The Capital Times from Madison, Wisconsin • 2

THE CAPITAL TIMES, Friday, March 18, 1977 TAI Sam Shulsky guide Madison's oldest restaurant meat supplier mm 1q KM Ftaturts Syndco has that much more to gain from tax-exempts. You don't and shouldn't have to take anyone's word for it. Get out your calculator. Deduct the tax bite from any taxable income and you can determine in a moment what a tax-exempt bond can do for you. Q.

If I draw $2M a month from J17.H In savings, how long will the money last? A. $200 a month comes to $2,400 a year which means a withdrawal rate of 14.1 per cent. If you draw 14 per cent from an account earning 5 per cent your money will last 9 years. Q. My daughter bought a few shares of stock.

Suddenly a few hundred shares were added to her account and the dividends were Increased' tremendously. There is a great temptation to keep the money. A. It's illegal to retain these dividends. She should notify the paying agent.

Q. My friends and I read your column daily, have written you but have not received an answer? How does one get a question answered in your column? A. If your previous letters did not include a stamped, self-addressed return envelope (as your latest message also failed to do) you would not have received a personal answer. If the question was not of general interest or failed to point up a common problem it did not get any space in the column, either, where, it should be obvious, only a tiny fraction of the questions received can be answered in print Shulsky trelcomes tcritten questions, but he trill be able to provide answers only through the column. For information on mutual funds, please include a telf -addressed, stamped envelope.

Address your requests to Sam Shulsky, in care of The Capital Tunes, P.O. Box 8O6O, Madison, Wis. 53708. Selling Direct-to-Consumer SATURDAY, MARCH 19, 8 A.M.-l P.M. Neesvig's SPECIAL Q.

We are the verge of retirement; have already selected an expensive re-' tirement heme. At first we were going te raise half the money via an per cent mortgage, bat now my knsband thinks we shonld pay cash since any I money we retain by not paying all cash I could not cam what the mortgage will cost ns. I'm afraid of being left with practically no cash reserves. A. Your husband's arithmetic is correct; your womanly fears are entirely reasonable.

(And if any kibitzer were to complain that "they both can't be right," I'd tell him that he's right, too.) I have no way of knowing your life-: style or how this $75,000 house and the retirement regimen it implies will suit you and your budget. Even with a generous pension it could prove an ex-. pensive dwelling. Will it allow for some luxuries cars, trips etc. It would seem to me that a comfortable solution would be to borrow the mortgage money but with the express provision that you may pay it off at any time without penalty.

This program would leave you (the wife) with the comfort of a sizable cash reserve, at least until you see how the retirement budget actually works out; and it would leave your husband with the assurance that he can wipe out that mortgage any time he can prove to you that your budget will permit it. Q. am determined the approach of April IS always does this to me to shelter more investment Income from income taxes. Friends say this Is nonsense unless you're a very rich man. A.

Some readers insist they don't want to pay even a penny of income taxes, if they can help it. Others are willing to abide by the figures. If you file a joint return and your taxable income (the amount subject to Federal income tax after deductions U.S.O.A. Choice LEG '0 LAMB Boneless 6-8 lb. avg.

SIRLOIN STEAK Boneless 10 lb. boxes $fl09 Neesvig's "Geld Shield" SMOXED HAM Boneless 4-10 lb. ovg. $2 i i 1 a S219 Over-the-Counter Quotations from me NASD ore representative inter -dealer or ices, inter -deoter markets change through mt fJOv Prices do not include retoil morkuo. morkdown, or commission.

4 oz. serving 47' ea. 8 oz. serving 94 ea. "Our Old Style" RING BOLOGNA (Course Grind) FULL 1 LB.

RINGS Buy 3 Rings BEEF TENDERLOIN FILETS 10 lb. boxes Industrials Utilities Anheuser 204 1VU Ark West Gas 28V. Cit Util A 36 37' Comol Paper 30'i 3IVi Gateway Tr 5' 6V4 Godfrey 17 174 Madison 16'4 174- Oftertail 20 20 Pabst Brew 21 22 Staritelnd 14 14 Tompox 34 35 Warner Brk 17Mi 18 WehrCorp 15' MVi Neesvig's "Easter Time" POLISH SAUSAGE 6 per lb. $119 5 lb. box I fc.

