Word: hutzler
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Dates: during 1950-1959
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...them against higher taxes should inventory costs begin to fall. Companies cannot switch back and forth; Government permission is needed to do so. Gambling on continued price rises, Macy's asked permission to use LIFO in 1942. The Government refused, but in 1947 allowed a Baltimore department store, Hutzler Brothers, to file under LIFO after the store won its case in federal tax court. Soon after, Macy's began paying taxes under LIFO, won the Government's O.K. in 1951. But in 1954 the Government ruled that Macy's had not been eligible to file under...
MEMPHIS POWER PLANT to take place of proposed $107 million Dixon-Yates plant (TIME, July 25, 1955) will be financed through $154 million revenue bond issue by City of Memphis. Wall Street's Salomon Bros. & Hutzler heads marketing syndicate, expects to have bonds on sale before Jan. 1. Memphis' stearn electric plant will generate 812,500 kw., start operating...