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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Dec 03, 1958
Page
13
William A. Doyle discusses dividends on common stock, noting they are not fixed and can be raised. He contrasts stocks with steady payment prospects and warns that some firms may mislead about guaranteed returns, urging careful evaluation of interest and dividends amid market fluctuations.
The reader discusses balancing safety and growth in common stocks and convertible securities. He notes no such thing as an ideal investment, stresses broker guidance, and cites listed companies and market quotes to illustrate diversified, cautious stock selection amid volatile conditions.
An early morning blaze at a two story Catholic school killed and injured students as they leapt from windows. Police questioned 13 boys assigned to haul waste paper, with investigators seeking two youths identified only as Richard and another companion. An auxiliary bishop conducted outside rites as authorities pursued the theory of accidental ignition amid smoking near a stairwell.
Multiple funeral services announced for residents of Fort Ann, Cohoes, Waterford, and nearby areas. Obituaries note World War I veteran Earl Case, local teachers, volunteers, and community leaders, with services at Fort Ann and St Rita’s Church, interments in local cemeteries, and survivor details including spouses, children, and grandchildren.
Industry sources expect BCDA to unveil agreements after sealing, possibly today. The plan includes wage hikes from 180 to 200 dollars for two weeks with an end of 10 days under the sealing pact, plus a 20 daily boost and a 80 cent increase starting next April. The miners’ single wage is now 2229 a day, though many other workers earn less.
The market halted a three day rise with minor losses as the Associated Press average fell to 204.50. Industrials lost .70, rails down 1.60, utilities up .30, volume at 3.82 million shares, the smallest since November. Active issues outnumbered decliners among 1,248 issues.
Internationally known neurosurgeon died yesterday at Grace Hospital New Haven after a short illness. Rest in peace at the hospital where he practiced and taught.
Bill Harrison, Ohio labor figure and AEL C Soviet president, pressed the Soviet delegation for real reform. He urged an end to jamming, freedom for foreign newspapers and magazines in Moscow streets, freedom for foreign correspondents, and public availability of United Nations documents in Soviet libraries and universities. He argued openness would move the world toward peace and explained current measures lack genuine meaning.
Edward C. Boyeher is appointed to fill a vacancy on the Board of Rating Appeals after the trustees meet at the village hall. The meeting approved a finance plan for paying village employees and authorized bids for a new police car.
Senator Humphrey praised Premier Khrushchev and urged expanding international medical research collaboration between the United States and the Soviet Union. He described candid talks, noted disagreements remain broad, and said joint health research could be a good starting point for nonpolitical cooperation.
A brush fire roared from the Santa Monica mountains toward downtown Los Angeles, driven by Santa Ana winds up to 60 mph. Firefighters reported 8,000 acres charred in three hours as Red Cross shelters housed nearly 1,000 people in three public schools. Authorities pursued a potential arson link after a hospital escapee was seen near the blaze.
Reports show TAL proposing new and expanded programs funded by higher federal spending. Mills warns only modest changes this year with possible revisions including ending special tax breaks. Officials anticipate defense and space exploration costs driving future increases toward the 78 billion dollar range.
The funeral of Herbert Charlea Slater, age 40, who was fatally stricken yesterday, will be held Friday at 2 PM at the John J. Sanvidee Funeral Home. Claude Ghureh of the Jehovah's Witnesses will officiate. interment in Albany Rural Cemetery. Slater, a native of Hartford, moved to Troy as a child and was a World War I veteran. He lived at 174 7th Ave and died after collapsing at a job site on 15th Street. Authorities investigated. coroner awaiting examination results. Survivors include his wife Marion and two daughters.
A man named Pelletier, 33, fired at a deer about 70 feet from the boy’s home in West Vaughanville. The bullet struck a hog and then hit the boy, who was playing about 100 feet from his home when the incident occurred. The state police said Pelletier helped summon aid and the boy was taken to the hospital.
Governor Harriman cites new safety provisions in the State Education Law after the Cleveland Hill Grade School fire killed 43. The measures require annual inspections, five hazards, and five drills for schools with 100+ students, two stories or more. Officials pledge ongoing safety improvements.
Testimony details alleged fund payments and favors tied to Labor Peace disputes. Warren Tapper of Des Moines Heating Co and Harold Evek of Airway Heating testified about kickbacks, with figures $250, $500 and $300 cited. Bert Cluuder of Caliger Heating Co. and Martin J. Howard also named in the probe. Howard invoked the Fifth Amendment, warning that questions could incriminate him.
In Bonn discussions surface on German unification with a possible Big Four conference and UN mediation. Allies consider East and West German authorities in consultation while West Berliners resist Soviet plans for a free city and Khrushchev’s proposals amid tensions. Diplomatic sources note readiness to adapt policy without abandoning core principles.
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