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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 02, 1939

Page

25

War alarms lift copper sales and armament exports

Foreign war warnings push U S copper turnover to a record Friday as nearly 24 000 tons move for foreign account. Aircraft engine contracts valued at 25 009 389 dollars boost arms demand while exports of metal working machinery rubber textiles chemicals and meat rise in early 1939. Farm income edges higher due to government benefits and a brighter outlook. General business sentiment improves though retail slack remains, with wholesale markets firm and the AP index at 88.6.

Great Britain Germany U. S. Army Air Corps Commerce Department

Local permits issued for homes and businesses last week

A list of permits shows numerous new garages and dwellings in multiple streets including 1722 avenue NE 1906 Ninth street SW and 1316 H avenue NE with values from 100 to 9 200 dollars. Projects include reroofing remodels and church additions with firms and residents named such as Clair W Tibbits 1440 Wildwood drive SE and St Ludmila s Church 215 Twenty first avenue SW.

L. C. Biistler 1722 Avenue Robert W Elam Ninth Street SW Ed Strasburger Second Avenue NW Paul P and Mary D. Green H Avenue Clair W. Tibbitts Wildwood Drive Robert Miller B Avenue Eliza Wagley Oakland Avenue Russell Ice Cream Company E Avenue W. C. Hill Longwood Drive George Krieppner N Street W. Howard Moyer First Avenue Stanley A. Nemec Seventh Avenue B. B. Elmore Eighth Street Nellie Dostal Fourteenth Avenue L. F. Dougherty Seventeenth Street W. J. Nemecek Thirty Third Street Emma Kriz Maurice B. Krueger Thirty-second Street A. A. Eyler Hinkley Avenue Robert Fishell Elmhurst Drive A.L. Melsha Mallory Street Frances Jiha Twenty-second Avenue Frances Molly D Avenue St. Ludmila’s Church Corporation Twenty-first Avenue Church C. L. Douglass Knollwood Drive Charles Woodward John Stige Nineteenth Street Alex Sheronick L Street New Commercial Frank J. Smith Thirteenth Street Charles Whittenbough J. F. Vontassell A Avenue NW A. E. Chase Second Street Emma V. Snyder Tenth Street A. R. Menary Sixteenth Avenue Ethel B. George A. Slaby Fifteenth Street Emil Charipar Ed Day Sixth Avenue Anthony Skalsky Ely Avenue SW Jerry Dytert A Avenue NE

Markets At A Glance From United Press

Stocks irregularly higher and quiet. Bonds steady and quiet. U.S. governments lower. Curb stocks irregular, Chicago stocks irregular. Foreign exchange local markets closed. Cotton futures barely steady. Grains in Chicago wheat and corn slightly firmer, unchanged to up about a half cent a bushel. Silver up 1 16 penny in London to 18 1 16 pence an ounce.

United Press U.S Chicago London

First Circular Saw Sparks Early New Orleans Turmoil

In 1803 workers in New Orleans smashed the first circular saw as they feared losing jobs to the new machine, halting lumber work and underscoring early resistance to industrialization.

New Orleans

Wheat Prices Ease After Early Firm Opening

Wheat moved from early gains to losses of up to a cent a bushel after a firm start. Milling demand supported bids before hedging and weather reports weighed on prices. September touched 7 1/4. July at 70 1/2 cents. Corn and oats fell modestly while rye and soybeans slipped. Liverpool markets were firmer on Argentine demand and European tensions. Southwest rains and forecasts of clear belt weather influenced traders. Santa Fe projects 320 million bushels across eleven states, 12 million above June forecast. Export sales seen at 150 000 to 200 000 bushels, mostly Manitobas. Wheat movement in the southwest eased. receipts lighter than last year. Chicago cash grain prices varied by grade. lard and bellies quoted. Minneapolis cash bids showed firm No. 1 hard and durum values.

