AMERICAN INDUSTRY.
RETARDING FACTORS. WASHINGTON, March 23. Mr Julius Barnes, chairman of til® President’s National Business Survey Conference, has issued a report covering practically every important line of business and industry, in which the retarding factors are held to be fading utility and power. Mr Barnes states:. “In general there are increased funds available for short or long time securities.’’ Mr Barnes adds that there is evidence of the general ease of bank credits “reaching the smaller centres,”- while the total of bank loans is increasing. INCOME TAX RECEIPTS. WASHINGTON, March 23. According to figures compiled to-day, the receipts from the first quarterly payment of income tax for 1929 appear likely to total between 530 and 540 million dollars. Jt is indicated, therefore, that the March payments this year will fall off less than 12 per cent, from the total of last March, which was 595 million dollars. The estimate is taken to mean that stock losses have resulted in deductions that have reduced the taxes by some 25 million dollars.
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Manawatu Standard, Volume L, Issue 100, 25 March 1930, Page 7
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171AMERICAN INDUSTRY. Manawatu Standard, Volume L, Issue 100, 25 March 1930, Page 7
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