In all the gross value of work handled by most shipbuilding com-variies for 1940 will be the best since ihe "World War. and a further substantial rise is indicated for 1941. With the greater use of yard margins, a material expansion in operating Profits is assured for some time ahead. Although excess profits taxes will be heavy in some cases. final net earnings should be well above those in recent years.
The high level of domestic business should cause a gradual rise in tonnage by costal and intercoastal operators in coming months. Larger cargoes should also be made available to those vessels remaining in this service as a result of the elimination of a number of boats by sale or charter in the past year.
However, companies depending solely on coastal traffic will be handicapped by continued narrow margins. sce costs remain high and competition from the railroads will prevent fully compensating advances in freight and passenger rates.
At best only modest improvement in their earnings is likely during 1941. On the other hand, those concerns able to sell some of their boats at a profit or to charter vessels for their Production of cars and trucks (Ward's estimate) 128550 129.240.
Pare, (units)
Such as aircraft manufacturing, also corporations with wildly fluctuating profits and large invested Brown & Dark Crepe Bark Creve (Earth Rubber) 2614—26: Virgin Lump gaining American investments as collateral rather than their liquidation.
Tu Manger zx Figures Thursday Feb. 20°Feb..27 average for 1940 Industries 11999 12187 Rails 2108 average
Utilit. 1836 average for Manila Gold Sharks {Bids in Pesos) Mar. 1 Bid Prices hi 946 963
3,699,000 3,630,000
127,500 129240 ill be prone to remain caus jòus and await developments.
LIN
Text read from the printed page and cleaned; old type leaves the occasional error.