Cold Weather Boosts Spending As Year Ends Strong
Shivering shoppers boosted demand for heavy clothing and a last week surge filled stores. Wholesale buyers restocked for January while manufacturers kept output steady despite a Christmas shutdown. Economists warn against heavy stockpiling with consumer power uncertain as war and politics loom. Industrial activity remained high though steel mill output slipped, and foreign orders for tools and airplanes rose. Electric power hit a record peak while railroad carloads declined modestly.
MENTIONED IN THIS ARTICLE
York
Indus
1939 Stock Transfers Smallest Since 1923
New York AP reports 1939 stock transfers in full lots reported on the ticket totaled 42,015,799 shares, the smallest total since 1923. Comparisons show 1938 at 297,385,059 shares and 1937 at 409,453,910 shares.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Committees Named by Cedar Rapids Real Estate Board for 1940
W. Roy Harger, new president of the Cedar Rapids Real Estate board, announces the 1940 standing committees. Appraisal includes J J Wagner and others. Arbitration lists Hedges and Bauder. Entertainment features West and Hedges. Ethics and standards lists Ely Em ery and others.
MENTIONED IN THIS ARTICLE
W. Roy Harger
Cedar Rapids Real Estate Board
John J. Wagner
Howard B. Helscher
Bruce A. West
Malcolm V. Bolton
C. P. Myers
Harry T. Hedges
A. G. Bauder
F. W. Engberg
M. Doolittle
Henry Ristine
Howard Jones
C. M. Hatfield
Glenn A. Strick
John I. Wagner
O. P. Myers
Paul H. Bedell
Stanley C. Stookey
Oscar H. Lundquist
Harold R. Corwin
John H. Winn
Charles Burmeister
Wm. P. Grunewald
Paul F. Nissen
C. H. Birch
Horace G. Hedges
S. A. Pardera
Benjamin Tait
Cedar Rapids Bank Clearings Rise In 1939
Cedar Rapids 1939 bank clearings topped 62 million dollars, up from 58.1 million in 1938, a gain of over four million. The Cedar Rapids Clearing House reported 62,180,346 for the year with debit totals to be released. Weekly figures show year end totals near 952 thousand for the week ending Dec 30 versus 1.071 million a year earlier. Christmas week clearings reached 1.304 million.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Cedar Rapids Clearing House
Salada Tea Company Credits Advertising Success
Edgar Pinto vice president and business manager of Salada Tea speaks at a Chicago sales convention. He notes the firm organized in 1892 and credits newspapers with driving steady growth and holding a leading position in the American tea trade. He pledges newspaper advertising as the backbone for 1940. Newspapers offer broad distribution across communities nationwide.
MENTIONED IN THIS ARTICLE
Edgar Pinto
Salada Tea Company
Palmer House
Chicago
Pinto
Salada Tea
America
United States
Science Miracles Mark Ten New Years of Thirties Progress
Science in the Terrific Thirties delivered rapid discoveries and developments in medicine aviation chemistry and materials. New cures synthetic fibers plastics big bridges and steamships plus atom exploration and vitamins defined a decade of extraordinary advance.
Cherry-Burrell Corp Reports Yearly Profit Gain
Cherry-Burrell Corp reports fiscal year to Oct 31 increasing net income to 458 068 dollars or 87 cents per share from 445 810 dollars or 84 cents. Taxes amount to 270 000 dollars equal to 77 cents per dollar paid as dividends. London unit Cherry Burrell Ltd expands facilities due to wartime controls and will buy two distributors in San Francisco and Los Angeles cash payment.
