Tax cuts eyed as budget talks shape 1970 plan
President-elect Nixon and Rep. Mills hint at easing or ending the 10 percent income tax surcharge next year, contingent on federal budget decisions. Budget director Zwick says last year’s estimate may grow. Johnson urges full use of economic policy tools to ensure employment amid policy shifts.
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Phil Thomas
New York
Nixon
Vietnam
Johnson
Charles Zwick
Capital Hill
Prudential Insurance Co
Bond yields in New York reach record highs in week
Yields on new corporate issues rose beyond late May highs while many issuances were postponed awaiting better market conditions. Municipal and government bonds declined then recovered, with several major offerings delayed or withdrawn amid high rates at Salomon Brothers & Hutler.
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New York
Salomon Brothers & Hutler
Treasury
General Motors Acceptance Corp
Florida Development Co
DeKalb County
Atlanta
Philadelphia
Columbus
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Tampa Electric Co
San Diego Gas & Electric Co
Krisby Shelter Care Home Owner Attends Illinois Meet
J. M. Krisby owner of the Krisby Shelter Care Home in Sparta attended the Illinois Shelter Care Home Association annual meeting in Springfield. Speakers included Dr. Robert Guthrie of Morgan County and Fred Stelling of Jacksville State Hospital. The home has been licensed since 1963 and serves 22 patients.
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J. M. Krisby
Krisby
Sparta
Illinois Shelter Care Home Association
Springfield
Robert Guthrie
Morgan County Inter-Agency Council
MacMurray College
Fred Stelling
Jack ~Sville State Hospitl
Illinois Department of Public Health
Department of Mental Health
Veterans’ Administration
Kinsby
Stocks edge higher on steel gains amid thin volume
The market posted a slight advance as steel shares rose and blue chips recovered. Volume totaled 15.32 million, with the Dow up 0.55 at 978.24. Texas Gulf Sulphur led activity, climbing to 38% on 309,700 shares amid court ruling reactions and speculation.
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U. S. Steel
Republic
Jones & Laughlin
Bethlehem
Dow Jones
Texas Gulf
Ontario
Commodity prices for Dec 2 to Dec 6
Market notes show grain quotes with Wheat No 2 hard yellow and No 2 soft red, Corn No 2 yellow at 1.142, Soybeans No 1 yellow, and Oats No 2 extra dry white 692 in the listed period.
Livestock Trading Down Week On Du Quoin Market
Du Quoin weekly livestock market reported heavy trading with prices averaging 25 cents lower than the prior week. Top closings reached 18.25 on hogs and 15.25 on sows.
MENTIONED IN THIS ARTICLE
du Quoin
Grain futures record loss on Chicago Board of Trade
Losses in grain futures prices over the past week on the Chicago Board of Trade ranged up to nearly 3 cents a bushel. The market was active and mixed with broad participation, led by corn as the biggest decline amid speculative liquidations and light hedge selling.
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Chicago
Chicago Board of Trade
New York
Wall Street Holds Optimism After Market Consolidation
The Dow Jones average rose 36.67 points over four weeks but fell 6.84 to 978.24 this week in a technical correction. Higher rates pushed banks to raise prime from 6% to 6.4% amid steady trading and strong volume, with bonds dropping as stocks paused.
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New York
Domestic gloves urged as cost saver by Murphysboro firm
Ward Sutton of Jomac North in Murphysboro says higher priced US made terry gloves offer better workmanship and durability than imported pairs. The plant produces 4500 to 5000 dozen gloves weekly with about 90 workers.
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United States
Ward Sutton
Jomac North, Inc
Murphysboro
Sutton
Work
Jersey
Jamac North, Inc
Coal spokesmen tout bright future after coal to gas shift
Neal P. Cochran of the Interior Department foresees benefits for rural areas from coal conversion to pipeline quality gas. James R. Garvey of Bituminous Coal Research proclaims coal reserves can sustain gas supplies for centuries and boost gas and oil market shares amid renewed reliance on converted coal.
MENTIONED IN THIS ARTICLE
American Gas Association
4GA
Neal P. Cochran
AGA
Office of Coal Research Utilization Division
Interior Department
Cochran
Ccal
James R. Garvey
Bituminous Coal Research, Inc
Garvey
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