Show Davis Business Hits 47 Million Special to the Clipper To what extent has Davis County participated in the current business surge What gains were made in retail sales and In Income during the past f fiscal cal year ACCORDING to a detailed report for the period which covers the 12 months ending June 30 1963 solid progress was made locally Wages went up for most working people Spending rose proportionately The report giving the first breakdown figures for the f fiscal fis- fis cal year has just been released released re- re leased by the Standard Rate and Data Service It contains comparable information for every section of the country TilE THE VOLUME of business chalked up by retail merchants mer mer- chants in fn Davis County it shows reached topping top top- ping the previous years year's 43 T The e gain which amounted to 82 per cent compares favorably with that in the United States as a whole 59 per cent In the state of Utah the rise was 80 per cent LOCALLY as well as nationally ria na- the advance was along a broad front with most lines of business benefiting from the increase in consumer spending New cars accounted for a large part of the total retail volume Sales of appliances including such major hard goods as refrigerators wash ers and dryers were considerably consid higher MUCH OF the upward push took place in the second half of the year when the public confidence in the economy was fully restored It showed Itself in a g general loosening of the purse strings which had been held In some restraint ever since the stock market debacle of 1962 THE REPORT shows that Davis County resIdents had bad a anet anet net income In the year after paying their taxes of In fiscal 1962 it was It amounted to in disposable dis dis- income on the aver age per local household TilE THE ECONOMIC indicators point to a continuation of good business in 1964 ev even n though the unemployment problem Is still with us unabated Optimism concerning the years year's prospects is more general than it has been since 1960 The biggest factor Is the consuming ing public which has more money to spend than ever before I |