FIRST CHRISTMAS — Jim and Della Young, played by Jonathan Woods and Catherine Nailling, set up a small Christmas tree on their dining room table in “The Gift of the Magi,” being staged by Masquerade Theatre at the Capitol Theatre in Union City. The newlyweds are eager to celebrate their first Christmas together, but neither has enough money to purchase a proper gift. In a strange twist of fate, the two end up finding the perfect gifts for one another — but at an unexpected cost. Shows will be held Friday, Saturday and Dec. 7, 8 and 9 at 7:30 p.m. and this Saturday at 2 p.m. There are no Sunday shows for this production. Tickets are $10 for adults and $5 for students and children.