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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Apr 26, 1950
Page
12
Market remains moderately active with all classes steady. Beef cows, calves, yearlings and stockers show wide price ranges. steers and heifers vary by weight, with buyers steady in demand across the region.
New York April 25 AP A rising market stalled as gains and losses were even at the close in the slowest session in three weeks. Aircraft and radio television issues sparked buying early but profit taking trimmed gains. Turnover fell below 2 million shares for the first time in 13 sessions. the Associated Press average rose 1 point to 75.7 as utilities led a late rebound.
Irregular trading in cotton futures Tuesday with May notices at New York prompting some selling. Prices rose about 40 cents a bale intraday before closing near 75 cents higher, supported by short covering and late buying from mills and exporters despite weather woes and stalled notices.
In Chicago on April 25, soybeans rallied with May at 2.99 to set a new peak since 1948 as deliveries surged. grain futures across wheat corn oats and rye followed with mixed gains and losses. Export buying rumors surfaced with about 250 000 bushels reportedly sold for export to Canada while soybean meal prices rose about 10 per ton though no sales were confirmed.
A turbo-jet locomotive in Swindon region tests reveal it blows air under platforms at 90 mph, knocking hats and scattering soot as it sweeps station chimneys clean. Attendants note open doors let air shoot up and spread soot, earning the nickname swoosh express.
Promotions of J Adonle Parker to major Ted Read to captain and Raymond A Richards to first lieutenant were announced by Adjutant General K L Berry. Resignations and temporary demotions accompanied changes with several officers reassigned in the Texas State Guard Reserve Corps Austin.
The Sand Point Naval Air Station in Seattle is to close and its functions moved to San Diego California. Defense Secretary Johnson told Representative Mack that the change will save 2 291 000 dollars annually.
St Louis ad executive Mrs Marjorie Wilton told shoe makers that shorter skirts boost demand by drawing attention to the legs. Her remarks came during the fourth annual St Louis fall shoe showing which wrapped up Tuesday.
A backstage dispute at the musical Texas Li'l Darlin' drew Mickey Rooney and Fred Wayne into a confrontation on April 25 in New York. Mary Hatcher tried to greet Rooney from the footlights, prompting Wayne to complain that her ad libbing disrupted his performance. Rooney, flanked by Charles Bianco, defended himself as an argument and possible fisticuffs ensued.
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