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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (May 31, 1973)
Notes from a Black Economist A sk a b o u t postage tree Bank By M ail service W E P A Y PO STA G E BO TH WAYS* It« S ank « I C a lifo rn ia b u iklin g o tters th« liiw t l banking te » vice* . . . ) ) • parking spaces. T h e B a n k o f C a lifo r n ia © We make hanking easy. aor s w AAemtM» f D 1C Pwtiond. O reqe« * 7 ) 0 * 1970 Fleetw ood Brougham M e fte n e t A aeedw M ea T.W e h e n . ) ) ) ) « ) « ......................................... *4 595.(M) Catillian while finish with a Black vinyl roof and matching Black leather interior. Well equipped, including stereo radio and cruise control. One owner, sold new & serviced by Lew Williams Cadillac, with warranty. 1970 Deville Convertible ............................................... *4695.00 Catillian w hile with a white top and red leather interior. W ell equipped, locally owned car, with warranty. 1970 hldorado Coupe ......................................................... *5695.00 San Mateo Bed with a white vinyl roof and matching red leather interior. Ixtaded with options, including stereo radio, cruise rontrol, plus much much more. T ruly a beautiful Eldorado, with warranty. 1970 Coupe Ikeville ........................................................ Fire mist Bronze finish with a white vinyl roof and white leather upholstery. Nicely equipped, remainder of Cadillac's 5 year or 50,000 mile available. *4795.00 matching with the w arranty 1970 Coupe Deville ........................................................ »4795.00 Catillian white finish with a black vinyl roof and black leather interior. lauded with options including stereo radio. Remainder of Cadillar's 5 year or 50,000 mile warranty available. ^LewltWilliams Cadillac 633 ME. Twelfth Avenue-Phone 233 6451 THE BLRCH HIÍ1G of the numi q M um Bay's got th« man’s number and takes K ...it BOO ta 1 by Travera Jerome Bell, Jr. Executive Vice Preaident, Daniela A Kell, Inc. For many months now the small investor fre q u e n tly referred to as the "public" - has been conspicuous by his lor her) absence from the stock market. W hatever the reasons, and most are obvious, W all Street presently is making a large and concerted effort to bring bark these investors. The industry is doing this not only because it makes good busi ness sense, but, equally im portant, it la felt such a move might restore to the market the stability it is so sorely larking from a combination of individual and institutional investors. In addition to massive ad vertising and promotion cam paigns, the securities industry also has been seeking and developing new investment vehicles to attract, and hold, the public. One such investment is the closed end bond funds that have been coming to market at so prodigious a rate lately. Closed end bond funds may be a suitable investment medium for investors who wish to participate in a more diversified portfolio of in come producing secu rities than they might be able to purchase on an individual basis. In many instances, such securities are readily avail able only in relatively large dollar amounts and may, in the case of securities ob tained through direct place ment, be available only to institutional investors. Direct placement securities, because they are not freely market able, frequently offer higher yields than those available on comparable publicly traded debt securities. W h a t does closed end mean? As a closed end invest ment, a company differs from an open end situation in that shareholders will not have the right to have their shares redeemed by the company at net asset value or otherwise. Further, the company will not continuously offer its shares to the public. A fte r completion of a public offering, the m arket price at which the company's shares