Revival in steel production boosts business and retail
Observers report a revival in steel output and modest recovery in other sectors as 1937-Week activity shifts toward the new year. AP index sits at 74.1 with mixed conditions, New York retail strong, Chicago uneven, and Dun & Bradstreet noting an encouraging January so far.
MENTIONED IN THIS ARTICLE
Associated Press
MA ‘Eries
Commerce Department
Usea
New York City
Chicago
Dun and
Bradstreet
New Orleans Foreign Trade Best Since 1932
New Orleans reports its 1937 foreign trade valued with exports and imports totaling 350 70 000, marking its best showing since 1932. Governor Richard W. M. says preliminary estimates indicate strong gains, aided by reciprocal trade agreements boosting commerce with Latin and South American nations. Coffee sugar cocoa oil and other principal imports come through the port.
MENTIONED IN THIS ARTICLE
New Orleans
New York City
Wefe
Richard W. M
Stocks Make First General Gain In Month
New York AP reports the stock market closed the first week of 1938 with its first general advance in over a month. The Associated Press average rose 1 point to 46.6 in two hours as industrials led gains, aided by recalls at Chrysler and Ford and a mixed outlook from motor and steel issues.
MENTIONED IN THIS ARTICLE
Edison Electric
Middle Arctic
West Central
Pacific
Central Indust
New York
Exva
Wall Street
Erie
Reconstruction Finance Corporation
Baltimore and Ohio
Associated Press
Chrysler
Ford
General Motors
U. S. Steel
Bethlehem
Anaconda
Kennecott
Westinghouse
U. S. Rubber
Sears Roebuck
Santa Fe
New York Central
American Telephone
Paramount
Senate
Chicago
Linn County Real Estate Conveyances and Mortgages Report
Linn County abstracts record 51 conveyances and 28 mortgages from Dec 31 to Jan 6 with total mortgage value of 127,435.50 dollars. The same week last year showed 42,750.00 dollars in mortgages.
MENTIONED IN THIS ARTICLE
Linn County Abstract Company
Linn County
Eeasnageens
Local Securities Price Range Indicated for Recent Transactions
The notice lists various securities with price ranges as guidance for potential bids and offers. Readers are invited to contact the financial editor at The Gazette in Cedar Rapids for quotes on issues noted, including Iowa utilities and railway stocks, with emphasis on non firm bid indication.
MENTIONED IN THIS ARTICLE
Gasette
Cedar Rapids
ONDS
Linn County Supervisors Cite Tax Credits and Dole Out Aid
Proceedings show homestead tax credits approved for C Murry Barbara Barton and William Thomas Cedar Rapids, with authorizations to cancel credits for 1937 on several parcels and a long list of poor relief payments and clerical adjustments to aid recipients and providers across Cedar Rapids and surrounding areas.
MENTIONED IN THIS ARTICLE
Phillip A. Wolff
Seevell
Robovsky
Forest Hill
Cedar Rapids
Iowa
Ghail E. Trimble
Hull
V. Briden
Wellington Place
Back to Work Move Under Way in Automobile Plants
Chrysler recalls 55,000 workers to begin Tuesday operations after December 23 curtailment. Hudson plans an $11 million investment to start a new low price car and boost workers from 6,000 to 12,000 in weeks. Ford Rouge plant aims to recall most of its 87,000 by January 17, GM has not announced recall timing for 30,000 laid off.
MENTIONED IN THIS ARTICLE
Chrysler
Ford and Hudson
Detroit
Chrysler Corporation
Hudson
Hudson Motor Car Company
Ford Motor Company
Mammoth Rouge
Dearborn
Rouge
General Motors Corporation
Automakers face mass layoffs amid Detroit work hiatus
Homer Martin, United Auto Workers president, told the senate unemployment committee that about half of Detroit auto workers are laid off. Remaining staff work only 12 to 24 hours per week. GM employment is 161,000 versus a 1937 high of 220,000. Chrysler 15,000 vs 80,000. Ford 50,000 at River Rouge versus a top 90,000.
MENTIONED IN THIS ARTICLE
Homer Martin
United Automobile Workers of America
Senate Unemployment Committee
Detroit
General Motors
Chrysler
Ford
River Rouge
Wheat Prices Jump In Late Trading On Chicago Board
The wheat market rose sharply in late dealings on the Chicago Board of Trade with May up to 97% cents, July and September higher, and a total export sale of 750,000 bushels. Winnipeg futures also advanced, foreign buyers active, and corn mixed as rains in Argentina curbed gains. Oats, rye, and soybeans followed smaller moves reflecting overall grain strength.
