Parity price plan impacts and wage effects discussed
The report outlines parity price adjustments with a 58 to 60 percent support range and notes the new program starts January 1st, 1960 while the current policy continues. It cites sustained farm product demand from exports and discusses wage repression, disposable income gains from tax cuts, and rising manufacturing output as production climbs to meet consumer demand.
MENTIONED IN THIS ARTICLE
Secretary of Agriculture
Pederal Reserve Board
Bhe
Mrs Grace V Wolcott Claimed By Death
Mrs Grace V Wolcott wife of Floyd A Wolcott of 316 Bikt Main street died at home after a long illness She was born in Edinboro on December 90 1086 and lived there until seven years ago She was a member of the Local Methodist Church and Boreas Sunday School Class She is survived by husband two daughters Mrs James Rouse Raleigh NC Miss Laurette Wolcott and three sons Edward Buffalo and Darwin James and Paul Wolcott Interment will be in Edinboro Cemetery Funeral service Wednesday at 730 pm
MENTIONED IN THIS ARTICLE
Grace V. Wolcott
Floyd A. Wolcott
Bikt Main Street
Edinboro
Shuren
Corry
Freman Millspaw
Cecil Millspaw
Paul Millspaw
Alliance
Davison
Twenty Years Ago As Then From Journal Pies
The Column recalls a Columbus Mather Park reunion with hundreds attending after weeks of notices. Dr. Harry Rhodes has taken over the dental practice of Dr. George Peck. Cory endures the hottest summer day as the mercury nears record levels. Mrs. Elizabeth Usher's will leaves 500 to the First Presbyterian Church. A newborn son arrives to Mr. and Mrs. Charles Bugbee of Corry. Allen Robbins and George Stumpf canoe toward St. Louis, reaching west of Pittsburgh amid rain delays.
MENTIONED IN THIS ARTICLE
Harry Rhodes
Corrybby
George 5. Peck
Rhodes
University of Pittsburgh
Pittsburgh
First Presbyterian Church
Elizabeth Usher
Erie
Inflation in United States Explained as Prickly Inflation
The piece distinguishes U S inflation as prick inflation versus postwar German and Chinese inflation. It cites a 1947 surplus of over 7500000000 dollars and 1948 surplus near 8 billion. It notes price hikes in foods and farm goods, racial wave of wholesale prices up 121 percent from 1939, and government loan support at parity price with a projected 115 million dollar cost for the fiscal year. Includes references to agricultural policy under legislative action.
MENTIONED IN THIS ARTICLE
United States
Germany
China
Deta ‘Tment of Agriculture
Treasury
Gon! Bress
Truman's Budget Report Foresees Tax Cuts and Deficit
The report warns of lower tax receipts for 1949 due to the tax reduction delaying revenue. It cites estimated receipts of 46.7 billion dollars and a projected operating deficit of 1.6 billion for 1949, contrasting with an 8.4 billion surplus in 1948. Public debt was reduced by 6 billion in 1948 with no further explicit debt reduction expected in 1949.
MENTIONED IN THIS ARTICLE
Truman
Tax Reduction Sends Government Toward Deficit Financing
The passage asserts that even with a named tax cut, government spending in 1960 will require deficit financing. It argues that international duties and current expenditures make sharp cuts impossible, implying some increases are likely.
Truman Revises Spending Forecast Amid Budget Row
President Truman said he raised his January spending estimates by 2.609 billion and lowered income by 3.744 billion. Bridges accused him of scrambling figures and using the move as a political feint to mask a crisis.
MENTIONED IN THIS ARTICLE
Mr. Truman
Bridges
July milk price set at 4.2 per hundredweight for New York plants
New York dairy officials announced a uniform July price of 499 dollars per hundredweight for milk deliveries to 433 plants in the New York metropolitan area. Dr. A J Pollard reported changes in producer numbers and total production while noting a butterfat differential of 7.8 cents per tenth of a pound above or below the 35 percent standard.
MENTIONED IN THIS ARTICLE
New York
New York Metropolitan
A. J. Pollard
Ponaia
Recommends Lesser Charge in Fatal Battery Case
Defense attorney Franklin Hosbach says Delmar Ramsey may plead guilty to assault and battery in the death of 99 year old Henry McMillan. Ramsey, previously convicted of involuntary manslaughter, seeks a new trial on an appeal claiming jury instruction errors. District Attorney Damian McLaughlin reportedly favors the plea if evidence supports it.
MENTIONED IN THIS ARTICLE
D. A
Atrornte Franklin Hosbach
Delmar Ramsey
Henry Mcmillan
Ramey
Damian McLaughlin
How to score memory test and monthly averages
A scrambled question set guides readers to check a classified page for answers. It includes queries about weapons terms, an All Star game, battleship sinking, ranks, animal height, pulley physics, veteran preference points, a horse with Derby wins, and railroad operations.
MENTIONED IN THIS ARTICLE
Holoken Gem Peta
Bob Feller
Cleveland
Namie
Pacific
Egypt
Cairo
Alexandria
Army
Voice of the People Letter from John Rogers on veterans crosses and labor
A reader identifies as a two time overseas veteran and voices frustration at perceived links between veterans white crosses wheel hates and labor disputes. He questions the connection and expresses skepticism about the issue’s framing.
MENTIONED IN THIS ARTICLE
Voice of the People
John 8. Rogers
Also Mentioned on This Page
Journal Pies
Columbus
Mather Park
Cory
Charles Bugbee
Corry, R. D
Corry Hospital
Shamburg’s News ¢ Store
Aes
ABC
Wikk
Erie, Pennsylvania
Martin Agtonsky
Breakfast Club
Walter Widehall
Breakfast In
Hollywood
Ted Malone
W. K. Shindledecker
Hest South St
Davis Radio Television
Center St
Powell Motor Co
Great Savings Clothes Shop
Worth Center St
Loblaws
GOI
Foon
Featuring
Heiman’s Jewelers
ST. Mary's
Lanston’‘S
Diol
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