Stock Market Rise Hits Snag On Slow Trade
Market gains paused as trading remained subdued across sectors. Lumber stocks mostly steady with some small moves. US bond activity steady with Pacific Gas & Electric bonds highlighted as new issue. Foreign exchange rates show modest shifts with minor gains in several currencies.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
Europe
France
Italy
Sweden
Switzerland
Latin America
Argentina
Mexico
Grain prices rise on near term demand and ECA shipments
The market shows buying in wheat and corn ahead of holiday demand with near term contracts firming. Soybeans also advance amid strong demand, while deferred wheat and corn contracts slip as traders weigh ECA authorized shipments to Italy and Norway and light corn arrivals.
MENTIONED IN THIS ARTICLE
Economic Cooperation Administration
Italy
Norway
Chicago
Solon Asks US To Wage Peace
Senator Raymond E Baldwin urges Americans to actively wage peace at the 43rd annual American Life Convention in Chicago. He argues the United States must act beyond atomic deterrence and make the United Nations its first line of defense. Thomas W. Phelps adds that risk capital is needed for life insurance portfolios beyond government bonds.
MENTIONED IN THIS ARTICLE
Chicago, Ord
INS
Raymond E. Baldwin
Connecticut
American Life Convention
Chicago
United States
United Nations
Thomas W. Phelps
New York
Francis du Pont and Company
Wallaceites Placed on Arkansas Ballot
Wallace supporters won a place on Arkansas’ general election ballot after Progressive Party officials signed non-Communist affidavits by the October deadline. Secretary of State C. G. Hall noted time constraints prevented court action before filing, and he would not take an arbitrary action.
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Little Rock
Ark
Henry Wallace
Arkansas
Progressive Party
C. G. Hall
National Secretaries of State
Vention
Charleston
S. C
Hall
Pulaski County
Galveston Cotton Prices Steady with Various Grades Quoted
Market report from Galveston shows steady prices across grades with strict good ordinary at 21.40 and strict middling around 31.40. Other quotations include low middle 25.90 and middle 31.15, with good ordinary at 17.90 and middling fair 31.50. Sales listed as None.
MENTIONED IN THIS ARTICLE
Galveston
US Crude Oil Production Falls
Crude oil output in the week ended Oct 2 fell 23 400 barrels daily to 5 367 345. California losses from oil workers strike caxed 19 500 barrels. Texas set a new daily high of 2 481 225 barrels, North Louisiana and Indiana hit yearly records, while Oklahoma and Kansas also posted declines and gains amid varied regional trends.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
The
Oil and Gas Journal
California
Texas
North
Louisiana
Indiana
Kansas
Oklahoma
Sooner Judge Rules Negro Families May Live In White Areas
Oklahoma City district judge Judge Lewis R. Morris refused to enforce racial deed covenants barring two Negro families from a block on the east side. He cited a Supreme Court ruling that such covenants are unconstitutional and dismissed the case. The decision followed a federal ruling declaring Oklahoma's school segregation unconstitutional.
MENTIONED IN THIS ARTICLE
Oklahoma City
Lewis R. Morris
Morris
Supreme Court
Oklahoma
Bastrops Girl To Get Fair Medal
Dorothy Kastner of McDade will be among 14 Texas 4-H Club girls receiving Honor Award medals at the State Fair of Texas in Dallas on October 16. She has led in clothing demonstrations, produced 24 garments worth 2000 dollars, with many home articles and a 99 chicken year, while helping in gardening and home projects.
MENTIONED IN THIS ARTICLE
Austin American Palm Staff
Bastrop
Dorothy Kastner
Dora Kastner
McDade
Texas
Lena Sturges
Bastrop County
Dallas
FFA
FHA
Dorothy
Kastner
Morris
Ivy Ann
College Station
Fort Worth
Lovern
Lovera
Cattle and Hogs Trade Mixed Across Markets
Fort Worth market reports slow cattle and calf movement with hogs irregular and sheep steadier. Chicago numbers show steady to weak cattle demand, with top slaughter prices near 39.50 and lambs around 24.00, while Montana and regional quotes reflect grassier cattle and lighter weights.
MENTIONED IN THIS ARTICLE
Fort Worth
Port Worth
Chicago Livestock
Chicago
Montana
Gardener Sentenced for Plot to Kill Premier
Miroslav Pistek, a gardener in Uherske Hradiste Czechoslovakia, was sentenced by a state court to six years in prison for conspiring to murder Premier Antonin Zapotocky on Monday.
MENTIONED IN THIS ARTICLE
Platter
Uherske Hradiste
Czechoslovakia
Miroslav Pistek
Anton Zapotocky
Taylor Football Star Turns Beekeeper on the Side
Pete Meier, senior at Taylor High School and Duck football starter, built a bee business starting 16 hives in 1945. He faced cotton poison losses in 1946 but rebounded in 1947 with 62 hives, later expanding to Bastrop and back to Williamson County. He earned $115 in Bastrop and $500 later, keeping 16 hives, and notes bees aid pollenization for cotton and clover, benefiting farmers and cattlemen.
MENTIONED IN THIS ARTICLE
Taylor
Pete Meier
Taylor High School
Pete
Leonard
Bastrop
Williamson County
Siam Export Prices Fall in Bangkok Report
The Siamese Ministry of Commerce reports food prices in Bangkok dropped 30 percent and other essentials including clothing fell 18 percent from a year earlier, reflecting broad price declines.
MENTIONED IN THIS ARTICLE
Siam
Bangkok
Ministry of Commerce
Mexico Official to Attend Dallas mural dedication
A Mexican official will join Texas Governor Beauford Jester in Dallas on Friday for the dedication of a mural in the Natural Gas Building at Fair Park. Painted by Dallas artist Perry Nichols, the mural celebrates Mexico Texas friendship and will be displayed during the State Fair.
MENTIONED IN THIS ARTICLE
Dallas
Beauford Jester
Texas
Fair Park
Mexico
Perry Nichols
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