01 Oct 1958
Page 9
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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Oct 01, 1958
Page
9
The Daily Investor notes a series of cantilations linked to paying stocks and regular dividends. It discusses stock shares, cash yields, and the mechanics of distributing earnings, hinting at investor actions around share value and payout timing.
Stock market notes discuss dollar averaging avoidance, fees, and broad stock picks. References to Foster Adams, various companies, and mutual funds urge reader opinions on risk and growth, citing prospectuses and brokerage practices.
The document describes ongoing union disputes at a major plant where workers resist the new wage framework. It notes a postponed strike, a return to bargaining, and hints a Sept. 17 agreement laid groundwork for wage increases tied to basic living costs. The piece references a prior 10 cent per hour raise and demands for living wages amid skilled labor.
AP report details a perilous railroad scene where Tintin narrowly avoids grave harm when a train derails near a trestle. A bystander, Walters, lies between rails as the collision occurs, with one car lifting into the air and passengers scrambling to safety amid shock.
Market records surged as industrials led gains with broad participation across sectors. The Associated Press average rose to 195.90, Dow up 3.8 points, S and P 100 up 50.06, while rails utilities and several industries hit new highs amid ongoing rate concerns and Chrysler dispute tensions.
A broad campaign plan seeks ten million dollars for the United Fund to support fire safety and related services. The program featured Raymond C. Dumser and leaders from Chuebt, Peahedy & Co and other agencies, focusing on women in business, plant participation, and the “fair share” giving plan.
The U S Supreme Court ban on evasive schemes to desegregate limits Norfolk public schools action. Ten thousand students face disruption as football and adult education classes are halted. closures extend to Charlottesville and Warren County amid bond controversy and governor ordered shutdown.
The OES Victorian Chapter of the Order of the Eastern Star met at the Masonic Temple to mark the 37th birthday. Rev. and Mrs. Melvin D. Lavender presided. next meeting to host Victor Lodge Master Masons with Willard Lawrence presenting photos from Brussels. Social hour run by Mrs Williams Ralston, Mrs George A. Deis, and Miss Mildred Banker. refreshments by Mrs Allen B. Merrick and Mrs Javst Stayser.
President Eisenhower designates Pete Quesada as administrator of the new federal aviation agency, with a recess appointment effective November 1 and a Senate-confirmed nomination to follow. Quesada will resign from the retired Air Force to serve as civilian administrator, earning a salary of 22500 dollars, while Congress debates restoring his military status after service. The post unifies civil and military air rules under one agency replacing parts of existing boards.
Secretary General Hammarskjold said the United States and Britain would withdraw troops from Lebanon and Jordan with conditions. The U.N. would expand its observer role in Lebanon while U.N. Arab representatives oversee Jordan security. Spinelli appointed to coordinate. Oil embargo talks with Syria and Iraq noted.
Federal mediators said talks between General Electric and the International Union of Electrical Workers made no progress. Union president James B. Carey warned a strike of about 70,000 GE workers could begin today while mediation officials signaled further discussions.
AP reports Army Chief Gen Maxwell Taylor announced a near abandonment of plans to shrink the Army National Guard. He said 9% of missing guard divisions will be confined to five base groups, with earlier proposals to cut to 360,000 paid strength rejected. The Guard will instead grow toward 400,000, reorganizing divisions under a five battle group plan.
The Army announced a 185 million dollar contract to Western Electric for rapid Nike Zeus antimissile silo development. Bell Telephone Laboratories and Douglas Aircraft are key partners with many subcontractors. About 21 million funds go to research and development, with the rest for procurement and equipment.
The Rensselaer County Salon Band 40 Soulssy Ablérivan Legion Austrary will elect officers at an 8 p.m. meeting Monday. The Thelma Warren will preside at the session. A dinway will be held following the meeting.
Former mayor don Benedict died yesterday at his home after a brief illness. He led the Benewter Crm, an automobile agency, and founded Navwiel in TOK. He was 52.
Bolivian tin millionaire Adenar Palin Tarfeitod failed to appear in Supreme Court. Justice Sidney A. Phiw ordered Lae byad for Teilud, Patino Was arrested af 1le wild Pack last Pridsy wa can plaint of this estranged wife, Cristina The Bourbon Patina. She charged that tery $400,000 in arrears in support payments.
Pilot Lt Cmdr Avi Thomas, 38, of Mawbrick, Nebraska, stayed with a disabled bomber steering it from a congested area near Takgonville Florida. The bomber developed trouble over southwest Jacksonville during a routine training mission. Thomas landed safely near the crash site after the other three crew members bailed out and were rescued from the St Johns River. Crew: Marshall Windham, 36, Reed Springs Missouri. William Kohtruseh, 27, Rochester New York. Nelson Tapp, 32, Teneling Pennsylvania.
The White House announced that President Eisenhower would not attend any World Series games this year. Press Secretary Herschel Hagerty stated the president’s absence reflects routine presidential duty and does not indicate a change in policy or interest in baseball.
The Troy city administration advanced plans to demolish Troy Union Station and create a public parking area. The Board of Contract and Supply approved hiring Harrison & Mera to supervise demolition, site filling, paving, drainage, and specification preparation while coordinating completion and operation under the contract. A joint city‑firm group will decide if the bid receipt date remains or is moved to allow more prep time.
Rep Emmnangel Colley chairman of the House Judiciary Committee urged Eisenhower to consider Adlai Stevenson for a cabinet post to boost bipartisan support for a foreign policy. He argued Stevenson could help defend Quemoy and Matsu without risking war and noted no Democrat is better suited for the role than Stevenson.
Mrs Frank Roosevelt returned from a week in Russia and said the United States should not rush into war over Quency Island. At Idlewild Airport she urged talk to resolve commitments while noting fear abroad and differing views on the Far East crisis.
Detroit Ford division WEL previewed Mercury Besel Linear and Continental cars amid an unveiling of a 144 million dollar development program. Plans include 7% million dollars for advertising across newspapers magazines radio and billboards during the intro period. Bon D Mills division general manager predicted a hotter year ahead as the car lines aim to improve market position late November to early December 1950.
Multiple obituaries and funeral notices report deaths and services in Troy and surrounding towns. Names include William H. Moore Beatrice L Carey Amelia Meagher and Beatrice Whitaker with services at Elmwood Hill Greenwood Greenwich and other local cemeteries. Survivors listed span spouses children siblings and grandchildren. Funeral homes and churches such as Millis Memorial and AME Zion are noted with service times and burial plans.
Chou claimed the United States pressures China through peaceful negotiations while disguising aggressive aims. He warned Washington seeks to transfer armed forces to Japan and other bases to intrude on China's territorial sea and air, urging a resolute stance.
Forecasts predict continued cool and windy conditions across Troy and Albany with possible showers, temperatures peaking in the 40s to 60s and partial clearing tonight. In Tokyo a diplomatic note labels Beijing’s protest over a 17 mile territorial claim as unreasonable, signaling rising tensions between China and the Communist regime.
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