davidaulloa/AmericanStories huggingface dataset:
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1962-06-01
ADULTS

A Room Full of Roses, Blood, Sweat and Stanley Poole,
Born Yesterday, Dark at the Top Of the Stairs, Grand Prize,
Horse Eats Hat, Lii Abner, Most Happy Fella, Paint Your
Wagon, Roman Candle, Room Service, See How They Run,
The Little Foxes, The Plays the Thing, Three Men on a
Horse, Who Was That Lady Saw You With?, Yes My Darling
Daughter.
Evening star., 1962-08-03
HOUSES UEFURR. 70 RENT
f(AAfvtkufURN

VIENNA. vA.-i-yr.-old brick b.
level Colonial. 4 bedrms.. 8 full
baths. mod. equip. kit. pan. rec
rm. $500 It. of living area, ~
acre wooded lot nr. sc 90 s,
churches. shopping. Owner trans
Swimming club membership. S225
mo. Avail. Is Aug. WE. S-2776
Evening star., 1962-08-03

1925 Del Ray Ave. OIL. $500
BETHESDA = Beaut., very immac.
brick rambler on A-acre lot near
shopping center and bus. 3 bed
rms. (space for 4th), 2ls baths.
handsome rec. rmA, firepl., mod.
table-space kit. S2S,950.
ANDRIS RLTY., OIL. 2-9070 TIL
Evening star., 1962-08-03
HuUsES FOR SALE-MD.
PRINCE GEORGES COUNTY
tCONTlNuEcl


ANDREWS AREA
PARK-LeavinR area
Anxious TO sell like new bricl
rambler, 3 bedrms-. 2Is baths
firepl. in liV. I'm. sep. din. I'm
modern kit. family rm. with elid.
ing glass doors. Wall-to-VAll car
pet and drapes. Level = acre. AL
city utls. OWNER. CH. s-42sS
ANDREWS AREA-Oxon Hill. I'm
mac, all brick. 3 bdrn. rambler
CaTport. many extras. Ice. lot
Owner will finance. low On. pay
ment. OWNER, 10. 7-4423.
Evening star., 1962-08-03
HOUSES FOR SALE-MU.
MONTGOMERY COUNTY

SILVER SPRING 2-BEDRM
BRICK RAMBLER. Pull bsmt.. OF
kit, close TO schools and trans
portation- Sl4.50O. Call 949-730O
It'll $50.
HUGH T. PECK, Realtor
LIST WITH Us FOR RESULTS
SILVER SPRING, Carroll Knobs
rms. and bath. separate din. mn.
table-spaee kit. lge. liV. rm.,
firepl., tuIl bsmt., toilet. beautiful
rec. I'm. Owner bought another
home. VIII sell below FHA ap-
praissl. Make offer. WOODSIDE
REALTY CO. JU. 9-6440 I'll
Evening star., 1962-08-03
BUREAU OF STANDARDS AREA

New offering of an excel. detached
frame home at a low, low reduced
price for immed. sale. Huge liv.
and din. rms, excel. kit, 1st-floor
powder rm. and 3 bedrms. and
tiled bath, Beaut. lot and detached
garage, full bSmt., modern gas
heat. Close TO bus. schools, shop
pins and every convenience. Priced
at only S22,950. Call our uptown
office till Q pm. KE. 7-1SOO.
Evening star., 1962-08-03

MASS. AVE. AREA-Unioue 3-bed.
rm. brick rambler featuring 24-ft
master. bedrm. opening on beauti.
ful brick terrace, 3S-ft. liv. rm
with. fireplace, combination kit
family rm., Florida rm., full bsmt
has rec. rm. with fireplace. Deer
WOO Toodsd yard, $34 ;95o; KoRzEN'
Evening star., 1962-08-03

NORTHWOOD HIGH AREA
ASSUME Az % LOAN
Kemp Mill Estates roomy bed
rms, ga baths. modern living
rm. with fireplace. Gear carport
800. Call 949-2S60.
SUBURBAN PROPERTIES MGT.
Mr.. NEW HOLY CROSS HOSPITAL
featuring a spacious family rm.-
library combination. REDUCED to
S25. 900.
HUGH T. PECK. REALroR
1885 New Hamp. Ave, HE. 4-1700
OLNEY-Lovely all-brick antique
white Colonial. with bedrms.,
separate dining rm. with fire
place, quaint kitchen and spacious
A-acre lot. Early American decor.
Hn1r
Evening star., 1962-08-03
HOUSES FOR SAtE-MB.
MONTGOMERY COUNTY
IcokrIHuspl

