Why Sell Stock At a Loss to Save Tax?
Investors' Guide asks if taking a loss to offset gains makes sense. Sam Shulsky explains that tax losses can offset gains, with limits and carryforwards, and discusses timing tricks and industry moves, while cautioning against overreaction to market swings. The column notes SEC restrictions on certain Canadian mining stocks and provides a Treasury snapshot.
MENTIONED IN THIS ARTICLE
Sam
Shulsky
Uncle Sam
Amjoteen
Uay
Wich
Toronto
Montreal
SEC
U.S
AT T Hits New Historic Peak Amid Mixed Early Trading
New York stocks edged higher at noon as the Dow Jones average rose to 618.59 and the Associated Press average gained 0.1 to 221.00. American Telephone climbed to a fresh intraday peak near 108.5 before easing slightly, while industrials led gains and rails and utilities lagged. Corporate and government bonds moved in opposite directions in a brisk, uneven session with broad participation in the tape of listed issues from Allied Chem to Texaco and beyond.
MENTIONED IN THIS ARTICLE
New York
Associated Press
American Telephone
Oster Adams
New York Stock Exchange
South
Warren St
Harrison
Allied Chem. & Dye
Z Allied Stores
Allis Chalmers Sereeee
Alum, Ltd
Ssaccesee
Amn, Aurhnes
Bendix
Bethlehem Steel
Boeing
Borg - Warner
Bullard
Canadian Pacific
Armco Steel
Armstrong Cork
Cree
Atch
Santa Fe
Avco Meg
Baltimore & Ohio
Esesee
Cole, Fuel & Ir
Columbia Gas
Consol Edison
Continental Can
Continental Motors
duPont de Nemours
Douglas Aircraft
Dow Chemical
Eastern Gas and
Eastman Kodak
Fairch En
Eeeeeeeeneess Sd
Onpewe Sey Sevens
Harvester
Internatl
Tel & Tel
Jones & Laughlin Steel
Kennecott Copper
Lehman Corp Ceeese
Liggett & Myers Aes
Lockheed Airc
Seesees
Pacific Gas & Elec
Pacific Lighting
Peps
Sealright-Os Falls
Sears, Roebuck
Eesees
Shell Oil
U S Guarantees $3 5 Million Loan To New Haven RR
The Interstate Commerce Commission approved a government guarantee of a 35 million loan to the New York New Haven Hartford Railroad, supplementing a 45 million guarantee from last October. The railroad seeks funds to cover cash needs before March 31, 1961, citing reduced carloadings from blizzards, hurricane Donna damage, and strikes elsewhere. Governor Rockefeller plans a tax relief program for railroads.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
New York, New Haven & Hartford Railroad Co
ICC
Iwans
Nelson A Rockefeller
New York
Woman saves husband by cutting throat at dam
Mrs Paul English of Calgary Alberta cut her husband's throat with a razor to save his life at Pathfinder Dam fifty miles southwest of Casper on Christmas Eve. English could not breathe from an old throat injury. a Casper physician learned of the incident Friday and said the husband instructed his wife how to open his throat to allow air.
MENTIONED IN THIS ARTICLE
Casper Wyo
Paul English
Calgary
Alberta
Pathfinder Dam
Here
Casper
English
Christmas sales near record level in 1959 year
New York reports Christmas sales nearly match the 1959 peak with overall retail trade for the week ending Wednesday running 11 to 15 percent above last year. Apparel, toys, small appliances, lamps, gifts and linens led gains while furniture and appliances softened. Bad weather curbed early sales and Minnesota pioneers faced iron shortages for plowshares.
MENTIONED IN THIS ARTICLE
New York
Christ Mas
Dun & Bradstreet Inc
New York Market Eggs and Stocks Report
New York wholesale egg offerings meet limited trade needs with spot quotations for whites and Browns, including extras, top quality, mediums, and smalls. Butter supplies ample with demand good and prices unchanged. The American Stock Exchange shows mixed activity with declines in railroads and utilities, while overall indexes shift modestly.
MENTIONED IN THIS ARTICLE
New York
Senior Citizens New Year Party and Local Notes
The Senior Citizens annual New Years party will be held in the clubrooms Saturday evening with music by the Senior Citizens orchestra. Rev and Mrs Louis Halle nbeck will open their Parsonage for an open house Monday from 2 to 4 pm and 7 to 9 pm at 133 East Fourth St with refreshments. The Oswego Junior Chamber of Commerce hosts its annual New Years party in its clubrooms Saturday starting at 10 pm, reservations via FI 3-0448 FI 3-7625 or FI 3-6871. Lt and Mrs Frank M Clark Jr and their daughter of Glen Bern in Md spent Christmas weekend with Mr and Mrs Alfred Meeker of 284 East Tenth St. Mrs Clark is the former Dawn Vr Meeker. A son, Daniel Harold, was born Saturday Dec 24 to Mr and Mrs Raymond Mack of Camstown Rd Baldwinsville, joining sisters Carla Sue Jalene and brother David. the Macks formerly lived in Minetto.
