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Soviet Satellite Hits Australia After

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Soviet Satellite Hits Australia After t4 - MANCHESTER HERALD. Wednesday, Feb 26, 1986 Business MANCHESTER SPORTS Cash savings bonds without a fee Day-care expense Form 1099, listing the amount of your 1985 HH bond In Brief Police department MHS in tourney QUESTION; I want to cash five $ 1,000 Series H, U .S. interest. The Internal Revenue Service gets copies of Savings Bonds I acquired in 1978 in exchange for old all 1099s. If you don’t report that interest on your worrying parents Series E bonds. In subsequent years my bank never federal income tax return, the revenooers computers Stocks nearing 1,700 level adapts to change by virtue of tie charged for cashing H bonds. Recently, they have Investors’ will go “tilt” and you'll hear from them. NEW YORK (AP) — The stock market head^ ... page 13 charged for that action. Can I cash my bon4|, at the You could enclose a note with your return, higher today, making a new bid to surpass the ... supplement Inside ... page 9 U.S. Treasury in Washington or at a district Federal G uide explaining the problem and stating you’ll report and 1,700 level in the Dow Jones industrial average. • Reserve Bank, without any charge? pay tax on that interest for 1986, by which time you Dow Jones’s average of 30 blue chips rose 2.18 to William A. Doyle should have the missing interst. That, of course, 1,694.84 in the first hour of trading. ANSWER: Vou can, but there’s no reason in the would be a hassle. The easier way would be to report Gainers took a narrow lead over losers in the world for you to go to that trouble. the interst on your 1985 return. early tally of New York Stock Exchange-listed You can redeem your bonds through any bank or You wrote the wrong address. Write the Bureau of issues savings and loan association that is a “paying agent" the Public Debt, 200 Third Street, Parkersburg, West Eastern Airlines rose 'A to i ' / i and Texas Air, for U.S. Savings Bonds, free of redemption charge. All Va. 26101. You’re in for some red tape, but a duplicate traded on the American Stock Exchange, slipped Savings Bond paying agents are specifically prohi­ be redeemed, without charge. will eventually be issued for the missing check. 'A to 21'/*. Texas Air is moving to acquire Eastern, bited from charging the public for cashing those The recently depressed oil issues, which rallied bonds. The U.S. Treasury Department pays fees to Unlike Es, EEs and Swings Notes, which normally are cashed on the spot, H and HH bon^ are sent to a QUESTION: Is a U.S. Savings Bond issued in a bit on Tuesday, were steady to slightly higher Savings Bond paying agents for that chore. October 1984, minus the issuing agent’s dating stamp today. Mobil gained '/* to 30'/ii, and Exxon was This applies to all types of Savings Bonds — E. EE. federal Reserve Bank or the Bureau'-of the Public Debt for redemption. Checks are mailed to H and HH valid? What recourse do I have? unchanged at 54‘A. H, HH and the old Savings Notes. The NYSE’s 10 a m. composite index of all its There’s a wrinkle, here. Some Savings Bond paying bondowners who have redeemed. iUanrli^slprS Manchester - A City o( Village Charm HrralJi ANSWER; Without an issuing agent’s dating listed common stocks was up .03 at 108.96. At the agent banks and S&Ls do lay on fees for providing Please, dear readers, don’t confuse the procedure on Savings Bonds with those for U.S. Treasury stamp, it’s not valid. However, you should be able to Amex, the market value index rose .38 to 252.80. Form 1099s, which list accumulated and taxable get this mix-up straightened out. The Bureau of the On ’Tuesday the Dow Jones industrial average interest on Es, EEs and Savings Notes when they are securities. Banks can and'do charge fees for the Public Debt has microfilm copies of every Savings fell 5.62 to 1,692.66, redeemed. purchase, sale, redemption and rollover of U.S. Treasury bonds, notes and bills. Bond ever issued. Your bond certificate and tbe Declining issues outnumbered advances by Thursday, Feb. 27, 1986 When you cash an H or HH bond received in bureau’s records should substantiate your ownership. about 9 to 7 on the NYSE. Big Board volume exchange for Es, EEs or Savings Notes, you have to Take the bond to tbe bank or other issuing agent totaled 147.