How to compute cost basis for inherited utility stock
A reader asks how to report gains when selling inherited stock from a public utility holding company. The answer: if selling all stock, cost basis equals original amount paid plus any commissions, here $1,850, and profit equals proceeds minus that cost. If selling only part, apportioning the original cost to remaining shares is required, and the treasurers of the issuing companies can provide guidance.
MENTIONED IN THIS ARTICLE
Public Utility Holding Company
Mrs Luce to Speak at ASU Tuesday Evening Series
Clare Boothe Luce former ambassador to Italy and noted writer will be guest speaker at Arizona State University tomorrow. She will discuss drama at 8 p.m. in Memorial Union ballroom. Attendees include students faculty and the public.
MENTIONED IN THIS ARTICLE
Clare Boothe Luce
Italy
Arizona State University
Europe
Asia
Life Mag
Brisk Fires Axe Large Swaths Across Eastern United States
United Press International reports widespread weekend wildfires in the eastern United States. Virginia West Virginia and New Jersey forests burned as hundreds of fires destroyed thousands of acres and left hundreds homeless. Officials described extreme dryness and rapid spread feared to continue.
MENTIONED IN THIS ARTICLE
Panther State
Welch
W.va
Greenbrier
White Sulphur Springs
Shenandoah National Park
Virginia
New Jersey
Bayonne
N.J
Alaska governor urges shooting down Soviet planes over U S
Alaska Governor William A. Egan told the Western Governors Conference that the United States should shoot down Soviet planes over U S territory or aircraft carriers if necessary. He called flyovers an unfriendly act and criticized Defense Department plans as insufficient for Alaska's defense amid a March 14 intrusion near Kuskokwim Bay.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
U.S
Alaska
William A
Egan
Kuskokwim Bay
Defense Department
Cosmos 15 Satellite Launch Reported by Tass
Moscow confirms Cosmos 15, the 15th Cosmos unit, launched in its unmanned outer space program. The Bochum Institute notes it seems designed to simulate conditions for a future manned flight, with signals suggesting greater transmission range than earlier Cosmos satellites.
MENTIONED IN THIS ARTICLE
Moscow
UPS
Soviet Union
Tass
West Germany
Bochum Institute For Satellite and Space Research
Heinz Kamainski
Lighter Side of Budget Hearings Mockingly Highlights Flood
In a satirical recap, UPI notes House defense budget hearings staged like a soap opera. Rep. Daniel Flood grills Air Force Lt. Col. Perkins over boneless liver and prefabricated meat, then quips about nurses recruitment and khaki lingerie with Col. Elizabeth Ray of WAFS.
MENTIONED IN THIS ARTICLE
Washington
Russia
Dan
Air Force
D. J. Perkins
Directorate of Supply and Services
Perkins
Ficod
Flood
Col
Elizabeth Ray
WAFS
Col. Ray
Honor Arizona State Doctors
The spring issue of Arizona Statesman profiles ASU alumni first two PhD graduates who will receive degrees June 4. Dr Montrose Madison Wolf, an experimental psychologist, earned a 1959 B S from Houston and a 1961 M A from ASU and is a Research Assistant Professor at the University of Washington. Dr Jesse Wilmer Jones, a cell chemistry investigator, earned a B S from Texas College and an M S from New Mexico Highlands University and heads the chemistry department at Texas College in Tyler.
MENTIONED IN THIS ARTICLE
Tempe
Arizona Statesman
Arizona State University Alumni Association
ASU
Montrose Madison Wolf
Wolf
University of Houston
Jesse Wilmer Jones
Texas College
New Mexico Highlands University
Jones
Tyler
University of Washington
Seattle
Laos fighting seen as unsurprising current trend
Foreign notes discuss Laos renewed fighting as expected after last year’s fragile truce. Geneva talks face resistance from Britain and Russia. Moscow and Beijing wary of escalation while Tokyo reports Japan’s local elections show Democratic Socialist losses amid a Conservative Socialists crossfire.
MENTIONED IN THIS ARTICLE
Laos
Britain
London
Geneva
Russia
Red China
Moscow
Japan
Democratic Socialist Party
Democratic Socialists
Smith bets Kennedy would pick Robert over Johnson
Sen Margaret Chase Smith said in a radio interview she thinks Kennedy might choose his brother Robert as running mate in 1964, dropping Lyndon B. Johnson if confident of victory. She cautioned Kennedy may still keep Johnson to win the South and build toward 1968.
MENTIONED IN THIS ARTICLE
Washington
UPI
Margaret Chase Smith
R-Maire
Kennedy
Robert
Lyndon B. Johnson
Fannin States Solon Meeting to discuss funding
Gov. Paul Fannin plans talks with state officials and lawmakers over the failure to provide state construction funds. He may call a special session only if talks show legislators will appropriate some money.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Paul Fannin
Fannin
Canada Indian Study At ASU
Father Andre Renaud of the Oblate Fathers Commission studies at Arizona State University this month to aid creating an Indian Education Research Center in Canada modeled on ASU. He holds a Canada Council scholarship and will join the University of Saskatchewan in June as associate professor and lead the new center.
MENTIONED IN THIS ARTICLE
Tempe
Andre Renaud
O.M.I
Oblate Fathers Indian and Eskimo Welfare Commission of Canada
Arizona State University
Canada
ASU
Canada Council of the Arts, Humanities and Social Sciences
Canada Council
Renaud
College of Education
University of Saskatchewan
Saskatoon
ASU Bureau
North America
Oblate Fathers Commission
Father Renaud
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William A. Doyle
Mutual Funds
Doyle
Scottsdale Daily Progress
Museum of Modern Art
New York
Phoenix Art Museum
Carnegie Foundation For International Peace
Arts
Henry Robinson Luce
Time Inc. Publications
Connecticut
United Press International
West Virginia
Morgan County
Gray
Okla
Massachusetts
Kentucky
Bert Combs
Staten 'Sland
Lower Manhattan
New York City
Staten Island
Brooklyn
Queens
Tugan
Defense
Robert McNamara
Sputnik
Army
Arizona
Scottsdale Elks Lodge
Scottsdale Elks Lodge No
Grover Parker
Larry Brennan
Clifford Moore
Roy Tallman
Gene Walker
William Morin
John Lindberg
Victor Snyder
Joseph Larwin
William Sims
Mike Wagner
Esquire
Conrad Budde
Charles D. Lemon
David Kret
Dale Fant
Fred Scadding
William J. Fox
China
Southeast Asia
Norelco
Scottsdale
Kennedys
Jack Kennedy
Lyndon Johnson
Solon
Oblate Fathers
LANTZ
Earl's Market
Eastern Corn Fed
Knotts
Boysenberries
Young Fresh
Artichokes
Swift Premium
Hills
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