The Courier News from Blytheville, Arkansas on April 19, 1968 · Page 14
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The Courier News from Blytheville, Arkansas · Page 14

Blytheville, Arkansas
Issue Date:
Friday, April 19, 1968
Page 14
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»ythevm» (Art) Courier New - Friday,-April M, IMS ROOMY—Chenrl Cummings is pictured In • the newly-installed rocking chair seats in Ritz "Theatre. New seats not only will rock but provide much more leg room. (Courier News Photo) T o d a y ' s I n v e s t o r • . ; By Thomas E. O'Hara Chairman, Board of Trustees National Association of Investment Clubs Q. My husband and I are in our early 50's.' Our children are grown and educated. What percentage of our capital should •fee have in each of the following categories: stocks, bonds, real estate and cash (savings Sccount)? ~ A. You left out insurance, so 1 will take it for granted that you have adequate hospital, health, accident and life insurance. With the major responsibility of educating children out of the way, I would suggest the following. The equivalent of one third to one-half year's salary Should be kept in liquid assets — that is, in cash or in bonds. : (I think this percentage might be substantially lower for a younger couple just starting out.) Right now, bonds near maturity make an attractive substitute for cash since they often offer an interest rate of 6 percent or more (somewhat higher than the five to five-and- a-half percent offered in savings accounts. ;-As for real estate, I would suggest you own your own home which is an excellent hedge against inflation. But beyond this, I would caution against real estate investment unless you are well aware of property values. All of the rest of your capital I would put in stocks. And since you are relatively young and employed, I think these stocks should still be con- .centrated on growth companies •rather than stressing income. -I'.'.'Q. Do you think that elec- •Jr'ieal utilities as an investment "•are as sound right now as other groups of stocks? I have seven more working years and am interested in income upon retirement. Would you please list the live fastest growing electric utility stocks? A. There is no question that electric utilities are a sound investment at the present time. In fact, this is an especially good time to buy them. Electric Utilities, like several other good growth industries, 'are somewhat out - of - fashion. As a result, the prices are down and provide good bargains. The growth record and potential of utilities is excellent. It continues to parallel the increase in population and the progress of industrial and business activity. I suggest you examine some of the utilities that are affected by cyclical swings in the economy. For example, Detroit Edison sometimes sells for a lower price-earnings ratio than other utilities because it is affected by the cyclical ups and downs of the automobile industry. Yet it is growing just as fast as say the West Virginia Electric and Power Corp., which sells for a higher P-E ratio. I would look at the electric utility in your own area and then consider one from four other geographical areas. Q. I am 49 years old with a young family, a three-year-old and a six-year-old. I started in my profession late in life :and have not invested before. The Keogh Plan sounds attractive, but I wonder if I should forego this plan to invest in good growth stocks? A. No professional man can afford not to take advantage of the Keogh Plan. Under this plan, the government allows the professional man to set aside certain percentage of .his earnings, tax free. The .profits from the tax-free " aspect make i worthwhile even if the invest- Drinking, Cigarettes Church Merger Issue By GEORGE W. CORNELL AP Religion Writer NEW YORK (AP) - Methodists, getting set for the country's biggest church merger yet, are worrying over whether the new united denomination should stick to a long-time rule against drinking alcoholic beverages. A change from required abstinence to a voluntary approach to it is being recommended to the constituting convention of the United Methodist Church, starting this Sunday in Dallas, Tex. , . ' The present policy is "inconsistent and inaccurate" and is "producing hypocrisy and a loss of integrity in the corporate life of the Church and in the lives of many ministers and laymen," says the Church's board of social concerns. -..•-. But controversy surrounds the proposed change to a more open position, encouraging abstinence, but not demanding it. 1 * . * .'* The revision also would allow ministers to smoke, they now must promise to refrain from it, although laymen may use tobacco—a situation often called a "double standard" in the Church's .discipline. These matters of practice were among numerous issues before the meeting, which will unite the 10.3-mil- ment results should turn out to be slight. Mutual funds, insurance companies and some bank trust departments offer Keogh Plans. lion-mwnber Methodist Church with the 747,000-member Evangelical United Brethren Church into one body of 11 million. Urging adherence to the firm rule against liquor, Methodist Bishop Everett W. Palmer, of Seattle, Wash./ says "alcoholism is a trap" and: that to accept even moderate drinking is a '.'bait for the trap." "Moderation is the first step toward immoderation," he writes in the denominational weekly, Christian 'Advocate. "Every heavy and immoderate drinker was once a moderate drinker. Every alcoholic was once a heavy drinker who imagined he could 'take it or leave it.'" On * * the other * hand, some Church leaders argue that the rigid stand against drinking has