New Year Off To Prome ing Start
B C Forbes reports the new year opens with encouraging market activity. Securities advance and major commodities hold, while business leaders doubt politics will impede recovery. Railroads may energize growth and building spurs industry, with optimism that the economic bottom is passed and employment will rise.
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State Treasury Audit Proceeds Slowly in Austin
An annual audit of the state treasury, begun November 1 by the state auditor and comptroller, drags past year end due to vast workload and small staff. The prior completed audit was 1933 November 2, revealing about $18 million cash in hand, $65 million in securities, and about $37 million in bank, insurer, and institution deposits across state funds.
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