Chicago INS Board of Trade Liverpool United States Santa Fe Railway Manitobas Southwest Southwestern

Markets in Chicago and New York Produce Reports

Chicago receipts show butter 1,576,280 and eggs 19,997 with no prices. potatoes arrivals 88 and on track 215 with varied U S stock. New York reports eggs pricing, butter receipts 1,157,982 with firm tones, cheese steady. U S government bonds close higher, stocks mixed with notable industrials.

Chicago Mercantile Exchange U. S California Missouri Missouri Cobblers US Missouri Bliss Bliss Arkansas Louisiana North Carolina Cobblers U.S New York Atliec

Week's Most Active Stocks in New York Market

The Danzig crisis triggered heavy selling in the New York market last week. Some buying emerged at weekend, as the decline halted at a logical support level, reducing bearish pressure. The article lists the 12 most active stocks.

Danzig New York

Miller and Sheehy Start New Homes in Local Project

Robert J. Miller and Edward Sheehy begin construction on new houses by McKay Brothers Construction. The Miller home at 1850 B avenue NE will be a modified Georgian white frame design, while the Sheehy dwelling at 2115 Linden drive SE recalls early Jefferson era styles with Greek revival influences.

Robert J. Miller B Avenue NE Edward Sheehy Knollwood Drive McKay Brothers Construction Company Miller Virginia Sheehy Linden Drive United States Thomas Jefferson

Trends of business and corporate results June weekly metrics

Dominion bureau data show car loading 45 366 for the week to June 24, up from 43 888 prior and 43 393 year earlier. Federal Reserve lists countrywide department store sales 3 percent above last year, after a 6 percent week-ago gain. International Railways of Central America reports May net income 77 073 and five months 711 548, with common share earnings of 1.00. International Shoe Co. six months to May 31 net profit 2 824 612 or 0.84 per share, Jewel Tea Co. six months and four weeks show sales around 11.17 million and 1.80 million respectively, up slightly. Teck-Hughes Gold Mines nine months May 31 estimated net profit 1 377 259 or 0.29 a share. Wayne Pump Co. six months profit 409 210 or 1.41 a share. quarter profit 339 771 or 1.17. Dividends include Canadian Bronze Co. 3 75 cents on common Aug 1. Commonwealth Edison Co. 40 cents Aug 1. Transamerica Corp. 25 cents July 31. United Corp. 85 cents on arrears on $3 cumulative preference July 19.

Dominion Bureau of Statistics Federal Reserve Board Corporation News International Railways of Central America International Shoe Co Jewel Tea Co Canadian Bronze Co Commonwealth Edison Co Transamerica Corp United, Corp

Real Estate And Mortgage Reports From Linn County

Conveyances and mortgages recorded in Linn county from June 23 to June 29. Forty conveyances and thirty seven mortgages recorded. Mortgages aggregate two hundred ten thousand six hundred forty three dollars. Compared to same week last year when fifty nine conveyances and forty four mortgages were filed totaling eighty eight thousand two hundred dollars.

Linn County Linn County Abstract Company

Eastman Becomes Chieftain of ICC Under New System

Washington AP reports Joseph B Eastman, key advocate for transport reform, named chairman of the Interstate Commerce Commission under a new three year term. The reorganization also cuts divisions from seven to five.

Eastman ICC Washington Joseph B Eastman Interstate Commerce Commission Commission

Local Agency Leads Central Life Offices

The Cedar Rapids agency of the Central Life Assurance society reported an increase in paid for business volume during May. The report came from Eagle River Wisconsin where the society is holding its agency sales readers annual convention. Local representatives Mr and Mrs W D Moore and Mr and Mrs William F Sarset attend and will return Monday.

Cedar Rapids Central Life Assurance Society Central Life Agencies Eagle River Wis W. D. Moore William F. Sarset

Cedar Rapids Bank Clearings Dip Week Ending July 1

Cedar Rapids Clearing House reports week ending July 1 total bank clearings of 1 009 864 65, down from 1 067 001 21 the prior week and below 1 142 840 for the same week in 1938. Exotic fruits gain attention as Everglades acreage opens to sapodillas avocados mangoes and other tropicals near Miami.

