The Key West Citizen Newspaper, April 21, 1953, Page 6

‘a: re essere ] THERE ARE MILLIONS LEFT*WHICH YOU N YOU CAN Your to Af wie owes aNomiE® PAYMENT! IF HE DOESNT NOGUOD HSVTS [S$ PEREZ, 19, son of Mr. and Mrs. Nick Garciz, 292 Truman, is completing his AF basic air- man indoctrination course at Lackland Air Force Base, Tex- as.—Air Force Photo. TODAY'S BUSINESS MIRROR By SAM DAWSON WOLNVHd AHL NEW YORK A cheery profits report card is being handed in so far by American business. three months of this year show running 13 per cent ahead of the corresponding period last year. Two-thirds of the companies did better this year than last. Of the 26 whose report cards are poorer, three operated in the red. Last year four of them showed a net loss. The period for which the com- |panies are reporting is the one directly preceding the start of the Kremlin's peace hints. The effect }0n business production and prof- NVISIDVW FHL INVAAGNVW | recorded. ~ And this year’s good showing is in contrast to last year’s poor one. The first three months of 1952 business profits were trailing the 1951 first quarter by 9 per cent. That 195% first quarter, in fact, marked the high point of profits, From that quarter until the third quarer of 1952 profits consistent- ly fell below their marks of the preceding year. The turning point came last summer with the end of the steel | strike. Profits climbed sufficiently in the last half of 1952 to all but erase the slideback of the first | half, so that for 1952 as a whole business fan almost neck and neck | with, its 1951 profit performance. A;anajority of business execu- tives, are predicting that the first half; of this year will show con- tinued. profit gains. Then opinion divides, with many still betting on the year as a whole but a sizable LIog Nag DIg off in the final months. The 79 companies who have r | ported to date are but a sampling lof the multitude yet to publish al their figures. And the 13 per cei | gain, therefore, cannot be con {ered as more than an indication "Sof how things are running. ™| The companies are scattered | throughout most of the major in- | dustries. They range from small | firms to king size. Together they show net pi j after taxes of $170,401,027 for Jan- uary, February and March. The preceding year the same firms had_ $150,382,448 net gains, a gain of $20,018,579, or 13.3 per cent. The U. S. Treasury is the loser. In fact, there is talk that corpo- rate tax payments—especially as la result of last year’s tax credits by many companies whose earn- ings slipped—are disappointing. | Treasury officials now fear the tien imore than first expected. Among the 26 companies show- profits off this year from last in the textile, brewing, cement, building mate- , container, metals, air business machine indus- LIZM VLU | Louisa Street, is completing h | AF basis sirman indoctrination | course at Lackland Air Force } Base, Texas. the “Gateway t i the Air Force."—Air Force tat. The first 79 companies to issue | earnings statements for the first | their combined profits after taxes | \its of the peace talks is yet to be | number: looking for a slackening | °THE VOICE OF LOVE | REAT was the excitement re rich men. They-don’t have to grub for a living. Therefore-the hospital will be properly run at a cost all can afford to pay.” Yet Captain Johnny Lord had a different view of that when he called Saturday evening to take Ruth to the mass meeting. “It’s cockeyed, Ruth. Here’s a fellow who could be going back to New York in the fall. ( don’t know how much his uncle makes, but if Dan Curtis is his ageat he must get at least ten per cent of those earnings. So «vy does he want to stay here? He won’t ever make the money here that he can make in radio.” > “Perhaps he’s a doctor who wants to be a doctor.” “Bob washed up, Ruth?” She wished Johnny would stop looking at her that way. She wasn’t a monster! She hadn’t be- trayed anyone! She'd never given “I never loved him, Johnny. I like him very much. But beyond that—” To her relief, they reached the park. thing as she glanced around at the crowd. 3ost of the people there were merchants and their families, farmers and white-collar! workers. The fishermen were con- spicuous by their absence, as were the farmers’ hired hands, and the lower paid people who worked in the various stores. A chill went through her. See what harm Dan Declare Junkman Is Using Unfair Competition; Hurts Local Business Complaint of favoritism and un- fair competition has been stated by Mrs. Bessie Kaplan of the Key | West Salvage Company which is located on Stock Island. In a state- ment made to The Citizen, Mrs. Kaplan charged that Dave Roche who is in charge of the city dump| ing a fortune at city expense” as | well as ruining the salvage eom- pany’s business. | Mrs. Kaplan said that as a re- sult of Roche's activity the Key} West Salvage Company was vir- |tually being “run out of town.” | She stated. that Roche is cutting | prices and getting all the business, \that he pays no occupational | Hicense, gets his discarded cars | and other junk from the city dump, sing city equipment to gain pro- it. it. Sbe continued, pointing out that roe Key West Salvage Company But she discovered an unusual | fine has a “gold mine” and is “mak-|, this a 'd dit the town on class F'nes.'With prac- tically one stroke of his pen he’d clouded the issue. Now the hospi-| ing tal was unim; it to these peo- ple. A deadly insult had been given, and — er ee fight, reason. She shivered. “Johnny, this is terrible!” HE nodded. As they found seats} bad down front the fre-depart- ment band played & fanfare and up jumped Mayor Luigi Luchetti to the platform. The first shot of was to be answered. the cam pal ma e friends,” he boomed geniajly, “she’s a pleasure for to see you again. Me, I don’t talk the Eenglesh so g but_ the she’s in the t place. | 1 You vote for me, you no vote for me, she’s all the same to. me. Mayor Luchetti, she’s love all of you ‘tonight. “She's love you too much,” he boomed on, “for to see the taxes| be og) Me, I work for the living, ‘ou, you work for the li same as me. But do we get ahead Hah, see what the food costs! See what the shoes cost! See what the ear costs! This makes me for all the peoples and for Mayor : Luchetti, too.” Bob reason to hope she'd marry | him! $ meals, s! a ‘ine all. She’s joosta man led into water by another old man deserves the pity, too. for she’ worn out from forty years of the fine doc.” it was a good show. In the that followed Ruth heard sentiments of che mayor repeated over and over agaih by his fol- lowers, ‘ Roche Charged With Making Fortune Using Gity Equipment FAWTU Course Completed By Naval Officer Lieutenant Edward G. Wilburn, USNR, son of Mrs, Isabel S$, Wil- ther Flight at the Fleet All Wea- ther Training Unit, Atlantic here. The course consists of advanced flight training in instruments and | might tactics designed to qualify the pilot for Carrier All Weather Squadrons, He will report to Utility Squad- keeps the dump in good condi- tion using a bulldozer and aise sprays the ares. ror handling the dump he is allowed to keep | pays a city license fee of $350 aud | ly. jhas invested thousands of dollars | in their now dwindling business. | “I would gladly leave town if| j the city would reimburse us for the investment and return the $350 jlicense fee,” the woman said. City Manager Dave King defend- ed Roche, 79 ALT MALL Ra NIATTIVINIAIL S) A O1T) # WIE AIRS | T1010! OLLIN TIE ID] SINE TE] DEVE JL URAL BET wy ii ALi) Te VAS a ii i le Ba yile & sail g z # a B 3 Het ln i H Parisi i i F FERRE RE ital “il ti iat Nisan 8 pera tatts ree Ff Ee i ee