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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Mar 17, 1949
Page
5
The Rev. James I. McCord dean of the Presbyterian Theological Seminary will speak at the Lions Club luncheon in the Stephen F. Austin Hotel on Thursday. His topic is A Challenge to the West and Everette Kelly, the day’s program chair, will introduce him.
New York market trends show mild selling lowering stock prices at the close with the Dow Jones average down about one point. Turnover drops to 670000 shares. 195 issues on the tape show 226 advancers and 454 decliners, led by firms like Paramount and Republic Steel amid dividend news. Foreign exchange rates steady with minor shifts across major currencies.
Chicago reports a late selling wave across grains with wheat futures dipping below 1.90 a bushel. Corn, oats, rye, soybeans, and lard move lower or steady amid shifts tied to wheat, Canadian policy, and cold storage stocks. Rock Island Railroad released a 567,465,000 bushel state production estimate. Fort Worth cash grain and Kansas City prices noted with mixed results.
San Antonio reports moderate activity with cattle and hogs steady across classes. Beef and dairy cattle, calves, cows, and mixed stockers show varied but steady demand. hogs gain to about 21.75 for top 170-220 lb, with lighter weights and sows also firm to higher. Separate markets in Chicago and Fort Worth show similar strength in slaughter cattle and feeder cattle, with lambs and sheep trading firm to higher.
Spot cotton closed steady with declines of five points. Quotations ranged from good ordinary at 10.05 to middling fair at 32.90. Sales totaled 705 bales, with F. O. B. activity noted.
An old advertisement promotes Carter's Little Liver Pills as a remedy to stimulate bile flow and relieve digestive discomfort. It claims the liver should produce two pints of bile daily and touts the pills as effective for improving digestion and mood, priced at 33 cents.
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