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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Mar 20, 1960
Page
15
The week saw a mixed pattern with Monday a slight rise and Tuesday a bold gain of 5.39 driven by optimistic first quarter earnings and oil-led leadership. Wednesday marked a fourth straight advance, Thursday dipped on low volume, and Friday capped with a 1.33 Industrials gain. The week ended with a 10.59 advance and a 17.94 weekly range. Analysis by Charles E. Carden for the Avalanche-Journal
The Texas Municipal League reports 21 cities with more than 10 000 residents doubled their populations during the 1950s. Texas now has nearly 70 percent of residents living in the 115 municipalities above ten thousand. Cities listed include Dallas El Paso Lubbock Odessa Pasadena Midland Arlington Irving Victoria Garland Grand Prairie Killeen Mesquite Haltom City Bellaire Weslaco Brownfield Richardson Farmers Branch Andrews Lake Jackson.
Texas Tech holds the annual All-College Recognition Service at 3 PM in the Lubbock Municipal Auditorium. Ten seniors on the honor roll, plus high achieving students from Arts and Sciences, Engineering, Home Economics and Agriculture receive College Honors, with speakers, music, and campus leaders presenting awards for scholarships leadership and athletic recognition.
US hog cattle and sheep markets summarize weekly receipts and price ranges from Chicago Fort Worth Kansas City reports. Hogs rise for barrows and gilts while sows gain, cattle show mixed to higher trends with prime steers strong. sheep show limited activity with higher slaughter lambs and rising ewe values. regional notes include the Hufstedler anniversary and a Dallas dealer event.
The Department of Agriculture forecast Texas will plant about 4 percent fewer corn and sorghums than last year with corn 1,485,000 acres at 96 percent of 1949, rice 421,000 at 100 percent, sorghums 8,224,000 at 96 percent, and oats 2,165,000 at 97 percent. It noted it is too early to predict production as plans may change before planting.
The Texas Department of Agriculture reports unsettled and weaker broiler markets early in the week with East and South Texas later stabilizing. Demand for dressed birds remains slow, but by Friday both regions were steady with adequate offerings and mostly fair demand for live birds amid moderate trading.
Robert N. Bennyhoff was named Southwestern Division manager of United Press International in New York. He succeeds Edward L. Brant who moves to New York as commercial manager. Bennyhoff, from Oroville California, had been assistant division manager in Dallas since February 1 after three years as a business representative in Los Angeles.
The Women in Construction group at the Lubbock Women’s Club approved a committee report on by-laws during a Tuesday session led by President Jean Walden. Jo Hancock led the by-laws committee. The group marked its second anniversary and launched a new membership drive under June Johnson and team captains June Johnson Doralice Heatley Bertha Mae Mackey Susie Daniel Jo Hagen. The organization now counts 42 members.
The stock market rose for the first time in three weeks with light trading and a calmer mood. The Dow advanced 10.59 to 616.42 and the AP average climbed 2.40 to 213.40 as bond prices strengthened and short term rates eased amid thin volume and hopes for a spring rally.
A Hiawatha Estes design promotes a center hall layout with practical storage, single bath, and efficient plumbing. The plan highlights a spacious kitchen, dining living area, patio access, and exterior warmth. Complete drawings cost 7.50 for the first set and 5 for additional sets, available for four months. Contact IP Box 404-J Northridge Calif.
R. B. Walden begins building a service station at 601 North Amarillo Highway with an estimated cost of 26,1500 dollars.
In Chicago, old crop wheat and new crop oats held a bullish trend last week while the broader market turned bearish. March wheat advanced overall by more than three cents a bushel, new crop oats rose, and rye fell to season lows amid selling.
Dale Webb son of Dr and Mrs Joe Webb of Plainview won this year's LaVerne Roach Award, given in memory of the late Plainview boxer. Webb is noted as a football and basketball star as assembly honors were announced.
Ed Louthan and G C Dowell, operators of Louthan Dowell Trucks Inc of Lubbock, attended an annual Dodge truck conference in Chicago last week.
Six members of the 413th Civil Affairs Company join the New Mexico West Texas Sector pistol marksmanship competition in Los Alamos. Lubbock area officers Capt. Edgar Brannan Capt. Alan Johnson Capt. Granvil McIlroy Lt. Howard Warner and Lt. Homer Carter of Anton and Lt. Victor Herring of Aiken compete. Matches fire .22 .38 and .45 pistols at the Atomic Energy Commission security branch range under Lt. Col. Joel B. White of Albuquerque as match director.
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