Big Arms Plant Expansions Boosting Business Picture
Plans for new factories to make aircraft, powder, tanks and other fighting equipment moved from blueprints to construction. Announcements of large projects signaled defense program expansion, including a Douglas aircraft plant in Southern California, a tank factory near Detroit, and a powder plant near New York. Analysts expect hundreds of millions in new plants to bolster business through autumn and winter, with continued private and RFC funding and rising pay rolls as construction accelerates.
MENTIONED IN THIS ARTICLE
Douglas Aircraft
California
Detroit
York
Radford
RFC
England
British Isles
Wall Street Journal
Wheat Climbs Late on Chicago Board After Narrow Gains
Wheat firmed near the close on the Chicago board, trimming earlier losses with gains around a cent a bushel. September futures rose from an early 68% to about 69.5 cents as Minneapolis demand and speculative buying supported prices. Cash wheat and Minneapo lis quotes varied, while corn and oats showed modest movements and rains/frost influenced grain belts.
MENTIONED IN THIS ARTICLE
Chicago
INS
Chicago Board of Trade
Minneapolis
Winnipeg
Buenos Aires
British Isles
Germany
Kansas City
American Northwest
Markets CHICAGO PRODUCE: POTATOES ARRIVALS AND PRICES
Chicago markets report potato arrivals steady with total U S shipments 277 while new stock supplies moderate and demand remains moderate. Idaho russet Burbanks and US No 1 Bliss Triumphs priced around 1.55 to 1.65, Oregon, Nebraska, Minnesota, and Wisconsin items show generally good to steady quality with prices listed for US No 1 and common grades.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Idaho
Nebraska
Minnesota
Wisconsin
Bliss
Week's Active Stocks Show Decline Amid German Aerial Offensive
The New York stock market fell through the week as German air power pressured prices. the Friday sell-off peaked with a record wheat drop, while industrials remained strong. Notable movers included International Paper, U.S. Steel, General Motors, Chrysler, General Electric, Bethlehem Steel, Republic Steel, and Brooklyn Manhattan Aviation Corp, with varied volumes.
MENTIONED IN THIS ARTICLE
Great Britain
New York Exchange
U. S. Steel
General Motors
E Loft, Inc
Chrysler Motors
General Electric
Bethlehem Steel
Republic Steel
Brooklyn Manhattan
Aviation Corp
Bocony Vacuum
Jas. E. Bennett and Co
Merchants National Bank
W. H. Jump
Res
Starch Works Reopens at Cedar Rapids Plant After 21 Years
Naomi Doebel reports Penick and Ford, Ltd. Inc. restarts laundry starch production at the Cedar Rapids plant once known as the Douglas starch works. New equipment, extended floors, and a 39,000 pound daily capacity mark the revival, with a detailed process from corn to finished starch including drying, cooking, pressurization, and packaging.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Penick and Ford, Ltd. Inc
Douglas Company
Penick and Ford
Douglas
Penick
Eighth Avenue Bridge
Hoover Reacts To Willkie Acceptance Address
Former President Herbert Hoover declared Wendell Willkie's acceptance speech a call for strong leadership. He said it urges revitalizing America's productive forces to meet evils facing mankind and asks for strength and sacrifice for economic, moral, and spiritual growth, offering a hopeful national outlook.
MENTIONED IN THIS ARTICLE
Palo Alto
Calif
Ins
Herbert Hoover
Wendell Willkie
America
Mr. Hoover
Shoe Box opens as new Higbee shoe store in city
Higbee's announces the Shoe Box, an eight foot wide men’s shoe shop built by Elmer A. Higley Inc. and Barnes and Chamberlain on Higbee’s ground. Norman Hatton designed the facade, display window, and interior includes 30 feet eight inches of showroom for 1,000 pairs, with sun tan mirror and stainless steel accents. A second floor suite houses Dr. M D Marr in three rooms.
MENTIONED IN THIS ARTICLE
Higbee’s
Elmer A. Higley
M. D. Marr
Labor Racketeers Targeted as Chicago Union Is Struck
Illinois Federation of Labor revoked the Cafe teria Employee union Local 716 charter at police request. Police said the group was dominated by John Gibson a former convict. The move is part of a secret police squad effort to purge hoodlum leadership from Chicago organized labor.
MENTIONED IN THIS ARTICLE
Chicago
Illinois Federation of Labor
John Gibson
James Allman
Organized Labor
Weber promoted to head John Hancock St Paul office
Rudy W. Weber, district manager for John Hancock Mutual Life Insurance in Cedar Rapids since 1931 and former Cedar Rapids Life Underwriters president, is promoted to head the St Paul district office. Joseph F. Swearingen will assume the Cedar Rapids successor role. Weber and family will remain at 254 Twenty-fourth Street Drive SE until a move.
