Comsat Stock Set to Trade on NYSE Tuesday
Comsat Communications Satellite Corp prepares for NYSE listing Tuesday as chairman Leo D. Welch auction their first 100 shares. The space oriented company aims to provide global satellite transmission with future contracts to AT T and RCA, and despite no profits yet expects service by 1966 with full operation by 1967.
MENTIONED IN THIS ARTICLE
EW York
New York Stock Exchange
Comsat—Communications Satellite Corp
Comsat
Congress
Leo D. Welch
At&t and
Radio Corp. of America
At&t
NYSE
American Telephone and Telegraph Co
Wall Street projections amid possible auto strike
The Alexander Hamilton Institute forecasts no severe market decline barring an extended auto strike. It cites limited downside volume and realistic revaluations in glamour stocks as constructive. Arthur Wiesenberger & Co. notes markets remain restrained and orderly despite sharp rises, predicting only a temporary pause in the long term uptrend. Leslie M. Pollack of Reynolds & Co. expects intermediate taps to hold until stronger contrary evidence appears.
MENTIONED IN THIS ARTICLE
New York
UPI
Alexander Hamilton Institute
Arthur Wiesenberger & Co
Leslie M. Pollack
Reynolds & Co
Iowa S and L League Opens 73rd Convention in Waterloo
The three day 73rd annual Iowa Savings and Loan League convention opens in Waterloo at the President Hotel with more than 300 savings and loan executives from across the state in attendance.
MENTIONED IN THIS ARTICLE
Waterloo
Iowa Savings and Loan League
President Hotel
Savings and Loan
Strawberry Point-Leon Goodell Buys Fo ley's DX Station
Strawberry Point DX tank wagon operator Leon Goodell purchases Fo ley's DX station at the location, expanding regional fuel distribution.
MENTIONED IN THIS ARTICLE
Strawberry Point
Leon Goodell
Foley
Equitable Life appoints Franklin M Brown district manager
Franklin M Brown named district manager for Equitable Life Insurance Society with Milan B Johnson announcing. The district covers Linn County and six neighboring counties. Brown leaves Brown-Raney agency where he held ownership. Brown is a chartered life underwriter and member of Equitable's million dollar corps. Chris Weinbrenner of Cedar Rapids earns Certified Professional Secretary CPS, administered by the Institute for Certifying Secretaries. Mrs Weinbrenner is secretary to L W Plekenpol at IBM Cedar Rapids branch. CPS total 3017 in US and Canada, 37 in Iowa, four in Cedar Rapids.
MENTIONED IN THIS ARTICLE
Franklin M. Brown
Equitable Life Assurance Society
Milan B. Johnson
Linn County
Brown
Brown-Raney Agency
Chartered Life
Equitable
Million Dollar Corps
Chris Weinbrenner
Forty-third Street
Institute For Certifying Secretaries
Department of the National
Weinbrenner Secretaries Assn
Weinbrenner
L. W. Plekenpol
Cedar Rapids
International Business Machines Corp
Cpss
U.S
Canada
Iowa
Cherry-Burrell Division Sold to Robertshaw Controls
Assets of the MagniLastic division of Cherry-Burrell Corp in Cedar Rapids were sold to Robertshaw Controls Co. Manufacturing equipment for metallic bellows and expansion joints will be moved to Robertshaw’s Fulton Sylphon division in Knoxville Tennessee. Some employees may transfer to Knoxville. Cedar Rapids sales in 1963 exceeded $600 000.
MENTIONED IN THIS ARTICLE
Cherry-Burrell Corp
Cedar Rapids
Robertshaw Controls Co
Robertshaw
Fulton Sylphon
Knoxville
Tenn
Baskin-Robbins 31 Ice Cream opens in Town and Country Center
Baskin-Robbins opens a new 31 flavor ice cream shop at Town and Country shopping center. Grand opening runs Thursday through Sunday with Jack Lambrecht as owner operator, part of the 273-store chain.
MENTIONED IN THIS ARTICLE
Baskin-Robbins
Town and Country
Jack Lambrecht
Iowa town Ridotto sells assets in four houses and ballroom
Iowa's Ridotto, the smallest town, owned by Cedar Rapids man and Danceland ballroom operator Darlene Oleson, is for sale at 28000 dollars. The four houses and a ballroom form the town's assets with a population of 15. Legally incorporated in 1950 to qualify for a beer permit, Ridotto has drawn nationwide attention from a Carson Tonight segment and offers from multiple buyers.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa
Ridotto
Darlene Oleson
Danceland Ballroom
National Ballroom Assn
Emmetsburg
Oleson
Johnny Carson
Tele
Laurens
Rockford
Ill
Ridoto
Another Korea unlikely to dramatically jolt U.S. economy
Sylvia Porter reports that while war fears could trigger some stock selling and policy shifts, historical comparison suggests a repeat of 1950s Korea is unlikely. Today’s solid demand, near-full capacity use, and far higher defense spending imply a milder impact on inflation, investment, and prices, with preparation reducing shock.
