Kossuth County Advance from Algona, Iowa on October 6, 1966 · Page 17
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Kossuth County Advance from Algona, Iowa · Page 17

Algona, Iowa
Issue Date:
Thursday, October 6, 1966
Page 17
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1 Question: Your column makes Investing seem easy, but I've •hied away from visiting a broker because it sounds as if there would b« a lot of red tape and technicalities involved. opened a If you have charge account ever at a department store, you are in for a surprise when you get around to visiting a stock broker: opening an account be very much with him the same, will and maybe ever simpler. Most brokerage houses have the same requirements. You must be at least 21. You must supply your name, address, business association if any, a credit referrence (Usually a bank) and your social security number. Subsequently, you simply call Mm, place your buy or sell order and that's that. The com- plexities'of the stock market lie more in arriving at a decision as to what stock to buy or sell, and when. Question: I am a reasonably •mall investor and I want to know how I can get meaningful information on the management of firms, in which I might invest. When I ask my broker about a firm, he says, "Oh, the management of that company is conscientious and dedicated to making money for the stockholders." I want something more. Answer: And right you are in demanding to know more than generalities about a corporation's top management before you invest with it! We all recognize that judging management is important. We might think we need to meet and talk personally with the corporation brass, but this isn't the best way at all. Actually, a personal interview, besides being out of the question, for all of us (when, would management have time to run the firm?), also could confuse or mislead us. We might, for example, be taken with the charming personality of a corporation president who was inept as a manager,' While a particularly good chief executive might'turn us away'from a good investment by hte brusque manner. In addition, there is the fact that not many small investors know what questions to ask in order to learn the most about a firm. There is, however, a way open to all of us to put top management of any corporation under the financial microscope. There are figures available to all of us which represent the record, management has established and these figures make it possible for each of us to get a good idea of management's ability and agressiveness. ~ Here is how the National Association of Investment Clubs' suggests that its member chjfos arrive at a decision as to whether management is the kind to interest us to invest in a particu- AUGOMA (Iowa) ADVANCE- THURSDAY, OCT. 6, 1966 sirthday Sept. 28. She is a red- attd"lsltTg< &i-ML ftArt Jen ,* tt< * 'Visitea*'fteF also received cards, plants, and greetings, -and a decorated cake front her daughter, Mrs. Brudvik, Humboldt. Burt Mrs. George Hawcott »+»»•»»»»»»»»«'•»»*«»•»»» lar corporation: 1. Check the rate of sales growth for the last five to ;ten years! Does the management have a'record of increasing sales at a rate faster than the economy is growing and faster;-than, his competitors.. 2. Check the rate of increase of earnings per share! This will tell you Whether management is controlling the cost of its increased sales and production so as to show a profit for the shareholders. And whether earnings growth is keeping in line with sales growth. 3.' Check the percentage earnr ed on sales, and the pre-tax pro* fit margin and compare this with the company's competitors. 4. Check the firm's earnings on invested capital. This is related to No. 3 and will show if management is using the corporation's assets properly. Your study should be based on a five>to-ten year period. DIES — Sheldon' 8 , oldest resident, Marretje Wansink, 101 died at her home there Sept. 18 Mrs. Wansink and her late husband moved to Sheldon in 1918 To be married Bode — The F. L. Bakkens, Bode, announce the engagement and forthcoming marriage of her daughter, Corinne Rippentrop, :o Larry Shirk, Forest City, son of the Simon Shirks, Bricelyn, Minn. Both are employed at De- uxe Products in Lake Mills. The wedding will take place October 28 at the Little Brown church in Nashua. Trudy Rossing, daughter of Dr. arid Mrs. T. D. Rossing, Livermore, was the Twin-Rivers band representative at the 18th Kossuth Band Festival in Algona Saturday. She' is a senior In Twin Rivers high school and a member of "the marching and concert band. She is also a member of the Girls Glee