17 Feb 1943
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Feb 17, 1943
Page
1
The article explains how to determine basis for income tax purposes. It covers how basis depends on acquisition method, adjustments for depreciation and improvements, and rules for property bought before and after March 5 1913. It notes adjusted basis as the difference between adjusted basis and selling price to measure gain or loss.
An English language report notes the Red Army regaining Kursk and Kharkov and pushing German forces back toward the Dnieper. It describes the wide German retreat, the stretched supply lines, and predictions on whether the Germans can reform their defenses or withdraw to safer lines as Soviet forces press forward.
National Stockyards Illinois reports hogs 7500 head mostly 30 lower, lighter weights 10 lower, sow and stag declines. Cattle receipts 2500 and calves 600 steady with some prices 14.00 to 16.50 for steers, 12.75 to 14.50 for yearlings and cows 10.50 to 12.50. Sheep 1000 trucked in, lambs 14.00 to 16.26, ewes down around 4.50. Butter and eggs firm, grain futures high on corn, wheat steady to higher. New York stocks mixed with rail gains modest.
The Russian winter offensive against the German forces near Stalingrad advances toward the Dnieper and other fronts. Analysts note strategic German retreats planned by field marshals as they shift from Voronezh toward Orel and Bryansk Vyazma, with Moscow watching for further moves.
Field Marshal Rommel faces German drives and stiffer Allied resistance as the Eighth Army pushes toward Medinine in the Mareth line. Air and naval actions intensify with six Axis ships sunk by British submarines and frequent aerial battles over the front from Ben Gardane toward Gafsa and Tebessa.
Leo Durocher has moved to 1A on selective service and awaits call. Del Camilli named possible manager successor if Durocher leaves for U.S. Army. Rickey says Durocher remains Dodgers skipper until uniformed duty begins. Camilli, 35 and father of five, may skip baseball this summer due to ranch needs and relocation costs.
A statistic is cited claiming one in a thousand American children dies in the first year from an accident. The War Department reports a new Pentagon office building, claimed as the largest in the world, with capacity for fifty thousand workers.
East Columbia 61, Princeton 59. Pittsburgh 4, Carnegie Tech 43. Mississippi State 49, Alabama 41. Michigan 37, Purdue 34. Butler 33, DePauw 30. St Ambrose 48, Dubuque 22. Peru Neb 44, Weslyn 35. Hastings 34. Great Lakes 41, Washington U Mo 33. St Louis U 44, Loyola Chicago 39. Wayne 60, York 58. Emporia State Eas 30. Washburn U 27. Missouri Valley 4. Rockhurst 45, Central College Mn 44. Tarkio 28. West Washington 72, Idaho 34. Montana State College 43, Denver 41.
British signal men man a desert foxhole phone booth on the African front. They stay on duty despite nearby shell blasts as axle forces are nearly cleared out, sending critical messages under fire.
Chicago reports Lee Savold the Paterson heavyweight has impressed in recent bouts. He knocked out Lem Franklin last night after breaking the pose of Tami Maurietta in a New York fight. Savold faces an X ray test to check for a possible fracture.
Hot Springs February 17 The racing secretary predicts a full field of 11 or 13 thoroughbreds will contest the Moagar Leo P. McLaughini handicap the opening feature at Oaklawn Park on Monday. Nomination closing Friday, but no plans for two divisions. Probable nominees include Nijspose Through Bound Big Neat Cerebus Spiial Pass Alphort Day Dream Power Bluff Fly Ty and Frank's Boy. Jockey Johnny Longden arrived from New Orleans and Dan Meade is en route from Florida to join the local riders.
Fred A. White, pastor of the First Baptist Church of Lewisville, spoke at the Hotel Henry as Kiwanis Club guests noted his talk on George Washington portraying him as farmer, politician, and leader. Abe Kausnick of Hot Springs attended as a guest. Carson Lewis was introduced as a haw member.
Cody Wyoming February 17 Paul Greever prominent attorney and former Wyoming Democratic congressman at large from 1935 to 1940. The obituary notes his service and mentions prior roles in state and national affairs in a concise report.
New York February 17 uP Six weeks after planning a routine meeting the Thoroughbred Racing Associations held a session of six directors representing 330 major tracks. They weighed how racing can continue during the war with transit limits, aiming to keep racing going unless new war related headaches arise. Leaders John C Clark and Col Matt Winn signaled Derby plans despite scant resources.
Sports Mirror recalls a 10 round bowl in Philadelphia where Miny Servo trounced Lew Jenkins 134 4, and a New York meet where Chuck Fenske won the Baxter mile with Zamperini and Venzke among top finishers. Also notes former West Virginia Wesleyan athlete turning to pro football and joining Lou Little at Columbia.
Pittsburgh outpointed Mayan Pad re 146 Philadelphia. Jersey City Charles Lewis 120 Brooklyn outpointed Cason Gibson 118 New York. Babe Synd 150 Fall River outpointed Billy Scott 152 New York 8 rounds. New York Chester Aleo 136 beat Bobby McIntyre 139 Detroit 10 rounds. Rural traffic fatality declines exceed expectations with notable improvements last year.
An armed man burst into a private school classroom in Philadelphia, demanded cash from a speech teacher Mrs. Floranz Hilcrup Emtage, grabbed 13 dollars, and fled after claiming there was more money elsewhere. No further funds were found. The incident occurred in the Jeff College of Oratory and Self Expression.
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