The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-08-04
In American Business
John CraddOck

BY John Craddock
NEW YORK, July 25-BUSI-
MESSING let up appeared last
week in the slow but persistent
march toward recovery which
was signalized a month ago by
a dramatic upsWing in prices of
corporate stocks and commodi-
ties. Shoe retailers, along with
other dealers in consumer
goods, reported a distinct i'm
provement in sales. With shoe
prices generally lower than last
year, shoe merchants are max
ing every effort to duplicate
this year the 1887 sales volume
of nearly three pairs for each
person in the U. S. From De-
troit came word that July sales
Of new automobiles may be bet
ter than the June total of 1885,
900 cars Meanwhile, it is re-
ported that used car dealers
are meeting with success in re-
ducing the number of second
hand cars on the market. News
from both the steel and electric
power industries is encouraging.
Steel mills r operating at SO
per cent of capacity, the high
est rate thus far in 1888, and
power production last week was
the highest since January 1929.
WASHINGTON - The U. S.
treasury, it was disclosed last
week, will ask Congress to re-
move federal, state and munic-
ipal bonds from the tax ex-
empt class, to extend the in
come tax to federal employees
and to permit states to tax fed
eral bonds and incomes of fed
eral employees within their bur-
ders. Most businessmen con-
slider this a worthy ann.
Taxation of government
bonds should help businessmen
to raise capital. Suppose a re-
tired businessman has S10,00O,-
900 to invest. If he puts it in
government bonds at 3 per cent
his annual return would be
100000 upon which no tax
would be levied under present
laws. In order to give him this
much net return, private bust
ness would have to offer him
at least 10 per cent on his mon
ey, or S1.O00,00O a year. Be-
cause after he'd finished paying
the approximately S675, 900 fed
eral and state income tax on
the 81 600 600 his actual income
would be whitfield 10 1925. 900.
Obviously men of wealth at
present are not anxious to risk
their money in private bust
ness when in many instances
they can get the same net re-
turn by investing In relatively
safe government bonds.
THINGS TO WATCH FOR
Combination comb and brush,
so that the hair can be combed
and brushed in one molten 49,.
Rubber flower pot; when the
earth cakes around the plant
it can be broken up by merely
squeezing the pot -. Paper
bag within the cloth bag of a
vacuum cleaner; dirt collects d.
rectly in the paper bag, which
is removed bodily and discard
ed without exposing contents
Photographic paper that
can be developed into a picture
merely by exposing it to steam.
MEMS CLOTHING Clothing
merchants, looking for higher
wool prices, are losing no time
noM stocking up on mems suits,
overcoats and winter under
wear, making due allowance for
course of possibility of a some
what lower sales volume this
fall and winter than last year.
In the last month alone raw
wool tops have risen from IS
cents to 80 IL cents. Sup
plying Mr.. John Doe with his
new fall suit is a complicated
business. Companies that make
the cloth started designing pat
terms a year ago. The cloth was
woven in their mills last fall,
sold to manufacturers mostly
located in eastern SeabOard cic-
les. They in turn began cutting
and sewing the suits last winter.
Right now salesment ror these
manufacturers are on the road
in all parts of the country sell
ing 10 suits here, a hundred
there. depending on the needs
of retail merchants.
Two radio-controlled 'proWl'
cars of police will continuously
cruise over the 400 acres of