Weather, Holiday Period And Strike Slow Trade Pace
Weather, a motor strike, and the July Fourth holiday slowed business last week. Detroit GM workers walked out over model production, while navy and anti trust actions influenced costs and construction. Corn crop prospects and steadying steel prices frame a mixed outlook for late summer and fall.
MENTIONED IN THIS ARTICLE
Thomas E. Flanagan
Detroit
General Motors
William 5. Knudsen
General Motors Corporation
Commerce Department
New York
Local permits issued in Cedar Rapids last week
A Cedar Rapids listing shows numerous permits processed in the past week. Projects include new garages and dwellings, home remodels and reroofs, with values ranging from 15 to 28 571 dollars. Names and addresses span Cedar Rapids streets and nearby avenues, including Hawkeye Downs and multiple NW SW SE NE sectors.
Markets At A Glance from United Fresh
Stocks steady and quiet while bonds remain firm. U S governments show irregular moves. Curb stocks irregular and Chicago stocks irregular. Cotton futures easy. grains in Chicago easy. Wheat declines about a half to one cent, and corn falls about half to one cent. Silver trades down 44 pence in London to 16 1/2 pence per ounce, lowest since February 1933.
MENTIONED IN THIS ARTICLE
United Fresh
U. S
Chicago
London
Darling Agency Second in Bankers Life Sales in 1939
The F. W. Darling Cedar Rapids agency for Bankers Life Company ranks second among 56 units for new life insurance sales in the first half of 1939, according to the Des Moines office.
MENTIONED IN THIS ARTICLE
F. W. Darling
Cedar Rapids
Bankers Life Company
Des Moines
Boston Wool Market Ends Week With Broadening Demand
The Boston wool market showed a broadening tendency despite holiday disruptions. Main activity centered on greasy wools and final original wools from territory sources and country-pack offerings of three-eighths and one-quarter blood fleeces. Graded wools were slow with unchanged quotations. Bright combing fleece ranged from 28 to 32 cents, with varies by grade.
MENTIONED IN THIS ARTICLE
Boston
U 8
Dept. Agriculure
Delaine
Wheat futures fall on Canadian crop report and Winnipeg weakness
Wheat futures slipped further on the Chicago board with December leading the decline down 1.54 cents to a season low of 68 cents. July and September also dropped, while Winnipeg deliveries and Liverpool trade posted new season lows amid bearish Canada crop data and weak demand. Other grains followed wheat lower as exports and supplies eased, with oats and rye down and soybeans little changed.
MENTIONED IN THIS ARTICLE
Chicago
INS
Chicago Board of Trade
Winnipeg
Liverpool
Rotterdam
Buenos Aires
Winnipeg and Chicago Grain Prices Report
Winnipeg market shows July and October wheat quotations with slight gains and down closes. Chicago cash provisions list assorted wheat and corn prices, including No. 2 yellow and No. 2 hard, with beans and barley varying by grade and location. Minneapolis cash grain notes no 1 heavy dark northern and No. 1 red prices, plus oats and barley figures.
MENTIONED IN THIS ARTICLE
Chicago
Chigago (Ap
Minneapolis
Montana
Chicago produce market closes amid mixed notes and weak prices
Markets report from Chicago and New York shows receipts for butter and eggs with no prices, market closed, while potatoes show varied demand. Missouri and California items display lower to moderate demand, with lingering heavy supplies and scattered price levels for different grades and regions.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Missouri
Kansas
Collifornia
Bliss
Ateady
Virginia Cobblers
California
Idaho Bliss Triumphs
Kansas Cobblers
New York
Grain Quotations Furnished by Lamson Brothers
Chicago grain quotations are provided by Lamson Brothers and Company with I R Mowrey as manager. The Cedar Rapids office is located in the Merchants National Bank building and can be reached by phone.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers and Company
I. R. Mowrey
Cedar Rapids
Merchants National Bank
New Grandstand at Central City Ready for Use
Gazette reports the new grandstand at Central City fairgrounds will seat 1500 spectators with 200 box seats. The structure replaces the previous grandstand destroyed by fire months ago and is mostly complete except for painting.
MENTIONED IN THIS ARTICLE
Gazette
Central City
Fairgrounds
Week's Most Active Stocks Close Quietly Amid Low Volume
New York stocks finished the week ended July 8 generally firmer, but trading volume was the lightest in years and investors held back awaiting clarity on domestic and global events. The report lists the 13 most active stocks and their ranges.
