Stock market trends and tax plans analyzed
The article surveys week long price trends and potential tax changes. It notes a likely corporate tax rise to 45 percent with possible 50 percent exposure, and an expected excess profits tax base around wartime levels. It highlights steel as a scarce priority, with automotive and appliance sectors likely to be hit first, while urging caution and awaiting clearer policy signals.
MENTIONED IN THIS ARTICLE
Congress
Rep
Din DY
Eberhharter
Treasury Department
Standard & Poor's
Washington
Sen
Douglas
D.tl
Senate Finance Committee
Sen. George
Sen. Douglas
Korea
Markets See Strong Buying for Rail Stocks by Labor Day
Analysis by Paine, Wender, Jackson & Curtis notes rail shares in strong buying position at 52.57 with objective 63-65 by Labor Day. It cites World War I memory, stresses of a wartime economy, and new market selectivity amid civilian cutbacks and potential tax shifts.
MENTIONED IN THIS ARTICLE
D.J
B. Lurie
New York
Tise Fresh
Reading
Chicago Livestock and Grain Markets Report
Chicago livestock prices show mixed movement with steady to higher steadiness in cattle and hogs while grain futures slide on weak demand. New York wholesale index hits yearly high as soybeans and corn extend losses amid reports of substantial exports and market chatter from Manchuria and Britain.
Installation Tonight for Harbor Voiture 1262 Officers
Harbor Voiture 1262 and 40 et 8 Ameri can Legion group will install officers tonight at 3 in Samuel Thomas Post 326 clubhouse at 57th St and Dairy Ave. Harry Harlam will be chef de gare. Others include William P. Van Nostrand chef de train James Butler commissioner intendant John Grandfield conducteur Cap Deriland garde de la porte Floyd Shephard aumonier Rufus Curtis historian Ohid Godard Voyageur Don derflinger correspondent Herb Asrson Sous correspondent Ted Jowen avocat Dr Noel Shaw laugh medicine Lynn Lyman ampiste Leonard C. Cross sous lampiste Clyde S. Couts drapien Marion Davis sous drapien Fred C. Woods garde de prisonnier Allen Johnson publiciste Herb F. Brown sous conducteur. Installing team: Jim Taylor Mark Lowe national officers Fred Hill Tony Gerhard. Entertainment by Barbara Gracely. Dinner at 6:30 precedes installation.
MENTIONED IN THIS ARTICLE
American Legion Entertainment Group
Samuel Thomas Post
57Th St
Dairy Ave
Harry
Harlam
Eth
Chef
William P. van Nostrand
James Butler
Commissar
John Grandfield
Cap” Deriland
Garde de la Porte
Floyd Shephard
Aumonier
Rufus Curtis
Historien
Ohid Godard
Voyageur
Donderflinger
Herb Asrson
Ted Jowen
Avocat
Noel_ Shaw
Laugh
Lynn Lyman
Leonard C. Cross
Lampiste
Clyde S. Couts
Marion Davis
Fred C. Woods
Garde de Prisonnier
Allen Johnson
Weirton Steel Co Held in Contempt
In Philadelphia the U S Circuit Court of Appeals found Weirton Steel Co National Steel Corp and seven top officials plus five union officers in contempt for defying a 1943 decree to dissolve an independent company sponsored union and uphold workers right to choose unions. The ruling reinstates 18 dismissed workers and covers wages lost during their 1944 strike.
MENTIONED IN THIS ARTICLE
Philadelphia
Jay
Weirton Steel Co
Cpurt
U. S. Circuit Court of Appeals
Weirton
National Steel Corp
W. Va
Steubenville
Ohio
Sugar Free Rumor of Shortage Blasted
Jersey City July 23 Mayo's Poultry Market announced it would give away a pound of sugar with every food purchase to prove there's no shortage. The promotion aims to reassure customers amid circulating rumors.
MENTIONED IN THIS ARTICLE
Jersey City
N. Jy
Up Mayo
Inflation and profits rise amid wartime economy shift
New York July 23 Inflation gains amid war demand as earnings roar. General Motors reports the largest quarterly earnings in history while United States Steel posts a near record. Employment climbs and consumer spending rises, with limited signs of price controls despite Baruch plan debates.
MENTIONED IN THIS ARTICLE
York
General Motors Corp
United States Steel Comp
Washington
Truman
Sen. Ives
R-N. Y
New York Stock Exchange
Army Revives Realistic Combat Training Amid War Fears
Washington July 29 The Army announced intensified training to toughen troops for battlefield conditions. Courses include firing mortars and machine guns under barbed wire with safety oversight. Gen. Mark Clark says the program strengthens nonbattle-tested soldiers psychologically. Training covers city fighting close combat bayonet use and guerrilla infiltration tactics learned from North Korean conflicts.
