Excess Profits Tax Poised to Enrich Treasury
The proposed excess profits tax could yield about 7.5 billion dollars next year, with a projected annual revenue of half a billion, surpassing recent defense taxes. Officials say the plan targets corporations, taxing profits above normal earnings, while individual rates remain adequate. Proceedings involving Treasury, House Ways and Means, and Senate Finance discuss the approach.
MENTIONED IN THIS ARTICLE
Treasury
Representatives
House Ways and Means Committee
Senate Finance Committee
Robert L. Doughton
House Group
Defense panel weighs aluminum need for 50 000 planes a year
At hearings lawmakers heard William Knudsen testify that five tons of aluminum are needed per new aircraft and Dunn’s survey to Stettinius warned of a 60 million pound yearly shortfall starting July 1942 if the 50,000 plane target is met. The three year program includes a Holston river storage dam and hydro plant near Jefferson City Tennessee plus added steam units and transmission lines.
MENTIONED IN THIS ARTICLE
William Knudsen
Defense Commission
Dunn
Stettinius
Holston River
Jefferson City
Tenn
Wilson and Pickwick
Senator Sees Peacetime Conscription Questioned
Senator Vandenberg questions the need for peacetime conscription to fill expanding armed forces. Roosevelt and the army back selective service, while Vandenberg warns of dislocation from militia mobilization. House panel studies Navy share in a nearly 4.85 billion preparedness package as wartime ship plans are reviewed.
MENTIONED IN THIS ARTICLE
Kicks
Washington
Vandenberg
R.-Mich
Roosevelt
Army High Command
Senate Military Committee
Burke-Wadsworth
War Department
National Guard
Gurney
Minton
D.-Ind
House
Navy
Woodrum
D.-Va
Secretary of the Navy
Promee
Markets drift in slow session as European war shadow lingers
New York stock readings show light lift for steels and motors, but most leaders held back. Traders blamed European conflict for a do nothing mood while United Aircraft Bethlehem Steel and others led early gains. Cottonseed oil and meal futures closed steady in New Orleans and Memphis with modest turnover.
MENTIONED IN THIS ARTICLE
New York
England
Hiter
Douglas Aircraft
United Aircraft
Bethlehem Steel
Chrysler
Pennsylvania
Loft
Chesapeake & Ohio
Alleghany Corp
Union Carbide
Sears Roebuck
Allied Chemical
Daily Market Synopsis New York Chicago Summary July 23
New York stocks mixed with narrow price changes. Bonds steady with some rate improvement. Foreign exchange dull as the British pound rises half a cent. Cotton hedging and buying. sugar steady with short covering. Metals easier with scrap copper down 1 8 cent. Wool tops fall on local sales. Chicago wheat steady, corn irregular, hogs down, cattle firm.
MENTIONED IN THIS ARTICLE
New York
Chicago
Cotton futures stay irregular as weather weighs on market
In New Orleans on July 23 futures moved in irregular fashion with buying offsetting expected weather damage in the cotton belt. Closing prices were generally steady with small gains across months. spot cotton closed quiet with a slight 5 point rise noted.
MENTIONED IN THIS ARTICLE
New Orleans
Neigher
Spot Cotton
Senator Vandenberg Warns on Conscription Alternatives
In a historic view he argues that scrapping or demilitarizing under the 1921 Washington and 1930 London pacts would leave the U S with a weaker future battle line. He cites voluntary training and enlistment as alternatives to a peace time draft and notes a letter claiming 375 000 regular troops could be reached in five months by voluntary means.
MENTIONED IN THIS ARTICLE
Washington
United States
Vandenberg
America
Congress
Poultry Prices Move in Chicago Market Report
In Chicago on July 23 poultry prices show live hens over 5 lbs at 15 cents, under 5 lbs at 16 cents, and under 4 lbs at 17 cents. Forty four trucks deliver the stock while white rock hens hold firmer with other prices unchanged.
MENTIONED IN THIS ARTICLE
Chicago
White Rock Springs
White Rock
Nashville Livestock Market Report
Salable cattle 200 and calves 150 with grass cattle steady under mild pressure. Good red yearlings 9.00 to 9.75, slaughter cows 5.50 down, hogs mostly 5.55 to 6.55 per 100 pounds, sows 25 off, sheep 600 with ewes and mother lambs 8.25 to 9.25 and fat ewes 2.50.
MENTIONED IN THIS ARTICLE
Nashville Livestock
Nashville
Tenn
U. S Dept. Agri
Chicago grain prices curb profits in midday report
Chicago prices for cash wheat and corn showed varied bids with No 1 hard wheat at 74 1 4 to 74 1 4 dollars, No 2 buff 70 3 4 to 72 3 4, No 1 mixed 73 74, corn No 1 yellow 64 1 2 to 67 1 4, No 1 white 74 1 2 76, oats ranges 28 1 2 to 30 1 2, soybeans No 2 yellow 81 to 83, sample grades 50, barley making 48 52 nominal and feed 35 45 nominal.
