Business Reaches Highest Early Spring Level Since 1930
The AP reports a strong surge in U S business and industry to the highest early spring plateau since 1930. Retail trade gains arise from winter orders, spring goods sales, and weather-driven buying. Auto output and freight car loadings lead the rise while Treasury financing and Roosevelt tax proposals boost market optimism.
MENTIONED IN THIS ARTICLE
Rader Winget
Associated Press
Department of Commerce
U. S. Treasury
Treasury Securities
Treasury
Steel Operations To Reach Highest Level In Six Years
Youngstown district steel ingot operations will hit 70 percent of capacity next week, the top in six years. Managers credited miscellaneous orders for the rise, noting 1935 week at 54 percent and earlier years lower.
MENTIONED IN THIS ARTICLE
Youngstown
Classified Want Ads Guide for Home Work Tasks
For a man to do furniture upholstering fruit tree pruning refrigerator repairing painting refinishing furnace cleaning excavating or ash hauling turn to Classifications 10 to 14 in the Want Ads.
LZ-129 Details and Costs Revealed in Long Vessel Specs
Specifications describe the LZ 129 with an 813 foot hull length and 135 foot height, powered by four 16 cylinder diesel engines totaling 4,800 hp and twelve turbines at 200,000 hp. The ship weighs 73,000 tons, carries 4,000 passengers and 100 crew, with a passage cost between 93 and 268 dollars and a proposed height to masthead of 234 feet.
Bond Market Edges Lower as Foreign Politics Dampen Trade
The bond market fell irregularly Saturday amid unsettled global politics. Foreign issues lost fractions to over a point, low-priced rails declined, while U S governments were narrow with Treasury 2 ¾ s and 2 34 s around 1 16 as other issues moved modestly.
MENTIONED IN THIS ARTICLE
New York
U. S
Treasury
Associated Press
Closed Iowa banks paid out 358 479 last month
State banking superintendent D W Bates reported that February payouts to depositors from closed Iowa banks totaled 358 479 with 1 156 27 in other claims against assets. Payments listed include Cascade Farmers and Merchants State bank Edgewood Farmers Savings Edgewood Guernsey Savings Hazleton Malcolm Volga Iowa State banks.
MENTIONED IN THIS ARTICLE
DES Moines
D. W. Bates
Bates
Iowa
Cascade — Farmers and Merchants State Bank
Edgewood
Oil Corp Reports Surge in 1935 Net Profit
Consolidated Oil Corporation reported 1935 net profit of 11,306,904 dollars, yielding 73 cents per common share, a rise from 553,282 dollars in 1934 after preferred dividends. Chairman Harry F. Sinclair said the oil industry is in the soundest position in years.
MENTIONED IN THIS ARTICLE
New York
Consolidated Oil Corporation
Harry F. Sinclair
Light Companies Seek Approval for Bond and Note Reissues
Iowa Electric and Iowa Electric Light and Power plan to call in all serial notes and bonds to refinance at lower rates. Iowa Electric proposes re issuing 3,750,000 four percent bonds and 1,040,000 four percent serial notes. Proceeds will redeem outstanding issues and await SEC approval.
MENTIONED IN THIS ARTICLE
Iowa Electric
Iowa Electric Light and Power Companies
Iowa Electric Light and Power Company
Federal Securities and Exchange Commission
Iowa Electric Light and Power
Iowa Electric Company
Northwestern Mutual Enters Home Financing Field
Northwestern Mutual Life Insurance Co expands from farm land and improved property loans to residential home financing. Loans will be offered for houses in restricted Cedar Rapids areas.
MENTIONED IN THIS ARTICLE
Northwestern Mutual Life Insurance Company
Cedar Rapids
Foreign exchange rates reported in New York
AP dispatch lists wide range of currency values against the dollar with rates for Great Britain France Italy Belgium Germany and other nations. The table includes normal travel and commercial rates as well as several N stands for nominal values and several country spellings vary.
MENTIONED IN THIS ARTICLE
NEW York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Finland
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Hungary
Roumania
Argentine
Brazil
Taklo
Shanghai
Hongkok
Mexico City
Montreal
Minneapolis cash grain report shows broad wheat quotes
AP notes 87 car receipts with No 1 heavy dark Northern at 1.269 to 1.37 per bushel and No 1 dark northern 59 pounds at 1.249 to 1.36, plus Montana hard grades and durum values with arrivals and May July September futures listed. Oats No 3 white at 26 to 25 percent.
MENTIONED IN THIS ARTICLE
Minneapolis Cash Grain
Minneapolis
Montana
Spring Business Drive Of Auto Industry Opens
Detroit auto makers launch a spring sales drive with budgets up about 30 percent from 1935. Dealers anticipate a fierce market in March as stock levels improve and promotional campaigns emphasize economy, comfort, and ease of operation. Demonstrations become central to retail strategy as factories push aggressive advertising across all makes.
MENTIONED IN THIS ARTICLE
Detroit
Mich
Iowa Hog Receipts on Weekend Decline From Last Year
Combined hog receipts at 20 yards and 9 plants in Interior Town and southern Minnesota for the 24 hours ending 8 am Saturday totaled 17,100, down from 34,400 a year ago and up from 11,700 a week prior. Prices steady with Friday, light weights selling around 8.00 to 9.85, sow prices about 8.05 to 8.75.
