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Show w r'r i ' - VT 'nrrp ' :lPredicftioiriis " w m 'T7' wr r-- rw - ra new home units if the administration's proposed 10 per cent surcharge on corpora-.tion- s is enacted. It estimates flie 1967 figure 6nly 1.25 million units. Worse yet, the NAHB warns that "without higher taxes, hpusing cduld go into another tailspin to as bad as the 1.2 million starts of 1966. Reason: High interest rates would undoubtedly hold down the housing recovery. And from, the, money. jnar-- . ket the word is that net new mortgage vdlume next year will increase only by 11 billion which doesnt suggest a housing boom. ' at optimistic. For 1968, the association' predicts 138 million j In realty circles the feeling nonresi-dentiis, that the over-al- l market construction will continue to climb in 1968. d The rate of Increase is at 6 per cent Said an informant: It would be impressive, were not construction costs moving up so fast, that almost all of the dollar esti-mate- gain is lost to price inflation. Heres another interesting point from the Chicago session of Business the Association of Economists: All present were optimistic about everything except on profits for 1968. President Johnson is m r i J inloysiirag- -- Restrictlm ports, Sen . Moss Asks - - In NEW YORK (NANA) dfejafch lor background to be optiiini&ic about prospects for 1968; members of the Association pf Business Economists prefect that 1968 will witness a (strong and persistant new housing next , yeat4Thehf calculations show that new' home starts in 1968 will total 15 million units ah estimated 1.23 mifliqn for 1967 and only 1.2 million for 1966 which was the srrfalle$t since World War IL $ut the National Association, of Home Builders isnt that a w . t V 0 the Housing . ft Development ment to get faster action. Even 'got die Federal Housing Administration to revise the ground rules to insure mortin high-ris- k ghetto gages chinery is urgent need. Thus despite a pinch in corporate profits, capital spending will continue to hold the present pace with a slight gain for" An pushing Urban WASHINGTON (Special) Sen. Frank - E. Moss, said Monday in a ' letter to Finance. Committee f Chairman Sen. Russell B. that he supLong, ports import restrictions on lead, zinc, dairy products, 1968. In another segment of the economic picture, The busifor the ness look-ahea- d cbsmetic trade faces in one direction: Upward. There is no sign of an . abatement in eagprness to be more attrac- areas. Now HUD is giving preference to .those applications for public housing that carry a fixed promise to start construction no later than Sept. 30, 1968, a month before the Rein-Election presidential statement of the seven per cenr investment tax credit didnt 6tart a capital spending boom. But labor costs are g ma climbing and textiles meat, Production Of Steel mink and pelts. He asked . that Jijs views be added to the hearing record as the finance panel tive in more ways. Women are wearing mdre cosmetics morefragrance7 m o r e , h a i r accessories and are using more beauty products and appliances than ever before. cost-savin- Monday,- - October 16, 1967 60 D-L- deliberated a move to put a quota bill onto a Social Security tax measure. 'Unchanged7 By Strike CLEVELAND effects of the (UPITDespe mHIsHipmentsoflinisTied'steel-w- ill total about 83.5 million tons steel in 1967, Steel Magazine said haulers strike, producers are Monday. sticking to their prediction that eight-wee- k The metalworking weekly said the strike involving 15,000 steel haulers in a nine1 state area, had forced curtailments at steel finishing mills and fabricating paints. Mill executives think theyll beabietrmakeup'iosrship- ' - v wilUpaiss nap those. smooth, silent JLi, - . mewf(S8 cam's amdlbnny tMs fanny-seMiidlii- ni crames- - collapse, the magazine added. Steel warned, however, that even In the best Of circumstances, steelmen have a big job cut out for them in meeting the industrys no objec- Steel pointed out that fourth' quarter shipments will have to total at least 21.7 million tons to reach the 83.5 million tons shipped last year. This averages out to 7.2 million tons a month. Some f steelmen are blaming the truckers strike for a decrease in mill orders while others blame the normal first of - j . erf shipment 1966. & I 1967 tive. Mill shipments for September were down 16 per cent from August to 6 million tons, and 22 Der cent lower than the 7.7 million tons shipped in September of rt'V fit' - ments. Their hopes are pinned on a peace formula worked out between the strikers and representatives of seven of the nine affected states, Steel said. Rail transport has been bridging the trucking gap sufficiently to prevent any steel shipping f ; M Ing to the 200 Diesel. This is one economical 200 Diesel The extra sound a Mercedes-Ben- z . makes can mean lots cf extra dollars in your pocket at the end of a year. (And lots and lots of dollars at the end of a dozen years. It's a very durable machine.) The sound, the savings, and the durability all stem from the unorthodox way ft the Diesel engine works. If you're fed up with I cars that give 8 miles per gallon and frI need frequent costly tune-up- s and beg to ' he traded after two or three years, this . Kt, f f "offbeat" Diesel may be just what you're $ looking for. .And at $4493 it could be the shrewdest car buy of your life. car thats built to last. P'jr From $25,785 to $4,284 You may be able to afford a Mercedes-Ben- z without knowing it. Below are suggested retail prices for 7 of the 13 Mercedes-Benmodels: $25,785 600 Grand Mercedes ' . z J? . The 200 Diesel: Mercedes-Ben- z , V-8-'s ! -- its not. it doesnt look like an ordinary economy car, because diesel fuel when you need it, goes another. A Diesel pays for its economy by sound-in- g different, true. But the sound is only audible at idling speeds. Once underway, as CAR LIFE magazine found, "many unsuspecting passengers are surprised to learn that they've been riding in a Diesel Diesel fuel is sold wherever transports thats thousands of places across stop-a- nd the country. There are bound to be several such stations in your'eommunity. Remember, too, that your 200 Diesel is . designed and built to run up to 500 miles between fillings. (Thats further than the distance from New York to Montreal.) " densers. distributors or spark plugs to y. fiddle with or replace, your upkeep costs will compared with many gasoline AT ; ' plummet over the years. 