Auditors confront tax maze in todays business climate
New York reports auditors struggle with a rising tax rate as Congress hovers between hard lines and concessions. The article notes tax planning now drives decisions on wages, pensions, inventories, capital, and expansions, with firms forming tax departments to preview tax effects on deals.
Rails Ask New Freight Rate Rise
Washington reports railroads petitioned the Interstate Commerce Commission for about a 7 percent freight rate increase to offset rising costs. They noted a previously applied 15 percent request and argued August’s 6 to 7 percent rise was inadequate. The railroads’ estimate of $650 million extra annually assumes higher intrastate freight volumes.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
ICC
Association of American Railroads
Canning of Tomatoes Sets Tonnage Mark
Sacrament officials report California canning tomato crop has broken tonnage records with weeks remaining. The California State Fruit, Inspection Service said by Oct 12, 41,639,992 tons had been inspected and passed, surpassing the 1947 record of 1,378,000 tons.
MENTIONED IN THIS ARTICLE
Sacramento
CEI
California
Hancock Oil Declares 50c Regular and 25c Extra Dividend
Hancock Oil Co of California will pay a 50 cent regular dividend and a 25 cent extra dividend per share on December 1. Stockholders of record as of November 15 will receive the disbursement. The company, headquartered in Long Beach, is described as a leading independent petroleum concern in the western United States.
MENTIONED IN THIS ARTICLE
Hancock Oil Co
California
Hancock Oil
Long Beach
Foreign exchange rates in New York open and futures quoted
Foreign exchange rates from New York show Great Britain pound and U S dollar values with discounts and futures, plus listed rates for Belgium France Italy Netherlands Switzerland Argentina Hong Kong and other markets. Readable figures include dollar discounts, futures percentages, and cross rates across multiple currencies.
MENTIONED IN THIS ARTICLE
New York
U. S
Great Britain
Britain
Belgium
France
Euler
Italy
Kroni
W.rs
Switzerland
Merica
Argentina
el Brat Hi
Maxton
Venezuela
Holivar
Far East
Hong Kong
Promotions Boost Retail Business
Dun & Bradstreet reports a weekly rise in retail activity with overall volume 2 percent below to 2 percent above a year ago. Hardware and furniture demand increased while home appliance interest dipped slightly. Sports gear kitchenware lamps jewelry car coverings and incidental furniture sold well. Television sets sold better than last week but remained well below year ago levels with dealers overstocked on 1951 models.
MENTIONED IN THIS ARTICLE
New York
Dun & Bradstreet
Gas From Texas Due Under New Contract
Milford Springer, former city attorney, told the Los Angeles Bar Association that Southern California will import most of its natural gas from Texas under a 40 year contract with El Paso Gas Co. A daily average of 105,000,000 cubic feet is already flowing, enough to power about 6,000,000 people from Fresno to Mexico, via a $100,000,000 pipeline.
MENTIONED IN THIS ARTICLE
Los Angeles
California
Texas
Southern Counties Gas Co
Los Angeles Bar Association
Milford Springer
el Paso Gas Co
Fresno
Calif
Mexico
GE President Attacks Two Federal Policies
GE President cites a 24 percent drop in net profits and argues two federal policies hinder corporate management. He condemns retroactive tax increases by Congress and the executive branch’s delays in providing price relief under the Capehart amendment of the Defense Production Act.
MENTIONED IN THIS ARTICLE
Schnectady
General pElectric Co
Congress
Ypment
Woman in White Trail Grows Cold in Baby's Disappearance
Michigan City report says pursuit of a woman in white faded as police traced two false sightings. A Beatty Mental Hospital former employee and her husband, an Indian factory worker, had been missing. A letter postmarked Saturday from Sioux City suggested further leads, while a Chicago detainment claim was ruled out. The infant Lawrence James Lyons, born Oct. 9, vanished from St. Anthony Hospital's fourth floor nursery.
