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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Feb. 1, 1960)
HERALD AND NEWS. Klamath Falls. Ore Monclav, February 1. lflfiO PAGF Ff-'R Bulls Arrive At Red Bluff RED BLUFF The first consign . mcnt to the famous Red Bluif ' Bull Sale is in the barns today . and leads a parade of close to ouu iteo tsiun lype duiis, scnea uled to be auctioned here Febru ary 4-6. T.ln..nn UnrnrJ I.. II.. n.nrl by Covey and Dayton, Cokeville. ...Wyoming, were the first to arrive on the sale site of the Tehama County Fairgrounds, according' to manager Don M. Smith. Other early arrivals include Hereford consignors Jensen Bro ,. thcrs, Logan, Sherman Stuart, . Salt Lake City, Utah; Herbert Chandler, Baker, Oregon; and , Ruby Mt. Herefords of Elko, Ne vada. The Shorthorn consignment includes Max Cardey, Arlington, California and Bcckley and Kil- . lingsworlh, Benge; Leonard Short horn Ranch, Pomeroy; Lloyd Bush and Son. Pullman and flrpif Stnok Tarm, Uniontown, Washington. The Island Acres Ranch of Portland is also on hand with five Angus bulls. , Sale events get underway Wed nesday, February 3, with the in spection and judging of loose pen lots of Hereford bulls and Short horn nil Is. and a dinnpr mrptinr that night of consignors, commer cial operators and research men scheduled for 7 p.m. . Polled and horned Hereford bulls will be graded on Thursday inorn 'ine and that evenino's Hnsnitalitv . Night, sponsored by the cham ber of commerce, will feature a buffet dinner, refreshments, danc in? and entertainment. Fred Dressier, Minden, Nevada, and first vice president of the American National Livestock Assc- ' ciation will be honored at an in formal banquet Friday night at ' the fairgrounds. "Cattlemen of the Year," Charles F. Stover, California, the " Marshall brothers of Klamath raus, uregon, Koy xoung oi tiKO, Nevada, and John Pcth, Bow, Washington, will also be given awards. PLANK TURNS BACK LONDON (UP1) Trouble in one engine Sunday forced a Trans Canada airliner with 74 persons aboard to turn back to London airport from 750 miles out over the Atlantic. The big plane, en route to Montreal, landed without .incident while emergency equip ment stood by. w - . -IS .te .. .: ii- ; - y&Ut .;'i,'S; ''--. PAPERS WERE SIGNED this weekend, transferring ownership of the Big Y Market, 4710 South Sixth Street, from Ronald E. Phair, seated, to three men who have been his asso ciates in the business. New owners are shown, standing, from left to right, Jack Hallmark, Dick Howard, each of whom has been with Phair for 10 years; and W, C. Clark, with the Big Y for the last four years. No change In name, .personnel or policy is contemplated at this time. The uptown Big Y Market on Seventh and Plte was not included in the sale and Phair said his plans for that property will be announced later In February. Indonesia Asks Death Penalty JAKARTA, Indonesia (UPD- The prosecution demanded the death sentence today for Allen L. Pope, of Homestead, Fla., who is being tried on charges of flying bombing missions for the Indone sian rebels. The demand was presented to the court martial trying the 34- year-old soldier of fortune at its 12th session. Pope was captured May 18, 1958. when his twin-engined B-2G bomber was shot down by Indo nesian anti-aircraft guns. The trial began on Dec. 28. BREAK SMUGGLING RING MAHWAH, N.J. (UPI) - The FBI announced that f e d e r agents who had posed as workers at the Ford Motor Co. assembly plant here arrested six employes during the weekend on charges of smuggling at least $30,000 worth of auto parts out of the plant. Defense Chief Facing Quiz WASHINGTON (UPD-Defense Secretary Thomas S. Gates Jr. faced questioning today on reports that intelligence experts have modified estimates on which he based an appraisal of U.S. mili tary needs. Gates and Gen. Nathan F. Twin ing, chairman of the Joint Chiefs of Staff, were scheduled to testify before the Senate Military Ap propriations subcommittee. One of Gales' sharpest critics, Seri. Stuart Symington (D-Mo.), may sit in on Uhe hearing. The reports of revised intelli gence estimates began to circulate last Friday after Central Intelli gence