St. Louis Post-Dispatch from St. Louis, Missouri • Page 168

Slecl Use Scls Record; Imports Rise 1 ft Jan. 5, IQ SUOUIS POST-DISPATCH been estimated. After the signing of a new labor agreement and with supplies assured, shipments in August and September fell to about half the July rate, as consumers shifted to reduction of their stockpiles. Two Import Factors The rise in steel imports last year was stimulated in part by the inventory-building of steel I JliploMliCllI Al Si. Joseph Moac in Year Special to (lie ST.

JOSEPH, Jan. 4 -Employment in the St. Joseph metropolitan area in November was 36,100, an increase of 630 (nn) LINE uuu.) 7fMG ple, industry-wide price cut, however, later failed to stand and the situation became more complex. Pricing Maneuvers U.S. Steel said it was canceling its price cut and restoring hot-rolled sheet to the former price of $125 a ton.

Bethlehem marked time a few days, then said it also was going up on hot-rolled sheet, but only to $117 a ton, or less than U.S. Steel. As other producers began fol-1 i Bethlehem, U.S. Steel said it would not put its new and higher price into effect as scheduled. The company said it wanted to wait for "further clarification of the competitive situation." over the year-earlier level, the! Missouri Division of Employ-! With production at a low level after the strike, steel mills resorted to price cutting to gain sales.

There were rumors of under-the-counter price cutting almost immediately after the 1-billion-dollar labor contract. The industry compromised on a 2.4 per cent price increase on half its production to give stoetworkers the 90 cents an hour wage hike it said it could not afford. Bethlehem Steel, the nation's No. 2 producer, shocked the industry late in the year with a 22 per cent rollback on the price of hot-rolled carbon sheet, the industry's basic product for automobiles and construction. The move was followed by other companies, including giant United States Steel the No.

1 producer. What appeared to be a sim users against the possibility of a steel strike. Another factor is price foreign steel often undersells the domestic product, despite the long distances it has to be shipped. S.eel company executives point to the lower wage costs of foreign producers as a major factor in this advantage. to offset the growing threat of foreign steel and to achieve more economical operations, the steel industry spent about 2.3 billion dollars on new plant ment Security reported.

The increase was 1.7 per cent. Unemployment in the area declined from 1800 or 5 per cent of the work force in November 1967 to 1740 or 4.6 per cent of the work force last November. The labor force employed, unemployed and strikers increased 10S0 in the 12-month period to 37,840. Mulligan CompanyBusiness Forms NATIONAL HEADQUARTERS ST. LOUIS, MISSOURI 63144 314-727-3983 Although no one would come out and say why prices originally were cut, soaring foreign competition appeared to be the reason.

and equipment last year, close to the record amount ot The name of the game is PROFIT. $2,310,000,000 spent in 1967. adverisemtnt is neither an offer to sl! nor a solicitation of an offer to buy any of these securities. The ofUrinq made only by the offering circular in the State of Missouri and only to bona fide residents of the Sate of Miiwurl. Capital outlays will coiitinue Siael consumption in the United States last year set a record, but imports took a larger share of the market.

Production by the nation's mills was the third highest in history. Use of steel milt products in 196S was more than 107.000.000 tons, the American Iron and Steel Institute estimated. The previous high mark was 100,500.000 tons in 1965. I of steel advanced more than 50 per cent last year, amounting to nearly 1S.000.000 tons, the institute said. This was rise of more than 6,000,000 ions from the 1M7 imported total.

Imports last year took atvmt .17 per cent of the U.S. market, compared with 12 per cent in 19S7 and less than 3 per cent in 1958. Although imports took a large share of the national market, domestic mil's produced about 2.S per cent more steel last year than they did in 1967. Output last year was estimated at nearly 131,000,000 tons of raw steel, compared with the of 1J4.100.000- tons in 1966 and 1965's 131,500,000 tons. Tonnage Cited U.S.

mil's shipped about 92,000,000 tons of steel products last year, of which approximately 2,000,000 tons went abroad. The record was 92.700,000 tons in 1965, but 196S's shipments exceeded those in J9S7 by about 10 per cent. Stee'men are predicting output this year will be about 325,500,000 tons, Steel magazine reported. Activity in most larger steel consuming industries in 1969 is expected to be slightly higher than in 195S, but inventories of steel are still higher than normal and are likely to be reduced further. Output of steel last year was influenced by the industry's labor negotiations.

