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Austin American in Austin, Texas

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This newspaper page contains 18 articles. Subscribers can read the full text of each article.

Newspaper

Austin American

Location

Austin, Texas, United States of America

Date

Aug 03, 1949

Page

2

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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