BETHESDA, NEW LISTING! In the
beautiful Landon School area.
Handsome Dutch Colonial High
elevation, excellent view. Spacious
center-hAl plan with very large
rooms. Den and laVatory on Ist
floor. 4 twin-Sized bedrooms. .
baths on 2nd floor. Rec. room and
powder room IN out-of-ground
sss.9sdl esH Franz FIn;RoIse 81 PaIfIIPs. ssnclIiPs
INC; DL 7-l4ll. Ewes. Wo.
Evening star., 1962-08-03

81, 200 down and assume first
trust. 4-beoTm., 2-bath brick Cape
Cod with finished rec. rm. and
loads Of extras. Quick possession
and no red tape.
PRINCE GEORGES REALTY co.
THE HOUSE OF HOMES
Evening star., 1962-08-03
HOWARD co

NEW LIsTING-Just S2l,95o will
buy this 4-bedrm. brk. split foyer
with features too numerous 10
mention in HOWARD COUNTY'S
FINEST section. Call Harriet
Thomas. Atlas 6-2522 dial 3Ol),
r. P. HENDERSON q CO., KE.
1-5111 dial 301J.
Evening star., 1962-08-03

CARROLLTON-3 bdrms., 1 y baths
rec. rm.. $1,000 dn., assume loan
6602 Lamont DIR. 474-3753.
CARROLLTON-cape Cod, by OWN.
ER. Fenced wooded lot. Assume
exist existing financing Easy settle
Evening star., 1962-08-03
mI@ggn

ANDREws-BoLLING AREA. OWN
ER. 2llO Keating ST. HillcreSt Hts.
-Attrae. rambler in prime neigh
borhood nr. everything. Only minS
from D. C.. Pent. Q very lge. rms,
2 f.p.. Ia baths, rec. rm.. walk
out bsmt., gar, fenced I'd. lge. at
tic fan. Like new. Assume lge
FHA in-Syee. mtge. (5i4Ss). S23.-
975. 5f7-25S0.
Evening star., 1962-08-03
HOUSES FOR SALE-MD.

CARROLL CO.-cape Cod home, S
rms. and bath. oil heat, sen,
apartment on premises now rent
ing for $50 mo. 25 minis. drive
from acc. Price. S17,500. Cal
Evening star., 1962-08-03

CHEVERLY

Assume GI loan with S95 total
monthly payment on this neat,
clean 3-bedrm. rambler with full
rec; type bsmt. and many extras.
Only Sl6 $50.
Evening star., 1962-08-03

SILVER sPRNG-wHAT A WON.
DERFUL PLACE TO LIVE. Fine
brick Colonial in close-in loca-
ton. Modern built-in kit, sepa-
rate din. nm, lovely recreation
Im;, wooded lot. 5000 down
c. P. FLETCHER. Realtor
Evening star., 1962-08-03
PALMER PARK

NEW LISTING-S60O down iuclud.
ing settlement charges, 500 per
mo. PAYS all. Immaculate 3-bed-
I'M. Colonial on Anchor-fenced lot,
close to schools. shopping and
transp. Call now 70 see.
The SAFEST THING ON EARTH
Evening star., 1962-08-03
CAPITAL
REALTY CO.
Realtors 474-11oQ

'LOVERLY" brick rambler-Hug0
liy. rm.. sep. din. rm.. pa baths.
all-elec. kit. plus huge Sc. porch
ana built-in gar. Only S27. 500.
KEN DRUSKIN, Resitor. HE. 9-2400,
RIVER RIDGE = 3-bedrm. brick
rambler, > baths. firepl.. equip Z
kit. full bsmt.. tiled floor. openl
= to = Fri. and Sat. 20 SUM
. 4Ipg T5hsnn ~ nISRTGp
Evening star., 1962-08-03
HOUSES FOR StLE-Mu.
MONTGOMERY COUNTY

FOUR CoRNERS-Nev brk. ram
bier. 2 baths. firepl., sep. din. rm.
caTport. unbelievable st $4,000
FHA or GI. r. N. LEVY. e49-
Evening star., 1962-08-03