can be bought or sold may be more or less than the net asset value of the shares. Shares of closed-end invest ment companies frequently sell at a discount from their net asset value. The primary objective of most closed end bond funds is to provide a high rate of current income, with capital appreciation as a secondary objective. Most of the new bond funds are fairly conservative vehicles, investing in high grade bonds and seeking annual yields of 7 to 7 '/i% . For investors concerned about the rate of inflation, but worried about the risks A unique scholarship fund which could set a pattern for industry support of manage ment training for minority students has been established at Portland State University, Xerox Corporation Portland Branch Manager Robert Ra couillat and PSU School of Business Administration As sistant Dean Gerald Halver son announced re c e n tly . They said the Racouillat/ Xerox Corp. M inority Scho larship Fund w ill grant a total of $6,000 this year to m in o rity stu d en ts in the School of Business Adminis tration. Tw o thousand dollars in cash awards ranging from $500 to $100 will be awarded each school term to minority students selected on the basis of need, scholastic attain ment and business aptitude. They will be selected by a committee composed of Ra couillat, PSU Ed ucation al Center Director Harold C. Williams, and Financial Aids Administrative Officer Bessie M. Fields. The scholarship was inau gurated when Racouillat con- 1 x 12 SHELVING 1 3 * to 2 0 * ft., 1 x 12 PINE 2 5 * to 3 0 * ft. Closeout on Z -BRICK ’ 2 . 9 5 a box. 4 x 8 ' sheets of PEGBOARD * 2 . 9 5 . 4'x8' sheets of HARDBOARD * 1 . 9 5 . Prefinished wood M O ULDING S 3 * to 5* a ft. Visqueen PLASTIC IN ROLLS 1* a sq. ft. CEILING TILE 1 0 * a ft. CEILING PANELS W x 4 x l0 * 2 .5 0 S c re e n p la y b y LARRY SPIEGEL B a s e d o n th e navel b y ROBERT DEANE PHARR P ro d u ce d a n d D ire cte d b y RAYMOND ST. JACQUES An AVCO EMBASSY RELEASE in C olor [O rig in a l S oundtrack A va ila b le on B R U T R E C O R D S ) Mon. thru Thurs. F ri. and Kat. Sunday - - 7:15 p.m. 7:00 p.m. S c o -h it The Organization B a rb a ra M c N a ir ea. CEILING PANELS y 16x4x8, white tex tured, * 1 .9 9 a sheet. 3400 sheets of panel ing including woods, vinyls, hardboards, tile- boards, 4x7, 4x7 h , 4x8. Shop g rade panels • 1 . 1 9 to ’ 4 . 9 0 a sheet. Other panels * 6 .9 3 to * 1 2 . 9 5 . Brick or Stone panels • 1 2 .9 3 . SAVE YOUR CASH! Patio FIKRGLAS in colors 8' — * 2 .9 5 . W h it e 1 0 ' — * 2 . 4 9 . Seconds 7 * to 1 0 * a ft. House DOORS V to 3 ' wide * 2 . 3 0 to • 7 . 5 0 . Front DOORS * 9 . to * 1 4 . Solid front DOORS * 1 5 to * 3 0 . Carved fancy front DOORS * 2 9 to * 4 5 . Pre-hung DOORS * 1 2 . 9 5 to * 1 4 . 9 3 . Prehung front DOORS * 2 9 to * 7 3 . Bifold DOORS 2* to 8' * 1 4 to • 2 9 . Cedar LUMBER 1x3 to 1x8, 2x3, 2x4, 2 x 6 6 * to 1 6 * a f t . ceived the idea of a sales management course taught by his own staff at PSU. His teaching salary has been matched l'/j-to -l by Xerox to establish the fund. Racouillat is seeking to in terest other socially respon sive Arms in a similar pro gram. designed eventually to place more qualified minority business graduates in man agement positions. Armenious Patterson Jr. was the first student selected for a Racouillat Xerox award. His $500 grant was an nounced last month. Other winners of the initial series of rash awards are: Elnora Smiley, $500; Robert L. Dan iel, $250; Joseph McHenry. $250; and Kenneth Wesson, Linda Parra, Reba Allmon, James Jackson and William Jones. $100 each. The aw ard s were pre sented Wednesday, May 23, at the School of Business Administration scholarship ban qu et. The w in n ers' names will be engraved on a plaque to be permanently displayed at the school. Smith's Exclusive Deluxe "QUILT-EASE" MATTRESS AND BOX SPRING Custom Made to