Sharp Market Rise Drives Stocks To New Highs On U S Exchanges
Bullish Friday session boosts volume to 810000 shares, strongest Saturday since April 8. Leaders such as Montgomery Ward Sears and Celanese post gains while steel and motors show advance. utilities peak but overall sector gains are fractional. grains slip as cotton and other markets close mixed.
MENTIONED IN THIS ARTICLE
York
Montgomery Ward
Sears Roebuck
Commonwealth Edison
Celanese
Proctor and Gamble
Loft
Bethlehem Steel
U. S. Steel
Youngstown
National
Republic
Studebaker
General Mathers
Chrysler
du Pont
Allied Chemical
Union Carbide
Union Pacific
Higley Farm Land Platted Into Nine Home Sites
Last remnants of a pioneer Higley farm within Cedar Rapids city limits go on sale through the Hedges company. Heirs list nine building lots on Mount Vernon road SE and Seventeenth street SE with a rear driveway, retaining Miss Higley’s 100 by 140 foot lot.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Elmer A. Higley
Hedges Company
Higley
Abiel Higley
Helen Higley
Fred M. Higley
Mount Vernon Road
Seventeenth Street
Bever Avenue
Fourteenth
Nineteenth Streets
John A. Paulson
Iowa Highway Commission
Waterloo
Twenty-first Street
Harold A. Pickerill
A B. Caskey
Mount Vernon Avenue
Mr. Caskey
Wichita
Kan
Continental Oil Company
Harry W. Burke
Hall Manufacturing Company
Detroit
Mich
Twenty-third Street
W. H. Richardson
Albert Greene
Decatur, Ill
B Avenue
Robert W. Hunnicutt
Malcolm V. Bolton and Company
Fifth Avenue SE
E. B. Cameron
William Tenney
Nicksville
Tenney
Park Avenue SE
Robert J. Miller
Booth
Piper Grain Company
Fred E. Collard
Grain futures slide to new seasonal lows on weak demand
Wheat closed sharply lower with September and December at new season lows as lackluster demand and favorable weather weighed on the market. Corn slipped from early strength, July hit a six year low, oats and rye fell, while soybeans eased amid renewed selling and mixed international cues.
MENTIONED IN THIS ARTICLE
Boeing
Winnipeg
Chicago
INS
Board of Trade
Canadian
Northwest
United States
Argentine
Liverpool
Rotterdam
Buenos Aires
Grain and cash market quotes from Winnipeg and Minneapolis
Winnipeg market reports show wheat futures and cash levels with mixed bids and varying quotients for No. 2 yellow hard and No. 1 white oats, alongside barley figures. Minneapolis cash grain notes receipts and prices for No. 1 dark hard, hard Montana and durum varieties, with corn and barley values and weekly calculations.
MENTIONED IN THIS ARTICLE
Chicago
Illinois
Minneapolis
Montana
Rover
Iéc
Week's Most Active Stocks Foresee Stronger Market Across Week
The week closed with a broad buying wave pushing many issues to new yearly highs. Loft, Inc. is highlighted as a standout performer while a prominent forecaster urged holding for further rise. The 14 most active stocks showed strong gains despite some variability.
MENTIONED IN THIS ARTICLE
Loft, Inc
Ndaanten
Permits Granted for Numerous Dwellings and Improvements
Local overview lists permits issued in the past week for residences and commercial projects across multiple streets and neighborhoods. Notable items include new dwellings at 1131 Twelfth Street NE and 2307 C Avenue NE, a new garage at 1407 Sixth Avenue SE, remodels at several addresses, and roofing work totaling hundreds of dollars across diverse locations.
