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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jan 22, 1965
Page
12
Senior citizens gain multiple tax breaks under the new law. Deductions now cover all medicines and hospital costs for couples with a 65 plus spouse, plus favorable treatment of retirement income credits and a home sale exclusion up to 20000. The guide explains joint returns, credit rates, and a sample sale calculation.
AP discusses three interpretations of a drop in NYSE short interest to 5,993,811 shares on Jan 15, 1965. Possible shifts include bulls gaining, tax-motivated December activity, or a thinner demand base for short coveringmoving into January. A separate Kansas City note reports a Super-G Constellation plane to be converted into a 70-seat cocktail lounge on Main Street, with Patrick G. Quirk as principal owner.
The article outlines Farmers Home Administration loan options for farming and non agricultural enterprises with terms up to 15 years and an interest rate around 4.1 percent. Eligibility requires farming activity low enough to meet basic living needs and inability to secure credit elsewhere. Additional programs support small rural cooperatives and technical assistance for loan planning and operation.
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