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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 10, 1995
Page
5
In 1950 we bought a Denver home for 24000, later improvements bring total cost to 64000 and current appraisal 180000. A Denver sale could qualify for a one time 125000 capital gains exclusion if it was the primary residence for five years, but the wife opposes selling and retaining the property.
Readers are invited to send general interest questions to Smart Vioney at P O Box 503 Elfers Florida 34680. The column team promises answers in upcoming installments.
Los Angeles reports the Lundberg Survey finds average gasoline at 1.2642 dollars per gallon, down 1.3 cents from a week earlier due to lower crude costs. Analyst Trilby Lundberg attributes the decrease mainly to cheaper crude oil with demand remaining high, suggesting further drops are unlikely.
New York reports outline both gains and downsides from lower rates. Consumers may buy more and firms invest, boosting housing auto markets and stock prices, while retirees on fixed savings lose income and rapid rate cuts could fuel risky speculation and inflation pressures.
Kent Ahrens of York Pennsylvania is charged with losing 128 million dollars in college endowment funds through unauthorised trades over three years. He is suspended from First Capital Strategists Inc. while federal and state regulators investigate. Neighbors describe him as diligent and helpful, not displaying obvious dishonesty.
Citizens Federal Bank and Peoples Savings Bank in Xenia advance toward a merger approved by regulators. Shareholders meet August 18. final documents to be signed by September 1. Exchange ratio set at 67 CitFed shares per PSB share, creating a $2.1 billion asset institution serving Greene, Montgomery, Butler, Preble, Warren and Clinton counties with PSB assets around $178 million.
The Lorain County Chamber of Commerce will host July 14 conferences bringing roughly 25 government officials and business leaders from Uzbekistan Kyrgyzstan and Kazakhstan to Lorain County Community College. The meetings are sponsored by U.S. Aid to International Development and involve the International Resource Institute of Cleveland.
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