Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 2 · column 1 of 3 · from the scan, no model involved

MANAGED U.S. GOVERNMENT
11.83% Safety — Monthly Income or Automatic-Reinvestment Compou nd i ng— Low Investment Minimum Liquidity #AppraxiiMte yMd on fMMit Imum m of S/t/87. Subftct to change.
82.3%