The Daily Mail from Hagerstown, Maryland on August 6, 1964 · Page 17
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The Daily Mail from Hagerstown, Maryland · Page 17

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Hagerstown, Maryland
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Thursday, August 6, 1964
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Page 17
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- M d - Steel Price Boost Could Foreshadow Other Increases By SAM DAWSON AP Butlrmi N«wt Analyit NEW Y011K ( A l ) output Is nl Ihc lowest Sloel point since February. But stcclmcii are hoping thul Die June-July slide has brought production to or near its bottom level for the year. From now on the only way to go should be up. M a n y also are wondering out loud If rising slccl production won't also see rising prices on candidates for further price in creases. Copper slocks of m a n y consumers arc at a low point. And mine strikes are putting a fur (her pinch on the supplies, Foreign producers are talking of another copper prica hike. Tin prices have gone up and a global shortage has drained some metal from U.S. government stockpiles. Unless production can be raised, another price increase may be in the making. Silver demand has been ex- many eases ho now has other materials i tf turn to If slccll li'iccs go too high. Aral in re- ecru years inroads o/ (hose sub- slitules _ other metals, e ci'ctc', plaslics, glass _ »,,,, m n i k c l once held by slecl have ceeding world output. Bui U.S. Treasury stockpile the lias held the price al (he official $1,29 an ounce level. Al Ihc moment the worst problem in silver is the small coin shortage in stores and hanks. There is no shortage in stpcl, with only a few end products subject to delivery slrctcli-oiils because of rising demand. Bui steelmen say costs keep rising. Ant! dcspilc Ihc advance in profits Ibis year over last, they wanl more money lo install more cfficicnl and more competitive production e q u i p m e n t . Any desire to raise slccl prices in .subject tii two conditions. The first is flic customer. In s i - ' slcel Customers, especially those on the A t l a n t i c and Pacific coasts, also have been able to uirn to imports from Hie growing European and Japanese slcel industries. The second problem sleclmn face when debating whether lo rajse prices as Iliey might wish is the government's a l t i t u d e . Since steel is dubbed a basic industry nml j| S ,, r j t , cs .,f fec [ lliosc of many consumer goods makers, the govcrnmer watchful of any increase government is now are might work its way t h r o u g h the whole economy in ti L e n d i n g steelmen ,,,,,, ,,,,. saying tliey believe Washington understands their problem and won't offer a stumbling block as il flirt a couple of years back wlien steelmen wanted to pill a general price Increase into effect, and hail lo back down. Jane Witherspoon Makes Dean's List ·lane Wilhcrsponn, daughter of Mr. and Mrs. R.C. Wilhcrspoon, 1332 The Terrace, has b e e n named to the Dean's List al Duke University, D u r h a m , N.C., for t h e Spring Semester. An overall average of 3.0 out of « possible 4.0 is required tr. receive (his recognition. French Retort Goes Yankee NEW YORK ( A P ) -- A trio of musical tent producers plan to enter Broadway's management ranks next season. Shelly Gross, Frank Ford and Lee Guber hold the staging righls for "Catch Mo If You Can," a French mystery-comedy. Julia Meade.is slated for Ihe lead feminine part in the show. The locale of the action being shifted by Ihc adapters, Jack Weinstoek and Willie Ciilbcrl, f r o m a French resort lo New York's Catskill Mountains. U.OfM. Medical Professor Gone After 34 Years BALTIMORE (AP) - Dr. Icn Flske Voshell, has reti afler 34 years as professor orthopedic surgery at the University of Maryland Mcdica( school. Dr Voshell is director and chief surgeon at Kernan's Hospital for Crippled Children and is a consultant at the U.S. Marine Hospital. Rt.d Th« Mail AdvtrtlMKMflH NEWS B R I E F I N G - Presidential Press Secretory George ficctly tells newsmen in the W h i t e House Tuesday night that congressional leaders and oilier high government officials had [ccn fricfcd in a W h i l e Mouse meeting on the second attack by V i e t n a m e s e PT boals oh two U.S. destroyers in Ihc vicinity of the Gulf of Tonkin, f i e also said President Johnson would m a k e a live TV-radio broadcast later in the evening lo tell the American people of the a t t a c k . (AP Wircphoto) Wallace Totals Contributions To His Campaign M O N T G O M E R Y , A l a . A P - ln the first public disclousnre of bis campaign finance?, Gov. George Wallace said Tuesday he received $321,.144 in contributions w h i l e r u n n i n g for president. By (he t i m e all the bills are . p a i d , Wallace told Ihc newly convened special session of the 'legislature, the money will h a v e been spent, lie said (be funds stil! on hand "will be just about enough to meet the unpaid bills. "Every dime of this money was furnished by volunlary contributions from cilizens throughout the Uniled States," the governor said. He promised a final aceou'nlinj; when all bills are in. The money was spent, Wal- lace said, for campaign cxpcn.se in the states where he ran in presidential primaries -- Wisconsin, Indiana and Maryland-and where he sought lo get on the ballot in (he November election before his decision to with-draw. Home also went for the un- pledged elector campaign in Ala b a m a , he said. Short Story Writer Dies M l L L E D G E V l L L E , . G a . ( A P ) -- Flannery O'Connor, snorl-sto ry writer and novelist who suffered from a chronic crippling illness, died Monday at Ihe age of 39. 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