our Specifications by the Sealy Mattress Co. Enjoy years of restful refreshing sleep on a mattress that s firm enough to give healthful support . yet deeply comfortable to rest on. The surface is deeply quilted to o*o d shifting of padding. Made with Sealy's exclusive Edge Gards. Elegant long wearing cover. Come in — test the comfort. QUEEN SIZE only 6 0 "x80 Smith's Deluxe Q uilt Ease Mattress with matching Box Spring KING SIZE SET 76 x80 Mattress with two 38 x80 ' Box Springs S id n e y P o rtie r •119 HURRY •169 R E V E R S IB L E QlMRlitMt ore Limited FO A M - C U S H IO N E D LAST CHANCE! LIQUIDATION OF BUILDING SUPPLY YARD! Gigantic Values on ail types of building supplies from paneling to bathtubs. Every thing must be liquidated immediately to the bare walls a t 1 5 1 2 3 S . I. M c Laughlin e iv d . ocross from McDonalds. BANK THESE SAVINCS! Roofing ; 1 3-tob * 1 1 . 9 5 a sq. Roll ROOF IN G ? 2 *2 .30 to * 3 . 90c in colors * 3 .5 0 . Felt Paper *3 . a roll. Cedor SIDING 8' to 10' to 1 2 '* 1 2 5 . to * 1 9 3 M. 4x8 SIDING ’ 2 . 9 9 ond ’ 3 . 9 9 . Texture T-, 1 1 SIDING , 4x8, 4x9, * 7 .9 5 to ’9 . 9 5 . Paint THINNER 4 9 * a gal. in your con. Inside latex PAINT * 2 .9 7 to * 3 .9 7 . Outside paint * 2 .9 7 and up. THESE WILL 0 0 FAST! M arble tops for baths * 1 9 . to * 2 9 . 5 ' or 6' long tops ‘ 4 3 . to ’ 3 4 . Both VANITIES from • 1 9 . Kitchen CABINETS 5 ’A ' set * 1 7 9 . Formica coved counter TOPS ’ ,.5 0 and up. TAPPAN DISHW ASHER’ 1 6 1 . Pot.o DOORS ‘ 6 9 . to ‘ 7 9 . Aluminum W IN D O W S , low as * 3 . 9 3 . Small Range HOODS *3 to • 1 0 . 5 0 % off on LIGHT FIXTURES. Kitchen SINKS & BASINS slight dam age * 2 .5 0 . SLEEPS TWO IN COMFORT Here's an inexpensive way to furnish your home in style and solve the guest sleeping problem at the same time. A comfortable sofa, it's also a Sealy Redi- Bed that sleeps two — contains a full size Sealy Health Guard Mattress spe cially designed for Redi-Beds. In long- wearing Herculon, your choice of three colors. A ’ 279.95 Value. Prim in M t m t n —Jifn $219« M riw r n é n n f t i p tn n m f iu r n r rinn. . . RASY TRAMS U -T ra U e r C o n c re te l f r — t r a ile r l Drive in and haul aw ay w et mix concrete. * 2 3 . a yard. Open every day except Tuesday at Vancouver Ave. yard. Both locations open B to 6 daily. 9 to 5 Sundays. BankAmaricard or M aster Charga Welcome! 3:45 p.m. O u ts ta n d in g a 0SEMST! Zerox establishes fund SAVE! SAVE! [S p e cia l Guest S ta r D'URVILLE M A R T IN SMITH'S Receiving the RacouiBat/Xerox Corporation Minority Fund Scholarship from Portland Branch Manager Robert Racouillat (rig ht), is PSU senior Armenious Patterson. y 8 ”x4 x8' C.D. — * 4 .3 9 ; W ''x4'x8' C.D. — • 3 . 2 9 ; 1/4"x4'x8' Shop Sanded — ‘ 5 . 9 9 ; 1 / 4 ' x 4' x 8 ' A.C. Sanded — * 6 .9 4 ; 3 /8 " x 4 'x 8 ' Shop Sanded — » 7 .9 9 ; h "x4'x8' Shop Sanded — » » . 9 5 ; fc "x4'x8' A.D. Sanded — * 9 .2 3 ; h "x4'x8' A C. Sanded — ’ 1 0 . 4 9 ; H "x4'x8' A.A. Sanded — * 9 . 5 0 ; 5 /8 "x 4 'x 8 ' Shop Sanded — • 9 . 5 0 ; V 8 ’ x4'x8' A.B. Sanded — * 9 .9 0 C o -sta rrin g FREDA PAYNE PHILIP TH O M A S PageS DISCONTINUED COVER PATTERNS PLYWOOD LIQUIDATION! R A Y M O N D S I JACQUES in' B O O H O f NUMBERS 'ome How & Save\ T ‘ -rsday, May 31, 1973 new high quality sleep sets with SAVE £ 5 0 % AND MORE! E x c lu s iv e s h o w in g in equity investing, th * in vestment methods and ob jectivea of the bond funds look pretty good, and cer Lainly warrant some con sid eratio n in any fa m ily planning and investment p ro gram. Portland/observcr I Bnildiag Supply Discount Centers Inc. 15 1 .4 3 S X M c lo e g M in Bfvd. Across tr o ie M cO onoW 's Ca« 6 5 4 -5 4 4 4 5 9 0 5 M . V a n c o u v e r Aves Across f r o « G J . Joes C o« 2 5 5 - 0 5 4 6 Ì SHOP 9 TO 9 M O N . THRU FRI. S A T. 'TIL 6 (O o<ed Sun.) 30th and S. E. D IV IS IO N • 234-9351 * 4 *
