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Newspaper
Kenosha Evening News
Location
Kenosha, Wisconsin, United States of America
Date
Jun 01, 1956
Page
12
New York report outlines a busy June with a layoff pay test for auto workers and a looming steel industry strike. The piece notes a split economy with booming sectors and soft spots, and forecasts college grads entering well paid starts amid debates on monetary policy and credit conditions. Detroit and Pittsburgh are singled out as key focus points at month’s start.
Ward's Automotive reports June production near 446,900 units, down from May's 464,100 as auto makers prune schedules amid stock-piling. Second quarter output likely around 1,458,766 cars, 31 percent below last year’s period, with ongoing layoffs and inventories set to fall toward 350 thousand by September. India exports 25 million dollars worth of cashew nuts a year.
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May layoffs trigger eligibility for supplemental unemployment benefits and scrutiny of trust funds. Industry and public watchers await outcome of bargaining between unions and steel executives to see if a strike or inflationary wage rise follows. A separate note mentions a prank painting incident and a comment on origins of three religions.
Charles City Iowa residents woke to a splashy prank as James Condon reportedly drenched the home while the owner was away. Police are investigating the incident as a possible vandalism case and reviewing nearby surveillance footage.
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