Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-12-05
Business Briefs

1.-THE Golden Age" Has Arrived for
the movie industry, according to
Fitch Investors Service, which cited
sharp gains in receipts. 1t warned,
however, that financial management
of most companies has impaired the
attraction of film shares for the
conservative investor, and added
that production costs for most pic
lures Of the "super-super" type have
been entirely too high, including
excessive prices for stories, fantastic
salaries, bonuses and stock options
for producers, writer's, directors and
stars, with scant consideration for
stockholders.
Heavy Retail Buying was reflected
by brisk bordering in wholesale
markets during the last week, Dun
e. Bradstreet, Inc, reported. Buyer
attendance was below the preceding
week, but we'll above a year ago.
Registrations for November we're
around 900 above year ago,
More Civilian Goods will be avail
able in coming months, STANDARD =
Poor,s predicted. important no.
ferrous metals are no longer til.
from a military standpoint. Z
some are in ample supply Air" t
all restrictions have been lifted q
raw wool and it is believed res" -
tons on glass containers VII -
eased," the statistical firm stated.
Financing Timetables Have Been
Upset by long war-early peace ru-
mors, and investment bankers have
little more than a month to either
publicly offer or defer to a future
date more than $250,000,000 of new
corporate securities, the Associated
Press reported. The time limit is
imposed by the start of the fourth
war loan drive on January l8 and
an unwritten law forbids the Of
fering of private securities during
a Government bond campaign.
Synthetic Rubber Will Have to Do
in meeting the bulk of the nation
rubber needs for possibly two years
after the war. in the opinion Of John
L. Collyer, president of B. F. Good
rich Co.
While the United States is Wor-
rying about the production of suf-
ficient wheat to meet eXtraordi-
narily heavy demands, Argentina is
busy turning out near record
crop, the Department of Agriculture
reported The country is glutted
with wheat, with the government
considering the construction Of I'M
foreground storage space to handle
the supply.
Ability to Withstand Bombing and
other enemy action may be new
standard applied to all new buildings
in England An outline under the
British building codes and practices
program is being circulated TO the
industry for approval, and the
American Standards Association
commented it will be of interest to
Americans since the British pro-
gram will probably play part in the
rebuilding of Europe.
Parket Rust Proof Co. earned
S779615, or s181 a share. in the
fiscal year ended September 30.
after provision for estimated re-
negotiation adjustment. compared
with S781 ,443, or sl.3l a share, in
the preceding year.
Western Union Telegraph Co. an
nounced appointment of A. Kyle
Mitchell as company superintendent
at Washington in charge of the
commercial department. He sue
ceeds Theodore B. Cuttings, who
was promoted to assistant vice pres
ident with headquarters here.
Radio Corp. of America announced
election Of Frank M. Folsom as a
| vice president and director in charge
! Of the RCA-Victor manufacturing
division. Mr. Folsom. who resigned
December l as chief of the procrre-
ment branch of the Navy Depart
ment, is former Montgomery Ward
Co executive He succeeds George
K. Throckmorton, who is retiring as
| vice president and director because
Of i'll health, but will continue as a
consultant.