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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Oct 27, 1948
Page
10
Investors pushed stocks up slightly on improving demand while trading showed uneven interest. Chrysler and Studebaker led gains while Lae board issues and bond activity drew little enthusiasm. US governments held steady as foreign exchange rates hovered with minor moves across currencies.
Trade in grains shows steady demand with CCC purchases of 280000 bushels boosting soybeans while corn prices rise on speculative offers. Oats and rye see smaller gains amid light trade. lard strengthens on higher hog market activity while harvest weather remains favorable but pressure persists.
San Antonio cattle market shows active, steady trade with calves mostly dull or down to 50 cents to $1.00 lower. stocker calves steady. steers around $24.00. cows $12.00-$15.00. butcher weights $26.00. feeder lambs $13.00-$16.00. goats steady. Sheep demand 2,000 head. ewes and wethers mixed to slaughter values around $7.50-$8.50 for common grades. goats and kids sold with moderate activity. Fort Worth句 livestock report notes higher cattle and calf prices, hogs steady, sheep around steady, with general strength in slaughter cattle and calves.
The Navy newspaper Red Fleet announced the death of Rear Admiral N. V. Antonov commander of the Amur River flotilla. He served in the Baltic during the war against Germany.
Western Germany will have normal telegraph service restored to all parts of the world on November 1. Japan and Spain remain excluded.
Galveston spot and futures show firm demand with wool tops and by products buoyed by Australian buying. Prices rise across contracts with December at 126.0 cents and July at 125.0 cents for wool futures while certificated tops trade around 1283 and spot tops near 159.5 cents.
Commercial exploitation of Chilean nitrate deposits began early in the 19th century, marking the start of a significant mining era driven by foreign and domestic interests and shaping regional and global trade dynamics.
Mickey McGuire of Austin has been elected to the Texas A&M student senate as senator at large and named to the exchange store committee of the student self government association. He is a Navy veteran, senior at A&M, expected to graduate in June 1949 with a business degree. He belongs to C. Flight Air Force, the Austin Club and Business Club.
The State Aeronautics Commission announced the first step in air marking Texas farm and ranch air strips. A ground marker was laid on the W. W. Jameson ranch near Spofford as part of a sponsored program.
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