Kossuth County Advance from Algona, Iowa on December 5, 1966 · Page 6
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Kossuth County Advance from Algona, Iowa · Page 6

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Algona, Iowa
Issue Date:
Monday, December 5, 1966
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Page 6
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A&VANCt mONOAY, DuC. 5, '* '" 0. I «m tending a copy'of * magatint article. Tho author cttot Incom* stocks that havr out-performed growth, stock* ''and his conclusion, as you will see, is that one should ignore growth stocks in favor of, income. Since you emphasixo f growth-stock purchases to •strongly, I wonder .what you have to say to this. A. The author includes in his list of "income stocks" a good many securities I would regard as growth stocks. To be sure, brokers, investment counselors and'all sorts of "authorities"'oh stocks seldom agree as to jre- icisely where to draw the line. One man's list of growth stocks inevitably includes some securities that another would consider income stocks and vice versa. .• ' ' . "" i t ; I notice also that he has taken ,as his base 1958, a year" Vvhen the market price of income stocks was abnormally low: they have risen ' dramatically sirtte then. However, let's take the most recent 10-year period. Using Jan. 1, 1956, as our/ base; let's consider the performance of growth versus income stocks as reflected by the growth-stock and income-stock funds of two different mutual funds. ; i .If you had put $10,000 m ( ^ie GROWTH common stock fund ;0f Investment. Company "A" oh Jan. 1, 1956, it would have been worth $30,334 by Jan, 1, 1966. ; During that same period "$10,000 invested in the INCOME stock fund of Investment Company "A" would have increased to $19,661. ...-•-'; Your original $10,000 invested in the Growth Fund of Investment Company "B" would have grown to $27,306. $10,000 invested in the Income Stock fund of Investment Company "B" would have increased to ;brily $18,956. It is a simple fact of investing life that growth stocks over a period of time tend to increase their dividends faster and eventually actually pay higher income than a group/of income stocks starting from the same period. I still believe that genuine growth stocks are a better buy in the long run. Q., Wo Invtittd $15,000 lour years ago with a mutual fund. Last February it was worth $18,700. Now It Is worth $15,547, When he Sold it to us, the salesman assured us it 'would doubte in, five years and in ,10 years would be worth $45,000. When ('mentioned this to him, ho acted as if he didn't remember saying it. .Should we with' draw from this fund, pay off debts .of about $6,500, and put the rest in'savings at 4Va per . A.' Vour salesman's memory is probably no more faulty than that of a great many other salesmen. Salesmen are naturally an enthusiastic group. I wonder If you checked to see if the fund actually doubled Jti the five years before you bought • '. t 4 , • I might point* out that you paid 8% in commissions to get into ,this fund, so the original investment you had working for you was $13,000 rather than $15,000. At $18,700 you had'a 50% appreciation, at $15,547 you arc still somewhat ahead of the game • and in the meantime you have been receiving an income in the form of dividends. The market doesn't always stay like it is now and the odds are on the next rebound it may make a more honest man out of your salesman. Interested in starting an investment; club? National Association of Investment Clubs' booklet, "An Educational and Investment Opportunity For You," tolls how to go about it. For a copy writ* to T. E. O'Hara, N. A. I. C., Dopt. S., Box 1056, Detroit, Michigan. 