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Show Street Front- Wall - o has DEMPSEY of suggested Inyestments Main Street 1 1 .j hi My Spare Time by Tom Roberts time someone of importance said something, my stock went down half a point . 'After the of two first exchanges ' notes I got a telegram from Continued from last week my Last week our ypotheticalf Di. Ralph G Lawrence explained how he won several Irish sweepstakes tickets, inherited some money, and sold some land so that he had SI, 000,000 left after taxes. He' invested it first in Hil ow, Irrc. a company which he thougt t produced toys, but it turned out th.t toys wire a er miner line. The company lost .round when the gov. mint nt di lnt renew lt contract. broker. o st MARGIN CALL Have you ever margin call? Its quite an expel leime. first you watch the price of your stock go lower for a while; then when youre feeling had a because bad youve lost money, you get a margin call. Thats a telegram Horn vour broker saying that tne laue of your account has fallen to suen a low point that you dont have the amount of collateral yt,a need to support your loan It riaily makes you feel on top of the world to know tnat after youve been losing money, you have to put up more money to support further losses. My total investment was worth about 1,055,000 and 1 owed my broker $533,425 on my loans. I was sure, though, trial it was just one of tnuse temporary things, and the value of General Utilities was cer--tainly worth more tnat $31. Well, I had to put up more collateral or sell some of my securities. My house furiosi. ings, car arid cash value of my life insurance policies were worth $50,000 as collateral, so I used them. Things sort of quieted down, but my stock stayed where it was. At least it wasnt getting any worse, bless the government. Then the Public Utilities Commission decided that it A margn, Ill tell you hat happened to me so that I had you can do likewise. bought 15,200 shares of General Ltilites Holding ouan and equal number on tright N&s Xhe value of my margin. investments grew, I used the additional value as margin to buy more shares. I now had s. 34,032 shares of General by using a o Util-ltii- original investment m ( a a al Utilities was $456, 000 ami tin p, r aimded'value My 34,032 shares worth $35 die, or a total of $1,191, 12i'. Not half bad for an amateur is it9 Theres nothing like investing In conservative gi ow tf, stocks. a o i, far as was concerned. U. S. Air announced force plane A was missing many. This hit the market kind of 'hard. My broker later said it was " vulnerable Vulnerable is a word for describing the state of the market after it has fallen, but somehow it doesnt seem to work as a forecast. The bad news didnt hit the utilities as bad as the rest of the market, and General Utilities did bet- ter than most of4he utilities. 5 ji r O ALL PROFIT GONE? i , . -- -. too, but It worth the price. STILL - GOOD 4 ? 277-18- Will trade for equity - 3bdrm brick home, Bath 12 full bsmt. lot l&tfEast South. Call 278-11- Francis J. Stillman, son of Mr. and Mrs. F. B. Stillman 3375 Oakwood Street, has been selected as a research clerk on the California Third Dis- tnct Court of Appeals. Mr." Stillman is a recent graduate of Stanford Law School and will perform his duties in Sacramento. He is an alumnus of Olympus High School. PROFIT, NOT ENOUGH realised what hapThen I had made money on pened! each option when I exercised it, but I hadnt figured on the cost of the options! They cost me $225,000, and I made only $25,000, so I was down $200, 000 even though the price of the stock I bought the option on -. rose fr.om 29 up to 1 still had $2 to J0,000 left, say nothing of several big. tax deductions. I would just as soon not have had them though. 