U.S.A. INDUSTRY
RECOVERY PLANS
[ United Press Association—By Electric
Telegraph.—Copyright.]
WASHINGTON, March <23
Mr Julius Barnes, Chairman of President Hoover’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. The utility and power programmes are well under way, and a building gain is presaged Mr Barnes stated:—“ln general there are increased funds available for short and long securities.” He added that there was evidence of general ease in bank credits “reaching the smaller centres, while the total bank loans were increasing.
EFFECT OF SLUMP IN SHARES,
NEW YORK, March 24
According to figures compiled today, the receipts from the first quarterly payment of income taxes for 1929 appear likely to total between 530 and 540 million dollars. It is indicated therefore that the March payments this year will fall off by less than twelve per cent, from the total of last March, which was 595 million dollars. The estimate is taken to mean that the stack losses have resulted in deductions that reduced the taxes by some twenty-five million dollars.
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Hokitika Guardian, 25 March 1930, Page 6
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187U.S.A. INDUSTRY Hokitika Guardian, 25 March 1930, Page 6
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