The Key West Citizen Newspaper, August 2, 1952, Page 7

Saturday, August 2, 1952 THE KEY WEST CITIZEN Page 7 | Guthrie Babcock New Home Constructed By Bennett | ABOVE'IS PICTURED THE INTERESTING DOOR TREATMENT of the new home on Eagle Ave- nue built by the M. E. Bennett Construction Com pany for Col. and Mrs. Phillips. Interior View Of Phillins H LER ome a: } i i elo le Citizen Staff Photo Al i aries. Citizen Staff Photo AIRY DIVISIONS between living and dining areas in the Phillips home achieved by use of interesting Bar. Kitchen, showing at far right is all electric and all modern. oday’s Business Mirrors By SAM DAWSON NEW YORK — Business is mak- ing 11 per cent less profits this year than last — blaming strikes rising costs, taxes, controls and savings - minded customers. More than two - thirds of the first 327 leading corporations to report their first six months earn. ings are trailing last year’s profit? |—some of them falling drastically behind. The only industries to show gains as a group are aircraft, utilities ang oil. Worst hit are texiles and steel. | Still, only eight of the 327 re- peted a loss for the first half. And 99 were able to show gains over a year ago — a few setting records in profits. But many companies that set records in sales volume found net profit after taxes had shrunk be- low a year ago. | A survey of the 327 corporations shows total net income this year of $1,982,512,364, against $2,223,279,- 061 for the same companies in the | first half of 1951 The 28 railroads in the list broke S. H. DRUDGE GENERAL CONTRACTOR Key West's cidest, continuous contractor. Established 22 years. Over 700 contracts completed without e forteit. Including, Motel, Store frents, Homes, Apartments, Roofing and Remodeling. 3410 AVE E. PHONE 2087-] EQUIPMENT TO RENT Concrete Mixer . Compressor o +. Hoist. j -+ Wheel Barrows . . and Hammer ... Tar Kettle + + Pump ete, just about even with last year. The 12 utilities gained 7 per cent. But the 287 industrials dropped 12 per cent behind a year ago, with 212 of them showing declines in net profit. , Not since the first quarter of 1951 has business as a whole been able to register a gain in profits over the same period the year be- fore. Profits hit their peak at the start of 1951 and have shrunk ever since —in large part because new and higher tax rates went into effect for business in April, 1951. Yet the dividend rates have been holding up. The New ‘York Stock Exchange reports that cash pay- ments on common stocks listed on the big board set a new high in the first six months of his year, wih a gain of 6 per cent over pay- ments in the first half of 1951. There are wide differences among industries in the profit pat- tern. Textiles show up badly—down 58 per cent this year from a year ago. in recent weeks, however, ; business has picked up for them | and they hope to show gains in the present quarter. | Four firms in the textile field operated in the red in the first half. One airline, one appliance and two coal companies also re- | Ported a net loss. Steel profits — on the basis of | 29 companies in the steel and iron | business — were off 46 per cent. | Only three of the top 10 companies | have reported so far. The steel strike, starting June} 2, gets much of the ‘blame for the | drop. With the price hike just second half of 1952 to have more pleasant results. Makers of containers suffered a | 39 per cent drop, as a group, part- ly because the steel strike also upset their business. j Paper and pulp, as a group, was off 30 per cent profit-wise. They blame a slowdown in demand for Packaging, intensified by the steel | strike which caused some of the | Paper companies’ customers to! | shut down. Retail profits were off 27 per t this year. But in recent weeks ; : conflict has | shore, and a channel granted the steelmills expect the | now BOYLE SAYS By HAL BOYLE NEW YORK #—The Korean War is well into its third year and the “| millionth draftee is now in service. th this faraway betray ated more on s, affected more a Pets families. It has cost more than 113,000 casualties. It has been raised as a major political issue. Yet it remains “the forgotten war,” the war that almost no one knows except the men who fight ‘lit. It is as if Korea were upon other planet, or