MENTIONED IN THIS ARTICLE
Michigan City
Ind
T Syoman
Beatty Mental Hospital
Westville
Beatty Hospital
Sioux City
Iowa
Chicago
Hammond
Indianapolis
LawrenceJames Lyons
St. Anthony Hospital
John Boehlein
Cutters Put Line on Grounded Ship Off Cape Henry
Coast Guard cutters fired a hawser to the Greek coal ship Theaianos Livanos, grounded 50 yards off Cape Henry, as a 33 man crew fought pounding surf to pull the vessel free. High winds and seas, plus no Virginia pilot aboard, caused the incident. no injuries reported and hopes to refloat the collier by Newport News under its own power.
MENTIONED IN THIS ARTICLE
Norfolk
Coast Guard
Theaianos Livanos
Cape Henry
Newport News
Virginia
Bonaventure Grounding Near Vancouver Island Spotted
The Panamanian freighter Bonaventure grounded off Vancouver Island early today but floated free and proceeded under its own power. A Coast Guard District spokesman said the vessel was taking on water in hold No 1 with no immediate danger. Coast Guard planes and ships stood by, not to be sent out unless needed. Crew size and destination were not immediately known. Lloyds Register lists the Bonaventure at 6895 tons.
MENTIONED IN THIS ARTICLE
Seattle
Bonaventure
Vancouver Island
Iis
13Th Coast Guard District
Coast Guard
Lloyds Register
Southland Produce Price Falls Stopped in Septem ber
Los Angeles sees a six month drop in Southern California farm prices reversed in September. The Los Angeles Chamber of Commerce reports average farmer returns rose as grapefruit and lemons rallied. Moderate gains were noted in jams, milk, turkeys, and eggs, with steady beef and poultry values. Dried bean, cotton, and wool prices remained downward.
MENTIONED IN THIS ARTICLE
Los Angeles
California
Treasury Report Summary From Washington Dated 1958
Treasury data shows receipts and expenditures for fiscal year, with cash balance and budget figures. The report cites customs receipts, budget estimates, and debt segment values, noting year over year changes and market context for citrus and commodities.
MENTIONED IN THIS ARTICLE
Treasury Report
Washington
Treasury
First B 36 Belly Landing a Success at Kirtland
ALBUQUERQUE Oct 19 They tried a belly landing of the B 36 bomber after landing gear jammed Nine crewmen parachuted while three rode the $3 5 million ship to a grinding stop on a Kirtland Air Force Base runway The aircraft based at Carswell AFB Fort Worth Texas was on temporary assignment here Captain Cape L W Brockwell described as the plane commander brought it back from an operational flight and ordered bailouts as fuel ran low Brockwell and crew made a deliberate belly landing into a 30 mile per hour wind observers called it a beautiful landing and Brockwell termed it exceptionally smooth with new props and some sheet metal work needed before the ship is airworthy again
MENTIONED IN THIS ARTICLE
Albuquerque
Kirtland Air Force Base
Carswell Air Force Base
Fort Worth
Texas
Cape
L. W. Brockwell
Fianajan
Til
Kirtland
Brockwell
L. Beckman
Ls Stokum
Boost in 5-Cent Fare Asked PUC
Long Beach officials petitioned the State Public Utilities Commission subcommittee to eliminate the five cent downtown fare. The request matches a recent city lines proposal to raise the zone fare to 10 cents on October 26, with added revenue cited to cover rising costs. The hearing, led by Clinton S. Abernathy, considered zones Bellflower-Lakewood to Cherry Ave and Tth St Bellflower.
