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New Castle News in New Castle, Pennsylvania

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

New Castle News

Location

New Castle, Pennsylvania, United States of America

Date

Jun 26, 1980

Page

9

Velvet science and style in velvet fabrics

Velvets appear in many forms from silk to nylon with a strong claim of durability nylon velvet being nearly indestructible. Fashion expert Kerranguy explains pile differences while editors note velvet as washable and color distributions. Blazers for men rise in popularity versus last year as velvet gains broad appeal.

Sahara Desert Loic de Kertanguy J.B. Martin Velvet J.B. Martin Eastman Kodak Film Kerranguy Men’s Fashion Association Great Gorge N.J J.B. Martin Velvets

Giving stock as gift to cut taxes in 1980

The article explains gifting stock instead of cash can reduce future taxes. It uses XYZ Co as an example: a gift of 100 shares worth 1000 with cost basis 600 means the giver incurs no tax on the 400 paper gain, while the daughter, holding for more than a year, faces long term capital gains on sale. The daughter also inherits holding period from the giver along with tax records.

XYZ Co XYZ ABC Co Prentice-Hall ABC

Tax considerations for stock gifts and windfall tax rules

Explains how to compute total cost including brokerage for XYZ stock and compares gifts to retain tax benefits with ABC and ZYX. Describes basis, capital gains, and losses when gifting stock to a daughter, and notes Windfall Profit Tax law changes that alter carryover basis and step-up in heirs. Tomorrow: Making money supporting your parents.

Clark Family Reunion Planned at Gaston Park Shelters

Descendants of John and Dela Clark will meet Saturday at Gaston Park with Shelters 7 and 1 reserved. The reunion begins at 1 p.m. with a basket picnic.

John Dela Clark Gaston Park

Fashion Show Planned by Singles Social Club

The Singles Social Club will sponsor a fashion show at 7 30 p m Saturday at Epworth United Methodist Church. Fashions by Dusty Marietta and Margery Russell of Something Special Shop New Wilmington. Models include Marianne Prescott Linda Aepple Susan Todd Pam Williams and others. Narrator Cindy Harris. Singles invited. cake and ice cream served. proceeds support future club activities.

Epworth United Dusty Marietta Margery Russell Something Special New Wilmington Marianne Prescott Linda Aepple Susan Todd Pam Williams Evelyn Marburger Renee Perine Carla Mellicott Cindy Harris

Patterson Family Plans 85th Reunion at Pearson Park

The descendants of Thomas and Mary Patterson schedule their 85th family reunion for 6 30 p m Saturday at Pearson Park. All family members are invited to join a basket picnic and share memories.

Thomas and Mary Patterson Pearson Park

Also Mentioned on This Page

New Castle SS Velvet Maxine E. Carlson Piero Dimitri By Sylvia Porter Clark Everyti Organs Donati Yy Ee Eee Vt Gee Isie Co E. Washington ST Bruce Matt Appagalo Appagaio
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