New Federal Lending Proposal Tops Business News This Week
A Roosevelt lending program aims for a total seven year outlay of 3.86 billion dollars with a maximum of 870 million by June 1 1940. Analysts expect slow capital flow and modest boost to small businesses while markets show muted activity and mixed stock results across the week.
MENTIONED IN THIS ARTICLE
Luuder W ‘Ssasnonon
Roosevelt
Ing
Washington News
Congress
Hopkins
Federal Reserve Board
Markets gn CAG PRODUCE butter receipts and arrivals steady
New York and Chicago market notes show receipts for butter and eggs steady with mixed prices. Creamery butter and U S No 1 potatoes listed with varied quotes. arrivals around 100 shipmen, overall market activity on track though some categories weaken or hold.
MENTIONED IN THIS ARTICLE
Cricago
Acore
Abc
Aes
Perkee
Alentis
Oeuther
Siete Peters
U. E
Ih Bilas
Unwaies
Rial Bliss
U. S
Lemin Bliss
U. S. Keit
New York
Buster
Enasie Creamery
Atate
Break In Corn Prices Marks Active Trading
Chicago notes a sharp corn market break with prices slipping up to 144 cents amid active trading. July and September retreat to near five year lows while December hits a seasonal low. Wheat curve shifts lower late, with exports and demand holding steadier as weather and sentiment influence prices.
MENTIONED IN THIS ARTICLE
Chicago
INS
Board of Trade
Liverpool
Winnipeg
Minneapolis
United States
Canada
Southwest
Coty
Eastman Kodak
Continental Can
England
New York City
Winnipeg market and Chicago provisions prices brief
Winnipeg market wheat quotes with open high low close figures for July and October and Chicago cash provisions listing No 1 Yellow hard No 4 hard corn and bean prices. Lard and bellies prices shown.
MENTIONED IN THIS ARTICLE
Winnipeg
Chicago
Minneapolis Cash Grain Prices and Averages
Minneapolis grain market report quotes No 1 dark northern hard and Montana wheat varieties with prices around 78 to 81 per cent protein, No 1 red durum and amber durum at mid 60s to 80s, No 3 yellow corn at about 43 to 45 and No 3 white oats near 29. Market averages for Jones.
MENTIONED IN THIS ARTICLE
Minneapolis
Minneapoli (Ap
Montana
Cedar Rapids Bank Clearings Dip Week Ending June 24
Heavy rains slowed business and drenched the area as Cedar Rapids Clearing House reported weekly clearings of 1,067,001.28 dollars for the week ending June 24, below 1,332,621.89 a week earlier and above the 1,042,789.89 recorded in the same week last year.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Cedar Rapids Clearing House
Grain Quotations From Chicago Ledger
Lamson Brothers supplies grain quotations with H R Mowrey listed as manager and a Cedar Rapids office at 503 Merchants National Bank building. The Chicago quotations memo notes contact details and office location for price information.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers and Company
H. R. Mowrey
Cedar Rapids
Merchants National Bank
Trade Barriers Rise Across States Threatening Free Trade
Local attorney Elmer A. Johnson warns that state tariffs and entry laws, quarantines, and taxes are increasingly barriers to interstate commerce. A Commerce Department survey notes wide restrictions on truck movements, dairy and dairy product rules, and labeling laws, with strong calls for nationwide reform to preserve a free trade area.
MENTIONED IN THIS ARTICLE
Uncle Sam
Elmer A. Johnson
United States
Commercial Law Division
Department of Commerce
Washington
Johnson
Congress
Collier’s Magazine
Collier's
NEA
Arizona
Kansas
Oklahoma
Wyoming
Iowa
Department of Agriculture
Minnesota
Agriculture Department
Mapping The United States Is A Job That Never Ends
The long profile of C E Ruebsam, engraver for the Interior Department, who hand crafts the official U S map on copper plates. It covers the 1938 edition, biennial updates, plate changes for districts including Virginia through Texas, and Utah redrafting, with notes on backward engraving, fonts, color plates, and the meticulous process of updating borders, parks, and surveys.
