Major Decision Near Sfeel, Auto Industries Pace Setters By SAM DAWSON AP Business News Analyst' NEW YORK (AP)—The steel and auto industries share the sometimes embarrassing honor of being the most closely watched of all. And just now the pulse- taking and solemn findings are heirta sleppe'd up from weekly to almost riaify. Steel companies this week and next will bo deciding whether to cut or maintain dividends in the face of lower output and earnings. Some are trimming prices on certain nrociucts or in certain areas. New orders are stubbornly- refusing to flow at hoped-for rates. Ahead are negotiations with the union on thn question of higher wages, or shorter work weeks, or longer vacations. The auto industry is. if any- tiling, an even more popular bellwether. The average American thinks if production is picking up in the auto industry an ( ] dealers are moving out the new models at a fast clip, general good times must be ahead for all. In spite of the Snace Age acoming, this is still a highway-conscious nation. Right now because of qualms about the economy in general, the sales reports from Detroit are being followed more closely than ever. So far, the sales reports and production schedules are reassuring. Page 8 (inrtlcn fity TVI Tuesday, October 23, 1962 The news from the steel capi-' tals is still ycry much on the so- j so side. j I While output lias recovered! 1 much of the ground lost in the j | sharp slide that followed the sign- j ' ing of a new labor agreement | last spring, new orders as yet haven't been enough to raise pro-; ! duction above 60 per cent of capacity. Steel users have been able to get along on their stocks- built up before the labor settlement—much longer than many i steelmen had expected. The prolonged slackness in sales volume, plus increased operating costs and inability to raise prices, have pared earnings sharply below the first quarter levels. Some steel companies took note j and cut their dividend rates last j summer. Others maintained the old rates, although their earnings didn't cover the payments. In the next few days directors of most ! steel companies will be meeting ! to decide if thi s policy should be I I continued. And, meantime, mm-! ors and counter rumors sweep | the stock market and joggle I Theyll Do It Every Time By Jimmy Hatlo LOVES TO ADDRESS WOMEN'S CLUBS OM THE SUBJECT OF HOW TO RAISE CHILDREN «« BUT ASK POP, WHO HAD TO STAV HOME AND MIND 'EM SO THE OL* SPOUTEI5 COULD DO HER ACT«« /OUR FOUR YOUNGSTERS A WELL-MANNERED EXAMPLE'" WE TREAT .THEM LIKE ADULTS— THEV SHARE THE RESPONSIBILITIES" THEYRE WONDERFUL— DRIVING ME DAPFV// AN 1 TO THINK I HAVE TO PUT UP WITH THIS, WHEN I SHOULD BE OUT SELLIMGr.'y 10-23 © Klnar Fwlurei Syndicate Inc., 1902. World rlahtjl merven prices of steel stocks. Stainless steel prices have been cut in recent days by a number of firms seeking to maintain their share of a market where supplies have outrun demand. Steel prices across the board have been pared on the West Coast to bring them near the list quotations in the East, where traditionally they have been lower. Foreign steel becomes increasingly competitive, both because overseas production capacity has been mushrooming and lately because markets in some other industrial lands have been shrinking. There is more foreign steel to be shipped here—and domestic producers, especially on the West Coast, are complaining increasingly of the inroads. To meet all these troubles—rls-1 ing costs, disappointing demand, I price weakness, foreign competi- ] tion—American steel companies are emphasizing greater effien- c-y and new steel making methods. But that takes money—either borrowed or from profits. And in an' industry as cyclical as steel, what happens in the next few weeks and months will be regarded widely as a clue to what's ahead for much of the economy. Kanscm Killed When Automobile Hits Bridge OWASSO. Okla. (AP)— James O. Trotter, 46, Haysville, Kan., was killed Monday night when the car in which he w. j riding struck a bridge on old U. S. 75 a mile south of here. The driver of the car, Marvin 0. Goodson, 48, Haysville, was not injured. Young Hobby Club Make a Halloween Pumpkin from Paper By CAPPY DICK With scraps of newspaper, flour-and-water paste and orange- colored crepe paper you can make a papier-mache jack-o-lantern for Halloween. Use a real pumpkin for a mold. It should be a very small one because a small jack-o-lantern is easier to carry on a flashlight as in Figure 4. Grease the entire surface of the real pumpkin with lard or Vaseline. Make a thin flour-and- water paste. From a roll of orange crepe paper tear off a piece big enough to cover the entire pumpkin. Mold the paper to the exact shape of the pumpkin (Fig- Ordinance Requires Gat Owners to Identify Pets NEW PROVIDENCE, N.J. (AP) —The borough council passed an ordinance Monday night requiring cat owners to identify their pets either with a collar and tag or a tattoo or an indelible ink stamp. Cats will be registered and licensed yearly. A 1,270-mile traverse near the South Pole in 1962-63 will gather ice-thickness data to help determine whether the continent's vast ice blanket is advancing or retreating. OONAIDS j. M. MCDONALD co. WORK CLOTHES One of Neptune's two satellites, Triton, takes 359 days to revolve around the planet. ure 1) and twist the edges together at the