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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Mar 15, 1968
Page
9
Chicago Board of Trade futures advanced early on gold buying abroad and rumors of U S action to stabilize the financial system. Wheat led gains near 1 1 4 to 3 cents, corn up about 1 4 to 3 4 cents, oats steady to 1 cent higher, rye up to 14 cents, and soybeans up 4 4 to 5 4 cents by close as reports of a government announcement spread.
At Chicago stockyards on Thursday, butcher hog prices slipped up to 30 cents per hundredweight as receipts totaled 4 300 head with 13 000 head on shipments. Mixed 190 to 240 pound hogs sold around 19.50 to 20.00, while 220 head at 240 pounds brought 20 30, and other lots moved 18 75 to 20 30. Cattle receipts were light at 400 head with limited slaughter steers and heifers. some cows sold near 19.75 and bulls at 20.50 to 24.00. Sheep arrivals were about 100 with steady to firm prices for slaughter lambs, and a few light lambs sold at 27 to 27.50.
Cotton No 2 futures closed largely unchanged to down several cents as nervous markets weighed world monetary tensions and a government planting report due Friday. May and July contracts eased while mid price for spot middling cotton held at 31.44 cents. Trade sources cited hedging and profit taking contributing to the downturn.
The Defense Department issues a directive to replace military kitchen duty with civilian staff to free troops for military tasks and improve food service quality. Exceptions apply in combat areas. some punishments may still assign KP. Hiring civilians or contracting will cover cooks, bakers, butchers, attendants, and food-supply roles.
The Senate Finance Committee approved a four billion extension of excise taxes on tires and telephone bills but rejected adding an income tax surcharge proposed by Johnson. It backed amendments to repeal the personal dependency freeze on Aid to Families with Dependent Children and to liberalize AFDC payments for unemployed fathers. The move ties to civil disorder concerns and would affect federal state welfare programs serving about 9 million people.
Two senior ROTC cadets at Tech Baumgardner and Westbrook received Reserve commissions based on academic standing cadet record and summer camp performance Baumgardner an electrical engineering major from Plainview is the son of a professor Westbrook a math major from Lubbock is the son of a chief master sergeant stationed at Reese Air Force Base Also mentions Turkey storm toll rising to 300 with isolation and flooding in villages.
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