MENTIONED IN THIS ARTICLE
Chicago
Cherry-Burrell Corporation
Walter L. Cherry
Cherry-Burrell, Ltd
London
San Francisco
Los Angeles
Local securities price range guide from Cedar Rapids Gazzette
The Cedar Rapids Gazette lists not firm bids but observed price ranges for bonds and stocks. Entries include Central States Power Co 5 1057 85 66, Iowa utilities series 35 542 185, Bronx City Gas and Electric Co 145 99, Interstate Power Co 765, Western Grocer Co common 613, and Rath Packing SE 103.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Iowa
Central States
Piterstate Power Co
Towa Public Service Co
Tows Bouthert Utilities Bertes
Town Southern & Utilities Series
Nets
Town Southern
Utiilties’ Co
Town University Stadium
Menial
Bronx City Gas & Elec. Co
Watetigo
Central States Pr. & Lt. Corp
4Th Interstate Power Co
Town Southern Utilities Co
Southern Utilities
I Rath Packing SE
Bronx City
Oras & Else, Co
I Western Grocer Co
Wastern Grocer Co
Central States Elec Co
Golding Roosevel
Towa Elec
Pr. Co
United Lt. ,& Pr
Ate United Lt. & Pr
Ate United Lt. & Pr. 612 19074 . 44. Betsa7's United Lt. & Pr
United Lt. & Ry
Maine
Dela Ware. Ae
Ceytral
States
Elec. Co
Central’ Bate
Siee. “Co
Iner-teean
Towa Elec. Co
Towa Elec, A
Biase Etree Lows Elec
P QT National LaPlant Choate Mig. Co
Gs United St. Oats Common
Y Ae United Lt. & Ry
Week's Most Active Stocks Increases On Tax Selling Rally
Stocks moved forward through the weekend amid a new tax ruling by the United States Department of Revenue allowing selling without clearing transferred certificates as in prior years. The action lifted the general index to a yearly high and suggested a year end rally into January barring adverse congressional legislation.
MENTIONED IN THIS ARTICLE
United States
Germany
England
France
Associated Press
United States Department of Revenue
Congress
25 000 Mile Telephonic Anniversary Hookup
Heinz company marks its seventieth anniversary with a 25000 mile telephonic hookup linking 70 banquet halls across North America. Howard Heinz presided from Pittsburgh as 3000 workers dined there and responses came from New York Toronto and Berkeley. He praised employees for the company’s longevity and urged faith in American potential and future co operation.
MENTIONED IN THIS ARTICLE
Atlantic
Pacific
Rio Grande
Howard Heinz
H. J. Heinz Company
Heinz
United States
Canada
Mr. Heinz
Pittsburgh
New York City
Toronto
Berkeley
Calif
Rock Island
Carloadings Show Gain Here in 1939
Cedar Rapids carloadings rose in 1939 over 1938 with 36 471 outbound and 35 873 inbound shipments in the 12 months December 1938 through November 1939. The gain totals 1891 outbound and 642 inbound cars led by larger shipments of road building machinery soy beans processing and grain movement.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Harry F. Sundberg
Chamber of Commerce
Markets At A Glance From United Press
Stocks narrowly mixed in quiet trading as bonds show irregular moves and governments ease slightly. Curb and Chicago stocks mix higher while Chicago livestock stays nominally steady. Foreign exchange firm against the dollar. In Chicago grains, wheat and corn rise about 4 percent.
MENTIONED IN THIS ARTICLE
U.S
Chicago
Wheat Market Ends Year Higher On Chicago Board
The wheat market closed the year on a rising note at the Chicago board of trade with May delivery at about 1.041 a bushel. Light trading and limited selling pressured prices upward as houses for milling interests led the buying. Other grains also posted gains with soybeans up around 24% cents and Winnipeg futures mixed amid Buenos Aires holiday and dry conditions in the Midwest. Cash wheat quoted at No 3 yellow hard and weevily around 1.03 per bushel, with corn and oats higher and rye and soybeans advancing.
MENTIONED IN THIS ARTICLE
Chicago
INS
Chicago Board of Trade
Winnipeg
Buenos Aires
Real Estate And Mortgage Reports In Linn County
Conveyances and mortgages recorded in Linn county from December 22 to December 26 as reported by Linn County Abstract Company show 44 conveyances and 25 mortgages totaling 56036.50. The corresponding week last year tallied 45 conveyances and 60,175.00 in mortgages.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Newcomers Rent Homes In Cedar Rapids Area
New residents from Washington D C Mr and Mrs Waiter C Ana walt move to Cedar Rapids renting 1038 Sixteenth Street NE from Carl Edda Marion through Tait and Wagner Co Another renter Andrew Kokesh Rock Island railroad employee moving from Des Moines takes 1529 C Avenue NE via Tait and Wagner Co Mrs Carolyn Corwin owns 1530 Bever Avenue SE and Herman C Helms moves from Lincoln Nebraska to manage Kaiser Truck Service taking 1530 Sixth Avenue SE from Charles Hynek rental via Fred FE Collard and Co
MENTIONED IN THIS ARTICLE
Waiter C. Anawalt
Cedar Rapids
Washington, D. C
Sixteenth Street
Carl Edda
Marion
Tait and Wagner Company
Anawwalt
Andrew Kokesh
Rock Island Railroad
Des Moines
C Avenue
Carolyn Corwin
Bever Avenue
Herman C. Helms
Lincoln
Neb
Kaiser Truck Service
Sixth Avenue SE
Charles Hynek
Fred FE. Collard and Company
Bids Open for Springville School Equipment
Bids for classroom desks equipment for the Springville school will be opened January 13 at 2 pm in the new school building board rooms. The bids cover domestic science room equipment stages playground and gymnasium.
