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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 31, 1938
Page
20
National Business Weather Vane Signals Steel Uptick Despite Mixed Data
The week shows optimism in the economy with steel output accelerating and New York shares at yearly highs. Manufacturing, oil, copper, railroad equipment, and autos lead gains while retail trade slows due to heavy rains. Unemployment relief rolls fall in Pennsylvania and Boston, with Texas job placements rising. Georgia textile mills return to full operation as Atlanta shoe orders lag.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
W “Eto (Ap
Commerce Department
Ward
Department
Pennsylvania
Boston
Texas State Employment Service
Dallas
Georgia Textile Mills
Atlanta
Cedar Rapids Named Top Spot for Business Focus by Forbes
Cedar Rapids appears in Forbes August issue as a top U S city for concentrating sales efforts collections and promoting business operations. It centers the fourth best highspot territory with fourteen nearby cities, showing a nine percent median loss from last year amid overall bigger territories.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Forbes Magazine
United States
Building Permits Down Overall in First Half 1938
Secretary Frances Perkins reports total building permit valuations for January through June 1938 at 782.697 million dollars, an 11 percent drop from the same period in 1937. June permits rose 18 percent from May, with nonresidential up 45 percent and residential up 12 percent.
MENTIONED IN THIS ARTICLE
Washington
LLP
Secretary of Labor
Frances Perkins
Hughes Predicts Shipless Oceans
Howard Hughes imagines a future with ocean free of ships as aviation becomes fastest safest and cheapest transport. He envisions large passenger and freight planes docking above New York harbor with expert pilots and new instruments, making surface shipping fade away and forecasting aviation as the era’s infant industry.
MENTIONED IN THIS ARTICLE
New York
Howard Hughes
Sportsman Flyer
Collard Company Rents Four Cedar Rapids Homes to Newcomers
Fred E. Collard and company rent four Cedar Rapids properties to newcomers. The Olivia Roth residence at 375 Twentieth street SE goes to Roy Bramsen and family of Des Moines, manager of Diamond T Truck Sales. The L. A. Lyon residence at 2035 Linn boulevard SE goes to George Conrad and family from Marshalltown, employed by Farmer’s Implement. Mrs. W. A. Nunemaker’s bungalow at 3015 E avenue NE goes to C. J. Clutinger and family from St. Louis, manager of Blue Valley Creamery. The firm also rented the storeroom at 316 Second avenue.
MENTIONED IN THIS ARTICLE
Fred E. Collard
Cedar Rapids Casket Firm Hires New Manager
B Moen, recently moved to Cedar Rapids, takes the role of manager at the Cedar Rapids Casket company.
MENTIONED IN THIS ARTICLE
Cedar Rapids Casket Company
B. Moen
Cedar Rapids
Lindy's Launches Doorstep Personal Meal Service
Lindy's on First Avenue and Eleventh Street introduces Lindy's Personal Service a home meal delivery option. The program delivers cooked food and bottled drinks to customers who cannot cook or are at the office with no time to return home. Containers keep hot foods hot and cold foods cold. The service runs with Shoppers' Service and adds only their service fee to the regular food prices.
MENTIONED IN THIS ARTICLE
Lindy’s
First Avenue
Eleventh Street
Lindy
Permits Issued For Homes And Remodels In Last Week
Local blog lists permits including Jack Stafford remodeling at 1249 Thirtieth Street SE for 100 dollars and Leonard Tait building a new dwelling at 1801 Blake Boulevard SE for 3900 dollars. Other projects cover reroofs, garages, and commercial remodels across SE NE NW SW and downtown areas.
MENTIONED IN THIS ARTICLE
Jack G. Stafford
Thirtieth Street
Jack Darragh
Third Avenue
Edwin Murray
Fifth Avenue
Leonard Tait
Blake Boulevard
E Dunham
Sixteenth Street
Fridden Barta
Mount Vernon Avenue
Nye Realty Company
A Avenue
Herbert Stamats
Forest Drive
Beenk Real Estate
Mount Vernon Road
Hedges Company
Avenue
D. D. Robertson
Hubbard Avenue
F. V. Slazak
O'Meara
Charles Zvacek
Sixth Avenue
Thomas F. Gaines
Second Street
M. I. O’brien
C Avenue
Skelly Oil Company
Eleventh Street
Darrell Ceves
A. Rompot
Twelfth Avenue SE
Emery Kennedy
Eleventh Street NW
Bank clearings dip for week ending July 30 1937
Bank clearings fell from 1 134 949.06 to 1 031 949.06 for the week ending July 30. Both figures exceed the same period a year earlier. For the week ending July 31 1937 the clearing house statement shows 972 520.78.
