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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Dec 30, 1947
Page
8
County budget estimates show a three mill rise to cover 46 expenses as Early projects push rate to 24 mills. Retirement of 200000 in bonds and department cost increases drive the hike, with 1948 payoff urged to avoid deep debt. Harvley Willis notes bonded debt must be settled. commissioners earlier refunded 150000 with 100000 paid, drawing protest.
Pittsburgh December 30 Koppel Inc will devote a considerable amount of research in 1948 to developing processes for making synthetic liquid fuels and other chemicals from coal. President General Brehon Sotetgell calls the year good and optimistic about the next year. He warns potential economic changes could upset the outlook due to high government taxes and possible controls on aid to Europe. He cites inflation and construction costs as contributing factors.
Fire at the Wayne Brewing Company warehouse caused about 35000 in damage with more than 6000 empty cases and 1600 in tax paid crowns destroyed. Five city fire companies battled the blaze for nearly two hours after it was spotted by girls at 11 20 p m. L G Kessler reported contents valued at about 25000 and building loss up to 100000 with no equipment inside. Total cost around 1500
Rev and Mrs Raymond O Nelson of Chicago will show kodachrome film The Life of Christ at the Evangelical United Brethren watch night service. The program starts at 8 o clock with singing and music, social period from 9:15 to 10:45, ending with candle light communion at 11.
Modest gains appeared in today’s stock market on a selective basis with many leaders absent. Noon quotations show varied prices from firms like American Smelting and Refining and General Electric, while several large names lagged. In a separate note, Houghton College students Miss Barbara Roberts and Miss Doris Ross will speak alongside Ray Harvin leading the session.
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