20 Mar 1957
Page 1
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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Mar 20, 1957
Page
1
The report notes an operating loss in 1956 of 817,408 linked to 3,185,585 in assets and 1,198,545 in 1955. It cites 1985 tax claims boosting the net loss to 473,018 and mentions 1959 earnings and a board plan to curb further hefty losses. Lea Staniss, president, says the directors demand no further large cuts to avoid major layoffs.
Aero to show profit in Feb March for the second month in a row Avro remained "In the black" Teo Struies Avro president disclosed this morning. Profit around $4,000 and shipments 10 be made from the local plant late. Remaining about as per cent ahead of February final March figures expected. Repeats of changes and costs noted, with net gain shown and build costs detailed, but continued on Page Eight.
In Corry the year brings a city race as 19 residents seek two ward seats and council posts. Only Harry Powern appears in unified opposition to the Republican ticket while Democrats field a slate. nominations close soon with drawing and filing logistics set for the May 4 primary and May 11 general election dates.
The article notes 44 year old Fuueoe of New York praised for writing about works of Scl Shin Juljigwakab Any Tardneey Sherwood. It mentions Menckins Widget Lee Minsters Carl Sendburns Hoh Hoaht and Willa Gathers, who traveled to Fulton, Kentucky yesterday.
A blast at the Merck and Co vitamin laboratory in a three story plant killed three men and injured eleven others. The explosion occurred on the first floor as workers handled vitamin A materials. Five briefly escaped the fire, others were treated at the plant dispensary and Rahway Hospital.
President Eisenhower and British Prime Minister Harold Macmillan met on an Atlantic island to repair British American cooperation in the Middle East. They planned frank talks on Israeli security interests in the Gaza Strip and shipping routes via the Gulf of Aqaba and Suez Canal, aiming to restore understanding and friendship.
Corry Chamber of Commerce prepares and distributes a new community directory listing member businesses with phone numbers. About 3,841 homes in Corry Columbus areas will receive the directory by mail, with 1,052 copies sent to Corry rural routes and district offices. Residents are urged to watch for the booklet and use its information.
Harrisburg Republicans press for final House clearance of a 3 percent sales tax plan. Senate approved the measure 27 to 22 after debates on exemptions for manufacturers utilities and shipyards. House actions and conference talks aim for quick concurrence before Gov. Lender's desk.
Mead Park will undergo about 53 000 in improvements this year including a hillside restroom eight stone fountains three new fireplaces new benches and tables a used tractor and year around maintenance total park upkeep is expected to reach 7231 Extensive street repairs are planned for spring and summer trout and pond stocking are scheduled by federal and state commissions 88 skating days and around 4000 visitors noted by park caretaker Clifford Long A brick fireplace near the main pavilion will be replaced and new pavilion signs and directional markers added Also Senator Byrd urged a 12 percent cut in defense department staffing in the Washington area
Indictments shake the Teamsters scene as Jimmy Hoffa and co defendant Hyman Pischbach face federal charges of conspiracy and bribery over seeking Senate rackets. Frank Brewster, Beck successor, under scrutiny as Senate investigators demand access to union funds and expenses. Brewster disputes cross charges and pledges cooperation amid mounting questions about dues, racing costs, and gifts.
Dag Hammarskjöld departed New York for Cairo to confer with Egyptian leaders on Gaza, the Gulf of Aqaba, and Suez Canal issues amid rising tensions that could spark a new Middle East war. He aims to clarify UNEF duties and potential troop moves as Israel and Egypt trade warnings.
Weather report notes spring arrival at 4 17 pm as sun crosses equator and moves north. Cory district records six inches of snow with lingering flakes and a low of 30 above, while yesterday’s precipitation totals about a quarter inch of rain and sleet.
A 10 year old girl identified as swalley epee remains in hospital after a crash on East Main Street near Concord Street. The driver, Wilbur Bruce Repine, 20, of Falconer, is due in Erie County Court tomorrow to plead guilty to drunken driving.
Secretary of State Dulles departed for a U S Bermuda conference saying he held hope for good results. He spoke at National Airport amid questions on the Middle East peace process noting progress but fluetulations up and down. He declined to comment on an Egyptian six point canal proposal and said the issue was not the leading topic for the Eisenhower Macmillan talks.
AP reports Philippine President Ramon Magsaysay died in a plane crash amid suspicions of political enemies. In New York, wholesale food prices surged per Dun and Bradstreet, index rising to 620 with a year ago up 40 percent. Pittsburgh police officers Chiarelli and Smith face court on charges of criminally outraging a 90 year old woman. Wayne unfinished day procedures noted amid local reports.
Washington leaders privately floated the idea that cutting government spending by three to four billion dollars could trigger broad tax relief. If the budget is cut substantially, tax cuts might be delayed until next year when a concrete surplus is known. President Eisenhower estimates a 1.7 billion dollar surplus this year and 1.8 billion for 1958, potentially shaping tax relief debates. Representative Mills says a large surplus from spending cuts could prompt tax reduction but inflationary concerns and debt reduction aims keep relief uncertain.
The National Bank of Corry files suit in Will County courthouse to recover 5623 dollars from Sparta Mill in Spartanburg through Taliber Woolen Mills for loans made between September 1956 and September 1957. Defendants Leila Donahey of Sparta Township and RR Weller of Tidioute, operators of the plant that makes comforters and woolen items, are warned.
Six Peronista leaders who escaped from a Rio Gallegos prison and fled to Punta Arenas Chile face a decision on their asylum pleas. Argentina seeks extradition on criminal grounds, arguing the fugitives are criminals, not political prisoners, under a 1904 treaty. Chile will determine whether to grant asylum or extradite the men.
Investigators ruled out sabotage in the crash that killed Philippine President Ramon Magsaysay and 95 others. Col. Ricardo Papa said evidence from the Cebils 14 landing crash showed no foul play, while the lone survivor reported no explosion. A mourning vigil drew nearly 200,000 Filipinos as Magsaysay lay in state at the palace before Friday funeral with wreaths from Eisenhower.
Washington reports Egypt proposes operating the Suez Canal under the 1888 agreement while seeking international cooperation. Senate foreign relations members find the plan unsatisfactory but potentially opening a path to settlement if Egypt shows good faith and adheres to the letter and spirit of the treaty. No firm support yet, debate continues.
Britain faces a growing strike wave as railway workers join a planned nationwide walkout. The National Union of Railwaymen rejects a 3 percent offer from the British Transport Commission and warns of a 24 hour delay to services as other sectors like shipyards and engineering plan phased actions. The backdrop includes wage awards and looming plant stoppages, with potential to paralyze exports and imitate the 1926 era general stoppage.
De Valera, the American-born leader of Fianna Fáil, forms a government in the Irish Republic after a 78 to 54 Dail vote. He secures a majority and resumes the premiership after years in opposition, succeeding rival John A Costello.
Washington observers sharpen debate on whether President Eisenhower will ask Congress for standby powers to regulate consumer installment credit. A Mass study in Boston warns of rising installment debt, with experts noting potential effects on stock markets and economic cooling. The report concludes policy makers remain cautious about granting extensive regulatory authority.
Laryrehoe Jewell 41 of 320 South enter street was arrested after Cameron Woes of 119 Wright street reported threats of violence toward his daughter following a breakup. Police say the girl was frightened near East Washington Street and Paple Street and her parents sought protection. Jewell posted on bond for disorderly conduct charges.
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