MENTIONED IN THIS ARTICLE
New York
Gulf of Tonkin
Wall Street
North Vietnam
Southeast Asia
Korea
U.S
Dawson
Timber land sale along Highway 30 to entrepreneur
Tama-Earl Spooner sold timber land about 10 miles east of Tama on Highway 30 to Richard Bordman of Belle Plaine. Bordman plans a house and wood carving shop on about 1514 acres. separate deals include hog yard and buildings sold by Charles Thorne Jr. Tama buyer Eddie Harden purchased part of Spooner's lot. Bendall and McCaleb formed Bendall McCaleb Co to run Lampert Yards and Elevator Co with McCaleb as manager.
MENTIONED IN THIS ARTICLE
Tama
Earl Spooner
Highway 30
Richard Bordman
Belle Plaine
Bordman
Charles Thorne, Jr
Spooner
Toledo
Eddie Harden
Harding and
Thirteenth Streets
Urbana
Lee Bendall
Bendull and Sons Feed
Stan McCaleb
Vinton
Lampert Yards and Elevator Co
Lampert Yards
St. Paul
Bendall- McCaleb Co
McCaleb
Delta-Laverne Shipley Buys Gatewood Novelty Store
Delta-Laverne "Tobe" Shipley and his wife own Tobe's Cafe and the Delta grocery. They have purchased the Gatewood Novelty store from Mr and Mrs Herman Gatewood who ran it for fourteen years.
MENTIONED IN THIS ARTICLE
Delta
Laverne ‘Tobe’ Shipley
Tobe’s Cafe
Delta Grocery
Gatewood Novelty
Herman Gatewood
The
Gatewoods
Cedar Rapids Bank Clearings Jump Over Year Ago
Bank clearings in Cedar Rapids for the week ended Sept 4 totaled 11,636,162 up more than 2 million from 9,628,896 for the same week last year. The week ended Aug 28 totaled 9,295,706.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Computer speed compares two minutes to 50 years of pencil work
A computer expert in New York estimates that two minutes on a computer equals about 50 years of manual pencil work at eight hours daily and a forty hour week, highlighting vast productivity differences.
MENTIONED IN THIS ARTICLE
New York
UPI
Also Mentioned on This Page
Richard L. Graves
Keith Funston
Exchange
Funston
Washington
Johnson
Iowa S&l
Cherry-Burrell Division
Robert W. Roberts
Cadillac Plastic and Chemical Co
Detroit
W. R. Grace
Cryovac Western Division
Hercules Powder Co
National Cash Register Co
Donald R. Calkins
Carl D. Tesch
William R. Davis
John Hancock Mutual Life Insurance Co
John Choate
James Kirby
Steitzer Lincoln- Mercury
Ronald L. Saylor
Roy Saylors
Tenth Street NW
Davenport
Betty, Neuman, Heninger and McMahon
Gene Brown
Eugene Brown
P. O
Love Guardsman Life Insurance CO
Associated Press
Darlowe Olseon
By Sylvia Porter
Review
James M. Dawson
National City Bank of Cleveland
Eastern
Iowa Business News
Janda Electric Motor Service
B Ave
Securities Corporation of Iowa
Merchants National Bank
Russell F. Knapp
Pres. & Treas
Clyde R. Sanborn
V.P. Frank Koubs
Frank Filip
V.P
Dorothy Hovey
Sec'y le Plaine
Imvest
Morkeis
Thriet
Seuee
Allis-Chalmers Peer Eteerers
Cherry-Burrell Collins Radio
Collins
Owa Electric L
Elec
Link-Bellowa-Illinois Gas
Martin Marietta
Tde
Maytag McKesson & Robbins National
Penick & Ford
Ba Procter & Gamble
Uaker
Abi
Staley Weyerhaeuser Wilson & Co
Clinton
Craig Systems Excel Investment
Lowe Fisher
Towa Southern Seryienttien Pester Lite Investors of Owe
Meredith Rans
Midwes Seer Tes
Pettibone Mulliken
Nissen
Thermogas Wis
Laser Fa Ose Hd
Mutuel Rust Fd
Atom Ph & Fd
Axe Fu
Fund B
Sci & Lectrito
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Canadian Fund
Chase Fd
Chemical
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Oronias Rm
Concemneeas Funds
Intl & Gentee
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Reyfus
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Eaton & H
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Shawe Fid
Fondaratt
Group Securities
Ene
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Ham
Imperial Ca
Imperial Necorp
Incorp Invest
Invest Trie
Inyeeergroup
Utget
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An Invest Resea
Johnson Keystone Rer
Mass Life
Natl Inves Way
William
Oppenheim Fd Philand
Price
TR Grth
Puritan Fund
Putnam
Scudder
Tr Bos
uUpe 'Sn
Texas
Wellington
Fda
Whitehall
Crandic News
Crandic
Crandie
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