BY THOMAS E. O'HARA Chairmen. Board of Trustee* National Associates of Investment Cluba Q.I bought some General An iline & Film in 1965, paying $40 (» share. Since then the price has igone down steadily. I'm diseau and wonder if I should A. You are doing something which leads a great'many people to serious errors in the stock market. It looks to me like you are looking at the priea of this stock and'not making any effort THURSDAY - FRIDAY SATURDAY 11 x 14 Portrait of Your Child it No Handling Charge if No Appointment Necessary if Choice of Poses if Children of All Ages Quality Attured • Satinfaction Guaranteed Portraits by Boll Photo Labs McrGMMS fURNlTUKE Kings Mountain, N. C. to understand what is in back of the price. Admittedly, it is very discouraging to buy a stoek at $40 and then see its price drop to $20 to $22 a share. But, if you look at the important part of the record, since you, boyght the stock in 1965 its sales have gone from $240 million to $4S4 million in a year. While earnings per share have £>t shown the same kind of growth it Seems possible that they will do so in the not too distant future. It seams to me you paid much too high a price for the stocHc when you bought it. At the lower price it appears to be a much better value and I certainly would not be in clined to sell it at this time. This is the time you should have dyne your buying, I Wcbiidn’t expect the price to double over night, but with the sajes growth the company is having and the pros pects of earnings growth, it see pis the price is likely to ev entually show some improve ment. .. Q. .1 loaned an investment club and when., I went to my broker he said: he didn’t care to handle the account. Why wouldn’t a bi;oker want this kind of busi ness? A. I can think of tiwo reasons. No. l, your broker may never i have earned some of the techni ques of handling investment ! clubs efficiently and consequent ' Iv feel that clubs tpke too much j tirhe. No. 2,he may ig>t have learned j that even the smallest invest ment club is likely to send him, many additions] customers. Neither of these is typical. Brokers who have had consid j erable experience with invest ment clUbs .know that they can [be very profitable1 for the brok ers as well as for their members. Admittedly, the business of an investment club doesn’t bv itself usually make a profit lor the broker until the club has grown quite a bit. But ip almost every instance the broker can count on oieking up a fair amount of bus iness from members individually and friends they send to him. This is business that he likely would not receive were it not for the existence of-the dub. The president of a new club recently assured me that only one of his members had ever bought stocks and th^t ,yie rest didn’t have the money to do any buying except through the club’s $10-a-month payments. Two Costner Wins AF Unit Honor CHEYENNE, Wyo.—Staff Ser geaht Joe T. Costner, son of Mrs. Daisy Costner of 509 Rhodes Ave., Kiny* Mountain, N. C., has beet, recognized for helping his unit win the coveted U.S. Air Foret Outstanding Unit Award. Sergeant Costner, g computer specialist at Francis E. Warren Apfe, Wyo,, will wear the di* tinctlve -blue service ribbon as a permanent decoration as a mem ber of the 1370th Photo Mapping Wlbg. The wing was cited for accom plishing an extensive aerial photo mapping survey and related geo detic missions well ahead of schedule and at cost savings. A major subordinate unit of the Military Airlift Command, fne 1370th provides mapping and survey missions in response *0 Aix Font* and'other Defense De partment needs. Its personnel are stationed at numerous locations in. the United States and are oft en deployed throughout the wqrld. The sergeant, a graduate of Central Hlg^i School, attended Howard Business College, Shel by, N. C. His wife, Donna, is the daugh ter of >frs. Mary Nixon of Pue bio, Col^ months latgr he told me in am azement that one member had received a $200,000 inheritance and invested inwith the help of the dub’s broker. Experienced brokers have found a well-run club is likely to .have a record of doubling its as sets every five years. This not onjy makes it highly profitable for members, but a valuable ex ample for the broker in talking to other customers. Have you a question about in vesting? Mr. OHa.rp, editor of the monthly magazine, "Better investing”, *nd one of the na tion’s recognized authorities, wHl answer as many as possible in his column or by personal mail, but must limit questions to those of more general interest. Cor respondents will receive a free copy of “Setter Investing”. Write to T. E. p’Hara, National Association of Investment Clubs, Dept. S, Box 1056, Detroit, Mi chigan ,48231. AT SAN ANTONIO — Airman A. Woods. Jr., son of Mr. and Mr*. Bebert A. Wood*, Sr„ of At. 1, Kings Mountain. N. C. tut* completed basic training at Loakland APS. Tax. He i* re running at the Air Force Tech nical Training Center for speci alized schooling as a security Airman Woods is a el Lincoln high school. City. N. C. A. V. Dedmon's Biles Condncted Funeral rites for A. V. Ded mon, president of A. V. Dedmon Trucking