Heinl radio business letter (July-Dec 1931)

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BUSINESS LETTER BRIEFS Shipments of Philco radios during the months of June and July were nearly three hundred per cent greater than shipments made during the same period in 1930, it was announced this week by officials of Philco, who are observing this week the twenty-fifth anniversary of the company’s founding. Shipments during the Spring also were reported to be 250 per cent greater than in the Spring of 1930, which was Philco’ s banner year in point of sales. Outlook for the radio business this Fall has never been better, James M. Skinner, President of the company, declared in a statement to his distributing organization throughout the country. Mr. Skinner is at present in London surveying the export market there. The Crosley Radio Corporation reports as follows: Three months ended June 30: Net loss, after taxes, depreciation and other charges, $144,957, compared with a net loss of $300,700 in the second quarter last year. A radio-television institute, which will specialize in the training of television technicians, will be inaugurated in September at the West Side Y.M.C.A., 5 West 63rd Street in New York. Instruc¬ tion at first will be given only during the evening hours. Radio saves thousands of dollars to shipping men annually, according to Charles J. Pannill, Vice-President and General Manager of the Radiomarine Corporation of America. Cargoes at sea are diverted to meet changing market conditions. Docking costs, some¬ times running to hundreds of dollars for a shift from one pier to another, are avoided. Flashing of the arrival time in advance per¬ mits perfecting of delivery arrangements on cargo as well as accommodating passengers’ relatives or friends. Large sums are saved in salvage fees through the use of radio to inform officials when ships come to grief. Danger to passengers and cargo has been greatly lessened. 8 _