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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jun 19, 1968
Page
9
The No 2 cotton futures rose by 10 cents to 1.10 per bale as weather across the cotton belt stayed favorable. Spot markets were slow with middling cotton at 30.10 cents per pound across the 12 leading markets, and the prior close led by the same price level.
Hog prices steady to 50 cents lower as 5,000 head receipts at Chicago Stockyards shift buyers. Mixed weights and grades across hogs and sows traded 16.50 to 22.00 for heavier lots while steers and heifers at Fort Worth and Chicago Mercantile Exchange show varied futures and cash prices.
Chicago wheat futures gained nearly two cents as traders priced in possible rainfall delaying harvest. Corn oats and soybeans hit seasonal lows from liquidation, with oats recovering near day’s high and soybeans pressured by weak oil values. Wheat July at 1.31 1/2, corn steady to down, oats up, rye up, soybeans down.
Gulf Coast Investment Co. of Houston was convicted in Dallas on usury charges and ordered to pay borrower Donald Pritchard 5204 in restitution after charging excessive interest on a 1965 loan. The case signals potential hundreds of pending actions against the firm in Texas courts.
The FCC approved transfer of control of Wharton County Broadcasting Co Inc operator of KULP El Campo Texas from Culp Krueger to Bar B Broadcasting Inc and assignment of the KULP FM construction permit for 156 350 dollars in a Tuesday action.
James Earl Ray, held at Bow Street, fights extradition to the United States to face murder charges in Memphis for the assassination of Dr. Martin Luther King Jr. The hearing was brief and guarded, with a June 27 date set for the extradition proceedings. Ray's London defense plans and possible appeals were noted as the case proceeds.
House Ways and Means Chairman Wilbur Mills told a Rules Committee session that the 10 percent income surtax set to expire June 30 1969 may be extended. He questioned Congress ability to cut $6 billion in the tax economy bill and warned Johnson may have to curb spending if the full cut isn t approved. Mills noted total proposed spending reductions could reach about $10 billion next year with actual cuts of $4 to $5 billion. The Rules Committee cleared the bill for debate Thursday with a five hour limit.
World: Area men in service report Col James L Reager graduates from the U S Army Command and General Staff College at Fort Leavenworth Kansas Ensign Richard S Hubbert son of Mr and Mrs Jasper Hubbert of 3509 40th Street serves aboard USS Pollux in the Western Pacific earning commendation for meritorious service Captain Neil B Hollis son of Mrs Margaret Hollis of Andrews spent a holiday in Hawaii with his wife Rose Hollis is operations and training officer for the 4th Infantry Division 124th Signal Battalion near Pleiku Vietnam He entered active duty in May 1961 and was stationed in Europe before arriving in Vietnam last October Larry O Crowder son of Mr and Mrs H O Crowder Route 2 Abernathy attends Army ROTC summer camp at Fort Benning Georgia Chamber from Texas Christian University The camp began June 9 and runs six weeks Pfe Pvt Larry D Jackson son of Mr and Mrs Carl Jackson 609 Nell 6th Street Andrews and Pvt Leonard R Nash son of Mr and Mrs Leonard Nash 1020 West Third Muleshoe have earned Parachute Badges after completing the Army’s three week airborne course at Fort Benning Georgia The training included five jumps from 170 mph aircraft at 1250 feet altitude.
Joel P. Malone, 60, osteopath physician and surgeon, announces a new office at 2807 Ave. He will practice family medicine and osteopathics with appointment only. Office phone SH4-8963, residence SW2-6416.
The Jeep Gladiator delivers superior traction in mud sand gravel and snow with 4 wheel drive. It offers 7 to 8 foot beds and 120 to 126 inch wheelbases and versatile flat bed options.
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