davidaulloa/AmericanStories huggingface dataset:
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17

PLAYS BIG PART
HOUSING MEN

Indications that many industrial
wofkess are beins housed IN older
hoanes that have since been mod
ernized under the Federal Hous-
ing Administrations determination
Credit Plan are seer In the recent
impetus felt By PHA's moderniza-
sion business.
Converting older houses into light
hoasekeeplng flats and moderniz-
ina old dwellings to care for ROOM
ers Is believed 70 be playing g large
part IN the defense housing pic
ture.
Not only are old structures made
comfortahle for industrial workers
but these houses are put into > po-
Ation to pay higher dividends when
improved Funds for improving
older structures are obtalnable
rom lending institutions qualified
by the Federal Housing Administra-
ton.
Since lending institutions do not
report or individual loans except
o. 3 monthly basis. II Is difficult 20
obtain an exact picture Of the de-
velnpmenf Of this trend but most
buIIdine observers In large cities
repoTf thai Il Is substantial
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17
COTTON TAKES
PLACE IN HOME
CONSTRUCTION

Noble, AlA-Cottons durability
Is giving additional value to ply
wood tn two new building products
which are soon to 80 into produe-
ton here
A weatherproof plyw0od sheath
ing faced with cotton fabrics. and
q flexible inside wzn covering built
up Of veneer around 9 cotton fabric
sore are the two new cotton-and-
wood construction materials.
To Be produced hy VA Of the
country's oldest plywood companies
the sneathing panel and val GOV
erfng VIII consume substantial
quantities OF cotton In the opinion
Of a company official Chief feat
ure OF the products Is that while
Simplifying construction procedure
they involve no radical changes In
building practices and are easily
adapted to conventional architec-
tural design and methods.
The sheathing panel Is expected
70 replace ordinary clapboard sid
ing At less cost and improved per-
Torrance. The wall covering Is de-
signed to give the effect and ap-
pearance Of rich wood paneiling
ct exceptionally low cost.
One unique construction feature
which Is expected to speed use OF
the sheathing panel is q patented
method Of locking the panels to-
bother against the studs TO make
= weather tight wall
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17

sGsroo cwk!ling units n 1893 ard
soc coo IN t0Z. Thus. more Tran ,
mslsnn 0weiisnR ua1U were pgndnr-
ed II 1883 and 1880
Tr1e important contribution o. the
FT4F Ensured Fnnasgage program 20
TINS sharp revival IL fiozne uuu-
kfrurstou il Demonstrated b the
steadily broadening proportion q
hoTsx naildifsE tnAt Is being ftnauc-
&c 81 FHA-inNured loans the Ad-
E~niuassrAtor SAID
II 1870. approximately $4,000
neH small homes were completed
or started under FHA inspection a.
cuxngared with Is7npo ~ lp2g The
gain q about n percent over Iaze
IL new hoTne construction encef the
FEfA program compared with the
increase Ct II percent IN total con-
~stsactaon q new dwelling uniis
Wen ovrr 20 per cent Of she ne0I
single family homes built IN te4o
representing the FHAx primary
fie1d OF upeFHttunN were financed
b. FHA-iuSureG leans n many
important Industrial areas. upwards
Of So percent OF the neW single
family homes are being ffnaszcec
through tae facilities Of the FKA,
WITH additional amounts being an
onierowth q the FHAt activities
wh1e basic conditions appear
favurahie for sustained peak aetly.
tty IL neu home building. the pack
Of operations IN ie4l also viii BE- In
fh1ence6 b. Developments arising IL
connection uash the national de-
Tense program. Mr Ferguson De.
ciared The possibility therefors
must be recognized he SAID. that
emergency cefense construction
nne1s, such a. army barracks anc
environments. may produce tempor-
AIRY xts1nReueiex u supplies Of build
ING materials ard labor.
T1ae Administrator suppressed con-
fidenee. however. that for 1871 ~ =
whole the facilities 81 the building
industry viii prove ample 20 meet
al present requirements o. the de-
fensn program without hmpedins
new home contribution
Moreover. the neN housing DE-
mands arising IA key industrial
areas where defense industries arr
rApsdly expanding their empaoY-
ment VII lcreAte important new CIT
let's for profitable investment OF
private funds Ia new home con-
xtfurfl0n. Mr. Ferguson said
Already THIS movement Is reach
ing impressive proportions During
the CLOSING months Of $50. neN
homes started under FILA inspec-
tlon Ia important defense industry
regions showed increases Of more
than 50 percent over the hke 1855
pefaod. with gains la individual
areas ranging ~ high IS las per
cert Anntheg promising u2f 81
private funds la these localities d
the modernizns1on Of old houses or
tlae conversion Of large klngie-fami-
~ houses into multi family dwell
inFs through property improvement
loans insured By TIE FHA
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17

