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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Sep 18, 1956
Page
3
The Erie Industrial Fund bonds sale opened with Union purchases of ten thousand dollars. Promote capital for industrial development aims to back job creation and broader public investment. The program contemplates ten year terms and returns on principal.
Estes attacks the Eisenhower administration over REA policy and funding during a Wisconsin visit. He denounces White House pressure that blocked projects like the Amended Hell Canyon dam, the Niagara power initiative, and the Dixon-Viles deal while urging new REA appropriations. He cites federal cuts harming cooperative power systems and accuses the administration of trying to sabotage rural electrification.
Duff accuses Clark of lying amid GOP rally chatter and campaign misstatements. He cites voting records to claim Clark undermines representation and GOP slogans target Estes Kefauver and a potential vice presidential ticket.
Margaret B Hen, longtime secretary to the late Brig. Gen. Theodore Roosevelt Jr and later to former Army Secretary Frank Pucw Jn, executive vice president of General Dynamics Cory, died yesterday.
A New York market snapshot shows broad hopeful sentiment in coming months across major industries, retail, and agriculture with farm incomes rising about nine percent in three months. Manufacturers pass higher costs through price hikes, steel orders signal sustained capacity demand, aluminum seeks to meet growing demand, while copper stocks rise for the first time in months. The manufacturing sector remains cautiously optimistic despite inflationary pressures.
The piece notes consumer debt remains a drag yet wages and employment rise as merchants push charge accounts and financing. Builders cheer slight housing uptick while material costs and tight credit temper expansion. Oil potential gains loom if Suez traffic shifts, spurring broader optimism before cautious economists question sustainability. A Pennsylvanian campaign wagon heads to northeast with statewide and national candidates aboard.
Officials reported talks in London as envoys urged a UN backed solution while some backed boycotting the Suez Canal. West European economies fear higher oil costs if ships must reroute around Africa. Egypt continued canal operations with a 24 ship convoy through the 103 mile waterway in under 12 hours under Egyptian pilotage.
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