Margin hikes and market sag dampen stock advance
Traders grew wary as rumors of higher margin requirements and a possible discount rate rise circulated. On Friday the Federal Reserve Board boosted margins to 70 percent, forcing investors to fund more of each purchase with cash while overall market activity slowed despite steady long-term gains.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve Board
Washington
New York Stock Exchange
Toath
Federal Reserve
Libby, McNeill & Libby
Pennsylvania Railroad
New York Central
Ruddoff
Avco Unc
Pocket Knife Point Removed From Knee of Abernathy Boy
A 10 year old Abernathy boy named Johnny Saari had a pocket knife point lodged in his kneecap. Surgeons at Methodist Hospital in Lubbock performed the removal on a Saturday night after Johnny and his 9 year old brother Richard were playing when the injury occurred. The parents drove two miles to Abernathy by car with a police escort to reach the hospital.
MENTIONED IN THIS ARTICLE
Abernathy
Johnn Saari
Methodist Hospital
Lubbock
Johnny
Jack Saari
Richard
Alliance With Beer Lobby Charges Tax Bill Attack
Texas Democratic officials denounce Gov. Allan Shivers tax plan as a harmful alliance with the beer lobby. Corsicana Judge Jim Sewell calls the measure one of the worst state tax bills, arguing it drains resources and targets Texans. He predicts the House will reject the proposal.
MENTIONED IN THIS ARTICLE
Austin
Jim Sewell
Corsicana
Texas Democratic Advisory Council
Sewell
Shivers
Allanhivers
Woodville
Republcans
House
Executive Committee
Byron Skelton
Temple
Texas
Skelton
Officials Probe Break-ins At Lubbock And Slaton
Burglars stole 24 T shirts from Mackenzie Park pool building and $22.50 from a cigarette machine at 20th Street Self Service Laundry in Lubbock. In Slaton, deputies investigated the O D Kinney Auto Store burglary with $127 in cash taken after a skylight panel was removed. Washington IA Chicago list selects five buildings as outstanding American architecture including the U S Embassy at Stockholm.
MENTIONED IN THIS ARTICLE
Mackenzie Park
20Th St
Slaton
O. D. Kinney Auto Store
Washington
American Institute of Architects
U.S
Stockholm
Charles BooGenther
Pace Asswriates
Chicago
General Telephone Cn
Southwest
San Angelo
Tex
Local doctors offer free polio shots to children
April doctors in Marlboro County offer the Salk anti polio vaccine to insure free administration to children. The usual $3 fee is donated to the National Foundation for Infantile Paralysis. County medical associations agree to cover the cost for those unable to pay.
MENTIONED IN THIS ARTICLE
Eimininter Ahott
National Foundation For Infantile
Marlboro County
Floydada Faculty Re-Hired After Contracts Update
The Floydada school district lists re hirings for many faculty members including Miss Anne Session Sha Dorooss Weddle Mrs Lena Mae Chris and others. Supt I T Graves Principal A E Baker and Coach Preston Watson retain unexpired contracts while Principal AW Coltharp was elected to a new post.
MENTIONED IN THIS ARTICLE
Anne Session Sha
Dorooss
Lena Mae Chris
Myron Itner
Lois Morrison
Corrie Barber
Rufus Emmons
Joyce Janes
Rob x McGuireay Young
Gertrude Carr
I. T. Graves
A. E. Baker
Preston Watson
AW. Coltharp
Poisoned Man’s Aid Plea Backfires in Home Confrontation
Report describes a dispute where an offended husband confronts helpers who arrived to aid a man allegedly poisoned. Police say the incident included threats and a false report claim, with the husband taking the matter to his kitchen and displaying the alleged evidence.
D d Sern Retired Printer Dies Here
D d Sern longtime local printer dies at home. He is survived by his wife Mary Ethel Horn, son David H. Horn Jr of Grenada, two daughters Mary Elia Vaughn of Crane and Faciev, and seven grandchildren.
MENTIONED IN THIS ARTICLE
Nic
Mary Ethel Horn
David H. Horn, Jr
Grenada
Mise
Mary Elia Vaughn
Crane
Faciev
Also Mentioned on This Page
Anderson
Andersons
Kermit
Texas Tech
Floydada
Ralph Fogle
Laurene Boedeker
Billy Barnes
Carolyn Ratey
Leslie Morris
Alliance
Beer Lobby Charged
Democratic Party
Terry County
Brownfield
Robert Finche
Brownfield Future Farmers of America
Tilson and Lang Loan Co
Berkie Slaughter
Wellman Ffa
Jack Cleveland Oil
Ronald Godwin
Brownfield Ffa
Jack Bishop
Furt Food
Murphy Meat Co
Jim Foy
Hank Matthews
Anton
Stanley Anderson
Texas Tech Animal Husband Department
Alvin G. Davis
Nixon
Richard M. Nixon
General Hospital
Munici
Armand W. Scott
Clifford W. Bryan
Los Angeles
Bryan
Secret Service
Lberal
City
States
Damrmaniaec
Tion Toe
Ayia
D'd Sern
Charles C. Hall
D.D
H. H. Brady Plumbing
G. H. Brown Plumbing Co
Clovis
Frederick’s Heating & Appliance
L. P. McKinley Plumbing Co
19Th Street
Taylor-Newton Company
34Th Street
Avenue
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