EARNINGS OF $55.8 MILLION
NEW YORK <JP) — United States
Steel Corp. yesterday reported first
quarter earnings of $55.8 million,
nearly double profits of the de
pressed 1961 first quarter, but less
than half of the earnings of the
kbustling first quarter of 1960.
The earnings came to 91 cents a
^hare, ample to cover the regular
quarterly dividend of 75 cents on
common stock. Directors declared
the customary dividend.
Profits for the period just end
ed compared with $32 million in
the 1961 period when the economy
was at the depth of the 1960-61
recession, and $112.6 million in the
first quarter of 1960.
Income in the first quarter re
presented 5.7 per cent on sales of
$987.2 million. The level was
identical with the corporation’s
showing for all of last year.
WILL BE DELAYED
LOS ANGELES W — Grace
Kelly’s return to the screen will be
delayed until next year, says pro
ducer Alfred Hitchcock.
Miss Kelly, who retired from
films to marry Prince Rainier of
Monaco, was to have appeared in
Hitchcock’s production of “Mamie”
in Hollywood Aug. 1.
Hitchcock, now filming “The
Hurds,” said Monday there would
not be enough time after comple
tion of that picture to allow ade
quate preparation for the Princess’
Vj JLv t
3,699 CRIMINAL PROCESSES
JUNEAU Ufi — Alaska State
Police served 3,699 criminal and
civil processes during the first
quarter of 1962, an increase of 31
per cent over those served in the
first quarter of 13G1, Public Safety
Commissioner Martin Underwood
said yesterday.
Property seized by the courts
totaled $639,158, as compared with
$431,183 during the first three
months of 1961.
Six traffic fatalities were report
ed for the same period throughout
the state as compared with two
last year.
Fire fatalities were down sharp
ly this year, with 8 reported for
the quarter as compared with 21
last year.
Egan Vetoes Tidelands Bill
JUNEAU m — Gov. Wm. Egan
yesterday vetoed a bill, HB375,
which would have required the
state, upon the transfer of tide
lands to a municipality, to repay
the city for any sales of sand or
gravel from those tidelands.
In his veto message, Egan said
he was in agreement with a mem
orandum from Natural Resources
Commissioner Phil Holdsworth re
garding the bill which stated:
“It does not seem reasonable to
require the state to absorb the ad
ministration costs of such gravel
sales and at the same time put
sales revenues into escrow for pay
ment to the cities at some future
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Miners and Merchants Bank of Alaska
— BRANCH OFFICE IN KOTZEBUE —
“The friendly Bank”
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Soviets Orbit
Newest Sputnik
MOSCOW UP* — The Soviet
Union put another scientific satel
lite: into orbit around the earth
yesterday as America’s Ranger 4
sped through space toward the
moon.
It was the first time the two
powers had launched space vehicles
so close to one another in time.
The Russians said their newest
Sputnik, Cosmos III, carried sci
entific instruments to continue the
Soviet program of outer space ex
ploration back to earth.
“The radio telemetric informa
tion received from the satellite
shows that the instruments are
functioning normally,” Tass said.
Cosmos II was the third Soviet
satellite to be launched since March
16 after a long period of Soviet
inactivity in space. Cosmos I was
launched on March 16 and Cosmos
II on April 6.
Announced aims of the new So
viet program of space research in
clude investigation of radiation
belts and meteorites around the
earth and the dangers they may
hold for space travelers.
Tass said first estimates showed
Cosmos III was close to its planned
course and orbiting the globe
every 93.S minutes. It said the
orbit’s inclination to the plane of
the Equator was 48 degrees 59
minutes, its farthest distance from
the earth 448 miles and its closest
142 miles.
News of the American moon shot
was withheld in Moscow until after
the dramatic break in Soviet radio
programs to announce the launch
ing of the Russian'satellite. Forty
minutes later Tass told of the
American shot in a 50-word dis
patch from New York.
Mrs. Haxel C. Kirmse Passes
SEATTLE iff} — Mrs. -Hazel C.
Kirmse, 77, of Skagway died in a
Seattle nursing home Saturday.
Mrs. Kirmse and her husband,
Herman, founded Kirmse’s Curio
and Jewelry Store at Skagway in
1897. Kirmse died in 1912.
Friends said Mrs. Kirmse was
the first woman issued a driver’s
license in Alaska.
Funeral services will be held
here Thursday.
Nome Directory
—
Northwestern Alaska
Chamber of Commerce
Meets Every Monday Noon at
North Star Dining Boom
Pete Walsh, President
ALASKA CHAPTER NO. 1
Order of Eastern Star
Pearl Bohrer
Worthy Matron
Bev Morgan
Secretary
Meets First and Third Mondays
Anvil Lodge
No. 140
Cart Mlckelson, W. M.
Norvln W. Lewis, Sec
Meets First and Third Thursday
Of Each Month
Name Rotary Club
Herb Jenks
k..te ' rissl.lnnl
Marc Be&uchaxnp
Secretary
Wednesday Luncheon
Parent-Teachers
Civil Air Patrol
IVarthwaatssa Onuy
Noma Cadet Squadron
Ml Tft Jsasa Joast Gkndr
~ Thursday hot pjn.