Industry Yields To Effects Of Summer And Drought
The AP index of industrial activity slipped to 94.7 from 95.8 as summer cooled demand and drought dampened retail trade in some regions. Despite declines, durable goods demand remained solid, with steel output dipping to 70 percent capacity while scrap prices rose. Construction in the West expanded and oil industry showed strong gasoline and crude balance.
MENTIONED IN THIS ARTICLE
Associated Press
Department of Commerce
American Iron Steel Institute
Cram’s
Copper Corp Drops Plans to Hike Domestic Copper Prices
New York report says Kennecott Copper Corp will not advance domestic copper prices now, eliminating a possible 10 cent quotation. Foreign copper held at 9.75 cents per lb CIF European base. domestic lead steady at 4.60 New York, 4.45 East St. Louis. Zinc steady at 4.80, tin down to 42.5 cents, antimony unchanged at 10.5 cents.
MENTIONED IN THIS ARTICLE
New York
Kennecott Copper Corporation
East St. Louis
Iowa Securities Roundup From Associated Press Reports
A synopsis of bid and ask figures from Iowa utilities including Iowa Electric Company, Public Service Company, and South Utility Company. The items show preferred and common stock percentages, with varying yields and par values, reflecting market activity on the listed issues.
MENTIONED IN THIS ARTICLE
THE
Associated Press
Stsel ‘Co
Ia Electric Co
Lt & Pwr
Elec
S of & Li
Public Service Co Ss
Public Service Co
Aere
S. Publi Service Co
South Util
Federal Reserve tightens reserves cutting potential credit
The Federal Reserve Board raised excess reserve requirements by 50 percent effective Saturday. This reduces excess reserves from about 1.17 billion dollars to 1.7 billion, cutting potential credit expansion from 38 billion to 13.6 billion, with no change in government financing or money market rates. The move is not a reversal of easy-money policy.
MENTIONED IN THIS ARTICLE
Washington
INS
Federal Reserve Board
Federal Reserve Banks
Federal Reserve System
New Lightship Nantucket Ready For Duty
Chelsea Mass INS reports the new lightship Nantucket costing 350000 dollars is ready to replace Lightship 117 at the Nantucket shoals station. It carries modern scientific equipment to guard the shoals where its predecessor with seven crew was lost two years earlier after a collision with the liner Olympic.
MENTIONED IN THIS ARTICLE
Chelsea
Mass
Ins
Nantucket
United States
Nantucket Shoals
California Still Keeps Ban On Prairie Dogs
A Blythe quarantine station stop ended with Perry McCart of Phoenix fined $10 for trying to move three prairie dogs into California. Officials say prairie dogs are not native to the state.
MENTIONED IN THIS ARTICLE
California
Blythe, Calif
Los Angeles
Perry McCart
Phoenix
Ariz
Permits Issued Last Week For Dwellings And Remodels
Local blog records permits issued in the last week. Names include M. Pohlena for remodel at 72 Eighteenth Avenue SW and costs listed, plus repairs, reroofs, new garages and dwellings for multiple residents across SE SW NE areas with varied dollar amounts. Some entries include Nagle Eaton Lumber Co additional permit and other contractors.
MENTIONED IN THIS ARTICLE
M. Pohlena
Eighteenth Avenue
Anna Zalot
Nineteenth Avenue
Anna Leaven
Fifth Avenue
F. B. Baldwin
Wildwood Drive
B. L. Carver
Sixth Avenue
William F. Bendorff
Seventh Avenue
R. M. Ford
Ninth Avenue
E. A. Fordyce
Park Avenue
Roy Ritz
Hinkley Avenue
Nagle
D Avenue
Henry Stearns
First Avenue
Elmer Nemecek
Thirty-third Street
J. O. Simon
Joseph F. Shultz
Hamilton Street
Martha A. Heald
Center Point Road
J. C. Doyle
G Avenue
Bankers' Acceptance Market Remains Quiet
New York report shows bankers' acceptance market quiet with rates around 5 to 16 percent for 30 to 180 day maturities. Commercial paper moderately active at 4.5 to 1 percent, time money at 1 percent for under six months, and call money renewed at 1 percent.
