Senate approves Truman corporate tax rise for 1950
Washington Aug 10 The Senate finance committee unanimously approved President Truman’s plan to raise corporate taxes by 1.5 billion dollars annually, lifting the top rate from 38 to 45 percent as of July 1, 1950. The schedule lists 21 percent on the first 5 000, then 8 percent, 25 percent, 23 percent, 25 percent, 53 percent on higher brackets.
MENTIONED IN THIS ARTICLE
Senate Finance Committee
President Truman
Truman
Mr. Truman
America
Congress
Nesco Secures Army Order For Blitz Cans
Nesco Inc of Granite City Illinois announced an army order for 539000 blitz five gallon gasoline cans with production to begin late this month. The deal follows a prior order for 332000 cans bringing total government contracts to over 1700000 dollars. Output will reach 150000 cans monthly and about 100 additional workers will be hired this month.
MENTIONED IN THIS ARTICLE
Granite City
Ill
Nesco, Inc
William P. Howlett
Howlett
Nesco
National Enameling and Stamping Company
Shortage of Soda Ash Halts Bottle Output Across Eight Plants
Owens-Illinois Glass Co will suspend glass container production at eight plants for three days starting Saturday due to soda ash shortage. Affected sites include Alton Illinois Bridgeton New Jersey Streator Illinois and Waco Texas. Soda ash suppliers have many plants closed by strikes including Allied Chemical Solvay Detroit Syracuse Baton Rouge and Diamond Alkali in Painesville Ohio.
MENTIONED IN THIS ARTICLE
Owens-Illinois Glass Co
Owens-Illinois
Alton
Ill
Bridgeton
N. J
Streator
Waco
Texas
Syracuse
Detroit
Baton Rouge
Solvay Process Division
Allied Chemical & Dye Corp
Diamond Alkali
Painsville
Ohio
Velde Seeks Proclamation Barring Reds From War Areas
Rep Harold Velde of Illinois urged President Truman to bar Communists from war zones. As a member of the un American activities committee he warned of danger from within and called for screening about 50 000 known American Communists listed by the FBI as potentially dangerous.
MENTIONED IN THIS ARTICLE
Harold Velde
R-Ill
Truman
Pekin
House
Velde
House un-American Activities Committee
F.B.I
Best Models Actresses Too More Than Curves in Business
The head of a Hartford model agency says successful models now must be able to act to supplement incomes as straight modeling declines. TV and stage work can boost earnings to 400 500 dollars weekly, with fashion models staying thinner and often not fitting TV parts.
MENTIONED IN THIS ARTICLE
William Deering
Deering
Hartford
Polio Cases Rise Above 1000 in One Week
The Public Health Service reports 1 186 new poliomyelitis cases for the week ending Aug 5, up from 970 the prior week. The year’s total since March’s low point reaches 6 171, far below the 9 810 seen at the same point last year, with increases in most regions except New England and the Pacific coast.
MENTIONED IN THIS ARTICLE
Washington
Public Health Service Today
the Health Service
New England
Pacific Coast
Woman Jailed for Not Riding Wounded Youth
Chicago August 10 AP Mrs Philomena Motto 49 was sentenced to six months in jail after she failed to take an accidentally shot teenager to a hospital The 16 year old John Daly died from his wounds he shot himself while three 16 year olds examined a gun in Motto s apartment on July 25 She was charged with contributing to the delinquency of minors The judge told Motto You re the cause of a boy losing his life All you had to do was take him to a hospital.
MENTIONED IN THIS ARTICLE
Chicago
Philomena Motto
John Daly
Nuncio J. Bonelli
British Red China shore batteries threaten ships at Hong Kong harbor
Hong Kong Aug 10 AP reports say Red China forces have orders to fire on any foreign vessels within two miles of the Communist-held islands at the West entrance to Hong Kong harbor.
MENTIONED IN THIS ARTICLE
Hong Kong
Red China
William Smith Breaks Family Tradition with Norma Marriage
In Wonder Lake Ontario, William Smith IV wed Norma last week, ending three generations of William Smiths marrying a Mary. The Smiths hoped for William IV to continue the Mary line, but the new marriage to Norma ends the pattern.
MENTIONED IN THIS ARTICLE
William
Mary
William Smiths
William Smith
William Smith II
William IV
Norma
Armour Packers Union In Contract Stalemate
Contract talks between Armour & Co and the CIO United Packinghouse Workers have not resumed after a stalemate. The union contract covering 24 Armour plants expires tomorrow. No strike vote has been taken.
MENTIONED IN THIS ARTICLE
Armour & Co
C.I.O. United Packinghouse
Armour
Eleven Charged With Fur Smuggling in Spain
Spanish customs police arrested eight Spaniards and three foreigners on charges of smuggling fur valued at over 10 million dollars. Two foreigners were attached to the Finnish consulate at Barcelona. a third was unnamed. Furs were transported on four foreign ships, the last leaving nearly a month ago. About 2,000 tons of contraband skins were reported by sources in the Spanish fur syndicate.
MENTIONED IN THIS ARTICLE
Spain
Barcelona
Food Prices Fall Slightly In July Survey
Government data show a slight overall drop in retail food prices for the last half of July based on a 25 food sample in 13 cities as of July 31. 18 items rose but were offset by sharp declines in fresh vegetables and pork, with the index about two tenths lower than July 15.
MENTIONED IN THIS ARTICLE
Bureau of Labor Statistics
Ewan Clague
National Milk Code Opposed by Federation Leaders
A spokesman for the National Milk Producers federation opposes a uniform milk sanitation code for the nation. Charles W. Holman, secretary, testified to a Senate subcommittee, warning of increased federal intervention and potential monopolization if the code or Agricultural Marketing Agreement Act changes pass.
MENTIONED IN THIS ARTICLE
National Milk Producers Federation
Charles W. Holman
Federation
Senate Agricultural Subcommittee
Holman
United States
US Forecast Shows Corn Decline From Last Month
The Agriculture Department predicts this year’s corn crop at 3,167,607,000 bushels and wheat at 996,400,000 bushels. Corn is down 7,995,000 from last month while wheat is up 39,904,000. Last year’s corn was 3,377,790,000 and the 10 year average is 2,900,932,000. Corn will exceed the government goal of 2,727,000,000. Wheat will be below last year’s 1,146,463,000 and the 10 year average of 1,031,312,000.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Chinese Reds Slip into Indochina
Pro Nationalist papers reported that about 20 000 Chinese Communist troops have crossed into Indochina to join forces with Moscow trained Ho Chi Minh against the French backed Vietnamese government.
MENTIONED IN THIS ARTICLE
Taipei
Formosa
Indochina
Moscow
Ho Chi Minh
Vietnam
Police Lesson Costs Hit Student During Ride Along
James Ford of Minneapolis, while studying police department operations for a University of Minnesota journalism course, spent two hours at headquarters and paid 8.55 dollars for parking and tow charges to retrieve his car. He quipped that school lessons cost less.
MENTIONED IN THIS ARTICLE
Minneapolis
James Ford
University of Minnesota
Ford
Herbert Hoover Marks 76th Birthday Quietly
Former President Herbert Hoover celebrated his 76th birthday today at a country home with friends in New York. The brief observance was reported by AP from the scene.
MENTIONED IN THIS ARTICLE
Herbert Hoover
New York
Home of Friends
Not disclosed travel plans of Hoover after Western trip
His office said he paused to visit friends on his way back from a Western trip. Specific whereabouts were not disclosed. Hoover maintains residence in the Waldorf Astoria and travels frequently.
MENTIONED IN THIS ARTICLE
Hoover
Waldorf-Astoria Hotel
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