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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 14, 1948
Page
11
Cattle and calves at San Antonio and Fort Worth auctions showed uneven demand with some categories steady and others weaker. Slaughter stock and hogs were notably uneven as buyers adjusted to the holiday period, while lambs and yearlings remained mixed. Bulls, cows, and stocker calves posted varying prices across locations and weights.
Moderate selling pressure trimmed the market with fractional losses. Early gains faded as prices slipped and volume reached 1,180,000 shares. The Associated Press average fell 0.2 to 64.6 with only some leaders staying above day’s lows.
Taylor high school forms an Industrial Arts Club with Y F Miller as president James Coon heads the department. The group plans field trips and possible fund raising to buy tools and equipment. Bill Johnson elected vice president Don Brieger secretary treasurer and Edwin Anderson sergeant at arms.
New York and New Orleans cotton markets showed irregular action as nervous liquidations and hedge pressure moved prices, then mill buying and short covering helped recover. Traders cited uncertainty over farm legislation and weak goods demand, with closes mixed and midsession gains fading into a volatile finish.
Wool tops futures finished modestly lower with the March contract at 173.0, May at 175.0, and various later months showing bids around the 169.0 to 175.0 range. Certificated spot wool tops traded with bids near 141.0, while overall activity reflected a softer tone in the market.
German workers at Allied airlift bases in Berlin admit shoplifting small packaged consumer goods from three to ten percent of shipments. Heavily loaded coal and flour, which dominate airlift tonnage, are rarely stolen. American and British authorities say some shoplifting by German laborers is nearly unavoidable.
New York December 13 Leon Henderson resigned as national chairman of Americans for Democratic Action effective January 15 due to private responsibilities as chief economist for the Research Institute of America. He said he must spend considerable time abroad.
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