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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 23, 1965
Page
4
The proposal would cut excise taxes by about 4 billion dollars, lowering consumer costs on a wide range of items from cigarette lighters to bowling alleys. It would phase out remaining excise taxes by 1969 with notable reductions in furs luggage toilet articles and jewelry.
A column of business notes reports policy shifts at the American Furniture Mart allowing showroom access to clients, drawing Southern manufacturers’ opposition and dealer compliance measures. It also covers upcoming regional meetings for the furniture trade, public relations talk for engineers, and potential auto tax cuts to curb 1965 66 price slowdowns.
The board of Burlington India proposes amending its certificate to change 500 000 shares to 40 million and split issued common stock two for one. Stockholders of record June 4 will be entitled to vote on July 23. If approved, the split becomes effective with the filing of the amendment.
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