Paulson Electric moves to new Cedar Rapids HQ
Paulson Electric Co celebrating its 50th anniversary moves to 722 Fifth Ave SE in the former Coca Cola building boosting space to 4,800 square feet with a 16,000 square foot adjacent lease while planning a grand opening today through Friday. The firm has grown since 1931 to more than 200 electricians serving Eastern Iowa and neighboring states.
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Electrical Contracting Magazine
America
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Northwestern Bell Telephone Co
Fourth Ave. SE
Incentives Lift U.S. Car Sales in Mid-August Rally
Domestic sales rose 18.2 percent year over year for Aug 1–20 with GM posting its strongest period in five months. Total U.S. built car sales reached 202,578, GM 134,949, Ford 37,034, and Chrysler 22,853, while VW and AMC showed declines amid ongoing incentive-driven promotions to clear inventories.
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Dollar Makes Strong Showing as Metals Slip Across Markets
The dollar rose in Europe on hopes of high U.S. rates, but eased in New York after the federal funds rate eased. Gold slid as rallies failed, with London New York and Zurich close at around 409 per ounce. Exchange rates shifted: dollar up in Frankfurt and Tokyo, pound down to 1.8235, Canadian dollar weaker at 82.45 U.S. cents.
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Crandic Extends Tracks Through Iowa City Hills Line
Crandic Railroad officials announced the purchase of 7.5 miles of former Rock Island trackage between Iowa City and Hills. Price not disclosed. VP and superintendent O R Woods said shipper service on the Iowa City Hills line will resume after weeks of repair and upgrading. The Cedar Rapids based line has grown from 25 miles to 60 miles of trackage, with January's purchase of the Cedar Rapids to Middle Amana line from Milwaukee Road.
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Dow Rebounds Slightly as Market Slips Broadly
The Dow rose 1.72 to 901.83 after a Monday dive, but NYSE and Nasdaq indices fell as investors weighed inflation and rate policy. Traders bought blue chips late, while others covered short positions and volume rose. Major movers included Cities Service Exxon Marathon Oil and Wang Laboratories amid mixed sector signals.
Mall Expansion Reignites Race For Iowa's Largest Mall
UPI reports General Growth Properties opened a 320000 square foot addition to Northpark Mall, Des Moines. The move contests claims by Merle Hay Mall and Northpark as Iowa's largest, with Merle Hay possibly 60000 square feet bigger at times.
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UPI
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Bonds Slip On CPI Rise And Treasury Yields Rise
The bond market fell on Tuesday after a July CPI report showing prices up 1.2 percent. Long term Treasuries declined about 0.1 points, municipal bonds dropped near 2 points, while the Triborough Bridge and Tunnel Authority 2011 30 year bond traded lower before rebounding slightly as yields climbed. The overnight federal funds rate eased to 1.6 percent, prompting some buying.
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