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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Jan 20, 1931
Page
14
The article argues that buying power and production have held firm despite a long downturn. Wholesale prices fell about 20 percent since 1929 while retail prices dropped around 10 percent, stabilizing materials and supporting a gradual 1931 recovery. Automobiles and new products underpin renewed demand, with 1930 output near 3.5 million cars and autos driving broader gains.
Toledo January 20 revival in the glass industry with Libbey Glass Manufacturing Co announcing a plan to double the plant's capacity and add equipment at a total cost of 600000. The project is slated for completion by March 15.
In Bridgeport Connecticut a six month old named Richard Pirch received a tax bill after assessors mistook his age for 21 in July. The confusion arose from a birthday in July which makes the infant liable for taxes. The case highlights bureaucratic mix ups in juvenile tax assessments.
Raymond Washington January 20 revival of the oyster trade in Willapa Harbor with transplanted Japanese oysters being marketed this season.
In Memphis on January 20 Dr. E R Lloyd a southern agriculturist urged farmers to plant small orchards on farms in the territory as a means to raise incomes.
New York editor urges looking ahead to 1931 with new ideas and confidence. He argues 1930 was abnormal and optimism or pessimism were exaggerated. Progress depends on American effort to restore global economic balance with a constructive attitude.
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