Business Rally Signals Mixed Industrial Outlook this Week
The week's business rally shows gains in retail trade and steel and motor output, but declines in freight carloadings and electric power. The AP index of industrial activity rose to 84.5, with construction boosts in Texas May residential contracts and Knoxville permits, while Detroit eyes uncertain prospects.
MENTIONED IN THIS ARTICLE
W ‘Assis We (Ap
Motor Pro
Be Commerce Department
Associated Press
Motors
Detroit Dispatches
Texas
Knoxville
Florida
Missouri
Iowa
Tennessee
Commerce Department
Washington
New York
Atlantic Seaboard
Chicago
San Francisco
Los Angeles
Canadian carloadings rise as store sales boost business trend
Week ended June 3 shows carloadings at 43 983 up from 41 572 prior week and 43 171 a year ago. Federal Reserve reports country wide department store sales up 9 percent from a year earlier, against an 8 percent gain prior week. Corporations report mixed results including American Telephone, Illinois Bell, and Western Union with various April and four month earnings figures. Grand Rapids Varnish announces a small dividend with dates set for June.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Corporation News
American Telephone and Telegraph Co
Erie R. R. Co
Illinois Bell Telephone Co
Interstate Department Stores, Inc
Rose’s
Inc
Sterchi Bros. Stores, Inc
Western Union Telegraph Co
Local Permits Reported For Homes Offices and Church Work
A weekly list shows numerous permits across the city including new dwellings churches garages and remodels. Notable entries include Mary Elizabeth Costello 3808 First Avenue E new dwelling with attached garage and Church of the Brethren 1057 Fourth Avenue SE new church both cited with large project costs.
MENTIONED IN THIS ARTICLE
Ella Day
Seventh Avenue
W. P. Janss
Nineteenth Avenue
A. C. Robbie
Twenty-sixth Street
Mary Elizabeth Costello
First Avenue
Laura Parker
Tenth Street
W. J. Camp
Twenty-first Avenue
David L. Holley
Twentieth Street
C. E. Cartwright
Third Avenue
Frank Senoulk
Bever Avenue
Esther Olmstead
Second Avenue
James Whipple
L. C. Jones
Mount Vernon Road
H. C. DeWitt
B Avenue
Joseph Petrus
A Avenue
J. A. Armstrong
Second Street
W. A. Hulsebus
Fifth Street
A. J
Viola Elsenbast
Sixteenth Street
W. J. Plummer
Church of the Brethren
Fourth Avenue
New Church
Harry Cohn
Park Terrace
Charles Webster
Ninth Street
W. W. Liston
B. O. Jandera
Mount Vernon Avenue
Joe McRand
W. C. Bachtal
Eighth Street
Earl J. Boyle
Washington Avenue
August Ellis
Jessie Towne
Thirtieth Street
Belle Butterfield
Willis Clark
Seventeenth Street
J. R. Nichols
Westwood Drive
G. Melenovsky
Twenty Sixth Street
Don Colgan
Highland Drive
H. L. Currier
Elizabeth Lindsay
Eleventh Street
H. J. Ewaldt
M. J. Poe
L. R. Niles
I. E. Jackson
Eighteenth Street
V. Nosek
Hamilton Street
Konrad Choosky
Seventh Street
Zobac Construction Company
Longwood Drive
J. L. Miller
Morton Main
Hugh Reimier
Sixth Street
J. F. Janda
Thirteenth Street
John Creighton
Frank Pusateri
Camburn Court
C. H. Champlin
E Avenue
Walter M. Krebs
John Barton
J. M. Reynolds
Hubbard Avenue
Vivien Buser
Frank L. Buser
Twenty Seventh Street
M. M. Sheronick
Sixteenth Avenue
Brazanski and Smith
Roboan Road
Hassar de Hook
Glen E. Peck
Vernon Drive
LeRoy Miller
Twentyeo Avenue
Remodeling of Iowa City Elks Club to Start Monday
Furnishings were removed last week for a $60,000 remodeling and addition to the Elks club. Work includes air conditioning, indirect lighting, leather finished folding doors, and fireproof flooring except in the Henry Louis room and Great hall. Contractors: Smith and Burger general, Iowa City Heating plumbing, W. P. Russell electrical, Karl's Paint Store decorating, Amana Society ventilation.
MENTIONED IN THIS ARTICLE
Iowa City
Elks Club
Smith and Burger
Iowa City Heating Company
W. P. Russell
Karl’s
Amana Society
Exports of Finished Goods Jump Fourfold Since 1853
New York Journal of Commerce data shows America's finished goods exports rising fourfold since 1853 while crude materials exports stand at 71 percent. Imports of finished goods fell 64 percent and crude materials imports rose 4 percent.
