Greeley Daily Tribune from Greeley, Colorado on December 26, 1962 · Page 14
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Greeley Daily Tribune from Greeley, Colorado · Page 14

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Greeley, Colorado
Issue Date:
Wednesday, December 26, 1962
Page:
Page 14
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Old Way of Life Passed From $teel Industry During 1962 ·-: By BOB VOELKER tour minutes later. The move was| The nation's mills pou'vd some /PITTSBURGH lAI'i - An old.d«d. 'J8 million tons of steel in 1962. ·»$y of life in the steel industry; "* S12-a-ton prk-p reduction by almost exactly the same as the! '^lsed from tile scene in 1%2. A; K ' lisi 'r jolted Ihe industry, par- 1961 total. The operating rale av- 6E31- tra-already born-burst into'licularly U.S. Steel ;,nd Bethlc-ieraged about 62 per cent of ca- .Wjituruy. j hem which, along with Kaiser. :pacity. Pagejl GREELEY TRIBUNE Wed, Dec. 26, 1962 i'iStoelmcn said they Mere being. SU !'P'- V ~ J 1*'' a ' !:l J f thl -' bustlin: iagaed to tcenoniic daum by' Wl 'f t , c " a ; t sk ' el market, jdiffjndlinp. profits, mounting costs «X3 fierce competition. [Promptly Production ran heavy in the early part of the year as buyers itei and ISethlehemjstocked warehouses as protection cat their West Coast Against a possible strike when la- to go alon; "i'Jffilh du-or-die ."producers turned A Kaiser spokesman said the .iri^»iuii-a uuuvu 10 leseaicn aiiu i j . , iffctemzation f,,r salvation. Thel " m s T° was P art l' motivated cent o inly hope, thev said, lav in tech-i ' y , an m TMTM m J;'l'""«* im- With Mfixical ,dvan ( ,s-new ways to £"£.,'1' !..!f L "^ ^ **· steel cheaper. |F. Kaiser, board chairman. g a ;t;Money for new plants and etjuipr''.. · started [lowing in increas-i' iv bigiicr chunks. The price , , , . ; for vows to come will be "^ ° f /"*' TM "°* .P laced ln ' ' but the companiesi" TMre favorable posrt.on to r ,,.tend Iheir markets ..«· . * csl . mi m "' * c manufacturers and rin}:. on March 31 and production im- mediatley headed downward, reaching the year's low of 46 per ~:nt of capacity in mid-July. With users living off big inven- 'ries, production bounced around Ihe 52 per cent of capacity mark a more sweeping appraisal. He through the summer, then started climbing in early fall in response Ted Kennedy in Colorado, Bobby To Arrive Soon DENVER (AP) - Sen.-elect Ed- wor d. kryos. meaning ivy cold. ward (Teddy) Kennedy, brother of Substances ollen take on weird the President, and his wife head-' but useful Parties at crygenic Icy Antics CHICAGO - Crygecicj b the Kieocc 4 produciug and using extremely low temperatures. The brittli name conies from the Greek a Christmas-tree trnameot. md you can drive naila wtth a cryo- genkally cold banana. SUel becomes five times as atnof, but M it will splinter V itrwfc. ed for W ski s^ Wed after an overnight stay in Den he iti to ne\v orders from auto makers. A'en't flinching. They're going all :tbp way. ijiCapital inuslmcsts in 'tided $1.13 billion. Investments riin relatively light in the early! broaden their lines of products ,aid more efficiently meet compe- Itition from midwestern and Production got up to 60 per cent in November and held near that eastward.jpoint ( 0 year's end. cast- No one is expecting much improvement in 1963. Some observers look for a slight increase in as well as foreign production: others aciurers selling in West'minor decrease, markets." I · - predict "All right, men, don't just stand around doing nothing--ask each other questions!" Kennedy, who lives in Boston said the couple last skied in As pen eight years ago but they re membered it as one of their hap piest skiing trips. The President's brother said jColorado's ski slopes are still at tractive even though "We lost Col orado." He referred to Colorado voting for Republican Richart Nixon in the 1960 presidentia election. Another of t h e President's brothers. Ally. Gen. Robert Ken nedy and his wife are schedule) to arrive in Denver late Wed. en route to Aspen, where they plan to ski too. Power Surge Foiled NEW YORK - A new device equipment and wiring in homes and other buildings from power with no moving parts and small! Sur 8 es cau! *d by lightning. These Delta Queen Is Last ·- ,,.. ,, . . .- ppces. Ihen the tempo mcreaseo T tti-jjush the year's figure to $1.17; billion. Forecasts indicate the HO siillay will climb to $1.32 billion. , .,,., ,,,,, , ,, :'-A significant point: The nation -O^VILLE. hy. .AP, _ 01 slrea.lv has ail the slcelmaking a ' t l c ' las ^amboats that tapaciiv it needs; thus, a sizable I 1 '!" jiprtion of investment money is pimed solely at improving effi- icfency and lowering costs. '''Among other things, stcennen are arming themselves with two especially powerful production weapons--computer controls :md the new oxygen process which in itself speeds production as much as eight-fold. The end is years away, but the ultimate goal is elear: Push-button steel mills. Regarding profits, 10C2 was a dismol year for the steel companies. Four producers, including the top three, reduced dividends. A host of other firms suffered earnings