Business Gains Slip Amid Unseasonable Weather And Tense Markets
THOMAS E. FLANAGAN notes uneven retail gains, limited by Easter timing, with motor output dented by unusual weather. Commerce reports year over year gains but caution dominates wholesale centers as European tensions unsettle markets. Unemployment remains a barrier while railroads show modest improvements and bank lending nudges up, though credit flow remains slow. Sears March sales hit peak for the period. industrial production shows strength versus early 1938.
MENTIONED IN THIS ARTICLE
Commerce Department
Wall Street
U. S. Chamber of Commerce
National Industrial Conference Board
Association of American Railroads
Jesse Jones
RFC
Roosevelt
Sears, Roebuck and Company
Bank Clearings Show Slight Weekly Gain in Cedar Rapids
Cedar Rapids clearing house reports total local clearings of 1,093,306.22 for the week, up from 1,051,204.49 the prior week ending March 25, but below the 1,114,631.01 figure for the week ending April 2, 1938.
MENTIONED IN THIS ARTICLE
Cedar Rapids Clearing House
Stark Construction Wins Sterling Illinois Sewage Ejector Work
Stark Construction company of Cedar Rapids secured the Sterling Illinois contract to build two ejector stations for sewage treatment. The bid totaled 11756 dollars.
MENTIONED IN THIS ARTICLE
Stark Construction Company
Cedar Rapids
Sterling, Ill
Bedell-Nissen Sells Seven Homes in Last Week of March
Bedell-Nissen reports seven house sales in the final seven days of March. Among properties sold are 120 Thirtieth Street SE to R. E. Choate. 1313 B Avenue NE to Mrs. Annabelle Coover. and 852 Eleventh Street NE sold by Howard Bacon to the Perpetual Savings and Loan Association, which plans possession April 23. Additional transfers include 1130 Ninth Street NW to Harry S. Bickal with possession May 1, 1337 Ellis Boulevard NW to R. P. Matthews with possession by April 15, and 1506 Fourth Avenue SE to Geraldine Amis. Details show Bacon previously bought 904 Fifth Street SE from the association.
MENTIONED IN THIS ARTICLE
Bedell-Nissen Company
Thirtieth Street
Gertrude Kilborn
Park Avenue
R. E. Choate
Blake Boulevard
B Avenue
A. G. Chessman
Annabelle Coover
Eighth Street
Eleventh Street
Howard Bacon
Perpetual Savings and Loan Association
Mr. Bacon
Fifth Street
Ninth Street NW
Harry S. Bickal
D Street NW
Ellis Boulevard
R. P. Matthews
Twentieth Street NW
Fourth Avenue SE
Geraldine Amis
Lumber Company Erects Building at Marion Site
Spahn and Rose Lumber company at 1405 Seventh Avenue Marion announced plans for a new frame building 60 by 100 feet to house the lumber shed and business office. A temporary office opened last Thursday on the northwest corner during demolition of the old structures.
MENTIONED IN THIS ARTICLE
Spahn and Rose Lumber Company
Seventh Avenue
Marion
George Alberts Opens The New Parksons
George Alberts opened The New Parkson s at 406 Second Avenue SE as owner and manager. He bought the business from Reid L Parks and plans short orders tobaccos and beverages aiming to be a sports fans rendezvous. Alberts, a Cedar Rapids resident for twelve years, came from sales at Birch Biscuit Company.
MENTIONED IN THIS ARTICLE
Parkson
Second Avenue SE
George Alberts
Alberts
Reid L. Parks
Cedar Rapids
Birch Biscuit Company
Manchester Property Sales Reported
MANCHESTER Le e Duncan a local sign painter has bought the store building on North Franklin street formerly owned by Lin coln Smith of Edgewood and will remodel it for use as a sign shop. The building near the Illinois Central depot which he formerly used has been sold by John M Brayton owner to George H Barr lumber dealer. Arthur Hartman and Robert Davis have leased the White Spring dance hall and tavern two miles west of McGregor on Highway 13 with immediate possession.
MENTIONED IN THIS ARTICLE
Manchester
Lee Duncan
Franklin Street
Lincoln Smith
Edgewood
Illinois Central Depot
John M. Brayton
George H. Barr
Arthur Hartman
Robert Davis
White Spring
McGregor
Highway 13
Concrete Materials Co Doubles Office Space in City
The Concrete Materials Co expands its offices by renting additional space at 405 Granby, doubling the quarters built last November. The new space takes over much of the room formerly used by M. Scheer, a tailor who closed his shop due to illness.
