Market Has Fastest Saturday in Six Years
New York stocks surged on a brisk Saturday session as a looming nationwide steel strike spurred liquidation and heavy trading. The 60 stock average slipped 0.7 to 785, while volume climbed with 939 issues active and 565 down, 216 up, 158 unchanged.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Cities Service
Hazeltine
Glen Alden Coal
Pep- 11
American Electric Bond & Share
Brown-Forman Distillers
Strikes Slash Planned Auto Production and Jobs
The AP reports nine weeks of GM strikes and related stoppages have cost auto workers at least 75 million in wages and cut vehicle output by about 400 million in value, with 106000 cars produced despite a potential 590000 due to disruptions. Industry forecasts drop from 6 million cars to 4 million for 1946.
MENTIONED IN THIS ARTICLE
Etroit
General Motors
C. F E. Wilson
Stocks and Bonds of Interest in Eastern Iowa
Eastern Iowa market notes show price ranges from recent trades for stocks and bonds. The quotations are not firm bids but indicate where prices have traded, with emphasis on local issuers and regional securities.
MENTIONED IN THIS ARTICLE
Iowa
Crosley unveils low-cost postwar car with 50 mpg claim
Crosley Motors announces a streamlined aluminum bodied car on an 80 inch wheelbase powered by a new four cylinder furnace brazed engine. It weighs about 1000 pounds and is said to reach 60 mph and deliver 50 miles per gallon of gasoline. Production through department stores and franchised dealers in 150 centers is planned.
MENTIONED IN THIS ARTICLE
Cincinnati
Crosley Motors
Powel Crosley, Jr
Crosley
Real Estate Wanted on West Side Seeks Cash Buyers
Two former customers seek to buy homes on the southwest side with cash. Advertised by a real estate agent active since 1919, offering 2 or 3 bedrooms on the east side with cash payments up to $1000 and private contact numbers.
MENTIONED IN THIS ARTICLE
East Side
Future Tires May Last For 100,000 Miles
Akron based Associated Press report outlines tire futures with 100000 mile life. Goodyear executive R P Dinsmore discusses aims for lighter, elastic tires using natural and synthetic rubbers. Advances include new cords, butyl inner tubes, and pigments to extend tire life amid postwar supply shifts.
MENTIONED IN THIS ARTICLE
Howard W. Blakeslee
Associated Press
Akron
Ohio
R. P. Dinsmore
Goodyear Tire and Rubber Company
Silk poised to reclaim luxury arc in postwar fashion
New York AP reports silk likely to regain an aristocratic role in clothing after WWII. High prices, scarce supply, and war-era constraints shape demand. designers say silk will remain a luxury, with use expanding in lingerie and high-end garments as imports rise and price controls lift.
MENTIONED IN THIS ARTICLE
Dorothy Carew
New York
United
Harry Robinson
Yolande
Robinson
Office of Price Administration
Proposals for World Trade and Employment Aimed at Surplus Cure
The United States pushes a plan to tackle surpluses in rubber coffee wheat and cotton through UN backed measures. It calls for study groups to reduce excess production set export limits and shift capital to greener fields while ensuring transparency and annual reviews. An international trade organization would oversee data gathering dispute resolution and broader liberalization efforts.
MENTIONED IN THIS ARTICLE
Sigrid Arne
Ashington
Far East
United Nations
United States
U.S
Great Britain
France
Netherlands
ITO
Troop Arrivals Reported At East and West Coast Ports
The Associated Press notes more than 24,000 servicemen aboard 33 transports to arrive today at one east coast and four west coast ports. Ships include George Washington from Le Havre with 6,229 troops and multiple units, Hagerstown Victory from Antwerp with 1,622, John S. Pillsbury from Marseille with 519, and Admiral Benson from Okinawa with 4,778 personnel. San Francisco expects 21 Pacific ships totaling 9,479 men arriving.
MENTIONED IN THIS ARTICLE
Associated Press
George Washington
le Havre
333Rd Inf
334Th Inf
84Th Inf
84Th Inf. div
Inf. Reg
F.A
Hagerstown Victory
Antwerp
Marseilles
Henry Wilson
San Diego
Boggs
Navy
Tory
Yokohama
Army
Los Angeles
Admiral Benson
Okinawa
Dutton
Fort Jupiter
San Francisco
Pacific
Bank Clearings In Cedar Rapids For Week Ended Jan 19
Bank clearings in Cedar Rapids for the week ended January 19 totaled 2 968 674 14 dollars, compared with 2 363 664 64 dollars for the same week a year ago. The clearing house reported 2 837 988 76 dollars cleared through Cedar Rapids banks in the week ended January 12.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Tree weight estimated for large rewood trunk at 1700
A historic note estimates the weight of a sizable rewood tree at about 1700 units. The fragment references a substantial timber specimen and suggests measurements or valuation in early forestry records.