MENTIONED IN THIS ARTICLE
New York
Washington News
WPA Heads Doubt Manufacturing Will Absorb Idle Labor
WPA officials warn that only a marked drop in work time or a sharp rise in production can keep manufacturing employment at current levels or reach 1929 peaks. A study by Commissioner F. C. Harrington shows ongoing automation and labor-saving tech may reduce jobs, cautioning against relying on higher output alone to absorb labor.
MENTIONED IN THIS ARTICLE
WPA
Washington
INL
F. C. Harrington
British warning on hot water for royal visit
The British foreign office issued a solemn warning that their majesties must have hot water in the White House before King George and Queen Elizabeth’s visit. It remarks that Americans’ higher standards, like multiple bathrooms and unlimited hot water, were not shared in Britain.
MENTIONED IN THIS ARTICLE
White House
Foreign Office
George
Elizabeth
America
Little Island
Stocks and Utilities Listings in Central States Market Report
The page catalogs local securities including Central States Power and Light, Iowa utilities, Southwestern and Sioux City gas, and Western Grocer Co. notes. It notes preferred and common shares with varied par values and issue years, listing management and exchange statuses for a midweek market snapshot.
MENTIONED IN THIS ARTICLE
Central States
Pr. & Lt
Pera, Power, Co
Towa Public Epce Co
Toma Pu Service Co
Bia
Service Co
Towa
Autherit
Utilities Eer
Sieeve
Southerr Ne’ Utilitte Aerien Veree
Central States Pr
Lt. Corp T Intarate
Bank Clearings Rise Amid Holiday Season
Cedar Rapids Clearing House reports bank clearings for the week ending July 8 at 1,806,992 50, compared with 1,069,834.63 a year earlier. The July 1 total was 1,009,804.65, noted as especially significant given this year's four day holiday.
MENTIONED IN THIS ARTICLE
Cedar Rapids Clearing House
Trends of Business and Corporate News 1939 July 8
Trends of business reports week ended July 1 show department store sales up 3 percent from a year earlier. Alaska Juneau Gold Mining Co profits for six months fall to 561,400 from 1,002,500 year ago, June profit 138,900. Bond Stores June sales 1,772,965. Interstate Department Stores June sales 1,969,241. Lane Bryant reports net loss for year. J C Penney June sales 22,235,459. Walgreen June sales 5,551,428. Colgate Palmolive payments and records set for August and October.
MENTIONED IN THIS ARTICLE
Alaska
Juneau Gold Mining Co
Bond Stores, Inc
Bulova Watch Co
Consolidated Laundries Corp
Interstate Department
Lane Bryant, Inc
J. C. Penney Company
Walgreen Company
East Iowa towns see building and business changes
In LaPorte City Bruce Kline will run a cash and carry grocery in the Ashley brothers building formerly Fred Halbfass. Carl Powers moves Hi Way cafe to Ossie Grocery site. Craft building to host a new cafe. Mille sburg Albert cafe sold to Elvin Taylor. Roggentine couple to operate. grocery moves next to Jack Spratt. Riverside Joseph Schulze relocates shoe repair to J A Muller building with living quarters above. Jesup Gates Hardware opens in remodeled Janes Berger building under manager William Parker with Romayne Rogers. Manchester George Robert builds 18 by 28 foot summer cabin near Quaker mill. Wayne Dutton completes nearby cabin. Independence Bottling Works sold to Floyd Nietzbach and Diel Bishop. Washington Sanitary Bakery plans downtown sales room in Cofense hotel building. remodel ongoing. Maquoketa Carson Balster morticians buy Eliza Sears residence to convert to funeral home, relocation planned by Aug 1. Anamosa sewage plant for city and reformatory to begin Monday. contract $100,000. Atkins new waterworks $25,000 project. Wellman health dept advises sewage plant. engineers hired to design. Coggon sewer and sewage plant built by Zobac and Son at $47,000. 45% funded by PWA grant. Lone Tree J W Miller couple open bakery in Torrance space. Traer R G Beneke buys Loren Manley barber business. Hudson Frank Gutknecht takes over Stand ard Oil service station lease on Main and Highway 63. Hopkinton new municipal building completed. dedication upcoming. Winterport B Houlihan buys Maryvn Lustick barber shop.
