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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Oct 04, 1927
Page
2
An old Punch note claims teak trees take 100 to 200 years to reach a tall height and calls teakwood the most lasting lumber in Siam commerce. It also mentions an extraordinary echo from south England hills near a golf course and hints at a proposed three mile limit for children and clergy.
Richmond reports from 20 leading department stores show August sales increasing, based on confidential AP data. The figures point to stronger consumer demand as retailers enter the autumn season.
The Richmond Fed notes August sales in multiple retail lines rose from July and exceeded August 1926. Total eight month sales in 1927 dipped 1.9 percent from 1926, while wholesale trade improved. Furniture lagged 1926, other lines like groceries and dry goods rose. Congress session looms with Madden aiming to curb appropriations and push 300 million dollars in tax cuts, including lowering the corporation tax rate from 13 to 12 percent.
Washington reports on October 3 from Mr Madden stating an upcoming tax reduction will be authorized. The remarks indicate planned easing of tax burdens, with officials signaling approval steps and expected implementation timelines. The source notes cautious optimism about economic impact and legislative progress.
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