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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 29, 1949
Page
6
Rail stocks led a broad market rise as better than expected November earnings spurred a rally. The Dow like measures climbed with the industrials at their highest since August, while Pennsylvania and Atlantic Coast Line posted gains on strong earnings reports.
In Bloomington on December 28 Representative James E. Noland of Indiana signaled his candidacy for re-election by tossing his hat into a chalked ring on a TV show. Video cameras followed the hat as it landed.
On December 29 1901 Lazy S Ranch cowboys began remodeling Big Spring county courthouse and built a window chute to block nesters from filing. The owner’s crew guarded the sale line while state school land sections were offered, with the Lazy S application first received.
Cotton futures held steady with minor losses as demand remained restrained and hedge selling appeared limited. Reports said some sales of United States cotton to India may proceed after India announced foreign exchange allocations, with potential imports of up to 800 000 bales from various producers.
Two 15 year old Austin youths had minor bruises and lacerations after a two car crash at Sharon Lane and Griswold Street. Joseph Renfro III and William Mitchellwere treated by a private physician and released. The other driver was Mrs Beulah Leatherman Wilson. Officers Swinney and Petri investigated.
CHICAGO Dec 28 AP Grain futures opened weak then slid further before a late rebound, with corn showing the only notable gain. Export talk and light country receipts limited momentum. wheat drifted down on soft export news, soybeans offered little support, and oats and lard moved smaller. Fort Worth and Kansas City cash prices echoed light demand and mixed bids while USDA weather notes marked ample moisture in most regions.
Justice Tom Clark said he hopes to stay on the bench for 20 years and retire afterward. He added no wish to return to politics and enjoys the peaceful life of a Supreme Court justice. Clark Mary and their 16 year old daughter Mildred arrived by train from Washington. He will be honored Friday at a Dallas Citizens Council dinner with Sam Rayburn and Governor Allan Shivers among the guests.
In Malden Massachusetts on December 28 1945 Herbert Loring Jackson 40 owner of a cleaning shop was elected president of the Malden City Council from Ward 7. He is the first Black member to win a council seat, taking over the family business 12 years ago from his father born into slavery at the University of Georgia.
A London weekly, The Recorder, claims King George V threatened to abdicate in 1922 if Lloyd George returned to power. The story says Conservative revolt at the Carlton Club blocked a Lloyd George comeback, leading Bonar Law to form a Tory government and Baldwin to later become prime minister.
San Antonio livestock report shows cattle mostly steady with varied quotes for calves yearlings cows and bulls. Hog prices and conditions described as moderately active with sows and feeders lower while slaughter cattle and sheep markets in Fort Worth and Chicago show strength and mixed gains.
C. L. Red Carlock of Wichita says he bought and gave away 70 shaggy mountain burros this Christmas. He reports buying from Phoenix and Santa Fe for about 175 dollars each, plans to ship them to his Oklahoma City ranch for pasturing, and aims to place them with children who can care for them. He estimates about 260 burros purchased since he started.
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