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The Pantagraph from Bloomington, Illinois • Page 20
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The Pantagraph from Bloomington, Illinois • Page 20

Publication:
The Pantagraphi
Location:
Bloomington, Illinois
Issue Date:
Page:
20
Extracted Article Text (OCR)

I NmA III. Tlwi. II, Vending machines among business gyps G19GN FOFW SPGSOAB. from Lon Curry Ct Son and Foddors I (0) Sylvia Porter on all FGDDGR'S 24,000, 27,000, 30,000 onfral Air-Condifioning THIS WEEK ONLY I I HvU Port I'AKTHMk urn ihjtimk i'wl company. No wiling pifu "Opportunity fr tu UAuii! f.c income in tnUl 4 evuiprratnd machmr.

Imrtfmei of OuO required. We wrure Vrati rinamtng available la I'' qualify. Oil You have Ju-4 lead ft ivftijKKnlr ad lr vmUintf lraiJ a "Nim-nri oppurluiutirV K'heme hutfe numhrr rafcvr, run An-ream hate Mt their ntfirc Minc Id recent )rrs, Stttmlirt Mh a thi. arn l' fclrf lulne iWmrau Vwk. ill lr wn the in thi sprint" tf iprradiii; jutdewmui and cowwmic Ilewair! Tlr iriiulc tifcTu th.it this a racket are in the ad: -Uck of clarity.

It this MttW 4 month a aEe. prNits. h-rt This not nuvk' clear. Where is th.it ri mry ta come from? Tie company calls lln-if Wh.it drs Interna tional mean! ll rax of one com puny. It became International hecaute one Investor ami his machine to Mvirli.

-Flattery, hint of esclusivity. "H- thry Irequently break dmn as hon as Ihry are put into dinchailrd InvrMor wrote: I bought two nuichtnni at xm raih, lltey wrf nmd la md a toy ami play a tune nt the mi I had run twnlcal pn4kmi evrry rthrr day the toy would not ctxne out and the mu'tf kept on Li)ln. In mi month I had to move my iturhinrt around lo six different (orations. I've had virtually no return." The quality of Kh to lr dipraed Is oftm very p. t'nkiwwn or Inferior brands have ImpienUy brvn sunlied by the promoter, sonnlimes at rvvbilant prter.

You rani git the company lo anrr )our sen lee rails and no loral servicing available. (1) To protett )our-lf be alert to such claims in the sales pitch as "Iatirstory, what location, wtwit rrmlts? If Jou're told the machine rherk that out. A patent ttumher touted by one company In Its literature turned out lo be fictitious; the company suited anrthrr which the I'atmt tXiiec iid had ex pi red. There was notlung at all exclalv ktxut the machine. (2) If the company mentions a known manufacturer In its sales pitch, check whi-thrr the manufacturer dues In fact endorse the company.

lYobably not. Hunt be Imprrswd by such words In names of the companies as -US." or Intcmail.siar or 'American" or Genera the like. (3) Ignore the flatter)'. Can you really merchandise vending machines lo storekeepers? It's a big selling job. (4) Talk to the man or men behind the operation after the salesman has visited you and satisfy yourself on everything.

We mutt btII fifty AiMirulitinnm this week. Now the time to taw by laying no initallatinn charjre. Offer riplm February 22, 1974. CO totiay I or InfsswM mmi ftll ISfUAATI. AH Aapalnfmanti Mvst Mad by frl a3 "For Service In A Hurry CallLcn Curry tip dannjt the iiUt-ntew hu actually It Die focal (Mtint of the Avrptmn.

Vrrh.il prttiics that d.nl aptrar in the omlrjrt. fr'uf instance, the Mlom.in pnmlc help with r4ahliJiinj; rmtcn 1'C the ending machine, lie may pmmtftC that I In rtttvuiy wiil Uiy hack ttw machine if lnrttr rh.in?s hit or hf-r mind or th.it the territory it rvluMve. Niine of the? cmditkvui and pntnies appears tit tin contr.u1. how-rvrr. Here the ay a complainant dcTihi-d her nxtliiu! with a salesman: "Ken U-fore I nviiled tlie card b.uk auilMrlinit a tvt front a Mteviun, one railed lie did nt NTtn pleaded when I told htm that my huvb.md and father uuld be prr.ient; he watitid to know if I hat authority to rloM? Dm deal.

