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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Aug 29, 1950
Page
6
A slow paced recovery nudged stock prices higher in a subdued New York market. Steel and aircraft shares led gains as investors weighed wartime controls and tax policy while railroad disruptions and Army involvement kept big questions unresolved.
A testimonial from Mrs. E Kaup man of Clinton New Jersey touts Kellogg s All Bran as an easy remedy for constipation. The ad urges daily consumption of one ounce with water and promises double your money back if not satisfied after ten days.
Bartlett August 28 Floyd Brockenbush Bartlett REA employee was injured in a fall while working north of Bartlett. He suffered a minor burn on his right arm and other injuries are not yet determined.
Fort Worth City Manager Walter Seaholm announced Lawson Portable Floors of Fort Worth received the Coliseum work. The project includes a 70 by 102 foot portable floor costing 8845 dollars and a 35 by 50 foot stage costing 1629 dollars.
The New York World-Telegram and Sun resumed publication in New York on Monday after 11 weeks offline. The paper had been shut down since June 13 by a CIO American Newspaper Guild strike, which ended with a new two year contract signed last Wednesday.
Cattle and calves show moderate activity with prices mixed across classes. Hog trading steady to higher with butcher weights 190-270 lb around 24.50 to 24.75, sows up to 1.00 higher, feeder pigs firm, and lambs notably strong in the Chicago and regional listings with top lambs near 27.50.
Fire destroyed the Village theater at Greggton near Longview causing an estimated loss from 75 000 to 100 000 dollars. The blaze occurred on August 28 and damaged the areneay area of the venue.
Cotton futures closed firm with gains of 85 cents per bale as old crop months were sold and new positions shifted by professional traders. Spot cotton in Galveston also closed steady with gains across grades, while New Orleans markets reported higher middling and overall average price for Monday.
AP reports Aug 28 wool markets in Sydney with futures up 100 points as opening wool auctions show strong demand. Estimated sales reach 590,000 pounds for tops and 366,000 for futures, with spot and tops futures closing higher across months.
This Day in Texas notes the birth of Old Man Texas on August 29 1904 created by cartoonist John Knott. It pairs the symbolic figure with J A Boyd Lancaster resident seen as embodying Texas traits. Albany News editor Edgar Rye is highlighted for woodcut cartoons.
Wheat edged higher by about a cent with modest gains across grains on Monday. Corn oats and rye posted minor moves while soybeans slipped slightly as oil supplies appeared larger than a year ago, with prices quoted in Kansas City and Chicago markets.
Manchaca residents Mr. and Mrs. V. V. Vance and their son Wesley Graham have moved to Freer for public school positions. Mrs. Vance has served as principal of the Manchaca school for the past four years.
The Bracken ridge Hospital administrator post, vacant since April 1, nears a decision as the top applicant arrives for an interview with City Manager Walter Seaholm and the hospital advisory committee. Dr Raleigh Ross has held the post temporarily as the search continues.
Fred Cawitt Sharp, age 12, sues Robert B. Connally in 126th District Court seeking 40481 damages for injuries from a September 20 1949 collision on Guadalupe Street. The complaint states Sharp sustained a burst eardrum and other injuries impairing hearing.
San Angelo reports a new Texas record price of 1 dollar per pound for original bag wool. The West Texas Wool and Mortgage Association at Merizon announced 13 000 pounds of 12 month wool sold at this rate from the Duwain E. Hughes estate clip.
Owen D. Story aged 47, manager of Shell Oil Company regional purchasing and stores department in Houston, died of a heart attack Sunday in Los Angeles California.
The parents of 15 year old Charles Reeves asked police Monday to locate their son who vanished a week after being sent by his parents Iaid Mr and Mrs Buford of 3307 Manchaca Road to a boys ranch on Aug 21. Reeves is described as 5 feet 6 inches tall with a medium build and fair complexion.
Austin Organized Navy Reserve adds three sailors to duty calls. Curtis H. Wimberly of Palo Duro Street, Richard Salinas of Castero Road, report September 8 in Houston. Hubbard C. Ward of East First reports September 9.
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