Evening star., 1934-11-14
BUSINESS EXPANDS
BY 10 MILLION
Expenditures by Large
Firms Reflect "Construc-
tive" View of Future.
BY the Associated Press.

BY the Associated Press.
NEW YORK, November IA
favorable straw in the economic wind
appeared yesterday in tabulations of
expenditures for expansion of out
standing major industries, largely ex-
penditures OF idle cash.
figures tabulated by Standard Sta
tiSticS Co. show nearly $4,000, 900 of
capital expenditures by l9 companies
either undertaken or planned since
the first of this year. This the COM
pany believes is significant Of def
mite evidences Of a constructive fu-
ture viewpoint"
1t is pointed out, however, that 1T
is doubtless too early to assume,
merely because certain leading strong
companies are using idle cash assets
to expand or improve plant facilities,
that a rapid trend in this direction
on the part Of industry generally will
develop"
Heading the list is the Ford Motor
Co.. with plans to spend about $l3.-
100000 for two large steel mills and
S2,000,000 for expansion of the River
Rouge plant, both items being in
cash Also in the motor division Is
Packard Motor Car Co. with plans to
spend about S62OO.o 900 cash for plant
reorganization to include the small
car division.
New Alkali Plant.
T., tbo obon,;coI Iiuiciop Alliad
Chemical & Dye Corp. plans to spend
more than $4,000 900 cash for a new
Alkali plant at Baton Rouge, La,
and American Cyanamid is putting
81 100000 in cash and new bonds into
the new alkali plant at Corpus
Christi, Tex.
E. l. du Pont de Nemolrs & Co. Is
listed to spend Sl0,00o.00o cash in ex-
pansion of its Argentine plant and
SIS 900 900 cash on its plant for max
ing solid urea at Belle, w. Va. and
an addition to its Ampthill, Va, rayon
pl2nt.
Metheson Alkali, through sale of
stock is listed for 81 900 900 expen-
diture on new alkali plant ct Lake
Charles, La, and Union Carbide &
Carbon is down for S1000G,000 cash
for its synthetic chemical plant at
Whiting. Ind.
The next most important division IS
sUol, where four companies are listed
for a s27 600, 900 expansion. They are
National Steel. s12.00O.000 cash, con-
tinuous type sheet mill for Great Lake
Steel Corp; United States Steel.
q ocl, hnt
strip mill for Carnegie Steel Corp;
Wheeling Steel $2,500,nO0 cash, cold
rolling mill at Yorhville. Ohio;
Youngstown Sheet & Tube. $4,000, 900
cash. continuous wide strip mill at
Campbell, Ohio, and s2.500090, prob
ably through sale Of bonds. for new
cold rolling mill at Camp bell.
New Refinery Planned.
In the oil division, Union Oil OF
California is scheduled TO spend ST.
600 900 cash to build new lubricating
plant at the company's Oleum Re
finery: Socony- Vacuum Oil. $4,000, 900
cash. construction of two oil tankers,
and Standard of California, $4,000 900
cash. new oil pipe line from San
Joaquin fields to Estero Bay Terminal:
Other expenditures made or planned
include Standard Brands. $4,000 900
cash, new building for manufacturing
and storage; Distillers Corp. Sea
grams, an unnamed amount In an
exchange of stock for acquisition OF
Lawrenceberg. Ind, and Maryland
Distillerias; Hiram Walker-Gooder-
ham g. Worts, $4,000, 900 cash and
bank loans, plants at Peoria. Ill. and
elsewhere; Celenese Corp, 81 ,00O.0OO
cash, and Industrial Rayon, an in
definite amount Of cash, both Tor
plant expansion.
While it is agreed the listing Is in
complete, tits taken as evidence that
the larger organizations are willing to
risk their capital during time when
many doubted that confidence had re-
turned to the industrial community.