The Wilmington morning star., 1940-04-04
Business
DrivinsA Ahead
RECEIPTS SET RECORD
More Jobs, Construction
And Retail Sales Are
Reported In State
BY NOEL YANCEY

RALEIGH, April 3.-R-North
Carolina business has been in the
throes of a seasonal decline but an
Associated Press survey indicated
today that the level was substant-
tally higher than in the correspond
ing period of 1899.
About this time last year, how
ever the state was edging out of
the 1888 recession and heading for
the climb that took it to record
breaking levels last fall.
Slightly Higher
These factors, apparently, made
up the early 1910 North Carolina
business picture:
Employment Slightly higher
than 1889.
Building - Residential construc-
ton well ahead Of 1899 with non
residential construction tagging.
Tax collections - Ahead of 1889
for the most part.
Retail sales - Apparently some
what higher than 1889.
Postal receipts Higher than
1889.
Governor Hoey said that t h e
amazing amount of new building,
especially private homes indicates
business conditions are good in the
state. Revenue receipts at record le'
wells and building activity show the
progress we are making"
Business seems slightly improv-
ed over the corresponding period
of last year." said Willard Dowell.
secretary of the North Carolina
Merchants association.
"Although 1889 was a very good
business year, 1910 is starting even
better, both from the standpoint of
the number of people employed and
Of the wages paid" said Forrest H.
Shuford, commissioner of labor.
1.-THE report shows an improvement
business conditions and shows we
are still going forward"
Shuford said that 656 North
Carolina firms employed 126, 399
persons during February and paid
them $1,995, 40S a week as compar-
ed with 1883 employees in Febru-
airy, 1889, and weekly wages of ST.
1885,
Aided And Allotted
Aided and abetted by record in
come tax collections, which bore
witness to good business in 1899 in
stood oe 1010 Tho efnfo31 ~o~.1p- I
f u n d collected $11, I'll, 362.03 in
March, than it ever before
managed to take from the taxpayers
in a single month.
However, nearly every other state
tax source showed increases over
March of 1889. These included sales,
gasoline, beverages, intangibles, and
automobile licenses.
State tax collections for the fis.
cal year totaled $60,S33,313.O3 and
compared with $54, sos, 447.1S in the
same period of 1938-39. Federal tax
collections in the state for the fis-
cal year totalled $780, 25, 247.o6, and
were $S,330.281.23 ahead of the 1888.
80 fiscal year.
The department of labor reported
building permits totalling 1927.
s57 were issued in the states Fl
principal cities in February as COM
pared with $1,206,O61 in February,
1889, and S1,143,001 in January,
lS4o. 1t noted a significant in
crease in residential construction,
reporting permits were issued in
the Fl cities for 263 residences as
compared with 1876 in February,
1889, and 1875 in January, 1910.
More Housing
Inc Federal Housing Administra-
ZION reported it had received 226 an.
piicatlons for mortgage insurance
totalllng S1,165, 800 during January.
OIL per cent over January Of 1899.
Inc agency insures mortgages is.
sued to build or improve homes,
Durham reported March buildin.
was ahead of March 1889 and the
lolloW1ng cities reported February
building running ahead OF the cor.