Truman Pushes Tax Cuts Yet Revenue Falls Short
The Ways and Means Committee proposes excise tax cuts barely under 1 billion annually, far above President Truman's requested 655 million. He vows to veto any cut without offsetting revenue gains from higher rates on corporations, inheritances and gifts and closing loopholes. The plan outlines detailed reductions in furs, jewelry, travel tickets, domestic telegraph and more, with exemptions and special provisions, while noting final passage depends on House, Senate and Presidential approval.
MENTIONED IN THIS ARTICLE
Washington
House
Truman
Ways and Means
Senate Finance Committee
Senate
Ways and Means Committee
Western Union
Markets Flash Decatur Cotton and Grain Prices
Decatur market notes show middling cotton at 32.0 and strict low 28.00. Cottonseed per ton 40.00. Broilers 2714e delivered. Hens heavy 20c. Hatching eggs 80c per dot. Wheat 2.19. Yellow corn ear 1.42 shelled 1.48. Oats 82c. Mil e basis 134% moisture. Corn basis 1549 percent moisture.
Wall Street Slumps On Last Minute TV Stock Selloff
A late selling wave drove radio and television issues down about three points, with Zenith and Admiral among losers. Midday gains in the carrier rail group faded as selling spread to TV shares and the broad market slipped. Turnover exceeded 2 million shares. Major losers included U S Steel Bethlehem Steel General Motors Chrysler Woolworth Douglas Aircraft Air Reduction Du Pont American Woolen Illinois Central Baltimore Ohio Babcock Oil U S Gypsum.
MENTIONED IN THIS ARTICLE
New York
Zenith
Admiral
Emerson
Radio Corp
Motorola
U. S. Steel
Bethlehem Steel
General Motors
Chrysler
Woolworth
Douglas Aircraft
Air Reduction
du Pont
American Woolen
Illinois Central
Baltimore & Ohio
Barnsdall Oil
U. S. Gypsum
North Georgia Live Poultry Market Steady May Prices
North Georgia live poultry market reports an undertone of steadiness with adequate supplies of small broilers and fryers, but heavy fryers remain short in some areas. Trucking and dressing plant demand is good. Prices paid FOB farm Monday afternoon and today ranged 26 1/2 to 27 1/2 cents per pound for broilers and fryers of all weights.
MENTIONED IN THIS ARTICLE
Atlanta
USDA
North Georgia
New York Cotton Prices Slip Amid Hedging Pressure
Hedge selling and profit taking push New York cotton futures lower as old crop months see extensive hedging in July delivery. May liquidation grows with May selling against July 1950 buying, price gaps of 15 points. 46 May notices in New York and 3 in New Orleans. Prices fall 20 to 50 cents per bale. May 32.63, July 32.78, Oct 31.57.
MENTIONED IN THIS ARTICLE
New York
May
New Orleans
Wheat and lard move on mixed Chicago board
Chicago May 2 Lard rose independently while other commodities weakened after a technical correction. Wheat fell 1 1-4 to 1 7-8, corn rose 3-8 to 3-4, oats mixed, soybeans down, May contracts listed with closing figures.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Markets at a Glance New York May 2
Stocks fall with TV shares dropping sharply as bonds hold steady and rails show mixed prices. Cotton declines on hedging and profit taking. In Chicago wheat weak due to rain in the Southwest, corn closes higher, oats steady. Hogs firm to 25 cents higher at 17.75, cattle mostly steady to 31.50.
MENTIONED IN THIS ARTICLE
New York
Chicago
Nashville Livestock Prices Steady Amid Mixed Cattle Hog Trade
Nashville reports cattle mostly steady with Monday’s strong trade. Slaughter steers 22.00-26.00, some 27.50. cows 13.00-19.00, bulls 20.00-21.50. calves 19.00-29.00. hogs uneven with 180-250 lb at 16.50-16.75. sheep 29.00-30.00 for spring lambs, ewes 11.00 down.
