The Salina Journal from Salina, Kansas on May 1, 1997 · Page 16
Get access to this page with a Free Trial

The Salina Journal from Salina, Kansas · Page 16

Publication:
Location:
Salina, Kansas
Issue Date:
Thursday, May 1, 1997
Page:
Page 16
Start Free Trial
Cancel

THURSDAY, MAY 1, 1997 MONEY THE SALINA JOURNAL V INVESTING What correction? Buy-and-hold Investors again push Dow Jones average above 7,000 By CHET CURRIER The Associated Press NEW YORK — That didn't hurt, did it? The Great Stock Market Decline of early 1997 was over and done with just a few weeks after it began. After losing almost 10 percent since its all-time high of 7.085 on March 11, the Dow Jones industrial average had climbed back above 7,000 Wednesday in a furious rally. Nobody can promise, of course, that stocks won't abruptly head downward once more. The market is notoriously ornery. But it's fair to say that true believers in the mighty bull market of the '90s haven't had to endure many prolonged tests of faith. The last "correction" to hit the market came last June and early July, creating a big stir for a little while. But by August stocks were climbing again toward new highs. This time around, the selloff was compressed into an even shorter time. "Usually, after a decline like "Deep in the American psyche, along with motherhood, apple pie and the flag, is the belief that slocks are fabulous investments, and that if you hold them long enough you can't lose." Barton Biggs investment strategist at Morgan Stanley & Co. that of March and April, the recovery period is much longer — a couple or three months minimum," observed William LeFevre, an analyst at the investment firm of Ehrcnkrantz King Nussbaum Inc. Many optimists describe the latest downturn as just a passing shiver, the sort of momentary attack of nerves that occurs in all bull markets. To them, chairman Alan Greenspan of the Federal Reserve simply provided a handy excuse for the selloff with his winter warnings about "irrational exuberance" and the central bank's March 25 decision to nudge short- term interest rates higher. Even if the Fed tightens credit further, the optimists say, in- vestors seem convinced that the economy will keep growing at a healthy clip, benefiting from low inflation, technological leaps forward and widespread gains in productivity. A large contingent of skeptics, on the other hand, warn that Wall Street remains vulnerable to a variety of surprises and disappointments. "These are prosperous times," • said Henry Kaufman, president of the economic consulting firm Henry Kaufman & Co., in a speech to a banking conference this week. "To assume, however, that a new era of permanently improved economic and financial performance has been attained is rather simplistic." Kaufman said he isn't arguing that a recession looms any time soon. But the situation does suggest that "the high-water mark of financial exuberance has already been reached." Through the market's recent convulsions, many individual investors apparently have been content to sit tight, heeding the urgings of legions of advisers not to try to time the short-term ups and downs of the market. In Internet chat rooms devoted to mutual funds, for instance, much of the discussion these days focuses on buying and holding for the long term, or making regular periodic investments through 401(k) retirement plans. "Deep in the American psyche, along with motherhood, apple pie and the flag, is the belief that stocks are fabulous investments, and that if you hold them long enough you can't lose," said Barton Biggs, global investment strategist at Morgan Stanley & Co. "It's hard to argue with those strategies based on the performance of U.S. equities over the long run and since World War II. History supports the cult of the equity, provided you can hang on through the air pockets." T SAVINGS BONDS Treasury aims to boost bond sales Government changes will improve yield during first 5 years By The Associated Press WASHINGTON — The government is improving the return on U.S. savings bonds in hopes of enticing more Americans to buy the venerable securities. More than 55 million Americans collectively own $186 billion in savings bonds, commonly available through banks and payroll savings plans. With the smallest denomination of a Series EE bond selling for just $25, they've been a popular savings vehicle for children's college education or as holiday and birthday gifts for young relatives. But they've had trouble competing with mutual funds during the stock market boom of recent years and sales have declined from $17.5 billion in fiscal 1993 to $6 billion last year. So the government made changes, effective for bonds purchased today and after. They