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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 15, 1949
Page
24
Chicago police report two year old Michael Sullivan became trapped by his mother’s cake tin after discovering its removable bottom. Firefighters freed him after a half hour with a hacksaw. The incident occurred Wednesday, with the tin covering his head and face until rescue.
Cotton futures opened firm but weakened on profit taking and hedging before the 1950 marketing and acreage restriction vote. The Agriculture Department said it cannot reallocate allotments, while spot firms traded heavily and switch trades between old and new crop deliveries continued.
Fort Worth post office opened its Christmas mailing station in a cattle barn on the Will Rogers Memorial Auditorium grounds. Postmaster J Edwin McKee noted slow business while locals jam the small main post office parking lot to weigh and mail packages.
A report shows Americans take about eighty bus rides per year on average. The figure reflects typical urban and suburban commuting habits and highlights public transportation usage patterns across demographics.
New York December 14. Broad stock market showed gains with many issues advancing though most moves were under one point. Volume reached 2,210,000 shares, a high since Nov 9 last year, with 191 issues trading. The market reflected seasonal reshuffling and cautious buying ahead of 1950 prospects.
Trading across markets shows a broad cereals drop led by December wheat, with July delivery firm as traders rolled positions. Prices reflect export demand lifting corn and soybeans while hedges unwind on private sales and deliveries inch toward year-end settlement.
New York December 14 Daily average crude oil production and lease condensate was 4 979 300 barrels last week, down 126 650 from the prior week and below 5 671 150 a year ago. Refiners ran 5 234 000 barrels daily versus 5 329 000 previous week and 5 721 000 last year. Heavy fuel oil output was 7 853 000 versus 8 342 000 and 9 387 000. Light fuel oil totaled 7 037 000 versus 7 585 000 and 6 766 000. Finished and unfinished gasoline stocks reached 106 146 000 barrels compared with 105 264 000 and 97 110 000. Gasoline production was 18 219 000 barrels versus 18 128 000 last week.
Railway and highway culverts create ideal beaver dam sites turning roads and rail lines into nuisance corridors as beavers establish workarounds and obstruct transportation infrastructure.
Lt. Col. R. L. Jewett said the Trinity River navigation project from the Gulf toward Dallas could be feasible, with Army Engineers studying economic viability and outlining costs and timeline if approved. Congress has funded the Gulf to Liberty 20 mile segment, estimated at 7.75 million dollars.
San Antonio market reports show cattle numbers around 900 head with calves 800. all slaughter and stocker classes active and steady. Hogs 300 head, pigs weak to steady. sheep 400 head with scattered sales as receipts remain light. Fort Worth and Chicago markets follow with mixed results on cattle, calves, hogs, and sheep.
Edinburg Chamber of Commerce announced it has secured Champion Ill, the brother of Gene Autry’s famous horse, for its Christmas parade. The announcement came Wednesday as the town celebrated the news of the special guest arrival.
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