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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jul 13, 1946
Page
1
Unclear OCR fragment references debt levels and bank actions as isolated departures occur. Mentions Teor vintions and waning loan activity amid fluctuating figures. No clear date or named entities sufficient for precise reporting.
Babson Park July 1 A book from Harper & Brothers titled Looking Ahead predicts five-year trends in investments new industries farming and small business with a warning that mass unemployment will end and wages may stay low The author advises seeking 5 percent investments with safety and cautions against bonds without favorable terms He foresees continued employment for many and a shift away from widespread labor unrest indicating political and economic changes ahead
The Ajax Tron Works reports rapid progress in its construction and development program led by Rugnal Jat. Key offices were moved to the second floor on North Center street, with West Washington street space allocated for new engines and executive offices. A new building will house the cleaning department, featuring a large shiveling crane. The first technical staff from Superior Engine Co of Springfield arrived, with others expected soon to join Ajax in expanding gas engine production and steam specialties. Eugene Clark and Howard Rehnberg are among the engineers being brought to the Gorsy plant to oversee drilling engines and related work.
Erie County including Corry is designated District No. and a 19 cent per quart retail price is proposed for the new order to be announced Monday. Corry may join District 7 with the 19 cent rate, while nearby counties see varied prices. Pittsburgh area expands, and broader area realignments include multiple counties with 18 to 20 cent proposals. The State Milk Control Commission deferred formal issuance until Monday after meetings with producers and dealers to boost milk prices and curb out-of-state shipments.
A freight wreck on a Pennsy line near Kane east of Cory disrupted service. Wreckage stretched for miles as 36 cars piled up, with two damaged cars carrying electric generators and heavy equipment. Detours routed No. 581 via Emporium Olean Warren to delay schedules. No. 970 eastbound to Warren via Olean detour. Authorities cited track defects or shifting wreckage as likely causes.
Twenty Filipino women were kidnapped today at Mayantoc village in Tarlac by an armed band identified as Hukbalahap fighters. Officials cite possible retaliation after a clash that killed 18 police and one soldier, with fears of mistreatment and uncertain motive. A second report notes heavy fighting near Lubag La Pampanga, with claims of a detachment of 50 guards killed and ongoing violence.
Corry banks describe lively retail and industrial activity with strong deposits. Citizens National Bank reports a 300000 rise in six months for savings and commercial checking while National Bank of Corry notes over 200000 annual gain. deposits and consumer demand remain healthy though proceeds from Series E era securities appear cashing faster.
City council plans a split second meeting with a Board of Health session. Tarvia payment program petitions, north side street improvements, water service extensions, hydrant installation, and sewer complaints on West Congress and Center and Main streets are poised for discussion. Possible actions include condemnation of properties and nuisance eliminations from prior steps.
Pittsburgh July 1. Two Pittsburgh area youths died yesterday in separate incidents, while an unidentified elderly man was recovered from the Ohio River at Ambridge. The youths are Corporal Edward Matilavas, 18, of Springdale, drowned in the Allegheny River at the Sylvan Canoe Club Verona, and Donald Cochran, 12, of Wilmerding, who died at Blue Dell swimming pool near East McKeesport. The coroner said the man was 80 to 85, five feet eight, blue eyes, sandy hair, mustache bald, no teeth. The body had been in the water less than 24 hours.
Local eateries survey shows chefs anticipate immediate price increases for several items as beef and lamb prices climbed. Operators cite higher costs and limited menu adjustments, with some items rising to seven cents and possible further hikes by July 19. Patrons should expect higher meal prices next week across many venues.
Concord township plans resurfacing on all major highways including routes 040 342 083 with possible additions. A heavier curfew and improved surface treatment will be used on Route B07. State Highway Department crews will lay crushed slag and road oil with stone, using rolling to finish. Separate note: Amistee strike of 209,000 workers ends after two weeks of disruption.
An Associated Press report notes a U S Army patrol clashed with Yugoslav forces after crossing the Morgan Line near Avisinin southeast of Caprivtiv. One Yugoslav soldier was killed and another wounded as firing followed an exchange of shots. U S patrols advanced, encountered a second Yugoslav group, and withdrew to Marisina. White House investigation ordered.
City engineer Williams reports a 32 percent rise in recorded transfers January to July. This year 73 more deeds were logged than in the same period 1947, with 220 transfers in the first half of 1948. Values often note only nominal consideration, yet prices appear higher than previously, reflecting stronger local real estate activity.
Howard Hughes remains in a stubborn struggle for life with friends and well wishers at his side in Los Angeles. President Truman sent a telegram expressing belief Hughes will win this fight. A prior setback was reported with no new bulletin issued, suggesting little progress from earlier reports.
United States House vote marks a decisive win on a 3.75 billion dollar measure as officials in Washington report a strong political victory. In Stockholm the Swedish exchange rate suggests depreciation of the dollar, while Rome reports a Yugoslav premier wounded in Zagreb. Soviet progress indicates rapid recovery in industry and rail, and a Philippine air crash near Tsinan leaves 46 dead or injured with three survivors.
The Quonmet hub desimon Ore property houses a new all steel war type building. It is twenty feet wide and sixty feet long with circular domed ends, designed for military encampments. Built by Great Takes Steel Company north of the Joan facility on First Avenue, it features folded steel frame walls and galvanized exterior. The Corry firm will use it to store paints and inflammables in large quantities.
In Washington the Senate approved a toned down OPA revival bill by 32 to 15 aimed at restoring price controls as of June 30 and reinstating rent controls with state takeovers, while excluding dairy products and several other commodities. The measure, seen as a step toward a broader extension vetoed by President Truman, heads to the House for possible quick action.
The Rexall Drug Store in the Babbitt building on North Center Street closed last evening as most stock moved to the new Widman Drug Department Store in the former Brown building across the street. The soda and lunch department is not yet operating and stock is limited but daily service will continue. The post office and office are operating at the new store, with a grand opening planned once stock arrives and departments are fully ready.
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