% million shares, against 144.67 pay federal income tax on that old E, EE or Saving QUESTION; I own some Series HH, U.S. Savings Bonds, on which interest is due April 1 and November where you obtained it. In a case such as this, the bond million in the previous session. Note interest. But you get a 1099 from the Treasury must be sent to tbe district Federal Reserve Bank for Department — not your local bank. 1. The Nov. 1 1985 interest check was not received. I Scholar Soviet satellite wrote a letter to the Department of Treasury. correction, along with a letter from the issuing agent, Well over 90 percent of all banks are Savings Bond explaining how the foul-up happened. Value of U.S. crops drops paying agents. It’s possible, but unlikely, that your Parkersburg, West Va, 26106. No answer to date. bank is free to hit you with a charge for redeeming « Do I have to pay income tax on interest I never WASHINGTON — The value of U.S. crop your bonds because it is not a Savings Bond paying received? production dropped 5 percent last year to an Doyle welcomes written questions, but he can estimated $75.5 billion from $79.4 billion in 1984, praises agent. If that’s the case, go to a bank or S&L that is. provide answers only through the column. hits Australia Provide adequate identification and your bonds will ANSWER: In .lanuary. you should have received a according to an annual report by the Agriculture Department. , Farmers harvested bumper crops in 1985, but actions 2 market prices were down for some key 2 Gerber's third-quarter commodities. The record year was 1982, when after 'burnout’ total crop production was worth $82 billion. The record 1985 corn harvest, the traditional San Juan says J^nsume^rjce^^ crop leader, was worth $21.3 billion, up from sales, earnings decline about $20.1 billion in 1984. Last year’s average democracy won COLORADO SPRINGS, Colo. “U.S. tracking data does not price at the farm was projected at $2.41 per (UPI) — A Soviet satellite that detect power sources so we don’t know if it has a nuclear reactor,” ^ Percent Change Cash and short-term investments totaled bushel, compared with $2,62 in 1984. Bv John F. Kirch may have had a nuclear power Bv John F. Kirch $57 million as of Jan. 31, an increase of over Officials cautioned that the estimates were Herald Reporter plant aboard re-entered the Kindschi said. 6 Unadjusted Seasonally adjusted Herald Reporter $4 million from the first three quarters of based on production multiplied by estimated Earth’s atmosphere and “burned Kindschi said NORAD did not 7 last year. prices for the various commodities so far this out” over north-central Australia know the purpose of the satellite. Gerber Scientific Inc. of South Windsor season. The dollar amounts are not the same as President Ferdinand E. Mar­ early today, officials of the North Also Monday, Gerber Systems Technol­ cos’s departure from power The Soviets, like the United States, ( 1967= 100) .7% reported Monday that sales for the quarter “farm marketings” of crops, which reflect the American Aerospace Defense have many intelligence-gathering ~ T j p 0 . 3 % ogy Inc. of South Windsor, a subsidiary of Tuesday after 20 years of tight 325 that ended Jan. 31 decreased 6 percent, Gerber Scientific Inc., reported a consoli­ value of commodities actually sold by farmers. Command said. satellites in space. while consolidated net earnings for the same The annual figures do provide a look at the book control means more democracy ,6% dated net loss of $157,000 or 4 cents per share for Filipinos and will have little The re-entry was tracked on “All we have is the Tass (Soviet period declined 26 percent from third- of common stock for the first three quarters. value of crops, however, and can be useful in radar and there were no initial news agency) announcement when quarter earnings last year. comparing one commodity with another. effect on the United States, a .5% reports of anyone sighting debris, it was launched and that it was part 320 Gerber, which manufactures high- The loss over the nine-month period that University of Connecticut scho­ NORAD spokesman Del Kindschi of the Cosmos series to 'continue technology factory automation products ended Jan. 31 compares with net losses of lar said Wednesday. and has a plant in Manche.ster, said net Dollar mixed In Europe said. outer space research,’” he said. .4% $930,000 — or 29 cents per share — for the Epifiano San Juan Jr., a earnings went from $6,3 million during the first nine months of the previous fiscal year. LONDON — The dollar opened mixed in Euroi^ Philippines native who has “We have confirmation the Kindschi said said there seemed 315 third quarter in 1985 to $4.7 million in the Sales for fiscal 1985-86 totaled $15 9 million, today after bouncing back against the yen in taught English at UConn since satellite re-entered at (7; 15 a.m, to be more interest in the Cosmos .30/0 period this year.
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