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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 02, 1970
Page
6
In a discussion on corporate finance the investor argues bonds rank first in the pecking order, with preferreds second and common stock third. The piece notes that bond interest is a first claim, while preferred dividends may be non mandatory unless cumulative and declared by directors.
In a three no trump clash both tables saw South as declarer. East overcalled clubs early, and Dallas earned 660 with five by the South hand after East led a club. At the second table Bobby Goldman shifted to hearts, Billy Eisenberg ruffed and split the defense to defeat declarer by one trick.
The analysis centers on South dropping the nine of clubs or the five. Goldman explains shifting to hearts, noting the declarer often has the fourth suit stopped but not too strong. Debates cover whether the nine of hearts or jack should be led, and whether the king should continue in the second heart. Billy’s first play dropping the four is noted, with the ten seen as better. Bobby’s second heart play earns mixed but overall credit.
A car with eight members returning from a church choir event collided with a tractor trailer in Huntsville Alabama on Wednesday night. Four choir members were killed and several injured in the crash.
Vice president Spiro Agnew has accepted an invitation to address Edgefield on April 25 as part of South Carolina’s tricentennial celebration. The appearance marks a high profile stop in the anniversary series attended by state and local officials.
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