Company of Shelby, were held Saturday at 3 p.m. from Elizabeth Baptist church, interment following in the church cemetery. Mr. Dedmon died early Thurs day afternoon after declining health for some time. A native of Cleveland County, he was a trustee of Elizabeth Baptist church and was a former mem ber of Shelby Kiwanis club. He wps ft member of the Shelby Char ramber of Commerce, the N. C. Motor Carriers Association and the N. C. Household and Ware houseman’s Association. He left the farm when he was 23 to go to work for an oil com pany. Twelve years later he opened a tire shop and operated that business for three years be fore purchasing Ellis Transfer Company in 1942 and changing the -firm’s name to A. V. Dedmon Trucking which he has operated since. Memorial funds have been des ignated to Elizabeth Baptist church. service charges on First Checking. Now you can enjoy all th# advantages of a First Union National checking account, for free. You pay no service charges when you keep $100 or more in your First Checking Account. • "0 Some of our customers may prefer our Economy Checking where you pay only a small charge for each check you write. Doesn’t it give you a good feeling to know you have a choice at First Union National? Q First Union National Bank Pigeon Substitute For The Telephone A drug wholesaler in Buenos Aires uses carrier pigeons to com municate with some of his cus tomers who have no phones. It seems that Buenos Aires suburbs have been affected by a deteihor ttion of the Argentine telephone system; some of the 400,000 re ipests for phones on file with the state-run telephone company lave been on the books since mo. The wholesaler provides his customers with pigeons. When the customer wants to place an order, he writes it on a piece of paper, ties it to the pigeon’s leg, and lets it fly back to the whole saler. When the wholesaler’s de livery boy goes to the customer with his drug order, he also brings along Another pigeon, §aid i R. te. Moore, local telephone man-; ager. School Enrollment Survey Underway Information to determine how many children and adults under 35 are enrolled either in school or college will be sought here the week of October 16, Director Joseph R. Norwood of the Cen sus Bureau Regional Office in Charlotte announced today. Questions on this subject are asked each year at this time to update national figures on pub t lie, private and special school en rollment, full—and part-time col lege attendance, the number of high school graduates and drop outs, and the last year of reg ular schooling for non-high school graduates. A similar survey taken a year ago showed that more than 55 million persons were enrolled in school or college, about 30 per cent of the civilian population. The 1966 figures represented an increase of 19 percent over 1960 enrollment. This inquiry is in addition to questions about employment that the Census Bureau asks each month to obtain data for use by the Department of Labor’s Bu reau of Labor Statistics in de termining national employment and unemployment figures. The survey ;will be taken sim ultaneously throughout the U.S. from a representative sample of the nation’s households. All an swers are confidential, and the information obtained will be used for statistical purposes only. Census Bureau interviewers who will visit households he^e October 16-21 are: Mrs. Ethel S. Rock* tt . , 908 South Street Gastonia, N. C. 28052 Mrs. Doris S. Brooks 505 Richards Drive Shelby, N, C.' 28150 You And Social Security People who rely solely on in lormation from friends and neigh-1 Dors about social security are toe- i ,ng short-changed because they are paying for more reliable in formation, Lex G. Barkley, dis trict manager of social security in Gastonia noted. ‘The doors of the social se curity office swing wide ahd the people in the office are ready to assist all who .walk in,’fe Mr. Barkley said. “Social Security is your program and the distinct of fice employees want to see you get your money’s worth.” He added that #o tone, should hesitate to ask for information about his rights a^d responsibili ties, and pointed out-thkt many people' understand one part of ne law tout do not understand some other part which may be just as important for them. For example, most people go to the social security office to complete their application for benefits when they are about tp retire,but many are riot aware that a telephone call ahead of time asking what to bring with them may save an extra trip. Most people know that if they ■are permanently and totally dis abled they may qualify for dis ability benefits, but many do nol know that a disabled person may now qualify fori disabilitj benefits if his disability is ex peeted to last 12 months. Those who know. that .widows and minor children receive mori tijtly benefits if the “breadwin •ner” dies, may not know that de pendent parents can also receive rponthiy ~toei|ef its. It is common knowledge that people over 65 are eligible foi medicare, but many people dc not know that they need to sign up 2 i«t Be Aecepi ponied By Parents. 50c Handling On Each Fqw Photograph. KJngt Mountain