Kossuth County Advance from Algona, Iowa on August 15, 1966 · Page 6
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Kossuth County Advance from Algona, Iowa · Page 6

Algona, Iowa
Issue Date:
Monday, August 15, 1966
Page 6
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•: GGN.4 (iowa) ADVANCE MONBAY, AUG. 15, 1*6* TODAY'S INVE51 ,>xA.^. J Xto> . ^. -*4&f?'nVfn? m^ •YtMOMAii.O'MAfU Chitrmin, loird at TruitMt Nations! Attoclitlon of invMimwrt Clufac Q. You emphasiie the importance of investing in "growing stocks." I'm not certain I understand what growth stocks are, to would you please explain them? And, aren't they considerably more risky than income stocks? A. To answer your last question first, I'm not entirely sure they are more risky. Let's look at a study by David L. Babson & Co., Inc. This firm invested a hypothetical $1,000 in each of 10 growth stocks and 10 income stocks in 1940. Ten years later, in 1950, the growth stocks were worth $26,739, and the income stocks $11,445. Besides that, the dividends from the growth stocks amounted to $6,218 while the dividends from the income stocks only came to $5,650. The Babson people continued their comparison through 1956 and found the growth stocks were worth $84,993 versus $17,760 for the income stocks. The total dividend income was $14,721 and $10,159, respectively. As to what a growth stock is, here are some standards to help you pick one: • The company is one whose sales are growing faster than the total economy is growing. • There is an increasing demand for the company's product, which is shown in progressive growth in net earnings—not just sales. • The company emphasizes research. • The firm's growth has been steady for at least four or five years, long enough to show that its increase is not a fluke or of a non-recurring nature. This is especially important with a new company whose management skills have yet to be proved. You can check each of these points by studying the con> pany's annual reports, or reading Standard & Poor's or other financial services available at your local library. A further thought: A large number of our fine large corn- panes are growth companies even though we do not tend to classify .them that way. Many of us tend to think growth companies can only be found among the small new companies in new industries. They certainly can be found here, but just because a firm is new and relatively unknown, it is not necessarily a growth company. Check the four points I mentioned above. Q. We have 500 shares in a growth mutual fund that we want to hold but we would like to start investing in another fund. We would like, if possible, to purchase it direct, without the services and commissions to the salesmen, since we do not feel we are qetting anything from his being involved. Can this be done? Also, what happens if the salesman should die, or leave the investment field entirely? A. Your salesman gets paid primarily for locating you as a customer and selling you the fund, After that, whether he ..continue! as a 'salesman ot not is goifigytb have little affection your investment. There are several alternate ways you can make your purchase, but I suspect someone will receive a commission, no matter what procedure you use. You can, for example, go directly to a stock broker and ask him to buy whatever fund you wish to own. Or, if you have already selected the fund you want, you could write directly to its home office. You may be able to deal directly with the people there; on the other hand, they may refer you right back to a local salesman—who may or may not be the same one you are now dealing with. If your salesman should die or quit the investment field, it will make absolutely no difference to your investment since your relation is really with the fund itself. Hove you a question about investing? Mr. O'Hara, editor of the monthly magazine, "Better Investing," and one of the nation's recognized authorities, will be glad to answer it. Writ* to T. E. O'Hara, National Association of Investment Clubs, Department S, Box 1056, Detroit, Michigan 48231, enclosing 9 stamped, $elf-addressed envelope. John Law's scheme for ex ploiting the resources of French Louisiana was known as the Mississippi Bubble. The Pony Express in 1860-61 operated between St. Joseph, Mo. and Sacramento, Calif. Salem is the capital of Oregon. Annual meet next Thursday at lone Rock Lone Rock —The annual meeting of the Lone Rock Co-op Exchange, will be held Thursday, August 23, in the Lone Rock school gyfn at 8 o'clock . There wilt be a review of the past year's business, election of directors, and discussion of new business. There will be a speaker and various drawing for prizes. Lunch will be served by the women b£/'the Lone Rock Presbyterian i.ph'urch. Agriculture today is a big challenge and members and wives are urged' to attend. L. W. Ge^tzenauer is manager of the Exchange and Ralph Bierstedt is r secretary. - GOING TO TURKEY A X 2G Eugene Hutchinson was recently.home on, leave with his parents..the Lloyd Hutchinsons. He stopped at Grapevine, Texas, for a few days with his brother Don Hutchinson. He will be stationed at Ankara, Turkey, for the next year and one half. The'Drifters Camping club, Lone Rock, planned an outing last weekend at Crystal Lake. There are 30 families that belong to'the club. Several members of the Edwin Wichtendahl family have been home recently for the funeral of Mrs. Sophia Wichtendahl. Coming were Mrs. Sharon King, Irving, Texas, and her two daughters, the Bill