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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Sep 28, 1950
Page
2
Prices in Fort Worth and Kansas City show declines for wheat and corn while soybeans gain on export activity. Reports say Germany Denmark and Holland bought large cash bean tonnages as markets steady late morning before a peace rumor unsettled grains.
Cottonseed oil futures moved in a narrow range on the New York market with September prices showing a slight uptick while the nearby contract remained subdued. The report lists various price figures including 18.7 and 18.42 with July and September closes around 16 to 18 dollars per hundredweight.
New York and New Orleans cotton futures slipped amid rumors of North Korea seeking peace, with final prices showing losses after late selling and government loan stock data. Spot markets in New Orleans and Galveston also posted mixed results as traders weighed easing military demand against liquidation.
Peace rumors in Korea sparked a late rush on Wall Street with gains of 1 to 3 dollars per share for leading issues. Radio and television stocks led advances while blue chips rose broadly as panic over wartime spending eased and investors priced in a peacetime economy. An index average rose to about 82.10 as stocks across sectors climbed before a brief retreat and rebound.
Prices for poultry are listed including heavy breed hens old terms and young terms with weights and per pound rates for ducks and pullets. The document shows scales for four pound and over birds and notes prices supplied by L Bast Produce Company.
The Department of Agriculture designated eighteen Texas counties Bowie Childress Collin Collingsworth Delta Denton Donley Fannin Grayson Hall Hunt Kaufman Lamar Motley Rains Red River Rockwall and Van Zandt for eligible farmers to receive production disaster loans this year. Loans will be issued through county Farm Service Agency offices following crop damages from heavy rain hail winds and insect infestations.
Steers and yearlings in short supply as of Sept 27 in SAN ANTONIO and FORT WORTH with prices mostly steady to declines. Cattle sales show calves 1 000 in SAN ANTONIO and 1 200 in Fort Worth. hogs mixed losses noted in Fort Worth and Chicago. Sheep and goats also steady to higher in some markets with lambs and ewes listed. Prices cover beef steers cows bulls and stocker calves across multiple markets and weights.
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