Iowa business brief highlights executive moves and stock actions
The Cedar Rapids area reports several leadership changes across firms including Chesler N Affeld appointed VP and GM of a local utility, and Calvin Moore named manager of Prudential real estate investments in Madison. Mentions of plant engineer Robert W Murdock at Abi tibi Corp and stock purchases by Lefchure parent Walter Kidde Co highlight scattered corporate activity.
MENTIONED IN THIS ARTICLE
Mercy
Inland Steel Co
Chicago
Atlas Steel, Ltd
Welland
Ontario
Phoenix Manufacturing
Jonel
Iowa Steel Mill
Cedar Rapids
Iowa Steel
Robert W. Murdock
Abitibi Corp
Roaring River
N. C
Celotex Corp
Suibury
Penn
Calvin Moore
Prudential Insurance Co
Prudential
Madison
Wis
Walter Kidde
Rapids Chevrolet Purchases and Credit Union Milestones
Rapids Chevrolet buys 825 A avenue NE from Sed Enterprises and 827 A avenue NE from Wilma Spielman. Sed purchase effective June 1 and Spielman May 4. Rapids’ office acted as agent in 1939. he became sales manager in 194? and district manager in 1954. Cedar Rapids SCORE to hold May 21 meeting at 10 a.m. at Cedar Rapids Chamber of Commerce. Ok Aillon Industries reports six months results with per share data and restaurant chain McDonald’s first quarter earnings.
MENTIONED IN THIS ARTICLE
Cedar Rapids Score
Service Corps of Retired Excettives
Cedar Rapids
Coca-Cola Eyes Foreign Ventures Amid Capital Buildup
Coca-Cola Co. chairman J Paul Austin told the annual meeting the firm may pursue pigint ventures abroad using its high accumulation of capital. He did not elaborate on specifics.
MENTIONED IN THIS ARTICLE
Wilmington
Del
UPL
Coca-Cola Co
J. Paul Austin
Austin
Market Dips On Investor Worries And Indictment Spark
The stock market fell last week with the Dow closing at 927.89 on Friday, down 25.29 from the prior week. The Associated Press average slipped to 302.5, down 7.1, as analysts cited worries over steel prices, Fed discount rates, and the indictment of former cabinet officers.
MENTIONED IN THIS ARTICLE
Associated Press
Federal Reserve
Slight Drop in Sales in April
Retail sales in April fell slightly to 41.39 billion dollars from March 41.04 billion but were 14 percent higher than a year earlier. Durable goods led the dip with 36 billion dollars in April, down from March. Non durable goods stores posted 26.97 billion, little changed from March.
New York Times business index slips in early report
Times Index New York shows a decline in overall business activity to 892.4 from 392.6 a week earlier while the year prior stood at 474.0. The accompanying table lists the index and its components with adjustments for long term trends and annual variations.
MENTIONED IN THIS ARTICLE
New York
New York Times
Driving Care Nets Impressive Gas Mileage Record
In La Crosse Wisconsin Carl Schneider of Bella Import Motors proves careful driving yields high mileage. A VW test car covered 277.8 miles on 10 gallons averaging 27.78 mpg with six drivers at the wheel. The event sponsored by the dealership offered 200 gallons of gasoline to the grand winner who achieved 47.2 mpg equivalent.
MENTIONED IN THIS ARTICLE
Deerfield
Volkswagen Deater
la Crosse
Wis
Carl Schneider
Sehneider
Bella Import Motors, Inc
LaCrosse
Volkswagen Beethe
Pups
Itsee Jrun
Sir LaCrosse
Schneider
Union-Wilheimer Meat expands after USDA inspection
Wet Union Wilheimer Meat Products of West Union launches broader operation following May 3 USDA inspection led by President F J Robinson. The firm plans expanded territorial coverage and appoints Sullivan Jr as general manager amid corporate reorganizations and plant leadership changes at Filtra Corp and related divisions.
MENTIONED IN THIS ARTICLE
Wilheimer Meat Products, Inc
West Union
USDA
F. J. Robinson
Plains Fn
Doling Sullivan, Jr
J. Trenkle Co
Dubuque
Hygrace Food Products, Inc
Chicago
Manchester
Prestolite Battery Division
Filtra Corp
W. P. Brumback
William J Bores
William D. Hawking
Peoples Bank Declares 2 Percent Stock Dividend
President Ved Welch announced that Peoples Bank and Trust Co. approved a 2 percent stock dividend raising capital from $1,000,000 to $1,200,000 and shares from 51,000 to 60,000. Surplus rose from $2,000,000 to $3,000,000, expanding lending capacity to $700,000 per borrower.
