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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 06, 1956
Page
8
In Fort Wayne state Sen. Matthew E. Welsh criticized Governor Craig for proposing new state taxes next year calling it a failure of financial responsibility. Craig defended the plan as necessary and outlined the tax proposal during remarks on Monday.
The New York stock market closed fairly steady after a pallid session as investors weighed tax policy debates and industry updates. Volume rose modestly while the Dow’s average hovered near 179.50 with mixed gains and losses across sectors, signaling cautious investor sentiment.
Grains closed mainly mixed on the Board of Trade with wheat and rye rising, corn and soybeans uneven, oats little changed, and lard futures gaining modestly. Brokers cited mill bidding for bread flour and a 1 cent per hundredweight wheat price boost as factors shaping activity.
Hog prices strengthened on Tuesday with mostly 25 cent gains and some spots up to 50 cents, as receipts showed varied weights from 160 to 250 pounds. Livestock buyers reported steady to higher values across multiple classes, including steers, heifers, cows, and mixed loads, alongside a Weather Bureau forecast predicting continued firm markets over the next 30 days.
Wall Street saw a firmer bonds tone with utilities and government issues holding gains. Over the counter trading showed light activity as corporate volume rose to 4.67 million dollars from 3.42 million the prior session.
Chicago buyers showed hog prices up about 25 cents with top butcher hogs at 18.95 while receipts reached 9,000 head. Prices varied by weight from 16.50 to about 18.00 for lighter hogs and sows ranged from 14.25 to 15.50. Cattle and sheep markets were mixed with steers selling around 29.78 for the top lot and lambs trading from 30.00 to 41.00.
Muncie market notes hogs steady to slightly higher with prices around 18 dollars. Bauman says Indiana farmers may fare better than U S farmers as national income drops about five percent. Cattle and lambs show varied, Calves and sheep listed with mixed price ranges. A Puerto Rican girl, 18, shot dead in East Chicago. Gary incident ends with a shotgun fatality and police investigation.
In the imminent filing with the Interstate Commerce Commission, several railroads plan reduced export import freight rates for north Atlantic ports to end a long standing freight differential. New York and Boston would gain parity with other north Atlantic ports, eliminating prior three and two cent per hundredweight differentials.
An informant said four Arab states Saudi Arabia Jordan Syria and Lebanon consider a joint stance to shield oil companies from hosting nations aiding Israel. The plan would require oil firms to stay neutral in future Israel Arab conflicts or risk losing franchises. Steel payrolls show 65700 workers in Cleveland area.
A dense OCR of auction notices outlines multiple public sales. Items include estate sales near Summmiviie and Elwood Indiana, farm sales north of Woodwart Cemetery, real estate sales on Ha Street, and household auctions in Alexandria and Read Palate with several auctioneers named such as Egg M Hood Lewis E Jones and Clem Foreman.
Two South Bend men Robert Howser and Marvin Monroe were wounded in the leg and captured after police shot at them during a chase. Police say the pair were sought for an attempted burglary of the Goshen Eagles Lodge and were nabbed near their home as they fled in a car.
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