Conflicting Trends Mark Business Activity Of Week
Conflicting signs marked the week for business and industrial activity. The steel industry advanced toward spring output while motor production and carloadings fell. electricity output rose slightly. Retail trade showed some lift in parts of the country, but Easter shopping lagged behind last year. The Associated Press index rose to 68.8, yet the stock market hit a four-year low as wholesale prices dropped further.
MENTIONED IN THIS ARTICLE
Fife
Ashington
Associated Press
Commerce Department
American Iron and Steel Institute
Ward
Association of American Railroads
New York Stock Exchange
Chamber Blames Tax Burden For Business Slump
The U S Chamber of Commerce says rising taxes are disturbing and partly to blame for a current business decline. The weekly review notes taxes are up 30 percent in two years, with federal state and local collectors set to take about 13.5 billion dollars in the current fiscal year, more than the nation’s food bill.
MENTIONED IN THIS ARTICLE
Washington (Lp
U. S. Chamber of Commerce
Bank Clearings Rise in Cedar Rapids Week Totals
Cedar Rapids Clearing House reports $1,076,507.41 in bank clearings for the week ending March 26, up from $902,679.03 the prior week and $954,094.26 in the same week last year, reflecting seasonal activity.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Wheat Prices Near Three Year Low on Weather and Demand
Wheat prices neared a three year low as rain prospects in the southwest, weak export demand, and Liver Pool declines pressured the market. May, July, and September futures fell while corn rose slightly and oats and rye were quiet with some buying attributed to eastern sources. Provisions eased with hog and grain price declines.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Seaboard
Maynard
Chicago Cash Provisions Wheat Prices and Winnipeg Market
Chicago AP notes Wheat quotes with May July Sep positions and mixed corn oats rye soybeans and lard bellies and a Winnipeg market table showing May July and Oct figures. Also lists cash provisions with No 2 white No 4 yellow and other grades and fats prices.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers & Co
H. R. Mowray
Cedar Rapids
Merchants National Bank
Tanna Baba
EL Baty
Winnipeg
Minneap olis Cash Grain Market Report Snippet
Partial OCR of Minneapolis cash grain prices shows bids for No 1 dark northern winter hard Montana and amber durum with quotes around 1.00 per cwt. No 3 corn and No 3 oats listed with limited readable figures and several garbled terms.
MENTIONED IN THIS ARTICLE
Minneapolis
Hieber
Chicago Produce Markets Weak Butter and Steady Eggs Report
Chicago market reports show butter receipts at 678,962 with prices weak on extras and standards. Eggs receipts 339,170 with current prices unchanged. Potatoes arrivals 98 and market firm, with U S No. 1 russet quotes around 1.42 to 1.52 per cwt. New stock, moderate supplies, and demand fairly good. New York eggs receipts 27,291 with mixed colors and varied price levels. Cheese and buster receipts also noted with prices mostly unchanged.
MENTIONED IN THIS ARTICLE
Chicago
Idaho
U. S
New York
Copper and tin prices hold steady in New York market
New York copper remains steady with electrolytic spot at 10.00 and ex port 9.80 to 9.85. Tin holds at 41.30 spot with nearby at 41.35. Lead unchanged at 4.50–4.55 in New York and 4.35 in East St. Louis. Zinc steady at East St. Louis spot and future 4.25. Iron aluminum antimony quicksilver platinum and wolframite listed with no change.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Exploitation Of Ethiopian Coffee Crop Aid To Italy
A special Italian commission presented to Premier Mussolini a report on expanding coffee production in Ethiopia. Italy consumes about 90 million pounds annually while Ethiopia outputs 70 million, with 13 million for locals. Jimma and Harrar regions supply most high quality coffee. The piece notes shifts in export patterns since Italy’s African campaign and debates whether Ethiopia will be boosted for export or kept to meet Italian demand.
MENTIONED IN THIS ARTICLE
Rome
Benito Mussolini
Il Duce
Ethiopia
Jimma
Harrar
United States
Europe
Italy
Brazil
Arabia
Mussolini
Milwaukee Road Pays Half Million Tax Bill In Iowa
The Milwaukee road paid the first installment of a half million dollar tax bill for 1938 in Iowa. Linn county receives 16365.03 of 523199.09 total across 57 counties, aiding schools highways and local government. The line has paid about 22000000 in Iowa taxes during years with no dividends.
