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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Nov 01, 1949
Page
6
Cotton futures moved higher in New York and New Orleans amid limited arrivals and fresh weather warnings. Traders cited short covering and speculative demand pushing prices above prior levels while supporting factors included delayed harvests and downstream demand for staple cotton in various markets.
Four people died and four were injured in a car collision eight miles southwest of Hale Center on Sunday. Maregilde L. Gaytan of Lubbock 50 and his 2 year old daughter Nuevens Gaytan perished. Greemor Castillo 53 and Robert Jackson Ritchey 69 died later in hospital. Survivors included Mrs Gaytan and Two Martinez 19 who were injured.
Livestock sale progresses with slow action and mixed pricing. Cattle and calves show limited demand, with some classes steady while others slip. hogs and sheep also uneven, heavy calves and top vealers trading near upper ranges but overall values softer.
NY Oct 31 AP A stock market setback follows reports of a possible steel strike break. Steel shares fell at times but closed with narrow gains and losses as investors priced profit taking and wary sentiment. Major issues including Republic Steel, Jones & Laughlin, and U S government securities influenced activity amid mixed earnings news and curb market shifts.
Attorney General Price Daniel ruled the West Texas Teacher College may accept funds and erect a chapel on campus but the chapel must not be for exclusive use by any sect denomination or religion. Control of the chapel must stay with the college board.
Wheat futures drift lower as estimates show ample supply and quiet export demand. Traders noted elevators hold large contracted stocks while December deliveries loom, and corn and soybean prices fluctuated alongside stagnant lard and cotton prospects in the market.
Salt Lake City hosts the 18th National Reclamation Association meeting as J. E. Sturrock of Austin criticizes the Southwestern Power Administration for prioritizing power over domestic water needs. California director Charles L. Kaupke also denounces federal control of Pine Flat reservoir.
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