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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Aug 12, 1949
Page
8
At A TO Aug 11 cattle and calves showed general steady pricing with some weeklong declines in stockers and butchers. Calves, steers, and heifers varied by grade. hogs weakened slightly while sheep and lambs held near prior levels. Fort Worth and Chicago reports mirrored softer trim on some classes and steadier feeder and slaughter values overall.
New York August cotton futures showed irregular moves as millcovering offset spot purchases. Weakness in new crop months came amid farm legislation uncertainty, with prices fluctuating while demand for cotton goods stayed strong. Weevil infestation spreads northward in the Cotton Belt, especially Arkansas and Tennessee, adding crop risk as weather remains generally favorable.
New York stocks dipped with muted buying as several issues hit yearly lows or failed to gain. The Associated Press index fell fractions while notable names like American Woolen and Goodyear eased. trading volume hovered around 1 million shares daily, signaling cautious market mood.
Cash grain in Chicago shows wheat and corn easing while oats hold. Kansas City reports mixed values with No 2 yellow corn at around 1.31 dollars and No 2 white oats near 0.63 dollars. Fort Worth notes fair demand with price bids for wheat No 1 hard and barley around 1.22 to 1.27. Wool futures in New York hold steady amid hedging and profit taking.
United Nations Security Council voted 9 to 0 to lift the Near East arms embargo with Russia and Ukraine abstaining. The council rescinded the old armistice resolution between Israel and Arab states while reiterating an unconditional Palestine cease fire and continuing the Palestine Conciliation Commission to negotiate a permanent peace and chair armistice talks.
Detroit Aug 11 Automotive News estimates U S motor vehicle output this week at 142 262 units with 119 775 passenger cars and 22 487 trucks. Packard and Chrysler plant stoppages trimmed production while year to date totals reach 3 103 170 cars and 770 574 trucks.
An Aug 11 report from Worth Iowa notes the Identification Bureau received a letter from Falls Idaho police describing a woman involved in passing bogus checks. The letter provides age weight and height but states she wore a low cut dress with a long skirt making facial features hard to describe.
In San Antonio on Thursday Judge Robert Sawtelle acquitted three drivers tied to a negligent collision involving a dual controlled instruction car and another vehicle. It could not be determined which operator was behind the controls at the crash.
A year old Beaumont boy named Ernie Cruse recovered well after a blue baby operation at St. Joseph's Infirmary. The procedure occurred on Wednesday and the child remains under observation in an oxygen tent.
Vice President Alben Barkley will visit St Louis with Mrs Cameron S Hadley and her 17 year old son. They will meet Barkley relatives and attend a ceremony naming Paducah Airport in the Veep's honor. No wedding date announced.
In Vienna on August 11 the US provost marshall announced two American soldiers have been arrested and charged with killing an Austrian civilian. Private First Class Angress Brown of DuQuoin Illinois and Private Jerry L Wright of Cleveland Ohio are accused of knocking down Paul R Tzenberger on August 1 and kicking him to death.
A Texas woman, Mary A. Shirkey of Victoria, knitted a single pair of camel hair socks from camel hair spun with her own thread and mailed them to President James Buchanan. She claimed camel hair could spark a Texas industry but no further camels were sent and no such socks exist today in Texas.
A strange summer illness has infected a large portion of Salt Lake City's population with fever nausea diarrhea and abdominal pain over the past days. Doctors report no definite cause yet and many residents seek relief from physicians and druggists.
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