This large ssHeeo house fol-
tnws a general exterior style
traditional for this type Of ar
ehitecture. Ii contains three
hnsirooms. a large living room
With fireplace dining roam,
kitchen. bathroom, and garage.
This house was financed with .
mertgage Of $500 insured by
the Federal Housing Admins
fraaion. Exclusive Of taxes
and hazard insurance. q 15-
year mortgage of this amount
when financed under the FLA
plan requires average monthly
payments OF approximately SIS.
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17
E
CONSTRUCTION
TO CONTINUE

washington. ID C-New rssiden-
TAI consrrnctton n tire United
States during lesi i likely 90 con-
time II TIE hlgiasss leveis since
ts9s rsderal Housing Adntu1stss-
ct Aknsr II Ferguson Declared to-
oMy.
N vtes Of the upward trend Of
employment and purchasing poweT
throughout the country and the ex-
istz,ce q ample credit Supplies O.
favorable terms. Mr., FsFguson said
tae probabilities are thai the
American home building industry
during tse coming year VIII a. beast
maintain the paee reached n 1870
when approximately ssS0on new
0weiltn9 units were builL according
70 an estimate q the Bureau o.
Iabur Statistics
The output 81 new housing ae-
cozzmoaattoaa n feSe st . f2-yeaF
hin reourd ard compared with
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17
FILA MORTGAGE
HOME
WILL

Washington. % c-wi6e gains
over = year ago In recent FHA home
mortgage insurtng activities indi-
cate tnat residential building viii
get off 20 . fast start thx year
Federal Housing Administrator
Abner Il. Ferguson said to-day.
During the four weeks ended De-
cernber %. applications for mort
gage insurance on new homes 70 b
built under FHA inspection showed
an increase OF "A percent over the
ike period Of 1893 as compared with
a 10 percent gain in November. Mr.
Ferguson reported In the week
ended December Is. the gain over
last year wnz about IS percent.
These applications. which provide
Al accurate barometer o. future
home building activity. covered APP
prcximately fi.T60 new small homes
tn the December period or N ay-
erage Of almost 5000 q week. q
compared with sAse IN the cores
pending period Of 1888. They rep
resent more than half Of al private
single-famtly homes being planned
Although there naturally has
been 4 seasonal curtailment from
the peak building season Of ths
summer and early fall, the xhArs
increases IN current new-home ap.
plications over last years levels In
dlcate that new residential con.
| structton In the coming weeks vii
be ct the highest winter level In tn
last Il years" the Administrator de
clared-
This trend Il particularly crafty
ing In view Of the new housing need
being created BY the nations In
tenaive defense production effort
The sharpest increases over Q yea
ago In new home construction
under the FLA program are occur,
ring In the vicinity Of important de.
tense industry centers where IN
dustrial employment Is expanding
rapidly
Coincident with the strong trent
IN new-home applications. nev
homes started under FLA inspec.
ton also have been showing impress.
slve gains ~ q year ago. In ths
week ended December 28. the gatr
over last year vas &c percent. willis
for the four weeks period the gair
amounted 70 Is percent.
Approximately $50 new small
homes we're started each working
day under FLA inspection during
the four weeks. The total for tbs
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17
HOMES
CONSTRUCTED
DURING 1910

