Demand For Securities Surges As War Boom Era Returns
Stock and bond markets rise on hopes of industrial expansion after a weak winter. Leading steel and motor shares hit spring highs as shipbuilding gains and strong auto sales boost confidence, with FHA housing forecasts and rail orders signaling broader recovery in 1940.
MENTIONED IN THIS ARTICLE
Steen
Pete
Wall Street
York
Stock Exchange
FHA
Claudius T. Murchison
Cotton Textile Institute, Inc
United States
iThe Federal Housing Administration
Stewart McDonald
Doug
Eve
Gassara
Asia
Coe College Youth to Open Bakery and Delicatessen Here
Ells Newman a Coe College junior bought the former Williams bakery at 513 Fourth Avenue SE and will run a home bakery and delicatessen with help from his sisters Helen and Delores and their mother Mrs W H Newman. Father W H Newman will keep the Central City bakery with daughter Bonnie assisting.
MENTIONED IN THIS ARTICLE
Ells Newman
Coe College
Williams
Fourth Avenue SE
Helen
Delores
W. H. Newman
Central City
W. H Newman
Ellis Newman
Bonnie
Newman
Barker
Cedar Rapids
Stocks And Bonds Of Interest In Eastern Iowa
A list notes price ranges from recent transactions rather than firm bids. Readers are invited to contact The Gazette financial editor in Cedar Rapids Iowa for quotes on issues not cited.
MENTIONED IN THIS ARTICLE
Iowa
the Gazette
Cedar Rapids
Sharp setback in wheat after rain news on Chicago board
Wheat prices tumbled on the Chicago board of trade as heavy rains in drought regions sparked initial selling, then partially recovered. July futures slid to a low near 1024 before rebounding to just over 1031. Prices across corn oats and soybeans also fell, while rain boosted grain prices in Buenos Aires and Winnipeg. The forecast promised more rain in Texas Oklahoma and southern Kansas with a generally clear week ahead.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Buenos Aires
Winnipeg
Texas
Oklahoma
Kansas
Winnipeg Market Wheat and Chicago Cash Grain Report
Chicago cash grain reports show no cash wheat sales. No. 1 yellow corn at 977 to 980 per bushel, No. 2 at 602, No. 3 around 60 to 60. Barley and oats quoted with mixed and white varieties. Soybeans set at 1079 to 1090 per bushel for No. 3 yellow. field seeds listed with timothy and clover prices. alfalfa ranges noted.
MENTIONED IN THIS ARTICLE
Chicago
Minneapolis cash grain prices and bids report
AP summary of Minneapolis cash grain market with bid quotes for wheat corn oats and barley. Prices show declines across many varieties including No 1 hard Montana No 1 northern and dark amber durum with figures ranging around 1.03 to 1.05 per unit and oats and barley trading lower.
MENTIONED IN THIS ARTICLE
Minneapolis
Laney
Montana
Market reports Chicago AP Butter Eggs Potatoes
Chicago AP markets note steady receipts for butter eggs and potatoes with mixed price moves. Creamery butter and egg prices show little change while potato shipments and wholesale prices reflect modest demand and variation across regions.
MENTIONED IN THIS ARTICLE
Chicago
Arriva
U S
Idaho
Colorado
Texas
U. 3
New York Produce and Dairy Receipts Report
New York AP data shows irregular color grading and mixed receipts across produce dairy and cheese. Butter and cheese receive varied prices and grades, with notable totals and shifts in firsts seconds and extras.
MENTIONED IN THIS ARTICLE
New York
Futures and dairy storage standards update
A brief note lists future market outlook from Lamson Bros and Co with butter storage standards dated November 26 and egg refrigerator standards dated October 39.05. the item records pricing and standard definitions for dairy commodities.
MENTIONED IN THIS ARTICLE
Lamson Bros. and Co
Week's Most Active Stocks Rally On New York Exchange
The New York Stock Exchange posted a strong weekly rally with gains across sectors led by steel stocks. Buying stayed robust at high Saturday prices as weekly volume topped the year to date, with many issues exceeding 100000 in sales in the tabulated figures.
