25 Jul 1946
Page 1
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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Graettinger Times
Location
Graettinger, Iowa, United States of America
Date
Jul 25, 1946
Page
1
Emil Schram president of the New York Stock Exchange notes the stock market will reflect inflation but cannot create it. He reiterates that inflation in the economy will be echoed in the stock list as individuals measure stock purchases.
Mr Schram warns the American drive for quick wealth in stocks remains strong. He notes the average investor cannot expect rapid gains, and risk cannot be eliminated. He cites widespread inexpert advice and tipsters as a danger to unwary investors. Major brokerages and the NYSE urge caution.
The New York Stock Exchange urges savers to use reputable firms for guidance before investing. It warns that careless buying can erode home funds and education savings. Following sound advice can stabilize the economy, curb inflation, and prevent financial losses and heartaches.
A wartime government appeal highlights General Electric plants Eastman Kodak and other major producers. New York adds 6500 shops with average staff under 40 as radio aviation and transportation needs grow. The piece ties these thriving industries to government savings bonds and treasury support.
The New York Times editorial argues that labor’s purchasing power and business incentives must align. It warns that if business is forced to operate at a loss, unemployment rises and government intervention grows, risking a domestic fascist state led by bureaucrats.
A reader notes an E bond as a good investment, showing yearly values from 755 to 1000 over ten years. A job applicant quips about puzzle wins during office hours. A local officer jokingly asks about a red lantern, and a citizen explains it was left beside a hole in the street.
A mother enrolls her six year old in kindergarten while the teacher asks about siblings. The boy, embarrassed by questions, asserts he has friends. He jokes about paper warmth and remembers a decade long mortgage that made him sweat.
A worker explains his wife says he is underpaid and should request a raise. The boss replies he will consult his own wife before deciding whether to grant the raise.
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