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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Apr 29, 1959
Page
10
William A. Dayle discusses a single woman aged bi year old White who owns real estate worth about 20 000 and earns roughly 325 monthly from stocks. The piece explores whether she could live comfortably if she sold the property and bought stocks, estimating annual income around 3 800 dollars and a 13 percent return on the 20 000 property.
A reader asks about real estate versus stock returns for rent and taxes, noting less than 1 percent yield on investments and discussing mortgage, broker fees, odd lots, callable bonds, and non callability. The column explains typical stock trading practices, bond features, and general investing cautions.
Space age stock action stirred the New York market as volume surged to over 4 million shares but many glamour issues including electronics and fuel dipped sharply. Utilities mixed while rails and industrials weakened with overall market activity robust and U.S. government bonds mixed.
Article outlines revised R R Crossing proposal with a longer overhead bridge and two spur tracks. One spur aims to avoid interference with a powerhouse planned at the Arsenal. A different route is described to improve traffic flow.
Multiple obituaries and funeral notices recount deaths in Mechanicville Watervliet and Saratoga Springs. Kathryn I Tansey former Conlen died after long illness at 216 North 18th Street Mechanicville. survivors include daughters Elizabeth Tansey and Mrs William OConnor, brothers and sisters, six grandchildren. Services set Friday at Parker Brothers Memorial Watervliet and St Patrick’s Watervliet. Also notices for Frederick Gaethka 13 of White Creek, William Reynolds 68 North Street Saratoga Springs, and Catherine Ide, Raynor Meloling, and other residents with funeral details and burial plans in Albany Watervliet and Schenectady areas. Parish and social group affiliations noted.
Two persons injured in a collision of two cars at Congress and ALN streets. Arthur Tabakian 42 of 28 Brookside Ave Menands suffered possible concussion and his daughter Cindy two, bruises to the forehead. Both taken to Samaritan Hospital by ambulance. Tabakian described as in fair condition. Donovan 19 of 1525 1st Ave Watervliet driver of the other car suffered apparent injuries and was treated at Samaritan Hospital.
The obituary and funeral notices detail Mary J Pitt of Delaware Ave Madison Falls with services at Carleton Funeral Home and entombment at Moss Street Cemetery. Also reported are multiple deaths and services including Mildred Whitford and George Whitlard, plus a three car collision at Ida and 4th Street Fort Edward injuring several, with victims treated at St. Marys and Connecticut Hospital.
New York State Education Commissioner discussed public comment on evaluating school quality. Troy High shows mixed results with Regents exam pass rates near state averages, while several subjects lag or exceed state norms. The district faces needs for more special classes, teacher supply, and policy reforms to improve gifted and vocational programs.
Berlin residents pass a 763000 school construction measure at the central school building with 490 approving votes. The plan funds new elementary facilities in Grafton and Berlin, adds to Stephenstown, repurposes the Schehr property, and renovates Berlin high to a junior senior high. State aid covers 48 percent. the rest comes from property tax increases. A public hearing on the Berlin school budget is set for Tuesday.
Three Troy area Naval reservists will begin two weeks of training Sunday. Leo Hack will attend ship aviation school in Bayonne New Jersey while William Leal attends at the U S Naval Hospital in Albany. Lawrence Al Proctor of Watervliet accompanies them as teachers and supervisors discuss modern education reforms and reactions to the Conan report urging high school system improvements.
Mrs. Dusepls 1. Maile Srey nee dive it the wont of Hig Demo: crally Women's Chih of Rens selaer County died yesterday after being stricken while working as chairman for a salvage sale run by the edd. Taken to St Mary's Hospital, she died last night. She resided in Wdg 2 Tay for Apis, was a member of St. Joseph's Church and Rosary Society. Surviving: husband, two sons Edward and Joseph, two daughters Mrs. Willian Kennedy, five brothers James and John Tyan, three sisters Miss Mary Ryan Mrs. Alice Sheehan and Mes. Aca Burns, a full list of grandchildren.
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