MENTIONED IN THIS ARTICLE
Shipbuilding and
Aircraft
Harry F. Hopkins
Commerce Department
New York Stock Exchange
Building Activity and Business Changes Across East Iowa Towns
East Iowa towns report multiple business openings and relocations. In Manchester Archie Lyman opens a meat market with Francis Hoag in charge as Myron C. Bushnell moves Clover Farm Store into the same building. The Delaware County Fire and Lightning Insurance company plans to move to the second floor of the Farmers and Merchants Savings bank. Robert Howe returns home from Brooklyn with his wife and child. Anamosa sees RL Watkins Department Store opening and Anamosa Motor Sales opening with Jack Faher as manager and Ras Codling, Jim Buckner as sales staff. In Dysart Casper Geyer plans to reopen an ice cream shop. Clara Burmeister has redeveloped the business. Dr C R Roberts moves to downstairs offices and remodels, adding upstairs living quarters. Belle Plaine sells Quality Cleaners to James Alexander of Ottumwa. Wes Walga Motz departs. Ossian Carl Douglas moves from Calmar with his family to the Norman Brown home. Postville Mrs J A Kovenig buys a double lot with barn and garage for 525 dollars. Oxford Junction St Marys Church building to be razed after joining with Sacred Heart. auction yields 365 dollars for the building, 10 dollars for the foundation. Volga City Ambrose house razing begins for Dr R E Grant office and residence. Solon C SP hall sold at Iowa City auction to directors James Buchmayer Kasper Holecek and W A Pauba to satisfy a note. no changes to the hall planned.
MENTIONED IN THIS ARTICLE
Manchester
Archie Lyman
South Franklin Street
Francis Hoag
William F Hoag
Myron C. Bushnell
Clover Farm
Delaware County Fire and Lightning Insurance Company
Farmers and Merchants Savings Bank
Robert Howe
Brown Mortuary
Howe
Brooklyn
Oxford Junction
St Mary's Catholic
Sacred Heart
G. E. Leffingwell
John Peckosh
Volga City
Frank Ambrose
R. E. Grant
Solon
Iowa City
James Buchmayer
Kasper Holecek
W. A Pauba
Wagner Motor Co Wins Service Award
Wagner Motor Co the De Soto Plymouth dealer earned a plaque from the De Soto division of Chrysler for excellent service department facilities and equipment. District Manager Ed Wing cited 100 percent ratings on tools personnel parts stock cleanliness and courtesy. Oliver Swab credited the team and said the trophy will be displayed in the Third avenue and Eighth street SE showrooms.
MENTIONED IN THIS ARTICLE
Wagner Motor Company
de Soto-Plymouth
de Soto
Chrysler Corporation
Ed Wing
Oliver Swab
Third Avenue
Eighth Street SE
Cedar Rapids Bank Clearings Rise Beyond Last Year
Bank clearings in Cedar Rapids for the week ending April 6 totaled 1,355,872.94 dollars, up from 1,050,290.66 the week before. The week ending April 8, 1939 shows a total of 1,213,765.15 dollars.
MENTIONED IN THIS ARTICLE
Cedar Rapids
More Than 15 Million Families In U S With $1 500 Annual Income
New York AP There are 15 251 300 preferred families in the United States with the buying power of a 1500 annual New York City income, per Sales Management magazine. The study notes a 7 percent gain to 1939 and an average composite family income of 2267 per capita 352 per person. Washington tops cities with 4556 per family, followed by Des Moines 3886 and Davenport tri-cities 3600.
MENTIONED IN THIS ARTICLE
New York
United States
New York City
Washington
Des Moines
Davenport
Tri-Cities
Real Estate and Mortgage Reports Linn County
Conveyances and mortgages recorded in Linn County from March 9 to April 4 show 64 conveyances and 59 mortgages totaling $132 450. A March comparison lists conveyances from 1935 to 1940 ranging 219 to 345 and mortgages from 146 to 197 with dollar totals from $395 48138 to $556 223 06.
MENTIONED IN THIS ARTICLE
Linn County
Liin
Home Insulation Co Opens New Branch Office
The Home Insulation Company, approved Johns-Manville rock wool contractors, opened a branch at 412 to 416 A Avenue NE with L. J. Braun as manager. Braun has years of experience in rock wool work and supervised insulation of many downtown properties and horses in the area. The firm plans to use modern blown-in rock wool methods.