MENTIONED IN THIS ARTICLE
New York—America
New York Journal of Commerce
Wheat Prices Irregular In Weekend Trade
Wheat prices on the Chicago board of trade showed an irregular weekend movement with a fractional lower start followed by a modest gain before closing near unchanged. Oats rose to 35 cents, corn and rye price actions followed the reversal, while soybeans edged down. The winter wheat estimate matched expectations, but the spring winter crop forecast was bullish, and Liverpool markets remained weak with rust talk cited in Kansas.
MENTIONED IN THIS ARTICLE
Chicago
INS
Chicago Board of Trade
Crop Board
Liverpool
Kansas
Winnipeg
Winnipeg Wheat Market and Chicago Cash Provisions Summary
Winnipeg market shows July at open 60 high 61 low 60 close 60 with Oct 61/62 and Dec 63/64 variations. Chicago cash wheat reports no sales. No. 1 mixed 52.25c, yellow 52.25c, oats mixed 30-32c, No. 2 wheat 36-37c, lard tierces 35, bellies 7.00.
MENTIONED IN THIS ARTICLE
Winnipeg
Chicago
U. S
Chrysler Motors
General Motors Ee
U. S. Steel
Loft, Inc
Kroger
General Electric
Engineers P. Service
Montgomery Ward
Colgate
Merchants National Bank
W. H. Jump
Dee
Minneapolis Cash Grain Prices for Wheat and Oats
AP reports Minneapolis receipts Saturday at 327 cars. Wheat prices hold steady with No. 1 heavy dark northern at 84 c per bushel and No. 1 dark northern at 83 c. No. 1 hard Montana varieties show 84 c to 86 c depending on protein. durum and amber durum priced around 85 c to 85 c. Oats No. 3 white quoted at 31 4 to 33 c.
MENTIONED IN THIS ARTICLE
Minneapolis
Montana
Dow Jones Averages Report With Mixed Close
The Dow Jones Industrial Average stood at 140.14 after a 0.05 point gain. Bonds and utility indices showed declines while overall stock movements were modest with 65 stocks trading and 54 transactions noted.
Chicago Produce Market Reports Varied Potato Prices
Arrivals total 191 carloads with 154 on track and 280 on way as new stock shows wide price ranges. Alabama Bliss Triumphs and Louisiana Bliss Triumphs notes include washed and unwashed grades with decay, while Idaho russets and long whites appear with moderate to stronger demand. Egg receipts total 29,083 with steady prices across storage packets and firsts to extras.
MENTIONED IN THIS ARTICLE
Chicago
API
U. S. Dept. Agriculture
U.ts
Alabama Bliss
Alabama
Louisiana
Bliss
Mississippi
U. S
Texas
Bliss Ness U
Idaho
New York Eggs and Butter Prices Mixed as Receipts Hold Steady
AP report shows eggs with mixed colors and varied grades, overall receipts steady at 32,736. Butter prices firm with creamery unsettled and a notable $2 score listed. cheese receipts total 203,092 with prices unchanged.
MENTIONED IN THIS ARTICLE
New York
Custom smelters' prices for delivered metals list
New York Friday market report shows Saturday delivered metals prices in cents per pound for electrolytic copper 10.10 to 10.14, tin and lead quotes, zinc and aluminum figures, and aluminum alloy prices. Key centers include New York and East St Louis with listed refinery and dock prices, plus a Virginia oxide option.
MENTIONED IN THIS ARTICLE
New York
Castiol F. O. B
Lake
Spot Straits
East St. Louis
Zine
Virgin
American
Week's Most Active stocks push higher in late week trading
New York stocks rose again in a quiet, steady uptrend since early April. Specialty shares led with several hitting new highs for the year as the market finished the week on a strong note. The list shows the twelve most active stocks and their closing ranges.
MENTIONED IN THIS ARTICLE
New York
Poisons and Putrefaction Myths in Bowel Health Claims
A physician criticizes quack theories of auto intoxication from intestinal putrefaction and urges readers to rely on factual physiology. He denounces psyllium hype, promotes flaxseed and wheat for laxation, and laments medical charlatanry while touting evidence over fear.
MENTIONED IN THIS ARTICLE
Wood
U. S
William Brady
M.D
D.P.M
F.A.M.A
B.J
Brady
Grain Quotations From Chicago Furnished by Lamson Bros
Lamson Brothers and Company provide Chicago grain quotations guided by H. R. Mowrey. Local Cedar Rapids office at 503 Merchants National Bank building handles inquiries and updates.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers and Company
H. R. Mowrey
Cedar Rapids
Merchants National Bank
Markets At A Glance In Quiet Trading
United Press notes stocks irregular as bonds firm and U S governments dip. Call money at 1 percent. Foreign exchange steady. Cotton futures steady. Grains in Chicago firm with wheat up fractions and corn up fractions. Silver falls to about 1913 16 pence in London.
