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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
May 24, 1968
Page
9
NEW YORK reports a reference meeting of the Labbosh Chamber of referce members held Thursday at the Breakfast Club. Market data from Dow Jones shows mixed stock activity with Industrials down and Utilities up, while the Dow Jones commodity futures index stands at 138.02.
In New York, cotton futures fell Thursday with losses at 30 to 90 cents per bale as rains failed to materialize in the cotton belt. Sections faced too much rain delaying crops and replanting in spots, while one-time losses reached 1.35 a bale before a partial rally on short covering. Mid grade spot lint held at 30.27 cents per pound.
The Koko Palace breakfast meeting sponsored by the chamber and Citi Bank awarded a $250 grand prize. Nelson of W and N Construction joined the chamber. Willard Paine, Citi Bank president, spoke with Horton Shipley. Peggy Kincannon sang. Nelson shared the prize with a Texas Tech student.
Cattle and sheep sales show varied demand with tops around 31.00 for lambs and 21.00 for feeder calves. Slaughter cattle and hogs display steady to weaker trends amid uneven receipts, while Slim Pickens lands a key film role in Skidoo alongside Gleason and Channing.
Chicago soybeans rise modestly on firmness in meal and short covering, while wheat rallies after rain-dampened outlook for winter crop. Corn stays mostly flat, oats advance over 2 cents, and rye edges higher as traders weigh oil stocks and weather in Kansas and elsewhere.
The machinists union criticizes Walter Reuther's leadership amid a split sparked by rival Area President Jorge Meany’s dues refusal. An editorials blames Reuther for causing factional tensions and asserts splinter groups hurt labor unity despite long effort to protect no raid pacts with other unions.
AP reports Texas classroom Teachers Association president-elect says the state board will consider June 7 placing South San Antonio School District on sanctions alert over alleged arbitrary use of contracts by two principals. TCTA claims 49 000 members and cites board actions.
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