MENTIONED IN THIS ARTICLE
A Avenue
L. J Braun
Braun
Rock Wcool
Trends of Business April 6 General Business Market
Federal reserve board reports week ended March 30 department store sales 20 per cent below year ago. Consolidated Oil Corp 1939 net income 7 540 881 equal to 55 cents a common share vs 54 cents in 1938. Jewel Tea Co four weeks ended March 23 sales 2 110 462 year ago up 113 per cent. Kresge Co March sales 12 895 241 up 15.7 per cent year over year. Lane Bryant March sales 1 276 647 vs 1 389 581 year ago off 81 per cent. three months up 18 per cent. Midland Steel Products 1939 net profit 2 235 336 equal to 5 79 a common share vs 2 245 73 in 1938. G C Murphy Co March sales 4 069 346 up 27 per cent. three months up 19 per cent. Pullman Co February net income 253 250. two months 910 999 vs 913 990 year ago. Western Auto Supply Co Missouri March sales 3 183 000 up 109 per cent. three months 9 086 000 up 21.9 per cent.
MENTIONED IN THIS ARTICLE
Consolidated Oil Corpn
Jewel Tea Co
S S Kresge Co
Lane Bryant, Inc
Midland Steel Products Co
G. C Murphy Co
Pullman Co
Western Auto Supply Co
Missouri
World’s oldest tree in Yosemite National Park
A towering tree 34 feet in diameter, estimated at over 3,800 years old, is described as the world's oldest. It stands within Yosemite National Park highlighting ancient forest lineage and natural history.
MENTIONED IN THIS ARTICLE
Yosemite National Park
Government probes life insurers find strong financial position
Harry Gathman of the Pendential Industrial Agency told the Life Insurance General Agents and Managers Association that despite a government inquiry aimed at fault finding, life insurers are financially solid. He criticized federal politicians for trying to influence operations and discussed a convention resolution on federal annuities.
MENTIONED IN THIS ARTICLE
Harry Gathman
Pendential
Life Insurance General Agents and Managers Association
Roosevelt Hotel
National Association
Atlanta
Robert Wagner
Gathman
President Fears For Future Of Men On Antarctic Expedition
President Roosevelt warned that about fifty Berd Antarctic expedition members face an uncertain future as Congress refused transport money home. He urged more funds, noting their return or stay at Antarctic bases hinges on approval. House cut 250000 for the year, Senate committee weighs reinstatement. original grant was 350900 for one year.
MENTIONED IN THIS ARTICLE
Washington
INS
Ies
Roosevelt
America
Nouse
Senate
Carrs
Mich woman-hater who eloped now says marriage teaches best
Marian Phillips once listed six reasons she disliked men as a Michigan freshman. Now married to Einar Almdate, she reveals her change after eloping to Toledo and living with him at the Phi Sigma Kappa house. She says he treated her kindly and proved a man can be different.
MENTIONED IN THIS ARTICLE
Ann Arbor
Mich
Marian
Grosse Pointe
Colfesiatedom
Almdate
Gargoyle
Michigan
Einar
Phi Sigma Kappa
Thor
Farmer entombed by silage rescued after four hours
Ir Morris AP report says Wallie Foster 65 told his wife the silage could slide. She found him in the silo after a visit, trapped against the wall with only his head free. He had been immobile for six hours but was uninjured. five men worked four hours to free him.
MENTIONED IN THIS ARTICLE
Morris
Wallie Foster
LaGuardia Debuts Gray Hat Amid Hat Style Debate
New York Mayor LaGuardia wears a gray hat replacing his old black style. Report notes the headpiece prompts whispers about fashion advice from a protesting milliner while the mayor avoids commenting on style criticism.
MENTIONED IN THIS ARTICLE
New York
LaGuardia
P.S
Stock Market Advances To New Highs In Short Session
EW YORK stock markets surged in a brief Saturday session reaching new yearly highs as steel and specialty shares led gains. Volume was about 710000 shares, with U S Steel and Willys Overland among top movers, while department-store sales fell year over year and better demand appeared in some issues.
MENTIONED IN THIS ARTICLE
York
Shipou Idng
Willys Oversland Common Ang
Ney Pub
Electric Auto Lite
Standard Brands
B M. T
Celarese
Peissuret
Chiago
Ea7
Beter
U S Steel
Sesson
Onis
Shedard
Beth Ishers
Nore Mally
Garet
International Mercantile
Ower
Ruling Changes Canadian Currency Redemption Rules
The foreign exchange board restricts redemption of Canadian currency in the United States effective April 1. U S retailers may not return Canadian funds to Canada for exchange, shifting buyers toward US funds or limiting cross border transactions. The change reduces Canadian shoppers profits by about 8 percent versus the official rate, affecting border trade and travel.
