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Newspaper
Palladium Times
Location
Oswego, New York, United States of America
Date
Mar 14, 1960
Page
7
A 55 year old seeks a 16 year savings plan avoiding common stocks. The guide suggests federally insured savings, government bonds, or tax exempt municipals, detailing a Treasury 2% bond example due 1970 showing about 5% overall return with guaranteed principal and income.
A reader questions switching to nearer maturities and Mr. Shusky offers general investment queries guidance. He notes current bonds trading around 8.4 yield about 3.6 percent plus price moves, and explains that selling out of government issues risks little profit from back-and-forth trading.
Spotty advance persists in early New York trading as the Dow Jones average nudges up to 606.10 and the Associated Press index climbs 0.60 to 211.60. Rails lead gains for revenue optimism while chemicals and airlines dip. overall activity shows mixed moves across sectors and heavy quotations from Foster & Adams.
The page shows fluctuating stock quotes for Rexall, Reynolds Tobacco, Sears Roebuck, Shell Oil, Smith Corona, Southern Pacific, Studebaker Packard, Texas Instruments, Union Carbide, United Aircraft, US Rubber, US Steel, Western Union, Westinghouse Electric, Woolworth, and others. It includes percentage changes, shares, and a Dow Jones compiled stock averages table with Industrials up 38, Railroads up 3, Utilities up 0.38.
The Parks Department announced a gift of 500000 from Huntington Hartford of the A and P grocery family to fund a sidewalk cafe in Central Park. The cafe will be near Central Park South opposite the Hotel Plaza, modeled after Paris sidewalk cafes.
Multiple Oswego obituaries report Louise Colacino 42 wife of Bernard of 190 E Second St died after brief illness, with services at St Pauls and burial in Lyons. Also listed: Joseph H Murray 76 former resident of 148 Fast Onedia St died unexpectedly. Daniel T Hallihan former East Seventh St resident. John Kamyaleski died in Oswego hospital after short illness. Funeral times, home calls, and burial details provided for each.
Sister Nonile Edmonds, longtime educator and former principal in Elmira Auburn and Rochester, died March 9 at St Josephs hospital El mira. A requiem Mass for Sister M Nohile Edmonds will be held Wednesday at 8 am at St Pauls with burial at Holy Sepulchre Rochester. She is survived by three sisters in Canada and Maine.
Funeral services for Frank E Sova husband of the late Josephine Buske Sova were held at 9 am from his daughter Mrs William Sir 220 Murray Street and at 930 am at St John Church with Rev John Comeskey officiating. Burial followed in Riverside cemetery with bearers Walter Ronald Gerald and Frances Sova and Edward Knopp and honorary bearers Edward Sova Jr Francis Hoefer Richard Sova and Donald Sova Jr. A note about a Great Blue Heron describing a small comb on its middle claw is included.
Fulton clubs Fulton Cootie and Cootlette held a joint installation at the Fulton VFW home after a supper. Installing officers were Steve Nalle and Mrs Emma Nalls. New officers included many labeled roles and positions such as seam squirrel, blan ket bum, shyster, sky pilot, pill pusher, and adjutant among others with numerous members named.
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