MENTIONED IN THIS ARTICLE
United Press
U. S
Chicago
London
Linn County Registers 1 097 New Cars This Year May Totals
Linn county records show 1 097 new cars and 166 new trucks registered since January. May registrations exceed last year, with a nine year May history and first five months totals: January 182 cars 36 trucks February 126 15 March 204 42 April 281 38 May 304 35.
MENTIONED IN THIS ARTICLE
Linn County
Linn
Linn County Real Estate Conveyances and Mortgages
Conveyances and mortgages recorded in Linn County from June 2 to June 8 are listed by Linn County Abstract Company. The report shows 56 conveyances and 36 mortgages totaling 94,950 dollars for the week, with figures for the same week last year not fully shown.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Bank Clearings Rise in Cedar Rapids Week
Cedar Rapids bank clearings for the week ending June 10 totaled 1 275 889 77 dollars, up from the prior week and modestly above the year earlier figure. National totals from Dun and Bradstreet show US cities' clearings at 5 715 950 000 for the week ended June 7, a 2.9 percent drop from 1938.
MENTIONED IN THIS ARTICLE
Cedar Rapids
United States
Dun and Bradstreet
Real Estate Transfers In Kingston and Cedar Rapids
Real estate transfers recorded in 1939 include H W Diers and wife selling 28.75 feet of lot 3 block 18 Kingston to Perpetual Savings and Loan Assn with a retained mortgage lien for title protection. Virginia Vanish Van Zandt and husband transfer Lot 15 block 4 Well Park Add CR to John T Breslin and back to Van Zandt and Clifford Van Zandt as joint tenants. The Hedges Co Inc transfers parts of lots 7 and 8 block 4 Beversist Add Cedar Rapids to Fannie M Hedges. Each deed notes covenants and $1 and value consideration. 4-5-39 to 4-12-39.
MENTIONED IN THIS ARTICLE
H. W. Diers
Perp. Savings and Loan Assn
Kingston
Virginia
van Zandt
John T. Breslin
Clifford D. van Zandt
Park Add
the Hedges Co (Inc
Fannie M. Hedges
Cedar Rapids
Portraits on Aluminum In Chicago By Miss Buell Mullen
Industrial designers explore painting portraits on aluminum discovered by Buell Mullen. Potential uses include murals for buildings trains and aluminum transport planes. A service station study notes per 1000 gallons of gasoline sold motorists buy 30 gallons oil 10 lubrication jobs spend 24 on tires and tubes 6 on batteries 14 on accessories and 3 on miscellaneous labor.
MENTIONED IN THIS ARTICLE
Chicago
Buell Mullen
Chicago Livestock Market Report Sees Sluggish Trade
Hogs show minimal sales with salable supply tight and top quotes around 6.60, while cattle receipts remain robust but demand drags. Yearling and light steers down 25 to 40 cents, fed steers heavy weights weak, cows and heifers off 25 cents, prime steers top near 12.15 with carry to 12.75, sheep and lambs mixed with price declines noted across classes.
MENTIONED IN THIS ARTICLE
Chicago
Atlantic Seaboard
Lee Ne
Visit Of Royalty Detracts Interest From Stock Market
The stock market drifted irregularly lower after a high day with limited volume. King George and Queen Elizabeth drew crowds in New York dullness while steel prices rose slightly in Pittsburgh and traders eyed foreign exchange shifts and bond softness.
MENTIONED IN THIS ARTICLE
New York
George
Queen Elizabeth
Wall
School Teacher Invests In New Apartment House
Miss Bernice Pratt, Franklin high school teacher, purchases a three apartment house at 202 Eighteenth street NE to be built by I. E. Jackson. Bedell Nissen company handles the sale alongside O. P. Myers and Oscar Lundquist as listed brokers in multiple city transfers.
MENTIONED IN THIS ARTICLE
Bernice Pratt
Franklin High School
Eighteenth Street
I. E. Jackson
B Avenue
Bedell-Nissen Company
D Avenue
B. D. Bedell
Ellis Boulevard
Rufus W. Collette
Seventh Avenue
Leo M. Ford
E. A. Bittle
Fourth Street
Eleventh Street
Perpetual Savings and Loan Association
Center Point Road
Fifth Street NW
Edith Williamson
Elmhurst Drive
Laurance White
K Avenue NW
O. P. Myers
Johnson Avenue
George W. Eye
Paul A. Colony
Blake Boulevard
Oscar Lundquist
Ja J. Zacher
California Woman Sells Four Houses
Mrs. Mary S. Davidson of Long Beach California with the Hedges company sold four local properties including 1122 Eighteenth Avenue SW 1144 Sixteenth Avenue SW 1126 Sixteenth Avenue SW and 857 Nineteenth Street SE to multiple buyers. The agency also handled transactions for 878 Twelfth Street NE and a vacant lot on Gwendolyn Drive NE and other sales with Higley Land company and A G Bauder.
