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
*