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Show Utah Year-End Stock Market Recovery Gives HopesFor Brighter 1971 Sunday,aamaaer 1971 Three-Day Weekends Fer 1971 _ WASHINGTON veda enjoying (UPI)—This will long, three-day weekends previded by Congress more than two years ago with a liberal juggling of federal holidays. ‘And 1971, the year the holiday-juggling law takes «.- being sported by President Nixon,fluffier in hack Americans eight long weekends. From now on, George Wash- NEW, LONGER HAIRSTYLE Is ington’s Birthday, Memorial Day, Columbus Day—a new federal holiday—and Veterans Day wili be celebrated on and slightly greying at the temples as these pictures taken Dee, 21 show. Nixon's sideburns also have been noticeably inching Mondays, regardless of other four and Labor Day. Although the law only affects operated and controlled institutions, most of the US businesses were expected to go along with the plan, At least 45 state legislatures have created state holidays on one or more of the federal dates. “I would estimate that more than 90 per cent of American employes will get the new Mondays off,” said John W. Lindeman, information director for Discover America Travel Organizations and a leader in the effort for long holiday weekends. The only holiday not provida long weekend is Thanksgiving,left untouched as the fourth Thursday in Novemr. Here’s the holiday weekend lineup for 1971: —Washington's Birthday, (actually Feb, 22) third Mondayin February on Feb.15. —Memorial Day,last Monday in Maybut formerly May 30, on May 31, 1971. Independence Day, left untouched on July 4, a Sunday this year. —Labor Day, alwaysthe first Monday in September, Sept. 6 year. —Columbus Day, second Monday in October, Oct. 11 this year. —Veterans Day, fourth Mon- day in October, Oct. 25 this year. —Christmas, Dec. 25 on a Saturday this year. —New Year’s Day, of course, was on a Friday this year and the first day of 1972 will be on a Saturday. Smoking Ads Flood Last Hours NEW YORK (UPI)—The law banning cigarette commercials on television and radio went into effect at 12:01 am. EST today after the tobacco companies took advantage of the New Year’s holiday and saturated the bowl game telecasts with timeout commercials. They continued without letup almost to the last minute, with three cigarette commercials in the final 15 minutes of the premidnight segment of NBC-TV's Johnny Carson Show. Virginia Slims signaled the end of an era with its “You've Come a Long Way, Baby,” message that cleared at 11:59 p.m. There was one more commercial before midnight, but that was used by a dog food company Philip Morris, Inc., makers of the high-selling Marlboro, bought 25 minutes of network consumer spending as the consumer saving rate returns to more normal levels, a strong rise in homebuilding and good This column of questions and answers on federal tax matters is provided bythe local office of the U.S. Internal Revenue Servi andis published as a public service to taxpayers. The column answers questions most frequently asked by taxpayers. Firs , Q)This was thefirst year I earned any money. How do I charge i get my tax forms? Must I go to the IRS for them? n taxpayer who filed itemize dedi s and report income from dividends and in- payers who had income, capital gains, or income from certain other sources the prev receive a tax pack ing the forms for theseitems, in addition to will receive a contains the forms in the first two packages plus those needed for their particular situation. Forms will be mailed late in December and taxpayers should have them by thefirst week in January. Q)Are the tax rates on 1970 last income any lower than year's? A) Several chan lower taxes for people when they 1970 returns. ROME (UPI) —Pope Paul VI, in an impassioned New Year’s appeal, said that if politicians do not restore peace then the peoples of the world must do it themselves, The pontiff made his appeal in a plai.., bare church in the working class distric: of Centocelle. He spoke without notes and gestured emphatically, searching the audience with his eyes and words to strike the right chord that would awake a kindred soul. He told them they represented all the peoples of the world and it was to the her? A) If your daughter is un These zullton stax will not have tofile return, as they had been required to do in 1969. In this group are part- time workers, stude! others with lowine sons under any is sending ting for a few in January. Does the IRS have any overtax help? both are 65or older} But anyone who fund coming be were withheld will “have to file a return to obtainit. Q)Is the cost of fixing up my barn deductible? A) Repair and maintenance buildings and equipment u used in farming are deductible business expen: s. However, when expenses of this rially a ue of the prope ieeelvapiialti For example, if you repair the roof of your barn, the ex- of 531 corporate executives predicted an upturn. Another 167 predicted that business will hold