MENTIONED IN THIS ARTICLE
Nashville Livestock
Nashville
Tenn
Federal
State Departments of Agriculture
Council Addresses Slum Funds and Gas Rates Decision
A council meeting included a note on slum clearance funds and a Federal Power Commission decision on natural gas rates. A public hearing on ordinances 564-585 for paving and drainage along Eighth Avenue West from Moulton to Streets was adjourned to May 15.
MENTIONED IN THIS ARTICLE
Eighth Avenue
Moulton
Mayor Stricken During Revelt in Mosinee
Mosinee Wisconsin May Day mock revolution ends as Mayor Ralph Kronenwetter 49 suffers a cerebral hemorrhage and is hospitalized in critical condition. He was roused and briefly dressed for reenactments by Legion security police amid the staged Red invasion.
MENTIONED IN THIS ARTICLE
Mosinee
Wis
Wausau
Ralph Kronenwetter
St. Mary's Hospital
R. E. Shannon
Kronenwetter
Red
Wisconsin Department of the American Legion
Alabama and national races shape 1952 campaign tone
Democrats faced a tight presidential and Senate contest with Pepper versus Smathers and Hill seeking renomination in Alabama. Voter turnout estimates hovered around 400 000 in Alabama as candidates argued over national party alignment and policy, while Ohio and Indiana primaries featured Taft opponents and a notable race in Indiana led by Rep. Cecil Harden.
MENTIONED IN THIS ARTICLE
Alabama
Pepper
Truman
Pepper-Smathers
Smathers
State
Democratic Committee
Alabama Party
National Democratic Party Organization
States Rights
Hill
Lister Hill
National Party
Russell
Navy
John Crommelin
Ohio
Robert A. Taft
Taft
Joseph T. Ferguson
Toledo
Michael V. Disalle
Congress
Indiana
Cecil Harden
Covington
Birthday Dinner at Terry Home Honors Mrs Singleton
A birthday dinner was given Sunday April 30 at the home of Mr. and Mrs. W. O. Terry in Hartselle honoring Mrs. Edward Singleton and Maurice Terry. Dinner was served buffet style at noon to a group including Mrs. J. B. Lee, Mr. and Mrs. W. A. McMeans, J. T. Morris, Miss Cora Morris, and many others.
MENTIONED IN THIS ARTICLE
W. O. Terry
Hartselle
Edward Singleton
Maurice Terry
J. B. Lee
W. A. McMeans
J. T. Morris
Cora Morris
W. A. Sa
Jérrill and Nolan
Billy King
Terry
Violet Cook
Carl
Billy
Joe
Oscar Jr
Maurice
Thurman
Judith Lee
Group Entertained At Dinner by Allen
A group of young people were the Sunday dinner guests of Jackie Allen on April 30 at the home of Mr. and Mrs. L. E. Allen. Those enjoying the occasion were Mack Atkins Sara Joe Allen Mar gie Atkins Carl Burleson Hammond Henderson Bonnie Winton Hubbell Winton Yetalee Hardy Oneal Hardy yuneny St? dine Sharp Nancy Watkins Jack Kerp Sherman Henderson and Jackie Allen. Calling in the afternoon were Dolphus Turney J. W. Atkins Ellon Freeze Earl Charest Mr. and Mrs. Thomas Winton and Larry visited Mr. and Mrs. L. E. tr ali A nice time was reported.
MENTIONED IN THIS ARTICLE
Jackie Allen
L. E. Allen
Mack Atkins
Sara Joe Allen
Margie Atkins
Carl Burleson
Hammond Henderson
Bonnie Winton
Hubbell Winton
Yetalee Hardy
Oneal Hardy
Yuneny
Ie Dine Sharp
Nancy Watkins
Jack Kerp
Sherman Henderson
Dolphus Turney
J. W. Atkins
Ellon Freeze
Earl Charest
Thomas Winton
Larry
L. E
Ali
Beds for Russian family sparks Glen Cove zoning row
In Glen Cove New York a debate erupts over how many beds a Russian family should have in the 47 room J P Morgan mansion rented by Soviet diplomat Leonid Morozov for the summer. Officials question if diplomatic immunity covers sleeping arrangements and zoning limits while another Soviet figure Jakob Malik rents a nearby estate.
