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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Apr 07, 1949
Page
14
The San Antonio livestock market reported strong sales with cattle and calves active. Steers 750-900 pounds brought 22 to 23.50, yearlings 24 to 25.50, cows 17 to 19, and lambs 29.50 to 31 for some loads. Chicago and Kansas City markets also noted varied cattle, hog, and grain quotes with demand mixed.
Traders mulled earnings and dividend news as several utilities and industrials fell while gains were logged by National Distillers and allied firms. US Steel, GM, Chrysler and others eased amid mixed forecasts. Republic Pictures advanced while Kaiser-Frazer and Humble Oil lost ground. Foreign exchange also showed modest shifts with sterling off and Canadian rates steady.
In New Orleans on April 6 the average middling cotton for 15-16 inch was 32.75 cents per pound, down 10 cents per bale from the prior day with a 32.54 cent average over 130 market days. Wool futures in New York were steady as traders anticipated strong top demand and Boston dealers reported firm prices for fine wools.
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