Inflation Pressures Push Taxes Higher Amid Armament Push
Administration officials warn personal and corporate taxes must rise as international events demand more armament and materials like steel soar in price. If steel and imports keep climbing, prices may rise further, with limited relief from domestic taxes and possible use of price controls or foreign-price adjustments. A Federal Reserve survey shows sharp import price increases across rubber, tin, wool, sugar, and other goods, while exports lag.
MENTIONED IN THIS ARTICLE
Australia
Federal Reserve
Uranium Field Brings Boom to Grants New Mexico
The discovery of possibly the world’s largest uranium field near Grants New Mexico sparks a western boom. Geologists and engineers flood the area as prospectors and curious crowds gather on Santa Fe railroad land between Grants and Gallup. The field was uncovered by 59 year old Paddy Martinez, a strawboss supervising Navajo laborers on nearby carrot fields. Martinez, an Indian, resides on the nearby reservation.
MENTIONED IN THIS ARTICLE
Grants
N. M
New Mexico
Santa Fe
Here
Gallup
Paddy Martinez
Martinez
Ore in Santa Fe rocks could yield rich uranium finds
Geologists report carnottite bearing rock near Santa Fe holds at least 10,000,000 tons with 0.1 to 0.25 percent uranium oxide. Value estimated at $5 to $15 per ton. Atomic Energy Commission offers $10,000 reward for discoveries meeting a set uranium percentage, but no US find has yet qualified.
MENTIONED IN THIS ARTICLE
Santa Fe Railroad
Atomic Energy Com
U. S
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