01 Jul 1965
Page 1
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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jul 01, 1965
Page
1
The A J previews tonight’s eight item agenda for the City Planning and Zoning Committee as part of the Section B coverage. Readers see mentions of federal funding for Lubbock building projects and other city planning items slated for discussion.
The House approved a four year 5.3 billion housing bill with a modified rent supplement plan for lower income families. President Johnson called it an historic step and touted pathbreaking rent subsidies to spur new homes and private development. The measure tightens eligibility, cuts funding, and preserves a landmark approach as an alternative to public housing. It also includes no down payment FHA loans for veterans and grants for development and community facilities.
Senate Rules Committee members urged possible indictment of former aide Bobby Baker for conflict of interest and abuse of office. The report cites use of influence to profit personally and references a life insurance sale involving President Johnson. Baker refused to answer with a Fifth Amendment claim as federal grand jury probes continue.
The New York stock market rose sharply on Wednesday with 1,168 of 1,385 issues advancing, marking the biggest gain in 19 months despite no single triggering news. Traders cited bargains, portfolio reshuffles, and increased activity from foundations, mutual funds, and some small investors.
The Missouri State Bar convention discusses lifetime appointments and nonpartisan judgeships as a solution to political influence. Lubbock County Bar Association opposes the plan and defends electing judges, with six Lubbock delegates among about 2,200 at the 83rd session. Page 10.
Lupe Gallegos, mother of Sharon Lynn Gallegos, continues to hope for her daughter's return five years after the 1960 abduction in La Ma Gor do New Mexico. Sharon, then in fourth grade, was lured into a dark green car by a heavyset woman who offered candy and clothing.
Washington AP reports consumer prices rose three tenths of one percent in May, lifting the index to 109.6 and marking a 1.7 percent year over year increase. Bureau of Labor Statistics officials indicate index likely rose further in June, with final June figures pending weeks.
Treasury reports a $300 million improvement in federal finances bringing the deficit to 3.5 billion for the year ending midnight. Secretary Fowler described the economy as sound with healthy near term growth and no expected fiscal difficulty. Revenues rose by 100 million and outlays fell by 200 million in recent weeks.
The article notes a $4.2 billion deficit forecast for fiscal 1966 as tax revenues swell due to a peacetime expansion now in its 53rd month. It cites a sharp budget shift since January and suggests the new year may be the last with federal outlays below $100 billion.
Ken Harding, a Texas Tech Peace Corps trainer and former PCV, describes two years in Ica Peru from 1962 to 1964. He lived in the barri das, faced primitive conditions, and relied on boiled water and local vegetable soup with ahi for meals. He emphasizes practical daily life lessons for future volunteers.
Viet Cong guerrillas bombarded the Da Nang air base with mortars and a commando raid. A U.S. serviceman was killed and five wounded as 5 million dollars worth of aircraft were destroyed or damaged, including two C 130 transports and an F 102 fighter. The attack breached barbed wire defenses and a policeman was killed at his post. Overall details remained unclear at midday with varying initial reports.
Widespread showers flood Missouri River basin across Nebraska Iowa Kansas and Missouri. Minor rises affect low fields while authorities report no major damage yet. Temperatures warm in Texas with 90s highs and upper 60s lows as southern winds pick up. Flash floods hit Little Platte River area near Smithville Missouri and nemaha inflow to the Missouri swells, with light floods on Nishnabotna at Hamburg Iowa.
Robert Ruark syndicated columnist dies in a London hospital at age 49 two days after admission for an undisclosed illness. Born in Wilmington North Carolina he rose from WPA accountant to a top newspaper writer and author traveling 100000 to 150000 miles yearly, acclaimed for his adventurous life and prolific output.
Airman Robert J. Smith of Cibolo Texas was listed as killed when a Viet Cong bomb hit a floating Saigon restaurant on Friday night. The blast occurred on the Saigon riverfront injuring others and destroying the eatery.
Mostly fair today and tonight with region highs in the low 90s and southerly winds up to 25 mph. No moisture forecast. Temperatures show noon around 87, high 93, low 69. Humidity peaks at 73 percent and drops to 34. Sunrise and sunset listed. regional data include Abilene El Paso Albuquerque and Denver areas.
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