will improve the bonds' yield during the first five years. after purchase between 1 and I'/a percentage points a year, said Daniel J. Pederson, author of "U.S. Savings Bonds: A Comprehensive Guide." For example, a bond purchased last November has yielded 4.56 percent on an annual basis. If the new rules had been in effect, the owner would' have received 5.85 percent, Pederson said. After five years, the improvement amounts to about a quarter of a percentage point. Under the new, simpler system, all new bonds will earn 90 percent of the five-year note average. Terms on already-purchased bonds remain unchanged. Moreover, interest will accrue monthly instead of every six months. Pederson estimated Americans have been losing more than $100 million by cashing in bonds just before the interest is due. TO PLACE YOUR FREE AD, CAU. 823-6363 or 8OO-827-6363 Place your free, 25-word ad in Connection Line today! Just call 823-6363 today! It's easy. It's fun and you never know who you might meet! TO RESPOND 1-9OO-737-116O TO RESPOND TO A CONNECTION LINE AD Choose the ad that appeals to you. Using a rotary orTouchTone® phone, call 1-900-737-1160. When the system answers, just follow the easy instructions. You will need to use the 4-digit voice mailbox number located in the ad you select. You may also BROWSE through the recorded voice greetings. You'll hear a recorded greeting from die person who placed the ad. If that person sounds interesting, leave your message! (If this person hasn't yet recorded a greeting, you can still leave a message or you can call later. The person who placed the ad will eventually need to record their greeting in order to retrieve messages). The cost is $2.19/minute, and you must be at least 18 years of age. FREE MESSAGE RETRIEVAL! Connection Line announces FREE MESSAGE RETRIEVAL on Wednesdays, so call to place your FREE, 25-word ad today! ECTldKl WOMEN SEEKING MEN #1M6. SINGLE WHITE female 37, en|oys playing pool & mov les. Looking tor a single whit male, honest, caring & gentle to a discreet relationship. WOMEN SEEKING MEN MEN SEEKING WOMEN #2O88. SEEKING CATHOLIC White Female, 39, looking fo tall, handsome white man, 30-45 Prefer non smoker/ mild drlnke who loves kids & church. Hones sincere. *2O73. SINGLE WHITE female 44, non-smoker/ drinker, like movies, traveling & countr music, desires romantic whlk male, 40-50 for serious long term relationship. *2O74. 50+ DIVORCED white female, full figured, enjoy qule evenings, yard sales & sports. Seeking white male, 50+, no head games. Serious calls only. 02O95. SPRING IS In the air, let's enjoy It together! Single white Christian female, 27, single mom, looking for romantic male, 22-37. #2099. DIVORCED white female, 41, full figured, enjoys country music, old Rock N Roll, bowling, cards. Looking for an honest and sincere guy with same Interests. *21O2. LOOKING FOR a cowboy between 55-60 In Central Kansas, like country music, yard sales, dining out, bingo, cross words. #2137. 63 Year old seeking white male, 60-75 for companionship, possible relationship. Must be honest, caring and one who enjoys quiet evenings, dining out, outside activities. #2141. EARLY 40'S, 5'3", brown hair & eyes, friendly, girl next door. Seeking outgoing animal lover, honest & enjoys doing things together. Friendship first. #2144. SINGLE, WHITE, divorced female, 70, 5'2", attractive, good personality. Seeking someone with sense of humor that enjoys dining out, fishing & quiet evenings. #2189. DIVORCED WHITE fe male, 38 fun loving. Seeks sin cere, gentle, while male, 35-45 Enjoy country music, candlellgh dinners and quiet evenings. #2224. DIVORC'ED WHITE female, 38, enjoys music travel, quiet evenings a home. Looking for roman tic, affectionate, younge male who enjoys being •polled. Race unimportant #7158. DIVORCED WHITE fe male, 32, full figured seeking honest trustworthy white or his panic male, 25-40. Humorous Adventures #216O. Manhattan-lie, 42, seeks rim, witty, non smoking, gallant gentleman, 30-42, for dancing, ikallng, festivals, sports, yard lales, plays, circus, mini golf, live nuslc. I KNOW I WANT #2211. Honest, caring, romantic, ntegrity? We have something In ommon. Single, white female 41, oves outdoors, non-smoker. ;ouch potatoes, financially & motlonally challenged, don't other. LOOKINO FOR A REAL OUY #2198. Single white female, 7O's, seeking single white male, TO'*. flood sense of humor, country/ western music, dancing, dining, trav ellng, for a special friend •hip. Non-smoker, nondrinker. ORNERY COUNTRY MOM #2191. Divorced, attractive, hard-working, 29. Seeks financially secure honest, handsome guy 25- 39 to spoil her. Enjoys country llv ng, cooking, dancing, fish- ng, racing. #2O8S. DIVORCED WHITE male, 6 ft., 30 years, blond hair blue eyes. Seeking female 25-3. who likes outdoor activities, qule evenings and going out occa stonally. #2O89. DIVORCED COWBO looking for woman between 35 40. I am 42 and Interested In brunettes. #2O78. MALE, white 47, dl vorced, desires who Is not male dependent. That's all. I smoke don't drink and have a good job. #2O77. EASY GOING, single while, 44, 5'11", 180 Ibs., non smoker, who enjoys country music, dancing & movies. Seeks attractive gal 25-7 Height & weight proportionate. I2O78. WHITE male, 40, 6', 290, never married, enjoys stock-car races, country music. Seeks white female 25-40, children OK. Ellsworth, Sallna or Northwest KS areas. 