The Key West Citizen Newspaper, August 21, 1952, Page 7

Teday’s See Little __ House By SAM DAWSON NEW YORK #—President Tru- man has been taking a peak at the mid-year earnings statements of corporations. He decides that since they are making lower profits this year— about 11 per cent off, an Associated Press survey indicated — Gaatiie Treasury won't be able to as much in taxes as he had thought at the start of the year. The President now figures that his January guess on corporate in- come taxes was about three. bil- lion dollars too high. Individuals, on the other hand, have been doing better than the lars than. seemed likely last Janu- ary. 4 The drop in the Treasury’s cor- porate income tax collections this year hasbeen wide-spread through- out istry, The tax liability of manufactur- ing companies in the first half of the year has been estimated to be running 13 per cent behind a year ago. The reason: Lower gross earn- ings before taxes. Some industries, of course, and many companies go counter to this general trend. But for others the story has been: Strikes, rising costs of la- bor and materials, and in many ‘instances lower sales totals and prices frozen by controls. Some industries that were hit ~ bad in the first half of the year | : to look better when second | earnings are toted up. For example; Textile companies uarter statements will still the effects of the steel strike. | In the first half of the year thise industry trailed a year ago’s prof- its by around 45 per cent. Merchants also hope for a better fall trade. Their sales lagged in. the year. Even worse for their bookkeepers, store operation costs continued to rise, pulling down the margin of profits. By BILL MEYERS CAPTAIN HAROLD PAYSON, JR.. Chief of Staff, United States Navy, Key West, Florida. Please . accept the heart-felt thanks of 74 teachers whom you so generously permitted to. see, (The Little White House) from their seats in a Greyhound Bus. I wish you could have heard their enthus- iastic remarks, such as: “This is truly the high point of our 20 day tour via Greyhound Bus, from Kansas.” As we left the Yard gate they gave you a rousing cheer of gratitude. I know from what many said when they returned to Key Lodge, that driving through the Navy Yard for ten minutes was the most thrilling incident that could have been theirs. Their enthusiasm was heart warming. Your kindness opened fountains of joy in their hearts, and you created more Good- Will for this City than you can possibly realize On Friday, August 15th, 37 ladies, accompanied by their leader, Mrs. Etelka Vincent, from Karas State Teachers College in Pittsburgh, Kansas, rode via Greyhound through the Yard. On August 16th, another group of 37 ladies with their direc- tor, from Emporia, Kansas, took -the trip. DAIRY QU EEN Introduction Offer ICE MILK HARD PACK — Quarts 60c Pints 35c - ‘THIS WEEKEND ONLY FRIDAY — SATURDAY — SUNDAY AUGUST 22-23-24 REGULAR PRICE: 70c QUART 40c PINT w° Their’ @arnings net profits, as a” |} , We about 27 per j} cent behind 1951 If trade picks: | up this fall, as hoped, the stores |} will still have the cost question yi to lick before their earnings turn j}} upward very far, . Many industries also face de- ||| mands for higher wages. The steel | jj wage boost is. likely to be followed j Ii by pay hikes in other industries. And along with it is likely to go an increase in the cost of mate- rials that manufacturers use. “Even those industries that topped lk last year’s profits in the first six | months of 1952—the oil and ma- |f} chinery industries, the utilities, and | jj! many of the railroads—may find |} Boy Killed When Motor Boat Hits Buoy In River WELAKA (®—An outboard motor boat carrying three Jacksonville |} youths crashed into a heavy, an- chored beacon in the St. Johns River Wednesday, killing one of |] them and seriously injuring anoth- if i er. Dead was William Reid Harden y Je., 18, son of the John Gorrie |} Je, High School principal at Jack- i sonville, ‘The injured youth was Sam Hol- loway and Holloway were thrown | mounting and pulling down jf ‘The third boy in the boat was |f John Crabtree. He was treated for |f shock. | Electricity Lends a Helping Hand| Electricity can help you do all kinds of jobs around the house. It’s truly a versatile servant. In the kitchen, for cooking, refrigeration, water heat- In the laundry room, for washing, drying andfironing And in other parts of the house, for modern lighting, for home freezing of foods, for cleaning, food mixing, ing, and dozens of things. Only electricity can help you do so many jobs. And it works for such a small “salary,” too. In the home, it’s electricity for better living. ~ against the beacon posts and Crab- |p tree into the water. Harden's body was recovered the accident. after : boys were vacationing at |[/ summer home of William S. ‘all, Jacksonville furniture deal- on the river about 20 miles |p) south of Palatka, Youth Drowns MIAMI W—Billy Nelson, eight, drowned Wednesday in the city’s Curtis Park Swimming Pool while on an outing with three other boys. ' Billy couldn't swim and had been warned to stay away from the deep end. His body was located in nine ret of water CITY ELECTRIC SYSTEM PUBLIC POWER FOR BETTER LIVING ty Thursaay, mvgust 21, 1952 THE KEY WEST CITIZEN Page? ET’S (SIRE! Dairy Or:een ICE MILK Free Cones Free Cones FROM 2 to 5 PM. FRIDAY, August 22 IRY ue) Come One, Come All! Get Your FREE Treat Dairy Queen ICE MILK Join the Crowds—Taste for Yourself ICE MILK-—Is The Same Smooth Fresh Frozen Dessert You are Used to at Your DAIRY QUEEN Only Ice Milk has LESS CALOR- IES, just the food for Key West Climate ICE MILK is NON BODY HEATING, Extra Rich in VITA- MINS, F--=NERALS, CAL- CIUM, PROTEIRS, IRON So Treat Yourself to a Dessert that not only tastes good, but is good for you. Have two- you dont have to worry about Calories ICE MAELK can be had in quarts—pints BLIZZARD Shakes—Coolers—Sodas Cones or Sundaes Well Be Seeing You at the ar! Dairy Queen CORNER WHITE AND UNITED STS., ACROSS STREET FROM HIGH SCHOOL 0