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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Jan 14, 1950
Page
2
In Utica New York Mrs Gordon Slocum welcomed a daughter born on Friday the 13th weighing five pounds thirteen ounces. She was born Friday the 13th and shares the date with another daughter also born on a Friday the 13th.
In New York on January 13, foreign exchange rates show the Canadian dollar at 89.00 US cents with small discounts. The pound stands around 2.80 dollars, various European currencies move little, and Latin American and Mexican rates are quoted with minor changes. In wool markets, commission house activity shows profits and sales, with earlier record wool prices and mixed futures movements toward the close, including spot and futures quotes for certificated wool tops and related commodities.
New York investors saw a broad stock market fall early then a late rally that steadied losses. The market endured extreme drops but recovered some amid a volatile day, with weakness and brief rebounds shaping the session.
San Antonio livestock buyers saw sharp gains with goats, cows, bulls, and calves up as much as 25 cents. Regional figures show top butcher prices around 18 to 28 dollars per hundredweight, with stockers and feeders also strong. Fort Worth and Chicago markets echo the trend, noting steady to higher pricing across steers, heifers, and lambs.
Grains rallied from an initial dip to close higher on Friday. Corn, oats, soybeans and lard showed varied moves with prices easing at times. futures for March and May contracts were noted, while Fort Worth and Kansas City cash grain markets posted mixed bids and receipts.
Jan 13 spot cotton quotes show a good ordinary at 22.53 cents per pound with middling around mid Ind and better. Market notes indicate price variations and reference FOB terms.
In New Orleans on January 3, the AP reports the average price of 15 to 16th inch cotton at 30.86 cents per pound across 10 Southern spot markets. The 30 market average for the past 30 days shows no change, with middling cotton around 37 to 47 cents per pound.
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