Furniture market holds steady demand despite price moves
A cross section of furniture manufacturers reports robust activity with little in the way of real problems. Firms expect high delivery volumes through year end and into 1959, with many operating beyond 40 hours and ample backlogs. Prices show mixed adjustments with some lines holding steady and others awaiting January show plans.
Businessman Uses Tax Laws To Rescue Studebaker Pact
A. M. Sonnabend, 61, headlines a vast empire from hotels to mills and retail stores. He aims to help Studebaker-Packard by combining tax loss carryforwards with profitable firms, seeking to offset deficits and extend loss deductions across years.
MENTIONED IN THIS ARTICLE
New York
Ina
A. M. Sonnabend
Sonnabend
Studebaker-Packard Corp
Hotel Corp.s of America
Somerset Hotel
Boston
Edgewater Beach
Chicago
Mayflower
Washington
Roosevelt
Florida
Harvard
Hotel Corp. of America
Botany Mills
Income Tax Facts for Year End Planning
This NC Society of CPAs guide urges action before year end to maximize tax benefits. It covers bad debts, capital losses, dependents, alimony, joint returns if widowed, and depreciation options, plus strategies to offset gains with losses and maximize medical expense deductions.
Big Item Demand Rises in Home Furnishings Market
A Dan Bradstreet report indicates a surge in consumer demand for home furnishings and appliances. TV sets, automatic dishwashers, range ovens, bedding, and chairs led weekly best selling items nationwide as mas approaches.
MENTIONED IN THIS ARTICLE
Mas
Dan&Bradstreet
Clemson Wins 1959 Science Institute Grant for Teachers
The National Science Foundation grants Clemson College 50600 dollars for a six week summer institute for 50 high school science and mathematics teachers. Each participant receives 450 dollars stipend plus travel and dependency allowances. Dr Frank B Schirmer Jr will direct with four nationally known scientists as lecturers.
MENTIONED IN THIS ARTICLE
Clemson, S.C
The
National Science Foundation
Clemson College
Schirmer
Frank B. Schirmer Jr
Clemson
Pak-A-Fur plant fire wipes out inventories
A blaze at the Pak-A-Fur plant in Floyds Knobs Indiana destroyed the facility and burned the entire inventory of artificial fireplace logs. Firefighters fought the flames, with no immediate word on damages or injuries.
MENTIONED IN THIS ARTICLE
Ind
Pak-A-Fur
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National Advertising Executives Assn
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