MENTIONED IN THIS ARTICLE
Senior Citizens
Senior Citizens Orchestra
Louis Hallenbeck
Church of the Nazarene
East Fourth St
Oswego Junior Chamber of Commerce
Frank M Clark, Jr
Glen Bernin
Raymond Mack
Camstotk Rd
Baldwinsville
Daniel Harold
Carla Sue
Jalene
David
Mack
Minetto
Head Guarding Cushion Aids Deep Ocean Dives
A head structure is believed to serve as a cushion protecting vital organs from excessive pressure during deep ocean dives. Researchers suggest the feature helps mitigate compressive forces on the head as divers descend to greater depths.
Cuban Police Smash Bomb Making Centers
In Havana the government said it busted three bomb making centers and arrested 17 people, including 15 men and 2 women, after night raids by intelligence agents. Police recovered gelatinous dynamite and weapons allegedly from U.S. manufacture, with raids mainly in suburban Marianaos. A semiofficial paper linked the group to the US Embassy and counterrevolutionary activity. During raids a cinema balcony bomb injured seven, and another bomb target reportedly hit a government supermarket in Marianao.
MENTIONED IN THIS ARTICLE
U.S
Marianaos
Revolucion
Marianas
Marianaoi
Boy Ostrander killed in sled accident near Albany
Albany police said 8 year old Mark Ostrander of Boght Corners died Thursday when his sled shot off a canon and was run over by a passing car on a suburban road. He was the son of Mr and Mrs Ward Ostrander whose father runs a wholesale bakery supply firm in Troy. Bass fishing tips note early morning and evening as best angling times.
MENTIONED IN THIS ARTICLE
Albany
Mark Ostrander
Boght Corners
Ward Ostrander
Troy
Kennedy Calls New York Farm Crisis Conference
President-elect John F Kennedy scheduled a January 5 conference in New York to address the farm crisis. Nine farm leaders and Minnesota Governor designate Orville Freeman will attend at the Carlyle Hotel, with aims to guide further action recommendations.
MENTIONED IN THIS ARTICLE
Kennedy
McGeorge Bundy
Harvard
Faculty of Arts and Sciences
Paul H Douglas
D-Ill
New York
Herschel D. Newsom
National Grange
Farm groups leaders named in statement
James Patton head of the National Farmers Union Charles B Schuman of the American Farm Bureau Federation Homer L Brinkley of the National Council of Cooperatives Carl Bruns head of the Wheat Growers Association Walter Goeppinger of the Feed Grain Council Wilbur Smith president of the American Cotton Producers Association Glen Lake president of the National Milk Producers Federation Oren L Staley head of the National Farmers Organization all appear in a joint declaration from major farm groups.
MENTIONED IN THIS ARTICLE
James Patton
National Farmers Union
Charles B. Schuman
American Farm Bureau Federation
Homer L. Brinkley
National Council of Cooperatives
Carl Bruns
Wheat Growers Association
Walter Goeppinger
The
Feed Grain Council
Wilbur Smith
American Cotton Producers Association
Glen Lake
National
Mlk Producers Federation
Oren L. Staley
National Farmers Organization
Man seeks 950000 in false arrest suit in Mentor case
Floyd E. Hargrove, 36, files suit in Lake County Common Pleas Court seeking 950000 in damages for alleged false arrest over the 1959 Christmas Eve sniper slaying of Charles Clark. He was acquitted of murder last June. Defendants include Sheriff William B. Evans, Coroner Dr. Richard W. McBurney, and Mentor Police Chief Frank T. Hathy. Hargrove seeks 150000 for detention Dec 25-29, 300000 for post Jan 1 detention, and 500000 in punitive damages. He reportedly admitted the Clark killing during the first arrest and spoke of an affair with Clark’s wife, Lois.
MENTIONED IN THIS ARTICLE
Painesville
Ohio
Charles Clark
Mentor
Floyd E. Hargrove
Lake County
Common Pleas Court
William B. Evans
Richard W. McBurney
Frank T. Hathy
Hargrove
Clark
Lois
United States Indian School Largest in Southwest
The United States Indian School in Phoenix Arizona stands as the largest of its kind in the Southwest with an enrollment drawn from twenty Indian tribes.
MENTIONED IN THIS ARTICLE
United States Indian School
Phoenix
Ariz
Southwest
Navy Fire Probe Sparks City Embarrassment in Firestorm
Navy inquiry into the Constellation fire led by Vice Admiral Austin faces charges from Fire Department aide Albert Pacetta that questions aimed to discredit New York City officials. Pacetta testified as the inquiry resumed, noting clashes over fire safety measures and procedures while 50 people died.
MENTIONED IN THIS ARTICLE
New York
Naval
Constellation
Edward F. Cavanagh, Jr
Albert S. Pacetta
Fire Department
Pacetta
Navy
Cavanagh
Adm
Bernard L. Austin
Austin
Also Mentioned on This Page
Investors’ Guide
Sam Shulsky
Apa
Spulsky
U.S. Treasury
Treasury
Niewepapen
At&t
Ats
U. S
New Haven
Minnesota
Ccsceree
U.S. Steel
Cccsceeeee
Wester Union
Esecaen
Westinghouse Elec
Woolworth Co
Youngstown S & T
American Stock Exchange Catalin Corp Eee
Cenco Corp
Eceree
Elec &Bond & Share
Elec &Bond & Share «. 2516 Naaqs Seccce Seveseeree
Bon Jones, Inc. Industrials
Essee
Havana
N. Y
Buresa of Advertishn
Mesabi Range
Oswego Palladium
Naw
Qam
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!