Cedar Rapids Gazette, July 17, 1974, Page 8

Publication: Cedar Rapids Gazette July 17, 1974

Cedar Rapids Gazette (Newspaper) - July 17, 1974, Cedar Rapids, Iowa Your Money s Worth Community Garden Idea Mushrooming By Sylvia Porter NEW YORK - In this summer of 74. as a Gallup poll to be conducted this month and in August will surely disclose, from 30 to 40 million U. S. families will grow at least some of their own food in home gardens. What’s more, as the Gallup poll will almost surely also confirm, many other Americans, single or married, who live in big cities or in heavily-settled suburban housing developments would be eagerly gardening if they only had the space to do so. Now comes a delightful answer for these would-be green thumbs in the burgeoning community garden concept. Across the country, thousands of families are getting together, borrowing or leasing a few acres of vacant land, plowing and tilling them collectively, and dividing the space into a few dozen or a few hundred individual small plots. In Ann Arbor, Mich., the university's organic community garden is worked by local people as well as students and has sprouted “satellite” gardens around the city. In Seattle, a similar project is under way. In California, Stanford university employes have won the use of a vegetable garden on university grounds via a recent contract negotiated by the Service Employes International Union. In Council Bluffs, Iowa, a bank is running a profit* Th. I Investors K^uide G By Sam Shulsky Q — Why don’t you advise readers that there is no law requiring that you buy or sell common shares through a broker. I’ve bought many shares of my company’s stock from fellow employes by simply agreeing on the price with the seller, then having the stock endorsed and witnessed by a bank or brokerage firm I then send the stock on to the transfer agent. No sweat and no commissions. A — Your actions are perfectly legal I’ve often pointed out that stocks may be traded between individuals directly. However, you must admit that since you are buying your company’s stock from fellow employes you have some things going for you which would not Sam Shulsky be true if you were trying to acquire the stock of another company. You have a concentrated group of owners, a pretty good idea that you weren’t getting counterfeit stock, and a general awareness of the prevailing price. How would you go about buying the stock of another company? Advertise in ihe newspaper for sellers? Circulate a bid among your friends and hope they knew someone who had stock to sell9 I repeat: what is perfectly feasible in the situation you outline might be quite cumbersome if you went beyond your company’s shares. • • • Q — I am single, planning to retire in nine years at 55. earning S17-S18.000 and getting about $1,600 a year in stock dividends. The only tax break I get — and that is in deferring taxes — is with my E bonds. My income tax bill runs to about $5,000 What could I do to ease that bite? Would I be better off with municipals? A — The inly taxable income about which you can do anything is that $1,600 The Kemainder of your tax bite results from the fact you are earning a good salary and are single If you shifted the money now bringing in $1,600 in dividends (or — to be precise, $1,500 — you may exclude $100 of dividends from taxable in- I come) you could, of course, put that capital into tax-exempts That would save you the in- I come taxes on $1,500, which, j compared with the tax on your | salary, would not make too ! much difference. To save those few hundred dollars in taxes, you would have to give up any hope of capital gain — which, at 46, is certainly a hope you must retain. In fact, retiring at 55 would also indicate some effort to build capital in order to keep step with inflation. The fact that stocks have not done this in the last six to eight years can’t be accepted as a formula for the rest of your lifetime, aa# Q—I’m past 71, retired, with $50,000 I want to put into triple A 7lfa percent bonds. I’ve asked my broker, but after two weeks he is still looking for them A — He can’t be looking very hard. There are dozens