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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 09, 1936
Page
17
The AP index of industrial activity rose to 95.8 the highest since Feb 1930, led by a contra seasonal rise in freight carloadings. Retail trade showed resilience amid summer slumps and drought, while steel activity held at 71.4 percent capacity.
Reports show steels ingots and soldiers bonuses fueling July sales gains among lead merchants and chain stores. Bell Telephone indicates first July station rise since 1929, up 28 600, marking the largest July gain in sixteen years amid improving conditions across districts. Chicago auto sales reach best July since 1929.
Minneapolis AP reports flour costing per barrel in 98 pound bags. Shipments total 27,922 with pure brand middlings priced at 26.50 and standard patents at 7.70. Family patent figures remain unchanged in the 77.28 shipment context.
Hogs show little change on the local market with the top price at 10.70. Bulls and canners and cutters are slightly weaker while other local markets hold steady.
The report notes calf market variation from 140 to 190 pounds with good to choice grades. Price guidance shows market-ready weights fetching around 9.50 per hundredweight and lighter calves priced accordingly.
A Cedar Rapids listing shows prices for grain and produce including corn at 86 cents per 70 lb ear, shelled yellow corn at 1.03, soybeans at 1.10, hay and straw prices, hens and eggs rates, wholesale citrus and fruit prices, and hides and calves values for various grades.
A compiled record of real estate transfers including trustee deeds, reconversion financing transfers, and adjoint liens. Entries cover Fred Kubicek to Anton and Anna Vacek. Reconstruction Finance Corp to D W Bates. Ruth Rydberg Admi Est to George and Selah Carlyle. Emily Winslow to Oak Hill Cemetery Assn. Charles A J Marousek to Iowa State Laws Bank. Grace M Robbie to Charley H Yaints. D W Bates to C R Laws Bank & Trust Co. Charles G Howland to W L Howland. Josephine Taylor to Ada Fleming. Dates range 1931 to 1936 with prices listed.
Stocks near five year highs in a firm session with gains from American and Italian shares. Curb stocks steady to firm while Chicago listings rise. Foreign exchange shows sterling strength and French francs at the gold point. Cotton moves nervously as the bureau report looms and grains hold steady to marginally higher.
Market notes show Home Owners 3s at 52 2 1 and Home Owners 2s at 49 . 6 101.23, with closing prices from Saturday sales.
A firm tone persisted in the bond market with lighter Saturday volume. Leaders in the domestic corporate group led activity while the federal list stayed busy. nine government issues traded with only five showing a price range. Total sales reached 6.57 million with a week-to-week comparison of 4.61 million.
New York stock market activity favored utilities with the utility index rising to its highest level since 1933 while rail and industrials also posted gains. Consolidated Edison and Federal Light and Traction led utility advances. Eastman Kodak General Electric Sears Roebuck and Can Company among others showed notable climbs.
The article analyzes how European turmoil, led by the Spanish civil war, tests U S policy on naval presence, neutrality law, and trade. It weighs military readiness versus diplomatic caution, noting debate over embargoes, food restrictions, and future congressional action as Washington weighs risks amid a cautious stance. It also reports drought relief efforts, union labor tensions, and signals of private borrowing upticks as the domestic economy edges toward recovery.
Chicago wheat futures edged up about two cents as traders weighed a worse than normal Canada crop and a chilly weather outlook. Prices closed mixed with September near 1.12 a bushel and other contracts modestly altered, while corn oats and rye showed smaller moves and provsions fell slightly.
New York reports bankers acceptance market quiet with rates around 3 to 3 16 percent for 30 60 and 90 days and 5 16 to 5 16 percent for longer terms. Commercial paper market moderately active with rates unchanged near 1 percent. Time money offered at 1 14 percent for maturities up to six months and call money renewed at 1 percent.
The New York market saw cotton prices drop 5 to 16 points amid conflicting forces. A high crop estimate near 12 million bales spurred a price tumble of about $1.25, with a partial rebound later. Government estimates of 12,481,000 bales exceeded expectations and helped push futures lower across the board.
Export copper prices climbed to 9.60 cents per pound CIF European ports, the highest since May 7, 1931. Domestic copper markets held at 9.75 cents. lead and zinc showed activity with stable quotes, while tin eased to 42.5 cents and antimony remained at 11 cents per pound.
AP report notes butter receipts at 9 648 and cheese receipts at 55 157 with steady prices. Fresh fancy unquoted butter and milk flats listed. live poultry prices easy by freight with broilers rocks and Leghorns at 16 20 percent, others unchanged.
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