Evening star., 1947-09-29
Business Briefs
Retail Trade Volume in A

Retail Trade Volume in August
approximated $500, 900 900, gain OF
80 from year ago-Commerce
Department. This contrasted with a
1879 gain from year ago in the
first six months of the year. Cloth
ing sales in August were at 1947
low. go below the preceding month
and 149o below a year earlier.
Hourly Earnings rose to a new
peak in July, but weekly earnings
real" weekly earnings, actual and
nominal hours. employment. total
man hours and payrolls declined
from June - National Industrial
Conference Board Hourly earnings
climbed for the twenty-first consecu-
tive month to 1882. Weekly earn
ings of $3.50, were 1870 below the
June peak
Production of Jellies, jams and
preserves for 1947 has been estimated
at 850.OOO,000 pounds VS.. 100000, 900
in 1946-Preserve Industry Council
A recent pickup in sales was laid to
higher prices for other spreads and
stocking by housewives.
Furniture Shipments in August
we're 15% above the preceding month
and 15oc above a year earlier
Seidman & Seidman.
Platinum Prices tumbled again at
New York today. With a drop of
SO from the previous level, the
wholesale price was $50 an ounce
and the retail quotation $62.
Philippines Gold sold at record
price of $48.40 an ounce per fine
ounce at a recent auction in Manila
the Associated Press reported.
Childs Co. stockholders voted over
whelmingly for the trustees re-
organization plan. report filed in
Federal Court revealed. The vote
was 1922 shares to 8,265.
Allied Stores Corp. purchased the
old Higbee Building at Cleveland
for a price in excess of S3,l75,000
and was reported negotiating for
additional land for erection of a
large department store.
Packard Motor Car Co. expects
to operate in the black during Sep
tember for the first time this year,
said President George T. Christie
pher. The firm hopes to offset losses
suffered earlier in the year before
the end of l947 if steel is delivered
as promised.
Wichester Repeating Arms CO.,
division of Olin Industries, Inc,
produced more sporting firearms in
the last IL months than in any
comparable period in its 8l-year
history, but has made only dent
in abnormal demand, said w. S.
Allen. sales manager.
Seaboard Air Line Railroad Co
asked SEC permission to issue
$4.50O,0O0 of equipment trust certifl-
Gates to help finance purchase of
more than s6,000,000 of new equip
ment.
Hayes Mfg. Co. and its subsidiary
American Engineer Co., are operat-
ing at capacity, said President r. w
Clark. Earnings in II months ended
September 80 will be the largest in
years, he declared.
Family Finance Corp. earned
$l,427, ,088 In IL months ended June
80 VS.. 1886, 100 in the previous year
Western Air Lines net income for
three months ended June 30 was
sS29, ,068 or 63 cents a share VS.. a
loss of s367,99o in the same 1916
period.
Hayes Industries, Inc, had deficit
of s77,818 in the fiscal year ended
July 81 vs. profit of s99,7l9 in the
preceding fiscal period.
Atlantic Coast Fisheries Co. re-
ported a deficit of s77,710 Tor three
months ended July 81 VS.. profit of
s64,757 in the same period last wear
Best g. Co. closed its Pittsburgh
store and announced it was forced
to vacate by sale of the building.