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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 24, 1945
Page
2
The National Association of Real Estate Boards reports housing remains the top civilian need with a 98% of cities facing single family dwelling shortages. Six months after the war many cities expect ongoing shortages, and small additions of desirable homes could ease postwar pressures.
Eastern Iowa market notes show price ranges from recent trades for stocks and bonds. The quotations are not firm bids or offers, but reflect ongoing activity and recent transaction levels within the period covered.
In Toledo Libbey-Owens-Ford disclosed that ordinary plate glass was used for lenses prisms and other optical components during the war with army and navy approval. The firm described mass production of precision glass including 2 000 000 prisms since the program began and the creation of windshields cabin assemblies for aircraft and armored glass capable of withstanding high caliber fire.
A. L. Geiger chief engineer of the Voss Washing Machine Davenport will speak at the Cedar Rapids chapter dinner meeting at the Roosevelt hotel. His topic is Tool and Die Design focusing on designing products to aid tool and die design. After dinner speaker W. Z. Fidler of Reynolds Engineering Rockford will also speak. Dinner at 6 30 p.m. technical session at 8 p.m. Prospective members invited.
Thousands of American businessmen seek surplus property at the nation’s largest bargain basement. RFC and the commerce department sell planes, machine tools, equipment, and consumer goods with sealed bids and regional offices guiding buyers through depot inspections to meet sale deadlines.
Special to The Gazette reports the North Western Railroad will replace cupolas on freight cabooses with bay windows during shop overhauls. The cupola, first used on a Cedar Rapids to Clinton run 82 years ago, was devised by T. B. Watson in 1863 and became standard in American railroading.
Chicago butter receipts reach 12.697 tubs with steady tone as extras and firsts vary in score from A to AA. Eggs show 19.872 cases on a steady path with price spreads around 32 to 38 cents. Cheese runs Twins to longhorns at 25.2 to 26 cents. Potatoes arrivals total 51 on track with light offerings and firm market. U S long whites and sacks priced at top levels with California and Arizona lots noted.
Chicago hog receipts total 4 200 with top prices around 14 75 and steady bulk. Sows and pigs show mixed values from 12 25 to 14 75, while cattle and feeder goods edge from 8 50 to 16 50. Sheep receipts near 3 100 with prices from 6 00 to 18 38, feeder lambs around 11 50 to 13.
Bank clearings in Cedar Rapids for the week ended June 23 totaled 3,553,387.11 dollars, up from 2,509,745.26 dollars the prior week. The year ago week dated June 24, 1944, recorded 3,432,554.19 dollars in clearings, per Clearing House reports.
The May consolidated Cedar Rapids business report from the Chamber of Commerce shows a mixed performance. Inbound carloadings fell sharply while outbound shipments rose from April. employment across 20 firms declined by 147. postal receipts rose by about 8000. real estate transfers lagged April. May 1945 figures were higher than a year earlier except for employment, outbound carloadings, and building permits.
Clemson researchers, led by Dr. E J Lease, develop a mill enrichment process to add niacin riboflavin B1 B2 iron and calcium to corn meal and grits for cheaper nutrition in the South. The program, first in 16 states, uses small machines installed at 18 dollars each. wartime vitamin demand delayed rollout.
Cleveland Brig Gen Leonard P Ayres economist with Cleveland Trust writes in his Business Bulletin that postwar federal expenditures could be two to three times the prewar 7.8 billion annual average. He notes the economy remains military dominant and civilian shift will be slow with wartime contracts ending gradually and not offsetting the upcoming rise in civilian spending.
A fragmented Wisconsin cheese listing from Plymouth shows a mixed selection with prices. It notes nine cars of cheddar at 23 4/4 cents per pound and two cars of square prints and one of midgets, with a price around 24 and a quarter cents per pound.
American civilians are easing wartime spending after a burst since Pearl Harbor. First half sales may total about 35 billion dollars, up over 8 percent from 1944, though declines in recent months stem from cutbacks and shortages in clothing, linens, appliances, furniture, metal products, and food.
Conveyances and mortgages recorded in Linn county for June 15 to 22 reported by Linn County Abstract Company show 2 mortgages totaling 67 371 88 dollars versus 23 mortgages totaling 123 650 00 dollars in the same week last year.
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