The Carbon County news., 1930-01-02
Montana Records For Year of
1929 Show Average Prosperity

! ness transacted but a decrease in the
gross profits. Returns as a whole
also show that the various corpora
tions in the state are holding their in
ventory of goods on hand ON a more
staple basis than in past years, there
| by taking advantage of quick turn
over and smaller profits. With but a
few exceptions, there is no excessive
stock of merchandise carried by the
average concern in the state, thus do
ing away with the loss of use of cap
ital which is an Unnecessary waste.
Wages Increase
Another noticeable feature of the
return is the amount of interest paid
to banks and also the amount of
purchase discount taken. Wages of
employees seem to be slightly increas-
ed and also rents. More insurance
is being carried both on the life of
officers and on the stock OF goods
on hand. Bad debts are being weitten
off in the current period rather than
being left on the books as an asset
and written off in later years
There are 6,879 corporations max
ing corporation license tax reports to
the state board of equalization These
corporations are classified into 80
types, 31.types show an increased tax
for this year.
The mining, milling and smelling
industries show the largest increase
of all classifications. These types of
business paid corporation license
tax for this year of $111,716.49, OF
approximately 80 percent of the total
tax collected.
Other classifications of corpora
tions shown to have made marked
improvement We're banks and finance
corporations. Of this classification
70 corporations paid tax this year
of $8,967.15 compared with 81 cor
porations paying tax of $4,232.11
for the year ending June 80, 1928
an increase of $4,735.04.
Light, water and power companies
paid an increased tax for this year
in the amount of $6,337.30 and g
total tax of $50, 0,876.20, or approxim.
ately Is percent of the total tax col
lected.
Feandries and machine shops show
an increase of $1,140.12; garages
auto sales and supplies, an increase Of
$l,41O,27; grain elevators, an in
crease of $5,82965, and miscellaneous
types of business, an increase of So,
36014.
Hardware and Lumber
The largest number Of any elias
sification paying tax was the hard
ware and lumber dealers. Of thi:
class 112 corporations paid tax o.
$14,748.01 compared with 73 corpor
ations paying $7,456.8O for the fisca
year ending June 80, 1923.
Other types of business paying al
increased tax this year were amuse
ment companies, bakes and confec
toners, drug business, boots anc
shoes, cement, concrete, brick and till
contractors, creameries, electrical
supplies and produce dealers, gener
al merchandise and department
stores, groceries, hotels and restaur
ants, laundries and cleaners, lumbe
manufacturing service stations, pack
ers, plumbing and heating, railroad
transportation, real estate and insur
ance agencies, tobacconists and un
dertakers.
The largest decrease in the amour
of tax paid was made by the oil an,
gas producers, refiners and pipe lines
Thirty-nine Of these corporations pal,
a tax this year amounting to $25,
53692, a decrease of $16,688.68 from
the previous year.
Other Factors
Other types of business showing
decrease were insurance companies
livestock and land investments, sta
tioners and publishers and teamin,
and storage.
Business and industrial activity j
reflected in the records of other stat
, offices. In the fiscal year endin,
June 80, 1929, as compared with tn
previous year, fees paid the secretar,
of state by domestic corporations in
creased $56,815.05 and foreign corpo
ration fees increased $9,243.57, tota
of $66,058.66.
Under the Montana laws industria
employers must protect their employ
es with industrial insurance. Thi
year between 500 and 600 employer
have taken out this insurance fo-
their workers, according to the stat,
industrial accident board
This is sketch of Montana in 1872!
made from Official records and esti
mates. 1t shows Montana diversity
ing in interests and industries /
suggests the possibilities of the year,
to come.
ST. PAUL, Dec. 21-Ralph Budd
president Of the Great Northern rail