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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 27, 1962)
MEDFORD MAIL TRIBUNE. MEDFORD. OREGON MONDAY. AUGUST 27. 1962 A 5 Plant Chapter Group of Crusade To Meet Tonight The plant chapter commit tee of the United Crusade will meet at the Pacific Power and Light company at 7:30 o'clock tonight. The plant chapter commit tee, composed principally of Crusade board members, ser vices more than 80 firms in business and industry in Jackson county. The firms are, for the most part, those which have large employee groups, and which otter payroll deduction priv ileges to employees, allowing them to make contributions to the United Crusade campaign hy the payroll payment method. At the Monday evening meeting, plant chapter com- miltce members will receive final training instructions for Local Postal Clerk Attends Convention Medford Postal Clerk Nor man E. Jahn attended the 32nd national convention of the United Federation of Post al Clerks in Portland last week. The convention meeting was addressed by Postmaster Gen eral J. Edward Day and other lop post office department of ficials and members of Con gress. The union delegates settled legislative goals for the next (wo years and determined , guides lo be used by their na tional officers when they meet next month with post of fice department officials to begin historic collective bar gaining talks concerning working conditions and per sonnel policies. Salaries will still be determined by Con gressional legislation. DIVORCE PLANNED Las Vegas, Nev. -0IPH- Co medienne Carol Burnett, who opened a two-week stint at the Sands hotel here earlier last week, disclosed Saturday that she plans to divorce her husband, Donald Saroyan. DIES IN FALL Cannon Beach, Ore. (UPD Kcndrick Charles Hawkcs Jr..' Ifl. Bcllevue, Wash., was kill ed when he fell from the side of Hayslack rock on the Ore gon coast near here Saturday. the campaign and their cam' paign supplies for the firms to which they have been as signed. Supplies will be deliv ered to the firms as quickly as possible. Some of the firms will be able to complete the solicita lion of employees prior to the official opening of the general campaign scheduled Sept. 17. To Start Program The Copco division of the Pacific Power and Light com pany has agreed to start its solicitation program immedi ately, conducting a pilot pro gram that campaign officials believe will serve as an incen tive and model for other firms to finish their solicitation work as completely and rapid ly as possible. N. H. Gladfelter, chairman of the plant chapter commit tee, stated the 88 firms in the plant chapter group are ex pected to provide 54 per cent of the campaign goal of $167, 683 for 30 agencies. The plant chapter committee has been an essential part of the United Crusade work since the cru sade was started in 1953. The name of the committee is derived from the system of establishing a crusade chapter within an industrial plant or business firm, the chapter be ing authorized o conduct a campaign for '.he crusade within its employee group. Not all of the firms listed under the plant chapter com mittee have actually establish ed chapters. However, one of the purposes of tiie committee is to cultivate the firms that do not have chapters to the point that one may be formed. Medford Man Awarded Certificate of Merit Dr. Wayne A. Frostad, Med ford, has been awarded a cer tificate of merit by the Amer ican Society of Dentistry for Children for his outstanding work in pedodontics (chil dren's dentistry) during his senior year at the University of Oregon at Portland. The ASDC award is pre sented annually to graduating seniors of dental schools who, in the opinion of the school faculty, made the most out standing record as an under graduate student in pedodontics. Try and Stop Me By BENNETT CERF- OLD COLONEL BEAUREGARD was a devil with the ladies, still charming the daylights out of them at 77. In fact, on his seventy-seventh birthday he adopted the practice of cutting a notch on his cane to mark each new conquest. That's what killed him on his seventy-eighth birthday. He made the mistake of leaning on his cane. ' At a meeting of the In numerable analyst who summer at Provlncetown, on the Up of Cape Cod, it was noted that Dr. Beezle bohm was glum as could be. Pressed for an explan ation, he reluctantly ex Dltuned. "Remember that patient I told you about who had a hallucination that he was ' going to receive a letter telling him that an unknown benefactor in Texas had bequeathed him ten million dollars? After five years of painful treatment, I finally cured the poor sap. Three days later, he got the letter." A three-time loser, up on the usual charge of grand larceny, pleaded that he had acted under hypnosis, and had no Idea what he was doing. The kindly judge advised him, "Better get hyp notized again so you won't mind spending the next twenty years In jail." O 1962. by Bennett Cerf. Distributed br Kiof Features Syndicate WORDS (hat COMFORT Thou wilt shrw me thr path of life: in Thy prrsrnce is fullness of Joy: at Thy right hand there are pleasures for flymerft PSALM lt li PERL FUNERAL HOME m CORNER SIXTH AND OAKDALE Spacious Parking Lot y Vl hi . wo t 7 coifl ' km v ii) mi pond tn ill colli, 1 rfiv or ttttht. J MEMBER BY INVITATION OV rbtr at (II) t (Salhcn &ult tfn3nkrnidwiud(Al'Jialim (fT)tpenJiiLUJimcniLT)indo Dennis the Menace fi-ir-'-'"' ' "r " SEE wider varieties GET better quality SAVE on your total AgE YOU SLOW T0HK3HT? OR 15 AW STOW FAST?' if Your Money's Worth By SYLVIA