MENTIONED IN THIS ARTICLE
Laporte
Bruce Kline
Ashley Brothers
Lafe Fred Halbfass
Carl Powers
Ossie
Millehsburg
Albert
Elvin Taylor
Mr. Taylor
Virgil Roggentine
J. A. Muller
Main Street
Manchester
Maquoketa
Wayne Dutton
Roberts Independence
Independence Bottling Works
Fred Towlerton
Mary Towlerton
Floyd Nietzbach
Diel Bishop
Washington
John Blick
Frank Ryan
Sanitary Bakery
Northtown Avenue
Carson Balster
Eliza Sears
A L. Hutchins
Anamosa
Reformatory
Stark Building Company
Cedar Rapids
Wapsie River
Atkins
Dan Christensen Construction Company
Wellman
State Department of Health
Coggon
Frank Zobac
Chemical resists fire in Imperial Chemical study
Fire resistant compound developed by Imperial Chemical Industries researchers to combat flames from small incendiary bombs. The discovery aims to curb spread of fires caused by such devices and supports wartime safety measures in London.
MENTIONED IN THIS ARTICLE
London
Imperial Chemical Industries
Budget Estimate and Record of Filing Town and City Estimate
Ely town council in Linn County Iowa will meet on July 20 1939 at 7 30 p m at Town Hall Taxpayers may speak for or against the estimate of expenditures Edwin J Vavra town clerk lists adjusted valuation 92150 and moneys and credits 94964 for 1938
MENTIONED IN THIS ARTICLE
Ely
Linn County
Iowa
Edwin J. Vavra
Heat Wave Dampens Activity on Stock Exchange
Trading on the stock exchange fell back as a heat wave kept traders away. Volume reached 113 320 shares, near a 21 year low for a short session, with many markets muted by labor trouble and GM plant shutdowns. Copper rose, but steel and rails showed mixed or minimal movements ahead of next week.
MENTIONED IN THIS ARTICLE
Wall Street
Lew York
INS
Real Estate And Mortgage Reports for Linn County
The Linn County Abstract Company reports conveyances and mortgages recorded from June 30 to July 6 totaling 56 conveyances and 36 mortgages, with a mortgages aggregate of 81,700. June comparisons show conveyances 221 in 1935, 258 in 1936, 218 in 1937, 206 in 1938, 227 in 1939. mortgages 101, 141, 132, 130, 173 respectively. June mortgage aggregates: 527,840.55 in 1935, 282,563.78 in 1936, 332,199.62 in 1937, 270,310.00 in 1938, 519,580.39 in 1939.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Price Of Mercury Steadily Increases
In Reno Nevada the rising quicksilver price is labeled a war monger issue as quotes reach 88 to 94.50 per 76 pound flask, up about 20 from last year. Quicksilver fuels high explosive production and its cost tracks conflict prospects, with wartime prices historically high. California and Nevada mine several properties, with 1937 data showing 20 Nevada properties producing 198 Masks worth 518000.
MENTIONED IN THIS ARTICLE
Reno
Nev
Nevada
Pershing
White Pine
Mineral
Nye
California
Newcomer Rentals Fill Cedar Rapids Homes for August
Anna K Forrey of Cedar Rapids rents her home at 1021 Second Avenue SE for possession August 1 to Pay son Berg of Dubuque who will live there. Mrs Berg’s son plans to stay in Dubuque where he works for a newspaper. Forrey intends to live with her son Rev Louis Forrey in Minneapolis where he serves as chaplain for the Newman Club at the University of Minnesota. Rentals arranged by Wait and Wagner Co. Co N Van Hook will operate a doughnut shop at 406 Third Avenue SE and rents 1537 C Avenue NE from Frank L Buser with possession August 10, coming from Danville, J. Also Hedges Co rents 807 Fourteenth Street NE from Buser to Mrs Fleda McMurrin of Anamosa.
MENTIONED IN THIS ARTICLE
Anna K. Forrey
Second Avenue SE
Cedar Rapids
Payson Berg
Dubuque
Berg
Bergs
Forrey
Louis Forrey
Minneapolis
Newman Club
University of Minnesota
Wait and Wagner Company. Co. N
Frank L. Buser
Fleda McMurrin
Anamosa
Not Very Promising Outlook for Federal Finances
The New York Times notes that a national income rising to 80 billion present-day dollars would realign to over 95 billion in 1929 prices, suggesting a 15 percent rise even in a boom year. The piece warns that waiting for such a figure to balance federal finances yields an unpromising outlook.
