Stock Market Edges Higher As Yearly Peaks Hit
Forty four stocks rose to year best prices while five touched 1949 lows. Major gains included US Rubber Sears Roebuck Consolidated Natural Gas Kennecott Copper and General Electric. GM slipped on dividend disappointment and Bethlehem Steel fell as others posted gains in corporate bonds and government issues.
MENTIONED IN THIS ARTICLE
Durat
General Motors
Speerentry
Chrysler
Studebaker
Ith & Southern
Tweed
Steel
Beth
Lehem
Republic
Youngstown Sheet
Sears Roebuck
Consolidated Natural Gas
Kennecott Copper
American Smelting
Phelps Dodge
General Electric
Dow Chemical
Allied Chemical
American Tobacco
Standard Oil (Nj
Pacific Western Oil
Humble
Lone Star Gas
National Gas
Cities Service
American
Subsidy Margins Shake Wheat While Corn Holds
Wheat futures slid while corn held steady amid mixed demand and rain for corn belt crops. Subsidy rate announcements and lack of immediate trading impact weighed on wheat. oats firm from cash buying. Fort Worth and Kansas City grain quotes show varied prices across teams and regions.
MENTIONED IN THIS ARTICLE
Chicago
Aus
Gulf
Peru
Spain
Fort Worth
Texas Gulf Ports
Ist
Love Wrangle Ends With Nose Biting in London
In London, Mah mud Ali, a 30 year old tailor, is detained by Old Street court after allegedly biting off rival Abdul Matlib’s nose in a love quarrel. Ali faces a charge of inflicting grievous bodily harm with a hearing set for Aug. 23. Matlib, 28, could not attend. doctors are fitting him with a plastic nose.
MENTIONED IN THIS ARTICLE
London
Mahmud Ali
Old Street Court
Abdul Matlib
Ali
Conscientious Cop Tickets Colleagues Under New Rules
Orange August scene shows Patrolman Ellis Landry issuing white courtesy tickets under a strict traffic code. Two fellow officers in a patrol car receive warnings as bystanders and a reporter observe the spectacle. Landry previously drew attention by giving a red ticket to a hitchhiking driver last year.
MENTIONED IN THIS ARTICLE
Orange
Ellis Landry
Landry
Attlee Heads British Government From Sick Bed
Prime Minister Attlee, 66, will direct Britain’s government from his sick bed for another week. He oversees financial and foreign policy while Chancellor Cripps and Foreign Secretary Bevin recover at European resorts from illnesses. Attlee’s spokesman says treatment is satisfactory and he is not seriously ill.
MENTIONED IN THIS ARTICLE
London
Attlee
Britain
Stafford Cripps
Ernest Bevin
Radioactive Brush Produces Warning
UCLA atomic energy project warns that a recently marketed static eliminator brush using polonium strips poses a radiation risk at home. A survey of Los Angeles area plants found dangerous radioactivity where devices were stored and employees remained contaminated after washing.
MENTIONED IN THIS ARTICLE
Los Angeles
UCLA
Atomic Energy Project
Alleged Leader of Big Counterfeit Gang Held
New York August 2 Secret Service agents arrested Michael Maione a 38 year old New Yorker reputed head of a counterfeit gang accused of flooding the East Coast with over a million dollars in 10 and 20 bills. He was detained in fifty thousand dollar bail before the grand jury. Assistant US Attorney Roy M Cohn said the arrest delivers a crushing blow to counterfeit operations nationwide.
MENTIONED IN THIS ARTICLE
New York
Secret Service
Edward W. McDonald
Michael Maione
Roy M. Cohn
Maione
Faith in Locks Fades at Jim's Liquors
Chicago August 2 James Nicholson 48 owner of Jim's Liquors says he no longer trusts locks after burglars forced every lock. Thieves stole 130 dollars and 40 cases of whiskey valued at 2000 dollars. Nicholson plans to order a burglar alarm.
MENTIONED IN THIS ARTICLE
Chicago
James Nicholson
Jim's Liquors
Nicholson
Labor clash shuts Mathieson Pasadena fertilizer plant
The Mathieson Chemical Corporation Pasadena fertilizer plant halted operations at 2 a m Tuesday after graveyard shift workers quit to air grievances. About 250 of 350 employees are involved in the dispute with Oil Workers International Union Local 227, with similar refinery strikes in the area.
MENTIONED IN THIS ARTICLE
Houston
Mathieson Chemical Corporation
Pasadena
A. T. Bennett
Crown Central Petroleum Corporation
Crown Central
National Labor Relations Board
Bennett
Oil Workers International Union
Irregular Cotton Futures Hit Slow Trading Day
New York August 2 AP Cotton futures closed uneven as a slow trading day drew liquidation and hedging for 1949 deliveries while distant months saw light covering. Final prices ranged 40 cents a bale lower to 20 cents higher, with weather, hedging, and government forecasts shaping the session.