MENTIONED IN THIS ARTICLE
Ved Welch
Peoples Bank and Trust Co. Board of Directors
Welch
Additon
Plastic canteen replaces old aluminum flask in armed services
Thirty years ago the plastic canteen replaced the older aluminum flask used by armed services personnel. The change marked a shift to lighter, more durable drinking vessels in military supply.
MENTIONED IN THIS ARTICLE
Armed Services
Soybean and grain futures rise on Chicago Board last week
Chicago Board of Trade weekly review reports soybeans and related products reaching near historic highs. Wheat, corn, oats and soymeal futures also climbed modestly while soybean oil and meal showed strong gains, with May contracts outlining gains across multiple grain categories.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Blade
Also Mentioned on This Page
Business News
Lowd Magazine
Iowa
Wleelrnc Light
Chesler N. Affeld
Terry Sleet Mill, Inc
and Power Co
Drive St
Forbert A. Wilson
For
Agga
Serviet
The
Cedar
Herbert Wilson
Howard Arnizen
Linn County Abstract Co
Iowa Land Tire Assn
Art Directors Assn. of Town
Denis Hagen
Park Towne Lane
Advantage, Inc
University of Town
Jinc
Fort Madison
Jawa
Jowans al
Princicipal
Distrib-Acamper, Inc
Kidde
Quaker Oals Co
Hel
Network Data Network Data Processing Corp
W21
Third Street SR
Rapids’ Purchase
Aillon Industries, Inc
McDonald's Car
Chester Affoldt
Coca-Cola
Jackson State Bank & Trust
Maquoketa
Morris Plan
LeaseAmerica Corporation
MorAmerica Capital Corporation
MorAmerica Mortgage Company
MorAmerica Financial Corporation
Peter F. Bezanson
American
Lawto Lindia Finaneial Group
James M.devine
Richard G. Neighton
Third Street
Godar Rapids
Landis Financial Group, Inc
DOW Jones
Lebdedetes Tasond Jem Ami
Washington
Commerce Department
Minneapolis
Minnesota
North Dakota
Montana
Awa
Nebraska
Wisconsin
Dain, Kalman and Quail, Inc
Minnneapolis
Eastern
Iowa Business News
Peoples Board
Service Press & Litho
3Rd Street
Board of Trade
Brondupont
herry-Durrell
Excel Investmen
Executive
Ener Unive
Inwa
Mapes
Sapeso Insurance
Wes Rolston
Stogmar
Lbston
First Avenue
Hawkeye Land, Ltd
Iowa Corporation
Crow Valley
Anamiosa
Carl Stoltz
Gak Sk
Aettendorf
Ronald Glassen
Chateau Knoll
Diane L. Dohrn
Slavens Manor
Bernard Voge
John Truitt
Holmes
Mila Adioman
Har Bolger
Jim Dudgeon
Earl A. Schacter
Nat Box
Brooklyn
Burlington
Robert Anthony Gilla
Hawkeye Village
R. Wayne Everett & Associates, Inc
Durvoue
Francis
Main Gabnavillo
Laery Gull Garner
Byron Gretan
Gowrie
Russell Nori
RFE
A Hospers
Busan Lostie Gulchar Independenge Soba Non Halland Aa - Ist
E. Jefferson
Gattell-Bryan
Gerald Sehaort
Mason City
Ene Mechanicsvicle
Steven Snahusen
Monticello
Ak Flam
Mt Pleasant
Onan Hebe
Harrison, Vara Muscating
Thames Masters Bae
Mewondon
Charles H. Shum
Newton
Aon Wisgathol Yat Avnauin
Onli
Luis Kenp Bek
Otturwa
Agno
Kianoy IR Od Sargessena
Harnell Thorman Sporn DY Karter Cert
Perry
Harry Garnpy
Fico Gak
Erry We
Cherry St. ST. Charles
Huge Uitke
Sheldon
Grvilla Ver Hoet
St. Spencer
Don McLeod
Stuart
Robart
Hawkeye Land
N. Wayne Everett & Associates, Inc
Betlandort
Lawn
Pinos
tHawkeya Land, Ltd
Jowans
R.V. Financial Services, Inc
Th. R.V. Financial Services, Inc
Marion
Town
RV. Financial Services, Inc
Lawa
Adseieont
Tolaphana
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