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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Mar 12, 1966
Page
9
Secretary of Commerce John Connor said raising bank interest rates will push selective capital investment. He noted inflation fears slow borrowing for business while predicting selective investment may boost sturdy industry. he urged exports to offset shortages and balance of payments.
Local bankers report borrowers pay 14 to 1 percentage point more than six months ago as December Fed rate increases ripple through area loans. Bank leaders from Citizens National to Plains National say changes are gradual with no immediate widespread rate hikes, though prime rates on national credit rise.
The Gemini 8 astronauts, NewooA Aimestrong and Air Force Mut David To Scott, visit towns and the Ashanned Spacecraft Center for three days. A banquet raises about 250000 to aid charitable causes while officials discuss follow on spaceflight plans.
A garbled transcript shows the White House declining to comment on potential rate hike plans tied to LBJ era policy. Officials offered no clear stance and referred questions to economic advisors amid ongoing inflation concerns.
Reported near Da Nang a high risk rescue mission was planned with five US aircraft and helicopters lost. Gen Marion E Carl warned one in four rescues might fail. Major organizational shifts include a new field force and changes in the 1st Infantry Division leadership at Bien Hoa and Saigon.
The 1961 special edition celebrated Kansas Jayhawks and rival Kan Say Sale with congratulatory messages from state officials and a large Jayhawks sendoff. It notes Kansas basketball history, nine NCAA titles, and projected regional playoff travel, with coverage of Jayhawker fans and editorial wishes for playoff success.
Geneva Yell says her children enjoy watching Wayland dance the numbers each evening as he nears graduation. Mrs. Yell is Hale County Attorney secretary, attending Wayland part time. Yell, a 1952 Plainview recruit from Dumas High, majors in religion and English minor, works at Cen-Vi-Ro north of town. He chose Wayland for the campus enthusiasm shown by Walter Lassiter, then housing and recruitment chief, now Director of Food Services. The Yells have two Plainview relatives, aunt Mrs. Everett Bowen and uncle O. M. Yell.
Regional board meetings of the Texas Association of Vele phone Answering Services and the National Association of Ra dio-Telephone Systems start today at the KoKo Palace. The four day convention moves into its third day with an officer election slated for the radio-telephone group. Clayton Niles, executive assistant to the governor of Arizona, speaks at a banquet. A continental breakfast and membership meeting conclude Sunday’s final day.
About 300 square dancers are expected for the Southeastern District New Mexico Square Association Jamboree at Hobbs High School gym. A workshop runs from 1:00 to 5:00 pm followed by a festival at 7:50 pm. Three Hobbs clubs host with local callers from Hobbs and nearby areas.
A NASA official told the House Science Committee that the United States must either extend space goals beyond the moon or begin phasing down manned space flight within a year. He urged approval of President Johnson’s $5 billion NASA budget for 1967 to accelerate a 1969 moon landing and explore lunar stations, probes, and manned laboratories.
The Suh annual South Plains Rabbit Breeders Association hosts a one day table show at the National Guard Armory Sunday with over 500 entries vying for cash prizes and trophies. Judges are Ernie Parks and Art Nelson. 53 exhibitors from 15 states compete in youth and adult divisions. Trophy awards cover best displays and sweepstakes breeds. Open by 9 a.m. with eight association members entered. Show officials include Sammie Norman Dale Estes and Dorothy Galloway of Lubbock.
Coronado led his expedition across the Panhandle and Plains of Texas Oklahoma and Kansas. He encountered Indian groups called Quiviras but found no sign of gold.
Army demolition experts will blow up the Nelson monument in Dublin as part of finishing the removal begun by time bombs. The operation aims to demolish the pedestal and square stone base by St Patrick’s Day, following a prior blast that shattered windows but caused no injuries.
Thirteen new members of the Lubbock Board of Realtors were certified after completing the Forty Hour Instruction course at the Johnson House Restaurant. Wayman Mulkey and several peers presented awards to listed members, with college and sports figures from Texas Tech and SMU in attendance. In Lovington, Julia Ann Hagar, daughter of Glenn and, was named New Mexico winner of the Daughter of the American Revelation Essay Contest for sixth graders at Lea Elementary.
Two Tech graduates gain advanced science graduate fellowships from the National Science Foundation with Gailon Brehm of Amarillo and Stanley Harrison of Lubbock receiving 2400 and 2600 dollars respectively. Three Tech students Lyon Lockhart Jr Reesa Vaught er and Walter H Mays win summer teaching assistantships with stipends from 50 to 85 dollars weekly. The NSF awarded 1998 fellowships for graduate study and 910 for graduate teaching assistants.
Lovington New officers of the Junior Chamber of Commerce were installed at the annual banquet. C. E. Wisener became president with Malcolm Coombes as vice president, Winfred Riles as secretary treasurer, and Bob Cole as chaplain. New directors installed were Pete Pouthit, Joe Trujillo, and Steve Carr. Jim Meadows of Jal served as installing officer with guest speaker J. F. McAdam.
The Texas Railroad Commission said nominations for the purchase of crude oil total 2,666,607 barrels daily, an increase of 4,318 barrels daily over March. The U.S. Bureau of Mines forecasts April demand for Texas crude at 2,815,000 barrels daily, down 20,000 from March. Palermo Sicilian police will get more powers.
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