5thSouth-68t- h 326 17 Bldg? 3000 feet or larger with plenty of parking. Outside of City limits, in county. Call 266-58- 326 50 SALE FOR ' window cornice with liv. rm. drapes (rose), pink .dining rm drapes, 6 paneled Picture Hawaiian print drapes, organa (piano with organ attachment), grey all wool shag rug 12 xl4, clothing. Call HU Cannon Named Utah Research General Manager For For Sale - Family membership to Crestwood swimming club. Development, at a Salt Lake company doing space age research inprojectssuchashigh velocity particle testing. Dr. Cannons new position is a result of a reorganization of the company - making it a division of Interstate Engineering Corporation instead of a subsidiary. Dr. Cannon was vice President and director of week see how Dr. Lawrence used tax advantages to aid him on his dauntless crusade to turn $1,000,000 in stocks into $500 cash') (Next JOHN DE HAAS MEN S HAIR fTYLlNC HAIR COLORING BLOWSTYLING FINE bAheEHlNG research. The firm is located at 3200 West 2100 South. Dr. Cannon is a alumnus of the University of Utah and has been with Lockheed in. Palo Alto. He lives at 3494 Santa Rosa Drive. Cull for Appointment 486-054- 4 ORAYSTONE PLAZA 170 27th SOUTH here Bartering is an Art! E For information after 30-1- Dr. Emerson T. Cannon has been appointed general man-- , ager of Utah Research and Sale - Upright Piano $150. Call CR 5 call pm CR Olympus Hills - $22,700 all carpeted, fenced, landscaped brick home. Has 4 bedrooms, baths, all electric kitchen, formal dining room. Call owner CR TF reading, spelling, math, English, algebra, geometry, science, handwriting, French, public speaking, bookkeeping, SatWeekday afternoons, C W by urdays, supervised Special chairs 3310Southl885 319 INCOME TAX returns $5 and .Your hom'f or mine qp: Quarterly reports and book- tf keeping Call CR7-420- 48 7. 're- facilities open, raoi'e hours to students In Holladay area. Thorough training in piand art. Call. Arleen Bird 319 New ' covered in naughyde. $6 and upree pick up and delivery. 3 Fred heesley, or studio HU3-183- T1 New studio beginning vocal, speech, and piano. Call Marge Dubach For Sale We buy and sell used - cu. ft. Ph!1 12 co chest type freezer. Excellent Cond. Phone IN7--075- 1. TF Sale 262-228- -u INVESTMENT? dog, unlined. Supply .Call AM6-960- hour own 278-366- own trans. material. - $1.25 27h-3G- For Rent 2 bdrm apt. unfurn. carpet, drapes, disposal, heat, hotwater, washing facilities, carport, 4347 Highland Drive. -- per 319 j 326 1. NAIL STORAGE down so CR7-156- 278-286- 5. hauled, yards, base& garages cleaned. Trees removed, logs sawed, shrubs trimmed. Also want reg. lawn care for summer. after 5' pm Call week days. 326 12-vo- Western Battery Between State 4 Main, Business women clubs, organizations private parties, large dinning room. Excellent food. Smiths 2832 E. 6200 So. .Drive-In- n CR7-093- 278-981- Westinghouse TV with stand, very good condf $65. 4 x 31, Oacote crosshair, Distinctive lightness anc flavor in every sip. scope like new, $17. Call !!66-812- 1. 319 e 'ROOM ADDITIONS For the Best Get a jump on Spring. Re- duced Rates thru March. Yard cleaning, maintenance, CR7-517- haul.ng, fertilizing, pruning and spraying. Est. thiaarea. Dale Hudson 4 . TF ... 2 (Please call after 6:00 pm.) CR7-636- Expert dressmaking, fitting, - heavy duty repair. Call for prompt service. Call alterations, 326 IN6-600- 1. repaired. 30 Immediate service In your home.' $3.50 all' work guaranteed. Call' TFC yrs. EL9-889- experience. 8. Susan' Way Kindergarten 2062 Susan Way 7080- South. Accepting limited' 3 hr. enrollment Sept. (273-333- For Sale 1958 Volkswagon Conv.- - $750, 1948 Dodge Pickup $200, 1955 Rambler Wagon 3. tf $275. Call For Sale - LUDWIG BOHLAN9 319 . 6. 278-286- 6. BOURBON Painting TF 5. . HU7-776- 9 Your Holladay Painter FOR AVAILABLE SHORT TERM LEASE AT AN EXTREMELY REASONABLE RATE, phone 21 13th South Mens Luncheons, 277-653- A deLIGHTful lt Generators, Starters 0, 277-251- 4. OFFICE the $5.95 $8.95 5-v- ments 278-106- cut two or BATTERIES Trash Sewing machines GaW milk cartons, that they are three inches high in front knd an inch or two higher in back, make bins for storing nails, screws and other hardware. 