Pleasant Surprise In Trade And Industry News
THOMAS FLANAGAN reports a mild mid year uptick in business sentiment across sectors. Stock market gains, rising prices for textiles and raw materials, steel price cuts by United States Steel, and modest gains in manufacturing and retail activity signal a firmer outlook despite lingering recession concerns. Economic indicators show higher steel production capacity use, slight power output dip, small rail carload gains, and a rise in the AP index reflecting a cautious improvement in activity.
MENTIONED IN THIS ARTICLE
A Y Ashington
Worth Street
New York
United States Steel Corporation
Steel Corporation
Wall Street
Richter Acquires Nash Motors Agency in Cedar Rapids
E T Richter, long tied to Nash Motors Chicago wholesale division, has bought the local Nash agency from Edwards Nash Sales at 728 Second Avenue SE. The firm will be Richter Nash Sales, serving eastern Iowa. Edward P Edwards leaves for Rock Island late August.
MENTIONED IN THIS ARTICLE
E. T. Richter
Chicago
Nash Motors Company
Nash
Edwards Nash Sales
Second Avenue SE
Richter Nash Sales
Iowa
Edward P. Edwards
Rock Island
FHA Will Be Four Years Old Monday
The federal housing administration marks its fourth anniversary with total business over 2.5 billion dollars. About 1.825 billion in small home mortgages, 610 million in property improvement loans, and 85 million in large scale projects approved. Since February 3, 1938, amended act, roughly 500 million of the total has been transacted. More than half of financed homes cost under 5,000 dollars and about half of buyers earn under 2,500 dollars yearly. It now pays its operating expenses except for prop erty improvement program costs and accrues roughly 10 million in annual income from premiums and fees. A reserve near 21 million dollars stands against losses of only 32,250.
MENTIONED IN THIS ARTICLE
Washington, DC
Federal Housing Administration
Bank Clearings Rise in Cedar Rapids Week Ended June 25
Cedar Rapids bank clearings for the week ending June 25 rose above the prior year, totaling 1,042,769.69 dollars. The comparison week in 1937 reported 995,251.95 dollars, with the week ending June 18 reaching 1,110,263.50 dollars.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Cedar Rapids Clearing House
Toledo Woman Buys Hollabaugh House in Toledo Ohio
Miss Luella Warner of Toledo Indiana bought the bungalow at 3220 E Avenue NE from John Hollabaugh. The sale was arranged through Fred E. Collard and company. There is a note that Esperanto clubs exist in nearly all large cities.
MENTIONED IN THIS ARTICLE
Luella Warner
Toledo
E Avenue NE
John Hollabaugh
Fred E. Collard and Company
Peter F Bailey Buys New Colonial Home
Peter F Bailey and wife purchase the modified Colonial home being erected by Frank L Buser at 2651 Bever avenue SE The sale was brokered by the Hedges company which also arranged the sale to Mrs C Miller of Cedar Rapids of a house at 3170 Grove Court SE owned by Associated Mortgage of Minneapolis and the sale to Maurice Moore of 2413 A avenue NE of Vivien Buser built Colonial home at 2306 E avenue NE William J Meehan buys the house at 1317 M avenue NE formerly owned by Hedges company
MENTIONED IN THIS ARTICLE
Peter F. Bailey
Eighteenth Street
Frank L. Buser
Bever Avenue
Hedges Company
C. Miller
Cedar Rapids
Grove Court
Associated Mortgage Company
Minneapolis
Maurice Moore
A Avenue
E Avenue
Vivien Buser
William J. Meehan
Thirty-second Street
M Avenue
The
Iowa Securities and Utilities Auction List 1953
A fragmented OCR snippet lists local securities and utility company notes for Iowa firms. Mentions Central States Power, Iowa Public Service Co, Southern Utilities, Interstate Power Co, Rath Packing, Sioux City Gas & Electric, Western Grocer Co, and university stadium references with various percent yields and share classes.
MENTIONED IN THIS ARTICLE
Iowa Securities
Ends
Central States
Bt Toute Pustle Service Co
Iowa Public Service ‘Co
Interstate’ Power Co
Towa Southern Utilities
Con
Southern Utilities
Rath Packing Co
Sioux City Gan
En Western Grocer Co
Western Grocer Co
Permits Issued In The Last Week Local Blog
A long list of building permits is reported, naming numerous individuals and firms with addresses and permit values for new dwellings, garages, reroofing, remodeling, and commercial work. The column also notes that fifty seven Chinese steamship companies with Shanghai HQ were shut by a Japanese blockade on the China coast last year.