$109 10 lb. box I Bi. .99 8 oi. serving $1.29 ea. Local Securities BANK STOCKS Marine Korp 33 34' Marshall lis 35' 37 Mid NB Milw 7 8 INSURANCE Cap Transom 2' 2 Class Flnan 2 3 Time Holding 19'4 20'4 INDUSTRIALS A UTILITIES Econ Labs 24 25'4 Fabritek 1H 1H Kearney Trek 11 11 Mil Pro Spts 5 Nasco Int 5 6 Nicolet Inst 13V4 14 Post Corp IB' 19'4 Schultz Sav-0 9', 10 Wis So Gas 13' 14' Insurance Stocks Am Heritage 9H 10 Conblned Ins 157 16' Franklin Lf 22 23' Lance Inc 20 20 Nat Old Line 6 6H NN Corp 19' 20 Penn Life 3 116 3' Reliable Inv 14'4 14 Bank Stocks Cen Nat Chi 8 8 Vol NB Ariz 17 18 MIlWAUKEt ST.

SAUSAGE Demonstrations and Sampling Recipes! USDA Federally-inspected plant All products blast-frozen Cash-and-carry We honor food stamps 417 ATLAS AVE. 1 1 MADISON, Wl 53714 PHONE: 221-4222 ncoiuoi GtOViMMO CHICAGO GRAIN CHICAGO (UPI) Wheot was lower, corn irregularly lower ond oots and tovbeans mixed at the close Wednesday on the Chicago Board of Trade. Wheat wos off 1 to 14 cents; corn off Vi te 2: oats off 'A to uo li ond sovbeans uo 1 to off 7. Profit-taking In soybeans uo to the closing bell trimmed earlier gains and left most futures or Ices In this commodity at their low points for the day, with the exception of July ond August, which closed with small goins. Wheot futures traded lightly ond under Influence of sovbeans, and corn futures were under commercial selling pressure stimulated by octlve overnight movement.

The outside morkets were mostly lower. GRAIN FUTURES By United Press International CHICAGO BOARD OF TRADE Open High Low Close Prev. and exemptions) reaches the level, the income from a per cent municipal bond is the same as you would retain, net, from a 6.94 per cent investment subject to Federal (only) income taxes. (If you also pay state and local income taxes, obviously the net income from a 6.94 per cent taxable source would be less than 5 per cent.) If your taxable income gets up to your top dollar of that income is taxed at 32 per cent, which means that a federally taxable investment yielding 7.35 per cent leaves you with no more, net, than a 5 per cent tax-exempt (and, again, leaves you with a lot less than 5 per cent if you also pay state and local income taxes). A single taxpayer, of course, gets into the higher tax brackets faster than those filing a joint return and therefore Norwalk water contaminated NORWALK (UPI) The village drinking water supply has been con-I taminated, so workmen have unplugged a culvert and forced flooding of a marsh that was collecting agricultural runoffs, it was disclosed Monday.

No serious illnesses had been reported, however. A test laboratory at La Crosse found that water unsafe. Meanwhile, residents of this northwestern Monroe County community were boiling their drinking water and water was being transported in from other communities. The Department of Natural Resources has been pressuring the village to go to a below ground well. The village is now getting its water from a surface spring, and it was believed the agricultural runoff was getting into it.

Wheat 5,000 per ku SOUTH ST. PAUL LIVESTOCK SOUTH ST. PAUL, Minn. (AP (US-DA) Cattle and calves Thursday slaughter steers and heifers very limited, about steady; cows fully steady; bulls steady; choice 2-4 1000-1250 lb slaughter steers 36.00-37.00; good and choice 2-3 35.50-36.00; good 34.00-35.50; choice 2-3 1100-1500 lb Holstelns 34.50-35.50; good 32.50-34.00; choice 2-4 850-1050 lb slaughter heifers 35.00-36.00; good and choice 34.00-35.00; good 2-3 32.00-34.00; utility 1-3 slaughter cows 28.00-30.00; few 30.50-31.00; 3-4 26.00-29.00; cutter 1-3 24.00-28.00; yield grade 1-2 1400-2000 lb Slaughter bulls 33.00-36.50; 1000-1200 lb 30.00-35.00; vealers fairly active, stead; choice and prime 50.00-65.00; few 67 choice 40.00-50.00; choice 70-110 lb 23.00-35.00. Hogs barrows and gilts slow, steady to 50 lower; 1-2 200-250 lb 37.50, couple shipments 38.00; 1-3 200-260 lb 37.00-37.50 2-3 260-280 lb 36.00-37.00; sows weak 1-3 300-600 lb 33.50-34.50; wet sows discounted 1.00-3.00 per hundredweight; boars 23 few 24.00; weights 200-300 lb 25.00-31.00.