of triple A issues yielding 8^ percent and upwards. I’d suggest going to another broker. I don’t think this one wants the business. • * * Q — We are young newlyweds who want to economize as much as we can, with the goal of building a $10,000 savings account in the next three years to be used as a down payment on a home. We know nothing about stocks. What would you suggest? A — I don’t see stocks “in your future” — not, at least, until you have acquired that house. It seems to me that the best place to build a savings account is in an insured savings institution because even though there are various methods of acquiring equities by periodic monthly purchases, there is no way anyone can guaranty that your money will be at hand, full strength, when it comes time for that down payment. * * * Q — Does the SEC control the rate of interest one pays on margin loans? A — No. The rate is set by the broker and is legal so long as it is not "usurious.” You will find that active traders with large brokerage accounts will often pay a bit less than the infrequent, small trader. • * * BLUE CHIP: A common j stock of a company which has a national reputation and wide acceptance of its product or services. It is generally a company which has established a long record of profitable operations and dividend disbursements, aaa Mr SHuiskv welcomes written awes (ions, but he will be able to provide answers only throu«h the column. For information on corporate and to* exempt bonds, please include a self addressed, stamped envelope Address your reauests to Sam Shuiskv, core of The Go zeffe. Jackson Sees Soviet Trade Compromise WASHINGTON (UPI) -Senator Jackson (D-Wash.) says he is open to compromise on his amendment linking future U.S. trade concessions for the Russians to a more liberalized Soviet emigration policy. Jackson told a news conference he hoped the Soviets “would show some give” in their opposition to the amendment. “I’m willing to show some give. ” we can't make you drive safely . . . It’s something you have to wont to do. but stop and think for a second. Every time you get behind the Wheel, lives are at stake. Yours, too. We insure them, but we d rather save them YOU* I WITWER INSURANCE 701 MNB Phone 362-3030 making garden for citizens who pay $15 each a year. In Appleton. Wls., the Sacred Heart Church a couple of years ago began the 259-plot Papal Gardens where hundreds of families paid $5 each to garden. This year there are more than 2,000 plots and the charge has doubled to $10 In Troy, N. Y., community gardens are now growing on lots at Russell Sage college, Rensselaer Polytechnic institute and land donated by the Jewish Community Center CondoGardens, Inc., outside Mobile, Ala , has been selling individually-fenced plots guarded by a gardener-in residence who also provides counseling (cost of a 50-foot by-50-foot plot about $1,900) Owners pay an additiona yearly fee for use of water equipment, a central co-of canning facility, etc. Spectacular Spread This is merely a sampling. The statistics to be disclosed by the poll will underline how spectacular has been the spread of community gardens — with corporations starting company-employe gardens as a fringe benefit, churches, civic groups, universities, nursing homes and other organizations all joining in. Even in densely-populated Sylvia Porter cities, there are literally millions of publicly-owned acres which can be made suitable for gardening — and the parks department or other agency in charge may be delighted to have the land cleared of rubbish or otherwise beautified. In fact, the oldest and bestknown community garden in this country is Boston’s Back Bay “Fenway Gardens,” founded in 1942 and consisting of 500 variously-shaped plots, each measuring about 15 by 30 feet. The plots are all but free to Bostonians who have fended off efforts over the last generation to destroy the gardens. What about costs? Typically, a beginner will spend about $15 to $20 for tools and equipment. The cost of seeds and plants for a small plot will usually run less than $10 (and considerably less if the parent organization of your community garden buys seeds