Nation's Retail Trade Near Records As Industry Slows Slightly
U S industrial activity eased from peak levels while retail trade held near record highs helped by higher wages and farmer income. Railroads foresee a mild upswing, auto plants push for January output, and the aircraft sector expands with unfilled orders. The AP index shows output at 109.3 percent of 1929–30 average, with capacity use around 84.8 percent.
MENTIONED IN THIS ARTICLE
Jack Frost
York
Associated Press
Federal Reserve Board
Detroit
John Drabelle to Show Color Film on Firing in Chicago
John M. Drabelle of Cedar Rapids will present a color film and paper on firing methods at the Midwest Power Conference in Chicago at the Palmer House April 9 and 10. The talk titled Stratification of Gases in Coal fired Furnaces includes film taken in Cedar Rapids Des Moines Waterloo and Boone.
MENTIONED IN THIS ARTICLE
John M. Drabelle
Cedar Rapids
Palmer House
Chicago
Drabelle
Iowa Electric Light and Power Company
Des Moines
Waterloo
Boone
American Institute of Mining and Metallurgical Engineers
Armour Institute of Technology
Midwest Power Conference
Week's Most Active Stocks Shows Market Weakness
The week on Wall Street saw continued selling and slowing business. Heavy industry led liquidation while many specialties held firm. Steel declines suggested a possible rally if the anticipated downturn remains limited. The market neared oversold levels with stop loss protections in place. The 12 most active stocks follow.
MENTIONED IN THIS ARTICLE
Wall Street
Bank clearings dip in Cedar Rapids during cold spell
Week ending January 20 Cedar Rapids bank clearings totaled 1 107 611 56 dollars down from 1 128 375 57 the prior week. Compared with the same week in 1939 the drop was larger with 1 184 215 13 dollars recorded for the week ending January 21.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Chicago cash provisions and grain prices listed
Chicago cash markets show no sales for wheat with bids missing. Corn prices range from 59 to 76 cents for various grades while oats and beans display mixed quotes around 38 to 59 cents and 1.12 dollars respectively. feeds and alfalfa listed with nominal top values.
Grain and commodity prices from Montana markets
The list shows eSOAs and Montana hard and dark hard durum prices with protein content, No 1 grades, and various per cent yields. It includes corn No 3 yellow prices and mixed market quotes for white and amber durum amid uncertain OCR readings.
MENTIONED IN THIS ARTICLE
Esoas
Montana
Ted
Garson
Stocks And Bonds Of Interest In Eastern Iowa
Eastern Iowa investors scan a field of quotations not as firm bids but price ranges. The listing includes Central States Electric Co notes, Iowa Electric and Public Service issues, Inter Ocean Securities, Quaker Oats, packing, rail and utility stocks, plus Dow Jones closing averages for context.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Iowa
Central States Elec. Co
Elec. Co
Cherry-Burrell Co
First Ave. Holding Co
Roosevelt Hotel
Ei Renernees Products Co
Inter-Ocean Securities Corp
Iowa Land & Bidg
Iowa Electric Co
Iowa Electric Lt
Iowa Public Service
Dopenere, _— Co
Southern A Co
Southern Utilities Co
Ae ‘ Nt
Tip
Iowa University Stadium
Cae Caente Mig
LaPiant-Choate Mig
Link Belt Co
Penick & Ad
Th Packing Co
Ath Packing Co
Ae Light & Rys
Trends of business report highlights 1939–40 outputs and profits
The January trends report shows December cigarette output at 12.80 billion units, large cigars 331.2 million, and tobacco products 21.09 million pounds. snuff 2.97 million pounds. Canners League notes tomato shipments up 11 percent and sales up 9 percent. Canadian carloadings rose to 46,575. Department store sales rose 4 percent year over year. Utilities and industrials report mixed results including Dominion stats, American Cities Power & Light net assets and unrealized depreciation, Central States Electric a 1939 loss, Dome Mines profit estimate, and Pere Marquette rail income. United Wall Paper shows strong 6-month orders and December orders.
MENTIONED IN THIS ARTICLE
General Business Bureau of Internal Revenue
Canners League of California
Dominion Bureau of Statistics
Federal Reserve Board
American Cities Power & Light Corpn
Central States Electric Corpn
Dome Mines, Ltd
Canada and Soviet Russia Lead Fur-Trapping Battle
Canada and Soviet Russia emerge as top rivals to the United States in the fur trapping sector, signaling intense competition among nations in this industry.
