Active Ease Policy Set Up by Reserve
In a July 4 outlook, the Reserve Board introduces the policy of active ease to spur bank lending and investments by 9 billion dollars. Despite improvements, several plants close or cut workers in Yonkers Greenville Eastern Pa Lehigh Valley GM Electro Motive Willys Budd Marion Ohio and Detroit area.
MENTIONED IN THIS ARTICLE
Eisenhower
Federal Reserve Board
Reserve
Alexander Smith, Inc
Yonkers
N. Y
Greenville
Miss
Pressed Metals of America, Inc
Port Huron
Mich
United Auto Workers, Cio
Pennsylvania
Lehigh, Coal and Navigation
Apex Hosiery
Philadelphia
Motor Products Corporation
Marion
Ohio
Ford
Chrysler
Studebaker
Eisenhower Reserve Board
Stocks of Interest In Eastern Iowa
Eastern Iowa market brief lists price ranges for common and preferred shares across multiple companies. Notable quotes include Allis-Chalmers Central Fibre, Collins Radio, Commonwealth Edison, Inter-State Power, Iowa Electric Light and Power, and Quaker Oats, among others, with figures showing recent bid and asked levels.
MENTIONED IN THIS ARTICLE
Allis-Chalmers
Central Fibre
Cherry-Burrell
Clinton Industries
Collins Radio
Ns Radio
Commonwealth Edison
Nav'l. Bank & Trust
Owe Dl Gas & Elec
Owe Souther Util
ink-Belt Co
Owe Bell Lumber
Eredith Publishing Co
Nicholson
Portland Cement
Enicek & Ford
Quaker Oats Co
Makeroe Co
E. Mig. Co
Sillea
Ecumseh Froduets Co
Carr appointed sales promotion manager at Century Engineering
A. E. Carr named sales promotion manager for Century Engineering Corp s heating division. The newly created post will oversee advertising and related activities. Carr, formerly assistant sales promotion manager at Coleman Company Wichita, has background with Montgomery Ward and is a Kansas native and University of Oklahoma journalism graduate. He is married with three children. family to join in Cedar Rapids.
MENTIONED IN THIS ARTICLE
A. E. Carr
Century Engineering Corporation
W. S. Moellering
Carr
Catr
Coleman Company
Wichita
Kan
Montgomery Ward and Company
Kansas
Eastern Iowa Business News Update of Local Purchases and Openings
Traer R J Smith and son Gordon bought the Star-Clipper building from the Ella C Taylor estate for 15000 dollars. The drug store occupies half the first floor, the other half houses Nissen's bakery, with no current use planned for the Star-Clipper stairs. Keota Bernard Hahn bought the Standard Station, Traer The Dean Wilson Company expands frozen foods and shelving in remodeling the grocery dept. Traer Gerald Bremmer modernizes his Bremmer drug store after buying it from Louis Cassavka. Arlington John E Smith opens a veterinary office in the former Ralph Beckner residence. Monona Miss Irma Schofield moves a Fashion Shop to the vacated English Pharmacy building. What Cheer Dr H L Monroe opens a dental office. West Liberty Dr B D Watson of Sioux City joins Carey and Carey in veterinary practice.
MENTIONED IN THIS ARTICLE
TRAER
R. J. Smith
Gordon
Star-Clipper
Ella C. Taylor
Nissen
Smiths
Keota
Bernard Hahn
Vernon Adams
Dean Wilson Company
Gerald Bremmer
Bremmer Drug Store
Louis B. Cassavka
Arlington
John E. Smith
Ralph Beckner
Monona
Irma Schofield
H. L. Monroe
West Liberty
B. D. Watson
Sioux City
Carey
Auto industry boosts optimism at mid 1950s
Detroit reports a bullish mid year on 1954 auto sector. Ford and Chrysler executives cite solid demand, rising orders, and favorable economics including high employment, savings, and population growth. Nash adds dealer expansion as new models promise improved performance.
Market Prices and Livestock Estimates From Chicago AP INS
Mixed livestock trading last week with hogs and cattle showing wide price spreads. Unofficial Monday receipts: hogs 5,000 cattle 16,000 sheep 500. Top hogs $26.00, bulk $21.00–$25.50. Cattle: choice steers to $27.25, common to choice $15.00–$23.50, yearlings $15.00–$27.00. Sheep: spring lambs $22.50–$23.00, yearlings $10.00–$17.50. Grain and seeds prices listed for oats, corn, soybeans, timothy, and clover futures.
MENTIONED IN THIS ARTICLE
Chicago
Department of Agriculture
INS
Cedar Rapids
Sateenee Choice
Dcomn
Markets Close Monday for Independence Day
In observance of Independence Day financial and commodity markets across the United States will be closed on Monday.
MENTIONED IN THIS ARTICLE
New York
United States
U.S. Loans Drop Slightly in June Bank Reports
Chicago state and national banks issued statements showing a small decline in loans and discounts as of June 30. Total loans and discounts stood at 3,198,521,000, down from 3,216,129,000 in the previous period.
