Steel industry hopes damped by dull demand but autos spark optimism
Cleveland based Steel magazine reports December steel buying as hand to mouth with a likely slower pace as holidays approach. Yet producers see slight gains in first quarter orders due to growing auto output, with auto production about 30 percent above last year. Projected 1958 finished steel near 1957 level of 85 million tons. ingot output may drop five percent from this year’s 114 million tons. Steel capacity usage slides to 73.5 percent, the slowest since 1954 outside strikes and holidays. Scrap prices fall, with No 1 heavy melting steel at 33 a ton.
MENTIONED IN THIS ARTICLE
Cleveland
Steel
Metalworking Weekly
Don’t Neglect Slipping False Teeth
Don’t be embarrassed by loose false teeth. PASTERTH, a non acid powder, sprinkles on plates to keep teeth firmly set and comfortable. No gummy taste or feel. Get PAL today at any drugstore.
Hopes Slim For Climber Missing on Mt Rainier
Chief Ranger Al Rose said search for Missing Seattle engineer Low el Linn 23 who disappeared Saturday on Mt Rainier would resume today weather permitting. Linn was last seen near Panorama Point at 6500 feet as a fellow climber reported. prospects of finding him alive were described as very slim.
MENTIONED IN THIS ARTICLE
MT. Rainier National Park
Wash
Seattle
Mt. Rainier
al Rose
Lowel Linn
Minneapolis
Las
Panorama Point
Linn
Rose
Tax Cuts Held Unlikely Now For Several Years
Rep. Wilbur D. Mills warned in New York that inflation and Soviet advances foreclose immediate tax relief. He said rising defense spending will likely absorb any Treasury surplus, making lower taxes unlikely for years. If the economy grows faster than spending, tax cuts may come, but currently prospects are for restraint.
MENTIONED IN THIS ARTICLE
Washington
American Tax Foundation
New York City
Wilbur D. Mills
D-Ark
Treasury
Mills
Auctions Called Off in Colombo Amid Strikes
Ten auctions were called off in Colombo today for the second time in seven weeks due to constraining strikes affecting the market.
MENTIONED IN THIS ARTICLE
Colombo
Science Shrinks Piles New Way Without Surgery
A new healing substance called Bio-Dyne is claimed to shrink hemorrhoids and relieve pain without surgery. The preparation H suppository or ointment form is advertised with a money back guarantee and is said to have produced case after case of noticeable reduction and pain relief.
MENTIONED IN THIS ARTICLE
New York, N. Y
Reserch Institute
Keel Laid For Navy's First Missile Cruiser
The keel of the Navy's first guided-missile nuclear powered surface ship was laid at Fore River Bethlehem Steel. The Long Beach will be the first U S cruiser built from keel up since World War II and carry Talos Terrier and Regulus missiles. Admiral Jerauld Wright spoke at the ceremony.
MENTIONED IN THIS ARTICLE
Quincy
Mass
Fore River
Bethlehem Steel Co
U.S
Long Beach
Talos Terrier
Regulus
Also Mentioned on This Page
Wool
Coats
Dan River
House
Ways and Means
Will
Diana
Diana Dors
West Londn Court
London
Navy
Tag
Middletown
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