Northwest Arkansas Times from Fayetteville, Arkansas on February 21, 1952 · Page 8
Get access to this page with a Free Trial

Northwest Arkansas Times from Fayetteville, Arkansas · Page 8

Fayetteville, Arkansas
Issue Date:
Thursday, February 21, 1952
Page 8
Start Free Trial

| r i----MOtTHWKT AlHUMUi TIMIS. fc«tW««lflt. ArliMMM Thurtdoy, Ftfcfwy 11, IfSl Higher Taxes, Rising Costs And Consumer Resistance Strike At Business Profits But j;lndustry As A Whole Retreats Slowly I r.S{ Br SAM DAWSON i J| New York-OT-nisinij cnsls n m ) M ! i v| higher .luxes smash hnrd at ihc. ! . t f p r o f i t 'Jne of. American business.!" Sj But Hi* ndyancliiK M i n i m s ofi ' £'tome industries offset in part t h e j Ah n vs'.iulc. caniliiKn of Ihe 16 were down 8.3 per cent. Qi\?., rubbers, airlines pushed icad. I n d i v i d u a l companies in i olhrrr industries Jtlsn scored vnnccs, defying cosls'aml taxes. « sharp setbacks of others, and keep t the retreat orderly f if « whole. .;. The records of 32fi companies-a KampHng of the first leading Utilities and metals its a whole for business helped bolster the profit lint and keep the dec-lino figures rnok'rnto for the economy as a whole. Textiles were Ihe hardest hit ;|j manufacturing, retailing, trans- · jj'portatinn and service corporations ·j lo Issue 1991 a n n u a l reports-- '·· S' show their combined net profits : .'r fell 8.8 per. cent below the total " k for 1950. Together they reported 4,027.190,OZ7 for 1051 after taxes, drop of $303,324,311) from" the -;tj $4,420,814,346- these same 326 rc- ^ 'ported in 1050. J' ,i ·' The retreat of earnings wi» {· ..£ gaining speed as 1951 ended. Ant ·^ · ' tKttlf t-*nni-t* ti\f t h n f t i - e l *\\*t*r t : - · . ^ IheJr reports for the first three 9 .i month* of 1952--to be issued a . \ ^ couple of months fronvnow-- arc f 'j'ex]xclcd lg be particularly sorry · ' Jenkins when compared with the .' -vj (first quarter of 1051, when many :', ' 'I j 1 ' tnc "i 5ct earhings records, The ''.'·'. '.'f {first quarter of 1051 was free of '! ···'! tfic new hifhcr taxes which look ": ;i; Affect last April 1 and depressed ^ 'j. profits progressively -for the rest ,.' '·.·ii "JX the year. . . '·i : ·!* I Th«. two-way nlrcct tliat busl r - "$ |)*s« has been traveling--one part ,'.'; ^| of : Ihe economy, Rolng downhill ., ,t Awhile another part climbs--is ,' : ·£ feieirly shown by this sampllnj; of ' ''~ jiorporation. reports. 'Although inly three companies report n net many show final h a l f . ' i n contrast* :many good companies ·|j jieyer had it'so good; profltwlse or '9. : ifny otlici wise. ; '.(s C*rv*ritltn TreHmlll ' I' · j';But for many a corporation, the j |treet has become a Irendmlll. A '^ (Izable portion of the .126 puehcd j lain to record peaks, offset rls- 'J fat costs enough to report record '. ? ihroiis earnings for the year. Then .1 ^ie lax collector turned the crank :i »n income and excess profit levels. ind the companies slipped back, with net income lower than the year before. I Leaving out the 130 rnllroads In ihe list, of the 11)6 corporations Campled 125 hud declining profits »nd 71 Improved their net In- up, and all (he retail, food, to bacco, pii|)«r »nd farm machinery company earnings* were down. Many induslrics blamed controls for their pllcht. . Controls t h a t held down prices while costs rose 1 ,' or controls that cut back production toward the break-even point.^Olhcrs added the consume! to their complaint list--the cus tomer Who was price-resistant awl reluctant to buy their wares. Some firms found salvation in defense orders but many said such orders weren't enough yet to offset the slackening of civilian goods business. ' All paid out n hither percentage of enrnin^s for taxes. Accounting System Job Needs Bids, Says Murry* T toc : k-M-/-AUy. Gen. Ike Murry Kays (ha 1 , any contract to revise the, iict'ountintf system of the ,'iUilc Highway Department be let on competitive bids. The opinio;i 'WHS requested by Director Olon Fullcrton. A contract for the project lias on negotiated b;- the department vith the- Jou'Btinri Compnny, of LiU!c Rock, but highway o f f i - cials h i i \ c not signed it pending Murry's (lecl.sion. The d'jpjirlipenl decided to remodel- its bookkrepitiK system, purchnsinft procedures and 6thcr fiscal opera lion.s as a result of re- ; j i bnly three companle j "i Joss, for the year, * ',1 kh.cp drops In the I 41 i. CINTM ·*·. 