WaxhfnRtcn . C-Cunstructlon
q approximately fT0.ooo uew small
homes h&s been financed through
the FHA program thus far II 1890
FEDERAL Housing Administrator
Abner II Ferguson announced to-
cay.
rur the first eleven and one-half
months Of the year. preliminary re-
ports kllow that about 10000 new
homes have been started under
FnA inspection This breaks all
records for new construction under
the FLA program. In 1888. the
previous peak year. $4,000 snail
homes we're built under the FLA
program
TING vital role which the FHA has
paayeu III this years expansion In
new residential construction 70 .
i2-year peak Is shown by the fact
that vel over &C percent OF ell new
sineie-iamily homes built this year
are being financed b. FHA-insurcd
loans tie Administrator declared
In many localities particularly
those where Industrial operations
are expanding rapidly. consider
ably more than half Of al new
home construction has come under
the FHA program. he added
The vafne Of tie new homes built
Under the FLA program this year
totals approximately sT5000o. 600,
exclusive a the owners equity IN
the new properties Thus. the FHA
program has provided al important
outlet foT new investment b pri-
xate lending institutions as well a.
= major stimulus 10 prosperity IN
TIE building indastsy III Ferguson
asserted
since the start Of the FHA
program IN 1884 more than 3 hall
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17
Family Income
Should Govern
Cost Of Homes

IL discussing the iow-eost hous-
Ing program. Federal Housing Ad-
minlstrati0n officials assert Bat
ilae relationship between the family
income and the amount Of money
that q family can spend for shelter
Is close and well defined.
The amount Of income is fore
most; regularity and certainty fol-
low. Other factors are current
and future set expenses and mis-
ceilaneoas expenditures
In supporting the popular theor1
that nc more than twice OF at the
most Two and one-hah times the
actual annual income should BE-
spent for q home. FHA officials ex-
plain that an average family with
an income Of $1,000 q year might
safely invest IN q 5000 house.
Putting Il differently. the family
would Dc justified in spending one
fourth 70 one-fifth o. the monthly
income for housing expenses
In this way. with q 500 monthly
income SIS might be used for paw
faenis. lisht. heat taxes. and other
expenditures
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17
LrNoLRum WALL FINISH

Linoleum wall coverings are re-
cent innovations IN house interiors
When properly installed they have
the advantage Of high durability
and are easily cleaned. Funds for
doing over walls may be obtained
from approved lending institutions
under the FLA modernization credit
plan.
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17
LUGGAGE STORAGE

For the storage Of trunks and
luggage IN the cellar. q clean dry
rooom Il essential. FLA officials
says. However. where It Is some
times difficult 70 keep the basement
dry, racks may be built to hold the
trunks Or luggage high enough off
the floor TO insure against damage.
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17

period was in excess of I0400. as
compared with e.Ise In the cor
responding period Of 1889. In addi-
ton. several hundred new small
homes being financed BY loans In
sureu under Title I OF the National
Housing Act were started under
FLA inspection
The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1941-01-17

million new small homes have beer
built OF started under the FHA
program iof purchase by American
families or the easy monthly terms
made possible by the FHA system
Of long-term lox -interest home
mortgages.
Evening star., 1941-05-22
Specials in Ruqs

IA Sea Grass Rugs, 9x12 foot only S7s5
Gold Seal Congoeum Rugs 9x9 foot Discontinued patterns
Were S595
"a Cotton Hooked Rugs foot Excellent patterns
Were S495
Imported Hand Hooked
25 Baskeweave Fibre 81
Belgian ALI Sa Rugs 9xl2 foot Blue solid coors
interrupted stripes Were S22 95 S1795
IL BaSkeweave Fibre Several
foot size Were S1195 ---- ---.-
Felt Base patterns
Square yard 29c
Seamless Administer Rugs, 9x2 foot patterns
s3450
Wilminster Rugs, 9x12. s54 so Observation-Disclosures $3.50
The Paiais Royal Rags Fourth Floor
Evening star., 1941-05-22
Rayon Undies

30 Munsingwear Rayon Gowns and
Pajamas, sizes IA and Is. Were
Sl59 81
IS Lisle Merode Union Suits, small
sizes. Were ST.. for ------ 81
so Pure Silk Munsingwear Briefs,
Pants and Stepins, broken size
range. Were 69c. for -- 81
l Silk Pantie GirdIe, small size.
Was S295 ---$l.95
The Palais Royal,
Rayon Underwear -. First Floor
Evening star., 1941-05-22
Neckwear

