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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Feb 25, 1968
Page
24
A pamphlet outlines deductible limits for charitable gifts under 29 per cent of adjusted gross income, with a possible 10 per cent rise for gifts to qualifying educational, medical, or government-backed groups. It notes non deductible items such as personal services, cash gifts to individuals, political donations, and church raffle payments.
Contributions for public purposes to the United States state or territorial possession are deductible. Foreign origin organizations are not. Individuals may carry excess 10 percent deductions over five years if over 30 percent of adjusted gross income. Property gifts use market value at date of gift for deduction.
William White appointed Florida district manager for Crystal Tissue Co. in Middletown. White, 39 year Crystal veteran and former Chicago district manager, will reside in Fort Lauderdale. David LeRoy named Chicago district manager and remains tied to the north central district. he lives in Elgin, Illinois.
U S January raw steel production reached 12 011 000 net tons, up from December 11 953 900 and January prior year 10 632 000. The gain marks the highest monthly output since May 1966 and shows BOF at 4 1 million tons, open hearth 6 5 million, electric 1 4 million.
An article by Thomas Collins proposes a retirement school for wives to guide husbands into a vibrant later life. It outlines five courses including household routines, personal confrontations, managing errands, social life, and financial realities, aiming to align wives with employer retirement programs for better results.
Earl Morgan is yard gang foreman and William B. Neal, Robert Hydler, and Steve Sabo become foremen in inspection and shipping areas. Basil Fleming and Charlies E. Lewis gain roles in annealing and east processing. Other promotions include Robert Colliver, Kenneth, and Holly Cox Lewis among former Armco workers with long service histories.
American Iron and Steel Employment reports that average hourly costs for steel industry workers rose to 4.76 in 1967 from 4.63 in 1966 due to lower production. Total hours and payroll declined as employment fell from 575,547 to 555,143 and wages paid dropped from 4.894 billion to 4.686 billion.
Directors of the Sorg Paper Co. declared a quarterly cash dividend of 17 cents a share on common stock payable March 22 to shareholders of record March 12. They also declared a quarterly cash dividend of 1.37 dollars per share on preferred stock payable April 1 to 15 shareholders.
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