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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
May 15, 1971
Page
28
Prices for No 2 cotton futures rose as investors hedged against crop shortfalls from the Western belt. Despite early losses, delayed rain and strong demand pushed most deliveries higher while July 1971 months stayed active and nearby positions liquidated. Spot cotton firmed with the mid may benchmark around 26.42 cents per pound.
Chicago and Fort Worth notes show speculative buying lifting May corn by over 3 cents and wheat up briefly before fading. Soybeans held an upward drift through week’s end, oats modestly higher, with May prices near intraday highs but closing mixed.
Secretary of Agriculture Clifford Hardin urged farmers in the Southwest drought zones to contact local Farmers Home Administration and Agricultural Stabilization and Conservation Service offices for emergency aid. He noted many farmers are unaware of programs and assured help under the law, with direct lines to Washington if local response is slow.
Duane Howell reports from Hardin as the Plains farming community seeks urgent aid. Officials promise emergency assistance to farmers facing drought and mounting losses, outlining relief measures and timelines for aid distribution.
Livestock prices at Chicago Stockyards show steady slaughter steers while heifers rise up to 25 cents. Week receipts totaled 13 100, down from 13 600 prior week and 17 000 year ago. Prime steers 1 200-1 425 lb fetch 34.75-35.50. high choice heifers 975-1 050 lb bring 33.50-33.75. OMAHA hogs report notes 6 500 head with mixed gains and losses across weights. High Plains report lists standstill feedlot trade and carlot meat prices for steer and heifer beef.
Flint leaders led by Arthur E. Summerfield announced a cavalcade in support of General Motors at the Detroit stockholders meeting. The group urged corporate reform to boost public responsiveness and denounced what they called abusive censure of the automobile industry.
AP reports the Associated Press wholesale price index for staples in New York shows 1960 level readings with high and weekly shifts. The index stands at 88.23 with week and month declines from 185.84 and 188.08 while 190.44 was year ago.
Doctors N and J R Rad forth from the University of New Brunswick report that Arctic terrain damaged by exploration vehicles has recovered and now shows more abundant plant life than before the damage.
A Senate education subcommittee discusses House bill 380 to coordinate a baccalaureate nursing degree among Northwest Texas Hospital and West Texas State University. Repines Bryan Poff and Ben Bynum of Amarillo introduced the measure, which passed the House recently. The bill would allow hospital facilities for clinical instruction and create a cooperative funding program.
In Vienna the social partnership formula curbs major strikes by guiding wage and price talks through the Paritatische Komission. The wage and price commission advises rather than enforces, while unions hold strong funds and broad membership. Austria shows gradual wage gains and growing union influence in the economy.
Judge Edwin H. Boedeker fined Crystal K. Johnson 21 of Bay town 100 dollars plus costs for carrying a pistol. An appeal was filed. Bonds were set for Argolda Cleveland 33 and L V Cleveland 44 at 600 dollars each for possession of dangerous drugs. In County Court No 2 Judge Denzil Bevers set a 250 dollar bond for George Comeaux 18 for a check law violation.
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