Sluggish Business Across Sectors Despite Steel Bright Spot
The AP survey shows the national business picture weak with unemployment rising. Steel production rose to 32.7 percent capacity from 29.8, while electricity, carloadings, and auto output declined. Retail trade eased. some cities posted mild gains, others losses, with February output forecast down about 45 percent from a year earlier.
MENTIONED IN THIS ARTICLE
Ward
Association of American Railroads
Edison Electric Institute
New Car Design Suggestions Seen From Auto Officials
Detroit AP reporting on state motor vehicle administrators evaluating design ideas for next year’s models. They favor improved driver visibility, adjustable seating, lower hood lines, and seat position changes to reduce accidents while debating safe speeds and alternative features like eye level steering wheels and divided windshields.
MENTIONED IN THIS ARTICLE
Detroit
Charles A. Harnett
New York
Regional Bankers Meet in Des Moines Shake Up
Orval W. Adams of Salt Lake City now leads the American Bankers Association and plans a public forum at the Des Moines regional meeting. Cedar Rapids representatives will attend as ten states participate, with Adam Bennion delivering the keynote on banking openness.
MENTIONED IN THIS ARTICLE
Orval W. Adams
Salt Lake City
American Bankers Association
Des Moines
Cedar Rapids
Iowa
Nowa
Illinois
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Wisconsin
Wyoming
Adams
Bankers’ Public Forum
Shrine Auditorium
Adam S. Bennion
Utah Power and Light Company
Home Insurance Firms Open New Cedar Rapids Offices
The Ace Mutual Insurance association and the Directors Mutual Insurance association move from Des Moines to 407 Iowa Theater building Cedar Rapids. Harrington Buck leads both firms with plans to base operations in Cedar Rapids. key staff include Paul Light N F Arnold E V Gaines Fred M Hagen and Isabella Rhea. The two companies offer automobile insurance through Ace Mutual and fire coverages via Directors Mutual with an agency force of 600 across Iowa.
MENTIONED IN THIS ARTICLE
Ace Mutual Insurance Association
Directors Mutual Insurance Association
Des Moines
Iowa Theater
Harrington Buck
Directors Mutual
Ace Mutual
Cedar Rapids
Paul Light
N. F. Arnold
E. V. Gaines
Fred M. Hagen
Trans-Oceanic Airways ship hauled for first test run
Rivals for a new ocean transport are shown at the Martin air ship factory in Baltimore. The huge craft rests on its beaching gear ready for launch into Chesapeake Bay. It features a 157 foot wingspan, 91 foot length, and sleeping accommodations for twenty six passengers.
MENTIONED IN THIS ARTICLE
Martin Airship
Baltimore
Chesapeake Bay
Furniture Industry Begins Sixth Year Of Steady Expansion
The January 1938 furniture market shows early buying and steady expansion into the new year. Dealers report immediate delivery on orders, inventories in balance, and overall retail sales for 1937 up about 15 percent from 1936, with production gains around 18 percent and total value near 507 million dollars. Seidman & Seidman note comparable growth patterns to 1936 after a 1935 base, while Dun & Bradstreet details the January 1937 market and 1937 Grand Rapids and Chicago shows.
MENTIONED IN THIS ARTICLE
Dun
Bradstreet
Wall Street
Roosevelt
Commerce Department
New York
Boston
Philadelphia
Cleveland
Chicago
St. Louis
Kansas City
San Francisco
Deoit
Pittsburgh
Milwaukee
Dallas
Seattle
New Orleans
Atlanta
Seidman & Seidman
Dun & Bradstreet, Inc
Grand Rapids
Bank clearings drop after storm week in Cedar Rapids
Bank clearings in Cedar Rapids fell sharply due to inclement weather for the week ending January 29. Total clearings reached 798,449.59 dollars versus 1,127,969.99 dollars the prior week, and 1,041,915.56 dollars in the corresponding week of 1937.
MENTIONED IN THIS ARTICLE
Cedar Rapids Clearing House
Occupies New Building By Lone Tree Garage
John Stettler moves his garage equipment into Midway Oil’s new service station on the former De Voe home site. The old attic garage will store used cars while the cement block building with cream and black terra cotta fronts serves the business.
MENTIONED IN THIS ARTICLE
Lone Tree
John Stettler
Midway Oil Company
de Voe
Copper markets drift as futures hold near steady levels
Market notes show copper futures trading around 10.00 and 9.87 for export, with nearby futures at 40.37 and indicators for metals like aluminum and antimony. The brief mentions steady pricing and ongoing tests, reflecting quiet activity in the copper market.
