Evening star., 1943-08-22
Business Briefs

General Business Activity in the
last week continued to expand, ac-
cording to the index of Business
Week, which advanced to 211.6, COM
pared with 2l10 in the preceding
week, 2l0.3 month ago, 1868 six
months ago and 1862 year ago.
Higher Earnings for the Auto In
dustry were forecast by Standard q
Poor's. With the growing volume Of
aircraft offsetting declines in other
types OF military equipment, de-
liveries Of the industry this year are
expected to exceed 1912 by around
50qs, the agency found. While profit
margins will be narrower as a result
Of price cuts and renegotiasion, the
larger volume should permit some
improvement in profits.
Reduction in Shoe Styles has gone
far enough, according to Boot and
Shoe Reporter, which declared the
number Of styles for this fall has
been slashed Size below a year ago.
Further Standardization would be
dangerous in that it would force the
industry to cease the manufacture Of
many types necessary to foot health,
the magazine added.
Wholesale Market Dealings slack
ened in the last week as reordering
for fall goods fell off. Dun g. Brad
street, Inc, reported. Large mail
orders were received in white goods
and fancy cottons as well as in no.
tions, which have become very lin
ited; cosmetics, toiletries and sta
tionery. Demand for curtains and
draperies was heavy. Popular priced
dresses and blouses were reordered
in good volume, but shortages were
observed and deliveries were slow.
Waste Of Huge Banana Supplies
was deplored in the current issue of
Produce News. In the last IL months
fully 1000, 100000 pounds of the
fruit have gone to waste In Central
and South America, according to
the magazine. With the shipping
situation easing. the Government
should be able to spare additional
small boats to transport bananas
and alleviate shortages caused by
light crops of domestic fruits. the
magazine added.
TranscOntinental q Western Air.
Inc, reported passenger revenues in
both June and July set new records.
July revenues rose to $I,255. 700.
compared with the previous all-time
high of 81 1864 set in June. The
monthly average for 1912 was $780,
546. Passengers carried per revenue
mile also reached new peaks in June
and July. In the first half, airmail
loads were double year ago, while
express volume was up 78os.
Armstrong Cork Co. earned $1,714.-
2o9 or S1.14 a share in six months
ended June 80, compared with a
revised nat of $2,023,037 or s1.36
share year ago. The report
said manufacture of cork products
had expanded after lifting of Gov
eminent restrictions and added there
are large supplies of raw cork now
available in the United States.
American News Co. earned S1.103.-
736 or $2.62 share in six months
ended June 80, compared with s572,-
407 or S1.36 share in the same
1912 period.
Babc0ck & Wilcox Co. earned
$3,104,779 or $462 share In l942.
compared with $4,252, 100 or $3.50 q
share in 1941.
Doehler Die Casting Co. earned
$688,509 or $232 share in six
months ended June 80, compared
with $434,413 or $1.46 a share in
the same 1912 period.
American Zinc, Lead g. Smelling
Co. earned $286,927 or 80 cents a
share in the June quarter, compared
with $255, ,461 or Is cents a share a
year ago.
Allis- Chalmers Manufacturing Co.
has completed arrangements with a
Nationwide group Off q banks
headed by the First National of
Chicago for a $75,OOO,O00 "V'' loan to
finance increased war production.
Proceeds also will be used to retire
the firms previous "V" loan of
$40, 100000 under the August, 1912,
aureoynapt