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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Mar 07, 1950
Page
8
Export demand pushes wheat up to two cents higher, with futures hitting new highs. Corn and oats show mixed moves, while soybeans face profit taking as markets react to international buyers and potential moisture delays.
Cattle 2600 calves 2400 at San Antonio. market moderately active slaughter classes steady to weak. Hogs 600 active. sows and feeders mixed. Sheep 500. lambs steady to higher with some sales up. Fort Worth reports 3000 cattle 900 calves. market steady to weak with feeders and cows varying. Hogs 3000. prices up 25 cents for some lots. Sheep 2700. slaughter lambs steady to higher with strong demand on certain lots.
The perfect suit blouse with deep tucks in silk like crepe offered in blue pink lime magnolia and white. Sizes 32 to 36 from Blouse Shop on the first floor.
AP reports currencies show little change across markets. The Canadian dollar, British pound, and other major rates remain near prior levels with minor shifts in some quotations.
Joe Dennis and Oneus Dick purchased the Ranger Daily Times and Eastland Daily Telegram from Walter Murray of Mineral Wells. They have operated the papers for a year under a partnership lease, with Dennis continuing as Ranger manager and Dick as Eastland manager. Dennis has served the papers nearly 19 years and Dick three years.
Steel output in the week reached 73.5 percent of capacity, down from 73.7, totaling 1,401,100 tons of ingots and castings. The American Iron and Steel Institute notes the coal strike’s impact, despite miners returning to work. In prior periods, capacity was higher: 91.5 percent last month and 101.4 percent a year ago.
In Commerce Ottawa County deputies stopped a marble game at 2 30 a m under a streetlight. Three players, all under 10 years old, were sent home. The incident was labeled as a routine enforcement of a minor gathering.
New York traders faced heavy selling as commission houses liquidated and mills bought, keeping futures down to about a 1.20 per bale loss before a late rebound aided by aggressive mill demand and short covering. Technical factors and near term delivery doubts compounded selling pressure across the market in early March.
Galveston and Houston report spot cotton at 10 up with middling 31.90 per bale and sales of 640 and 4562 respectively. A Chicago AP dispatch notes Southern markets show an average midsized increase, with prices around 30.60 per bale for standard lint.
A 34 year old ex convict confessed to being one of two bandits who stole 40000 in jewels from Mrs. W. W. Shortal, wife of a Dallas doctor. He identified himself as Clarence A. Lawrence alias William Trent Jarrette, a fugitive from Ohio and Kentucky. He and Lester Bennett allegedly fled Cincinnati jail two months earlier.
Plans for Armed Forces Day May 20 were formed at a Brooks Air Force Base conference. Major General Alden R. Crawford, commander of the 12th Air Force, coordinates the five-state observance with Air Force Army and Navy officers. Civilian and military agencies will jointly sponsor ceremonies across 21 principal cities in Texas Louisiana Arkansas Oklahoma and New Mexico.
The stock market closed lower after persistent selling trimmed gains across industrials and rail stocks. The Dow bobbed around 74.2 with mixed results in steel, coal, and auto shares while rails and utilities led declines and the bond market shows small shifts. Wool markets in New York and Melbourne remained steady with minor price adjustments.
A general accounting officer labeled the Citizens Committee for the Hoover Report ignorant about the federal accounting system. Frank Weitzel warned the Senate executives expenditures committee that the group lacks desire to learn about progress toward approving reforms while Dr. Robert L. Johnson urged Congress to step in and clean up the accounting mess. Hoover testimony is set for Tuesday as reforms and a new accountant general face opposition from War ren Pace and Snyder.
Oscar Straus, the Vienna born composer, celebrated his 80th birthday in Paris on Monday while continuing work on a new operetta, proving he remains as active as ever in his long career.
The League of Red Cross Societies formed in 1919 now includes 68 member organizations across nations, reflecting growing international cooperation in humanitarian relief efforts.
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