Gas and Oil Fortunes Rise in 1952 Era
In 1952 the energy sector shows stronger output with more gas and oil activity. Industry data point to increased exploration, production, and infrastructure growth led by major firms and regional producers.
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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Aug 04, 1955
Page
1
In 1952 the energy sector shows stronger output with more gas and oil activity. Industry data point to increased exploration, production, and infrastructure growth led by major firms and regional producers.
Fragmentary OCR item shows figures 45 10 20 and 57 dollars with unclear context. The readable text references a numeric sequence and monetary value tied to a local item or event without identifiable names or places. No complete events emerge from the legible words.
In a 95 minute Moscow address Premier Bulganin dismissed President Eisenhower's Geneva proposal for exchanging military blueprints and mutual air inspections as unreal, arguing both nations have limitless territories to hide anything. He framed Geneva as lowering tensions while cautioning the plan's limited impact.
National Steel Corp stockholders will hold a special meeting on August 25 to act on a proposed stock option plan for officers and key employees of the company and its subsidiaries. Under the plan executives could purchase stock over a set period at prices at least 80 percent of the market value when options are granted.
Three armed men ambushed a Brinks armored car at a Buffalo racetrack, wounding guard Eugene Clohessy and fleeing with about $498,000 in Fort Erie receipts. Two suspects Pettinato and Mazella captured. third man believed to be Wood fled after a heart attack claim. Police pursue Jim Salomerio alias Sheridan as alarm spreads.
State police reported two afternoon crashes with no injuries. Miss Harritt Sorenson and Theodore Williamson collided on Route 2101 near Route 2101, causing $30 damage to both vehicles. A second crash on Route 8 near Centerville involved Gary Wesolawski, who dozed and hit a telephone pole, damaging his vehicle $500 but sustaining no injuries.
Damaged OCR describes trash piled on a jail roof at Corry Memorial, with inmates and staff under investigation after a fight and a transfer to hospital. Reports note lax security and a new search method for prisoners, reflecting broader concerns about cleanliness and safety in the jail.
U S Ambassador Alexis Johnson and China envoy Wang Ping-an held talks in Geneva on progress toward freeing 40 American civilians detained in China. Both declined to reveal details while rumors circulated that a deal was near, with no clear agreement reported by press time.
Police checked a late night telephone hoax claiming a Titusville unit was warning of a Jamestown taxi with two intoxicated passengers carrying large sums. No such transmission had come from Titusville headquarters. Calls to provided numbers failed to connect to real police lines.
The Atomic Energy Commission said Russia has resumed testing of nuclear weapons, prompting speculation about a possible new test series after recent Soviet activity. The report cites ongoing developments and notes the timing Amid recent dates in late October 1964.
The Federal Reserve Banks increase borrowing rates for member banks as part of a curbs program aimed at cooling inflation. The move follows tighter mortgage down payments and plans to curb consumer credit and speculative borrowing, signaling a broader effort to slow money growth and moderate prices.
Forty German miners died today in an explosion that rocked the Ruhr city of Dortmund. Another 44 miners were injured, some seriously, in the incident at the Duisburg area mine.
State Police identified the victims as Mia Myrile L. Hesininger, 55, and Barbara Heninger, 21, both of Bronxville, New York. A truck driver from Cullam, NY, George Schu Marhoia, 64, sustained injuries and was treated at McConnellsburg Medical Center. The crash occurred on a rain slick turnpike near the Kittatinny area.
Report outlines Bonn sway to normalize Soviet relations with West Germany without conditions. Premier Adenauer to meet Soviet leaders in Moscow next month, with Soviet diplomats in Paris already exchanging views. Conditions and terms remain uncertain as allied exchanges continue amid tension.
The Northwest Pennsylvania Potato Growers field day committee met at the Troyer farm to finalize plans for the August 24 dinner and the following day’s field day. State Secretary William te Henning accepted to be the principal speaker. Miss Mary Ann Kuhas and Miss Judith TeWinkle will attend with the festival queen candidates and other dignitaries. Donita will serve as master of ceremonies for the banquet at Corry Area High School. A separate Bonn Germany note mentions Otto Huh leading the German delegation at a peace conference opening in Berlin.
A car fatally struck 6 year old Brice Clinton Schuylerth at a churchyard near Gable Hollow. Driver Mrs Ruthery Cathcart 22 reported seeing the child step into the road. sheriff notes indicate the incident followed bystander accounts. Funeral plans referenced at Perthburg.
Harrisburg reports the governor prolonged the boxing ban in Pennsylvania indefinitely citing protective aims and a pending new code to regulate the sport. The initial 60 day suspension set to end May 10 remains in effect until the code is enacted, with House approval and Senate awaiting action.
Harrisburg report says Senate Republicans remain opposed to killing the income tax. Governor and GOP leaders attended a compressive conference to forestall a break from the tax bill while discussing possible paths to delay or defeat the measure.
Eleven American airmen released from captivity in China crossed into Hong Kong in good condition after 22 years in Red China custody. They were flown to Tokyo for reunion with families while awaiting repatriation.
Readable fragments describe aircrewmen captured in North Korea after a mission, recounting their release in Taiwan and Hong Kong. Arnold and other crew members describe their confinement, their defiance, and scenes from their return to the United States, with medical checks showing overall good health.
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