100 Pieces White Neckwear, frilly
or tailored styles; revers busters
and jabots. Were soc c--- 29c
50 Blouses, dressy or clasic styles.
Rayon sheers and crepes. Long and
short sleeves. Were 50 and So S1.39
35 BIouses, long and short sleeves,
mostly tailored styles. Were sl.l9
and 81
Tie Palais Royal,
Neckwear First Floor
Evening star., 1941-05-22
GLOVES

IL pairs Novelty Bemberg Rayon
Gloves, brown and chamois. we're
81 " Acc
43 pairs Bemberg Rayon Gloves.
8-button length. Pink and blue.
10 pairs Capeskin Gloves, were
s1.s5 - S1.3s
25 pairs American Beauty Doeskin
Gloves, were s295 S1.50
so Pairs Bemberg Rayon Gloves,
moss green and yellow. Were 81,
10c
The Paiois Royal.
Gloves First Floor
Evening star., 1941-05-22
Linens Domestics
oSC1 L. SnG D>II
$3.50 to 500 Reduced

10 Turkish Wash Cloths, 10c --------- for 25c
102 Dolies linen cotton. Trimmed with hand
broidery lace Were
dozen All Linen Hand Embroidered Napkins Were s6ss
S5.98
20 inches shades
$50 Imported Crash Napkins, checks Were 10c Sc
All Wool Blankets, slightly soiled Were $69 S5.98
Luncheon Cloths 52X52 inches. Were
Doies,
All Wool Blankets, soled Were $1098
10 pairs Embroidered Pastel Pillow Cases ST. Pair 79c
Coil Spring Covers, twin Were s250 S1.79
Imported Linen Banquet Cloth with napkins Was s2 0 $3.50
The Palais Royal. Linens and Domesies Second Floor
Evening star., 1941-05-22
China and Stemware

French China Dinner Service for H. with pieces.
$3.50
Recently $50
China Dinner Service for r. SO pieces. Was s4e50 s35
$50 Pieces Crystal Stemware plain diamond optic Sherbe
let's footed glasses included
The PaIais Royal, China . . Fifth Floor
Evening star., 1941-05-22
Curtains Reduced

100 Pairs Novelty Curtains assorted styles Table stock slightly
soled $198 S1IS
300 Yards CretOnne 48 inches wide Was
30 Yards Coored Mosquito Netting 15c SC
SO Yards RayOn Tetas and Satns; 79c 81 yard
so Rayon Cord Valance Sets sec to csc 19c
S8 Dining Room Chair
200 Pairs Odd Curtains
The Palais Royal, Curtains Second Floor
Evening star., 1941-05-22
Housewares Reduced

100 Bubble Bottles with 20 res Make delicious fruit
sparkling drink Bottle made stainless steel
1928 $I.59
2 Chrome Plate ridds Also few deep Were 81 9 39c
40 Extra Combnets white acid resisting
ST. 49c
IA Electric Kitchen Vena0rs adjustable fit most size windows
8-nch s398 $289
2S Floor Dustmops, with long handle Were 49c 2sc
Racks 81
% New Chimes 81 69c
100 Clothes Props, made of redwood Were 9c-3 for 29c
500 Rolls Dual Tissue, 1000 roll 29c
80 Covered Chicken Fryers
The Paiais Royal, Hoasewares First Floor
Evening star., 1941-05-22
Furniture Reduced

Is Folding Metal Chairs left from bridge Padded
is S195 ---------------- ----- 49c
Mahogany Finished Night Table, drawer sample
Lawn Umbrellas complete with pole Floor samples
s6 95 S9.9
Living Room Suites and chair Floor samples
$I39 ------------- $780, s8s
Lounge Chairs leatherette
filed cushions Were S3795
Occasional Chair solid mahogany
tapestry Was S24 95 S495
Boudor Chair, background cretonne
Floor sample. S1995
DopIeaf Tables Duncan Phye style; mahogany
wood Were Sl1 95 Observation-Disclosures S695
Dresser finish Hanging handles.
Was s49 95
Modern Vanity with large plate
gumWood S39 95 S495
Wing Chair maple with
Was S21e5
spring cushions cotton tapestry
--------- S4995
BOudo Chair cretonne covered loose cushions Colonial
Floor sample. $685.
Wood Beds style: walnut
The Paiois Royal Furniture Fourth Floor
Evening star., 1941-05-22
Sportswear Specials

