The Palm Beach Post from West Palm Beach, Florida on November 15, 1968 · Page 13
Get access to this page with a Free Trial
Click to view larger version

A Publisher Extra Newspaper

The Palm Beach Post from West Palm Beach, Florida · Page 13

West Palm Beach, Florida
Issue Date:
Friday, November 15, 1968
Page 13
Start Free Trial

Page 13 article text (OCR)

Leona Brought A Touch Of Orient To Our Area FIRST AID - Red Cross to the rescue, but "doctoring" a charming Japanese doll is far different from caring for the wounded as Leona Limoli did while in Japan. Soliders were brought there from the Korean War. FOR OMEN Palm Beach Post, Friday. Nov. 15, 1968 13 .. t iwj.'iiiii.i. in y f J :ICaW, X Chopsticks, oriental flower arrangements and three silver hatchets are part of the heritage of Leona Limoli's ten years in Japan. She found the country a cultural treat though she still thinks the people are very different from Americans and she is not sure that she really understood them. Mrs. Limoli's life in Japan was a round of meeting interesting people and entertaining. Through association with a large shipping business she had opportunity to meet visiting dignitaries. So Mrs. Limoli decided to expand her activities to include writing a column about these people for the daily newspaper, printed in English, "Mainichi". Her column was called "Chit Chat With Lee Limoli". One thing lead to another, and soon she was also appearing on television with her interviews. Among her guests: Marian Anderson, Red Buttons, John Wayne, Glen Ford, Marlon Brando. She was In Japan during the filming of "Tea House of the August Moon" and "Sayonara". The stars of these shows were readily available. Most of her time was spend in Kobe, Japan, near Osaka. Because of her contacts through the shipping business, Mrs. Limoli was asked to sponsor ships on three different launching "They make a beautiful ceremony of it in Japan," says the attractive Palm Beacher. The three silver hatchets in her trophy collection were the ones used to cut the rope which let the bottle of champagne swing from the platform where she stood, to crash against the ship. At the same time a great spray of confetti was released. Her ships were all tankers, "S.T. Chrysan-thy", "S.T. Hydrossa" and "S.T. Cristina". The sponsor was always presented several expensive gifts, "rather as a good luck omen for the ship", she explained. ivri x' ' ' s in! C I'htitos By Se'lva Rorabuutih P I 1 1 .. S ix,.i . if' 1 1 Mrs. Limoli and one of her two children appeared in a crowd scene in a movie on shipboard once. She herself has been in several. "They were always looking for Americans to fill in group scenes, "she continued. "In only one did I have a line 'Come this way'." That was the height of her movie career! Her service with the American Red Cross while in Japan was a highlight of her experiences there. She helped to tae care of the wounded from the Korean War who were brought to Japan straight from the battlefield. Cultural pursuits were very popular in Japan, Mrs. Limoli found, and she took advantage of opportunities. Italian operas, the Bolshoi Ballet, New York City Ballet, Russian circus and the Chechoslovakian circus were excellent. "I was exposed to a world of knowledge," says Mrs. Limoli, remembering the events. Drama and musicals were presented frequently. She also loved to visit the temples and shrines. As for flower arranging, she studied the "Mr. 0'Hara"systeni(a very tin-Japanese sounding name which she affirms is short for the authentic name). He combines real and artificial flowers, something that most Japanese would not think of doing, according to Mrs. Limoli. It is hard to do Japanese arrangements here, she added, because you have to buv a whole bunch of flowers to get one. The Japanese, she said, may use only three or five flowers plus greens in an arrangement, but they might require five different kinds of flowers. Oriental cooking was another interest that Mrs. Limoli pursued. "Tempura" was a favorite dish, shrimp dipped in batter and fried." Her travels included visits to other parts of the Orient and trips to many countries of Europe. But it was Florida where she decided to settle "because it has a sub-tropical climate like the Orient." SHIPS LAUNCHED With silver hatchet in hand, Leona Limoli cut the cord that sent three Japanese tankers on their maiden voyages. She was awarded the three silver hatchets as sponsor of the ships. Lj ?,- ' f . in, i .in mi "i "" 1 ; I f 1 s ' 9 1 t tf y f f i , V 1 iuj i i, IM TAKING A BREAK Mrs. Leona Limoli takes a time out for a visit in the reception room of the dental office where she works. -j...w.- a y v:" m Mind Your Own Business More Ideas On Tax Saving For Investors Shoes With Curled-Up Toes Next For Man In Nehru Jacket By PAT MURPHY In this column we continue to borrow some of K. F. Mutton & Co.'s year-end tax-saving Ideas. Again, we would remind readers that the application of these ideas to one's own hold ings depends upon each individual Investor's own positions. Idea Five Finding the most profitable piece of the pie. If you have more than one lot of the same security, it's essential to sell the right lot, properly identified, in order to realize maximum tax-savings. Different pieces of the same investment can he tastier. For example, sell low-cost lots for maximum gain or minimum loss. Sell high-cost lots for maximum loss or minimum gain. Select short term or long-term lots, as needed, it the lots have different holding periods vis a vis lung and short term capital gains or losses. Idea Six Clock watch. As the year staggers out. you can determine whether a gain or loss is taken in '(iK or 'lilt by the way you sell the security. To realize a gain for IfMiS if you are a cash basis taxpayer, sell "regular way" on or before Dec. ill, l!HH; sell "for cash" through Dec. 31, HHiX; sell by "next day" contracts through Dec. 3D, IStiX. (Accrual basis taxpayers can sell "regular way" through Dec. :il, 1K for gains in 'tis. I But to realize a loss for both cash and accrual basis taxpayers may sell "regular way" through Dec. .11, 1X. 