MENTIONED IN THIS ARTICLE
The
Concrete Materials Company
Granby Building
M. Scheer
Clare R. Marshall to Speak to Realtors
Clare R. Marshall president of the Cedar Rapids Chamber of Commerce will discuss the chamber's 1939 civic development program Monday noon at the Cedar Rapids Real Estate board luncheon at the Y.M.C.A.
MENTIONED IN THIS ARTICLE
Clare R. Marshall
Cedar Rapids Chamber of Commerce
Cedar Rapids Real Estate Board
Stocks Squeezed Down During Week
Stocks on the New York exchange fell sharply as nervousness over foreign events and domestic issues drained more than 3 billion dollars from market value. Bonds dropped to new 1939 lows while U.S. government funds rose to record highs. The week saw a volatile pattern with a Friday selloff and only modest gains from a Saturday rally fueled by anticipation of Hitler’s speech.
MENTIONED IN THIS ARTICLE
New York
New York Exchange
U. S
Reich
Hitler
Al Kretschmar Opens New Service Station
Al Kretschmar opens the Acme Super Service Station at the southeast corner of Second avenue and Fifth street SE replacing Instant Auto and Tire, which operated here for ten years. The building is owned by E W La Plant and Cities Service products will be sold. A W Weiss of Instant Auto will have temporary offices at 421 Second avenue SE.
MENTIONED IN THIS ARTICLE
Acme
al Kretschmar
Second Avenue
Fifth Street SE
Instant Auto
E. W. la Plant
Davenport Couple Buy Charles Lynott Home in Davenport
Mr and Mrs Willis Whittenbaugh of Davenport purchased Charles Lynotts English bungalow at 517 Twentieth Street NE and will take possession May 1 The sale was through Mrs Elizabeth Giblin Whittenbaugh was named manager for the Investors Syndicate succeeding Edward W Lockner who has been promoted to assistant divisional manager.
MENTIONED IN THIS ARTICLE
Willis Whittenbaugh
Davenport
Charles Lynott
Twentieth Street
Elizabeth Giblin
Whittenbaugh
Investors Syndicate
Edward W. Lockner
Property Sales Report for Iseminger and Bluffview Lot
Ernest C. Iseminger sells 1027 F avenue NW to Dale M. and wife for 321 Sixth avenue SW through Tait and Wagner company. Also reports sale of Bluffview lot 27 near Thirteenth and Valley streets NW to L. H. Giem of 932 L street SW, previously owned by Susan W. Hubbard of Chicago and Sophia W. G. Lindsay of Van Nuys California.
MENTIONED IN THIS ARTICLE
Ernest C. Iseminger
F Avenue NW
Dale M. McMeeken
Sixth Avenue
Tait and Wagner Company
Bluffview Addition
Thirteenth Street NW
Valley Street
L. H. Giem
L Street
Susan W. Hubbard
Chicago
Sophia W. G. Lindsay
van Nuys
Calif
Metals Markets Report Steady Copper Tin Lead Zinc Prices
Copper holds at 11.35 spot and 10.35 export in New York with tin steady 46.60 spot and 46.55 forward. Lead steady with 4.85 to 4.90 in New York, 4.70 East St. Louis. Zinc steady at 4.50 East St. Louis spot and forward. Pig iron aluminum antimony quicksilver platinum and Chinese wolframite unchanged.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Week's Most Active Stocks Decline Prompts War Fear Reactions
War fears and doubts of Washington aid toppled the New York stock market in the last week, echoing a year ago when climactic selling peaked on March 31 then rallied. The report notes a sharp weekly decline with a basis in the 15 most active stocks and mentions Saturday's rise sparking cautious hope for a repeat rally.
MENTIONED IN THIS ARTICLE
Washington
New York
Local permits issued last week list numerous dwelling upgrades
The local blog reports permits granted in the prior week for both residential and commercial projects. Names include Clara Muir and Joe Cepowsky with addresses across NE SE SW and TW NW, detailing reroofs remodels new dwellings garages and repairs with sums ranging from 100 to 10 000 dollars.
