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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 16, 1945
Page
2
A CIO argues exemptions totaling 00 and a $500 unused credit could cut taxes for the current or next year while McAvoy says House changes to excess profits tax would yield a $1.797 billion reduction for 900 corporations and that proposed horizontal cuts in the income tax mainly help large firms with credits unused in a tax year.
Senate debates continuing with Senator Wheeler of Montana clashing with President Truman over broad agency streamlining powers while the judiciary committee weighs recommendations after the House approved its version. Senator Kilgore notes Truman supports a single administrator for a proposed national science foundation to coordinate peacetime lab work.
The note highlights Bank of China operations in central China with Shanghai, and details Japan facing three costly headaches: reparations yet to be fixed but large, indemnities for war damaged munitions exceeding 100 billion yen, and state support for semi official overseas firms including the Central Reserve Bank of China which issued militarist currency.
A compact note states the combined New York City five borough telephone directories total about 100 pages.
Liberty plans a singing convention at the high school auditorium on Sunday October 28 at 1 PM. Since 1942 the war paused events, and organizers expect the largest gathering yet with acts including the Lone Star Quartette Terr ill Brothers Holt quartette and Piedmont Male quartette. Public invited.
The piece weighs global power shifts after a Japanese defeat. It argues the Soviet Union and Russia could fill Asia's leadership vacuum as Japan loses strength. It notes China faces a monumental task to rebuild after war and expand industry while contemplating future regional power dynamics.
Frances Perkins at 63 begins a new life after resigning as secretary of labor. She sails to Paris for the ILO meeting and starts a weekly 500 word column on unity and reconversion, to be distributed by the Institute for American Democracy. She will lecture at Radcliffe and other universities while maintaining a Washington home with husband Paul C. Wilson.
Fair and warmer today then a cool night with light frost. Wednesday appears fair and slightly warmer. Extended forecast shows rather cool Tuesday night then gradual warming through Saturday reaching normal Friday with no precipitation indicated.
A 1938 Cadillac sedan stolen in Greensboro was found by State Highway Patrol Corporal John Crowell on the highway shoulder between Thomasville and High Point on Monday afternoon. The car had been used to haul stolen sugar, was out of gasoline, and the ignition switch had been damaged as thieves tried to start it.
North Carolina farmers use hybrid seed and extra fertilizer to raise corn production. Extra bushels are grown at a cost of about 30 to 50 cents per acre.
The rate of exhaled carbon dioxide by an adult changes with state of rest, being lowest in sleep, higher in waking rest, and much higher during strenuous exercise.
Stocks paused after eight straight sessions of new highs with a modest pullback in early trading. Leading losses appeared in U S Steel Montgomery Ward United Aircraft Electric Power & Light Great Northern Baltimore & Ohio Sears Roebuck Du Pont Kennecott Allied Chemical General Electric Johns Manville and Eastman Kodak while Trans-America Chesapeake & Ohio Goodrich Douglas Aircraft and U S Rubber preferred held up near peaks.
In New York the cotton textile markets show uncertainty as ceiling increases for restricted sales loom. Scattered print cloths and some sheetings are released for quick delivery while a higher ceiling for duck cloths and finished goods is anticipated. Wool goods stay tight from limited mill offerings and delayed fall lines. Demand rises for low cost apparel program allocations while rayon remains quiet.
Potatoes arrivals total 113 and shipments 313 as USDA notes new stocks and moderate supplies. Demand is slow with slightly weaker ceilings for several varieties including Idaho russet Burbanks at 3.00 to 3.35, Washington russets at 3.30 to 3.40, Colorado reds at 2.90, Minnesota and North Dakota bliss at 2.40 to 2.50 washed, 1.85 to 1.90 unwashed, Wisconsin Chippewas at 2.10, and round whites 1.75 to 1.80 for fair quality.
New York Cotton futures opened several cents per bale lower to higher across contracts. Oct futures edge down while nearby months trade near 23.20 to 23.29. Noon prices rise 10 cents to 15 cents from morning levels. Deserted oil wells in Shensi Province report four to five barrels daily, hand pumped.
Livestock market summary from Chicago shows salable cattle about 7 000 with 7 300 total, calves 1 000, hogs 5 500 to 11 000 total, steady demand. Feeds include fed steers and yearlings topping near 18.00, most choice 17.50 to 18.00, cows 9.25 to 13.50, vealers 5.00 down, stockers and feeders strong with medium grade stock steers around 12.25.
Chicago grain prices list futures spot values for wheat corn oats soybeans and barley with grade distinctions and bid asks. Prices shown include No 4 mixed wheat No 3 yellow corn No 1 mixed oats and No 1 yellow soybeans among others with ranges for field seed timothy red.
Nazi guards face trial with Josef Kramer, accused of brutal acts at Oswiecim and Belsen. A Briton, describing the charges as exaggerated, claims internees suffered from disease while Grese denies mistreatment. Helena Grese’s sister testified as the 21 year old SS supervisor is set to face two days of questioning.
Justo and Antonio Vaquer, head of the Argentine center of engineers, were discussed for finance and public works posts. Chief Justice Roberto Repetto, slated to become president if Farrell resigns, said cabinet personnel talks would run for three or four days.
The note lists forage prices with top prices 11.00 to 11.50 for unspecified item, red clover at 31.50, alsike at 28.50, and alfalfa common at 33.50 to 36.50.
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