MENTIONED IN THIS ARTICLE
United States
Pyashington
C. E. Ruebsam
Department of the Interior
General Land Office of the Interior Department
Ruebsam
U. S
Ruebram
Tyre
Virginia
West Virginia
North
South Carolina
Tennessee
Kentucky
Georgia
Alabama
Utah
Mr. Ruebsam
Mapmaker Split Utah Into Rivers and Land Plates
In crafting a new Utah map Mr Ruebsam created two adjacent plates. One plate shows all features except rivers while the other consists only of river systems. The technique highlights how essential river networks are to geographic depiction.
MENTIONED IN THIS ARTICLE
Rivers
Utah
Ruebsam
Linn County Real Estate Conveyances and Mortgages Report
Conveyances and mortgages recorded in Linn county from June 16 to June 22, as reported by the Linn County Abstract Company, show 53 conveyances and 33 mortgages totaling 133,950 dollars. Compared to last year, there were 55 conveyances and 29 mortgages with aggregate mortgages at 59,725 dollars.
MENTIONED IN THIS ARTICLE
Linn County
Linn County ‘Abstract Company
Local Securities Price Ranges From Recent Transactions
The Gazette in Cedar Rapids Iowa notes that quoted securities are not firm bids but reflect price ranges from recent trades. It lists Central State Power Co Interstate, Iowa Public Service Co, Iowa Southern Utilities Series and related items with percentages and years, plus a call for interest in unquoted issues to the financial editor.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Raunds
Iowa
Central Statee
Ork
Einteratate Power Co
Iowa Public Service Co
Ics
Owa Public Service Co
Iowe Public Service Co
Owa
Southern Utilities Series
Iowa Southern Utilities Series
Fovea Southern’ Utilities
Yeegnee
Trends of Business and Utility Profits Across North America
Canadian carloadings for the week ended June 17 rose to 43,888 from 42,497 the prior week and 42,289 a year earlier. Country-wide department store sales were 6 percent above last year, with May’s industrial activity index at 94, down from 95 last month and 76 a year ago. Profits and incomes varied: American-Hawaiian Steamship 5 months ended May 31 at 230,690. Chicago, Rock Island and Pacific R.R. May income 89,543 vs loss of 443,988 year ago. 5 months net 379,593 vs loss 1,368,432. General Outdoor Advertising posted March quarter loss 244,098. Idaho Power May income 122,721. Louisiana Power and Light May income 64,296. National Power and Light 12 months to May 31 income 7,976,538. New Orleans Public Service May income 108,195. Privacy constraints prevent further details.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
American-Hawaiian Steamship Co
Chicago, Rock Island and
General Outdoor Advertising Co., Inc
Idaho Power Co
Louisiana Power and Light Co
National Power and Light Co
New Orleans Public Service, Inc
Investment Trusts Week's Most Active Stocks
Strength in specialty stocks led the New York market for the week ended July 24 with Rayon issues, notably Celanese and Industrial Rayon, showing marked strength. Loft Inc. rose to a new yearly high on near 10 percent of its capitalization in transactions. Observers welcomed the market’s reaction to foreign news and poised to buy on further strength next week. The 12 most active stocks were:
MENTIONED IN THIS ARTICLE
New York
Loft, Inc
Federal Reserve Board
Youngstown
Manhattan Railways
New York City
Manhattan
J. Penney and Liggett & Myers B
Texas
Sloss
Sheffield
Westinghouse
Union Pacific
Consolidated Edison
Stock Prices Move In Narrow Range In Dull Saturday Trade
Stock prices drifted in a narrow range in a dull Saturday session as traders waited on international developments and Washington politics. Turnover reached 120000 shares while a few issues stood out with gains, notably Loft, as steel, oils, and coppers showed mixed, slight movements amid broader market calm.