MENTIONED IN THIS ARTICLE
Canada
Soviet Russia
United States
Hogs Cattle and Sheep Prices Mixed in Chicago Trade
Hog sales total about 1000 head with 190 to 240 lb averages $5.40 to $5.60, top quotable at $5.75. cattle offerings around 100 with calves scarce and cows at $4.00 to $6.50, vealers up $1.00. fat lambs and yearlings 15 higher, lambs at $8.00 to $9.25, ewes around $4.25 to $5.10.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Grain Quotations Furnished by Lamson Brothers
Grain quotations provided by Lamson Brothers and Company via Chicago service. H R Mowrey oversees Cedar Rapids office at 503 Merchants National Bank building for regional updates.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers and Company
H. R. Mowrey
Cedar Rapids
Merchants National Bank
Nine Institutions In C R Authorized To Make FHA Loans
Nine Cedar Rapids financial institutions are approved mortgagees to negotiate FHA loans per a letter from O H Brandt Iowa FHA director. The list includes Peoples Savings Bank First Trust and Savings Bank Guaranty Bank and Trust Inter Ocean Reinsurance Merchants National Bank National Life Insurance Perpetual Savings and Loan Tait and Wagner United States Bank. FHA inspectors must approve the property and the loan is carried by the approved mortgagee with the housing administration as guarantor.
MENTIONED IN THIS ARTICLE
Cedar Rapids
O. H. Brandt
FHA
Des Moines
Brandt
Peoples Savings Bank
First Trust and Savings Bank
Guaranty Bank and Trust Company
Inter-Ocean Reinsurance Company
Nickel iron castings aid Mt Palomar telescope mirror
About eight tons of 36 percent nickel iron alloy castings were used to build the support structure for the Mt. Palomar Observatory’s new 200 inch telescopic mirror in California.
MENTIONED IN THIS ARTICLE
Mt. Palomar Observatory
California
Credit Sales Rise Faster Here Than National Average in Cedar Rapids
December saw Cedar Rapids credit sales up 4.8 percent from a year earlier, above the national 3.4 percent gain. City collections rose only 2.5 percent versus a national 3.2 percent increase. Four large Cedar Rapids stores posted a 5.8 percent average gain, per R. E. Walker of the Cedar Rapids Retail Credit Association.
MENTIONED IN THIS ARTICLE
Cedar Rapids
United States
R. E. Walker
Linn County Supervisors Proceed at January 1940 Meeting
Linn County Iowa held its January 9 1940 board session with all supervisors present. Actions included desk purchases from Morris Sanford Co and 1940 workers compensation insurance to Iowa Mutual Liability. road district filings for Putnam and Otter Creek townships. county auditor authority to draw warrants on the Widows Pension Fund. court orders and estate actions. and multiple departmental and public service approvals including county farm and coroner reports and a large list of quarterly claims and reimbursements.
MENTIONED IN THIS ARTICLE
State of Iowa
Iowa Mutual Liability Insurance Company
Cedar Rapids
Iowa
Seevell
Petty
George A. Kiouda
Putnam Township
J. H. Norbohm
Otter Creek
Beeson
Widows Pension Fund
Code of
Superior Court
Millie Coon
Alice Aper
Margaret Ferreter
Julia Fisher
Edna Patton
Irene Willits
Thomas Powell
Supervisor Beeson
Supervisor Petty
Sor
Oliver
I Sein
Bessie
Let
Amin
Sie
Ain S
Jane Donough
Segmens W
Sth
Ave
South Ota
Wilson
Louise Miner
Joseph, Jr
Mary Sue
Coggon
Delaware
Prank
R. PF
S Camork
Clarence Leverich
Ed Hidder
Pervisor Beeson
Linn
A. R. Jordan
Clara Fellows
F Dean
Fermen
Pesenen
Olive E Wa
Tevertiens Seevell
Tober
Deavine
Sury
Aye” Taraan
Dean
Rapids
Aton Gudzus
Linn County
Ray C. Coutts
Anton
Rosie Gudzus
Board of Supervisors
Code of Iowa
Stocks Close Irregular In Short Saturday Session
The market ended irregular and listless after a brief session with only a few high priced stocks and select issues moving. Volume totaled 270000 shares as B M T issues hit year highs and Standard Gas drew heavy interest amid an SEC market inquiry.
MENTIONED IN THIS ARTICLE
New York City
Standard Gas Securities
SEC
York
INS
Real Estate And Mortgage Reports From Linn County
Conveyances and mortgages recorded Jan 12 to Jan 18 as reported by Linn County Abstract Co show 29 conveyances and 2 mortgages totaling 106 586.27 with another 53 831 37 in mortgages. Steel production declined at major centers while department store sales rose 4 percent year over year as market activity shifted.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Furether
Pittsburgh
Youngstown
Westinghouse
duPont
Union Carbide
Bethlehem
GE Names Howard K. Smith to Head Commercial Research
General Electric promotes Howard K. Smith to manager of the commercial research division of the appliance and merchandise department in Schenectady New York. Smith, a Cedar Rapids native and University of Chicago graduate, previously led the statistics division in GE’s accounting department.
MENTIONED IN THIS ARTICLE
Howard K. Smith
Cedar Rapids
General Electric Company
Schenectady
N. Y
Smith
Martha Smith
Twenty-sixth Street Drive
Devere N. Smith
University of Chicago
Markets Report From Chicago Produce Market Trends
Chicago market notes show butter unsettled at 588 173. eggs firm at 6 557 with graded extras. potatoes on track with Idaho Russet Burbanks mostly 1.80 to 1.90 per cwt and Nebraska Bliss Triumphs washed 1.75 to 1.95. Supplies moderate, demand slow or steady. mixed quality lines and new stock forthcoming.
