Tax ruling highlights depreciation for space in abandoned dump
Commerce Clearing House notes that air space above filled mine pits purchased for refuse disposal may qualify for federal depreciation. The article covers Tax Court dissents, stock market intraday moves, and the broader context of depreciation and related business deductions amid market activity.
MENTIONED IN THIS ARTICLE
Commerce Clearing House
National Reporting Authority
NEW York
UPI
Jones
Standard & Poor
CCH
Diamond Sales Rise in Yale and Abroad
Kay Jewelry Stores President C. D. Kaufman says U S and overseas diamond demand grows during currency weakness and inflation fears. He notes strong sales in Italy and resilient markets in India Brazil and Argentina despite economic uncertainty.
MENTIONED IN THIS ARTICLE
Yale
Kaufman
Kay Jewelry Stores, Inc
Italy
Rome
India
Brazil
Argentina
Fremer Nehru
Treasury Statement Highlights Fiscal Year Deposits and Withdrawals
Treasury data show withdrawals totaling about 950.28 billion and deposits around 26.0 billion for the front fiscal year through December compared to the prior year. Public debt stands near 318.85 billion with gold holdings at 19.31 billion. cash balances total 4564.77 million. Revenue receipts for December are about 136.02 million.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Wethdrawals
Allis-Chalmers Wins Near Million Dollar Bureau Orders
Allis-Chalmers Manufacturing Co said it has secured nearly 1 million dollars in orders from the US Bureau of Reclamation. The contracts cover electrical equipment including switching and substation gear for the Missouri River basin project.
MENTIONED IN THIS ARTICLE
Milwaukee
UPI
Allis- Chalmers Manufacturing Co
US Bureau of Reclamation
Missouri River Basin
Western Air Expands Boeing 720B Fleet to 18 Jets
Western Air Lines announced the purchase of one additional Boeing 720B jet for July 1965 delivery, lifting its four engine fleet to 18 aircraft at an investment near 106 million dollars. The 720Bs serve routes along the Pacific Coast and between Los Angeles and Mexico City, with service to Phoenix and other western hubs.
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Western Air Lines
Western
Pacific Coast
Los Angles
Mexico City
Phoenix
Las Vegas
Salt Lake Cay
Denver
Mooneapolis
St. Paul
American Tobacco To Build Research Station Near Richmond Va
American Tobacco Co plans a new research station on 21 percent acre site at Bermuda Hundred along the James River near Richmond Virginia. The facility will research both tobacco and non tobacco products with President Robert B Walker noting the project cost ranges from 5 million to 6 million dollars.
MENTIONED IN THIS ARTICLE
New York
American Tobacco Co
Bermuda Hundred
James River
Richmond
Robert B. Walker
Soybeans Lead Mixed Grain Trade at Chicago Board
Futures mixed as soybeans rose modestly while corn and oats eased and rye held steady. Local traders fueled notable soybean activity amid short covering and a broader liquidating mood in soy products. December corn and cash markets showed limited movement. USDA price support cuts for 1945 weighed on wheat and sorghums as buying centered on cash demand.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
USDA
CAB Approves Charge Cards in Major Airlines
The Civil Aeronautics Board approved the use of Diners' cards with seven airlines effective today, adding United, Delta, Air France, Northwest, Sabena, Allegheny, and Pacific Southwest to those already honoring the card, including TWA, Continental, Western and Bonanza. The airline industry is expected to become the largest sector in credit card gross billings.
MENTIONED IN THIS ARTICLE
The
Civil Aeronautics Board
Airlines
Alread
United
Delta
Air France
Northwest Onent
Sabena
Allegheny
Pacific Southwest Air Lines
TWA
Continental
Western
Bonanza Air Lines
What the Stock Market Did
United Press International reports Tuesday trading results with New York Stock Exchange activity, bond prices, and market totals. Declines and advances appear alongside notable shifts in stocks, showing a mixed day for investors.
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Ea Agrones
New York
API
New York Stock Exchange
Benguet
Tektronix
I Chrysier Sperry Rand
Dun & Brad Streets
United Press International
Metal Prices New York Copper and Tungsten Report
New York price notes show copper and tungsten trading with various figures. Copper refined at a New York refinery and tungsten powder priced around 2.7 dollars per pound in Western markets. other listings include 14 1/2 cents to 15 0 cents in regional quotes.
MENTIONED IN THIS ARTICLE
New York
UPI
Isec
Lowe Sie
Db Menoonese
Prompet Delivery
Prime Western
St. Loum
Industrial output falls in October due to GM shutdown
Washington reports October industrial output declined 1.7 percent as General Motors plants were shut, a move that kept overall production from rising for the month while consumer, capital, and materials output increased in other sectors.
MENTIONED IN THIS ARTICLE
Washington
Waton
General Motors
Federal Reserve Board
Boad
Price Unchanged for Armstrong Cortiva Flooring Materials
Armstrong said prices will remain unchanged as it defends against impeachment pressure from lawmakers. The firm rejects calls to raise costs on resilient flooring materials amid political tensions.
MENTIONED IN THIS ARTICLE
New York
Armstrong Cortiv
Erials Armstrong
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Paris
Fredep
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Music Composed
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Denis Ducer
Los Angeles
LAS Vegas Sun
Highland Ave
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APT
Ia Wee Dealers, Inc
Inv
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Ady Fa
Ase Inten
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Gentire
ReyTeb
Wane
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Masta
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Sharon
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Mort
Simmons
Smith
Ahaasa
Se Servel Inc
Asmit
RR Chase Fa Ao
Howe
Cw C&d
Thee Balon
Amoex Co
Mae
Stdohnj cI
Atlas Corp
Panim
AvcoCorp
Stanwr
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Itecib
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Jobr Man
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aPa
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EGAG
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ORK
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Aus
St Rolls Tee Benee
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Camstock Tvuaaa
Les Te Ay
Lowin
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