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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Oct 21, 1960
Page
7
U S output dips with a $2 billion drop in the annual rate, while private investment remains near $709 billion for the July-September quarter. Government purchases rise to $100.5 billion, and savings grow by $29 billion, offsetting a weaker consumer outlay.
Estimates by the President's Council of Economic Advisers show GNP rising at an annual rate of 50 billion in the third quarter, up from 0.5 billion in the prior quarter, with the economy about 21.6 billion ahead of the year-ago pace despite a 6.5 billion dip tied to the steel strike. Personal pay rose to 2.0 billion. farm income 38.1 billion gross, 11.9 billion net. corporate dividends 1.0 billion.
The Army Announces a 40 millimeter M 79 grenade launcher that weighs six pounds and can fire around corners. It will be issued to troops early next year to reach beyond hand grenades and reach mortars, with a 28.6 inch length and a 430 yard range produced at the Springfield armory in Massachusetts.
England shows W place settings in china with rows including Appledore Lichfield Florentine Strawberry Hill and Wedgwood tones. The display highlights patterns in white sage green and related colors available as gift articles or useful items.
An advertisement highlights hand embroidered pure linen pillow cases at 10.95 and other linen items from 4.95. It promotes all linen place mat sets with luncheon sets 72 126 inches and napkins at 119.00, with options in round oblong or customized hemstitched pure linen products from a charming themed catalog.
Two of Britain's best loved heavy white turkeys face market changes as Walter Gower considers retirement. Railways may influence production, with shifts toward fryer roasters or heavier weights as diesels threaten rail service.
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