Evening star., 1943-12-12
Business Briefs

Business Briefs
America Is Past the Manpower
Crisis. This was the fiat statement
of many industrial leaders In infor-
NAL discussions at the NAM confer
ence in New York ant. the implica-
ton of some official pronounce
ments, reported Gareth Ef'chmore
of the Associated Press. However,
he said, this does not mean loca,
shortages are not exceedingly real,
and added that the armed services
and war factories will require s.
800 900 more persons in the next six
months.
Speedy Return to Private Indus
try of the rapidly mounting number
of machine tools made idle through
cancellation of orders and cutbacks
in production are being considered
by the WPB, according to Standard
& Poor's Corp. Through a central
agency it is hoped to facilitate the
disposal of surplus stocks owned or
controlled by the Defense Supplies
Corp, the Ordnance Department,
the Air Corps and the Navy Depart
ment, it said.
Government Owned War Plants,
after the war, will not be as impor-
tant competitive factor as feared
in some quarters, declared the In
dustrial Conference Board. OF SIS
500, 100000 expended for industrial
plants and equipment, more than
$40, 1000, ,OOO,0 has been committed
specifically for the production OF
military items, with little or no i'm
mediate civilian market or conver-
sion possibilities, the board esti-
mated.
A Further Drop in Building is ex-
pected next year by Secretary of
Labor Frances Perkins, who pre-
dicted new construction eXpendi
lures would be around 81 200 900 900
against an estimate of $7,400 000, 900
this year. She anticipated private
volume of $1,000 OOO,0 900 against a
l943 estimate of $1,000 900 900, and
public expenditures of $4,000, ,000,-
900 against 1943 estimate OF
SIS, TOO, 100000.
United Air Lines earned $3,305,-
l4l or S220 a share in nine months
ended September 80, compared with
$2,899 ,985 or $l93 share in the
same 1912 months. Net for the
third quarter was $1,l5l,741 or II
cents share against $2,0l7,659 or
$1.34 share year ago.
Middle West Corp earned Sl.l50,-
408 or 35 cents a share in the Sep
tember quarter, compared with ST.
079,904 or 80 cents a share in the
same 1912 period.
Pacific Power & Light Co. earned
81 1929 in IL months ended Oc-
tober 81, compared with s793, ,348
in the preceding year.
Montana Power Co. earned $4,-
348, ,423 in II months ended october
81, compared with $1,000 1892 in the
previous period.
Pacific Telephone T. Telegraph
Co. earned $16,425 $40 in 10 months
ended october 81, compared with a
revised net of Sl5,952257 in the
same period last year.
Twentieth Century-Fox Film Corp.
earned $3,343 .849 or sl.67 share
in the September quarter, compared
with s5.065. .109 or s271 a share in
the same 1912 quarter.
Sunray Oil Corp. earned $685., ,525
eh i,, he
ended September 80, compared with
$599 .098 or 27 cents a share in the
same period last year.
Northern Pacific Railway re-
ported October net income of So
417,164 against 81 663 9ll year ago.
Net for 10 months was Sl6,868 .223
against sl0,632,472 year ago.
Bellanca Airraft Corp. declared a
dividend of so cents common
share. payable February ! to hold
ers of record January 10. This will
be the first payment on the common
since 40 cents was paid December %,
1888.
Federal Light & Traction Co. de-
clared a dividend of so cents a COM
mon share. payable December % to
holders of record December 20, The
years payments will total 81 so a
share against SITS in 1942.
Melville Shoe Corp. reported No
vember sales of $3003. .244 against
$3,727 ,044 year ago. drop of
l9.4cc. Sales in II months were
S35.22l,l68 against s46.l28,364 year
ago. decrease of 1885,.
Chemical Bank & Trust Co. Of
New York has approved payment OF
Christmas bonus to all officers and
employees amounting to ST. of the
first $1,000, an additional 312G, on
the next $1,000 and another 2cs or
all salaries above $4,000 The pay.
ment also will be made to officers
and employees in the armed forces
New York, Chicago g. st. Louis
Railroad has elected John Jacob
Astor to its directorate.
Western Union Telegraph Co. an
oproi,,froay,t st