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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 24, 1957
Page
5
Sylvia Porter reports a holiday season update for 1958 showing easier loan access and lower borrowing costs. The shift stems from a downturn in business as corporations slow expansion, reducing credit demand and easing rates for mortgages, business loans, and consumer credit.
The article notes banks will be more willing to lend as business trims inventories and demand for loans falls. The Federal Reserve has eased credit, cutting rates to banks and offering funds more freely, signaling likely further rate reductions by top banks within 30 days.
The public library announces new December releases in science and related fields. Titles include Fundamentals of Optics by Jenkins and White, Bird Watcher's Anthology by Peterson, General College Chemistry by Wood and Keenan, and Transistor Circuits and Applications by Carroll.
On December 5 1957 Fern Brogan was appointed and qualified as Executrix of Libbie Iston deceased of Linn County Iowa. Creditors must present claims to the Linn County District Court Clerk and all debts are payable to the Executrix. Attorneys Holmes and Holmes represent the estate.
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