4, Experienced dress making) Easter special dress $2 50 to 6 or $3.50. Ironing - The electric typewriter that automatically types letters of any variety and length at a rate of 150 words per minute is now for sale. This machine ispflced for a little more than the price of a standard electric typePhone tf 42 Guitar Lessons - Free Guitar lessons to new students. Call for an appointment GuitarCity Studies iolladay Vllllage, formerly 42 Eastman Studios. AM6-473- 6274 High- 278-307- 8. Empty 8. AUTOTYPIST i installer, land Dr) Ph. Iwilmake draperies lined or ' writer. 3. Fencing Materials, Portable runs, cloths poles, 364-967- - Home, So. East ForvSale 1959 Impala, 4 dr. sedan, power glide, ra- BOURBON HU4-171- 319 Sale - Beautiful Rose-Mar- ie Reid Wig. Platinum. Was $70 - Now $45. 1906 E. 7040 So. Phone 5. 326 cars or. on consignment. Notary public service available at all times day a night, Htllvu Service :y55 E. 33rd So. tfc Painting and Decorating -Free Estimate Gall Charles 9 Card 326 Call For tf 5. well sell your car $135 Enroll now - New obedience training class starts April 1, be , HU6-951- 8-- TODAY nn Ground Beef for your freezer in 25 lb. lots. 39clb. Meiers Meets. CR8-006- 1 4730 Holla-da- y Blvd. TFC able. Holladay Feed & Sports 4644 Holladay Blvd. CR Murray, owner moved. Immaculate 2 bdrm. rambler. 80 x 150 ft. fenced, landscaped, - full basement, plumbed, wired, 22 ft attached garage, large patio, flagstone floor, 20A 14 ft living rm. x5 12 central entrj Hall. 19 ft kitchen. Large bdrms, good floor plan, sup-erconstruction, T.V. aerial appliances, drapes, ww carpeting. See any time, 5456 Kenwood Dr. FOTUilSf ? t Holladay Blvd. - Kftchen rubber stamps. MISCELLANEOUS ( Hammond 4645 rd lamentating, Call HU East. TUTORING CR 6. Hobby shop repairing, novelity and hot Electro-plating-ca- PRIVATE 1) V - 64-6- 3. sessions. Numbers, reading readiness, language develope-,meart, music, health, , silence, social developement. nt f Good EYE EXAMINATIONS - Glas: - Contact Early morning and evening hours by hiag f.ODEililFOLDS Lens. ses for-not- coritr gdis to work witk appointment. Dearden Visual Clinic, 4C89 Holladay Blvd. .Phone CR8-816tfc row foldiig door 4. BASEMENT ROOMS BATOS- O - WEAR SAFETY KITCHENS Complete drawings with bids. AASE BELTS Construction Co Phone CR 7-5- 197 STRAIGHT BOURBON -- tic. CR Housework wanted dio, heater, good cond. Call CR 319 es EL5-433- 5. Schwinn Bikes - We sell the best and fix the rest! Lawn Mowers sharpened, reason- For THE , SEE US FOR REMODELING Sessions for 4 & 5 yr. olds Supervised by W.C. Hammond Enroll now for The Reading Center 4645 Holladay Blvd. 1964-196- 3. CLEAN Cl FAN CARPET and furniture cleaning service estimates. Time tested -- cleaning of all types of fine .garpet i. furn. fabrics. All work guaranteed. Call KINDERGARTEN 8. 277-786- A week later I had a second thought I still knew that General Utilities at 29 was agood investment, I was sure (well almost so) that the price was bound to go up, perhaps not as far as It did before, but certainly up some. Having Problems 277-984- 2. . - price fell to 33 a share. My investment was worth $1,123,056 This was still over half the $533,425 I had borrowed so I didnt have to worry. But the State Department and the foreign governments didnt seem to care about my Investment. They started to yell back and forth at each other, and each Piano and Organ lessons, Call Mrs Jenny Olson. CK7-633- 8. OPTIONS FOR SPEED The Will each beginning piano students my home, 3343 Edward Circle. Call $1.50 319 per lessen. 177-938- still wasnt I decided that the way to take advantage of this rise best was to buy some calls. ' Theyre options to buy 100 shares at a certain price. For $225 I could buy an option that would allow me to buy 100 shares of G eneral Util-itifor 30 a share up to three months from the time I bought it. What a great way to make money! If the price of one share went up just $1, then my option would be worth ), receive the fourth week free! 466-258- 9. I -- eral con-vien- In California 1 I if paid for in advance $1.50 SERVICES Reg. cleaning woman. 