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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jul 28, 1978
Page
2
London bullion dealers fixed gold at 198.80 dollars per Troy ounce as market analysts foresee a possible rise toward 200. The previous record was 197.50 on December 30 1974. The surge followed a weaker dollar and strong New York futures, with Tokyo and Zurich markets also posting gains.
The U.N. backs a Namibian transition mission with Martti Ahtisaari to survey election logistics. A U.N. Transition Assistance Group of about 1,500 civilians and 7,000 troops will follow to oversee independence expected next spring or summer. Western powers and SWAPO negotiated the plan after South Africa’s rule over South West Africa.
Treasury counters that Jones bill would let some with gains over 1 million avoid tax. The measure would largely exclude capital gains from the 15 percent minimum tax and cap the rate at 35 percent, far from the theoretical 49.1 percent. Existing law allows half of long term gains to be taxed, with a rollover provision for principal residences. The committee backs a one time $100,000 home sale exclusion and keeps rollover for buying another home.
John A. Curry, 38, of Gore, was arrested after a two block foot chase near Dodge Avenue and Valley Mill Road. He faces charges of rape and fondling a 13 year old girl. bond set at 35000 with a hearing scheduled for August 4. Concession stand break in reported with about 85 dollars stolen from Clearbrook site.
The Chesapeake & Potomac Telephone Co. will mail stickers to directory covers in the next weeks to list Buckner Criglersville Culpeper Gordonsville Louisa Madison Mineral Orange Sperryville and Unionville. The move follows criticism from Louisa and Orange counties over the initial Culpeper vicinity designation.
Kinard warns against delaying flood risk planning as council weighs federal funds impact. Shendon cites need for federal money for Woodland Avenue drainage while addressing flood plain issues near proposed joint facilities. Boppe notes high flood insurance costs. Robinson critiques planning commission, suggesting distrust if they pass ordinances. Also approved rezoning for Sarah Zane Fire Company near North Loudoun Street and site development at Bridgeforth Field.
Winchester volunteers answered four calls including a grass fire at 1019 Franklin St sparked by children, a false alarm at Daniel Morgan Middle School, a lightning strike report at Winchester Auto Park with no damage, and a stove fire at 420 W Clifford St with minimal damage.
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