MENTIONED IN THIS ARTICLE
New York
Minneapolis Flour Prices and Shipments Report
Minneapolis AP notes carload lot pricing for flour in 98 pound sacks with patent and standard grades listed. Shipments total 25 986 units with bran and middlings values shown, reflecting market details for flour products and byproducts.
MENTIONED IN THIS ARTICLE
Minneapolis
Local hog market shows slight gain this week
The local hog market is steady to slightly higher with heavy hogs up five cents on Saturday, top price reaching 11.10. Other local markets remain unchanged.
Chicago Produce Prices and Receipts Report
AP dispatch from Chicago shows live poultry receipts 12 trucks with steady activity and unchanged prices. Butter and eggs receipts reported with no session and prices unchanged. potatoes listed with varied regional prices and multiple varieties including Idaho russets and Washington Burbanks with several price points and condition notes.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Samadk
California
Idaho
Xaeaeania
New Ateer
New Jersey Cobblers
Livestock Values Rise Sharply Across Market Week
Hogs lead gains with 25 to 75 cent increases, top at 11.65. Cattle feed steers, yearlings gain 25 to 50 cents. feeders 25 to 40 cents. Supply tightens with 61,000 head, drought and rains boost pasturage. Lambs and western ranges soften. ewes steady, bulls weak. Buffalo hogs rise to 12.10 top grades.
MENTIONED IN THIS ARTICLE
Chicago
Western Rangers
Buffalo
Wheat Futures Rise in Late Session Trading
Wheat futures on the Chicago Board of Trade closed higher after late-session buying, erasing early losses. Corn mirrored gains, rye and oats advanced while barley fell on open, with international prices showing mixed results across Liverpool Winnipeg Kansas City and Minneapolis markets.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Liverpool
Winnipeg
Kansas City
Minneapolis
Western Building Activity Expands In Last Two Years
San Francisco AP reports Western building activity surged about 300 percent in the last two years with average permits over 20 million monthly. Seven far western states issued permits totaling 61.37 million for the three months ending July 31. The July sum reached 20.79 million, compared with 16.11 million in the same months of 1934.
MENTIONED IN THIS ARTICLE
San Francisco
Far West
Far Western
Seven States
Sam Eubank
Daily
Pacific Builder
600 Plane Review at San Diego Exposition
San Diego plans the largest aerial display with a 400 plane naval review and 200 commercial ships to participate in a second review at the California Exposition this fall.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Labor Battle Sparks 1948 Campaign Developments
The AFL craft and industrial unions collide as William Hutcheson accuses Roosevelt supporters of aiding John L. Lewis and rebel unions. Lewis urges backing for re election, criticizes Green neutrality, and threatens continued dissent after the Federation council suspended rebel unions on insurrection charges.
MENTIONED IN THIS ARTICLE
Washington
American Federation of Labor
William
Big Bill
Hutcheson
Republican Party
Roosevelt
John L. Lewis
Labor
Lewis
Pittsburgh
William Green
Federation of Labor
Executive Council
Federation
Nonpartisan League
Real Estate Transfers and Sheriff Deeds Listed in Linn County Notices
A series of land transfers and encumbrance details in Linn County include M L Wickey to Henrietta S Cook for Lot 28 and Plat 11 C R. Elizabeth T Dubbert to Lester J Thompson and Alice R Thompson. Anna Wisehart to Lucinda and Donald Wisehart. Jessie M Williams to Nine R Treichler. Nina R Treichler's reconfiguration of lots. Lester O Hatch to Equitable Life Assurance Society of US. IOOF Odd Fellows deed for part of Lot 10 Block 10 Ely Ia. Louise Cruill to C C Hunt. Sheriff deeds from Linn County to Equitable Life and to N J Baba. Marie Rieck Denny to Ella S Merriman. Joseph E Stepanek to Leo A Raim. Josephine Miller to Wesley M Dostal with multiple fractional lots and rights of way. and a large cash sheriff sale: $15,334.51 and other transfers dated 7-14 to 7-23-36.
