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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 30, 1952
Page
5
Fortune argues the 1951 savings surge kept consumption from collapsing as salesmanship lagged. It urges firms to study consumers, launch better products, and push them harder to sustain demand in a postwar economy. It notes declines in refrigerators and TVs but gains in clothes dryers and irons, warning of timing and design flaws.
The piece argues a private bargain between United Steel Workers President Philip Murray and United States Steel President Benjamin Fairless could save the wage price stabilization plan. It notes the steel package would raise wages by about 12 to 14 percent and cites risks to broader labor parlance, with President Truman pressured to balance wage costs against rising living costs and market demand.
Eastern Iowa stock quotations show price ranges from recent trades and are not firm bids or offers. The report lists active price levels without guaranteed execution.
New York based article outlines a series of government actions to revive lagging business and nervous markets. Measures include lifting restrictions on inflationary bond issues, approving a 22.4 cent per hour steel wage rise, and easing controls on prices and credit.
The Chamber of Commerce of the United States warns against claims wages can rise from profits. It notes employer compensation climbed from 117 to 178 billion dollars 1946 to 1951 while pre tax profits rose 23.5 to 44.8 billion. After taxes profits grew only 4.2 billion, so wages come from sales, not profits.
Cambridge report announces T. T. Miller as vice-president for marketing and George W. Blackwood as vice-president and general sales manager at Dewey and Almy Chemical Company. Miller shifts to growing the organic chemicals business while Blackwood oversees sales across containers adhesives coatings construction specialties and rubber specialties.
June graduates from the University of Iowa College of Engineering report an average of 10 job offers each, with starting salaries from 300 to 500 dollars a month. Firms nationwide including Eastman Kodak Case John Deere North American Aviation and U S Steel seek Iowa trained engineers offering rapid pay growth and training opportunities. Local Iowa firms match the big company salaries and some overseas postings offer premium pay and allowances.
Four Cedar Rapids men will attend the Metropolitan Life Insurance Company's President's club annual meeting in Clearwater Florida on Wednesday. Attendees include Carl Bowman Cedar Rapids agent who led Iowa in production, Homer Moore William Thurman and Lester Turner with others Ralph Freeman and Robert Freeman Iowa City and Carl Anderson Marshalltown.
Ira Carrithers of Cedar Rapids is named Mutual Benefit Life Insurance Company Man of the Year for 1951. Richard E. Pille, vice president in charge of agencies, announced the honor citing Carrithers high standard of service to policyholders and standout business produced last year.
A brokerage note invites firms handling wheat corn oats rye soybeans cotton butter eggs lard and other commodities to inquire about hedging futures. It promises brokerage handling of all buying and selling details with no obligation.
Sigourney Mrs R M Rain named manager of a women s wear shop owned by Tom Duncan of Washington with Mrs William Cole as assistant. Brandon Merton McKinley buys Farmers store from Clarence Hazeltine with immediate possession. Hazel tine joins WCF N railroad. Walker Lawrence Zeiser buys Jack Sprat grocery from Everett Kessler with possession April 1. Maynard Robert Steinbronn and Tom Samuelson named managers of Farm Service station. Kathryn Piersel accepts receptionist job at Polk County Federal Savings and Loan in Des Moines.
Washington reports that a $3500 annual income sees about 30 percent taken in taxes across all federal categories. Even a $1500 yearly income is taxed at roughly 26 percent for government uses.
Iowa City su university announces a four day labor course June 16 to 19 at the University of Iowa. Acting Director Karl E. Leib says the program targets workers with basic economic and legal ground rules for labor management. Lectures cover history, labor law, arbitration, mediation, public relations, and wage systems with noted speakers from the NLRB AFL and university departments.
Washington reports that deposits in the nation's 529 savings banks exceed 20 billion dollars. The Chamber of Commerce notes this amount could fund under four months of government spending.
CAGLIARI Sardinia's cheese industry suffers under new U S import rules. Exports to the United States fall from 5250 tons in 1950 to 3500 tons in 1951, severely constraining output across the island.
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