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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 21, 1946
Page
17
New York brokers note the Dow industrials hit a new high for 1930s era markets though the overall average remained below June peaks. Utilities rose to a 1931 high while steel and coal strike effects showed limited impact as production stayed strong and investors hunt gains.
U S savings bonds end an 11 year span from wartime needs to peacetime saving. About 85 million Americans have bought bonds totaling around one eighth of the national debt of 276 billion dollars. Bond sales shift from financing defense to absorbing public money to curb inflation while cashing bonds rises.
The article details rising national income from 76.2 billion in 1940 to 160.8 billion in 1945, with bond purchases increasing twelvefold and net investments reaching about 1/14 of income. It notes tax growth, Social Security receipts, and market rates, plus E series maturity dates and consumer use plans for bonds.
A long list of building permits in Cedar Rapids records numerous new dwellings, garages, remodels and reroofs. Notable entries include Charles Gentile new dwelling at 809 L street SW for 350 and Sage W. Fifield new dwelling at 619 Nineteenth avenue SW for 6 500, with many other addresses across NE SW NW and SE districts.
Heavy pre Easter buying lifted Cedar Rapids bank clearings with $2,581,091.26 in check transactions for the week ended April 20, up from $2,372,472.97 a year earlier. The week ending April 13 reported $2,534,000 in clearings.
Detroit AP reports Chevrolet and Ford plan economy models likely to arrive in 1947. Additional makers such as Chrysler Studebaker Nash Hudson Willys and Packard may offer competing units. Cars are expected to weigh under 2500 pounds with around 25 miles per gallon and under 1000 dollars, using lighter engines and tubular steel chassis.
Quotations indicate price ranges of recent transactions and are not firm bids or offerings. The text notes percentages and price movements referring to Eastern Iowa markets and bonds.
Members of the house expenditures committee anticipate startling disclosures about surplus war goods. Hearings proceed with service witnesses subjected to extensive grilling.
R M Threlkeld at 2008 Fourth Avenue SE earns a spot on The Insurance Salesman's twenty fourth annual All Star honor roll. The honor recognizes top producers from each company, with only two other Iowa agents sharing the distinction. Threlkeld serves as general agent for American Mutual Life and belongs to the Quarter Million Dollar club and the company advisory board.
For five years six city churches have had an informal group of organists meeting every Saturday to critique one another's practice for upcoming Sunday music. The group has no officers and operates with simple rules, performing in alphabetical order and offering impartial comments.
Stock quotations from Chicago show gains and losses across multiple sectors. Major gains include Union Carbide, General Electric, and Goodyear, while declines appear in Phillips Petroleum and United Aircraft. The list names numerous companies, percent changes, and closing quotes, reflecting a broad market snapshot for the day.
The World Bank plans its first issue of Bretton Woods bonds likely within six months. Investors include insurers, savings and commercial banks, trustees, and individuals with substantial cash and deposits. The bank will register bonds with the SEC and test markets with smaller debentures before larger offerings.
Conveyances and mortgages recorded in Linn county for April 12 to April 18 reported by Linn County Abstract Company show figures for conveyances and mortgages. Mortgages aggregate stands at 169.26 dollars compared with 119,300.00 last year.
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