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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 14, 1971
Page
9
The column discusses tax reform starting June 30 1972 reducing or eliminating income tax exemption on many utility shares. It advises caution in switching to dividend stocks for tax savings, noting uncertainty until the reform details clear. It cites New England Electric as an example of shrinking yields and high quality bonds as an alternative.
The reader seeks guidance on selling ten shares of New England Electric. A broker can execute the sale on a normal business day, or a commercial bank near the reader can handle the transaction if distant from a broker. The concern centers on unfamiliarity with stocks and the modest dividend of 3.70 dollars per quarter.
A reader asks for the standard afternoon knockoff time for offices. The note seeks typical daily closing hour and any variations by sector or business type.
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