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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Oct 02, 1955

Page

16

The Changed Climate in Washington Under Dewey

Market uncertainty follows election as economists stress that Eisenhower era policies may continue through 1960. Analysts warn consumer spending, corporate investments, and bank conditions hinge on political stability and potential policy shifts, with fears of disrupted growth despite past momentum.

Hicago Robert Cutler Ola Colony Trust Co Boston Thomas E. Dewey Sinclair Weeks Washington Dewey Burgess Homer J. Livingston First National Bank of Chicago ABA Fred W. Florence Republic National Bank of Dallas Eisenhower Hower White House

James Canfield Named To Association Board

James Y. Canfield president of the Acme Greeting Card Company of Cedar Rapids was elected to the Advertising Specialty National Association board at its fifty second annual convention. Iowa peers R H McCleery Robert E Yaw W F Vernon H A Lufkin and Frank P Spikins also joined the 16 member body with Yaw completing a year as president and Vernon chosen as vice president for the next year.

Chicago James Y. Canfield Acme Greeting Card Company Cedar Rapids Advertising Specialty National Association R. H. McCleery Mount Pleasant McCleery- Cummings Company Robert E. Yaw Souvenir Lead Pencil Company W. F. Vernon Vernon Company Newton H. A.lufkin Newton Manufacturing Company Frank P. Spikins Frank P. Spikins Company DeWitt Yaw Association Vernon

Mechanicsville opens MT Vernon TV and radio store

Ken Blake of Mt. Vernon opens a TV and radio store in the Memorial building, expanding local retail offerings and signaling business growth in the area.

Mechanicsville Ken Blake Mt. Vernon

Market Review: Dow Drops as Ike Illness Sparks Uncertainty

Theodore Koslow reports a historic weekly stock market drop led by the Dow and rail indices amid news of President Eisenhower's illness. Despite a Monday spike and subsequent rally, overall volume plunged and analysts warn of continued uncertainty, while some expect tax cuts and dividend gains to support a rebound. Analyst Heinz Biel cautions that high prices and political risk leave stocks vulnerable despite a big paper wealth loss.

New York INS Eisenhower Met Heinz H. Biel Emanuel, Deetjen and Co

Martin-Roasa Opens New Cedar Rapids Plant

Martin-Roasa Tractor and Equipment Company completed occupancy of its new highway equipment plant at 2600 Sixth Street SW Cedar Rapids. The facility serves 218 30 84 corridors and replaces the old 3117 First Avenue SE quarters likely leased to a grocery outlet. An open house will be announced and the plant's telephone number is 50551.

Sixth Street Cedar Rapids Martin-Roasa Tractor and Equipment Company Hawkeye Downs Martin-Roasa Iowa Missouri Rock Island First Avenue SE

Livestock Prices and Receipts Across Markets Mon

Unofficial Monday livestock receipts show hogs 11 000 cattle 23 000 sheep 3 000 in Chicago bids. Barrows and gilts 15.75 to 16.15 with sows 14 50 to 15 50. cattle steady to mixed with heavy weights weaker and cows up to 25. Sheep firm near 19. Des Moines reports Saturday receipts around 45 000 with top bids near 15 90 and varied weights for barrows and sows across ranges.

Chicago USDA U. S Eady Des Moines INS Cedar Rapids Tee Eeseestrs Salen Creitae Allis-Chalmers Gherry-Burrell Indus Collins Ollins Commonwealth Bank & Fras Opeland Cornell Paperboard Kia Uc Curtis Pruehaut Gen. Pub. Util Inter-Ocean Reins Inter-Ocean Sec. Corp. Com Interstate Power Ownec Iowa Elec Iowa Gas & Elec Iowa Tepes Beltowa Southern Util Bellumber Meredith Publishing Co National Oats Nicholson Abe Northern Ll. G Penick & Ford Quaker Oats Co Texas Gas W.c.f.&n. Inc Eeservers Gas Industrie Ass Invest Ass Fareey 2d Fa Inc Natl. Invest Itebalting Bectronte

Drewrys Wins Best 1954 Annual Report Award

In a fifteenth annual survey by The Financial World Drewrys Limited U.S.A. Inc. earned the bronze Oscar of Industry for the brewing sector. Carleton Smith, chairman of the board, will receive the award at the inward banquet in the Hotel Statler on October 24.

