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More Taxes. The $5 billion tax boost bill now in Congress would be only a first installment. "Congress should enact further tax legislation as soon as possible . . . This should include a just and fair excess-profits...
...into 17. But Broadway still had high hopes for 1950-51. The war, always a boost to show business, and a current fad for theater parties were expected to help. The 14,000-member Show-of-the-Month Club, which last year sold over $600,000 worth of tickets, looked for a bigger enrollment this year...
...Corp., which jolted its competitors a fortnight ago by giving a $25 million cost-of-living wage rise to its workers (TIME, Sept. 4), last week served up another surprise. The company declared an extra $3 dividend, payable this month on top of the $1.75 quarterly dividend. This will boost dividends so far this year to $7.75, v. $5.25 for all of 1949. When the New York Stock Exchange rang the gong to open trading the next morning, Chrysler stock shot up 3½ points to 71¼, giving the entire market a fillip. At week's end, investors...
...matchmaker (first: Diamond) with a gross of $12 million last year.* Last week President Adolph Rosenberg, 61, hailed a new Universal product as the first major innovation in match books in almost 60 years. The product: a match book with a waterproof striking strip that is expected to boost sales $1,000,000 this year. Adolph Rosenberg and his brother Samuel, 57, a Universal vice president, did not strike it rich in matches until after they had burned their fingers elsewhere. Adolph quit high school to work in the piece-goods business, later set up a woolen company with...
...expect even higher prices this fall when they start bidding for fine-grade apparel wool (last week's auction was mostly limited to grade B stock). The U.S. will import more than 300 million Ibs. of wool this year; textile manufacturers fear that the skyrocketing wool prices will boost the cost of woolen cloth by about $1 a yard, tack an extra $5 on a man's good-quality suit by next spring. And last week the tight-squeezed wool market got ready for another pinch: the National Security Resources Board Chairman W. Stuart Symington said that...