The Brooklyn Daily Eagle from Brooklyn, New York • Page 38

38 BROOKLYN EAGLE, JULY 31, 1949 CUSTOM BUILDER ENTERS LOWER-PRICED FIELD Before You Buy Business Outlook it Summer School Pupils Plan Pageant on Teacher's Lawn PPM fTO PAY Corporation directors are see business volume dropping, that trend continues for another six months or so, they'll have to reduce or eliminate dividends. But they're hopeful. They're willing to give the economy and profits a further chance to make good. So, even though corporate earnings are off about 20 from a year ago, dividends This constitutes standard don't like to have jumpy dividend records 50 cents a share one quarter, $1 the next, and nothing the third. Therefore, the tendency is to maintain dividend rates, despite ups and downs ii until nov.

ma r)i5 I ror Low prices till ynA i yayr jf Wl J(iT ara.m.nl I AlKirN. that aw- III foveramaat ft f' I SlHi standards Ifs Hard- 8 CcZAf FREE ES- sL LSA-I SIDING vi PAINTINC i in profits. The policy imparts common stock, when, as, and if ditional capital. In the second quarter, corporations paid out an estimated 52 of their earnings in dividends as against 48 in the first quarter, and 38 throughout was much higher and in Directors' Dilemma Over the. years, directors -rtWl 01L BURNERS XflMSi' VIOLATIONS 1 REMOVED I lr ta.onesra- i I Wallpapering I about six out of every 10 dollars of earnings.

That high standard may not come back in the current era. Corporations have not found it easy to raise money by selling common stock. So i I Ni i '1 1' 'f 3 they've been holding on to the shareholders' money plowing back earnings in order to finance postwar plant expansion. A vicious circle results. Because corporations cling to earnings, dividends tend to ttay low.

Therefore, investors seeking high returns are less inclined to buy stocks. In turn, stock prices tend to stay low, and corporation directors are less inclined to float stock on the market. Their holding on to earnings increases the task of raising new money by selling common stock. Though companies are finding It harder to keep pace with I I Brick Cement 'J 'yli Weath'rstrip', OTHER WORK jnaBaiaaaMaMaiaMaMaHaMaBHaaMaaaavBva' 7 STORM SASH or COMBINATION DOOR Investigate nusco a. I -aartV Always in plact Yon never hare ta caaife a itorsa window or screen again SAVE 0P 35 Fuel Cost Fingertip ventilation control tbat permits jom te kave windows open safe from ifcowers and draft exposure.

Just lower storm task into place in winter slid up into storage position in summer. Easy to clean inside tb house. Easy to operate inside the house Controls frosting or steaming of windows. PJhl NAvarre 8-7800 RUSCO TRIPLE SERVICE WINDOWS 5002 Kings Highway, B'klyn, N. Y.

Please send your representative to my home to give me an eslimate. Casement Conventional NAME ADDRESS PHONE NEW LOWER PRICES AMERICAN RADIATOR OIL BURNERS Authorized Dealen Prtpart New For Wwtw OAKMOMT BOI1ER OS fired otters easefsee automatic Lsentitrg. Sctensiiio design provides roost heat at lowest eost. A W-ractrva gtreanelinorl jacket, fciet coo-plete) details now. JVm mmtlmatmm iX tllirtaea M.

MAYERSOHN Plumbinaj fir Heating Repair! Installation 1403 Foster Avenue, Brooklyn, If. T. CALL GEDNEY 4-6664 IC''A mihi' vfiasS lti VJ" s-tMi ftftO.O"' -r- -mmfV' tUf -M A i u-mpy li PjV--. S- Jil ii i tf i Laziest Man Detroit (U.R) Jewell Hollman stole a city bus because he didn't want to walk to a restaurant for a cup of coffee. "GOING PLACES?" PHOXB MA.

