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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
May 06, 1950
Page
9
New York television shares rose briefly on news of strong demand for TV sets from Admiral Corp, reversing a downtrend as the broader market rallied under Chrysler. Emerson Radio reported weaker TV and video shares, signaling a contrasting view and contributing to early market volatility.
The report notes gains in Major industrials and utilities with leaders like General Electric and General Motors up while Chrysler rises 68 percent and Admiral and Etownon advance in televisions. Dow Jones averages show industrials at 215.72 up 0.85, rails 16.25 up 0.20, utilities 48.20 up 10.31, with volume around 1.79 million shares.
The Legislative Yuan chief urged the United States for aid against Communists, calling Formosa vital to defend democracy. Liu Chuen-chun said the goal is to curb aggression and protect Nationalist territory amid Soviet and Chinese Communist pressure.
Clarence A Wicks of Sand Lake Kiwanis Club spoke on high incidence of accidents among teen age drivers at a Thursday night meeting at Du Four's Inn. He showed a film. Kenneth J. Plant, vice president, presided and introduced the speaker Kenneth B. Davis, vice president and program chairman.
Senate leaders push to bring up the fair employment practices bill despite southern opposition aiming to stall debate. The plan centers on a cloture rule to limit filibuster and force a vote after foreign aid talks, with possible two week delay if blocked. The measure would ban employment discrimination and create a federal enforcement commission. Naval operations in Okinawa reported 208 Japanese planes shot down with four losses.
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