Holiday Shutdown Hits Defense Production Across Nation
Holiday observances slowed steel and auto output with ingot production down 100000 tons and auto output off about 31500 cars from the prior week. Aircraft plants also closed while retail sales rose 18 to 22 percent. Stock and bond markets showed little net change as investors favored cash amid war news and price movements in commodities.
MENTIONED IN THIS ARTICLE
OPM
Knudsen
Holice York
the Gazette Special News Service
U. S. Army
United States
Russia
Wall Street
Wheat Prices Drop In Brief Saturday Trade
Wheat prices fell about one cent per bushel on the Chicago board of trade as July closed seven and a half cents lower near session lows. Soybeans gained up to thirteen and a half cents, corn oats rye and lard moved modestly, cotton strengthened on favorable crop reports, and overall trade was limited by a holiday in related markets.
MENTIONED IN THIS ARTICLE
Chicago
INS
Chicago Board of Trade
Market Wheat and Grain Prices From Chicago Cash Market
The Chicago cash grain market lists No. 2 red wheat at 1.055, No. 4 at 1.03, No. 1 hard at 1.05, corn varying by grade, oats with several heavy options around 38 to 39 cents, soybeans near 1.45 to 1.46, and cash lard quoted at 10.17 per cwt, plus related feed and barley prices. Prices shown for futures and commodity items include multiple grades and sample figures.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Livestock Market Report with Mixed Week Changes
Cattle prices show mixed moves from Friday with hogs 15 to 25 cents lower and cattle largely up 25 to 40 cents on light to medium weights while heavy steers stay strong. Sheep and yearlings ease as supplies soften with native lambs and fat ewes trading around 7 to 11 dollars, demand moderates.
MENTIONED IN THIS ARTICLE
Chicago
Fairfax State Savings Bank balance sheet shows assets and deposits
Fairfax State Savings Bank in Linn County Iowa closes June 30 reports assets of 434,622.93 with Loans 4259,853.50 and securities 24,000.00. Liabilities include capital 55,000.00, deposits 388,411.88 and certificates 14,500.00. Officers J Lynch president Chas Elson vice president J L Krall cashier certify the statement as true.
MENTIONED IN THIS ARTICLE
United States
Stoc Common
State of
Iowa
Linn County
J. Lynch
Cad
Elson
Chess Named
C. J. Pene
Chas. Elson
J. L. Krall
Millionaires Yachts Converted for Navy Auxiliary Vessels
The Navy expands its auxiliary fleet by converting luxury liners yachts and freighters into transports fuel oil tankers and submarine tenders. The program costs hundreds of millions, with examples including the America Vara and George Washington.
MENTIONED IN THIS ARTICLE
Navy
Washington
U .S. Navy
America
Harold Vanderbilt
Fleet Air Arm
Bond Prices Mixed With Little Change On Quiet Market
New York AP reports a quiet bond market with mixed results. Long term U S government bonds rose slightly while short terms held steady. Corporate bonds gained modestly in the half day session with rail issues leading advances. The day’s face value trading totaled 2 433 600 dollars, the lightest Saturday volume since June 14. Rail issues like Chicago Milwaukee and St Paul Ss rose to 1034, Nickel Plate 442s to 6215, Missouri Pacific 5s 77, Atchison 4s 95 to 109.
MENTIONED IN THIS ARTICLE
New York
U. S
Chicago, Milwaukee
Condiff Returns To Start Tire Service
B. R. Condiff has returned from Milwaukee to open Condiff Tire Service at 137 First Street NE. He previously worked as a field representative in Cedar Rapids for a major rubber company covering eighteen counties. The Condiffs live with their 15 month old daughter Christine at 715 Eighteenth Street SE.
MENTIONED IN THIS ARTICLE
B. R. Condiff
Milwaukee
Condiff Tire
First Street
Condiff
Cedar Rapids
Bank clearings hold above prior year in Cedar Rapids
Cedar Rapids bank clearings stay strong with a total of 1,564,291.03 for the week ending July 5, higher than 1,166,510.65 for the same week in 1940. The week ending June 28 this year registered 1,663,226.01, showing steady activity.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Conscientious Objector Decides to Register After Prison Stay
In San Francisco on Independence Day Greydon D. Wellman aged 21 spent the Fourth in a cell and chose to register for the draft. His mother Edna B. Lloyd caused his arrest for failing to register, saying she wanted him to have time to think.
MENTIONED IN THIS ARTICLE
San Francisco
Greydon D. Wellman
Edna B. Lloyd
GM Holds Price On Remaining 41 Cars Says Henderson
Washington Price Administrator Leon Henderson announced that General Motors officials told him they would not raise prices on the remaining stock of 1941 automobiles.
MENTIONED IN THIS ARTICLE
Washington
INS
Leon Henderson
General Motors Corporation
Chicago Grain Quotations Reported by Lamson Brothers
Grain quotations are supplied by Lamson Brothers and Company. H R Mowrey serves as manager for the Cedar Rapids office located at 503 Merchants National Bank building. Phone number for inquiries is 2 3141.