D. M. Ink Forms New Cedar Rapids Corporation
Articles of incorporation filed last week establish the D. M. Ink corporation with a $75,000 capital. It is the parent for Technical Publications and Engineering divisions, offering catalogs and technical manuals for manufacturers and providing tools and product design services. Officers include Dorothy E. Ink and William A. Hungerford. D. M. Ink emphasizes it is not a holding company. Offices are in the old Federal building.
MENTIONED IN THIS ARTICLE
D.M. Ink Corporation
Cedar Rapids
New Corporation
Technical Publications
Army Corps of Engineers
D.M. Ink
Dorothy E. Ink
William A. Hungerford
Federal Building
Paley Named Chairman of CBS Board
William S. Paley, the largest single stockholder of the Columbia Broadcasting System, was elected chairman of the board on Saturday. Paley, recently discharged as a colonel after two years in North Africa and Europe, had served as CBS president since 1928.
MENTIONED IN THIS ARTICLE
Hollywood
William S. Paley
Columbia Broadcasting System
Saturday
Paley
North Africa
Europe
Holstrom Promoted From Cedar Rapids Woolworth Manager
Carl W. Holstrom, longtime Woolworth Cedar Rapids manager, is named district superintendent for 20 eastern Iowa stores, southwestern Wisconsin and part of Minnesota. He heads to Minneapolis for headquarters, effective later this week. Robert Wegman will replace him in Cedar Rapids.
MENTIONED IN THIS ARTICLE
Carl W. Holstrom
F. W. Woolworth Company
Cedar Rapids
Iowa
Wisconsin
Minnesota
Minneapolis
Janesville
Wis
Holstrom
Retail Merchants’ Bureau
Bureau
Civic Bureau
Chamber of Commerce
Kiwanis Club
Roofing Material Sent to Europe Allegedly
President Harry G. McCandless told the North Central States Roofers council meeting that roofing materials badly needed in the United States were being shipped to Europe. He noted a housing shortage increases demand for roofers while employed workers dwindle, and said seven state delegates will plan to establish an equal wage scale over the weekend.
MENTIONED IN THIS ARTICLE
Omaha
Europe
North Central States
Roofers’ District Council
AFL
Harry G. McCandless
McCandless
Real Estate And Mortgage Reports From Linn County
Conveyances and mortgages recorded in Linn county for January 11 to January 17 reported by the Linn County Abstract Company show mortgages totaling $125 508 45 and aggregate mortgage value higher than the same week last year at $106 700.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Saardasta
Broad steel strike will gradually affect many industries
President Truman warned the steel strike will ripple through the U S economy. About 45 percent of workers depend on steel in some way. As demand had been high and stocks are kept low, production cuts will slow building, auto, shipbuilding, rail, and consumer goods.
MENTIONED IN THIS ARTICLE
Truman
Federal Reserve
Benjamin F. Fairless
U. S. Steel
Bethlehem
Interstate Commerce Commission
Motors
Ford
Washington
United States
U. S. Steel Corporation
Also Mentioned on This Page
Elmer C. Walzer
Wall Street
Federal Reserve Board
Associated Press Automotive
Chrysler
Nash
Hudson
Studebaker
Packard
Central States
Gerry-Burrell Co
Pruehaus
Ise
LaPlantoate Co
Bos
Wilson
Ewne
Wilson and Co
Northwest
Wae
LPR
S Dakota
Swift
Armour, Wilson and
Cudahy
Rubber Laboratories
Abbot J. Copeland
Cohn-Hall-Marx Fabric House
Copeland
Nettie Rosenstein
South America
Maurice Rentner
UNO
China
Malaya
Indo-China
Indies
Canada
Argentina
Australia
India
Turkey
Romania
Italy
Germany
Austria
U.S.S.R
U. S
Third Avenue
Mlb
Natl. Bank
Paramount Pharmacy
Paramount Theatre
U.S.P
Us.p
D. M. Ink
C.B.S. Board
C.R
Real Estate and Mortgage Reports
James Marlow
Knapp and Company
Mer Nat'l Bank
Dial
Russell F.eary Henry Gundling Sam
Johnson
American Mutual Life Insurance CO
R. M. Threlkeld
Merchants Bank Bliég
Frank Filip and
Higley Bldg
Fara
The
Hedges Company
Marion H. Williams
Williams
First Christian Church
the Hedges Company
Realtors
Dows
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