MENTIONED IN THIS ARTICLE
Glen Cove
N. Y
Long Island
State Department
United Nations
Leonid A. Morozov
J. P. Morgan
Morozov
John Finn, Jr
Finn
Luke Mercadantes
Warren Austin
Jakob Malik
Reynolds
Morgan
Malik
Youth Temperance Leader to Speak in Decatur Friday
Miss Erlaine Weaver, national general secretary of the Youth Temperance Council of Evanston Illinois, will speak in Decatur on Friday May 5. Brought by the Woman's Christian Temperance Union she will hold youth temperance workshops in Decatur Ing ham Montgomery Mobile Selma and Gadsden with a Central Methodist church meeting 2 30 to 4 30 pm attendance invited including representatives from Huntsville Florence Tuscumbia Spruce Pine and nearby towns.
MENTIONED IN THIS ARTICLE
Erlaine Weaver
Youth Temperance Council
Evanston
Illinois
Decatur
Miss Weaver
Alabama
Woman's Christian Temperance Union
Ingham
Montgomery
Mobile
Selma
Gadsden
Central Methodist Church
Huntsville
Florence
Tuscumbia
Spruce Pine
Brindlee Mountain Culture Club Holds May Meeting
The Brindlee Mountain Culture Club met Thursday with nine members present and one visitor, Miss Lillie McClure. President Mrs. W. B. Lemley led the prayer, roll call noted preferred flowers, and talks covered pot flowers care and bonds savings. A quilt sale will fund equipment for Falladesa Blind School Shop. The next meeting set for May 11 at Mrs. Fred Hicks.
MENTIONED IN THIS ARTICLE
Brindlee Mountain Culture Club
Lillie McClure
Somerville
W. B._Lemley
Hicks
Falladesa
Celia Sullivan
Isaiah
Weslie Thomas
W. C. Williams
Fred Hicks
Powers Melvin Called Home
Powers Melvin, 83, died today at 6 20 A M at the home of his daughter Mrs Fred Sparkman in Hartselle after a long illness Surviving are one daughter four sons Ott Melvin Trafford Earl Melvin Trafford James Melvin Bessemer Na mon Melvin Piison three sisters Mrs Nora Higginbotham Piison Mrs Josiene Trafford and Mrs Lou Gillam Iris Ala and four brothers Jack Mitt and Virg Melvin all of Piison and Jess Melvin Shades Valley He was a member of Hopewell Baptist church Funeral arrangements will be announced by Peck pending arrival of relatives.
MENTIONED IN THIS ARTICLE
Powers Melvin
Fred Sparkman
Hartselle
Sparkman
Ott Melvin
Trafford
Earl Melvin
James Melvin
Bessemer
Namon Melvin
Piison
Nora Higginbotham
Josiene
Lou Gillam
Iris
Ala
Jack
Mitt
Virg Melvin
Piison 1
Jess Melvin
Shades Valley
Melvin
Hopewell Baptist Church
Peck
Lattimore Testimony in McCarthy Inquiry Sparks Firestorm
The Senate inquiry hears charges against State Department adviser Lattimore labeled as a top Russian agent by critics. Weathered witnesses including Mrs.Fre da Utley and Louis Budenz claim he acted like a communist, while Lattimore denies the accusation. The day includes continued debate on foreign aid and defense spending as lawmakers seek new revenue to offset excise tax cuts. Senate hearings also probe alleged underworld links to horse racing results via continental press service.
MENTIONED IN THIS ARTICLE
McCarthy
Lattimore
Louis Budenz
Senate
Beief
R-Wis
State Department
Department
House
Revenue House
Ways and
Truman
Continental Press Service
Cleveland
Runoff Looms in Alabama Democratic Races for State Offices
Long a runoff May 30. Nationwide interest grows as the race for 72 seats on the state Democratic executive committee splits loyalists and states rights factions. In gubernatorial races, 15 candidates seek the nomination with a likely runoff between the top two.