MENTIONED IN THIS ARTICLE
Mark W. Clark
Army Field Forces
Warning Sent Out in Effort to Alert Ohio Sheriff Potts
Marysville California July 29 Authorities warn Ohio Sheriff Arnold D Potts that a prisoner named Waldo Stanton 21 ex convict is dangerous and may be armed with a hacksaw blade An interstate alert was issued to intercept Potts and Stanton as police report a knife club improvised from broom handle and wire found in the cell Stanton had with him during departure Potts and Stanton were returning to Ohio by auto with unknown route.
MENTIONED IN THIS ARTICLE
Marysville
Calif
Ohio
Arnold D. [Potts
Putman County
Waldo Stanton
Lea ColStein
Stanton
Potts
Crippled Woman Dies After Leap From Eleven Floors
In Los Angeles on July 29 a 53 year old crippled woman, Mary Owen, left her cane by a window and leaped from the 11th floor of a downtown office building. She landed on a ledge six stories below and died en route to the hospital.
MENTIONED IN THIS ARTICLE
Los Angeles
Mary Owen
Markets at a Glance in Chicago Grain and Livestock
Markets at a Glance reports Wheat under mild hedging pressure and general stowing weather. Grains and cattle show nominal steadying trends with slight firmness in corn and oats amid market activity.
Ship Firms Divert Vessels in Orient
Hong Kong dispatch notes seven ships diverted from the Yangtze route after the Philippine steamer San Antonio sank by a mine. Butterfield & Swire’s Hupeh turned back after three days at sea and reached Hong Kong. Other vessels were diverted to Tientsin and Tsingtao.
MENTIONED IN THIS ARTICLE
Hong Kong
Tonio
Yangtze
Shanghai
San An River En
San Antonio
Butterfield & Swire
Hong
Tientsin
Tsingtac
Ex-Jockey Executed in Arizona Gas Chamber
FLORENCE Ariz July 29 PR Angel Rocky Senna once a jockey from Solomon Ariz died in the lethal gas chamber at the Arizona State Prison before dawn. The 27 year old condemned slayer was put to death for the murder of elderly Mrs Katherine M Gohn in her desert cabin near Apache Junction Dec 29 1947.
MENTIONED IN THIS ARTICLE
Florence
Ariz
PR Angel
Rocky) Senna
Solomon
Arizona State Prison
Katherine M. Gohn
Desert
Apache Junction
Local Assembly Race Narrows to Fletcher vs Klockstein
In the only district contest to survive the primary, incumbent Assemblyman Carl Fletcher faces City Councilman Herbert R. Klockstein in the 71st District. Fletcher proposes a Veterans Home and Farm Purchase Act amendment to aid WWII widows, with a June primary showing Fletcher trailing Klockstein in Republican and Democrats' tallies.
MENTIONED IN THIS ARTICLE
Carl Fletcher
Katharine Berton
Fletcher
Herbert R. Klockstein
Harley V. Porter
William S
Grant
Porter
Klockstein
Heartwell Bldg
Klacksiem
Capt
Robert F. Rife
Rife
QO. T. Satre
E. Fourth St
Sacramento
Katherine Berton
Adriatic Ave
Fletcher and
Kiockstom
Klock+stem
Klocksiem
Correspondents urged to temper sad war reports abroad
Tokyo July 29 Gen MacArthur public information officer called on war correspondents to curb grim Korea dispatches. Col Echols cited Paris and Rome embassies warning that such accounts hurt the American image and morale. He urged reporters to consider if stories inform the enemy or damage the nation, while denying censorship.
MENTIONED IN THIS ARTICLE
Tokyo
MacArthur
United States
M. P. Echols
U. S
Paris
Rome
Korea
Echols
Dam- Paine
Menzies Pledges Aid of Australia to Korea
Prime Minister R G Menzies pledged Australia will aid in the Korean conflict. He said democracies must act promptly and discussed plans for national compulsory military training. Menzies met with President Truman and Secretary Acheson during his visit. Australian ships and planes are already active in combat.
MENTIONED IN THIS ARTICLE
Washington
R. G. Menzies
Australia
Truman
Acheson
Irish Ex Brigadier Urges Irish Brigade for Korea
An Irish ex brigadier proposes forming an Irish brigade to fight in Korea. German B Da sent a letter to the Irish Independent claiming Korea is a crusade and Ireland, via Russian machinations, sits outside the United Nations and cannot be called upon for aid.
MENTIONED IN THIS ARTICLE
Korea
Kg.rman B da
Dublin
Irish Independent
Ireland
United Nations
Draft Exam Schedules Stepped Up in Southern California
LOS ANGELES July 29 CRI Southern California Selective Service officials expanded the preinduction physical exam schedule for August to meet a 3000-man Army induction quota by October. About 4500 men from eight counties, mostly in Los Angeles, will undergo tests Aug 7 to 29, with Los Angeles County supplying roughly two thirds. The draft targets men 19 to 25, with single nonveterans near their age birthday called first. some boards may draw 21-year-olds to meet the quota.
