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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 22, 1942
Page
53
The nation moves toward total war with 9,000,000 men added to the draft pool and a wartime shift in clothing due to chlorine shortages. Market rallies sparked by MacArthur’s reassignment mix with a wholesale price dip. steel mills set a record output as talks rise on extending the 40-hour week.
The Occidental Life Insurance Company of California appoints John J. Moriarty as general agent for Cedar Rapids and Waterloo. Moriarty, formerly of Des Moines, has moved to Cedar Rapids with wife and son Jack, a student at Iowa State College.
The Occidental Life Insurance Company of California appoints John J Moriarty as General Agent for the Cedar Rapids and Waterloo area with offices at 2057 Higley Building. Moriarty has over 25 years in life insurance in the Midwest. In Cedar Rapids he is joined by Paul S Kohl District Agent and Walter Fry Special Agent, who have served Occidental in Cedar Rapids for fourteen years.
In Chicago via AP, fractional gains stopped a weekly drop in grain futures as dealers covered shorts and covered lines. Wheat led the bounce with modest May and July gains, corn oats rye and soybeans rising while lard held firm. Cash markets showed no sales for cash wheat and mixed quotes for corn soybeans and barley with lard reported at $12.69 on a cash basis.
Bank clearings in Cedar Rapids rose to 1 857 152 24 for the week ending March 21, from 1 452 866 62 a year earlier. The prior week ending March 14 totaled 1 505 015 59.
The Holdcroft Transportation Company of Sioux City has leased the one story building at 312 Second Street NE from Quaker Oats for storage and truck servicing. The rental was arranged through Malcolm V. Bolton and Company.
Butter receipts reach 467 438 lbs as markets hold steady with price lists across butter eggs potatoes and cheese. Eggs receipts 33 205 cases with steady market. current and storage prices shown. Potatoes arrivals 92 on track total shipments 690 moderate demand very slow with prices for Idaho Wyoming Colorado Minnesota Wisconsin and Florida listed.
New York produce reports show dressed poultry prices for fowls and turkeys across regions with rate ranges. Live poultry values list fowls, turkeys, ducks, Muscovy, roosters, and rabbits with varying cent per pound bids.
A fragmented storage and commodity note lists futures benchmarks from Lamson Bros and Co. including March and October figures for eggs and storage standards. It mentions Botyer storage standards and garbled references to prices like 32.45 and 32.65 with unclear dates.
An advertisement from the Thornton & Minor Clinic in Kansas City explains that constipation and colon disorders cause headaches dizziness nausea abdominal pain and other symptoms. The clinic offers a free illustrated booklet by writing to Suite H375 926 McGee St.
Walter Parkes profiles Consolidated Aircraft and its massive plant turning out PBY Catalina patrol planes and B 24 four motor bombers. Engineers doubted feasibility due to hundreds of thousands of rivets and parts, yet the lines run three shifts nonstop, delivering record production in wartime.
Mr and Mrs Charles R Murphy who are moving to Grand Rapids Michigan have sold their home at 2753 B avenue NE to Mr and Mrs John W Nelson 3116 C avenue NE who will take possession April 1 The sale was made through Yuill and Gohmann.
The United States maritime commission announced on Saturday that contracts for building 32 liberty ships and extra ship building facilities at Providence Rhode Island have been awarded to Rheem Manufacturing Company of Richmond California.
The department of commerce reports a new law prohibiting the import and export of carrier pigeons into or from Haiti.
In New York the week’s favored bonds continued to attract buyers on Saturday as corporate issues moved in a narrow range. Rail loans led activity with turnovers from 100000 to 325000 face value, and total transactions reached 6,544,600 in face value versus 4,976,100 the prior Saturday.
The following notes indicate price ranges of recent transactions and are not bids or offerings. For issues not stated, write the Financial Editor, The Gazette, Cedar Rapids, Iowa.
The market rose on news of General Douglas MacArthur becoming supreme commander in the Southwest Pacific, then cooled with a weak week. Trading hit weekly lows since 1940, with thin volume and selective gains in steel, motors, and utilities while high priced issues weakened.
Conveyances and mortgages recorded in Linn county show 74 conveyances and 40 mortgages totaling 107,521 dollars for the week of March 13 to 19. Compared to last year 71 conveyances 38 mortgages and 106,025 dollars were recorded.
Grain quotations provided by Lamson Brothers and Company. contact H R Mowrey Cedar Rapids office at 503 Merchants National Bank building for details.
The National Association of Real Estate Boards asks Chairman Doughton to shelve the Cochran bill exempting war contracts from state and local taxes. It warns the exemption would worsen public revenue gaps as war efforts continue and urges a national tax policy recognizing state and local needs.
Australian External Affairs Minister Herbert W Evatt asked President Roosevelt at a White House lunch to form a joint Pacific war council with equal Australian and New Zealand representation alongside Britain and the United States. He urged ANZAC participation in technical war planning, faster aid to Gen MacArthur, and immediate offensive operations from Australian soil to push back Japanese forces.
A War Production board official cautions against joint labor management committees in war plants, arguing it could threaten national unity and turn private industry toward controlled, Soviet-like governance during a critical wartime period. He defends expert input and voluntary discipline as compatible with democracy.
Major Robert L. Fisher, a veteran air commander, told President Roosevelt that Japanese pilots now fire on American airmen as they bail out. He said Japanese pilots are skilled but have shot at POWs and that Allied crews aim to stay low to pull ripcord before hitting the ground to avoid being gunned down.
In Chicago two tests showed each sugar rationing card would take six to eight minutes to fill during the nationwide registration May 4 to 7. Leo Hardig said teachers can run clinics and that a family of four would need about 20 minutes to complete the form and receive sugar stamps.
SIOUX CITY HOGS receipts 150, top $13.50 weekly. cattle receipts 600 calves, steady to strong prices. Sheep receipts 100 with fat lambs higher to 12.00, ewes steady. Des Moines interior Iowa Minnesota combined hog receipts 17,900 with varied barrow prices across weight ranges. sow and gilt classes quoted.
Nationally advertised patented plastic rock surfacing product for flooring used by schools colleges counties and government branches. Comprehensive roofing waterproofing rust and heat resistant coatings offered with prompt shipments from Cleveland Ohio based Write-United Laboratories.
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