level, and 56 foresaw a decline. However, Dr. George Katona, a University of Michigan expert in consumer psychology, sounded one of the more pessimistic notes. He predicted that 1971 “will not be a good year” for the economy because the wave of consumer buying the adminnotes. He predicted that 1971 “will not be a good year” for the economybecause the wave and one with strong gains in ec- of consumer buying the admin. istration expects will not maonomicactivity Chase Manhattan Bank said terialize. Harvard Economist John Kenthat just as restrictive policies of late 1968 and 1969 brought on neth Galbraith said the Nixon a mild recession, “expansionary administration should impose policies of 1970 will bring permanentwage andprice controls because its economic polirenewed growth in 1971.” “The attityde of professional cies havefailed to halt inflation. money managers is bullish be- “They’ve done so many things vause they see an expans've wrong it’s difficult to forecast economy,”Leo Lancer,director what will happen in 1971,” said the former ambassadorto India of special studies for Bruns, Nordeman & Co., suggested. and unofficial economic adviser Tight money was responsible for to late President John F. Kenthe market's pounding in 1969 nedy. Galbraith predicted increases and early 1970, and Lancer said thereis reason to believe easier in both inflation and unemploymoney will have the opposite mentin 1971 if the present economic policies continue. effect. is going to be quite prosperous BACON“HOT SAUSAGE ) Check with your U. 8, Eme office for » obtain we 18. n theseoffices if m. you need Keep ers out ind that 15 have a sion until June 15 5.0.4. © cuore “WWSTANTCotonMiyscb9, taxpay- to HERSHEYS ei returns. For additional infor: your ask for a copyof Publication 54, Tax Guide for U. S. 5 For 1/00 AGE sd. |For Roasr 7; RATHS - Wo 7 GRADE. tax help, pubiished by the chamber, 280 BANANAS #9. RADISHES 5, reached $600. Married persons same household en- a the survey, conducted by Nation’s Business, a magazine FRESH GREEW ONIONS, OR or alder) Returns previously had to be filed when income from the — the first-six months of C5Y. Ne. STATE ST, OREM - FEATURES Mow-Jue-URP Ke seas offices where I can get A) Yes, there are es of the titled to file joint return do not havetofile until their in A poll conducted by a U.S. Chamber of Commerce publication showed @ majority of businessmen share the view of the administration that the nation's sagging economy will improve |SCOUNT.Hae two changes will reon millions of 1970 SLICING 10 -T6P TUES g FLOURxl? 265 Fo.cers 3240" COFFEE ay 701s, CouPos! WeRTH206 3 AT LEM. eee zens Abroad. CARPET SALE Sears “VERMONT” Its cobblestone texture of 100% nylon pile will give a lively lift to your decor. In 6 modern such a way that your fate ... your very lives are not disturbed by war,” he said. “You have the legitimate right to expect that your leaders conduct affairs in such a way that you do not suffer,” he said. “And with the terrible colors. 299 Sq. Yard Mellow Morning weapons which are at the disposal of those who promote war, you could be struck without even knowing why.” The Pope said he had sent letters to all the world leaders —‘those chiefs of nations who more than others have the obligation to promote peaceful relations between peoples.” people of all nations ne spoke. Then he added: “Peace must “You, the people, have the spring from the people. You right to be ruled and guided in must be the promoters of 599 Reg. Sq. Yard What's pretty enough for any room and tough enough for the wear on Stairs? It’s plush fiber yarn has the lustre you love plus the praditicality you can’t do without. In 10 Lush colors. peace,” Parole We OR Urged DETROIT (UPI) -Some 250,000 supporters of former Teamsters President James R. Television Bureau of Advertis- Hoffa have signed a petition ing expects other major compa- urging President Nixon to grant budgets for these products. The Hoffa perole. Sen. Norris Cotton, R-N.H., told the Michigan State Buildmonths of 1971 is up 123 per ing Trades Commission (MSBTC) Friday he would cent, for example Cigarettes and their brand deliver the petition to Nixon as names will not be completely soon as possible, out of sight on television. _ The MSBTCpetition, authorManufacturers are planning ized at the council’s last such events as auto race, yolf convention, charges that the exand bowling tournaments with Teamster president has been the sponsoring companies to get subjected to “cruel and inhumention during broadcast man’ punishment in violation of the U.S. Constitution, coverage. Hoffa has been imprisoned at Whether the ban on commercials will result in people giving the federal penitentiary in up smoking or not starting is Lewisburg, Pa., since March, debatable. Tobacco companies 1967 after being sentenced to say that cigarette consumption eight years on a jury-tampering has not been reduced in conviction. Hoffa is also under England, Italy and other a