Sheep 200; all classes steady In a lightly tested trade; deck choice and prime 124 lb wooled slaughter lambs 44.00; other weights and grades absent early; good and choice slaughter ewes 14.00-16.00; utillty 10.00-15.00; choice and fancy 60-90 lb feeder lambs 46.00-51.00. MILWAUKEE LIVESTOCK MILWAUKEE (UPI) Cattle 800; uneven; choice steers 35.00-37.00; choice heifers 33.00-36.00; good holstein steers 32.00-35.00; utility dairy heifers 28.00-30.00; cutter ond utility cows 27.00-29.00; canners and cutters 23.00-27.00; good bulls 32.00-34.00; common bulls 28.00-31.00. Calves 600; steady; choice 48.00-70.00; good 36.00-46.00; feeder bull calves 30.00-50.00; replacement heifers 40 Hbgs 300; steady to .50 lower; lightweight butchers 35.50-36.50; top 37.50; lightweight sows 32.00-34.00; heavyweight sows 31.00-32.00; boors 24 Sheep 100; weak; choice 40.00-48.00; ewes and bucks 4.00-8.00. CHICAGO POTATOES CHICAGO (AP) (USDA) Malor potato markets FOB shipping points U.S. 1A Wednesday In 100 lb socks: Washington russets 4.50-4.75; Idaho russets 6.25; Wisconsin russets 5.75-6.00; Colorado russets 5.50-5.75; Colorado red McClures 5.25-5.50; Minnesota North Dakota Red River Valley round reds 4.15-4.75.

JOLIET LIVESTOCK JOLIET, III. (UPI) Cattle sales Insufficient to establish market. Hogs weak; No. 1-2 200-240 lb 38.25-38.50; No. 1-3 200-260 lb 37.50-38.25.

CHICAGO EGGS CHICAGO (AP) Wholesale buying prices Thursday 4 lower to 1 higher; Closs 1-large 56; Class 2-large 56; mediums 45; smalls 42; nest-run breaking stock 50; checks 43. WISCONSIN EGGS CHICAGO (AP) Wisconsin egg market today: steady; supplies ample; demand irregular, mostly disappointing. Prices: Grade A large 66-71; mediums 57-61. 2.72 2.73 Mar 2 81 2 74 1 81 2 90 2.96 V. 2.88' 2.77 2 85 2 92 3 02 2 96 3.05 3.11'.

1.13' 3.13 bo; I per bu 2 5SVi 2.SS' 2.53' 2. 73 'A 2.79 V. 2.86' 2.93' 3.03' 3.12' 2.54 2.60 2. 66 '4 2 687. 2.72 2.77 1.71 1.71 '4 1.64 1.60' 2 61' 2.67' 1.72V4 2 78 2.85 2.92 3.02 3.11'.

2.53 2 58' 2 64V. 2.66 2.71 2.77 1.71 1.70 V. 1.64' 1.60 I may Jlv Seo Dec Mar Corn Mar May Jlv Seo Dec Mar Oots Mar May Jly Seo 2 2.67V, 2.69 2.74 2.58' 2.64 2 66 2.70 2 69' 2.73'4 2.76 2 79 S.tio bu; per bu 1.71 1.72' 1.71 1.70' 1.72 1.64 1.60 1.72' 1.66 1.62 1.65' 1.65' 1.61 1 63'4 1.65 Dec Soybeans bo; cents per bo 8.45 Mar .45 49 8 50 8 62 64 8.65 44 1.63 '4 52 52 I 50' 38 7.74 7.19' 7.25 7.30 7.32' I 73' 75 73' 59' 7 86' 7.25 7 31 7.35 May Jlv Aug Seo Nov Jan Mar 41 7.61 7.14 7.19' 7.25 7 79 7.22 7.30 7.35 7il9' 7.27' 7.27' 7.34' 7.34' May Soybean Oil lbs; cents per lb 27.05 27.27 Mar 27.20 28 05 27.20 May 27.60 28 27 27.55 Jly 27.90 28.48 27.75 Aug 28 0 5 2 8 4 7 2 7.75 27.70 27.70 27.90 27.85 27.00 26.15 27.48 27.47 27.10 26.35 25.72 25.65 25.00 Seo 27.50 28 10 27 00 Oct 26 50 26.95 26.00 Dec 26 00 26 20 25 00 Jan 25.65 26 00 25.00 Mor 25 60 26.00 25 15 May 26 00 26 35 05 Soybean Meal IN tonsj Mar 236.00 239.00 230.00 25.00 25 10 25.05 25.75 25.70 per ton 230.00 234.00 233 50 233.50 237.00 237.50 240 00 0244.00 342 50 246 50 240 00 235 60 218.00 235.10 218.00 243.00 223 00 CHICAGO CASH GRAINS CHICAGO (UPI) Wneat, corn and soybeans were mixed at midmornjng today on the Board of Trade. Prices at 10:35 a.m.: Wheot Mar 2.79 off May 2.87 up Sep 2.94 up Vj. Corn Mor 2.54Vj crff 'i; May 2.60 iWh; Jly 2.6AV3 up Vi.