MENTIONED IN THIS ARTICLE
Detroii
Buffalo
United States
Foreign Exchange Control Board
Eee
Canada
Bureau of Business
Wee Journal of Bsigarniine Mems
New York
James
Whisky labeled F D BR is out in Frankfort Kansas
The Kansas case centers on a whisky label reading F D R not allowed by the state due to potential confusion with the President. Judge Hermans ruled the use could mislead and that the state could pursue a suit to block the brand.
MENTIONED IN THIS ARTICLE
Hedman
Heidman
Hermans
Pathe Mas
Wh.sky
Missionaries Plan 2000 Mile Paddle Down Mississippi River
Clarksville Tennessee AP two men a bookkeeper turned preacher James Russell 32 and Boy Scout M W Bover 18 prepare for a canoe voyage from Clarksville to New Orleans to convert shantyboat dwellers along the river They plan to travel Cumberland Ohio and Mississippi Rivers aided by fishing and limited gear and hope to continue to Africa with Africa Inland Mission.
MENTIONED IN THIS ARTICLE
Clarksville. Tenn
Mississippi
New Orleans
Africa
James Russell
Walty
Moody Bible Institute
Chicago
M W Bover
Cumberland
Ohio
Russell
Africa Inland Mission
Treasure Myth Blasted As Shipwreck Is Raised
Paris AP reports a 170 year old treasure myth debunked as the Telemaque shipwreck near the Seine is raised. Initial findings include a necklace claimed from a crew member and jewels, while a broader recovery yielded no objects yet identified.
MENTIONED IN THIS ARTICLE
Paris
Seine
Qi Lebe
Buckner Seeks Freedom To Rejoin His New Wife
Buckner, an imprisoned broker serving two years for mail fraud, seeks a presidential pardon to wipe his conviction and rejoin his bride Adelaide Moffett. The suit alleges unfair trial, despite the Supreme Court refusing to review the case.
MENTIONED IN THIS ARTICLE
Buckner
New York
Playboy
Barkrer
Lewsburg
American Saturday
Jon
Adelaide Moffett
Erstable
Supreme Court
Also Mentioned on This Page
Frank Macmillen
Associated Press
Wall
Wisconsin
Dewey
New York Central
A. G. Heim
Central States Elec Co
Central States Elec. Co
Cherry-Burrett Co
Firat Ave Holding Co
Roosevelt Hotels
Honeymead Products Co
Iowa Land & Ride
Towa Electric Co
Iowa Stectric Co
Ioza Electric Co
Sze Ue Pia Ag
Iowa Electric
Wat
Tiona Electric
Towa Electric
Interstate Power
Interstate Power Co
Iowa Public Service
la Southers Uttilttes
la Southern Utiilties Co
la ‘Southern Utilities Co
Southern Utilities Ca.rr
Serine
Yapouyiene Utilities Co
Va's
University Stadium
Eria
Oe Taran Choate Miz Co
Oo LaPlant- Choate Miz. Co
Ling Maek Co
National Oats
Penick «& Ford
Quaker Oats Co
Rath Packing Co
Rath Packing _Co
United Lt. & Rys
Shoe 243 Corp Trust
Maryland Fund
Geeese Ag
New England
Nor Am Tr
Ae Nor Am Tr
Am Sh Inc
Lamson Brothers and Company
H R. Mowrey
Merchants National Bank
Radio Corp. Bly
Lockheed Aircraft
Loft. Inc
United Air Lines A
Aeet Qn We Ag
Pan Am Airways
Curtiss Wright Co
Republic Steel Ny
McKesson-Robbins
United Corp
Jas E. Bennett & Co
W.H. Jump
Anamosa
RL Watkins
Anamosa Motor Sales Company
Jack Faher
Ras Codling
Jim Buckner
Dysart
J Casper Geyer
Vinton
Pearl Seeback
C R. Roberts
Bank
Roberts
Belle Plaine
James Alexander
Ottumun
Wes Walgamot
Ossian
Carl Douglas
Skelgus Company
Calmar
Norman Brown
Postville
J A Koevenig
George J Schroeder
Wagner Motor Co
U. S
Real Estate and Mortgage Reports
Home Insulation Co
United Press
Federal Reserve Board
Avy
Corporation News
Wagner
Rail
Frankfort
Sippi River
Iowa Electric Light and Power Company
Frank Filip & Co
Cedar Rapids, Iowa
Hi-Ho Tavern
East Dubuque, Illinois
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