MAGIC NUMBER is e = 50, 900
price reduction and only $4,000
down to assume GI loan on this
huge 3-bedrm.. ~ bath split
level with recreation room, huge
equipped kitchen and dining room
plus q sub-basement, only blk.
to school and it's VACANT. S27,-
$50. JAS G.. CONLEY CO.. JU. O.
4134. 'Realtor-Your Measure Of
Evening star., 1962-08-03

LIKE NEW-owners must sell i'm.
nscIlate Sa brick split this week
kitchen and sep. breakfast nook
Family room with fireplace. Gus.
tom fencing for privacy and many
extras. Close to schools, shop.
and bus at door. FLA or assume
$1,000 loan. S22,950. JAS. c
CoNLEY CO. JU. 9-4134. Real
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
YOUR MONEYS WORTH
IndustriuIist-
A Short Profile

What sort Of men head
Americas 500 largest corpora
tons, which in 1861 chalkec
up sales totaling 5000 billionI
These 500 accounted for more
than half the sales and over
10 per cent Of the profits of
all United States manufacturing
and mining companies. What
are the ages, educations, back
grounds of the men who guide
a group of companies which in
one year produce more than the
output of many nations?
Asre's 9 profile of this in
ousLrlalist.
Hes between so and SO years
Of age. ana if he's president he
didn't get his position until he
was over so.
He has held his present job
for five years or less and he
rose through the executive
ranks via manufacturing or
marketing or by the engineer
ing and scientific routes.
College Degree Vital
He has at least a bachelors
degree. most likely obtained
from a college or university in
the East-with Yale, Princeton,
Harvard. Cornell and M. I. T
heading the list.
He has worked for only one
to two companies. 1t is the
rare exception if he has
switched jobs frequently.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
AMERICAN STOCK EXCHANGE
Sales High Low 2:oo Chg.

Furnished INCLUDES ISSUES
CsymbOs EXPLAINED Following New
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
MeIpur Gets
$24MiIIion
Subcontruct

A S24 million subcontract for
Minuteman missile components
has been awarded to Melpar
Inc. Of Falls Church, Va, Pres
ident Edward M. Bostick an
nounced today.
1t is believed to be the largest
single subcontract ever award
ed by Autonetics, a division OF
North American Aviation, ac-
cording to DR.. N. F. Parker
AutoneticS operations executive
vice president.
Melpar will manufacture high
reliability circuit boards for the
1CBM which is scheduled to
become operational the latter
part of this year.
The Falls Church electronicS
firm has been delivering the
boards to AutoneticS the last
several months after its selec-
ton as an additional source
for the boards by AutoneticS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24

THE EVENING STAR
Washington, D. c. P.,esnAee Ck~.L. ALL
TUesd0y, July H. 1862 SOSIISSST StOSNS kt+
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
VEPC0 Profits
Increase 1917
In months

A 1914 per cent increase in
earnings for the past year was
reported today by Virginia
Electric and Power Company.
Earnings in the IL months
ended June 80 were $2.22 a
share compared with S1.86 IN
the previous year. Both figures
are based on 14,910,000 out
standing shares.
Operating revenues totaled
$50. 100000 and net income,
$35, 966,000 during the current
year just ended. Comparable
figures for the previous fiscal
year were $165, $4,000 and
$50, 900. respectively. For
June they were $14,592 900 and
$2,6O3, 900, respectively.
VEPCO gained 10000 GUS
toners during the past IL
monthS-26.000 electric and
1000 gas, President A. H. Nc
Dowell, jr.. said
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
Washington Gas
Light Co. Sets
Sales Records

Sales Of Washington Gas
Light Co. in both June and
the first six months of this
year set new records for those
periods, the company reported
yesterday.
June sales Of 20,9443ll
therms were up 81 per cent
from 19.816,227 therms in June
last year.
Six months sales of $50 .283. =
443 therms were up 81 per cent
from 342,674,992 thermS a year
ago.
The company had 4l3,865
meters on June 30, compared
with 400, $50 on the same 1861
date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
Military Contracts
Handbook Published

