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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 12, 1966
Page
10
A reader asks if dividends from five shares and from a monthly investment plan must be declared on the income tax return. The dividends are mailed to him for the five shares, while the reinvested dividends from the plan are not received as cash. He seeks guidance on reporting these amounts for tax purposes.
Police Chief Willie J. May reports a municipal court case on a date to be answered by the defendant. A summons has been issued regarding statements of driving while impaired and related charges. The town hall notes show ongoing legal actions and enforcement priorities.
The report notes the chief of police suffered a sneezing incident while driving near a citrus market. The event caused disruption as bystanders described the surprising reaction and involved parked vehicles on the street.
A reader explains how dividend income from five shares is received and taxed under reinvestment plans. It covers when taxes apply, transfer taxes on sales, and the $100 to $200 dividend exclusion for taxpayers depending on residence and filing status, noting regional differences outside New York.
Witnesses described a dangerous quick draw incident in Maupin Ore during a local contest. Marshall McElhern 28 died after Crabtree 23 fired his pistol during a challenge. Police indicated the shooting occurred when both men drew and Crabtree’s weapon discharged striking McElhern in the chest.
A Los Angeles fanArrested Edward H. Burton 49 faced charges after falsely arming a bomb aboard a plane in New Orleans. The flight to Los Angeles was stopped and the plane searched with no bomb found and it resumed its journey.
New York trading closed higher amid heavy volume marking the fifth consecutive advance. General Motors optimistic car sales outlook and favorable oil investment vibes lifted markets. GM common and Du Pont rose about 2 points. Ford, Chrysler, and others showed late-day gains while steel names moved higher toward the close.
Detroit reports a forecast of record motor vehicle sales for 1987 with estimates near or above 10.8 million units. GM executives cite favorable monetary and fiscal policy, strong demand, and continued expansion as drivers of a potential standout year despite broader economic pressures.
Edwin P Taylor chronicles the Morgan dynasty from Junius Spencer Morgan through J P Morgan and the rise of the house that built U S finance. The biography traces investment banking shifts, railroad financing, and wartime funding, portraying a powerful, influential firm and its ruthless battles.
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