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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Feb 06, 1955
Page
9
The bull market extends into February with the industrial price average hitting a new high for the week after 11 straight advances. Dow Jones industrials gain 5.08, rails dip, utilities rise. analysts warn rails lag could threaten a Dow theory reversal despite strong industrials.
Brownfield report shows Terry County poll taxes totaling 2131 for 1955, down 169 from 1953 and far below 1954. Tax Collector Don Cates cites the drop as a countywide trend with reduced payments across the year.
Johnny Fields of Littlefield and Royce Turner of Pleasant Valley will enter Lamb County 4-H records in the South Plains district competition. Fields reported 268 pounds of lint per acre on five acres after two plantings, while Turner harvested 2.25 bales per acre on irrigated five acres with 200 pounds of fertilizer and composted burrs.
Twelve finalists have been selected for the third annual Valentine Sweetheart Contest and Variety Show at 8 p.m. Thursday in the Lubbock High School auditorium. The Rebekah Lodge sponsors the event with five judges evaluating talent appearance and personality.
The Lamb County Water Board will elect new officers this Friday February 1 at 8 pm in the Littlefield Chamber of Commerce office. Chairman W M Peterman of Amherst calls the meeting and says both old and new board members will be present.
Fort Worth market notes beef steers and cows advancing 21.00 to 24.50 while heifers and stockers show strength. Slaughter calves and feeder lambs move within wider ranges as sheep steady to lower and hogs ease from prior levels.
The United States Savings and Loan League reports American savings reached a record $231.3 billion at end 1954, up about $14.9 billion for the year. Savings associations led gains with 18 percent, followed by commercial banks and mutual savings banks.
Abilene guest Frank Bell outlined sales fundamentals at the South Plains Life Underwriters luncheon in Caprock Hotel Comanche Room. About 50 members heard Bell, SMU Insurance Institute graduate and Texas Leaders Round Table director, explain sales success via the letters in SALES.
Ralph Cockrell has been appointed city fire marshal to replace Neal Clary who resigned. Clary had succeeded Dick Woods after Woods left the post following several years of service. The appointment was made by the city commission.
Sugar spokesmen will meet with Agriculture Department officials on February 11 to discuss proposed revisions to the U S sugar act. Department officials say they will listen as there is no fixed policy yet. The industry seeks an emergency quota rise and a larger share of annual quota growth.
Mexico's treasury ministry reported January reserves up by 17 million dollars, bringing total gold and dollar holdings backing the peso to 222 million. The spokesman said this is the highest level since the peso's devaluation and nearly matches January 194, when a capital boost preceded the collapse. Observers note reserves nearly doubled from the post-devaluation low.
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