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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Jun 21, 1950
Page
6
San Antonio and Fort Worth report cattle and calf receipts with price ranges for all classes. Hogs and sheep show steady to weak trends, with steers, cows, and stockers priced across multiple weight brackets. Chicago notes slower hog demand and mixed cattle activity, with varied prices for slaughter, feeder, and steer lots.
The South African Communist Party announced on Tuesday its decision to dissolve immediately, reporting the leadership and membership will cease as of the announcement date in CAPE TOWN.
New York trading ends with shares near day’s best, radio-television stocks rise modestly while General Motors US Steel and others fall early. Volume climbs to 1,470,000. losses stay fractional for most of the session. Cotton prices in New Orleans rise to 33.59 cents per pound for middling 15-18 inch spot.
L. J. Van Laeys, 63, vice president and general manager of the Wilkes-Barre Publishing Company, died Tuesday at his Kingston suburban home after a long career in the newspaper business in Wilkes-Barre and surrounding areas.
New York June 20 AP Cotton futures turned strong in late dealings as traders bought and covered short positions. Final prices rose 60 cents to 1.25 a bale from the previous close, hitting new intraday highs. Demand was mainly from mills covering against textile business while the export picture remained quiet.
New York wool markets drift lower as commission house profit taking and weak spirits ease demand. Wool tops and futures traded smaller, with notable bids and several month contracts listed, including July and October levels and certificated spot rates.
Councilman W. T. Johnson urged an east-west crosstown street for South Austin. He plans to seek funds in the forthcoming mult million bond issue to extend East Monroe Street to Parker Lane, closing a gap on the city’s south side. East Monroe now ends at Travis Heights Boulevard.
General buying activity lifted grain prices on the Chicago trade board as corn led gains amid eight country offerings. Wheat and soybeans showed strength with firm cash basis and aggressive commission house buying, while Kansas City futures posted modest moves across corn and oats.
Hoboken New Jersey June 20 Mrs Dolly Sinatra mother of singer Frank Sinatra hummed a few bars of Maybe when asked if she would run for Hoboken City Commission. She said she has not decided about accepting the candidacy and noted her husband is a fire captain.
Edwin J. Dingle, once near death in the tropics, says a Tibet mystic granted him knowledge that healed him and brought wealth and fame. He plans a 9 000 word treatise offered free to readers of this paper through The Institute of Mentalphysics in Los Angeles, limited copies available.
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