Evening star., 1934-10-23
TWO BILLION SPENT
IN FIRST QUARTER
Sharp Increase in Tax Col.
Iections Seen Due to
Liquor Levies.
Ry the Associated Press

BY the Associated PreSS.
Federal spending for the past ia
days has bounced over the two billion
dollar mark, a daily average of above
SIT, 500, ,000-but alongside this the
Treasury has recorded sharp in
crease in tax collections.
Internal revenues for the first quar-
ter of the fiscal year were nearly one
third larger than for the same period
in 1888. Collections reached $804,-
878,l65, exceeding last years by $751;
619,187. More than $140,000,000 of
the gain, however, was accounted for
by liquor taxes, available only since
repeal, and processing taxes, which
are ear-marked for repayment to
farmers.
September receipts aggregated
$379, ,737, 1888, roughly $l5O,O0O, 900
ahead of August, because of quarterly
income tax payments. and $60,752,-
204 larger than in 1888. Liquor and
processing taxes also figured largely
in the months gain.
Gain in Tobacco.
Heavy increases in income and cap
ital stock tax receipts and fair size
gain in tobacco revenues were re-
ported for the quarter. They were
offset in part by large decline in
stock transfer taxes and smaller COL
lections from excise levies, rejecting
largely the dropping of the emergency
n cent tax on gasoline last September
Income taxes for the quarter were
last year. The September figure of
s171, 1,176,917, compared with SD ,924,-
OBI in August and $134,342,919 in
September, 1888.
Liquor revenues reached S109 ,387,-
SGT, although in the 1888 quarter they
were only $5l ,623, 1892 Last year more
than 80 per cent of revenues came
from beer, but with repeal bringing
in heavy distilled spirits taxes the
percentage shrank to approximately
so. The excise tav on distilled spirits
accounted for S27 1889, ,434 this year, as
against only s2,507,517 a year ago.
The months total liquor collections
were $31. .997 .606. sharp decline from
S38, ,566, $3.50 in August, due largely TO
a seasonal shrinkage in beer consump-
tion. The total was sl7,l37,SS4 ahead
of last year.
Revenue From Cigarettes.
Tobacco brought in Sl19,32l .437 for
the quarter, s8,738, $50 more than in
1888 The increase reflected chiefly
revenues from small cigarettes, as re-
ceipts from several other tobacco
classifications declined. The Septem-
Der figure Of $36,853,683, compared
with SAP .145.1 in August and S35,-
007,5l4 in September, 1888.
Manufacturers excise tax receipts
were S83,l63,838 for the quarter. a
drop of s22 1903 from last year
Collections of s26 282 ,691 in September
we're approximately s2500.000 less
than in August and $6,500 900 smaller
than for September a year ago.
Gasoline tax receipts declined by
$16,33l,l87, but the September figure
of Sl4 4,483,429 was more than Sl,000,-
900 ahead of August.
Processing taxes were $123,943.543
for the quarter, $84.267,013 more than
a year ago. The September total OF
$40, ,292, ,074 compared with s39,891,- :
439 in August and SIS 5,843 ,548 in Sep
tember, 1888.
Emergency Outgo.
Expenditures through October 10,
as reported by the Treasury today,
were $2,0l0,859,834, of which ST.
049, ,508633 represented emergency
outgo and 1851, ,351 200 general expen-
ditureS.
Emergency relief was responsible for
SAB, 665 ,909 of expenditures with pub
lie highways coming second in the
emergency column with s156, / 1872
Emergency conservation work account
ed for s123,303,603
Processing taxes accounted for s110,-
286,764 of the general expenditures
but this was more than balanced by
s168,772, SIT Of processing taxes among
the receipts.