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Cedar Rapids Gazette (Newspaper) - July 26, 1974, Cedar Rapids, Iowa heathcliff The Investor’s Guide Bs Sam Shiilskv Q — I think {lit* si 11 «j 11 investor is discouraged by a company's low dividend even though earnings are largo •riough to pay out more money. Isn't this a means of obtaining orporate funds at low cost'.' Isl) I it unfair to deny the sliareholder a fair return on hts investment? Short of that I feel the company should be required to buy back its stock it the holder desires A — I have always tried to point out thiit when you buy shares iii a corporation you are turning over the control of your money to that company's management and (fiat, realistically, you have very, very tittle say iii how that money should tie used or how much you should tie rewarded Iii other words, you’ve become a “silent partner'' in the company, ( orporate directors who feel that a larger proportion of earnings should be retained (and less paid out iii dividends) are entirely within their rights. They are directing the affairs of the company, and have the right to decide how earnings should be allocated Retained earnings, of course, are a way of obtaining funds at no interest cost. Is it unfair? That depends upon what the company is set up to do It it is a growth company developing new products, or new applications of old products, and new markets, then you must expect that a larger proportion of its net earnings will be retained fafresca re h and development of such new programs. Some companies, for this reason, pay out only a small percentage (say, lit percent) of earnings in dividends. Utility companies. on the other hand, may pay out as much as HO, 70 or even 80 percent An investor looking for income should consider these The Cedar Rapids Gazette: Tri.. July 26. IHT I Sam Shulsky choices before he invests — and not buy just any stock and then hope dividends will be increased There is no legal provision which requires a company to buy back stock at the holder's option — nor do I see how this would be feasible. Common stock represents permanent capital “For twenty years she wouldn’t do a thing we asked her to do, and now she promises to obey some guy she’s only known two months ” WOW'. . IT MOST bt a WHOPPER, GRAMPS/" WIN AT BRIDGE By Oswald & James Jacoby “Haste makes waste” is a fine old maxim that bridge players should keep in mind at ail times. South couMn't wait to put dummy’s ace of hearts on VVest ’n king. This gave him tin* NORTH 26 A J 10 7 9 A 9 2 ♦ 752 ♦ K 854 WEST EAST A 6 4 532 9 K Q J 8 7 5 9 10 6 4 ♦ A Q4 ♦ J 10 9 8 ♦ 963 ♦ qj IO SOUTH (D) ♦ A K Q984 93 ♦ K 63 ♦ A 72 Both vulnerable West \orlh East South la 29 2 A Pass 4 a Pass Pass Pass Opening lead- -K9 first triek, but lost him the contract because he had to lose three diamonds and a club later. A little thought before playing to the first trick would have told South that he bad a sure club loser and that if possible fie wanted to keep Hast from ever gaining the lead. After that thought he could have let West hold the first trick West would continue hearts. Smith would win the second heart and discard a club. Then lie would play two rounds of trumps and stop so as to leave a trump entry to dummy. Three rounds of clubs would come next. He would ruff the The bidding has been 26 West North East South la Pass 2a Pass 39 Pass 4+ Pass *> You. South, hold t A Q 6 5 4 VA Q654 +AK42 What do you do now? .A —Bid six spades. Your partner is showing the ace of clubs. You don't try for seven because his first hid was only a single raise. TODAY S QUESTION Instead of bidding two spades your partner has jumped to three spades over your one spade W'hal do you do now? third; go to dummy with dummy’s last trump; discard a diamond on the 13th club and finally lead a diamond toward his king. This would give him an overtrick if East held the ace, but with that card resting comfortably in the West hand, South would just make his contract. That is certainly a lot better than going down. For Better Health Rabbits Carry Diseases By Dr. S. L. Andeiman Many animal lovers, especially children, enjoy keeping rabbits as pets. You’re likely to see rabbit cages in many garages and back yards, and it’s not unusual to find a rabbit hopping around a big-city apartment. In more rural areas, children may even care for sick rabbits they've caught. Unfortunately, these kind gestures may result in a highly infectious disease. Both cottontail rabbits and domestic varieties kept for marketing purposes should be handled with rubber gloves. A mild antiseptic used on the hands before and after handling each animal will also help protect from the infection known as tularemia. The organism causing the disease is a bacillus, Pas-tureilu tularensis. The initial lesion is generally an ulcer from which the infection spreads into lymph nodes and channels, causing deep, extensive, painful lesions that discharge pus. Before the discovery of antibiotics, the infection often went on to a general septicemia — with fever and complications in lungs, liver, spleen, brain and bone marrow — and death. The best way to prevent tularemia is to avoid touching rabbits without gloves, to burn cloth or paper in which a killed animal has been wrapped and to avoid sic k rabbits. Children and dogs are highly susceptible to tularemia and should be kept away from rabbits. Certainly not a pet but an animal some