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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 23, 1964
Page
7
The columnist explains that yield is income from dividends and interest passed to shareholders after expenses, while capital gains distributions are not yield but a return of capital gains taxed as long term capital gains. Investors should read the fund prospectus for clarity on these definitions.
A bridge hand demonstrates that an imitation finesse can outperform the genuine tactic. South uses a fake club finesse to mislead East, then executes the real plan to secure the contract as trumps split and discards allow. The fake finesse proves superior to the real approach in this example.
In Indianola Mississippi a small plane dropped an explosive over a crowd of about 250 at a civil rights meeting hosted by COFO. No injuries or damage were reported. Fred Wynn of Stanford University relayed the incident citing a crop-duster like plane.
The FBI found no information that Walter W. Jenkins violated security or was blackmailed due to morals arrests. Hoover released an eight page statement noting Jenkins admitted indecent acts in 1959 and 1960 during intense stress, with both incidents at a Washington YMCA basement room. Jenkins, 46, resigned Oct 14 and is in hospital for fatigue and high blood pressure as investigators questioned over 500 people.
Washington United Press International reports Defense Secretary Robert S McNamara signals a shift toward nuclear propulsion for future aircraft carriers. He had opposed nuclear power for the Kennedy but now says the next carrier planned in 1966 has a very good chance of being nuclear. The stance follows earlier congressional criticism from the Joint Atomic Energy Committee and Rep Chet Holifield who called the shift a step backward harming naval capability toward 2000.
Former President Harry S. Truman, 80, rested at his Independence home after nine days in a Kansas City hospital for two broken ribs and a minor eye wound. He left the hospital unannounced and traveled home in a car driven by Lt. Mike Westwood, with officials noting a very satisfactory condition but no release date yet.
A new veterinary hospital opens at 242 N Marshall Way in Western Park. The facility offers animal care services and will begin operations this week.
Former President Dwight D. Eisenhower is treated at Walter Reed Army Medical Center for acute tracheobronchitis described as moderately severe. He was admitted from his Gettysburg farm and is expected to stay seven to ten days with a normal temperature and a painful productive cough. Mrs. Eisenhower planned to join him.
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