3JJI SPRING FABRICS Two February Cut-Price Specials 89c RAYON GABARDINE 41.43' / / *- Yd. 0 Mod vcnalile fabric favored for ill wonderful wearing qualities, Specially flfmhed lo reiisl creating, rhil Rayon Gabardine ii Ideal for tailored or «oft- droplno faihiont, children 1 ! wear. Your choke of patteli, brilllonti, dark lonet. 35-36" (!) Fovoril* budget Collon now price- cul for even greater tavingi. For jtyle, quality, jerviceobility, ll'j your beit buy. Bright, waihfoit prinh for home dreitei, children'! wear; ideal for home acceuo- riei, loo. QKMM from oiiorled motifi.' Linen-like »oyon. Waihfait fo 89c Combed Chombray. Cloiely wo- 1 Art° CL,:.L_.. i I I _ J i_ . . ' 160°, Shrinkage controlled to 2%.WHecoteraiwrtm.r,t.39*. fcir-MII Suiting. Memwear-rypct In ihort»kin and pinpoint weaves, Yd. ven o( mwotti, mercerized coHon. Vot-dy«d, Sanforized. 36' Goley t 'lord Yordillrt Ohg- hom.Creaw-reililont,Sonfofired panies rcportlns so far mndo a whole less than hnlf as much in because of m i l i t a r y orders. The first of the big a u l o report shows earnings profits dwindled around o n e - f i f t h food, tobacco, liquor, building ma' terials and 'farm machinery. Slrtl Suffer* The steel working at a record pace and soll- TM ultl lllr n out, suffered decline of 4.5 per cent U l l l l t y profits as n whole were unchanged, although of (he first cent criticism by the slate Mlgh- w»y A u d i t Commission. Highway Commission Chiiirmnn' J. B. Lam- i/ornpriiiies solni; niialnut the trend bert of Helena wild last night that ot the majority. But in a few Ihe special 'commission mce.tinc ni; bids on the project reportini; were w i l l be culled shortly VEGETABLE SHORTFNING ;.-^. 3-lb. Cgn Royal Guest \Q|) lbpk 33c LARGE HIE .(olfile Tooth Pisle . . . 47 REG. SSe ilka Seltzer . . . . . 49c ll-OZ. BOTTLE Rubbing A l c o h o l . . . . 15c 'REG. S1.25 BOTTLE Hadacol 69c PALMOLIVE LARGE SIZE Shaving Cream . . . . 35c Mineral Oil, pint . . . . 39c LARGE SIZE Halo Shampoo . . . . . 57c 45-LB. STANDS Auertfd fevers JELL-IT 3 tigs, to JGA fen* PORK BEANS 7 No. 300 * rt * c on . 25' HYDE PARK Turnip Greens, 3 cans 29 SALAD BOWL QT. JAR Salad Dressing 47 Pel Milk 2 ^ 2 7 * MRS. TUCKER'S Shortening c. c L69 YELLOW Gold Bar Oleo.. Ib. 19c DEL MONTE Sweet Peas.. ..can 19? GOFF Tomatoes 2 c°.» 31C DEL MONTE Spinach.. No, 2 can 19 PY-O-MY Free Baklna Pan Cake Mix. , 75C Cain's Coffee.... lb.79c STAR LAC Powdered Milk, pkg.39c PURE LARD '5. IGA TUNA ssff N ^;' 35c PEANUT BUTTER A 29c CORN BEEF HASH ' 47c IGA DILL PICKLES °yr 25c OCEAN SPRAY '-asr 19c SOAP POWDER .$£ 27c IGA COFFEE v «gr £,79c COUNTRY SORGHUM - 98c FRESH COUNTRY LargeEggs ^ 30' 12-oz. Con Pimento Pork Beans 2 35c 69 C 19 C Cove Oysters *· 35 C Marshmallows^33 c Cane Sugar See What a S Buys at IGA Northern Tissue, 12 rolls $1" MuchmorePears, 5 N cJ M $1 Dry Soaked Peas, 13 cans $1 Baby Food,12 cans . . $1 Fruit Cocktail.. 4 £:, $1 IGA . Orange Juice . . 5 4 £:$1 oo 00 00 00 00 FRESH FOODS from IGA A Armour Star CHILI CON 16 -° z CARNE Can KELLOGG'S BRAN p . 01 n FLAKES P k 3 'Z 1C F R E E R E C I P E S 10 Ntw Ways to Serve treekfest OUR PRODUCE IS FRESH DAILY 2for IGA MNCAKE MIX i l R 27f Pkg. 33c Now Is the Time to Buy Red Potatoes . . 5 S;' gb 2.39 Fresh Crisp Cello Carrots, 2 bags 35c Marshseedless White Grapefruit 5 for 29c Frbesh Crisp. Pascal Celery, 2 stalks 19c Red Ripe Slicing Tomatoes 2 Tub » 29c Bulk Turnips, 3 Ibs. 25c Wilson's Corn King Sliced Bacon . Fresh Fryers - Lean and Tender Pork Roast .. Pan Site Whiting Fish . Pure Pork Sausage . . . . lb.37c . lb.53c /· . lb.49c . Ib. 19c . lb.39c STORE No. 1 5. Side Phone 94 CONSUMER SUPER IGA MARKETS PRICES ALSO GOOD AT PUILIC'S IGA MARKET, SPRINGDALI STORE No. 2 300 W. Dixen Phone 240

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 8,600+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free