Cedar Rapids Gazette, February 8, 1974, Page 28

Cedar Rapids Gazette

February 08, 1974

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Issue date: Friday, February 8, 1974

Pages available: 56

Previous edition: Thursday, February 7, 1974

Next edition: Saturday, February 9, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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Years available: 1932 - 2016

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All text in the Cedar Rapids Gazette February 8, 1974, Page 28.

Cedar Rapids Gazette (Newspaper) - February 8, 1974, Cedar Rapids, Iowa * YACBRP Sense* you on nu Intcrest-incomc type of investment is: either take your chances with today’s bond market, or keep your money liquid iii short-term treasury bills, bankers’ acceptances, not-so-short-term savings certificates and be prepared to keep sparring in lilt* money ring If money rates rise sharply, you will be the winner; if money rates hold around these levels or shade off a trifle, today’s bond buyers will come out aheadThe investor s Guide imore importantly, bond    interest    ties required for    turning    over is fixed and offers no    help in    j treasury bills, or combating inflation. HUT    Hasn’t    enough money to buy What if an elderly person bankers’ acceptances or make lives miles out on an HFD big deals with commercial route, or—    banks, or— Fan not handle the technical!-    Has other hedges    against    in- By Sam Shulsky — You regularly advise high-grade bonds for retirement income. Isn't it possible that interest rates may climb substantially higher and that, therefore, current bonds with 8 percent coupon will provide a poor return in contrast with, let us say, ll or 12 percent bonds that may become c o rn rn o n place?; What about those who bought bonds years ago at 3 to 4 percent rates? Aren’t they suffering a |>oor return in comparison with current rates, as well as a reduction in the market value of their bonds? A — After I've agreed to everything you say — whore do we go from there? Answer: We can go off in several directions. You can keep your money in! treasury' bills, which as of this I moment of writing yield around I 7l4 to 734 percent, rolling them I over every few months to a year. This would assume that! you are near a Federal Reserve bank, keep yourself informed of I the various offerings, can handle the bearer bonds you re-, ceive (and there have been heart-breaking losses via theft, fire, muggings) — or can get! your bank to do the job for you, j presumably for a fee. You can keep your money in j insured savings accounts for! anything from 5 to an effective 7.9 percent yield, with the latter yield, of course, available ii you make a commitment of' four years.    I You can buy bankers’ accept- j ances — but not in less than I $25,000 amounts. You can make I bank deals — generally for I $100,000 amounts — for gen-11 THURSDAY 9 ’til 9 FRIDAY 9 ’til 5 And all day SATURDAY 9 ’til 5 4-pc. Mediterranean Suite What better time than the weekend to take advantage of Smulekoff's Unexpected Sale. You’ll find unexpected bargains at up to 50% off and if you snatch them up now you'll bring yourself Unexpected great pleasure! Whatever you buy, you can take months to pay while it will be delivered right away! Shop tomorrow 'til 9 and all day Friday and Saturday 'til 5 at Smulekoff’s. The Unexpected Bargains are Incredible! Smulekoff’s Speaks Your Language with Spectacular SPANISH SAVINGS! S pc. Mediterranean $Suite ONLY J *    *    COMPARE    STYLE,    QUALITY,    PRICE-SAVE    NOWI By Oswald & James Jacoby The unlucky expert had caught us again. This time he was all smiles. For once, he had a story of success. Here it is! “I had visions of a slam when my partner responded one heart, but they disappeared into .Magnificence, Mediterranean Style. Recreated in this beautiful big bedroom is the romantic elegance and grandeur of fine Spanish design. You’ll love its imposing flush-base design, its authentic styling, its rick ("rn- honcy-tone finish and superb craftsmanship... from the majestic charbocle head• board with its finial-toppedposts to the dramatic shadow-box overlays on center drawer fronts and unique Spanish-style drawer pulls. Exciting! Come and see. taw.HS value and $220.85 savings all for you! Regularly $619.85, this 96-inch luxury Scotch-garded sofa includes detailed Spanish styling, a 3-cushion shaped back and protec ive arm caps. The matching Mr. and Mrs. Chairs also have arm caps and the rich styling. Compare the style, the quality and the price ... and save NOWI FREE DELIVERY NORTH A Q 8 5 2 9 Q953 ♦ K64 + 87 WTTt    S119.00Cane and Velvet Chairs These cane and velvet chair* are excitingly stylish and come *> JI I in a choice of velvet color*.    