OBAMA'S GUN PLANS SPUR RUSH FOR WEAPONS AND AMMO

Telegraph, UK - Manufacturers are struggling to keep up with demand, and many gun shops running low on stock as the US public buys weapons in anticipation of tighter controls. On the campaign trail last year Mr Obama proposed restoring a Clinton-era ban on several types of military-style semi-automatic rifles and high-capacity magazines, as well as background checks for buyers at gun shows, and other "common-sense measures".

His pledge has proved a potent catalyst, with manufacturers recording soaring profits since his election. "Since November, sales of firearms - in particular handguns and semi-automatic hunting and target rifles - are fast outpacing inventory," said Steve Sanetti, president of the National Shooting Sports Foundation, the trade association for the US firearms and ammunition industry. "Americans are clearly concerned about their ability to be able to purchase these products in an uncertain future," he added.

Smith and Wesson last week posted third-quarter profits of $2.4 million, reversing a loss of $1.8 million over the same period the previous year, as its pistol sales leapt 46 per cent and tactical rifle sales more than tripled. Another manufacturer, Sturm Ruger & Co. reported an 81 per cent increase in takings. Demand for certain ammunition is also outstripping supply as enthusiasts build up stockpiles ahead of threatened tax increases on bullets.