Excise Tax Cut Details Awaited By Johnson
Johnson plans to cut excise taxes to sustain a record peacetime expansion. The administration seeks July 1 implementation with targets to be detailed to Congress. Observers note potential cuts could total up to 5 billion, affecting items from luggage to autos and telephone service. Automobile production rose 19 percent week over week, while May car sales climbed 17 percent. Retail sales eased in April, the Commerce Department said.
MENTIONED IN THIS ARTICLE
New York
Johnson
Business Council
Gardner Ackley
President's Council of Economic Advisors
Congress
Stocks Slip as AP Average Dips Week Over Week
The Associated Press average of 60 stocks eased to 343.5 last week from 343.6. The commodity index rose for the fourth straight week to 172.3 from 170.8. Livestock and nonferrous metals led the gains amid a mixed market.
MENTIONED IN THIS ARTICLE
Associated Press
Also Mentioned on This Page
By Philip J. Keuper
AP Business News
Maria
Commerce Department
National Association of Security Dealers
Bassett Furniture
Brody
Casualty
Carolina Mills Fnc Carolin Carolina Corp
Cone Mills
First Southern Cocoma Founders of
Carolina
Gartinkie J. Com
Hanes Corp
Mardees Sys. Com
Tnv
Tvey, J. B. & Co
General Liberty Loan Luck’s Inc Ee
National Dev
New Jersey
Roberts Co
Lou Furniture Finance Mills
Mu.linginv Fund Plastics
Walker
Shoe
Olmoals A. Lon of Security
Ee OY
Ee Life & Accid
Pastics
Bankers Life First Union
Nat'l Bank Pranklin
A. P International Life Ins
Keiser Steel
Liberty Life & Casualty
Life of Virginia
Lilly & Companies Handley Hdw
National ‘Life & Acc
New Britain National Oid Line Life
American Life
N.C
National State Life Natural’ Gas of
Life & Trust Fin
Travelers Insurance We & Accid
Oh Power & Gas
Greensboro
N. C
Lonneys
Batiste
Main ST
College Village Shopping Center
Doan
General Electric
Stanback
Cepacol
Playtex
Eckerd
Eckerd’s
Barbe
SEA & Ski
Jergens
Lanolin
LEGO
Colgate
Norelco
General Electric Electric
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