January tax collections slump over year
Internal Revenue Bureau reports January receipts fell by 214,935,339 to 3,464,664,093 from 3,679,599,432 a year earlier. Declines in individual and corporate income taxes offset gains in alcohol, tobacco, manufacturers excise and miscellaneous taxes. Retail sales taxes dropped about seven percent as President Truman proposed cutting rates.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Bureau
Dent Truman
Truman
New Crop Cotton Reaches Seasonal High on Futures
New crop cotton prices advance to new seasonal highs in the wake of possible reduced U.S. acreage, while old crop deliveries face liquidation pressure. Dealers weigh parity expectations and potential mid-February adjustments as spot markets show mixed movement and new loan conditions.
MENTIONED IN THIS ARTICLE
York
March
Greece
Livestock Sales Mixed at San Antonio and Fort Worth Market Report
San Antonio sale shows calves and stockers active with steady to firm prices. cows and bulls vary by class. Fort Worth cattle and calves steady to slow but holding, with hogs and sheep showing strength in various weight ranges. regional wool markets ease on hedging and profit taking.
MENTIONED IN THIS ARTICLE
San Antonio
Fort Worth
Faushter Ealgis
Wether
Chicago
Frens
USDA
New York
Sydney
Stocks Edge Higher Amid Mine Strike Impasse
Wall Street edged up modestly despite inconclusive coal negotiations. The Dow rose about six points as 1.4 million shares traded. Pan American Airways led activity with a 10 percent gain, while Paramount Pictures and others showed mixed results across 1,083 issues.
MENTIONED IN THIS ARTICLE
Wall Street
Bie
American Iron Tee Institute
Pan American Airways
Packard Motors
Paramount Pictures
Paramount Adtio
Youngstown Meet & Tube
Lockheed
Wat
General Motors
Tudebaker
Zenith
Atherfean Wooler
Twentieth Rentury
United Paramount Ve
Curban
Babcock & Wilcox
Bohack
Consolidated Gas & Electric
Baltimore
Fairchild Camera
Alaska Air Lines
Citiesrvice
de A Fetrajeum
Aviation
Humble
Kaiser-Prazer
Can Land
Pytheon Manufac
Early Gains Vanish as Grains Close Lower in Wheat Market
Chicago trading shows broad grain decline after an initial surge. March wheat and soybeans hit new highs briefly before selling renewed, with wheat finishing down and soybeans little changed. Cash corn receipts, CCC purchases, and advancing visible supply noted amid mixed futures drift.
MENTIONED IN THIS ARTICLE
Chicago
Texas Panhandle
Texas
Oklahoma
Commodity Credit Corporation
CCC
Welfare payments rise modestly in Louisiana January totals
Louisiana welfare payments edged up only slightly in January, with the state welfare department reporting 8,457,?77 in total payments versus 8,616,180 the prior month. The report notes smaller month to month increases after the rapid rises of the past year and a half.
MENTIONED IN THIS ARTICLE
Baton Rouge
Louisiana
State Department of Welfare
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Interior Movement
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Panhandle P&r
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Pact
RIM
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Woolworth
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Mobie
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Yistes Press
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Tex Corp
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Sint
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Ac ‘Otion Exchange
Phillips Milk OF
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Willie
Kocure “Rn CO
San Jacinto
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