Industry Yielded To Summer Pressures And Drought
The AP index of industrial activity slipped to 94.7 from 95.8 as summer cooled demand after two months of gains. Retail trade weakened in drought regions while steel output fell to 70 percent capacity. Yet durable goods demand, rising scrap prices, and expanding Western construction signaled pockets of strength. Oil and gasoline use remained high with balanced crude output and stable prices.
MENTIONED IN THIS ARTICLE
Associated Press
Department of Commerce
American Iron Steel Institute
Cram’s
Copper Corporation Backs Off Domestic Price Hike
New York Kennecott Copper says it will not advance domestic prices now, ruling out a reported 10 cent quote. Foreign copper held at 9.75 cents per pound CIF European base. domestic copper unchanged. Lead steady at 4.60 cents New York, 4.45 East St. Louis. Zinc steady at 4.80 cents East St. Louis. Tin down 0.03 at 42.60 cents per pound. Antimony flat at 10.34 cents.
MENTIONED IN THIS ARTICLE
New York
Kennecott Copper Corporation
East St. Louis
Bonds tumble as market eyes inflation data
Market sources in New York report bond prices slipping amid jittery traders awaiting key inflation figures. Analysts note benchmark yields drift higher while investors seek safer assets as uncertainty dominates trading sessions.
Federal Reserve Raises Reserve Requirements
The Federal Reserve Board increases excess reserve requirements by 50 percent effective Saturday reducing potential credit expansion from about 38 billion to 13.6 billion while affirming no change to government financing operations or money-market interest rates.
MENTIONED IN THIS ARTICLE
Washington
INS
Federal Reserve Board
Federal Reserve Banks
Federal Reserve System
New Lightship Nantucket Ready For Offshore Post
The new lightship Nantucket built to replace Lightship 117 is prepared to guard the Nantucket shoals off Massachusetts. Costing 350000 dollars, it carries modern scientific instruments and succeeds the ship lost two years ago 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
Blythe California officials maintain a prairie dog ban. Perry McCart of Phoenix was fined ten dollars for attempting to bring three prairie dogs through the Blythe quarantine station. State officials insist the rodents are not native to California.
MENTIONED IN THIS ARTICLE
Blythe, Calif
Los Angeles
California
Perry McCart
Phoenix
Ariz
Local Permits Last Week For Dwellings And Jobs
A list of permits issued last week includes remodels at 72 Eighteenth avenue SW for $100 and 1253 First avenue SE for $1 000, reroofs at several addresses, new garages and sheds, and a 2 000 dollar new dwelling at 1200 Thirty-third street SE. Named applicants include M Pohlena Anna Zalot Mrs Anna Leaven F B Baldwin B L Carver William F Bendorff R M Ford E A Fordyce Roy Ritz Nagle Eaton Lumber John E Gable J O Simon Joseph F Shultz Martha A Heald and J C Doyle with locations across SE SW NE and downtown areas.
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 reports a quiet bankers acceptance market with yields at 5 16 percent for 30 60 and 90 days and similar ranges for longer terms. Commercial paper stays moderately active at 34 1/2 percent while time money sits at 1 percent for maturities up to six months and call money renews at 1 percent.
MENTIONED IN THIS ARTICLE
New York
Bankers
Call
Minneapolis Flour Price Report In 98-Pound Sacks
AP reports flour price details for Minneapolis carload lots with 98 pound sacks. Family patents and standard patents hold at 7.70 to 7.90 per barrel while shipments list 25.986. Pure bran ranges 26.50 to 27.00 and standard middlings 31.50 to 32.00.
MENTIONED IN THIS ARTICLE
Minneapolis
Local hog market shows slight rise on heavy hogs
The local hog market is steady to slightly higher with a 5 cent advance on heavier grades of good hogs and top price at 11.10. Other local markets remain unchanged.
Calf Market Upswing at Noted Livestock Trade
Market notes show choice calves 140 to 190 pounds valued at seven dollars a hundredweight. Trade reflects emphasis on weight and quality across the cattle market with steady demand from buyers.
Chicago AP live poultry and produce price report
AP reports receipts for live poultry at 12 trucks with steady prices. Butter receipts 17 776 with no session and unchanged prices. Eggs receipts 9 037 with no session and unchanged prices. Potatoes receipts 46 on track 227, U S shipments 345 with supplies moderate and demand light. Regional potato prices list California Idaho Washington Colorado Nebraska Kansas Pennsylvania New Jersey with various U S No 1 and U S No 2 grades and price ranges.