It rose to a monthly peak in July as steel users built up inventories in anticipation of a strike after July high this year, as further steps are taken to improve steel oper- ROAST BEEF SANDWICH FRANCHISE a i s. Highly efficient basic NEW ISSUE NOV. 25, 1968 oxvsen furnaces are being in stalled rapidly to replace the FRANCHISE LOCATION AVAILABLE III ST. LOUIS, COLUMBIA, CAFE GIRARDEAU, JEFFERSON CITY long-dominant open hearth proc ess. Last year oxygen furnaces produced 37 per cent of the to Marriott Corporation's superior knowledge and proven success in the food service business, the finest national and local advertising plan in the industry, and outstanding operating format and continuing support programs.

Already, over 100 units are open, under construclion or in the final stages of planning. The franchise entitles the holder to a protected territory, complete building plans and specifications, personnel training program, operations manual, bulk-purchase program for supplies and equipment and an outstanding local and rational advertising program. Atlraclive lease arrangements are available to qualified individuals. In just (our months, successful chain restaurant operators have bought up area franchises for 49 states. (Alaska, anyone?) Sub-franchise rights are now available.

Both single and multiple units are going to investors and to restaurateurs. A Roy Rogers Roast Beef Sandwich franchise is profitable. Interested? The Marriott Corporation is. The Roy Rogers System is a division of Marriott, one of the nation's leading restaurant, food service and motor hotel chains, with annual sales nearing 200 million dollars. Add the King of the Cowboys' millions of fans throughout the country yesterday's, today's and tomorrow's and you have a power pact unmatched in the fast food field today.

Interested in a Roy Rogers Roast Beef Sandwich sub-franchise? With Roy's All-America image and Marriott's All-American know-how, you'll have the name and the game. The roast beef sandwich business is termed the newest phenomenon in the fast food industry by "Drive-In Management Magazine." It is a business well on its way lo making millions of dollars for operators and investors. The Roy Rogers System 'is one of the fastest-growing Roast Beef Sandwich Franchise Plans for many reasons: LEVERAGED MANAGED LAND INVESTMENT i In Units of $10,000 LANDCO II i Limited Partnership in Land The objective of Lendco II Limited Partnership Is to Invest In agrlcul- turd! land for possible long-term appreciation and current Income. A subsidiary of Doane Agricultural Service, Inc. I For offering circular, write or phone: DOANE LANDCO, INC.

8900 Manchester Road St. Louis, Mo. 63144 (314) 968-1000 i Interested? Call, write or wire tal, compared with 33 per cent in 1967. Electric furnaces tumed out 12.3 per cent of the total output last year, compared with 11.9 per cent in 1967, the industry institute said. Uneven Income Picture The i had a better year in terms of profits than it did in 1967, but the rate of return on stockholders' equity was the lowest in all manufacturing in the 12 months ended Sept.

30. Net income in the first nine months of 196S was $924,000,000, a gain of 13 per cent over the year-earlier total of SS19.000.0O0, the Federal Trade Commission; and Securities and Exchange Jack Hennessey Western Enterprises, Inc. 7818 FORSYTH BLVD. CLAYTON, MO. 43105 314 725-2564 Commission reports show.

"TrtiTreTiHwTrwnrBmiii CLASSIFIED ADVERTISEMENT rnmim-msmmimminmmwmmm CLASSIFIED ADVERTISEMENT Sales advanced 11 per cent to CLASSIFIED ADVERTISEMENT iwo billion dollars in the first nine months last year. However, with the sharp decline in shipments in the last quarter, results for the year will not be as favorable as in the first nine months. SI, wnen the union contract expired. Steel users added nearly 13.000,000 tons of products to their inventories as a hedge against a possible strike, it has SPECIALIZED SCHOOLS AND COLLEGES HELP DEVELOP A MORE PROFITABLE FUTURE! Granite City Steel Co. Cites Import Threat weakened by the steady increase in steel imports from lower cost or subsidized producers abroad.

Unlimited steel imports threaten our a 1 a of payments position, our national security, the ability of our steel Droducersto continue their Is There a Nursing Career in Your Future? THE ST. LOUIS MUNICIPAL SCHOOL OF NURSING offers a three-year course leading to licensure as a registered nurse to both young men and young women. Find out how you can qualify for admission. WRITE OR CALL DIRECTOR OF NURSING St. Louis Municipal School of Nursing 2516 Goode Avenue 1515 Lafayette Avenue St, Louis, Missouri, 631 13 or St.

Louis, Missouri, 63104 FRanklin 1-3100, Sta. 385 CEntral 1-3700, Sta. 336 BARNES ITAL nun heavy capital expenditures and the jobs of thousands of steel INVITES YOU TO AN iPfNI employes. It is not realistic to expect the American steel industry to comnete aaainst foreign steel producers who benefit not only iy NICHOLAS P. VEEDER Chairman and Chief Executive Officer Granite City Steel Co.

