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Austin American in Austin, Texas

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Newspaper

Austin American

Location

Austin, Texas, United States of America

Date

Jun 07, 1949

Page

11

Stock Mart Holds Late Stand After Plunging to 2 Year Low

The stock market rallied late Monday after a sharp dip to a two year low as turnover topped 1.38 million shares. The Associated Press 60-stock index fell to 59.3, with 816 of 1,085 issues down and 85 up amid broad declines and mixed hints of renewed resistance.

Stock Mart Associated Press Wall Street US Steel General Motors Chrysler Anaconda Kennecott Tire Douglas Aircraft Twentieth Century-Fox Studebaker Oliver Corporation Howe Sound Schenley International Telephone American Smelting American Can Westinghouse Electric Johns Manville Philip Morris Radio Corporation Ants Fe Southern Railway Pennsylvan R. A Baltimore & Ohio Standard Oil

Slaughter Steer Weakness Felt In San Antonio

San Antonio reporting weaker undertone in cattle and calves with steady to mixed prices. Slaughter steers around 1200 pounds traded near 24 dollars, 600-650 pound yearlings at 23.50 to 24, cows 16.75 to 18.50, canners 13 to 16, bulls 17 to 22.50. Hog and sheep trade mixed with gains in some fat hogs and spring lambs around 27 to 31 dollars, goats uneven. Fort Worth and Chicago markets also described with varied cattle, hog, and sheep activity and prices.

San Antonio Fort Worth Port Worth Chicago Livestock Chicago USDA

Grains and Soybeans Turn Weak on Board of Trade

Weak action in grains soybeans lard and corn on the Board of Trade with futures sliding to new lows for November and December contracts. Wheat led the decline amid hedging pressure. cash wheat remained firmer in the Northwest while Texas offered new crop wheat loaded to Kansas City. Fort Worth cash grain demand was fair with several carloads described and Chicago cash grain showed scarce wheat but weak corn and soybeans as elevators resisted high moisture grain.

Board of Trade Northwest Texas Kansas City Oklahoma Fort Worth Grain and Cotton Exchange Texas Common Points Texas Gulf Ports Brooxhamm British Grain Authority Europe Central States

Cotton Futures Decline After Small Losses in NY Trade

New York June 6 AP cotton futures eased narrowly in near term July contracts as selling pressure eased. Prices closed 10 to 25 cents per bale lower after brief firmness on active buying and short covering. A leading spot firm moved about 4,000 bales of nearby July futures amid quiet hedging and export activity. Weather across the cotton belt remained clear and favorable for the crop.

New York Sydney Japan Newcastle Nominsi

Rauscher Pierce & Co Investment Securities Ad

Rauscher Pierce & Co offers investment securities services at 315 Capital National Bank Building with contact phone 6 8649 for client inquiries and brokerage support.

Rauscher, Pierce & CO Capital Nat. Bk

Average Spot Cotton Prices and Wool Markets Report

The survey reports middling 15 16ths cotton at 3246 cents per pound across 10 Southern markets. Wool markets in New York show steady activity with Australian demand and Newcastle results. top futures mostly unchanged with minor shifts.

New Orleans

Lamar Boulevard Closure For Rail Work Nights

Lamar Boulevard between West Fifth and Robert E Lee will close to traffic Tuesday and Wednesday nights. The closure runs about 9 to 10 p m each night and the road reopens at 7 a m.

Also Mentioned on This Page

Moe Robbins Calvert Reserve ED K. Young Calvert Calvert Distillers Corp New York City Interior Movement Memphis Augusta Ce Little Rock Dallas Fi Montgomery England Foreign Exchange Great Britain Und Britain Italy Sweden Krens Airlines Anaco Avco Air Goodrich Houston Oil Lockheed Ee Mey (Jc Eeee Ips Republic Steel Ee Eee Sinclair Ee Eee Ony Ac “Ee Tex Gulf Woolworth AT & SF P Penn RR Fine Tex Co Ark Nat Gas A C— Citices Service el Bond & Sh Humble di Coaliginas Lone Star Gas Mober Ener Employers Casualty Co Colorado Street Weather Bureau New York Wool Savannah Ouston Roper — Estate Garland — Chambers Congress Austin Hydro Gas Co., Inc Austin Central Superior Dairies Viranezed Om Ogenizen Dairies Lamar AY Lon Fire Insurance VU Arm Saed Ath Stree Fred Hauer Atkins Ave Lancaster, Pa Hauers Atkins Avenue Lancaster New York Stock Exchange Hamilton Watch Company Iew Stock Exchange Broad St New York 5 The PI Vaale Sth Lavaca
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