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Newspaper
Palladium Times
Location
Oswego, New York, United States of America
Date
Dec 16, 1960
Page
8
An investor asks about $14,000 in mutual funds bought in July after a drop of about $600. The adviser advises not to panic, notes some funds are growth oriented and may not pay high income, and says asset values rise and fall with the market.
A reader asks about investing monthly in mutual funds for six years with no income, then cash return. The adviser cautions to specify a pay-as-you-go plan to avoid six to ten year prepaid commissions and to ensure selecting the desired fund type, noting growth funds convertible to income funds without extra charges.
New York trading fluctuated as airline stocks fell on news of a recent airplane crash. The AP average of 60 stocks at noon rose 20 points to 217.60 with utilities down and industrials, rails higher.
The market showed mixed breadth with chemicals and metals moving up while autos oils and tobaccos fluctuated. The Dow Jones industrial average rose 2.18 to 612.94 at noon as bond sentiment stayed uneven and traders absorbed broad stock quotes from major firms and sectors.
Christ Episcopal church hosts the annual church school Christmas pageant Sunday at 5 p.m. A large cast of boys and girls presents the birth of Christ with a modern dramatic style directed by Mrs. Calvin G. Bond of Campus School. Assistant director is Mrs. Robert T. Lieb. Colorful scenery by participating children transforms Christ Church chancel into a Jerusalem street scene.
A three judge federal panel opened in New Orleans on the Orleans Parish School Board bid to stop four banks from refusing to honor its checks. The board accuses banks of freezing about 128000, risking closing public schools already integrated by federal orders. The hearing also covered requests to block creation of a new city school board by the Legislature as a second body controversy unfolds. The U.S. government and the NAACP filed the suits. Attendance at integrated schools remained steady with McDonogh 19 and William Frantz showing minor shifts in racially mixed enrollment.
Henry Clive O Hara known as Henry Clive, celebrated magazine illustrator famed for portraits of beauty women, died of lung cancer at Cedars of Lebanon Hospital in Hollywood. The former magician and actor held top artist status for Hearst's American Weekly for over 35 years.
Michael and Costenbricker pursue the wreck of a ship at a cliffside island. A burning rowboat, a parasol voyage, and a perilous underwater descent unfold as Michael battles fear and strange sea life to reach the deep. Tomorrow: The Monster of the Deep.
Pulaski Grange sponsors a public card party tomorrow at 8 30 p m in Grange Hall with refreshments and prizes. Committee members include Mr and Mrs Lewis Clark and Mr and Mrs Maurice Hurd Jr.
Senator Clifford Case Republican of New Jersey argues President elect Kennedy will require Republican backing and possible GOP pressure on Democrats to pass his 1961 legislative program. He urges Republicans to offer a middle of the road alternative and cautions against a purely obstructionist stance.
Joseph For tone, 24, of Clyde, was fatally injured in a head on collision of two miniature automobiles on a snow packed dirt road three miles south of Wayne County. The crash occurred Thursday night on the rural road.
West Baptist Church renames and moves its Christmas service to 11 on Sunday Dec 18 due to Christmas and Christmas Sunday on the same day. English Handbell Choir led by Mrs Paul DeVore will perform two carols, the gant tuary choir led by James Solari will sing two pieces, and the Choristers under Mrs Harold Morley will perform two carols. The offering includes Christmas Night and It Came Upon the Midnight Clear. Rev A F P Goodwin will read a Margaret Sangster Christmas story titled Anniversary. Church decorations arranged by Mrs Allan W Davis and others.
A village man died in a crash that also left four children, including newborn twins aged month. The two vehicles reached speeds up to 60 miles an hour and resembled rear engine soapbox derby cars with stripped bodies.
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