MENTIONED IN THIS ARTICLE
Shanghai
China Coast
Wheat Prices Close Day Two Cents Higher
CHICAGO AP Wheat prices rose two cents on Saturday from Friday's close aided by reports of heavy rainfall in the southwest wheat belt and NYSE strength. Heavy shorts covered as August futures pushed higher with September at 78 5/8 cents. Corn and oats mirrored the market modestly while July oats saw gains and a vessel chartered for 100000 bushels to montreal.
MENTIONED IN THIS ARTICLE
Chicago
Southwest
New York Stock Exchange
Montreal
Newcomer Rentalsouses Family Moves In Across Town
New residents include A Harlow and Mrs Har low settling a rental at 24060 avenue NE from Nashville. The Vale family moved from Maquoketa to 2300 B avenue NE with Vale in the implement business. Benedict, from Davenport, rents 106 Park Court SE apartment linked to Bishop Cafeteria company. James Risk and family of Walker rent 1730 Park avenue SE. Risk operates Polk grocery. Fred L. Bowers, formerly with Penick and Ford, rents 2010 Second street SE.
MENTIONED IN THIS ARTICLE
A. Harlow
United States
Harlow
Nashville
Davennport
Park Court SE
James Risk
Walker
Park Avenue
Risk
Polk
Collard’s
Fred L. Bowers
Penick and Ford, Ltd, Inc
Marion
Second Street
Shares Rally Through Week As Steel Wages Quell Fears
Broadan Wall reports stocks end week higher after a volatile session driven by steel wage assurances denial and strong buying in steel names. Market turnover hit 1.26 million shares, led by chemicals and autos, with notable gains in DuPont, Chrysler, and International Harvester while rails lagged.
Also Mentioned on This Page
Trade and Industry News
Thomas Flanagan
Roosevelt
Business News
Public Works Administration
American Iron and Steel Institute
Edison Electric Institute
Association of American Railroads
Ward
Industrial
Associated Press
Department of Commerce
Nash Motors Agency
Hollabaugh
Aeee Hck
Geel Phey Kyee
Third Street
Nellie Ross
West Point
N. Y
United States Treasury
Denver
Colo
Fort Knox
Hudson River
Local Securities
Rreent Transactiona
Gary
Ssnes
Azette
Central Towa
Roosevelt Hotel
Towa Elec. Co
Iowa Elec. & Pr Co
Elec
Oo &T
LaPlant Choate Mfe Co
Nationa Oats
United United Lt. & Ry
Maryland Fund
L& A la
BEL & P Vic
Cs Maks Invest Tr
J. Hurd
Memorial Drive
W. C. Elarton
First Avenue
Hugh E. Rick
Thirty-third Street
Anna Tomec
Hamilne Street
G. Hansen
Milver Kulhavey
Lena Crissinger
Josef Teply
Frank Shimek
Wilson Avenue
George Abodeely
Ninth Street
A. H. Beadle
G Avenue
Joseph Kralik
J Street
F. Podzimek
Eleventh Street
T. Marion Jones
Frank Kirdl
Shaver Road
Edmund Schenk
Charlies M. Hamer
Twenty Sixth Street
Hawkeye Tin Shop
C. HW. Lakehart
Sixth Avenue
B. E. Dunham
Sixteenth Street
Krebs Dairy Foods, Inc
Joseph Belehrad
Oakland Road
Howard Marten
C Avenue
J. F. Whitman
Daniels Street
George W. Baker
B Avenue
Sam Haddy
Fifth Avenue
Joseph Petrus
Kenneth Price
Tenth Street
New Commercial
Theo, Stark
Fifth Avenue SE
N. W. Brammer
Third Avenue SE
Malcolm V. Bolton
Com
Dickkinson Serreteria Scheel Sie C
Dial
J. B. McGladrey Company
Certified Public Accountants
Burlington
Davenport
Iowa City
Newcomer Rentals
U. S. Steel
0. S. Steel
le York
INS
U. S
Pittsburgh
National
Bethlehem
Philip Morris
du Pont
Jead
Chrysler
General Motors
Consolidated Edison
International Harvester
Congress
Westinghouse
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