Cedar Rapids Gazette, June 24, 1974, Page 9

Cedar Rapids Gazette

June 24, 1974

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Issue date: Monday, June 24, 1974

Pages available: 51

Previous edition: Sunday, June 23, 1974

Next edition: Tuesday, June 25, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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Cedar Rapids Gazette (Newspaper) - June 24, 1974, Cedar Rapids, Iowa They'll Do It Every Time THE peoae wuo PUEAP THAT THEY'VE GOT TO HAV8 THE1K PHOTOS EARLY-.. THERE AN. VOUCOOUP', ROSH THEM SO'S I COULP HAVE THEM WIND OP? UXXlM ANY OMCALLED- FOR FILE, OF COURSE.' I he nvestor's uide By Sam Shulsky Q I'm puzzled by Creole Petroleum. It sells for about 17 anil pays well over 111 percent. At first my broker said he diiin'l know much about it, but when he looked it up he came back with: "It's out {if this world." A Creole isn't "out of this world" it's in Venezuela. and there's the "rub." The government recently set up a commission to study procedures for reversion of the company's concessions and as- sets, and to come up with an answer in six months. "Reversion" means the government taking over the company. Payment, of course, will be set by the government. So what you have here is a sit- uation with important un- knowns. And that's why the slock, which has paid dividends steadily for 39 years and is now distributing recently sold for around 14, at which level it yields a juicy percent. Over to you. Q I have an opportunity to invest in "oil" and receive a month (guaran- teed) for 12 years, a total of at which time my original investment will be gone. A I don't know what an investment in "oil" is. Do you mean a drilling venture, refin- ing, retailing? Since you are an attorney, I'm sure you can evaluate the word "guaran- teed." I don't recognize many guarantees other than those by the federal government or its agencies. Q I don't your ad- vising teachers to invest in tax-sheltered annuities. Two insurance companies in our area are paying 7 percent. A I do favor tax-sheltered investments for anyone who can benefit from them. Bui make sure of the management quality of the company managing your money. Q You mentioned in a recent column that an investor should offset taxable income when he can with capital losses. I'm curious as to how you can offset capital losses if you have no capital gains. And I'm curious as to how an attorney could overlook the fact that capital losses (even in the absence of capital gains) may be used to write down taxable income annually by up to (1 I notice that a substan- tial portion (13 stocks) on your growth list are included in the Dow Jones industrial index. How can you advance these as growth stocks in view of the D.T's failure to move in the lasl half dozen or more years and in view of the rampant inflation? Sam Shulsky A The sample growth list you refer to names 100 or so companies which are well known mostly long-established and with a long-term record of growth at a rate generally above the rate of growth for all U.S. industry. If nearly one- half of them happen to be on the Dow Jones industrial list, I can't see where that should oc- casion much eyebrow-raising, even though it is common practice to brand the DJ a fuddy-duddy lisl of has-beens. While it is true that the DJ doesn't include any of the spectaculars of the data processing-office machinery group which gave us our last stock market "circus" or "roller coaster" performance, it still comprises many leading U.S. corporations and even though it doesn't necessarily follow that the economy follows the DJ or vice versa, I don't think the stocks on the list can be ignored. As to your argument that 1) the DJ hasn't gotten anywhere much since it first touched eight years ago and 2) hasn't kept step with inflation, I can only say, "absolutely correct" and then ask: "What group of stocks am a married woman who wishes to have a better working knowledge of the stock market. Could you send me a list of books or pamphlets? stamped, self- addressed envelope would bring you a rather lengthy bibliography. The N. Y. Stock exchange offers an elementary "kit" for which can be obtained by writing to Dept. SU, Box 252, Wall St. Station, New York City 10005. I wrote an "Investment Guide for Women" which can be ob- tained for from Universal Publishing, 235 East 45th street, New York 10017. And for free you should find hundreds of ABC books on the subject at any sizable library. Just stick to the factual ones. The "double-your-money" books are little more than poor fiction. f Registrar: Usually a trust company or bank charged with the responsibility of preventing the issuance of more stock than has been authorized by a com- pany. Mr. Shulsky wrltu-n mirs- tlons, but will bo oljle ID provide answers only Ihrounh Ihp rnlurp'1 For inlonnolion on retirement (ind ore pro rptlrement planning, please Include d self addressed, stamped envelop Address vour requests to J r 6 5 4 2 A 10 H Aid' SOl'TIl f K 'I Farmer Sues For Damage by Stalking Hog AUSTIN, Texas (UPI) Paul Marshall and John Ranne lived in Dallas and owned ad- joining hog farms in Van Xandt county. They were good friends and neighbors until the day the hog went bad. Ranne's hog had shown signs of being an ornery animal before that fateful day. Marshall had been out in front of his house at least a dozen times when the hog would lower his head, snort a couple of times and charge wildly sending Marshall scrambling for safety in the nearest possi- ble place his outhouse. On Jan. 21, 1970, Marshall could take it no longer. He left Ranne (he following note: "John, your boar has gone bad. He is trying to chase me off the farm. He stalks us just like a cat stalks a mouse every time he catches us out of the house. We are going to have to get him out before he hurts someone." On the same day, Marshall was walking from his house to his pickup truck and the pig attacked, biting Marshall severely on the hand. He sued Ranne and was awarded by the court of civil appeals, but the supreme "court of Texas said that might not have been enough when Marshall's pain and an- guish and loss of income are taken into consideration. The bidding has ln-cir i'4 West North KaM Smith Dbli- 2 Pass YIIII, South, hold Ii54 .14 H2 3 What do you do A-Bill four hearts. You have made a very strong anil your partner has it. TODAY'S QUESTION You bid lour hearts and your partner continues to five clubs. What do vou do now? Kasl viilniM.ihle rM Ninth l-'d'.t South I NT '2..- lead score all the trump tricks vvhon you hold six to the ace opposite lour to the queen is to play your ace. This picks up the suit it either opponent holds the singleton king." Jim: "A review of the bid- ding marks East with the king. He needs it for his open- ing nolrump. It also marks him with at least one card with it. People just don't open one nolrump with a singleton." Oswald: "This leaves South just one way to make his con- tract. He must lead the queen of trumps from dummy. Nothing will help him if Kast holds king-jack or king-jack- seven, but it turns out that East holds king-seven. If he ducks you let the queen ride. If he covers you play your ace and West's jack drops. Lucky, but the only play 2 Million- Year-Old Bear Bones Found BUDAPEST (AP) Hun- garian paleontologisls found skeletal remains of a bear thai lived 2% million years ago in a mountain crevice on Osz- tramos mountain in northeas- tern Hungary, Ihe news agency MTI reported. Bones found by the scientists included the animal's upper and lower jaws with full rows of teeth and two-inch fangs, the pelvis, legs and vertebrae. FACTORY TRAINED SERVICE Open Mon. and Thurs. 'Til P.M. 215 1st Ave. SE nimniu Phone 366-2436 At the Free checking with no service charges and no gimmicks. For personal and business ac- counts. Another free service the Home of the Free. GUARANTY BANK TRUST CO. 3rd St. 8. 3rd Ave. Downtown 1819 42nd St. NE 191 JacolynDr. NW Phone 362-2115 ;