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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 12, 1947
Page
18
By J A Livingston business analyst argues the United States is returning to normalcy after wartime disruptions. Consumers and workers gain purchasing power as farm prices drop while industrial prices rise, prompting shifts in pricing, labor relations, and market dynamics.
R H Pickford general agent for Northwestern Mutual Life and associates travel to Fort Dodge for the annual state meeting with about 200 attendees. Milwaukee officers Edmund Fitzgerald and Grant Hill join as vice presidents. Attendees include Rudolph Novak Neil Montgomery Charles Filipi Vernon White R H Pickford Jr R K Jenkins and E C Bergman. They will return afterward.
Servicemen and women enrolled in national service life insurance programs during World War II totaling more than 158 billion dollars in coverage.
Irvin E. Deer, field representative of the Motion Picture Producers and Distributors, will speak at First Congregational Church on Washington avenue at Seventeenth street SE at 8 p.m. Proceeds from ticket sales aid war victims and reconstruction. Deer has served the association in the Midwest for 11 years and is recommended by Roman Catholic, Protestant and Jewish groups. Public invited.
Bayne Freeland reports postal notes replacing money orders in Cedar Rapids with over 2,000 notes sold last week versus about 1,200 money orders. The notes cost a nickel and are filled by clerks, but issues persist with missing payee names or sender identity, though fixes exist. Notes must be cashed within 60 days and are limited to the named recipient. money orders remain transferable and valid a year.
The Metals Society will host Dr S Van Vleet of American Can to discuss tin plated steel corrosion resistance physical properties and uniformity. He served in the bureau of industrial conservation and the wartime WPB steel division. Dinner begins 6 30 pm certificates at 7 30 pm and talk at 8 pm.
AP reports Britain eyes nationalization as 1948 priority amid debates over steel industry control. Officials note prewar export strength to Australia India and South Africa, while industry cites up to date output near prewar highs despite skilled worker shortages and historic low strike activity at Sheffield mills.
Robert Sidney Smith, 38, son of the creator of The Gumps, died in a Wickenburg tourist cabin of natural causes. Coroner Louis Westall said he was nearly penniless, with 38 cents in his possession when the body was found.
The death rate among U. S. life insurance policy holders declined almost 10 percent between 1925 and 1940, reflecting improved mortality trends and actuarial expectations across the industry.
Losses in Tuesday and Friday sessions offset gains from other days, leaving the stock market lower for the week. Thursday volume fell to 710,000 shares, the lowest since August 20 of last year, with earnings prospects dimmer for many issues. Industrials posted a small net gain before Saturday losses, Woolworth’s rising on higher dividends, and airlines, copper, tobacco, tire, and building stocks lagging. Steel, electricity, coal, and carloads improved, while Ward’s reports cite stronger auto output and a 5,000,000 annual rate projected for January. Retail trade held steady at a higher level thanks to broad sales.
Eastern Iowa markets show ongoing activity with WA. & Rys. Co. reporting a 6.36 percent vig pact. Investors monitor bond yields and short term treasury movements amid regional trading.
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