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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 23, 1971
Page
11
A reader reports mixed investment results across Funds A and B, with Fund A near break even and Fund B down about $1,000, plus a string of financial mishaps. The letter discusses bearer Treasury notes stolen on a Sunday, lost interest on bonds, and advice about possible bankruptcy outcomes and reallocating savings.
An explainer on how a two for one stock split affects preferred shares. It notes that preferred stock is not split, remains fixed in value, and discusses dividend implications. It mentions convertible preferred and how conversion terms can change with splits, giving a hypothetical example with par values and exchange terms.
Readable fragments mention a stock pulse or market cue dated 19914 during a Monday. No clear entities, actions, or outcomes present to confirm a concrete event or figure.
A Corpus Christi museum is proposed as the home for sunken treasure from a galleon sunk off Texas. Lawmakers questioned permanent designation to a single museum, debating custody between the University of Texas and Southern Methodist University and potential museum storage in Corpus Christi.
UPI reports 98S data from San Paut State showing 142,893 manufacturing workers, about half of Brazil’s manufacturing employment. The sector accounts for 34 percent of the country’s reported rapes, highlighting stark social issues alongside industrial strength.
New York stocks opened down as GM surrendered early gains and led autos lower. Chrysler rose 14 to 267 5, while Monsanto fell about 1 percent to 374.4 amid chemical concerns. Standard Oil of New Jersey weakened, Pennzoil slid, and the steel group slumped with U S Steel at 31.5. Bethlehem and Armco declined, Penn Central unchanged at 6.94, and UAL and Eastern slipped to 29.5 and 19. Lockheed softened to 104 as electronics and other sectors moved.
A milestone at Kelly Air Force Base marks the first overhaul and test of the TF39 engine used on the CF Galaxy aircraft. The TF39, the Air Force’s largest engine at 7,259 pounds, seven feet 11 inches wide, generated 10,000 pounds of thrust and met all technical and performance specs during testing at San Antonio Mpathied Area shops.
A San Antonio woman told the Texas State Insurance Board that the state is working hand in glove with insurers against motorists as hearings opened on a 15 percent average increase. Mrs Nell Herrin urged replacing the current rate system with a no fault plan while noting insurance money flows to politicians. Several hundred attendees reacted as she spoke.
Wayland A. Simmons of San Antonio discusses a bill to exempt National Guard members with two years of prior service from monthly meetings and drills, while keeping others in inactive status if legislation passes. He argues it would provide job opportunities for young men while they assist the Guard, though he notes no strong need to upgrade guard quality.
The report compiles irregular livestock market data from Oklahoma Texas and Kansas with cattle prices and auctions. It lists weights ranges bids and product codes across multiple stock categories including cows bulls steers heifers and sows. Prices appear fluctuating with units and farm names like Fort Worth Livestock and Watsons City cited among others.
Novato California police issued an all points bulletin linked to a San Quentin escapee in a missing persons case. Joyce Elaine Stansfield, two children, and a family friend were last seen leaving a party with Harvey, a prison escapee described as barefoot and in jeans.
Michael Claypool, convicted last September of accepting a bribe, received a five year suspended sentence with supervision after Tuesday’s appearance. He was acquitted on a second conspiracy charge related to contracts for turbojet engines with the Kelly division where he worked. The sentence followed a Monday appearance in a federal court, with potential fines and prison time previously discussed. Police and defense representatives noted the offense carried a high price.
An east side man, 19 or 20, surrendered to Los Angeles Police in connection with the fatal shooting of 24 year old Jack Mabel Kueh outside the Wey Mabel Lounge on Saturday. District attorney said the suspect claimed self defense fearing for his life.
Reading through garbled OCR text, the piece notes the shipping season in the Great Lakes. It mentions Sault Ste. Marie Michigan, UPH, locks, Lake Superior, and references to shipping through the locks as notably large. Names and dates are unclear due to transcription errors.
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