Stock Martket

1961-10-16-gry-p-1Letter transcription:

[Wright 533 – handwritten by David]
Kentland, Indiana
October 16, 1961

Dear David:

Arvella gave me your message. I mailed two pairs of gloves to you. I haven’t looked at the market today. I have been pretty busy all day so far and haven’t had time to study the situation. I presume you want me to select something for you since Benquet is not available. Have you looked at the market recently? In case you haven’t International S. closed last Fri. At 30 5/8 which makes it work a little more (about $180.00) than we paid for it. Also we have received another (regular) dividend check for $82.00, plus the one for extra we received right after purchasing, for $125. As you can see that makes our dividend so far this year a little more than $200. We purchased on May 31, the close of one quarter, so naturally didn’t receive any dividend that quarter – regular that is, but the extra. Dad and I will go over the market tonight and see what to select for you. John’s G.E. is worth 12.375 a share more than he paid for it in July – he bought 50 shares, so you can see it is work $618.75 more than purchase price. His Rexall has climbed a few dollars also, but he only bought 25 share of that. It has been very warm here today, so hope it has been warm enough in Bloomington that you haven’t needed gloves. Dad is trying to fix Mark’s record player, but he has hit a snag. He has it back here in the family room on the round table (the J. Paul table) in parts. I have been having a little trouble with my record player. I will have to get Paul out here again to look at it. I had Paul fix the car radio. Just one little fuse had burned out. It took him about five minutes to fix it. I am still having some pain in my right arm and still take a diathermy treatment daily. I haven’t been able to use a broom since my injury, so the garage is getting a little mussy looking. I don’t do anything I feel is unnecessary. The windows look terrible, but they will just have to wait until my arm can handle a window cleaner. I put $130 in the bank for you, so your Nov. deposit has been made. Just keep your bank account straight. We haven’t heard from Mark since they were here a week ago Sunday, so we presume everything is OK with them. We have promised to visit them at the first opportunity. They want us to see their apt.

Love Mother

©2016 copyright owned and transcribed by Deborah Sweeney
Post originally found:

1 thought on “Stock Martket

  1. davidmadison1942

    I must say I have no memory of all this buying and selling stock. But it is certainly true that the stock market was my dad’s other hobby…besides woodworking.

    “which makes it work” should read “worth”

    “so you can see it is work $618.75 more” should read “worth”

    “(the J. Paul table)” I don’t have a clue.


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