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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Nov 24, 1949
Page
7
Wheat and corn prices drift lower amid profit taking and holiday thinning demand. Soybeans steady to higher on a reported export sale while oats and rye show mixed moves. Cash activity limited with small early purchases, export demand thin and traders eye the Thanksgiving period.
On the anniversary of his death in 1913 Navy Academy graduate turned Army pilot Lt Eric Ellington died in a dust crash at North Island San Diego at age 24. Ellington Field near Houston began construction in 1917 and became first operated airfield for the 120th Aero Squadron which deployed March 28 1918.
YORK Nov 23 AB reports dividends boosted stock trading as buyers returned late in the session. Overall prices showed mostly gains with several leading issues drifting lower after ex dividend moves. Trading volume reached 1.46 million shares, helping a steady market tone despite mixed results among key names.
Livestock markets show slow trade in San Antonio and Fort Worth with cattle and calves weak to steady. Slaughter calves and stockers down 50 to 80 cents, hogs steady to higher, sheep steady with scattered lots and prices mixed. Foreign exchange and wool markets also note activity and price levels.
Cotton futures in New York and New Orleans edged higher and lower within a tight range as trading slowed on the first December notice day. Mills led buying against textile sales while hedges stayed light, with bids seen for remaining stocks destined for China and shipments suspended due to unsettled China developments.
Dallas resident George H. Bollman 55 died after his car collided head on with a truck six miles north of Waxahachie. Bollman worked for Sun Oil in Dallas. his wife broke a leg and son John 14 had minor scratches. Truck driver Joe Bracheen Jr. of Dallas was injured. The Bollmans were en route to Austin when the crash occurred.
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