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Austin American in Austin, Texas

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Newspaper

Austin American

Location

Austin, Texas, United States of America

Date

Jan 31, 1950

Page

7

Fort Worth and Chicago cattle and hog markets mixed

Market reports show cattle calves steady to higher with slaughter cattle also firm. Hogs and feeder pigs steady to higher while sheep and goats saw variable demand across Fort Worth Chicago and regional listings. Prices quoted for various weights and categories reflect mild gains and steady inventories.

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Broad Advances Lift Stock List to 1949-50 High

The market rose sharply with broad gains taking stocks to new high levels for 1949-50. Radio issues led the advance while steel and motor groups followed, netting a 1,640,000 share volume as the day’s activity shifted mood and boosted morale.

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Grain Prices Slide as Market Opens Steady Then Falls

Cash grain trading shows demand fair but prices retreat across the board. Wheat and corn lead the declines with oats rye and soybeans down modestly while lard gains. Traders eye weather and potential government action as futures slip following early optimism.

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Cotton Futures Show Decline Amid Market Uncertainty

Cotton futures fell modestly as traders weighed government policy signals and loan announcements. Market activity was tentative with nearby March contracts pressured and spot prices around 31.39 cents per pound, while calls for new pest control products appeared in agriculture news.

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SMU Prepared to Graduate About 450 Veterans Wednesday

Dallas January 30 Methodist University will award degrees Wednesday night to nearly 450 students including about half veterans. diplomas will be given by Dr Umphrey Lee university president and the ceremony marks a late wave of the veteran class.

SMU Umphrey Lee

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