Salt Lake Telegram | 1923-04-09 | Page 12 | Business Briefs

e I BUSINESS BRIEFS NEW TORK April 9 A A slight alight easing of time money rates rate and several optimistic optimistic utterances on credit conditions Including one by Secretary of tb the Tress Treas Treasury ury Mellon acted favorably on th the price of bonds during th the past week and the list generally moved to higher ground New la IsSueS ue for the week totaled the largest in three weeks WASHINGTON April 9 Possible ef efforts ef- ef forts fort by th the treasury to have congress cut the surtax rates on Incomes further were forecast In a statement by Secretary Mellon who asserted that March collections collection of Income and profits profit taxes aggregating had fully justified his prediction that downward revision would have the effect ot of actual ly increasing rather than decreasing the federal revenue PORTLAND Ore April For For the first time in th the history of the lumber industry in Oregon mills In the Columbia river district have found it necessary to operate twenty four hours hour a day In order to keep up with the de demands de- de mands for timber products product For the past week the inman Poulson Lumber company here her ha has been operating three dally dily hour eight shifts Th The Lumber company on the Columbia has been doing likewise j WASHINGTON April Wyoming had an sn excess of per capita of revenue receipts over governmental costs for 1322 the census bureau announces The eates act indebtedness we 1837 per compared with 16 cents In 1917 the Increase having been due largely large large- ly to Issuance of highway bonds WASHINGTON April Steps Steps to build up transportation facilities for the next harvest in the West est will be taken at a meeting here Tuesday of railroad officials car service division of the American Railway association Ef Efforts Efforts Ef- Ef forts will the association announces an an- flounces to formulate definite plan for assuring whatever rolling stock is needed to meet macat agricultural and industrial re re- re FIsk Rubber company reports report net sale for th the quarter ending March 31 51 wll ap ap proximate and net profits after depreciation Interest and other surplus charges charge 61 of a as compared corn com pared with same period In 1923 1922 of net sales of and net profits ot of Although the company Is pro pro- doting automobile tires tIre at the Fisk and Federal divisions division at the rats rate of dally daIly their branches report shortage to meet sales requirements Ne profits of Packard Motorcar company corn com pany for the elx iX months ended February 28 20 the first half of the fiscal year were This Is the high mark In the history of the company In 1920 previous pro pre record year net profits for the full twelve months were After making allowance for payment of outstanding bonds called for redemption April IE 35 the company company's current working assets were ot 08 about ten times liabilities Holdings of cash and U. U S. S government securities after allowing for bond redemption were Surplus account now stands at Expenditures during the theIx lix Ix months for plant equipment were 1