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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 02, 1969
Page
7
A widow's life insurance policies, owned by her, paid out to her children and grandchildren on her husband’s death. The IRS argued a $300,000 gift to the heirs occurred, based on the policy face value, and the court affirmed this gift tax assessment.
Roger Spear discusses Electronic Associates and U S Industries with earnings trends from 1963 to 1969, noting recovery drivers and industry headwinds from potential congressional reform. He advises long term investors to hold US Industries despite volatility. A reader seeks guidance on selecting a defensive stock and is advised to consider Heinz at 14x 1969 estimated earnings of 2 25 with strong product growth and domestic market penetration.
London diplomats say a broad Middle East framework is near but fails to resolve core issues. Arabs refuse territorial concessions and Israel vows not to withdraw from Old Jerusalem, Golan Heights, or parts of the West Bank, signaling a prolonged war of attrition. Thieu seeks firmer stand with Nixon amid Paris pressure and Saigon’s isolation grows. French leaders face austerity as inflation climbs, with belt-tightening likely regardless of the next president.
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