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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Feb 10, 1963
Page
21
A compact market wrap covers stocks bonds and commodities for the week. Analysts note mixed equity action with volatility in bond yields and gold and oil movements reflecting global cues. Investors await central bank signals and corporate earnings outlooks.
New York AP reports February kept with its famed irregularity as the week saw modest gains in the AP average while Dow fell. Strong aerospace orders from McDonnell helped lift shares, with Chrysler stock split announced boosting motors and Automotive groups leading volume.
Old crop soybeans closed sharply lower while new crop months rose after a nervous week. Wheat and corn posted modest gains, oats rose modestly, rye fluctuated, and soybeans swung from a 4% loss to a 2% gain. Cuba reemerged as a market factor amid talk of Soviet military buildup, prompting buying interest across most grains.
Eartha Kitt was ruled to have infringed copyright by singing "An Englishman Needs Time" after she failed to respond to a suit by Anne de Nys, stage name of Lady Anne Oakeley. An interlocutory default judgment was entered. damages to be assessed by a High Court master.
AP reports scouts from 25 countries invited to an international regatta in Montreal next August as part of a global scouting event.
The Senate investigations subcommittee scrutinizes reports of inefficiency and favoritism in the TFX program. General Dynamics won the contract over Boeing with Grumman as an associate contractor amid claims civilian Pentagon chiefs overrode military evaluation findings. Hearings may begin before month’s end but most evidence centers on the multibillion-dollar project.
SAN JUAN Puerto Rico AP city officials paid 24000 dollars for two English make buses with left side entrances to stop on the opposite side of the two main one way streets. The change aims to balance access after protests from businessmen who claimed the one way plan favored stores on the bus side.
Dallas Police Chief Jesse Curry directed officers to aid news crews and not interfere with press coverage. He said the public has a right to know and ordered the rule read to all officers and added to training, warning disciplinary action for violations.
Marie Charbonnier, 84, said she may never drive again after a court suspended her license for two years following her first accident in 30 years. She lamented that by age 88 she might have lost use of her hands and recalled enjoying driving at 80.
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