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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
May 24, 1949
Page
3
The New York market fell to its lowest average in nearly three months as declines in steel sparked broad losses. Industrial, rail and utility stocks led the slide with 573 of 963 industrial issues dropping while only 140 rose. Associated Press average for 60 stocks shed about four tenths. Volume was light as the day ended near session lows.
Palo Alto California May 23 Dr William W Hansen a Stanford physics professor and radar pioneer died Monday just before his 40th birthday He was ill for months death attributed to chronic bronchitis after pneumonia He joined radar work in 1937 and was recently elected to the National Academy of Sciences He is survived by his widow Betsy Ross Hansen and his parents from Fresno California He was born in Fresno and worked during the war at MIT Sperry Gyroscope Laboratory Long Island
In New York on May 23 AP reports cotton futures easing amid scattered liquidation and hedging, with weak demand and little covering against export sales. Analysts note most of about 300000 bales under ECA credits already lit, affecting shipments due by June 15.
Demand for cash grain was fair in Fort Worth on Monday with receipts estimated at wheat 227 cars, oats 8, sorghums 40, corn 10. Prices from the grain and cotton exchange reflected bids offers and midday sales with No 1 hard wheat around 2 34 4, No 2 about 1 24 29, oats No 2 white 85 86 1 2, No 2 yellow 58 61, and other classes listed per 100 pounds.
Mrs. R. P. Stovall, 48, wife of Harlem State Prison Farm dog sergeant, was found slain at the prison farm house around 10 am Monday. Her throat was cut and she had multiple cuts on her right arm. Leopold Gonzales, 24, a Harris County burglar and thief convict known as a trusty, discovered the body in the guard house between the bedroom and kitchen.
Jewelry from the Middle Ages and Renaissance featured gems in wedding bands. Gem settings reflected evolving tastes and status across eras.
May 23 AP report shows wheat largely steady with slight gains for No 2 and No 3 grades and near term futures July and September firm. Corn trades mixed with white and yellow varieties quoted and July futures around 1.31. Oats mostly down discretionary bids seen for No 2 and No 3. Barley and rye pricing listed alongside kafir margins.
May 23 livestock reports show steady to weak demand across San Antonio Fort Worth and Chicago. Cattle steer and calf prices eased with load lots slow while hogs rose modestly and sheep and goats remained mixed amid thin trading.
A 21 year old Boston woman Eve St. John Ivanya, a magazine crew salesman, paid fines and court costs totaling 71 dollars and refunded several worth less checks here and in San Marcos after arrest in Beaumont on swindling charges. She was returned to Austin from Beaumont by county investigator George Pope and city detective Marion Lee.
The body of First Lieut. William H. Driskill of San Angelo and Amarillo, killed Friday in a jet plane crash in Arizona, is being sent to Amarillo for burial at Claude. His parents, Mr. and Mrs. C. C. Driskill, previously moved from Amarillo to be with another son, T-Sgt. Forest Driskill, stationed at Goose Field.
Dallas rider Jack McDonald, 31, biked 250 miles from Dallas to Houston in 13 hours 37 minutes for a lark. He said he would return home by bus. The informal stunt was staged Monday with McDonald describing it as a spur of the moment ride.
Camp offers ranch and outdoor activities including physical development equitation hiking cooking and handicraft. Noon meals provided. Enrollment limited to 25 for five weeks starting June 6.
Frankfort Distillers Corp of New York markets a fine blended whiskey at 90.5 proof composed of 60 percent grain neutral spirits.
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