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Show : Cut by Steel Users NEW YORK — Steel users are apparently planning the most drastic inventory reduction in 10 years after Aug. 1, according to Iron Age magazine. Abrupt inventory cuts are rd to drop steel shipments below 5 million tons in August, oe ooeis ~ aestrike. I e low tipping Dou cin ie oe ea wa LOSE ow 9 7 r oh L = r $$ re F Lk cr t L c L t t 53 NEW YORK STOCK EXCHANGE 5) conemerie ei eed YH = x _ for the first seven montheof 171 were trimmed again last week when it was learned that June eee were under 10 million ” L tee 25 be = Fale + L ele re, AMERICAN STOCK EXCHANGE 2 under 83 million tons. With July shipments now APRIL JUNE leading indexes on United Press International pegged at about 8 million tons, th shipments MAY “MAJOR STOCK market's performances during week ending July 23 are shown in two ‘ JULY chart above. It was a week of mild fluctuations andslightly downward trend. Sonne omy . sai empiae satut ° Labor News on Center Stage 3 The United Steel Workers and But the day before, Vice may only be 10 million tons or, Labor developments in na- industry's labor contract exslightlyless. tionwide industries were at the pires July 31. cooling in 1!.S,-Chinese relations would hasten peace. On the adjustment could be faster than A tentative contract settle- a contract for 680,000 workers expected — if there is no further Ment ended a weeklong strike in seven unions, giving them Hugh Scott said he believed Nixon's decision to visit Peking However, it now seems likely that the excess stocks of steel] The Week in Fevien By C. W. United Press international In that case, the inventory ‘0p of the news this week. the “big continued nine” producers President Nguyen Cao Ky of otiations. The South Vietnam predicted the The U.S. Postal Service signed same day, GOP Senate Leader erosion of the economy, notes against the Bell System. Most large wageincreases. _ would mean U.S. combattroops Iron Age. workers returned to work, The conservative magazine ould be out of Southeast Asia Steel Executives are still although some locals resisted. National Review published what by Mav of next year. hoping that the first-half isappointments will mean that +h more business in the final five months of the year. One forecast calls for shipments of 29 to 30 million tons in the period for a total of about 91 million tons for the whole year. It’s noted in this connection, Talks continued in Washington to end a strike by the United Transportation Union (UTU) against the Southern and Union Pacific railroads. Settlement was made with the Chicago & North Western Railway, but that was not expected to set an industry pattern. tern. The strike was scheduled to it said were excerpts of “highly classified documents” about the Vietnam War. Editor William F, Buckley Jr. then told why the article was so exclusive: the staff had made it up as a hoax. President Nixon asked leaders of Congress to do wat ed could to si his trip to Communist ‘chia it bring about a quicker settlement in Vietnam. voluntary import quotas prior to spread to the Southern Pacific migh the September36 deadline for an and Norfolk & Western lines. East and Gulf Coast joremen’sstrike. This,too, will supposedly aid domestic steel sales in the final five what happens to water in the Tepecata hours oe Colorado basin,” Doriovan " said, Pesoon John Howard Payne wrote There were no real banks only the words for “Home are ee The music is in colonial days. Banking in y Sir Henry R. Bishop, who the United States started in Sdspted!it from aa old 1782, with the chartering of the Bank of North America. no NOMSOnE will oly Week in Review user-stocks being in the rangeof 34 to 35 million tons, about 12 or 13 million in above normal, President Jaafar Numeiry of the Sudan was overthrown, but four days later the coup was put down and he was back in power. He declared a state of emergency and ordered a golem anes an ee executed Friday. ? ; f- Climb for 6 Months SALT LAKE CITY Earnings of Mountain Fuel Company and for calendar 1971, particularly subsidiaries for the first six tacenne of increases in the cost months of 1971 and for the 12 cf purchased gas and other cost morth period ended June 30, increases, 1971, were above earnings for Viet Veteran the comparable periods a year ago, it was reported Monday by Jobless Decline M. M. Fidlar, president. For the first six months of WASHINGTON (UPI)—The 1971, earnings were $6,188,346, or unemployment rate for Viet$2.44 a share, compared with nam era veterans aged 20 to 29 has declined from 11 per cent at least at the present time,” $5,159,128, or $2.03 a share for the same pericd in 1970. For the 12 in February to 8.1 per cent in James C. Donovan said. months ended June 2%, 1971, June. He made the statement at a earnings were $8,441,362, or $3.32 The Bureau of Labor Statispublic meeting designed to test ashare, compared with earnings ties said its latest figures the public pulse to dam up the of $7,553,410, or $2.97 a share for indizated the unemployment Green River. the 12 month period ended June rate for male nonveterans in the same age group also fell, “This is the last in a series 30, 1970. The sheresused to state from 8.7 per cent in February of public hearings, but only the the earnings per share are to 7.8 per cent last month. 