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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Aug 16, 1949
Page
4
The market faded from a summer peak as prices dropped across most issues. Utilities steadied, railroads faltered, and the Associated Press noted 60 stocks down about 3 points on lighter volume around 70 000 shares.
Cotton futures showed limited gains as early trading in New Orleans and Chicago revealed mixed bids. Prices for October through December shifted narrowly while spot cotton in New Orleans hovered around 31 cents, with fluctuating midmarket quotes and a broad range across futures contracts.
Texas and Fort Worth reports show cattle calves and hogs largely steady with mixed movements. Chicago markets see slower demand with most hogs unevenly lower, while cattle and sheep hold near last quotes and futures hint at cautious appetite.
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