.d.t.). - Thousands of ' persons, in cluding high government of ficials, the military, members of the diplomatic corps and ordinary citizens, were ex pected to. pay their last re spects by filing past Mar shall's casket' in the cathe dral's Bethlehem Chapel. Private Services Held . s However, according to Mar shall's wishes, his funeral ser vices will be a private cere mony in the chapel at Ft. Myer, Va. There will be no funeral march to: the ceme tery and no massing of troops behind a horse-drawn caisson at the grave. Only simple military honors .will be ren dered. An old Army comrade from Marshall's service in China during the 1920s, Canon Luth er D. Miller of the cathedral, will, conduct the Episcopal service at the chapel. Marshall will be buried at the lower edge of the mall leading to the tomb of the un knowns. His grave will be beside that of his first wife. I STATI f MM 1 STATI f ARM INSURANCE A COMPREHENSIVE DWELLING POLICY GIVES YOU PERSONALIZED PROTECTION FOR 1 EfYOUR HOME EfYOUR PERSONAL PROPERTY EfYOUR PERSONAL LIABILITY AGAINST: FIRE, LIGHTNING, WIND, THEFT. VANDALISM AND MANY OTHER PERILS ALL IN ONE 'PACKAGE' POLICY AT A SAYINGS TO YOU AVAILABLE NOW SUBSTANTIAL CREDIT ALLOWED FOR PRESENT INSURANCE Donald E. Day Henry N. Dorig 133 So. Central. SP 3-6695 STATE FARM FIRE AND CASUALTY COMPANY BLOOMINGTON, ILLINOIS , Sixth and Grape Open 7 Days a Week . Until 9:00 P.M. Prices Good Through Wednesday, October 21. Limit Rights Reserved. y- 3 OGSEKO 5 BIG FREE PARKING fy 7"l 5W MV" , v D 3ZIKV y LOTS ROOM FOR flU I "GROCETERIA! VV NEARLY 100 CARS! ffuDD(3mu2)0x lb. v 2J Reg. 79c lb. Tillamook Natural Cheddar Cheese All-purpose, over 6 mos. Old 2 lb. loaf $1.55 STANDBY Naturally Sweet No Sugar Added 46 oz. can 39c cans 46 OUNCE jjl Dole PINEAPPLE JUICE Dole Sliced 13)13) NQEAmE No. 14 flats cans IB DOLE PINEAPPLE SPEARS No. 2 can Perfect for Salads BAKING A FRUIT CAKE? You'll find everything you need now at the Groceteria! Glace Cherries Pineapple Slices Citron Glace Lemon Peel Glace Orange Peel Blached Raisins Sizes and Brands to Please You Lyons Radiant Mix : LB. PKG. if S&W Fruit Cake Mix 1-lb. . . Ay Lion Brand SEEDLESS RAISINS 4-lb. bag A real buy at.... 7w II ll Save KAISER FOIL CAKE PANS USE FOR BAKING FRUIT CAKES, ETC. Package of 4 ? . 29c IF YOU AREN'T TRADING AT THE GRO CETERIA YOU'RE PAYING TOO MUCH! J o o O ' o . o . . I- o o o- o o ' i. O 3 o e o
