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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 31, 1948
Page
3
Cattle sales slow with small declines in San Antonio Chicago and Fort Worth markets. Cattle and calves show weaker bids, with load lots around 1050 pounds for steers around 21.00 and various cows and bulls priced lower. hogs and sheep also trend softer across regional reports.
Amarlillo report toed by 5 year old Loretta Veale who hugged a Christmas doll when her dress touched an open gas heater. She died the next morning with parents Mr and Mrs W V Veale and four sisters and a brother surviving.
Stock market ends the year with a weak rally as prices rise only modestly and support fades. The Associated Press 60 stock average sits at 64.7 with mixed gains and losses across industries. Foreign exchange rates show minor movements with the Canadian dollar at 92.37 U.S. cents and the franc and peso unchanged.
Chicago and Fort Worth grain markets show small losses amid light holiday volume. Wheat futures softened while corn and oats posted mixed moves, with soybeans and fats trading tighter as December settles.
Postmaster Bob Phinney urges the public to check at the Post Office for the new rates effective Saturday. Air mail rises from five to six cents per ounce and all parcel post rates increase. Special delivery, insurance, money order and COD fees rise, and third class mail also goes up. Delay due to return for additional postage is likely if new rates are not observed.
Llano Post Office moves a record holiday season with over 100000 Christmas cards mailed from Llano and local deliveries. Postmaster Andy P Box calls it the biggest Christmas business in Llano’s history. Raymond Rogers, with 35 years at the Llano office, notes the peak postal rush as the largest he has seen.
New York and New Orleans reports show cotton futures fluctuating during pre holiday trading. Prices opened steady with new crop buying but later eased amid tax selling and hedge activity, with futures closing modestly up or down from prior levels.
Agricultural editor Dave Shanks reports cot tonseed products dropping in Austin on a Wednesday. Prices listed include cottonseed meal at 82 dollars, cottonseed cake at 84 dollars, and cottonseed hulls at 24 dollars per ton. The piece also covers veterinary notes, livestock shows in Gillespie County, 4-H feeding for Houston stock show, and local farm improvements including terraces and land management efforts.
Spot cot ton in Galveston closed steady down five points with middling near 31.95 and good middling 32.30, sales 1 005. Southern spot markets averaged 32.25 cents for middling 15/16 inch, with 32.15 cents for the 30 market days. New York wool futures closed little changed with May at 174.5 to 176.6 and spot tops at 169.0 for certificated wool tops.
Miss Frankie Hardin of Llano and University of Texas co-ed returned home for the holidays and, on Christmas Day, bagged her first two deer by 5 30 p m. Both were four pointers killed on her grandmother’s Llano County ranch.
Georgetown will observe a holiday Saturday with all business houses and county employees closed. Claude Eads, secretary of the Retail Merchants Association, announced the closure.
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