MENTIONED IN THIS ARTICLE
New York
Justice Murphy Left Bare Balance in Cash
The late Justice Frank Murphy left an estate of 2100 dollars with 1600 due the Washington hotel where he lived. Papers filed in a District of Columbia court disclose the small estate after his July 19 Detroit death without a will. Survivors include brother George sister Marguerite Murphy Teahan and niece Sharon Murphy, all in Michigan.
MENTIONED IN THIS ARTICLE
Justice Murphy
Washington
Frank Murphy
Washington Hotel
George Murphy
Murphy
Michigan
Detroit
George
Marguerite Murphy Teahan
Sharon Murphy
Water Pistol Ban Sought by Legion Convention
American Legion convention visitors may need to abandon water pistols during the 1949 national session in Philadelphia. Municipal Judge Vincent A. Carroll, director of the event, asked city council to ban water pistols and other prank toys at the gathering scheduled Aug 29 to Sept 3.
MENTIONED IN THIS ARTICLE
Philadelphia
American Legion
Vincent A. Carroll
Cattle and Calves Prices Steady at Bexar and Fort Worth Markets
The Bexar and Fort Worth stockyards report steady to slightly higher bids on cattle and calves August 2. Cattle volume around 1,600 at Bexar and 3,400 at Fort Worth with slaughter calves active. Prices show mixed movements across grades with steers, cows, bulls, and stockers listed, including calves at 18 to 24 and steers 16 to 22 per hundredweight. hogs and sheep also noted with steady to modest gains.
MENTIONED IN THIS ARTICLE
San Antonio
Shelly
Wasty
FO Worth
Port Worth
SureAee
USDA
Salana Ae
Congress Plans Birthday Greeting for Hoover
Senator H Alexander Smith of New Jersey and Representative Herter of Massachusetts proposed that Congress issue an official happy birthday greeting to former President Herbert Hoover on August 10 when he turns 75. The resolution would extend cordial greetings and express admiration and gratitude for his public service.
MENTIONED IN THIS ARTICLE
Washington
Congress
Herbert Hoover
H. Alexander Smith
R-Nj
Herter
R-Mass
Hoover
Rape Case Suspect Arrested in Houston
An 18-year-old Houston youth detained on a drunkenness charge Monday night was identified by police as one of six boys sought in the rape of a 14-year-old girl last week. Three other young men had been identified earlier.
MENTIONED IN THIS ARTICLE
Houston
Two San Antonio Firms Authorized to Carry Air Freight
The Civil Aeronautics Board approved five year franchises for Slick Airways and Airnews Incorporated of San Antonio to carry air freight only. Slick plans transcontinental service. Airnews will serve local Texas routes. Agencies argued the move could affect carrier subsidy needs and disrupt existing mail and freight schedules.
MENTIONED IN THIS ARTICLE
Washington
Civil Aeronautics Board
Texas Airlines
Slick Airways, Incorporated
Airnews, Incorporated
San Antonio
Slick
Airnews
Express Publishing Company
Texas
French Bandits Loot Van Cleef and Arpels in Deauville
Four masked bandits raided the Van Cleef and Arpels store in Deauville wounding two people with submachine gun fire. They escaped in two cars with 600000 dollars in jewels, the incident occurring near the Normandy Hotel where Rita Hayworth and Prince Aly Khan are reportedly staying.
MENTIONED IN THIS ARTICLE
Deauville
France
Swank van Cleef and
Arpels
Rita Hayworth
Prince Aly Khan
Normandy Hotel
Amazing Roach Killer Drives Roaches From Hiding
A remarkable roach killer drives roaches from hiding places and kills quickly when sprayed directly. It leaves a visible film that, if not removed, continues to kill newly hatched roaches and others for weeks and even months.
Also Mentioned on This Page
Ee Veen
Seeens
Archeon
Fi Bethie Avco S
Ganiff Aire Me
Rysier Corp .S
Est Motors
Curtiss Wright
Motors
As Rich
Southern Pacific
Woolworth
Ark
Penn RR
St. Louis
Tex Corp Western Union
Roamen Exchange
Great Britain
Latin America
Argentina
Brazil
Mexico
Kansas City
Love Wrangle
Swain
Fringe
Big Counterfeit
Chicren
Austin Orthopedic Appliance Company
Sig West
Sternenberg Lumber Co
Austin Savings
ECA
Greece
Orleans
New Orleans
Vesday
Galveston
Ouston
Savannah
Charleston
Interior Movement
Memphis
Agusta
Colum
Bia Court
Bexar Mart
Garnett
Lewis
L Dyers
Texas State Optical
New
San Antonio Air Lines
Gulfspray
Roach
Ant
Grey Army Twill
Austin Army & Navy
Post Office
Willie
Ocure CO
San Jacinto