A new sourcebook dealing
with how and where to get re-
search, development and other
technical contracts with the
military services viii be pub
lished by Callahan Publications
of Washington.
Information on what various
military installations are about
to contract for and where, plus
organization CHI arts showing
whom to see about getting con-
tracts are included in the 200
page Military Research Hand
book.
The book is edited by VIM
cent F. Callahan, jr.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
: BY SYLVIA PORTER

He holds one or more direc-
torShips in other corporations
indicating he has influence out
side his own company.
This is a summary of the
major characteristics of the
presidents of 453 of the 50C
largest corporations ranked by
Fortune Magazine. The study
was made by Heidrick & Strug-
giles, one of the biggest and old
est executive recruiting firms
and is, says HIS, the frs
study of its kind. The study
disclosed that the men were
very much of a pattern.
A first key point is their ed
ucation. OF the presidents, "A
per cent have at least a bach
elor's degree, and of those who
are presidents of companies
with sales of a half billion OF
more 81 per cent have at least
this college degree.
A second significant point is
the similarity between the
routes they took to the pinnacle
manufacturing, marketing,
engineering or science.
Stick to Last
A third point is the immo-
bility the men show. Forty
one per cent of the presidents
have worked for only one COM
pany, another % per cent have
worked for only two. Even TAX
ing nepotiSm into conSidera-
ton, this is a surprising find
ing, for at the other end OF
the scale the proportion who
have jumped around worked
for seven or more companies -
is 4 per cent.
Finally, a point which stands
out is the relatively short time
the men remain at the peak
Only one in five stays in this
office more than 10 years. and
among the biggest 100 only one
in nine stays in this office
more than 10 years.
The explanation is simple
in the complex industrial COM
panies there usually are "a
number of promotable mer
down the line" and when the
president reaches his COS, 9
younger $3.50 takes his spot.
It's only a SHELTON profile
but there are valuable lessons
in it for the young and am
bilious businessman. That col
lege education is imperative
and the specialties are clearly
indicated. Once you have
training. find your company
early, plan to stay with it and
work up through the ranks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
PEOPLE
BUSINESS

A. G. Hillberg, jr., head of
the naval amphibious warfare
section under the Chief of Ma
val Operations here the last
four-and-a-half years, has
been appointed administrative
services manager of the J. 1.
Case Co.. Racine, Wis. A o.
year veteran of Naval service,
Mr.. Hillberg recently retired
with the rank of commander.
Michael KOmich of New
Deal, N. j. has been named
customer requirements repre-
sentative in the Washington
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24

District Office of Space Tech
nology Laboratories.
Phillip J. Pierz, special agent
here for Northwestern Mutual
Life Insurance Co., was cited
yesterday as one of the top
leaders for his firm for the
year ended May 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
Highs to Open
Store Thursday

Highs Dairy Products Corp.
will open a new retail store
Thursday at 5435-7 Macarthur
boulevard NV.
The newest in Highs net
work of neighborhood outlets
will observe the hours of the
other stores. 9 am. to IL pm
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
METALS

NEW YORK, July "a (AP).-spot
nonferrous metal prices today: Copper,
81 cents pound, Connecticut Valley,
zne. 'e cents DG poS6d Ne E., YOsk
Louis. Tin, LII q pound. New York.
Foreign silver, l.04h per troy ounce,
New York. Pittsburgh scrap steel No.
/ heavy was quoted by Iron Age at
The Sidney herald., 1962-02-07
Crop Diversion
Signup Opens

Montana producers of wheat,
barley aud corn can become ELI
gible TO participate in the program
DO reduce acreageS of these crops
this year only if they sign an in
tenion to participate, r. j. Nc
kenna, Bozeman, chairman of the
State Agriculture Stabi.izsticn aid
Conservation Committee, said this
week.
McKenna pointed out that the
Sprug Sign-up period for the
Wheat SbaoihzatiOn Program and
Dor the feed grain program, which
includes boh barley and corn,
opensd February 8 at all county
Asses offices.
McKerna emphasized that al
though participation in beth pro-
grams is completely voluntary, a
producer VINO intends 10 take
pert must sign an application TO
participate, there is no puualty
excepting that a producer VINO has
received ar advance payment
must repay it with interest.
Farmers VINO agree to partici-
pate and actually meet the pro-
visions of the program will earn
payments for each acre diverted
arom production and will be en-
titled 10 price support on each
commodity for which an acreage
reduction is made. There is no
limitation ON the quantity of
wheas eligible for price support,
out ON Darcy and corn Gully the
normal production of the acreage
harvested is eligible. Farmers VINO
want TO take part in the Wheat
Sterilization program must re-
dUce their acreage 10 percent be-
low their usual allotted acreage.
This reduction has already bsell
taken into account in the deter
minaion OF 1867 allotmenltS SC
ulat allotment notices do not in
Guide une 10 percent minimum
eligible for diversion. Barley and
corn producers must reduce acre
ages at least 20 percent below
AI~lr farm BASES in order 10 be
eligible for payment and price
yurDoIL under Uae program.
McKenna pointed out that de-
tails OF these diversion programs
are available at all county Asses
o1riceS, but he emphasized agail
that only those farmers who sig
attentions to participate may take
part in the program.
The Sidney herald., 1962-02-07
MRS. ROSE TROTTER
RETURNS FROM ST. JOE, MO.

