Christmas 1951 To Be Different By J A Livingston
Washington moves to a garrison state as Christmas 1951 differs from 1950 with tighter price controls and a voluntary freeze under DiSalle. The plan relies on enforcement by leverage, not staff, to curb profits and hold living costs amid defense demands.
MENTIONED IN THIS ARTICLE
Ashington
Washington
United States
Michael V. DiSalle
Toledo
Leon Henderson
DiSalle
Alan Valentine
Economic Stabilization Agency
Congress
Garrison
Economy at 1951 crossroads amid wartime prep and tax load
The narrative portrays a U.S. economy entering 1951 with record 1950 performance driven by defense buildup after Korea's June invasion. It warns of greater sacrifice, heavy armaments spending, higher taxes, rising debt, and constrained civilian gains, amid inflation pressure and near 62 million employment. It cites 1950 national income around 230 billion, gross national product near 275 billion, and a cost of living index reaching 174.8 in October.
MENTIONED IN THIS ARTICLE
York
Korea
Defense mobilization reshapes governance and price controls
The article outlines a rapid expansion of defense related staffing with John R. Steelman Charles E. Wilson and Sidney Weinberg joining ODM, Lucius Clay on leave from Continental Can to aid procurement, and a push to stabilize living costs. It notes anticipated cutbacks in civilian production, a Controlled Materials Plan to divert metals to defense, and tighter credit and consumer spending rules as the post Korean War economy shifts toward war mobilization and price control.
MENTIONED IN THIS ARTICLE
White House
John R. Steelman
DiSalle
Charles E. Wilson
General Electric
Office of Defense Mobilization
Gen
Lucius Clay
Continental Can Company
Wilson
Clay
Brehon Somervell
James F. Byrnes
Germany
Sidney Weinberg
Goldman, Sachs and Company
War Production Board
Donald M. Nelson
Weinberg
WPB
ODM
Stocks and Bonds of Interest in Eastern Iowa
Eastern Iowa market roundup notes price ranges from recent trades for stocks and bonds. Not a firm bid or offer, the quotations indicate where values have been in the market and may guide investors on current cash and investment securities.
MENTIONED IN THIS ARTICLE
Iowa
Central City-Joseph Hybl Buys Val Shonka Welding Shop
Central City notes Hybl, formerly with Allis Chalmers Milwaukee and LaPlant Choate Cedar Rapids, bought the Val Shonka welding shop and took possession. West Branch sees Walter Kephart assume retail sales routes for John Offringa dairy. he comes from Wilder Grain. Earlville’s Will and Mrs. Mullan take Clover Farm store from Davies. McGregor’s Wayne Martin promoted to Milwaukee depot agent supervisor at Marquette, succeeding retired Schrader. Traer’s Beauchamp purchase Please-A-cafe, taking charge Feb 10. Shellsburg hires Orville Blough as line man for Farmers Mutual. Sigourney nurse Adelle Allum moves nursing home to new residence at Stuart and South Main.
MENTIONED IN THIS ARTICLE
Central City
Joseph Hybl
Hybl
Allis-Chalmers
Milwaukee
LaPlant-Choate
Cedar Rapds
West Branch
Walter Kephart
John Offringa
Kephart
Wilder Grain Company
Earlville
Will Mullan
Clover Farm
Arthur Davies
McGregor
Wayne H. Martin
Milwaukee Railroad
Marquette
Fred A. Schrader
Prairie du Chien
Wis
Traer
Beauchamp
Brighton
Shellsburg
Orville Blough
Vinton
Farmers’ Mutual Telephone Company
Sigourney
Adelle Allum
Stuart and
South Main Streets
Bank clearings rise week to Dec 23 totals
Bank clearings for the week ended Dec 23 totaled 5,029,143.62, up from 3,779,974.96 in the same week last year according to Clearing House reports. The week ended Dec 14 registered 4,826,274.69.
MENTIONED IN THIS ARTICLE
Clearing House
Economist Says Big Corporations Vital to Nation
Iowa City reports G. R. Davies argues in the Iowa Business Digest that investing in large corporations yields profits and national strength. He cites stock gains from the Thirties to today, notes inflation effects, and says taxation is passed to the public in prices.
MENTIONED IN THIS ARTICLE
Economist
Iowa City
G. R. Davies
Iowa Business Digest
Davies
Davis
Ageold
Record Dividends Reach High for 1950 Gains
Washington reports stock holders received a record 7.5 billion dollars in cash dividends during 1950 with total dividends reaching 8.5 billion. Auto makers led payments rising around 70 percent in ten months as General Motors posted 702.7 million in nine months. Railroads fell 10 percent as costs rose and credit growth slowed under controls.
MENTIONED IN THIS ARTICLE
General Motors
Inflation Crowds Stocks Up Despite War Scare
New York stock market shows resilience with inflation hedges in real estate and solid stocks. Rail carriers post strong earnings while utilities rally on potential tax relief though inflation risks loom. Trading volume runs high as investors push prices despite war fears and proposed tax changes.
MENTIONED IN THIS ARTICLE
Korea
New York Central
Curtis Wright
General Motors
Missouri
Kansas Texas
Packard Motors
Alleghany Corporation
Benquet Consolidated Oe
Delaware Lackawanna
Pennsylvania
R.R
Daniel F. Rice and C Company
Any
Merchants National Bank
Leslie Gould
New York
INS
Lindsay Named on NPA Committee
Kenneth Lindsay of the Iowa Manufacturing Company is named to the National Production Authority advisory panel for construction machinery. Appointed by William Henry Harrison, he previously served on a 14 member War Production Board committee. The ten member current panel will meet January 4 in Washington to start advising on mobilization needs.
MENTIONED IN THIS ARTICLE
Kenneth Lindsay
Iowa Manufacturing Company
National Production Authority
William Henry Harrison
NPA
Lindsay
War Production Board
Washington
Also Mentioned on This Page
J. A. Livingston
di Salle
Truman
Philip Murray
CIO
William Green
AFL
Great Britain
Harry T. Montgomery
AP General Business
Associated Press
Korean War
U.S
AP News
Dale Carnegie
Cedar Rapids
Percy H. Whiting
Charles R. van Nice
P. O. Box
Des Moines
Central States
Clinton Industries
Collins Radio
Curtis Co.ll
I Eddy Paper Co
Inter-Ocean Sec. Corp
Iowa Elec. Co
Rockwell Mfg. Co
F Inc Ee
Boston Fund Inc
Ee Ree
Gas Industries Serae
Keystone
Keystone Keystone
Custone
Keystone Custody
Mass Investor
Mass Invest 2d Fd Inc
Putnam (‘G
Union Bond Fd Bee Wee Eee
Wellington Fund
Crandig
Crandic
Crandie
Wea
Sat
KXIC
Sua
Eastern
Iowa Business News
Gand Fi
American Building
Entra
Dial
National Association of Securities Dealers, Inc
N.Y
Hamlet
Kosek
Lanest Nosen
Ernest Kosek Luc Agnes Hradecky
Imil Prastka
Frank Sladek
Betty Hildebrand
Department of Commerce
Secretary of the Treasury
John W. Snyder
Senate
Stock Exchange
L. H. Stubbs & Company, Inc
O.R.C
A. C. Hoblitzell
J. D. Kendall
Ravenscroft & Company
Chatal
Hut Vuce
E. Cohn & Sons
9Th Avenue
3Rd Street
Cedar Rapids, Lowa
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