Securities Outlook By Roger Babson
A condensed alphabetical resume of leading industries with wartime and postwar outlooks. Agricultural equipment profits up as farm prosperity supports demand. automotive near fully war production. aviation weak in manufacturing but postwar transport boom likely. banks earnings moderate. building faces housing slump but poised for war end boom. chemicals vulnerable to excess profits taxes but aided by research. dairy stable with government orders. department stores hampered by rationing. electrical equipment strong but taxed. financial companies hurt by credit restrictions but postwar favorable. fire insurance steady with solid dividends. gold mining clouded by controls, potential rebound after inflation. grocery chains stable. machinery a war boom then retreat. mail order weak but strong long term. meat packing higher profits. motion pictures improving. paper wartime prosperity but uncertain postwar demand. petroleum inflationary with excellent long-term outlook. railroads aided by war but tax heavy. railroad equipment solid due to armament. rayon hampered by restrictions. shipbuilding booming. steel key industry with uncertain afterwar. sugar benefiting from Pacific shipping.
MENTIONED IN THIS ARTICLE
Roger Babson
New York
Ing
Rayon
Allied Leaders Weigh Axis Push in Strategic Conference
Washington reports indicate President Roosevelt and Prime Minister Churchill plan counterblows to a summer Axis offensive across Europe Asia and Africa. Observers expect Allied leaders to weigh Mediterranean and Pacific threats while aligning force deployments to blunt German and Japanese moves toward Egypt Suez and the Caucasus, with intelligence of troop movements guiding decisions.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Churchill
Europe
Asia
Africa
Howe
European
Berlin
Tokyo
Londion
London
United States
Mediterranean
Luee
Pacific
China
Elberia
Aleutians
Siberia
Western Desert
Egypt
Suezanal
Italy
Greece
Thaly
Crete
Caucasus
Suez
Syria
Turkey
Argument In Saloon Ends In Tragedy
Walter Porter 29 of Milville is dead from a stomach wound after an argument at Allied Trades Club of Lake Pleasant. Joseph Scott 28 a bartender discharged a Colt revolver during a struggle with John Oldt. Porter died hours later. Scott and Oldt are held in Erie with charges expected.
MENTIONED IN THIS ARTICLE
Walter Porter
Mil Village
Allied ‘Trades Club
Lake Pleasant
Corry
Porter
Joseph Scott
Scott
John
Red) Oldt
Henry Shewik Company
Ajix Tran
Old
Oldt
Erie
Olde
Charles Anderson
Union City
Hve
Hnally
Old’ Pollen Be
Corty
Tim
Mull Village
Union City Hospital
C. M
Honor Thy Son Father’s Day slogan in wartime
Spokane reports founder of Father’s Day proposes a war era slogan Honor Thy Son for 1942. Mrs John Bruce Dodd, who started Father’s Day in 1910, notes sons serving in army navy or marines crave home news and urges dads to dedicate the day to the boy in uniform by writing long personal letters full of family and neighbor news.
MENTIONED IN THIS ARTICLE
Acres
Spokane
Wash
John Bruce Dodd
Navy
Marines
Wardens Conduct City Home Checks For Blackout Tests
Corry air raid wardens will inspect homes after dusk next Thursday to test a partial blackout preceding a county wide dusk to dawn alarm. The plan, outlined by Chief Air Raid Warden Walter H Scott, calls for strict enforcement of blackout rules and potential prosecution for violations.
MENTIONED IN THIS ARTICLE
Corry
Pennsylvania
Walter H. Scott
Erie County Civilian Defense Council
New Kensington Teacher's Body Found in Ohio River
Frances Bryant a 34 year old home economics teacher at New Kensington High School, missing seven months, was found in the Ohio River near Seymour Street at 2 45 PM. Her abandoned car was located on Freeport Road near the Hulton Bridge two days after her disappearance. Decomposition and a dental plate aided identification.
MENTIONED IN THIS ARTICLE
New Kensington
Ohio River
Associated Press
Pittsburgh
Frances Bryant
Ihew
Hoffman
Mokeesport
Miss Bryant
William Bryant
Draynsburg
Second Street
Dravesbore
Charles Avenue
Nine More Ships Sunk Cuba To Be Naval Base
A dark day in the Atlantic sees new anti submarine measures as Cuba offers facilities to the United States War Department for training and operations. The toll of cargo ships sunk near Cuba rises with nine more vessels reported, including several American and allied ships. Prisoners were transferred to a Dominican ship, while warnings against further attacks were issued and continued operations noted.
MENTIONED IN THIS ARTICLE
Cuba
Associated Press
Five Nation
Atlantic
Ad- Javon
Atlatic
Pearl Harrop
State Department
Washiagen
United States War Department
Agius
United States
British subs say three Japanese ships sunk in Malacca Straits
British admiralty says submarines attacked in the Straits of Malacca. One very large vessel was sunk and another large Japanese supply ship torpedoed. The Straits separate Malaya and Sumatra with Japanese vessels in the area. The announcement notes successful interceptions and ongoing Allied coastal actions.
