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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 26, 1973
Page
16
Sam Shulsky surveys the small investor's challenges amid big insider access and rights offerings. He argues options tax effects, rights issues, and dilution impact on share value, while urging caution on margin precious metals and favoring utility bonds for risk aversion. He explains preferred versus common stock in splits, voting, and capital growth, and invites reader questions for future columns.
Washington AP United States Postal Service and four unions representing over 600000 workers formally signed a new two year contract ratified last week It is the second labor agreement since 1971 when collective bargaining began The service says the pact should improve efficiency for the public and expects higher mail rates next year with an eight cent stamp rising to ten cents
The House Appropriations Committee eliminated the 1.5 million dollar Special Projects fund from the 1974 White House budget after demanding detailed spending records. They questioned payments to figures tied to Watergate and whether the fund supported a White House security leaks probe. The fund, intended for staff help on occasional projects outside ongoing duties, was deleted following White House refusals to disclose recipients and uses.
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