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Arlington Daily News Newspaper Archives May 12 1974, Page 3

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Arlington Daily News (Newspaper) - May 12, 1974, Arlington, Texas A xxx a tax so Shugart Coupon wednesday amp thursday May 15 amp 16th motts 5 amp to 2216 new York ave Wallet size color portraits 994 1 ask \ awl our extra charge for groups Aldriedge wins senator election Mark Aldriedge a Sophomore business administration major has been elected Junior class senator at Abilene Christian College for the 1974-75 school year. Aldriedge a 1972 graduate of Arlington High school is the son of or. And mrs. Jack Aldriedge 2455 Lakeview Cir. He was a varsity cheerleader and freshman class favorite for 1973-74. Investors guide sunday May 12. 1974 Arlington daily news Page evaluating holdings subscribe to the daily news of no. Outdoor living show May 13-18 at six flags mall we re sporting the Best. Outside things for anglers campers joggers golfers swimmers skiers skaters sailors and bicycles. Indoors at six flags mall. By Sam Shulsky q. We Are a retired couple in our Early 70s. We own 400 shares of at amp to purchased 12 to 25 years ago. Since at amp to has been a poor performer would it be Wise for us to sell All or some of our 400 shares and invest the proceeds in three or four other High Quality but now depressed stocks with Good dividend records at present prices i would have to pay Only a Small capital gains tax for each at amp to share i sold. A. If you re looking for stocks with Good dividend records you wont find Many income stocks fitting that definition better than Telephone. It has been paying dividends without interruption since 1881 in the last dozen years it has increased the payout from $1.50 adjusted for Stock splits to $3.08. While the Stock has been a disappointing Market performer the steady increase in dividend payout is an important Factor in your Case. Further it meets the Quality requirements for retirement income. There remains of course the question of diversification a whether you should have nearly $20,000 in one Security. Also there is the question whether the common shares yield of around 6 1/2 per cent is As Good for your purposes and especially at your age As the 8 per cent-9 per cent current yield obtainable from some of telephones Bond issues. If you make any change at All it should be toward High Grade High yield Bonds a and not into a a depressed common stocks in Hope of a Market profit. Can continue to Deer the payment of the tax on that inter est As Long As you hold the h Bonds. Six flags mall Highway 80 and 360 open six nights a week q. I converted Bonds to h Bonds last month. Does that mean i done to have to pay taxes on the accrued interest in the old is until april 15, 1975? a. You done to have to pay the tax then either. The amount of the taxable interest has been marked on your new h Bonds and you Ian Kami Alcant vac4jiom leap a do Quot Inwood Quot 100% polyester double knit 2 and 3 color Jacquard prints. Solid colors. All first Quality. 60&Quot wide. Reg. 6.98 cd. $198 a cd. Q. We have $50,000 in 6 per cent savings. If we draw $4,000 a year How Long will it last How Long would it last if the Bank boosted interest to 7 per cent please done to Tell us to go into stocks a we done to Trust the Market. A. A withdrawal of $4,000 a year from a 6 per cent account would exhaust the Money in 23 years. If the Money were earning 7 per cent interest you could continue drawing $4,000 a year for 30 years. Q. Please Tell me How much the government is involved in such Agency issues As the Inma Federal land Bank Gama Bonds. A. I refer you to Page 13 of a comprehensive Bond brochure which you can get free for the asking a the Bond Book a Merrill Lynch Pierce Fenner amp Smith . Box 540, Church Street station nyc 1008. In addition to these issues the Book discusses All forms of corporate and tax exempt Bonds. Q. I made a mistake Selling my Home when i lost my husband. Now at age 69, i find myself with everything in Cash. Isnit that stupid a. I certainly Hasni to been stupid in recent years. Id say that if in a period of personal tragedy you did nothing other than turn All your Money into insured Bank accounts you did exactly the right thing. Too often the loss of a husband leads a woman into a frenzy of investment letter to editor editor id like to comment on the works of a certain legislator from Tarrant county who is presently seeking re election in place 8. She is Chris Miller the Only woman representing our county and state House of representatives and also in my opinion one of the Best legislators in Texas. During the 1972-73 legislative session i followed the voting of our legislators from Tarrant county closely. Speaking As a private individual i would like the people to know that Chris Miller consistently and effectively pursued legislation which was meant to help average people live better lives in the areas of social services education health Etc. She also helped get into the Constitution the amendment allowing Homestead reductions for single member families families. I do not know what the challenger in this particular race would offer the people of Texas and our own area. I do know that Chris has worked very hard and served us All very Well. Sincerely Kay Taebel a 45&Quot seersucker Reg. 2.98 a 45&Quot Cotton prints Reg. 3.98 a 45&Quot natural Osenburg prints your Choice polyester Cotton in of single knits i solid color a a denims8eg 5.9 5.98. 1? Quot Bay Roc Quot polyester $8149 Cotton acrylic ?.3.98. Judy. Quality seersucker ?349 Kyo. Fabric Center 429 6 flags mall Arlington Texas 261-6771 Zig Zag sewing machine a monograms a sews on buttons a makes Button holes now Only $0095 Purchase of this machine free Home demo. Cash or terms cants Stu inc Mihm 202 w. Berry it. Worth 923-7022 2304 w. Park Row Lakewood shopping Conter Arlington 265-4886 a in stocks Bonds Mutual funds real estate a which often turns out to have been All wrong. At 69 i done to see Why you can to leave the Money where it is with perhaps some movement into the Bond Market for slightly higher yields. If you average about 7-8 per cent from All your funds a with no risk a id say that a pretty Good. Margin the amount of Money paid by a customer when he uses the brokers credit to acquire securities. Margins Are regulated by the Federal Reserve and have varied Over the last few decades from 40 per cent of the Market Price of the Security acquired to too percent. Inflation got you whether in the pocketbook or in the Waistline. The cover Story is the answer for you com so our marvelous collection of now and nearly now designer and High fashion clothes Butte knits a Kimberly a Sebastian Anne Klein a Ann Murray act Iii. Those Are just a few of Tho famous labels you la find in our Racks at a fraction of their original Cost dresses pantsuits separates casual Longs and formals a sizes 5-20. Shown by appointment Only. Why not Call today and make your appointment to see our Lovely collection a Doe Colden Fito Itu 460-5065 super surplus specials misses hostess Wear Palazzo culottes a drawstring gowns a others to choose from Perma Prest polyester a Cotton save seersucker casuals up assorted colors a patterns to misses sizes to is values of 16.00 50% off our Catalon prices mens Broad Back bib overalls 83% Cotton a 17% Nylon Sanford Zed machine Wash double fabric Back pockets plus Coin a Rule pockets Blue United sizes a quantities were. 5.79 now Little girls Pant sets 100% stretch Nylon Short sleeves mock Turtle neck strip top last sized Waistband pants slight flare Green Pink Blue Tiaw size 2 thru of Hui were 2.99 limited quantities . Beach towels 100% Cotton authentic team colors United quantities were 2.99 now misses scuffs Nylon Tricot uppers with two decorative buttons and color contrasting Stripe cushioned in soles chocolate Blue red size 4 a 10 were 2.50 now 991 United quantities c ladies belts full Okain cowhide Patent leather rope Etc. Assorted colors a buckle styles one size fits All values 1.99-4.99 off of our already reduced Price growing girls body suits one special 0r0up 100% stretch Nylon Short sleeves or sleeveless rounded neckline striped or solids red or Blue White Lavender White size 7 thru 14 were 3.99 now limited quantities Sears Catalon surplus store shop monday thru saturday 9 30 . To 6 . Use your Sears charge account 306 East main grand Prairie

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