4-(i20O FOR IDEAS MO 9 A.M.-5 P.M. OlYlEi i i 5 A' OWNERS Let Mr. ARNOLD Vj MODERNIZE A I YOUR HOME! NO MONEY DOWN I Up To 5 Year To Pay Siding Celntes, Flintkota. In- I iflbr ie nther famous- I iimko titling, I Roofing 1 klini-MatwiMe, Bars' rett, Certain teed. Insulation Will keep your homa eool In tha summer- thn winter.

Filmst materials used. Painting Paperhanglneand I Oeeoratlno. Sherwin- I Williams, Dutch Boy, I other famous nama paints, other famous rwflna I For Frr Estimate Call Day, Night oY Sunday GEdney 4-2639 AIWOLD CONSTRICTION CO. 1531 Flatbush Brooklyn 10, N.Y. I I REMEMBER LAST DECEMBER? Don't War to Cotcli Wait for Cold Weathtr 1 Catch You Unprepared Squeezes heat from coal, coal gas, and smoke, before it has a chance to go up the chimney I Gas-tight, leakproof steel construction virtually frees your home of dirt and soot.

Direct-draft damper, locomotive-type bar grates. Readily adaptable for gas or oil and air conditioning. In 6 different sizes. See this famous Lennox unit today 1 WORLO'S LARGEST MANilfCTWURS MM ENGINEERS SF WARM HEATING SYSTEMS CALHOUN FURNACE CO. 554 Vanderbilt B'klyn 1435 York N.

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'l j. 1 lj )V I I I nm. SllllfSSI I I I VLENNQX immmmm mmmmmm i i tQ 0 20 i i STOCKHOLDERS True, corporate profits ago. But dividends are ia za 30 40 to to 30 a 10. "89 'S I4S 1946 Data D.frt ot Comm.rc.

Council of V.ra past earnings, they're not going of the first industrial companies 30 i wmmmm Corporate Profits vs. Dividend Annual ralsaaa adi) 15 or paoriit MID OUt to 4 1 is n- a. s.b:.e-f i i ii i(( i i ii iii ii i in ii i iii uk iii in 1 1 1 1 1 -By J. A. LIVIXGSTOJi acting even as you and I.

They profits shrinking. They know if are up 8 (sea chart). practice. Corporation officials greater value salability to the the company wants to raise ad 1948. Back in 19.39, the proportion 1929 it was 69.

customarily let stockholders have NEED NOT CRY are 22 below a year up 8. to 30. 10 zo. jq a ia. 2a 30 4a 1947 1948 1949- Ad.ia.ra PnpairJfrrJ A Livincjaion into the red.

In my tabulation to report second quarter earn Percent Change, From From 2d Qtr. '48 15 53 37 53 8 52 58 13 34 35 18 24 1st Half 1948 11 41 29 45 15 84 40 10 20 Industrr Machinery Office Equip, Paper ft Pulp R. Equip. Retail Trade Textiles Tobacco Tools, Hdwre. Misc.

Total Industrials Utilities small producers. Exclude General adjustments of industry. Once the first five months of this Thus, the net change in pur from one another was at an billion. That's a lot of business nnxmft in Mour V-iL- rit Vjt J. iX lljytiaij VlllLClU, sJl.

IB i ii ii lit 1 1 1 1 a i i ii i 1. 1 ii i. i sr MODERN STORAGE IN rr INDIVIDUAL COMPARTMENTS fT LOCAL lAtng Distance Mover rS MAINE to FLORIDA j-j- MID-WEST WEST COAST BY VAN AND RAIL L0W c- c- RTES 1 Part Loads Accented. Agts. In Prln.

