Inflation Debate: Truman, Congress Face Rising Costs
The piece argues inflation rests with the President and Congress, urging against all-out controls. It notes Truman's resistance to broad controls, warns that deficit spending and higher taxes are needed to curb inflation, and cites Baruch, pay-as-you-go ideas, and the risk of a garrison-state economy amid postwar spending and potential conflict with Russia.
MENTIONED IN THIS ARTICLE
Ashington
Truman
Congress
Washington
Luluse Alylis
Russia
Bernard Baruch
Baruch
Mr. Baruch
Simon Nelson Patten
America
Snyder
Stocks and Bonds of Interest in Eastern Iowa
Eastern Iowa market notes show price ranges from recent transactions. Quotes are not firm bids or offers. Traders monitor municipal bonds and corporate shares with varied activity across the region.
MENTIONED IN THIS ARTICLE
Iowa
Overloading Highways May Curb Car Output
AP report on growing auto production and insufficient highways. Industry leaders like Albert Bradley and George Mason warn highways cannot handle rising vehicle numbers. They urge redirecting funds to roadbuilding and national planning, noting costs, federal roles, and potential cuts due to arms spending.
MENTIONED IN THIS ARTICLE
David J. Wilkie
Etroit (Ap
Albert Bradley
General Motors
National Highway Users Conference
British Urge U S Production Ideas
Ten British pressed metal experts who studied U S methods for a year urge a change of outlook. They say American industry is more productivity conscious and British management must modernize plants and use labor more efficiently. Trade union officials should press members to boost productivity and abandon restrictive practices.
MENTIONED IN THIS ARTICLE
London
U. S
Hormel Workers To Get 11 Cent Wage Increase
In Austin Minnesota George A Hormell and Company and union reps of about four thousand plant workers reached a late Friday agreement on an 11 cent hourly wage raise retroactive to August 5. Frank Schultz CIO United Packinghouse Workers of America said negotiations on other contract provisions continue and the raise will cost the firm about one point six four million dollars annually.
MENTIONED IN THIS ARTICLE
Austin, Minn
George A. Hormel and Company
Frank Schultz
Cio-United Packinghouse Workers of America
Hormel
Census predicts India's population at 350 million
Hyderabad India AP registrar general R A Gopalaswami announced next year's census will record about 350 million people. He said around 800 000 individuals will be counted at a total cost of about 2 million dollars.
MENTIONED IN THIS ARTICLE
Hyderabad
India
R. A. Gopalaswami
July Retail Sales Jump Amid War Scare
Washington reports July retail sales rose nearly 20 percent from a year earlier, totaling about 12.195 billion dollars. The Commerce Department cites scare buying tied to the Korean war, with home furnishings leading gains and the automotive group up nine percent after seasonal adjustments.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Automotive Group
Bank Clearings in Cedar Rapids Week Ending August 19
Cedar Rapids bank clearings totaled 4,899,204.32 for the week ending August 19, up from 3,248,769.70 a year earlier. The prior week ending August 12 recorded 4,664,491.86 in clearings according to Clearing House reports.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Clearing House
Intrinsic value tied to earnings reinvestment
A often overlooked factor affects intrinsic investment values. Reinvested earnings fund productive facilities, protecting income from bonds, preferred, and common stocks.
Cuba as U.S. rice market key buyer
Cuba remains the United States' largest rice customer, a fact cited amid trade discussions and market analyses. The role underscores Cuba's continued demand for U.S. grain despite political frictions and export controls.
