S. r^68 d Fri- Kings ssued, ' jre in- ’ Mrs, id the vows. It pro- !« dur- Dixon hurday James iy and y and Char- Fellow- with a 3caJ(es i cold Dixon Friday I Mrs. entine build- I spon- D.m. in ir chil- ss, will Home- "its for ■ojects re co- nder is Thursday, February 15, 1968 KINGS MOUNTAIN HERALD. KINGS MOUNTAIN, N. C. ■Y THOMAS E. O-HAMA Ckalnnan. Sowd of TraoMoo Notlondl Aaooolitloii of Invoitmom Cfubo Q. I have about $19,(KX) in savings bonds and my credit un ion. 1 plan to draw out $215 a month, or $2,.580 a year until the saving.s are exhausted. Do you think there would be a better way to invest while taking out $2,580 a year? A.. 1 don't know what your crerlit union is paying in interest,; but you can get 5 per cent or more in good municipal bonds or simply in .savings certificates at your bank. If your savings bonds and credit union don’t equal this, then I suggest you consider switching your investment pro gram. Keep in mind that compound interest can do a lot for you. I’d like to cite a chart used by the National Association of Invesl-I mcnt Clubs to point up how a] wi.se investment program can I provide additional retirement funds. The chart shows that if you save $1,200 a year from age 40 through age 59, with interest compounded annually at the rate of 4 per cent, you will have $37,- IGl by the time you are 60. Having A ^ Wedding? Call Paul Lemmons Phone 487-4502 Photographer 3:30tfn At this point you can start withdrawing $1,800 annually — $600 more per year than you put in—and still have $27,822 left when you reach the age of 79. That is supposing, you put the money you saved in a bond or a bank savings account. However, if you were to buy good growth stocks at a reasonable price and get appreciation in both price and dividends, your rate of re turn could be even higher and give you a still greater income eventually. Q. A friend says, “don’t put your money in savings and loans associations because their funds aren’t liquid enough." What does he mean? I can see no danger in them. A,. He didn’t mean that sav ings and loan investments are not safe when he said they are “not liquid enough". He just meant that most savings and loans associations have rules under which they can require that you wait a while before you can withdraw your investment principal, although not your in terest. Savings and loan associations were originally set up to provide mortgage funds. They required the notice of intent to withdraw in order to protect their clients. So far, few if any savings and loan firms have actually demand ed the delay in paying out of principal that they are entitled to. Your savings and loan deposits are, of course, protected by the Federal Savings and Loan Insur ance Corporation, a federal agen cy, against loss up to $15,0(K). In addition, real estate portfolios held by savings and loan associa tions which seemed to face the same problems a year or two ago seem to have improved in quality in recent months. So, you should have no concern about their safety as investments. Since anotlier part of your question had to do with infla tion, I will say that I think this is a more serious threat to the value of your dollar, and that you might better cope with it by investing a part of your funds in stocks, or concertible bonds. « • « 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, but must limit ques tions to those of more general interest. Correspondents will re ceive a free copy of “Better In- vestinig." Write to T. E. O’Hara, National Association of Invest- ment Clubs, Dept. S, Box 1056, Detroit, Mich. 48231. Burlington Consolidates Two Divisions WILMINGTON, DEL. — Sales for Burlington Industries, Inc., in its second fiscal quarter are run ning well ahead of the same per iod last year, Charles F. Myers, Jr., president, said here tixlay. Speaking at the annual meet ing of shareholders, Mr. Myers said "sales since the firsl of Jan uary are about 16 per cent ahead of this time last year, and our order backlog Is also greater. We expect that sales and earnings in the present March quai ter will be well in line with December quarter results.” Outlining efforts to seek new business opportunities, he cited the expansion of Burlington op-' orations abroad in market areas, which are growing in size and purchasing power. He noted that Burlington’s offer to acquire a majority of the outstanding stock of Schappe A. G., a company headquartered in Basle, Switzer land, “has been successful.” Schap plants are located in France, Germany, Spain, Switzer land, Sweden and the United Kingdom, and manufacture spun and texturized yarns, knit goods and other textile products. “With these operations and our other international plants," Mr. Myers staled, "vve are In good position to expand sales abroad. Our international financ ing subsidiary, Burlington Inter national, Inc., has Just complet ed the sale in Europe of a .51) mil lion Swiss Fraiii- ($11.5 million) bond issue. ’Phese 5L> ix'r cent bonds have a 15-year maturity and were sold at par to non-U..S. investors." Capital expenditures for plant modernization and expansion for the past three years have totalerl $.330 million, Mr. Myers said, and will enable Burlington to benefit from the growing demand for textile products. At pre.seni, he adder!, production facilities are operating at about 95 per cent of capacity, and the Company plans to spend an e.stinialed $125 mil lion this year for further plant and equipment improvements. He\iewing llu- Company’s pei- formance in its fiisl fiscal (luai- ler ended December 30, he noted that sales increased 16 jier cent ovr-r the .same (|uarler last year, leaching a record quarterly high of $392 million. .Xiet earnings in- ensased 21 per cent to $20 mil lion or 79 cents per share. ■Mr. .My<>r.s commented that "while timre are many unknowns here and abroad which can at feet the general economy in ItMl.'s. the outlook for textiles an