Evening star., 1943-08-15
Business Briefs

industries Most Favorably Sit.
nated for the postwar period. ac-
cording to the Fitch Investors
Service, are: advertising, air trans
port. chain and department stores.
distillers, food products, finance
companies, gold mining, mail order.
motion pictures, oil producing and
refining. radio, soft drinks, sugar.
shoes, textiles. tobacco and utilities.
Business Activity in the last
week showed a further slight in
crease. according to- Business Week.
which reported its index at 2ll8.
compared with 2ll.7 a week ago,
2092 month ago, 1861 six months
ago and lS4.9 a year ago.
Feod Price Control Has Failed
and retailers should let their repre-
sentatives In Congress know about
1t, declared an editorial in the cur
rent bulletin OF the National As
sociation of Retail Grocers. The
present act, as administered. not
only discourages the distribution of
food, but discourages manufacture
ing and processing, STILES food pro-
duction, creates black markets, and
actually promotes initiation, the edi-
torial charged.
Toy Town Aviation Is Booming.
according to the Wall Street Jour-
nal, which reported manufacturers
OF TOY" airplanes-models assem-
bled from kits-are straining to
turn out nearly SIS ,o00, 900 of minia-
ture military aircraft this year.
Some companies are doing so times
the business they did In 1910, year
before America went to war.
Washington Building Permits
Ranked Fourth among 215 leading
cities of the Nation during the first
seven months of 1943, Dun & Brad
street, Inc, reported. Totaling s10,-
All ,438, they were well below ST.
500, ,l64 in the same 1912 period.
Cities standing ahead Of the Capital
were: Detroit with $20,645, ,381
against $37.937,978 a year ago: New
York, $13,548.s20 against $41 ,651. .734:
Portland, Ore, $l3,141,2 ,295 against
$7,047 $50. Total for the 215 cities
was $277, 100 ,622, . drop of 51.4%
from year ago.
Cotton Textile Trade Improved
In the last week after many weeks
Of dullness, as some mills sold items
such bag sheetings on a forward
basis as far ahead as next February.
Scattered lots of print cloths also
sold from time to time along with
minor quantities Of other construc-
tions.
Safeway Stores, Inc, earned ST.
832 800 or $1.53 a share in the first
half Of 1943. compared with $2,1e9,-
6l3 or $1.93 a share in the same
1912 period.
United States Gypsum Co. earned
50 ,645 ,825 or $1.98 a share in the
first six months of 1943, compared
with S2,674. .460 or $2.01 a share in
the same 1912 period.
General Cigar Co. earned $e4s,.
693 or 81 share in six months
ended June 80, compared with
$685., ,428 or 80 cents a share q yeaI
ago.
Amerada Petroleum Corp. earned
S708, ,239 or 80 cents a share in ths
June quarter, compared with $510,.
065 or IS cents a share year ago.
Electric Bond e. Share Co. will
be allowed to expend SIS, 900 900 fol
the purchase of its outstanding pre-
ferred stock on either the New York
Curb Exchange or elsewhere, under
modified order from the SEC. A
July 2 order limited purchases to
the Curb Exchange.
Shell Oil Company, Inc, an
nounced promotion of D. C. Mar
schner, assistant sales promotion
advertising manager, to acting man.
ager of the department. He has
served in the department since 1925
and last year spent some time In
Washington as member Of the
scrap rubber drive committee.