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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 24, 1949
Page
4
The market pushed to a yearly peak with large gains despite mixed breadth. Western Union led a late surge, Pan American World Airways rose, and industrial bonds gained while government issues stayed flat. Volume reached about 1,470,000 shares with mixed results across sectors.
Grain trading firms finished Friday with modest gains as wheat helped lift prices late in the session. Prices edged higher on some contracts while oats and rye futures showed limited activity. Cash markets indicated steady demand for wheat and corn, with a cautious mood ahead of weekend trading.
Colonel Oscar B Abbott of the Texas Military District reported the Organized Reserve program paid reservists over 4 percent million this year. The top payment was 1 9 million to home crearty training participants, with 818 290 for unit summer field training and 317 984 for home field training. Additional 345 416 went to service schools, with the remainder for tours of active duty.
Burglaries spoiled Christmas for the needy in South Dallas as nearly $1,000 in Salvation Army Christmas funds were stolen from a small safe at the Dallas establishment.
A fragmented item describes a Montor OL sale event at a drive-in with names like Chief Drive In and mentions figures such as Mr Wales and Allan Nick. The text is garbled but indicates a community sale with entertainment and quirky offerings.
Cattle strong for some classes with steers up to 50 cents and calves firm. cows and bulls steady. Hogs mostly lower for butcher weights while good and choice cattle and calves show firm or higher values. sheep and goats mixed with lambs $21.00 to $22.25 and feeders $16.50 to $17.00. A Chicago report notes hogs 230 pounds and lighter steady to strong. heavier weights weaker. Exchange rates and international prices cited for Britain, Argentina, Brazil, and Mexico.
The Walter Tips Company awarded a 15 percent bonus to employees and presented service pins. Silver pins went to five year veterans. gold pins to ten years. gold pins with emerald, ruby, and diamond adornments recognized 15, 20, and 25 years respectively. Listed are employees with 25 years or more, and the firm’s officers.
Judge Charles O Betts issues a temporary restraining order to stop Irene A Pilgrim and Lida Moore from removing equipment at 1009 1011 Congress Avenue. Miss Fannie Mae McHan seeks lien on furnishings over unpaid rent and fees and a January 3 hearing is set.
A Fort Worth family reel with tragedy as a mother backing a car ran over year old Larry Wright killing him. Celia Williams six year old suffered severe burns when a gas heater fire ignited her nightgown.
Cotton futures ended steady with 15 to 50 cent gains amid narrow trading typical of year end. Nearby delivery rose briefly on hedging and short covering before a late surge, while weekly totals showed exports and loans near the prior week.
A light comedy stars Claudette Colbert Robert Young and George Brent in a tale of a tax expert hiring a former Army major to run his office The major is revealed to be Colbert who seeks a husband and navigates love with Young and Brent The plot twists toward a playful frame up and engagement plans with humorous jewelry store and ring scene details.
A mixed review of a Danny Kaye film where he is mistaken for a visiting inspector general. The town’s corrupt mayor Gene Lockhart and henchmen drive the plot while Kaye’s musical numbers by Sylvia Fine offer some appeal. Performances by Barbara Bates Elsa Lanchester and Walter Slezak are noted with a lukewarm overall verdict.
Public Records from 98th District Court list damages and injunctions in McHan and Pilgrim et al, and filings in Bayer v Swearingen. 126th District Court shows multiple divorces granted including Buck, McGinnis, Carmona, Hobbs, Parsons, Botts, Smartt, Glover, and Long.
Montreal weather office said a white Christmas was unlikely, but a reporter observed snow falling outside the window as officials noted no snow in sight for the season.
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