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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Nov 07, 1950
Page
13
Stocks fall sharply as war fears ripple through the market. Trading shows a broad decline with major indexes down and a large number of shares losing value. The decline comes as investors weigh potential diplomatic moves and government intervention amid tensions overseas.
Chicago reports show grains rising on the board of trade after official recognition of reports linking Chinese Communists with Koreans. Wheat and corn climbed, soybeans and oats gained, while selling emerged near the close. Prices and bids fluctuated as market activity slowed.
An unclear OCR snippet mentions wool futures and market terms, referring to the raw wool market and certified tops amid possible price movements. The fragment references dates, locations, and futures activity but lacks coherent details or complete names.
Houston police report a fatal truck crash Sunday killing John Bert Pilgrim 35 and seriously injuring Cecil Reginald Casey 31 when the half ton truck they rode in overturned after losing control while passing a car.
New York stocks weaken as Korean news spurs selling. Bonds falter with rails and convertibles leading declines. Cotton steady amid mills buying. Chicago Wheat firm on old crop. 1951 crop strong. Corn and oats rally on war developments with gains trimming at close. Hogs down mostly 25 cents. top $18.90. Cattle steady. top $34.00.
Harry Newman Morris, 65, veteran real estate man and retired railroad inspector, died Monday in Houston. He had lived in Houston for 50 years.
Fort Worth livestock sales show cattle active and steady to higher with calves up to $1 notes. beef and feeder cattle mixed with top prices near 34.00 for select fed steers. Slaughter cattle and yearlings steady to firm. sheep and goats steady with some higher bids, overall robust demand across classes.
Market data show prices down about 5 cents with mixed signals from crop forecasts. Officials project a crop about 250 000 bales above October estimates while private surveys suggest larger gains, and hedge pressure margins the final hours.
Manila reports Miss Martine De Guzman, 30, wounded in a Bulacan Province crossfire between Philippine army troops and Hukbalahap guerrillas. Doctors found a 30 caliber machine gun bullet embedded in her hair, which saved her from more serious injuries.
Galveston spot cotton closes steady with gains nosedived by holiday. New Orleans spot falls 50 cents per bale while middling grades around 40 cents. Average spot price across southern markets sits near 40.23 cents with modest futures upticks and thin trade.
The ad touts no shift driving with Powerglide Automatic Transmission and 105-h.p. Valve-in-Head engine and standard Valve-in-Head with Silent Synchro-Mesh. It claims Chevrolets satisfy owners from ten to twenty years and more, boasting over a million on the road. Features include Center-Point Steering, curved windshields for visibility, Fisher Unisteel construction, and hydraulic brakes. Come in and see today.
Funeral services will be held here Tuesday for W. P. Sutherland, 72, retired insurance man and civic worker.
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