MENTIONED IN THIS ARTICLE
Chicago
INS
Board of Trade
Winnipeg
Winnipeg Market Wheat Prices and Chicago Cash Provisions
Market notices show Winnipeg wheat closes near May and July values with mixed futures and Chicago cash provisions listing varied grades for wheat, corn, oats, beans, barley, timothy, and clover seed. Prices include No 2 yellow, No 3 white, and sample rates. barley and other seeds appear with multiple bid levels.
Markets Update Chicago and New York Live Poultry Prices Held
Live poultry counts show three trucks and steady prices. Dressed poultry, butter receipts, and eggs in Chicago show unsettled creamery standards and unchanged prices while potato arrivals remain on track as U S shipments steady. New York reports mixed egg receipts with varied price levels and butter higher than earlier, with refriger ator stock and standard packs noted.
MENTIONED IN THIS ARTICLE
Hicago
Ciicaco
Chicago
API
U. S
NEW York Producee
New York
Life Insurance Pays Out Billions in 1937 Wealth Trend
O Sam Cummings of the National Association of Life Underwriters reports that 1937 saw life companies pay out 3.0 billion dollars, 60 percent to living policyholders and 40 percent to beneficiaries. New insurance placed totals 15 billion, with 64 million Americans owning policies worth about 110 billion.
MENTIONED IN THIS ARTICLE
United States Legal Reserve Life Insurance Companies
Pismi
O. Sam Cummings
New York
National Association of Life Underwriters
Cedar Rapids
Mr. Cummings
Life
Europe
United States
U. S
United States Legal Reserve Life Insurance
Cummings
Legal Reserve Life Insurance
GM Sales Dip in December but Up for 1937 Overall
World GM car sales in December fell sharply from November and December 1936 figures. For 1937 total GM sales rose 3.9 percent versus 1936, with US consumer sales and dealer shipments showing mixed declines and a small annual gain overall.
MENTIONED IN THIS ARTICLE
New York
General Motors Corporation
United States
Canada
Local Men Attend Insurance School
Fourteen men from the F. W Darling agency of Bankers Life will attend the Bankers Life national school of instruction to be held Tuesday and Wednesday at Edgewater Park Miss. Names include F. W. Darling W. J. Nezerka R. S. Pick ford J. H. Nemec L. L. Fow Jer Cedar Rapids W. H. Deppey Maquoketa G. L. Halgren Vinton H. C. Portwood Davenport A. J. Stoltz Sterling IL M. L. Dowden Waterloo Walter Sharnberg Bellevue Kenneth Fisher Marshalltown H. E. Miller DeWitt and W. F. Roberson Iowa City.
MENTIONED IN THIS ARTICLE
F. W Darling
Bankers Life Company
Bankers Life Company National School of Instruction
Edgewater Park
Miss
F. W. Darling
W. J. Nezerka
R. S. Pickford
J. H. Nemec
L. L. Fow
Jer
Cedar Rapids
W. H. Deppey
Maquoketa
G. L. Halgren
Vinton
H. C. Portwood
Banks Hold Annual Meetings This Week
Annual meetings of four local banks are scheduled this week with Guaranty Bank and Trust at 2 p.m. Merchants National Bank and First Trust and Savings at 3 p.m. People's Savings at 4 p.m. United State Bank meets Monday at 7 30 p.m. The article also notes cadmium can substitute for tin in babbitt bearings up to 570 degrees Fahrenheit.
MENTIONED IN THIS ARTICLE
Guaranty Bank and Trust
Merchants National Bank
First Trust and Savings Bank
People’s Savings Bank
United State Bank
Metals Market Steady As Copper Tin Lead Zinc Hold
In New York the electrolytic copper spot and futures trade around 10.50 to 11.00 with Port at 10.3242. Tin remains steady with spot and near term at 423.1255. Lead unchanged with East St. Louis and New York quotes near 4.88 to 4.90. Zinc and other metals show little movement with antimony at 15.622 and iron aluminum quicksilver platinum and wolframite unchanged.
MENTIONED IN THIS ARTICLE
New York
Siew. York
Outlook Promising In Furniture Industry
Grand Rapids secretary Charles F. Campbell of the Grand Rapids Furniture exposition says the furniture industry looks most promising in months. He notes buyers at the November show plan heavy purchases at the January show, after a period of low sales and a weak market.
MENTIONED IN THIS ARTICLE
Grand Rapids
Charles F. Campbell
Campbell
Child with feather phobia refuses fowl meals at home
In Lorain Ohio, 4 year old Joanne Kathryn Todarello avoids feathers and will not eat any fowl meat due to a feather phobia. The parents report the condition has existed since she was a baby. Separately Minneapolis reports wheat receipts and grain quotations with several grade categories and prices.
