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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Aug 10, 1950
Page
4
Fort Worth and Chicago reports show cattle and calf trade uneven with steady or mixed prices. Slower demand at San Antonio with feeders 2000 to 3000 weight ranges and hogs weaker, while sheep and lambs hold steady to firm in places like Fort Worth and Chicago markets.
Chicago market and Kansas City trade show broad declines as favorable crop forecasts overshadow Korea war optimism. Wheat, corn, oats, soybeans, and lard drop sharply, with Canadian forecasts fueling weakness. Cash grain quotes and regional prices list varied declines across wheat, corn, oats, rye, and barley amid improving weather.
Vigorous demand for radio television shares boosted the market with TV stocks leading gains of over $2 a share. The AP average rose and trading narrowed as 1,108 issues moved, with Superior Oil tumbling after postponing a split plan and GM up on a $2.50 dividend, while other sectors fluctuated on renewed war updates from Korea.
The Leander Methodist Church hosts a Methodist Youth Caravan guiding daily activities and instruction on the work of the Methodist Youth Fellowship and church. The four college students and a counselor lead meetings, part of a tour through Southwest Texas Conference towns.
The Town House announces a new A La Carte menu offering select items priced from fifty five to eighty five cents with no minimum charge. Previously they offered full luncheons and dinners, which remain available. The location is Sixth and Lamar.
New York August 9 AP The cotton futures market rose further on general buying linked to short 1950 crop prospects and hints of lighter raw cotton supplies. Close up 1.15 to 1.85 a bale as demand stayed strong and market absorbed earlier hedging and reinvestment. Volume on Tuesday set a heaviest level since February 1949 at 5100 bales. Government August crop estimate penciled at about 10,908,000 bales with some traders expecting possible adjustments if August weather damages crops.
On August 10 1868 E J Davis and E Degener completed a Constitution for the State of West Texas for territory west of the Colorado River and south of the 32nd parallel. Debate over three states persisted through 1891 and 1915 with proposals to annex Fast Texas to Arkansas. Curtis Bishop notes the shifting divisions.
A bold ad promotes a high concentration undiluted alcohol solution to kill embedded athlete’s foot germs in one hour. If unsatisfied, customers can claim a 40 cent refund from druggists. product advertised at Renfro Drug Stores.
Six cadets from the Taylor Civil Air Patrol unit travel to Goodfellow Air Force Base for a summer camp through August 19. Named were James Stone Herbert Hanson Joe Kasper Edwin Malisk Bill Bradford and T J McDonald.
An old advertisement touts D D D Prescription as fast relief for itch from eczema pimples scabies athlete's foot and related irritations. It promises a greaseless stainless liquid formula with a trial bottle at 34 cents and a money back guarantee.
Advertises door stock including gum and birch panels not painted, Masonite sheets, screen doors, and plywood. Offers carload wholesale pricing with quantities like 20x68 and 16 3 0 sizes. Mentions prices around 7.50 and 7.35 with a cash bargain pitch urging customers to see Sanders on Sixth for pricing.
Wool futures rallied on higher cash prices with spot tops quoted near 285.0 and 610 pounds for wool. Prices for various futures contracts including Oct Dec and May showed gains while market notes referenced nominal bids and unsettled spreads reflecting a volatile session.
Georgetown announces a new grain warehouse by the Georgetown Oil Mill will be ready by Monday. The structure near the oil mill measures 100 by 40 feet and stands 34 feet high with a storage capacity of 150000 bushels.
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