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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 06, 1950
Page
7
Strong cotton futures regained losses as traders weighed price controls and private reports from the cotton belt. Spot values hovered near 42.88 cents per pound while new contracts for March and May showed modest gains, with wool markets also firmer as supply concerns persisted.
Grain prices show firm support as export prospects improve with potential government measures. Wheat gains 1% to 2 cents, corn up 2-3 cents, soybeans steady, and rye modestly higher amid anticipated policy actions and U S government agency awards. Cash markets stay largely unchanged with mixed reports across wheat and soybean belts.
The notice lists poultry prices for 4 pounds and over including fryers and ducks and turkeys with No 1 hens and toms prices. eggs and rabbits prices also shown. exchange rates from AP follow with currencies and values.
Reports say a local healer prepares courage enhancing brews from tiger claws teeth bones and whiskers for Korean warriors before a clash. The practice is described as traditional medicine aimed to bolster bravery in battle.
Cattle and calves held steady with activity in stocker and feeder segments. Calves near 1,400 head reported with higher prices for good fed steers and yearlings, while cows, canners, and cutters showed modest gains and steady demand. hogs and lambs varied with limited offerings and persistent regional price ranges.
Markets at a glance show stocks higher with steels motors and rails leading the rally in New York. Bonds mixed as rails improve. Cotton firm with active demand. Chicago wheat firm to strong on exports and delayed controls. Corn strong on exports and cold wave. Oats firm to strong as grains rise. Hogs slow 25 to 40 cents lower top 18.25. Cattle uneven 25 cents higher to 50 cents lower top 36.50.
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