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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
May 04, 1923
Page
2
United Press reports New York May 4 selling pressure returns as wide margins erode amid declining market sentiment. Industrial stocks suffer losses with notable declines in steel and other sectors while sporadic rallies momentarily lift indices.
A crowded market close list includes many oil and industrial firms such as Logan & Bryan, American Petroleum, Pan American, Mexican Petroleum, Great Northern, and General Motors among others, with scattered references to railroads and chemical groups in a dense, OCR-like compilation. A separate alert notes a distant explosion incident in Brennin injuring warehouse workers, with casualties and local checks ongoing.
The 12 year old Tony Penni was found in North East after being reported missing from Erie. Chief Strickland located him Thursday, and authorities say he is safe with his family.
Bids for an Amity Township project were opened at an unspecified location on an unclear date. The records show bidders such as Devine Company and listed sums including 42.000 and 145, though many names and figures appear garbled.
Independent groups push for price reductions tied to oil controls. The report notes anticipated drilling activity and lingering agreements shaping market expectations as prices face reductions.
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