Babson Foresees 1942 Outlook for Business and War
Babson's thumbnail forecast for 1942 predicts sharp gains in defense production and wages, weaker non defense activity, and inflation. Employment and farm income rise, dividends steady, labor fewer strikes, and retail trade and high grade bonds face mixed moves. He warns defense shift may boost weapon manufacturing while non defense suffers, with war impact on prices and real estate.
Babson Sees 1942 Business Slow After War Peaks
Babson Park Miss Jan 1 Roger Babson predicts 1942 will bring a tapering of U S business after wartime production rises this year and that non defense industries may sag with morale low in 1942 While war may extend beyond 1944 he forecasts continued high national income into 1942 but a downturn afterward
MENTIONED IN THIS ARTICLE
Roger Babson
Babson Park
Miss
U.S
Col Van Vliet to Head 112th Infantry Regiment
Col John Van Vliet is named to succeed Col Joseph R Carvoth as commander of the 112th Infantry, 66th Division, with Corey unit mentioned. Carvoth attends army school at Fort Benning, Ga, and is reassigned to division headquarters. Van Vliet had been acting commander during the submer. Carvoth is prothonotary of McKean County in civilian life.
MENTIONED IN THIS ARTICLE
John van Vliet
112Th Infantry
Corey
Joseph R. Carvoth
Kane
Gol
van Vliet
Spocter General
Cdlr
Carvalth
Bort Benning
Japs Claim New Malaya Landing in Push toward Singapore
Tokyo says Japanese forces captured Kuantan on Malaya's east coast about 160 miles north of Singapore and struck along the west coast. Premier General Hideki Tojo declared in a New Year broadcast that Manila and Singapore would meet fate like Hong Kong, as the war drive continues.
MENTIONED IN THIS ARTICLE
Tokyo
Kuantan
Malaya
Singapore
Imperial
Hideki Tajo
Manila
Sigapore
Hong Kong
Pennsylvania Welcomes 1943 Amid War Effort Resolve
Associated Press notes Pennsylvania ushered in 1943 with sober resolve to boost wartime production and sacrifice. Across the state many stayed productive in defense plants while others kept vigil at New Year services, honoring President Roosevelt’s wartime leadership as the nation faced new challenges.
MENTIONED IN THIS ARTICLE
Associated Press
Pennsylvania
Roosevelt
Senate Leaders Urge All Out U S Offensive
Washington dispatch reports Senate leaders urged a sweeping U S offensive to reclaim the Philippines as Manila faced possible fall to Japanese forces. Officials noted stubborn resistance by American and Philippine troops, with evacuation of wounded to Australia and reports of Japanese moves from north and south. Senators Taft George Norris Vandenberg Nye voiced varied timelines and support for a broader drive through Alaska and the Aleutians, while Senator Thomas warned Japan against continued aggression. (Continued on Page Two)
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Manila
America
Australia
Douglas MacArthus
Officiel
Japan
Philippines
Alaska
Aleutian
Taft
R-Oplo
George
D-Ga
Norris
Ind-Neo
Vandenberg
R-Mich
Pilipinas
Nye
R-Nd
Far East
Thomas
D-Utahi
United States
Mamilla
War Time New Year in Philadelphia Parade Draws Millions
War Time thousands celebrate the new year in Philadelphia as air raid rules mute factory whistles and sirens. Crowds fill City Hall area and streets, with banners and urban merriment despite the repeal era. Mummers perform before an audience estimated at two million.
MENTIONED IN THIS ARTICLE
Philadelphia
Pittsburgh
New Year's Celebrations Draw Large Throngs
Wartime report notes large crowds marking the New Year as Pacific combat intensifies. A new Pacific commander warns coast cities to expect shelling from raiding submarines and an anticipated assault on Pearl Harbor amid ongoing hostilities across the region.
MENTIONED IN THIS ARTICLE
Manila
Pacific
Pearl Harbor
Kaluga Recaptured In Soviet War Year Start
Soviet information bureau reports Kaluga recaptured, six German army corps defeated near Moscow, and further Axis advances halted as German forces driven back. Details cite Guderia’s tank command toppled and the Phantom General Gugerman noted, amid optimistic New Year declarations from Soviet leaders.
MENTIONED IN THIS ARTICLE
Moscow
Russia
Kaluga
Heinz Guderia
Life Guard
Hoyna
Krakow
Oka River
Soviet Information Bureau
Leningrild
Panhandle
Saleh
Britain
United States
Kaluge
Information Bureau
Tita
Britain’s Middle East air force backs potential Axis push
Bulletin reports Britain’s air forces faced tight weather and new Axis pressure on Mediterranean targets including Greece and Crete. With New Year bowl games in doubt due to rain, up to 200000 fans were bound for the New Orleans classics as Alabama and Texas A&M faced Cotton Bowl weather risks and a Rose Bowl blackout loomed in Durham. In Philadelphia a 19 year old man was shot after fleeing police near a factory, and a 12 year old boy burned to death fleeing a blazing home awaiting jump from a second story window.
MENTIONED IN THIS ARTICLE
Associated Press
Britain
Mediterranean
Wat Industries
Greece
Crete
Southern Sunshine
New Orleans
Dallas
Alabama
Texas Aggies
Durham
Philadelphia
Berry
Polite
John Dey, Jr
Foun
Wien
Che
Five Killed As Bomber Crashes At Mineola Pit
In Mineola Long Island an army twin engine bomber crashed in a gravel pit near Garten City Park. Eyewitnesses said the craft struck a high tension wire a mile from the pit and exploded. Army officers report the plane showed distress before landing near West Mineola en route to an open field.
