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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 20, 1968
Page
5
Sylvia Porter warns that buying unseasoned stock issues based on rumors and flashy names is dangerous gambling. She cites past crashes in 1961-62 and 1962, urges six rules: verify prospectus details, avoid rumor-driven buys, avoid broker tie-ins, and rely on underwriter reputation to guard investments.
John Hatch, 39, was granted a divorce in London after a judge described his wife as excessively house proud. He cited strict rules on his behavior and finances including sitting on the floor, open curtains, and washing rules. Mrs Hatch, 37, denied the accusations.
NASA administrator James Webb ordered a strict freeze on new hires agency wide to save money. He said staff levels would remain at the last Monday’s figure and only one replacement for every four losses to attrition between May 14 and June 30.
University of Michigan psychiatrist Dr. Marvin Selzer studied 96 drivers responsible for fatal auto accidents and found 69 percent had at least one symptom of mental illness. More than 30 percent showed low mood and 50 percent exhibited paranoid thinking.
Oswald and Jim discuss how Stayman transfers and major and minor suit responses guide the two no trump auction. They explain diamond and heart responses, three level bids, and how North and South balance points, diamonds, and possible slams.
Israel released 26 Egyptian fishermen captured a month earlier after entering waters claimed by Israel off the Sinai coast. Navy boats escorted the men to international waters, and their sold catch proceeds were distributed to the fishermen.
John Ephron, a 30 year old blind pianist, and his blind wife heard a girl scream on a quiet Albany street. He intervened by approaching the would be attacker who fled. The Ephrons took the girl to their apartment and notified police. The report ends with an unrelated clipped text about Iran.
Advice discusses aging investor with large margin debt on blue chip holdings and a plan to shift toward income stocks by retirement. It cautions against high leverage and urges using losses for tax advantage while building a 100 percent owned, margin-free income stock list. A young investor with 2000 dollars seeks whether to move to high yield savings, but is advised to take some risk for future buying power and balance liquidity with growth.
A Gazette columnist advises a young reader to consider growth stocks despite risks, noting there is no riskless investment. The piece suggests weighing stock market options against tax and inflation pressures and invites mail with requests for investment lists to Sam Shulsky.
In Redding California an eagle pair nested in a newly erected 85 foot steel tower used for a PG&E power line. The workers were forced to retreat when the eagles attacked and the crew paused work until three eaglets could fly in several weeks.
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