Drewrys New York Board of Financial World Drewrys Limited U.S.A. Inc

Chambers Plan Spending to Attract Tourists and Industry

A Curtis Publishing survey shows Iowa chambers will spend at least 18 250 this year to draw visitors and business. Cedar Rapids and Council Bluffs chambers report 1500 for tourism and 10 250 and 5 000 for industry respectively. Solon State Bank remodels with open house Saturday and George Worrell named bank director.

Iowa Curtis Publishing Company Cedar Rapids Council Bluffs Chamber Solon Solon State Bank George Worrell

Wall Street Bets On Dividends For 1955 Market Rally

Wall Street listening for test of last Monday's lows before a potential market advance. Analysts see higher prices supported by expected dividend boosts. Companies cited include Gillette American Home Products Reading Railroad Phillips Petroleum Deere & Company Paramount Pictures Southern California Edison Ohio Edison and others.

New York INS Wall Street Gillette Reading Phillips Petroleum Underwood May Aluminum Ltd British Petroleums John Bull Deere & Co Ohio Edison Hornblower William R. White Paramount Pictures Southern California Edison

Chicago Rock Island reports August net income rise

Chicago, Rock Island and Pacific Railroad Company posts net income of 1,696,274 for August, up from 1,191,835 a year earlier with gross revenues of 17,321,768 versus 15,913,586. Beatrice Foods Company reports record quarterly sales and profits to August 31 with net income of 1,345,406 and sales of 82,034,988, up from 1,263,276 and 74,713,856 in 1954.

Chicago INS Chicago, Rock Island and Pacific Railroad Company New York Beatrice Foods Company

Royal Blue Market Moves to New Building in Monticello

Eastern Iowa brief notes that Richard A. Long relocates the Royal Blue Market to a newly equipped First Street building with updated fixtures. D D Hupp leaves Manchester Great Plains Supply to become general credit supervisor for all yards in Brookings South Dakota. Others report openings moves sales and association meetings across Decorah and seven counties.

Monticello Richard A. Long First Street Manchester D. Hupp Great Plains Supply Company Brookings S. C Great Plains Strawberry Point James M. Raible Pittsburgh, Pa Omar Tap and Grill Hommy Omar Clarence Kreinbring- Doermann Insurance Agency William Ruther Law IGA Decorah Luther College Iowa Retail Hardware Association

August 1955 US laundry appliance sales set record high

Chicago based report shows home laundry appliance factory sales in August 1955 totaled 546,065 units, the industry’s highest month ever. August sales surpassed October 1950’s previous peak by five percent, per the American Home Laundry Manufacturers Association.

Chicago INS American Home , Laundry Manufacturers’ Association

Also Mentioned on This Page

Federal Reserve Board J A Livingston J. A. Livingston Cutler American Bankers Association National Security Council Old Colony Trust Stock Exchange Livingston Allyn P. Evans Lionel D. Edie and Company Evans W. Randolph Burgess the Treasury Florence America Eisen James Canfield Market Review Theodore Koslow John Donnelly & Company First Avenue Building P Re Investments Padacs Kose Hs DIAL Member National Association of Securities Dealers Ine Flake Products Corp Standard & Poor's Corporation John S. Vavra Company Midwest Stock Exchange New York Stock Exchange Merchants National Bank Gazette Photo Chicago Livestock C.R. Markets Iowa Theatre National Association of Securities Dealers, Inc Cedar Rapids, Iowa Randic Crandie Crandic Iowa City Crandic News WMT C.R. Chamber Eastern Iowa Business News Fae Bank Guaranty Ranty IR Federal Deposit Insurance Corporation
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