Evening star., 1936-11-06
NATIONWIDE BOOM
IS REFLECTED IN
BUSINESS REPORTS
10 Per Cent Increase in
Wages Granted Many
Steel Workers.
CHRYSLER ANNOUNCES =,
BONUS OF $4,000, 900
Millions Added to Employer
Funds as Huge Dividends Are
Everywhere Reported.
BULLETIN.

DSA66AA
PITTSBURGH, November 6 LP1.
The Carnegie Illinois Steel Corp.
today announced an increase OF
5la cents an hour In the basic
daily pay for its plant in nearby
McKeesport.
NEW YORK, November R.-
Bethlehem Steel Corp. announced
today an increase Of 5l3 cents an
hour in basic labor wages, effective
November 16, with equitable ad-
Justment in other rates Of pay"
By the Associated Press.
NEW YORK, November 6.-The
business panorama glowed with news
Of higher wages, higher dividends,
heavy freight movement, advancing
prices for metals and selected secur-
tiles today.
Copper rose to the highest price in
six years, q few stocks reached new
tops since 1929 or 1880.
Columbia Steel Co., U. s. Steels
Pacific Coast subsidiary, announced .
10 per cent wage increase for its 5000
workers. as negotiations for wage ad-
justments for the remainder of more
than 100000 u s. Steel workers went
on In Pittsburgh.
Chrysler Announces Bonus.
Chrysler Corp. in Detroit announced
$4.000.000 bonus for some $1,000
orNrlnuAS fn Ia Vai4 hn ~
December II.
Directors Of Standard Oil Co. New
Jersey, meeting in New York, ordered
an extra dividend Of rs cents q share
in addition to the regular Of so cents,
making q total disbursement Of about
$50. 750. 900 to shareholders.
After announcing the dividend
declaration, President Teagle also dis
closed that the company was making
a special contribution of $4,500,000 to
the corporations thrift plan for en-.
ployes, in addition to its regular con.
tribution to the plan.
The American Iron and Steel In
stitute reported that employment in
the steel industry in September broke
all records for the industry with
526, 700 workers on pay rolls, com.
pared with 522, 400 in August and UP
% per cent from September of 1885.
In Chicago, the Board of Standard
Oil Co. Of Indiana ordered an extra CT
81, and the regular dividend of IS
cents, total of some s1S,500 900.
The stock market ran into profit
taking selling after the sharp rise Of
the past two days, but not until sew
eral issues had reached new recovery
tops.
The movement of freight over the
Nations railways, as reported for last
week, showed less than seasonal dip
Of OF per cent from the previous week,
and a gain Of 1914 per cent over the
same week Of last year. The Associated
Press seasonally adjusted index Of
freight movement rose to 10 per cent
OF the l929-30 average, a new top since
June, 1881.
The American Telephone System re.
ported 100000 new stations installed
in October. compared with only 62,600
Al t44os ulOAAtlI VI ldSL year.
Retail Trade Rise.
Indications of an extraordinary
rise in retail trade in October were
provided by sales reports of major
chain store organizations
F. w. Woolworth Co. led with sales
Of s26, ,094, an increase of 14.3 per
cent over October, 1885. J. J. New
berry Co. had an October sales gain
of 1871 per cent.
Included on the roster of companies
showing higher earnings or adopting
more liberal dividend policies were
American Gas & Electric Co., Purity
Bakeries Corp, Van Raalte Co., Super
heater Co., Curtis Wright Corp. and
Wright Aeronautical Corp.