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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
May 18, 1950
Page
16
New York stocks advanced to near four year highs with industrials posting strong gains amid tax cut prospects. Traders cited increased buying after expectations of reduced holding periods and lower capital gains taxes, with profit taking limiting gains among rails and other sectors.
Curb Market shows thirty industrials at 220.80 up 0.90, twenty railroads at 56.57 up 0.13, fifteen utilities at 43.82 up 0.47, and sixty three stocks at 78.08 up 0.25. Trading volume reached 2,020,000 shares versus 1,730,000 shares on Tuesday.
Fragmentary note references a university building test for earthquakes. The text includes unclear phrases and repeats, but centers on a construction or research action at a university related to earthquake testing. Further readable details are unavailable within the provided fragment.
Obituaries announced for Ida Snyder of Grafton at 74 with survivors including two daughters and two brothers. Funeral services set at Grafton Baptist Church, burial in Meadow Lawn Cemetery Petersburg, with Rev. Maitland officiating. Also noted are several other local obituaries for residents of Wynantskill and Troy, with funeral details, church services, and interment information.
Two rubbish fires prompted Troy fire crews to a factory rear on Oakwood Avenue at 4 47 p.m. and again near Spring and Walker Avenues at 4 49 p.m. Firemen reported alarms and dispatched pumper units to the scenes.
A 10 sedan owned by Julius Reger of 1 Hillside Avenue, reported stolen yesterday from Pawling Avenues near Winter Street, was found abandoned yesterday afternoon near St. Joseph's Cemetery by Patrolmen Milton Henry and Willard Sheeran. The vehicle was towed to Truesdell's garage.
The Magic Carpet airlift brings Yemenite Jews to Israel with most expected to settle in their own absorption sites. The Jewish Agency outlines a plan to absorb about 40,000 Yemenite Jews, many of whom are arriving in Tel Aviv and lasting in the early stages of resettlement.
Ducks take to air after long water runs with rocket assisted boosts in a rare display. Mallards leap from water high into the air as guidance and propulsion devices aid their ascent. Classified display marshall and Marchandic note the unusual show.
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