06 Dec 1973
Page 1
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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Dec 06, 1973
Page
1
The USDA AMS predicts a record area harvest of about 2.725 million bales due to gin labor shortages. Lubbock market prices rose $9 to $10 per bale for long staples with demand strongest for 61-2nds inch and longer. Prices ranged from 29 to 44.50 cents above loan levels, with typical totals near 37 cents.
Seven of eight members of the advisory committee backing the civic center urge completing the plan in a damaged area north of the city core. They favor raising funds if no rate increase is needed, while others seek cost trimming or no expansion of lanes. The council meets Friday at 1 a.m. to decide, with bids to be rebid if required.
A reader offers a brief prayer asking for divine forgiveness when straying and gratitude for mercy upon return, in Jesus' name.
Avalanche Journal reports in the B/Lubbock area that residents follow stepped up deadlines as fuel shortages strain the postal service. John Caraway notes mail is up three to four percent from last year and parcels up 20 to 38 percent. Postmaster Reed says deadlines are tighter due to fuel constraints and staff are working around the clock to meet peak demand.
Two Houston based savings and loan holding companies agreed to exchange ownership of Lubbock State Savings and Loan Association for 4.5 million dollars with a 3.5 million loan at 7.12 percent, pending Federal approval. State Savings, valued at about 43 million in assets, will shift to Southwestern Group Investors Inc while Affiliated Capital Corp. retains Arlington and Houston holdings.
Clear to partly cloudy through Friday with high today in the upper 50s. Tonight’s low in the upper 20s and Friday’s high in the 60s. Light southerly winds up to 18 mph. Temperatures across the region include 39 to 51 degrees in scattered readings with sun up at 7:47 a.m. and sunset at 5:39 p.m. Maximum humidity around 69 percent and varied readings noted in the Abilene, Amarillo, and Dallas areas.
Atty. Geo. John Hill ruled the Texas Highway Commission lacks power to lower the maximum speed limit. Gov. Dolph Briscoe says a special session may be called to align with national policy on 55 mph limits, oil tanker rules, and school hours while urging voluntary reduction to save fuel. Speaker Price Daniel Jr. pressed for bold action.
New York markets opened roughs as the Dow Jones Industrial Average fell 14.90 to 883.1, its lowest close in over three years, with a roughly 20 percent drop from late September. Brokers cite energy worries and a $14 billion paper loss in NYSE listed securities amid the slide.
Energy advisers weigh transferable gasoline coupons as part of a broader rationing approach. The plan would let drivers barter or cash coupons at banks, potentially paired with a higher gas tax, while aiming to curb black market activity and bureaucratic overhead.
The Goodfellows group sponsors Christmas gifts for grandchildren of low income families. Volunteers deliver sacks of fruit, nuts, candy, and toys on Christmas morning to dozens of children four and younger. Last year the drive cost about 10,000 dollars, funded by public contributions.
Skylab astronauts Gerald Carr Edward Gibson and William Pogue used four instruments to photograph Comet Kohoutek from 120 million miles away. They also conducted a wide earth resources photo pass over Texas Utah and Nicaragua while the 20th day of an 81 day mission proceeded.
The Associated Press reports truckers threaten blockades across several states amid fuel and speed concerns. Govs Shapp of Pennsylvania and Whitman of New Jersey mobilize guards and heavy fines to keep highways clear while Ohio protests grow and traffic snarls intensify.
A bipartisan confirmation mounts as Gerald Ford is approved by the Judiciary Committee and moves toward final confirmation by both chambers. Nixon nominated Ford on October 12 after Spiro Agnew’s resignation, making Ford the first vice president chosen under the 20th Amendment.
A banquet scene features a toastmaster who flatters the after-dinner speaker with a flamboyant toast. The moment highlights how ceremonial praise is used to cap a formal event.
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