Retirement stock advice and speculative caution
After 27 years in business the couple has $40,000 in savings and ill health, seeking retirement. They own 100 shares of Brazilian Traction bought at 6.34 and consider averaging down, but the advisor warns this high risk, no-dividend stock is not suitable for retirement funds. The letter ends with a list of conservative investments and guidance on spreading purchases over years. The writer notes they hold various stocks, bonds, and mortgages and asks whether to sell or keep.
MENTIONED IN THIS ARTICLE
Tam
Emm
Beatrice Poors
Winois Power
Northern Illinois
Ges
Ford Gerbers
Chic
Malic Foot
Avco
Beech War
Diamond Match
Duquesne Light
Montgomery Ward
Raytheon
Republic Steel
Socony
Columbia Gas
Livestock Prices and Receipts in San Anton Market
Federal State Market News notes receipts over 50 percent larger than last Monday and year ago, with cattle, calves, sheep and goats listed across weights. Slaughter stock steady to higher, feeders and stockers showing gains. buyers cautious but active on certain lots. Prices cited for cows, calves, stockers, and lambs with varied quality ranges and heavy post-holiday activity.
MENTIONED IN THIS ARTICLE
San Anton
Atte
Slaughter Gonte
Bat
Hynde
Slaughter Kids
Wy Wort Tivestour Jorth
Keeping Your Money One Healthy Explains Fed Tools
In plain language the Federal Reserve Bank of New York explains how the money market tightens and eases with three instruments. The publication uses simple wording and illustrations to show the effect of reserve requirements on money supply and banking behavior.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve System
Federal Reserve Bank of New York
Over the Counter Price Guide from Texas Markets
Unofficial bid and asked prices compiled from NASD and other sources. The figures show approximate ranges within which securities could have been sold or bought at compilation time. The data clarifies these are guides and do not reflect actual transactions.
MENTIONED IN THIS ARTICLE
Texas
National Association of Securities Dealers, Inc
What Do You Call Dragons In Droves
A reader questions the proper collective noun for dragons. Letters discuss terms like pride of lions and a swarm of bees and propose phrases such as a belch or a seathe. A Londoner suggests adult dragons are a seathe.
MENTIONED IN THIS ARTICLE
London
Hayes
Federal Reserve actions shift toward tighter or looser credit
The piece explains how the Federal Reserve System could tighten or ease credit through discount rate changes reserve requirements and open market operations. It notes a recent discount rate cut and discusses differing reserve requirements in New York Chicago and country banks and expectations of further moves to influence inflation, credit, and stock margins.
MENTIONED IN THIS ARTICLE
FHS
FRS
York
Chicago
Wall Street
Baptists Vote to Stay in National Council
In Rochester, New York, the American Baptist convention of over 5600 delegates voted overwhelmingly to remain in the National Council of Churches after an hour of debate attacking and defending the council and Baptist participation.
MENTIONED IN THIS ARTICLE
Baptists
Rochester
N. Y
American Baptist Convention
National Council of Churches
Texas Poultry Market Reports Mixed Activity and Prices
State market notes show demand fair for ready to cook poultry with light trading volume and higher farm prices for broilers and fryers. East region is steady with limited quotes. Southwest reports 121,609 head under contracts with varied prices. Chicago prices for butter and eggs move little while live poultry wholesale prices edge lower.
MENTIONED IN THIS ARTICLE
Texas
State Department of Agriculture
Southwest Poultry Exchange
Albe
Chicago
Sftec
New York Stocks A to Z Market Ticker Overview
New York stock table shows a wide array of listed companies with fluctuating yields and percentages across sectors. The page includes daily figures, previous totals, and year to date indicators for industries such as chemicals, autos, steel, and utilities, reflecting broad market activity.
Cotton futures open steady in New York market
Cotton futures opened unchanged to five cents a bale lower in New York trading. July at 32.86, October 31.01, December 31.30, March 32.44, May 34.69, July 31.60 with midmorning bids showing similar softness.
MENTIONED IN THIS ARTICLE
Alamo Iron Works
Alamo Nat'l
Arizona
Arkansas Western Gas
Oi & Gas
Bank of America
Y County
Cedar Point
Fria
Gutsch
F W. Entember
Gulft_ Interstate Co
Gulf Lite Insurance
Wee
Houston Corporation
Nouston Natural Gas
Hugoton Produ
Lone St Steel
Longiarn
Ubco Petyaleuri
New Mexico
Republic National Lite
Repunne Nat
Tns
Sommers Drug Gaiman
Sommers
Mn Gas Ann
Southwest
Southwestern Elec
Southwestern Invest
NEW York (Ap
Swift
Southwsirn
Standard
Trkoil
Tran, Inc
Austin
Texas
Trinity, Petroleum
iWinetop
IBM
Yuba
New York
Two Die In Gun Showdown In Durham Club
In Durham North Carolina a bandit Jesse James Perry twenty four and club employee Sloan Branch faced off inside a night club. Perry reached to pick up coins from his pockets and Branch grabbed a pistol, a volley followed. Police found Perry dead outside the club and Branch dead inside with a forehead wound.
MENTIONED IN THIS ARTICLE
Durham
N. C
Jesse James Perry
Sloan Branch
Perry
Branch
Edward Singletary
Pair Caught Hostage Flight Ends in St Louis Roadblock
A man and a woman linked in a wild Sunday car chase through the St. Louis area released three hostages and surrendered at a roadblock. Patrolman David Jones was wounded during the pursuit. The fugitives were Hiller Red Hayes, 35, recently released from McNeil Island after a 14 year post office robbery term, and Darlene McCracken, 32, formerly of Kansas City. Hostages included Robert Portell, 41, Patrolman Harry Wilde, and Wilde’s mother-in-law Marie Schelting.
