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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 23, 1960
Page
4
San Antonio experts advise choosing income funds over growth funds for retirement. They warn about high commissions if switching funds later and suggest reallocating assets into top‑grade income securities, convertible debentures, and stable utilities and banks as retirement nears.
Americans face an intensifying economic clash with the Soviet Union as production, consumption, savings, and investment shape the race. The text compares growth patterns, wage levels, and consumer behavior, noting Russia uses state planning and compulsory saving while the United States relies on higher productivity and market choices.
An unofficial bid and asked price range compiled in Texas from the National Association of Securities Dealers and other sources. The figures indicate approximate sale ranges at the time of compilation and are not transactions. Quotation origins available on request.
Dividends for the year are raised to 40 cents per common share with payment due June 80 and record date June 34 for stockholders. The firm previously paid 46 cents and this marks the fiscal year end.
Detailed stock listings show scattered declines and modest gains across blue chips as traders digest early week data. Weather notes record humidity and temperature while commodity, produce, and city climates are listed for major markets and ports.
Five new directors were elected to the Karnes City Chamber of Commerce for a two year term. The board includes Fred V. Klingeman Florian Kolodzie Alvin Grimmsiner Sykes S. McClane and W Clyde Rhodes. Officers named are Pete Hartman president Fred Klingeman vice president Rhodes treasurer McClane board chairman and Herb Smith manager. Installation planned at the annual banquet on Thursday June 16.
The city council has hired Forest Hanson as manager and Laurice J Hunter as assistant manager for the city swimming pool. Sehieh opens May 28. Hanson is a Howard Payne student with years of pool experience. Jimmy Bratton and Larry Low will be lifeguards.
New York stocks drifted in a sluggish session with selective science issues rising. Texas Instruments Motorola Beckman and Polaroid gained while Teledyne and Dow components fell, leaving the Dow at noon up 0.25 to 625.49 as profit taking trimmed last week’s rally.
Svetial to Licht gains as new Seguin Guadalupe County Chamber president succeeding Bruce Gregg. Officers for next year include Naumann and Dr. Ray as vice presidents, Walter Fey treasurer, Jack Stewart secretary-manager. Five new directors join Marvin Mier, Hilmar Tschoepe, Melvin Pomerantz, Gene Diatert, and Charles Koehler. Retiring directors listed. Bryan Blalock featured speaker from Borden Co. Invocation by Rev Gibbons and benediction by Rev Anderson. Decorations overseen by Seguin Garden Club.
Hallettsville FFA member Leroy Schroeder received the Forney Foundation Scholarship Award. Area convention notes mention discussions on minimum wage policy and possible expansion of coverage, with Senate leaders considering a bill to raise the federal minimum wage.
Readable cattle and calf prices show moderate to strong demand with large receipts and mixed activity. Slaughter calves high and steady, feeder lambs selling well, goats steady to higher, sows and barrows fluctuating as buyers assess value.
Various farm items offered including horses, cattle and pioneers. A red and white paint horse and Jersey bull are offered with trade inquiries and contact details. Also listed are a late model dairy tank and milking equipment, tractors, implements, and a lost parakeet with a reward.
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