Director Allen W. Dulles briefed the combined Senate Space Committee and Prepared ness subcommittee. Sen. Henry M. Jackson D- Wash.) said that the briefing dis closed a substantial change in the estimates which Gates had been using to paint a rosy pic ture of U.S. defenses. was esti- From other sources it learned that the modified mates, in part at least, upgraded the accuracy of Russian missiles. The revisions were said to have been based on new information. In a filmed TV-interview with Sen. Prescott Bush (R-Conn.) made public Sunday, Gates said Russia's advantage in missiles would be greatest about KHi2 "aft er which the numbers will close.' Your Income Tax hformation Primer By ItlCIIXKl) A. Mll.l.KNS Wrllliii for Nt'A Service Kxpcrts have recently told a congressional tax committee that an estimated 3.5 billion dollars of, interest income each year is not reported on tax returns. Most of this interest is earned on savings accounts in banks . and build ing and loan associations. The amounts arc often small and eas ily overlooked when filling out a tax return. You can bet that the Internal Revenue doesn't like this loss ol revenue and will be checking closely to see that interest is prop erly reported. This article of the Primer will give you tips on how to report interest income, and income from salaries, wages, and dividends. If your employer withheld in come tax on the wages paid you in 1H59, he must furnish you with a statement Form V-2 showing the total wages lie paid you and the taxes withheld during the year. It is easy to copy this informa tion on your tax returns. Remem ber to attach one copy of the Form W-2 to the return. If you lose the Form W-2, don't think this gives you an excuse for not reporting the income shown there on. Ask your employer for a dupli cate copy of the form. Wages which are not subject to withholding, such as tips from cus- tamers, or amounts received as a domestic servant or casual la uorer, siiouia Be reported on a separate line of the return oppo site each employer's name. If you worked for more than one employer during 195!), there is good chance that Social Security iF.I.C.A.) tax of more than $120 was withheld from your salary. If so, you are entitled to claim the excess over $120 as additional income tax withheld. The important thing to remem ber about dividend income is that the first $50 of taxable dividends received by each individual is ex cluded from income. In community property stales, a married couple can exclude dividends of $1U0 re gardless of in whose name the slock is held. In non community property slates, the $10 exclusion applies separately to the individual divi dends of husband and wife. This means that it all the stock is owned by the husband, the wife cannot claim any part of the ex clusion. Dividends on slock held in both names are divided equally n computing the exclusion. If the dividends exceed the ex lusion, you may also be entitled lo a dividends received credit. Un like the exclusion, this credit can not be claimed on Form liHOA. o do not use Ihis form if vour dividends exceed the exclusion. The easiest way to compute the credit is to use Schedule J ol Form 1040. being careful to follow the directions on each line The new Form iihuw does not have a schedule to help compute the credit but it does have linp lMcl on page 1 where the credit may be deducted. Remember that the dividend exclusion or credit does not apply to dividends from foreign corporations, including Ca nadian companies, or from anv nulual savings hanks or building and loan associations. These divi dends must be included in full in your income. Each of the three tax returns has a place for reporting taxable interest. Most interest is taxable. However, interest on bonds or se curities issued by a state or local guvcrnment is tax-free and need not be reported on your return. You must report interest earned on savings or deposit accounts with banks or building and loan MORE BOMB THREATS NEW YORK (UPI) - A tele phoned bomb threat Sunday caused Trans World Airlines to call back two Constellations carry ing 117 passengers. The planes, one bound for Wash ington and Denver, the oilier for