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Cedar Rapids Gazette Newspaper Archive: July 17, 1974 - Page 8

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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   Cedar Rapids Gazette (Newspaper) - July 17, 1974, Cedar Rapids, Iowa                                The Cedar Rapids Gazelle: Vita.. July 17. 1974 Your Money's Worth Community Garden Idea Mushrooming By Svlvia Porter NEW YORK In this summer of '74. as a (lalluo poll to bo conductut (his month and ir: Aivjst will surely disclose, from 30 to 40 million I'. S. families will grow at least seme ef their own [inn! in home gardens. poll will almost surely also confirm, many oilier Americans, single or married, who live in big cities or in heauly-setiled suburban hous- ing 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 burgeon- ing cciinmunity garden con- cei't. Across ihe lonnlrv. thousands uf families ale gel- ting together, borrowing, or leasing a few acres of vacant land, pit .Mng and ilhing iheni i''lleclueiy. and dividing the space into a few or a few hundred individual small plots In Ann Arbor. Mich., the university's organic com- munity garden is worked by local people as well as students and has sprouted "satellite" gardens around the citv 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 Interna- tional I'nion. IE Council Bluffs. Iowa, a bank is running a profit- Investor's ijuide A He can't be looking very hard. There are dozens of triple A issues yielding percent and upwards. I'd sug- gest going to another broker. I don't think this one wants the business. 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 fhen send the stock on to the transfer agent. No sweat and no commissions. A Your actions are per- fectly 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 concen- trated 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 sell? I repeat: what is perfectly feasible in the situation you outline might be quite cum- bersome if you went beyond your company's shares. Q I am single, planning to retire in nine years at 55, earning and getting about 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 What could I do to ease that bite? Would I be bet- ter off with municipals? A Tile only taxable income about which you can do anything is that The temainder 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 in dividends (or to be precise, you may exclude uf dividends from taxable in- come) you could, of course, put that capital into tax-exempts. That would save you the in- come taxes on which, 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 capita! which, at 46, is certainly a hope you must re- tain. In fact, retiring at 55 would also indicate some effort to build capital in order to keep step with inflation. The fad that stocks have not done this in the last six lo eight years can't be accepted as a formula for the rest of your lifetime. 199 Q-I'm past 78, retired, with I want to put into triple A percent bonds. I've asked my broker, but after two weeks he is still looking for them. Q We are young who want to economize as much as we can, with the goal of building a 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 sav- ings 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. a 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. x BLUE CHIP: A common stock of a company has a national reputation and wide acceptance of its product or services. It is generally a company which has es- tablished a long record of profitable operations and dividend disbursements. Mr. Stiulsky welcomes written Ques- tions, but he will be able to provide answers oniv through the column. For bonds, Dlease include o self-addressed, stamped envelope. Address your requests lo Sam Shulskv. care of The Gazette. iackson Sees Soviet Trade Compromise WASHINGTON (UPI) Senator Jackson (D-Wash.) says he is open to compromise on his amendment linking fu- ture 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." INSURANCE 701 MNB Phone 362-3030 we can't mcke you drive safely It's something you have to want to do. but stop and think for a second. time you get be- hind the Wheel, lives are at