MENTIONED IN THIS ARTICLE
Cuba
United States
Stock Gains on New York Exchange Amid High Production
Prices surged on the New York Stock Exchange last week with gains up to over five points, adding more than 1.5 billion dollars in market value. Rail stocks reached new peaks since 1948 as output rose across industries fueled by wartime orders. Steel dominated, with ingot production at 100.1 percent capacity while electric power, coal, banking, and carloadings all posted gains. Automotive output jumped nearly 10,000 units. several firms reported strong earnings or dividends. Total weekly transactions were 8,323,125, down from the prior week.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Korea
The
Iron Age
American Iron and Steel Institute
United Aircraft
Glidden Company
Grumman Aircraft
American Airlines
American Sugar Refining
Gillette Safety Razor
Kennecott Copac
Stock Exchange
Prosperous Business In Miniature Letters
SANTA MONICA Calif AP A knack for printing tiny letters opens a new world for Bernard D Jacoby a retired former city employee Forty six years ago he first made tiny silver hearts engraving the Lord's Prayer in miniature but readable letters The idea started as a challenge when Jacoby was a Michigan lumberjack a crew member asked him to engrave the prayer on a dime He failed then kept trying until he printed it on a small heart He later rediscovered scraps of paper from his early practice and resumed the craft
MENTIONED IN THIS ARTICLE
Santa Monica
Calif
Bernard D. Jacoby
Jacoby
Michigan
Business Family 60 Years By Ruth M. Klaus
EARLVILLE Three generations of the Hunt family run the Hunt store in Earlville with founder William Hunt 77 in business for 60 years. The enterprise began Sept 13, 1890, as Bisgrove and Hunt. William partnered with brother George until 1926. Howard, 51, and son Howard Jr., 17, contribute, while William serves as Mason, ex-city clerk, and long-time educator and council member.
MENTIONED IN THIS ARTICLE
Ruth M. Klaus
Gazette
Earlville
William Hunt
Hunt
Bisgrove and Hunt
George
Howard
Howard, Jr
Earlville Consolidated School
Soldiers Relief Board
William
Congregational Church
Also Mentioned on This Page
Wall Street
U.S. Steel
Pennsylvania Railroad
Federal Reserve Board
Central States
Clinton Industries
Owe
Collins Radio
Collins Radio Sicunamond Oe
Curtis. Co
Eddy Paper Co. Creee
Fruehaut
Inter-Ocean
Inter-Ocean Sec. Corp
Inter-Ocean Sec. Onr
Owa Ec. Co
Iar Elec. Co
Elec
T & Pr
Elec. Lt
Iowa Ul Gas & Elec
Iowa Southern Util Common Kendall Company
LaPlant-Choate
Common
Merchants
Meredith Publishing Coes Eeen
National Oats
Penick & Ford
Quaker Oats Co
Rockwell Mfg. Co
W.clp
N. Inc
F Inc
Boston Fund Inc
At & How Bal Fda
Pndelity Fund Inc
Eatsetweee
Gas Industries
Keystoneustodn See
Keystone Custodn
Keystone Custodn Tee
Keystone
Mass Invest Tr Sae
Mass Invest 2d Fd Inc
Wee
Putnam (G
Peace
Wellington Fund
Thea) Office Factory Sound Service
S.E. Izecky
Beth Ee Tals
al and
Illinois
Dial
Crandic Fit
Crandisc
Axic
Crandic Line
Crandic
Cood Wits
George W. Mason
Nash - Kelvinator Corporation
Automobile Manufacturers’ Association
Mason
Thomas MacDonald
Senate-House Economic Committee
United States Budget Bureau
Senate
NEA Newschart
OPA
U.S
N.Y
United States Steel Ve
Socony Vacuum
Canadian Pacific
Radio Corporation
Bendix
Sinclair Oil Eee
Daniel F. Rice and Company
Merchants Bank
Roy J. Maddock
Second Street NE
Ravenscroft & Company
Uss Merchants National Bank
Gendiling Investment Compa
American Building
First Avenue
National Association of Securities Dealers, Inc
Joseph W. Michalski
Howard Hunt
Howard Hunt, Jr
E. O. Life Insurance Company of
Boston
Megsacuneara
Victor J. Olson
Loan Agt
Dows Bldg
Lowa
Iowa-Illinois Gas & Electric Company, Common
W.I
Securities Corporation OF Iowa
Merchants National Bank
Telephone
Rm Hijeces
Krannrisseli
Ancadd, Re
National Association of Securities Dealers. Inc
Ernest Kosek
For Sound Investment
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