people still have to cope with is the rut. The bite of a rat may transmit to man a bacterium causing fever, chills, infection of the lymph glands, headache, swelling of the spleen and other symptoms, usually accompanied by a rash. Laboratory examination of the blood or material from the site of the bite is used to identify the organism and the disease POTTED ROSE BUSHES BEDDING PLANTS OUTDOOR POTTERY & LAWN ORNAMENTS INDOOR POTS 10% off CANDLES Vt to Vt off STRAW flowers 5‘ ea. Other dried A artificial foliage at Sale PricesI 25% off J boxes $“1 OO 25% off J** ii fez V vj£JlP V rn fX SMU LE KOF FSI 2'/j acres of everything for the horn# First Street at Third Avenue SE in Downtown Cedar Rapids Open Saturday 9 a.m. ’til 5 p.m. ALL ITEMS SUBJECT TO PRIOR SALE < ‘ H mm A Sensational Sale . . . and a sensational chance for you to really save on great Home Furnishings at Smulekoff s! ' Its Inventory Time and everywhere we look theres furniture of every description - from carpet to lamps, everything for the home. The less we have to count come July 31st, the happier we will be, so we’re offering fantastic discounts - in some cases, over half the regular price off - to get this furniture moving out the door. We ll help you with low prices, easy budget terms and free delivery] ... help us by seeing this overabundance of fine furniture today! Wwm *//m ■ rn M Luxury Sofas Reduced Save S50-S100-S200 Some of these beautiful sofas reduced more from our regular price. Truditional, Modern, Colonial and Contemporary styles. Prices stort of SI 68 OO Boxsprings & Mattresses Many, many Reduced! Choose from Simmons, Seoly and others in twin, full, queen and king sires, floor sam pies as low as $29.95. Assorted colors and tickings Buy comfort now at bargain prices Lounge Chairs Reduced 20% to 50% and More! 195 lounge chairs in Modern, Traditional, Early American and occasional styles. Buy more than one with prices storting at S55. Occasional Tables Save SIO to $60 Choose from 300 occosionol tobies mode ny lane, Hommary, Drexel and others Some tables reduced os much as Vt price Bed Davenports and Hide-a-Beds Save $50 to $150 Over 150 Hide o-Beds ond bed davenports to choose from in twin, full or queen size by Simmons, Kroehler & others. Summer Furniture Every Piece Now Reduced! Complete clearance of all remaining outdoor, porch ond patio furniture ... some pieces os much as Vt off regular price Mini-Sofas Va,34,    Vt Price 34 great loveseats and apartment size sofas now in stock, ready for immediate delivery. Recliner Chairs Sunbeam Mixmaster Mixer Dining Room Groups Bedroom Suites Save S30 to $80 80 choirs to choose from in mony different styles ond fobrics by Krc^hler Borcalounqer ond others. Prices stort at $88. Now Only S36.00 America s most popular nome in mixers Mix finder dial with 12 speeds, automatic bowl speed control and mony other fine features $4$ OO value Save S50 to $200 These dining room groups are oil from fine manufacturers such as Bassett, Lane, Bernhardt and Drexel. Beautiful furniture af marvelous savings. Save $50 to $250 42 bedroom suites by Drexel, Thomasville, Lone, Bassett and others in most wanted styles, reduced $50 to $250 La-Z-Boy Recliners 5, 7 and 9 pc. Dinettes Unfinished Furniture Desks and Bookcases Save S30 to $70 This includes our entire stock of world fomous, quality constructed La I Boy recliner choirs Mony styles and colors to choose from Save S30 to $60 All S, J and 9 piece dinettes ore reduced $30 00 to $60 00 Choose from several different styles Save Up to 30% Every piece of smooth sanded unfinished pine is reduced to clearance prices You ll find Ii mited quantities of chests, desks, cabinets, headboards, stools ond benches First come basis Save 10% to 30% We ve got hundreds of desks, bookcases and record cabinets in styles that will fit into your decor at IO to 30 percent savings Open Stock Suites Chain Lamps Floor and Table Lamps Men s and Ladies Wrist Watches Reduced 10% to 30% Our Open Stock Bedrooms includes Maple, Colonial, Oak, Provincial, Campaign and (on temporary styles Groups have regular bed loom furniture items and many extra pieces such as desks, bookcases SIO to $30 Off Your choice of any chain lamp now in stock at $10 00 to $30 00 off the regular price Buy now ... add a little “light to your life $10 to $30 Off Many, mony floor and table lamps have been reduced during our pre-inventory clearance We have a great selection .. ond now at great savings! Va to Vt off Reg. Price Choose from a nice selection of famous brand f name watches in discontinued styles These make great gifts and there is no better § time to buy Fine China Pieces Table of Gift Items Drapery Fabrics Ready Made Draperies To Clos* Out at Vt Price Odds and ends of fine china MUST GO! Saucers, cups, bread and butter plates available in Winston, Casleton, Haviland, and flan coma patterns. Reduced to Vt Price Special table of assorted gift items including vases, cheese boords, figurines, etc All ieduc ed to 'A price 99c a yard This is on incredible buy for you do it your setters. Regularly up to $4 99 a yard, our selection of drapery and slipcover fabrics is now only 99c a yard Nice choice of fobrics left, buy hurry! Reduced Vt and More full pairs of ready made draperies (odds and ends) have been drastically reduced during oui Pre Inventory Sole Vonety of sizes, colors and fabrics still available ;

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