New Tax System Opens With High Speed Computer
Washington reports a major shift as the Internal Revenue Service rolls out a high speed computer in 1962 to process returns. Initially handling business returns in seven Southern states, the system will later cover all taxpayers, promising faster refunds and enhanced enforcement. The Martinsburg West Virginia facility centers the ADP network with 72 million accounts planned by 1966 and 135 million by 1980.
MENTIONED IN THIS ARTICLE
Washington
UPI
Uncle Sams
Internal Revenue Service
IRS
Gever
Internal Revenue
Martinsburg
W.va
Birmingham
Ala
St. Paul
Boston
ADP
Revenue Service
Serv
Ter
Treasury
Douglas Dillon
Dillon
Laos Talks Strain Amid Rebel Government Clash
A Western diplomat warned the Geneva agreement would lose value if Laotian talks fail. In Washington, State Department spokesman Lincoln White voiced U S concern over the Laos conflict as Souphaneuvong sacks at Boun Oum’s gov ernment, calling it a plan of American warmongers.
MENTIONED IN THIS ARTICLE
Washington
State Department
Lincoln White
U.S
Laos
United States
Souphaneuvong
Boun Oum
Fort Worth Market Report Livestock Prices
Live cattle and calves steady to higher with slaughter steers around 25.00 and calves 23.50 to 25.00. Hogs active with butchers 17.00 to 17.25, sows down to 15.00 to 15.75. Sheep active with slaughter lambs 15.50 to 16.00 and yearlings 11.50 to 12.00.
Coffee demand soars as capacity doubles sales pace
New York reports that instant coffee drinkers gain value as output expansions push capacity to about twice current sales. Powdered coffee consumption rises more than 25 percent above 1956 levels, signaling strong demand and price relief potential despite production limits.
MENTIONED IN THIS ARTICLE
New York
UPI
Guerrilla Arms Link to South Viet Nam Conflict
The report notes that supplying Communist guerrillas with arms is strategically tied to the Soviet backed guerrilla war in South Viet Nam, highlighting broader Cold War military dynamics and external influence shaping regional conflict.
MENTIONED IN THIS ARTICLE
South
Viet Nam
Noon Cotton Prices on March Futures Rise
United Press International reports New York cotton prices with March at 34.16 plus 4, May at 34.74 plus 4. Futures in New York show March at 33.92 up 5 while May remains unquoted.
MENTIONED IN THIS ARTICLE
United Press International
New York
Comic book publishing makes a big 1961 comeback
New York report says the comic book industry recovered from the 1950s implications of juvenile delinquency investigations. After a shakeout, two-thirds of publishers vanished, but 1961 sales rose to about 300 million copies, up 50 million from 1960.
MENTIONED IN THIS ARTICLE
New York
UPL
Books Boom New York Turns Billion In 1959 Sales
Book sales topped the billion dollar mark for the first time in 1959 and rose further in 1960. The market has grown steadily at about 10 to 12 percent annually over the past decade, according to the New York Stock Exchange publication.
MENTIONED IN THIS ARTICLE
New York
Exchange
New York Stock Exchange
Also Mentioned on This Page
National Computer Center
Heart of Computer Center
Ice
Fort Worth
USDA
Cmeback
Rayons
Mee
Volosky
Goodyear
Rayon
Televisions
Sf Ag
Bana
Cael
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