Kossuth County Advance from Algona, Iowa on July 20, 1967 · Page 12
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Kossuth County Advance from Algona, Iowa · Page 12

Algona, Iowa
Issue Date:
Thursday, July 20, 1967
Page 12
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0. I Hdd i«ytril ttockt bought 10 y*«n ago. Should I tak« my profit* on thorn and rtinvMt In othor ttockt at today 1 ! pricot? A. The mere fact you have held a stock for a number of years is no reason to sell it. Generally speaking, I would only sell a stock for one of two reasons. The first would be if I had reason to believe that the company in question was in a deterioratipg situation. For instance, this might be because its management seemed to be doing a bad job, or it might be because the particular industry the company was engaged in appeared to offer a dim future growth- wise, or was actually losing ground. The second reason for selling would be if I found another investment opportunity which, after considerable study, 1 decided offered much greater prospects for future profits than the stoqk I held. 0. My broker wants rrwt to invett in "pot" and "call" itockt. Juit what are they? A. The term "put" and "call" refer to options to sell or buy stocks. "Puts" and "calls" are not normally employed by long- term investors; they are more likely to be used by short- term traders. A "put" is an option to sell a specified number of shares of stock within a specified period of time at a specified price; "puts" are customarily bought by people who think the price of a stock is going down. A "call" is, on the other hand, an option to buy a specified number of shares of stock within a specified period of time at a specified price. They are usually bought by people who think the price of a specified stock is going up. "Puts" and "calls" are, in effect, a hedge against losses resulting from price changes. The premium a speculator pays for his "puts" or "calls" varies according to the stock, its price, its volatility and tho length of the option, which customarily ranges from two to six months. /•" Suppose you own 100 shares of a stock now selling at $75 which you bought at a lower price. You think it may go down, but you are not sure While you don't want to sell, you do want to protect your profit. So you buy a "put" an option to sell the stock at $75 at any time within six months. If it goes down to |60, you can still sell at $75; •nd this "insurance" has cost you only the $600 or so you paid for the "put". Of course, if the stock doesn't go down, you're just out your $600. Or suppose you have reason to believe that the stock, now selling for $75 but which you do not at present own, is going up. In that state, you could buy a "call" option roughly on the same terms. Here you would pay for the right to buy a stock at $75, on the assumption that you would be able to sell it enough higher than that to make a profit. "Puts" and "calls" in short offer the professional trader an effective means of protecting himself against drastic short-term fluctuations in a stock. They can also be classified as a form of gambling; as such they are something the amateur investor could well avoid. Engaged MR, AND MRS. Stephen H. Tjaden of Lakota, announco the engagement and approaching marriage of their daughter, Yvonne Rae to Ron Zolin of Marysville, Calif., son of Mr. and Mrs. Joe Zolin of Ontario, Calif. She is a graduate of Lakota high school and of Mercy Hospital School of Nursing of DCS Moines. She is employed as a K. N. at the O'Connor Hospital in San Jose, Calif., and Ron is with the United States Air Force. An August 26 wedding is being planned to be held at the Ramsey Reformed church near Titonka. tlonal Franchise Association, sponsor of National Franchise Week, this system offers the only answer for the alarming percentage of small enter* prise failures. Says 1FA President Donald R. Hamacher, head of the 600-outiet Dog 'n Suds franchise operation: "In terms of the relative safety involved in a new small business venture, the odds favoring the franchisee of an ethical firm over an independent enterprise arc enormous—evidently on the order of 20-to-l for, compared to l-to-3 against." "This ratio indicates to the consumer that the franchisee! operation in town is most likely to become an integral, permanent part of the community," observes Samps Duraclean. "It pays to seek' out and do your business with a franchisee." Samps Duraclean is affiliated with Duraclean International, Deerfield, 111., pioneer in franchising, charter member of IF A, and instrumental in upgrading ^the ethics of franchising businesses to their present high level. Duraclean