2O92. SINGLE WHITE male, 42, 6'1", 195 Ibs, brown hair/ eyes seeking white female 25-45 for relationship. No head games. Enjoy dining out, dancing, pool. Smoker ok. #2O93. 22 YEAR old male, non smoker, looking for outgoing female between 18-23 with good, personality who enjoys fishing, dancing, listening to 50's-70's Find that special person in our Connection Line listings, or place your own ad for a perfect match. music. MEN SEEKING WOMEN MEN SEEKING WOMEN MEN SEEKING WOMEN •2097. DIVORCED WHITE 1 male, 39, hardworker and hon- esl, non drinker, likes fishing, camping, playing pool and dancing. Seeking female 34-40 for sincere relationdhlp. #2183 MIDDLE AGED, part French, doesn't waste time. Let's get together and meet. If you'd like to, call me. MEN SEEKING WOMEN #2025. ATTRACTIVE, SINGLE white professional male, 27, blonde hair, blue/ green eyes, seeking attractive single white female, 18-33, enjoys country western dancing «, music. Children ok. 2103. Hardworking 41 year old male, seeks caring female for candlelit dinners and dancing. #2138. ATTRACTIVE, Dl VORCED white male, 44, smoker. Still believes In holding hands, enjoy fun, friendship and adventure. Seeking single white female. Kids O.K. #214O. WHITE MALE, 31, 6'3", 240 Ibs., brown hair, seeking female between 25-35 who's responsible. Enjoy fishing, outdoors. #2142. FAIRLY LONELY Guy who enjoys watching TV, going on drives, listening to radio, quiet evenings. Seeking 30-48 year old female with same Interests. No children. #2147. SINGLE WHITE man, 55, smoker. Looking for lady 40-50 who enjoys bingo & companionship. #2194. ATTRACTIVE, SIN- QLB whit* mal*, forty-seven, financially secure, romantic, affectionate, nonsmoker/drinker, self-employed. Seeks sincere female, thirty-five/ forty- nine, spontaneous, enjoys candlelight dinner*. Love pampering my lady. #2197. 38, WHITS, male, blond* hair, blue eye*, S asses, ISOIbs. Searching r, 28-38, white female for dancing, camping, fishing, traveling. Seeking Mend- ship for now, relationship possible. #2227. ATTRACTIVE, lonely guy, 28, seeking for white female between 2O-26. Salmon* who enjoy* mov- I**, outdoor* and good friendship. *aaa*. SEEKING A telephone gal. I enjoy conversation, people and building friendships. Attractive male, S'11". Enjoys art and spending lime with mends. ATTRACTIVE PROFESSIONAL #2188. Single white male, physically fit, successful in life and job. Seeks single or divorced white female, 25-40 to share It with. DIVORCED BLACK MALE #2228. Seeking f*m*l*s 28 • 80. Enjoy movie*, working out, good conversation, quiet time* at horn*. Race open. You tried the rest now try the best. EASYOOINO #22O1. Single white male, 34, 8'U, easy going country man want* good h*art*d lady, 25. 40 for friendship who enjoy* antiques/ outdoor*. No strings. Hays MEN FRIENDS SEEKING WOMEN SEEKING FRIENDS I N E MEN SEEKING MEN FRIENDSHIP FIRST #21*9. 7O+ widowed, lomly whit* mala. H**lthy, active! •••king whit* f*m*l* who Ilk** dining out, movl**, tr*v*l, cuddling. Non •mok*r/ drinker. Friendship first, po**lbl* relationship. FUN & FRIENDSHIP #2151. Gay white male, 50, 5'10, 175 Ibs, nudist, seeking others for fun and friendship. Sallna Area. Discretion assured. LIT* TALK «2220.53 y**r old whit* mal*, 5'7", 180 Ibs., nurture. Sieeks non smoker/ drinker, 40-35, no kids. Let* talk and hopefully find **ch other. LIKES TO RELAX #2232. Looking for single white female between 25-35. No smoking or drinking. Someone who likes •novles, going out to eat and relaxing at home. Looking For RomsncsT #2199. e'O", lesib. mal*, en leys sports. Seeking woman 35-48, non smoker/ drinker who enjoy* country music dancing * • committed relationship. SINCERELY VOURtt #2152 SINGLE WHITE male, 34, 6'3", 200 Ibs, brown hair, brown eyes seeking white female 22-40 for relationship. Enjoy dining out, dancing, watching movies, music. SLENDER IS BEAUTIFUL #21O4. Searching for woman 50-60 for love and companionship. Nice looking, well built white male wants to meet you. Enjoys walks, dining out, movies, enjoying