The two numbers designate the viscocity at different temperatures. The first number is the viscocity when cold. The second is the "effective viscocity rating" at operating temperature.
These are not absolutes, they are relative to temperature. That is to say, with 10W-30 the oil is not 3 times thicker at operating temperature, it is simply a light 10 weight oil when cold that stays at thick as a 50 weight oil would at operating temperature.
The reason you do not want to use 5W-30 when it's warm outside is that the oil is too thin at cold startup to provide good protection. The reason you DO want to use it when it's extremely cold is because the 10 weight oil will get TOO thick to provide proper lubrication during a cold start.
You shouldn't "dump" used oil ANYWHERE! Call around to local garages and auto parts stores and see who will take your used oil for no charge. I think most of the major chains will these days.
[This message has been edited by Lud (edited 17 April 2001).]