MENTIONED IN THIS ARTICLE
Chicago
Market Report of Egg Butter and Cheese Prices
New York AP market notes show egg prices mixed by grade with fancy to extra fancy at 25c per dozen and standards around 23c those figures, firsts at 22 4c, seconds near 21 2c, mediums at 20 9c, dirties irrelevant. Butter steady to firm with creamery prices higher for extra and firsts around 30 31 4c and seconds near 27 4c. Cheese prices steady with state whole milk flats held at 20 c and 22c, fresh 18 18 9c.
MENTIONED IN THIS ARTICLE
New York
Futures Summary From Lamson Bros Market Report
Furnished by Lamson Bros and Co. Everears 2004 price 29.05. Mare 50 eggs refrigerator standards January 17.45 February 16.44. Wheat May 86.44 July 87.40 October 8.50.
MENTIONED IN THIS ARTICLE
Lamson Bros
Everears
DeNio Named to Northwestern National Life Honor Roll
E W DeNio a Minneapolis life insurance agent has been placed on the honor roll of Northwestern National Life Insurance for 1939 in recognition of his sales record. The honor roll honors top producers across 32 states.
MENTIONED IN THIS ARTICLE
E. W. DeNio
Cellar ‘Rapids
Northwestern National Life Insurance Company of
Minneapolis
Also Mentioned on This Page
Smith Reavis
Bureau of Agricultural Economics
Milwaukee
National Retail Drygoods Association
John Drabelle
Betty Tubb
Edinburgh
Scotland
Britain
Inces
S. Steel
General Motors
Radio Corp
New York Central
Edison
Republic Steel
Chrysler Motors
Jas. E. Bennett and Co
Merchants _ National Bank
W. H. Jump
Res. Mgr
The
United Press
Corporation News
C. R
Cirate Trust
Maryland
Nor Amer
Eadecese
Nor Am Tr
Linn County Board OF Supervisors
the Board OF Supervisors
sOh
District Court
Beesor
J. Fieming
M. Weatherbee
Maine Township
Onde Frank Merritt
Buffalo Township
Son
Fierselief Commission
Linn County Farureau
Linn County Farm Bureau
Ton Biperviser
Sunn
Martin Nenee
Carrimor Scraper
Martin-Roasa
Joseph
M. Rengar Adams
Albaush
Jennie
Albaugh
Baldwin Frank B. Treas
Beebe
H. Fox
Beshears
W.H
Briney
W J
Brooks
Anna
Frank B
Burkholder Marvin
Biecgkis Co
N.ames Ag
Cael
Ofc
E F. Nursing
iddick-Eastman Lbr Co
Mary
Geo R
Mt Vernon Hawkeye Record
Mt Vernon Hawkeye
Modern Bakery
Mercy Hosp
McEnany
Margaret
Urran Ellen
Craey
Ares J. Sol
Fox
Door Aid
Workie
Saaleorm
Heverly
Wedoee Co
Umiston
Hedges Co
Alice M
Sal Holden
Hubbard Fee and Fuel Co
O'Seer
Harvey
Hedlund
Ren
Hubbard
Medges
Ackson
Johnsto Mare
Jones
Elwain
Uley Becca
McMuffin Freda
McShane
Nora
Igre
Natbert
al Nichols
Novak
Ag Poor
Newcomb
Oomas
Poot
Nufrs
Nolan
Norris
Phillips
Mede
Poor
Phelps
Savs & Loan Assa
Sol
Paseka
Mayme
Pioneer Litho Co
Otis
Pivonka
McCalley
McDowell
James
John
Litho Co
Pratt
Frank
Pionee Wirtner
Vernon
Wm Wrigley
Jack Younce
Wa Auer
Ake Ries
Ana Baker Saad
Tanney Omongog
Sccce
Anderson
Tom
Rose
Gertrude
Poneste
Virginia
Sramek
Josephine
Stodola
J L
Stempfile
Sprague
Simon, Frank
Sands, WT
Star Printing Co
Dog Books
Stusak Mkt
Maint Fund
Sunshine Mission
Stocker
Stirm
Tribune Pub Co
Treas Books
Thompson
Kari
Tewalt
Perle
Troy Laundry C. Ct Hs
Tehel. Yrank
Terry-Durin FF Co
Rprs
Usher
W W. Poor
Vernier. Co
Whiting
Sneven
Jee
Pekiaen
Eplew
Pranks
Thos
Puller
Avon
Fuller
Clellan
Glass
Robert
Green
Lewis
Halstead
Willis
Tevias Vaeded Nanaes Oa
Kasner
Theo
Kruse, Orval
Lee
Charles
Real Estate and Mortgage Reports
General Electric Co
A. G. Heim Roosevelt
Cedar Rapids Fuel CO
DIAL
ED Sobo
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