MENTIONED IN THIS ARTICLE
Chicago
Heat Wave Sweeps Nation With Record July Temperatures
Phoenix recorded 112 degrees as Yu ma hit 110 and Minneapolis reached 103. Readings hit 100 or more in five Montana cities led by Miles City at 105. Baltimore endured 99 for the third straight Monday while Winnipeg soldiers paused training amid 99.8 degrees. Leadville logs 40.8F after a hot night.
MENTIONED IN THIS ARTICLE
Phoenix
Ariz
Yuma
Rapid City
N. D
Minneapolis
St. Paul
Montana
Miles City
Detroit
Chattanooga
Tenn
Birmingham
Ala
Nashville
Baltimore
Mercury
Cleveland
Madison, Wis
Philadelphia
New York
Washington, D. C
State Department
Winnipeg
Man
Leadville
Colorado Mountains
Grain closes with mixed changes in July session
Chicago grain futures end July with declines across most commodities. Wheat finishes steady to up a cent or two with September at 73 1 4 to December 74 3 4 7 8. Corn falls 1 2 to 1 8 cent, September 60 3 4 7 8 and December 56 1 2 1 8. Oats drop 3 8 to 5 8 while rye holds flat to down 2 3 8.
MENTIONED IN THIS ARTICLE
Chicago
Smiths Spring Rally Signals Democratic Push
Smiths Springs report notes Hanks and Lewis Douglas former budget director leading several Democrats to back his bid yesterday as supporters rally.
MENTIONED IN THIS ARTICLE
Hanks
Lewis Douglas
Willkie Movement Described as Crusade by Smith Ally
Robert Johnson, manager of the Willkie headquarters in New York, told New Jersey that Alfred E. Smith in 1928 warned the Willkie campaign would draw 3,500,000 Democratic votes if Willkie is nominated, framing the effort as a crusade and signaling anti New Deal sentiment.
MENTIONED IN THIS ARTICLE
Smith
Millburn
N. J
Robert Johnson
New York
New Jersey
Alfred E. Smith
anti-New Dealer
Willkie
Chicago Dairy Receipts Hold Steady Across Grades
Butter receipts total 1,249,665 with grade scores ranging from 93 to 88 as markets show steady prices. Beggs receipts 17,734 with fresh graded current receipts at 13 1 2 and other prices unchanged.
MENTIONED IN THIS ARTICLE
Chicago
Hull Keeps Hemisphere Unity Aim Amid Economic Aid Debate
Hull signals openness to modifications to gain full commission approval and continental solidarity. Roosevelt's call to expand Export-Import Bank lending faces scrutiny from Argentina and others who demand clear application to their economies. The plan seeks immediate relief from export surpluses and long term resilience against European pressure.
MENTIONED IN THIS ARTICLE
Hull
Roosevelt
United States
Argentina
Buenos Aires
Western Hemisphere
New World
Limestone Farm Demonstrates Soil Building and Diversified Program
Limestone open pastures of 114 acres improved with winter legumes and alfalfa hay. Cattle and mule colts, seeds and grains added to income. cotton yield up to 470 pounds per acre and corn to 30 bushels. Mr. Garrett runs a balanced program with extensive farm group memberships and leadership roles. A farm tour and award presentation by Alexander Nunn will follow a luncheon and guest introductions.
MENTIONED IN THIS ARTICLE
Garrett
County Soil Conservation Board
Palm Bureau
Limestone County Exchange
Production Credit Association
Alabama Farmers Marketing and Exchange Association
Tennessee Valley Fertilizer Cooperative
Alexander Nunn
Progressive
Fermer
Anniston Rams Return Franchise To Southeastern League
Anniston Alabama July 23 The Anniston Rams of the Southeastern League have the franchise turned back to the league. Larry Gilbert Jr who directed team affairs announced the move. The league will operate the team for the rest of the season and transfer 24 home games to parks of the club scheduled to come here. The Rams have spent most of the season in the league cellar.
MENTIONED IN THIS ARTICLE
Anniston
Ala
AnnIston Rams
Larry Gilbert
Stuart X. Stephenson
Southeastern
Rams
Fairhope Invites Winter Tourists Through Chamber Drive
American tourists sought winter residence on Alabama's Gulf Coast and were invited to Fairhope. P A Grassfield, tourist club manager, will contact prospective visitors at the Automobile Trailer Association Convention in Manistee Michigan from July 29 to August 4.
