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Newspaper
Cuero Record
Location
Cuero, Texas, United States of America
Date
Dec 28, 1966
Page
2
Texas A&M Extension economist John McHaney says the national economy should stay healthy through 1967 with growth near the long term average. He cites Vietnam defense spending, government programs, credit demand, and housing as key influences on inflation, demand, and investment.
Texas A and M Extension farm management specialist James Mallett explains IRS rules classifying farm assets into ordinary income (items produced for sale) and capital items (production plant). Livestock used for breeding or dairy may qualify for capital gains, with only half the profit taxed if held 12 months plus. land and buildings require six months. For full details refer to IRS Publication 225 Farmers Tax Guide, 1967 edition.
Five people escaped injury after a private single engine Piper Colt lost power and landed in the southbound lane of Baltimore Washington Parkway. The aircraft crashed through the canvas roof of a car and came to rest in the back seat. Two pilots aboard the plane were unhurt.
Washington reports the Agriculture Secretary Orville L. Freeman said the government will substantially raise food donations to school lunch programs in the last half of the current school year. He hopes the larger aid will prevent any further rise in lunch prices.
New York United Press International reports that Manchester author William Manchester received a two day extension to seek a settlement with Mrs. John F. Kennedy over The Death of a President. State Supreme Court Justice Saul Streit set hearings for January 16 and ordered Manchester to refrain from using taped interviews or letters with Mrs. Kennedy. Manchester remains hospitalized in Middlesex Memorial Hospital, Conn, but was removed from the critical list and moved to a regular diet.
In San Diego a 28 year-old man James Sayers was arrested on charges linked to a rape of a 16 year-old girl. He allegedly slashed the victim’s throat and left her for dead after she left a cafe with an acquaintance. Police says he was found driving a stolen car from New Orleans and identified in a photo lineup.
College Station growers will see three new commercial tomatoes La Pinta El Monte and Chico Grande this spring. Developed at the Lower Rio Grande Valley Center by Paul Leeper the varieties promise firmness flavor color and good keeping quality with disease and cracking resistance and higher yields than existing types. La Pinta and El Monte suit Valley and statewide conditions while Chico Grande is well adapted broadly.
Negro comedian Dick Gregory filed suit in U S District Court to block passport cancellation as he plans to tour North Vietnam to entertain U S prisoners of war. He seeks to invalidate regulations forbidding travel to restricted nations.
The first afternoon session of the 1967 Beltwide Cotton Production Mechanization Conference in Dallas covers how harvesting ginning and other production factors affect cottonseed planting quality. The Miami Seaquarium notes tarpon can breathe air and water.
A vintage dress pattern No 3336 offers sizes 1642 with short sleeves requiring 3.125 yards of 44 inch fabric. Send 25 cents plus postage to Iris Lane, Box 1490, New York, NY. Add 1 cent for first class mail. A free pattern and Spring-Summer Pattern Book coupon available for request, 3 cents.
COLLEGE STATION The 1967 economic outlook for agriculture is good with expanded acreage and higher cash receipts. McHaney of A&M projects feed grain and wheat allotments rise to meet expanding markets while government payments fall. Farm assets grew to 273 billion in 1966, and exports in 1966-67 point to further gains in foreign sales and overall production.
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