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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 10, 1935
Page
21
Analysts see a hopeful trend as carloadings rose 9.4 percent to 604,642 for the week ending March 2. Autos and steel output edged higher, while electricity held steady and lumber production lagged behind shipments. Trade gains faced pressure from the Belgian treaty and currency market swings.
The Commerce Department notes food prices 34.2 percent higher than February 1933 and 6.7 percent above December 1934. Analysts debate NRA renewal or repeal as June 16 looms, with doubts about business confidence recovery.
Grain values fell Saturday led by weaker cotton markets and bearish New York securities. Wheat held firm while corn slid and oats eased as traders hedged against Argentine corn imports and watched US loan policy. Provisions dropped as grains weakened despite rain forecasts offsetting dust storms.
Youngstown Ohio editors report that the steel overrating rate in the district will lift to 57 percent of capacity on Monday and may reach 58 percent by week’s end. Three Valley Bessemer plants will average 40 percent, with at least forty five of eighty three open hearths melting. Prior years show 1934 at 57 percent, 1933 at 12 percent, 1932 at 32 percent, and 1931 at 50 percent of capacity.
Fragmentary OCR shows dates Feb 1 1935 and Jan 21 1935 with temperature notes and copyright line. Content is incomplete and lacks clear events or entities beyond generic dates and weather references.
The Iowa Mutual Liability Insurance Company and the Mutual Fire Underwriters released their 1934 financial statement from Cedar Rapids. They reported rising premiums, assets, and reserves, crediting conservative management, and planned aggressive expansion in 1935 across Iowa Illinois Minnesota and Canada with H Nehls leading operations and a broad agency network.
The Wilckwire Spencer Steel company will present reorganization plans to creditors and stockholders in Buffalo on April 8 under Federal Judge John Knight. The plan, by Jacob J. Lesger for the stockholders protective committee, calls for 2 million dollars in new working capital via a bond issue and exchange of current stock for shares in the reorganized company.
The U S bureau of mines reports daily average natural gasoline production at 4 450 000 gallons in January up 70 000 from December The month falls 50 000 gallons short of the November peak Deliveries from plants and terminals to refineries reach 122 771 000 gallons in January.
The Department of Commerce reports U S iron and steel exports in January totalled 262 740 gross tons up from 178 023 last January Japan bought about half of the shipments amounting to 124 181 tons including 107 604 tons of scrap 3 873 tons of tin plate 3 680 tons of tin plate scrap 3 021 tons of ingots and 2 405 tons of wire rods
Prices lagged in a two hour session as sterling weakened and Balkan tensions unsettled markets. The Associated Press average slid 0.2 to 36.4 while mining shares rose modestly and high priced Homestake gained five points amid light volume of 288,090 shares.
New York AP report notes steadiness in U S government obligations while the bond market idled through a short Saturday session. Government list reluctance lent support to some industrial and utility loans with fractional gains. treasury issues mostly up about 2 to 8 points, Liberties and indirects showing similar improvement. Utilities led gains as North Americans and Consolidated Gas posted modest advances. AP averages moved narrowly. Transfers reached 7.461 million par value versus 6.563 million prior week.
The article outlines updates to Culbertson's bidding method reflecting new scoring and opening standards, including changes to honor tricks and guard requirements. It discusses variations in hand analysis, a sample No 6 solution, and a weekly bridge puzzle challenging readers to compute optimal play without trumps.
New England and Pennsylvania retailers visited New York showrooms to buy medium price porch and lawn furniture for immediate shipment. Glass trade gains in plate glass products stemware and tableware while gray cloth demand stays steady. Hardware buyers place orders for immediate spring shipment as Easter merchandise dominates wholesale orders nationally.
North opens dealer position with a three notrump over a vulnerable three bid. The bidding sequence shows cautious passes, a 2NT overcall, and a final 3NT contract that nets a favorable score. The hand analysis notes North’s confident bid despite initial odds.
In London the pound steadied after a volatile week amid ongoing exchange controls. Analysts expect further declines as France and Belgium resist devaluation while gold climbs to a record and silver reaches multi year highs.
Chicago district tax collections since January 1 exceed last year by over 1.5 million dollars. Collector Carter H. Harrison reported a higher number of individual returns and noted total receipts this year reached 7,724,265 compared with about 6,100,000 last year.
Du Pont announces formation of Ducilo 8 A Productoria de Rayon with Argentina and French partners to manufacture viscose rayon. A new plant will start soon in Buenos Aires and about 1000 workers are expected to be employed when production begins.
Fragmentary data shows west wheat receipts by car count for Saturday and last year, with totals and regional notes for Chicago and Minneapolis. The readable figures indicate shipments and regional totals but many values are unclear.
United States Rubber and subsidiaries report 1934 consolidated net profit of 887 644 dollars, up from 76 912 the previous year. Net sales reach 105 476 872 dollars with higher costs and unsettled prices cited as reasons.
The page lists various international currency rates in cents per unit and cross rates. Nations named include Great Britain France Italy Belgium Germany Netherlands Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland Czechoslovakia Yugoslavia Austria Hungary Roumania Argentina Brazil Hong Kong Shanghai Mexico City and Montreal, with mixed quotations and cross references.
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