W    t S998.00 Velvet 2-Pc. Sectional $399.95 Queen-Size Sleeper Sofa Kroehler* contemperory queen lire *leep-or-lounge will provide yeor* of ■'dual purpose'* living . . . both a* a bed and a tofa. Upholitered in 500J Scotchgarded Nylon.    mm    Cf    I *K 1043 Both vulnerable West North East South Kroehler contemporary lectionol that meajure* 102" on each wall. With envelope orm* and reversible seat cushion*. S329.95 Contemporary Tuxedo You ll love the styling in thi* 3 cosh-    m ion, tuxedo contemporary sofa up- vyfll hollered in core-free Herculon.    Mm    ■    1 Seat* 6, sleep* 2. Complete with quilted coverletfe, wide colter* and corner table. Opening lead-4Q thin air when his next bid was a jump to the spade game. Still four spades is a nice comfortable contract. West opened the queen of diamonds and my comfortable contract d:d not look too good. “With my luck both minor-suit aces were sure to be wrong and if either major suit broke 4-1 my goose was cooked. Anyway, I played the king of diamonds. East plunked on the ace as expected and led the suit back. I ruffed and studied the hand for some time. “Finally, I decided to lead a club from my own hand. West won the trick with the nine and led a third diamond. Now I was home if the major suits broke. I ruffed, cashed my top trumps, entered dummy with the queen' of hearts, pulled the last trump and made game and rubber.” The hand was well played. If he had tried some other line he would almost surely have gone down. Furthermore, bis luck may have changed. A trump lead would have doomed bim to defeat$159.95 Simmons Twin Divan Bolstered bock; sleeps 2 or makes 2 leparate beds. Covered in Scotchgarded fabric. .J S •• W -T' $229.95 Naugahyde Spanish Sofa Perfect for the den or "rec" room. Upholstered in black vinyl with oak trim. Matching pieces $ ■ g J available.    Ill Distinctively Spanish with the shaped loose pillow back, upcurving arms and oak trim accent. $229.95 Kroehler Colonial $409.85 4-pc. Bassett Bedroom Monoco" by Bassett features 64    4-p«. King-size double dresser with mirror,    Suite 5 drawer chest and queen or full heod-    $0 Jlj board all in Mediterranean Oak.    u"Wi$180 La-Z-Boy Recliner One of lo-Z Boy's most popular styles .. , the recliner that reclines to any position and hoi oil of la-Z Boy's # M quality builtin. In wipe-clean, Al J easy-core naugahyde.    ■    vl 3 cushion, Scotchgarded Nylon Cope Cod sofa from Kroehler with pleated skirt, smooth wing and orm caps. HUNDREDS of ^ Smooth Sanded Unfinished Furniture PiecesMini-Sofas and Love Seats$129.95 5-pc. Dinette 36 round dinette table with ~ . Micorta top and I 12" leaf $1 and 4 bright floral vinyl chair*.    f Mediterranean Pecan suite in dudes 50" lighted china 40*62" table thot opens to 72 and 4 side chairs. Sealy Deluxe Smooth Sleep The bidding has been:    H West North Fast South Pass    I*    Pass    ne Pass    4*    pass    ? You, South, hold 4 A K 7 6 V A K 7 ti ♦ 2 A K IO 4 3 What do you do now'' A —Pass. Your partner’s jump to four spades show tour spades and a poorish hand. Forget about slams and hope >ou can make four spades. TODAY’S QUESTION Instead of bidding four spades your partner has just raised you to three spades. What do you do now? Answer Sunday twin Sire Mattress and Box Springs Set. IO yr. guarantee. Twin Sire Only Mattress and Box Spring. full Sue Mattress and Box jprmg* Set, IO yr. guarantee, Take your pick of ANY smooth sanded pine unfinished furniture pieces. Choose from several different sizes of bookcases, chairs, desks, chests, benches, headboards and open stock bedroom pieces. This is your chance to do-it-yourself and save a bundle! Take your pick of ANY decorator designed Love Seat or Mini-Sofa at Smulekoff’s Unexpected Sale savings ... all are by famous brands you know and trust, in a tremendous selection of popular styles and quality fabrics. 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