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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 11, 1948
Page
6
On December 11 1882 workers started tearing down the old Capitol Hotel in Houston built by the Allen brothers as the Capitol of the Republic. The building later became Barnes House under J L Barnes and then was replaced by the Rice Hotel after 1912 when the second structure was razed. Anson Jones once died in a guest room there.
Brigadier General Paul H. Streit will become commandant of the Army Medical Center in Washington on January 15, succeeding Major General George C. Beach Jr. who died last month. Streit, a Seguin Texas native, has led Brooke General Hospital at Fort Sam Houston for three years.
Fort Worth market reports show cattle and calves steady to mixed as receipts lag. Prices range from common cows at 16.50 to 24.00 for good calves, hogs down 25 cents, sows steady, with sheep and goats steady or lower in places. Chicago trade confirms softer tone on hogs, with cattle dull and vealers 7.50 to 30.00, lambs steady around 24.50 to 25.50.
A mixed docket lists divorces and annulments filed in several district courts including Betts and Gardner, with notes on liens, foreclosures, and notes. Also recorded are guardianship and minor matters, a few criminal sentences, and marriage licenses with names and addresses of applicants and vehicles registered under the county clerk.
Chicago trading on December 10 shows light demand with only brief late buying. Prices for wheat, corn, oats, rye, soybeans, and lard mostly fall, traders pessimistic about the price structure as grains struggle to find support from other markets. Fort Worth and Kansas City grain quotes accompany the report with No 1 hard wheat around 46 to 51 cents and No 2 red at roughly 232 to 237, while New York wool and Southern spot cotton data also appear.
Representative Joe Kilgore of McAllen vows to continue his bid for the House speakership in the 51st Legislature as Durwood Manford touts 104 pledges. Kilgore claims 48 of 150 supporters and expects a floor contest when the new Legislature meets, backed by Speaker W. O. Reed.
The Lockhart Business Men's Club welcomed Harold T. Moore scout executive of the Capitol Area Austin as guest speaker. Also present were Mrs. Eugene Whitmore and Mrs. Jimmie Patton.
New York stocks rose modestly after a three day drop as the market moved ahead on light activity. The Dow edged up with small gains as utilities and rails posted limited advances and the overall tone remained cautious with few major shifts. In Portland foreign exchange markets, the pound, francs, and pesos held steady or eased slightly amid unchanged U S cent values.
New York reports show cotton futures firming as short covering and replacement buying emerge after prior liquidation. Traders note scarce offerings and a recent rise in prices, with loan entries declining alongside heavy weekend covering in New Orleans market.
AP reports Galveston on December 10 shows spot cotton closing steady with prices across grades from good ordinary at 18.85 to strict good middling at 32.45. Sales-spots recorded as 0 and FOR 1,040.
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