MENTIONED IN THIS ARTICLE
Springville
Mark Anthony
Year End Stock Move Surprises Wall Street On Dec 31
Wall Street closed modestly higher after a 660000 share two hour session the heaviest Saturday turnover in two months. Steel and auto shares showed mixed results with Bethlehem Steel and U S Steel weaker or unchanged while Allied Chemical rose. Oil stocks like Texas Corp advanced but General Motors and Chrysler posted fractional losses or little change.
MENTIONED IN THIS ARTICLE
Wall Street
Theiis
York
Bethlehem Steel
Youngstown
U. S. Steel
Allied Chemical
U.S. Gypsum
Uneion Pacific
Chrysler
General Motors
Texas Corp
Standard of New Jersey
Building activity and business changes in East Iowa towns
McGREGOR William Kessler of Wauzeka and I J Vaughan of Prairie du Chien plan to open a meat and grocery business in the Bergman building Jan 3. Manchester construction begins on a 3000 dollar processing plant for Keen ice cream and locker storage, with completion slated mid January. Tipton A S Peterson buys Leibsohn hardware, Leonard Mayes stays as clerk. Martelle Mr and Mrs Wilmer Larson sell their cafe to Glen Crew of West Liberty, who move in Jan 1.
MENTIONED IN THIS ARTICLE
McGregor
William Kessler
Wauzeka
Wis
I. J. Vaughan
Prairie du Chien
Bergman
Kessler
Vaughan
United States Navy
Manchester
T. D. May
John A. May
Martelle
Wilmer Larson
Bobst
Glen Crew
West Liberty
Larson
Claflin
Start Excavation This Week For New Boiler Building
Excavation for the new Town Electric Light and Power Company boiler plant, costing about 900000 dollars, will begin next Tuesday or Wednesday under the O F Paulsen Construction company which holds the contract for excavation foundation and footings. Work on the walls will wait about two months after foundation work starts. The foundation was delayed until the old smokestacks were razed and a temporary one erected. The second smokestack fell Friday night.
MENTIONED IN THIS ARTICLE
New Town
Probationary Member Elected to Cedar Rapids Real Estate Board
Julian A. Smith, employed by Malcolm V Bolton and company, has been elected to probationary membership in the Cedar Rapids Real Estate board.
MENTIONED IN THIS ARTICLE
Julian A. Smith
Malcolm V. Bolton and Company
Ceedar Rapids Real Estate Board
Also Mentioned on This Page
Smith Reavis
Messinger & Sons
First Avenue
Salada Tea Co
Masa Invest Treee
New England Fund Saaeene
Ares
Cherry-Burrell Corp
Local Securities
Iowa Securities
New York Central
Southern
United Corporation
General Electric
Edison Ee
United Air Lines
Int. Tel
Socony Vacuumee
Col
Bennett & Co
Merchants _ National Bank
Heinz Co
Lamson Brothers and Company
H. R. Mowrey
Merchants National Bank
Jan Ee Sdt
United Press
DOW Jones
Aturda
Wheat
Real Estate and Mortgage Reports
A. G. Heim Roosevelt
Cedar Rapids, Yowa
Cedar Rapide Fainting CO
W.T. Sands
Second St. NE
DIAL
E. Cohn and Sons
3Rd St
9Th Ave
Sahara
Adilee
Thea
Robert Ss
Avenue St
Second Street
ED Soboda
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