This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 09, 1972
Page
33
The Babson letter argues inflation is chronic and self-perpetuating due to unions securing wage gains beyond productivity and government spending exceeding tax receipts. It notes the dollar’s purchasing power has deteriorated in most years since the 1930s and cites postwar policy shifts as amplifying demand.
The piece discusses rising prices—especially during the 1970s freezes and Phase II controls—arguing inflation may be entrenched. It notes CPI at 123.8, unemployment not curbing demand, and the Misconfidence Index linking bond and stock yields to inflation expectations, outlining policy implications for President Nixon.
Thomas Phillips of Raytheon announced promotions at Iowa Manufacturing Company and its Amana Refrigeration subsidiary. Joseph R. Loufek becomes president and CEO, with Robert F. Plumb as vice president marketing and director, and John G. Lidwall as vice president treasurer and secretary.
The New York market posted broad gains with the Dow up 21.90 to 962.60 the Best since May 1969. The NYSE volume neared 988 million, S&P 500 at 109.62 a new high, and NASDAQ industrial index closed at 141.56 surpassing prior levels.
Chicago Board of Trade last week saw all futures rise with soybeans surging 10 cents to a new peak, lifting 12 week gains to around 46 42 cents. Prices for May delivery showed notable increases across corn wheat oats and related products with meal and oil also higher.
The clearing house reports weekly bank clearings totaling 14 727 072 for the week ended April 7, up from 12 698 759 the previous week ending March 29. For the week ending April 9, 1971, clearings were 13 533 125.
The Jim Cordes Chevrolet Buick dealership in Independence was sold to Tim Underdahl of West Union who has run an auto business there with his father for seven years. In Independence Keith C. Pearson was named franchise dealer for Wick Building Systems agri buildings division serving Buchanan County. Wick builds pole structures for agri businesses prefab homes and commercial buildings.
Twenty two percent of national businessmen forecast increased employment in the second quarter of 1972, with 63 percent expecting no change and six percent predicting decreases. The Manpower survey, the 58th by the firm, highlights optimism across regions and industries, led by building, apparel, banking, and transportation equipment sectors.
Cherry-Burrell Corp held an open house to unveil new product lines and updated Cedar Rapids plant facilities. Robert H. Lutz announced management changes bringing George J. Remus to Cedar Rapids as division manager and relocating Chicago staff to Cedar Rapids and Chicago headquarters for broader roles.
Keuffel and Esser Co parent of Kilborn Photo Products Inc reports net income of 844 075 for 1971 up from a loss of 2 251 381 in 1970 on net sales of 55 484 192 versus 56 207 322 year earlier. Earnings per share 58 cents versus a loss of 2 02 last year. Reduced costs and better margins cited. employment decreased from 2 757 in 1970 to 2 063 in 1972 January.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.