stake. Yours, too. We insure them, but we'd rather save them. riMking garden for who pay S15 each a year. In Appleton, Wis.. the Sacred Hear! c.ut'" cf ago began the ,'5'J-i'lo! Tana! Hardens where hundreds uf families paid each to gar- den. This year there are more than plots and the charge has doubled to In Troy, V V., community gardens are mm growing on lots at Illissell Sage college. Hensselaer Polytechnic iiisM- uite and land donated by the Jewish ommunity Center. CondoGardens, Inc outside Mobile, ALi has been sellim: individually-fenced guarded by a gardener-in residence who also provides counseling (cost of a 50-foot by-50-fooi plot about Owners pay an additiona yearly fee for use of water equipment, a central canning facility, etc. Spectacular Spread This is merely a sampling. The statistics to be disclosed by the poll will underline bow 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 bylvic Poitei i-iiii-s. ihere art1 liii'-rully iMillinns nf pnhliclv-iiwni'il acres which can In1 niaoV suii- :iblc fur and the parks dt'partniont nr mlicr in char.ut' may lu> dflmhU'd have I hi' land di'ciird nf rubbish iir littk'ruist' hi'autificd. In fad. the okk'si uial best known community Harden in this country is Boston's Buck Bay "Fenway Gardens." founded in 19-12 and consistinj; of SOI) variously-shaped pints, each measuring about 15 by ,'1H feet. The plots are all but free to Bostonians who have fended Off efforts over the last generation to destroy the Har- dens. What about costs? Typically, a beginner will spend about lo for tools and equipment. The cost of seeds and plants for a small plot will usually run less than (and considerably less if the parent organization of your community garden bays seeds and plants in for distribution to Land Rental There ,tisi> HM> be ;t or Mil fee lo eou-r land rental miscellaneous administrative j costs, annual tilling costs, etc. Manure can often be obtained free from riding stables Once is iiinitT ,iii- nual costs typically mil dime to a maximum of SL'O to "A '.Ti-by garden should return worth of groceries at today's says .ludi l.oomis. coordinator of the non-profit Gardens for All, Inc., which is based in Charlotte, Vt., am! which is spearheading the community garden concep. throughout the I'. S. and abroad. (In addition, there are the non-financial fringe benefits of fresher food, exer- cise, social contacts, etc.) If you or your club, church, school, community or what- every, want to explore a com- munity garden for next summer, begin today by writ- ing 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 gar- den plans to planting calendars to guidelines for finding land for your community garden. >MULEKOFF'S V7 3rd Avenue SE Open Thursday 9 a.m. 'til 9 p.m. DRAPERY DEPARTMENT SPECIALS 1 SAVE! Reg. to DRAPERY FABRICS WALLPAPER, each roll................. I Group of SLIPCOVERS Group of FURNITURE THROWS Assortment of TOSS PILLOWS ..........50 BEDRES7S, armed contoured Made DRAPERIES ...............50 Shop Early for Best off off acres of.everything for the home Third Avenue at First Street SE In Downtown Cedar Rapids SHOP THURSDAY NIGHT (T8L 9 Our Newiy Remodeled Carpet Department 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. For Wall fss Wai! Carpeting or For Rugs! Act Now, Save Vs to Vul All First Quality! From Regular Stocks! BCodei Pile? Cumuloft Nylon Pile! Antron Nylon Pile! Dacron Pile! Cadon! Many Types! Many Textures! Many Colors! And What Great Bargains! Carved Pattern Sq. Yd. Select from biue, green, j red, brown or gold colors. Remnants I Use for rixjs or for wall-to- Iwali carpeting. j colors and patterns to J choose from. Armstrong Indoor- Outdoor Carpet linear ft. Carpet your kitchen, patio, or basement now and save. Carpet is 6 ft. wide in rod, blue, brown or green. "T" 88 88 Reg. Gold nylon pattern with foam; 1 1 3 sq. yd................ Sq. Yd. Reg. pattern acrylic pile; 97 sq. yd....................Sq.Yd. Reg. Brown carved pattern acrylic pile; 37 sq. yd....................Sq. Yd. Reg. Deep red shag twist nylon pile; 1 26 sq. yd..................Sq. Yd. Reg. Candy stripe multi-nylon with foam; 42 sq. yd..................Sq. Yd. Reg. Mist green carved pattern Cadon pile; 1 1 8 sq. yd............Sq. Yd. Reg. Blue carved pattern Cadon pile; 84 sq. yd....................Sq. Yd. Reg. random shear nylon pile; 31 sq. yd..............Sq. Yd. Reg. Gold nylon pattern with foam; 60 sq. yd..................Sq. Yd. Reg. 