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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 30, 1939
Page
32
The American Iron and Steel Institute reports steel output jumped to 60.8 percent of capacity, a year peak and the highest since November 1938. Growth stemmed from stronger demand and forward buying from the motor industry amid broader commerce gains.
The June Consolidated report from the Cedar Rapids Industrial Bureau shows improved business activity with higher bank debits and more employed workers. Gains include more connected telephones and increased electric consumption, while car loadings slipped and gas use fell, with several sectors like trucks and real estate posting mixed results.
Chicago AP reports cash grain prices with wheat and corn notes. Prices for No 2 hard wheat, No 2 yellow, oats, barley, and rye vary by grade and quality, showing limited ranges and mixed results across futures and cash bids.
Plans unveiled by H A Rundquist show the Peter Pan Bakers plant at 306 Sixth Avenue SE receiving a three year expansion finish with exterior refacing by Morehead Frederikson. Engineers W E Long of Chicago designed the overhaul to unify three sections into English architecture featuring green tile gables glazed windows and wrought iron grills.
Stark Building Co of Cedar Rapids will start construction on Rock Island Illinois sewage treatment plant this week. The firm won the contract last Wednesday for 500238 dollars as part of Rock Island’s three million dollar sewer system. The plant sits two miles downstream from the arsenal bridge and should be finished in about ten months.
A public safety lane will open Monday at Wagner Motor company 724 Third avenue SE where motorists may have brakes steering headlights and wheel balance tested. Inspections run through Saturday under a factory trained expert supervision.
Conveyances and mortgages recorded in Linn county for July 21 through July 27. Data shows 53 conveyances and 30 mortgages with total mortgages amounting to 72 874.35. Comparison with last year’s same week lists no figures for conveyances or mortgages but mortgages totaled 37 925. a0.
Dr. K W Woodhouse buys the semi bungalow at 2425 D avenue NE as he moves to Cedar Rapids to open an office. Fred E Collard and company also sold the W T Buckner estate residence at 1526 D avenue NE to Mr and Mrs Glenn E Bateman who take possession about Aug 1. The Bathkes purchase the 1060 Center Point road NE bungalow from Mr and Mrs Joseph Barta and plan to occupy it around Aug 15.
Remodeling and redecorating of the G. R. Kinney company store at 217 First avenue E is expected to be completed by next Saturday. A new red formica front is being installed and the entire interior is being redecorated.
Receipts Saturday totaled 149 cars, 187 a year ago, with higher quotations for several wheat grades. No. 1 heavy dark northern 73 34 to 75 34 cents, No. 1 dark Northern 72 24 to 74 34, fancy No. 1 hard Montana 75 24 to 78 34, No. 1 dark hard Montana winter 69 34 to 71 34, No. 1 hard amber durum 66 74 to 85 24, No. 1 red durum 59 34 to 64 34. Corn No. 3 yellow 39 34 to 41 54, higher quotations. oats No. 3 white 38 to 37 cents. Barley 28 75 cents.
Lamson Brothers and Company furnishes the Chicago grain quotations. H R Mowrey is the manager with a Cedar Rapids office located at 503 Merchants National Bank building. Phone contact listed as 2 3141.
The Wall Street market showed churning with no major change in averages while specialties posted new yearly highs. Utilities led the best performance and market advisers favor them as favorable news boosts the general list with a likely upturn. The July 29 week lists the 12 most active stocks.
The Cedar Rapids area shows numerous permit actions from home reroofs to new garages and commercial remodels. Notable entries include McIntyre Construction’s new dwelling and garage project totaling 4500 and 200 dollars respectively, and G. E King planning a reroof at 900 Sixth Avenue SE for 73 dollars.
The Gazette financial editor lists recent bond and stock quotations not as firm bids but as price ranges. Entries include Interstate Power Co 1957, Iowa Public Service Co 1957 and 1959, Iowa Public Service Co 542 1959, Towa Public Service Co 5 1968, and various Southern Utilities issues. Also shown are Sioux City Gas & Elec Co, Western Grocer Co, Rath Backing Co, and others with indicated yields or prices.
Plans for a new addition to the Cedar Rapids Coca Cola Bottling plant at 716 Fifth Avenue SE were announced by Burgess West treasurer and manager after a purchase from heirs of P. F. Half. The lot abuts the east side, through Hedges company, and the building will double the plant size with new equipment at an estimated cost of about 50000 dollars.
Charles R. Sexton and his wife will move to near Sioux City where he has taken a field man role in Prudential Life Insurance’s farm mortgage department. He previously worked six years at Cedar Rapids for Equitable Life and held posts with Speeder Machinery and as deputy under Sheriff Manchester.
New arrivals relocate to partnerships with local businesses as rentals are arranged. C C Berry moves from Marshalltown to the Montgomery Ward company store area and rents at 122 Sixth Street NE owned by Mrs. I W Faulkes. Walter Anderson from Madison occupies 1607 Maplewood Drive NE owned by Mrs. Helene N Douda and will move in Aug 1 with Mrs. Anderson. Dr Paul W Berney from Philadelphia will rent 219 Johnson Avenue NW owned by the John Havel estate and join Dr H R Ness around Aug 1. Fred E Collard and Co. arrange rentals including the Smulekoff apartment at 722 F Avenue NW for Mr and Mrs R S Dinsmore from Sioux City who will move to Cedar Rapids. Dinsmore works for the Iowa Highway Commission.
Market men report a quiet session with limited turnover and modest moves. Steel shares slipped despite favorable trade news while Coca Cola and Eastman Kodak posted gains. railroad bonds showed little activity as broad indices held flat.
Link-Belt Speeder Corp plans a 25 percent expansion of its Cedar Rapids plant at 1201 Sixth Street SW with a concrete steel and brick addition. The project extends the craneway 80 feet south and mirrors the new wing, enabling consolidation of shovel and crane departments from Chicago and Speeder Machinery.
Cedar Rapids Clearing House reports bank clearings for the week ending July 29 at 1,339,610.43 dollars, surpassing the prior year’s week and the preceding week. The week ending July 22 totaled 1,180,359.83 dollars, with July 20 at 1,031,759.40 dollars.
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