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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 21, 1959)
i I - r I " ' ' ! , Unemployment Continues To Increase Across Nation as Result of 99 -Bay-Old Steel Strike New York (LTD The num ber of unemployed due to the 99-day steel strike continued to mount today. One authori taftve estimate is that by the end of the week the total may exceed 750,000. ' That figure includes the 500,000 striking steel workers whose walkout on July 15 has thrown thousands of other workers in allied industries out of work. A United Press Internation al survey shows that the crisis is steadily becoming more serious. Tom Campbell, editor-in-chief of Iron Age, the nation al metal working weekly, pre dicted that the number of men idled will run from 750. 000 to 800,000 by the end of the week if in the meantime a Taft-Hartley injunction has not sent the 500,000 strikers back to their jobs for an 80- day cooling-off period. Crisis To Worsen "Tens of thousands of workers in the metalworking industry are now on a re duced work week because of the steel shortage," Campbell tolg UPI. "These numbers will skyrocket over the next two weeks. Many steel eon- smers will be shut down tight before they get fresh supplies. This means the crisis will become far worse after the mills start up." The authoritative magazine "Steel" reports that hundreds ' of metalworking plants will be forced to close over the next 30 days for lack of steel. Shutdowns will occur even though the mills reopen, the weekly added. Stocks In many j steel using plants are now low, he magazine said, and they cannot expect normal ship ment from the mills for 30 to 90 days after operations are resumed. ; " -- A UPI survey brought these Reports - from correspondents i throughout the country. Pittsburgh said the Penn sylvania Labor and Industry Department sets the total of Pennsylvanians idled by the strike at 234,556. This number includes 166,600 strikers. The report from this strike center stated: "Some 53,877 workers in re lated industries are eligible for unemployment compensa tion. This represents a rise of 4,429 from the week ending Oct. 9." In the Philadelphia area about 20,000 have been idled, mostly in the industries that produce auto bodies and parts and home appliances. , Latest Chicago area figures up to Oct. 15 show 19,700 un employed in secondary in dustries. There have been 2, 800 jobless in the last two weeks and of these metal' fab ricating has contributed 1,800. The Peoria Caterpillar Co laid off 8,000 at its plant com plex in Peoria, 111., and 1,500 each at its plants at Joliet and Decatur. Detroit reported that by the end of the month Michigan expects to have 22,000 steel workers, 5,300 miners . and 58,000 others (mostly auto workers) idled because of the strike. 'The California Bureau of Employment said that 1,200 persons have been directly affected by the steel strike in Los Angeles. About 7,200 are directly affected by the strike at the Kaiser steel plant at Fontana. There has been scat tered unemployment in the San Francisco area. k- -it'ym mBIC Aim STEEL STRIKE VICTIM Donald Gill, employed at the General Motors assembly plant in . Framingham, Mass., holds sub-employment application which will provide him with interim income pending settlement of the nation wide steel strike. The auto .worker will remain unem ployed until the strike is settled. ' Medford Tribune Regional Edition Page 2 Steel Shares Up on Court Injunction New York-flJPU-Steel shares turned up today after Federal Judge Herbert P. Sorg grant ed an injunction that will end the steel strike at least for 80 days. ' - ; - Shortly after the injunction was announced steels showed gains ranging to 2 points.' . Other sections of the market displayed "strength. Automo bile shares were in demand, especially Studebaker . and American Motors. These made new highs. Ford Rallied from a loss of more than' a point. General Motors firmed to a small gain. . ; Electronics rallied with late gains ranging to more than 4 points in Texas Instruments. DOW-JONES AVERAGES New York (DPD Dow Jones final stock averages: 30 industrials 632.69, off 2.68,- 20 railroads 157.18, up 0.09; 15 utilities 87.71, off 0.03, and 65 stocks 210.94, off 0.53. Sales today were about 2,730,000 shares com pared with 2,740,000 shares .' Tuesday. Today's pricei on (elected stocks: Allied Chemical Alum Co. Am. American Can American Motors AT&T Anaconda Copper . Armco Steel . Bendix Aviation Bethlehem Steel Boeing Air Caterpillar Corp. cnrysier corp. ..119,4 ..100 .. 