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Newspaper
Port Lavaca Wave
Location
Port Lavaca, Texas, United States of America
Date
Dec 12, 1975
Page
4
CIA Director William Colby told the House intelligence committee that U S intelligence must not be dismantled as defenses were in the 1920s. He defended the CIA against being a scapegoat and warned against underestimating threats while criticizing attacks on intelligence forecasts.
The Agriculture Department reports 1975-76 cotton exports expected at 3.0 to 3.5 million bales, down 500000 from November forecast, with last season at 39 million. Weak foreign demand and noncompetitive U.S. prices limit shipments while domestic use rises. 1975 crop seen at 5 million bales, 27% below 1974, total supply 142 million, smallest since 1923, carryover 57 million on Aug 1.
Washington AP reports former Dallas FBI chief J Gordon Shanklin cannot recall seeing a threatening letter allegedly delivered by Lee Harvey Oswald. The letter reportedly warned to blow up the Dallas Police Department or FBI if not stopped talking to Oswald’s wife. Nanny Fenner, a Dallas receptionist, testified she saw the note. Shanklin said he would have remembered such a note if shown. The House Judiciary subcommittee probes whether the FBI withheld evidence from the Warren Commission.
The Fourth Court of Civil Appeals ruled Judge O P Carrillo lacked authority to set the Benavides school board makeup. The decision halts Carrillo’s injunctions and clarifies that his dismissal of several trustees was proper only as they had resigned, leaving a chaotic board struggle between Parr and Carrillo factions in Duval County.
Port Lavace Wave Estadianed 1690 and Calhoun County Times published each afternoon except Christmas Day Monday through Friday by Wave Publishing Co Inc Port Lavace Texas 3015 Colorado Port Lavace Tenas 77979 telephone 529768 Rod Mouse general manager Jim B Mitchell Easter The Associated Press is intended exclusively for republication of all the local sens orated in This newspaper AP news dispatches Second class postage paid at Port Lavaca Texas and Victoria Texas delivered by carrier one month 1 year mail rates and advance options noted
Austin AP Luther Jones D El Paso sues Gov Briscoe to halt a 250000 recodification contract tied to a 5 million school finance measure. Named defendants include Bob Johnson and John Poerner citing improper use of funds and questions of necessity. Jones lambasts Briscoe’s reform as harmful to homeowners and small business.
AP roundup notes Abel Tasman’s 1642 NZ discovery Ludwig van Beethoven’s first lesson in 1782 and Spain’s 1804 war declaration Tokyo evacuation 1945 and Kenya’s 1963 independence cited. Gemini 6 halt power delays Britain emergency 1965 and Latin America arms pact 1975 referenced. Sinatra birthday, Emerson quote, Franklin note included. Reagan poll commentary, GOP race outlook.
A sheriff's deputy on routine patrol found Cross Roads Tavern on Corpus Christ Highway south of Port Lavaca with all coin-operated machines looted and the door broken. A warm-hooded car parked outside was towed after sheriff's office action.
New York trading saw a gradual decline as investors fretted over possible higher interest rates. The Dow fell 4.01 to 828.72 with more losers than gainers on the NYSE, after the Fed reported a record rise in the money supply. The NYSE composite dropped to 4612 while Amex edged up, and Avon Products moved on a large block trade after suspending a diversification plan.
Gulf On Corp plans a multimillion-dollar expansion of its petroleum gas import terminal near Houston to eightfold increase its output, raising daily production to 240,000 barrels of propane and butane.
John Young of Austin has become the new Oshman's manager at Viking Mall in Port Lavaca. He relocates with his wife Penny and expects their first child in June. Young, raised across the United States by a military family, cites Port Lavaca’s friendly people and local hunting, fishing, and tennis opportunities as appealing.
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