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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 02, 1944
Page
20
Babson Park analyst argues Roosevelt’s renomination hinges on German collapse by 1944 and outlines expected shifts in party strength, postwar plans, and inflation. He predicts a Republican House majority in 1944, possible Dewey victory in 1948, and postwar economic trends across sectors, with defense spending easing and inflation under watch.
Lagomarcino-Grupe President Paul Lagomarcino unveiled a no cost pension plan for employees with five or more years of service across 10 Iowa stores. Eligible workers will receive 40 percent of salary via a company funded trust turning into annuities at age 65. The program also adds life insurance and replaces the current group life policy when the present one ends.
Babson’s thumbnail outlook projects two phases for 1944 from January 1 to Germany’s collapse and from that date to December 3. Production and commodities face mixed trends with wage pressure and labor troubles continuing. retail sales rise with lower physical volume. stocks may react to Germany’s status while bonds stay near current levels.
Conveyances and mortgages recorded December 24 to December 30 list 45 conveyances and 14 mortgages totaling 49 475 dollars. Compared with last year 43 conveyances and 1 mortgage totaling 24 795 dollars were recorded.
The final hearing on Northwest Airlines’ Minneap olis St Paul to New York route via Milwaukee Detroit and Cleveland is scheduled for Feb 28 before the Civil Aeronautics Board in Washington. The outcome will largely determine the airline’s broader expansion including Seattle to Honolulu routes and northward to Alaska and the Orient.
Washington treasury officials blasted Congress for failing to pass a tax bill expected to yield about 104 billion dollars yearly. The House approved a smaller measure. Senate Finance added little, with a January 10 reconvening planned. The treasury pressed income tax simplification and warned against delaying war cost payments.
Ralph Damon of American Airlines predicts 1953 will bring faster transport planes and high altitude airships. He foresees hourly mail and passenger service and overnight continental schedules within the next decade, stating politics could hinder these advances.
The statement mentions that aircraft from all recognized nations should be allowed to operate at any peaceful airport worldwide, outlining a principle of unrestricted air access without discrimination.
Spokane report says United States Chamber of Commerce President Eric A. Johnston urged unity in a New Year radio address. He warned against industrial strife and excess optimism at home, insisting sacrifices must be shared and disputes settled through cooperative means to win the war abroad.
The Cedar Rapids outlook for 1944 predicts steady to improved activity with war orders as the backbone. Manufacturing and cereal firms expect rising demand, retail sales up about 5 percent, farm income in Iowa up 35 percent from 1942, and higher living costs paired with wage gains. Overall, 1944 should match 1943 with no major jump.
The Treasury creates a New York City processing center with about 2,500 staff to handle the nation’s income tax filings for the March 15 deadline. Paperwork from employers and dividend sources will be routed to this unit, which will clip, check, and return files to local collectors for final auditing or refunds, promising faster refunds and substantial interest savings for the government.
Sen. Warren R. Austin called for a second postwar GOP meeting in early May to develop a detailed foreign relations program. He said the Mackinac Island conference pledged mechanics would be refined, and that a general declaration must be made more specific as events unfold.
Knoxville farmer Paul Harp has been nominated as the Republican candidate to fill a Marion county vacancy in the Iowa house of representatives. The special election is set for January 17.
Rock Island lines carried record freight tonnage and passengers in 1943. Chief Executive Officer J D Farrington said the nine month passenger total rose 75 percent over 1942.
Price ranges for various Eastern Iowa stocks and bonds are listed, with nominal bids and asks. Entities include Central States Electric, Iowa Electric, Interstate Power, Iowa Public Service, Southern Utilities, National City Lines, Rath Packing, United Light and Rail, Quaker Oats, Wilson and Co., Western Grocer, and Western Union, reflecting recent transaction activity.
The ad links Napoleon to stomach pains and promotes Udga Tableta for indigestion and excess acid. It urges readers to try a 15c Udga box, promises a double money back return if the first dose fails, and instructs to visit a druggist.
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