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Austin American in Austin, Texas

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Austin American

Location

Austin, Texas, United States of America

Date

Aug 04, 1950

Page

2

US reverses Formosa policy backing Nationalists

The State Department issued a restricted memorandum pledging support to the Nationalist government in China and opposing a United Nations supervised plebiscite in Communist China. The memo repudiates a December note that Formosa was written off, signaling a policy reversal with Formosa as the remaining Nationalist holdout.

Taipei Formosa US State Department China State Department United States Government of Department United Nations Security Council

City Approves Remodeling for Safeway Store Project

The city approved air conditioning and remodeling plans for the Safeway Store at 303 East 19th Street. A construction permit from the city building inspector’s office estimates the work cost at 20,000 dollars.

Safeway East 19Th Street

Stock Demands Center on Auto and Aircraft Issues

A brisk afternoon rally drew strength from auto and aircraft shares with a broader lift in industrials, while war policy nerves kept traders cautious. Volume totaled 1,450,000 and the Dow averaged near 78.1, with 521 advances and 332 declines amid a narrow market and mixed New Highs and Bottoms.

Mothballs Cleared Off 46 More Cargo Ships

The Maritime Administration announced 46 more cargo ships will be withdrawn from mothball fleets to meet military needs. This raises reactivated ships to 123, including 12 troop transports. The batch includes 45 Victory ships and one C-54 vessel to MSTS, with 40 Victories to be operated by private companies for MSTS.

Washington Maritime Administration Military Sea Transport Service MSTS

Grain Volume Falls as Uncertainty Over Controls Grows

Chicago reports limited price moves as market trades on uncertain wage and price control legislation. Wheat, corn, oats, rye, soybeans, and lard show small changes amid speculative expectations. new crop corn remains firmer than September. Fort Worth and Kansas City grain quotes indicate mixed, mostly steady to slightly lower prices under government index and ceiling doubts.

Chicago Congress House Kansas Grain City

Cattle Receipts Meager at San Antonio and Fort Worth

AP dispatches report sparse cattle receipts in San Antonio and Fort Worth on Aug 3 with weak slaughter classes. Prices for cows, bulls, and calves vary by weight and class, hogs and sheep also showing mixed movement as markets slow.

San Antonio

Blanco Hires 2 More Teachers For School System

Blanco Public Schools will add two new teachers. Rex Fox, former Harper coach, becomes coach principal. Mrs. Lillie Rollins from Kendalia will teach third grade. A second grade vacancy remains. Two classrooms and an agriculture shop planned for 1930-51 term. gymnasium construction to start after.

Blanco ANS Ned J. Hellums Blanco Public Schools Rex Fox Harper Lillie Rollins Kendalia Fox Texas A&m Rollins Texas University Hellums

Gasoline Bomb Designer Found Guilty in Plane Attempt

John Henry Grant, 32, an aeronautical engineer, was convicted by a Santa Monica Superior Court jury on six counts of attempted murder for placing a gasoline bomb in his wife and two children luggage aboard a San Diego bound United Airlines flight on April 17. The verdict came after 40 minutes of deliberation. sentencing set for September 5 with probation appeal possible.

Santa Monica Calif John Henry Grant Betty Marie Bobby United Airlines Grant Davis Stanton Orlando H. Rhodes William H. Hall

Cotton Futures Slide For Fourth Consecutive Day In New York Market

The cotton futures market declined for a fourth straight day with final prices down 95 cents to 1.35 a bale in New York. Some early buying from textile mills and export hopes faded amid hedge pressure and CCC sales, as Texas movement and lack of follow through dampened gains. Spot sales across southern markets remained heavy, while New Orleans prices opened higher and then drifted lower after hedge selling. Port movement data show varied activity across major ports including New Orleans, Galveston, Houston, Savannah, and New York.

New York Texas CCC Patures Ees Debe Gies Ces New Orleans Peles Brocks Galveston Houston Savannah Charleston Boston

Cotton and wool spot prices slip and rise across markets

Galveston spot cotton closes steady to lower across grades while New Orleans spot falls by a dollar per bale. New York wool markets surge on strong world demand with wool tops and futures up, listing multiple contract prices and certificated spot figures.

New York

Japan Cyclists Hit Postwar High In 1949 Bicycle Output

Bicycle production in Japan rose to 2,099,451 units in 1949, up 78 percent from 1948, marking a postwar peak for the industry and signaling rapid recovery in domestic manufacturing.

Japan

Also Mentioned on This Page

U.S Penney Ray Morrison Taylor Garner Penney’s Men’s Dept Dobby Reg MR. Fox Mrs Hitchcock Lon Mrs. But BAYON BOC Penney's Mercer Baldwin Anna Hamilton Stock Exchange Baldwin Locomotive Lima-Hamilton Sunray Ol Curtiss,Wright Continental Motors Willys-Overland American Bosch American Woolen South American Gold Western Air Lines Symington Gold International Telephone American Emotive Genera Otors Chrysler Studebaker Boeing Douglas Aircraft Bell Aircraft Santa Fe Skelly Oil Gulf Oz Texas Company United Corporation Radio Corporation US Steel Goodrich Philco Air Reduction Allied Chemical Dow Chemical du Pont American Can General Electric Standard Oz Lehigh Portland Cement Atlas Plywood Creole Petroleum Electric Bond Humble Oil Imperial Oil Waltham Watch Solar Aircraft Ryan Consolidated Petroleum Pancoastal Thareony United Corp West Airlines Symi Tel &Otel It Radio Corp Indus Rails Ener Alrines Aveo Mfg Braniff Chrysler Corp Cere Als Curtis Wright Goodrich Gen Motors Kanity South Atre Ohio Packard Mphey Panhande Jenny Falmouth Repub Ae “Co Tex Gulf Steel West Tn Woolworth Cies Kumbte Lone Star Gas By Clark Fort Worth Chicago Livestock Apneya Interior Movement Mgiocks Memphis Teeeer i Little: Rock Minneapolis Olte Tenn Arch Nogeler Examinatio Texas State Itexas State Optical
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