MENTIONED IN THIS ARTICLE
ST. Louis
Tinois
David Jones
Earthquake Shakes Northern California Coast
A strong earthquake struck Eureka California Sunday affecting over 1700 square miles of the northern coast. The 5.75 magnitude quake, among the strongest in years, toppled objects from shelves but caused no major damage.
MENTIONED IN THIS ARTICLE
Eureka
Calif
California
Boy Slays Grandmother in New Jersey Park
A 13 year old boy in Mahwah New Jersey shot and killed his 83 year old grandmother Mrs Mabel De Groat after she scolded him for firing his rifle in a public park. The boy Robert Mann was turned over to juvenile authorities. parents James and Mrs Mann found the body.
MENTIONED IN THIS ARTICLE
Mahwah
N. J
UPID
Sunday
Mabel de Groat
James Mann
Robert Mann
Shahs Sister Marries Third Husband in Paris Embassy
Princess Ashraf, sister of Iran’s shah, wed Medhi Boushehri in a hush hush ceremony at the Iranian embassy in Paris. The 40 year old heiress began a honeymoon with her third husband after the surprise marriage reported Sunday.
MENTIONED IN THIS ARTICLE
Paris
UPI
Iran
Darkthallad Ashraf
Medhi Boushehri
Stock Rise Led by Steels and Motors in Early Trading
Steel and motor shares led a renewed market upturn in Monday trading. Steel names gained 1 to 3 points while motors rose to about 2 points, with U S Steel Bethlehem and Republic up a point or more. Chrysler climbed about 2 points, Ford up a point, and GM and American Motors gained fractions as oils rails and chemicals followed with moderate gains.
MENTIONED IN THIS ARTICLE
New York (P
Steels Anal Motors
Youngstown Sheet
Lukens and
Jones & Laughlin
U. S. Steel
Bethlehem
Republic
Chrysler
Ford
General Motors
American Motors
Wall Street
Letter From Spy Reported About U 2 Pilot Powers
Norton businessman Sol Cury says a letter was received from U 2 pilot Francis Powers held in the Soviet Union. He notes only one letter may have arrived and was sent to Powers' wife in Milledgeville Georgia.
MENTIONED IN THIS ARTICLE
Norton
Francis G. Powers
Soviet Union
Sol Cury
Oliver Powers
Pound
Fawers
Milldgeville
Bolivian Leader Victor Paz Estenssoro Elected Again
Victor Paz Estenssoro, 52, who nationalized Bolivia's tin industry in 1952, won a landslide victory Monday to return as president. He led the pro American Nationalist Revolutionary movement to a sweeping win over three challengers.
MENTIONED IN THIS ARTICLE
LA Paz
Bolivia
Victor Paz Estenssoro
Revolutionary Movement
Rayburn Aims Texas Delegation At State Party Meet
Speaker Sam Rayburn said he hopes every Texas congressman can attend the state Democratic convention in Austin next week. He warned that without a favorable rules committee action the employee pay raise bill could be discharged to the floor, risking embarrassment for Texas lawmakers.
MENTIONED IN THIS ARTICLE
Washington
Sam Rayburn
Texas
Democratic Party
Austin
House
Rain Delays British Hiker Seeks Transcontinental Trek
British physician Dr Barbara Moore was delayed two hours by a rainstorm while hiking from San Francisco toward New York. She logged 31 miles on her California to New York trek and plans to reach New York by June 10 to attempt the seven day transcontinental record.
MENTIONED IN THIS ARTICLE
Columbia, Mc
Barbara Moore
San Francisco
New York
Watch Lost by Bulova Worth 60900 Found by Wife
John F. Budd Jr. misplaced a Bulova watch valued at 60900 last Sunday while walking his dog. National Guard and scouts searched with mine detectors before Budd’s wife Elaine found the experimental potterypowered watch Saturday along a road.
MENTIONED IN THIS ARTICLE
Melville, N.Y
UPD
Boy Scouts
National Guardsmen
John F. Budd Jr
Budd
Bulova Watchco
National Guard
Elaine
Also Mentioned on This Page
Sam Shulsky
Secon
Chet Huntley
David Brinkley
Tvs
Woai-Tv
Federal Reserve Action
Current Business Week
Central Reserve
New
EimerRa
Suis Terie Stock Exchanges
Noo Ib
FordMo
Rayoni
Ada
GenElee
jRenCo
Rex
Aiwedac
Goodrich
Rey
Ahisch
Goodyr
Rich OF
Alcon
Gracacn
Rob Fu
Amerad
Roy du
Servel
AmCyan
Momestk
Sincai
Ams
Ncent
Sorony
Amt&t
AmTob
Ing
Jaisdoind
Atchisn
Burcon
BethSd
wlRinatten
TOF Gl
StorerBdgaat Sue Boe A Cmcne JA
WlStudPac
Gta Tlee &M3
Eitexaen
Pransitr
Mency Fo Fey
Liniteer
Unithra
Motorata
Uspiper
Ghrestr
RBI
Wstekt
Wilson
Comets Ee Nor Pa
Wiwrth
Gavan Yee Nor St
Wihnetn
DetSle
Philen
Dinenirgh
Bem— Tellan
DuPont
Shah
Yorance
Jstocks
Rayburn
Java
Jakarta
Darul Islam
Bandung
Plains
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el Paso
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Birming
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Idio
Salt Lake City
Boston
San Angelo
Brownsville
Ora San Antonio
Casper
Arsieait Francises
Charleston
S. Alio Daac
Gomanty Federal Sega A Loan
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