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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Oct 01, 1950
Page
18
In a presidential-era economic column, Harry C. France argues Uncle Sam’s debt and corporate bonds yield poor returns while high quality common stocks offer better growth. He cites inflation, rising taxes, and a deteriorating dollar as reasons to favor equities over debt.
HELENA Mont Sept 30 A fishery crew using an electrical shocking device in Little Prickly Pear Creek stunned fish for tagging when a beaver swam between the electrodes. The beaver leaped twice and sank but was hauled to shore and recovered in 45 minutes then returned to work cutting wood.
New York reports weak cotton futures with hedging against new crop movement and slack demand pressuring prices. September parity rises to 31.56 cents but futures close 50 cents to 1.90 dollars per bale lower. New Orleans quotes show heavy liquidation and profit taking amid war news, with middling spot around 40.03 cents per pound.
In Columbia Park Butte a 45 pound eager beaver moved into a stream between the roller coaster and the merry go round. Ted Beach the gardens superintendent called in game wardens who trapped the creature and removed it from the area.
Chicago grain markets gained steam with corn leading the rally on expectations of higher 1950 loan rates and frost damage in northern areas. Wheat and oats rose as rumors of a Canadian revaluation boosted imports, with soybeans and rye also advancing. Fort Worth reports show mixed hard wheat and white corn and oats prices ahead of weekend activity.
Charlie Monroe Dunnem aged 24 of Lubbock wed June Kathleen Drum 20 of Kellerville Texas. Court actions include James G Denton presiding over Southwestern Electric Supply against Fitzgerald Electric in debt. Divorces granted Minnie Ross Earnest Ross Gussie Evans Louis Evans Rasco William Taylor Rasco. Annulment granted Marjorie Stewart Frank Stewart. Building permits for Daisy Cole to build a frame residence at 1709 Twenty Seventh on concrete foundations valued at 5000. Historical note mentions ninth century catechisms per Britannica.
Receipts show overall decline with light stocker cattle hardest hit and bulls down 1.50 to 3.90. Fat butcher cattle remain in demand though prices dropped. dairy and stocker classes show varied losses. Kansas City and Fort Worth markets report softer levels for steers, cows, and calves with hogs and lambs adjusting differently.
Funeral services are set for 11 30 a m today in Austin for Mrs J S Minyard who died Wednesday in Galveston. Mr and Mrs Gene Walden and Mr and Mrs Grady Pruitt will attend, with a brother Mark W Pruitt unable to attend.
Citizens of Wolfforth vote at Wolfforth High School on incorporation. The proposition carried 49 to 2, with officials planning to proceed after talks with county authorities. M. E. Casey served as election judge.
Final rites for R. P. Harper of Slaten will be held at 2 p.m. today in the chapel of Rix Funeral Home. Rev. Floyd Dawson of First Foursquare Church will officiate and burial will be in City of Lubbock Cemetery with Rix in charge. Harper died early Friday in Mercy Hospital at Slaton.
The five Rhodes scholarships allotted to Germany were cancelled in 1916 amid wartime measures. This action followed global tensions and affected German scholars awaiting selection, reflecting disruption of international academic exchanges during World War I.
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