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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 28, 1935
Page
22
The Commerce Department reports a sharp rise in March foreign trade with exports up 13 percent and imports up 16 percent. Imports reached the highest value since May 1931, while merchandise exports exceeded imports by 7,722,000. Exports totaled 185,001,000 and imports 177,279,000 for March.
U S government issues held firm while utility loans tumbled with large offerings at concessions. Postal Telegraph 5s slid to a 1935 low. American Water Works 6s and Columbia Gas 5s fell as broader corporate and financial nerves kept sentiment cautious.
Stocks irregularly lower as silver weakens while bonds stay strong and active. Curb stocks and Chicago shares trend lower, miners soft. Foreign exchange shows gold easing and sterling steady. Cotton futures slip 8 to 14 points. rubber steady to down 7. Grains dip with Chicago wheat down up to 1 cent. other grains fractionally lower. Silver bar at New York 77.? cents an ounce, Montreal futures weak.
UPI and Dun and Bradstreet publish daily weighted prices for 30 basic commodities for the United States. The report notes month and year markers with data through February 18, 1935 and March 18, 1945. Copyright details attributed to Dun and Bradstreet.
An Iowa audit shows relief costs for 1933-34 totaling 14,754,949.38 dollars, with receipts beating disbursements by about 3.3 million. Federal funds amount to 14,490,303, RFAs 2,151,430, and state aid 1,428,237.16, plus county advances of 6,342,879 for outdoor relief.
Mrs. Arion Jorgenson, 73, was attacked and robbed in her Algona residence on Friday. She remained unconscious Saturday with a fractured skull after a robber ransacked the home and took about $1,000. Her daughter found her in a pool of blood. Milk helps to maintain normal weight in children and adults alike.
Lists of international currency quotes in cents or values for Great Britain France Italy Germany Finland Switzerland Spain Poland Czechoslovakia Yugoslavia Austria Romania Argentina Brazil Japan China and Mexico with several inconsistent figures and notes about locations Montreal and New York.
Stock traders trimmed profits across the board as mining shares led declines after silver fell to 76.34 cents an ounce and the Treasury remained silent on next steps. Automobile output rose to 110,970 units versus prior weeks, while leaders like Cerro de Pasco and American Smelting posted losses and broad industrials softened. Bond trading showed firmness in government issues amid mixed activity elsewhere.
Hog prices on the local market fell a nickel on Saturday with all grades down, pulling the top price to $8.70.
Marshalltown AP. County relief engineer G C Parsons ordered immediate halt to all relief work after a strike vote by organized relief workers. About 450 men and women affected. Transfer to direct relief lists followed orders from A E Michel chief state relief engineer. A sewing group in the courthouse was denied permission to continue. Norway high school class selects play Girl Shy with a May 19 Bacalaureate and May 23 commencement in Cedar Rapids.
U. S. government bonds closed in New York with Liberty 342s at 101.18, Liberty Piret 4tsa at 101.17, Liberty Fourth 414s at 102.20, Treasury 4143 47-52 at 116.14, Treasury 40 44-34 at 111.93, Treasury iat sores one at 107.23, and Treasury 30 at 81-5.
Dilemmas over U S silver policy led to grain price setbacks in Chicago on Saturday. Stop loss selling pushed rye down nearly 3 cents, wheat closed about 0 4 1/2 down, May futures moved off, and provisions declined slightly. Rains across Nebraska and Kansas plus softer wheat quotes at Liverpool contributed to the bearish outlook and margins pressure. Corn and oats followed the wheat weakness.
Montgomery Ward and company directors approve a 5.25 a share July 1 payment on class A stock for shareholders of record June 20. The dividend clears arrears. President Sewell L. Avery spoke at the quiet annual stockholders meeting on prices competition NRA expansion policies and business conditions.
March payrolls in the steel industry rose nearly six per cent from February to 46 million dollars, lifting first quarter payrolls 21 per cent above 1934. Employment climbed to 425,189, the highest since June 1934, per American Iron and Steel Institute.
O O Wolf president Kansas Farm Bureau says total grain imports for eight months ending Feb 28 fell under 2 percent of drought losses. Wheat imports totaled 9.5 million bushels and corn about 6.5 million, with AAA crop reduction praised to ease drought effects and aid cattle markets.
The article explains graded overcalls under Culbertson's streamlined bidding and discusses how to handle openings, jumps, doubles, and takeout strategies. It presents a Phantom Form hand, detailing a South-North bidding sequence, play of the final contract, and a key safety play to fulfill six spades with potential trump distribution.
This notes a 1935 bridge problem where spades are trumps and South leads. In Variation A West covers, North ruffs with spade Ace, then spades drawn and East endures a double squeeze. Variation B has West ducking the heart King and a sequence leading to a simple two-suit squeeze.
In Chicago a bid to dissolve the curb exchange and liquidate its assets failed by a three vote margin at a stormy session. Eighty seven members supported liquidation while 68 opposed it. ninety affirmative votes were required. A motion to recess was approved to reconvene May 17 for another try, after six proxy votes were disqualified.
New York reports show March bookings and shipments of fabricated structural steel rose sharply from February. The increase did not fully offset January and February losses, according to the reports received.
The American Institute of Steel Construction reports that 79 percent of the industry is represented by member shops. Quarterly bookings run about 10 percent below 1934’s monthly average, with March bookings at 20 percent of the 1934 average. March shipments trail the prior nine months’ monthly average but exceed the first half of 1934 by about 13 percent.
Fragmentary list of Cedar Rapids market items including grain, produce, meats, hides, and wholesale goods with varied prices and weights. Contains irregular spellings and incomplete entries for wheat, corn, oats, eggs, fruit, vegetables, and hides.
The Elkader junior college and high school present Augustus Thomas's The Copperhead on Friday May 24 with Supt. J. Dale Welsch as coach. Cast includes Marian Bailey LaVerne Meyer Alexander Perlin Joe Meyer Jean Fitzpatrick Carl Winker Helen Gmelin Thomas Rogers Don Meder Elizabeth Witt Marvin Meder Lorna Murphy.
New York AP Gobel Inc announces no negotiations with Armour to sell its Brooklyn plant or the Jacob E Decker and Sons packing plant in Mason City Iowa The firm filed for bankruptcy protection under Section 77b to extend time to reorganize and meet 2 250 000 notes due May 1 Decker executives say no sale plans and no talks with Armour resumed
A brief on New York bond issues and home owners loans with quoted prices such as 4s at 61 100 and 3s around 21 193,00. The report lists several ledger entries and dates, reflecting trading activity and price ranges amid market shifts.
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