Mortgage Panic Threatened by Inflated Prices
HUDSON PHILLIES reports fear of a runaway home price surge as war era shortages push values up. Experts cite Michigan Ohio California and other states with rising mortgage lending and HOLC-backed sale price inflation. The piece links higher buy rents, OPA certs, and a potential repeat of the 1920s mortgage crash across multiple cities including Detroit Milwaukee Cleveland San Francisco Los Angeles Seattle Phoenix and others.
MENTIONED IN THIS ARTICLE
Hudson Phillies
New York
John H. Fahey
Federal Home Loan Bank Administration
Michigan
Ohio
California
Arizona
Illinois
Indiana
Wisconsin
Oklahoma
Oregon
Washington
Home Owners Loan Corporation
Fahey
Pacific Coast
HOLC
Southwest
OPA
Detroit
Milwaukee
Cleveland
San Francisco
Los Angeles
Seattle
Phoenix
Tucson
Ariz
Bank clearings in Cedar Rapids rise to over two million
The Clearing House reports Cedar Rapids bank clearings last week at 2,128,022.95 dollars, up from 1,582,502.40 the prior week and compared with 2,005,912.12 for the week ending June 12, 1943. Red foxes eat grapes to round out their diet.
MENTIONED IN THIS ARTICLE
Cedar Rapids
LaPlant Choate Boosts Dividend and Redeems Preferred Stock
LaPlant Choate Manufacturing announces regular quarterly dividends on common stock increased to 0 cents per share with an extra 10 cent dividend. Both payables are June 30 to records June 20, 1944. Directors redeem 1,000 shares of 7 percent preferred stock at par June 20. Ten month net sales total 10,825,976, up 75 percent. earnings 2.17 per common share, up 38 percent. working capital up 680,000.
MENTIONED IN THIS ARTICLE
LaPlant- Choate Manufacturing Company
A. D Dennis
LaPlant-Choate
Dameron Resigns From Standard Glass Leader Post
J. E. Dameron resigns after 13 years as manager of Standard Glass and Paint and 22 years with the company. He starts Kenwood Sales. New manager L. W. Busby of Des Moines takes over after 17 years with the firm. His wife and son will relocate to Cedar Rapids.
MENTIONED IN THIS ARTICLE
J. E. Dameron
Standard Glass and Paint Company
Dameron
Kenwood Sales Company
L. W. Busby
Des Moines
Cedar Rapids
Stocks and Bonds of Interest in Eastern Iowa
Eastern Iowa market summary shows quotation ranges for hog prices at Des Moines and packing points. Figures cover weights from 160 to 450 pounds with price spreads and regional bids noted for Waterloo Ottumwa Mason City and Des Moines area markets.
MENTIONED IN THIS ARTICLE
Iowa
Des Moines
Mason C. Waterloo
Ottumwa
Austin
Labor's Role in War Production Reported by Agencies
A government release received by CIO affiliate leader Charles W. Hobbie lists labor outputs through January 1944 including 157000 aircraft 51000 tanks 1623000 machine guns 7506500 rifles and carbines 31500000000 rounds of ammunition 14567 military vehicles and 1899 Liberty ships The Truman committee and other agencies note high plant development housing training and airfields while labor bonds totals and lend lease transfers are cited in the nation’s wartime effort.
MENTIONED IN THIS ARTICLE
Office of Emergency Management
Charles W. Hobbie
United Farm Equipment and Metal Workers of America
CIO
War Production Board
Truman Committee
Foreign Economic Administration
United Nations
Russia
Bureau of Labor Statistics
Tal
National Safety Council
AFL
War Manpower Commission
Linn County Conveyances and Mortgages Report
Linn County Abstract Company records show two conveyances and no mortgages for June 2 to June 8, with total mortgage value not stated. Compared to last year the same week had 47 conveyances and mortgage totals of 74,745 dollars.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Morrow Named Assistant Manager At Old Line Life
Everett E. Morrow named assistant manager in the accident and health department of Old Line Life Insurance Co. of America Milwaukee. Morrow, a Cedar Rapids native, joined the company in 1941 as field superintendent.
MENTIONED IN THIS ARTICLE
J. E. Reilly
Old Line Life Insurance Company of America
Milwaukee
Wis
Everett E. Morrow
Accident and Health Department
Morrow
Cedar Rapids
Old Line Life
It’s Not Forms It’s Applicants Says Ration Head
Cedar Rapids residents are urged to carefully complete ration board applications for supplemental gasoline. A. T. Pleune, Linn county wartime price and rationing chief clerk, says signatures dates mileage figures are often missing or vague and cause delays.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Ration Board
A. T. Pleune
Linn County War Price and Rationing Board
Pleane
Transportation Committee
Oo Postal Service
Pleune
Honeymead completes new plant at Spencer Iowa
Honeymead Products company of Cedar Rapids completed its Spencer Iowa plant and plans more plants, in cooperation with the War Food administration. The new extraction type soybean plants yield more soybean oil per bushel, adding about 1 350 000 pounds of oil per Honeymead plant. The program aims to cut transportation by at least 2 900 000 ton miles yearly with Cedar Rapids as the hub.
MENTIONED IN THIS ARTICLE
Honeymead Products Company of
Cedar Rapids
Spencer
Ila
Washington
War Food Administration
Honeymead
Rationing at a Glance Sets Stamp Rules and Hours
The notice outlines red blue and airplane ration stamps for beef butter sugar and shoes with indefinite validity in some books. It notes transfer allowances within blood-related families and specifies tire inspection retention and gas ration details. The Linn county war price and rationing board led by A. T. Pleune lists office in the American building with weekday and Saturday hours.
MENTIONED IN THIS ARTICLE
Linn County War Price and Rationing Board
A. T. Pleune
American Building
First Avenue
Second Street
Also Mentioned on This Page
Office of Price Administration
Lah
Kenwood Telephone
Kenwood Ln
Gazette
Thirty-second Street
Leonard Street
Sanford
Central States
Elec
Elec. Co
Cherry-Barre Co
Tide Honeymead Products Co
Interstate Pr Co. Co
Interstate Pr
Towa Public Service
Southern Utilities Ie
Southern” Utilities
Lapiant-Choate Mie
LaPiant- Choate Co
Natonal City Co
Penick
Ford Bite Inc
Comae
Quaker Oats
Quaker Oats Co
Rath Packing Co
United Lt. & Rys. Co
Lt. & Rys. Co
United Lt. & Rys
Wilson & Co
UNION
Henry
Marion Joe
No.w. J. Memoran
Jim Noser
Gad
Booses Seve
Belore Reaser
Real Estate and Mortgage Reports
Chicago
Lamson Brothers
H. R. Mowrey
Merchants National Bank
Saese
Decenee
Messinger & Sons
Cedar Rapids, Lowa
Dial
Acer
Kitchen Ensemble
Ponderosa
Telmt Ua
Rad Seven
Marion
Federal
Depesit Insurance
Corporation
the: Peoples Savings Bank
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