Cltlea INSURED BONDED LICENSED PIcKem Dickens 6-4348 SPECIAL SALE RADIATOR ENCLOSURES SAVJ UP TO UVi ISUintalfi iijjiafiiiwtM" rf i MADE TO ORDER Heavy all STEEL enclosures BAKED ENAMEL FINISH Your Choice of Colors Formerly $15 NOW Formerly $11 $20 $2S now 6 SHEET METAL WORKS It 79 Flotbush B'klyn, N.Y. BU 4-5221 Bi gg 1 1 'l ings, 116 showed decreases in profits from the second quarter of 1918, 63 increases. However, only seven reported deficits. Exceptions to the Trend Excluding General Motors and the Big Three steel companies (because of their dominating size), the overall decline for the companies in the tabulation was 18 from the second quarter a year ago. (The Council of Economic Advisers estimates earnings in the second quarter were off 22 from a year ago.) For the first half, the drop was 9.

Industries which managed to buck the downtrend (on the basis of these early returns) were auto and auto parts, cement, drugs and cosmetics, railroad equipment, the Big Three steel companies (U. Bethlehem and Republic), tobacco and beer. Utilities showed a good gain over a year ago. The following table shows the change in earnings from last year on (1) a quarterly basis and (2) a half yearly basis: block in extent, is one of the Summer teachers at the school, located at Avenue and 64th and during the regular school season teaches at the Glenmore Junior High School, Brownsville. Children at the Summer school were given the oppor tunity to decide what type of pageant they wished to present.

The Indian costumes to be used are the product of the in dustrial arts class under the supervision of Anita Paris. Aaron Shay, JjrTtiarge of intermediate boys athletics, will supervise the Indian dances, re lay races and other sports which will be part of the pageant program. Parents and friends of the students will be invited to attend. Mrs. Raymond's property, known throughout the area among the children and the bus drivers as "the teacher's house," appeals to the children who at tend the Summer school.

Partially covered with flowers the place provides nature study for the children, who are very careful never to destroy any-thing on their visits. Veteran of Mexican War Dead at Age of 129 Victoria, Tex. (U.R) When the Civil War ended, Jose Garcia was middle-aged 45 years old and had taken an active part in Mexico's war with Texas In 1835. When the first World War ended in 1918, Garcia was 98, but still showing plenty of pep. Ten years ago, he received wide publicity when he registered under the alien registration act, giving his age as 119.

He walked to this south Texas town at the time from a ranch where he was working. But Garcia will witness no more wars. He is dead at the age of 129. Looks Like 'a Large Order' Editor Old Timers: Are there any Old Timers who can give an outline such as history, of the proposed Narrows Bridge across the Narrows Gateway? It seems to me that as this proposed project was approved by the army engineers, it would be interesting to many readers to know the origin of this pro posed bridge. DUDLEY MA LONE.

Old Timer. WhoKnows What Re Marty? kditor Old Timers: I hope someone can tell me if It is true that Marty Rowan of Williamsburg was onetime "king" of the Mardi Gras at Coney Island and if so about what year was it? Could someone furnish me with further data as to whom Rowan fought in the prize ring and what become of him? Is he dead or alive? A READER. A SPECIAL OUTSIDE WHITE A dependable ONE COAT WHITE with ability to keep itself clean. SAVE 40 painting coata and keep your Dream Cottage WHITE. Lasting protec tion.

ASK. FOR FREE SAMPLE Use Pepcoater Exterior Primer-let Coat. NEW WORK Requires TWO COATS. Linseed OiL Turptntine Alcohol 2.19 Gal. .49 Ga.

59 Gai. In Yoar Container Pure White Shellac3.30 GaL "Beauty By The RoW Free Trimming Service WE STOCK JrVALLTEX fir CONGOWAL OPEN EVENINGS TILL 9 2 1 )om Pf I I fl COAT ii PUME S-1 SPECIAL )i 1 In an attempt to meet the demands of the average home-seeker, Frank Farber, builder of custom-built residences, has entered the low-price range in homes that enroody the same principles of construction and use of materials that he employed in his higher-priced models. Located in the Stewart Manor section of New Hyde Park and selling for $9,990, the homes contain full basements, finished attics, colored tile baths, oil steam heat, recessed radiators, automatic hot water and insulation. The custom-built kitchens are equipped with oven-control gas ranges, cabinets with col ored formica tops and inlaid linoleum. MORTGAGE FIRM ISSUES SIX-MONTH STATEMENT Thomas II.

