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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 22, 1937
Page
32
Wholesale and retail activity showed signs of improvement across multiple regions with summer softness fading. The Commerce Department noted gains in several cities, power production hit historic highs, and freight carloadings rose while auto output declined as model year production wound down.
New York, INS The market closed the week with a modest rebound after five straight declines. Industrials bottomed July 28 lows while rails and utilities edged up. Steel, copper, amusements led gains of 1 to 3 points amid low turnover and technical buying.
In Atlanta Georgia a vendor named Mie Ree King reported a pair of strangers asked for three ice creams and paid with four of the so called Treasury of Heaven notes. He received $485 in change and later learned a draft on the notes was discussed. Secret service agents issued a city wide warning but said no counterfeit risk was found and the case centers on possible cheating and swindling charges.
Jefferson City Missouri state public service commission weighs approval of replacing Missouri Pacific freight service in southeast Missouri with truck routes. The proposal, opposed by rail unions and truckers, is an innovation in the state.
A historic fire escape described as a ladder with a canvas tube was designed to attach from a window to the curb and, via a ratchet, be taut for ascent and descent. It could pass goods or people to the ground and when not in use reel away. Approved by New York City Buildings Superintendent six years ago. The article also notes a marble factory producing over a million marbles daily.
Patrick LaVelle and wife transfer to Margaret W D Collins right of way of C R and Iowa City R R in section 14-83-7. Pearl Funkey and husband to Joseph and Rebecca Cliffer deeds for 30 feet of lot 4 block 9 Well His 2 Add C R. Amos A Elderkin to Elizabeth M Elderkin warranty deed of 17 of lot 2 block 2 WCR formerly Kingston. J E Isham and wife to Belle L Crane warranty deed part of lot 1 block 37 Org Town Central City. Mary A Reagan and husband to Rose F M Farrell warranty deed of lots 20 21 and west 12 feet of lot 22 in Vanderbel now Fairfax. Liltan E Bargar to Rose F M Farrell warranty deed lots 20 21 and west 12 feet of lot 22 Vanderbilt now Fairfax. Leo T Farrell to Rose F M
A sequence of real estate deeds shows multiple transfers and mortgages. Entries record Farrells, Larsen, Smiths, Beattys, Hoovers, Hoadleys, Taits, Warrens, Wagners, and others conveying lots, blocks, and land tracts in towns including Vanderbilt Fairfax Marion and nearby areas. Transactions include $1 consideration, valcon allowances, and first mortgages, with references to roads and county gravel pits and various grants and excisions.
Ellsworth Palmer of the Cedar Rapids Automobile club says Congress extends federal auto excise taxes for two years, forcing motorists to pay about 700 million more in taxes. He charges the tax continuation lacks justification and violates promises of temporary wartime measures. Palmer notes AAA and clubs will campaign for repeal, arguing fairness for nine million car owners.
Chicago receipts and shipments show steady to uneven activity across produce lines. Idaho early varieties including Triumphs and Burbanks command higher washed prices while unwashed stock and dipped ends face lower bids, with regional notes on California Washington and Nebraska offerings and varying demand levels.
New York prices show mixed readings for eggs and cheese with steady dressed poultry. Butter and live poultry receipts are noted, with price trends described as unchanged or firm for certain items.
Wheat prices edged up about one cent a bushel in a quiet rally from seasonal lows as traders weighed export sales of around 700000 bushels and potential Soviet wheat output. News of possible government action on the corn loan policy and rains in key producing areas supported early gains, while Russia’s 1937 surplus remained a moderating factor.
Summary of several corporate and industry results including Associated Dry Goods sales up 9.7 percent for 13 weeks ending July 31, Atlas Corp assets per share 18.17 at July 31, and various dividend announcements from Black and Decker, T B Klemert Rubber, and others along with profit and loss reports for Hudson and Manhattan R R Intercontinental Rubber Minnesota Power and Light and Pig Iron American and Steel Institute figures and Press Steel Car June quarter net profit.
Elmer Eickelberg Iowa State College graduate student reports corn sugar canning applications may boost Midwest production. He notes dextrose preserves flavor, lowers sweetness, and helps firm fruit. factors like heating time and acidity control color and texture.
The Gazette Cedar Rapids Iowa notes that the quoted prices are not firm bids but indicate price ranges from recent transactions. Readers interested in unquoted issues should contact the financial editor for details.
Berlin reports claim the Soviet Union owns about 6,000 first class planes. Former Col. Rudolph von Xylander says Russia's air force could drop about 1,500 tons of explosives in five flights, a WWI scale. He cites peace-time Red Army strength at 1,650,000 with 150,000 trained veterans and 70,000 border troops, plus thousands of guns and 6,000 to 10,000 tanks.
In South Africa ostrich racing draws crowds as trained birds pull in races against each other with young native boys serving as jockeys, showcasing a unique sporting attraction.
In Gaylord Michigan bears from the Pigeon River CCC camp avoid pigs as food and instead push pigs aside to eat at the trough. The report notes several bears regularly visit a pig pen but show no appetite for pigs.
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