New Tax Bill Aims Billion-Year Defense Funding
A House subcommittee prepared a broad tax bill to finance defense through a 10 percent supertax on all, raise the corporate and middle income levies, and extend the debt limit. The plan lowers exemptions for married and single filers, expands excise taxes, and would fund about 2,050,000 more individuals directly via the new levy.
MENTIONED IN THIS ARTICLE
House and Means
House
Senate
President End
Roosevelt
Bonds
Congress
German offensive near Oise stalls amid vague Nazi reports
Allied dispatches describe German assault concentrated near the Oise valley with tanks and infantry pushing toward Carlepont and threats to Paris. British circles estimate about a million German troops in Somme Aisne operations while Berlin claims progress south of the Somme canal.
MENTIONED IN THIS ARTICLE
Oise
Paris
High Command
Somme
Aisne Canal
London
Somme-Aisne
Carlepont
Berlin
Abbeville
Amiens
Peronne
Oise-Aisne Canal
Germany
France
Markets Slip Amid Slow Wall Street Trading
New York markets opened with scant bullish stimulus as leading issues drifted in an irregular pattern. Turnover for two hours reached 199 270 shares, the smallest since last July, with some gains seen in motors amid talk of armament lines expanding.
MENTIONED IN THIS ARTICLE
New York
Motors
Markets at a Glance
Markets at a Glance report slight stock mix with lenders improving and foreign loans higher. Exchange rates are erratic with limited copper supply and uneven trade. Wool and sugar notes appear. markets otherwise quiet as Saturday close for summer. Chicago highlights show wheat and corn down and cattle steady.
MENTIONED IN THIS ARTICLE
New York
Ster- Ste Extet
Chicago
Cotton Prices Steady in New Orleans Market
Spot cotton closed quiet with price gains led by six increments, low middling at 9.48 cents and good middling at 10.93 cents. Receipts 840 bales and total stock 606,003 bales as of June 8 in New Orleans.
MENTIONED IN THIS ARTICLE
SPOT
New Orleans
Spot Cotton
Cotton future gains on late trade in New York
Cotton futures rose in late trading in New York as persistent buying from traders and house purchases met with reduced offerings. Final prices climbed 5 to 8 points with commission houses and southern liquidation easing in early dealings aided by Bombay selling.
MENTIONED IN THIS ARTICLE
New York
Commission House
Southern
Bombay
Cotton futures rise on weekend short covering in New Orleans
Cotton futures in New Orleans traded with weekend buy to cover activity. Closing prices showed small gains of two to four points as figures listed indicate steady increases across several contracts.
MENTIONED IN THIS ARTICLE
New Orleans
Butter prices hold steady in Chicago market
Butter prices were unchanged today in Chicago. Market activity remained quiet with buyers and sellers awaiting further guidance.
MENTIONED IN THIS ARTICLE
Chicago
Cottonseed oil prices hold steady in New Orleans market
In New Orleans on June 8 cottonseed oil closed steady with bleach able prime summer yellow at 6.00, prime crude nominal. July at 5.58, October at 5.66, December at 5.78, and bids noted.
MENTIONED IN THIS ARTICLE
New Orleans
Iere
New Orleans Cotton Prices Rise in Southern Markets
The average price of middling 15-16 inch cotton at ten southern spot markets today climbed to 10.23, higher than the 30 market day average of 10.04. The middling 7-8 inch grade averaged 10.64.
MENTIONED IN THIS ARTICLE
New Orleans
Cottonseed futures close quiet in Memphis market
Prime cottonseed meat futures finished quiet with no sales. F.O.B. Memphis closing prices set for July at 23.25 cents, September 20.85, October 20.25, December 20.10, and January 20.00.
