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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Nov 11, 1958
Page
13
The letter from William A. Doyle discusses saving money and investing in stocks to build a nest egg for retirement. It asks how to start, what a share costs, and where to buy. It ends with uncertainty about answers.
The passage discusses stock investing basics from college days, stressing research before buying, selling principles, and the idea that small, consistent profits can build wealth. It references professors, the behavior of investors, and contrasts long hold versus active trading strategies with examples from companies like Ford, American, and Bethlehem Steel.
New York AP reports the stock market posted another record high led by American Telephone with the AI T stock climbing through 200.34. The AF 60-stock average rose to 204.00, with industrials up and volume near 3.7 million shares, while utilities and metals also advanced amid optimistic profits and copper price hopes.
The page prints multiple death notices and funeral details from Cohoes Watervliet and nearby areas. It lists services for Mrs Ged Glod Jr. Joseph Kosek Jr. Eva Barachak. Miss Clara Stephens. Mrs Mary Collins of Troy. Dighton Churchill Ketcham of Sudbury. Mrs Elizabeth Lye of Colonie. Eugene Rabidoux. John Slane. and other local residents with church masses graveside rites, funeral homes and interment sites across St Michael’s St Nicholas St Joseph’s and Oakwood cemeteries.
Negotiations at West Virginia Pulp and Paper in Manchaville stalled after another deadlock. A company spokesman said general conditions of future negotiations were discussed at a meeting held at the Mechantville Lodge of Elks. Talks have lasted over two weeks with John J. Yorke as plant spokesman and a four man union committee leading the talks.
A four engine cargo Super Constellation veered off during takeoff at a major airport, catching fire as two engines detached and tumbled away. Crew evacuated via rear door. all aboard survived with minor injuries. Firefighters contained the blaze as the terminal area was evacuated and authorities investigated the cause.
A garbled report recalls two statements by White and others reaffirming the West's stance on Berlin. The 1954 three power commitment and continued Allied forces in Berlin are cited as essential to global peace, with warning against any attack.
Miss Agnes Goransson a 21 year old Swedish student at Albany State Teachers College won the annual District 3 BPW scholarship. The award covers books fees and living costs for one year. Goransson plans to return to Sweden after studies and become fluent in English and Swedish. The Troy BPW club announced its Christmas party with a theme of international unity.
King Hussein confronted a Syria overflight incident as a Jordanian airliner carrying the king defied Damascus restrictions to approach the Syrian capital. Cairo said the plane heeded a landing order. Damascus claimed no permission was granted. The incident prompted a national holiday and calls to defend Jordanian prestige. The UN envoy Spinelli sought restored communications as regional tensions mounted.
Police detained 25 year old Joseph A. Xilpoy on a Washington Avenue speeding charge late last night. Detective Bureau officer William O. Gille issued a $25 appearance fine. The vehicle tied to the case was towed from River and Main Streets to Troy menands village for further processing.
The court held Jamal red and Daghwstani guilty on all charges framed by military prosecutors of the new Iraqi government. The case involved alleged conspiracy against Iraq’s independence and attempts to unite Shiaria and Iraq by force, dragging Tint into the pro western Baghdad Pact.
The Area School Of Missions in East Greenbush hosts a Friday through Sunday program sponsored by the commission on missions. Speakers include Leon Adkins of Nevy tohville Methodist Church and Dr Carlyle Adutis of Renstelacy, with Rev Frederick Dyrkmai guiding children’s entertainment and a concluding worship service led by Dr Barbara Moss, a Columbia University physician who has practiced in Korea.
Police report two brothers admitted stealing a 1950s sedan from Raymond J. Tymeson on 128rd Ave, abandoning it near Albany near a garage after stalling, and taking a 1954 sedan from Sylva Smith on Hickory Drive. They later stole from vending machines in Lansingburgh, netting about $320, then bought clothing with stolen funds. An older boy allegedly led the others and may face arraignment in Rensselaer County Court.
A local Latham firm sponsors an industry clinic at the Civels Inn. About 500 manufacturing leaders will tour exhibits and hear Raleigh Bark L. Finkle discuss Pavetiilogy in Action. Exhibits and displays run throughout the event under Willan 1 Wop direction.
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