Iowa Leads Nation in Hardware Sales Rise in June 1938
Iowa was the only state to show an increase in retail hardware store sales for June 1938 over June 1937 with a 12 percent rise. It also led the six months' average with a two percent gain. Nebraska was second with no June change. other states fell, but dealers expect growth through appliance promotion and expanded field selling.
MENTIONED IN THIS ARTICLE
Indianapolis
Iowa
National Retail Hardware Association
Nebraska
Tennessee
Ohio
Colorado
FHA Seeks Simplified Foreclosure Law Across States
The Federal Housing Administration backs a bill to simplify foreclosure by power of sale with court optional checks, limited deficiency judgments, and a 30 day redemption period. It aims to reduce costs for lenders and expand loan availability while protecting borrowers. The act allows borrower possession and rent rights before sale if repairs are kept up.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
FHA
Lee H. Chandler Plans Modern Bungalow Purchase
Lee H. Chandler, 1356 G avenue NE, bought a lot in Mound Farm through Hedges company for an early modern bungalow. Hedges also handles a colonial bungalow sale at 2507 D avenue NE to C. K. Buchan, 2200 Grande avenue SE, and a home at 2314 E avenue NE to Maurice Moore, 2413 A avenue NE.
MENTIONED IN THIS ARTICLE
Lee H. Chandler
G Avenue
Mound Farm
Hedges Company
D Avenue
C. K. Buchan
Grande Avenue
E Avenue
Maurice Moore
A Avenue
Checker Electric Named Delco Stoker Dealer
Checker Electric Supply announces its appointment as the dealer in the area for the Delco coal stoker. The unit is marketed by the Delco Frigidaire division of General Motors. The firm offers year round climate control equipment including heating cooling humidifying and dehumidifying and ventilation. The new stoker uses low priced coal and automatic operation with three models available for homes.
MENTIONED IN THIS ARTICLE
Checker Electric Supply
Delco
Delco-Frigidaire Conditioning
General Motors Sales Corporation
Local Securities Quotation Snapshot From Cedar Rapids Gazette
The financial editor notes price ranges from recent transactions for several issues including Central States Pr and Corp Interstate Power Co Iowa Southern Utilities Rath Packing Co Sioux City Gas and Electric Co Western Grocer Co and Western Grocer Co common. Prices shown are indicative not firm bids.
MENTIONED IN THIS ARTICLE
Theuzette
Cedar Rapids
Iowa
Gentral States
Pr. & Corp Interstate Power Co
Iowa Southern Utilities Co
Iowa Southern Utilities
Rath Packing Co
Sioux City Gas & Elec. Co
Western Grocer Co
Waterloo
Cedar Palis & Northus
Steel And Automobile Shares Rally On Saturday Market
Market on Saturday saw steels and auto stocks rally moderately but with limited buoyancy. Profit taking near the close trimmed early gains and transfers were low. the AP average held steady while weekly results showed a sizable retreat from mid year gains.
MENTIONED IN THIS ARTICLE
Steel and Automobile
Associated Press
Commission House
U. S. Steel
Bethlehem
General Motors
Chrysler
Anaconda
Kenne<cott
U. S Rubber
Sears Roebuck
International Harvester
Bendix
Richfield Oil
American Telephone
du Pont
Coca Cola
Childs Co
Southern Pacific
Commercial Solvents
Standard Oil of
New Jersey
Hyork (Ap
White Steels
Motors
Burch Leases Used Car Lot Beauty Studio Partnership
Harley Burch of Brooklyn leased the Catchall used car lot from Ross V. Coutts and will run a used car business. Miss Helen Bacon of the Beauty Studio sold a half-interest to Miss Helen Palmer of Osage. Burch will partner with Martin J. Schwab after leaving Hagen Brothers. Bacon trained at Thompson's Beauty College in Des Moines.