Play Suits. Sizes - to 49, Were s395,
s2.s7
IS Sweaters, white and yellow. Were
S195 -----.--- 81
30 All Wool Skirts, broken sizes and colors.
Were 1895 and
The Palais Royal
Sportswear .. Third Floor
Evening star., 1941-05-22
TOILETRIES

IL Williams Shaving Bowls, were ST SOC
16 Rit, we're 10c SC
8 Perfume Sticks, we're 75c -S S9c
IL Mittens for Sleeping, were ST 49c
"a Hollywood Waves, were s1--5 sec
IL SambO Sachets, were 75c----4 49c
"a Wash Cloths, were sec --4 Acc
AZ Streamlined Brushes were Sl65 800 81
s Complexion Brushes, were 59c- 800
35 Birthday Perfume, were soc 25c
81 Molyneaux Perfume "Connu" fragrance
in a discontinued package, regular $3.50
The Pa!ais Royal, ToiIetries 80. First Floor
Evening star., 1941-05-22
So Handbags, $2.29

20 Handbags in black, brown and navy.
Top handle and underonm styles.
Is Handbags Few in purple, red and yel-
low; rest black, brown and navy. Were
So -.--- S1.39
l Navy Korday Handbag. top handle style
with upper top. Was S. ---- So
l Black Envelope Bag, back strap. Fine
calf skin. Was $3.50 0 So
The Paiais Royal, Handbags -. First Floor
Evening star., 1941-05-22
Paint Specials

q gallons Pure Lnseed Oil House Paint white, ivory,
and colors. Was $3.50 Gallon ------ .------- $3.50
35 gallons Washable Flat Paint for walls and UNDER
coatings Ivory white and coors. Was $3.50
Gallon ---------------- ------------ S179
% gallons Clear Spar Varnsh, for boats, floors and
woodwork Was $3.50. Gallon S169
49 half gallons American Gloss Enamel for walls and
woodwork. White, ivory and colors. Was s1.69.
The Paais Royal, Paints Fifth Floor
Evening star., 1941-05-22
Couches> Mattresses

Studio comfortable innersprng
Were $34 S24Ss
Simmons Studio walnut finished metal Com
Portable innerspng construction Floor sample Was $685.
S29.88
homespun covering. sample Was 1895 S29.8S
Simmons Studio Couch with walnut finished
metal back mattresses
$40 e5 -------------- S39.95
Sofa Beds padded Artex rubber cushions Were
s49e5 S39.95
Springs coils upholstered in
serviceable stripe ticking. Samples 1895
Coil Spring full double deck with stabzers prevent side
Standard sizes S78S
The Palais Royal, Bedding Fourth Floor
Evening star., 1941-05-22
"Miami" Awnings 84c

Only 100! Heavy cotton drill painted stripes;
green and orange. 3 foot drop, "a foot projection,
9 inch curton, 36 inch width.
The PaIais Royal, A1cnings -. Second Floor
Evening star., 1941-05-22
Art NeedIework

121 Skens Wondergoss Yarn rayon mixture Broken
color assortment Was Ice 10c
Magictu slightly display
Was So
Jackets, made Of Magictu samples slightly
So so
Knitting handembrodered
So 81 80
embroidered Pillow slightly
4 Hand Embroidered Pillow display
s225 -.-- ------ ------ 81
Hand knitted Sweater used model Was $6 50
Crib Set robe and pillow Slightly soled $375 S185
Seat Cover, made of Magictu used for display. s2S1
The Palais Royal Art Neediepork Fifth Floor
Evening star., 1941-05-22
SO S2.98 to 1898 Steel
Cabinets S1.99

