Wednesday, April 24, 1974

Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

Page: 8

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Text Content of Page 8 of Cedar Rapids Gazette on Wednesday, April 24, 1974

Cedar Rapids Gazette (Newspaper) - April 24, 1974, Cedar Rapids, Iowa LAST THREE DAYS quality is economy SM CUP & SAVE rn, f Cl RHY DIAPERS ’2r’x40” absorbent gauze diapers | pf first quality would bt* <>.00 per. •I 4r ilo/en # I amit 4 dozen per customer    , Ofter Expires April 27th    <    a i No phone orders or deliveries    I More Special Savings Peterson Play Yards 40”x40” square play yard features double drop sides, padded legs and rail and safety nylon net sides. Choice of 2 prints. *»00 Kvii. s 10.(10 ti JL Welsh’s High Chair with Blue Denim patch print. Thick padded seat and back, wire foot rest and plastic tray. Converts to youth chair, folds flat for storage. Keg. *23.00 18““ GE Heat n’ Serve Dish with three compartments. General Electric unit heats baby’s meal to proper serving temperature. Yellow and pink. Kcjj. slh.00 * I 2 LAP PADS, reg. 3 for 1.59 ll/ 1.08 TRAINING PANTS—stock up & save 2/00 PLASTIC WATERPROOF PANTS :t/oo CL RHY BABY TIDY L PS, reg TR *2/78 CR IB SHEETS, reg. 2.00 I. 88 WATER PROOF C RIB PADS, reg. 2.75 I .IHI KIMONOS, reg. 2.00 I. 18 KNIT SAQLES, reg. 1.59 1.08 HOODED TOWEL SET, reg. 2.75 I .00 ARMSTRONG INFANTS-THIRD FLOOR VYelsh Play Yard !Si 23”” Welsh’s 38”x38” drop-side play-yard Has safety nylon net siding and safety center leg support Blue denim hems and denim patch pad. ARMSTRONG INFANTS—THIRD FLOOR Folding Baskinelles lull hi ie    I reg. .SLY Special value on these handsome wicker baskmettes that have folding legs and easy-rolling non-marking wheels. Fasy-to-carry handles, use as car bed ARMSTRONG INFANTS—THIRD FLOOR Gerry (lamer Kiddie Packs Keg. $ 16.00 I 2”” The “original” Gerry Carrier with foam padded, nylon shoulder straps. Lightweight “comfort curve” frame. ARMSTRONG INFANTS THIRD FLOOR JIO"” ARMSTRONG INFANTS THIRD FLOOR 4-in-1 Convert.! Cribs "■St"    24”” Combines crib, play yard, car bed and dressing table in one sturdy wood unit. Legs adjust to 4 heights, easy-rolling casters; plastic teething rail. Includes wet-proof mattress. Natural finish. ARMSTRONG INFANTS—THIRD FLOOR Peterson 36th Anniversary SALE KNABE. . .STRAUSS. . .KOHLER. . . CAMPBELL . . .& BALDWIN ★ Sale ends April 30th Baldwin OEALER 1931 Cedar Rapids Piano & Organ Co. Our New Location I IO Third Ave. SW    365-8689 [IGW. (Bob) Lutxolmani Prop-a-Seal Carrier Keg. 3.00 3‘” Infanseat molded of first quality domestic thermo-plastic. Fully padded. Maize, green and white. ARMSTRONG INFANTS THIRD FLOOR 4A The Cedar Rapids Gazette: Wed., Apr. 24, 1974 I he Investor's Guide Never a time like NOW to save up to 30% on a New Piano or Organ! By Sam Shulsky It was once considered “chic" in Wall Street to look down one’s nose at preferreds, branding them as “neither fish nor flesh, nor good red herring.’’ And I ani sure that opinion is still held in some quarters However, there have been some changes and the most significant, it seems to me, is the widespread appearance of convertible preferreds, issued, in some cases, in recent corporate acquisitions. These preferreds not only enjoy the senior position of any preferred stock but, in addition, give the holder hope of sharing in the growth of the corporation via their privileges of conversion into the common Then, too, dividends from preferreds may be included in the $100 dividend exclusion from taxable income. They are also attractive for corporate investors who pay a tax on only 15 percent of preferred dividend income. And, of course, they may be bought by the small investor in much smaller dollar amounts than are required to acquire convertible debentures or straight bonds. A recent issue of Moody’s Stock Survey lists a half dozen such convertible preferreds “for appreciation and income.” Yields run from 4.2 to 8.9 percent and premiums over conversion value from zero to 12 percent. They are AT&T $4 dividend convertible preferred, the Jim Walter $1.60, Monsanto $2.75. Norton Simon $1.60, Sun Oil $2.25 and Union Oil of California $2.50. As they say in Wall Street literature, “this is not an offer to sell’’ or a recommendation that you rush out and buy, but if you’re interested, talk it over with your broker. *    •    • Q—Please answer me if you have the time to drop me a line. A—I d have more time if you included a stamped, self- addressed envelope * * * Q—We are in our early 30s with two young children for whom we want to set up education investments. A—You have two main options: 1) Buy common shares of solid, leading corporations which you can confidently expect will he in business and prospering when the youngsters are ready for college. 