Monday, July 1, 1929

From the day

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The Headlines

TAX CUT FORECAST ON EARNED INCOMES DUE TO BIG SURPLUS; $185,000,000 Is Accumulated for Fiscal Year--$300,000,000 Likely by Dec. 31. TOTALS AMAZE MELLON Secretary Calls $220,000,000 Gain in Individual Income Returns 'Remarkable.' DEBT NOW $16,931,000,000 Reduction of $673,000,000 Brings It to Lowest Since War--Saving in Interest Is $54,000,000. Increase in Income Tax Yield. Expect $300,000,000 Surplus Dec. 31. Prospects for Tax Reduction. TEXT OF MELLON'S STATEMENT RECEIPTS: Big Rise in Individual Income Tax. Drop in Internal Revenue Yield. Comparisons With 1928. EXPENDITURES: Increase in Government Outlay. SURPLUS: THE PUBLIC DEBT:

Best-selling Sheet Music

Singin' in the Rain

Nacio Herb Brown

The must-have

Duncan Yo-Yo

Slang

Tech Check

Car Radio, Sunglasses (Mass Produced) & Coaxial Cable.

Cost of Living (1920)