Tax Reform Bill 1969 Effects on Middle Income Payors
Sylvia Porter outlines delay and uncertainty in tax relief from the House Tax Reform Bill of 1969. She notes no 1969 rate cuts, a 10 percent surcharge extended to year end, and later years offering targeted benefits while broad cuts arrive only after 1970 to 1972. Details include brackets for singles, married filing jointly, and heads of household, plus moving expense liberalization and expanded income averaging.
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Grain Market and Stock Close Aided by Mixed Trading
Grain futures eased on speculative selling with September options under pressure before late buying spurred by near-term demand signals. Wheat prices rallied then pulled back as traders awaited government price policy, while soybeans and corn moved within narrow ranges amid thin news and steady Gulf port basis.
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Stocks Fall In Light Trading Amid Inflation Pressure
UPI reports a weak trading session as stocks slipped after gains last week. Dow down 5.81 to 831.44 with volume at 8.41 million. declines in steels, motors, chemicals, oils, consolidates, electronics and airlines. Bethlehem led losses followed by U S Steel. Brunswick also fell.
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Market Dip On Moderate Volume Steps Back
Stocks eased on 128,500 shares of a listed issue and broad trade in 3,257,160 shares. The AMEX index fell 16 cents to 26.73 as 556 of 1,024 issues traded declined.
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