Fayette County Leader from Fayette, Iowa on December 21, 1961 · Page 3
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Fayette County Leader from Fayette, Iowa · Page 3

Fayette, Iowa
Issue Date:
Thursday, December 21, 1961
Page 3
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Page 3 article text (OCR)

1960 personal income Tax figures not so Gloomy as predicted Final figures of 1960 personal income in Iowa are not quite as gloomy as were the advance estimates six months ago, reports the Iowa Business Digest, a publication of the State University of Iowa Bureau of Business and Economic Research. Total personal incomes of $5.5 billion in that year rose two per cent over the figure of the previous year — not the one per cent forecast earlier, Mrs. Ethel Vatter, research associate at the S.U.I. Bureau, reports in the Digest. Even so, the Iowa increase was considerably below the national average of five per cent, continues Mrs. Vatter. This increase of two per cent for I960 was the lowest recorded for the west north central group of states including Iowa, Minnesota, Missouri, North and South Dakota, Nebraska and Kansas. As a matte.- of fact, it left Iowa in a six- way tie with West Virginia, Louisiana, Arkansas, New Mexico and Wyoming as states with the least rate of growth in I960, reports the Digest. When the increase in income is measured on a per capita basis, the picture is not quite as bad, continues Mrs. Vatter. Looking at the increase in per capita income in I960 over 1959, Iowa's gain of two per cent placed it in 37th place among the 50 states. On the basis of current income trends, the Digest estimates that personal income for Iowa will grow at a faster rate in 1961 than it did in 1960, and reach a probable $5.7 billion — an increase of approximately $200 million. It may be even more in the event substantial inventory accumulation occurs. Income from wages and salaries in manufacturing, the largest single component of total personal income, declined to $912 million in 1960. The decrease was negligible, only $3 million, but it was in sharp contrast to the 16 per cent, or $26 million, increase in Iowa manufacturing the year before. It also compared unfavorably with the three per cent increase in manufacturing salaries that occurred for the nation as a whole, Says Mrs. Vatter. The rate of increase in wages and salaries in wholesale and retail trade, another important component of Iowa personal income, was also slower between 1959 and 1960 than it had been between 1958 and 1959 — four compared to seven per cent, she says. Partially offsetting these income reverses, continues the S.U.I. Digest, were 1960 increases of nine and seven per cent in wage and salary disbursements by service industries and by federal, state and local governments, compared to seven and four per cent for the year before. Farm income as a percentage of total industrial civilian Iowa income declined from 34.4 per cent to 16 per cent during the past decade; manufacturing income increased from 15.9 to 22.1 per cent. On a per capita basis, those employed in agriculture, government, transportation, communications and public utilities received substantially less than those in other categories. On the average, those employed in agriculture received about half the income of those in industry, service and trade, reports the S.U.I, publication. It must be remembered, however, that included in total employment in agriculture are unpaid members of the farmer's family working 15 hours or more per week, part-time operators working one or more hours per week, as well as full-time operators and regular hired farm workers. Make Yours A o make all of our customers happy by extending service, quality, value and courtesy all year long. If you have never shopped our store before, please come in anil let us make your Christmas shopping pleasant experience. \ BILL Land 0' Lakes-Gout. Grade A OnJy the. Finest Quality! SUPER VALU Last-Minute Gift Suggestions: 16-22 Ib. avge. • Canned Hams •Fruit Cakea • Cigarette* • Cheeses • Fancy Olives & Cherries • Poultry \ •Turkey* • Gift Wrapped Fruit • Golden Book Encyclopedias • Christmas Candies • Mixed Nuts Shooting preserves Are still open Hunters who lay away their guns at season's end may be losing a chance at some excellent shooting for the next three months. Shooting preserves, commercially operated and licensed by the State Conservation Commission, will remain open until March 31. Pheasants, quail, chuckar partridge and mallard ducks are among the game offered Persons taking game birds on these licensed breeding and shooting areas are required to have a hunting license issued by the State of Iowa. Non residents may secure a hunting license restricted to shooting preserve areas for a license fee of $5. Although pen-reared, the birds offered are said to be equal to those raised in the wild in flight. Hunters who have patronized the preserves are enthusiastic in their praise of the way birds Instinct- tlvely react, in the field. Dogs are available at some preserves, or the hunter can bring his own. There are public licensed preserves In |owa located near the following towns: Oxford Junction, New Sharon, the town of Goose Lake, Bettendorf and Norwalk.. Volga Valley club meets The Volga Valley club met Thursday with Mrs. Earl Stannard. Nine members answered roll call with a family tradition. 1 Articles of clothing were collected and packed for the orphans home at Council Bluffs. There was a gift exchange and secret pate were revealed Gift Certificates also available in any denominational, Hen Turkeys! ">• 35c Gus Glaser Weiners 39( Ib. 3 » • 9 California Pascal CHEE Cranberries 19c I Ib. cello bag Large Stalk TANGERINES *<>*• RADISHES 2 bnchs. 15c Idaho Russett Potatoes 25 Ibs. $1.59 STORE HOURS Week Day*—8 A. M. to 9 P. M- Fri. - Sat. — 8 A.M. to 10 P.M Sundays — 9 A. M. ^o 12 Noon All Specials Good Thursday Thru Monday While Supply Lasts Oscar Mayer, 12 oz. Smokie Links Good Valu "Ret Super Valu OLIVE LOAF pkg. 29c Florldagold Frozen Salad Dressing qt. 35c NORTHERN WHITE or ASSORTED COLORS LUNCHEON NAPKINS Alcoa Aluminum FOIL WRAP 29c OCEAN SPRAY — 16 oz. STRAINED or WHOLE 25c Orange Juice.. 6 '"< $ 1 North State Vegetables North State, 10 oz. pkg. STRAWBERRIES * North State Frozen Mince or Pumpkin Pie . . u "J,, F .* m '" 39' 6 pkgs. $1.00 r $l Golden Booh Pillsbury, 14 oz. pkg. HOT ROLL MIX V-8 — 46 oz. btl. COCKTAIL JUICE 27c 39c CRANBERRY SAUCE 2 for 39c DULANY Syrup Packed or Vacuum Packed Sweet Potatoes 2 for ' . p° D M *»E women without a sense of humor so that they could love men , , instead of laughing at them. »J rnoMounDeader&we Hunt's 300 size FRUIT COCKTAIL 5 can ° $1 For The Favorite Child On Your List/ ENCYCLOPEDIAS v ° 16 Now on Sale! Just In time Tor Christmas! No. Complete i*tf now available In • Holiday box W/i BILL'S •?lav-O-Rita Mixed Nuts^. . . . Old Tyme Mix Christmas Candy. - NOW ON SALE FlavO-Rita ONLY Walnuts , 10" I Ib. 55c ^-SSc Gandee Stuffed — 7 oz. Jar OLSVES 39c SUPER VALU .Don't Forget To Check Your Number On The TURKEY DRAWING FRIDAY AFTERNOON We Reserve The Right To Limit Quantities IOW, LOW PRICES PLUS Gedney DIXIE SPLITS SWEET PICKLES SWEET MIXED PICKLES WHOLE SWEET PICKLES SWEET CHIP PICKLES 3 pints *| QO <D1 . ^^

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