PORTER j Copyright. Hsll Syndicate, Inc. STOCK LOSSES CAN CUT YOUR TAXES Millions of us have taken both losses and gains on our stocks during this year of violently fluctuating stock prices. The pain of the tens of billions of dollars of losses actually : taken can be eased if you know how to use your losses to save on your income tax. The amount of taxes owed on the gains also can he minimized by appropriate actions now that the market has quieted at price levels below the historic tops reached in late 1961-early 1962 and above the lows hit in May-June. Usually, this sort of tax advice is given in late fall and selling of stocks for tax purposes is concentrated in the final weeks of the year. But not in 1962. Shrewd brokers and tax accountants already are actively shifting the stock portfolios of their clients lo achieve maximum tax savings. What the experts are doing you can do too. First, a brief summary of the key rules. If in 1962 you sell a stock you held more than six months at a profit, you have a long-term capital gain, which will be taxed at no more than a rate of 25 per cent. If you sell a slock you held six months or less at a profit, you have a short-term capital gain, which will be fully taxable at the regular rates applying lo your ordinary income. If you sell stock at a loss, you can use the loss to offset capital gains, and there is no limit on the amount of offsetting except that short-term losses must first be used to offset short-term gains, and long-term losses must be used to offset long-term gains. You also can deduct up to SI, 000 of any excess of loss over your capital gains against your ordinary income and can "carry forward'' your excess losses to offset your future capital gains and up to $1,000 of ordinary income in each year through 1967. Now to be specific. If you look only losses this year, long or short-term: You can use up to $1,000 of the loss as a deduction from your ordinary income in 1962 and thereby save hundreds of dol lars in taxes you'll owe for this year-the exact amount de pending on the size of your.1962 income. Assume your losses total $10,000. After deducting 51,000 from your ordinary in come on your next tax return, you'll have $9,000 of loss left. In 1963 you can use this to offset any capital gains you take next year and, above those Rains, deduct up to $1,000 from your ordinary income in 1963. You can repeat the process in 1964, 1965 and 1967, after which any loss left will be of no tax value to you. During these months before 1962 ends, you well might consider building up losses for future use. Or you might decide to take any short-term profits which develop, for you'll have these losses to offset them. If you look only short-term gains this year: Those gains, remember, are fully taxable at the regular rates applying to to your ordinary income. Perhaps you have paper losses on stocks you still own. You might consider taking them by selling to offset your fully taxable short-term gains. Later you can re-instate your stock investment if you wish; your broker will assist you on this. If you took long-term gains and shorl-term losses this spring: You'll be taxed on your long-term gains at no more than the 25 per cent rate. But it may be that as a result of the recent stock market recovery, you now have short-term gains in stocks you still own. You might take those gains to offset your short-term losses. You'll still have lo pay no more than 25 per cent on your long-term gains. If you took both long-term and short-term gains but still have losses on stocks you bought less than six months ago: Taking these losses to balance against your short-term gains will save on taxes you'll owe at the rate applying to your ordinary income. There are many more variations, of course, but these un derline how important the right tax advice and the proper re-arranging of your stock portfolio can be. This year of all years don't wait until the last weeks of 1962 to talk tax strategy with your stock broker or account ant. Discuss your position with the advisers you trust now, ask now what steps it might be wise for you to take before the end of this calendar year. J u 3 M i TOP QUALITY MEAT U.S.D.A. GOOD GRADE RBB STEAKS VALUABLE COUPON effective thru 82962 SNOWDRIFT SHORTENING 3-LB, TIN WITHOUT COUPON WITH THIS COUPON (LIMIT ONE PER FAMILY) 59c Trimmed Real Close CONTEMPORARY LOWBOY The STOCKTON i Mark Series 212-G-82-M " 560 sq. in. piclure RCA VICTOR JkurViAta. COLOR TV e High Fidelity Color Tube With Glare-proof Safety Glass Super-Powerful "New Vista' Tuner 2-speakr "GolS(f) Throat" 5ounrJ RCA Victor COLOR TV PRICES START AT $495 Convenient Terms JOHNSTON STORES 112 SOUTH RIVERSIDE Mermg Seen te the Medford ihepptne Center I P" U.S.D.A. GOOD GRADE CHUCK ROAST All Cuts VALUABLE COUPON effective thru 82962 ARDEN'S MELLORINE l2 Gallon WITHOUT COUPON WITH THIS COUPON (LIMIT ONE PER FAMILY) 39c MIDWAY MEAT CO. 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I WESTGATE BAKERY LARGE APPLE TURNOVERS Crisp Flaky, 1 fC EACH V ASSORTEO CUPCAKES -49c OLD SOUTHERN FLAVOR PECAN PIES - 59' NUT LIKE TASTE TRAIL BREAD 29' Wi Festurs Whipped Craam Blrthdsy Clkti With Ysur Fivsrits Filling on Ordtr WESTGATE VARIETY ONLY MEN'S VHITE SHIRTS Wash 'n Wr-lon8 Sleeves-Reg. 3.98.. STENO BOOKS p .39 $298 25c Theme Books 49' Regular 69c Filler Paper 3 Hole Reg. 29c 3 Hole 1 Oc Pencil Tablets 25c Reg. 39c Prices Effective Through Wednesday O We Reserve the Right to Limit Quantities MEDFORD Wesrgate Center MEDFORD 13th and Central ASHLAND Gateway Shop. Cntr. El V if 1 A