MENTIONED IN THIS ARTICLE
Vine Avenue
Glen O. Johnson
Emerald Avenue
Emma Padour
Tenth Street
M. J. Busenbark
First Avenue
Bernard Brewer
Ninth Street
William Ostrander
Leighteenth Avenue
Frank Michalek
Fifth Street
Louis Melsha
Seventeenth Avenue
Burianek
First Street
Fred Stevens
Twenty-third Avenue
A. J. Baumhoefner
Johnson Avenue NW
B. L. Edwards
Thirty Fourth Street
Cc. L. Burke
Fourteenth Street
Sam Kacera
Third Street
Paul Jerabek
Twelfth Avenue
Repair Foundation
Cc. A. Love
Rude Auto Company
Third Avenue
George N. Taft
Fifteenth Street
Jersey Tauber
Everett Bacon
Eleventh Street
George G. Keith
E Avenue
Elmer E. Hunt
Twentieth Avenue
A. B. Heinbaugh
C Avenue
George Drummey
Barbara Rompot
Jane Larson
Vernal Street
Mrs. J. Resarik
Sixteenth Avenue
George Pfeffer
Thirteenth Street
Otto Mathias
Elizabeth Giblin
Vern Marsh
Whittieth Street
L. C. Jensen
First Avenue E
S. S. Kresge Company
Mrs. P. Gatto
Smulekoff and Miller
Second Street
Leon Kopel
Grande Avenue
George B. Shaler
Dawley Street
Elmer Sandberg
Martha J. Wilson
Seventeenth Street
W. Naibert
G Avenue
H. C. Spitznagel
C Street
Mrs. Landa
B. F. Hammond
Fourth Avenue
Frank Basker
Elizabeth Miller
Seventh Street
William Smetana
Pareles Street
Ed Seda
Hamilton Street
George Shamberger
Rufus B. Culver
Wellington Street
Mary Wryskocil
F. J Shors
Sixth Street
Josie Kuba
St. Ludmila’s
Twenty-first Avenue
Agnes Fiedler
Thirty-first Street
Twenty-fourth Street
Frank Nissen
Second Avenue
Howard Martin
Eva Henry
Wilson Avenue
Grain Quotations From Chicago Furnished by Lamson Brothers
Lamson Brothers and company provide Chicago grain quotations with H. R. Mowrey as manager. Cedar Rapids office located in the Merchants National Bank building at 503.
MENTIONED IN THIS ARTICLE
Lamson Brothers and Company
H. R. Mowrey
Cedar Rapids
Merchants National Bank
Northwestern Mutual Convention Trip Leaves City
R. G. Pickford Vernon E. White Neil Montgomery and Charles Filipi departed Saturday for Milwaukee to attend the sixty third annual Northwestern Mutual Life Insurance convention scheduled Monday and Tuesday. They expect to return Wednesday evening.
MENTIONED IN THIS ARTICLE
R. G. Pickford
Vernon E. White
Neil Montgomery
Charles Filipi
Milwaukee
Wis
Northwestern Mutual Life Insurance Company
Quaker Displays Tie Up With Every Week Ad Campaign
Quaker Oats launches a weekly distribution of eye catching displays for Quaker macaroni and spaghetti to grocers. The ads in The Cedar Rapids Gazette promote budget meals, flavor, and tested recipes with mass display cut outs and wire hangers to boost in store promotions throughout the year.
MENTIONED IN THIS ARTICLE
Quaker Oats
Cedar Rapids
Building activity and business changes in East Iowa towns
In Waukon work continues on a new post office with decorative marble trim and a planned Oct. 1 occupancy. Wellman sees a four room Kin singer cottage under construction. Elkader repurposes church art windows into a chapel and remodels store front. Jesup editor C W Wright makes extensive home changes. Troy Mills hails a new belfry and church repairs as several local homes and halls receive updates.