MENTIONED IN THIS ARTICLE
Los Angeles
CRI
Southern California
California
Los Angeles County
President Urges Rapid Build-up of Synthetic Rubber
President Truman called for a swift expansion of synthetic rubber output and strategic stockpiles. He asked for 18 million dollars to recondition merchant ships, and targeted 675000 tons per year by January 1, raising from 408000. He sought 600 million more for stockpiling and 6 million to reopen aluminum facilities, bringing total critical-material funding since WWI to 2.635 billion.
MENTIONED IN THIS ARTICLE
Washington
Truman
Nation Defense Reserve Fleet
Trumen
White House
Presiden
Congress
East Indies
John L. Collyer
B. F. Goodrich Co
Reconstruction Finance Corporation
Polio Outbreak Expands Across Virginia Town Sees More Cases
Wytheville and Wythe County report 65 infections in town of 5500 since July 1 with 12 deaths as southwest Virginia towns face the worst national polio outbreak. Four counties remain clear. state urges voluntary precautions to limit spread. local baseball team ends season due to epidemic.
MENTIONED IN THIS ARTICLE
Wytheville
Virginia
Roanoke
Floyd
Patrick
Carrall
Russell
Wise County
Washington County
Wythe County
State Health Department
Cass D Blue Ridge League
Crusading Dry Sheriff Slain in Pikeville Morning Shooting
PIKEVILLE Ky July 29 Investigators lacked clues to identify the killer of Sheriff Roy Conway who led a dry crusade against moonshiners gambling and bootleggers. Conway was shot to death outside his home after an anonymous call lured him outside neighbors heard a fleeing gunman did not see him. He had taken office in January amid a relentless anti moonshine and bootlegging campaign.
MENTIONED IN THIS ARTICLE
Pikeville
Roy Conway
Pike County
Conway
Tom Haney
Executive Dies in Cleveland at 82
Henry F. Pope a board chairman of the National Metal and Steel Castings Co until his retirement in 1945 died last night at age 82. He had served as a director in several other companies and as a trustee of Western Reserve University.
MENTIONED IN THIS ARTICLE
Cleveland
Henry F. Pope
National Melleabie and Steel Castings Co
Ted
Western Reserva University
Bevin Criticized Over Private Medical Care In Health Debate
July 29 dispatch notes Bevin derided for seeking private hospital care while Britain promotes socialized medicine. Editorials in Medicine Today and Tomorrow condemn the choice, citing Bevin’s April hemorrhoid operation at Manor House Hospital and June procedure at the London Clinic, both private. The piece highlights the contrast with free Health Service treatment and mentions Bevin’s union links to Manor House. Neither Bevin nor aides commented.
MENTIONED IN THIS ARTICLE
Tennon
Britwin
Bevin
National Health Service
Socialist Medical Association
Medicine Today
Tomorrow
Manor House
London
Health Service
Britain
Journal
Ital
Transport and General Workers Union
Also Mentioned on This Page
Dow-Jones Industrials
EA Wes Company
SOF
H. DE LA Chapelle Paine
Wender, Jackson & Curtis
Chicago
A. P. Wholesale Index
Suy
Prand
Associated Press
Plavnica
Hainan
Weiantay
Hood
Ieee
Rae Spa
Bt & Fund
Grede A, Beie Grice B, 6264. i zGas Nase "Vera Gales Between Siusare
Agin
Etaliere
Ccardux
Eattete
Pracre
Saenz
Ion Fox
Feeder
Maine
Caoral Pn
Bex
FLO L
Mighty
Ncarce
Eirclex
Manckune
Harry Harlam
Rhy Richard Fiske
Orient
UN B85
Co.uly
B.p.kobs Alavam
Norfolk
Yancogver
Aston Sulphi Ar CO
Portlan Avor Sulphur Mines
Associstea
Solann
Tkt
Manila Nawport News
Nctorian
UE. A
Estian c
B. Cyeeee
LBZ
Tkr
EBS Riehmei
Jathon Nav
Corp
Hawaiian Biorchant
Honolulu
Qwens Parka Indefinite Lumber
Canada
U.K
Paoneal Fc
Staulden- Fast Asiatic Aus
Lan Paulit
Malacca
York Fs
Panl Greece
Ter
San Diego
Acctmus Bia
Ayonm Rikers
San Fran
Lise Joly St .Gustamals
Portland
W. FL
Wicksrabam
Mardlors Tirondarogh
Sgtiye
Astatoplas
Fond
Antwerp
San
New
Prancisville
Eee
Bea Gaines
Tait, Ry
Ooh
Va Ik Harding
Ha Iekr
Inice
Genghis Khan II
Pease
Menzies
Wents
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