MENTIONED IN THIS ARTICLE
Clara Muir
P. M. Lattner
Sixteenth Avenue
Liebke and Taylor, Inc
Second Avenue
EL ‘Wasta
1830
Avenue
Belle Giberson
Fourth Street
Frank B. Jansa
First Street
L. L. Coryell and Son
First
Frank J. Baldwin
Thirtyase Street
W. H. Ray
Twenty-fifth Street Drive
J. C. Turner
Eighth Avenuue
Turner
Eighth Avenue
Herbert Stamats
Linden Drive
Francis A. Benjamin
George Hess
E Avenue
W. M. Brost
Twelfth Street
Allen B. Curran
Washington Avenue
Mrs Martin buys apartment building in Washington area
Miss Ethel Martin, who recently sold her home at 323 Twenty fourth street NE, has purchased the apartment building at 1719 Washington avenue SE formerly owned by A. E. Hochlander. The sale was made through Floyd H. Knapp, realtor.
MENTIONED IN THIS ARTICLE
Ethel Martin
Twentyfourth Street
Washington Avenue
A. E. Hochlander
Floyd H. Knapp
Local Securities Price Ranges From Recent Trades
The Gazette lists non firm bid quotations for issues including Central States Power and Light Interstate Power Iowa Public Service and Tow a Public Service with yields and percentages. Various utilities from Sioux City Waterloo and Western Grocer Co appear with price ranges and series notes for investors.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Iowa
Central States
Pr. É& Lt. Ae
Interstate Power Co
Iowa Public Service Co
Towa Public Service Co
PSA
Towa Southern Utilities
Towa Southern “Utilities
Town Southern ‘Utilities Co
Wesence
Oh Town University Stadium
Sioux City Gas & Elec. Co
Waterloo
Cedar ‘Pails & Northern
Atocks
Wheat Prices End Mixed After War Impact
Wheat prices recovered some losses late Saturday but still closed with fractional declines after sharp drops earlier in the session tied to wartime sentiment. May wheat slid to around 67 1/2 cents before a partial rebound, with soybeans and other grains showing varied moves across Chicago and Minneapolis cash markets.
MENTIONED IN THIS ARTICLE
Chicago
INL
Hitler
May
Winnipeg
Liverpool
Rotterdam
Buenos Aires
Dr Pepper Bottling Co Leases New Quarters in City
The Dr Pepper Bottling Company took a five year lease on the 1701 C Street SW property owned by Joseph Frycek and will move in April 15 after remodeling is finished. The lease was arranged through Malcolm V Bolton and Company. Paul's Service Garage, former tenant, moved Sunday to 1507 C Street SW.
MENTIONED IN THIS ARTICLE
The
Dr. Pepper Bottling Company
C Street
Joseph Frycek
Malcolm V. Bolton and Company
Paul's Service Garage
Bjornsen Home Sold by A A Doolittle and Co
Sale of the residence of I. J. Bjornsen at 640 Thirty-third Street NE to Herbert L. Hintze at 1258 Elmhurst Drive NE was reported closed last week through A. A. Doolittle and Company. The same firm handled the sale of the Charles J. Cerney home at 1129 Tenth Street NW to Otto Gustafsson of 858 Fourteenth Street NE.
MENTIONED IN THIS ARTICLE
I. J. Bjornsen
Thirty-third Street
Herbert L. Hintze
Elmhurst Drive
A. A. Doolittle and Company
Charles J. Cerney
Tenth Street
Otto Gustafsson
Fourteenth Street
Tools of production share by industry in America
In South Bend Indiana figures show manufacturing and commerce use about two-fifths of all tools of production, agriculture about one-fifth, public utilities other than railroads one-sixth, and railroads one-eighth.
MENTIONED IN THIS ARTICLE
South Bend
Ind
America
Stock Market Closes Strong After Nervous Session
The market ended strong after a volatile day driven by nerves ahead of Hitler's speech. Turnover reached 1,588,000 shares, the busiest Saturday since 1937, with big blocks and late gains in blue chips and investment issues. Leaders advancing included U S Rubber Bethlehem Steel Montgomery Ward Union Pacific American Car and Foundry Loew's Douglas Aircraft Phelps Dodge and American Telephone.
