Evening star., 1943-07-07
Business Briefs

LlmltleSS opportunities are In
store for the United States after the
war, according to President Melvin
H. Baker Of National Gypsum Co..
who declared che Nation will have
the greatest production machine the
world has ever known and the great
est and most skilled labor force in
history Baker declared his chief
objection to postwar planning was
that those least experienced in
making history are hell-bent on
blueprinting every detail of our
future life
Eastern Rail Traffic was back to
pre- holiday normal after what all
agreed was record breaking week
END. The exodus was not matched
by homecoming crowds and officials
believed many persons started their
summer vacations on the holiday
eve
Detr0it's War Boom has brought
a population increase of half a mil
lion to it's Metropolitan Area, the
Board of Commerce reported. Re
toli VI daN 40 - 10 dboFC lCtoIo lCfClo
Of year ago and power consump-
ton is up 28Pt. A year ago bank
savings accounts totaled S332. AGO.
600; today the total is SAL ,760, 900.
Business Failures in the week
ended July l totaled 66 against so
in the preceding week and 1876 in the
like 1912 week, Dun & Bradstreet,
Inc. reported. In the first half of
1943. they totaled 2,185 against 5,7l8
year ago.
Carnegie Illinois Steel Corp. re-
ported blast furnace operations in
the Chicago district were restored
to 1907 when the No. stack OF the
Gary Works was blown in after a
10-month shutdown for rebuilding
and enlargement.
Standard Oil Co. of Indiana an
nounced an extensive summer and
early fall advertising campaign. en-
phaSiZlng better car care, would be
placed mostly in 1,736 newspapers
l ,204 weeklies and 532 dailies, with
combined circulation of more than
IA SOC, 900 in 13 Midwest States. The
company said it would plug war
bonds in every ad and would devote
one advertisement exclusively to wal
bond sales.
Farnsworth Television e. Radio
Corp. earned Sl,170.005 or IS cents
a share in the fiscal year ended April
30, compared with s642,237 or 46
cents share in the preceding year
Price reductions of Sl.153,656 were
MADE during latest period on Gov
eminent contracts as a result of re-
negotiation and a cash refund OF
S6.998.9l3 was agreed upon.
Southern Bell Telephone Co. en-
ployes totaling more than $4,000 in
nine Southern States were denied a
proposed wage and salary increase
by the Fourth Regional War Labor
Board. The unanimous decision
will permit the company to make a
new application for salary adjust
ments if additional information can
be presented.
An SEC Extension was granted on
rule allowing temporary exemp-
ton from certain rulings of the
commission applying to special
offerings of securities made on ma
tional stock exchanges. The COM
mission also extended indefinitely
the effectiveness of special Offering
plans of the New York Curb ard
the San Francisco stock exchanges
Taking Issue With the ICC, Oti!
& Co.. Cleveland investment firm
declared the commission is incom
plete. inaccurate and, in many re.
spects, misleading in its opposition
to legislation requiring competitive
bidding in railroad securities sales.
Western Union Telegraph Co. an
nounced retirement of Ralph H
Overbaugh, general attorney. after
more than rs years of service.
Barnsdan Oil Co. announced tha
President E. B. Reeser would retire
on July 81 in accordance with tn,
company's plan of retirement ane
would be succeeded by James A
/ Dunn, who has been vice presiden
and secretary since 1926.
The sooner you get that War saw
I inne ef rnnr hal the Snnnal