Business & Finance: Anniversary Sales

The National Retail Dry Goods Association, representing retailers in 500 cities throughout the country whose sales last year aggregated about $3,000,000,000, developed several plans for the improvement of their members' business at their recent annual convention in Manhattan.

The retailers expressed emphatic approval and endorsement of the Mellon plan for tax reduction, and will send a committee to appear before Congress urging its adoption.

One address before the convention—made by Richard M. Neistadt of San Francisco—scored the common practice of holding "anniversary" and other "bargain" sales, as a form of "super-stimulation" which fails...

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