Iiast year was another record year for steel in terms of the consumption of this essential and basic material. More than 107,000,000 tons of steel products wete marketed in the United Stales. However, the total inclined about 13,000,000 tons of imported steel. Imports accounted for almost 17 per cent ot jll the steel consumed in this coufitry last year against 12 per cent in 1967 and less than 3 per cem in 1953. TJie record growth in the steel market demonstrates that steel has held its own in the competition" with substitute materials.

Stefct remains the backbone of our! industrialized economy, ac-coiinting for 95 per cent of the weight of all metals and the bulk of all processed materials used in manufacturing. The a position of the American steel industry, which is essential to the nation's economic well-being and military security, is being seriously SATURDAY, FEB. 1 MAR. 8 APR. 5 FOR INFORMATION CALL: FO 7-6400, EXT.

223 from much lower wage rates but from the fact that they have become "instruments of government" enjoying such additional benefits as special tax incentives, rebates on exports, favorable credit terms and various measures designed to protect their own domestic markets against outside competition. Government action is needed -A GO AIRLIN J. 54Si. we il make Marshall, Missouri to help reach a solution. The Young men and women, high school grads, ,17 to 38.

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Retires at 60 With a Nod to Youth Movement NEW YORK, Jan. 4 (AP) -After 16 years as head man, J. Wilson Newman retired as chairman and chief executive officer of Dun Bradstreet Co. in 1968. As he sat at the ornate 100-year-old desk originally used by oneof the company's founders, Newman said he was retiring because "it's time for a change." "Business keeps trying to get younger and younger management, and it's a good idea," said the small, a 60-year-old who jogs every morn mm QUARTER 6'lWFBB.

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RYAN Chairman of the Board, Nooter Corp. "Erie year 1963 was a year of continuing backlog drop for the Notiter making it a disappointing year for profits. A similar situation existed for the majority of firms in our industry. It appears that our backlog is stabilizing at a low point and there are signs pointing to increased activity by our customers in capital goods spending in 196. This is especially true in the; latter half of 1969.

Because there is quite a lag between the time of accepting an order and shipping it, this means that our prJit picture will not be good until perhaps 1970. I Rise in Building Our optimism about the future is Confirmed by McGraw-Hill's survey of preliminary capital spending plans, which indicates that our 1 a market, the chemical processing industry, appears ready to resume building) facilities at a much faster rate than in the last two years. Through these ups and downs of jhe business cycle, Nooter has continued to grow and is one'-of the largest privately owned custom steel and alloy plafe fabricators and erectors in this country. All of our outstanding summon stock is owned by 325 employes. We have a total of about 1600 persons, which includes our Missouri boiler division and the St.

Louis metalliz-ing subsidiary and our field employees. -Fast-Growing Division Our field construction department is growing faster than other phases of our business as it erects processing equipment at customers' sites throughout the United States. Earlier this year, we an Enroll Now for Winter Classes Miss Mickey's School for Secretaries, Inc. Now in its New Location at 6710 Clayton Road, St. Louis, Missouri 63117 Day and Evening School Beginner and Review Courses Phone 644 2866 A FLORIST CAREER' Specialized Training Is The Key to Sueeeis ENROLL NOW IBM KEYPUNCH COMPTOMETER OpeMton In demand.

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"But nobody's figured out how to get rid of them when BARTENDERS Cm(( or Vrile Pen or machine stiorfhanrf specialists for Sefl. SHORTHAND, they are old. If I had it to do all itvufnji TirvftiiiMiiMn ove again, I 1 't have KAMI SINCE 1334 stayed so long. rtartcs. Typists, Hoitrt Reporters, Nokd for high by private noachinq, Choice of hours day, night, Saturday.

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Positions avn.Ua.We upon dilation. For details call If no answer, TA 1-6931. American Bartender School, 277 DeBallviere. INSTITUTE as chairman. Perkins is a for Ask for catalog 51! LOCUST CH 1-1638 mer president of the University of Delaware and was undersec Jlie cHuci Slxoppe GRAND ot (ARSENAL 3555) Sewing Lessons for Beginners 4 Advanced Specialized Personal Attention (CUims limited to S) Expert Knitting Instructor Enroll Early for Classes Starting in February PR 3-9043 SEE PRECEDING PAGE FOR OTHER EDUCATIONAL FACILITIES! retary of Health, Education and Welfare in 1957-58.

Taking over from Perkins as president and from Newman as chief executive officer was Hamilton B. Mitchell, a man colleagues said was immensely popular as president of Reuben H. Donnelley a Dun Bradstreet subsidiary..