Cedar Rapids Faces Wave of Local and Out-of-Town Mergers
A look at Cedar Rapids corporate activity shows Ling-Temco-Vought and partners expanding through several acquisitions and subsidiaries. Major local firms change hands as out-of-town groups gain control. about 60 percent of the industrial workforce remains with locally owned firms.
MENTIONED IN THIS ARTICLE
R. J. Reynolds Tobacco Co
Penick and Ford
Raytheon Co
Amana
Walter Kidde Co
LeFebvre Corp
W. R. Grace
Cryovac
Cedar Rapids
Collins
Cedar Rapids industrial outlook for 1968 shows modest expansion
The Gazette survey indicates a slower growth year for new plants in Cedar Rapids. Allis-Chalmers plans a 125 000 square foot facility with 100 initial workers, Collins Radio to expand with a 37 500 square foot site and ongoing hiring. overall employment is expected to rise slightly to about 750–800 at the Allis-Chalmers complex while city firms chart limited capital projects and no dramatic boom.
MENTIONED IN THIS ARTICLE
Cedar Rapids
the Gazette
Allis-Chalmers
Collins Radio Co
C Avenue
Chalmers
Larry Owen
Chamber
Owen
Henry Madden
First Avenue
Madden
East Side
W. R. Grace
Cryovac
Goodyear
Cargill
Downing Box
Cedar Rapids Engineering
Cherry-Burrell
Quaker Oats
Postage Hike Sets 5 Cent Penny Postcard Change
Congress agreed to a postal rate increase making the penny post card five cents and all mail classes affected. After presidential signature, the new levy will take effect January 7.
MENTIONED IN THIS ARTICLE
Congress
Medicare Premium to Rise for Voluntary Medical Insurance
Washington AP reports a $1 monthly premium increase for the voluntary medical insurance program supplementing Medicare. The rate rises from $3 to $4 per month, effective April 1, 1968, with the subscriber’s premium matched by federal funds.
MENTIONED IN THIS ARTICLE
Washington, D.C
Department of Health, Education and Welfare
Aquanauts Range Is Increasing By Walter Sullivan
Cmdr Scott Carpenter describes Navy Sealab plans to reach 98 percent of the ocean floor with new submersibles. Sealab 3 tests after Sealab 2. DSSV and DSRV rescue craft aim to recover subs and locate objects. NR-11 nuclear vehicle under construction at Electric Boat in New London with launch set for August.
MENTIONED IN THIS ARTICLE
New York
Navy
Cmdr
Scott Carpenter
California
Thresher
Carpenter
New York Academy of Sciences
Lockheed Aircraft Corp
Spain
The
Electric Boat Co
New London
Conn
618 Draft Card Violations Reported Nationwide
Draft chief Lewis B Hershey said 618 people in 46 states have turned in burned or destroyed draft cards. About half were in classifications that could be called soon, the rest were 4-F or not subject to immediate call. Burning a card is a federal offense with up to five years and a $10,000 fine. failing to carry one can lead to induction.
MENTIONED IN THIS ARTICLE
Lewis B
Pentagon
Germans Reject Soviet Protest on Nazi Rebirth
Bonn accused the Kremlin of meddling in West German affairs and delivered a formal note to the Soviet Foreign Ministry in response to a December protest over an alleged Nazi revival and violations of Potsdam by rearming and seeking lost territories.
MENTIONED IN THIS ARTICLE
Moscow
UPI
Bonn
Kremlin
Gebhardt von Walther
West Germany
von Walther
Vladimir Semyonov
Soviet Union
Germany
Europe
Fleeing Jewel Thief Bums Ride with Police
A 40 year old burglar stole jewelry valued at several thousand dollars and tried to ride with a police patrol pursuing him after the burglary alarm sounded. The impromptu ride ended as officers intercepted the suspect in Herzlia Israel.
MENTIONED IN THIS ARTICLE
Herzlia
Israel
Iowa Electric Sets 1968 Construction Budget at 16 Million
Iowa Electric Light and Power Co. announces a 1968 construction budget just over 16 million dollars with Cedar Rapids area projects totaling about 5.3 million. The plan includes new gas distribution systems in numerous towns and substation upgrades raising Cedar Rapids Marion area substations to 47. Distribution line upgrades raise voltages and new underground cable along Third Street SE to the Cedar substation are included.
MENTIONED IN THIS ARTICLE
Allis- Chalmers Manufacturing Co
Cedar Rapids
Prairie Creek
Goss Co
Bowling Street
Hawkeye Downs
Sixth Street
Square D
Collins
C Avenue
Collins and
Blairs Ferry Roads
Iowa- Illinois Gas & Electric Co
Iowa Electric Light & Power Co
Cedar Rapids Area
Iowa Electric
Iowa Electric Light and Power Co
Duane Arnold
Arnold
Stony Point
Albert City
Laurens
Linn Grove
Marathon
Peterson
Rembrandt
Sioux Rapids
Olin
Quasqueton
Springville
Welton
Birmingham
Victor
Armstrong
le Grand
High Amana
West Amana
East Amana
Hiawatha
Bowman Woods
Glass Road
Third Street
Cedar
Twelfth Avenue
River
Cedar Rapids Loop
East Post Road
Cedar Rapids-Marion
Speaker Jack Smith to Address Delta Nu Alpha Fraternity
Moore McCormack Lines Chicago office manager Jack Smith will speak to Delta Nu Alpha members Friday night. His address follows a 7 PM dinner at the Elks club, with a social period from 6 to 7 PM.
MENTIONED IN THIS ARTICLE
Jack Smith
Chicago
Moore-McCormack Lines
Delta Nu Alpha Transportation Fraternity
Smith
Elks Club
Also Mentioned on This Page
Ling
Wilson & Co
Wilson
L-T-V
James Ling
Magic
Signal Oil and Gas Co
Los Angeles
Signal Oil
General Dynamics Corp
Liggett & Myers Tobacco Co
Durham
N.C
National Oats Co
National
L&m. Keuffel
Esser
Hoboken, N.J
Kilborn Photo Paper Co
Kilborn Photo Products, Inc
Link-Belt
FMC Corp
San Jose
Calif
FMC
Food Machinery and Chemical Corp
Conrac Corp
Turner Co
Turner
Conrac
Communications Group
Corn Starch and Syrup Co
Joseph Sinaiko
Cargill, Inc
Minneapolis
Beatrice Foods
Vigortone
Foremost Dairies
McKesson and Robbins
Chamber of Commerce
Allis
Collins Plan
Penick & Ford
Rockford
Metro Press
Nissen Corp
Iowa Steel & Iron
Highway Equipment Co
Iowa
Medicare Medical Insurance
Walter Sullivan
New York Times
Washington
Fox Garage
FOX Garage, Inc
Murray's Grocery
Center Point Rd
Transportation Unit
New Hearing Aid
Maico Laboratories
MAICO
BY Maico
Hearing Aid Service
Paramount
Cedar Rapds
Majestic
Franklin Stove
Blake and
Arlene St. Clair
Barnett-Majestic CO
House OF Fireplaces
North Towne Lane
Kenwood Transfer
Junsoff
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