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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 15, 1950
Page
20
On this day in 1845 a San Antonio man received 400 longhorns in a debt payment. Sarfinel A. Maverick left his herd with an indolent family 40 miles out, leading neighbors to brand unmarked cattle. The practice sparked the term maverick and Western fiction lore. Curtis Bishop.
About 200 million train passengers pass through New York City's terminal annually, entering and leaving the city. The figure highlights the station's role as a major transit hub and its high travel demand.
The Senate armed services committee unanimously rejected charges that Anna M. Rosenberg of New York was involved with Communist fronts. The panel 13 to 0 backed her as assistant defense secretary and noted the accusations were unfounded.
Llano County Veterans School volunteers repair toys for Llano children at Christmas. W A Owens coordinates the effort with the Lions Club collecting old toys and distributing them to needy kids.
AP reports December cattle and sheep receipts show varied prices. Calves yearlings and feeders traded steady to lower with noted declines in some grades. hogs and sheep also moved with mixed demand and pockets of weakness into mid December. Livestock agents noted dull buyer interest and price adjustments across cattle, calves, sheep, and goats.
James Aubrey Thompson 31 and Harry Ward Pate 21 of Houston were killed instantly in a midnight crash at an underpass seven miles east of Clarksville. The accident occurred Wednesday night.
New York stocks fall amid broad selling wave. Cotton prices rise as commission houses buy. Chicago wheat shows mixed March contract, corn sees small changes. Hog prices mostly 10 to 25 cents lower, top at 18.40. Cattle hold steady to 75 cents higher.
Grain merchants reported quiet trading with limited activity while prices showed small shifts. Oats and rye edged higher in some markets, corn and barley held near steady levels as transportation and switching constraints limited turnover.
A sharp selloff sweeps through Stock Mart sending indices lower and turning higher volume into a dramatic plunge. The Associated Press notes turnover near 2,000,000 shares as industrials and utilities retreat amid uncertain market mood and weaker textile and war demand signals.
Cotton futures rose strongly buoyed by expectations of higher demand and delivery prospects. The market was helped by firming indicators and evidence of extended coverage. traders watched contracts expiring soon and the impact of an announced program involving large yardage and ARP type adjustments.
In Lynchburg Virginia gasoline seeps into a downtown sewer at about 75 gallons daily creating a potential explosion hazard. Investigators traced the leak to a crack in tunnels off Main Street while dye tests at service stations failed to locate the source. Officials consider an underground pocket as a possibility but fear street digging.
The House veterans committee approved a bill to provide $10,000 free life insurance to all men in military service since the start of the Korean War. The panel also completed action on a separate bill exempting uniformed service personnel from the federal transportation tax, which now heads to the President for signature.
Berlin dispatch reports the Russian armored division moved from East Germany toward Magdeburg near the west zonal border within the past two weeks. US intelligence said the move was known then but deemed insignificant.
Fragmentary OCR shows mixed numbers for air, stock, and prices across several locations. Mentions of Goa stea rict and various brands suggest a volatile commodities note with reference points including past weeks and year comparisons.
AP reports erratic trading in commodities with cottonseed oil and wool futures showing early season highs then reversing. Traders cited profit taking and market volatility as prices swung, with wool finishing modestly higher despite mixed signals across the session.
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