Rail Freight Rate Increase Granted In East and West
The Interstate Commerce Commission authorized emergency railroad freight rate increases of 7 percent in the East and 5 percent in the West. A separate 7 percent rise proposed by Southern carriers is under review and a hearing is set for January 7. The five percent Western increase is a reduced portion of the requested rise. The order allows railroads to implement the increases on five days notice, with projected annual extra revenue of 402.6 million dollars.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Western Territory
ICC
Railroad Freight Increases Extend to Pocahontas Territory
The 7 percent freight increase covering East of the Mississippi and north of the Ohio and Potomac Rivers also expands to Pocahontas territory. A 5 percent advance on interterritorial freights between Eastern Western and Southern zones was approved to offset wage hikes in the railroad industry effective November 1. Previously Eastern and Western lines sought 15 percent and defended the need to cover higher costs and ensure fair returns. The Monday authorization includes holds on select commodities.
MENTIONED IN THIS ARTICLE
Mississippi River
Ohio and Potomac Rivers
Pocahontas Territory
West Virginia
Virginia
Eastern and Western
Kansas City
Census shows value of farm mechanization in 1954
Washington reports a surge in farm mechanization from tractors trucks cars combines and milking machines. The 1954 census of agriculture shows one worker produced enough for nearly 20 people, up from less than 11 in 1940, with horses and mules fading and three of five farms having tractors.
MENTIONED IN THIS ARTICLE
Washington
Census Bureau
Tax tips warn prizes are taxable under new law
An article outlines that winnings from any contest or prize are taxable income. It notes exceptions for certain achievements and noncontest awards and stresses setting aside taxes before spending. It also includes a court citation for a Grayson County case and lists involved parties.
MENTIONED IN THIS ARTICLE
Congress
Uncle Sam
State OF Texas
James Jones
Eula Jones
Grant Jones
Sil Pisner Street
Rosedale
Wyandotte County
Kansas
Edwinna Norman
Everett Street
Kansas City
Bernice Jones
North Quaker Street
Tulsa
Tulsa County
Oklahoma
Grant James
15Th District Court
Grayson County
Court House
Sherman
Joe P. Treece
North Side
Denison Graysor County
Texas
State of
A. D
Exemption Rules For Prize Taxes And Hobby Lore
The prize tax is based on fair market value if the award is in property such as a car. Hobby is defined as a goofy obsession that keeps you from losing your temper. Birmingham is England’s second largest city.
MENTIONED IN THIS ARTICLE
Birmingham
England
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Ist
Federal Savings & Loan Insurance Corp
Wash
Ington
D. C
Sherman Savings
N. Travis
Sherman, Texas
Dad
Public
Robert Potts
Clara Potts
Dottie Slusher
Hattie Potts
Susie Potts
Napoleon Myrick
Hubert Myrick
Dufford Myrick
Will Slusher
13Th District Court
Denison
Sis.lemanee
Penman
Earnest
Shirley Day
Es Whitwright Sunder
New Reae
A . S& W. Earnest
Grayson Texas
Gladys Loaningen
Ps Whitewright Sun
the Sun
Hobby Lobby
Gift Headquarters
Sheaffer
Pangburn
Walker
Dominoes
Bibles
Schick and Ronson
Walker Pharmacy
Manor Bakers
Manor
Lowell Guthrie