'Regular way contracts are the standard form of contract and, with a few specific exceptions, usually intend delivers no later than five business days after the trade date, i turn Into the outlandish Is f righteningly apparent through! the frantic upheaval among designers and manufacturers of men's wear. This is particularly true on the West Coast, rapidly forging to the front as a supplier of male garnishments. Willys of Hollywood, who specializes in hosiery manufacture hut who in past years has heen marketing casual-type sandals and shoes for both men and women, was approached recently hy a large Ios Angeles marketer to develop a design for a hippie-type piece of male footwear to complement the increasingly-popular Nehru jacket. And what did Willys come up with? A piece of leather font-cn-r .'.ing with turned up toes! "We call it the 'harem accent' "explained the designer, "because it springs primarily from the centuries-old turkish style of footwear. They are vari colored and are trimmed with rhinestones. Oh, yes, that curled up toe Is going to prove dramatic." The hurricane-like upheaval in style trends today will turn the fashion world upside down, according to producer Nader. And to a large extent it is historical, he adds. "In the same way, a couple of generations ago, wrist-watches lor men were consid- By HAROLD HEFFERNAN HOLLYWOOD, (NANAl You can shout indignantly all you want about the hippies, but the funny thing about their ludicrous gct-ups is that they not only have been adopted by older and more dignified people but are now being elaborated upon. In other words, the one time staid seniors are picking up where the kids left off. Most powerful influence of the hippie movement has heen on styles for both men and women. But especially for the male, points out Arthur Nadol, now preparing to produce the movie, "Lola" on San Francisco locations. For both featured and extra roles in his film, Nader has interviewed literally scores of actors almost none of whom did not affect sidehums, fancy mustache, or some form of special hair-do. "Not that I have anything at all against it, you understand," the producer says "It gives most men more distinction, more individuality. It makes them look and feel 'in.' Maybe it gave the hippies that same outlook. "But the thing is," he continued ""What was considered absolutely crazy as little as three years ago, is now branded stylish!" That the whole pattern of men's wearables could get completely out of hand and ered ridiculously eltemi-nate,"he said. "When they wanted to show a low-comedy sissy on the screen, they had him wear a wrist watch. However, a short time later, all men, including cops, farmers, boilcrmakcrs and bartenders, proudly sported such timepieces." In chaging men's garb the hippies haven't confined their influence to the lower classes, Nader declares. He rattled off (he names of a dozen or more businessmen, civic leaders, administrative heads, and labor leaders who wear Nehru jackets, many of them adding necklaces and pendants, even love beads. In the entertainment world, of course, the craze has gone sky high. Young and old, the star or producer who doesn't show up at the factory or the other top show biz spots dolled up in those unique togs and appurtenances, is Immediately labeled a square and draws a rear table. Sammy Davis, Jr., touched the whole thing off three years ago on an hour-long TV special and was quickly followed by Tony Curtis, Kirk Douglas and Burt Lancaster. The rage got Its biggest Impetus, however, when the old lover himself, Cary Grant, went for the whole thing beads and all. WORLD HORIZONS - Here are two creations by Norman Hartnell. The single-breasted suit (above) with cut-away buttonless jacket has welted cross pockets. The ginger breasted suit (below) with cuffed button jacket adds side vents to the welted cross pocket accent. dea Seven Realizing your rights. If you receive nontaxable rights (to buy additional shares of a security) you can sell rights with a zero basis for a gain to offset losses. Then, if a new Investment seems desirable, buy rights to exercise or buy the stock. Hut you can also elect to give rights sold an apportioned basis, in order to postpone part or all of the gain until you sell the original stock. To elucidate, note the rights to buy stock of the same corporation and, in general, to buy bonds convertible into the stock of the issuing corporation are nontaxable. Unless you elect to apportion a basis to the rights, the entire proceeds of the sale of the rights becomes a capital gain and the basis of the old stock remains unchanged. But you can elect to apportion the basis of the oid slock between it (ex rights) add the rights themselves, in accordance with their relative market values on the date the rights are distributed. So, leave your rights as Is with a zero basis and if you sell them, all of the proceeds represent a gain. (Jive them an apportioned -basis and part or all of this gain may be post poned. The result is that a possible short term gain on the sale of rights may thus be converted into a long term gain on the sale of the old stock, or postponed until a later year. i "5 ' ' 1 i ' 4 ' Lun, . r ; : s i tlili, litl! kV ' s mm mm k US mm m mi Idea Eight The world of warrants. If you own warrants or a call that you've held more than six months, to realize a long term capital gain you sell the warrants or the call. You do not exercise them and sell the new securities. But if the warrants or the call show a loss and a short-term loss would help you out. you can realize it by exercising them and selling Ihe new securities. (Next: Some questions and answers about taxes and your investments.) FROM VILLAGE SQUIRE-Bill Miller has designed his first nationwide line of shirts. The line Is marked by a body-hugging contoured shape achieved by curved seams down the chest and back like the striped shirt (far left). He uses brass grommcts as trim and extremely short sleeves on knit shirt (left). P ' si

Get full access with a Free Trial

Start Free Trial

What members have found on this page