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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Jan 31, 1951
Page
10
Investors eyed a Santa Fe stock split as a catalyst amid a broad market advance. The rail component led gains with Texas and industrials posting solid moves, while cotton and other commodities faced closures and volatility. Volume trended higher than recent days but remained below the prior session.
Six persons were hospitalized after a car carrying them struck an oil car on a Texas New Mexico freight train siding five miles north of Kermit near the Kermit Jal road. Passengers include Mr and Mrs John Bailey of Santa Fe and their son Royce Ray 14 plus Mr and Mrs LaFayette Gunter of Oak Calif. The Baileys formerly lived in Kermit and were en route home to Santa Fe after visiting relatives.
Wheat advanced after a mid session slump amid expectations of new export business. Severe cold favored buying in new crop deliveries. Wheat rose 14 to 3 percent, corn and oats mixed with minor gains, rye up about 1 percent, soybeans steady, lard lower. Reports of two wheat cargoes to Italy and a possible U S study to export to India amid Korean tensions.
Market summaries show small receipts at San Antonio and Fort Worth with steady to steady and firm prices for several classes. Observer notes demand steady for calves and feeders, with cow and bull prices holding firm. Chicago reports moderate activity and near stable values across cattle and calves.
Rangoon Burma January 30 The High Court refused bail for Dr Gordon S Seagrave known as the Burma Surgeon while he awaits appeal on his high treason conviction.
New York stocks rise with rails upturn while bonds stay steady. Cotton trading paused. Chicago wheat firm on export and mill activity. Corn mixed with modest demand. Oats firm and up with wheat. Hogs active with gains of 25 to 50 cents, tops $22.75. Cattle steady to 50 cents higher, top $4,150.
Fragmented OCR notes describe shipment or carting of cottonseed meal to a location. The text mentions quantities and a potential price or index, but details are unclear. Refer to original page for exact entities and figures.
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