The Key West Citizen Newspaper, February 28, 1953, Page 10

Net Earnings In Business Good In’52 Gy SAM DAWSON NEW YORK (#—Profit _ state- »aents Of corporations: now flowing in, make pleasant reading for stockholders of railroads and utili- t'es—and not nearly as unpleasant for stockho'ders of industrials as | rv ay had feared earlier. All classes, taken as a whole, ow American business was piling : > Just about as much net earnings “r taxes in 1952 as they did in previous year. This, in spite of “tes, higher taxes and controls. ined earnings of the first onufacturing and service in- ¢-stries to report show net profits down by 7.4. per cent. Combined earnings of 59 utilities | \show earnings up by 12.8 per cent. | And 131 leading railroads report | combined net earnings up 21.4 per | cent over 1951, Together the 486 corporations show combined profits of $4,713,- 961,348 in 1952, against $4,682,327,- 723 im’ 1951, for a gain of 0.6 per cent. ‘These, of course, are but just a handful of the total of all corpora- tions in the United States. And many of the largest industrial giants are still to be heard from. So that the figures may not look so well when all reports are. in, a couvle of months hence. The Department of Commerce | estimates that when all are heard from, 1952 net protits may trail 1951 by 1% Dillion dollars: The first returns show wide vari- ations ainong industries ard among companies within industries. Of the 296 manufacturing and tr-de companics, 193 had lower ecrnings last. year. Six of the 59 ‘ut’ fies dropped behind 1951, and 28 of the 131 railroads. Sndustries' worst’ hit were: tex- tilss, down 68.4 per cent; distiller- je:. ‘down 52.9 per cent; coal, dcewn 47.8 per cent; steel, down 22.1 per cent; drugs, down 20.9 per cc"; and mines and metals, down 18, per cent. In. the happier coiumn, besides rr; and utilities, aircraft, up 31.7 per ‘cent; airlines, up 9 ; ent; breweries, up 9.3 per cent; cement, ap 5.8 per cent; e's oie appliances; up 5.2 per food, up 6,3. per cent; ma- ¢* ory, up 1.3 percent; and busi- ness machines and auto equipment &.can'ss, both up «# fraction of 1 per mm. st és, coal and distilleries lay | of the blame on declining | and high opereting costs. £: al companies were idle for | tv 10n hs during the big strike. | od ag companies found competi- | tio muca s.ccpou in 1951. [-ccme ‘Lax In W. €ermany Law Tishtened | By BRACK CURRY BONN, Germany &—West Ger-, many is planning to soak cupid | with stiff mew taxes. | he federal xoverament wants | to slash individual income taxes | an average of 15 per cent. This will free several million Germans witt big families end small in- comes from, all income taxes in the future. Lut married couples will make up the loss in revenue, if the wife works or has-a separate income. Millions of married women work. Married couples will be required to file joint tax returns. Until now, a husband and his working wife could submit separate returns and thus, stay. out of the high income tax brackets. Their income taxes will rise sharply under Gemany’s progressive seale of taxation. Nineteen women’s groups have assailed Finance Minister Fritz Schaeffer, author of the new tax gram, as the “foe of cupid.” Ther claim taxes on mar- ~vill, contribute to) illegitimacy in the mrrriage date. | Some women charge the govern-| ment’s soak-the-married-couples- | p> has a hidden motive: to drive | ween out of jobs and thus reduce | ® > unemployment. Syaeffer retorts that his tax @ » wil help everybody by spur- | tin” higher in booming | West Germany. His idea is that) @> personal income tax cuts, eoxpled with a 60 to 4 per cent! re betion of. corporation taxes, wil furnish new capital to expand stry and business. couples Parliament must approve the! vernment’s new tax program. is is an election year in Ger- many and Schaeffer is confident} be can push through the individual | irate working | wives, there's @ chance Parliament | 4 British Crown; tex cuts. But spurred by @ey spare cupid. ‘The present @olony of Sarawak in Borneo was fuled from IB4® to 1946 an in- Gependent country by * ite ra- fabs” of the Brooke family. THE KEY WEST CITIZEN jtending an organizational meeting loss Saturday; February 28, 1953 Key West and Vicinity: with possibility of light rain to-! © day; clearing and cooler tonight eq jand Sunday. Gentle to moderate; fs!northerly winds, fresh at times; | |tonight offshore. -| Florida: Clear to partly cloudy Althru Sunday. Little change in! *| Jacksonville thru the Florida Straits and’ East Gulf: moderate variable winds becom- ing. moderate variable mostly ;north to northeast by Sunday. Partly cloudy weather. Western Caribbean: Moderate to occasionally fresh east winds (thru Sunday. Partly cloudy wea- ther with widely scattered show- ers. Observations taken at City Office Key West, Fla., Feb. 28, 1953, 9:00 A.M. EST ‘Temperatures Highest yesterday ... Lowest last night Mesa. Normal TO BOSS “VOICE’—Dr. Robert L. Johnson (above), 58-year-old president of Temple University, has been named by President Eisenhower as acting chief of the government Overseas In- formation Service which in- cludes the controversial “Voice of America.” Johnson will make a broad study of the entire in- formation service and will give a definite answer on whether he will accept the job after a month-long examination of the setup. He said "he probably would accept.