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Austin American in Austin, Texas

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Austin American

Location

Austin, Texas, United States of America

Date

Mar 14, 1950

Page

5

McGrath accuses A and P of misrepresenting civil suit

US Attorney General J Howard McGrath charged the A and P Chain Store organization with misrepresentation in full page ads in 2000 newspapers. Speaking to the United States Wholesale Grocers Association, he said the civil case seeks to end practices found to violate antitrust laws by restructuring A and P into independent units, separating manufacturing from retail, and dissolving the Atlantic Commission Company.

McGrath A&p Chain Cincinnati J. Howard McGrath A&p Chain Store Department of Justice United States Wholesale Grocers Association A&p Department A&P’s Atlantic Commission Company

Senate approves doubling federal bank deposit insurance

Washington March 13 The Senate passed a bill to raise federal insurance on individual bank deposits to 10000 up from 5000 and send the measure to the House The change would cut insured banks assessments and distribute refunds from 60 percent of excess income to member banks reducing future costs by about 55 percent.

Washington Senate House Federal Deposit Insurance Corporation Senate Banking Committee

Extra-Fast Headache Relief Advertisement Card

Headache relief promises fast acting BC powders or tablets with a multi-ingredient formula. Both powder and tablet forms available, two tablets equal one powder, priced 10c and 25c. Contains neuralgic and minor muscular ache relief claims with directions to use as directed.

Cotton Futures Edge Higher After Early Dip

New York buyers and short covering trimmed losses as cotton futures closed slightly up after an initial dip. Final prices rose 20 to 60 cents a bale amid light liquidation in old crop contracts due to weak textile demand and near term expiration. New crop months held steady in New Orleans with local buying and concerns over reduced acreage and possible heavy weevil infestation. Korea entered the market for April May shipments of American cotton.

New York Aaron New Orleans Korea

Galveston Spot Cotton Prices Reported March 13

Galveston spot cotton closed steady with gains for middling and good middling values. New Orleans early futures dipped then rebounded on short covering. spot prices around 31 cents per pound for middling and 32 to 34 cents for higher grades. Average Southern spot market price shown around 31 cents, with receipts light and stock figures listed.

Galveston New Orleans Arch

Stock Market Slips As Narrow Session Sees Weak Carriers

New York March 13 AP stock market opens weak with carriers dipping fractionally as earnings fail to excite investors. AP index steady at 73.4 while rails retreat 0.3, utilities drop 0.1 amid a 1,065 issue day, 364 advancers and 409 decliners. trade volume 1,060,000 shares, strongest gainers include Laclede Steel American Telephone Boeing and International Paper. notable declines hit Studebaker and General Electric among others.

New York Balis Associated Press Childs Company Columbia Gas Laclede al Va. Ys Steel American Telephone Boeing Philco My American Smelting Merican Can International Paper American Tobacco Sinclair Oil Barnsdail Oil Johnsonville Xeustown Sheet Ube Jyster Studebaker Goodrich Ontgomery Ward Distillers Corporation Seagrams Admiral Corporation Emerson Radio Zenith Kennecott Copper International Nickel Bio DuPont Generalectric Philip Morris New York Mtral Chesapeake and Ohio Union Gas of Canada Philadelphia Couny Lionel Corporation Harvestine Consolidated Gas and Electric Baltmore Pancoastall Allied Products Arkansas Natural Kaiser-Prager

Reds Purge Gum Chewing Workers at Radio Berlin

West Berlin sources report 50 people were fired from East German Radio Berlin in a purge against American chewing gum culture. Most transfers live in West Berlin. The action followed the firing of a Swiss music director blamed for boogie woogie barbarism and not recognizing Soviet musical influence. Radio Berlin’s US jazz programs remain very popular in Berlin and East Germany.

Berlin INS West Berlin Radio

San Antonio Child Killed by Truck

San Antonio reports a fatal accident as Ester Angiano, age 3, was run over by a truck late Sunday. Police said the incident occurred in the city, with no further details available at press time.

San Antonio Ester Angiano

All Stock Types Steady to Strong On Bexar Market

San Antonio market notes March 13 show cattle and calves steady to strong with active slaughter and feeder classes. Prices list load lots and range by weight, including yearlings at 2600, cows 16.50 to 19.50, hogs higher, sheep steady, goats active with varied Angora values. FORT WORTH LIVESTOCK also reports strong cattle and calf demand with higher prices, and hogs and sheep largely steady. Foreign exchange rates also provided for major currencies.

Acties Aes Bexar San Antonio Federal Mkt Fort Worth

March Wheat Soars To New High On Market Rally

Chicago wheat prices surged to new highs as March futures jumped 35 cents amid renewed buying from short sellers. Soybeans and oats showed mixed moves, while cash grain demand appeared fair in Fort Worth with receipts led by wheat and corn.

Sone Icago Ondeyarch Mayang Fort Worth Grain and Cotton Exchange Texas Texas Gulf Ports Chicago

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