MENTIONED IN THIS ARTICLE
Iowa
Des Moines
IU. S. Dept. Agricultures
Interior Town
Minnesota
New DeVise Shows Actual Compression Explosion in Motor
Detroit engineers using a quartz window engine and high speed camera reveal how increased compression triggers unorthodox explosions inside cylinders. The studies show pinging arises when unburned gas ignites in another chamber, creating a second explosion that exceeds engine design. Researchers expect a partial solution after decades of work.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Research Laboratories
Present Tax Rates Would Enrich Govt in Boom Times
Business Week editors estimate that with a 1929 style boom and current tax rates Uncle Sam could collect about $9.0 billion, 34 percent above the 1920 peak and 129 percent higher than 1929 actuals, though 1929-like boom is not expected.
MENTIONED IN THIS ARTICLE
New York
Uncle Sam
Business Week
New York Bond Review Faces Losses Amid Rhineland Tensions
Government issues fell on Saturday with Treasury loans sliding from weekly highs to net losses, while corporate bonds posted fractional to sizable declines. Goodyear 5s and Walworth pax steadied, German securities drifted lower, and foreign issues remained quiet overall.
MENTIONED IN THIS ARTICLE
NEW York Bond Review
New York
API
Germany
Rhineland
Treasury
Santa Fe
St. Paul
Columbia Gas and Electric
Southern Pacific
Goodyear
Walworth Pax
Striking Back In New York Picket Demands Fair Wages
A strike breaker carries a picket sign in New York protesting a $9 a day wage and calling for fair conditions amid labor unrest.
MENTIONED IN THIS ARTICLE
New York
Local Hog Market Shows Small Gains and Steady Rates
Only slight changes were seen Saturday in the local hog market. The three lighter grades of good hogs gained 5 cents while other grades held steady. The top price remains at 9 dollars 85 cents.
New York Produce Prices Mixed as Markets Hold Steady
AP report from New York outlines butter receipts at 7 200 unsettled with creamery higher. butter quotes 34 1 2 to 34 3 4 cents. Cheese receipts 115 485 steady with state whole milk mats. Eggs receipts 32 585 unsettled with various pack standards and firsts 24 cents. Live poultry steady by freight with all prices unchanged.
MENTIONED IN THIS ARTICLE
New York
War Drums Drive Stocks Lower In Turbulent Session
The New York market opened under shock from renewed European war maneuvers but then steadied as copper and aviation stocks led gains. Major declines hit General Motors Chrys ler and U S Steel while Ametada jumped seven points on oil-field success. volume reached about 1.47 million shares in two hours.
MENTIONED IN THIS ARTICLE
New York
Europe
Anaconda
American
Cerro de Pasco
Inspiration
Boeing
United Aircraft
Curtiss-Wright
Ametada
Ritter
Bristol-Myers
Central Aguirre
Crown Cork and Seal
Myers and Brothers
McCrory “A
General
U.S
General Motors
Chrysler
U. S. Steel
Montgomery Ward
Consolidated Gas
Westinghouse
Great Northern
Union Pacific
Wheat Futures Climb On European News and Dry Southwest
Chicago trading picks up as unfavorable European developments and bullish domestic factors push wheat prices higher on the board. Dry southwestern weather and strong cash demand support gains, with May leading the advance, while corn and other grains show smaller moves.
MENTIONED IN THIS ARTICLE
Chicago
Europe
Board of Trade
Winnipeg
Liverpool
Buenos Aires
Old Standards Of Investment Gone, Says NYSE President
Houston report notes Charles R. Gay of the New York Stock Exchange urged investors to weigh all factors before investing. Speaking to a chamber of commerce meeting he warned that earlier investment precepts have become impaired in the current climate.
MENTIONED IN THIS ARTICLE
Tiouston, Tex
Charles R. Gay
New York Stock Exchange
The
Chamber of Commerce
Also Mentioned on This Page
ABC
Dickinson Secretarial
Cedar Rapids Savings Bank
Save With Life Insurance
Leo G. Ulich
the Mutual Life Insurance CO. OF
Mer
Life Insurance Co
America
Queen Mary
von Hindenburg
North Atlantic
Friedrichshafen
Lakehurst
N. J
England
Atlantic
Southampton
City Loans
Midland Mortgage Company
Merchants National Bank
Mortence Loan
Prudential Insurance Company OF America Home Office
Newark
New Jersey
Life Insurance Company
Home Loan
Robert M. Ross
Universal Service Auto Editor
Maryland Fund
Nor Amer Tr
Quarterly Inc
Baer Corp Am Tr
Wie
Bt Gand Ff
el Land
PB Eee
BS EL and P Vic
Northwestern Mutual Life Insurance Co
J. G. Mitchell
David J. Wilkie
Wilson & CO
Dial
Wilson’s
Laurance Press
First Street
Mile Whipple Agency
Insurance and Bonds
American Trust
Perpetual Savings & Loan Association
Third Street
W. T. Sands
Second St. NE
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