life. WANT TO HOLD HANDST #2221. Attractive, divorced white male, 43, non-smoker, still believes In holding hands. Enjoy fun, friendship & adventure. Seeking single white female. Kids okay. #2O9B. WHITE MARRIED cou pie, 30's, enjoy country music, playing pool, auto racing. Seeking Individuals or couples for discreet adult fun. Social drinkers and smokers O.K. •2135. SINGLE WHITE male, mid 40's. Looking for Individuals for adult fun. Enjoy going out to eat, companionship and conversation. #2139. WHITE MARRIED couple, early 40's, seeks other couples for adult fun and friendship. #2143. DIVORCED WHITE male, 50, 6', 195 Ibs., non smoker or drinker, caring, quiet, looking for female for adult fun. Desire companionship, I'll return all calls. #2145. Nice looking 28 year old brown hair, brown eyes, Enjoys camping, fishing, dining. Looking for someone who enjoys the same and who Is outgoing. 4*2149. BLACK MALE, 30, 6'2", 175 pounds, professional, honest, caring, wants to meet gentleman, 38-65 any race for friendship and more. Very discreet. #2198. MARRIED WHITE coupl* seeking friend* for discreet adult fun. Social drinkers e> smokers OK. Discretion a must. #2222. WHITE. MARRIED couple, 45 •> 5O, seeking black couple, 40-55, for adult fun. Enjoy game*, racing * much more. No •Ingles. Looking for Adventure? #2193. Whit* married couple mid 30'* seeking black couple 2O-3O'* for adult fun. Enjoy dancing s\ videos. Fun I* a must! Discretion guaranteed. FRIENDS SEEKING FRIENDS #2O75. MARRIED WHITE cou pie, In our 20's, seeking friends for discreet adult fun. Enjoy movies, bowling, racing & dining out. #2O87. SINGLE WHITE male, seeking adults tor fun, ages 20-50. Enjoy sports, movies & fine dining. #2088. 31 YEAR old white male seeking gay male any race for fun and possible relationship In North Central Kansas. Discretion a must. #2O70. 61 YEAR old white male, still active,, seeking 45-65-year old male for companionship and whatever else might develop. #2004. LONELY, EASY going, bl" black male, 41, honest, flnan-" daily stable, In search of bl white" male between 30-50 lor friend-, ship, possible long term relation-ship. #2O98. 21 YEAR OLD gay white' male, seeking gay white male 18' - 27 for friendship and gpocC, times. Possible relationship. Sail-,! na area please. - #2138. 28 YEAR OLD white- male, 6'1, 230, brown hair, blue'- eyes, looking for 21- 30 year old,'good looks, [Ikes to have fun and talk. #2188. 37 y**r old bl /white male seeking 30- 45 year' old bl/ black male for «•- creet relationship. • ' #2190 I'M A pre-op transsexual who Is bl, tall, sexy and submissive. Full time' Queen seek* King. 8'2",240 Ibs. #21 OS COUPLE WOULD like to meet other friends. WOMEN SEEKING WOMEN #2225.5)1 WHITE (em*le, 3O, petite, seek* mature, soft female, gay, bl white female, 35-45 to guide me an my first adventure. No commitments, no men. Osy Black Professional " V22O2. Gay white male, honest,, ; un, spiritual, masculine. Seeking* Jlack male, 24-36 for friendship.- Mo games or drugs. I'm Waiting. - SEEKING OAY FRIENDS ' #2200. Qay white male, 25,' In search of other gay men, 21-35 In the Sallna area for fun, friendship and possibly roommate. Let'* g*t to- aether!! The Salma Journal Connection Line is run for (lie purpose of introducing individuals lo one another Yi right to edit or rciect any ad or voice greeting. By using Connection Line, the advertiser agrees not to lea It's As Easy As... Fill out this form with all the information needed. Then it's time to have a little fun. Be creative! Write your ad out the way you want it, giving that someone special the details you feel are very important! Are you the shy type? Now you can mail or fax your Connection I jne ad to the Salina Journal! Just mail it to the Salina Journal Classified Advertising Dept, 333 South 4th, Salina, KS 67401 or FAX it to (913) 823-3207! Now that everything has been filled out and your ad has been mailed or faxed, it's our turn! We'll mail you your Connection Line Mail Box Number and your Security Code with instructions on how to use the Connection Line System. CONNECTld + N^ L I N Write your ad at your convenience! No need to talk to a Journal representative. MAIL OR FAX YOUR FREE PERSONAL AD TODAY! The following information is kept strictly confidential and is necessary to send out your personal mail box number and instructions: .NAME: — ADDRESS: CITY/STATE/ZIP CODE: TELEPHONE: fei! 1 .**' WRITE YOUR FREE HEADLINE (up to 15 letters):. WRITE YOUR FREE 25 WORD AD: .JVlail to: The Salina Journal, 333 South Fourth St., Salina, KS 67401 (Attn: Classified), Fax (913) 823,3207

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,100+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free