02 Jun 1945
Page 1
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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jun 02, 1945
Page
1
chaotic trading extends as investors weigh inflation data and policy signals from central banks. Analysts cite volatility in equities and bonds with pressure on growth stocks and defensive sectors alike, while concerns over new sanctions and supply chains affect sentiment.
Fragmentary OCR text mentions numbers and places with uncertain meaning. Key names and context are illegible, leaving only scattered prices and items. No coherent event or subject discernible to summarize as a newspaper record.
Roger W. Babson cautions investors in a June dispatch from Babson Park Massachusetts about adjusting postwar profits and slumps. He urges selling lower quality bonds and overpriced stocks, avoiding long term bonds, and taking profits while remaining bullish on select stocks and suburban land for homes as inflation trends continue. He warns against selling the general stock market and notes prices may offer opportunities in certain utilities and chain store equities.
Heavy overnight storms flooded smaller streams, bursting banks from West to East and overrunning lower town flats. The Penelec system’s grinding filter plant at Raymond may have been shut by a lightning strike, while lines to the city and Lovell's Station experienced brief outages. Little fire or major damage was reported as maintenance crews work to restore service.
Wartime bond drive reports show Cory's district surpassing 4 percent of its quota with a county average near 31 percent. Erie city and county sales nearing 15 percent of the county total. the 7th loan awaits formal announcement and schedule near mid June.
Associated Press reports Governor Martin signed a motor vehicle safety measure in Harrisburg setting a July 1 1947 deadline for motorists without liability insurance to post security with the state or risk license suspension. The act, modeled after New York, aims to raise insurance coverage and requires accident reporting to the state with 60 days to secure adequate funds or prove coverage.
Gabreski, a flying ace, arrived by train from Chicago and spoke of staying in Oil City until shortly before his June lith wedding in Prairie du Chien. He greeted Kay Cochrane, his fiancée, after ten months in a German prisoner of war camp.
Dr Elmer Hess will speak at Corry Flag Day program in City Park at 8 30 p m The Elks and other local groups organize the event with Major orders and a parade The principal address will be delivered by Dr Elmer Hess a WWI veteran from Brie and the program includes Elks Male Chorus soloists Charles Lyons Union City and Mary Jean Sullivan The plan aims to mobilize senior high band and list participating organizations for a larger coordinated celebration next week
The state supreme court upheld a ruling giving Clifford Heinz Heintz III exclusive custody of his five year old son. Elizabeth Bald Heinz’s petition for a hearing was denied. An earlier superior court order placed the boy in nursery school while the father served in the armed forces. Both parents were granted visiting rights.
Moscow called for a peaceful settlement in the Syria Lebanon dispute amid reports General de Gaulle may skip an international conference. A Soviet foreign affairs note urged speedier measures to halt fighting and sought a postwar peace organization involving Britain the United States and China.
Lt. Sg. Pieter Nielsen, combat paratrooper missing March 24 over the Rhine, has returned to the United States. He arrived Tuesday at Boston Naval Hospital after being wounded in both legs and a shattered elbow. Nielsen spoke to his parents and said he is receiving good treatment and expects transfer to another hospital soon.
Washington June 3 OPA announces a county distribution plan to share the meat shortage burden. Bowman Bowles describes a fair plan diverting commercial mass casualty relief efforts and prioritizing essential public safety meat shipments nationwide.
Recruitment efforts for Company A in Venutt near Oil City show progress with nearly thirty enlistments, though objections on medical, age, and other grounds loom. An appeal for more volunteers follows as the entire Corry Gusta wise unit travels to Oil City for rowing operations and training. Officers from Meadville and Franklin units join, with some preparing to depart June Wah for Willey Forge Military Academy training from June 18 to 17, and the Fifteenth Regiment plans a summer training period through July 4.
In Montevideo exiles and expelled persons fear criticizing the Argentine government of General Edelmiro Farrell. They provide information about censorship, doubt any announced elections, and note decrees shielding national defense while failing to suppress criticism. Readers in Argentina know little of abroad criticism.
AP dispatch from Washington reports an American diplomatic mission led by Alfred Blievotsky reaching Prague to establish an embassy in Czechoslovakia. Paris notes Eisenhower marks the first anniversary of D‑Day as a Allied holiday. New York reports Liberty ships converted to troop transports docking with 775 veterans, including the 45th Thunderbird Division, for furloughs. Calcutta says British empire troops killed 122 Japanese soldiers near Prome. Pittsburgh coverage includes talks with miners and operators over wage increases under the OPA.
City officials plan informal Sunday meeting with Penelec representative and Monday session to review franchise terms. Officials debate proposed financial arrangements, street program, and payment for improvements while addressing local bids and utility repairs.
Bernard Morris, a Spar tansburg native, among early American POWs in North Africa, recounts five months in German camps and 22 months on a large vegetable farm near B2, where he endured long days, limited meat, and scarce rations while noting occasional better conditions and reunions en route to his farm home.
Headlines recount the final Okinawa battle with heavy U S casualties and Marine actions. Halsey resumes new blows against Japanese forces as the closing stage unfolds.
Massive air assault reports say about 200 carrier based fighters aided by Superfortress raids over southern Japan. Admiral Nimitz announced Okinawa campaign to pressure Japan while ground forces in the Pacific push toward Shuri and Naha as Japanese defenses collapse. Osaka fires and smoke rise as civilian areas endure a harsh bombardment with widespread damage and evacuations.
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