Sorg Papers Earnings Slump Downgraded in 1952 First Half
D G Driscoll president of Sorg Paper Co reports to stockholders that first half 1952 net earnings after taxes were 14383 31 compared with 375351 65 for the same period in 1951 Prices in the paper kraft segment fell sharply and kraft business was lost while two high producing machines operated at greatly reduced levels Officers stress progress on long range kraft and sulphite specialty plans but warn recovery will take time Meantime other machines performed well in the six month period ending midyear and show favorable comparison to industry trends
MENTIONED IN THIS ARTICLE
Sorg Paper Company
D. G. Driscoll
Driscoll
Sorg
U S Helps Strengthen Italian Armed Forces
Rome reports that Italy's armed forces have gained about 800 tanks and 328 war planes from American aid since the program began and will continue through the year as noted by officials.
MENTIONED IN THIS ARTICLE
U. S
Rome
Italy
OPS to Close Cincinnati District Office
The District Office of Price Stabilization in Cincinnati will close at the end of August. The central office will be in Cleveland serving 22 southern Ohio counties with a skeleton staff. After September 1 only the Cleveland office will operate in Ohio.
MENTIONED IN THIS ARTICLE
Cincinnati
OPS
Ohio
Butler
Warren
Preble
Cleveland
Sydney A. Hesse
Kentucky
Michigan
Ben O. Stoner
Congress
Hesse
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