Stocks Fall From Four Year High Amid Broad Declines
Stocks slipped from a four year high as trading narrowed to fractionals and volume rose to about 1.79 million shares with most losses centered in steel and transportation groups. The Associated Press average dropped about 60 points to 77.7 as gains and losses varied across many issues including General Motors and Chrysler while some rail and energy names steadied or fell.
MENTIONED IN THIS ARTICLE
Associated Press
Man
Rajis
Cediremen
Becauer
General Motors
Chrysler
Studebaker
Youngstown
Endard Cap Binaar
Petraietm
Bertricare
Cities Service
Pantenec itney-Bowes
Raytheon
Ureday
Live Stock Market and Livestock Prices Report
Cattle and calves show steady to higher prices with steers yearlings and cows up. Hogs and sheep demand remains solid with feeders and sows steady to higher. cattle and calf totals indicate a robust market with notable price ranges across weight classes and regions.
MENTIONED IN THIS ARTICLE
Fort Ms
Xeral
REA Stays Busy Power Lines Reach Global Scale
The Rural Electrification Administration financed enough power lines in 1949 to reach seven times around the earth, underscoring nationwide expansion of electrical infrastructure and rural electrification efforts.
MENTIONED IN THIS ARTICLE
REA
Rural Electrification Administration
Soybean Market Slump Amid Trade Turbulence And Shifting Deals
Soybeans drop 5 to 10 cents per cwt with futures and cash markets unsettled by a Manchurian exchange plan and government loan withdrawals. Traders note government price offers and May redemption rules while overall grain prices move on wheat oats and corn. market activity hints at producer withdrawal from loans and renewed demand signals.
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Seles
Manchuria
Japan
Saturn
Ces
Fort Worth
Rain Corms Exchange
Texas
Texas Gulf Ports
Cotton Futures Fall Sharply In Late Trading On Liquidation
Cotton futures in New York slumped on Friday amid fresh liquidation and hedge selling, with declines stretching to 85 cents to $1.40 a bale before a partial rebound. Memphis reported improved mill interest for spot cotton, while New Orleans futures and spot prices also eased.
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New York
Memphis
Worth Street
New York Cotton Exchange Service
el Paso
Texas
New Mexico
New Orleans
Spot cotton market closes steady in Galveston
Galveston on May 12 reported spot cotton closing steady with various grade quotes: good ordinary at 22.20, strict good ordinary 24.20, low middling 26.20, strict low middling 28.10, middling 32.10, strict middling 33.10, good middling 33.20, strict good middling 33.20, middling fair 33.20, with sales noted but not detailed.
MENTIONED IN THIS ARTICLE
Chase
P Bowd
AR Sap Erns
New Orleans
Galveston
Hospitals Welcome Visitors for National Hospital Day
Large crowds of Austinites toured Brackenridge Seton and the Austin Travis County Tuberculosis Hospital on National Hospital Day. Brackenridge reported a "quite a crowd" touring operating rooms children’s wards and planned summer additions. Seton showed the film Girls in White to nurses and visitors, while the tuberculosis hospital hosted guests touring the facility and visiting patients.
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