MENTIONED IN THIS ARTICLE
M L
M B Wickey
Henrietta S Cook
Valcon
Elizabeth T Dubbert
Lester J
Alice R Thompson
Midway Park
Anna Wisehart
Lucinda Wisehart
Donald Wisehart
Jessie M Williams
R Treichler
Grande Ave Place
Nina R Treichler
Lester O Hatch
Equitable Life Assurance Society of US
Vernon
Linn County
Ely
Independent Order of Odd Fellows
IOOF
Ely Ia
Louise Cruill
Equitable Life Insurance Company of
Iowa
Linn
N J Baba
Orig Town
Cedar Rapids
Marie Rieck Denny
Marie Rieck
Ella S Merriman
Bever Park
Joseph E Stepanek
Leo A Raim
J Smith
Josephine Miller
Wesley M. Dostal
Stock Market Steadier Than Friday Session
New York traders noted steadier tones than Friday with most moves in fractions. Phillip Morris plunged after its president’s death, while Hiram Walker and Kennecott led gains among liquor and metal shares. Union Pacific sank guiding rail averages down. American Telephone slipped and utilities barely rose.
MENTIONED IN THIS ARTICLE
New York
Phillip Morris
Hiram Walker
Tinken-Detroit Axle
Celanese
Kennecott
Phelps-Dodge
Swift International
Ritter Dental
Collins and Aikman
Campbell-Wyant
Americcan Car and Foundry
First National Stores
Alleghany Corporation
Union Pacific
Kansas City Southern
American Telephone
Markets at a Glance United Press
Markets at a Glance reports stocks higher in light trading while bonds and curb stocks show irregular or quiet movement. Foreign exchange eases as the dollar weakens and French francs hover near gold import levels. Cotton remains steady to slightly down and May wheat declines marginally amid general market hesitation.
MENTIONED IN THIS ARTICLE
Chicago
Metal Market Quotes for Delivered Metals
New York market report lists Saturday custom smelters rates for delivered metals in cents per pound. Copper Electrolytic 93.4 and export 107.0. Tin Straits spot 42 percent. Lead prices across locations include New York 4.60 4.65 and East St. Louis 4.45 with variation toward 5.17 percent in New York.
MENTIONED IN THIS ARTICLE
New York
Straits
East St. Louis
Ie York
Also Mentioned on This Page
Thomas FE. Flanagan
Margaret Bourke
Ludlum 8Steel Co
Copper Corporation
Iowa Securities
Ees
Tryland
Nor Amer Tr
Dedves Rae Quarterly Inc
Bond Market
Nantucket Area
Yi Ite
Des Moines
W. T. Sands
Second St
Dial
Wilson & CO
Wilson's
Good Packers
Automobile and Fire Insurance “Conscientious Service
AGCY
C. R. Savings Bank
Mile Whipple Agency
Insurance and Bonds
American Trust
Western
Edgar C. Horton
Birmingham
U. S. Weather Bureau
Perpetual Savings & Loan Association
Third Street SE
Member
Federal Home Loan Bank System
United Press
Metal Market
Stock Exchange
Curb Exchange
ABC
Dickinson Secretaries School
Cedar Rapids Savings Bank
V. L. Dodds
Second Ave
Central States
Elec. Co
Iowa Electric Company
Iowa Elec. Company
United Light & Ry. Co
Iowa Elec. Lt. & Power
Iowa Elec
Lt. & Pow
Iowa Southern Utilities Co
Ernest Kosek & CO
Merchants Nat'l Bank
Lefebure
Lefebvre Corporation
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