Soybeans Mar 8.59 up May 8.60 up Jly 8.59 up 9. super, smooth lamb leather jackets at a VSfm 0)2 super price sTj values from $150-170 A-XS Supple, aniline lamb the luxury fJkJ5 A leather now at a practical price, AnrswY IK Superb craftsmanship and nllll Tllil fll handsome detailing com- c) I vZz) bined into a great contem- 'r hJj Available in subtle l-3-jL earthtones, sizes L-A-" I Yyk 36 to 46. Add fl3' Sj V) fvO- some leather to tAt Jfj your spring fea jCSM HS lf-- wardrobe from I iAn) f7 Vr the exciting col- lwTffll Vd-J Leather Experts 7r jl I I I EAST T0WNE MALL 238.30 241.40 238 30 220 80 196.50 194.00 194.50 194.50 196.00 May Jlv Aug Seo Oct Dec Jan Mar May 223 00 198 00 196 00 195.50 194.00 191 00 196 00 195.50 194.50 194 00 191.00 192.50 193.50 194.00 191.50 192. SOB 193 00B 195.00B B-Bld. Proxmire registers victory in anti-bribery bill support reports of bribery.

And not only is there "no disagreement on the principle that bribery is morally bad," he added, "it is also bad for business." "Public ctnfidence in business," Prtxnare said, "is severely ended by revelations" ef foreign bribe attempts. Secretary Blumenthal agreed that bribery is "morally repugnant and simply not necessary," but he said he is "seriously concerned" about the enforcement procedures in the Proxmire bill. "The bill must be improved in several respects," he said, to ensure equitable enforcement and to protect against "undue offense" being taken by countries whose officials are implicated in domestic investigation. Blumenthal stressed that his objections "do not represent an intent to weaken the thrust of the bill or io delay its passage," but he said as currently drafted, it is not "workable and fair." Proxmire said he is "verynpressed with the strong and thoughtful statement," but said Blumenthal's ob- jections "concern me somewhat." He said it is "hard to see how it would give offense to foreign countries" to have an American anti-bribery law since such a measure would "be in their own interests." Sen. John Tower, the conservative Texan who was responsible for killing the bill in a parliamentary move last year, sided with Blumenthal.

"1 WNkb't want to be In the pesltle ef bringing dewi a friendly government," he said, "and precipitating seme kind ef left-wing government," Jnst because the eld regime was taking bribes from American-based maltlaa-tienals. Proxmire and Blumenthal also differed slightly on the language defining an improper bribe. Blumenthal noted that business practices differ from country to country and he said there is a need to clarify the language. "It seemed to us," proxmire rejoined, "that this was a classic and rather limited definition of a bribe." By STUART LEVTTAN Capital Ttmt Correspondent WASHINGTON U.S. Sen.

William Proxmire (D-Wis.) got his first fruits from Jimmy Carter's victory Thursday, when two high-ranking administration officials announced their support of his bill to prohibit overseas bribery by American firms. Last summer Proxmire called the Ford administration's stand on nti-, bribery measures "feeble." Thursday he was in a different mood; Treasury Secretary Michael Blumenthal was "obviously a very brilliant man," and Roderick Hills was an "excellent chair-t man" of the Securities and Exchange Commission, "one of the most effective regulatory bodies in government." Opening a Senate Banking Committee hearing, Proxmire said a strong law against corporate bribery is essential to the preservation of American democracy and capitalism. "TV Image tf pur demecdW abroad is lamishrd and the effectiveness tf oar diplomacy is diminished," he said, by.