MENTIONED IN THIS ARTICLE
Fairhope
Ala
Alabama
Gulf Coast
Chamber of Commerce
P. A. Grassfield
Automobile Trailer Association
Manistee Mich
Decatur's Diary Reports Local Transfers and Church Events
Decatur column notes Mrs. L. D. Sandlin of Hartselle route 2 moved to Benevolent Society Hospital in a McAfee Howell and Young ambulance. Carter Dobbs aims to complete the Elks lodge degree team at Wednesday night meeting. Frank Lowery of Danville route 2 discharged from hospital. Rev. Roy Sloan to lead midweek service at Ninth Street Methodist. Oakland Chapel campaign ends with several admissions. Open House planned at First Baptist pastorium. choir director T. C. Chandler announced. State Highway Patrolman Copeland transferred to Birmingham. M. S. Chambers from Huntsville fills vacancy. Various local visits, hospital updates, and church events follow through the week.
MENTIONED IN THIS ARTICLE
L. D. Sandlin
Hartselle
Benevolent Society Hospital
McAfee, Howell and Young Ambulance
Carter Dobbs
Elks Lodge
Roy Sloan
Ninth Street Methodist Church
H. L. Copeland
Decatur
Birmingham
M. S. Chambers
Huntsville
World War II News and Axis Powers Debate Rages
DNB condemns British raids on German cities as Churchill pushes for a hard response to Hitler’s peace offer. RAF attacks hit civilians in Bremen Hamburg Wismar Schwerin and other targets in Kassel Hanover Pinneberg Paderborn Hagen Bochum. Axis calls vow of intensified bombing while Japan and Italy outline diplomatic blitzkrieg patterns. United States seeks hemisphere defense plans and a $500 million import bank loan. Rumania aligns with the axis as talks loom with Germany’s Von Ribbentrop.
MENTIONED IN THIS ARTICLE
DNB
Germany
Churchill
Hitler
Bremen
Hamburg
Wismar
Schwerin
Kassel
Hanover
Pinneberg
Paderborn
Hagen
Bochum
Japan
Italy
Kingsley Wood
House of Commons
Cordell Hull
United States
Roosevelt
Congress
Import-Rt Bank
Argentina
Rumania
von Ribbentrop
Soviet Russia
Dodgers Reds fight mars seventh inning clash at Brooklyn
In a Brooklyn game at Foobers Field July 23 Pete Frey and Linus Frey were banished and Cincinnati pitcher Gene Thompson left injured after a brawl in the eighth. Whitlow Wyatt felled Frey as players surged to separate the melee amid a 35,000 crowd. The incident adds another chapter in Dodgers Giants fierce exchanges as the teams' West tour continues.
MENTIONED IN THIS ARTICLE
Brooklyn
Pete ‘Oscaratt
Linus Prey
Cincinnati
Gene Thompson
Dodgers
Reds
Fobers Field
Frey
Bill Werber
Thompson
Whitlow Wyatt
Joe Beggs
Eddie Joost
Giants
Chicago
St. Louis
Want Ads Update From Daily Classifieds
Daily note highlights that want ads are constantly updated like weather, inviting readers to check new listings each day for fresh opportunities and postings.
Visit to several points in Mississippi
A brief report notes a multi day trip visiting several locations in Mississippi. The article highlights movement between towns and references regional interests without detailing specific dates or figures.
MENTIONED IN THIS ARTICLE
Mississippi
Also Mentioned on This Page
Federico Laredo Bry
Cuba
Havana
Wall Street
Victor Eubank
Memphis
N.Y
Limestone
London
Sally
Kine Features Syndicate
Decatur’s
Frank Lowery
Danville
Martha Allred
Edgar Tucker
Oakland Chapel
Edgar Ramage
Church
Longino
Salvation Army
Westminster Presbyterian Church
First Baptist Church
T.C. Chandler
First Baptist
W. E. Waterhouse
W. A. Sullivan
Marjorie
Grizzard
Mobile
Clarence Lamon
Sears*Roebuck
Second Avenue
Josephine Stone
Altoona
Fredonia Stone
Sherman Street
W. R. Pirtle
Rome
Earl Jones
Hudson Alexander
Franklin, Tennessee
Mrs. I. E. Kitchen
Aia
W. T. Willoughby
Olivene Willoughby
Valley Country Club
T. R. Harrison
Harrison
Elmer Johnson
Athens
O. B Smith
Civitan Club
John, Roberts
Charleston
S. C
Newy Yard
June Paulk
Buford, Tenn
Ann Gregg
Danville Road
Willoughby Presbyterian Church
John Jones
Tennis Odom
Southside Baptist Church
Moulton Heights Baptist Church
J. A Chambers
Buford Mattox
Ninth Street
L. L. Ferguson
Baugh’s Infirmary
Southside Baptist
Ninth Street Methodist
Willoughby Presbyterian
Grady Wilson
Jesse Roberts
J. A. Chambers
Center Grove Church
Jimmy Smith
Sixth Avenue S
John Payne
Hami Clinic
Fourteenth Avenue
East
Bev T. Howell
Scottsboro
Edna White
Route 2
R. H. Royer
Moulton
QO. W. Bass
Hillsboro
Zelma Brothers
Jack Tankersley
Britain
Americas
Blitzkrieg
Lord Halifax
Thames Estuary
Wales
Scotland
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