as if there were ae conspiracy of silence against it _|—«1¢ we don’t mention the war, “hit will just go away.” Unfortunately, it is a war that won’t go away, and America may still have men stationed on a bat- tle front in Korea after it inducts _|its second millionth draftee. The odd thing about the Korean combat picture is that the morale | of the American fighting man has picked up, while interest at home has steadily waned. “Why are we in Korea at all?” Ask the average man in the street that question, and he might be hard put for an answer. But the American soldier in Kor- ea now has a pretty good idea why he is there. Take Pic. George Whitenour, for example. He is a member of the St. Barnabas Lutheran Church in Queens. So, is John R. Crooks, a veteran newspaper librarian. Some time ago Crooks, who is 68, decided to put out a one-man newspaper for the members of the church who are in the armed serv- ice. His gossippy news sheet now circulates to 70 young soldiers, sailors and airmen, scattered around the world. It knits them to their old home neighborhood. Retently, Pfe. Whitenour wrote a letter of gratitude from Korea, and this is what he said: “We have church services over here in our mess tent, and they sure give a lift to the boys’ morale, But I mics St. Barnabas; it is a beautiful church. “As yet I am not right up at the front or in any danger at pres- ent. I’m not: really hunt the Reds too much. I’m glad that I don’t have to use a weapon against anyone. And I’m sorry that the other boys have to. . “But if the war isn’t fought here it might have to be fought back in the States. “The Korean people are not real- ly as bad as some people would lead you to believe. Some of these people were just content to live ead you to believe. Some of these people were just content to live their own lives, tending to their gardens, building homes and lead- ing an ordinary life. But some of the big wise guys had to think they could rule them and buck their strength against the good people of the world, “When you se al the nations that are represented here you feel that we can’t lose. Scattered throughout this area are Turks, Ethiopians, Filipinos, Puerto Ri- cans, Canadians, Scotch, English, Australians, Hollanders, Hawaiians and others — al fighting on as one big team. “How can we lose? Besides, we have the help of God. If we stay together freé nations after this is over, can hope for peace for all tim: Dept. Of Army Onk ° Building Permit Application has been made to he Department of the Army by larold A. Clark, ¢/o C, G. Bailey, and Surveyor, Marathon, Flor- ja, for a modification of a permit lated June 4, 1952, to dredge channels, in Boot Key Harbor, northerly shore, at applicant’: property, part of Government lot 1, sec. 9, T. 66 S., R. 32 E, at Marathon, Key, Monroe County, Florida. proposed to The applican' dredge a channel approximately | 40 feet wide and 5 feet deep, ex- tending proximat into the waterway ap ly 550 feet from the extending generally parallel to the shore along the entire water front of the said property, a distance of about 1450 feet. The dredged material would be deposited in | shoal water in front of applicant’: | upland shoreward of adequate fense orders, forged he: per cent. The airlines bad j first quarter, but a better second | quarter, and just about broke even | for the entire six get ¥e Hinman Photo, Miami, Fla G. GUTHRIE BABCOCK, born and raised in Key West, Florida, sold over $908,958, in commercial properties in Miami for the fiscal year ending June 30, 1952, as a member of the invest- ment property sales staff of The Keyes Con:pany, Miami's larg- est real estate organization. Babcock, a relative newcomer to the real estate field, having less than four years of experience, ranked second in the commercial department. There are a total of 44 salesmen. in the Miami Firm, which in addition to its main offices in Miami, operates branch offices in Miami Beach, Ft. Lauderdale, Kendall, and will open a Coral Gables Branch later this summer. Babcock specializes in the sale of Apartment houses, hotels, warehouses stores and other income producing properties. retaining dikes and on each side of the first-mentioned channel to form breakwaters. The permittee now proposes to dredge the