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Show National Survey Lists County's Contribution (Special to the Record) NEW YORK How was business bus-iness In Iron County in the last fiscal year? According to a new, nationwide nation-wide surey, just made public, re-tall re-tall activity loyally was at a healthy level right through the first half of 196a With a majority of the workers getting bigger incomes, personal expenditures were high. The survey, covering every part of the United States, Is for the 12-months ending June 30, 1960. It w compiled by the .Standard Rate and Data Service on the basis of data gathered from national, state and local sources. It shows that retail business in Iron County reached a gross figure of $16,206,000 not far below be-low the $17,143,000 recorded In fiscal 1959. This was in direct contrast to the experience In some other areas of the country where there was considerable unemployment and,' consequently, a large drop in business. With their $16,206,000 value, retailers locally accounted for .0074 of the nation's business, states the SRDS report It was more than their quota since the county's population is only .0OC0 per cent of the national. Sales strength was noted in most groups of stores, but especially es-pecially in those selling children's chil-dren's clothing, shoes, drugs, 'household equipment, food and other supplies that reflect the fact that the birth rate has been high and that there are more youngsters around. j Most of the confident spending by Iron County residents stem med from the fact that personal Incomes, by and large, held up well. The report shows that local earnings, after allowing for tax deductions, amounted to $16,591,. 000 in the year, as against $16,-291,000 $16,-291,000 in fiscal 1959. It was at the average rate of $5,?fl per household, which is more than was available in the rest of the Mountain States, $5,-662 $5,-662 per household. In the State of Utah It was $5,345. Denying that the lack of buoyancy buoy-ancy in business In more recent months Is due to the fact that people are over-extended, the University of Michigan's Survey Research Center claims that it is true only for a small part of the population. Most people can borrow much more If they want to. Self-discipline and sound , budgeting stop them from doing .so. |
