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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 24, 1945
Page
8
The National Association of Real Estate Boards reports housing is the top civilian need. A shortage of single family dwellings spans 98 percent of cities, with 91 percent expecting shortages six months postwar. Small-scale construction could ease pressures, while war housing and policy hinder supply.
Eastern Iowa market notes show quotations not as firm bids but price ranges from recent trades. Highlights include various bond and stock movements with emphasis on liquidity and sector activity across the region.
The North Western railroad moves to replace cupolas on freight cabooses with bay windows as part of overhauls. L. L. White, VP of operations, says visibility improves with taller freight cars. The cupola originated in 1863 on a Cedar Rapids to Clinton run and became standard nationwide.
Libbey-Owens-Ford disclosed that ordinary plate glass has been used during the war to make lenses prisms Norden bomb sights aviator goggles and periscopes. The Toledo plant produced 2,000,000 prisms and 35,000 windshields along with 4,000 B 29 nose assemblies as part of a shift from traditional optical glass to precision flat glass processes.
New York report describes U S surplus property sales as a global bargain basement for American businessmen. Buyers bid on machine tools, planes, and household goods via RFC and Commerce Department offices across 11 regions. Sealed bids, sample displays, and depot tours shape the nationwide sale plan.
Chicago produce market reports steady butter receipts at 12.697 tubs with multiple grade scores, cheese quotes for Twins Daisies longhorns at 25.2 to 26 cents, potatoes arrivals with light offerings and firm market, California long whites at 3.91 per unit and 4.19 for commercials, Arizona long whites at 4.49.
Chicago livestock market receipts show hogs at 4,200 with top price around 14.75 and heavy bids near 14.65, cattle receipts 500 with beef steers 16.50 to 18.00, calves 100 and other cattle values listed. sheep receipts 3,100 with choice lambs around 14.80 to 15.35 and feeder lambs 11.50 to 13.50.
A. L. Geiger chief engineer of the Voss Washing Machine plant in Davenport will speak to the Cedar Rapids chapter of the American Society of Tool Engineers at a June dinner meeting at the Roosevelt hotel. His talk titled Tool and Die Design will stress designing products to aid tool and die work. After dinner speaker will be W. Z. Fidler of Reynolds Engineering Rockford Illinois. Dinner starts 6:30 p.m. with a technical session at 8 p.m. Prospective members are invited.
Cedar Rapids bank clearings totaled 3,553,387.11 dollars for the week ending June 23, rising from 2,509,745.26 dollars the prior week. The year earlier week ending June 24, 1944, amounted to 3,432,554.19 dollars according to Clearing House reports.
The Cedar Rapids May business report from the Chamber of Commerce shows inbound carloadings down while outbound carloadings rose from April. Employment across 20 firms fell by 147, postal receipts increased by about 8000, and real estate transfers lagged April totals. Except for employment, outbound loadings and building permits, May 1945 figures exceed last year.
Clemson college researchers develop a low cost enrich program to add vitamins and minerals to corn meal and grits in South Carolina. Enrichment aims to provide niacin B-1 B-2 iron calcium at about ten cents per person yearly, using small mills and new machinery to blend nutrients into finished meal and grits.
Brig. Gen. Leonard P. Ayres of the Cleveland Trust predicts postwar federal expenditures could be two or three times the 10 year prewar average. He notes a slow shift to civilian economy, with cutbacks from war contracts only a prelude to larger adjustments by next autumn.
Plymouth Wisconsin reports the army purchased 12 cars of cheese including nine cars of twins and cheddars at 28 4 cents per pound, two cars of square prints and one of midgets at 24 1/2 cents per pound, signaling wartime logistics.
After a long wartime spending surge, American shoppers pull back slightly though first half retail sales likely reach about 35.0 billion dollars, up over 8 percent from 1944. Declines stem from cutbacks in war industries, shortages in clothing and appliances, and looming end of price controls as WPB eases limits. Consumers await return of scarce goods and new civilian items in coming months while manpower shortages keep stores lean.
Linn county records from June 15 to June 22 show 68 conveyances and 26 mortgages totaling 671371.88 dollars. Compared to last year the same week had 80 conveyances and 28 mortgages totaling 123650.00 dollars.
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