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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Feb 25, 1939
Page
2
The article notes improved conditions for rail workers and investors as railroad operations cut maintenance costs and boost net income. It cites higher revenues, steady payrolls, and ongoing service improvements, with hope for constructive Washington legislation and slower lender cooperation.
A fragmentary analysis argues that government ownership or heavy public financing of road bonds could cut debt costs, while taxes and Social Security rise. It notes political barriers to consolidating networks, delayed maintenance due to revenue gaps, and pressure to reduce costs as roads strain under fiscal pressures.
Analysis weighs operating cost economies against looming tax, labor, and political risks in railroads. Observes freight carloads versus nine year stock averages, notes junior bonds at 60 980 cents, and suggests holding rail securities for now with plans to sell later as 35 percent of county railway mileage may be scrapped and capitalization adjusted.
Albany reports rapid developments on the milk front as Homer B Rolfe and the Metropolitan Milk Producers Bargaining Agency call a mass meeting in Syracuse to plan actions protecting dairy farmers interests. The ruling threatens the agency program to divert milk from dealers and Niagara Frontier Co-operative Bargaining continues voluntary payments if distributors accept the plan. The Agriculture Adjustment Administration considers appealing to the Supreme Court as a New York case looms.
Fragmented items report city council decisions to appoint James J. Leach as assistant city building inspector replacing Joseph Setiilil, a Knox hotel project with an 88000 dollar budget, and various local notices. Also mentions elections, medical updates, shop ads, and community club meeting planning a hotel conversion on the Odd Fellows site with 18 rooms and a mezzanine.
A Biological Survey examines why geese fly in V shapes. It suggests one possible reason is that followers can see the leader more clearly when positioned at an angle directly behind, aiding coordination.
Announcement by the firm states Mr Swenson of Buffalo will move his family to Corry to take permanent residence in the Larson property at East South and East streets. He will head this district and be in touch with Ralph Smith new Buffalo zone district manager. Lawrence Thomas of Thom s Motor Company awaits at the Corry district location as Chevrolet aims for growth in sales and service locally.
J Fred Kinley is named to the sales star at the Corry agency. The move follows appreciation for patrons and promises continued fair courteous service to customers in the future.
President Franklin D Roosevelt calls for unity and peace within U S labor ranks. He argues labor groups can negotiate just peace and stresses responsibility, cooperation, and democratic values for a better society.
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