losses.. U.S. Steel Corp. cut its third- quarlcr dividend from 75 to 50 cents, the first reduction by the industry leader since the depths of Ihe depression in the l!)30s. U.S. Steel earnings for the first nine months amounted to $122.8 million, or $1.92 per common share, compared with $142.7 million, or ?2.29 a share, in the same period of 1961. Dividend cuts also were made by second-ranked Bethlehem Steel Corp. and third-place Republic Steel Cprp. Another major development in 1962 was the revelation that west era producers were ready to com pete on an equal footing wit! eastern mills. Two things pointec to this. First came the refusal of Inlam Steel Co. of Chicago and Kaiser Steel Corp. of California to go along with eastern producers in their abortive attempt to push through the $6 a ton price increase. The "no" decisions of Kaiser and Inland settled the matter Then, in October, Kaiser slashed its prices an average of $12 a ton, wiping out the historic east-wesl price differential. U.S. Steel started Ihe price hik rolling with an announcement on April 10. Other major producers including Bethlehem, Rcpubli and Jones Laughlin Steel Corp. joined in. Two days later the industry government fight was white-ho and far from decided. Roger 11 Blou.gh, chairman of U.S. Steel, told a news conference that if Armco Steel Corp. and Inland don't join in on the price increase "I don't know how much longer we can maintain our position." The next morning Inland said it would not boost its prices. Three hours after that Kaiser followed suit. Exactly four minutes later Bethlehem hacked down. U.S. S'.ccl tossed in the towel two hours and led the Ohio and rivers, only one is left. She is the Delia Queen. The Queen is to set out again March 23, and Capt. Albert S. Kelley, 67, intends to be at the helm of the big paddle-wheeler, now in dry dock. Kelley, who has been on the rivers since 1916, Knows the Ohio and Mississippi better than the narrow streets around his Louisville home. He knows steamboats -- and that it is just a matler of years before they disappear and are replaced by screw-propelled towboats. 'llcy, with his wcathere face and rough hands, looks like any steamboat captain Mark Twain ever wrote about. But he says 'wain tended tc exaggerate a bit vhen he wrote of the river, "but t's good reading, anyway." Kelley says the life tf a steam- joat pilot is not particularly exciting. He did get a scare in 1925 when his steamer Andes was hit by a barge and damaged. In fact, he says, the life is con- ining. During the season he gets wn-.e only once a month during || .he roundtrip downriver to New Orleans. Things have changed since 1916, when Kelley became a cub pilot on the City of Louisville. Sand bars are marked, channels dredged out and turns clearly marked with lights. But the pilot is still master of his ship, Kelley said. "It takes skill to be a handler," : said. "Even wit hall the modern things, you still have to bring the steamer into the landings." Kelley, master of the Delta Queen since 1948, tried only one other job after starting as a pilot. It was after his Navy service in World War I and he tried a little farming. "It didn't work too well at all," 1 said. "Even with all the mod- DAMASCUS -- Syria expects difficulty in the exploration ol her newly-found phosphate deposits. AUTOMATIC Transmission Co. 8lh Year in Business REPAIRS AND EXCHANGES H21 2nd St. El, 2-4358 "Best place to borrow Earth money is at The First 8»h Avc. o» 9th Sf. of Grcclcy enough to be held in the palm of the hand protects electrical surges account for 95 percent ofj lightning-caused losses. WILD BIRD SEED 10 Ibi. 7i c 25 Ibi. |1.69 60 Ibt. .13.00 ANDERSON SEED CO, "10 9th Avenue o[ liquid oxygen. A bar of lead which usually gives a dull clink when tapped rings like fine crystal when very cold. A rubber ball will shatter like MONTEVIDEO - There if pra*- ·ntly no customs duty on import jf peanul meal in Uruguay. KITCHEN CABINETS Built-in AppllancM WELLER LUMBER CO. HOME FURNISHINGS STOREWIDE SAVINGS OF 20%* Take advantage of these fabulous values! Outfit every room in your horn* at tremendous savings. LIVING ROOM GROUPS Too many to list, you'll find your living room furniture in the right fabric, color and price. DINING ROOM GROUPS Gracious, quality crafted styles, Modern, traditional, provincial, colonial; wide choice of woods and finishes. BEDROOM GROUPS Select from modern, colonial, traditional and provincial suites. In your choice of war ' finishes. OCCASIONAL PIECES Tables in all styles; desks, breakfronts, secretaries, too. Choose from a variety of styles and finishes. CARPETING Choose your carpeting now from a fine selection of Wool, Nylon and Acrilon carpeting. A wide variety of patterns and colors. GIFT DEPARTMENT Many decorator pieces and hostess serving pieces to make your holiday entertaining more gracious. "Fair Traded Items excluded. Budget Your 1'urcliiisc -- 'J'nkc Months To Pay Let Us Develop Your Christmas Pictures -- Fast Service -- CAMERA REPAIR 352-2412 . PUT ^,. THE SAVINGS 0-OUGH'S INC. ^^·»^^. . . fine Furniture Since 1904 1215 8th Avenue 352-6822

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