Indiana Group Urges Net Income Tax Replace Gross Tax
A Evansville group urges Indiana to replace the state gross income tax with a net income tax. The Evans Commission on State Tax and Financing Policy recommends higher progressive rates to stabilize revenue while keeping new industries out of Indiana, and considers replacing property tax in cities above two dollars per one hundred assessed value. The panel also notes a future look at sales tax as conditions change.
MENTIONED IN THIS ARTICLE
Camp Reveal
Evans? Commission On State Tax and
Fisie’ Rescue
van Pera
Jones
Mission
Indiana
Phone Coop Seeks PSC Hearing Delay For Nonmember Service
The Star City cooperative requests postponement of a PSC hearing set for August 12 to allow consideration of an amendment that would permit service to nonmembers. The co op says it does not sell or require membership to access AIR FORCE. START WASHINGTON The air force began in 1907 as the aeronautical branch of the military. President Eisenhower asks Congress to raise the national debt limit to 288 billion dollars, far above the historic high of about 279.8 billion, with temporary and permanent increases anticipated. Defense indicates the Army will draft 11,000 in September, with higher mental and physical standards for draftees, amid manpower concerns and prior Lebanon deployments.
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Star City Coop
PSC
Co-Op
Buffalo Exchange
Washington
Eisenhower
Congress
U. S
Eisen Ower
Treasury
Ment
Budget Bureau
Abe
Defense” Department
Department
Middle East
White House
James C. Hagerty
Army
Defense Department
Pentagon
Lebanon
Auction Sales Notice in Everett Corn area
Auction notice for a sale at the Co. line road south of Grant and Madison on State Road 2. Everett E. Corn is the auctioneer. Sale date Saturday.
Propaganda Battle Expected At Talks
Bridges said the Eisenhower administration foresees a heated propaganda battle at Middle East talks with Soviet Premier Khrushchev likely to frame the United States as the aggressor. He noted briefings show little hope for real Soviet concessions to ease tensions.
MENTIONED IN THIS ARTICLE
Styles Bridges
Eisenhower
Middle East
Bridges
Soviet Union
Khrushchev
United States
City Court Session Lively and Local Market Update
Hogs and cattle prices show mixed gains and declines at Chicago markets with weekly trends. Beef and pork numbers range from around 20.50 to 26.50 for steers and heifers, while hogs sell mostly 22.80 to 23.75, calves around 22.0, and cows near 18.50. Grain futures edge lower as harvest peaks approach, with wheat at 1.59 and corn around 1.22 to 1.28 a bushel. soybeans up to 28.14 and oats modestly changed. An Allied Army overhaul contract in Indianapolis funds modernization of 1000 tank transmissions at General Motors Allison division, reducing cost compared with new units.
MENTIONED IN THIS ARTICLE
Ivers
Ander
Anderson Poultry
Leghorn Hense
Chicago i
Chicago
New York Dry Goods Market Mixed. Cotton Simmering Slowly
Trading on cotton gray goods remained slow despite signs of demand improving slightly below current market levels. Wool and rayon markets were quiet as a leading producer boosted rayon yarn prices by two to five cents per pound after a similar move by a larger firm last week. Court notes cover a jail sentence for a woman stabbed during a family fight and several traffic cases, while livestock prices showed steadier to higher ranges for steers, heifers, and lambs at local markets.
MENTIONED IN THIS ARTICLE
New York
Butcher Hogs and Cattle Markets Mixed as Prices Steady to Lows
Hog prices held steady to weak with light demand from local packers and scarce No 1 grade offerings. Mixed 1 and 2 grades at 200-220 lbs sold around 23.35 to 23.50, 180-190 lbs at 22.25 to 23, 270-300 lb 2s and 3s about 22.25 to 23.25, and sows 18.25 to 22 with mild gains. Cattle receipts heavy, prices down 25 to 75 cents. prime 4.89 to 4.92 per cwt, mixed choice and prime 27.25 to 27.75, good 25 to 27, vealers steady with good and choice 28 to 31, bulls 22 to 24.25. lambs mixed with top 25.50 to 26. }
MENTIONED IN THIS ARTICLE
Emcauy
Fred E. Pickman
Muncie
Earl Curtis
Daleville
Mar- Harvey Burdett Connell
Noble St
Ebbett William Baute
2Nd St
Bonds Slide As Market Ends Quiet Trading
U S government bonds slumped sharply in light, quiet trading on Monday with long term issues sinking to new lows for the year. All segments of the AP bond index fell, rails and industrials hit hard, investment quality issues and foreign bonds down though by smaller margins. Corporate trading totaled 5 410 00 par value on the board versus 5 240 000 ESTS. The Soviet Tass agency reports detection stations monitored 32 test blasts in the U S Pacific test series from April 28 to July 26, 18 more than public Atomic Energy Commission figures. American housewives allegedly open 30 million tin cans daily.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Tass
U.S
Pacific
Atomic Energy Commission
Pens
Shares Hold Tight Gains Amid Profit Taking Pressures
Market advanced to a new high for the year on heavy volume of 3,940,000 shares, as profit taking appeared in some top gainers but short covering and demand kept prices moving up. The Associated Press market averages rose with 1,277 issues traded, 211 new highs, and 4 new lows, while American Stock Exchange prices also gained.
MENTIONED IN THIS ARTICLE
Wall Street
Eisenhower
Associated Press
American Stock Exchange
Hogs and cattle prices steady in Muncie livestock sale
Muncie market shows hogs steady to higher with top No 1 hogs at 23.85 for 200 to 240 pounds and varied weights selling 22.35 to 23.60. Roughs 21.78 down. Cattle demand mixed with choice to prime steers 28.00 to 27.00, cows 17.50 to 20.00, calves 25.00 to 27.00, lambs 22.50, slaughter sheep 600 down.
MENTIONED IN THIS ARTICLE
Muncie
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Sere Teg
Piura
Crit
Evaxoyiuc
Christ
Phone Cooperative
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Anderson
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Ralph Gaus
YRNE
Lapel
Ind
Florida
Grant and
Jackson County Line
Summitville Road
Farmall
Rotary
John Deere
International
David Bradley
General Electric
Neptune
Robert Robmersverett
Robert McManaman
The
Met
W. 17Th St
Nathan Hee
Tag Trea Seuner White
White
St. John's Hospital
Edgar Ralph Pherson
Madison Ave
Tn Court
Gary Lee Holiday
Pari Rd
Gracie Elzabeth Sheets
Shiley
St. Cast St
William Don Overshiner
Coventry Dr
Jackie K. Woods
E.eth
Richard Louis Rainer
E. 2Sth
Gary Wendell Doyle
Linden Lane
Wellington Jones
Cedar ‘T
John Clifford Westerfield
Reckles
John Mannuel Games
Willis
Sin
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Paul Reigner
USNR
McMurdo Sound
Antarctica
Atka
Reigner
American Motors Amer
Amconda
Wright
Dupont
General Iectrie
General Afotors
Cit Goodyear
Tito International Marventor
Kresge
Ligeett and Myers
Mit Lynch Corp
Loew
Montgomery Wardi
New Yor Center
Pennsylvania
Sears Roebuck Ett Secony
Mobil
Sindarg
Brands Studebaker-Packaradard
United Aircrafts
Gibter Wesen Union
Bow Jones
Haile Seth
Muncie Livestock
Salling
Jackson
WWEN
Rome
FORD
Om Mart
Meridian Street
Fred Welker
AEN
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