stem. Pat some flour- and-water paste on the paper to help hold it in place. Then, dipping 'your hands intb the paste again, pat them all over the crepe paper until it holds close to the surface of the pumpkin. Tear some old newspapers into small, irregular scraps. One by one, dip them into the paste and apply them to the crepe paper. Continue doing this until the entire surface has been covered with eiglit or nine thicknesses of newspaper. When enough paper has been applied to make a thick shell, cover the entire surface with small scraps of orange crepe paper dipped one by one into the paste. When working with the crepe paper, it will be well to wear rubber gloves as the moist paste will release some of the paper's color and it will stain your hands. Set the pumpkin aside for the paper covering to dry. When the paper has hardened thoroughly, use a butcher knife to cut the pumpkin in half (Figure 2), cutting through the pa- pier-mache shell a s well as the pumpkin. Remove the real pump- Use Real Pumpkin as Mold kin halves, then put the paper shell back together, fastening the halves with transparent tape. With a pocketknlfe, cut eyes, a nose and a mouth (Figure 3) in the papier-mache pumpkin and in the bottom make a hole just big enough to fit the top of a round flashlight. Use tape to hold the flashlight in place (Figure 4 >- i . To carry the jack-o-1 a n t e r n, simply hold the flashlight in your hand. When you snap on the light It will show through the eyes, nose and mouth. TOMORROW: How to try to win "Great Books for Children"! OPEN YOUR CHARGE ACCOUNT TODAY! UNMATCHED COMFORT, UNEQUALED WEAR WORK SHOES McDONALD'S PRESIDENT You get more for every work clothing dollar when you choose these guaranteed McDonald brands! Come in today . .. compare quality ... compare prices! For longer wear choose RAIL CHIEF COVERALLS They're "job-fitted" for farm, » factory, garage or at home! COMPARE THESE FEATURES: 1. Longer wearing triple-stitched seams 2. Handy zipp-sr pocket 3. Extra buttonhole for watch chain 4. Guaranteed rip proof waist 5. Heavy zipper zips from top to bottom 6. 14 bar tacks reinforce strain points 7. Graduated sizes for best fit 8. Finished seams ... no edges to ravel ,9. Bi-swing back for added comfort 10. Fisher stripe, 10 ounce denim fust can't be beat! CHECK THESE 12 POINTS OF QUALITY: 1. Acid and soil resistant upper 2. One piece maided back 3. Pre-formed leather counter 4. Pegged and nailed heel base 5. Triple riveted steel shank 6. Leather or Neo-Cork sole 7. Nylon stitched upper 8. Weather-proof leather midsole 9. Goodyear Welt construction 10. Plain boxtoe, creased vamp 11. Enameled hooks and eyelets 12. Stock gusset Rugged work shoes that withstand oils and acids, give longer wear. New 3 way improved arch, sweat-proof insole, oi.l tanned leather uppers, Men's sizes 6^ to 12. Here's the perfect working garment for nearly any job! Comfortable Bi-swing back gives more arm freedom; two way zipper front and rip-proof waist add comfort, protection and long wear. Popular Fisher stripe, sizes 34 to 46 in short, medium and long graduated lengths. Comfortable Money Bak MATCHED SUITS A best buy for comfort and wear! Shirts Pants $ 2.49 $ 2.98 Vat dyed sanforized twill in Army tan or grey. Pant sizes 29 to 44, shirts I4i to I7i. LINED DENIM WORK JACKET 36 to 46 ! 5.45 Cossack style jacket of heavy blue denim with golden fleece lining. Sanforized Zipper front closure. Long Wearing Money Bak BIB OVERALLS Heavy duty 10 oz. denim Sizes 30 to 50 '3.29 Sanforized, Fisher stripe denim. Triple stitched seams. Full cut for comfort. They're Union Made. COWPUNCHER JEANS Men's 28 to 42 '2.98 McDonald's Wearwell THERMAL UNDERWEAR Keeps you comfortable even in coldest weather Shirts, S-M-L-XL 1 .98 Drawers, S-M-L-XL 1 .98 Circular knit with thousands of tiny air pockets to keep you warm in cold weather, yet lets you be comfortable indoors. The modern way to keep warm and avoid the cumbersome weight of heavy underclothing. Try it! Western style of 13} ounce denirn. Copper riveted at points of strain. Boy's sizes $2.49 MONEY BAK WORK SOCKS 3 pairs $1 BANDANA HANDKERCHIEFS 8 for $1 MEN'S CUSHION SOLE SOCKS 3 pairs $1.15 POPULAR "FUZZY" CHORE GLOVES 39c MONEY BAK SHOP CAPS 49c « DONALDS j. M. MCDONALD co. A Sensational space saver! Dual-purpose portable lightweight steel FOLDING HIGH CHAIR FOLDS SO COM. PACTLY IT CAN BE HUNG ON A HOOK! • New designed seat best for sitting baby upright while feeding • Washable seat in white or turquoise • Airplane type safety strap • Adjustable swing-away tray • Beautiful metallic bronzetone finish WED. IS CASH DAY IN GARDEN CITY DRAWING 2:30 P.M.—PRIZE $400.00 SPECIAL PURCHASE! OUTSTANDING VALUES IN INFANTS 1 FASHIONS A. One piece corduroy coverall B. Boy-girl corduroy crawlers C. Infants' dress and diaper set group 9-24 mos. 1-3 yrs. 1. Sizes 9-24 mos. 1.66 Sizes birth to 24 mos. 1.66 Easy care coveralls for girlt Corduroy crawlers have eon- An outstanding assortment ot Q and boys. Elastic at waist, lip- cealed snap crotch, all elastic infants' better dresses, suits 2 per front; snap crotch on 9-24 waist, button suspenders. Ap- and diaper sots at tremendous Q mos. size. Red, blue, green, plique on leg. Red, green, blua, savings. Special purchase for toast. toast. this Birthday event.
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