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Newspaper
Palladium Times
Location
Oswego, New York, United States of America
Date
Dec 20, 1960
Page
8
In retirement planning, stick with top grade mutual funds for income and growth. Do not jump to 90 day bonds. fund share price reflects asset value, not yield, and higher price does not guarantee higher return. Tax rules on E to H bond conversions changed Jan 1, 1960, affecting this widow’s 1959 case.
The stock market moved in a narrow range with alloy stocks advancing. Aluminum shares led small gains as traders adjusted positions in a quiet session on the New York exchange.
The index rose slightly as the Dow Jones Industrial Average gained 0.12 to 615.68 while many key stocks posted small moves. Industrials and utilities varied, rails up modestly, autos and some sectors down, with coppers up and steels steady amid mixed bond activity.
Louis J. Brandes, Oswego Hospital after knee injury. F. X. Pilon 55th wedding anniversary. Christmas party at Bishop Hobart chapter Christchurch. Psi Delta and Delta Gamma Delta sororities meetings. Fortnightly Club New Year open house. St Marys Brownie Troops party and leaders. Linda Phillips to Miami for holidays. Oswego YMCA Youth Christmas party with games movies contests and gift exchange.
The article notes Algeria’s referendum defeat for rebels seeking a U N voice. President Charles de Gaulle aims for a North African referendum. The United States voted against the proposal and abstained on other parts of the resolution citing not to hinder de Gaulle’s task.
New York State Labor Commissioner M P Catherwood told a three day hearing that unemployment will be higher than usual in the first half of 1961. He noted a 5.3 percent jobless rate mid October and said manufacturing employment fell about 2 percent since a year earlier affecting roughly 40 000 workers.
Palm Beach Florida Kennedy joked about the Electoral College decision while noting Republican leaders led by Senator Thurston Morton of Kentucky had pressed attempts to block certifying his election citing fraud concerns. The remarks came at a news conference after the November vote.
Wholesale egg offerings in New York show adequate to short supply with demand focused on large whites and browns. Spot quotes list extras and top quality eggs by weight, plus mediums and smalls, while butter demand remains good with creamery scores and wholesale bulk ton prices.
About 500 students at Paul Smiths Junior College in the Adirondack community returned to classes today after a reprimand from President Chester L. Buxton. They were censured for demonstrations at a basketball game and then resumed their studies.
The Agricultural Marketing Service said 1961 milk output is running ahead of 1960 and may top the 125.9 billion pounds record set in 1957. Favorable conditions and no drought are expected to sustain higher production.
A Marketing Service report notes that milk production should increase more than in 1960. The main variable recently is the beef cattle price, which has fallen since early 1959 and is likely to stay lower than milk prices, encouraging higher milk output.
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