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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Apr 24, 1959
Page
2
A reader asks about handling a mortgage and living arrangements while preserving a small home. The columnist urges family consultation and notes par value on common stock is mainly a bookkeeping device, offering no real protection or guarantee to shareholders.
The column discusses dramatic price swings and market mood driven by earnings, dividends, and future prospects. It cites investors chasing growth, the influence of major companies like Alcoa and General Mills, and the idea that enthusiasm may outpace fundamentals as prices rise.
Rev. York AP reports American Motors shares jumped 2 percent after a 60 cent quarterly dividend, the first cash payout since the Hudson Motor merger formed AMC. Studebaker Packard traded actively as high quality stocks lagged, while the market ended a correction with mixed gains and losses.
Delinquent dog owners in Troy face summonses from City Court Judge Matthew AL Duane for failing to obtain dog licenses. The list was compiled from the city clerk’s records and a dog census. owners must appear or face default judgment of $10 plus costs and license fees. If licenses are obtained before summons dates, action is dropped under the Agriculture and Markets Law.
The report notes 873 falls and 423 rises among 1249 issues with 69 new highs and 0 new lows. Volume reached 53,0000 shares, 3,430,000 Wednesday compared. Nine of the 15 top sellers rose or fell, with one unchanged. After hours the New York Fed again changed the account rate, while Amex prices were irregular on 1,470,000 shares traded and Treasury bonds slipped in moderate dealings.
The Nowvnte Home Demonstration Unit held a project lesson at Mrs. Bruce Pitt’s home in Chiffon Park Center. Mrs. Jan Hunter led the cake decorating session. Mrs. Nelson J. Costella of Saratosi County spoke, and a display of green shade tones was planned for Shonen dehows School May 3 during Monte Demonstration Week. A business meeting at Witt’s home May 5 will feature Mr. Noah Whelton from Burnt Hills speaking on television. Election of officers will occur at the meeting.
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