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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 28, 1966
Page
8
An investor questions a $650 upfront payment yielding only $325 in securities as sales fees and life insurance. The adviser explains front load plans deduct 50 percent of the first 13 payments to prepay commissions, reducing ongoing charges for nine years.
Readers discuss investment options for seniors faced with bonds and mutual funds. A couple in their fifties has $4,000 in savings and $13,000 in E bonds and seeks advice on cashing bonds to fund a mutual fund with ongoing monthly contributions. The column notes tax, risk, and balance considerations and suggests starting a plan with monthly savings without liquidating bonds.
New York markets opened with heavy trading as investors weighed wage guideline talk and inflation impact on major industries. Dow Jones and industrials edged higher while rails and utilities fluctuated amid ongoing wage and price pressures in 1960s era markets.
A brief market blurb signals changes in poultry prices with a 29 percent increase noted for white extra eggs and a $344 per unit figure referenced, indicating notable volatility in supply costs.
Chicago soybeans and rye edged higher with irregular corn gains as wheat and rye rose modestly. Fort Worth cattle volume steady with feeder calves and hogs untested, Kansas City trade showed varying live price ranges, and airlines edged lower while several Dow components posted mixed moves in early 1965-66 trading.
Air Force Village plans in Valley Hi near Lackland AFB move forward with drawings unveiled at a San Antonio Chamber of Commerce luncheon. Trustees and Gen J P McConnell will be honored. Marmon Mok Associates designed plans and Ray Ellison Industries donated land for the site.
Up to three inches of new snow fell on the Pantandle Plains and Red River Valley areas as freezing rain coated roads with half an inch of ice reaching Abilene. A blinding snowstorm reduced visibility near Wichita Falls while Perryton recorded 2 inches of snow plus 1.5 inches for the day and temperatures near 2 degrees. Temperatures were forecast to plummet to 50 degrees below zero in the upper Panhandle before dawn Saturday as sleet and freezing rain were expected to follow light rain. Fort Worth saw steady rain delaying an afternoon parade for the 1986 Southwest Exposition and Stock Show.
DETROIT based reports say more than 1,2300 workers at the world largest auto stamping factory went on strike today. Chrysler warned the shutdown could close three assembly plants with 30,000 workers by next Tuesday.
County Judge Grace and Commissioner J Ploch filed for re election on Friday. Ploch is the senior member of the Commissioners Court and Grace seeks his first full four year term. Grace has served since November 1864 after a general election was called by the death of County Judge Anderson.
Commerce Secretary John T Connor releases draft standards for regulation of auto junkyards and highway advertising under the Highway Beautification Act Public hearings will precede final minimum standards. A 24 hour negotiation with the Workers Union Local 1264 failed to produce an agreement on grievances.
The United States accused Soviet media of false statements on Newcomb Mott’s death on a Moscow prison train. U.S. officials protested radio and Novosti reports claiming abandonment by the U.S. and family and alleging drug pills were taken before the death.
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