Mrs. Rose TrOtter returned last
week from st. Joe, Missouri,
where she had just arrived fer a
visit when informed of the death
of her son-in-Iaw, the late Gov.
Don Nutter. Mrs. Trotter returned
immediately, accompanied by her
cousin, Mrs. Susie Greer.
This week Mrs. Trotter and
Mrs. Greer are staying with the
jeff Green children in WiIliSton,
while their mother is under hos
pital care in Heloua. Mrs. Green
Mas staken ill upon her arrival
n Helena to be with her sister,
-Mrs. NuLter, and was taken to
the hospital there, where she I'M
derwS,rC major surgery. She is
getting along very satisfactorily
ard hopes TO be able to return
.yOme soon.
The Sidney herald., 1962-02-07
Power CITY

Everyone was sorry to hear that
Wanda Joan Buxbaum was hurt
last week when she was struck by
a car. We wish her a speedy re-
covery.
Sunday dinner guests at the
Geo. Scheetz home were Fred
Scheetz and the r. Hamburg fam
lily.
Mrs. Henry Scheetz and son
Elmer and MIR. and Mrs. Donald
Bonner and son Donald left last
Tuesday on a trip to Tocoma,
Wash, to visit the Scheetz's daugh-
ter and family, Mr.. and Mrs.
Bernard Bonner. They are also
visiting in Billings at the Ray
KolStad home.
Mr.. and Mrs. c.. G.. Schmidt of
Fallon visited at the John Schmidt
and Henry Hamburg homes last
week, from Monday TO Wednesday
The Sidney herald., 1962-02-07
1852 SIGN-UP
PERIOD OPENS

With the sfgnup for the 1862
Wheat Sterilization and Feed
Grain programs now under way,
Chairman Arthur r. Anderson OF
the County Agricultural Stabili-
zation and Conservation committee
reminded farmers this week that
they may also siguup now for
coSt%haring under the Agricul-
tural Conservation program.
SignUp for all three programs
is being conducted at the County
Agricultural Sterilization and Con-
SeTvation Service office in Sidney.
The chairman pointed out that
the 1862 ACProgram is substan-
ITALY the same as the cost-sharing
program for 1861. Assistance is
available 10 farmers and ranchers
20 Install a wide variety of need
go practices for the conservation
OF soil, water, forest and Wildlife
resources.
Ine chairman also pointed out
that the 1862 ACProgram viii in
clude a special cover crop a
tce designed TO assist grain pro-
dl0cerS who are planning TO par
ucipate in the 1862 wheat and
iced grain diversion programs.
This practice, he explained, viii
provide for the use of certain
small grains as cover crops on
cultivated ACREAGE where there is
danger Of erosion due TO double
summer 1aL1OwLilg or lack of nat
ural protective cover. He said that
the practice is expected 30 be es-
peclaAy useful in those instances
where land designated as diverted
from wheat, barley or corn re-
qulreS protection from erosion.
MIR Anderson urged all pro-
ducerS planning to request cost
sharing assistance for conServa-
TIC work this year to make their
requests to the County Asses Of
ice as soon as possible. he ex-
planned that early application will
permat the county committee To
consider requests and to make re-
ferralS 30 the Soil Conservation
Service and State Forest Service
bor determinations of need and
peohnlcal assistance.
The chairman also reminded
producers THAT coSt-sharing may
not be approved for any practics
which is begun pricr to filing O,
a request for assistance. He also
pointed out, in connection with
other programs for which signur
Is now being conducted, that par.
uclpatlon in either the wneal
Sterilization or the 1862 feed grair
program rs limited to those pro.
ducerS who voluntarily sign dec.
LaralonS of ar intention TO partici.
pete. This applies also to pro.
dllcerS who intend TO take par
III the durum increase or mallin,
barley exemption phases of th,
1862 programs.
Additional information in con
necuon with amy OF these pro
grams Is available at the Count,
Asses office.
The Sidney herald., 1962-02-07
MRS. CHESTER N
VISITS AT HOMES
IN BILLINGS

