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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Feb 07, 1950
Page
6
Wheat futures swung from losses to gains as liquidation eased. March contracts led the reversal while other grains rallied on technical buying and government purchases. cash markets showed mixed demand with receipts in Chicago elevators around 854000 stocks.
The Supreme Court ruled 7 to 1 that Congress must decide when a law affecting business is unfair, not the courts. The decision upheld a 1948 act limiting Puerto Rico sugar shipments, while other actions upheld FTC reporting orders, obscenity laws, GI insurance, stock tax assessments, and a 1000 mile Piedmont route award.
Fidelity and Casualty Company of New York sues Harvey D. Oatman of Austin in 126th District Court claiming two life insurance policies were issued March 1 1948 with a $497.50 premium due within 60 days and seeks $597.50 damages plus interest and costs.
Rep Cap Williamson of San Antonio, back in the first week of the session, is a veteran of both chambers with 22 years in the Legislature. He expects the session to succeed in levying taxes for the hospital program.
Popcorn producing counties in Sac and Ida in Iowa contribute to a state output that rivals only Iowa itself, highlighting Iowa’s dominant position in corn-based snack grain. The report notes Iowa’s national standing and regional contributions to popcorn production.
In New York on Feb 6, cotton futures firmed, closing slightly higher after early declines. Buyers from mills and short covering boosted May and new crop positions to near season peaks. traders noted slow trading and government loan- stock uncertainty. U S mid and long futures rose 5 to 25 cents per bale with modest advances in March and May deliveries.
Livestock markets show steady to higher prices with cattle and calves advancing modestly. In Antonio and Fort Worth reports, slaughter stock and stockers posted gains while feeders and hogs remained steady to up slightly. New York wool futures edged lower on liquidations amid mixed demand.
A dubious weight loss claim advertises a simple plan using four ounces of Liquid Bicarbonate mixed with grape fruit juice in a pint bottle. Claims rapid fat loss from neck to ankles and offers a money back guarantee if results don’t appear.
The Rev. C. Crow and his family lost their Lockhart Highway residence in a Sunday 3 am blaze. Crow, former Grace Methodist pastor now at Haynie Chapel Garfield, saved a Bible from the fire while the house burned for about two hours. Loss estimated at 12500 with 5000 for a library. cause undetermined.
The County Board of Education on Monday confirmed Tom Stokes as coordinator of the Travis County School of Vocational Education replacing Joe Smith who recently resigned. Stokes had been Smiths first assistant and was tentatively appointed pending board approval.
In New York on February 6 1949 traders mixed caution with selective gains as US Steel led activity and General Motors declared a 1.50 per common share dividend. Steel and coal production concerns and rail stock softness shaped the day with the Associated Press average down about a point.
Golden Colorado February 6 FBI agents and sheriff deputies question 23 year old Navy veteran Amron McCauley Jr a suspect in a spree of major crimes including a Brinks Express robbery. He admits large scale forgery and is linked to armed car thefts kidnappings and multiple weapons. He and his claimed fiancee Barbara Carroll were captured after a car chase and road block.
Braniff International Airways shipped wingless chickens developed by Peter Baumann from Des Moines to Cuba Peru and Brazil as a goodwill gesture. The birds worth 250 to 500 dollars per pair aim for reproduction use with a 5 to 10 year horizon before price competitiveness.
Mayor Taylor Glass proclaims February 19 to 26 as Brotherhood Week urging citizens to serve diligently for the glory of Austin and the United States. He calls for expanding liberty, leading toward a United World without hate, recognizing all mankind as one family.
Popcorn cultivation in Central America traces back centuries with Aztec communities shaping early snack culture. Archaeological finds and colonial records highlight maize varieties and ceremonial uses intertwined with daily life.
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