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Cedar Rapids Gazette: Tuesday, February 19, 1974 - Page 24

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   Cedar Rapids Gazette (Newspaper) - February 19, 1974, Cedar Rapids, Iowa                                12 The Cedar Ilapids Gazette: Tuts., Feb. 19. 1974 They'll Do It Every Time AFT6RNOON' I AM YOUR n SeAUTV PROPUCTS upy... For Better Health The Investor's Guide By Sam Shulsky bought some Common- wealth Edison of 2001 but can't find a quotation. Should I sell out? don't see why. It's an AA-rated bond, with interest well covered by earnings. In fact, even the common shares have paid dividends without in- terruption since 1890! The bonds are not listed on the is of no too much importance to you Many high-quality bonds aren't If you want a current quote you'll have to call a broker. But if you bought these bonds to get a year from each invested, I should think Sam Shulsky AT BRIDGE By Oswald James Jacoby The single finesse is a play against one missing card such as the king or queen. A double NORTH 4752 V AQ9 9864 AQ6 WEST 1064 V J103 KQJ10 987 SOUTH (D) .V854 4 A732 West EAST J983 V K762 5 10532 Both vulnerable North East South 1N.T. 3N.T. Pass Pass Pass Pass Opening K finesse is a finesse taken twice against two missing cards. The deep-sea finesse is a finesse, against more than two. South looks over dummy and counts eight top tricks. He can make a ninth in diamonds if the suit breaks 3-2. He lets West hold the first trick. West con- tinues the suit. East shows out and there is no chance for a second trick in diamonds. Now South is faced with a single suit play. you'd just sit back and cash the interest checks. Thanks, but! In a recenl column I must have stressec again the fact that there are NO guarantees in investing, other than those guarantees offeree by the U.S. government itself, or its agencies. Now comes an urgent message from a reader that he will personally guaran- tee investors; which is all very well. It only leaves the question: "Who guarantees I'm afraid my first warning still stands. Q What possible advantage could there ever be in convert- ing a convertible preferred into the common? Don't they rise and fall together? And isn't the always in a preferred wsition as to dividends? My in- erest is in the Continental Oil 12 cumulative convertible pre- ferred. A As a general rule, I'd say you are right. A convertible jreferred will tend to rise along with the common (especially once the common has reached :he conversion price) and will lave any decline cushioned by its fixed dividend. The two conversion signals which come to mind are: 1) 'the number of shares of common an income-seeking in- vestor could claim with his pre- ferred share would yield more ncome than the preferred. If he additional income is suf- iciently attractive to warrant converting, and thus giving up :he senior position and safety of :he preferred stock, then the in- vestor should consider convert- ng. Mr, Shulsky welcomes written Questions, but he will be able to provide answers only through the column. For informa- 'lon on corporate and tax-exempt bonds, lease include a self-addressed, stamped envelope. Address vour requests to Sam Shulsky, care of The Gazette. 2) if the company calls the >referred for redemption at a >rice below the market value of common into which the pre- ferred is convertible, then the nvestor should either convert I into common or sell the pre- An end play might develop, jferred on the market but good discarding can stop (wherc the price is that. Thus South will have to go after hearts himself. A simple finesse is a 50 percent chance. (Actually less on account of the diamond distribution, but still close.) The deep-sea finesse of the nine gives declarer an extra chance. If it loses to the 10 or the jack declarer can still fall back on the simple finesse. This time it turns out that West holds both the jack and 10 so the nine forces the king and South has his ninth trick. The bidding lias been: 19 West North East South Pass I'ass I'ass I'ass You, South, hold: 103 What do you do now? three spaites. If your partner passes, you will he high enough. TODAY'S QUESTION Your partner continues to three nolrump. What do you do now'.1 A-Bid three spades. If your partner passes, you will he high enough. TODAY'S QUESTION Your partner continues to three notrump. What do you do now'.' Answer Tomorrow likely to be above the redemp- tion price offered by the com- In any event in this second instance the investoi must act before redemption day, or he may find himself get ting far less for the stock than he could get on the open marke or via conversion into common. Continental Oil cum. cv pfd. is rated AA. Up until Dec 31 of last year each share ol preferred was convertible into !.41 shares of common. Since then, the conversion rate has dropped to 1.35 shares of com- mon. On the day your letter ar- rived the market value of 1.35 shares of common was jusi about equal to the market price of a share of preferred. There- fore, .no premium. The yield on the preferred was slightly above 3.2 percent. The common yield- ed about 3.5 percent. Both common and preferred have high ratings. But I can't see much point to giving up the senior position of the preferred for merely three-tenths of 1 per- cent more yield. Rest easy with the preferred unless there is a drastic drop in the conversion privilege, or unless the stock is called for redemption. In the latter in- iance you may be forced to act. 