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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jul 12, 1941
Page
1
The commentator notes that if you avoid dividend paying stocks you could secure a high yield elsewhere. It argues stocks have been cheap relative to dividends in recent years and suggests cautious evaluation of market opportunities despite past price levels.
A fragmented analysis notes workers on strike at 509 with up to 1% on strike worst case and over 40% in some sectors. It argues wage increases boost costs but diversified investments can still yield profits in chain stores and consumer stocks despite labor tensions.
Beirut reported that General Denis of Vichy Syria entered armistice talks with the Allied delegation after France rejected British terms. The exchange marked a shift as fighting along the Syrian Lebanon front reportedly ceased at midnight, with ceasefire orders and discussions focused on military terms.
July 12 the House leaders agreed to restore departmental appropriations cut by Governor James, bringing total increases to over 25.65 million dollars before adjourning the 1942 legislative session. The general appropriation bills were part of the agreement to end the session.
Egyptian officials report Axis raiders struck the Suez Canal early today, causing material damage and fatalities. Six dead and fourteen wounded as alarms sounded in parts of the delta.
Standing committees of the Corry Hospital Association were announced by Clifton M. Howard. The list includes Audit ing chaired by G G Barker with D Armour Hillstrorn and Mrs D W DeRosay. Buildings and grounds chaired by D Warren DeRosay with FR J Feele E B Mawliffs and Mrs Carl Taylor. Finance chaired by C F Brown with G G Barker S B Elston E E Hawkins. Groceries provisions and laundry supplies chaired by W P Gombard with S J Irvine Mr Goon and Supt. Coon with Mrs R E Mosier. Furniture and linen supplies chaired by R J Fogle with D C Smiley Supt Coon and Mrs F M Loveland. Medics and surgical supplies chaired by C Smiley with D T Brown D W DeRosay Dr W W Graham Supt Coon and Mrs Joseph W Gnignon. Files and admission of patients chaired by E E Hewkins with D Armoul Hillstrom D M Howard W P Lombard and Mrs C L Alexander Mrs M R Greene. Visiting committees listed by months with chairs Barker Brown Hillstrom and Bilston and other members guiding each period.
Police report a steady drop in arrests for traffic violations as a new patrol program and stricter penalties take effect. Chief Flanigan said observance of stop signs improved citywide, with fewer infractions for speeding and reckless driving and hearings set for offenders.
The International Christian Endeavor Society urged a world government with military power to enforce laws. The plan envisions a United States of the World with open boundaries for raw materials and collective administration of colonies and eventual cancellation of U S debts. Separately, Berlin reports a British submarine sunk by a German air attack and a 7,000 ton freighter destroyed near British waters.
Scores of dunamns quiestwt naires are mailed this week by the Union City draft board. Readables include names and addresses of registrants such as Walter Scott Porter of Mill Villages Theatres Stormes 112 W Pleasant Street Corry and many others across Union City and surrounding towns.
Washington July 12 Indies Viduel House members push to raise the pending 3.504 billion tax increase bill to meet Roosevelt’s 8.093 billion supplemental appropriations. Ways and Means debated the broader spend plan amid new lend lease requests shaping the 1942 tax program. Some members urge caution while others warn of national needs and broader fiscal impact. President Roosevelt said spending may not derail the tax framework and a yearly tax bill could be expected.
Corry Public Schools board of education will meet Monday evening to discuss vacancies created by resignations and leaves of absence. The agenda includes screening teaching applicants, routine reports, and communications. Material for a new fence around Loveland Field at the junior high will be shipped July 16 and erected soon after, purchased from Cyclone Fence Company.
Harrisburg July 12 motion to alter the motor code to permit limited licenses for speeding workers. The 60 page revision grants the secretary of revenue discretion to issue restricted operator cards allowing commercial drivers to operate during business hours after a speeding conviction, subject to penalties and suspension rules.
Washington July 12 Senator Bone of the naval affairs committee urged immediate withdrawal of British troops from Iceland to prevent a Nazi attack that could draw American marines into combat. He warned joint American British occupation risks German attacks and requires the United States to respond. Similar views were voiced in Rome and reported during the naval affairs committee session.
John Dorrance, heir to Campbell groups fortune, was inducted as a private in the army amid 450 others. He studied geology at Princeton and will serve with artillery. He inherits a $150,000 trust and a $20,000 monthly allowance from his father’s Campbell Soup legacy.
Dairy producers in Corry and nearby areas credit Mr Young with unifying farmers and pushing for market stabilization and higher unit prices. The Dairymen's League, led by President Preddi Sexauer, notes coordinated efforts among farmer groups and a hoped hearing on revising the marketing order.
SEMINOLE Okla July 12 Gap per Earl Whitney who for seven years maintained separate homes for two women today found that both were legal wives. Two Courts granted them divorces and the woman concerned was legally married to Whitneys. Oklahoma City District Judge Clarence Mills recognized Mrs Mary Whitney as a legal wife and granted her a divorce and $250 monthly for the support of five children pending final property settlement.
U S authorities moved to seize one German and 15 Italian merchant ships as preliminary steps toward full confiscation. The vessels were among 28 Italian and two German ships placed in protective custody by the Coast Guard on March 30, with some showing sabotage. A Dutch submarine serving with British forces reportedly sunk the 9,000 ton tanker Lydien in the Mediterranean.
Berlin reports German shocks storm fortifications along the Stalin Line on the northern Russian front. Moscow says Red Army massed and awaiting renewed drive, with two day lull continuing and heavy Russian air and artillery activity reported around Pinsk. The front near Vitebsk and Orsha indicated advances toward Moscow, while Soviet communiques note attempts to destroy pontoon bridges and reinforce defenses.
Harrisburg July 12 A vote in Donaldeon Schuylkill county saw independent miners and private detectives beaten and shot. A Senate committee released a resolution by Senator Jon Dent requesting a five man Senate committee to investigate conditions in Schuylkill County leading to the dispute. The committee removed the provision for an immediate tebore by the committee.
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