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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Dec 07, 1974
Page
1
Archbishop Makarios ends five months in exile in Cyprus and tells 200000 supporters he will not accept a military solution to the Turkish invasion. He insists a settlement must avoid population transfers and partition of the island.
In Vail Colorado Police Chief Gary Wall says a nonconfrontational style suffices for enforcing the law. His small 10-man force operates on a low key stance and bicycles in summer while Vail swells from 1000 year round residents to about 15000 during holidays. President Ford may visit for a Christmas vacation.
The Dow fell 9.46 to 577.80 as unemployment rose to 6.5 percent and layoffs surged. NYSE volume rose to 15.50 million shares while declines far outpaced advances, with analysts warning of deeper losses amid recession fears and European economic gloom.
Erie County planning office says Wayne Township has not paid its $3,000 share of the joint Corry Wayne Township master plan, with Dec 1 deadlines looming for state funding. City Council members debated approving the final payment, with Mayor Kibler and two councilors voting yes while two opposed, amid concerns over prior delays.
Residents note a snow fence by Lindsey Hollow road sits in a field and does little to prevent drifting onto the roadway. They question why PennDOT hasn’t installed it and joke the fence may be saved for a Christmas present.
Washington reports the Ford administration is reviewing the worsening economy and may ask Congress for antirecession legislation. Unemployment stands at 6.5 percent, a high not seen since 1961, prompting Fed to cut borrowing costs to 7.75 percent to ease money supply. The stock market hit a 12 year low as layoffs mount across auto, steel, and rail sectors. some mine workers returned to work after a 25 day strike easing tensions for a moment.
City Council will hold an 8 p.m. public hearing Monday to explain the limited downtown renewal plan to Corry residents and answer questions from property owners and tenants. The project could require taking several buildings for parking and relocation, targeting substandard structures along the northeast corner of North Center and East Washington to about half way north on Park Street and extending from the railroad crossing to Clinton Street and from Mott to Park streets. The article also notes Watergate era legal ties involving former prosecutors and the fate of a related investigation.
Harold Young of the Chamber of Commerce Retail Division reports eight local establishments all up from last year. Montgomery Ward posts a 22 percent sales rise, Buyers Fair shows a slight gain, Sears, shoe stores, and general merchandise outlets also report increases. Thanksgiving week shift trimmed action, but overall outlook remains solid toward Christmas.
City officials unveil an updated alarm program linking home and business devices to a 24 seven police dispatcher. All alarms now use a uniform loud buzzer at the station, with added adapter equipment, and a yearly monitoring fee of 50 dollars plus maintenance and line rental costs.
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