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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Oct 31, 1925
Page
7
Market roundups show Turpentine priced at 1.05 in Savannah as of October 31. New York stocks and bonds are firm, with mixed currency. cotton softens, while sugar holds steady and coffee rises. Chicago reports wheat ease, corn down, cattle dull, hogs firm and higher. New York cotton spot quiet with middling around 19.40. New Orleans futures for Dec to July cited in teens to eighteen dollars.
Coast Line surveyors stake out lines for a Perry extension. Plans reportedly include a new freight house on the Lee Street lot to expand freight handling and provide a larger warehouse, signaling major local growth.
The statewide embargo on building materials and some freight goes into effect after railroad officials approved expansion. Tampa and Daytona report delays of up to twenty five percent, while Gainesville faces hotel and newsroom building delays. Perishables and fuel are exempt from the embargo.
Washington experts urged the Ways and Means Committee to retain the federal inheritance tax at reduced rates while cutting income taxes for low earners rather than full exemption. Seligman and Adams questioned plans to extend debt-payment periods and urged national uniformity with part of tax receipts returned to states.
Washington October 31 The FTC was advised by its chief examiner that no action at this time was required regarding plans for a merger of the General Baking Company.
In New York on October 31 the Studebaker Corporation directors increased the annual dividend from four to five dollars and declared an extra dividend of one dollar.
The Interstate Commerce Commission concluded hearings on the Van Sweringen railroad merger combining Nickel Plate Erie Pere Marquette Chesapeake and Ohio and Hocking Valley into a single company with over 1 billion dollars capital. Lawyers were ordered to file briefs by December 10 and prepare oral arguments for the last week of December.
Wisconsin and Milwaukee County move to safeguard inheritance tax collection on the estate of John I Beggs a Milwaukee capitalist asserting he was a Wisconsin resident. Attorney General Ekern announced the action in Madison on October 31.
The ongoing court martial includes sharp exchanges over the bill of particulars and defense readiness. Col. Mitchell pleads not guilty as Mrs. Mitchell shows support, while a weekend recess follows to permit witness review. Authorities say a subpoena for the President is unlikely though Secretary Davis remains uncertain.
London recorded its first real pea fog of the season at noon with power available but traffic hindered and Thames shipping halted. Authorities noted widespread disruption as streets and railways operated under the fog.
A helicopter piloted by Haig crashed at Farnborough after several recent flights. The undercarriage broke through the fuselage but the pilot escaped unharmed.
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