and plants in bulk for distribution to members). Land Rental There also may be a $5 or $10 fee to cover land rental and/or rn iscellaneous adm i n istrat!ve costs, annual tilling costs, etc. Manure can often be obtained free from riding stables Once your garden Is under way, annual costs typically will come to a maximum of $2(1 to $25. “A well-done 25-by 30-foot garden should return $300 worth of groceries at today’s prices,’’ says Judi Loomis, coordinator of the non-profit Gardens for All, Inc., which is based in Charlotte, Vt., and which is spearheading the community garden concept throughout the U. S. and abroad. (In addition, there are the non-financial fringe benefits of fresher food, exercise, social contacts, etc.) If you or your club, church, school, community or whatever, want to explore a community garden for next summer, begin today by writing Gardens for All for a package of free community garden information The organization also has a variety of how-to-do-it manuals covering everything from garden plans to planting calendars to guidelines for finding land for your community garden. MULE KOF F'S Th KTH af evoryttitrtg for Hit boma VZ 3rd Avenue SE Open Thursday 9 a.m. til 9 p.m. DRAPERY DEPARTMENT SPECIALS I SAVE! Reg.    to $4.49DRAPERY FABRICS .......... 99* WALLPAPER, each roll .........50* Special Group of SLIPCOVERS ........75%    off Select Group of FURNITURE THROWS 50%    oh Assortment of TOSS PILLOWS .......... 50%    oH BEDRESTS, armed & contoured  50%    Off Ready Made DRAPERIES ...............50%    oh Shop Early for Best Selection! ■ I* Y i    si Q Aa I ll FKDFF'^ SHOP thursday night ‘til 9 / F *    I»    »    \    Vr/    I    I    Our    New!    V    Remad«*lf»H    Cnrnot non/irtmanf im Nau, I A., 2Vi acres of .everything for the horn# Third Avenue at First Street SE In Downtown Cedar Rapids Our Newly Remodeled Carpet Deportment is Now Located in the New Carpet Addition, Main Floor South. Park in the paved parking lot at the south end of the store, then walk through our Carpet Department . . . where there s More to Choose from than Ever Before. CARPET DEPARTMENT IM v*: FULL ROLLS! PART ROLLS! TOP NAME BRAND CARPETING NOW at TREMENDOUS SAVINGS! Karastan! Alden! World! Mohawk! Wunda Weve! Armstrong! For Wall to Wall Carpeting or For Rugs! Act Now, Save Vj to VSI All First Quality! From Regular Stocks! Kodel Pile! Cumuloft Nylon Pile! Antron Nylon Pilel Dacron Pilet Codon! Many Types! Many Textures! Many Colors! And What Great Bargains! Carpet Carved Pattern Sq. Yd. Select from blue, green, red, brown or gold colors. Rolls and Part Rolls! 11 Rolls and Part Rolls! 2 Price Use for rugs or for wall-to-woll carpeting. Many colors and patterns to choose from. Armstrong Indoor- Outdoor Carpet Si 66 I linear ft. Carpet your kitchen, patio, or basement now and save. Carpet is 6 ft. wide in red, blue, brown or green. Reg. $8.95 Gold nylor pattern with foam; I I 3 sq. yd................Sq.    Yd. Reg. $10.95 Olive/red pattern acrylic pile; 97 sq. yd....................Sq.    Yd. Reg. $10.95 Brown carved pattern acrylic pile; 37 sq. yd....................Sq.    Yd. Reg. $7.95 Deep red shag twist nylon pile; 126 sq. yd..................Sq.    Yd. Reg. $5.95 Candy stripe multi-nylon with foam; 42 sq. yd..................Sq.    Yd. Reg. $8.95 Mist green carved pattern Codon pile,- 118 sq. yd............Sq.    Yd. Reg. $8.95 Blue carved pattern Codon pile; 84 sq. yd....................Sq.    Yd. Reg. $10.95 Gold/brown random shear nylon pile; 31 sq. yd.  ...........Sq.    Yd. Reg. $6.95 Gold nylon pattern with foam; 60 sq. yd..................Sq.    Yd. Reg. $6 95 Copper nylon tweed with foam; 56 sq. yd .................Sq.    Yd. Reg. $1 2.95 Lichen moss carved shag nylon pile; 50 sq. yd  ............Sq.    Yd. Reg $1 2.95 Light beige carved shag nylon pile; 43 sq yd...............  Sq.    Yd. Reg $10 95 Mist green carved pattern Kodel pile; 75 sq yd..............Sq.    Yd. Reg. $8 95 Olive/gold nylon tweed with foam; IOO sq. yd................Sq.    Yd, Reg. $8.95 Palmetto green nylon tweed with foam; HO sq. yd.............Sq.    