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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 20, 1950
Page
5
Slaughter calves are slow with hogs moderately active at SA Mart. Reports show varied prices across cattle and hog classes, with feeders and stockers steady to higher, calves and calves up to 60 over 30 dollars, sows steady higher, and sheep market active with higher lamb bids. Cattle salable around five to six thousand, calves four hundred, hogs one thousand plus.
Houston December 19. A 45 year old engineer fell to his death from the roof of the 12 story Humble Oil and Refining Company Building. He was Joseph Glenn Smith an employee at Humble since 1928.
The use of black for men's formal wear traces to the Burgundian court of Charles the Bold, a 14th century ruler who insisted black be worn in his presence.
New York stocks rise with heavy buying in rails while cotton gains amid commission house activity. Chicago wheat and corn show mixed moves with December contracts firming, oats softens. Hogs stay very active climbing 50 to 75 cents to a top of 19.85. Cattle show uneven strength with slight declines ending near 38.50.
Chicago stock market notes uneven grain activity with sporadic buying and nervousness as December contracts expired. Wheat and oats moved modestly lower while corn advanced slightly. soybeans and rye showed light shifts amid fluctuating quotes and share of nearby contracts.
Dallas December 19 police hunted two burglars who broke into the Lamar school Monday night They may be embarrassed by their feast after consuming nine ice cream bars six half pints of milk and two cherry pies amid the investigation by local authorities.
Senate passed by voice vote a bill authorizing 38 million dollars in additional economic aid for Communist Yugoslavia sent to the White House. The action occurred on Tuesday in Washington.
A booming session lifted prices with many gains across railroads, autos, and steel shares. The Associated Press index rose 50 cents to 86.60, marking a high since 1931, as 1,200 issues traded and turnover neared 3.4 million shares.
Cotton futures firm with gains up to 2.45 a bale as market shows strength toward close. Census data indicate increased consumption and rising mill stocks but tighter two month supply. New Orleans and Galveston spot quotes show steady to higher levels amid mixed regional results.
Washington official states that a significant rise in mail rates for railroads would push more mail to trucks. He argues trucking can move mail at costs equal to or lower than railroads, due to door to door service and reduced handling. Railroads had a 25 percent interim increase in 1947. John E. Tilford notes mail service costs exceed revenues for the Louisville and Nashville Railroad.
New York rumor and price movement show cottonseed oil futures closing 10 points lower to 60 higher. Trading activity noted with bids and scattered sales as December contracts moved within a narrow range amid fluctuating demand.
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