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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 30, 1963
Page
9
The United States will implement a sweeping redesign of tariff schedules tomorrow, the first major change since 1930. Officials say 2 to 3 percent of imports will be affected, while the goal is to modernize classifications and simplify duty determinations for producers, importers, and consumers.
Ottawa outlined a pact with Peking allowing Canada to admit up to seven million dollars a year of internationally competitive goods from China, mainly textiles, as part of a broader wheat agreement. Safeguards cap Chinese exports to Canada on about 30 sensitive items and prevent market disruption while expanding Canadian markets.
The column explains taxes on free stock from a company plan and on Series E bonds interest. It notes that ordinary income is due when stock is received but capital loss rules apply on sale. bonds accrue interest that can be taxed yearly or on redemption, with most choosing redemption taxation. Also contains multiple public notices about road hearings in Pima County Arizona, detailing routes, hearing dates, and objections procedures.
Board of Supervisors of Pima County Arizona announces hearings on abandoning road rights of way and easements in Northridge Estates. The proceedings affect Foothills Drive and North First Avenue corridors recorded in Maps and Plats. Objections in writing must be filed with the Board.
A Tucson attorney claims about $12,000 was embezzled by his secretary and the case against Southern Arizona Bank & Trust Co. was taken under advisement by Superior Court Judge Robert Roylston. Roylston expects no ruling for about two months as attorneys file memoranda.
Eight city pools will stay open through Labor Day with eight swimming and wading pools. After Labor Day wading pools close while swimming pools operate on weekend hours only if weather allows and public use continues.
A playful note mentions mutual funds and government bonds in a lighthearted tone referencing peanuts and a civic audience. The quick aside hints at financial topics amid a social setting without detailing specific investments.
In New York on August 21 the cottonseed oil futures showed little change with September at 12.0102 and October at 17.12. December and March contracts drifted around 20.28 and 12.03 respectively, while May held near 12.12 and nearby months fluctuated.
Market brief lists coffee futures including Santos and Bourbons with price lines around 32 to 32.25 and a slight decline in B futures. Cottonseed meal quotes show Sept and Oct ranges near 4.40 to 5.50 per hundredweight. Also notes grain and hay arrivals in Los Angeles with mixed prices for wheat corn flour barley and hay.
Dividend declared in New York on Aug 7 lists rate and period for Rayeola stock, details incomplete. No further specifics on amount or recipient are provided in the readable text.
The Board of Supervisors of Pima County Arizona sets October 1 1963 at 10:00 A.M. for a hearing on a road petition affecting a 500 foot wide right of way and related plats. The notice lists where the petition is filed and the official venue Tucson Arizona.
Sealed bids for parking lot and sidewalk improvements for the Southern Arizona Mental Health Center are due in Tucson. Bids must meet Arizona statutes and will be opened publicly at Flattan & Harris, with checks or bid bonds required. Public notices also announce a hearing on a State Highway Department project to improve State Highway 7 in Patagonia, inviting formal requests before September 17, 1943.
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