13 Feb 1947
Page 1
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Newspaper
Buffalo Center Tribune
Location
Buffalo Center, Iowa, United States of America
Date
Feb 13, 1947
Page
1
Several Iowa motorists were involved in a near LeMars pileup when car No 2 slid on ice and triggered a chain reaction. Car owners reported up to 250 dollars damage per car. Separate items note a fatal kitchen fire in Glen don, retirements in Emmetsburg, and other local happenings.
Farmers may see demand weaken and agricultural prices ease in 1947 but not collapse like 1919 20. Iowa State College economist Francis Kutish notes the current postwar backlog of durable goods demand and broader economic shifts reduce the risk of a rapid April May price plunge.
The text notes farm prices over 145 percent higher and likely to rebalance over two years, with government supports through 1948 dampening declines seen after 1920 and 1921. Industrial prices rise is smaller, suggesting a softer postwar drop. A balanced federal budget, abundant 1946 crops, and rising manufactured output imply sustained high production and reduced strike risk as consumer spending shifts toward goods while farm demand softens with steady national income near 175 billion dollars annually.
A soil conservation lease rider has been developed at Iowa State College to aid landlords and tenants in arranging soil saving practices. Copies will be available at the county extension director's office. Farmers should note that seed oats treated with New Improved Ceresan can be done any time this winter.
The note states treatments protect yields lost last year to a new oat blight. It also mentions Howard Drake traveling to Ft Worth Texas on Monday to visit his sister and brother in law Mr and Mrs Robert Briscoe. It ends with an ad for wallpaper and paint at John Jerry Hardware.
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