'Goocf' Weather For Fog Festival OCEAN SHORES, Wash. (UPI) Forecasts of inclement coastal weather for the weekend sent spaons of joy surging through the promoters of this community's fifth annual Fog Festival. "In the past, we've been ele- mented to said Robert Ward, who thought up the ton- gue-in-cheek festival. "For four' years in a row we were literally sunned out. But it looks like we're going to be lucky this year, and really have some nasty weather." The highlight of the festival will be a surf-wading contest. Another event is a two-day Po- i s h sausage-eating contest. Monday has been officially de- signated as "bicarbonate of soda day." 10 YEARS AGO A tax cut boosting take-home pay was as- sured when house and senate leaders agreed on the biggest tax cut bill in recent history. BIG GEORGE! by Viral totA "George? Ycnh, he's right down there watching TV." Emotional, Physical Problems May Be Cause of Bed-Wetting By Dr. S.L. Audeliuau Bed-wetting may be caused >y cither emotional or physical jroblems, but in both cases il causes problems for parent and child. That fact was recently brought to my attention once again when a "concerned motiier and child" wrote asking or advice on how the boy, age 9; could break the habit of bed wetting. First, let's discuss the possi- ble reasons this young boy suf- fers from enuresis, the medical term for bed-wetting. Exhaustion Among the physical causes of enuresis are various infections and inflammation of the urinary tract, all of which can be dis- covered by a doctor. Patients with systemic diseases such as tuberculosis, diabetes, hypothy- roidism, epilepsy, spina bifida or mental retardation may also encounter this problem. Extreme tiredness or exhaus- tion may cause a child to sleep so soundly he can't awaken to normal urinary impulses. Some- times his problem is simply due to a new schedule or new de- mands for which his urinary muscles aren't yet adequately prepared or which leave him exhausted. A good example is the child who is used to napping early and has just begun kindergar- ten. His new schedule means his help usual daily nap is postponed until after school at about the same time he formerly awoke and went to the bathroom. Another example is the child who is acutely afraid he'll have a urinary accident, or one who in the past has reacted severely :o punishment or embarrass- ment. As a result he has night- mares about the accident or about going to the bathroom and during the -dream urinates in bed. Punishment and sham- ing will only increase and per- petuate such a problem. The only solution is to reassure the child and relieve his fears. If the cause of bed-wetting is physical, it should be medically treated and cured. If the cause is emotional, a counselor should identify the problem and take steps to correct it. Dr. S. L, Andelman Retrained In either case, the child also should be physically retrained in his toilet habits. This will restore coordination of the mental, neurological and physi- cal impulses involved. It will also help prevent future ac- cidents and relieve the worries, Tears and pressures on the child. Begin by figuring out the ap- proximate times bed-wetting )ccurs. List the factors preced- ing bedtime which might also contribute., Give the child less iquid in the hour or two before :ed but make up for this with af glass of milk or juice on awak- ening so the proper body-fluid balance is maintained. If bed-wetting usually occurs two hours after your child has gone 1o sleep, awaken him a lit- tle before that time and have him go to the bathroom as a preventive. Set a timer or alarm clock to help you re- member. But never scold him if you get there too late. Train his reflexes during waking hours by having him visit the bathroom on feeling the first impulse. Be patient and encouraging. The results will be well worth the effort. Dr. Andelman welcomes let- :ers outlining problems which lie may discuss in future col- umns. He regrets, however, that ie cannot personally answer mail. Write to him in care of The Gazette. Mothers Donate Milk To Save Ailing Baby PORTSMOUTH, Ohio (AP) Twenty-lwo-month o 1 d Chris Smith of Phoenix, Ariz., lias received a life-giving supply of mother's milk from a group of concerned new mothers here. Chris' parents, Mr. and Mrs. Charles Bennett Smith, received a shipment of 540 ounces of the milk on Saturday, courtesy of the Portsmouth area Mothers Milk Program. Chris is sick with a rare gene- tic disease called acrodermati- tis enterocathica. It causes him to bleed internally and break out in bright red, burn-like splotches when he eats foods other than mother's milk which contains simple, digestible pro- !eins and substances for protec- tion against viruses and im- munization. The Portsmouth mothers an- swered a plea for help from Chris1 parents through the Jun- ior Chamber of Commerce of joth cities. The supply should last him 18 days, the group said. Covering your mouth when you cough is a good idea. But what you doing your cough? There are two kinds of coughs: Temporary ones that usually come and go with a cold, and chronic ones that hang on and get worse. Temporary ones are not much of a problem. They need little if any treatment. But those chronic ones need attention and fast. They could indicate Bronchitis or Emphysema, or Lung Cancer, all of which are treatable or even curable if you don't wait too long. If you do put it off, any of them could kill you much too soon. Take your nagging cough to your doctor. Who knows, you might just leave it there and wouldn't that be a blessed relief. We care. Blue CrosSc Blue Shield of Iowa Des City 'noalslorod Mirk Bluo Cross Association Service Mark of tho National Association of Dluo Shield Plans BETTER HEALTH IOWA. WE CARE. Robert J. Sedenka Home Phono 362-6204 Office Phone 266-5348 Benlon and Linn Counties Representative Lloyd Schaufenbuel Homo: 362-6573 Office: 366-5348 "FOR INDIVIDUAL ENROLLMENT' Now AVAILABLE: Group Enrollment 2 thru 4 Employons Johnson County Representative Bert Vincent 337-2440 Jones and Cedar Counties Representative Edward A. Schlatter Homo Phono 377-3283 ______Office Phono 366-5348   

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