43 "2 67 i - .78 - 59 'a - 72 3 - 65 . 54 T - 30 30V 62' 2 Continental Can Crown Zellerbach Curtis Wright Dow Chemical Du Pont Eastman Kodak Firestone General Electric General Foods General Motors .. Georgia Pacific ". Graham Paige Greyhound . Gulf Oil Homestake Mining . Idaho Power I. B. M. . 47 ',i 54 lz 30 i . 86 -256 li .- 91 . 122' s 76 99 ' 53 ;. 49 Hi 2 214 . 110 . 43 .. -43 410 129 50": Int Paper Johns Manville Kaiser Ind j 15 Kennecott Copper .... 92 Lockheed Aircraft 27 Katy 5 Montana Power Co. 23 Montgomery Ward 49 Nat'l Biscuit . 52 New York Central 3134 Pac Gas & Elec 61 Penney, J.C. .-. 107 Penn E. R : 16 Radio Corporation 60 Richfield Oil fafeway Sears Shell Oil Socony Mobil Oil Southern Co Southern Pacific Standard California Standard Indiana ,. Standard N.J , Sun Mines Texas Co Texas Gulf Sulfur Tex Pac Land Trust . Transameriea Trans World Air Tri-Continental Union Carbide , Union Pacific -. United Aircraft . United Air Lines U.S. Rubber . U.S. Steel Youngstown S&T 71 37 48 72 40 38 70 46 41 45 614 71 4 1774 2274 30 . 22 .. 3774 ..135 3214 38 42 59 .: 98 ..126 r The coast line of the island of Nova Scotia is three times longer than the entire Pacific coastline of California, Ore gon and Washington state. Hunters Fined in District Court More hunters "shelled out" this week for violating state game laws. In district court, William Sylvester Eubanks, 58, of 314 Vancouver ave., Medford paid a S25 fine plus S5 court costs after his arrest by state police for shooting from his car on Corey rd. Also in district court, Clar ence H. Fales, of 658 Valley View rd., Ashland, paid $10 for hunting in closed season. Some $20 of a total of $30 in fine and court costs was suspended. Talent Man Cited Following Mishap Ashland - Vehicles operat ed by Mrs. Daisy Jo McCul loch, 43, of 1390 Ashland Mine rd., and Bernie George Helms, 35, of route 1, box 403A, Talent, collided here Monday night, city police re ported. Police said Helms was cited for following too close. The accident occurred about 10:45 p.m. when Helms' pickup truck struck Mrs. McCulloch's car from the rear, at Siskiyou blvd. and Wightman st., po lice said. No injuries were re ported. Investment Funds Noon Quotations on selected funds supplied by the Medford Branch of Foster & Marshall, mem bers New York Stock Exchange Fund Bid Asked Bullock .... 13.54 Chem Fund 11.10 Colonial Ener 1222 Fidelity .. 15.99 Group Sec A via Elec 10.07 Group See Com Stk 13.26 Group Sec Petr 9.66 14.84 12.00 13.36 17.29 11.03 14.52 10.58 Speech Contest Set Tonight A speech contest for Jack son county students of high school age or younger is being sponsored by the Oregon As sociation of Soil Conservation Districts at 7:30 o'clock to night at Hedrick Junior High school." - The assigned topic for the speeches is Range and Pasture Conservation. Five local students have entered the contest so far, officials reported. They in clude three from the Central Point Future Farmers of America and two from the Phoenix Future Farmers of America. The winner will be entered in area-wide competition, and if victorious there, in the state finals at Salem Nov. 5. The area contest is scheduled for Oct. 26. Group See Steel 10.89 11.93 Group Sec Tobac 820 8.99 Keystone B-3 15.92 17.37 Keystone B-4 9.64 10.52 Keystone K-2 1420 13.49 Keystone S-l 18.39 20.07 Keystone S-2 12.70 13.86 Keystone S-3 13.65 14.90 Keystone S-4 . 12.34- 13.47 Mass Inv. Grth Stk 13.60 14.70 TV-Elec 15.42 16.81 Value Line Inc i... 5.65 6.17 Wellington . 14.10 15.37 BOAT FEARED LOST Tokyo -UJPD- A 50-ton Jap anese fishing boat with 18 crewmen was feared lost in the typhoon-whipped seas off northern Japan, the Japanese Maritime Safety- Agency said today. Stereo Newsmaker TMI MARK XVIII. SUno Hi-fi "VktftJo.'t J-in-l tyrtMi playi star at m compact unit er with companion tpMlrar. St wait duel amplifier. 4 spook. Diamond tyly. 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