Cedar Rapids Cedar Rapids Clearing House Everglades Miami

Real estate transfers listing multiple Cedar Rapids property deeds

The notice itemizes transfers including Jerry Bys and Rose Roztocil to several parties and others such as Ella Strother to John Hoge and Lee Coy to Walter Roberts. Transactions show joint tenancy provisions, fee simple transfers, and nominal consideration with dates in May 1939. Properties referenced include lots in Ely Cedar Rapids and Kenned Park along with Plat Cedar Rapids and Orig Town Cedar Rapids actions.

Jerry Bys Charles Rose Rottocil Ely Valcon Ella M. Strother John E Laura A. Hoge Charles Roztocil Rose B. Roztocil Lee S Walter W Leola H. Roberts Park Cedar Rapids Winona A. McFarland Ruth G. Snyder Oscar Hf Lenora S. Lundquist Hus Clara Edinger Downing Max Bromwell Orig Town Co. R. Gas Co. (Inc G. D.finnigan Joseph A. Kriz Emma Rousar Joseph A Mary Simon Edward VA. Briden George M. Safford Young Treas Linn County Leslie Anthony Lenox Place

Chicago Grain Quotations Furnished by Lamson Brothers

Lamson Brothers and Company provide Chicago grain quotations with H R Mowrey listed as manager. Cedar Rapids office located at 503 Merchants National Bank building.

Chicago Lamson Brothers and Company H. R. Mowrey Cedar Rapids Merchants National Bank

Rita Rio Orchestra Owner Buys Cedar Rapids Lots

Miss Orrel Johnson of New York City the youthful partner in the Rita Rio orchestra closed negotiations for two Cottage Grove avenue SE lots in Cedar Rapids. She plans a spring home for her parents at 1580 Second Avenue SE. The Linn boulevard corner lots were purchased from Frank Kinch. sale handled by Malcolm V Bolton and company.

Orrel Johnson New York City Rita Rio Cottage Grove Avenue F. C. Johnson Second Avenue Frank Kinch Eighteenth Street Linn Boulevard Malcolm V. Bolton and

Two Leases Made For Business Locations

The Crispy Cream Doughnut Shop owned by Chester Van Hook has taken a three year lease on 406 Third Avenue SE. Malcolm V. Bolton and company acted as rental agent. The building is owned by Hubbard Ice and Fuel company and another lease at 309 Fifth Avenue SE was made to De Luxe Delivery Service. The building at 309 Fifth Avenue SE is owned by Sutherland Dows.

Chester van Hook Danville Third Avenue SE Hubbard Ice and Fuel Company Malcolm V. Bolton

Newcomers Rent Homes as Local Moves Continue

New arrivals include Mr and Mrs Frank D Guerin moving from Chicago into 1807 Blake boulevard SE leased from Perpetual Savings and Loan. Guerin will be chief clerk in the traffic dept of the Chicago Rock Island and Pacific Railway.

Frank D. Guerin Chicago Blake Boulevard Perpetual Savings and Loan Association Guerin Chicago, Rock Island and Pacific Railway Company Fred

Local Securities Price Range Highlights Iowa Issues

A summary of recent quotation activity for Iowa bonds and stocks from Central States Protective & Life alongside utilities such as Interstate Power Co and Town Public Service Co. Prices cited include 5 1957 632 64 in some issues and 10134 1023 for Southern Utilities Series 1950, with notes on preferred and common stocks for Central States, Rath Packing Co, Sioux City Gas and Electric, and Western Grocer Co.

the Gazette Cedar Rapids Iowa Central States Pr. & Lt Interstate Power Co Towa Public Service Co Town Public Service Co Towa Southern Utilities Town Soutert ‘Utilities Southern ‘Counties Co OTS Aonivers Central States Pr Lt. Corp Southern Galites Co Jowa Southern Rath Packing Co Sioux City Gas Western Grocer Co

