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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Mar 22, 1964
Page
11
New York reports first weekly loss in seven weeks as indices slip and volumes stay light. Dow Jones Industrial Average ends down after profit taking and weak Friday close, while corporate bonds retreat to two year lows and government issues fall in value.
A tanker ran aground overnight in the Houston Ship Channel near Lynchburg Ferry. The vessel Dyer blocked traffic for hours and the ferry, undergoing repairs, had halted service.
Chicago AP reports a generally downward week in grain futures with soybeans touching season lows while wheat, rye slip. Government planting intentions show bear tone with liquidation led by soybeans as May contracts ease across the board.
Senator Javits urged President Johnson to appoint Sargent Shriver as full time head of a new Office of Economic Opportunity to run the poverty war. He warned the fight must not be a part time job and suggested shifting the Peace Corps to a separate directorate to focus on poverty.
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