MENTIONED IN THIS ARTICLE
Nes Ia
SuIckatver
Uae
New Traffic Chief for Northwestern Bell Cedar Rapids
W. S. Ladegaard of Dubuque named traffic chief of the Northwestern Bell Telephone Company operating department in Cedar Rapids. He succeeds M. O. Waterman, who will head the traffic office for Burlington and nearby towns.
MENTIONED IN THIS ARTICLE
W.S. Ladegaard
Dubuque
Northwestern Bell Telephone Company
Cedar Rapids
M. O. Waterman
Burlington
Lectures On Piano Teaching Methods At Cedar Rapids
Mrs Benita Carter composer of educational piano books will present three lectures on teaching methods keyboard harmony and harmonic and interpretive analysis of contemporary piano music. The Hill Brunner Music company offices Cedar Rapids Iowa host the event with no admission charge. Sessions begin February 7 8 and 9 at 930 am. Registration requested.
MENTIONED IN THIS ARTICLE
Hillbrunner Music Company
First Street
Cedar Rapids
Benita Carter
Local Securities Quotations Signal Price Ranges
The following quotations are not firm bids but show price ranges of recent transactions. For interest in nonquoted issues, contact the financial editor at The Gazette in Cedar Rapids, Iowa.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Jowa
Iowa Securities and Bonds Summary of Utilities and Stocks
Iowa securities list shows bonds and stock quotes for Interstate Power Co and public service entities, with rates and series numbers. Utilities such as Iowa Southern Utilities and Waterloo Cedar Falls North Iowa lines are cited, alongside Western Grocer and Sioux City Gas Electric. The page records rates like 8% and 6% for various issues, plus series years 1957 1958 and 1925 1935, with miscellaneous prices and percent yields.
MENTIONED IN THIS ARTICLE
Central
States
Interstate Power Co
Towa Public Service Co
Public Service Co
Idea
Iowa Southern Utilities
Towa
Southern ‘Utilities
Iowa Mautherss ‘Utilities “Co
College Ames
Ows
University ‘Windium
Bidl
Olly ‘Gas A Klee. Co
Waterloo
Cedar Palis
North- Iorn
Nivel
Gove
Ath Packing Co
Sioux City Gas Ds Eloc. ‘Co
Eatern Grocer Co
Western Grocer Co
What It Means The Holding Company Debate
The piece explains holding companies as entities that own controlling interests in other firms to pool capital and coordinate management. It notes potential abuses like pyramiding profits and excessive subsidiary charging, cites laws on integrated holding structures, and discusses cases with United States Steel and A T T while acknowledging differing views on efficiency versus misuse.
MENTIONED IN THIS ARTICLE
Ashington
Topsy
Fop Holding Corporation
Tin Pan Alley
Insull Utility Group
Supreme Court
United States Steel
American Telephone and Telegraph
Federal Communications Commission
Penny Material Misnomer Refers to Bronze Alloy
A common misconception labels the penny as copper, but the coin’s composition is primarily bronze. The historical change in metal makeup means modern cents are not pure copper, affecting minting and durability considerations.
Battle For International Flying Trade Is Starting
The 1938 transatlantic air race gathers pace as two new American airlines vow to challenge Pan American. American Export Airlines plans survey flights this summer with regular service in a year, aiming to carry 200 passengers on giant flying boats. Glenn L. Martin and unnamed partners also eye larger faster transatlantic craft to enter the field. Pan American foresees six 50 passenger Boeing flying boats by spring and calls for 3 to 24 planes capable of 100 passengers on 5,000 mile non stop routes to Europe and London in about 12 hours.
MENTIONED IN THIS ARTICLE
Nleveland
Pan American
Cleveland
American Export Airlines, Inc
New York
Atlantic Air Trade
Europe
James M. Eaton
Glenn L. Martin
Pioneer
Department of Commerce
Atlantic
Newfoundland
Ireland
Bermuda
Azores
J. Carrol Cone
Atlantic Division
Boeing
London
Export Steamship Company of
Mediterranean
Black Sea
Eaton
Export Steamship Lines
Also Mentioned on This Page
Thomas E. Flanagan
Associated Press
American Iron and Steel Institute
David J. Wilkie
Plane Atlantic
Ureaco
Local Securities
Ec Central States
Irat Avenue
Seeeerenace
Oose
Pr. Co
Towa Elec
Owa Land
Seria United
V& Pr
United Lt
United Lt & Fr
Delaware
Bishop
Central States
Rec
Flec
Ewe Elec
Elec
LaPlant Choate Mfc’ Co
Vsi
Iowa Securities
BY Morgan M. Beatty
Device Ie
Save With Life Insurance
Leo G. Ulich
THE
Mutual Life Insurance CO
American Trust
Vite Insurance Co
America
Tion
Gazette
Mile Whipple Agency
Insurance and Bonds
Dial
U. S
Paul Friggens
Pan American Airways
Pacific
British Imperial Airways
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