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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Aug 09, 1949
Page
3
Cotton futures closed firmer with gains around six cents per bale as New York trading opened. The market strengthened on estimates of the 1949 crop cost and state buying while profit taking appeared later. Distant contracts held gains with modest support from short covering and selling pressures eased.
Auction prices in Galveston show varying results with figures around 21.40 to 30.60 and middling levels reported. Market activity appears subdued with limited bids and inconsistent demand across categories.
In Chicago trading on Monday lard rose while grains declined. Prices across grain futures show mixed moves with soybeans slipping and lard climbing, as bids and offers reflect midday sales and freight costs to Texas, with futures quotes from Kansas City and Chicago cash grain contrasting demand for wheat corn oats and rye.
Chicago bureau reports Fort Worth cattle and calves selling steady to uneven with good steers and feeders in demand. Calves from 1,180 to 1,900 pounds fetch top prices near 28.25, hogs steady to higher, sows up, sheep and feeder lambs weaker with spring lambs offering. Regional volumes show mixed activity across feeder and slaughter categories.
Census data show education received the largest portion of state expenditures in the year ended June 30, 1948, totaling 2.312 billion dollars or more than one fifth of all state spending. Highway and welfare programs followed, with vast sums assigned to public needs and debt servicing as states planned for unemployment funds.
New York reports show men developing bunions from keeping pockets full of pennies while handling coins from vendors and conductors. The city introduces a new eight cent fare on surface transit with other rates at twelve cents on Fifth Avenue Coach lines, seven cents on most buses, and ten cents for the subway.
In Fort Worth a Monday release followed dismissal of an indictment charging Mrs. Adam Bilbrey with poisoning three family members. The deaths involved her husband G C Bilbrey daughter Dorthea Duke and son in law Richard Duke last October. Judge Willis McGregor granted the dismissal on the DA Stewart Hellman recommendation.
The Rev Dr William L Stidger 64 professor at Boston University School of Theology died Sunday night at his Newton home. He taught theology and served as a noted preacher and author. His death closes a long career in religious education and ministry.
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