Senate votes to trim travel taxes starting Oct. 1
The Senate voted Monday to cut travel taxes effective Oct. 1 while maintaining about 4 billion dollars of wartime excise taxes for another year, starting July 1. The action leaves the current 10 percent tax unchanged for now.
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The
New York Times Co
Washington
Senate
Cut in Travel Tax Favored in Senate
A Senate move would end travel tax favors by Oct 1 and cut airline ticket tax from 10 to 5 percent. Other excise taxes on telephone service, whisky, beer, wine, cigarettes, cars, and auto parts would continue at current rates. The text also notes hog market prices and several local land transfers amid unsettled trading in mid-1950s markets.
Futures Help Wheat Rye Rise on Chicago Board Trade
In Chicago on Monday speculative demand and export interest firmed up wheat and some futures, while other commodities were weak. Brokers noted little hedge selling pressure in the wheat pit. Sedimentation tests on the new crop were high and much grain moved into government loans at premium rates, while weakness in corn and soybean pits followed further liquidation.
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Chicago
Board of Trade
Market Swing and Mixed Gains in Heavy Trading Day
Stocks rallied late after a session of declines with Xerox Litton Beckman Polaroid Zenith and IBM leading gains as traders watched prices rebound from 1955 57 lows. The Dow slipped to 24 55 before closing at 566 27 down 2 95 with Gulf American and Ford of Canada among notable movers and concerns lingering over economic conditions.
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Xerox Rose
Litton
Beckman
Polaroid
Zenith
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Xerox
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Insy
Nivel
Anken Chemical
Aerojet General
Gulf American
Treasury Report indicates mixed markets and debt figures
New York stocks lower with heavy trading and bonds down, wheat and corn mixed amid liquidation. Old crop soybeans up to 25 cents, slaughter cattle steady to 25 cents lower. Pittsburgh reports heavy produce supplies and active trading with apples scarce in Pa and W Va. Washington notes Treasury cash position compared with last week and fiscal year deposits and withdrawals. total debt listed at 299,192,005,670,607 with $433,274,249.90 debt not subject to statutory limit.
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Metropolitan policy promotes hospital and surgical expense aid
A Metropolitan representative offers details on a new policy feature set to help cover hospital and surgical expenses. The message invites readers to contact for more information and enrollment options.
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