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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Feb 09, 1948
Page
1
Hetter advances plan to create a 1.5 billion loan fund aimed at financing self paying projects abroad. The proposal seeks earmarked sums for loans rather than grants. President Trumen’s request reportedly did not define whether funds should be loans or gifts.
The Twellaty press reports in Jammu that Indian troops halted an attack in Kashmir with heavy losses to the invaders. Dispatches say about 2,000 killed with machine gun fire and hand to hand combat as forces push to halt the northern advance.
MOUNDSVILLE W Va Teh 9 four Lucas children Ludia Gail 6 Douglas 5 Iney 8 one month Jaclqueline Lucas died in a two story house blaze that swept the Lucas home Ronald and Virginia escaped Mrs Lucas in critical condition with broken arms and lacerations The fire possibly started from defective wiring or stove in kitchen Chief Cunningham said firemen arrived as the place was an inferno
Frigid conditions push temperatures to 17 below and unofficially 32 below at a local instrument. Officials cite heavy coal and gas curtailments with Pennsylvania Railroad warning of coal shipment slowdowns. Fuel and coal shortages deplete city supplies while new shipments expected later in the week.
A Senate House economic subcommittee voted for restoration of grain controls through Oct 31 as Truman asks Congress to reimpose. In Ireland Fine Gael opposes De Valera's re-election and may form a coalition. Greek troops killed 45 guerrillas near the Bulgarian border. 41 prisoners taken. In Korea sabotage efforts killed or wounded several and an anonymous warning reached police. The UN region remained quiet under U.S. Army supervision.
A Cory firm Aero Supply Manufacturing Company Inc Corry plus local resident Tyan Miller R D 2 Corey received substantial refunds for the year ending June 30. Several district manufacturers like Talon Inc Meadville Malleable Iron Co and National Transit Pump & Machine Co also reported large excess profits and income tax refunds.
A Corry man suffered burns at Thompson Maple Products when a boiler cleaner wax exploded during boiler firing. He sustained second degree burns to the face and head and was listed in fall condition at Corry Hospital.
One economist contests corporate executives, saying inflation remains strong with a likely general price drop not before mid year. The market outlook contrasts executives’ optimism, highlighting persistent inflation pressures and uncertain consumer costs.
The article reports a perceived consumer victory as inflation fears eased and commodity prices including wheat, corn, and cotton declined. It notes business leaders predicting slower postwar price drops, government economists’s cautious views, and a general shift in public awareness of changing inflation dynamics. The piece credits consumer purchasing restraint since last fall and emphasizes ongoing factors behind price movements.
President Truman will depart Washington by Feb 20 for Cuba and Puerto Rico, addressing crowds in Havana and San Juan and meeting local officials including Governor Jesus Pinero and Governor William Hastie. He will attend receptions, a dinner, and inspect U S Navy facilities before returning to Key West for rest.
Three cars were involved in a late Saturday afternoon sideswipe on East Main Street. Vehicles were driven by Herma Miles Murier Street Dani J. Little Corry and Raymond Brown Corry. The Miles car was pushed and tried to turn from Pennsylvania Avenue. in the maneuver a parked car on East Main Street was struck. No injuries or damage reports were noted beyond minor dents.
Bennylvania Gas Company resumed drilling on Carter Hill after repairs to the sand reel that blew up nearly two weeks ago. The tool is at 2700 feet with good progress and water pumping equipment is nearly installed, awaiting only tie and pumping engine to complete the first producing gas well.
Corry shoppers anticipated a price drop in staples like bread fat and flour as a survey found elite stores resisting cuts. Reports said most reductions would begin Monday with nationwide drops already announced by chains in major cities. Kroger and other chains planned across 18 states to cut bread, bacon, and meat prices.
Sub zero cold snap grips the city as dozens of meters freeze at homes on Spring Elk East Marion and West Bend streets. Service lines fail and thawing crews work amid ongoing outages. Harold Gilbert of the water utility reports nearly 50 meters frozen this winter and urges homeowners to protect meters to prevent further damage.
Eleven visually impaired children aged five to ten escaped a fire at a school building in Pittsburgh while following an orderly routine to reach safety. They moved in single file down to the second floor after a blaze started in a classroom, with no injuries reported.
Chicago February 9 livestock prices slide as hogs and cattle retreat. Hogs top at 23.45 while later trades show 22.50, with best hogs near 23.45 and lower quotes for others. Cattle and other species fall from week-ago levels as traders report sluggish demand and heavier receipts.
Democratic chairman McGrath planned a Jackson Jefferson Day dinner in Atlanta on March 5 to push President Truman's civil rights program. He would address Georgia party leaders before a national tour aimed at rallying Dixie Democrats while maintaining states rights views. Governors at Wakulla Springs favored delaying a split, agreeing to a committee and another meeting in 40 days to reassess.
Five U. S. Army prisoners escaped the disciplinary barracks in Milwaukee last night. The men reportedly used a shower room to saw through bars and fled in two automobiles. Identified suspects include Frank Kennedy Gowanda NY Henry A Levendosky of Pennsylvania Jack W Gamer Brighton ALx Dolph Qoomer Hazard KY and Milford Frasier Chattanooga TN.
A report notes a three and one half foot rise in a river near Cincinnati causing ice piling up to 15 to 20 feet high in the downtown area. The event threatens shipping valued in the millions and could cause damage along the riverfront.
Ice floes loosened from a mass of ice near Dam 36 on the Ohio River as a rise of three and a half feet from 5 to 8:30 am endangered barges and protected loads. Engineers warned of a forming gorge that could dam the river at Andersons Ferry, with at least a million dollars of shipping at risk and several vessels, including Greene Ling wharfboat, in the path.
Washington February 1 Senator Will Robertson predicted no change in rent controls and expected the Senate banking committee to extend the existing measures until April 3 1989. The committee discussed a bill to sharply modify rent curbs while awaiting fuller input from the House and timing for hearings ahead of February 16.
Treasury report from Washington shows receipts of $208,633,500.33 and expenditures of $161,653,748.25. The balance carried forward is listed at $... The note also records a drop from the previous day’s balance of $194,732.85.
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