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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 17, 1973
Page
14
Investor held five AT and T shares bought in 1947 at 165 each plus commissions. After 3 for 1 split in 1959 and 2 for 1 in 1964 he owns 30 shares sold for 1500. Cost 825 plus commissions yields about 625 net profit, half of which is taxable on Schedule D as a long term gain.
Oswald and James Jacoby discuss Rixi Markus's push for four card major openings. The feature details a spade opening yielding six tricks and notes mixed results across tables, arguing to minimize four card major use while preserving some applicability.
A reader asks about Real Estate Mart Corp and similar investment trusts yielding 8.3 to 10 percent. The issue is what risks come with paying out nearly all earnings as distributions and limited built in growth.
Cedar Rapids Mayor Donald Welch appoints Louis J. Canney to the resolutions committee for the 1973 U.S. Conference of Mayors in San Francisco. The session runs June 16 to 20, with Canney evaluating proposals and filing a report to the conference membership.
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