26 Dec 1954
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 26, 1954
Page
1
A 1923 reminiscence from a western town recalls how New Year’s Eve noise led to a strict law against shooting bells and whistles. Digger Pete advocates celebration, but a deadly night prompts Grandpap to curb disturbances with a longstanding prohibition.
Economist forecasts for 1955 project rising personal incomes and higher worker pay while avoiding boom bust conditions. Jobs appear harder early year, then rise from March to summer amid a labor force increase of 600,000. Home building remains strong with easier mortgages, and retail trade is expected to grow as Americans have more disposable income.
FBI maintains an open and active file on five fugitive Communist leaders sought for plotting to overthrow the U.S. government. The article lists descriptions of Gilbert Green, Henry Winston, Fred Morris Fine, James Edward Jackson Jr., and William Norman Marron, plus notes on two others captured last year near Yosemite.
The Chicago Weather Bureau issues a special bulletin on snowy depths for motorists skiers and children with sleds as winter conditions affect activity in city and surrounding areas.
Argonne National Laboratory researchers study grasshopper embryos to uncover cellular behavior linked to cancer. About 200000 embryos examined reveal how irradiation affects cells, suggesting high dose radiation may spur cancerous activity in nearby normal cells. Embryo development parallels human cell differentiation and cancer reversion.
The Better Vision Institute reports fewer than 15 percent of aged Americans experience eye problems serious enough to affect daily activities. The finding highlights the scope of vision issues among seniors and their impact on routines and independence.
In 1955 the U S armed forces face a tense balance with China, Formosa, and an expanding arms race. The Seventh Fleet shields Formosa while the Army tests unit sizes for atomic war and considers division roles. Navy plans include the atom powered submarine Nautilus and Forrestal class carriers as Air Force engineers push faster fighters and guided missiles for city defense and offense.
Pete Mosher built a bush aviation career from an early start in the twenties, flying supplies and passengers in Alaska. He chose Fort Yukon, struggled with fuel costs and small profits, and finally, after a 1932 Porcupine River Christmas mission that included gifting toys, his plane crashed. He recovered, but the Mosher Air Service folded and he drifted through jobs until his death, a quiet contributor to American aviation history.
The 1955 outlook warns renewed world tension with Soviet power peaking, Western countermeasures, and Asia facing intensified Communist pressure. The United States will defend interests like Formosa, bolster Asia aid, and Southeast Asia defenses expand while South Africa moves away from the British empire and Viet Nam and Indonesia risk loss to non Communist fronts. No general war is expected in 1955.
A record 10.1 billion dollars in cash dividends were paid by American corporations in 1954, up from 9.55 billion in 1953 and 5.82 billion in 1929. Dividends were paid on 1,384 of 1,530 NYSE issues, totaling 6.6937 billion, a record. General Motors led all companies in cash payments. several sectors posted higher payouts while some auto, farm equipment, and textile firms cut dividends. In Vancouver, crewmen of the S S Crosway claim the No 1 brother act with nine sets of brothers aboard the ship.
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