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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 09, 1952
Page
1
A Washington analyst explains the nation faces an inventory lull as households cut back after wartime buying. Prices ease in butter eggs meat and metals while defense mobilization keeps some employment steady. Retail stores report slower clothing and home furnishings sales and private expansion plans may retreat later this year.
The Chamber of Commerce of the United States recommends sensible regulation rather than municipal bans on house to house selling. A study cites a recent Supreme Court decision upholding an Alexandria Louisiana ordinance restricting door to door solicitation to invites. Prohibitions may invite broader controls harming firms that call on private homes.
The Chamber of Commerce of the United States reports industry profits avg 4.4 percent on assets. It also notes workers receive six times as much in wages as owners receive in dividends, in the division of corporate income.
At Willow Run, Kaiser-Frazer unveils autos and the C-119 Flying Boxcar in a guns and butter operation. The plant aims to raise employment from 17,000 to around 25,000 as 14 production stages and 65 percent of C-119 airframes shift to Willow Run. Henry Kaiser and Edgar Kaiser speak at dedication while Mrs. Ralph Williams christens the ship honoring her Korea war casualty son.
The column lists varied price ranges for numerous Eastern Iowa stocks and bonds. Notable mentions include Curtis Co., Iowa Elec Co, Inter-Ocean Corp, Fruehauf Trailer, and Wells Fargo related funds, with historical note recalling Strowger’s 1891 dial telephone debut in La Porte Indiana.
Munich designer Rudolph Haller plans production of the Taifun a luxury streamlined auto with left hand drive and a house bar. The four exhaust pipes and 40 horsepower compressor engine promise a top speed of 200 kph. Heinz Freund of Berlin showcases an electronic nail detector that flags metal particles in tires by registering their location with a high frequency current meter.
New York reports mixed signals as spring policy shifts ease controls on housing and construction, lift metals allocations, and hint at looming price controls. Wage boosts in steel and rising consumer spending aim to stimulate lagging goods while defense drives hard goods. Investors face overbidding in new issues and a thin market with cautious outlook.
A quarter of Americans live in communities with a steel mill, reflecting the industry’s wide local footprint and economic influence across the nation.
Belle Plaine McCammant buys Ford tractor and Dearborn farm equipment agency from Elmer Jones and renames it McCammant Tractor Company. Oxford P A Klenk sells barbershop to James Rourke after 44 years. Decorah new men’s shop opens April 1 in former Piggy Wiggly building. Mt. Vernon Don's Radio and Television sold to Carlyle J. Rockwell of Cedar Rapids. Hazleton Hodge Restaurant changes hands to Mrs Donald Hodge. Belle Plaine Studebaker garage bought by John Lowder from McCory Oil. Postville Lester and Mrs Lester Kipp buy The Palm. possession April 1. Decorah Woolworth honors 25 years service for manager Howard Smith. Mt. Vernon Cradall tavern and Northside tavern sold to Ralph Busenbark and John Woods. Ossian Delbert O Shaughnessy leases Calmar Conoco station. Aurora Artesian creamery hires Charles Bird as buttermaker and manager. Volga Robert Garris sells tavern to H H Eder. possession Saturday. Chelsea L A Brush elevators bought by Robert Werner and A C Froning. Werner to manage Chelsea. Sigourney Joe Doud takes barber job at Ralph Ruby shop. Urbana Dale Hopker buys Lloyd Lovell tavern. Ossian Jefferson bus station moved to Ossian hotel. Postville Allamakee Clayton Electric cooperative holds 14th annual meeting. three directors elected. Postville Hubert Luhman buys half-interest in Commercial hotel. becomes sole owner. Manchester Kenneth Woolridge wins first place in window display contest among 1,000 dealers in nine states. Nativity scene wins garage display.
Pat McPartland lauds Iowa driver training as high schools adopt dual controlled cars funded by dealers. State results show a 20 percent drop in teen fatal accidents since program start, with 104 teen fatalities in last year compared to 130 in 1948. Agencies and dealers nationwide support this cooperative effort.
Bank clearings in Cedar Rapids totaled $4,691,521.76 for the week ended March 8, down from $4,820,276.29 a year earlier. The prior week ending March 2 posted $4,963,544.51.
Federal state and local governments will spend at least 90 billion dollars this fiscal year, about one third of national income. The amount exceeds what the entire population spends on food.
Goa's mineral output will reach one million tons per year after completion of a new modernization program. Chowgule and Company of Marmagoa harbor has concluded an agreement with a Japanese mining concern for the 1 869 000 dollar mechanization work. Authorities here refused to name the Japanese firm.
Washington (UP) Crop dusting and forest fire control air plane pilots have been added to the labor department list of draft exempt critical occupations. Secretary Tobin said these pilots are important for expanded food and fiber production. The list guides deferments decisions for the defense department local boards use it to exempt draftees.
Government spenders run up expenditures during working hours while the public debt nears 258 billion dollars, rising steadily as the fiscal year progresses. The pace suggests continued upward movement in the national debt despite sleep time and other restrictions.
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