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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Jun 24, 1949
Page
12
In a weak session on Thursday on the Chicago Board of Trade grains soybeans and lard declined. Wheat corn oats soybeans and lard fell with limited interest and pressure from harvest hedging and weak cash markets. Cash bids showed No 2 yellow soybeans at 2.38 a bushel with mixed bids for other grain.
Cotton markets eased Thursday as profit taking and near term liquidation pressured July contracts. New York prices fell up to a dollar per bale, while spot and export markets stayed quiet. A private survey warned Eastern and Central belts face crop setbacks from rains, and certified stocks fell to 19,430 bales.
The market rose to its highest average in three weeks with the Associated Press 60 stock index up 0.5 to 59.9 as about 730000 shares traded. Gains came amid lukewarm buying with the industrials leading, rail and utilities close behind and notable moves in Reo Motors and American Hide & Leather.
Atlanta police report a spree including eight cartons of cigarettes two cartons of chewing gum and a water can stolen from a service station. At A G Johnson’s home two fishing rods reels and a tackle box with twenty plugs were taken. The humor implies criminals seek a getaway.
More than 850 drayage and wholesale grocery truck drivers helpers and warehousemen walked off the job in New Orleans on Thursday. The walkout was called by Local 270 AFL and Local 226 CIO to press for a pay raise.
San Antonio market reports show cattle and calves slow with uneven demand. Prices ranged with load avg medium steers around $22.00 and common calves $17.00 to $17.50, while hogs and sheep varied in Fort Worth and Chicago markets with higher activity on some classes. Cattle and hogs saw mixed movement as stockers and feeders adjusted to current trade conditions.
An armed thief robbed a St. Louis sandwich shop of $50. The bandit flashed a gun and handed a note reading This is a step-up to the counterman Marvin Allen, who described the incident as a straightforward robbery.
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