48231, enclosing a stamped, self-addressed envelope. OPEN HOUSE Lindsay Soft Water Co. of Algona will- have an Open House on Friday, Dec. 9 from 9"a.nvto 9 p.m. There will be registration for a free door prize and free coffee and doughnuts will be served. The public is invited to attend """ , , Gets commission Advertise in the Advance Largest PAID circulation LONG BINH, VIETNAM (AH- TNC)—Army Captain Wayne C. Knudson, 25,,(right), son of Mr. and Mrs. Jade Knudson, Bode, is congratulated o>n receiving a Regular Army commission by Lieutenant General Jonathan 0. Seaman, commanding. general' of II Field Force, Vietnam, during CBrampriiies at ..command headquarters, Oct. 22. .' •. Oapt; 'Knudson,, an / aide-dier camp with the .Office of .the Commanding General, Headr quarters, II Field Force Vietnam, was assigned at Ft. Ben- 1 ntiing, Ga., 'bstoe firriving in Vietnam in August 1965. The Captain is a 1958 graduate of Twin River Community High School, and attended Lutlh- er College. His wife, Judy, lives at 4103 Rosemont Blvd., Columbus, Ga. tenanca Administration First Class William K. Wyatt, Jr!, USN, son of Mr. and Mrs. William: K. Wyatt of Route 1, A1-, gona, is serving at the. U. S. Naval Air Station Oceania, Virginia •Beach, Val He will work in support of Navy aircraft squadrons flying the -world's newest arid fastest aircraft. From Oceana's runaways fly the F-4 Phantom II, the world's fastest operational aircraft and'the A-6 intruder, the Navy's < newest' all-weather attack airplane. .,; . Richard Pettit CHERRY POINT, N. C. (FHT- NC Nov. 21—Marine Private First Class Richard A. Pettit, son of Mr. and Mrs. Woodrow W. Pettit of Rural Route 1, Lone Rock, was promoted to his present rank while serving with the Third Light Anti-Aircraft Missile Battalion at the Marine Corps Air Station, Cherry Point, N. C. Using "HAWK". (Homing All-t'he-Way Killer) missiles. His battalion provides local med- uim range air defense against hostile low or .medium altitude targets. The battalion's HAWK missiles are also capable of de^ stroying some- types of missiles. William Wyatt, Jr. VIRGINIA BEACH; VA., <FH TNC) Nov. 21—Aviation Main with her niec* and huslftand, Mr. and MrS.'CtiafleA Wilmafth in BelmoAd. , , ,' Mrs.' fethei Beef was holiored at three 'birthday parties the last we&k by fofttici* ftsighibors and Mends oft Wednesday aiternoc'n, Friday, night and Saturday* night. 'Mrs. Charpsl Hauswirth and Jeanne, David Hauswirth of Des Moines and Mr. and Mrs. Rick Hauswirth and Julie were dinner guests Thanksgiving day at the R. L. Hauswirth home in Eagle Grove. . , Mrs. Laura Brockmah and family enjoyed dinner ThanksM giving day with her sister and and family, Mr, and Mrs. .Herbert Webner in -Mason City/ Da.yid Ha'uswirth of D«S Moines spent the Thanksgiving weekend with his parents, Mr, and Mrs. Charpel Hauswirtlh. ••Mr. and Mrs. Charles Thompson and Zona- were,, guests Thursday at the Ernest Bonn,- stetter home.\ ' •.:-'.•'. Val Moore and sons of'Hum : boldt visited Friday with tJhar- pal Hauswirth. Thanksgiving day guests at the Melvin Severns home were Mr. and Mrs. Jess Brandt and Ed of Creston, Mrs. Dorothy Bunting and Jerry of Waterloo, Mrs. Gustie Palmer and boys' of fleitwick. Donald Palmer fitld diught^ , of ^ Clifksvilte, Mo, tlnd Mr. *ftd Mr*, Steve Palmer of WeiJtter City and Mrs. Mayne Sc-vefns. Mr. and Mrs. Bernard Sptng- ler atterttkd a reception Sunday afterriioon a't Ea'gle GrbVe' tor Mr. and Mrs, Eugene Tveit. Mrs, Mayne Saverns returned home - Wednesday, from a VUlt of several weeks at the Jess Brandts at Creston, Thanksgiving Weekend guests at the Bernard Spangler home were Mr, and Mrs. Dwight Spangler and girls of West Branch, Mr. and Mrs. Roger Zimmerman and family of Cedar Falls, and Mr. and Mrs, Gary Schicihtl and Kirk of Tliom^ con. Other guests on Thanksgiving day were Mrs. William Gray and Richard of Clarion. Mr, and Mrs. Lee Williams, Mir. and Mrs. Gary Williams and family of Cedar Rapids, Patricia Williams of Bayard and Mike Williams of Iowa City were Sat 'urday dinner guests of Mr. and Mrs. Warren Mclntirie. - ! Joe Puffer spent Wednesday to Saturday at the Kenneth Williams home at Rose'mpnt, Minn, Ann Meyers was released Monday from tiie Lutheran hospital, Fcurt Dodge. Mr. and Mrs. Kenneth •Wag- And family vW ifftl at th& Val in Humboldt. Mf, aftdMrs.,t&hftMuiiirts, •ttd Mf%,Jim MulUft. arid By, ^y^ffw^^s Atojttl gHrte.