Retailers report earnings surge while J C Penney slips
The J C Penney Co reports an 8.3 percent fall in net income to 55 million for the latest quarter ended July 30 with sales rising 3.1 percent to 2.62 billion. Allied Stores and Associated Dry Goods post tripled profits, Carter Hawley Hale up nearly, May Department Stores up 50.5 percent, and Dayton Hudson up 38.7 percent as several retailers show broad upturn. Bristol-Myers launches Datril promotion, American Express withdraws bid for Alleghany assets, SEC tethers activist voting, ATET strike hits telecom gear makers, NCNB merges with Ellis Banking.
MENTIONED IN THIS ARTICLE
J.C. Penney Co
Allied Stores Corp
Associated Dry Goods Corp
Carter Hawley Hale Stores
May Department Stores Co
Dayton Hudson Corp
K Mart Corp
Zayre Corp
Lucky Stores
Enney
Tapes for hok Money cates varies by bank
The rates to customers may vary from bank to bank. Customer rates listed here are approximate.
Brewery sludge becomes crop fertilizer in Cornell study
Howard Loomis and Hadwen DeLong fed farm plots with biomass from Miller Brewing Company sludge, a claylike byproduct from wastewater, and observed greener hay and higher yields. Researchers say the material supplies 2.5 percent slow release nitrogen and 1.5 percent phosphate, with potential savings on protein feeds. About 50 farms participated, and monitoring will continue for long-term effects.
MENTIONED IN THIS ARTICLE
Howard Loomis
Cornell University
Miller Brewing Company
Fulton
Loomis
Pulaski
Hadwen DeLong
Mexico
DeLong
Miller
Oswego County
Milwaukee
Lewis Naylor
New York State College of Agriculture and Life Sciences
Keith Severson
Oswego County Cooperative Extension
Naylor
Severson
State Fair advertising supplements run wide, cost $180000
State officials expanded last Sunday's Herald American inserts to 28 pages at a cost of 180000, hoping to reach 1.4 million readers. The effort aimed to boost attendance while funding came largely from state agencies and taxpayers. Private ads were limited by late planning. officials seek broader future distribution downstate, Canadian, and New England coverage.
MENTIONED IN THIS ARTICLE
Herald American
Jeanne Angell
State Department of Agriculture and Markets
Syracuse
Linda Fischer
Commerce Department
Fair
Tom Young
Agen
Housing Starts Rise in Seasonally Adjusted Rates
Housing starts show a rise at annual rate after seasonally adjusted adjustments. Analysts note improved demand from builders and buyers amid steady mortgage rates and modest inventory gains across urban areas.
Higher interest pressures housing starts in July
Higher mortgage rates slowed single family home building while multi family apartment construction remained buoyant. Commerce Department data show housing starts fell 0.6 percent in July, the fourth monthly drop this year, with the benchmark rate at 1,741,000, still 63.9 percent above 1982 levels. Single family starts sank 11.9 percent after seasonal adjustment.
MENTIONED IN THIS ARTICLE
Commerce Department
Michael Sumichrast
National Association of Home Builders
Mark Riedy
Mortgage Bankers Association
Fixed-rate 30-year mortgage offer draws crowds outside banks
About 500 people queued outside Boston banks as the Massachusetts Housing Finance Agency began a $100 million push for 30-year fixed rate mortgages at 11 percent for first-time buyers. Vouchers were handed out on a first-come, first-served basis at 88 lenders, with income limits and down payments set. The program aims to aid ~2,000 borrowers, with $40 million for new construction and targeted aid for minorities and high-need areas.
MENTIONED IN THIS ARTICLE
Boston Bank
Massachusetts Housing Finance Agency
Housing Finance Agency
John Blake Jr
Boston
Nual
Blake
Traveling businesswoman seeks no special treatment
A female business traveler argues against special handling or condescension, noting women already constitute a growing share of corporate travel and should be treated with equal respect. She advocates standard courteous service without unique accommodations.
Travel industry must better serve women executives on business trips
An Eastern Airlines spokeswoman notes women do not want special treatment yet demand safety courtesy and discretion. The piece urges hotels and airlines to drop “women’s wings” concepts and instead improve security, privacy, and service nationwide. Advice covers check in, room placement, dining, and handling of payments. It emphasizes repeat business hinges on respectful treatment and clear policies.
MENTIONED IN THIS ARTICLE
Eastern Airlines
Also Mentioned on This Page
Penney
Bristol
Bristol-Myers Co
Carril
Richard Vietor
Drexel Burnham Lambert Inc
Bristol-Myers
American Express Co
Alleghany Corp
American Express
Alleghany
Investors Diversified Services Inc
Minneapolis
Paul Feldman
SEC
At&t Strike Impact
ATET
At&t
Ncnb Corp
Ellis Banking
Bradenton, Fla
Treasury
Pillsbury
Carl Single
Miller Brewery
Nanci de Lucrezia
van der Broeck Associates
Albany
de Lucrezia
New York
Canada
New England
U.S. Department of March Commerce
Bureau of the Census
Boston Five Cent Savings Bank
Springfield
Aes
By Sylvia Porter
Snme i
Chen, Dor
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