Mrs. Chester Johnson returned
Wednesday evening from Billings,
Where she visited at the homes of
her children. She was with her
daughter and her husband, Mr..
S,ld Mrs. w. o. Straw TO welcome
and help care for a BABY girl
Dorn January %. She also visited
her son John TollackSon and at
the home of her son and his wife,
Mr.. uDd Mrs. Paul Tollackson.
Mrs. Johnson made tine trip to
Billings with Mr.. and Mrs. Virgil
Stedman of WilliSton, vino visited
at Une home of their daughter and
her husband, the Paul Tollack-
sens. A sen, Onarles Stedman,
flew from Denver for an overnight
visit with his parents at his sis
ter'S home.
The Sidney herald., 1962-02-07
Final Rites To
Be Held Thursday
For Mary Gu|braa

Funeral services for Mrs. Mary
Guloraa, widow of John Gulbraa
of the Shaar Community, will be
held at 200 p. m. Thursday, in
Pella Lutheran Church. The Rev.
Melvin FTantSen, pastor Of Grace
Lutheran Church will officiate.
Mrs. Gulbraa died Monday NOR
ming at the Community Memorial
Hospital.
The body Is at the CloydLGor-
der Mortuary.
A full obituary will appear IN
next weeks Sidney Herald.
The Sidney herald., 1962-02-07
Farmers Income Tax Tips

farmers just as it is to nonfarm-
eS.
You mentioned that some income
is exempt from taxation; what in
come is exempt?
There are a number of items;
among the more common are So
social security payments, interest
OIL state, county and municipal
bonds, gifts and inheritanceS,
loans and the repayment of loans
owed TO you, war veterans pen
SlonS, Federal income tax refunds,
and life insurance proceeds re-
ceived because of death.
There are others, of course.
q q =
You also mentioned that some
farm income receives special
treatment under certain
circumstances?
Yes. One is loans obtained from
the Commodity Credit Corpora
ton. Normally, a farmer would
report the income from sales of
commodities in the year Of the
sale. However, the law allows the
banner receiving a loan on a COM
modify 10 elect, if he so desires,
70 report the loan as income in
the year received. If any amount
over the amount OF the loan is
received iu the year of sale, the
excess is taxable in that year. /
might add, that once an election
is made, it is binding on future
years and succeeding loans must
also be reported N the year the
loan proceeds are received.
Under cerJain circumstances,
the sale OF timber owned for more
Than six months Constitutes the
sale of a capital asset, and any
sain on the sale would receive
the more favorable capital gains
treatment. Similarly, the sale OF
livestock held for draft, breeding,
or dairy purposes can result in
c1plUal gains under certain cir
cumSJances. A word of caution on
1he sale of livestock; we've had
quite a number of farmers mis-
apply the law and take capital
gains ca sales that did not quail
~. OF course, we had TO correct
hose returns.
I'd suggest that any farmer hav-
ing sales of these types refer Il
he Farmers Tax guide TO see i
hose particular sales qualify
fhis guide is prepared by the In,
bernal Revenue Service, and &
copy may be obtained free from
Inc District Direcyor's office OF
rom the local county agriculture.
1gent.
Are proceeds from crop
insurance taxable?
Any amount received for dam.
age 10 crops constitutes taxabl,
income.
then are losses on uninsured
crops deductible?
No, and let me explain the rea.
son for Jhis. The farmer, of course
loses inc~me which he anticipates
he would get for the damage,
crops; however, this income ha.
never been reported on his ta1
rIturn. Suuce it has never beer
reported, no loss is allowable. /
SUCH a loss was claimed, it woult
reduce the actual income received
and would be entirely incorrect.