MENTIONED IN THIS ARTICLE
Associated Press
Iyndon
Britsh
Mavod
Admiralty
Admirity
Mamnery
Upey
Jlan
Straits
Allseked
Ips
RAF Fights and Sevastopol Battles Reported in War Bulletins
London dispatch notes hundreds of RAF fighters renewing assaults on German occupied France as Sevastopol defenses struggle and Ukraine action continues near Kiarkay. German claims of pressure around Sevastopol persist while Moscow remains silent on Smolensk rumors and ongoing Crimea operations.
MENTIONED IN THIS ARTICLE
Associated Press
London
Rast
France
Berlin
Sevastopol
Ukraine
Kiarkay
Severnaya Bay
Moscow
Red Army
Smolensk
Crimea
Merchants Meet Monday on New Credit Rules
Retail Merchants Bureau of the Golden Rule Club plans a Monday afternoon meeting at the Municipal building to discuss publicizing the new federal credit regulations. The rules require old accounts contracted before May 1 to be paid by May 10 or a new payment schedule arranged. The group hopes to inform customers about the provisions and effect on retailers and trade.
MENTIONED IN THIS ARTICLE
Merchants Bureau of Golden Rule Cru
Merchants’ Bureau of the Golden Rule Club
Hobh
Vantin
Buyeaw
Central Garage Burglary Solved in Quiet Inquiry
State troopers arrested Bartercreek and two Evie mien suspects, tied to a February burglary at the Central Garage operated by Le Wy Guay on East Lumbh Street. Names include Anthony Stanley Cee Tenska, J Grockowski, and Tatetn Ul Harborcreek. Police pressed the case. three held for hearing.
MENTIONED IN THIS ARTICLE
Bartercreek
Evie Mien
Lewy Guay
East Lumbh Storet
George H- Gotcom
Ivest Bmmmlasy
Anthony Stanley Ceetenska
East Und Street
Ropad J. Grockowski
Eust and
Erie
Fe UL
Harborcreek
Cezenski i
Garaige
Cady
Shthornes
Nazi Terror At Peak With New Purge Reported By Associated Press
Nazi terror reaches new heights as reports describe purges expanding across Europe. In London the Polish government in exile cites mines and executions, claiming 22 women among those taken from Warsaw and shot. Purges also acknowledged in Vienna and Austria’s Lower Danube region, signaling a broader Nazi crackdown and possible spread to the Reich. A drowning tragedy in Marion, Pennsylvania, claims two-year-old Sarah Watson after she fell into a crock of water at home.
MENTIONED IN THIS ARTICLE
Europe
London
Poland
Wasi
Warsaw
Poznan
Vienna
Lower Danube
Austria
DNB
Babe
Crock Point
Marion
Sarah Watson
Wilan Hil
Seventy-Eight County Fairs In State Go Ahead With Plans
Harrisburg report says nearly 80 Pennsylvania county fairs proceed with 1942 expositions despite a request from the Office of Defense Transportation to defer to conserve rubber and gasoline. Swoyer of Reading lists 70 counties honoring original arrangements as educators hope to continue educational work even if the state show is cancelled.
MENTIONED IN THIS ARTICLE
Weremo Tafe
Harrisburg
Pennsylvania
Office of Defense Transportation
Charles W. Swoyer
Reading
Association of County Parys
Lsted
Claude R. Wickerd
U. S. Secretary of Agriculture
Swoyat
Tafr
John H. Light
Hr Industrial Training
Berlin claims destruction of Sevastopol in bold drive
German propaganda centers report a huge offensive across the Caucasus and into Egypt, declaring Sevastopol destroyed and signaling bold Axis advances. Two columns halted near Moyo while push toward the Egyptian border continues, framing a widening war scope.
MENTIONED IN THIS ARTICLE
Caucasus
Egypt
Moyo
Egyptian
Hitler presses invasion as Sevastopol fights on
British dispatches report Hitler urged Laval to cede French merchant ships to Germany and aimed at a broad Middle East invasion. The seizure would open routes to the oil-richCalatus and link to Beyrut and the Suez. Sevastopol battles rage with heavy losses, while Auchinleck braces for a potential Nedl onslaught and Libya action looms.
MENTIONED IN THIS ARTICLE
Associated Press
Adolf Hitler
Middle East
France
Pietre Laval
Mediterranean
Germany
Sumer
Egypt
Iraq
Persia
Turkey
Hitler
Sevastopol
Crimean
Catalus
Beyrt
Suez
BBC Broadest
Mosscow
Bevastopol
Furtbusy Desal
Volunteers Aid In Rationing And Registration Effort
Volunteers will assist in wartime sugar rationing and canning registrations as a rush to register continues. The Senior High School on West South Street will host registrars on Monday Tuesday Thursday and Friday afternoons from 1 30 to 5 00. The Municipal building office opens 9 am to 12 noon except Wednesday with extended hours.
MENTIONED IN THIS ARTICLE
West South Lstreet
Putia
Also Mentioned on This Page
Babson
Corry Evening Journal
Axis
United Nations
U. S
Mill Village
Sush
Embden
Osmabuck
Navi
Holland
Shanghai
War Department
Wake tAland
Bern
Pope Piis
Vali
Can City
Snday
Central Garage
Associated Pres
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