Yd. Rog. $10.95 Gypsy sky textured pattern nylon pile,- IOO sq. yd.............Sq.    Yd. Reg. $10.95 Gypsy green textured pattern nylon pile; I IO sq. yd.............Sq.    Yd. Reg. $10.95 light blue carved shag nylon pile, 43 sq. yd........  Sq    Yd. Reg. $10.95 Copper carved shag nylon pile; 34 sq. yd..............Sq    Yd. Reg $10.95 Dresden blue carved pattern ] Kodel pile, 25 sq. yd..............Sq.    Yd. Reg. $13.95 Laurel green carved shag nylon pile; 41 sq. yd..............Sq.    Yd. Reg. $10.95 Willow textured pattern nylon pile,- 25 sq. yd....................Sq.    Yd. Reg $10.95 Moss textured pattern nylon pile; 30 sq. yd....................Sq.    Yd. Reg $6 95 Olive nylon shag with foam; 40 sq. yi  .........Mi Sq. Yd. Reg. $6.95 Red nylon shag with foam; 42 sq. yd.  ........Sq.    Yd. Reg $6.95 Antique gold nylon shag with foam; 148 sq. yd.............Sq.    Yd. Reg. $7.95 Brown nylon pattern with foam; 20 sq. yd..................Sq.    Yd. Reg. $6.95 Blue textured nylon pile; 21 Sq. Yd........................Sq.    Yd. Reg. $7.95 Artichoke nylon pattern with foam; I 13 sq. yd.............Sq.    Yd. Reg. $9.95 Navaio beige carved shag nylon pile,- 160 sq. yd.............Sq.    Yd. Reg. $9.95 Tangy red carved shag nylon pile; 140 sq. yd..................Sq.    Yd. Reg. $15.95 Ivory plush pattern Antron pile; 53 sq. yd....................Sq.    Yd. Reg. $15.95 Sand plush pattern Antron pile; 42 sq. yd............  Sq.    Yd. Reg. $15 95 Lime plush pattern Antron pile; 49 sq. yd....................Sq.    Yd. Reg. $15.95 Gold plush pattern Antron pile; 35 sq. yd....................Sq.    Yd. Reg. $8.95 Green Isle shag twist nylon pile; 167 sq yd.............  Sq.    Yd. Reg. 9.95 Foam green plush pattern nylon pile, 57 sq. yd..............Sq.    Yd. Reg. $9 95 Sand plush pattern nylon pile, 74 sq. yd....................Sq.    Yd. Reg $16.95 Gold    plush pattern acrylic pile; 69 sq. yd....................Sq.    Yd. Reg $16 95 Mist green plush pattern acrylic pile; 27 sq.    yd.............Sq.    Yd. FREE PARKING Use our Storeside Lot or the Park & Shop Plan. Either way you park FREE! TAKE MONTHS TO PAY Use SmulekoH’s Budget Account Your tron»action is a private, confidential one at Smulekoff’s Your account stays with the store It is never sold to a finance compony. Reg. $16.95 Moselle beige plush pattern acrylic pile; 24 sq. yd.............Sq. Yd. Reg. $16.95 Amber plush pattern acrylic pile, 60 sq. yd....................Sq. Yd. Reg. $7.95 Lime shag plush nylon pile,-34 sq. yd........................Sq. Yd. Reg. $7 95 Echo gold nylon pattern with foam; 63 sq. yd..................Sq. Yd. Reg. $1 1.95 Green shag tweed nylon pile; 92 sq. yd........................Sq. Yd. Reg. $7.95 Avocado carved nylon pile; 37 sq. yd........................Sq. Yd. Reg. $7.95 Gold carved nylon pile; 137 sq. yd...................... Sq. Yd. Reg. $7.95 Roman gold carved nylon pile; 45 sq. yd........................Sq Yd. Reg. $6.95 Light green shag tweed nylon pile,- 56 sq. yd....................Sq. Yd. Reg. $11.95 Olive/red pattern nylon with foam; 57 sq. yd..................Sq. Yd. Reg. $10.95 Beige plush nylon pile; 30 sq. yd........................Sq. Yd. Reg. $10.95 Ching gold plush nylon pile; 132 sq. yd..................Sq. Yd. Reg. $10.95 Lime plush nylon pile; 53 sq. yd.  ...................Sq. Yd. Reg. $1 1.95 Olive/gold plush nylon pile, 28 sq. yd....................Sq. Yd. Reg. $1 1.95 Teak plush nylon pile; HO sq. yd...................... Sq. Yd. Reg $10 95 Spice carved shag nylon pile; I 36 sq. yd..................Sq.    Yd. Reg. $10 95 Brown carved shag nylon pile; 180 sq. yd..............  Sq.    Yd. Rep $ 10.95 Orange carved shag nylon pile; 200 sq. yd..................Sq.    Yd. Reg. $10.95 Medium green carved shag nylon pile; 200 sq. yd.............Sq. Yd. Reg $8.95 Teal shog twist with foam; 108 sq. yd  .......... Sq. Yd. ALL ITEMS SUBJECT TO PRIOR SALE SMULfKQFF’S TERMS TO FIT YOUR BUDGET ;

  • Ann Arbor
  • Judi Loomis
  • Sam Shuiskv
  • Sam Shulsky
  • Sylvia Porter

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

Issue Date: July 17, 1974

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