Uuinn, president of the Inter-County Title Guaranty and Mortgage has issued a report and statement showing that the firm closed 11,000 titles in the first six months of 1949. Its Brooklyn office is at 155 Remsen St. In the same period, 12,247 individual applications were received, representing a net increase of 20 percent over the first six months of 1948. The net earnings of the firm, after taxes and provisions of ample reserves, were $055,478.88. 'Kate' Sells Out in West Messrs.

Saint Subber and Lemuel Ayers, co-producers of the smash musical hit at the Century, "Kiss Me, Kate," returned last week from the West Coast where they launched the national company at the Philharmonic Auditorium in Los Angeles. They report the advance ticket sale for four weeks in Los Angeles has reached the absolute capacity of $218,000, breaking the record previously established by "Annie Get Your Gun." Although "Kate's" national company, which stars Anne Jeffreys, Keith Andes, Marc Piatt and Julie Wilson, does not open in San Francisco until Aug. 8,1 advance sales there are piling up so rapidly that there are only a few seats left for the entire six weeks' engagement. Now that both companies of their show are playing to standing room only nightly, Subber and Ayers are preparing the production schedule for their next musical, which will be another Cole Porter show, with music and lyrics by Porter and book by Dwight Taylor, scheduled for a December opening date, here. "GOING PLACES?" PHOXE MA.

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KVEKVIK. Pres. 6115 Fifth B'klyn 20, N.T. GEDNEY 9-7738 HHL BURNERS" willl GENERAL ELECTRIC MOTOR Mu.u.nii. ii ia COMPLETE 269 CONVERSION 5-Year Service Guarantee Brand New Nationally Advertised Steel BOILER BURNER UNIT Tankless Coil 475 Expertly Installed 3 YR8.

TO PAY NO DOWN PAYMENT A. M. FUEL OIL CO. 1066 UTICA BROOKLYN, N. Y.

KwDlckens 2-5951 For Best Quality PAINTS Our Prices Are Reduced SHELTER-Pure Linseed Oil, lead 1 Zinc Outside White. Gal. 4.35 SHELTER -Porcelain White Enamel. Ot. ,95 Gat.

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No washing over old Kalsomine necessary. Gal. 2.20 SIEPIJSM -White Enamel. In side and Outside. Non-yellowing, refrigerator, furniture, etc.

Gal. 4s40 Full Line of Painlert' Supplies PAINTS WALLPAPER 265 5th Ave. (Near 1st St) SOuth 8-8977 1mm "Indians" in costume will flit in and out among the pine trees on the lawn of Mrs. Eula Raymond at 7311 Avenue on Aug. 19, at an Indian pageant to ce given by the Sum mer pupils of Public School to mark the close of the school's activities.

Mrs. Raymond, whose home property is about half a city CARRIER AIR CONDITIONER INSTALL NOW IN YOUR OFFICE OR HOME Ideal for Business and Professional Offices, Bedrooms and Living Rooms. Immediate Delivery and Installation TERMS AIR CONDITIONING CO. OF AMERICA 1653 BEDFORD AVE. Brooklyn 25.

N. Y. SLocum 6-8800 SHOUTNC AUTOMATIC Boiler Burner Units Assures Year 'Round Heat and Hot Water CONVERSIONS COMPLETELY INSTALLED i'EARS TO PAY Phone for Representative NO OBLIGATION Old jaraget extended to fit your new car Complete new Carafes built at home or afar Contractor BE. 6-3742 LIBERTY install! a fully automatic Oil Burner ia Your Home. No Down Payment, 3 yean to pay.

