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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 29, 1976
Page
4
A dense OCR filled with channel names and schedule fragments shows a chaotic listing of programs across stations. The readable items include titles like Bewitched Bonanza and Hollywood Squares with various times and channel tags, but many entries are garbled.
A probate judge will determine if an autopsy report on Howard Hughes is relevant to Texas Attorney General investigations into the late billionaire. Judge Gregory ordered the report be turned over, with the possibility of medical opinions if needed. The move followed motions by Annette Gano Commis and William Lummis to block release. Hughes died in April after a flight, with officials citing chronic kidney failure.
A classroom discussion on a bridge hand describes optimal play after a heart opening. The student concedes a tough loss while the tutor outlines defenses and ruffing sequences to cash in clubs and diamonds. A Maine reader asks the odds of 8 trumps vs 5 trumps splitting 3-2, answered as about 32 percent, just over two thirds of the time.
The Robert E. Lee Memorial residence Arlington House sits above Arlington National Cemetery. Built by George Washington Parke Custis, it was the home of Mary Ann Randolph Custis who married Lee in 1831. The house was confiscated during the war and later returned to Custis Lee after sale to the government.
The writer argues against selling Pacific Tel for an 8 percent equivalent yield, noting its A rating, 50 years of dividend, earnings uptrend, and current $1.20 dividend coverage. He explains tax effects of a sale, compares yields, and cautions on trading high-grade bonds bought for income given prevailing interest-rate changes.
The column covers tax questions about stock mergers and capital gains, plus whether renting a two family home or investing $38 000 in top quality corporates yields better after tax income. It notes no capital loss until stock is sold and outlines tax bracket effects on net income.
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