OK, our posts must have crossed in cyberspace.
I had tried the instructions that you suggested. What occurs when I paste back the cut picture is that even if I place the insertion point correctly where I want it to be, the pasted back picture (absent any picture box) is not at the insertion point but seems to occupy its own page above the insertion point text.
But, I can try again, follow the instructions more precisely (I only did the pasting), especially: 5. Select the picture box in the text box and adjust how it should align (in measurement palette).