has carpet and upholstery cleaning franchises in all 50 states, Canada and 25 countries overseas. Parcel post delivery now smaii business on Saturdays Postmaster Farrell today announced that parcel post deliveries in Algona will be expanded from five to six days a week as of last Saturday. This is in line with a recent directive from Postmaster General Lawrence F. O'Brien following the signing of the post office department appropriation bill by President Johnson. The legislation contains an $8.5 million item for restoration of the six-day a week delivery which had been cut back in May 1964 as an economy measure. Nearly 5000 cities are affected, Postmaster Farrell said. The improved service will remove an inequity for many business and resides tial routes. Postal customers served by "motorized" letter carriers have been receiving the ; six-day deliveries all along. They were not covered by the 1964 cut back inasmuch as carriers on vehicles can deliver parcels of any size. Customers living on routes serviced by foot carriers have received larger parcels from a five-day a week parcel post route covered by a truck. operators recognized As a salute to the 450,000 small businessmen and women who control and operate franchiscd companies thruoul the U. S. National Franchise Week is now being observed. Among local franchisee! businessmen participating as part of a $70 billion-a-year industry is Lowell Samp, Samp's Duraclean, 502 N. Harlan. Unlike chainstore outlets, the franchise system features "hometown" localized profit and ownership, as well as operation. About a fourth of the country's retail and service activities are franchiscd, spanning the economy from the carpet and furniture cleaner to the car manufacturer to the drive-in eatery, and touching virtually everything in between. The National Franchise Week slogan, posted in outlets across the land, is On Our Own But Not Alone. Instead of "taking a flyer" in a personal and non associated venture—in most instances—the franchise operator (franchisee) becomes an independently-owned extension of a solidly establisher, well known and advertised business. According to the Interna- Portland Mr*. Victor Fitch Mr. and Mrs. Paul Arend were guests in the home of •Mr. and Mrs. Max Hiatt at Emmetsburg for the Fourth of July. Mary Rasmussen visited in the home of Mrs. Howard Sparks Friday afternoon. .Mr. and Mrs. Paul Arend took their daughter Paulette to Minneapolis Sunday where she will enter the Institute of Medical Technique. This will be for a period of about 15 months. 'Mrs. Tom Trenary, Kenneth Trenary and Royce Dugan and Mrs. Olive Person of St. Petersburg, Fla., went to Mason City Thursday where they visited Tom Trenary in the Park Hospital. Mr. Trenary is about the same. Mr. and Mrs. Ray McWhorter have been doing some remodeling on their home the past few weeks. Mr. and Mrs. E. C. Schwietert attended the annual old friends picnic at the home of Mr. and Mrs. Jess Dugan in Algona the Fourth of July. Mrs. E. C. Schwietert'spent Monday and Thursday oflasfc week with Mrs. Clara Reynolds in Burt. Mrs. Reynolds has not been feeling so good. Mrs. Maggie Lincoln, Monmouth, Illinois and Mrs. Be- latrice Fell of Clear Lake, spent Wednesday visiting Mrs. E. C. Schwietert of Burt. Mr. and Mrs. Roscoe Stew- THUMDA_V, JULY art spent the Fourth with their daughter and family, the Robert Donnelly's and Linda. This was also to celebrate Linda's seventeenth birthday. . (Mrs. Donald Glamm, David and Joanne, of St. Glair, Minnesota, called at the Lloyd Bartlett home. Joanne remain ed in the Bartlett home to spend a couple of weeks with her grandparents. Mrs. Lloyd Bartlett called on Mrs. Sadie Denton in her home at Titonka Wednesday. Mrs. Denton looked very good and felt real good, after being so ill for so long. Mr. and Mrs. Paul Krominga and family, of Rockford, 111., left for their home after visiting here for a week. They visited in the Amos Krominga home at Titonka and the Bernard Phelps home of rural Titonka, also other friends and relatives. They came for the Fourth. Mr. and Mrs. P. W. Marlow, Doug and Lisa, Mr. and Mrs. Marvin Marlow and David, of Lone Rock, Mr. and Mrs. Billy Gifford and family, Lone Rock, Mr. and Mrs. Jimmie Gifford and family of Bancroft, and Mrs. Lawrence Presthus of Burt, gathered at the William Gifford home to celebrate Phyllis Gifford's birthday. They brought ice cream and cake. Mr. E. C. Schwietert attended the Schwietert family reunion at Nashua. He accompanied the Merle Schwieterts, Lorcna Roark and Dilmer Schwietert. Mr. and Mrs. Paul Arend, Francis and Linda, visited in the'Mike Arend home in Algona Sunday evening. Mr. and Mrs. E. C. Schwie tert