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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Sep 25, 1970
Page
3
India’s stock market extended gains as traders cheered upbeat domestic data and policy signals. Investors shifted funds into blue chips and growth names, lifting benchmarks across major indices and pushing trading volumes higher.
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A 19.9 billion military purchasing bill cleared by a Senate House conference expands the Safeguard antiballistic missile system to four locations while cutting funds for a Chinese oriented area defense plan. Navy shipbuilding saw cuts and additions as conferees shifted hundreds of millions among aircraft carriers, submarines, and B1 bomber development, aiming to keep the program efficient and effective.
A House subcommittee hears that insiders at Penn Central may have violated federal securities laws as the railroad seeks bankruptcy protection. Rep. Mac Donald says evidence strongly suggests possible violations including large insider stock sales before public notice and misstatements in prospectuses. The panel notes stock sale spikes around May 18 to 22 as Penn Central enters reorganization.
Hollywood AP The American Humane Association will rate foreign films as acceptable or unacceptable next month based on animal treatment. The running W method trips galloping horses to dramatic falls, sometimes causing injuries. Melniker says the practice was banned in 1940 and persists in Spain Italy and Yugoslavia. some animals are killed in overseas productions.
Pittsburgh public school superintendent asks the state to add a cost of living factor to school subsidies. He told the House Education Committee that local education costs rise annually and the $550 per pupil subsidy ceiling should be lifted or adjusted yearly to keep funding in line with inflation.
The Army plans to reduce troop strength by 45 000 by next June to 1 2 million and drop three combat divisions as part of President Nixon s effort to shrink U S commitments abroad The cuts come mainly from phasing out support units while maintaining key formations and rely on Allied aid instead of more troops in uniform Also notes Vietnam war peak strength and ongoing defense budget policy
Ivan Rose, dairy farmer and maple syrup producer of Spartansburg, was elected the new chairman of Crawford County Agricultural Stabilization and Conservation Service Committee. He succeeds Robert W. Agnew, whose term expires September 30, and Agnew was named vice chairman with Earl J. Culbertson as third regular member. Rose has served as an alternate on the county committee and as a local representative for about 10 years and won a three-year term on the committee. The ASCS committee hires the executive director, sets county policy and handles appeals for producers in ASCS programs.
The Pennsylvania Public Television Network announced that construction will begin next week on a new office and operations center in Hershey linking the seven public television stations. The Spanish-design building at 169 West Chocolate Ave. should be ready by February 1, with Hershey serving as the hub of a microwave interconnection system for more flexible programming and operation.
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