MENTIONED IN THIS ARTICLE
Pittsburgh
Chicago
U. S. Rubber
Bethlehem, Steel
Montgomery Ward
Union Pacific
American Car and Foundry
Loew's
Douglas Aircraft
Phelps Dodge
American Telephone
Possession Given On Five Properties
Five residences changed hands Saturday through C. M. Hatfield and company. Purchases include 516 Sixth avenue SE sold from Frank Drakos to Mrs. Marie Dorland. 2514 A Avenue NE. 1223 Memorial Drive SE sold by William Kirkpatrick of Allison to Mr. and Mrs. William Baker. 1321 B Avenue NW acquired by Mr. and Mrs. Edmund Hick. two houses set for apartment remodeling at 1431 Fifth Avenue SE and 1717 Bever Avenue SE. Names: Cedar Rapids Building and Loan Association, Mrs. Kate Elsberry, Mrs. Susana Golden, Miss Ada Moore.
MENTIONED IN THIS ARTICLE
C. M. Hatfield and Company
Sixth Avenue
Frank Drakos
Marie Dorland
A Avenue
Memorial Drive
William Kirkpatrick
Allison, In
William Baker
B Avenue NW
B Avenue
Edmund Hick
Seventeenth Avenue
Fifth Avenue SE
Cedar Rapids Building and Loan Association
Kate Elsberry
First Avenue
Bever Avenue
Cedar Rapids Building and Loan Company
Susana Golden
Ada Moore
Markets At A Glance From United Press
Stocks irregularly higher and active while bonds wobble and U S governments ease. Curb and Chicago stocks rise unevenly. Foreign exchange holds steady versus the dollar. Cotton futures ease as grains in Chicago slide about 4 percent to 14 cents. Rubber futures steady and silver climbs to 20 pence an ounce in London.
MENTIONED IN THIS ARTICLE
United Press
U. S
Chicago
London
Willys-Overland Distributors Hold Regional Meeting
A regional Willys-Overland meeting for eastern Town dealers was held at Hotel Roosevelt with 24 dealers attending. Leonard Millsap led sessions. H B Harper and W A Murray explained the 1939 spring ad program, including a large newspaper campaign in The Cedar Rapids Gazette during April and May. A luncheon preceded the session hosted by the factory.
MENTIONED IN THIS ARTICLE
Willys- Overland Automobile
Hotel Roosevelt
Leonard Millsap
Cedar Rapids
H. B. Harper
Toledo
Willys-Overland
W. A. Murray
Milwaukee
Newcomer Rentals In Ottumwa Man Rents Center Point Home
New arrival A. J. Neumann moves from Ottumwa to occupy the John Buschhusen residence at 2916 Center Point Road NE through Fred E. Collard and company. He is employed by Interstate Transit Lines and will take possession in one day.
MENTIONED IN THIS ARTICLE
A. J. Neumann
Ottumwa
John Buschhusen
Center Point Road
Fred E. Collard and Company
Mr. Neumann
Interstate Transit Lines
Also Mentioned on This Page
Thomas E. Flanagan
E. Cohn & Sons Ltd
Third St
Brecks
West Penick & Ford
Concrete Materials CO
Max L. Brown
West Side
Metals Markets
General Motors Aae Ae
Republic Steel Ne
General Electric Vere Ee
Nense Ae
Commonwealth & So
Ee Ance
Montgomery Ward Ee
James E. Bennett and Company
Merchants National Bank
W. H. Jump
Local Securities
Iowa Securities
BONDS
Elec. Co
First Ave Holding
Roosevelt Hote
Esaee Towa Elec. Co
Iowan
W& Pr. Co
Towa Elec
Pr Co
Towa Land & Blas
Seria United Lt. & Pr
United Lt. de Pr
Veee
United Lt
United Lt. & Ry
Maine
Elec
United
Associated Press
Eeee Wee
Maryland
Eeeaeene Tee
New England Fund
Nor Am Tr
Std Oil
Eetee
Eatee US
Pella Heymer
St. BE
Biel Gi
Minneapolis
Montana
Lamson Brothers & Co
Phono
Ownes
Cedar Rapida
DR. Pepper Bottling CO
Bjornsen
Areve
Broulie
Second Street
Germanfuehrer
Britain
Poland
York
Ins
Ing U. S. Steel
Chrysler
General Motors
Goodyear
Boeing
American Smelting
Anaconda
Allied Chemical
Case Threshing
du Pont
Kubias Hardware CO
Mowen
NTT
Willys-Overland Distributors
Newcomer Rentals
Air
Checker Electric
DIAL
Timken
Timken-Detroit Axle CO
Detroit
Mich
Guerneses
Derning Water Hootenp
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