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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Nov 13, 1948
Page
7
Old crop deliveries were firm while new crop shipments were easier to profit take. Cotton futures rose sharply on buying, with nearby prices around 31.70 to 31.76 per 31.5 pounds. Middling spot at 32.276. Market showed late strength as short covering and steady declines in some months.
The Austin American notes continued stock weakness after elections with narrow turnover and modest gains in some issues. The Dow Jones industrial and rail averages show little movement as 1,038 issues traded with 522 up and 274 down while leaders include United Aircraft and Texas Co amid overall sector stability.
Grain futures drifted up slightly on Friday after early losses tied to record crops and an East Coast dock workers strike. Wheat led gains as traders eyed potential higher prices, while corn and oats saw smaller moves. Cash grain prices in Chicago and Fort Worth also showed modest changes, with traders noting flour demand and export risks from the strike.
The International Typographical Union will file sworn statements in Indianapolis next Monday showing compliance with the Taft-Hartley Act. ITU officials including secretary-treasurer Don Hurd said they will follow the court order issued by Judge Luther M. Swygert at Hammond. The move comes after a contempt decree aimed at ending closed shop practices in negotiations with newspaper publishers. Clarence R. Martin, ITU attorney, confirmed the Indianapolis filing plan.
Dr Mont Follick a labor MP quoted Generalissimo Franco saying Hitler offered him slices of France if Spain joined the Axis Franco told newsmen he refused Follick said he had a 90 minute interview after returning from Madrid delivering the statement from Franco to reporters
KINGSVILLE, Nov. 12. The South Texas Fair and Exposition will run Sunday as well after bad weather reduced crowds on Tuesday and Wednesday. Fair officials said the rescheduled extra day was added to accommodate attendees, with an estimated 25,000 attending on the previous day.
In San Mateo, Shah Nasib, famed rug maker, claims Princess Elizabeth will bear a girl. He cites a 10 year record of 34 correct out of 36 local births and 80 of 86 movie star births. He says he never met Elizabeth but predicted the gender on her 1947 marriage day.
A. E. Lawson 61 year old MKT telegrapher was trapped with his head between a wall and a stove for over 17 hours in his Fort Worth apartment after a Thursday fall. He was rescued Friday morning by ambulance attendants after his neighbor found him. He suffered paralysis on the left side, exposure, and bruises, with doctors suspecting a stroke.
In Dallas on Friday union officials said 79 independent grocery stores approved a $5 weekly wage boost for butchers. The pact coincides with contracts with Safeway A and P Wyatt stores ending a five day strike by about 450 workers.
Gladewater's only major hotel was reduced to rubble by an eight and a half hour blaze. Firemen brought the blaze under control at 11 am.
James Pink McDonald a 59 year old Southern Pacific employee died after falling between two freight cars in Beaumont on a Friday incident. He had worked 29 years with the railroad.
The New Orleans market report shows middling 15-16th inch cotton at 31.53 cents per pound, averaging 31.15 cents over 30 market days. Other quotes list good ordinary at 18.00, strict good ordinary 21.50, and various mids at 26.00 to 31.60 cents, with no current spot sales.
Kerrville honors Armistice Day with the first public appearance of the Texas State Guard Air Corps Reserve A flight. Lieutenant Colonel Robert I Wilson says Kerr County forms Texas first unit. Captain Robert E Sieker commands the flight along the parade route with officers Roy Morris Russel Pauley Walter Beach Eugene Stieler Louis Vansant Lee Taylor Jr. Billie Adams John B Brown and Francis H Swayze.
Rev C E Bludworth of Shettles Memorial Methodist Church plans morning sermon The Task of Our Religion and 7 pm topic Americas Patron Saint Special music will be provided at both Sunday services to mark the day
Allan Sproul president of the Federal Reserve Bank of New York told Dallas bankers there is no sign of a sharp business slump. He noted leveling off in activity and prices with weak spots in separate parts of the economy and rapid adjustments overall.
Walter Chick Westerman, a veteran Harris County corporation court clerk, died at noon Friday in a Houston hospital. He was 59.
Reports show beef sales steady to weak with varied quotes across cattle calves and hogs. Chicago prices reflect slower demand with hogs mostly steady to down and slaughter cattle and calves uneven, noting weak slaughter lambs and scarce feeder demand.
Kerrville reports plans to rebuild the Heart o Hills Inn after a Sunday fire destroyed the 30 room lodge. Mrs Harold Byrd, owner, says reconstruction will begin soon, the inn enlarged, with completion hoped for next summer.
All Burnet churches participated in a Memorial service on Thursday under the Burnet American Legion Post. The service was in the new American Legion Building, built by legionnaires from Camp Swift materials. Dedication for the hall is set for November 20.
The Methodist youth fellowship of Giddings will sponsor a clothing drive Monday from 7 to 8 30 p m for needy families overseas. Lena Ann Fariss Carolyn Longley and Dorothy McKeon are receivers of clothing in the drive.
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