For those of more flexible temperament, willing to accept in good grace the wider fluctuations in market value characteristic of common stocks, but still primarily interested in income, there are some well-tested issues to choose from. These are the common stocks of substantial companies, widely held by institutions which have paid dividends for many years. They represent ownership in companies that play an important part in your daily life. Many of them are in the consumer industries which provide the products and services most essential to individuals and families. They are producers and distributors of foods, tobacco, home furnishings and appliances, oil for heating and motoring, and providers of such vital services as banking and telephone, electric and gas utilities. Because these services and products are so essential to our way of life, the companies providing them have been able to earn money and pay uninterrupted dividends for many years.

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