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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jul 07, 1970
Page
1
New York stocks fell sharply on Monday as analysts cited lingering fear about the economy's weakness. The Dow Jones industrial average dropped 13.48 points to 675.66 amid slow trading and expectations of disappointing upcoming quarterly earnings.
District Highway Engineer Oscar Crain said bids for widening Avenue Q from 4th Street to 23rd Street ran too high. He recommends combining the project with two others and re-bidding this fall or next January. The Texas Highway Commission meets Thursday to act on bids.
Report covers deposits totaling 401 million dollars at Lubbock banks amid statewide bank call. Article notes strong mid-year figures and examines regional banking activity, with focus on financial stability and consumer demand in the area.
Sizzling temperatures reached 102 degrees in Lubbock on Monday, eclipsing a 13 year old record of 100 set in 1957. Amarillo tied 100, with several Texas cities posting 103 or higher as a weak front cleared skies. Forecasters predict more hot days through midweek with light evening thunderstorms possible in parts of the Panhandle.
A reader asks for divine guidance to live virtues of faith hope and charity each day. The prayer concludes in Jesus name asking for daily strength and guidance.
On a crowded Avenue Q a severe traffic jam and 102 degree heat sparked tempers and brick rubble as crews cleared storm debris. Texas Tech Ranch Headquarters project uses more materials to form mounds for ranching division. Highway widening stalled after high bids. 67 percent of the Army Corps of Engineers project progress noted.
Texas asks the 10th U.S. Circuit Court of Appeals for an emergency injunction barring New Mexico ranchers from spraying lands with toxaphene due to water pollution fears in 11 cities. The delay in decision followed a late hearing, while a related Albuquerque district court case proceeds. Justice White reportedly declined to issue a nationwide injunction.
Zone Pleas were rejected as eight homeowners in the Guada lupe tornado area lost requests to rebuild on substandard lots. The Zoning Board acted to allow time for replatting while two residents withdrew to await plans by the Lubbock Urban Renewal Agency to buy and resell larger standard lots. In other cities, riots and arrests followed housing delays and job shortages, including about 60 youths in Somerville and clashes in Asbury Park with police injured and dozens detained.
A Texas committee chaired by former Gov. Price Daniel urged mandatory license suspensions for DUI offenders and universal liability insurance. The panel, praising Gov. Preston Smith’s traffic safety program, also urged including investment income in rate calculations, while noting fast driving and intoxication as major causes of fatal accidents.
The GAO reports heavy truck traffic is cracking interstate highways and may require hundreds of millions more for overlays. Only $200 million has been spent so far on added surface layers, with final costs likely higher. federal standards and state funding are debated as repairs extend beyond current design limits.
The 1fle member advisory panel meets at City Hall 4 p.m. to report to Chairman Roy Bass. The executive committee gathers at 7 p.m. to draft recommendations for the City Council. A work session at 1:30 p.m. Wednesday prepares for an election date set Thursday if council agrees. A finance subcommittee studies a potential 12 million dollar bond authorization, subject to revision within the allowed ratio.
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