Babson Sees Price Trend Amid Market Optimism
Roger Babson in New York May 18 predicts ongoing price inflation and a rising Dow Jones Industrial Average, potentially reaching 326 and then 260. He notes investors shifting from rails to industrials, with commodity costs driving how readers pay for basics. A National Housing study shows home costs rising sharply, contradicting broader wage gains, while overall prices reflect supply and demand beyond labor unions.
MENTIONED IN THIS ARTICLE
Roger Babson
New York City
New York
OPA
National Housing Agency
Hre
Pacific Coast
Local RR Strikes Loom as Corry RRs Readies 4 PM Action
Corry division workers from Pennsylvanian and Erie railroads prepared to quit at 4 PM as union leaders in Cleveland and Erie planned a conference. Early reports indicated limited activity across the Old City and Buffalo divisions with trains slowing, while yard conductor Edward Walsh was named Corry group chairman.
MENTIONED IN THIS ARTICLE
Corry
Pennsylvania Railroad
Erie Railroad
Brotherhoods of Engineers
Truman
Cleveland
White House
Old City
O City and
Buffalo
Bile and Renovo
Oon
Fennsy
Erie
Notn
Corryeres
Edward Walsh
Bread Shortage Looms for Corry Retailers Soon
Corry stores face tightening bread deliveries as Erie and Jamestown bakeries cut shipments. Only certain rolls avoid curtailment while overall supply declines. peak shortages expected in three weeks with end June relief unlikely. Firch Company in Eris trims four car shipments to three. loaf weight reduced to stretch scarce stock.
MENTIONED IN THIS ARTICLE
Corry
Erie
Jamestown Bakeries
Midwest
Firch Company
Eris
Jamestown Business Leader Alfred Davis Dies at 70
Alfred Cooknan Davis, 70, president and general manager of Marlin Rockwell Corp, died yesterday at his Jamestown area home in Stowe. Davis served as a director of Erie Railroad and chaired boards at First National Bank of Jamestown and Ark Metal Construction Co.
MENTIONED IN THIS ARTICLE
Jamestown
Alfred Cooknan Davis
Marlin- Rockwell Corporation
Stowe
Davis
Erie Railroad
First National Banke of
Ark Mietal Construction Company
Jamies Utayes
Week Remains In Coal Truce Amid Deadlock
Washington May 18. Government, salt mine owners, and United Mine Workers said no immediate change in the contract dispute. With a week left, UMW’s 400,000 miners hold firm on welfare and price demands while operators resist. O’Neill in New York and Lewis backed by the AFL exec council vowed continued pressure until victory. President Truman’s proposal to abate the dispute faced uncertain reception as plans for weekend travel surfaced.
MENTIONED IN THIS ARTICLE
Associated Preag
Washington
Salt Com Mune
United Mine Workers
Dona Lewis
Whiv Lewis
UMW
Pls
Charles O'Neill
Lewis
APL Execuive Council
Econation
Benith Pid Welfare
O'Nel
Truman
Uenwriers
Laterhey
Prithan
Indemen
Papluul
Ghiwrlns
G. Ross
Levy
Boll
Hammond and Ewing buy Bissell Mill in Corry
The Corry Operating Company has purchased the Bissell Lumber Company property owned by Gerald A. Bissell. Fred Ewing of Baldwin Brothers Paving Co and Worth Hammond organized the purchase. The firm plans to operate the mill on the former Wu- Clank Titanite explosives plant site along the Pennsylvania Railroad.
MENTIONED IN THIS ARTICLE
North Corry
Corry Operating Co
Corry Operating Company
Bissell Lumber Company
Gerald A. Bissell
Juist Marth
Fred. Ewing
Baldwin Brothers Paving Co
Worth Hammond
Corry
Tater
Bradford
Pennsylvania Railroad
Herth
Hammond
Bissell
City Gets Second Gas Tax Check in County List
A Harrisburg notice details a second installment of 8824 for the city and county under a new gas tax law aimed at aiding municipalities outside the State Highway system. The funds, totaling about 89,000 for the current year, will be distributed to Erie County towns including Erie City 21,014.20, Union City 948.77, Waterford 597.06, Wattsburg 121.42, Wesleyville 587.75, and North East 767.04, with payouts to all towns reaching roughly 100,000 in total.
MENTIONED IN THIS ARTICLE
Auniwor General
Harrisburg
Corry Hom
Assemblyman Waterhouse
Comny
Tselly
Erie City
Union Gilby
Waterford
Wattsburg
Wesleyville
Noth Eust
Ceramics Group Displays Fine Window Exhibit in City
A Lanston store window on Shulh Center Street hosts a notable ceramics display by a group led by Mrs Florence Holden Grice. The show features small clay cigarette boxes tumblers vases and plates with vibrant color and clever design. Participants include J Street M Sullivan E B Crowe A McCray D Kittlebergen J Hillstrom V Dahlstrand B Ronbins Lanston R Lansten and Z Prono.
MENTIONED IN THIS ARTICLE
Lanston
Om Shulh Center Street
Florence Holden Grice
Stow
Epyamies
Dutch Cabinet resigns as elections shift balance
AMSTERDAM May 18 The Dutch cabinet tendered its resignation to Queen Wilhelmina after returns showed Premier William Schermerhorns Socialist Labor party trailing the moderate Catholic party in parliamentary elections held yesterday The Catholic party won by a about 1 per cent margin over the Gabor party with over 4 750 000 votes cast Representatives were chosen for the Lower House of Parliament.
