Mixed week for U S business sector signals uneven recovery
The Commerce Department survey shows retail trade mixed with gains in many large areas but notable weak spots due to hot weather vacations and drought. Auto output declined as models changed while freight carloadings fell slightly and steel and electricity reported robust activity.
MENTIONED IN THIS ARTICLE
Associated Press
Department of Commerce
Cram
American Iron and Steel Institute
Edison Electric Institute
Mexico trip reveals Indian dignity and crafts
The writer praises Taxco and Cuernavaca, extols Mexican Indians as dignified and joyful, notes stunning silver work and crafts, and discusses labor law progress under President Cardenas, strikes, education, and a growing socialist presence amid optimism for roads and schools.
MENTIONED IN THIS ARTICLE
Cardenas
Muin
Russia
Toledano
Bankers Acceptance Market Remains Quiet
Bankers acceptance market remained quiet with rates quoted at 3-16 percent for 30 60 and 90 days and 5-16 percent for 120 days. Commercial paper showed moderate activity with little change around 4 to 1 percent. Time money and call money held at 1 percent for maturities up to six months and were unchanged.
MENTIONED IN THIS ARTICLE
New York
Stock Trading Saturday Leads Rail Stocks Higher on Gains
The Friday to Saturday session saw rails push ahead with gains in the final hour aided by earnings and traffic growth. The Associated Press average rose 0.2 to 68, rails up 0.8, utilities up 0.1, while transfers reached 618,350 shares.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Borg Warner
New York Central
Southern Pacific
Baltimore and Ohio
Lackawanna
Atlantic Coast Line
Southern
Bethlehem
Murray Corp
Plough Inc Reports 20 Percent Sales Rise on Ad Increase
Plough Inc and subsidiaries show six month profits before taxes of 217 245.24 up from 180 306.23 and earnings per share 64 cents on 300 000 shares versus 61 cents on 257 148 last year. Sales rise 12 percent aided by more than 100 percent increase in newspaper advertising led by Abe Plough. A reserve of 75 000 is set aside for contingencies. Plough manufactures St Joseph aspirin Penetro Moroline and other remedies.
MENTIONED IN THIS ARTICLE
Department of Agriculture
New York Stock Exchange
U. S
Morgenthau
Federal Reserve
New York
Chicago
St. Louis
San Francisco
Plough, Inc
Abe Plough
St. Joseph
Quiet Cotton Market Shows Little Movement This Week
New York reports a largely quiet cotton market as hedge sales depress prices by 11 to 16 points. Traders await private crop estimates due next week with forecasts suggesting a 1 million bale drop from August 1. Weather news amid drought areas offers mixed support.
MENTIONED IN THIS ARTICLE
New York
Oklahoma
Liverpool
Chicago
1937 Auto Designs Add Room and Style Across Models
The 1937 car floor plans increase wheelbases by several inches and widen bodies over fenders to add comfort as buyers enter higher price brackets. Twelve cylinder models gain emphasis with smoother power, while hood lines stay continuous with hinges at the cowl. Floating body concepts and redesigned door hardware signal a shift toward a more tailored, lower overall height without sacrificing headroom.
MENTIONED IN THIS ARTICLE
General Motors Corp
Linden
N. J
Alfred P. Sloan, Jr
Europe
Packard Motor Car Company
Detroit
Mrs Davidson Dies at Mechanicsville
Mrs Mary Eliza Davidson died Saturday noon after a night stroke. Born November 24 1858 in Rock Island County Illinois she married George Davidson in 1881 and lived on a farm before moving to Mechanicsville. Survived by two sons Harry and Roy Lucille a daughter four grandchildren and four great grandchildren. Funeral Monday 2 30 pm at Presbyterian church Rev A R Osborne to officiate burial Rose Hill Mausoleum.
MENTIONED IN THIS ARTICLE
Mechanicsville
Mary Eliza Davidson
Rock Island County
Ill
Richard
Nancy Jackson
George Davidson
Roy
Laurens
Harry
Lucille
John Jackson
Cedar Rapids
Will
Richard Jackson
Martha Davidson
Presbyterian Church
A. R. Osborne
Rose Hill Cemetery
Grains Rally as Wheat and Corn Climb on Saturday
Chicago noontime reports show grains recovering after Friday losses with wheat up about 2 cents a bushel and corn gaining 2 to 3 cents from early lows, aided by short covering and firmer Western Canadian wheat. Oats and rye follow the trend while barley slips. provisions move modestly. Close values reflect mixed strength across wheat, corn, and other grains with European markets weak.
MENTIONED IN THIS ARTICLE
Chicago
Winnipeg
North America
Railroad Bonds In Demand Again
In New York the bond market saw railroads lead gains with 20 issues up 0.1 point to 94.7, a yearly high for the third straight session as demand remains strong. Other sectors were steady with light U S government activity and weekend profit taking. Transfers totaled 5.325 million par. several rail issues posted modest to strong advances while foreign dollar bonds stayed quiet but steady.
MENTIONED IN THIS ARTICLE
New York
U. S
Associated Press
Baltimore and Ohio
St. Paul
Erie
Great Northern
Lehigh Valley
New York Central
Missouri Pacific
Youngstown Sheet and Tube
Utilities Power and Light
Fairfield Company Buys Ohio Concern
Officials announce the sale of Buckeye Jacket Manufacturing plant to Kelvinator of Detroit and the Dexter company of Fairfield Iowa. The two firms will manufacture washing machines.
MENTIONED IN THIS ARTICLE
Fairfield Company
Ohio
New York Customhouse Rates for Delivered Metals
The report lists Saturday prices in cents per pound for various metals delivered to markets including New York, Electrolytic Was export, East St. Louis, and East St. Louis Rampages. Values show limited legibility with several figures and city names distorted or truncated in the OCR.
MENTIONED IN THIS ARTICLE
New York
New "York
East St. York
East St
Auto Makers Embrace Fall Model Changes For Stable Output
Detroit AP report shows auto industry shifting to fall model launches, discarding January shows. Manufacturers say retooling slows production briefly but overall year-round demand sustains employment and keeps assembly lines busy as many cars near obsolescence and need replacement.
MENTIONED IN THIS ARTICLE
Detroit
Automobile Manufacturers’ Association
United States
Also Mentioned on This Page
Steel Worker
Margaret Bourke
Ludlum Steel Co
W. T. Sands
Second St. NE
Dial
Automobile and Fire Insurance “Conscientious Service
AGCY
C. R. Savings Bank
Tull
Mexico
Taxco
Cuernavaca
Mexico City
Dwight Morrow
Tepoztlan
Stuart Chase
Confederation of Workers
Secretary of Education
Diego Rivera
Mexican Light and Power Company
Diaz
California
Walesby
Universal Service Auto Editor
V. L. Dodds Letter Service
Second Ave
Metal Market
Per Fark
David J. Wilkie
Iowa Securities
THE
Ia Electric Co
Iowa
South Ut
South
Savioss Bank
T. Dial
Mile Whipple Agency
Insurance and Bonds
American Trust
Midland Mortgage Company
Merchants National Bank
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