MENTIONED IN THIS ARTICLE
Washington
Wall Street
Lst
York
Building Activity and Business Changes in East Iowa Towns
In Waukon the Allamakee county courthouse project employs forty-eight workers. completion is set for December but delays persist due to steel and stone supply issues. Tipton sees the Tipton Implement Company change hands to John Cessford with Behr remaining briefly. Alburnett builds a Karch home addition and remodel. Troy Mills sees new service stations opened by Ball and Shaffer. Tipton IBP plans a one story ISOC building housing a local office and switchboard on Meridian Street. I O O F hall reroofed in Troy Mills.
MENTIONED IN THIS ARTICLE
Waukon
Allamakee County Court House
Tipton
John Cessford
Tipton Implement Company
Troy Mills
Frank Ball
Winthrop
St. Keller
William Shaffer
Joseph Deidtz
Center Point
C. N. Rowe
Leslie
Iowa State Telephone Company
Meridian Street
Fifth
Sixth Streets
Bennett Attends Home Loan Bank Board Meeting
Harris H Bennett secretary of the Perpetual Savings and Loan association returned from Des Moines after the Eighth district Federal Home Loan bank quarterly meeting. The board declared a 14 percent dividend and selected Robert L Hill of Boonville Missouri tied to the University of Missouri to handle public relations. Bennett joined the board reviewing committee and was named an alternate on the executive committee.
MENTIONED IN THIS ARTICLE
Harris H. Bennett
Perpetual Savings and Loan Association
Des Moines
Eighth District Federal Home Loan Bank
Robert L. Hill
Boonville
University of Missouri
Bennett
1938 Lumber Production In U S Drops 21 Percent
Washington report from the commerce department notes U S lumber production fell 21 percent in 1938 to 20.657 billion board feet from 25.997 billion in 1937. Consumption also declined and exports dropped to just over 1.060 billion board feet, 33 percent below 1937.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
United States
Department
Metals Prices in New York Released by Custom Smelters
Copper electrolytic 10 cents per pound delivered, with export 10.03. Casting F.O.B. refinery 93a, lake delivered 1044. Tin indicated with spot. Lead price in New York 4.85 to 4.90, East St. Louis 4.70. Zinc New York 4.88, East Louis 8 cents. Aluminum Virgin 20 to 21, antimony 13. Quickaliver 8.00 294.00 per flask of 8 pounds nominal.
MENTIONED IN THIS ARTICLE
New York
F.O.B
Lake
East St. Louis
East
Louis
Virgin
Chicago Livestock Market Report Recap Hogs Cattle and Sheep
Hogs show steady undertone with top around 715 dollars and estimated 500 head holdover. Cattle receipts about 100 with varied shifts. best grades steady to higher for light to medium weights, cows up, bulls and heifers mixed. Sheep receipts none with spring lambs firm to higher, natives and Californias showing price ranges across weight classes.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
U. S. Dept. Agnenture
California
Caliifornia
Also Mentioned on This Page
Thomas E. Flanagan
Association of American Railroads
Sears, Roebuck and Company
Great Britain
Associated Press
Hicher Arade Railros
Induatriaie
Agriculture Departments
Arkansas
Wisconsin
Middle West
Colo
Dakota
S Dakote
Web
Bruce Catton
Mississippi
Real Estate and Mortgage Reports
Local Securities
Iowa Securities
BON PS
Central States
Interstate
Power Co Wee Ito
Oahu
Pothn
Ee Hiteig
X Clan
Atern
Elec Co
Towa
Elec
Lt & & Pr Co
Lt & Pr Co
Towa Land & Ride
Serta
Ares United
Lt & Pr
United
Lt & A
Ada
United Lt & P
Lt & Ry
United Lt & Ry S
de Ware Wees
Lt & T
All United
United Press
General Business
Corporation News
Associated Frese
Loft, Inc Veneeran
Chrysler Motorg
Gevee
General Motors
Seetege
Maryland
Edison
Eng
Pub
General Electric
U. S. Steel
Eceereees
Guertety Inc
Ay Inc
Cluett Peabody Concen
Weceuse
Jas. E. Bennett & Co
Ween National Bank
W. H. Jump
Home Loan Bank Board
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