MENTIONED IN THIS ARTICLE
Gazette
Grinnell
Harley Burch
Brooklyn
Ross V. Coutts
Helen Bacon
Helen Palmer
Osage
Burch
Hagen Brothers
Chevrolet
Martin J. Schwab
Grinnell Ford Co
Miss Bacon
Thompson's Beauty College
Des Moines
Suburban Gas Co. Becomes Iron Fireman Dealer
The Suburban Gas company at 220 First Street NE has been appointed dealer for Iron Fireman stokers in Cedar Rapids and Marion. The new models on display show advances in stoker design with rounded lines and enclosed quiet operation. All units feature a new volumeter for automatic air mixture control and maximum combustion efficiency.
MENTIONED IN THIS ARTICLE
First Street
Cedar Rapids
Marion
June Payrolls and Profits Across Major Industries
American Tron & Steel Institute reports June steel payrolls at 46.706 million dollars, 425000 employees. Dominion bureau notes Canadian carloadings 43820. Federal reserve shows department store sales 12 percent below year ago. Several firms report June quarter results including American Bank Note Co and United Gas Improvement Co with mixed profit and loss versus year-ago periods.
MENTIONED IN THIS ARTICLE
The
United Press
General Business
American Tron & Steel Institute
Dominion Bureau of Statistics
Federal Reserve Board
New York
Corporation News
American Bank Note Co
Consolidated
American Dynamics Co
Calumet and Hecla Consolidated Copper Co
Canada Dry Ginger Ale, Inc., and Subsidiaries
Fairbanks Co. and Subsidiaries
Quaker State Oil Refining Corp
Standard Gas and Electric Co
Deep Rock Oil Corp
Beaver Valley Traction Co
Pittsburgh Railway Co
United Gas Improvement Co
Linn County Real Estate Mortgages and Conveyances Report
Linn County Abstract Company's weekly record covers July 22 to July 28. Conveyances total 13 and mortgages 22 accumulating to 37 925 dollars. Compared with last year there were 29 mortgages totaling 82 643 dollars in the same week.
MENTIONED IN THIS ARTICLE
Linn County Abstract Company
Linn County
U. S. Philatelic Bureau Displays 44 000 Specimens
In Washington the post office department's philatelic bureau shows 44 000 U S stamps on display at the Benjamin Franklin post office. The collection includes 10 060 foreign stamps from 88 countries, plus recent commemorative and new regular issues.
MENTIONED IN THIS ARTICLE
Washington
Post Office Department
Philatelic Bureau
United States
Benjamin Franklin
International Postal Union
Markets At A Glance From The United Press
Stocks firm and quiet while bonds vary. U S government bonds steady. Curb stocks uneven. Chicago stocks fluctuating. Foreign exchange firm against the dollar with futures up around 50 cents. Grains in Chicago show wheat firmer up about half to three quarters cent, corn weaker about 1 to 1.5 cents. Silver in London unchanged at 193.75 pence per ounce.
MENTIONED IN THIS ARTICLE
United Light
Pitney Bones
Pantepec
International Petroleum
Fisk
Aluminum
American
Consolidated Gas
Baltimore
Gulf Oil
Humble Oil
American Cyanamid
Hollinger
Chicago
The
United Press
U. & Govern
London
Also Mentioned on This Page
Thomas E. Flanagan
American Iron and Steel Institute
Wen Serpornte
Daore
Eevee Aeonsee
Maryland TV
Nor Am Tr
Am Trustee Ltd
Euro Trustee Ltd
U.S
Elec
EE Mass Invest
PTAN
Combustioneer
Quality Home
Second Avenue SE
Hughes
Atlantic
New York Harbor
Europe
Collard Company
Phy
Third Street
Checker Electric
Local Securities
States
Elec. Co
Aye
Tiooser Vole
Towa Elec
Lt & Pr Co
Lt & Pr. Co
Towa Land & Bldg
United
Lt. & Pr 5S 2 195 . 30934 10614 United Lt. & Pr. 612 1974 . . United Lt
United Lt. & Ry
United Lt
Central States
Central
Iowa Elec. Co
Iowa Elec Co
Tecete
Wbekpeates
Lowa Elec
D& Pr
LaPlant Choate Mf. Co
6 & Ry
Suburban Gas Co
Business Trends
Real Estate and Mortgage Reports
U. S. Philatelic Bureau
J. B. McGladrey Company
Certified Public Accountants
Burlington
Davenport
Iowa City
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