16 Jan 1948
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Jan 16, 1948
Page
1
An auction report from Washington state about condition 3 is released by WA. G. Rives. The district street construction item mentions Ouachita County and the route from Dierks to Mope.
A weathered bulletin lists state highways with varying traffic and repair statuses. Notable notes include detours on No. 24 and No. 70, under construction advisories for No. 41 and No. 24 junctions, and warnings to brace for wet weather on several routes including No. 39 and No. 76.
In Bozeman a young bidder named Margaret Stevens claimed the bicycle by offering a full dollar at a police auction of unclaimed bikes, drawing quiet from the crowd as she walked away with her prize.
Market report notes nervous butter receipts 931264, prices unchanged to a cent per pound with some higher quotes. eggs steady with receipts 14678 and small price gains on current receipts. Live poultry steady with 11 tracks of receipts. At National Stockyards, hogs 12500 head, prices mostly 7 cents lower than Thursday, sows down 50, cattle and calves broadly steady with mixed price shifts. Sheep steady with good and choice lambs dominant. grain and provisions report begins Chicago Jan 16.
The Associated Press report notes a strong grain session with all main grains up. Wheat led gains with March at 3.15, corn and oats hit peak futures, and soybeans rose, as government buying signals return to cash grain markets. Local prices quoted for yellow corn at 2.81 3 4 dollars and white oats at 1.47 1 2 dollars.
New York cotton prices eased as liquidation increased in nearby March futures and lack of aggressive textile demand weighed on spot positions. Mills remained principal buyers while scattered commission selling contributed to new low ground for the day with futures finishing sharply lower.
New Orleans on January 16 reports cotton futures slipping amid weekend liquidation and hedge selling. Closing prices show modest declines with highs around 35.68 and lows near 31.50, reflecting a generally weak session. In New York stocks, professionals covered shorts but many leaders stayed in the red as trading was thin and mixed. United Aircraft and other large names led a muted rally, with overall turnover near 800,000 shares. Bern approves wage controls to curb inflation until late 1943, allowing essential increases to restore real wages where necessary.
Gandhi shown weak on terrace bed at Birla House as he weighs Pakistan’s reply to his fast for peace. India restarts suspended payments to Pakistan and hints at a plebiscite in Jammu and Kashmir. Demonstrations continue with fewer shouts as the 78 year old Hindu leader endures.
Indian Premier Nehru met Mahatma Gandhi for 40 minutes at the Birla estate garden where Gandhi was fasting. Doctors said Gandhi remained in good condition despite weakness, while Nehru pleaded for an end to the fast to avoid risking his life.
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