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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 17, 1968
Page
29
A guide for givers and recipients on the $25 per person annual deduction for business gifts. Key points cover calculation by cost to the giver, exclusions for incidental costs, and special rules for gifts to corporations and advertising items. Includes required records: cost, date, description, business purpose, and recipient relationship.
Chicago buyers saw soybeans rise on a government loan report suggesting farmers held large bean supplies in November. Wheat and corn edged higher on labor dispute rumors, while rye and oats posted gains amid active buying. overall market tone reflected cautious optimism and profit taking.
UPI reports a volatile Monday as stocks slipped after an initial rise. GM's 1969 capital spending boost barely steadied markets while declines outpaced advances. Dow fell 4.97 to 976.32 and NYSE index down 21 cents with 15.95 million shares traded. Youngstown Sheet & Tube led active list, up 57% to 50, Lykes to seek stake, Glen Alden volatile on block trades.
UPI reports Dow Jones averages on Monday close with figures showing highs and lows for 1967 and 1968. Newswire data lists several index values, including spot levels around the 900s and 800s, amid fluctuating trading patterns.
New York stock activity shows lower to fairly active trading with uncertain demand. Beef product markets rise with hogs up 50 to 75 cents and slaughter steers strengthening up to 31.00 amid about 5,000 hogs and 9,500 cattle receipts.
Los Angeles reports citrus prices steady with Sunkist Growers listings showing various orange sizes and prices. Grade notes include 56s to 113s and 138s ranges with prices from 2.55 to 4.15 and 3.19, 3.2 for specific lots.
Market brief with figures on wheat corn sorghum millet millet and flour prices. Mentions rival sectors and nominal Alfaita values, noting US and international context and mixed trading signals across grains.
A team of Navy investigators examined the burned wreckage Monday after an A4 Skyhawk crashed on takeoff Sunday near Fallon. The pilot, Naval Air Reserve Lt. Cmdr. Edward H. Dolan, 35, from Mountain View California, was killed.
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