MENTIONED IN THIS ARTICLE
Chicago
U. S
California
Idaho Bliss
Pennsylvania
New Jersey
Cobblers
Livestock Values See Sharp Rise Across Markets
Hogs led gains with 25 to 75 cent increases and top pigs at 11.65 after a week of light arrivals. Fed steers, yearlings and heifers rose 25 to 50 cents, cows and bulls mixed while stockers and feeders gained 25 to 40 cents. Overall supply tightened with cattle at 61,000 and lambs weaker on higher volumes. Buffalo hogs steady to 10 cents over Friday with top hogs 12.10.
MENTIONED IN THIS ARTICLE
Chicago
Western Rangers
Buffalo
Wheat Futures Edge Higher After Late Session Rally
Wheat futures erased earlier losses and closed higher amid late short covering in Chicago. Corn also rose after dipping, rye advanced, oats gained, while barley fell 4 cents on light activity. Liverpool and Winnipeg showed mixed results with Kansas City and Minneapolis mixed as well.
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 building activity in the Far West has grown about 300 percent over the past two years. Permits averaged over 20 million monthly for the last three months, totaling 61.37 million for May to July this year, versus 16.11 million in the same period of 1934 across seven western states.
MENTIONED IN THIS ARTICLE
San Francisco
Far West
Far Western
Seven States
Sam Eubank
Daily
Pacific Builder
600 Plane Review Plans At San Diego Exposition
The California Exposition will host the largest aerial display in San Diego history this fall. A 400 plane naval review is planned along with 200 commercial ships to participate in a second review.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Labor clash heats up in Roosevelt campaign battles
The AFL and rival unions split over support for Roosevelt. William Green faces pressure as William Lewis and the nonpartisan league push backing for re election. A Pittsburgh Labor Day rally is planned amid reuni?ons and suspensions of rebel unions.
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 in Linn County
A compilation of real estate transfers and deeds dated 1936 in Linn County. Transactions include Wickey to Cook, Dubbert to Thompson, Wisehart to Wisehart, Williams to Treichler, Hatch to Equitable Life, IOOF Ely Lodge deed, Cruill to Hunt, sheriff deeds to Equitable Life and N J Baba, and other minor property conveyances with nominal consideration and recorded liens or encumbrances. Contains multiple parcels in Cedar Rapids and surrounding areas with dates in February and July 1936.
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
N J Baba
Shifs
Orig Town
Cedar Rapids
Marie Rieck Denny
Marie Rieck
Ella
Merriman
Bever Park
Ae Rapids
Joseph E Stepanek
Leo A Raim
J Smith
Vascon
Josephine Miller
Wesley M. Dostal
Stock Market Steadier Than Friday Session
New York trading showed steadier activity amid lingering irregularity. Phillip Morris fell sharply after its president’s death while other tobacco shares largely moved aside. Hiram Walker rose. Kennecott and Phelps-Dodge gained as did Swift International and several manufacturers. Rail stocks fell slightly with Union Pacific down three points.
MENTIONED IN THIS ARTICLE
New York
Phillip Morris
Hiram Walker
Tinken-Detroit Axle
Celanese
Kennecott
Phelps-Dodge
Swift International
Ritter Dental
Collins and Aikman
Robell-Wyant
American Car and Foundry
First National Stores
Alleghany Corporation
Union Paacific
Kansas City Southern
American Telephone
Markets at a Glance United Press report
Markets at a Glance reports United Press notes stocks higher in light trading with bonds irregular and quiet. Curb stocks and Chicago markets show irregular and lower behavior as foreign exchange eases and the dollar strengthens. Cotton holds steady while May wheat edges down slightly.
MENTIONED IN THIS ARTICLE
Chicago
Metal Market Prices for Delivered Metals Reported
New York stock report lists delivered metals prices for Saturday. Tin, lead and other metals show regional quotes with East St Louis and New York figures. figures include 4.63 for lead and 5.17 for zinc in New York area.
New York Markets Report Weekend Trading Totals
New York markets show total Saturday sales with stock exchange at 370000 shares and 3.61 million dollars in value curb exchange at 85000 shares and 800 thousand dollars in bonds traded.
MENTIONED IN THIS ARTICLE
New York
INS
Stock Exchange
Curb Exchange
Also Mentioned on This Page
Thomas E. Flanagan
Associated Press Financial Writer
Margaret Bourke
Ludlum Steel Co
Copper Corporation
Iowa Securities
THE
Wl ‘Co
Ia Electric Co
Ta Electric Co
Lt & Pwr
Eae
Power & Light
Ight ‘& Power
Tod i
Ta Public Service Co
Ws Public Service Co
la Public Service Co
Ia South Util Co
Sec
Maryland
Vie
Bond Market
Nantucket Area
Talbert
Des Moines
W. T. Sands
Second St. NE
Dial
Wilson & CO
Wilson's
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
Sateurday
Moai
Tin
ABC
Dickinson Secretariat
Cedar Rapids Savings Bank
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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