five-year sentence for fraud countries that have restricted in handling loans from Teamster pension funds, advertising, Roebuck and Co's television budget for the first three sur- Q) My daughter has taken a part-time job fer the Is the limit on how much she can make without costing methe exemption 1 claim for impassioned Appeal For Peace MadebyPope Paul Hoffa nies to buy moretime. Sears, tax ’ percent fo! 0 10 _ Beroent in spouseis 65 or olde r those basic package. Farm third type of package, which The broadcast media had been taking in about $250 million a year in cigarette advertising. Notallof it will go tobacco and cigar advertising still are permissible under the new law and some companies plan to expand their broadcast a return the previous year, To avoid sending taxpayers moreforms than they the IRS may send ‘oneof three different ta s. Most taxpayers will rece the package, which conains copies of the Form 1040 and the schedules used to businessmen the income auto strike that had a very de- since 1914, All-time record turnover for pressing effzct on the economy, we should be making some a single daytook place June 13, 1968, when 21,351,000 shares good economic gains. traded After tumbling to 631.16 on ‘The strength exhibited by May 26, the Dow Jones Industrial Average of 30 selected blue the marketin the final weeks of chip issues did an abrupt about- 1976 reflected a numberof constructive developments not the face to finish with a gain for the year of 38.56 at 838.92. The least of which was the mounting DJ Utility Average rose 11.76 to improvement in investor psy121.84, and Standard & Poor's chology as witnessed by in: 500 Stock Index edged up 0.09 creasing public participation,’ to 92.15. But other major mar- Shearson Hammill Brokerage ket indicators generally closed commented. lower, as did most of the ex- And as the new year comes change’s widest moving issues. into focus the firm observed The New York Stock Ex- that investor psychology conchange Index of all common tinues to be influenced by the stocks dropped 1.30 to 50.23, flow of economic and business andiinstruc- fice, bank, or post office ‘ax forms are sent to every time onthe last day. The man from Marlboro Country rode off at 11:48 p.m. up in smoke, however. Pipe est number of market days then omy in ‘71 will be the rise in “Taxpayers Ask IRS holiday weekends this year are for ing downward in the past few months in line with the new look. His new barber, Milton Pitts, says thestyling of the presidential hairdo is a “fittle different.” gains in state and local gov- Christmas, New Year's, July 4 federal employes and federally slowdown and then a verylong Harold Passer, assistant co:amercial secretary for economic affairs, told UPI 1971 looks like a pretty good year. ‘‘Basic factors of strength in the econ- the date. The ernment spending.” Passerconcluded that“‘in con: trast to 1970 when we had a 1971, fect, is a bonus year. Four holidays Congress didn’t tamper with already fall on or adjacent to weekends, giving with NYSE industrial and trans- news. The Labor Department reportportation indexes also lower. Its utility index, however, finished ed at the weekend wholesale prices rose 2.3 per cent during higher Of the 1,844 issues crossing the year, compared to 4.9 per the tape, 1,009 declined, 742 ad- cent in 1969, The figures were vanced, greeted with some satisfaction Turnover for the year swelled by governmentinflation ngitto 2,937,359,448 shares, up from ers. But prices for industrial 2,850,784,841 shares in 1969, and commodities, considered the surpassing the 1968 record of 2,- most accurate barometer of 931,555,941, overall wholesale prices, inIh all, there were five days creased 0.3 per cent in Decemwhen more than 20 million ber (0.2 per cent after seasonal shares changed hands.The bus- adjustments). jest session was on Sept. 24, Nevertheless, Commerce Secwhen 21,345,000 shares traded, retary Maurice H. Stans, in a and the lightest on May 11, year-end statement, predicted when turnover totaled 6,659,710 inflation will decline in the new shares. year, and that business condi‘The 1968 record, however, was tions will improve. made despite the fact the NYSE Paul W. McCracken, the prescurtailed trading as a means of ident’s chief economic adviser, dealing with unprecedented ac- said, “It is quite clear we are tivity. There were the few- looking at a year ahead which By HOWARD LUXENBERG UPI Business W:iter NEW YORK (UPI) — A dramatic recovery in the last two months of 1970 enabled the stock market to finish mixed =the year on record turnover. And many economists and top Wall Street analysts expeci ie exuberance to spill over to Ke Page 22—THE HERALD,Provo, NOW! Gel daily interest compounded taily on your insured Savings. See Hage 15 4 es Rough And Ready Defies most household stains, long-wearing nylon With Lo ck-tuft back in 12°X15 widths. Reg. 5 99 Sq. Yard. it’s tough, 4? Sq. 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