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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jul 24, 1956
Page
13
Rail stocks led a broad market gain as renewed hopes to resolve the steel strike boosted the Associated Press 60-stock average. Rails rose sharply, utilities climbed to a yearly high, while the broader list posted mixed advances and declines.
Chicago hogs sold strong with most butchers at 16.50 to 16.75 and some at 17.00. sows 12.00 to 15.50. Cattle futures saw light receipts about 15 000, with steers up 50 cents to 1.50 and prime loads at 26.50, top week since May 9. Sheep at 20.00 to 23.50, spring lambs steady, top 23.75.
Gov Averell Harriman of New York urged a thorough probe into why farmers receive a shrinking share of the consumer dollar. He visited South Dakota for a Democratic campaign event, citing farm economics and past parity promises. Kentucky Gov A B Happy Chandler spoke at the convention urging an old time revival in the party.
In New York industrials and utilities divided with no clear leader as U.S. government bonds slipped in quiet over the counter dealings. Corporate trading on the Big Board fell to 3.27 million par value from 4.03 million the prior Friday.
A Commerce Clearing House report states radioisotopes offer major advantages over radium and X rays in metal inspection. It notes cobalt-60 at about $100 provides equivalent inspection effectiveness to $20,000 of radium.
Heavy cash grain receipts and favorable growing weather pressured grain prices on the Chicago Board of Trade. Soybeans fell the most, with July corn and September futures notably weak as large deliveries of corn and soybeans weighed on cash and futures markets.
Trustee announces July 1 1856 bid opening at 7 30 pm for a 48 passenger bus body with bids on state prescribed forms. Advisory Board reserves right to accept or reject all bids. Also notices for estate administrations and final settlements in Madison County Indiana with court dates in August 1956.
H A Sprowls of Vincennes sues Texas Gas Transmission Corp in federal court claiming monopoly control of natural gas sales in southwestern Indiana. He seeks $820,597 in damages plus treble amounts under the Clayton Act, citing loss from alleged Illinois field neglect and the Phebus Project.
Ottawa Canada imported 38 million pounds of uncleaned paddy rice in 1955, down from 66 million the prior year. Imports from the United States totaled 24 million pounds, 62 percent below 1954 levels.
New York report finds American women lag behind European in labor force participation. Institute of Life Insurance cites International Labor Review noting France about half of women work or seek work versus one third in the United States. Other nations with higher female employment include Italy Germany Great Britain Sweden Austria and Turkey with Belgium and the Netherlands lower than the U.S.
Indiana Republicans say a presidential visit is possible as Alvin Cast notes discussions with Len Hall and others in Washington. Cast stresses no decision has been made but a Midwest stop to rally farm belt support is likely. Separately a Japan farm statistic notes average farm size at 2.5 acres.
A 10 year Grand Rapids study shows water fluoridation reduces dental caries about 60 percent overall, with a 54 percent drop in six year olds and striking reductions in baby teeth. No tooth discoloration observed. Public Health Service notes conclusive evidence.
Actress Frances Langford and husband Ralph Evinrude were on a 118-foot yacht that ran aground on a Hudson River sandbar for about eight hours before high tide freed the vessel. They and seven crew members remained safe. Miss Langford and Evinrude planned a cruise via Erie Canal to Milwaukee and down the Mississippi to the Gulf.
A fire destroyed a Rex Manufacturing Co warehouse in Connersville Indiana and damaged nearby homes. Arson is suspected after a Sunday blaze and a second fire on Monday. Firefighters saved nearby gasoline tanks and a floral shop two blocks away suffered total loss. The warehouse was owned by Nickel Plate Railroad and leased to Rex.
The Senate approved a bill to set In God We Trust as the nation s motto and sent it to the House. The phrase had appeared on coins since 1965 and has been required on currency since last year.
A private plane crashed shortly after take off in Loma Nebraska killing all aboard. The pilot Rev Edward Nadratil 29 assistant pastor at a Dwight Nebraska church and passenger James Capoun 22 of Alma Kansas were confirmed dead.
Multiple auction notices list sales by Floyd H. Smith Pendleton Banking Co Bradley Kellum and others. Items include garage shop tools Mary L Pardue estate real estate Mrs Shroyer household goods Elizabeth Holt guardian sale and other personal property and real estate located around Alexandria Pendleton Mechanicsburg and nearby roads.
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