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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Oct 24, 1950
Page
3
A turbulent market sees selling pressure dominate with broad declines across major indices. Trading featured heavy volume at around 1.85 million shares as declines spread through utilities and industrial sectors while the Dow fell from session highs.
New York stocks show irregular gains as steel shares rise while televisions lag. bond prices tighten. Cotton climbs with mill buyers active. Chicago wheat dips under selling pressure. Treasury cash prices mixed with small declines. cattle markets mostly steady.
Kansas City Missouri doctors offer a rupture truss for trial at no cost. The device claims to hold rupture without straps or belts and promises comfort. Readers may test for several days and keep a $3.50 truss if satisfied, returning it only if not. Write Physician's Assurance Co. 1842 Koch Bldg Main St to participate.
AP report notes sales and closing changes among the 15 most active stocks. Graham Paige 36, Armour and Co. 22, United States Steel 21, Am Airlines 1, Standard Oil steady at 18, Sunray Oil 16 percent down, Pittsburgh Steel 14 percent up, with other modest moves.
Albany barber prices rise spurring Victor Rosenthal a laundry operator to open a shave yourself shop. He offers mirrors electric razors and a 25 cent service including towers shave lotion after shave lotion and talcum powder. Three new electric razors are sterilized oiled and wrapped after each use.
Dallas officials plan to outfit traffic police with reflectorized gloves to improve signals at night. City council will discuss specifications Thursday, aiming for beams from headlights to reflect off the gloves for better officer visibility.
Mentholated pine oil and germicidal salve claim to ease external itching from rash tetter ringworm chafing and scalp irritation. The notice stresses relief and healing while warning against persistent symptoms.
A tighter cotton supply keeps futures buoyant as traders and commission houses buy, with gains up to 2.60 per bale before profit-taking. About 50,000 bales of CCC cotton hedged today and doubts remain on 1948 stock, while USDA fights to secure larger acreage for a 16 million bale target next year.
The fragmented report shows cottonseed oil futures easing while wool futures move modestly. buyers remain cautious as prices for wool tops and related products show inconsistent action. Strong in some spots, but overall limited activity and unclear earnings.
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