MENTIONED IN THIS ARTICLE
Lorain
Rocco Todarello
Joanne Kathryn
Todarello
Statement of the Condition of Peoples Savings Bank Cedar Rapids 1937
The report lists assets and liabilities for Peoples Savings Bank of Cedar Rapids Iowa as of December 31 1937. It details loans and discounts bonds and securities banking house furniture and fixtures due from banks cash items interest earned total resources capital stock surplus undivided profits taxes reserves and various deposits including individual savings time and demand deposits plus trust funds.
MENTIONED IN THIS ARTICLE
Banking House
Capital Stock
Also Mentioned on This Page
Thomas E. Flanagan
Ward
Association of American Rail &Ds
Las
Umber Co
Igh
First Street SE
Real Estate and Mortgage Reports
Local Securities
Setefern
Thooserels
Elec
Lt. & Pr. Co
Isa St
Ut. & Pr
Tee
Iowa Elec. Co
Iowa Lands& x
United Lt
Sts
United
Ig Fe
I . United
Roe United Te
Iowa Securities
Towa Public Service Co
Towa Public Service Go
Tories
Ceilese
Iowa Aid
Wtadiun
Interstate Power
Towa Public Service
Maux City Gas & E ‘Co
Iit Si Witarias
Qoise Bos Aarie
Central Bistes Pr. & i. Corp . Intecatate
Power Ce. Iene Routhern Petes
Linn County Board OF Supervisors
Oo Wencil
Fox ‘Altfillisch
J W
Allicks Gros
A & P Tea Co
Adams Elmer
Beng Elec Co
Poor Anthony Food Shop
P Tea Co
Assbass Teenieans
Brigus Elmer
Fox Bounty Baker Paper Co
Buehler Bros
Baxley
Olive
Bickford
Georgia
Birch Chase
Bankers Trust Co & M J
Eee
Carpenter
Crago James
Carney Rose
Artha
Ake
Fillenworth Frank
Fowler Mary Jane
Fenner Dr C L
Faulkes
F W
Peiereisen Chas
Greenawalt
Graves Owen
Grunewald
Grand Hotel
Goodridge
Tom
Goodlove
Kenneth
Fox Bounty
Gazette Co
Haegg Roofing Co
Heether Ewman
Wenderson
Lucy
Hart Sam
Hughes Theresa
Chehak Mile
Pusrene Hart
Anna
Caldwell Willard
Carpenter Groc
Central Hotel
R Gas Co
Conway & Co
Conway & Co J P
Culkin
Sarah
Duster Bros
Dow
Davis Dairy Co
Dickey L O
Darden H G
Deanpharlel
Fox Duster Bros
Drexler R P
Day Grover
Dickey A V
Fox Bounty Davids Groc
Eby Moray IL
Elliott Earl J
Hronek
Milo
Fis Badegaats Home Coal Co
Hills Jos D
Sup
Kramers Groc
Kirkpatrick Mrs Gee
Koss Mary
Kouba Anna
Kasper Bessie
Kortson John
Sol Rel
Krejci Bros
PTOV
Klinsky Groc
Weiacoraleys
Leibsohn Food
Shale Spree Theirs
Leibsohn Food MS
Mounce Hubert,fox Bounty
Med-Dent Bus Bureau
Messner
Nellie B
Mt Vernon Ave
Morrissey Wm
Visser
Sol
Myers
Marcus K
de Mitralsky Groc
Poor
Montrose
Charlotte P
Martin-Roasa Tractor & Equip Co
McDonald Ralph
Fox
McKinley Groc
Gowan Margaret
Nena & Son
Tel Co
Boulder Dam
Colorado
Imperial Valley
California
Arizona
Michigan
Lamson Brothers & Co
Owney
ATCA
Sehen
Ss Company
Peter Pax Son
Merchants National Banke
Telephone
Vaoy
Ste
Linn
Eneee
Ceeeeeneee
Cceeeeeeae
JUNG
Associated Fress
Maryland
Super Corp
Ustilaf Vie
Mass Invest
Jnsuren
John B. Heidel
Shepherd Agency
Rational Life Insurance Co
Mentpolies
Vermont
Cofer Besiée
ABC
Ol Bualmesa
Jasen
Cedag Rapids Savings Bank
Mile Whipple Agency
Insurance and Bonds
American Trust
Minneapolis
Montana
The
Peoples Savings Bank
O Linn
Ene
State of Iowa
Frank C. Welch
T. R. Warriner
Paul H. Huston
Denise Wa Pundermnechts Jr
Panek
Frank C. Mekota
WM. Rinderknecht, JR
Frank O. Mekota
E Nnates
Ervin F
Asaiatansfer