2) Buy high-quality corporation bonds which pay 8 to 8L4 percent and which interest you can accumulate in this education fund. The first plan would mean you are assuming a risk in the hopes of building capital in order to offset steadily rising tuition costs. The second plan would mean that in return for cutting your risk you are satisfied to accumulate money at the annual rate of 8 or 8V4 percent. In either case you should consider setting up custodial or trust accounts for the children’s securities so that dividends and capital gains, or straight interest (in the case of the bonds), is not added to your tax burden The amounts you name would indicate that the fund would represent no tax burden to the children. * * * Q—We are in our 76s, considering the sale of property we bought 20 years ago for $120,000. We think we can get substantially more for it. During these 20 years we have worked very hard and succeeded in paying off all debts. Sam Shulsky If we sell, will we have to pay capital gains taxes 0 A—Elderly folks do have some tax exemptions on gains made in sale of their property. The lawyer who handles the closing of the deal should be able to help you on that * * * Q—Some time ago I heard that a trader was making $2004300 a day trading on drug stocks. A—I’m sure the exchange floor specialist in the stock has — over a long period of time—made a good living by handling the stock. Otherwise he’d give up the book on it Buf if you’re talking of some “hot” trader who spends most of his working day driving a bus, or running a store, you can put this gossip in to the same class as all those old stories about getting 35 miles from a gallon of water plus a “mysterious pill.” Q. — How can we use U. S. treasury bills to plan for our retirement years? We’re not interested in mutuals and ha\e had bad experiences in the stock market. A. — Treasury bills run only up to one year in duration. So if you want to put your money into them you must be prepared to “roll over’’ your investment every year. Also, there is a $10.OOO minimum purchase. You can get information at the nearest Federal Reserve bank. It you want to invest in treasury bonds, you might latter consider longer term bonds. You can buy them to mature in any year from now until 1998. Brezhnev: Russia Is Unfit Soil To Grow Dissidents MOSCOW (AP) — Soviet Communist party head Leonid Brezhnev says the Sov iet Union is “utterly unfit soil” for dissidents in literature and art. Brezhnev mentioned no names, but he was evidently warning Soviet writers by referring to exiled writer Alexander Solzhenitsyn and other poets, writers and artists who have left the Soviet Union in recent months. In an address to the Komsomol — Young Communist League — congress. Brezhnev said: “Over their long history Soviet literature and arts have known many attempts to sidetrack them from life, to tear away from our ideals. Even now those in the West have not abandoned such aspirations. “Individual renegades and people astray in our country as well tried to echo our class and ideological enemies. But all their endeavors proved futile. Ours is an utterly unfit soil for the growth of such weeds. ” Solzhenitsyn was expelled from the Soviet Union last February after the publication in the West of “Gulag Archipelago,’’ a literary documentary of Soviet labor camps. He is now living in Zurich, Switzerland. Pampers Disposable Diapers Daytime 30** Hin. 2.(15 New born 30'* Kl jr. 1.85 J Stock up for spring and summer on Papipers disposable diapers with new custom fit tapes. No pins or plastic pants needed. Convenient for mother, comfortable for baby. Buy now and save! NO PHONE ORDERS OR DELIVERIES ON PAMPERS Peterson Stroller Regularly 30.00 21 ”” Our fine “Pacer” stroller by Peterson has 4-position recliner back, safety brake, fray and beads. Several colors. Wealher-(>ard Stroller R.«. !*;ih High Chairs Regular 23.00 Special on deluxe high chairs with padded seat and back. Converts to youth chair. Folds flat for storage, unbreakable chrome tray. Choice of 4 prints. ARMSTRONG INFANTS THIRD FLOOR