MENTIONED IN THIS ARTICLE
Chicago
INS
Market Review Shows Stocks Near Postwar Highs Amid Rise
New York market edged up as six month gains kept the AP index near the 1929 high. DuPont jumped 15 percent in a single day before retreating, Pacific Mills surged after a buyout bid to 45 a share, oil stocks faced pressure from lower fuel prices but rallied Friday.
MENTIONED IN THIS ARTICLE
New York
Associated Press
du Pont
Pacific Mills
M. Lowenstein and Sons, Inc
Des Moines Livestock Prices Dip as Demand Weakens
Receipts Saturday total 17 000 with week-ago and year-ago figures 29 500 and 30 000 holiday actuals. Demand slow and prices steady to 25 cents lower. Top hog price 24. Barrows and gilts range across weights with various price brackets listed, including 180-200 Ibs at 22.25 to 24.00 and larger ranges up to 360 Ibs. Overall cattle and hog quotes provided from Des Moines market.
MENTIONED IN THIS ARTICLE
Federal Reserve System
Reserve Board
Fed
Des Moines
INS
Fort Dearborn Resettlement Plan Aims to Rebuild Chicago
Chicago officials and developers push a 400 million Fort Dearborn resettlement with 151 acres along the river. A 62 acre 165 million government center would consolidate courts and agencies. Arthur Rubloff and Nathaniel Owings back the plan with Chicago Plan Commission support.
MENTIONED IN THIS ARTICLE
Fort Dearborn
Chicago
Chicago River
Rush Street
Ontario
Government Administration
Bridgetender
Arthur Rubloff
Rubloff
Nathaniel Owings
Skidmore, Owings and Merrill
Owings
Chicago Plan Commission
Martin H. Kennelly
Chase Named Traffic Manager of North American Van Lines
Milton B. Chase former Cedar Rapids resident named general traffic manager for North American Van Lines Inc from Fort Wayne offices. He will supervise driver personnel and equipment. Chase joined five years ago as a dispatcher in Kansas City and has held posts in Des Moines and Fort Wayne.
MENTIONED IN THIS ARTICLE
Milton B. Chase
Cedar Rapids
North American van Lines, Inc
Fort Wayne
Ind
Chase
North American
Harold E. Pound
Memorial Drive
McKinley High School
Coe College
Kansas City
Des Moines
Largest Gas and Oil Sale in History Made
Amarillo reports the largest U S gas and oil sale ever completed, with more than 118 million dollars involved. The move includes former holdings of the Panama Corporation of Amarillo.
MENTIONED IN THIS ARTICLE
Amarillo, Texas
INS
Texas Oo
Satuday
Panama Corporation of
Amarillo
Bank Clearings in Cedar Rapids for Week Ended July 3
Bank clearings in Cedar Rapids for the week ended July 3 totaled 5 319 186 dollars, up from 3 950 128 dollars for the same week a year earlier. The week ended June 26 reported 4 510 254 dollars in total clearings.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Schering's 1953 Sales From In-House Research Highlights
Schering Corporation, a pharmaceutical maker, reported that 65 percent of its 1953 sales came from products developed in its own research laboratories and introduced in the last five years.
MENTIONED IN THIS ARTICLE
Schering Corporation
Also Mentioned on This Page
Wv. A. Livingston
Hiladelphia
Tule
Boston Braves
General Motors
Electro-Motive Corporation
LaGrange
Willys
Murray Corporation
Detroit
Budd Company
Iowa
Eastern
Iowa Business News
MNS
Benson Ford
Ford Motor Company
Lincoln-Mercury
E. M. Braden
U. S
Braden
Nash
H. C. Doss
American Motors Corporation
American Motors
Joseph E. Bayne
Bayne
C.R. Markets
Chicago Livestock
John Donnelly & Company
Merchants National Building
National Association of Securities Dealers, Inc
Pusateri Insurance Agency
1St Avenue
America
Lovest Kostka Company
501
Merchants National Bank
Ernest Kosek
Ludmil Prastka
Frank Sladek
Otto F. Kosek
Agnes Hradecky
U.S
Market Review
Ft. Dearborn
Edward S. Kitch
O’leary
Dick Murphy
Michigan Avenue
Lake Michigan
Murphy
Midwest
5Th Ave
Fifth Avenue
Prudential Insurance Company
Chicago Park District
Prudential Building
LaSalle
Washington Streets
Adams and Clark
University of Illinois
Merchandise Mart
Waterloo Hogs
Waterloo
Butchers
Ace
Gundling Investment Company
Higley Building
DIAL
Robert W. Nelson
Weston D. Ralston Insurance
Corp Qara
First Avenue, S.E
Cedar Rapids, Lowe
Crandic
Iowa City
Crandic News
van Line
the Man
Brown
the Guaranty
F. D.1i.c
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