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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 11, 1971
Page
7
A reader asks about converting bonds to stock and securing income for retirement. The column advises retaining high quality stocks and bonds, considering tax losses, and shifting bonds into higher yielding corporate bonds. It notes mutual fund reinvestment fees vary, and explains a convertible bond example and sale value calculations.
AP reports New York City officials will pursue full Taylor Law penalties for city police who participated in a January walkout while promising not to penalize individual patrolmen. The PBA details retroactive pay and tenure loss, with legal action possible against many municipal workers. A separate note: three bridge tenders are suspended amid investigations into equipment removals.
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