Club, and WSCS Of the Burt Methodist church will meet at 2 p.m. Oct. 5 with, hostesses Hazel Teeter, Genevievfi Graham, Bernadine Opheim, Stella Geesman , Esther Schrader. Tlie program is by Mary Jean Andrews, Ivy Simmons, Phyllis Wiener. The annual turkey supper will be ser ftfeb.,,called on St weik They Had ci "Square Deal for Every Child"-! Clifford Holding, San Francis' ' tf ^ * '' ' ^ * • * «'"'« f ' * -* V* f> "• "^ ' cp, and Larry Holding, Peru, Burt friends last _..... eofne to 1 Alg6ftk for the funeral M iVSn Lbhg, who was ' a brother-in4aw and Uncle. •- •—••• •••-•-•"••• •:-••• ' -~ LaVerla WestHttg, 37, sister of Raymond WetstHrig, died at 4 a.m. Sept. 29. Funeral servcieS were at 1 p.m. Saturday at Me- Cullough's funeral home in Algona with bUrial in Stratford in South Marion cemetery. Mrs. Otto Westling and LaVerla had been living at the home of Mrs. John Grotte, Algona. The Walter Rpntzes left early Saturday for Ionia' "to visit her parents the Herman Mohrings. They returned Monday. Aid of St. John's Lutheran church will meet Oct. 6 at the church. Hostesses are Viola Cunningham, Patsy Eimers, Esther Miller. The market basket is" by June Bierstedt, Lena Abbas, Lu- day in any of the Sefttral ahjppls. Teachers will attend the ossuth Teacfters Institute. Pat Hutfcet, who has made her idrtie with the firvin Wetzels for Die'''past two years, was hdme ast weekend from ISstherville- ege"Where she is going to ved Oct. at Burt 12. Methodist church mixed chorus, choir of St. and Olaf the senior Lutheran church of Bode. Mrs. Viola Thompson returned Sept. 24 from a month at her son's in Trenton, N, J. MrV Thompson helped care for her three grandchildren during the convalesehce of Mrs. Elwood Thompson, who had surgery on her right foot. The Joe Rivenesses, Portland Ore., the Paul Dasens and Mr Hyanga, St. Arisgar, visited Wed nesday with Mrs. Gena Olson and the Allan Olsons. Mrs. Olson is a cousin of Mr. Riveness an< Mrs. Dasen. Mrs. Anna Hanson had her 91s' ella Schadendorf. topic is television The program Menace or The Bill Schatzes and Mrs. A. C. Hinckley attended the wed- ling of Gene Krohnberg, Owa- onna, and Jeanette Lehman, Hue Earth, Saturday ; at St. 'aul's Lutheran church in Blue Darth and the reception at the White Hquse Cafe dining room. Jene Kroh nberg is a nephew of Urs. Hinckley and is high school ;eaoher at Redwood,Falls, Minn. Dawn Opheim had girls in her class at her home; Saturday for ler 7th birthday. ^Saturday friends and relatyes spent the evening. L. H ; Riedel and the R. WiU- retts went to Escanaba, Mich., Sept. 24 to visit his son'the Gerald Riedels. On their return trip jhey visited the Rev: Wm. Scheers at Wisconsin Dells. The Legion and Auxiliary will meet Oct. 4 in the Legion Hall. Hostesses are Mary Nelson and Blva Boetcher. "Service by Those Who Care" is the theme chosen by Mrs. Dale Baird, Dept. Pres. Emphasis will be placed on the rehabilitation this year. AuxH iary 'members bake cookies, make bed shoes, scuffles and bibs for the Veterans hospitals The Junior Auxiliary members are now making nut cups and favors for the holidays to be sent to the various hospitals and homes in Iowa. In the child wel fare program the theme is Ally. LHFS Auxiliary meeting is Oct. 18. Lone Rock 7S members. The hospital, dotft* mtifttty sefv1(s§ S dent awards were awards, , ittt* flA»ATASMAVAV.V.V.'.-.V.'. RECEPTION DATED Sentral Band Mothers will host a reception for faculty members in Sentral October 11 at 8 p.m. t the high school building, ames Bonnistetter, Iowa High- vay Patrol, will be the speaker, lev. Bullock, Lone Rock; will lave devotional part of the program. There will be a ladies uartet from, Fen ton. Mrs. Ralph iammerstrom will preside and SUpt. D. G. Keoppel will introduce the faculty. The public is nvited. Refreshments will be ;erved by the Band Mothers. There will be no school Tues- at 'Mercury! sdhool. She is a 1966 graduate of Sentralind is : taklng a practical ntirsiflg course at EsthefMlle. Hter name was omitted from the List of other Lone Rock grads in last weeks paper. Auxiliary in North Kossuth wins awards Swea - Eagle — Seven members of the VFW- Auxiliary met Friday at the Post Home to make ditty' bags for the Red Cross to be sent to Viet Nam for. Christ mas. They made and filled 20 bags. . Working were Auxiliary president Mrs. Bruce Graham, hospital chairman Mrs. Amery Charl son, Mrs. Earl Kvamsdale, Mrs Robert Holm, Mrs. Edwin,:Berggren and Mrs. Kenneth Brones. The Auxiliary received an .award for 100 per cent reporting for hospital work last year, also an award for 100 p0r cent in, the health and happiness