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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 18, 1948
Page
2
J A Livingston analyzes Truman’s call for a special congressional session. He argues economic gains since 1933 alter the political landscape, with housing growth, civil rights shifts, and the Taft Hartley act shaping the debate. He notes bipartisan support and the slower path to meaningful reform amid postwar conditions.
Paris reports say United States and five Western European nations are in secret talks on defending Western Europe. French sources say abandoning Western Germany and the Lowlands could occur unless US supplies equip 20 French divisions, with Britain and Benelux strengthened to hold the Rhine until US forces arrive.
New York reports the stock market posting its widest weekly break of 1948 amid mixed gains and losses. Declines followed Truman's call for a July 26 special session, steel wage hikes, and rising prices, while coal strikes and dividend moves offered some support. Curtiss-Wright spiked on dividend news, while oil shares led the selling.
Eastern Iowa market notes show price ranges for recent trades rather than firm bids. Listings include Burrell Industries, Radio, Iowa Co, Distilling Co, City Electric, and other entities with percentages and values indicating current trading ranges.
Bank clearings in Cedar Rapids totaled 4 117 764 71 for the week ending July 17 up from 3 518 710 53 a year earlier. The week ending July 10 reported 3 185 084 86 in total clearings.
The piece reflects on July aviation milestones from 1914 when the U S Army signal corps formed its aviation section to 1933 when Wiley Post flew 15 596 miles toward a world record. It recalls Rogers and Post’s 1935 crash and other dramatic yet distant aviation feats that shaped American air history.
The piece notes a slight drop in activity at Cedar Rapids fields due to variable weather and summer lull. Three solo pilots from Cedar Rapids and Anamosa earned wings, with Marion's Harry Nofal starting at Saxon. About 120 people enjoyed municipal air rides last Thursday, supplied by Clarence Hess, Wilson Carpenter, Frank Hidinger, and Red Miner, with YMB supper on the ramp.
Robert T. Hastings of Cedar Rapids has been named office manager of The Quaker Oats Company's Ken L Products plant in Marion Ohio. Hastings has been with the company since 1933.
Conveyances and mortgages reported by the county abstract company show 9 conveyances and 68 mortgages for the period. The total mortgage amount reached 161,950 dollars, down from the same week last year.
State department planners discuss arming food convoys to Berlin as a last resort if the Soviet blockade lasts into winter. The plan aims to test the opponent’s resolve while avoiding immediate confrontation.
Iowa could wipe its debt if $22,651.25 in World War I soldiers bonus bonds were called. Bonds remain unpresented though funds are available, due to a constitutional rule requiring voter approval for debts over 250000. An $85 million bond proposal for World War II veterans faces the next election, potentially the state’s largest debt yet.
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