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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Apr 28, 1949
Page
10
About 50 telephone repairmen are working in Fort Worth and West Texas to restore lines damaged by January s ice storm. Ed J. Ernest division manager of Southwestern Bell Telephone Company says work will be completed in about three weeks.
Amarillo photographer Lynn Albert Boykin faced federal charges for forging a 188 844 draft on his father in law Browning Higgs. The scheme involved Bank of America Los Angeles Mercantile National Bank Dallas and a Dallas cattle company. Boykin allegedly posed as his brother in law to cash the fictitious draft then fled toward Oklahoma City with 8200 on hand.
SAN ANTONIO AP reports cattle 800 head calves 700 steady for medium steers and calves while cows and low to average steers drop 50 cents or more. Hogs 300 head steady with close at 18.75 for 180-260 pound butchers. sheep 300 head and goats 900 head steady. Fort Worth and Chicago markets show mixed gains with slaughter steers and yearlings up to 24 dollars and hogs higher to 18.50. Overall, demand remains firm for choice classes across regions.
The Federal Reserve Board reported a continued downturn in March with industrial output at 184 percent of the 1935-39 average, down from 189 in February and 191 in March 1948. Prices for industrial commodities fell across March and April, notably in metal scrap and non-ferrous metals, while factory employment showed a further marked reduction.
The stock market opened with gains led by steels but faded. final prices show a mix of gains and losses with steels up early but closing near morning levels. Volume barely rose with 830,000 shares traded. aircraft stocks fell amid Navy carrier news and policy doubts.
Cotton futures closed irregular with gains and losses across the board as exports to China weigh on old crop deliveries. May trading active amid shifting to deferred months while stocks and commodities traded with mixed results. Foreign exchange rates and wool markets also showed modest moves in New York reports.
Chicago April 27 wheat and corn fell modestly while soybeans and lard advanced. Traders cited heavy profit taking in lard, rain-soaked Western Kansas and Oklahoma softening grain, with soybean gains tied to oil markets and lack of action on oleomargarine reform. Fort Worth reports show steady cash grain demand and varied bids for wheat, corn, and sorghum. Chicago cash grain listings reflect broad price ranges across yellow corn and oats with mixed quality grades.
Galveston spot cotton closed steady with values across grades from good ordinary to strict good middling. Sales totaled 1,320 bales. New Orleans market shows middling at 32.87 cents per pound, down from prior levels, with 30 market-day average near 33.01 cents.
Canberra reports Acting Prime Minister Edward Holloway rejected a claim the government would revisit its ban on US Army Corporal Lorenzo Gamboa. Gamboa, a Filipino who became a US citizen serving in the Army, is barred from joining his Australian wife and two children under the white Australia policy.
In heavy fog 30 miles east of Toledo two people, identified as Mr. and Mrs. Thomas W. Dornan of Bell California by Ottawa County Sheriff Merlin Budd, were killed when their car collided with a truck. Identification papers from the Automobile Club of Southern California listed Bell addresses 4817 Fillmore Street and 4361 East 52nd Street Maywood California.
Secretary of the Interior J. Krug urged industry leaders to find a way to end the deadlock over tideland ownership while stressing any plan must not concede federal ownership. He signaled support for state claims but warned Congress may act to reinforce federal prerogatives.
In the 1930s coin-operated vending lines began expanding as a significant sales outlet in the United States. The boom reflected rising consumer demand and new business models that leveraged automated sales. Exact dates and company names are sparse in the excerpt.
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