2,54F.312, first step in eventually deciding Programs set up by the Utes be about 61 million tons, Steel companies had expected 64 to 65 million tons. init, HISRALD, Provo, Utab—Page 27 GasFirm’s Earnings CASPER, Wyo. (UPI) — ea of the district us Ss. FORT DUCHESNE, Utah — ArmyCorpos of Engineers said! The Ute Indians have gone into Tuesday he did not see any business for themselves with financial help from the National apparent reason for the federal Alliance of Businessmen (NAB). projects along the Green Kiver, ‘The recent signing of a NAB“I would say at the moment JOBS coniract nas enabled the wits the sparcity of population Utes to set up training programs in Southwest Wyoming and the whichwill lead manyto full time lack of flood damages, the federal projects are not justified, is completed. carpenters, small engine repair, electricians, pipefitters, bricklayers, upholsterers and riverruners, Along with the OJT program, they must attend classes whichconsistof 50 hours 7” vin Age says price-hedge buying was supposed to lift June suipments above 10.5 million aeeG brought For Job ee Training programs (OJT), are set up fer The decisive inventory swing boom that is falling about 3 miltion tons short of earlier eae estimates of steel shipments will come after a stockpiling Sunway, July 25, 1971 Says Projects AlongRiver Not Justified ee ce shipments totaled 4.5 million eeive bh . Utes Sign Supply Mr. Chop-chop Fidlar said the higher earnings were the result of DETROIT (UPI) -. Wayne continued company growth and improved earnings from oil County (Detroit) purchases a properties and from wholly- lugetree-eating machine which owned chemical and ceramics local communities will be able to use to ave with the subsidiaries. Mr.Fidlarnoted that calendar mounting problem of disposing year earnings usually decline of dead trees. The machine from earnings reported for 12 reduces a large tree to saleable wood chips within minutes, sr Inventory il 658 No.[STATEOREM, FEATURES FOR eee oe, Bey 26, 27, &oRaN Fresit RADISHES ONIONS 5 FIRM HEADS LET IUCE he IceCREAM 2OF AS EGGS 3/85 No.1 GRADE CARNATION CHUN: TUNA ok HQvID DETERGENT WERSHEY INSTANT nt OA Zhan COC TOILET 8° ne a s Els... 494 jb. ISSUE | — » Idaho Areas Hard Hit By GrasshopperIn festation There is some evidence that months. the weak August ordering picture reflects big inventories rather than a general sconomic collapse, according to Iron Age. on Motors has madeonly small purchase for August company ly plans to take twothirds he its immediate production needs out of inventory. In the past, the auto companies have usually cushioned the inventory adjustment by placing new orders for 50 percent of their needs, Tt mayall be for the best in the end. But as of now,the pattern is one of gloom and disappointment. ‘The first half failed to measure up to expectations. The final leg is starting slowly. Utahn Named To National Committee CHICAGO — L. Eugene Clissold,Salt Lake City, ape of State Savings and Association, has been Paced to the nominating committee of the United States Savings and Loan League, it was announced here Friday by Norman Strunk, league executive vice president. . Clissold is also a raember of the board oi directors of the US. League. Earlier this year he retired as president of State Savings. He has served as president of Utah Savings and Loan League and in other positions of leadership in community affairs and the savings and loan business both in Utah and in Hawaii, where BOISE (UPI) — Gov. Cecil D. Andrus said Friday he would, if asked, seek a federal disaster declaration to combat what Agriculture Commissioner Oscar Arstein termed the “heaviest infestation of grasshoppers in the history of this state.” Andrus and Arsetin told a news conference that Adams, landowner and the state and federal goernments. The spray being used is malathion, which Arstein said was ordered by the state in June, with the first order for $70,000 worth of the chemical with a continuing order thereafter. Andrus said the state was paying just over $6 per gallon, Washington, Gem and parts of compared to the $17 per gallon it would cost a private landowner to buy. Arstein said some 600,000 acres cf land have already been sprayed under the program. Andrus said in one instance, Washington County private landowners signed up for the spraying July 10 and the spraying began the next ¥ Frankly, we anticipated and tion is sought, he will in furn forewarned the People about make the request to the federal this last winter,” the governor government, which he said said. “Our problem now is that Boise counties appeared to be the most tadly hit by the insects, but said there were isojateq infested areas in other parts of the state. Arstein indicated he understood landowners may approach the governor for such a declaration “‘sometime today and tomorrow.” Andrus said if such a declara- could supply spraying and “somerelief if the people have ‘The problem seers to be afhad their crops destroyed.” State and federal officials fecting alfalfa and grain crops, toured the infested areas in along with range land. Arstein said, however, some private landowners, although warned, did not anticipate such said later, “There isn’t any a heavy infestation and therequestion that the people have a fore did not sign up for the program. Because ofthat, he said, real dire problem,” 18 Ib. HEAVY DUTY | MULTI-SPEED 4-CYCLE WASHER an Exclusive GE BASKET” Quickly and economically washes small nuisance loads of left-overs colored items that may Andrus and Arstein both said the state is “behind schedule” landowners had been warned in its spraying. that the grasshoppers were in- Money for the state's portion fested, but Arstein said to date of the spraying operation comes some private landowners have from $35,000 appropriated to the 50! not signed up for a cooperative Agriculture Department by the state-federal-privateprogram. Idaho Legislature based on Under the cooperative agree- warnings of the infestation and ment, the federal government from the emergency fund handwill pay the total cost of spray- led by the governor, ing on federal land; the state Arstein said there was “some will pay two-thirds and the fed- type” of infestation in many eral governmentone-third of the areas other than the most heavcost of spraying state land; and ily-infested areas, adding if all by Neg Cochran 00K!1’ BORROWIN' YOUR HALLELUJAH!A STEP IN THE: HANWAES FROMYOUR, OWN PERSONAL TOOL DRAWER: DOT ETL TLL BE USIN' iT FER IS HNETOLISTEN TOW MINUTES OR SO, AN' TO \x ARGUE Al KEEP THE PEACE TLL le TH. CALL YOU TO WITNESS MY PUTTIN'IT BA WEN TMFINISHED:oe) Me / Wash!Permanent Press! Soak! and speedy 10-minute \, Mini-Quick™cycle! . O Wash, spin speed, water temperature and level selections! OBleach dispenser! C Filter Flo" system traps lint fuzz! run or specials like GET A MATCHING GE DRYER TO SPEED WASHDAY! 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