MENTIONED IN THIS ARTICLE
State
Democratic Executive Committee
States Rights
Alabama
National Party
Truman
Meters and Fines Boost City Budget Report
The April monthly report shows fines from the police court and parking meters adding 5 661.65 to the city budget. City Recorder James Bloodworth handled 202 prisoners on charges from assault to improper tags. police logged 25 wrecks and 37 disorderly cases with 32 traffic violations.
MENTIONED IN THIS ARTICLE
James Bloodworth
Morgan County
Mississippi
Athens
Clayton County
Huntsville
Recorder's Court
Recorder’s Court
Local Weather and Crime Notes From The City
Noon temperature 67 degrees, 1 degree below 8 a.m. reading from TVA sub station reports. Monday high 75 at 2 p.m. Rainfall 0.6 inches in past 24 hours. Frankie Spears of Huntsville is in serious condition at Vanderbilt Hospital. No arrest yet in Floyd's robbery at 608 Vine Street Sunday night. Sgt. Collier and Officer Hill investigated. Dr. John J. Van Gorder to speak on Sinai or Slavery at 7:30 p.m. and Ruth study at 10:30 a.m. daily.
MENTIONED IN THIS ARTICLE
Annie Green
Hamilton County
Chattanooga
Tenn
Priscilla McCoig
TVA
Frankie Spears
Frank _ Spears
Huntsville
Decatur
Vanderbilt Hospital
Nashville
Floyd's Place
Vine Street
J.B. Whitmire
W. M. Floyd
Floyd
James Collier
Lester Hill
John J.van Gorder
Sinai
Teader
Retail Trade Rises Sharp in Southeast in 1950 First Quarter
Department of Commerce data show retail trade up in most Southeast cities for the first quarter of 1950. Atlanta Birmingham and Savannah up 11 percent, Columbus Ga 14 percent, Biloxi Miss 23 percent, Gulfport Miss 12 percent, Johnson City Tenn 19 percent, and Asheville N C nine percent. March gains over 1949 ranged from 10 to 29 percent with Atlanta 19 percent and Biloxi 24 percent leading.
MENTIONED IN THIS ARTICLE
Atlanta
Southeast
Department of Commerce
Birmingham
Savannah
Columbus
Biloxi
Miss
Gulfport
John City
Tenn
Asheville
N.C
Clarksdale
Coahoma
Quitman
Twiggs
Bleckley
Johnson City
Painless Teeth Cutting Method Touted By Alabama Dental Group
In Biloxi on May 2, the Alabama Dental Association discussed a new painless dental technique using aluminum oxide powder delivered by air for cutting teeth and a softer powder for cleaning. Dr. Charles W. Lokey Jr. explained the method during the session. New officers were elected including Dr Lon Alexander as president and Dr Luther Hughes as president elect with Dr Frank Matthews as vice president.
MENTIONED IN THIS ARTICLE
Biloxi
Miss
Alabama Dental Association
Charles W. Lokey Jr
Alabama School of Dentistry
Birmingham
Lon Alexander
Gordo
H. T. McKinnon, Jr
Troy
Luther Hughes
Aliceville
Frank Matthews
Montgomery
George Matthews
Maurice Rowell
Mobile
Alabama State Board of Dental Examiners
Righters State Treasurer Pool Nine Names Reported
The list includes Thomas as State Treasurer candidate with Pool 9, Terry as Superintendent of Education, St. John and Dotson with two mentions each, Stewart as Commissioner of Agriculture with ten, Hitchcock and Lee on Public Service Commission No. 1, Tucker and Owen on Public Service Commission No. 2, and Brown and Grace linked to the Supreme Court race.
MENTIONED IN THIS ARTICLE
Terry
St. John
Dotson
Stewart
Public Service Commission
Hitchcock
Lee
Tucker
Owen
Supreme Court
Brown
Grace
Alabama Ballot Roster Includes Several Incumbents and Names
The page lists candidates for state offices including secretary of state and state auditor currently held by others. Floye D. Dotson Vernon L. St. John W. J. Terry. John Margen Flowers Jr W V Mitchell Frank Stewart. Public Service Commission places one and two with incumbents. 5th Court seat in Montgomery and Birmingham race. voters also choose five circuit judges and 29 circuit solicitors plus local posts.