MENTIONED IN THIS ARTICLE
Amsterdam
Wilhelmina
William Schermerhorn
Socialist Party of Labor Tane
Mlddle-Of
Gabor Party
liWer Holse If Furliament
Ninety Three to Graduate at Corty High This Spring
Principal Howie A Sheem announces Corty Senior High will graduate 93 seniors this spring. The class includes seven additional graduates under the U. S. PL plan and those with service diplomas from prior enlistment. Commencement is Wednesday June 5 with the baccalaureate Sunday evening June 2 in the senior high auditorium. The Rev. Gilbert L. Boyd to deliver the baccalaureate address.
MENTIONED IN THIS ARTICLE
G.L. Boyd
Howie A. Sheem
Wimniceg
Seniar High
Boo'vlocl
Willy Une Andres
Gilbert L. Boyd
First Presbyterian Shore
Copey
Two Missing In Lake Erie Plane Crash
Two Army transport crewmen remained missing after a Lake Erie crash as planes and Coast Guard boats combed the water. Four crew members parachuted to safety when the plane ran low on fuel amid bad weather near Cleveland. Officials withheld names while search efforts continued.
MENTIONED IN THIS ARTICLE
Associated Press
Cleveland
Coast Guard
Lake Erie
Drought Site Bought by Peterson Brothers for Milling Plant
Peterson Brothers, leading timber operators, have purchased the former J. P. Drought and Company property east of Maple Avenue, with plans to erect a sawmill and dry kiln plant for Mooring hardwoods. The site, on the Pennsylvania Railroad corridor, has held a major slaughterhouse and meat processing facility, once operated by Cogswell, Batu and Gay, and for years the Denaght Company conducted hides and tanners shipping from the location. The deal signals substantial development and aims to fulfill a long standing lumber supply shortfall.
MENTIONED IN THIS ARTICLE
Tang Lee
Obe
Ben
Ohio
Peterson Brothers
J. P. Drought and Company
Maple Avi
Jdji
Pennsylvania Railroad
Evie Hine
Herth
Phe Peterson
Heal Warnes
Belarson
Sprig Creek
Plesill
Worth Hammond
Cogswell, Batu and Gay
Wie Denaght Co
Amary
Ana Lovation
Russia Defies Plea to Join World Famine Effort
May 18 report says Stalin rejected Truman appeal for Soviet participation in a global hunger relief drive. A joint U S British communique warns a 3 4 million ton grain deficit looms through May to September, calling for intensified action. Hoover calls famine the grimest spectre in history as relief efforts continue.
MENTIONED IN THIS ARTICLE
Stalin
Abexootacel
Washington
Langlo
Russia
Generilissim
Truman
Tate
Hoover
Chicago
Tarbell Girl Expected to Testify Late Today in murder case
Witnesses described the Tarbell of 1209 West 26th Street and Dominic of Savannah expected to be called after a long day as the defense and prosecution prepared for cross examination. Miss Tarbell, kept in seclusion since Fisher’s death, may take the stand after noon with the court considering a possible night session to finish the prosecution’s case.
MENTIONED IN THIS ARTICLE
Tarbell
Kote
Mike Bubba
Milile "Thomas
Eve Sailor
Robert Bieter Ashe
Mike Bonulla
Lucey
Blackmors
Liviyguin
Couth
McLaughlin
Bobna
Domini Bseko
Bubna
Dominic Wit
Edward Bwaltz
Bubna Ant
Dominic
Angelo ‘Thome
Millie
Riety
Muring
Schauers
Joh Menailigk
Blackmore
FBT
Fisher
Miss Tarbell
Domiluic
Savalinuly
Sabner
John Blackmore
Daminte
Five Hurt In Bus Crash At Syracuse
A Greyhound bus overturned in a ditch on Route 20 near Cazenovia. Driver Francis Barry of Syracuse and several passengers were uninjured, while about ten people on board sustained injuries and were hospitalized. State Police attributed the crash to avoiding a head-on with another car.
MENTIONED IN THIS ARTICLE
Syracuse
Assoe
N.Y
Wive Kavelera
Cazenovia
Francis Barry
Barry
Albany
Showdown on Federal Order Now Develops
May 18 New York report cites Thomas J. Harkins of the Eastern LOCOMOTIVE Engineers as saying the railroad strike is on and any hope of averting it ended when union leaders left Washington for Cleveland. Washington reports say President Truman faces a potential paralysis of 250,000 railway workers as the strike deadline looms and the Office of Defense Transportation expects rail service to continue, possibly at reduced rates, amid government control and personal appeals from Truman.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Thomas J. Harkins
Eastern Division
The
Brotherhood of Locomotive Engineers
Washington
Cleveland
F. Whitney
Myaniey Johnston
Brotherhood of Locomofive Engineers
Whitney
Park
Cal
J. Moneue
Johns
Colonel Johnson
DDT
Tso Brotherhood
Johnson
Colonet Jobeson
Tabastuns
United States
Truman
Inian
Office of Defense Transporte~ion
Also Mentioned on This Page
Npal
Erie Master
Toudy
Katelina Bi Ao Rur Naa
Brown
Babson
Pennsy
Erie R. R
Oneravens
Reétieneu Ta Ats
Hammond and Ewing
Bissell Mill
Jewell Flower Shop
North Center Street
Ada W. Foradora
Real Es
Tate Times
Jewell
Junie 1St
Nina Jewell
Doradora
Harry Wissinger
Crystal Coal and Ice Company
Powell Motor Co
MT. Morris
Milton Matthews
Charles J. Whinton
Florence Grice
Assaninten Pres
Pittsburgh
P.m
Sgt. Schollers
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