Oranges of Chicago, 111:, Larry Strayers and two children, Fort Dodge. Janette and Joan Wichtendahl, who both work in,Fort Dodge, were also home., ; •':"•• The /.Charles Dackens, Des Moines, have a son born July 22. The baby' is named Timothy Charles and is the grandson of the Waljter Dackens, Lone Rock. A. A.V,Krueger and Lloyd Hutchinson went to Mankato, Minn.,,. Wednesday to watch the Minnesota Vikings practice. W. p..Weisbrod; AN Patrol Squadron' 17, is home on a ten- day leave at his mother Mrs. Art PriebeSi'He is stationed at Whid- bey Island, Oak Harbor, Wash, tie has been in Hawaii where he has completed a schooling period there; The. -'AfjL Priebes have returned from a,, short trip to the Wisconsin Delis.i Mrsjf/Mary Genrich returned Augusty6Vfrom an extended trip. She left; Lone Rock June 6 for Carthage, Mo., visiting at her son Dr. M. E f Genrichs. In Missouri she also visited Mrs. Hazel Leming who Was in the hospital. Mrs Lemlng is formerly from Hampton. July 5 she left for Houston, Texas, and another son the Bernard Genrichs. August 8 Mrs. Lucille Hanson and daughter Kathy, Geneseo, N. Y., came for two weeks with Mrs. Hanson's mother, Mrs. Mary Genrich. Lu Verne Fern Bigings ••••••••••«>•••••««*••••• TRIP TO EUROPE Marlene Shelton has gone on a tour to Spain, Germany, England, Ireland, Scotland and also France. She was accompanied by Jane Renkel with whom she was living with when teaching in Denver, Colo. The trip was made by air and they plan to be away three weeks. She is on the faculty of Stephens college, Columbia, Mo. The daughter of the L. B. Sheltpns, LuVerne, she has been their guest this summer. The John Ramuses, Winter Haven, Fla., came to visit here. Mrs. Ramus is visiting her mother Mrs. Cecile Lichty, her sisters the Wayne Dornbergers and Mrs. Freda Wermersen and families at Sioux Falls, S. D. John is in LuVerne visiting his relatives and friends and is a guest of his sister the Allen Darbys. The Ramuses were long time residents here before moving to Florida. The LeRoy Johnsons, of Sac City, were guests Saturday evening of the Earl Neals. Mrs. Johnson, formerly Ronda Demr in, lived in the Neal home when she was music teacher in the LuVerne school. She now teaches music at Fonda. The L. B. Sheltons left Tuesday for Toronto, Canada, to visit their son, Lee Shelton. Mrs. Charles Bastian and children, Vincent, visited her parents the Jess Jergensens Monday. , Gary Thomas, St. Paul, Minn., was a weekend visitor with his, parents the Bett TftoinaseS. His niece Raejean, daughter of the Richard Hewitts, LuVerne, returned With him to visit aunts and uncles. Gary now. goes to Camp Ripley, Minn., "for two weeks National Guard training- The Jess Jergenstns, grand' children, Judy, Dale and Paula Jergensen, were Sunday guests of the Charles Bastians at Vim- cent for the birthday of Mrs. Bastian. The Orville Longs, of Des Moines, visited his sister the Bert Thomases Sunday. PIKE — Ron Rethum of Manchester had a good day's fishing on the Mississippi river at Gut- tcnberg recently. He returned home with six large northern pike, one weighed about 12 Ib. and another 10 Ib. In Paraguay there is a firefly called the "railway beetle", which flashes a red light at the ends of its body and a green light along the sides. THOMAS FUNERAL CHAPEL FENTON Experienced Embalmers and Funeral Directors m—~ A «^_ RELIABLE 24 HOUR AMBULANCE SERVICE —•— Funerals May lie Referred To Us With Confidence Phone 889-2796 — FENTON RINGSTED PHONES: 386-1006 — 986-1001 — 886-197( IlllUllllilllllllllillllllllllllllllllllllllllillllllllllll' 5ft JHf FAMOUS GUJHRIt EXCITING MINNEAPOLIS and stay W. R. FRANK'S MOTOR HOTEL AND RESTAURANT lust 5 Minutes From Downtown and Mpls. Auditorium; Facing Fair Oaks Park and Minneapolis Institute of Arts DISTINCTIVE DINING 7 a.m. to 12 p.m. Dally Famous For Quality at Moderate Prices. Free Transportation to i Airport, Train and Bus I Centers. Also Met. Stadium, Guthrie Thcatrt and Other Points Upon I , Request. . CITY _ HEATED POOL With Secluded Sun Terrace, Poolslde Service. 100 LUXURY UNITS Air Conditioned ' with Complett Hotel x Services. • - 1 Mail Coupon lor FREE Color Brochure: |- • ..' - • "' .. 1 f NAMF 1 1 ADDRESS .-__ STATE....:_. , „ For R«nnr«Uoni. Write, Win, or Phon. 612-336-4391 "FAIR OAKS.MOTOR HOTEL AND RESTAURANT ' U.S. HWY. 65V 24TH ST. AT 3RD AVE. SO. MPLS MINX « "stair step" electric rates go down... LAST WEEK! ' BUICK • PONTIAC * CADILLAC HERE'S JUST ONE SAMPLE OF MANY VALUES 1965 BUICK LE SABRE 4-DOOR SEDAN ,., and down as you use more electricity. So, the more electricity you use the more you sav0 through lower average costs., . and the better you live ... electrically! Algona Municipal Utilities SUPER TURBINE TRANS. POWER STEERING POWER BRAKES WHITEWALL TIRES SAFETY GROUP TINTED WINDSHIELD DELUXE WHEEL COVERS CUSTOM MOULDINGS SEAT BELTS BACKUP LIGHTS WINDSHIELD WASHERS PADDED DASH PADDED VISOR DUAL SPEED WIPERS LIST PRICE $3532.33 ...... LESS $353.23 YOU PAY ONLY ........ $3179.10 PLUS TOP TRADE-IN ON YOUR USED CAR NOW IN PROGRESS ENDS MONDAY AUG. 22 CHOOSE FROM BIO STOCK OF MODELS OF BUICKS, PONTUCS AND CADILLACS NOTICE WHEN YOUR PHONE RINGS ANSWER IT BY SAYING . . . "SOHULTZ, BROS. SELL FOR LESS" It May B. KLGA Radio Calling and You Will Win A VALUABLE CASH PRIZE SCHULTZBROS. Buick, Cadillac, Ponliac Salts and Service On Far Leu JUST EAST OF FAIRGROUNDS, ALGONA ON THE SPOT FINANCING — NO SALESMEN OR SALESMAN COMMISSION — DEAL DIRECT WITH THE OWNERS

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