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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jul 01, 1946
Page
9
A chaotic mix of reports shows agriculture officials signaling continued subsidies and rationing under OPA while markets react to inflation fears. Meat and grain sectors face ceilings and potential shortages, with industry groups urging restraint and workers awaiting policy guidance.
Markets show hog and sheep prices up with sales of choice hogs at higher bids, receipts near 2800 head, and cattle bids around 3200 per hundred pounds. Hog top near 1735, sheep receipts lower than expected, cattle top around 1800 as buyers react to week’s totals and forecasted numbers.
Fragments show corn advancing five cents with May and December futures noted. Barley offerings were absent while oats traded around 93 cents and rye at $1. The report mentions futures bids at higher levels though many quotes are unclear.
Amid presidential vetoes and party clashes in Washington, Congress squares over a 20 day stopgap to restore price and rent controls. TAft pledges a campaign against the veto while Taft contends the president caused economic chaos. Porter predicts a quick restoration with Senate uncertain on timing. White House notes 50 to 1 telegrams in support and House moves to draft a new price law.
Unclear sponsor warnings led security to cancel or postpone a planned hunger march in Hamburg’s City Hall Square. Reports note no visible demonstration and widespread expectation of action was halted by authorities.
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