Off Again, On Again

Unpredictable Andrew Jackson Higgins was going back into the boat-building business. Apparently he had forgotten all about his determination to shut up shop because of labor difficulties in New Orleans (TIME, Nov. 19). Last week Higgins announced the formation of a new concern, Higgins, Inc., which he hopes to finance by selling $10,000,000 in stock to the public.

For its plants, machinery and contracts the present Higgins Industries, Inc. (chiefly owned by Higgins & kin) will receive $3,768,000 in cash and 25% of the outstanding stock in the new company, under Andy Higgins' plan. He will be president, and other officers in the old company will take over the corresponding offices in the new firm.

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