Stock Market Holds Firm After Mixed World News

A quiet Saturday session saw U S stocks firm with modest gains led by chemicals and building shares. Du Pont Air Reduction and Union Carbide rose. Montgomery Ward expansion news boosted mail orders. National Steel dipped then recovered. Bond market showed strength in Brazilian issues as interest resumed.

du Pont Union Carbide Johns Manville U. S. Gypsum Montgomery Ward Chicago Westinghouse Coca Cola Procter & Gamble National Steel

Building activity and business changes in East Iowa towns

In Manchester several residential property sales closed. Harry Campbell bought Mrs. May’s home on North Madison, to be remade into a photo studio and residence. George A Newman purchased a North Marion street home, to be turned into four apartments. Dr. J. W. Thompson bought the Garling home on North Franklin, plans to move to Muncie. Tipton Conserva tive moved to a new Cedar street location. Luana sees Frank Sebastian building a new service station on highway 52 18, run by his son Robert. Colesburg sold the Brockmeyer home to Henry Kuhlman for 2000. Traer begins a small building boom with remodellings on several properties and new bungalow construction. Mount Vernon reports two residential transfers, Schwab buying Betts home and Mrs Lott selling Main street home to Ed Smith. Tipton sees Glendon Mosher purchase the Modern Cleaners plant from E. F. Barnes. Bennett prepares for a new 16000 creamery for the Farmer’s Cooperative led by Veno Conrad and secretary W. G. Kroeger with Amana building the facility East of the current site.

Manchester Harry Campbell Meggenburg T. D. May North Madison Street George Winters Mr. Campbell George A Newman Fast Marion Street Henry Goodhile Luana Frank Sebastian Virgil Scheffert Robert Sebastian Colesburg Herman Brockmeyer Henry Kuhlman Waterloo TRAER William Scharfenberg Grace Budgett John Bohnstenger Leonard Mix Mount Vernon Betts North Eighth Avenue Martin Schwab Grinnell Catherine Lott Main Street Ed Smith Tipton Glendon Mosher Riceville FE. M. Barnes Mosher

Investment duplex purchase at 117 Second Street SW

John Erickson of 520 Fifth Avenue SE bought the duplex at 117 Second Street SW last week. The Cedar Rapids Building and Loan Association owned the property and it was sold through George P. Witwer and Company.

John Erickson Fifth Avenue SE Second Street Cedar Rapids Building and Loan Association George P. Witwer and Company

Chicago Livestock Market Report Shows Mixed Movements

Salable receipts 200 cattle and 300 sheep with steady to higher bids for specific weights. Cattle demand mixed with steers steady to 25¢ higher, cows down 25¢, stockers steady, vealers weak to steady. Lambs weak to 25¢ lower. spring lambs and fed clipper lambs cited with varying prices across regions.

Ciicago Livestock Chicago Dept Agriculture California Idaho

Also Mentioned on This Page

America Thomas E. Flanagan Associated Press T. F. Thompson Twenty Sixth Street Drive Jean Owen 25Th Street Drive Cedar Rapids, Ia Winnipeg Ted Old Minneapolis Cash Grain Minneapolis Montana U. S. Bonds Treasury Ee. Ceeeenneeey Owen Jah General Electric Radio Corporation Aviation Corp Edison Ats Jas. E. Bennett and Co W. H. Jump General Business Real Estate and Mortgage Reports Central Life Rita Rio Orchestra Newcomer Rentals Local Securities Iowa Securities Central States Elec Tlotel Ia Jowa Elec. Co Pr Co Lt & Pr Co Jowa Land & Edie United Lt & Pr Lt & Pr Gly Tyan United Delaware Elec. Co Central ‘States Jowa Choate Mir The Alg Rake Accuim Maryland Fund Mass Nor Am Tr Ew England Fund Veeas Traynes Ee Trustee Ltd Oul Truster Ltd Oasaae E. Cohn & Sons St. Ave Penick & Ford Wall Street York Douglas Boeing United Aircraft Cedar Street Third Fourth Streets Consult John B. Heidel Buehler Brothers Margaret Blaine Park Ave First Street DIAL
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