MENTIONED IN THIS ARTICLE
Rudy W. Weber
John Hancock Mutual Life Insurance Company
Cedar Rapids
Cedar Rapids Life Underwriters
St Paul
Weber
Joseph F Swearingen
Cleveland
St. Paul
Patricia Ann
Rudy, Jr
Twenty-fourth Street Drive
Threlkeld's Agency Wins Coveted Trophy
R M Threlkeld's Cedar Rapids agency of American Mutual Life Insurance Des Moines won the 1940 President's trophy for outstanding agency building. It may be the first time a trophy has been won by an agency in a city under 300,000. The trophy will be presented at a Cedar Rapids Country club dinner next Thursday by Threlkeld and company officials.
MENTIONED IN THIS ARTICLE
R. M. Threlkeld
Cedar Rapids
American Mutual Life Insurance Company of
Des Moines
Cedar Rapids Country Club
Threlkeld
Bank Clearings in Cedar Rapids Fall From Last Week
Bank clearings in Cedar Rapids last week totaled 1155334.42 dollars, a drop from the prior week but a clear gain against the same week a year earlier. For the week ending August 10 the total was 1434894.30 dollars, while the year ago figure for August 19 stood at 1005433.31 dollars.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Chicago Grain Quotations Furnished by Lamson Brothers
Lamson Brothers provides Chicago grain quotations with H. R. Mowrey directing the Cedar Rapids office from 503 Merchants National Bank building, offering quotations and market updates through their brokerage service and telephone line 2-3141.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers and Company
H. R. Mowrey
Cedar Rapids
Merchants National Bank
Confesses Sand Sabotage On American Vessel West Notus
J Edgar Hoover announced Keawe Kamakela a 35 year old Hawaiian confessed in New York to putting sand in the engine bearings and oil of the S S West Notus at Port Gamble Washington on September 27 He was a crew member of the vessel at that time He was to be moved to Seattle for trial FBI lab tests linked sand from beneath his fingernails to the sand in the bearings No damage occurred two barrels of sand were kept in the engine room for fire prevention purposes
MENTIONED IN THIS ARTICLE
Washington
J. Edgar Hoover
Keawe Kamakela
New York
S. S. West
Port Gamble
Wash
Hoover
Federal Bureau of Investigation
Kamakela
Seattle
FBI
West Notus
Bishop Stoddard Co Renews Incorporation
Renewed articles of incorporation authorize 250 000 in common stock to be issued as 25 000 shares of 10 par value each. The company may run a general restaurant business and related enterprises. Incorporators Cyril L Kegler Dolph A Huene Sam Park Joe Glenn Ray L Triplett Cyril R Sanborn form the board with E L Wilson as assistant secretary treasurer.
MENTIONED IN THIS ARTICLE
Dempsy Jones
Bishop-Stoddard Cafeteria Company
Cyril L. Kegler
Cedar Rapids
Dolph A. Huene
Sam Park
Des Moines
Orpheus Submarine Feared Lost Off Britain
The 1 475 ton submarine Orpheus with a crew of 50 is overdue and feared lost by the admiralty. It would be the fourteenth British submarine declared lost, with sisters Odin and Oswald recently listed as lost.
MENTIONED IN THIS ARTICLE
London
Orpheus
Admiralty
Odin
Oswald
Woman Kills Self Struck by Train Over Fear of Blindness
In Belleville Illinois Pauline Loza, 62, sat by a Louisville and Nashville line on Saturday and stepped into an oncoming train. A purse note read I care for life too much to be going blind. Deputies found the message after the tragedy.
MENTIONED IN THIS ARTICLE
Belleville, II
Pauline Loza
Louisville
Second Suspect In Crime To Surrender
LOS ANGELES police announced the surrender of a second gangster tied to the Thanksgiving Eve Hollywood killing of a former Lepke Buchalter associate. Harry Segal said through lawyers he would turn himself in Monday while a third gunman remains sought. A separate line notes Ohio’s buckeye nickname.
