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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Jul 11, 1963
Page
10
AP reports that 82.3 billion in corporate tax savings emerged from new depreciation rules, with corporations deducting up to 7 percent of new equipment costs. Savings, channeled into machinery and plants, spurred orders and business activity, potentially boosting growth and jobs.
The Commerce Department says depreciation allowances for machinery and equipment raised taxable write offs by 2.4 billion dollars last year. Corporations thus trimmed tax liabilities by at least 1.2 billion dollars, affecting gross receipts and tax due.
The Agriculture Department forecast this year's production of corn for grain at 3,849,133,000 bushels and wheat at 1,110,578,000 bushels. The corn figure compares with last year’s 3,643,615,000 and the 1957-61 average. The wheat forecast is 26,483,000 bushels above the prior man’s estimate, with last year at 1,091,787,000 and the five-year average at 1,225,262,000. Wheat is guided by acreage allotments and voluntary reductions. Bourbon, Missouri, was cited as a railroad camp favorite for its bourbon ration in the 1850s to deter desertion.
Kansas farmers near finish on the wheat crop with only scattered northeast fields left. Barley and oats harvests made progress, corn 80 percent in, sorghum and soybeans advancing. Drought and short rainfall hinder growth, weeds and pests cause minor damage, alfalfa second cut near 84 percent, prairie hay and bromegrass seed in northeast. Pastures dry, farm ponds low, pasture feed critically short in some areas. Also San Quentin inmates to learn reading via color codes for vowel sounds.
Atty. Gen. Ferguson asked the state Supreme Court to speed hearings and rule on Kansas Sunday trading law after a district judge earlier found it unconstitutional. The case, linked to appeals from Sedgwick County and others, seeks quick resolution to avert many lawsuits while grocers challenge Sunday sales limits and store size exemptions.
The Young Republicans of Kansas 1st District plan a constitutional convention in Hays on July 27. District chairman Gene Smith of Liberal announced with committee chair Les Penner of Liberal and members Don Rogers Hugo ton John Golden Goodland and Dr Mike Ptacik Great Bend parts of the effort to form a formal district organization. Adoption of a constitution may lead to officer elections next November and broader formation of Young Republican groups across the state.
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