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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jun 30, 1958
Page
4
New York voices warn July may mislead on recovery. Steel, textiles, and aluminum show mixed signals as plant vacations and wage boosts distort short term data. Unemployment and personal income figures may rise, but many gains are auto wages and retroactive pay, not broad gains.
Federal education funding would supply 980 million in scholarships over four years under a House Education and Labor committee bill. Chairman Graham Barden of North Carolina walked out in protest as debates echoed past failed attempts. The plan proposes 21,000 scholarships with a minimum of 500 dollars yearly, and higher awards up to 1000 dollars based on need, to boost science math and engineering college attendance.
Defense orders remain a key economic prop with a forecasted gradual rise through the coming year. May contracts reached 1.535 billion, April 1.213 billion, and March a peak 2.512 billion, while the fiscal year starting July 1 expects major procurement at 17 billion.
A Westchester County study of eight years and 83 fatal one car crashes shows 41 drivers with alcohol in their blood and 68 percent of passengers and 57 percent of pedestrians testing positive for alcohol. The report accuses suburban living of inviting deadly crashes as cars become the primary transport. A separate Butler, Pennsylvania fire killed Mrs Josephine E Shannon, 72, in her home.
A 1938 Corry column reports Chamberlain’s government survive by a Commons revolt over summoning 11 members before a military fribonal. Traffic at Wheel-In station notes Pacific and Western coast influence. City Council posts July 6 meeting. Douglas Titus dies in Buffalo after heart attack. Corry police to get a new Dodge patrol car by midweek. C. G. Crawford named state commander of Spanish War Veterans at Conneaut Lake Park convention. Corry delegation attends.
Businessmen across the nation report mixed signals with some saying the recession has bottomed and others noting ongoing weakness. Auto dealers suffer while farmers remain comparatively steady, and consumer spending remains restrained amid uncertainty about the future.
Ed Hayward of the Greater St. Louis Automotive Association says 1958 will not be profitable as the auto business is dead. Milwaukee banker Carl Flova notes people cut spending on cars for trailers and boats. Utah farmer Benson calls the drought a farming back East era. Des Moines businessmen cite rising indicators despite weak appliance and car sales. Syracuse office worker Markert says people stretch pay and can do without cars, focusing on food.
In Harrisburg the governor salutes State Trooper John Aneskievich for courage arresting an armed man attempting to abduct two women near a Pennsylvania Turnpike restaurant on May 28. Aneskievich blocked the suspect with his police car at the King of Prussia area, disarming him despite a pistol in the suspect’s possession.
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