MENTIONED IN THIS ARTICLE
Los Angeles
INS
Hollywood
Louie “Lepke
Buchalter
Benny
Bugs” Siegel
America
Harry “Champ” Segal
Monay
Harry Schachter
Lepke
Stocks End Week On Firmer Note Amid Low Turnover
Stocks closed the week firmer despite very light turnover of 110000 shares. Industrials led gains with 0.70 point rise to 121.98 while utilities gained 0.13 to 21.63 and rails up 0.10 to 26.27. U.S. Steel and other blue chips rose, Du Pont jumped over 2 points at intraday high, aviation and oil shares edged higher, and grains recovered from jitters while cotton fell. Willkie accepted the Republican nomination after the close, with no immediate market impact.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
JONES
Weoene
Eae Ap
Uno
Wee
Wendell L. Willkie
York
U. S. Steel
Bethlehem
National
Republic
du Pont
Westinghouse
Standard of
New Jersey
Sears Roebuck
Owens Glass
Eastman Kodak
Procter and Gamble
Report Shows Business Conditions Improve Over Last Year
July consolidated business report from the Chamber of Commerce Industrial Bureau shows gains across multiple indicators. Payrolls rose to 5,790 in July from 5,202 in July 1939 and 5,624 in June this year, with increases in new car sales post office receipts telephones bank debits building permits and utilities. While building permits dip to 212 from 263 a year ago, the permit value rises to 256 026 ahead of June and July 1939 totals, and other metrics show higher activity in car loadings clearings debits electric usage and gas consumption.
MENTIONED IN THIS ARTICLE
Industrial Bureau of the
Chamber of Commerce
Trends of Business and Corporate Earnings Summary
The Dominion bureau of statistics reports week ended Aug 10 Canada carloadings at 52317 versus 53261 prior week and 44054 year ago. Federal Reserve board estimates week ended Aug 10 show department store sales up 8 percent from year ago, vs 5 percent prior week. Allied Mills fiscal year ended June 30 net profit 1393939 or 171 a share, up from 1301578 or 137 last year. Federal Motor Truck six months ended June 30 net loss 127637 vs 124826. Hudson Motor Car Co June quarter net loss 965954 vs 876891 year ago. Illinois Central R R six months ended June 30 net loss 1759375 vs 1548312. Neisner Brothers six months ended June 30 net profit 76993 or 10 cents per share vs 122585 or 31 cents. Union Pacific R A Co six months ended June 30 net income 3858664 or 84 cents per share vs 2936535 or 42 cents.
MENTIONED IN THIS ARTICLE
Dominion Bureau of Statistics
Federal Reserve Board
Allied Mills, Inc
Federal Motor Truck Company
Hudson Motor Car Co
Illinois Central R. R. Co
Neisner Brothers and Subsidiaries
Union Pacific R. A. Co
U S tea imports exceed 100 million pounds
For the fiscal year ending June 30 the United States tea imports reached 102,460,201 pounds, a 17 percent rise from the previous year, according to Tea Bureau Inc. This marks the second time in two centuries that imports surpassed the 100 million pound threshold.
MENTIONED IN THIS ARTICLE
New York
United States
Tea Bureau, Inc
Cedar Rapids Miscellaneous Prices and Produce Listings
Market items listed for Cedar Rapids include grain prices for wheat oats rye corn soybeans hay and straw along with poultry prices and wholesale fruits vegetables and meats. Entries cover lemons oranges grapefruit celery lettuce onions cabbage tomatoes carrots new potatoes apricots watermelons and livestock prices such as hides Kip and horse rates.
MENTIONED IN THIS ARTICLE
Michigan
Also Mentioned on This Page
Wall Street
Sam
U. S
Cash Grain
Montana
Minnesota-South Dakota
Ted
Winniteg
The
Associated Press
Maryland Fund
Mass
Te Weteere
Eee
New Ensian Fund
Nor Am Tr
Trustee Ltd
St Ou
Naomi Doebel
Owen
Wes Panek
Ford
Howard J. Church
George Boone
Elwood
Strong Man’s
Iowa
the Gazette
Owa
Central States Elec Co
Central States Elec
Piday
Cherri-Burrell Co Common
Nu First Ave. Holding Co
Roosevelt. Hotel
Honeymonad Products Co
Town Land & Ride
Seriat Ag
Iowa Electric Co
Iowa Towa Electric Co. Electric Co
Iowa Electric
Towa Electric
Interstate Power Co
Towa Public Service
Iowan Public Service
Neem Utilities Co
Southern Utilities Co
Ta Southern Utilities Co
lin_ Southern Utlities Co
John Hancock St
Lept
May Ste Eee
Aoe
Dee
Bishop-Stoddard Co
Train
Ohio
United Press
General Business
Corporation News
Central States Electric Co
Iowa Electric Light and Power Co
United Light and By. Co
A. G. Heim
Roosevelt Hotel
Bidz
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