were supper guests in the home of Mr. and Mrs. Eddie White of Mallard, a week ago Sunday. "Giving until it hurts is not a true measure of charity, because some people hurt easier than others." Barbw W. J. (Jap) Summers, 81, of Adel observed his birthday last month and this makes Jap the oldest active barber in the state, according to the Barbers Association, Summer;; •began his career at the age of 14 in Chart ton. Before he was married he used to play the guitar and now he just picks on his wife. MOflCt Ot HIAR(H« ON UU or MAI IITAfl „ IN THE DISTRICT COURT OF IOWA, IN AND FOR.KOSSUTH COUNTY, IN tHl MATTER OF THE ESTATE OF AGNES i. WALKER. DECEASED. tO: EDNA L. BROESOER, LEON* A. LOVSTAD, LUELLA MCARTHUR, HELEN M. COOPER, LESTER W. WALKER, BERNICE A. WALKER, DENNIS MELVIN WALKER, DIANE^ SUE FRITZ, BETTY JEAN WALKER, SUSAN MARIE WALKER, AND MICHAEL ALBERT WALKER, AND TO ALL OTHER PERSONS INTERESTED IN THIS MATTER: You ond each of you arc hereby notified thof there !» now on file rrt tf* Office Of th« O*r* Of "* obbvt trtifwd Courf, a fteewrf <>f Sole of the r*al tifot* **trib*d «: the Nbrth#*if r ***••*****•••••**••«§••••• (NWVij 6f flv* $5). Ift To*h»Wp Jjtff; fy-il* tiforth (WNJ, fa"* TNrtv WMf (SOW) of »h* of ftrivaiM 'i<if« *oj the Sum oMM,- 600.00, a copy of the Kite ton»raef for which it attached hereto. ^ . ._ YOU ore further notified that by Order of the at»v» entitled Court thii matter ha* been Mt.gwn foj hearing in the court room of the Court Home in Alepno, K0»suth County, Iowa, on the 24th day of July Jw, ot the hour of 10:00 o'clock A.M., ot which time and plote any pwton In- terttterf therein may file written at>- feefiom fd fftt e*ffy of an Odtf Spt*oVir»B Md «a(e, and that any «men !nt*reitW In rHafcifli 6 higher at better offer for ioM real Mtate T-_"™^^^^^ j^fcfc *-•-* M^*^H*K *t*A* fnoy qppiof fltio^ OKI jHiFgon,^ cntr <ftftfth Mtd fj000$fty <MM W dppfovtd • «oM to the frifhHt MrfWr, the dMaiMAM terfM el «Wch tale will bW friofV fufly enpfaifli^ at laitl Oot5d at AJjooa, Iowa, • /•/ Mfiwca A. w • MmK* A..Wam«r,. CMcwtor fit the estate OT HflnM Jt ^nrflnvTf ite£flttttd PuMMwd in the' Ajtono Kouuth Caunfv- Aflvarlca, Atapna, Iowa. jury 17 and 20, I9C7. )3th iliiiiiiftMiiiiiiiiiiiiniiiiiiiiiimiij the word is K. Three of the best buys in town! Impala Sport Coupe (foreground), Camaro Convertible (upper left) and the Chevy n Nova Sport Coupe. ,-...H,*^ You've made Chevrolet even more popular! IN MAY-JUNE ALONE CHEVROLET'S NATIONAL SALES LEAD WAS 64,004 CARS.* The new frost-free electric refrigerator has more storage space for crisp garden vegetables, tender meats, and other foods. And in your freezer compartment ... no frost taking up,valuable storage space or hiding package labels ... you can store extra supplies for the rainy day/ Modern convenience is the best way to describe the frost-free electric refrigerator-freezer, another way to live the modern way, electrically! Algona Municipal Utilities ,;. V JJi'-li I."' Before you throw a way your vacuum cleaner, ask yourself this. Which is cleaner—oil heat or gas? Heard the old wives' tale that oil heat is dirtier than gas? It's totally untrue. Both are equally clean. Chemical analysis shows it's cooking fats, tobacco smoke and airborne dust that cause dirt—not heating. Don't spend hundreds of dollars to convert to gas until you compare. Call new Standard Oil Hot Line—the modern service that has revolutionized oil heating. Get the facts on modern oil heat compared to gas. No obligation. It could save you money. Don't buy the "gas line" until you call Hot Line 671-4220 And it's still possible for you to get a deal only the leader can offer. See your Chevrolet dealer and learn why there's such a growing preference for Chevrolcts. He'll show you all of the built-in quality features that give you that sure feeling and have made Chevrolcts the most popular curs in the world. And you'll be amazed at how little it costs right now to enjoy a velvet-smooth Impala, Quick-Size Chevelle or the sportster that's swiftly overtaking all the others— the exciting, road-hugging Camaro, Now's the time to get one of America's most popular cars at America's most popular prices ... at the most popular place in town—your Chevrolet dealer's! ''Based on manufacturers' sales figures as reported monthly in the WALL STREET JOURNAL. KOSSUTH MOTOR CO. SW CORNER OF COURTHOUSE ALGONA, IOWA Oil heat- the clean, safe heat. llllfll STANDARD 'cj? Standard Oil Division American Oil Company O1966. The American Oil Company, Chicago. 111. * Trademark HOT LINE SERVICE PHONE 395-3554 you expect more from Standard and you get it!*

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