MENTIONED IN THIS ARTICLE
Public Utilities
Long Beach Motor Bus Co
Long Beach City Lines
Clinton S. Abernathy
Utilities Commission
Bellflower
Lakewood
Broadway-Santa Fe
Paramount
Orange
Cherry Ave
Tth
Orange Ave
Ocean Blvd
Pico Ave
Anaheim St
Sawyer Raps Budget Practices
In Columbus on October 19 VP Secretary of Commerce Sawyer criticized federal budget practices as promoting spending over saving and keeping incompetents on the payroll. He called for drastic revisions to cut nonessential services and warned that overuse of credit could damage the capitalistic system.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Sawyer
Ohio State University
Truman
Fragmentary Fire Department Dispatch Notes
A scrambled OCR fragment lists streets and responders including Signal Hall Fire Department and Dawnor Ave. It mentions alarms, ambulances, a Thursday time, and various street names suggesting a municipal fire or medical dispatch fragment with incomplete details.
MENTIONED IN THIS ARTICLE
Signal Hall Fire Department
Dawnor
Cotton Market Prices and Trading Tone in New York
Cotton futures extend easy trading in New York with early covering, amid demand from commissions houses for near term deliveries. Private Atlanta reports noted improved crop conditions while Memphis described sellers’ reluctance. December through May quotes show varied moves and a generally weaker close.
MENTIONED IN THIS ARTICLE
New York
Commission House
Atlanta
Ahin- Dera
Fieagiet
Memphis
Tate
Marsh
Mares
Migdling
Naratazi
Markets at a Glance New York Stock and Bond Summary
Markets at a Glance reports mixed stocks and bonds with a cautious tone amid uneven price moves. Wheat and corn lead declines while staples show firm prices. currency notes include a yen reading and a stock average around 299.35 with a 100-base? level referenced.
MENTIONED IN THIS ARTICLE
New York
Swinea
Union Feud Threatens Harbor Fallout Across Coast
ILWU regional director Bill Lawrence warned against AFL longshoremen raids on west coast work, noting no local AFL presence except Tacoma and threatening action if Isthmian Lines contracts are breached. In New York 3500 ILA workers refused orders, threatening to idle the port. Ryan aligned with rebel faction seeking new contracts, while ILWU and Bridges prepared responses on the Pacific coast.
MENTIONED IN THIS ARTICLE
Jmarine
Pacific
ILWU
Bill Lawrence
AFL
atTacoma
Wash
Lundeberg
Pacific Maritime Association
New York
AFL International Longshoremen's Association
Wildcat
Joseph P Ryan
Hns
Ryan
ILA
Manhattan
Brooklyn
Army-Navy
Korea
San Francisco
lWerry Bridges
Bay City
Hig Biter
APL
Old Love Flamed Again in 46 Year Reunion
An Iowa couple, divorced 46 years ago after vows in 1902, reunited in Murray Utah. Loran A. Clark and his former wife, now Mrs. Loran A. Clark, rebuilt their marriage after meeting again in Council Bluffs in 1949. They wed in Murray after planning a western vacation.
MENTIONED IN THIS ARTICLE
Murray
Utah
Iowa
Loran A. Clark
Council Bluffs
Clark
A. W. Cox
Glways
Mrs. Clark
Knoc
Golden Dome Sets Site of New Hill Drilling
Yews of the oil fields report Golden Dome Off Go will drill by Signal Unit No 9 near Lime Ave in the Wardlow Rad area of the Signal Hill field. The company found a fault zone linked to strong production at several wells. Shell Oil abandoned its test at Bardsdais Dryden No 2 after reaching 14 154 feet. A 9 5/8 inch string was set at 9945 feet. Drilling since last Dec 29, the well sought to.
MENTIONED IN THIS ARTICLE
Golden Dome
Lime Ave
Wardlow Rad
Signal Hill
Shell Oil
Bardsdais
Dryden No. 2
Santa Clara field and accompanying oil discoveries
The Santa Clara field is designated after Southern California Petroleum Corp found its Newhall Land and Farms No 4 well, about 1500 feet southeast of production. Tide Water Associated completes its V L and W No 31 at Ventura Ave with a 692 barrel, 33 degree oil well, depth 10,660 feet, gaslift. Texas Co reports 11 new wells on Rosenberg lease at San Aldo. Los Nietos Co spuds Hartman No 1 wildcat near San Fernandes reservoir. In Washington the Coast Guard marine board blames Captain Edward Carroll and boat owner for the Sept 1 Pelican sinking that killed 43. boat overloaded from 20 to 61 aboard.