2 dys a wk no children, aCU furn..X)wn trails. Call Francis Stillman Has Law Post the last day. I called up my broker and had him convert the options at 30 - 4. At least I could make $25 on each one, a total of $25,000. IN lines for $2.00 ( O Corner 29-3- V 4 WANTED -- -- THE HAS the price dijjL, rise first to the option price of 30, then to 31. After one month of the three months dui ation, the option was up tne price had cLmbed back to 30 12. I was up ,$150,000 on the total options. About $5000 a day isnt bad. At the end of the second month the price was 31 78. But by the last week of the time it had dropped again to 30 - 58. Then it var-ne- d 4 between that md for the week aid 30 a 14 on And ADVERTISING RATES Pay for the first three runnings WITTER has a new How To Get Help pamphlet, When You Invest. It also has research reports on the big oils, Standard Oil of New Jersey, Shell Oil, Gulf Oil, and Texaco DEAN -- decided, if you cant sleep nights, vovre In the wrong investments. I sold out, paid tack the loans and interest, and slept at night. When I was through I had $440,000 I was down $16,000 on the trading In General Utilities, but I had my belongings back, and I could sleep at nights. I wouldnt say the lesson I learned - not to pyramid margin - was worth the $16, 000 though. I learned not to put up belongings for collatThen con- servative investments? The stock went down only 2poinhs. On my shares this. 34,032 meant a loss of 68,064dollars. 1 had borrowed $456,000 for my original margin purchase, plus $30,400 the first time used my Increase mi value as plus $47,025 the margin, second time. I had borrowed a total of $533, 25 and the value of my account had to be at least that mjch under thq 50f margin requirements. WHERE LYNCH, PIERCE, FENNER & SMITH has comments In its Weekly Highlights on Cincinnati Milling and Mining, Noryi American Car, Rex Chain Belt, Eaton Manufacturing, Safeway, and Sears Roebuck. THE SLEEP RULE in Ger- See what I told you about increase CO. CLASSIFIED $100 more. How could you go wrong on. a deal like that? I bought 1000 of these calls for $255,000.' A thou&gnU options and every option good for one hundred shares - that meant every tyfie my stock went up one point, then my be would worth option $100,000 more. Just think, if they went up to 35, where the price had been before, then Id have $500 over the option price mi each option - a half a million dollars in all. hi INCIDENT Then something happened ascribed as an incident tut it wasnt an Incident as I allow a rate shouldnt that most people expected it would allow. General Utilities dropped another 2 points, and I was in the hole another $68, 06 and had to put up more mat gin. At 29 my whole 34,000 share investment was worth $988,828 minus the amount I owed to r my loan $533,425, or a total of $155, 03. I managed to borrow some money from a friend to pu up trm additional collateral I needed, but 1 sure diu. t 'ike doing it that way. I put up everything I owned us collateral arid borrowed mori-worried about what wouii happen if the stocks went ever, lower, especially when 1 went to bed. & . MERRILL -- r DEADLINE TUESDAY 1p.m. has a 12 page report prepared for institutional Wtestors on General Telephone and Electronics and a new report on the tire and rubber industries. SCHWABACHER I Turned SI,000,000 In Stocks Into $500 Cash 19. 1964 pany. ? How Thursday. March 7 Page for various lnfestment goals such as Income, appreciation, speculation, 'etc. They are prepared by Argus Organization a large research com- v --- To THE NEIGHBOR Salt Lake City, Utah lists WHISKEY, SS PROOF. G00DERHAM 1 WORTS., PEORIA. ILL Gbt us 'ill NEIGHBOR lor Lest in carpet cleaning, .Unique Carpet Cleaners, ALDER'S CR7-3439- tf. caff toatyi I InsHdUnq Distributer Salt Lake Cta 060 S. Main |