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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Jun 10, 1950
Page
10
San Antonio Fort Worth and Chicago livestock reports show cattle and calves unsettled with limited receipts. Hogs mostly steady with varying weights and sows weaker, while sheep and goats offered minimal sales. Top prices include good fat calves 8.00-30.08 and hogs 19.75 to 20.65 in mixed markets.
New York reports cotton futures up as traders cover and mills expand demand for nearby and new crop. Dallas notes insect damage and boll weevil rise in Texas. private advices cite solid spot demand. New Orleans spot prices hit a season high while Galveston shows steady to firm pricing across grades and locales.
Blue-chip equities rose to fresh highs on Friday with auto, steel, and related stocks leading gains around three points. The market climbed toward a four-year peak as broad trading boosted volume to 2.13 million shares, while profit taking surfaced late but was absorbed.
Four University of Texas faculty members were appointed to posts on the Texas Legislative Council. Dean Page Keeton will consult on the oil industry, Parker Fielder will advise on taxation, Howard Calkins on state agencies, and Millard Rudd on legislation. Austinite C Ellis Nelson was named research supervisor in education.
A June grain market shows a mostly dull session with limited price moves. Wheat and corn barely budged, soybeans edged higher, and oats rose on profit-taking as traders awaited USDA data and government crop reports.
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