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Newspaper
Washington Evening Journal
Location
Washington, Iowa, United States of America
Date
Mar 10, 1932
Page
2
Good hog prices rose with light weights $4.65 to $4.90 and heavies $4.50 to $4.70. Receipts 19,000 hogs. cattle steady to firm with calves selling readily. Lambs offered at $7.00 to $7.60, sheep 13,000 head, feeders steady. overall market tone active in Chicago.
Combined hog receipts at 21 concentration yards and plants in interior Iowa and southern Minnesota for the 24 hours ending 8:00 a m show 18 500 head, up from 12 800 a week earlier and down from 28 710 a year ago. Prices ranged by weight from 3 00 to 4 40 per cwt with steady to higher movement and fairly active trading.
The crop reporting board says farmers held 207 323 000 bushels of wheat on farms on March 1 23 2 percent of last year s crop down from 161 442 000 bushels a year earlier. Farm corn stocks totaled 1 013 691 000 bushels down from last year s 73 529 000. Mild winter and low prices boost farm holdings. wheat merchantable quality at 84 38 percent is the highest since 1923.
The report notes hog weights vary with shrinkage at higher or lower levels and prices quoted differ accordingly. Hogs purchased by shipping point weights are excluded from the quotations and affect the basis for selling prices.
Chicago March report lists butter 6 265 tubs creamery extras 2214 standards 22 percent extras 21 to 22 firsts 20 to 21 packing stock 13 to 14 specials 23 eggs 10 780 cases current 11 extras 12 firsts 12 dirties and cheeks 109 cheese varieties 13 to 13 percent live poultry figures turkeys hens toms old No 2 leg horn varieties roosters 1 percent No 2 7 duck weights 20 geese 10 potatoes 63 cars on track 297 U S shipments 537 Wis sacked round whites 75 to 80 Idaho russets No 1 120 to 135
Grain receipts list quantities for Wheat 43 ears, Corn 95 ears, and Oats 19 ears reported in local market notes.
Chicago grain table shows wheat options with Mar, May, July and Sept bids and closes. Corn and oats quotes include May July and Sept figures with various highs and lows. Rye futures display Mar May July and Sept levels and shifts for the trading day.
Chicago cash grain closes with mixed bids for Wheat and Corn figures showing varied prices. Wheat bids range around 58 to 69 with several grades noted. Corn values include mixed 34 to 37 with yellow and other grade distinctions reflected in the report.
The article explains normal tax rates 1 percent on the first 4000 over personal exemptions, 3 percent on the next 4000, and 5 percent on the balance. Surtax begins above 10000 with brackets 1 percent to 14k, 2 percent above 14k up to 100k, and a maximum 20 percent on excess over 100k. It uses examples of couples and singles to illustrate computations and notes a 25 percent earned income credit.
Guidance on selecting joint or separate income tax returns for married couples in 1931. Explains how joint filing treats income as a taxable unit under normal tax and surtax, and how separate returns allow division of personal exemptions and potential tax savings. Includes example calculations and notes on exemptions and tax rates.
March 11 administrator sale of the George Park estate and mi SW of Washington. Public notice lists sale date and location for the estate settlement proceedings.
Ed Gallagh offers a young calf for sale and baled straw at 2213 four. Wells and Crail advertise an old fashioned oak sideboard with bevelled glass for five dollars. Wolfe Hatchery markets baby chicks from inspected flocks with custom hatching services. Date noted as med 10 11 14.
The revenue act sets personal exemptions by months of single and married status when marital changes occur. For a couple marrying July 20 1954 joint filing allows 5208 83 exemption. separate returns yield 1694 17 each. Head of family status and dependent credits vary with year end status.
A single taxpayer who supports relatives in one household may claim the head of a family exemption of 3500 plus 400 credit per dependent. A widower with an aged mother and a 17 year old daughter qualifies for 4300 total. The 400 credit does not apply to spouses. Only one head of family per return. income thresholds remain.
In Englewood New Jersey March 10 1932 Erna Scholtz a beauty parlor owner recalled how Mrs Anne Morrow Lindbergh called her son baby and the baby’s pet name Mum Mum two weeks before the kidnapping. She described the infant had unusually thick hair for four months old.
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