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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 16, 1947
Page
17
The analysis notes that despite high earnings in 1946, dividends fell short of 1929 levels as corporations conserve for potential downturns. It compares postwar sentiment with 1919, cites wage talks pending in steel autos and coal, and suggests firms will limit higher dividends until postwar earnings stabilize, amid new tax concerns.
The piece argues that postwar conditions require bold corporate dividend decisions as costs and prices rise. It notes Truman’s Greece and Turkey aid, wartime conservatism in dividends, and the need for working capital to cover inventories and payrolls while addressing tax penalties for hoarding earnings. Prudence is framed as non taxable.
Eastern Iowa markets show price ranges from recent trades for stocks and bonds. Quotations are not firm bids or offers but indicate general activity and volatility in the region's securities.
Consolidated reports by the Cedar Rapids Chamber of Commerce show a general but not drastic drop in February 1947 business totals from January, with most sectors higher than February 1946. Clearings, carloadings, employment, and utility use reflect mixed shifts across sectors, while post office receipts stay above year-ago levels.
City Treasurer Walt Miller warns Cedar Rapids residents that March 31 is the last day to buy city dog licenses at regular price. Afterward a one dollar penalty is added. fees are three dollars for females, two dollars for males and spayed females. Licenses available at Miller’s office on the city hall floor.
In 1945 the typical household held four thousand dollars worth of life insurance reflecting postwar financial planning.
The Pribilof Islands in the Bering Sea with a population of 490 are highlighted as Alaska’s original gold mine due to seal skins and furs. The article notes vast historic harvests, government leasing shifts, and the Aleut inhabitants under U. S. care, with harsh winds, fogs, and the two main islands St. Paul and St. George.
The Aleuts rely on walrus tusks for ivory and prefer walrus meat to seal. They cover fishing boats with walrus hide. Otters were hunted to extinction, but the islands profit from fox fur in blue and white, still plentiful.
In Philadelphia a newspaper carrier heard a pitiful crying from a sewer mouth. He lowered his belt into the darkness and pulled up a very wet and weary raccoon that had been thrashing in the culvert.
In Warsaw the war reparations office handed 303 milligrams of radium, valued at 450000 dollars, to Dr Tadeusz Michejda, the new health minister. The radium, found in Kiel in the British zone, was taken by Germans from the Curie Sklodowska institute at the University of Lublin. Before the war Poland had four grams in total.
A shipment of 52 American passenger automobiles, 1946 models, has arrived in Warsaw. The cars will be distributed to ministries and government institutions for official use.
Chester businessman Chester A. Barth, president of National Selected Products, Inc., announces his firm has acquired all stock of 6 O Clock Foods, Inc. of Norristown Pa makers of 6 O Clock Corn Muffin Mix and 7 Minut Pie Crust Mix. Barth, a Cedar Rapids native, has held multiple executive roles and serves on several boards.
Stock markets fell to near year's lows as volume shrank and demand waned. Grains rose with March wheat at a 30 year high while steel production and ingot output increased. Retail trade improved on better weather though wholesale demand remained cautious and building activity declined.
Mr and Mrs Ira R Brooks and Ed Neilson returned from Los Angeles after attending the National Sand and Gravel Association and Ready Mix Concrete Association conventions held March 3 to 7. William C Crawford also attended and went back to Mesa Arizona for a winter vacation. Mrs Harry E Bender, formerly Marie Ripperger of Cedar Rapids, was general chairman of the women's group at the convention. Her husband owns the Azusa Rock and Sand Company, a major Los Angeles producer.
The Spanish monarch claimed one fifth of the wealth amassed from the New World colonies, a royal share established from the vast treasure plundered abroad. The policy underscored royal prerogative and financed imperial administration across the empire.
Motivational line urges readers to pursue financial security by qualifying and taking action. It promises guidance to program insurance and achieve the goal. The message centers on self-improvement, planning, and access to personalized assistance.
Cedar Rapids shows the highest percentage of owner occupied homes in Iowa after a study of homestead tax refunds by the state tax commission. Linn county will receive 709447 in refunds, with 523680 for Cedar Rapids taxes and 185767 for owner occupied outside the city.
Linn County Abstract Company reports conveyances and mortgages for March 7 to March 13. Conveyances total one. mortgages aggregate $309,762, compared with the prior year’s $265,163 for the same week.
Cedar Rapids Clearing House reports last week total clearings at 4,000,385.06 dollars, up from 3,446,981.43 dollars in the same week last year. The week ended March 8 shows 4,540,123.26 dollars in clearings.
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