become unrealistic, and that it cripples the Church in ministering to persons most, in need of help,' : ' ' . Methodism's "one : track abstinence policy" is blocking effective pastoral care to those with alcoholic problems, says the Rev. Dr. Howard J. Clinebel! Jr., of the Church's Claremont, Calif., School of Theology. Noting that recent studies indicate 61 per cent of adult Methodists occasionally drink, he says the present policy "leads to widespread sham .... and nonenforcement" and undermines "authenticity and the growth of a healing community," Under the present Methodist discipline, ministers and lay officials of congregations must pledge to -"abstain from alcohol, and general members may be tried and expelled for buying, selling or "persisting in the use of intoxicating liquor." Such cases, however, naive ; become virtually unhearoV of.', '••'.', The proposed change 'would encourage abstinence as a "sound. and wise witness" to God's concern for .mankind in a "society where drinking is so uncritically accepted and prac* ticed" and where it does so much harm. ; • . * * '•• *' ' But the new standard also would openly accept those who do drink, saying: 'Persons who practice abstinence should avoid attitudes of self-righteousness which break -fellowship with those who do not abstain. Persons who drink should learn to i recognize and avoid dangerous patterns of drinking as well as un-Christian attitudes toward persons who abstain;" The proposed shift from a prohibitive to a flexible stance is in line with' that .taken by .some other Protestant bodies in recent years, as well as by national interdenominational organizations working to reduce alcoholism. * x * • "The moral taboo on drinking is breaking down among Protestant churches," says the Rev. Jon L. Regier, a departmental official'of the National Council of Churches. "At the same tune, however, the churches are HELICOPTERS are the dominant vehicle in the Vietnam war. Here, paratroopers attach a fish net clamp to the , base of a hovering'copter used to transport bags of captured enemy rice, _ MeetTHE YOUR PLYMOUTH DEALERS 'Why dp they call Plymouth dealers the Unbeatables? Great deals on Plymouths—the success cars of 1968. Get a load of this... Right now you can drive away any of 11 specially-equipped Fury, Satellite, Barracuda and Valiant models—all at great Unbeatables prices. , Like to know more? See your Plymouth dealer. Get an .Unbeatables deal on an Unbeatables Plymouth... today! AUTHORIZED DEA1ERS CHRYSLER MOTORS GOBPOBWIOH '61" Motor Co. Highway 61 North, Blytheville, Ark. reaching a new awareness of the'grave problems posed by irresponsible use of alcohol—and are seeking enlightened ways of dealing with these problems." Some Protestant bodies, such as Southern Baptist Convention and numerous smaller evangelical groups, still firmly condemn ••iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiniiiiiiiiiiiiiiiiB Nfos of Men In Service illIBIllBiiiKliilillillllllllimiiiiiiiiiiNiiiiiiiminiiiiliiiiinarail 11 Air'man Franklin R. Carroll of Blytheville, USN, is serving aboard the USS Jouett which recently completed its first combat cruise off the coast of Vietnam; Airman Ira E. Ellis,, son of Mr. and Mrs. Ira E; Ellis of Osceola, has completed basic training at Lackland AFB, Tex. Seaman. Appren. David H. Griggs, USN, son of Mrs; W. D. Trotter of Blytheville, has completed basic training at Great Lakes, 111. Plattsburg AFB, N. Y. . S.Sgt. Cletus R. Mott, son of Mr. and Mrs. Howard C. Mott of Caruthersville, Mo., is now on duty in Korea. Marine Cpl. Monica Pepia, Little Rock Woman Marine Recruiter, requests that all; former women.Marines interested in having a reunion contact her by writing the recruiting station in tittle Rock or by calling her office at FR2-4361, extensions 5496, 5497 or 5382. Army Pvt. Robert L. McCain, son of-William A. McCain of Manila,, has been assigned to a unit near CamRanh Bay, Viet- Army Pfc. Vernon R. Carey, son of Mrs. Annie B. Carey of Manila, is now on duty in Vietnam: Army Pfc. Jessie R. Fondren, son of Mr. and Mrs. Jessie L. Fondren, has been assigned to duty in Vietnam. Army Spec. 5 Frank L. Keys, son of Mr. arid Mrs. Forrest W. Keys of Kenhett, Mo,, has been- awarded me Air Medal near Phan Thief, Vietnam. Army Spec. 4 OdellTyler, son of Jessie J. Tyler of Blytheville, has been awarded a Certificate of Achievement while serving near Tuy Hoa, Vietnam. Sgt. Carold D. Whisnant, son of Mrs. Coy B. Whisnant of Steele, Mo., is now on duty .at any use of intoxicants. ••_ : • Recent studies indicate that 7T per cent of Protestanta sometimes drink, while 90 per cent ; of Catholics and 94 per cent : of Jews do so, with Jews 'having the smallest incidence of-alcoholics. MANPOWER exceeds mileage on this oil pipeline in Tanzania. About 1,200 work* ers are being used on the 1,062-miIe line which is expected to be finished' in September at a cost of about. $38.4 million. -ARROW- Perma-Iron I Thefirst"fortified" cotton skirt that's pressed for life! Here are the shirts for the man who demands the luxurious comfort of cotton ... plus the convenience of a durable-press fabric. This revolutionary blend of ; 65% cotton fortified with 35% polyester will outwear any all-cpttpn shirt. Washed at home or even commercially laundered, the "no-iron" properties ' ' last the life of the shirt. "Sanforized-Rus-2" labeled for perfect fit wash after wash. We have ARROW Cot-N-Rtte in a complete selection of collar styles.:. new wide track stripes and solid colors to choose from. . , -/ Sussex B.D. Short Sleeves $5.00 estirtconyamr R.D. Hughes Co. fin* Appanl for Mtn & Bojri

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