MENTIONED IN THIS ARTICLE
Eugene (Bull) Connor
Albert Stapp
Birmingham
Chauncey Sparks
Eufaula
William M. Beck
Fort Payne
R. K
Buster) Bell
Huntsville
Elbert Boozer
Anniston
James M. Dement
Athens
Hugh DuBose
W. R. Farnell, Jr
Mobile
Wiley Gordon
Oneonta
Phillip Hamm
Montgomery
James E. Folsom
J. Bruce Henderson
Miller's Ferry
Joe Money
Reuben Newton
Jasper
Alabama
Public
Gordon Persons
Hobbs
Sam Hobbs
Fourth
Selma
Tom King
Ann
W. E
Red) James
H. F. Wheat
Walter Gus Woods
Tuscaloosa
Edward DeGraffenried
Seers
John S. Tucker, Jr
Miremateens
Snameenes
Su Court
Davis
Reon
Clei
James B. Allen
Guy Hardwick
Dothan
Devie
R. E. Buster
Hogan
Si Garrett
Lee Porter
Agnes
Dan J
Mony
A. Hudson
I Tee Frank
Dan Thomas
Floye D. Dotson
Birminam
Vernon L. St. John
Opp
W.J. Terry
Greensboro
John Margen Flowers, Jr
W. V. Mitchell
Tallassee
Frank Stewart
Hope Hull
Public Service Commission
Jimmy Hitchcock
O. P. Lee
Kika
C. C
Jack) Owen
Howell Turner
Pardon-Parole Board
Corner
Court Place
Ee B
General Bradley urges Congress to keep the draft alive
Gen Omar N Bradley told Congress the draft law should be extended as world conditions demand mobilization. House hearings on extending the draft resumed with Vinson supporting a two year extension and timely mobilization planning by NSRB.
MENTIONED IN THIS ARTICLE
Washington
Omar N. Bradley
Congress
Joint Chiefs of Staff
House Armed Services
Bradley
Vinson
D-Ga
Defense Department
Stuart Symington
National Security Resources Board
Oeece Johnson
Acheson
Ambush shooting at Nebo group described in Decatur clash
Witnesses recount a benefit supper crowd from Decatur and Nebo moving to Hattie Jones house where Amos Jones and others grapple with pistols. Richard Smith loses a pistol, is struck with his own gun, and later James Smith and Garth fire from ambush. Shots ring out as headlights illuminate the scene.
MENTIONED IN THIS ARTICLE
Land Nuby
James Barnes
Garth
Smiths
Amos Jones
Decatur
Arvie Lee Garth
James Smith
Richard Smith
Jones
James Willingham
Kirkpatrick
Archie Elliott
Archie* Elliott
Atlantic council London briefings push intensified defense program
Informants say Acheson backs a stepped up military effort and integrated defense plants agreed by 12 defense ministers at The Hague. Urges Europe to raise defense budgets while urging more imports to close Europe’s dollar gap and boost world prosperity. Eugene Holman of Standard Company (New Jersey) cites increasing overseas goods purchases.
MENTIONED IN THIS ARTICLE
Atlantic Council
London
Acheson
Lavants
The
Hague
United States
United States Chamber of Commerce
Washington
Eugene
Standard Company
New Jersey
Ofurope
Holman
Blackwell Motors Anniversary Month Drives Public Interest
In a busy market Blackwell Motors promotes Anniversary Month drawing strong public enthusiasm for Mercury cars and related deals. Local shoppers respond to advertised incentives and stress on limited-time advantages amid a competitive auto market.
MENTIONED IN THIS ARTICLE
Mercury
Blackwell Motors
Ady
Also Mentioned on This Page
Kurfees
H. L. Reeves
Eighth Ave
West
Wall Street
Council
Allen
Youth Temperance Unit
Diart
Pool
Thomas
Dillehay
Grant
Fred King
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