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Charleston Gazette in Charleston, West Virginia

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Newspaper

Charleston Gazette

Location

Charleston, West Virginia, United States of America

Date

Jun 26, 1962

Page

13

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.

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.

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.

Xerox Rose Litton Beckman Polaroid Zenith International Business Machines IBM Xerox Dow Jones Industral 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.

Val

Also Mentioned on This Page

American Exchange Warman E. Coleman Ernest H Graley Jr Ana Betty Bell J. E. Rese Clyce C. Gilleapie Guerdian Eddie A. Rese Alum Creek J. Hanshaw Charles E. Hurt Charterton Meichts Charter E. Hurt L. Hanstaw Ant Charleston Dewey Gietsonne A Lo Short Bigck Weber James Lo Rasshaw Arnot Checeston Masthaw Wise Sugar Creek Chaelenton Sai Tard Banus le Newton Perea Ifmma Savas Maes Oe Baie N.Y Bonds Treasury Report Edward C. Moody Westheimer & Co Kenawha Hotel Kentucky America Barber College Institute W. Va West Virginia Veteran's Administration Master Barbers of America Esso Station Institute Office Woody A Ammar Metropolitan Life Insurance Co Virginia St East Brooks Chorlastor W. Ve the Hill and Hill Distillery Company Louisville
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