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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 12, 1957
Page
8
Sylvia Potter notes a shift in finance as the Federal Reserve tightens credit yet signals easing later. Bond prices hold firm while demand for loans eases, indicating a balance between savings supply and loan demand amid slower business activity.
Notice in Linn County Iowa that Georgia P. Long is appointed Executrix of the Emerson C. Long estate. Creditors must file claims with the clerk of court in Iowa City. The text also includes unrelated finance guidance about mortgages and loan costs.
The piece argues that mortgage money will become more available as months pass and rates stabilize. It suggests delaying bond offerings until market conditions favor borrowers, noting rates have shifted toward lenders since 1955 but are now trending down. It cites U.S. government securities yielding around 4 percent, high grade corporate bonds 4.34 percent, and tax exempt state and city obligations about 3 percent, effectively 6 percent after taxes.
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