First payment Not. 1, 1949. Licensed and bonded workers. Installation consists of: Oil Burner with G.E. Motor All Minneapolis Honeywell Controls Combustion Chamber Draft Stabiliser 'j'li-Gallon Tank and Cause Electric Wiriiir Vent Alarm Copper Suction Line All Pipe and Fittings Fuel Oil Permit Full Guarantee FOR FREE ESTIMATES SHore Road 8-7100 B'KLYN, N.

Y. ill mtwM $900 irwmrw ENGINEERED "sj INSTALLED SERVICED FUELED BY I I If Percent Chang-a From From Jd Industry jtr. '48 Autos, Parts 26 Beer 66 BldK. Mat. 18 Cement 19 Chemicals 12 Coal 14 Copper, Zinc.

etc. 72 Drugs, Cosmetics 3 Electrical Eq. 32 Poods 4 Household Eq 61 Iron Steel 20 Bis Three Steel Cos. 67 1st Half 1018 13 64 13 28 4 15 18 31 17 2 63 6 Excludes General Motors Primarily Motors and Bi Three Steel Companies, The decline reflects internal Oil R. ir BE COOL! BE COMFORTABLE Stores, Offices, Factories WORLD'S FINEST WORTHINGTON prices began to drop.manufacturers, wholesalers and retailers curtailed inventories.

Whereas in the first five months of 1948, inventories rose two billions, in year they decreased two billions. chasingof business men buying annual rate of more than eight to poof away just like that. Inventory Turnaround? I tags Some turn in inventory policy may be at hand. The drop in business loans, which has been continuous since Jan. 19, shows signs of subsiding.

True, last week, Federal Reserve member banks reported a decline of 97 millions. But 75 mil- OVERHEAD GARAGE DOOR SPECIALISTS Easy Operating, Single or Double Custom Built Doors Wood, Steel or Aluminum 8x7 l-piece Door, $85, Installed linna tViit nrrr nyicn 1 -i vet a UUUli' J- A P1A i' tUtlfli CONDITIONING installation with new 3 phase plumbing and fresh air else required. TO PAY! $1385M DELIVERY I Louis, Minneapolis, Kansas City and Dallas loans for commercial, industrial and agricultural purposes expanded. This suggests that a strategic change, in business policy may be at hand. Business men, apparently, can't hold off purchases any longer.

Their inventories are too low. The con tinued upturn in non-ferrous metal prices lead rose this week again supports the thesis. ii i nxv ii-iLiuuR 3 TON AIR CONDITIONING Bedford Ave. SLOCUM Planning to Modernize, Convert or Repair Your Home? ht.t rN wtiiil BiAiiffAri AIR Complete electric service, duct. Nothing 3 YEARS IMMEDIATE Ft I fit iKr l- A door to fit any farate At a minimum charge A year guarantee An estimate free JIM McKEON, 1133 82d St.

Includes All Labor i Materials ALSO American Radunor Pacific Kewanee Fitzgibbons Koveri Columbia Capitol BOILER BURNER UNITS AT OUR NEW LOW PRICES LIBERTY PETROLEUM MRP. I93b 1073 BAT RIDGE nmi-'i .1 I -II irii- I CO. OF AMERICA Brooklyn 25, N. Y. 6-8800 BUILDERS SERVICE BUREAU BR00XLYN EAGLE 24 JOHNSON ST.

BROOKLYN 1, N. Y. Miu. 1 Write us for advice and recommendations for finding dependable contractors or.where to obtain quality materials. Please mention the type of materials you need or the kind of work you want done.

lusErais) I If free service LEATHERNECK LEISURE Pfc. Jim Cruise, borough marine corps reservist, of 3620 Flatlands Ave. seems to find historic Williamsburg, extremely interesting in the company of attractive hostess Jo-Ann Smith. A member of the 14th Signal Company, 22 Chapel Pfc. Cruise is on two weeks training duty at Camp Lejeune.

as.