Cabinets and wordrobes, floor
samples and slightly morred.
Mostly one of q kind.
The PaIais Royal,
Housewares Fifth Floor
Evening star., 1941-05-22
SO Reg. ST. and S1.95
BELTS 50c

leothers, patents, suedes ond
fobrics. Red, green, brown, noVy
and block.
The Palais Royal,
Belts First Floor
Evening star., 1941-05-22
Clearance! Discontinued
Diane and Naomi Patterns in
Havi|and China

mot Every Item In Both Poterns)
80 Bread and Butter Plates. Were 65c----------29c
% Tea Plates. Were 75c 5c---------------29c
80 Dinner Plates. Were $1--------------5oc
4 French Dishes. Were 65c.-------------29c
IL Cream Soups with Were a. 81 pair
IA Tea Cups with saucers Were sl25-------5oc pair
Vegetable Dishes. Were $225-----s1 81
/ Ten Inch Platter. Was s225 81
l Tweve-Inch Platter Was s3.75
Fourteen-Inch PIatters Were s5.5o--------s25o
CasseroIes. Were $3.50 O,------------------ss.50
Sugar Bowls. Were s2--------sl.5
Cream Pitchers. Were s2---------S1
The Paias Royal, China Fifth Floor
Evening star., 1941-05-22

Is Mems Sleeveless Sweaters button front pockets
Navy and brown in small and medium sizes. Were
S195 89c
80 Mems Wash Robes wrap around styles. Solid coorS
small, medium and large sizes. Were 81 IS SOC
20 Mems Fancy Shirts collar attached styles; broken
sizes. Slightly Soiled from handling Were $165 &c
IL Mems Stacks Suits with sports neck shirt peated
front slacks Matching belts Sizes &c. 34 36 and 38
Were S. ------------ ------------- 50 50
IA Mems Tie Sets with bow tie and matching handker
chief. Were SOC
The Palas Royal News Shop First Floor
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-24
Stocks Of Lead
At Record Low

NEW YORK, Oct. 24.-Stocks
of refined lead at domestic refin-
cries reached new low record al
the end of September, totaling
ID, 148 tons, compared with 1880
at the end of August, a decline OF
2,1S2 tons.
Shipments Of refined lead by
United States refineries last month
dropped 1912 tons to 47.093 tons,
against 55,005 shipped during Au-
gust, the lowest since May, 1910
when 46,919 tons were shipped
These figures do not include any
foreign lead purchased by the
Metals Reserve Company for do
nestle consumption.
In addition, total production OF
refined lead during September was
off 6,254 tons aggregating 44,90a
tons, compared with 51,157 ir
August.
The principal factor In the drop
of both shipments and production
was a sharp falling off in refined
lead produced here from foreign
ores and secondary sources. Dur.
ing September these sources &C.
counted for only $3.50 tons of out.
put, against 12,057 in August, 9
decrease of 1927 tons.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-24
Car Loadings
Hit 1941 Peak

WASHINGTON. Oct. 24.-Load-
ings of revenue freight during the
week ended October Is totaled
922 1884 cars, new peak for the
year. This represents an increase
Of 1907 cars over the previous
week, an increase of 108,9 75 cars
over the like week year ago and
an increase of $685. over the like
1889 period, according to reports
to the Association of American
Railroads.
Revenue freight traffic In the
week ended October Is showed an
increase of 81 per cent over the
preceding week. This gain was
CONGRESSIONAL and caused the Dow
Jones carloadings index - 1926
1910, inclusive, equals 1OO--to adj
vance sharply to 1868 from 1884.
The total for the last week was
the largest for any week since
Nov. 2. 1880.
Loadings last week recorded a
gain of 1874 per cent over the like
1910 period and 7.8 per cent over
the comparable 1889 week. In the
previous week the increase over
the 1910 period was 11.3 per cent
and over the like 1889 period il
was 7.6 per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-24
Squared
Net, Sales
At Peak

Squared Company in the first
nine months this year established
sales and earnings totals exceed
ing those for any previous full
year in the companys history. The
earnings record was set despite a
tax reserve amounting to approx
mately 81 per cent of profit before
federal income taxes.
Net profit for nine months is
expected to be slightly upward of
$5.15 a common share, against
S2.81 in the same period last year.
Earnings for the third quarter
are understood to have been APP
proximately 81 a share.
Aided by continued high demand
from industrial users for its regu-
lar line of electrical equipment
and with sales of aircraft instru-
ments by the Kollsman division
attaining new high levels, the
fourth quarter should be at least
as satisfactory as the quarter just
ended. This would indicate 1941
sales much greater than in any
previous year, and net profit up
ward of 81 a common share. II
1910. the previous record year
Sass a share was earned on com
mon.