Newspapers / The Kings Mountain Herald … / July 6, 1967, edition 1 / Page 12
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LAMES' Flat—Med. & High Heels Big Reductions On All Prices. One Big Grp. One Big Grp. Vais. To 7.99 Vais. To 11.99 3.88 5.88 GIRLS' SHOES Ideal For School—Vais. To S.99 ENTIRE STOCK LADIES' SUMMER Sportswear — Including — Slacks —Skirts -^Shorts— Swim Suits — Rlouses — Knit Tops — NOW REDUCED ENTIRE STOCK MEN'S S & Sporteoats AH Drastically Reduced BOR CLEARANCE Choose yours now while the selection is good and there is plenty oi time left to wear it AND NOW WHILE THE PRICES ARE RIGHT! ALL GIRLS' Sportswear Sizes 3 to 7 and 8 to 14 — INCLUDING — SHORTS —KNIT TOPS SLACKS — SWIM SUITS 1 3 OFF Original Price FOR HUGE SAVINGS VISIT OUR PIECE GOODS DEPT. Drastic Reductions ON SUMMER AND YEAR-ROUND FABRICS Entire Stock— Big Selection LADIES' SUMMER Junior-Misses-Hali Sizes 1 3 OFF Original Price Hurry While Selection Is Good PLONK’S = = Q. After several bad years, Chrysler' Corporation has: shown 1 a: comeback: with better/ manage ment and new policies. Why, therefore, does my broker say that it can't be considered a growth, company?' A: You can find almost as many ^definitions of growth companies as.you can find investors. Broad ly; Ijwould consider any company whldh has hhd a record of grow* ing-faster thanr industry;, in gen eral as a growth company. First, you must remember that the Am erican economy as a whole has grown for many years at a com pounded: annual rate of about 3 per cent. You also have around 2 per cent annual inflation over the-long--term; Consequently; any company that has a record of growing at better than 5 per cent a year begins to be of interest as one in which your nroney may begin to-grew at a better thanav emge rate. There is also the fac tor to be considered as to wheth er this kind of growth is likely to continue in the years ahead. With our growing population and worldwide development it seems reasonable that a good rate of growth can continue in the auto industry although cyclical varia tions may seem to point other wise at £(ny given time. Of course when we are placing emphasis on growth, many of us tend to be satisfied only when we have twice this rate of growth or better, and that is probably what your broker has in mind when he says Chrysler is no t a growth company. Like all of the auto companies, It is not a high rate growth company, but it does have a good rate of growth and when youcanbuy it and the other auto companies at todays bargain prices, you may over the long run do better with it than ydu would with some of the higher growth rate companies whihc are selling at much higher price in relation to their earn Full Docket Aired In City Court On Monday The following actions were taken Monday in Kings Mountain Recorder’s Court, Judge George a Thomasson presiding. Robert F. Ernest, drivings with out a license, not prosecuted; Ronnie R. Bingham, assault on a female, not prosecuted and prose cuting witness ordered to pay court costs; John Vamodore, sim ple trespassing, continued until July 10, Kenneth B. Hamrick, non support, prayer for judgement continued 30 days; Bobby Carson, assault with intent to kill, found innocent; Edgar Moore, Jr., viola tion of prohibition law, 30 days or $5 and costs; Jerry L. Rock holt, assault on a female, nine months or $25 and costs; Lemuel L. Ramsey, driving without a li cense, 30 days or $25 and costs; Hubert W. Lankford, assault with a deadly weapon, four months or $35 and costs: Jimmy L. Stewart, assault on a female, six months or $10 and costs. Also, Carl Sisk, assault on a fe 1 male, found innocent; Talmadge ■S. Sullens, non-support, capias or ■ dered issued for defendant; James Benton, public drunkenness and prohibition violation, 60 days or $10 and-costs; Joe H. Willis, driv i ihg on the wrong side of the road, capias ordered issued; Brenda L. Stroup, charged with driving without a license and failing to have vehicle inspected, 90 days or $25 and costs; Marshall J. Har relson, driving without a license, capias ordered issued; and Ron ald H. Huskey, driving without a license, 60 days or $25^ afid costs, also charged with suite lar ceny, waived preliminary hear ing and bound over to Superior Court with a bond of $1,000. The following submitted to the charges against them before court and paid the assessed fines and court costs: Galas W. White, speeding 40 in 25 zone; Marguerite T. Plonk, charged with failure to yield right of way; Robert L. England, improper muffler, Judy H. Day, speeding 50 in 35 zone; Suanmy P. Hutley, stop light violation; George W. Ramsey, improper muffler; Rommy R. Burns, im proper muffler; Jerry L. Rock