MENTIONED IN THIS ARTICLE
Lamson Brothers and Company
H. R. Mowrey
Cedar Rapids
Merchants National Bank
June Mortgages Reach Six Year High In Linn County
Linn County Abstract Co reports June totals show the highest mortgage and conveyance activity in six years. Conveyances numbered 228 in 1986 rising to 323 in 1941 and mortgage counts up to 188. June mortgages overall totalled 1941 188 with aggregate value $523 891 08.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Cedar Rapids Market Prices Read Through Miscellaneous Ledger
Market notes list grain and livestock prices including Wheat No 191c No 28 Oats White No 2 and 3 Rye No 2 Barley No 3 45c Red shelled New No 2 yellow 6443c Soybeans New No 2 1.25 Way and Straw prices include baled tame 10 and straw 67.00 Poultry prices Hens 16c Leghorn hens 12c springs Waite cocks 10c descriptions on quality Crooked and thin birds noted Exan Hennerles 26c No 12 1a¢ Wholesale fruits and vegetables list Lemons 86.75 Oranges 3.35 Grapefruit 3.25 Mich celery 55c Apricots 1.90 Watermelons 0.73 Lettuce 3.90 Onions 3.25 Cabbage 382 25 Carrots 3.00 Tomatoes 2.65 bug Idaho Russets 2.5 Potatoes New California whites 2.10 Cantaloupes 3.75 4.15 Winesap apples 2.75 box Wide Market No 1 cured hides 10c No 2 hides adc No 1 calf hides 12c No 2 calf 11c No 1 kip tic No kip 10c No 1 horse 50c No 2 horse 4.50 Pony and glue half price Manes and full tall included
MENTIONED IN THIS ARTICLE
Springs Waite
Exan
Idaho
California
Potatoes Dominate Chicago Market Notes
AP Chicago markets report livestock butter eggs, and poultry closed with no receipts or prices. Potatoes show arrivals 148 and on track 332 with total US shipments 770 and new stock moderate demand firm. California long whites and Bliss Triumphs prices listed for US No. 1 and quality grades. old stock had no sales.
MENTIONED IN THIS ARTICLE
Chicago
California
U. S
Bliss
Idaho
U. S.S
Missouri Cobblers
Bliss Triumphs
Stock Market Ends Short Week With Modest Gains
The market closed on a firm note as price averages edged up despite a three day Independence Day holiday. Pepsi-Cola led gains climbing to a 1941 peak while Chicago Great Western preferred rose on light turnover and several majors posted fractional advances amid dull overall activity.
MENTIONED IN THIS ARTICLE
YORK
INS
Chicago Great Western
Army post exchanges move to modern chain store model
New plan turns army post exchanges into civilian managed chain store style operations with centralized control by the army. Purchases shift to government capital funds and concessions focus on specialized services like barber and repair work, as personnel costs are prioritized.
MENTIONED IN THIS ARTICLE
New York
Montgomery Ward
George C. Marshall
OPM
Donald Nelson
Business Week
Army
War Department
Dow Jones Averages Bond and Stock Summary
Bond sections show mixed moves with small changes across rail, utility, and industrial groups. Stocks list a dozen names with modest gains, including the 30 and 65 stock segments closing higher on light volume.
Russia to Get British Rubber From Malayans
London reports that Britain and the Soviet Union near an economic pact to supply rubber from Malaya to Russia with possible tin shipments. Moscow reportedly balks at the pace and breadth of British strategic collaboration with Britain against Germany.
MENTIONED IN THIS ARTICLE
Russia
London
Malaya
Moscow
Germany
Also Mentioned on This Page
Holiday
Paul G3sner
John Beckley
East
Brooklyn
Boston
Cincinnati
Philadelphia
Associated Press
United States Steel
Curtiss Wright
Aviation Corp
Anaconda Cooper
General Motors
General Electric
New York Central
Standard Oil of
New Jersey
Sanford
E. Cohn & Sons
3Rd St. SW
PS Ra
Winniteg
Chicago Livestock
Fairfax State Savings
Fairfax
County of
Linn
Milton Bronner
Gazette Special
Maritime Commission
House Appropriations Committee
U. S. S. West Point
Condiff Returns
Tire Service
Marylan Fun
New England Fun
Nor Am Tr
Am Trust
the Gazette
Town
Central States
Elec Co
Elec
Cherry-Burreill Co
First Age Holding Co
Towa Elec Co
Honeymead Products Co
Tow Elec
Interstate Pr
Interstate Pr Co
Interstate Power Co
Towa Public Service
LaPlant-Choate Co
I Link-Belt Co
Penick & Ford Common
Quaker Oats Co
Rath Packing Co
Rath Packing Co Common
United Lt & Rys Co
United
Lt & Rys Co
Wilson & Co
Wilson & Eee Ie
É& Co
Western Union
GMC
W. T. Sands
Rint
Tg Co
DIAL
A.G. Heim Roosevelt
American Car and Foundry
Atlantic Gulf and West Indies
General Steel Castings
Pere Marquette
Worthington
National Biscuit
Nickel Plate
Westinghouse Electric
U. S. Steel
Bethlehem
Anaconda
du Pont
United Aircraft
N. Y. Central
Pennsylvania
American Telephone
General Electric Power
U. S. Treasury
DOW Jones
Oren
Quick, Friendly Service
Federal Discount Corp
Paramount Blés
Opportunity Farms
Carver
Fort Dodge
Walnut
R. E. Jenkins
Nebraska
Opportunity Farm
Metropolitan Life Insurance Compa
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