—(#) Wirephoto. 76 73 Precipitation Total last 24 hours ____ Total this month .. . 1.69 ins, .05 ins. Excess this month —___ Total this year ... Excess this year Relative Humidity at $:00 A.M. 86% : | Barometer (Sea Level) 9:00 A.M. . 30.10. ins.—1019.3 mbs. Community Sing me Tomenows Amana Is Enjoyed At ool re (Kiwanis Meeting The regular dinner meeting of | the Key West Kiwanis Club was! held Tuesday, February 24, 1953 | at 6:30 p. m. at the La Concha} Hotel. President Glfnn Archer | presided at the meeting. A program of com#hunity sing- ing was led by Gene Anheir, who reported that the singing by the membership of the song “Key | West’ had vastly improved. A talk on the re ies of membersbip was _m: to new member Newt Ketel who was then presented with emblems of membership by President Arch- TIDES 10:27, a.m, j 4:03 a.m. 10:45 p.m. 4:09 p.m. Bahia Honda : (bridge) ———oh 10m 9.0 ft No Name Key {east end) —+-2h 20m Boca Chica Tide high water —oh 40m | Visitors included Leo Lawrence, Michigan; Robert S. Perkins, Man- chester, New Hampshite; and J, M. Bergman, Key West, . Florida, Naval Reserve Officers Will Organize Here If you are a commissioned offi- cer in the U.S. Naval Reserve, not on active duty and have not been placed on the inactive status list, this article is of importance to you You are ‘urged to enter the U. S. Naval Stetion through the Greene Street Gate for the purpose of at- ~ TEMPERATURES AT 7:30 A.M., EST to be held in Building No. 91, on Monday, March 2, 1953 at 8:00 p.m. Gi The following items concerning your status as a Navy Reserve Officer will be discussed: 1, Your promotion to the next higher rank, 2. Your potential re-call to ac- tive duty. 3. Retirement: pay under Public Law No. 810. 4. Training duty with pay. 5.*Longevity and the Naval Re- serve Medal. a eeneinipeaiirent COMING PROGRAMS . (Continued from Page One) date, but their program has been changed to May 4. On Monday, June 1, it is hoped to have Miss Lois Parks of Mia- mi, speak on the phase of Mental Health, NUMBER OF CARS (Continued from Page One) building permits were issued as compared with $162,523 last year. Post Office showed a2 jump in January when they amounted to $26,401. The amount of electricity consumed in the city | jumped to 3,326,905 kilowatt a aa RE | Fruit, Vegetables Needed At Show ari Johnsen, chairman in | charge of the fruit and vegetable section at the Flower Show,, would like anyone whe has Key | West articles in this classifica- | tien to bring their products te | the Elks Club Annex for dis | play. | i t Light to} © 1 66 WS JOE SIRUGO serves ‘Mrs. Sirugo with the first piece of cake as a party celebrating the completion of Key West’s only drive-in theater, The Islander. Drive-In, got underway last night. The formal public opening of the theater will be tonight—Citizen Staff Photo. Men Of USS Wilke| Maid’s Night Out Give For Charity islavsais an “HANS CHRISTIAN ANDERSEN” During the month of January At the San Carlos Theatre the officers and men of the USS Jack W. Wilke, 'EDE 800, contri- buted $173 to the 1953 March of Dimes. This represented an aver- age of more than one dollar per man. In. addition, $245 was collected in contributions to Navy Charity Carnival. This amount was. rais- in behalf of ‘the Wilke Queen, Mrs- Harold D. Stone,who later became Queen of Destroyer Di vision 601, and represented that command in the carnival activi- ties. This total of $418 raised by the crew in a period of six weeks was an average of approximately two an one half dollars per man. enarenmeL memes «occa DEATI. J. J. ROMERO, SR. Word has been received by a John J. Romero, Jr., of the death of his father, John J. Romero, Sr-. in Tampa, : Mr. Romero was 82 years of |; age. He is survived by his wife, J the son; two daughters, Mrs, Daisy Tift and Miss Louisa Romero; six grandchildren and three great grandchildren. % Burial will take place in Tam- pa, 66 YRS. IN SAME SPOT MT. CARMEL, Ut. #—Charles Seitz quit high school when he was 16 and took a job as a clerk in his father’s department store. Seitz liked the job and although ballet dancer, Jeanmarie. Kaye, changed though ne jis in the film, pizk ONLY NASH MIAMI MCTORS CAN DO IT YOUR BEST DEAL FOR 1953 $439.00 DOWN OR TRADE-IN 30 MONTHS TO PAY DON'T DELAY — COME IN TODAY — BEAUTIFUL SELECTION TO CHOOSE FROM NASH MIAMI MOTORS “South's Largest Dealer” S45 NORTH EAST ISTH ST. Dial 9-2626 ANNOUNCEMENT for the extension of Radiotelephone service (phones in autos, trucks, ete.} for the general public of Key West, Florida. Class of service: Miscellaneous Common Carrier (Public'Utility) Minimum investment for individual or group — $10,000 Requirements: Business experie::ce, good character aid Riandial anni Interested parties write American Radiotelephone Co., Inc. St. Petersburg, Florida for personal interview and details. THIS IS A NON-COMPETITIVE MARKET PROTECTED BY THE FCC f he Be f Be ite F E aes < MAGIC MIST, radhle , dress interpreting new _ it fees ¢ i [ | i : : i iH : Zi