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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Mar 06, 1960
Page
53
The Dow Jones industrials fell each trading day with Thursday and Wednesday posting the sharpest losses. The weekly drop reached 22.21 points, the range 34.95, and the close at 609.75 marked the lowest in eleven months. Analyst Charles E. Carden provides the Avalanche Journal analysis.
Edward Cowan explains that a home is not only shelter but also an investment. Home equity can fund emergencies and future needs, affecting a family’s financial resilience and potential wealth.
Southwestern Bell announces pilot of electronic out of town call billing in Lubbock and Slaton. Operators will record calls on magnetic tickets. IBM processing will print bills. Some customers may receive two statements during transition.
Lubbock branch office and manager F F Wigginton receive a certificate for leading the nation in a sales contest. John Barshaw begins construction of an educational building for Peace Tabernacle at 410 Ave U. Estimated cost is $22 000.
Salt Lake City AP report says bank manager Thomas Wiseman expected trouble after a breakfast alarm. Two armed men forced him and tellers to fill a case with about 34 000 dollars. FBI and sheriff's deputies jailed Edwin Albaugh and Milton Jacobsen within three hours.
Jack Goodman has started construction on a commercial warehouse at HG E 42nd Street. The estimated cost is eighty thousand dollars.
Sen. Fulbright and colleagues clash with President Eisenhower over defense policy. Fulbright calls Eisenhower contemptuous of critics and warns the United States faces a Soviet threat in a 20th century Babylon frame. He cites objections from two former Army chiefs and other generals.
Kroger vice president Stephen A. Douglas tells the Dairy Products Institute of Texas that men should shop with their wives to boost purchases. He notes a 4 to 1 female shopping ratio and says couples shopping together buy more.
East Germany received formal recognition from the non Communist Guinea as Dr Seydou Counte presented credentials to President Wilhelm Pieck. ADN reported the Guinea ambassador's action marking a break from previous communist only recognitions and prompting Western concern over legitimacy.
A blast damaged the car of mayoral candidate Gordon Newell just three days before Seattle elections. Police found the explosion set off under the vehicle in front of the Newell home. No injuries were reported though windows were shattered and debris flew. Newell and opponent Mayor Gordon Clinton were the contenders in the nonpartisan race.
Lincoln Liberty Life unveils drawings for a 28 story tower in downtown Houston housing a 500 room Sheraton Lincoln Liberty Life hotel with office space. Bids for excavation and foundation have been taken and construction will start immediately with opening planned for early 1962.
Cre-Mel offers an independent franchise with plans operating experience and products included. Advertising and point-of-sale material provided with equipment secured financing available. Write for free brochure and application to R. L. Smith Cre-Mel Operations Post Office Box 4367 803 Jefferson Tower Building Dept LAJ Dallas Texas.
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