hold, stop sign violation? Henry. H. Houser, following too close; Phillip G. Ross, exceeding a safe speed; Rebecca C. Peeler, stop Ught violation; Hopie J, Curry; following too close. Mrs. Bowen's Bites Conducted Funeral rites for Mfs. VOvie Allen , 83, sister of Mrs. Richard Curry of Kings Moun tain andiMts. Daar» Lovelace of Grover, were held Monday, at 3 pun. from Pleasant Hfll Baptist church. Mrs. Bowen died Sunday in a Morganton hbspltaf. Other survivors include four sons,., three daughters an<J one ings. Q. Our investment club has assets of about $3,500 and I’ve been urging the members to ap prove a bond for the treasurer agent. It isn't that I don’t trust the treasurer-agent (I am he), but I just think it would be good business. A. I agree that, no matter how much you - trust your treasurer agents, or financial partner, it is good business to have a bond: You can get one from any insure ance agency offering bond cov erage. Obviously, your club Is not af filiated with the National Asso ciation of Investment Clubs. The NAIC’s $10-a-year membership fee per club includes a $25,000 fidelity bond on every member of the club. NAIC membership would be the last expensive way to bond your financial partner. There are many other advan tages to NAIC membership, be sides. Q- When my husband died 12 years ago, he left me $70,000. The money has been in mutual funds and some stocks which I bought on my own. It does seem to me that in 12years the estate should have grown more than $2,000. A. You don’t say whether you have been taking the income on your investments. If you have, and the principal sum has in creased just $2,000 in 12 years, you haven’t done well. On the other hand, if you haven’t taken any income for 12 years and your original $70,000 is now worth only $72,000, the situation is appalling and you need help quickly. Considering the amount of money you have invested and ydur investment record to date, you cannot afford to be without the advice of a professional in vestment counselor. You could easily pay his fee and still come out way ahead in your invest ment performance. Ask your banker to refer to an investment counselor in your area. • Have you a question about in vesting? Mr. O’Hara, editor of the monthly magazine, ‘‘Better Investing”, and one of the na tion’s recognized authorities, will answer as many as possible in his column or by personal mail, but must limit (Questions to those of more general interest. Corres pondents will receive a free copy of ‘^Better Investing”. Write to T. E. O’Hara, National Associa tion of Investment Clubs, Dept. S., Box 1056, Detroit, Mich. 48231.1 25-Pound Package Can Go. Pint, Class Mailers will be able to send 25 pound parcels between first class post offices ► which are 150 miles or more apart starting July 1, Postmaster Charles Alexander reminded patrons today. The present weight limit is 20 pounds, he said. This is the first of five in creases scheduled to take effect annually until 1971, when a 40 pound, 84 inch maximum size will be authorized between all first class post offices. Size limi tations are now 72 inches in com bined girth and length. The next increase, on July 1, 1968, will raise the weight limit to 30 pounds. On July 1, 1969, the weight limit will be increased from 30 to 40 pounds; on July 1, 1970, the size will be increased to 78 inches; and on July 1, 1971, the size is scheduled to l»e in creased to 84 inches. Postmaster Alexander minded mailers that pa^Jra weighing up to 40 pounds can be mailed between first class post offices less than 150 miles apart. Packages addressed to and from 2nd, 3rd, and 4th class post of fices, Alaska and Hawaii are not affected by the increase in size and weight provisions of the Pub lic Law 89-573, which became ef fective January 15, he said. i i i BUILDING FOR THE FUTURE 5 Dividend Payments of Bringing Total Payments For 1967 $88,941 Dividends Paid Gn Accounts Of As Little As CURRENT RATE 4.50% PER ANNUM DEPOSITS BY |ULY 10 EARN FROM |ULY 1 £ Kings Mountain Savings & Loan Assn. I. R. DAVIS. Pres. IOE R. SMITH, Sec.-Treos. What do these things, have in, common? HOME FURNISHINGS AND APPLIANCES : VACATION EXPENSES First-Citizens Bank finances all of these at low bank rates! You can count on First-Citizens Bank for complete, low coat financing for every worthwhile purpose. Get all the advantages ai low bankrate financing ... a convenient repayment) ptos* to fit year budget . . . and prompt, friend!)* service. Come in soon. We want to serve you. i VA'M
The Kings Mountain Herald (Kings Mountain, N.C.)
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July 6, 1967, edition 1
12
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