fund. This means paying $1 per merniber into this fund at the national home at Eron Rapids, Mich: This Auxiliary was $1 over the quota The local Auxiliary also received a cash award for the best for eign exchange student program of any outside of Des Moines. Another cash award was re ceived for community service Marlyn Paul, M\kb ark! spent 'the, weekend, at, Jt vilfe, til., where they attended the hog sale at the Potted farm, 1M Marlyri Paul, &ndy, Sieve and Jeanette spent the weekettd at Iowa Falls, guests of Mrs, Elnora Paul. Birthdays of the Nete God' fredsons were observed Sunday: Quests were the Cecil Godffed- sons, Humboldt, Mrs. Mefvin Jolirison and <Jhildf6ti, and- the Eddie Godfredsons, and Harry Loofts, Madrid. The Paul Isenbergers, Stanley, is., visited two days last week at Nels Godfredson'l They had been to Kentucky and Missouri, and Were enroute home; 'The' Harold Carrs were Sunday visitors ait the Linus Vas- for the second best overall project for Auxiliaries with 26 t ke's; Rolfe. •.Saturday visitors at Harold Parr's were the 0. B. Koons, Vlrs. Gettman, and the Franklin Koons. The Harold 'Currans, of Britt, and Don Hanigs, Wesley, were Sunday guests at August Robison's. The Clifford Beadles were callers. . ' . 9 aurt jt ' 'rnray/, ,OCf* T , f \ : ;^t a.m.: Worship scrvk*! 10 a.m.: Sunday 7:30 p.m.: Merry Wednesday, Oct. 5 p.m.: WSGS'turfcey Sub-District • Minister's mg. Largest PAID elrculaH** Advertise in the AeWeiie*)/ The Frerichs. were rrecent Saturday guests of her sister, the Lyle Wcstfalls, Graettinger, then at South Sioux City, were Sunday guests of her brother, the Lloyd 1 Baldwins. The Ed Frerichs were recent visitors at Orin Aanonson^s, at Ringsted. The Joe Conlins, Ruthven, were Sunday visitors with her aunt and uncle, the^William Tobins. ;t The Rev. S. H. Hammers were. Sunday guests of their daughter, the Darrel Bishops. i Patty Guinn, student at Mankato Commercial college, spent the weekend with her parents, THOMAS FUNERAL OHWtt FENTON Experienced C,i Embalmers "and/,;, Funeral Directors RELIABLE 24 HOUR AMBULANCE SERVICI Funerals May Be Referred To Us ^ With Confidence Phone 889-2796 — FENTON RINGSTED PHONES: 886-1006 — 986-1001 — M6.1970 rt PA Slf* Your gas com P an y and appliance dealer have declared a y I V?CI L saving season on gas appliances. And it's right now. Stop 511 lf"l I Win ' n wnere vou see the Great Autumn Sale displays. dU LMI IIII Look overall the brand-new gas ranges, gas dryers and sas water heaters; pick the one you want now, Gas makes the big difference. [Costs less.too.) Northern NeturalGat Company Ik* Untamed elegance/ America'* firtt luxury sport* tar •I a popular prtee. This Is the day of thfc Cougar. An entirely new kind of driving machine from Mercury. Mercury Cougar is a true luxury car. With an ice-cool elegance, With a European flair and thrust to Its styling. With a roomy, full-width rear seat! With standard features found, until now, only in expensive cars. Examples: Sequential rear turn slg- C u. in. V-8. Compression nals are standard! They flash ratio: 9.3:1. And it uses |n three $teps (at the rate'of regular fuel. 70 times a minute) to point When we say Mercury un- the way you're turning, leashes Cougar, we mean it, Cougar is a superb sports car. It moves on cat feet. Tracks true. Rides smoother, quieter. The price? Less than you'd expect. At previews, people have overguessed by $1,000! We believe Cougar is the best-equipped luxury sports car for the money. And at Cougar's price, you can Indulge yourself in such better-idea options as: Styled steel wheels, 4-speed Concealed headlamp* are standard.' They hide by day and, cat-like, open at night. Iniide, vinyl-covered bucket teats, cushioned with molded foam, are standard! Wall-to-wall deep-loop carpeting, tlandardl 3-spokf Steering wheel, standard! And in a car this luxurious, you'd expect 9 V-8 engine. Cougar has it. A 289 <?9Vf*r «xJuwni runt through th« whet* Mmvry Hftf, Iff §11 If m«*VI«. iff your Mtrfury tW«Ifr Uf|f<| •( rifht, "^ ItlNCOtN-MERCURY PIVIS10r| stick or "Mr. and Mrs." Select-Shift Merc-O-Matic that lets a man run it through the gears . . . lets his wife leave it in automatic. Also a 4-barrel Marauder 390 GT V-8. Vinyl-covered Oxford Roof. Sports Console. Also: Tilt-Away steering wheel.' Power disc-brakes up front. A finger-tip speed control mounted on the turn signal lever. But first: See Mercury Cougar. Untamed elegance. At your Mercury Man's.yourMercurydealer's. TAYLOR MOTOR CO. 3W EAST STATE] ALGONA NORTH CENTRAL PUBLIC SERVICE CO. 10 EAST STATE STREET - AtflONA

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