Boston, took off just a few min utes before a woman with a heavy German accent phoned to say "there is a bomb on one of your planes." They were searched, and took off again an hour later. Elsie's Beauty Shop Formerly at 809 E. Main HAS MOVED TO 2059 VINE ST, Just across the street from the former address. Elsie welcomes her friends and customers to see her at her now shop or call TU 4-6225 for appointment. associations when it is credited to your account even though it has not been entered in your depdsit nook. Before completing your tax return, it is a good idea lu have your deposit book brought up-to-date so that you can report all in terest earned in 1959. Most taxpayers do not report interest on U.S. savings bonds as it is earned. This is all right, but it means that all interest on the hond must be reported when the bond is cashed. fflCEjg: m m mmm m -m i m nun i for carefree casseroles! ATTENTION LADIES! We are now forming a HOUSEWIFE'S LEAGUE to bowl THURSDAYS -1 P.M. you don't have to know how to bowl - we'll teach you! FREE INSTRUCTIONS for beginners by Ralph Barnett Thursday, Feb. 4th For Further Information Call 4-5245 LUCKY LANES 3319 So. 6th MATERNITY FASHIONS SKIRTS TOPS DRESSES CAPRI PANTS PEDAL PUSHERS LINGERIE A Fine Selection At Very Low Prices Jl A A WOHIIItgi ttali 11 REDDY" & "HAPPY" D0 IT AGAIN!! Take advantage . . . NOW ... of the greatest opportunity to save on high quality G-E Ranges and Water Heaters! It's the time of year "Reddy" and "Happy" get together . . . and when they do ... YOU SAVE REAL MONEY ! ! Here's Two Big "Bonus - Buys" For You I ! 7 r BARGAIN BASEMENT SPECIALS!! Automatic Washers (2) G-E Auto. Washers Reg. 87.77 Less Hapco-aiied "Deliver-it-yourself" Allowance 2 YOU PAY ONLY 67.77 (5) Maytag Auto. Washers Reg. 97.77 Less Hapeo-Sizea "Deliver-it-yourself" Allowance1 -20.00 YOU PAY ONLY 77.77 (2) Hotpoint Auto. Washers Reg. 87.77 Less Hapco-Siied "Deliver-it-yourself" Allowance 20.00 67.77 YOU PAY ONLY (2) GE Auto. Woshers Reg. 77.77 ..Less Hopco-Siied "Deliver-it-yourself" Allowance 20.00 57.77 YOU PAY ONLY (2) Serrel Gas Refrigerators 87.77 (1) Westinghouse Refrigerator 27.77 (1) Frigidaire Refrigerator '. 87.77 (1) G.E. Refrigerator 57.77 (1) Coldspot Refrigerator 47.77 (1) Kenmore Range 57.77 (1) Westinghouse Range 67.77 MANY. MANY MORE ITEMS TO CHOOSE FROM ... RANGES, REFRIGERATORS, DRYERS, TV's! I SSJ :L ASY SETAUTOMATIC OVEN TIMER at foiy ( t1 an alarm tla. Jt ti t itaH ceetiftg an tap l op ceet ing baltam 4rf. Stpa'tft Minwtt Timtt. REMOVAKE OVEN OOOR Ml off tw aiy-rack cltarlfQ,, t in baci- Waifc daef at t-l. Doer il.pt bock a ai'ly. UtU fn ploc. FOCUSED HEAT BROILER far (ka'caal lypi baili9. Cwfd rP tutor dr(H rodst htat right n foed. Fully tlai4 bt4 M tanly rimevtd. tf wathobU. G-E 30-inch AUTOMATIC RANGE A range as easy to clean as your sink! The Oven door lifts off, lets you get up close for easy access to every corner of the oven! Auto matic oven tinier, push-button con trols, "no-drip" cook-top, and Cal rod units throughout! Reg. Price .... 209.95 40oo 2Qoo 95 Less Hapco-Sixcd Trade-In Less Reddy-Sixcd Bonus As. YOU PAY ONLY 149 V I Automatic Electric WATER HEATER a Safe! Clean! Easy to install! Economical and dependable! Big 52 gallon capacity. Priced lower than ever ... yet packed with deluxe features. Yours with a 10 year warranty. Reg. Price 99.95 ;...r 2000. 20' Less Hapco-Stxed Avg; Trade-In Less Reddy-Sixed Bonus ,00 YOU PAY ONLY . . 1. Heat-Wrap Calrod units are not subject to corrosive water action, have longer life. 2. Heat-Trap prevents wasteful circulation of hot water in house pipes, holds hot water in tank. S995 REMEMBER... We have complete service facilities for all G-E Appliances and all makes of TV. (Credit, gladly). 111. ic Remember -We Do Take Trades You'll Always Find Better Buys At HOME APPLIANCES 1001 Main 7 o ioj ir VrnPE HOURS: 8:30 A.M. to 5:30 P.M. Ph. TU 4-8183 TERMS? Of course . . . Hapco has about the easiest terms available! Only $10 down delivers practically anything in the store. You pay small payments of as low as $7.00 per rr)onth. (Your trade in will usually make tht down payment!) And remember ... we DO have a protected buying plan!