MENTIONED IN THIS ARTICLE
Steel Eec
Tnt Harvest
In Chemical
Bruges
Stigston
Au Dravo Corpet
Bearnik Ald
Eto
Amer
Nat Steel & Ship
Newark
Servia
Cayvat & Feltay
New Eng G& ‘Au
Coast Line
Kewport Steel
Fireman's Fund
Norris J. & Nash
Newark Ste
Capitol
Norris Asm Sherwin
Wma
AL Ee Generoundera
Wise
Glens Falls
Chiksan Co
Pac Airmouve
Molyba
Globe
Cinecolar
Pat Am
Byron
Ckeon
Alma Accan
Cleve Chile Co
Flanover Fire AL
Coca Cola
Pao Mercury
Hartford Fire
Gonsi Rock
Pao Mutuant Iw
Col Pub Pac Pwr & Lt
Es Brary Cag cv Pf
Disney Wal
Packard Bell
Masa Bord
Toot Pere Cement
Mer & Fe Dusom
Fkah National Fire
Filtxol Co
Portsmoutin Steel
North River
Fluor
Ae Puget Sd Peli
Ae Pures Corp
Saqt Putterton
Bie
BS CA
Ger
Bankers Trust
Bao Manhattan
San Do
Bi Diego
Irving Trust Harnor
Sierra Fac
Pwr
Seattle
Matorssi
S&f
Stuart “Co
America
Tateratate Banke
Orm
Interttate Eng
Tejon
Tees
Jenn Gas & Tre
Aiby
Edison AB
Weber Facss
U. S. Coast and Geodetic Survey
Long Beach
Southern California
Gation— Bretlon
L. A
San Bernarding
Bit
Wien
Los Angeles
Catalingue
Needles
Gabriel Ayalon
Agipemvente
Newport
Pedro
Beaumonta
Oceans de
Salganta
Ana
Pamdale
Santa
Manlea
Burbank
Pasadena
Catalina
Robino
Riverside
Tarrance
Culvar City
Ugla
Rapid City
Helena
Houston
Indiana
Bakerati Blamarck
Jacksonville
Lake City
Bolte
Kaliapel
Bangananesses
Brownsville
Knoxville
Little Rock
T. Charlesto
Medford
Cheyenne
Cleveland
Cincinnat
Denver
Endleton
TADAY
Herth
Sally Associated
Cit Co
London
Belemor
Briancaaver
Apman & Sousel
Grenani Nor
San Fram
Utkenbach
New Orleans
Rackly Et Ibbings Victory
Yokohama
We Ocean i
San Francisco
Henvine
Paneengremr Ee
Fortland
Sett Nesters
Barbara Olson
Iri
Cere
Dona Aurora Serio
Iain New
Nichol Cary Anaena
Rede
San Prencisco
George
Francisco
Jerre Als
Cesta
Pan
Neaianiel
Southern California Petroleum Corp
Newhall Land and Farms No. 4
Santa Clara
Tide Water Associated
V.L
Ventura Ave
Texas Co
Rosenberg
San Aldo
Los Nietos Co
San Fernandes
Karl L. Kellogg and Sons
Con- Washington
Coast Guard Marine Board of Investigation
Carroll
Pelican
Oil well activity at Russell Ranch and Rosecrans fields
In Cuyama Russell Ranch field Hancork Oil is tuning casing at Wood-Callahan 140-25 to 2280 feet. Richfield sets eight and five eighths at 2740 feet at RRU 122-25 in the same field. Carlton Beel perforates Reed No 1 for production in the Rosecrans Field at 7145 feet.
