Evening star., 1943-05-02
Business Briefs

business DFIeTS
Further Production Gains in the
last week boosted the index of the
magazine Business Week to 204.5,
compared with 2038 in the preceding
week, 2022 month ago, 1894 six
months ago and 1853 a year ago.
Wholesale Activity recovered
somewhat after the Easter week end,
but remained relatively light, re-
ported Dun & Bradstreet, Inc. Ag-
gressive forward buying was evident
In capacity reservations for the
summer millinery show and James,
town furniture market scheduled for
the coming week. Bookings Of
medium and lower priced spring
dresses were light but demand for
summer numbers, especially cottons,
picked up smartly.
A Nation Wide "Brown-Out" to
conserve fuel and transportation
will start by July l under plans
being formulated by the ODT, the
OSF and the WPB, according to
the Wall Street Journal, which re-
ported the electric power industry
Will confer Tuesday with the WPB.
The "brown-out" would douse shop
window lights, curtail sign illumina-
ton and in other ways cut both
domestic and commercial power
consumption. Power companies
fear the public may be led to be-
heve the curtailment Is made neces-
sary by shortage of power, when
actually the primary objective is
savings in other fuels, the Journal
added.
Additional Gains in Bank Earn
ngs Will be substantial, because of
continued large-scale expansion of
investments, Standard g. Poors pre-
diets. Such improvement will oc-
cur even though expenses will be
moderately larger s.nd loan income
may be lower than last year." the
advisory firm forecast.
Prospects for Savings and the
national economic outlook will de
discussed next Thursday and Fri
day at the annual meeting of the
National Association of Mutual
Savings Banks in New York, Among
the speakers will be: William M.
Robbins, national sales director,
War Finance Committee; Winthrop
w. Aldrlch, Chase National Bank:
United States Senator Warren Aus
TIN OF Vermont; Willard F.. Place
wee president, New York Central:
Dr. Marcus Nader, New York Uni
versity; Dean Walter R. MacCor-
mack, Massachusetts, Institute of
Technology; Abner H. Ferguson,
Federal housing administrator.
The Cosmetics Industry Has Es-
capped much of the expected effects
OF war shortages and restrictions
according to Fitch Investors Service
!ts small consumption of raw ma
terials, the small number of workers
needed to process them and success
1ul use of many substitutes were
cited as factors.
Lower Commodity Prices were re-
f1ected in the week ended Ami, an
by the index of the McGill Com
modify Service, which stood at 104 s
compared with 1913 a week earlier
a wartime peak of 1856 in the sec,
ond week of April and 1907 at tho
beginning of 1943.
Increased Demand for Homes coet
ing $4,000 or more. not including
land, is predicted after the war by
the F. w. Dodge Corp.
American Gable e. Radio Corn
earned $83o,249 in 1912, compared
with $556,624 in 1941. Net of All
america Corp, a subsidiary, was ST.
449,320, against $1,022,653 in the
previous year. Commercial Mackay
Corp, and subsidiaries, also con-
trolled by American Gable, showed a
net loss for 1912 of $606 ,05s, against
a loss of $3.50, 0,136 in 1941.
Canadian International Paner IN
reported a net loss of 1854, 18O for
1912, against a deficit OF 1922 ,583 in
l94l. Gross sales were s52,070 1894,
against $57, 7,357,725 in the previous
year. The accumulated deficit was
$14,995, $50 at the end of 1912.
Standard Oil Co. of California
earned $6i410,246 or 40 cents a share
in the first quarter. against IS, ,456,-
952 or AZ cents share year ago.
Noblitt-Sparks Industries, Inc.
earned $437,818 or $1.84 a share in
the March quarter, compared with
$3,497 or l cent share a year ago.
Westvaco Chlorine Products Corn.
earned $251 1853, Or SO cents a share
in the first quarter. against $287 1887,
or 63 cents share year ago.
Master Electro Co. earned $377, COL
or $1.51 share in the first quarter,
against $154,456, or 81 cents a share
year ago.
Worthington Pump & Machinery
Corp. earned $870,141, or $2.63 q
share, in the first three months of
1943, compared with $877,947, or
$2.67 a share, year ago.
Boston Edison Co. earned $780,
26S, or 81 cents a share, in the first
quarter, against $1,716,632, or So
cents a share. a year ago.
American Hide & Leather Co.
earned $423, ,254, or a cents a share,
in nine months ended March 81,
compared with s753, ,4o4, or SO cents
a share, a year ago.
Chrysler Corp. announced the re-
tirement of j. E. Fields. vice presi-
dent. He will continue as director.
Warren Foundry & Pipe Corp. has
elected L. r. Dohm president to
succeed Leonard Peckitt, who re-
tired. The new executive was for
merly secretary-treasurer Directors
took no action on dividends In order
TO conserve cash pending compile