MENTIONED IN THIS ARTICLE
The
New York Times
Statement Of The Condition Of UNITED STATE BANK
A distorted bank balance sheet lists assets and liabilities with figures in dollars, including securities and bonds guaranteed by government, deposits, capital stock, surplus, and undivided profits. Key names include Frank Welch, W. Warriner, and Wm. Rinderknecht Jr, with signatures of bank officers and notary. The document dates to Iowa Linn County, Cedar Rapids area, showing total resources and liabilities despite unclear OCR details.
MENTIONED IN THIS ARTICLE
U, & Govcritiens
Iowan
Cedar Rapids
Linn
A. D
Eighadead
Vonnr An Scoudes
Cosph United RS
Warne
Eft
Wis
Terires Alus
Stoc
U. S
Welch
Pant Uce
Huston
T. R. Warrlter
Wm. Rinderknecht
Eve
Vin F Stepanek
Brett Dishong
Frank O. Mekotn
State of
Iowa
Linn County
le Prochoska
Ta & Pochobradaky, Jr
P. Kannk
Charlies King
Georne Wt LrAhos
Also Mentioned on This Page
Navy
Thurman
Arnold
Antitrust Division
Justice Department
Monopoly Committee
Joseph Raftis
Twelfth Street
Frank Joens
Third Street
N. P. Dodge Corporation
M Street
Co. W. Meek
First Avenue
City of
A Avenue NW
G. S. Izer
Fourth Street
C. Hansen
L Street
C. R. Cozart
R. L. Gardiner
Longwood Drive
Belly van Velkenburg
Fruitland Boulevard
George Merrill
Seventh Avenue
M. C. Myers
Second Avenue
A. Manwiller
Madison Street
Robert McIntyre
Gwendolyn Drive
W. J. Nemecek
Thirty Third Street
Joe Veshek
H. L. Larson
Laura Kyoch
Thirtieth Street
Stella Gray
C Avenue NE
Morton Lemmon
Tenth Street NW
Ed Sheehy, Jr
Linden Drive
Wes Mras
Camburncourt
Robert J Miller
B Avenue NE
Robert J. Miller
B Avenue
K.N. Shields
Joseph Kushner
Second Ae
C. J. C. Reynolds
Coldstream Avenue
Joe Buresi
N Street
Thomas Fontana
Eleventh Street NW
Frank Challed
W. L. Cone
Third Avenue
Darling Agency
E. Cohn & Sons
St. Ave
Sa ‘Street
Brocks
Penick & Ford
Wool Market
DOW Jones
Ind
R Wits i
Owen Diigh
Associated Press
Maryland
Tee Ae
New England
Nor Air
Trustee Ltd
Asvete
Ald
Aviation Corporation
U. S. Rubber
Loft, Inc
Peeene
Edison Sune
Sunshine Mines Eues
Goms
Chrysler Motors
Willys Overland
Celanese Corp
U. S. Steel
General Electric
Jas. E. Bennett and Co
W. H Jump
Local Securities
Iowa Securities
Theanette
Btatce Elec. Co
Yeevene First Ve. Rolding Troosevelt
Ory
Iowa Elec
Lt. & Pr. Co
Town Elec
Lit
Pr. Co
Eae
Town Land & United
Lt. & Hilde
Iais United
Bra
United
United Bt . Ry
Maine
Delaware
Saace
T. c Pr
LaPlant Chorte Mir. Co
Onis
Unitec United Lt. & Ry
Federal Reserve Board
Corporation News
Colgate - Palmolive - Peet Company
International Nickel
Pittsburgh
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Brooklyn Union Gas
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Real Estate and Mortgage Reports
Mercury
Newcomer Rentals
Peoples Savings Bank
Nessa
Locat
United State Bank
Prochabica
Pochob
Tartes Asst
Cashi Dra
Asa Gasnter
FRANK_O. WELCH
Iuaton
Viceeteaftent
Danile M
Ervin Brett Dishong
Merete
A.m. Unase
Jo, Bell, WM
Crawford