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Newspaper
Palladium Times
Location
Oswego, New York, United States of America
Date
Oct 18, 1960
Page
7
Investors ask about buying 100 shares at 12.50 and selling at 16 with commissions around 45 dollars total, yielding about 300 dollars profit before tax. Advice notes current price around 13.50 and warns booster gains may mislead. promotes NYSE pamphlet and balanced investing with savings and growth funds.
The Associated Press average of 60 stocks at noon dropped 0.80 to 209.40 as the Dow Jones industrials fell about 1.60, while rails were unchanged and utilities slipped 0.40. Investors watch the Dow near the 600 level, previously a floor now acting as a ceiling.
The Dow Jones average fell 1.52 points to 591.82 at noon as corporate bonds traded mixed while U.S. government bonds rose in moderate activity.
Quotations furnished by Foster Adams NYSE office list numerous tickers and firms including Allied Stores Allied Chem Amc Home Products Ford motors General Electric General Motors Dow Chemical Eastman Kodak RCA International Harvester International Tel Coca Cola Pepsi Colgate Palmolive Union Carbide YMCA numbers show percentages and per cent changes for listed securities from a Syracuse NY source listing 347s 82 545 1345 25 24 83 percent values.
Bruce Merritt of 216 Duer Street was installed as District Grand Lecturer of Oswego District during the 91st Grand Chapter convention at Hotel Astor New York City. He serves as Worthy Patron of Lake City Chapter 352 for a second year. At the same convention Mrs. Rhea LaVeck of Pulaski was honored.
American Stock Exchange figures show mixed trading with Dow Jones indices slipping. Industrials drop to 589.23, Railroads at 126.67 and Utilities at 94.06, each down about a tenth to a percentage point.
The Polish American Women's Club cancels its regular meeting to allow members to pay respects to deceased member Anne Kasparek. Members are asked to assemble at Kozlowski Funeral Home at 7 30 p m.
Mrs LaVeck and Mr Merritt installed as District Deputy Grand Matron and Deputy Grand Patron of Oswego District for a one year term succeeding Mrs Margaret Leeman and Leonard A Lewis. Mrs Lee Anna Harvey Measice remains Grand Representative of Michigan near New York. Lake City Chapter 302 OES holds reception for Right Worth Merritt October 28 at 8 PM at the Masonic Temple Oswego.
The USDA market update shows moderate demand for wholesale egg offerings with whites and browns listed by weight and quality. Butter prices for bulk cartons in creamery terms show slight variation by grade with 93 score at 62-62.5 cents and 92 score around 12-61/2 cents. cheese prices are steady with no change.
Cyclotherm Division of Crane Co earned a certificate of achievement from American Mutual Liability Insurance for logging over 1,000,000 man hours without a lost time accident from Nov 1957 to July 1960. Norman Jones presented the award at a Safety Committee dinner, praising employee safety and union cooperation. Cyclotherm also earned top honors in an American Boiler Manufacturers Association safety contest last year.
John W. O Connor resigns from the Oswego Industrial and Commercial Relations Commission while taking on duties as executive secretary of the Oswego Chamber of Commerce. He cites overcoming petty differences to restore community confidence and notes ongoing consolidation with the chamber and Operation Oswego. Mayor Ralph Shapiro has not named a successor. Sam Murabito seeks to address the Common Council next Monday on the campaign drive. New York City hosted 782 conventions and exhibitions in 1959.
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