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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Oct 07, 1958
Page
8
A reader questions long term investing versus insurance and fixed deposits with figures like $7,200 potential gains and $35 monthly costs. The discussion weighs stock growth, inflation impact, and tax considerations, noting risks, dividends, and the idea of reinvesting while evaluating a safe, steady path.
New York AP reports the stock market rose to record heights as the Dow Jones gained 2.59 percent to an all time high, the S and P 500 rose, and trading volume surged. The advance reflected broad gains across major sectors while bonds closed mixed and long term Treasuries rebounded.
In Lennoxville Quebec three young children 6, 3, and 2 died in a house fire after their father reportedly tried to start an electrical device, the mother and children were trapped and the blaze destroyed the Westory house.
A jumble of stock figures and company names appears, listing Allegheny, Aluminum Age, Armco Steel, Colgate Palmolive, Edison, Union Carbide and other entities. The piece weaves prices, percentages, and initials, along with community church notices and local events, without cohesive narrative.
Waterford Civil Defense Auxiliary Police invites applicants for voluntary service at Town Hall at 7:30 pm led by Deputy Chief Genege Auah. Brownie Troop 28 meets at the Town Hall. Survivors noted in local obituaries include Mrs Joan La Fleur of Waterford and Miss Agies Halpin, with funeral details and cemetery interments following.
The Labor Department reported modest improvement in factory employment for August. Fabrication layoffs declined, total layoffs fell from 139 to 116 per thousand workers, with transportation equipment and metals sectors showing the most progress as auto plants gear up for year 1930 outputs.
A garbled report describes a rookie patrolman miswriting tickets and an instructor's guidance. It mentions a court appearance and a separate sketch incident in Allegan Michigan involving a suspect and a person named Belgay Willer Sr. The text remains unclear due to OCR errors but references a police matter and an assailant sketch.
Willard Miela, 68, longtime resident of the Waterford area, died Wednesday at Leenan Hospital after a long illness. Survived by wife Mildred and six children Michael, Jo, Albert, Marie, Dorothy, and Joan, he was a former watchman for the Delaware company and served in World War II. He was a communicant of Saint Peter and Paul Cathedral in Cokves, Akelani.
Belgrade Yugoslavia rescue teams labored for days four nights to reach trapped miners after an explosion and fire at the Kedvar mine in eastern Serbia. Officials reported 18 miners rescued prior to halt of operations with the final death toll unreleased at press time.
Waterbury report notes James Bhilredge was reelected to the water commission but his term not finished. Paul Bigelow named to post since Bhilredge’s term hadn’t expired. Eldredge’s election nullified. he remains on the commission for the year.
AP report describes a downtown fire in Utica that killed six children and critically injured one adult. The flames consumed a three story building at 290 Park Ave, with the owner Ben Jacobsen identified as a tenant. Fire department officials said the cause is undetermined.
A garbled OCR note claims a stack of one dollar bills would reach 72 miles tall, totaling 14,026 2/3 feet. The fragment mentions cities and finance in a distorted way, yielding a curious count without clear sourcing or context.
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