Truman's Talk Spurs Stock Prices Rise Across Markets
Stock prices rose after President Truman's wartime mobilization message was read to Congress. Investors weighed potential needs versus economic impact as rail and rubber shares led gains.
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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Jan 09, 1951
Page
10
Stock prices rose after President Truman's wartime mobilization message was read to Congress. Investors weighed potential needs versus economic impact as rail and rubber shares led gains.
An Ohio doctor promotes Olive Tablets as a vegetarian remedy for constipation claiming they clean the entire intestinal tract and improve digestion. The ad lists 15 30 and 60 cent prices and asserts benefits like renewed pep and clearer skin.
State Selective Service Director Brigadier General Paul L Wakefield outlines who must register under the medical draft law. Males holding one of six medical, dental, or veterinary degrees must register unless turning 50 before January 15. Exceptions include active duty and reserve personnel, those registered in 1950, and certain aliens.
A wind driven blaze devastated a large block in Martinsville Virginia during Sunday night and early Monday. Firemen fought for four hours before gaining control around 2 am. The fire caused about one million dollars in damage to the South Central Virginia furniture center.
Grain prices edged up as cash markets showed gains over the weekend. Wheat futures rose amid limited selling, with prices for No 1 dark northern spring and No 2 white wheat higher, while barley and rye tracked modestly higher and soybeans eased.
Stockholders of four downtown banks will meet this week for annual meetings to elect directors and transact pending business. Capital National Bank American National Bank and Austin National Bank meet Tuesday. Fidelity State Bank meets Wednesday. Texas State Bank set for Tuesday Jan. 16. Directors will name officers for the coming year.
Futures finished higher with gains from 75 cents to 2.95 per hundredweight as demand aided old crop deliveries and new crop months turn up. Reports note potential planting in the Lower Rio Grande Valley in three weeks and a record acreage outlook. The Agriculture Department may issue export allocations totaling about 600000 bales this week.
OCR data shows spot cotton prices in New Orleans and Galveston with varied grades and futures. flax, wool, and livestock futures also noted. Market figures include spot mill prices, weekly averages, and futures for wool and cattle with multiple entities and price points.
Kansas City ad claims a new inconspicuous truss without leg straps or heavy pads provides easy support. The 30 day trial includes a $3.50 special truss as a gift for reporting results, sent by Physician's Appliance Company, 1844 Koch Bldg 2006 Main, Kansas City MO.
Cottonseed oil futures closed 30 to 48 points higher as buying interest supported the market. Traders cited firmer demand for vegetable oils and ongoing concerns about supply.
The oc recreation department launches a recruiting drive led by Director Beverly Sheffield. He expects military enlistees to help fill lifeguard roles and supervise playground activities before June, aiming to hire about 100 workers.
Paris dispatch notes Taft's antiwar stance comforting some Republicans while a Communist organ calls him a warmonger and questions how he would have acted in Korea. The piece portrays mixed reactions to Taft's foreign policy views amid Korea events.
New York stocks higher as crafts and metals lead a slow advance while bonds ease. Cotton rises with trade and commission house buying. Chicago wheat firm on export activity. corn and oats gain with strong export demand. Hogs uneven after a 25 cent swing, top $21. cattle uneven with 50 cent moves, top $40.
Fragmentary OCR lines mention unsold items and steady tone. No clear people, places, dates, or organizations are readable.
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