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. Light beige carved shag nylon pile; 43 sq. yd....................Sq. Yd. Reg. Mist green carved pattern Kodel pile; 75 sq. yd..............Sq. Yd. Reg. nylon tweed with foam; 100 cq. yd................ Sq. Yd. Reg. Palmetto green nylon tweed with foam; 1 10 sq. yd.............Sq. Yd. Reg. Gypsy sky textured pattern nylon pile; 100 sq. yd.............Sq. Yd. Reg. Gypsy green textured pattern nylon pile; 1 10 sq. yd.............Sq. Yd. Reg. Light blue carved shag nylon pile; 43 sq. yd..............Sq. Yd. Reg. Copper carved shag nylon pile; 34 sq. yd..............Sq. Yd. Reg. Dresden blue carved pattern f Uf Kodel pile; 25 sq. yd..............Sq. Yd. .88 Mis and Part RoSis! 11 Roils and Part Mhl Reg. SI 3.95 Laurel green carved shag nylon pile; 41 sq. yd..............Sq. Yd. Reg. Willow textured pattern nylon pile; 25 sq. yd....................Sq. Yd. Reg. Moss textured pattern nylon pile; 30 sq. yd....................Sq. Yd. Reg. Olive nylon shag with foam; 40 sq. yd........................Sq.Yd. Reg. Red nylon shag with foam; 42 sq. yd........................Sq. Yd. Reg. Antique gold nylon shag with foam; 148 sq. yd.............Sq. Yd. Reg. Brown nylon pattern with foam; 20 sq. yd..................Sq. Yd. Reg. Blue textured nylon pile; 21 Sq. Yd........................Sq. Yd. Reg. Artichoke nylon pattern with foam; 1 13 sq. yd.............Sq. Yd. Reg. Navajo beige carved shag nylon pile; 160 sq. yd.............Sq. Yd. Reg. Tangy red carved shag nylon pile; 140 sq. yd..................Sq. Yd. Reg. Ivory plush pattern Antron pile; 53 sq. yd....................Sq. Yd. Reg. Sand plush pattern Antron pile; 42 sq. yd....................Sq. Yd. Reg. Lime plush pattern Antron pile; 49 sq. yd....................Sq. Yd. Reg. Gold plush pattern Antron pile; 35 sq. yd....................Sq. Yd. Reg. Green Isle shng twist nylon pile; 1 67 sq. yd..................Sq. Yd. Reg. 9.95 Foam green plush pattern nylon pile; 57 sq. yd..............Sq. Yd. Reg. Sand plush pattern nylon pile; 74 sq. yd....................Sq. Yd. Reg. Gold plush pattern acrylic pile; 69 sq. yd....................Sq. Yd. leg. Mist green plush pattern acrylic pile; 27 sq. yd.............Sq. Yd. 188 [88 88 .88 "tr Reg. Moselle beige plush pattern acrylic pile; 24 sq. yd.............Sq. Yd. Reg. Amber plush pattern acrylic pile; 60 sq. yd....................Sq. Yd. Reg. Lime shag plush nylon pile; 34 sq.yd........................Sq. Yd. Reg. 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. Avocado carved nylon pile; 37 sq.yd........................Sq. Yd. Reg. Gold carved nylon pile; 137 sq.yd...................... Sq.Yd. Reg. human gold carved nylon pile; 45 sq. yd........................Sq. Yd. Reg. Light green shag tweed nylon pile; 56 sq.yd....................Sq. Yd. Reg. 1.95 pattern nylon with foam; 57 sq. yd..................Sq. Yd. Reg. Beige plush nylon pile; 30 sq. yd........................Sq.Yd. Reg. Ching gold plush nylon pile; 1 32 sq. yd..................Sq. Yd. Reg. Lime plush nylon pile; 53 sq. yd........................Sq. Yd. Reg. 1.95 plush nylon pile; 28 sq. yd....................Sq. Yd. Reg. 1.95 Teak plush nylon pile; "0 sq.yd...................... Sq.Yd. Reg. Spice carved shag nylon pile; 136 sq. yd..................Sq.Yd. Reg. Brown carved shag nylon pile; 1 80 sq. yd..................Sq. Yd. Reg. 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. Teal shag twist with foam; 108 sq. yd................ Sq. Yd. el 88l 881 V FREE PARKING Use our Storeside Lot or the Park Shop Plan. Either way you pork FREEI TAKE MONTHS TO PAY Use Smulekoff's Budget Account Your transaction ii a private, confidnntiol one ol Your account stays with the store. II it novor sold to n linemen company. ALL ITEMS SUBJECT TO PRIOR SALE SMCfLEKOFFS TERMS TO FIT YOUR BUDGET   

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