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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Jun 03, 1949
Page
21
New York June 2. AP reports a steady security market with slight gains and little change across sectors. The industrial group rose while rails dipped. utilities remained unchanged as traders await a potential break from market resistance in a long postwar context.
In Pasadena on June 2, Dr. Ira Bowen announced the 200 inch Hale telescope mirror has been removed from its mountings for final grinding. About six months are needed to grind 20 millionths of an inch from the outer edge. The work, in Mount Palomar Observatory, uses a hand controlled power grinder with periodic reassembly for testing.
Fort Worth teenagers led by Conrad Kalmbacher of the Junior Catholic Youth Organization aimed to file as complainants to prompt a county grand jury review of obscene and sexy literature sold on newsstands. They planned discussions with District Attorney Stewart Hellman to pursue the action.
Chicago and Fort Worth reports show wheat in decline on June 2 as traders weigh storage for the new crop. Arthur Stoddard of Union Pacific warns Kansas storage could hold only about 10 million bushels, risking government loan qualification and possible dumping on the free market. Prices for soybeans, corn, and oats moved modestly, with general selling pressure limited by lighter activity.
Lockhart4 H Club delegates attend a four day encampment in Beeville with members from Lytton Springs Uhland Maxwell McMahan and Rogers Ranch. Attendees include Patsy Strawn Maurine Herbert Virginia Ohlendorf Patsy Ogletree Ruth Wilson Lillian Alex Betty Moore Margie Cole Zorada Petty Jeanie Wranitzky Doris Wranitzky Patsy Sites Beth Bodemann Barbara Engleke Nancy Loep and others.
Cotton futures in dull New York trading slipped and rose with scattered selling tied to export demand. July and October contracts moved within small ranges as mill sales pressured nearby positions. New Orleans prices closed with gains amid short covering. Wool and grain markets also showed softness and limited demand.
Florence area farmers led by William son County representative William Williams apply for the free cotton classification and market news service. 63 farmers plant about 4000 acres, Dowden variety dominates. July 1 deadline for applications. county men urged to obtain forms from the county agent or USDA Austin.
San Antonio reports cattle receipts around 200 head with limited offerings. Prices show calves steady to mixed, cows and bulls steady, hogs firm with good and choice at 180 to 270 pounds and sows mostly lower. Sheep and lambs show slow movement with lambs steady to weak and shorn wethers around 11 to 11.50. Fort Worth and Chicago markets mirror light cattle and steady to higher beef values.
The Agriculture Department asked the Maritime Commission to use laid up Liberty ships for emergency wheat storage as part of the government stock buildup under the farm price support program. John E. Tripp, grain branch official, said plans now call for conversion of space aboard selected ships.
The effort aims to store three to five million bushels of grain on merchant ships tied up in the Hudson River at New York as part of wartime logistics.
New York June 2. James V Forrestal former secretary of defense left an estate exceeding 560000 dollars. His will filed for probate establishes a 500000 dollar trust for his widow.
Vice President Barkley will keynote the Democratic Party farm conference in Des Moines on June 13. President Truman will be unable to attend according to officials.
The House passed a resolution to authorize the President to designate June 14 as Flag Day and sent it to the Senate.
District and justice court notices show divorces and civil suits filed, including Ayers divorce actions and multiple swindling and assault cases. Marriage licenses issued for several couples and new car registrations listed by the county collector.
A Cub Scout group, led by den mother Mrs. Charles Urbanek, rode Missouri Pacific's Eagle Fiver to Austin. They were recognized over the loud speaker in the Texas House and Senate, then paid a courtesy call on Governor Beauford Jester at his home. Passengers included Eugene Parrett, Leroy Braun, Edmond Urbanek, Jimmy Campbell, Willie Schlickeisen, Calvin Hill and Sammy Basco.
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