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Newspaper
Palladium Times
Location
Oswego, New York, United States of America
Date
Dec 21, 1960
Page
9
SAM SHULSKY argues common stocks offer protection against inflation and remain a key long-term investment. He notes earnings and dividends matter, but inflation also hinges on government spending and employment, and warns profits may ebb under a socialist shift while government action could spur growth.
Reader 74 asks how to calculate tax on selling 1 000 shares bought at $9 15 a share. Gains about $17 250 long term. tax near $800 after exemptions. Adviser suggests staggering sales to minimize annual tax. Central Hudson praised but diversification advised. no real estate conversion plan. Market quotes show broad stock list and averages at 2:30 p.m.
New York stocks showed an active but irregular pattern with fractional gains and losses. The Associated Press average of 60 stocks stood at 218.90, up .10, as industrials held steady, rails rose .20 and utilities gained .10 amid year end trading uncertainty.
Miss Sandra Lee Yerdon and Edward Dumas married in a double ring ceremony on December 8 at 2 p.m. in Calvary Methodist Church Detroit. The couple, residing in Minetto after a Michigan New York trip, are supported by families in Redfield Detroit and Fulton.
Oswego residents contributed 81363 for the March of Muscular Dystrophy with 59087 from house to house canvass and 222.75 from canisters. Chapter 288 Women of the Moose led by Helen S McCarthy thanks Palladium Times WOSC Dor s ey District Stores and Alpha Mu Delta for help.
Cuba's cabinet ordered a 45 day suspension on removal limits for judges and empowered the president and ministers to fire or reassign judicial officers. The number of Supreme Court judges was cut from 31 to 15 and some cases were removed from Supreme Court jurisdiction. Supreme Court President Emilio Menendez fled to Argentina last month after accusing officials.
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