05 Feb 1948
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Feb 05, 1948
Page
1
The report covers livestock and grain markets with mixed stock quotes, prices for cows bulls and vealers, and a Chicago grain and provisions summary. Grain futures fell sharply for wheat corn and soybeans, with May wheat at 2.66 3-8, May corn 2.21 5-8, May oats 1.06 3-4, and March soybeans at 3.71 amid a marketwide limits downturn.
New York and New Orleans cotton markets fell on liquidation and hedging amid weaker grains and other markets. Prices dipped over $3 a bale before recovering about $1.50, then slid again on offering scarcity and hedging. Futures closed 60 to 105 points lower. broad uncertainty kept traders cautious despite late buying and short covering.
Thomas E. Murray resigns as impartial trustee of the United Mine Workers welfare fund in New York on February 4 prompting his claim that John L. Lewis and Ezra Van Horn refused to budge on miners pension program He hopes pension difficulties do not trigger a national coal industry crisis despite failed mediation efforts with UMW leadership and mine operators.
Bonnville dam on the Washington Oregon border features fish ladders to bypass the dam and allow salmon to migrate upstream for spawning. This structure helps maintain the river's fisheries while enabling safe passage around the obstruction.
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