AMERICA AT WAR

Press, Volume LIV, Issue 16309, 5 September 1918, Page 7

AMERICA AT WAR

THE PRICE OF WHEAT.

(By Cable. —Preaa Association.—Copyright.) (Australim and Cable Association.) NEW YORK, September 3. President Wilson has announced that the n'csfiiit price of wheat, 200 cents, will be applied to the 1919 crops, unless inrestiga-uon discloses the necessity for an increase. It is difficult to guwrfntee the price a vear ahead, because, if there should be peace, Europe t would take advantage of the hngo stocks of grain in Australia, India, and the Argentine. This would mean that the United States would face a loss of 500,000.000 dollars through inability to sell the surplus for the high price guaranteed. UNITED STATES iiXPENDITURE FOR AUGUST. (Australian aixi Ts. Z. Cable Association.) {Received September 4th, 9.35 p.m.) WASHINGTON, September 3. The United States war expenditure for August exceeded £340,000,000. CZBOHO-SLOVAKS RECOGNISED. THE REVENUE BILL. (Australian And N.Z. Cable Association.) (Receivod September 4th, 11.45 p.m.) WASHINGTON, September 3. The United States has recognised tho Czecho-Slovaks ' as a co-belligerent nation warring against Austria-Hun-gary. The new Revenue Bill, which is the greatest taxing measure in the history I of the nation, will be introduced into Congress on Tuesday. It will yield more than eight billion dollars, as compared. with 3,914,000,000 last year. The taxes on automobiles yield 123,000,000, on liquors 1,137,000,000, and on cigarettes 165,000,000. The taxes on income are as follows: — 2500 dollars income, 30 dollars tax. 5000 dollars 180 dollars tax. 10,000 dollars income, 845 dollars tax. 50,000 dollars income, 12,495 dollars tax. 100,000 dollars income, 39,000 dollars tax. 1,000,000 dollars income, 647,000 dollars tax.