MENTIONED IN THIS ARTICLE
Waukon
St. Genevieve
C. E. Legis
Wellman
Annanias Kinsinger
Anna Ayers
Dan Graber
Kinsinger
Emerson Maplethorpe
Harley Rugg
Charles Livezey
Elkader
Evangelical
Home Service Company
William C. Reimer
Harold St. Schulte
Bayless Hotel
JESUP
C. W. Wright
Jesup Citizen Herald
F. R. Place
Vanity Beauty
Robert Perkins
Wisconsin Dells
Troy Mills
Christian Church
Willard Carson
Clarence Price
I.c.cf. Hall
H. H. Straw
Harlin Walton
Bank Clearings Rise Ahead of Last Year
The Cedar Rapids Clearing House reports bank clearings for the week ending July 22 at 1 180 359 83, slightly below the prior week’s peak but higher than the same week in 1938. The week ending July 15 posted 1 187 302 02, with the week ending July 23 at 1 134 949 06.
MENTIONED IN THIS ARTICLE
Cedar Rapids Clearing House
Experts Predict Continued Economic Upturn Amid Stock Gains
Week of rising stock prices and upbeat government forecasts signal ongoing improvement. AP index of industrial activity edged up to 90.4 as steel and power output hit new peaks, while Roosevelt notes a businessman warning on neutrality affecting the boom.
MENTIONED IN THIS ARTICLE
Associated Press
Roosevelt
Congress
New York Exchange
Sickraiee
Washington
Department of Commerce
Commerce Department
Association of American Railroads
United States
Federal Reserve Board
Readjustment Of Capital Structure For Hall Mfg Co
David M. Hall announces a capital restructuring at Hall Manufacturing. Par value drops from about 200000 to 100000 with a stockholders meeting approving the change and converting former preferred stock to voting common stock. A new 50000 bond issue is sold to pay off prior debt and provide working capital for expansion.
MENTIONED IN THIS ARTICLE
Hall Mfg. Co
Hall Manufacturing Company
David M. Hall
Common and Preferred
Preferred
Hall
Nat's Life Agency Here Makes Record
The C. V. Shepherd agency of the National Life Insurance Company of Vermont at 709 Downs building ranks third in total club credits in the United States for the club year ending July 1. Robert O. Bickel, associated with the local agency, ranks fourth among company agents nationwide with a total club credit of 616 dollars.
MENTIONED IN THIS ARTICLE
C. V. Shepherd
National Life Insurance Company of Vermont
Dows Building
United States
Montpelier
Robert O. Bickel
Local Securities Bids and Offers Notice
The following quotations are non binding indications of price trends for recent transactions. Those with interest in unquoted issues should contact the financial editor at The Gazette Cedar Rapids Iowa.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Towa
Also Mentioned on This Page
Pittsburgh
Buffalo
Bethlehem Leads Steel
E. Cohn & Sons
9Th Ave
Penick & Ford
Sedial Oe
Dial
Marten
Slvcks Luliuwo
Chrysler Motors
U. S. Rubber
General Motors
New York Central
Republic Steel
Eaae
Eng. Pub. Service
Col. Gas & Elec
Jas. E. Bennett and Co
W. H. Jump
Res
Mgr
Perpetual Savings and Loan Association
Nome Loans
Third Street SE
Iowa
Northwestern Mutual
HAR Telephone
City Property L Life Insurai
Vermont
EY C. McClart
Manac
Ed Soboda
Cedar Rapids Fuel CO
Thomas E. Flanagan
Nat
Newcomer Rentals
Eee
Maryland
Mass Invest
New England Fund
Wevaeres
Nor Amer
Wee Nor Am Tr
Shar
Bt Oil
Local Securities
Iowa Securities
Central States
Elec. Co
First Ave
Roosevel
Elec
Vera
Pre Co
Fist
United
Igi United
Ios
Cen
Staten Fl. Co
Aly
Inter-Ocean Relagurante Com
Retown
Cobo
Blastreabete
Utte & Pr
Ieene i
Ty & Pe
Ae Town
Ae LaPlant-Choate Mia
United Lt & Ry
Lie
Interstate Power Co
Public Service Co
Beries
Southern Atitiea
Sioux C
Gas & el. Co
University Stadium
I Ae
Northern
Lt. Corp
Peterstite Bower
Sone Bis
Rath ‘Packing Co
Western Grocer Co
City Oas & el
Sanford