This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 22 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 07, 1940
Page
6
Industry edges toward a record summer with strong war orders and rising consumer spending. Analysts cite boosts from government defense programs, aircraft and shipbuilding, plus a rebound in steel and factory payrolls as retail sales surge 10 to 11.5 percent above 1939.
Purchase of 24,519,000 pounds of lard and pork on June 29 raised total federal purchases to 241,000,000 pounds for Surplus Marketing administration distribution. Iowa share not yet broken out. Main items include 130,500,000 pounds lard, 44,500,000 pounds salt pork, and 66,000,000 pounds smoked pork. Distributed to relief families and school lunch programs.
Bank clearings in Cedar Rapids advanced last week yet did not reach the record set a year earlier. The Clearing House reported 1 166 510.65 dollars cleared through Cedar Rapids banks for the week ending July 6, versus 1 103 484.05 for the prior week. The 1939 week ending July 8 totaled 1 206 992.50 dollars.
Wheat declined on the Chicago Board of Trade with prices down about 4 to 5 cents per bushel as corn fell 1 to 1 1/2 cents after the government said producers could redeem 1937 38 stored corn at 58 cents. The drought forecast cooled bullish sentiment for spring wheat and other grains. Weather forecasts predict heavy rains for the American northwest next week, shaping the crop’s final outcome. Winnipeg wheat and Chicago cash provisions updated.
Chicago reports steady to modest gains across potatoes eggs and cobblers with varied regional prices. US No 1 seed Bliss Triumphs and Virginia North Carolina Oklahoma Alabama Missouri figures noted alongside sparse trading and mixed quality assessments for cobblers and bids across states.
Minneapolis cash grains report shows wheat receipts for Saturday at 107 cars, up from 109 a year earlier. Quotations list several grades including No 1 heavy dark northern and No 2 dark northern, with No 1 hard Montana and various winter and durum types. Corn oats and barley prices also noted with specific price ranges.
Lamson Brothers and Company provide Chicago grain quotations with H R Mowrey managing Cedar Rapids office at 503 Merchants National Bank building.
Construction of a 200000 dollar addition to the Wilson and Company packing plant in Cedar Rapids is underway and slated for September completion. The four story equivalent first floor will handle inedible products and hog hair. floors two to four house locker rooms, dehairing machinery, and a resin dip. Arthur H Neumann Brothers of Des Moines hold the contract.
Week brought minimal trading on the New York Stock Exchange with little price change. Copper shares slipped on French orders. steel buying grew on rising backlogs while defense program hopes spurred autumn activity. Packard led as the most active issue among few movers.
Real estate transfers list multiple conveyances in Cedar Rapids and nearby, detailing joint tenants and fee simple ownership. Transactions include Kopecek to Polehna, Robbie to Stanek, Mackey to Ellingson, Simonsen to Witwer, Witwer to public refinements, Cold Stream Farms to Schmidt, Novak to Gorup, Kanka to Panosh, with common one dollar consideration and references to plats and additions.
New low rates for expense paid tours to Colorado take effect Saturdays and Sundays in July and the first weekend in August on the Chicago and North Western and Union Pacific lines. R J O Connor of Omaha announces the plan with Cedar Rapids eight day trips including round trip bus travel hotel stays five sightseeing tours and twelve meals.
The American Pulp and Paper Association reports a 94.5 percent output rate for the week ended June 29 excluding paperboard, with declines from the prior week and gains versus last year. Federal Reserve data show gold stock at a record high 20.063 billion, excess reserves 6.81 billion, and circulation 7.924 billion. Store sales and company results for W T Grant, H L Green, G C Murphy, and Norfolk Southern show mixed gains and losses in June and six months, reflecting overall earnings trends.
New York report notes the phrase What the Sam Hill echoes What the Devil from German opera Der Freischutz. The devil Samiel was imported to the U S when Der Freischutz by Karl von Weber played in New York in 1825.
Iron and Steel Institute reports only 37 of 232 furnaces were idle at the close of 1939, the smallest number idle at year end in the modern era. The finding highlights rising industrial activity and improved utilization in the iron and steel sector.
Copper spot prices in New York and Conn Valley hold steady with exports at 10.50 to 11.55. Tin remains at 52.00 spot and 50.25 forward. Lead stays around 5.00 to 6.05 in New York and 84.85 in East St. Louis. Zinc remains 6.25 in East St. Louis. Aluminum antimony quicksilver platinum tungsten and domestic scheelite unchanged.
The week closes with a firming bias after early irregularities as holiday effects linger. Sales reach 130000 shares while mixed openings give way to a firmer close with gains in most issues, led by steel and utility shares amid broader market activity and stronger rail traffic.
Conveyances and mortgages recorded in Linn county from June 28 to July 3. Conveyances 65 mortgages 40. Mortgages total 114800. June comparisons show conveyances 228 257 228 227 265 and mortgages 126 146 138 173 173 for 1936-1940 with mortgage sums ranging 254403.78 370331.62 292290.89 519580.89 436822.91.
Grain prices include Wheat No. 1 78c No. 2 7 Oats White No. 2 30c No. 3 28c Rye No. 2 40c Corn shelled No. 2 yellow 43c No. 3 yellow 52c Soybeans No. 2 yellow 65c Hay and straw priced. tame hay 7.50 straw 6.00. Poultry prices list Hens over 5 lbs 9c 4 to 6 lbs 9c Leghorns 6c Eggs Henneries 17c No. 1 22c No. 2 6c. Wholesale fruits vegetables Lemons 5.25 Oranges 3.60 7.00 Grapefruit 2.75 3.10 Cherries 4.50 Michigan celery 60c Lettuce 3.50 Onions 2.50 Cabbage 1.75 Tomatoes 2.00 Carrots 5.00 New potatoes 1.80 2.35 Apricots 4 0 c Watermelons 2.25 Hide market No. 1 cured hides 7c No. 2 cured hides 6c No. 1 calf hides 6c No. 2 calf 5c No. 1 kip 8c No. 2 kip 5c No. 1 horse 3.00 No. 2 horse 2.50 Pony and glue half price Manes and full tail included.
Receipts for hogs total 300 with prices around 6.60 to 6.65 for 230 250 lb butchers, some heavy hogs 10c higher than Friday. Cattle receipts 200 with fed steers and yearlings up to 50c, heavy cows steady to 25c lower, grass cattle weak. Sheep receipts 1,000 with spring lambs soft, native yearlings and fat sheep 2c lower, best native spring lambs opening 11.40, closing around 10.50.
The statement shows Fairfax State Savings assets totaling 386 791 29 with loans 260 567 24 and securities 23 800 00. Liabilities include deposits 347 905 20 and state banking equity 35 000 00 with officers C J Lynch president Chas A Elson vice president J L Krall cashier attested in Linn County Iowa in July 1940.
Chevrolet dealers posted a record June with combined new and used car and truck sales totaling 317 405 units across 25 working days. W E Holler noted a 42 249 drop in used car stocks for the month, marking the highest Chevrolet history.
The document records total resources of 5,493,403.08 and total liabilities of 5,459, state of Iowa Linn County shows officers Frank C. Welch president Paul H. Huston and T. R. Warriner vice presidents William Rinderknecht Jr cashier and assistants E F Stepanek Brett Dishong. Sworn by the bank officials on the sixth day of duty 1940 with notary E Lester P Frezek.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.