2. Compared to carburetors, that Diesel ; injection systenHs maddeningly exact in ; metering fuel. Less fuel if wasted before it canbeburned. 3. The Diesel bums fuel more efficiently, too. Far less is lost by incomplete combustion than in gasoline engines. Every pos- t - sible drop is converted into energy to turn I ' the crankshaft. Up goes your milage. diesel fuel, not gas; 4. The Diesel bums oline. And it tan be bought cheaper than regular gas. Down go your fuel costs.t No economy touches Dont be misled by the 200 Diesels economical running costs into thinking that You may have heard that Diesels also bring . this is one more tinny little economy car. " Check closely; you'll find that the 200 Diesel some less welcome things. ' equals or beats other $4500 cars for com"They make an awful racket! goes one sells fort, finish and driving ease. i , beef. "You can never find a place that Whats the catch? . f 4,284 word on safety z cuit brake lines, disc brakes and other items have been standard equipment for years, too. But work continues to make Mercedes-Ben- i cars even safer both in and in protecting you if trouble, avoiding trouble should occur. things: carburetors, points, 4311 f pioneered many important' features, many years ago. Dual cirsafety Mercedes-Ben- k, con '5,143 A . g 6,011 6,568 tV4J Coast port of entry, exclusive of transportation charges, options, state and local taxes t any. The Diesel difference several dollar-savin1. With no 250S Sedan 230$ Sedan 200 Sedan In the 200 Diesel engine, there are no can buretors. No distributors. No points. No condensers. Not even any spark plugs. of? An automatic injection system squirts ' r t : diesel fuel through tiny nozzles jdirectly into the combustion chambers. tv.:.-- . Instead of spark plugs, compression heat frJ within the chambers ignites the fuel (and ; H r , the big combustion "bang that results is -- on t w Where that Diesel sound comes from). It may sound like technical gobbledy-goo: but this Diesel principle means vs,--.-- 9,210 230 Sedan , , 250SE Coupe 250SL Roadster Fori instance, there's every bit as much interior space as youll find in those big '68 dreamboats. Youre cradled in seats that orthopedic physicians helped design to foil muscle cramp and fatigue. Every 200 Diesel body is before painting. When it is painted, its painted three times and then No engine is installed until it passes a test run. No car is released until - Clip coupon for brochure . Find out even more about the 200 Diesel-c-lip and send the coupon below and get a color brochure. free, Or better yet, visit our showroom soon for a test drive in the Mercedes-Ben- z 200 Diesel. 28-pa- funny-soundin- g hand-finishe- d hand-rubbe- a squad of inspectors give it an d. .1 O.K. , . You conquer bumps with " z . . ' i . , - - - Defends Fund Contracts - WASHINGTON Char (AP) acter building is one of die important side benefits of front load mutual funds and other regulated savings plans, J. Edward Day, former postmaster general told a al House Commerce Subcommittee Monday. Days testimony came as sev- - ' eral witnesses rallied to defend ' the mutual fund plan from the Securities and Exchange Commission which wants to abolish Most ere officers of or represent the viewpoint of the Associ- atiud of Mutual Fund Flan Sponsors, Inc. SALESMEN KEY Day who is also a former Illinois insurance commissioner and a former senior executive of major life, insurance firm, drew a parallel between the controversial contracturaL plan and the merchandising of life insur- ance. Salesmen, be said, are the key to both industries and they must be adequately rewarded. The SEC attack, be said, shows a lack of appreciation of and, as a result, unjustified stultification of the whole system of providing incentive compensation to salesmen. SOCIAL VALUE And, he said, there is definite , social value In structuring any type of savings plamso that the saver is discouraged from with-- . drawing his payments before he ' completes the program. It takes ' character oq the part of a buyer to put aside some of his income on a regular basis rather than ' spending it aB. The SEC has objected to the system of deducting half of the first years payments for a mutual fund to defray the sales--' mans commission and other administrative expenses. , it -- unquali-fie- d a fully independent suspension system (the same type found on Europe's costliest sports cars). You stop squarely with froftt'disc brakes that don't know how to fade. And because the 200 Diesels body has been, we Wed together not just bolted you're, spared the rattles and squeaks that plaguet so many ' cars after a few' thousand miles. ; Mercedes-Benapplies 24 pounds of primer and 24 more pounds of undercoat- in the month sluggishness buving. None of the steel industry analysts look for an outstanding fourth quarter surge in orders, Steel said. The magazine noted some ign! that point toward improvement, despite the decrease in and orders. shipments Among them is the belief that customers are getting ready to increase their buying and service centers and are replenishing their stocks. could Such developments mean Increased demand for fill-i- n tonnage from manufacturers seeking to bridge supply gaos caused bv the strike. Steel estimated raw steel output for the week ended Oct 14 at 2,434.000 tons, unchanged from the previous week. To date, the furnace output is off about 8.5 per cent from 1966. Little change is expected in scrap prices until the end of the month when bids will be taken on plants from automotive scrap bundles. efwHgW m. Mede. o North " tab, toe., n J. ' 1 -- ' 't. KEN GARFF FOREIGN CMS, INC.,' 525 S. State St., Salt Lake Gty, Utah. Phone: (801)-328-;85- 43 , : i-V- : 7 - i - -- - A. t. ft ., i |