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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 18, 1944
Page
5
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Tait and Wagner brokers report eight house and apartment sales. Buyers include Mr. and Mrs. Ralph W. Lane to 1506 C Street SW, and Mr. and Mrs. Karl Weiss at 1008 Avenue NW, with multiple transfers to residents around SE and SW districts and investments by A. A. Kalliel and others. Cooperative sale also involves Yuill and Gohmann and John Wooden.
Mrs. Virginia Goodhile and her sister Mrs. Grace Eyman of Quincy NL purchase 369 Eighteenth Street from Mr. and Mrs. Harold Brown. Lundquist and company handled all four sales, including 1220 L Street SW to Ella Moore and the NW and SE properties on F Avenue and Fifth Street sold to Hauskins and Norton respectively. Mr. Norton serves in the armed forces.
Major and Mrs. Phillip W. Shive now in Miami Beach sold their house at 2316 B avenue NE to Mr. and Mrs. Isaac L. Brown of 120 Twenty-ninth street drive SE. They will take possession, subject to the tenant rent control rights.
Regulations describe a cooperative sale by Yuill and Gohmann and the Alice Gustafsson company. Through them Mrs. Mary A. Ludman sold her house at 507 Twenty-third Street NE to Milo H. Baldwin and his wife of 2413 C Avenue NE with possession still subject to the tenant's rights.
L Von Linder, a WMT Cedar Rapids veteran, will become manager of WMT studios in Waterloo starting July 3 replacing Don E. Inman who moves to WNAX Yankton. Linder served as newscaster since January and previously led public relations and war program efforts. He goes to Waterloo June 26 with his wife and 3 year old son to join him later.
The list shows price ranges for recent trades rather than firm bids, covering firms such as Central States Elec Co, Town Electric Co, Iowa Public Service, Interstate Public Co, Iowa Southern Utilities, Rath Packing, Quaker Oats, United Lines, Wilson & Co, Western Union, and Viking Pump among others, with notes on common and preferred shares and percent yields across multiple issue dates. Prices span roughly 4% to 106% in various lines, reflecting a broad market snapshot in the region.
OPA reports the worst black market is meat mainly beef with consumers paying in higher prices and short weights. Slaughterers restrict new customers, wholesalers pay hidden bonuses, and retailers charge overprices or better grades to hide the racket. Gasoline coupon counterfeiting likewise persists with arrests and convictions rising.
Interior Iowa and southern Minnesota hog receipts for combined markets in Des Moines ended Saturday at 20 800 head, down from 32 800 last year and 28 400 the prior period. Prices shown for various weight ranges from lean to heavy hogs.
Irregular wholesale price list for poultry items shows young turkeys hens and toms priced 34 to 40 cents, ducks 27 to 30 cents, rabbits 1.30 to 1.80, fowls 27 to 34 cents, Leghorns 20 to 24 cents, squabs and other products listed with various rates. Also notes checks on roosters and crossed breeds.
A question and answer briefing from the Iowa War Manpower Commission explains new employment ceilings in group I and II labor shortage areas, the use of USES referrals, and the shift to channeling all male hires through war-related job networks. It notes that ceilings are set by mutual agreement and may adjust with production needs, with protections for union rights and a pathway for worker choice among available job openings.
Governor Hick enlooper told the National Association of Salesmen at the Roosevelt hotel that window dressing of the United States will change with progress but the basic ideal of individual freedom must never be discarded. He warned against paternalistic government and urged sacrifice on the home front to support victory.
A Senate postwar planning panel urged against nationwide federal unemployment standards. The group recommended states continue to set payments, extend benefits, and survey needs while federal loans could bolster insolvent funds. coverage would include small employers and maritime private workers, with gov urging reimbursement to states.
Bank clearings in Cedar Rapids for the latest week totaled 2 219 748 29 dollars, per the Clearings House report. The prior year week ended June 19, 1943, was 2 034 387 85 dollars and the week ended June 10 was 2 128 022 95 dollars.
Conveyances and mortgages recorded in Linn county for June 9 through June 15 reported by Linn County Abstract Company show 26 mortgages totaling 123 400 and conveyances and mortgages figures for prior year include 77 887.
Market report from Cedar Rapids lists grain prices for No. 2 yellow corn at 1.04, No. 2 soybeans at 1.86, oats at 0.76 and 0.75, No. 2 wheat at 1.40, and No. 2 rye at 0.05. Hay straw prices high at 10.00 for bale straw and 14.00 for bale hay. Poultry prices show delivered rates for heavy springs and hens, plus eggs and live poultry. Produce and fruit figures include Florida celery 6.00 to 6.50 per crate, lemons 7.45, California naval oranges 5.75, lettuce 0.86, onions 2.84, sweet potatoes 5.10, apples Winesaps 4.25 per box and 3.35 per bu, potatoes 9.15 cwt, and various hides and animal products priced.
New York markets extended a war driven surge with the AP 60-stock composite reaching a record high not seen since 1937. Volume surpassed 1 million shares for the first time since 1941 as leading industrials rails and steels rose while some issues corrected after early gains. Chrysler advanced and Douglas led aircraft stocks. The 60-stock average closed up .3 and up 2.2 for the week, reflecting optimism over potential victory in Europe and corporate progress on re conversion.
Otto H eichelmann, district manager in the Office of Defense Transportation, warns of a tire shortage for heavy and medium duty trucks and buses in July through September. Despite an 18 percent rubber increase across transport sectors, only 10 percent appears in replacement tires. Third quarter demand estimates total 165 000 tires, with production capped at 140 000, creating a monthly deficit near 25 000 tires. Operators urged strict conservation, including slower speeds, better maintenance, and use of recaps where possible.
Harold H. Hall, owner, opened the Hall Investment company on the second floor of the Elkader theater building. He will handle real estate and farm loans and run an insurance agency and finance business.
An increase in the minimum pay rate for employees at the Iowa ordnance plant was announced by Major Robert Holt commanding officer at the plant. New York bond review reports continued gains in the bond market with American Telephone and Telegraph stock rising and touching new highs.
Furnished by Lamson Brothers with H R Mowrey listed as manager. Grain prices and open high low close data for July September December and May wheat oats and barley shown with previous close figures. Cedar Rapids Merchants National Bank building office noted.
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