Will 800 Personal Exemption Survive?
Stock market notes show a heavy trading pace with the Dow Jones average down at noon and earlier losses. Analysts cite tight money, profit worries for 1970, and investor shifts to bonds as factors, with support levels around 715 to 785 suggested.
MENTIONED IN THIS ARTICLE
Nooh
Clifford
Thomson
McKinnon
Dow
Wednes Taitts
New York Exchange Items Signal Market Shifts and Tax Debate
The New York market report notes insurance companies like Jefferson Standard Life and American insurers announcing rate changes effective January 1, with discussions on dividend policies and tax proposals. Senate House conference and rate adjustments on personal income tax and policyholders’ accumulations are mentioned, alongside stock quotes, bonds, and market indicators reflecting a broad financial picture.
MENTIONED IN THIS ARTICLE
Associated Press
Jefferson Standard Life In
Washington
York
Amerteen Sisensurance Co
Albert Gore
Leeds
Senate House
Roger Soles
Zakaris
Jefferson Standard
Natomas
Ramgan
Newberry
Newman
NortomWat
Forthrop
Voss pNwst
Bresind
Duke
Pac Pet
Eura Cp
Penney
Pannz UN
Fanstesl-Inc
Persie
Philip More
Ty Flintkote
Fey
Phil Pet
Pitney
New York
Uestor
Gannett
Chalo Safeway
Sanders
Lee
Boeing
Seth
CarrierCp
Caterna Eneicke Oe
Lear
Virginia
Mackeics
Georgia
Mada Aziq
Feland
Whirl Co
Saab
Anecrates
Preteland Corpo
Whitta
MoleSho
Winndix
Woolwich
Kerox Co
Cmannes
Sagal
Teeealet
de- Mas
Comerce
Leeren Chamber of Commerce
Ode von Analio Puone
Boothas
Clowna
Senate Tax Reform Amendment Shifts Income Exemption
Senate votes 58 to 37 on an amendment by Hartke to repeal the 7 percent investment tax credit and raise the personal income tax exemption from $600 to $800, cutting over $6.7 billion in revenue and affecting the 1971 tax reform plan. North Carolina and Indiana senators supported the measure, while others debated its impact on tax reform.
MENTIONED IN THIS ARTICLE
Mills
Arkansas
Nixon
Suport
Gore
Nei Hartke
D.ind
Washington
North Carolina
Ervin
B. Everett
Jordan
Senate
Credithuift Stock Listed on New York Exchange
William H. Shropshire manager of the firm’s Main Street local branch reports Credithuift Corp lists 2,200,270 shares of its common stock on the New York Exchange under ticker CRD. The company operates consumer financing services through 47 branch outlets nationwide and previously traded over-the-counter.
MENTIONED IN THIS ARTICLE
Credithuift. Financials ‘Corp Ectumon
New York Exchange
CRD
William H. Shropshire
Main St
Ther
Iis
Jordan Named to Henredon Furniture Executive Staff
Jordan has been named to the executive staff of Henredon Furniture Industries after retiring from Woodward Lothrop in Washington, D C where he was divisional merchandise manager. Before joining Henredon he was associated with Hibriten Furniture Co and with the Lane Co. He will join Henredon in late January.
Reelected president and secretary treasurer named
reelected preside n denike Roy D. 'Alaias of Sanesear reelected, secretary treasurer of the society,'
MENTIONED IN THIS ARTICLE
Denike Roy
Congressional Talks Hover Over Tax Bill Exemption
Congressional sources say compromises loom as a $700 exemption faces two major obstacles to passage in both chambers. President Nixon hints he would veto if Gore’s amendment remains, while Mills leads House conferees on the reform bill, seeking tax relief without delaying Treasury outcomes.
MENTIONED IN THIS ARTICLE
Nixon
Mills
Mio
Gore
Treasury
Tax plan would raise personal exemption under Gore bill
The Gore tax plan would raise the personal exemption from 600 to 800 over two years. For a four person family with 5000 income the tax would be 12 in 1972 under the new plan vs 290 now. for 10000 income the tax would be 962 vs 1114 under current law. single person would face 1174 under the committee bill.
MENTIONED IN THIS ARTICLE
Washington
Sen
Alber Gore
Senate
Senate Finance
Cormmittee
Gore
Swedish Sex Film Goes To High Court
A Swedish sex film debate centers on privacy in the home versus public decency. Attorneys for Grove Press argue the film’s content appeals to prurient interest and raises questions about rational distinctions in obscenity law.
MENTIONED IN THIS ARTICLE
Peat i
Priz
Grove Press
Gex
Politics Of Hunger Reignites National Debate
President Nixon acknowledged in 20th century America hunger remains a problem and launched a White House Conference on Food Nutrition and Health to advise on alleviating hunger. Congressional probes under Sen Clark and Sen McGovern explored malnutrition, food stamps, and policy shifts amid inflation and war pressures.
MENTIONED IN THIS ARTICLE
Harry F. Rosenthal
Associated, Press
Washington
Nixon
America
Congress
White House
Joseph S
Clark
Vania
House Ag
Funger
Mississippi
Americas
Agriculture Department
Orville L. Freeman
Senate
Sen
Committee On Nutrition and Human Needs
George McGovern
D-8.d
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Stock Market Report
By Joe Hall
By Whayne Eisenman
Busing
Wri'er
NEW York ‘Exchange
Dow-Jones
Kids In Toyland
oOther
Wo Chambers
Tennessee Democrat
Wilbur D. Mills
House, Ways and Means Committee
Inéas Notte
N.C
Bill
New York Stock
Exchange
WHPE