1941 Sees Record Business Levels in Midwest Amid War Demand
The Federal Reserve Bank of Chicago reports 1941 activity in the seventh district Illinois Indiana Iowa Wisconsin Michigan reached record highs. Employment payrolls and factory output surged as defense spending lifted steel, auto and furniture sectors while coal and petroleum profits grew. Public construction and bank lending also rose, with district sales and loans posting large gains despite last year’s lingering 1929 comparison.
MENTIONED IN THIS ARTICLE
Nhicago
Federal District
C. S. Young
Federal Reserve Bank of Chicago
Federal Reserve District
Illinois
Indiana
Iowa
Wisconsin
Michigan
Young
Chicago
Detroit
Federal Reserve
Dutch Hornet Nest Guards Java as Japs Press War
The Netherlands East Indies prepare to defend Java against Japanese forces. Gen Archibald Wavell commands for the United Nations in the southwest Pacific as a blitzkrieg defense unfolds with secret airfields, mined straits, heavy artillery, and fortified harbors around Batavia and Surabaya.
MENTIONED IN THIS ARTICLE
Netherland East Indies
J, Percival
Gazette
Andoeng
Java
Netherlands East Indies
Archibald P. Wavell
United Nations
Southwest Pacific
Mediterranean
Royal Netherlands Indies Air Force
Royal Australian Air Force
Royal Netherlands Indies Navy
United States
OPM Sets Jan 31 Deadline for Priorities Appeals
Federal Housing Administrator Abner H. Ferguson reminded builders that the final date to file applications for priorities assistance for privately owned non defense housing is Jan 31. Eligibility requires foundations in place before Oct 9 for the main structure to qualify.
MENTIONED IN THIS ARTICLE
Abner H. Ferguson
OPM
December industrial activity shows mixed gains for city
The consolidated chamber report for November and December 1941 notes overall business gains except for a 50 percent fall in building permits. December data show 82 permits valued at 329,779 dollars, inbound and outbound carloadings up from November, higher bank clearings, and increased employment across 20 firms to 7,352.
MENTIONED IN THIS ARTICLE
Consolidated Business Report
Chamber of Commerce
Arthur Poe New President Of The Morris Plan Co
Arthur Poe elected president of the Morris Plan Company at Cedar Rapids during the Jan. 15 annual meeting. He had been vice president and succeeds John M. Ely as vice president. Harry E. Pratt named chairman of the board. New executive committee members Edwin J. Larimer and Edwin C. Evans joined.
MENTIONED IN THIS ARTICLE
Arthur Poe
Morris Plan Co
Harry E. Pratt
Morris Plan Company
Cedar Rapids
John M. Ely
Harry T. Hedges
Leland R. Murray
Edith D. Lowe
Edwin J. Larimer
Edwin C
Barry Home Interiors Show Detailed Family Rooms
The article describes the Barry residence with specialized storage, a Dutch staircase door, blackout basement windows, and color coordinated rooms. It notes the basement’s concrete walls, gas furnace, and multiple bedrooms with unique wallpapers, draperies, and built in furniture designed by Mrs. Barry and executed by Donald Barry and Bruce McKay.
MENTIONED IN THIS ARTICLE
Barrys
Donald S. Barry
Barry
Playhouse
Donald Barry
Bruce McKay
Bank Clearings Rise in Cedar Rapids Week
The Clearing House reported Cedar Rapids bank clearings of 1 726 892 13 for the week ending January 17. This surpasses the 1 396 060 13 cleared in the week ending January 18, 1940, while the week ending January 10 logged 1 601 367 02.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Nelson Named Production Czar as War Board Formed
United States moves toward centralized war production with Donald M. Nelson at the helm as head of a new war production board. Officials expect strong cooperation from business and labor, while aims include boosting synthetic rubber output to 400 000 tons annually within 18 months and paying bonuses for key materials. Retail stocks and farm goods show gains as markets react to price controls and defense priorities.
MENTIONED IN THIS ARTICLE
Ward
Ranservelt
York
United States
Nelse
Donald M. Nelson
Nelson
OPA Heid
Leon Henderson
White House
Labor
Sidney Hillmar
OPM
Frenchy
War Labor Board
Defense
Piogram
Jesse Jones
Secretary of Commerce
Federal
Inan
Stocks End Irregular Week With Down Note
New York AP reports a generally irregular week in the stock market with declines mainly in blue chip names and high priced shares. Chemicals faltered while rails did better, overall volume was light and the Associated Press average slipped 2 points on the day.
MENTIONED IN THIS ARTICLE
New York
Associated Press
American Gas
Gulf
Stocks And Bonds Of Interest In Eastern Iowa
The Financial Editor notes recent transactions in Cedar Rapids and Des Moines area markets. Price ranges are given for bonds and stocks of local interest, with mention of auctions pre-rotations and notes on quotations where not quoted.
MENTIONED IN THIS ARTICLE
Iowa
Lowe
Jones Averages Boost as Markets Open Mixed
Stock listings show Jones averages drifting as early trading opens with mixed results. Industrials and utilities move modestly while rails trend lower and utilities gain slight ground amid cautious investor sentiment.
Also Mentioned on This Page
Business Hits
Middle West
United Mine Workers of America
Batavia
Sourabaya
Singapore
Japan
Sumatra
Borneo
Amboina
Royal
Lamson Brothers and Company
H R. Mowrey
Merchants National Bank
Pye
Sahara
Cedar Rapids Fuel CO
DIAL
ED Soboda
Maryland
England
Nor Am Tr
Nor Am Trust
Trustee Ltd Oil
W. T. Sands
2Nd ST. NE
Second Street
Roosevelt Hotel
May
Ford Hopkins
Katharyn
Louise
Std Ave
3Rd St
E. Cohn & Sons, Inc
A. G. Heim
Union Label Trades
Nelson Choice
Max L. Brown
Rio de Janeiro
Eure
Elac
Elec
A&a
Southern Sables Co
Am Town University Stadium
Ford
Rath Packing Co
United
Pow Jones
Sannday Industriais Qadan
Tyor
E, Gohn & Sons
Merchants Nat'l. Bank Bldg
Scott McIntyre & Co
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