MENTIONED IN THIS ARTICLE
Geagel
Garten City
Long
Aye Men Hostancy
Aye Filles Rom
West Mineola
Japan claims fleet destroyed and air losses in war tally
A Tokyo broadcast asserts the Imperial Japanese Navy destroyed 10 U S Pacific Fleet ships and damaged or sunk multiple British Far East forces. It claims 37 enemy vessels sunk, 490 vessels captured, and 813 enemy planes shot down or damaged, with 46 Japanese aircraft lost.
MENTIONED IN THIS ARTICLE
San
Tokyo
Navy
Imperial Headquarters
McInnes Steel Helps Red Cross With 100 Percent Reach
The McInnes Steel Company reports 100 percent Red Cross war fund participation at its East Main Street plant, with a $5,500 quota for the community. Other plants are organizing as the drive begins Monday, and over $1,200 has already been raised toward the goal. A Columbus resident and former Corry High School principal, BL Monroe, has died in Lewiston. his funeral services are planned in Celnburg Saturday afternoon.
MENTIONED IN THIS ARTICLE
McInnes Steel
Peat Industries
Red Cross
Chanmen Olfa W. Bracken
East Mainstreet
Monroe
Columbus
Principe of
Varied New Year Observances Mark 1942 Arrival
Corry and nearby towns greet 1942 with church watch nights open houses at the Stanford Hose Company and civic gatherings. Festivities ranged from church services to family parties in homes. Large crowds attended New Year celebrations at hotels and Elks Club, with music, dancing, and celebratory toasts as towns welcomed the new year.
MENTIONED IN THIS ARTICLE
Corry
Fay
Stanford Hose Company
Erie
Jamestown
Hotel Garry
The
Elks’ Club
Hotel Cory
Keppel
Elks Club
Pro Questa
Plu
Worth Center Street
al Bennett
Orcdestra
Union City
Vinmes Fo Sullivan
America
Hearing on Milk Proposals For New York Market
Milk producers in Corry and nearby areas are urged to attend a three session hearing called by Secretary of Agriculture Claude R. Wickard to amend the federal order regulating the New York metropolitan milk market. The first session begins 9:30 a.m. January 7 at the St George hotel in Brooklyn, with sessions continuing January 8 in Brooklyn, January 12-14 at Hotel Martins in Utica, and January 15-18 and 17 at the Arlington hotel in Binghamton.
MENTIONED IN THIS ARTICLE
Corry and
Claude R. Wickard
New York Metropolitan
St. George
Brooklyn
Jormars
Martins
Urbea
Amtington
Binghamton
Dutch Save Crew From U S Vessel Amid Pacific Attacks
A Dutch East Indies communique reports an American freighter attacked by Japanese near the northern archipelago. The ship’s crew of eight and forty eight men were saved. one was missing. Dutch naval boat rescued survivors after distress signals drew them to the scene.
MENTIONED IN THIS ARTICLE
Prese
Batavia
East Indies
Iis
Porcy
Arcchipelago
Netherlands Indies Navy
Rey OF
Nine U. S. fliers rescued after four days adrift
Nine Navy airmen and Army crewmen were rescued after four days at sea in life rafts amid heavy swells near Oahu Island. Ensign P. M. Fisler steered a rescue plane to the survivors, saving pilots Lieut Earl J. Cooper and others, while the crew earned the Navy Cross for valor in the perilous recovery.
MENTIONED IN THIS ARTICLE
Associated Press
Honolulu
Siemen
Navy
PM. Pisler
Ivarshoe
W.C
Leonard Wagoner
Bakersville
N.C
Admaira Chester W. Nimitz
Pacific
Oahu Island
Hiad
Sem
Fisler
Earl J. Cooper
Stevens Point
Wis
Tirsi Pesce
Enstern Pisser
Corry Adopts Bond Issue Under New Municipal Act
Corry city moves to issue 910,000 in bonds to finance new street and fire department equipment and to retire existing obligations. City Solicitor Wallard Scott expects bids to open in January under the new Municipal Borrowing Act. Funds will buy a Bow fre trek for Second Ward, a new grader, and storage for department gear, with remainder covering the U. S. Radiator Property site. William S. Livengood Jr. comments explain the act’s purpose and testing existing law.
MENTIONED IN THIS ARTICLE
Corry
Wallard Scott
U. S
William S. Livengood, Jr
Hope for Manila Dwindling as War Presses Philippines
Washington dispatch reports major battle north of Manila with Philippine defense forces resisting. A Japanese submarine shelling of Hawaii caused no casualties, while U S forces warned of potential Pacific coast threats. Tokyo broadcast claims sank two steamers and bombed Luzon and Corregidor as Japanese task forces neared Manila.
MENTIONED IN THIS ARTICLE
Associtial
Washington
War Department
Manila
Philippine
Hawaii
Tokyo
Joti
Waers
Philippines
Luzon
Gorregidor
Mariveles Pres 5 Cay
Manirem
New Year Toll Hits Sixty-One Fatalities Across States
The toll from New Year celebrations climbs to sixty-one deaths nationwide. Traffic crashes dominate, with about forty fatalities, while other causes include homicides and in illinois incidents. States reporting notable counts include New York and New Jersey, with varied totals across regions.
MENTIONED IN THIS ARTICLE
Associated Press
Oni Abel
Yari Land
New Jemey
Pennsylvania
Weel
Also Mentioned on This Page
Babson
Anerden
Odlum
Pas Erlain
Germany
Italy
Hitler
Lok Hitley
Europe
Col. van Vliet
Col. J. R. Carvoth
New Malaya
Senate
Desperate Defense
Nazi Tank Corps
Ells’ Club
Hotel Corry
Shane
Jaquese
Iui
Texan
Chester W. Rimitz
Petal Barber
Mimits