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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 31, 1939
Page
27
Shivering shoppers spur retail and wholesale gains as cold spell drives purchases of warm wear. Year end optimism mixed with caution on stockpiles and future demand as forecasters note sustained activity in industrial output and machine tool orders amid global tensions.
W. Roy Harger announced the 1940 standing committees for the Cedar Rapids Real Estate Board. Appraisal includes J J Wagner and others. Arbitration lists Hedges and Bauder. Entertainment features West and Hedges. Ethics and Standards lists Ely and Em ery. Farm Land Appraisal lists Cravens and Finney. Legislation includes Bolton and Bauder. Multiple Listing Bureau includes Myers and Lundquist. Membership lists Winn and Grunewald. Public Enterprise lists Hedges and Griffith. Publicity includes Yuill and Ulch. Taxes and Assessments lists Clark and Ely.
Cedar Rapids bank clearings topped 62.19 million in 1939, a gain of over four million from 1938. Cedar Rapids Clearing House data shows 62,189,346 for the year versus 58,119,03 in 1938, with weekly totals for late December 951,902.47 and 1,070,907.68 the prior year. The Christmas week total was 1,303,789.18.
The wheat market closed the trading year on a rising note at the Chicago board of trade with May delivery bids around 1.04 5/8 dollars as demand from milling houses and cash buyers supported gains. Other grains also rose while Winnipeg and Buenos Aires markets showed mixed moves and weather in the southwest remained dry.
The listing presents cash provisions for wheat corn and soybeans with varying prices for No 1 mixed and No 2 yellow corn, No 2 white oats, and No 3 oats, along with rye barley soybeans and seed timothy clover red clover red top alfalfa and other forage prices. It notes weights measures and nominal ranges for various seed grades and forms.
The final session of the year saw a surprise stock market activity with a $60,000 share turnover over two hours, the largest Saturday session in two months. The market rose in the forenoon but finished irregularly, with all averages up yet many leaders closing lower and no news to spark trading ahead of the New Year holiday.
McGregor and Manchester report new business openings and a 3000 dollar meat processing and storage plant under construction in Manchester. A. S. Peterson buys Leibsohn hardware. Larsons sell cafe. Crews acquire Bobst building cafe.
New York AP reports 1939 stock transfers on the New York Stock Exchange in full lots totaled 15,799 shares, the smallest since 1923. Comparisons show 1958 7,385,059 and 1937 409,453,9106 shares for the preceding two years.
Edgar Pinto vice president of Salada Tea spoke at a Chicago sales convention detailing the company’s rise since 1892. He attributed steady growth to consistent newspaper advertising and announced it would back bone future sales efforts with ads nationwide. Newspapers offer wide, thorough distribution across American communities.
Science throughout the Terrific Thirties kept producing cures, new aircraft, atomic exploration, vitamins, synthetic fibers, plastics, larger bridges and ships. The decade’s rapid discoveries defined an era with a flood of breakthroughs and advancements.
Cherry Burrell Corp reports net income for the year ended Oct. 31 at 448,068 dollars, 87 cents a share, up from 445,810 dollars or 84 cents. Taxes of 270,000 dollars equate to 77 cents per dollar paid to common stockholders. London unit Cherry Burrell Ltd enlarges facilities and plans cash acquisitions of two distributors in San Francisco and Los Angeles.
The Sottowins quotations are not firm bids but reflect a range of recent dealings. Readers with interest in issues are advised to consult the financial editor at The Gazette Cedar Rapids Iowa for specifics and updates.
A compressed listing of utility, gas, and power companies across Iowa and neighboring regions. It references Interstate Power, Southern Utilities, Central States Power, and Western Grocer Co among others, noting stock marks, series numbers, and city mentions such as Waterloo and Sioux City. The fragmentary text presents corporate names, percentages, and catalog-like entries without coherent narrative.
Stocks advanced despite ongoing tax selling under a new ruling by the United States revenue department allowing selling without clearing transferred certificates. The gain fueled a yearly high in the general index and suggested a year end rally into January, barring unfavorable congressional action as the new session begins.
Howard Heinz chaired a 25 000 mile telephone hookup linking 70 banquet halls across the United States and Canada to celebrate Heinz’s seventieth anniversary. Pittsburgh workers dined in Heinz Auditorium as Toronto New York Berkeley and Rock Island guests joined the observance via long distance. Heinz praised employees for the company’s longevity and urged faith in future expansion and world cooperation.
Grain quotations for Chicago are provided by Lamson Brothers and Company with H. R. Mowrey listed as manager of the Cedar Rapids office at Merchants National Bank building. The notice includes a contact phone number 2-3141 for further quotation details.
Cedar Rapids showed higher rail traffic in 1939 with 36 471 outbound and 35 873 inbound carloadings from December 1938 to November 1939. Increases of 1 391 outbound and 642 inbound cars reflect bigger shipments of road building machinery soybeans processing and grain.
Newcomer Rentals reports Walter Anawalt and Andrew Kokesh rent two Cedar Rapids area homes. Anawalt moves from Washington DC to 1038 Sixteenth Street NE and works as a Cedar Rapids post office clerk. Kokesh, from Des Moines, rents 1529 C Avenue NE. both leases arranged by Tait and Wagner.
Stocks were narrowly mixed in quiet trading with bonds uneven and U S governments slightly easier. Curb stocks and Chicago issues showed irregular gains while Chicago livestock held steady. Foreign exchange remained firm against the dollar as grains in Chicago rose about four cents on wheat and corn.
Conveyances and mortgages recorded in Linn county for December 22 to December 28 summarized by Linn County Abstract Co. Include counts of conveyances and mortgages and total mortgage amounts. This week shows mortgages totaling 56036.50 versus last year at 60175.00.
Bids for school equipment will be opened January 13 at 2 p.m. in the new school building. Mark Anthony, architect, says bidders may bid on classroom desks domestic science room equipment stages playground and gymnasium items.
Excavation for the Iowa Electric Light and Power boiler plant will begin next Tuesday or Wednesday, with O. F. Paulsen Construction handling excavation, foundations, and footings. The $900,000 project faces a two month wait before wall construction due to delays from removing old smokestacks. a temporary stack was erected after the second stack collapsed Friday night.
Julian A. Smith, employed by Malcolm V. Bolton and company, has been elected to probationary membership in the Cedar Rapids Real Estate board.
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