Installment Repayments By Consumers Slows: Business Roundup J&L Shutdown Retail Sales Up I
Repayments of lnstallmeritgoods at $4,390,000,000 were debts by U. S, consumer sdown 1 per cent from a year slowed in May, the Federa learlter, compared with a 1 per Reserve Board reporte tent average increase in the Thursday, leading to the larg-past four weeks, jest increase in consumer it- The sharpest year-to-year stallment credit outstandin decrease was 10 per cent in in seven months.	the	automotive	group.	Depart-</br></br>Repayments of lnstallmeritgoods at $4,390,000,000 were debts by U. S, consumer sdown 1 per cent from a year slowed in May, the Federa learlter, compared with a 1 per Reserve Board reporte tent average increase in the Thursday, leading to the larg-past four weeks, jest increase in consumer it- The sharpest year-to-year stallment credit outstandin decrease was 10 per cent in in seven months.	the	automotive	group.	Depart- lie during the month totaled a The figures arenÛªt adjusted seasonally adjusted $8.7 bilfor seasonal variation, lion, down $40 million from The department said season-April. At the same time repayally adjusted retail store sales ments slackened by $126 mil-in May totaled $29,100,000,000, lion, to $7.8 billion.	qovvn	1	per cent from April</br></br>The $846 million differenedmt 4 per cent above a year between new commitmentsearlier. and repayments was the biggest advance in the outstand- Pulp Contract ing total of time-payment v.p,åÇr	ttq	pi,, outstanding to $91.8 billion. *an Properties with a long-Noninstallment eredi .tã¢n*e Potential of $600 mil-which includes most charge10";	.	Û_</br></br>accounts, expanded by $276 The buyer is Kanzaki Paper mpllion to $22.9 billion, raising^anufacturin2 Co. of Tokyo the total for both forms oiand the contract is to run 15 consumer credit to almosl)Ûªears> starting in 1973. PITTSBURGH ÛÓ Jones Si Laughlin Steel Corp., the NationÛªs sixth largest producer, has begun a shutdown of its Pittsburgh works because of what it calls an illegal job boycott by about 600 open hearth workers. A company spokesman said the total shutdown could require three to four days and would result in layoffs of more than</br></br>Retail store sales last week totaled $6,840,000, up about 1 per cent from the preceding week but about 3 per cent below tlie like 1968 week, the Commerce Department reported.