first above-mentioned channel about 60 feet wide and 5 feet deep and to install two 20” concrete cul- verts at the shoreward end there- of to connect with two proposed channels extending generally parallel to the shore along the entire water front of said prop- erty. The two latter channels would be about 40 feet wide and 5 feet deep. Plans of this work may be seen at the office of the District En- gineer, Corps of Engineers, 575 Riverside Avenue, Jacksonville, Florida, and at the office of the Resident Engineer, Corps of En- gineers, foot of Collins Avenue, Miami Beach, Florida. It is not proposed to hold a public hearing on this applica- tion. Anyone desiring to submit a protest based on the proposition that the proposed work would unreasonably interfere with pub- lic navigation, or would unfavor- ably affect the navigable capacity of the said waterway, should sub- mit such protest in writing in sufficient detail to permit of a clear understanding of the rea- sons therefor. The Federal courts have ruled that the decision of the Depart- ment of the Army on the appli- cation must be based’ entirely on the effect the proposed work would have upon navigation, and not on its effect on property values or other considerations having nothing to do with navi- yation. A Department of the Army permit is merely a waiver | of objections insofar as public rights of navigation are concern- ed. It confers no franchise or | oroperty rights, nor does it in any way abridge any right which my aggrieved person would have had under any law, had the per- mit not been issued. Protests based on effects on public navi- vation sould be addressed to the district Engineer, Corps of En ineers, P. O. Box 4970, Jackson ille, Florida, in time to be re- rived on or before August 4 952. | Lighted Lawn Umbrella Adds Cheerful Touch If you are lucky enough to own a lawn umbrella set, why not light it for additional hours of after dark enjoyment? With the help of the household handyman and a 150-watt project- cr spotlight in a clamp-on type holder, you can rig up this gay lighting effect in just a few mi- nutes. As shown in the drawing above, the light is attached to the shaft in an upward position so that it is reflected down softly on the table. Lighting specialists point out that as with all outdoor lighing you'll need weatherproof cords and soc- kets. The projector bulb, however, is made of hard glass so that it is | weatherproof. Actors Marry NORTH HOLLYWOOD, Calif. —Comedian Jack Carson Ac- tress Lola Albright were married Friday by the Rev Errol B. Sloan in the Little }rown Church in the Valley. Carson has been married once before, Miss Albright twice. INDUSTRIES, INC. SERVING MIAMI SINCE 1930 AT KEY WEST ‘9 Elizabeth St. Phone 588 For All That's Best In EVERY KIND OF ROOFING ALL TYPES OF SHEET METAL WORK AIR CONDITIONING, VENTILATION SOLAR WATER HEATERS, BOOSTERS POURED-IN-PLACE GYPSUM ROOF DECKS fect until June 30, 1954, and pro- vides an average wage raise of Union Agreement ge aise 0 16%2 cents an hour, six paid holi- CHICAGO (# — Inland Steel Co.!days a year and other benefits. and the CIO United Steelworkers | Inland employes currently are paid have signed the first complete | 22 average hourly wage of $1.95. aeetry ance the ue steel in: | George Shuva, Brooklyn Dodg- Die outfielder, has a byether who nation-wide strike last week. turned down a pro baseball offer The contract will remain in ef- to become a priest in Toronto, -DON'T WAIT- FOR HURRICANE DAMAGE MAKE REPAIRS NOW M. E. BENNETT _- CONSTRUCTION CO. RESIDENTIAL AND COMMERCIAL CONSTRUCTION . .. REPAIRS FREE ESTIMATES ARCHITECTURAL SERVICE AVAILABLE 214 DUVAL PHONE 2187 Safe—Sure Tent Fumigation OFFICE 166 HOME 1632-R KEY WEST REPRESENTATIVE W. J. LOOPER 514 SOUTHARD STREET Tke Royal Palms APARTMENTS Accepting Applications Now : Furnished and Unfurnished 2 Bedroom Apartments FIRST STREET and PATTERSON AVENUE VENETIAN BLINDS EXCLUSIVELY WITH The MAXWELL COMPANY © Built to Fit Any Size Window! “Aluminum Stats Easily Removable! New With. ROLLAcHEAD CUSTOM-MADE VENETIAN BLINDS Precision - made te fit your windows perfectly ... cheese from decorator inspired colors ... either matching or contrasting tepes. PHONE US FOR FREE ESTIMATE The Maxwell Company 999 Fleming St. Phone 682