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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 23, 1947
Page
17
J A Livingston notes mixed signals from rising commodity prices and inventories to strong output and earnings. He warns that inflation, wage growth outpacing living costs, and Europe’s recovery create a turning point, with Easter retail sales likely to determine the near term course.
Air travel demand outpaced by rapid postwar expansion leaves most U.S. carriers in the red. Only Eastern, United, National, Continental and perhaps Northwestern profited. others faced heavy losses as planes and routes outgrew ready markets.
A chaotic compilation of personal thanks for sympathy floral tributes and several lost and found notices. Names like LeRoy A Henriksen and Brady appear amid scattered ads for moving services, jewelry, and local shop offerings. An obituary-like tribute is interwoven with dealer and service promos and casual notices from Cedar Rapids area.
United Press reports the past week's stock market activity dropping to the lightest level since August 17 1946 while prices firmed on technical grounds. Traders showed reluctance with little pressure on most lists as timid buying nudged slight gains late Friday.
Eastern Iowa market notes describe recent price ranges for selected securities. Quotations are not firm bids but reflect transaction activity and approximate values. The report lists multiple issues with varying ranges and indicates ongoing trading in regional markets.
Recurring chatter of a 50 percent margin cut, denied by the fed, weighs on markets while brokerage earnings shrink and some firms operate in the red. Tire stocks drop on strike fears, grains rise early then falter, and experts debate the outlook amid erratic trading.
Indiscriminate cutting of Christmas trees for sale has been discouraged by several states in the interest of conservation, now requiring official certification of the origin of all trees sold.
Conveyances and mortgages recorded in Linn County for March 14 to March 20 show total mortgages of 164 913 87 dollars. The same period last year reported 143 600 00 dollars in mortgages and related conveyances by the AK 45 Abstract Company.
The World staff reports CIO plans for about 100000 rubber workers in Big Four firms to lead the 1947 wage push. The dispute centers on an initial demand of 25 cents an hour, later cut to 16, with the industry offering 10 cents. Negotiations may shape a second round of wage hikes.
Bank clearings in Cedar Rapids for the week ended March 22 totaled 3 754 445 06 dollars, per Clearing House reports. For the corresponding week a year earlier, total clearings were 2 440 672 33 dollars. Clearings for the week ended March 15 totaled 4 000 385 06 dollars.
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