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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 04, 1937
Page
5
Industrial reports show uneven week with strikes and seasonal drags. Retail and wholesale trade dip in some centers while crops and favorable weather support farm prices and general outlook.
A sharp recession in U.S. government bonds dominated trading in early 1930s, halted by the Federal Reserve in April after a March decline. Strikes in steel and auto sectors amplified corporate bond weakness, while foreign loans showed improvement and some governments reassured holders about debt obligations.
Chicago area market notes show no session Saturday with butter and futures inactive. Cotton and eggs listed with varied U.S. shipments and moderate demand, several cobbler and quince price entries across regions. New York butter receipts steady and poultry prices quoted by freight with nominal quotations.
Preliminary surveys and plans for sewage treatment at Anamosa are being made by the Howard R. Green company Cedar Rapids engineers. The state board of control and the city council will cooperate to provide the same disposal service for both the city and the state reformatory. The current sewage empties into the river. The Green company is also surveying Guttenberg's proposed two year plan for street surfacing and improvement.
Cedar Rapids firm Stark Construction handles five contracts for the Swift and Company rebuilding project at South St Joseph Missouri totaling about 260 400 dollars. Work began April 1 and runs into late fall.
Article notes sea water's value at 1.22 per ton from the Ethyl Dow plant at Kure Beach near Wilmington. It cites bromine as current main product, with other valuable minerals including salt, magnesium compounds, gold, silver, copper, aluminum, iron, iodine, and potassium chloride. Plans announce new intake pumps to double reclaiming capacity by July 1, enabling 137000 gallons per minute and vast future extraction hopes.
Grinnell shows renewed industrial activity as eight plants operate. Sumner Brothers Seed company hires forty workers, Hilde brand Shoe company opens, a Mid-West Stamping Mills branch from Kellogg, and Starbuck Hilke Planing mill begin operations. A seed crew harvests bluegrass southeast of town while another group reconditions the former Spaulding Buggy factory warehouse.
A bright chart in the U S Maritime Commission office highlights the decline of America s merchant marine over the past fifty years. The graph emphasizes how U S bottoms have lost foreign business and shows the share of U S foreign trade carried by United States merchant ships.
Linn County Abstract reports conveyances 47 and mortgages 22 for June 25 to July 1 totaling 36,318.00 in mortgages. Comparisons show June conveyances and mortgage totals for 1935 to 1939 with June 1935 7,006 conveyances and June 1936 5,858, June 1937 5,? mortgages, and June 1936 282,563.78. June 1937 332,199.62. Minneapolis Cash Grain reports wheat and corn receipts with No 1 heavy dark northern and Montana grades, along with oats figures.
In New Orleans police credit W J Warrington founder of the Warrington movement with reducing crime by offering free breakfasts to men in need. In return some men gave him weapons intended for robberies, including a shift from well crafted leather blackjacks to cheaper improvised weapons like railroad spikes and iron pipes during the 1920 depression.
Quotes indicate range of recent transactions and are not firm bids. For further issues not quoted contact The Gazette financial editor Cedar Rapids IA. Week closes Friday July 2 1937. market will be closed July 5.
The page lists securities and shares from Iowa firms and utilities including Interstate Power Co, Iowa Public Service Co, Central States Corp, Southern Utilities Co, Rath Packing, and Western Grocer, with bid and percentage figures and common stock mentions. It notes various years and stock classes in a dense tabular format.
Detroit reports that fuel engineers and automotive developers have aligned to meet higher engine demands. Advances in refining cut volatility control issues, eliminate vapor lock, improve starting, fuel economy, and engine life with butane and propane gases.
A predicted drought in western Canada foresees the lowest provincial wheat yield since 1913, lifting North American prices. July Winnipeg futures hit the five cent daily limit, with Chicago quotes up about four cents as traders await a likely US supply role amid rust fears and dust storms.
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