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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Mar 11, 1967
Page
11
The New York Stock Exchange closes with mixed results as key indices move in narrow ranges. Traders monitored banking sector momentum and energy shares amid cautious sentiment ahead of the week’s economic data.
New York stocks rally on tax news with the Dow Jones and NYSE leaps led by industrials and rails. Gains broad, turnover heavy as investors cover shorts and push prices higher amid favorable tax developments.
Reader and spouse ask about converting $100000 in blue chip stock to mutual funds after broker recommendations. Reply warns capital gains tax up to 25 percent on profits, notes uncertainty of cost basis, and suggests they may be better remaining invested given their 14k annual income and 6500 in yearly dividends.
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