MENTIONED IN THIS ARTICLE
Memphis
Tenn
F.O.B
Wheat and soy bean prices in Chicago report
From Chicago in June, cash grain values included No. 1 yellow wheat at 66 1 2 to 68 1 4, No. 2 at 66 to 68, No. 1 white at 78, oats No. 1 mixed 34 1 2, sample 38 1 2, No. 2 white 36 1 4, No. 3 34 1 2 3 5, sample 333 4, barley 55 to 60 nominal, feed 40 to 48 nominal, soybeans No. 2 yellow at 81.
MENTIONED IN THIS ARTICLE
Chicago
Decatur Notes Show Services Travel and Local Life
Decatur daily notices list church services with music by Mr and Mrs Longino at Central Baptist and revival at Grant Street Church. Residents travel for visits and concerts while others return from illness or vacations. Births, hospital updates, and small-town errands fill the week with countless names and routes around Decatur Alabama.
MENTIONED IN THIS ARTICLE
Mrs. Longino
Roosevelt Favors National Military Training Plan Comment
President Roosevelt, asked about a New York Times editorial on compulsory military training, said he read only the first paragraph and liked it. The def esolution comes amid wartime mobilization and plans for mass production of aircraft and a rapid, single engine fighter.
MENTIONED IN THIS ARTICLE
War Department
Detroit
Roosevelt
New York Times
Garrisons to Throw Men Into Somme-Aisne Defense
Informed German sources note the Reich widened oil reserves to an eight month supply. The move accompanies plans tied to Italy’s entry into the war and aims to cripple the French air force and siege Paris to prevent a French counter blow against Italian possessions.
MENTIONED IN THIS ARTICLE
Somme-Aisne
Reich
Italy
Germany
Paris
France
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C-Usisa
Dunkerque
Channel
England
Jan Shured
General Assembly
Rochester
Suffolk
English
Wall Street
Lr.rankin
N- Sentra
N. C. Cotton
Daly
THE
Decatur Daily
Decatur’s
Clifford Knight
Birmingham
Ben Collier
Decatur
Constance McElroy
Ingham
Li Cobbs
Athens Baptist Church
Dan Walden
Louisville, Ky
Mildred Swatzell
Dayton, Tenn
William Jennings University
Pauline Cole
Jean Walden
Austinville
Price Knight
Moulton Route 2
Barbara Gale
Emens Clinic
Dr. J. Y. Hamil
Florida
Fritz Schubert
Greensboro
N. C
Schubert
Alabama Hosiery
Bernice Dobbs
Baugh’'s Infirmary
Leonard Carl
Jimmy
Ellisville, Ala
B. E. Sheats
West Moulton Street
Oliver Powell
Sixth Avenue 8
Baugh’s Infirmary
Jesse H. Roberts
Falkville
Ala
Bob Jones College
Comee ~Exeréises
Roberts
Harold Dpd. Foote
Household Finance> Corporation
Cedar Rapids
Iowa
J. B. Downing
CIT
Tom Ratliff
Ernest Hestla
Cullman Hospital
State Employment Service
H. P. Still
J. H. Hamilton
L.T. Fuller
Southside Baptist Church
Atlee Hoff
Sewanee,Tenn
University of the South
Mr. Hoff
Sewanee
Atlee Hoff, Jr
Nashville
Louis Hoff
Anniston
M. R. Rankin
Lamar Penney
Pennsylvania
James A. Taylor
Drinkard
Benevolent Society Hospital
W. H. Taylor
Vinemont
Newt Willard
Somerville
Claude Tyler
Dillo Roberts
Lacon
Jere
John Hamiton
James Herald
Route 3
Catherine Jackson
Moulton
O. R. Powell
Sixth Avenue South
Grant St
Grant Street
Church of Christ
B .B. Beasley
Baugh's Infirmary
Martha Fettig
Hamil Clinic
Fred English
O. S. Hagerman
Westminster Presbyter
Ralph
Huyler
OF America
Shumake Furniture Coo. Inc
Decatur, Alabama
Decatur, Ala
Yours
Shumake Furniture Co., Inc
J. L. Shumake
the Daily
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