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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.
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Congratulations ...
Crater Lake Motors is happy to present the miniature Ford Thunderbird prize to
Mr. Shirley Croucher
Our thanks to the many people who viewed the 1960 Fords and took part in
the drawing. If you haven't seen the FORD yet be sure and make a trip to
CRATER LAKE MOTORS. See the finest line of cars for 1960.
CRATER LAKE MOTORS
Main and Fir ' Medford SP 3-4547
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