Time Clock, Dec. 10, 1956

CORPORATE-TAX CUT will probably be put off another year, to 1958. Cut is scheduled next April 1 in corporate levies (from 52% to 47%), plus excise-tax reduction for liquor, cigarettes, autos, auto parts. But Treasury Department estimates slash would cost Government about $3 billion, wants another twelve-month delay.

HOWARD HUGHES has been buying up 20th Century-Fox stock, reportedly owns biggest individual block of stock, 300,000 out of 2,644,486 outstanding. Wall Street speculated that he may be trying to get control of the company since his investment is now bigger than the holdings of the next biggest stockholders, former Fox Production Head Darryl...

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