He arrived an hour early lie evaded our qtrstions I had to ak some qw-Uons or three times. My husb.ind aked to see the machine In operation at some luratioits but he wuuldnl Kite sirrific adlrrvvrs. When told him we wanted to check out his company with the Itetter Itasiness fiureau he became wry quiet and nervously put his together." The major pitalls in this operation are: The machines arc of such poor quality Phone 020-0000 HtATIMO AMD OCOOUNO Your ToUt Horn Comfort Center Sine IJJ GROVE A MrCLl'N HT BLOOMINGTO.N Phono I2I.III0 131-03? 'X mi Carry nancin available to those who qualify." M)t the ad. I low many, If any, are actually rejected when LVy apply? Inconsistency. Kllinj! required" and "huge profit" are mutually exclusive and don't kid yourself one bit.

Exaggeration. The ad mentions a "secured Investment WTiat's the sccur-Ity In an Inventory of broken vending machines? The earmarks of this fraud also show Investors' (Guide Seeks guidance on convertibles si HWWWMWMWWWWWMIWMM 107' i-V which means 36 bonds were traded on the exchange that day, with a high price of 107" 1 a low of 106 a last price of 107U which represented a decline of point or $2.50 a bond from the previous day's last sale. These arc both straight (non- convertible) bonds. Straight, non-convertible bonds of good rating will generally be affected mainly by the going rate of interest. Convertible bonds not only are affected by interest rates but also by the market price of the stock into which they may be converted.

So be sure you know all the conversion terms before you jump into convertibles. n-rX xu Bf Urn Shvltoty 00 pricts of convertible bonds apaesr in the same listing with corpora bonds? How dots on rood sveh qwoto titmf A. Iq the first place, a convertible bond also a corporate bond It Is Just another form of bond and differs from the regular (straight) bond in that it gives the owner the right to convert it into common shares of the company at a stated rate over a fixed period of time. Bonds both convertible and non-convertible are traded on the principal securities exchanges, although many are not listed on the exchanges but are traded over the counter, where, in fact, most of all bond trading takes place. So some straight bonds are lusted on the securities exchanges and also some convertible bonds.

And many of both categories are not listed. The quotations are read the same for both forms of bond. For example (and I am making no choices or recommendations here merely taking the top of the list): Abbott Laboratories 7y per cent bonds, maturing in '1996 was listed recently as "1 71 97 97 plus which means the bond pays $76.23 interest per year on each $1,000 bond, will come due in 1996 (when they will be paid off at that one bond was' traded that day at 97 (97 per cent of $1,000 or $970) which represented a gain of point or' $5 from the previous transaction. An Alabama Power 9 per cent bond, maturing in year 2000, was followed by these figures "36 107'a 106 NEHTTIME, TAKE THE fobs -at EBACH Realty I BUS America's No. Steak Place Vome on out to our office at East Washington and Route 66 and join us for coffee, punch and heart shaped cookies.

today, Valentine's ft Day thru Sunday and see what Cupid's 1 SWEETHEART SPECIAL been up to And be sure to look for our special Real Estate Valentine Ad in Spnday's Pantagraph- I 1 1 $1.09 Luncheon 5.3 oz. Chop Sirloin Bake Potato or French Fries Piping Hot Texas Toast Crisp Toss Salad Bring Someone You Love Si I 4 i Monday Ihru hnday II am to 3 pm J.G EBACH Realty Ebach Center, East Washington at Koutc 66, Bloomington 11. 662-816! 2ayre't Shopping Plaza Ph. 663-4708 For Carry-Outs 1 1 4 8 fWtlA'aAiWJ ta.XMh (VkUIJiMtf fcpiV.

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About The Pantagraph Archive

Pages Available:
1,648,586
Years Available:
1857-2024