Textile Firms Show Tier Investment Return
The Federal Trade Commission reports cotton textile firms were more prosperous in July-December 1935 than in the first half. Spinning and weaving groups gained, while some dyeing and finishing segments posted losses. The survey covers over 60 percent of U S spindles and 78 percent of looms and details investments costs and profits across 1935 segments.
MENTIONED IN THIS ARTICLE
Ashington
Federal Trade Commission
Pri
Commission
United States
Wall Street Ends Mixed as Dyeing Firms Report Second-Half Gains
Stock traders tally broad gains in textile finishing groups with overall second-half results. Industry notes show profits for high dyeing and finishing companies up 0.63 percent on $9.3 million invested, while first-half losses drop to 1.01 percent across 11 firms.
Wage Increases Spread Across Nearly 200 Companies
The article notes nearly 200 companies boosting wages with about 575 million dollars in total, driven by extra and special payments to sidestep the federal tax on undivided profits and year end boosts. It cites specific raises from Texas Corp and Commercial Investment Trust, plus local Cleveland raises at Great Atlantic & Pacific Tea Co. and bonuses at Murray Corp. of America in Detroit.
MENTIONED IN THIS ARTICLE
Texas Corp
Commercial Investment Trust
Great Atlantic & Pacific Tea Co
Greater
Cleveland
Murray Corp. of America
Detroit
State WPA approves 52 relief projects in Raleigh
State WPA Administrator George W. Coan Jr announced approval of 52 relief projects in Raleigh involving federal and sponsors funds totaling nearly $750 000. The list stands as one of the largest single day approvals in the state WPA program.
MENTIONED IN THIS ARTICLE
Raleigh
WPA
George W. Coan, Jr
Seamen Granted Wage Increases in Coastal Fleet
Norfolk report says masters to $240 monthly, first mates $165, second mates $140, chief engineers $215, and first assistants $165, aiding about 150 seamen in the Hampton Roads area as coastwise towing firms raise pay. Captain B T Hurst of Local No 9 notes the broad impact.
MENTIONED IN THIS ARTICLE
Norfolk
Gineers
B. T. Hurst
Secr
Associat
Hampt Roads
Benel
Buckh Township Youth Sentenced for Brother’s Death
Sentenced in Dunn on November 20 Shel Dewar a 21 year old Buckh township youth received a three to five year sentence for stabbing his brother Fred to death last night.
MENTIONED IN THIS ARTICLE
Dunn
Shel Dewar
Buckh Township
Fred
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