<rf' * 7t,"fc »' rf ' '*•*'• tad Mr. atid Mrs. Ernest 6f' fttnftMfha, , *0« ' £ U « * t * day at the Rich* ard ivluUin hdtne in Clear Lake. Roland WiiUams and daugh* ter dl fort ttodfe ipstit Sunday at the d, ft. WiiliahW home, : Cotwith Mrs. Harry L. Maw Mr. and' Mrs. 1 Ervirtj Erickson of Thompson visited Sunday at the home of Mrs. Ethel Beer. Sunday dinner guests ait the, Robert- Skelley home were Mr. and Mrs. Jerry Knapper of; Hutchison, Mr. and Mrs. Golden Knapper of Forest r City and Mrs." Gail Skeiley. The dinner was in honor of the birthday of Jerry;. Knapper. ;....,; , ' ^ Mr. and Mrs. Marvin Scheiffle-j man, Priscilla and ••Paul, Arthur^ Seheffleman, Mr. and Mrs. D. B. McEnitaffer and John of Britt were Thanksgiving day guests at the Dennis Schefflemah home in Mason City.' Mr. and Mrs. .Carroll Cram spanit over Thanksgiving with h&r'bfother; Mr. affitfMrs."EWi*- ard Caine at Palos Heights, 111 Mr. and Mrs. Frank Rockwodd enjoyed 'Thanksgiving dinner GO OVER BIG I especially when they are GAS APPLIANCES! Norge Gas Dryer Caloric Gas Range ^^ ' •* m. -,-••.. , ^ '-•'-'•"'.•'.'. ^^ •- .",'. Brighten her holiday with a new Norge Gas Dryer . . . several models to choose from in several price ranges. The new Norge 4-way dryer dries all fabrics safely and automatically. You'll get the 5-Year Norge Dryer Warranty too. Trade with us now — you'll be money ahead. Broil and bake in the same oven with the Caloric Gas Range ... awaiting your selection for the holidays on our showroom floor. Lots and lots of "more sense" features will make you happier with a Caloric. See them today. •ak« Ywr ObriUmt • wbili rat with Gas from North Central Public Service Co. 5-24*4 G«$ $»ryfct« As rhave decided to quit farming, I will hold a public auction on the farm located 1 mile north and 1W mile east ant !/2 mile north of Bancroft, or 4 miles south, 4 miles west and mile north of Lakota, on > 9:15 a.m. WED.. DEC. 7 9:15 a.m. TRACTORS 1953 Allis-Chalmers model WD, wide front with Stan Hoist loader heathouser and belt pulley. Case model V.A.C. POWER MACHINERY Allis-Chalmers model 66 combine, with straw spreader, chopper and PTO extension on elevator, extra screens, pickup guards, good canvas. Allis-Chalmers 2-row cultivator, WD mountings. M.M. model 303 rubber tired tractor manure spreader. M.M. 2-row pull type corn picker with rear elevator and blower, Koyher corn saver. J.D. model 490.corn planter with fertilizer attachments. J.D. 111/2 ft. field cultivator. J.D. 15 ft. tractor disc. Roderick Lean 10 ft. wheel tandem disc. Cose 9 ft, wind rower. Oliver 3-14 in. tractor plow with Radex bottoms. OTHER MACHINERY J.D.tndgoteseeder. ' New Ideo rubber tired wogon with tteel ' Hart box. Rubber tired wogon, slot I flare box with 2 in, wood floor, INC 6 ft. mower. Steel wheel wogon and flat rack. 1952 Ford % ton pickup, good* rubber and overhauled. 22 ft Kovcr evencr. H igh pressure cylinder. 2 rotary shields for cultivator. Bopp wagon lifting pack. Yetter speed pack. 80 ft. hay rope. 12x28 tractor chains. 1 feed bunk, hog troughs. Jack, vise, fork, chicken feeders, etc., too numerous to mention. 260 gallon fuel barrel. Wood and coal circulating heater. 2 sets of wire corn ventilators. 12x14 ft. brooder house - wired. FEED, ETC. About 10-15 ton corn silage. About 400 boles straw under roof. Surge milker, RV 2 and pipeline for 8 cows. 6 con top opener milk cooler. 2 latest style large type Surge buckets. 7-10 gallon milk cans. "~ CATTLE (Bangs Tested) 9 Holstein cows running with W.F. Bull. 5 cows froth tince September, others to freshen in spring, 8 small calves, 9 W,F, yearlings, 6 steers, 3 heifers, 3 coming yearling W,F, calves, TERMS; Cosh, or moke orronsementt with clerk before tole. No property to be removed until fettled for, Not responsible for accidents should my occur. r * m * v «« ««* Walter Schittz. Owner Auctioneer*: Chorley Quinn i Cloir Clork Clerk: Formtn i Troder, Savings lank, Bancroft

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