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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Jan 13, 1951
Page
14
New York traders pulled back following President Truman's address with slight downside bias. Major movers included Nickel Plate rose over 25 points to 205, as the market widened with 1,262 issues, volume around 2.95 million shares.
In San Antonio on January 12 cattle and calves around 200 head with scattered sales. Cattle classes steady with few cutter and low utility steers at 22.50 and stocker calves 30 to 33.50. Hogs about 200 head with butcher supply steady at 20.25, quotable 17.75 to 18.25 after deductions. Feeder and goat receipts sparse and not enough to test the trade.
Chicago traders faced a volatile session as grain prices swing between gains and losses after President Truman's economic message to Congress. Wheat slid 1 to 14? lower, corn mixed to higher, oats and rye uneven, soybeans fluctuated, and lard dropped to about eight cents per hundred pounds. Government offers to sell corn target rising prices, with No 2 yellow bids around 28?0? cents a bushel above Chicago May futures for domestic sale.
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