MENTIONED IN THIS ARTICLE
Hancork Oil
Wood-Callahan
Russell Ranch
Cuyama
Richfield
RRU
Carlton Beel
Reed No. 1
Rosecrans
Realtors Parley Opposes Rent Control in California
The California Real Estate Association at its 47th annual convention in Los Angeles pledged to aid communities against unnecessary public housing expansion and urged Gov. Earl Warren to oppose federal claims to tide lands and water rights. James M. Udall was elected president, with Charles H. Brown reelected treasurer and Eugene P. Conser reelected secretary.
MENTIONED IN THIS ARTICLE
LOS Ancelfs
California Real Estate Association
Garden Grove-L B Bus Line Planned
West Orange Transit Co officials plan a Garden Grove to Long Beach bus line pending PUC approval. Paul Diefenbach, general manager, said a permit petition should reach the PUC by month end, aiming for service by Thanksgiving or year end. An extension from Long Beach to Los Alamitos and other areas is considered to expedite operation.
MENTIONED IN THIS ARTICLE
Garden Grove
Long Beach
Strate Public Utilities Commission
West Orange Transit Co
Paul W. Diefenbach
Diefenbach
PUC
Los Alamitos
Hawaiian Gardens
Cypress Stanton
Knott
Berry Farm
Chapman Ave
Santa Ana
Parents Plan Help for Boys' League
Signal Hill junior football players in the Long Beach League gain parental support. D L Barackman elected president. George R Ketcham secretary treasurer. Thomas Gregg membership chairman. John Welch financial chairman. Jerome Heald transportation chairman. Al Fry initiated the program. Dr Walter Boyd founder addressed parents stressing league aims to keep boys off the streets and noting minimal football injuries last year.
MENTIONED IN THIS ARTICLE
Signal Hill
Long Beach
D. L. Barackman
George R. Ketcham
Thomas Gregg
John Welch
Jerome Heald
al Fry
Walter Boyd
Coast Guard Hunts for Boot and Two Missing Persons
Coast Guard units search offshore near Lower California after a trap on L H Gurley premises yielded a dead albino gopher pure white creature. The report notes a pink-eyed six inch gopher, linked to local students and a fishing boat Vee, with officers pursuing leads 150 miles southwest.
MENTIONED IN THIS ARTICLE
Coast Guard
L. H. Gurley
67Th St
California
Steve
Bio
Ology
Long ‘Beach
San Diego
Local Briefs Sewing Meeting and Rummage Sales
Chapter 61 of American War Mathers will meet 10 to 3 Monday for sewing in Houghton Park Clubhouse. Evening round table discussion and a card party follow. Rummage sales set in Long Beach Grove 26 at 145 W Third St Tuesday and Lambida Chapter Theta Sigma Phi at 1154 Pine Ave tomorrow.
MENTIONED IN THIS ARTICLE
Houghton Park
Chibhouse
Long Beach Grove
Supreme Forest Woodmen Circle
Third St
Lambida
Theta Sigma Phi
Pine Ave
Hamady Bros marks 40th anniversary with 49 page ad
The Flint Journal and Hamady Bros celebrate forty years by featuring a 49 page advertising section in yesterday’s edition, totaling 9000 column inches. The full newspaper ran 112 pages, with ad plates weighing 244 tons.
MENTIONED IN THIS ARTICLE
Hlint
Mich
Flint Journal
Flint
Hamady Bros
Also Mentioned on This Page
Business Mirror
By Sam Dawson
Uncle Sam
Controllers Institute
Controllership Foundation, Inc
William J. Vatter
University of Chicago
School Ofusiness
Sam
Panama
Southland
Aus Angeles
Get
Ultimo
Colorado St
Ventura
Ohatgre
Aurton
Fiensiia Bed
NEA Courier
Saeed Balana de
Mascoma Road
Mattapont
San Peed
Shilfeorna Bet
Shipyd
Rayanota
Sac Pedro Besy
Pins Island
Pier Moore
Awasil Shingd
Toucan
LEE
New ‘Hill
By Emmet F.rigadan
Parley
L.B
Help For Boys’ League
Il. B
Scnoule