Index

Oscar F. Grab last week bestowed his $1,000,000 dressmaking business upon 14 employes. Modest: "I couldn't have made a success without their assistance." Tireless: "I want to try something else." Generous Grab's "something else" is the executive vice-presidency of the Lefcourt Normandie National Bank (Manhattan).

Shipping. Defraying three-fourths of the construction expenses of four combined cargo and passenger vessels to total 32,800 gross tons, the Shipping Board last week loaned the Export Steamship Corp. of New York, $4,500,000. This was the loan under the new Jones-White Merchant Marine Act.

Air-caravans. Promoting regular, efficient, transcontinental air-caravans, the "biggest" National City Co. (Manhattan) and the Pacific National Co. (Seattle) are investing between $5,000,000 and $10,000,000 in the Boeing Airplane & Transport Co., new, vigorous, ambitious.

Stage. In 1927, 39 manufacturers produced theatrical scenery and stage equipment to the value of $5,745,472, an increase of 60.6% over 1925.

Seats. Last week, one of the 550 seats on the Curb Market was sold for $120,000. There are exactly twice as many seats on the New York Stock Exchange, each exactly four times as valuable.

G. E. in England. General Electric last week apparently accepted a subordinate place in England's electrical industry. Its British Thomson-Houston Co. sold a majority of its common shares to the Metropolitan-Vickers Electrical Co. which controls other electrical concerns. But British Thomson-Houston's chairman, H. C. Levis, is to be Metropolitan-Vickers' chairman. Hence the deal was a consolidation of similar interests, not a G. E. sell out.