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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (June 28, 1950)
3 Few Corporations Credited With Profits' Upswing WASHINGTON, The federal reserve board report! a few large companies accounted for the upswing in corporate profits in early 1950 because they alone were able to cut costs. In the June issue of its monthly "Bulletin," the board said smaller concerns missed sharing in the ov erall orofits Bain for 'he reason they have been "somewhat less suc cessful in their attempts to reduce costs in the face of growing com petition. "Larger companies have realized substantial operating economies from extensive postwar additions and improvements to plant and equipment," it continued. "Hence, while corporate profits for first quarter 1950 were larger in the aggregate than those of fourth quarter 1949, the increase re flect Ih improve earning or a few Urge companies rather than a general rise in the earnings of all size classes ot concerns." The report was issued in the wake of a decision by the House ways and means committee to propose a bill boosting income taxes on con cerns with profits above $167,000 a year, reducing the rate on those with lesser net earnings. Driver Unhurt At Auto -Hurls Down Sexton Mt. GRANTS PASS, June 27 -(JPt-When a motorist reported he had seen an automobile hurtle down a 100-foot embankment at the south base of Mt. Sexton on the Pacific highway early Monday, state po lice spent more than an hour try ing to find the victim. A convertible which had made a complete revolution as it fell, was a mass of wreckage in underbrush. The driver was gone. He finally was located at a nearby farmhouse unhurt. He is T.n'il Sims of Wolf Creek. onvmrni pwkpvw Hiii Whisky it 4 Vein Old. Proof. ' IMlV TIMII DISTtUBBT CO. lOUIiVIUI I, KT. t feZ?' Blouses Lingerie HEART ATTACK OR INDIGESTION? THANK H5AVENS' Most ntuU s.r) )ut add lodifMUon. Wtuo U fttnkea. ukt Bell-ana Ubieu. 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