MENTIONED IN THIS ARTICLE
Robert F. Knight
Long Beach
Calif
Hedges Company
Eighteenth Avenue
Maynard D. Schulze
Rockford Road
Sixteenth Avenue
Edward D. Roy
Second Avenue
Robert Roy
Fifth Avenue
Nineteenth Street
Raymond White
B Avenue
Mary S. Davidson
Eighteenth Street
Fourth Avenue
Frank Ehrenberger
Twelfth Street
Cold Stream Farms, Inc
V. W. Stelcik
Seventh Street
Clarendon Hills
Gwendolyn Drive
Higley Land Company
Paul Hruska
Sixth Avenue
A. G. Bauder
Fannie M. Hedges
Ridgeway Drive
Mahlon Smith
Hamilton Street
Local Securities Bond Price Range Notice
The following quotations indicate price ranges from recent transactions and should not be construed as firm bids or offerings. For issues not copied, contact the financial editor at The Gazette Cedar Rapids Iowa.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Iowa
Iowa securities and bonds notes reference utilities and power
Fragmented OCR lists various Iowa securities and bonds including Central States Power and Light 6% issue, Interstate Power Co 5 and 7% series, Iowa Public Service Co 5 1957 1968 issues, and references to utilities, universities, stadiums, and regional towns. It reads as a catalog of rates, series, and years with scattered place names and entities.
MENTIONED IN THIS ARTICLE
Central States
Choc Bedias
Interstate Power Co
Iowa Public Service Co
Io Bis Bd
University Stadium
Cedar Falls & Worth
Interstate Power
Towa
Southern Thern’ Utilities Co
Iowa Southern Utilities
Sioux City
Dee! Go
Building activity and business changes in East Iowa towns
In Marengo last week, John R. Reynolds turned over Reynolds Clothing to his brother Har old Reynolds and will join Addressograph. La mon Sanders opened a barber shop in the Harrier building, west of the city park, with Louis Colson opening in the former Sanders site. C. E. McLeod plans a Philgas service and sales room. Iowa county conservation offices moved from the Marengo post office to Williams burg.
MENTIONED IN THIS ARTICLE
Marengo
John R. Reynolds
Reynolds Clothing
Harold Reynolds
Addressograph
Lamon Sanders
Corwith
Harrier
Louis Colson
Paine
Sanders
C. E. McLeod
Philgas
Iowa County Conservation
Marengo Pet
Williamsurg
Tipton Man Sells Home and Farm Plans Move to Reeder Estate
Tipton Herman Martin sells residence and five acres inside Tipton to Alfred Crichel of London. Possession on March 1, 1940. Martin has purchased 83 acres of the J. W. Reeder estate northwest of Tipton and will move his family there.
MENTIONED IN THIS ARTICLE
Tipton
Herman Martin
Alfred Crichel
London
Mr. Martin
J. W. Reeder
Roush Store Building Trade Near Anamosa Farm
A deal closed last week transfers the building housing the Roush clothing store and an upstairs living apartment for the 90 acre Paul Cooper farm east of Anamosa. Roush will retain his lease this year.
MENTIONED IN THIS ARTICLE
Wyoming
Roush
Paul Cooper
Anamosa
Bakery Lease Transfer at Cresco East End Site
Pecorah D H Bender operates the Cresco bakery and has leased the East End site formerly run by Carl Dorseth. Bender now heads the venture with Norman Abe, previously of Calmar and Asian background, as associate.
MENTIONED IN THIS ARTICLE
Pecorah
D. H. Bender
Cresco
East End
Carl Dorseth
Bender
Norman Ae
Calmar and
Asian
Farm Income Grows Since 1932 by Nearly Three Billion
A historical note records that since 1932 the gross American farm income has risen by about 3.0007 billion dollars, reflecting long term agricultural earnings growth across decades. The figure illustrates steady expansion in farm revenue over the era.
Also Mentioned on This Page
Thomas E. Flanagan
The
General Business
Grand Rapids Varnish Co
U. S. Foreign Trade
DOW Jones
Metals Markets
Personal Health Service
William Brady, M. D
Steenee
Real Estate and Mortgage Reports
Pittsburgh
American Iron and Steel
South
Norwalk
Tire
Philadelphia Reading Coal and Iron
American Air Lines
California
Local Securities
Ominal d
Elec
United Bk R
States
Elec. Co
Central _States
Comas
Towa Mec. Co
Towa Elec
Peters
Towa Lee
Iowa Ee
la Plant Choate Te. Co
Ogte Conmaen
Lt. G
United Lt. & Ry
Iowa Securities
Joseph Kushner and
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