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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Dec 31, 1958
Page
4
As 1958 ends the nation says farewell to a year marked by recession and a fragile recovery. Optimism for 1959 is widespread across industries with expectations of higher production and profits. Eisenhower's balanced budget forecast may lift government revenues, while autos and electronics anticipate stronger growth, aiding the economy and local publishing.
Europe forms the Common Market tos reduce intra member tariffs and create a unified external tariff. The six nations France West Germany Italy Holland Belgium and Luxembourg offer a growing market where German goods could flow without high local tariffs. US investors face tax reporting requirements and debates over changing policies to spur abroad investment.
Yesterday's Memories of Corry recalls Sen Alben Barkley being re elected as majority leader by Senate Democrats for the 76th Congress. The piece notes a one year air mail service trial across Pennsylvania West Virginia Ohio including Corry and mentions city council planning for New Year reorganization.
Fire Chief Andrew Paulson starts serving notices to property owners for abatement of fire hazards citywide using special forms. Silsby Caldwell, Civil War veteran and longtime resident, died at his son’s Wright street home just after his 79th birthday. Stanford Hose Company to hold an old time billiard and pool tournament. Modern Dames Club to meet Thursday at Marion street home of Mrs Florence Young. they will need to be more than doubled to meet the $300 million safety requirement. Pennsylvania taxes and benefits comparison notes. backwash of recession hits industrial states. New York weekly payments cited. California and Connecticut payments mentioned.
Roy Campanella, the famed catcher who helped the Dodgers win pennants before their move to Los Angeles, plans to return for spring training in Vero Beach Florida next year. Paralyzed in a January accident, Campanella remains partly paralyzed and wheelchair bound but will coach pitching and catching candidates and later help supervise East scouting while resuming active duties in his recuperation.
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