MENTIONED IN THIS ARTICLE
Milwaukee Road
Iowa
Linn
Linn County
Flutter mystery linked to Northwest crash and 1937 aviation trends
Aviation writer notes the accident board’s findings on the Northwest Airlines Lockheed 14 H crash in Montana. Flutter caused the tail parts to fail and the plane to spin, killing Nick Mamer and nine others. Also reports U.S. aircraft production rise and synthetic gasoline advances boosting payloads and a United Airlines gain in February passenger miles.
MENTIONED IN THIS ARTICLE
Northwest
Montana
Leon W. Shioss
International News Service
Nick Mamer
Lockheed
Mamer
Department of Commerce
United Airlines
Greatest Field For Chemists Is Found In Southern States
STATE COLLEGE, Pa. (UP) Dr Frank C Whitmore dean of the school of chemistry and physics at Pennsylvania State College says the south will be the chemical frontier for the next quarter century. He cites abundant cellulose from cotton and linters, pine as a chemical crop, starch from sweet potatoes, and vast supplies of vegetable oils including cottonseed peanut and tung oils.
MENTIONED IN THIS ARTICLE
State College
United States
Frank C. Whitmore
Pennsylvania State College
American Chemical Society
Whitmore
Dr. Whitmore
Department of Agriculture
Iowa Leads U. S. In Hardware Store Gains In February
Iowa led the nation with February hardware store sales up 25 percent versus February 1937. Of 30 states reporting, only four showed gains: northern California 4 percent, Connecticut 2 percent, Idaho 24 percent, and Iowa 25 percent. Other states had losses from 20 to 2 percent. Iowa’s two month average for January and February 1938 rose 13 percent compared with 1937.
MENTIONED IN THIS ARTICLE
Indianapolis
National Retail Hardware Association
Iowa
United States
Hardware Retailer Magazine
Association
California
Connecticut
Idaho
Nicaragua Seeks U S Trade Boost via Banana Growers Plan
San Francisco United Press report on Nicaragua inviting California business to expand Pacific coast banana exports. Consul General Martinez-Lacayo proposes a Nicaraguan California Banana Growers company to control banana exports, citing rising trade volume and Pacific coast cultivation success. He notes Managua's growth, foreign population, and major U S export shares for coffee, sugar, lumber, cocoa, and cereal. Martinez-Lacayo, born 1911 in Granada, rose from governor to general council in California.
MENTIONED IN THIS ARTICLE
San Francisco
California
Nicaragua
Pacific Coast
Central American Republic
Juan Jose Martinez-Lacayo
Little Republic
Martinez-Lacayo
United States
Republic
Atlantic
Panama Canal
Managua
Granada
Central America
Los Angeles
Granada City
Last Minute Selling Pushes Shares Lower in Weak Market
A volatile Saturday session saw the Associated Press average fall to a new low since March 1935 as a last minute selling wave drove losses across major issues. Volume reached 1,383,370 shares, with 618 declines and 87 advances. steels led a partial rebound but slipped again by day’s end.
MENTIONED IN THIS ARTICLE
N* York
Associated Press
Steels
U. S. Steel
Bethlehem
Allied Chemical
Chrysler
Westinghouse
N. Y. Central
Consolidated Edison
U. S. Rubber
Kennecott
General Electric
Montgomery Ward
Standard Oil of
N. J
du Pont
Britain Best Customer of U S in 1937
United Kingdom was America's top customer in 1937, with Canada second and Japan third. Britain Isles bought goods worth 535 million dollars, up 21 percent from 1936, while Canada purchased 510 million, up 33 percent. Japan boosted exports 41 percent to 288 million due to scrap iron and war materials.
MENTIONED IN THIS ARTICLE
Washington
INS
United Kingdom
Uncle Sam
Canada
Japan
British Isles
United States
Department of Commerce
America
British Malaya
France
Germany
Mexico
U. S
Europe
South America
China
Asia
Russia
Island of
Ceylon
Chilean nitrate fields provide steady jobs for forty thousand
Chile's nitrate fields support about 40,000 workers in normal times, supplying employment across mining districts and related industries, reflecting the sector's significant role in regional livelihoods and economic activity.
MENTIONED IN THIS ARTICLE
Chile
Local Securities Indicate Price Range for Bonds
In the Cedar Rapids Gazette, securities column notes quotations are not firm bids but indicate a price range for recent transactions. Readers with interest in issued bonds are advised to seek further details from the financial editor.
MENTIONED IN THIS ARTICLE
Iss
Financial Edt Gazette
Cedar Rapids
Lowa
Also Mentioned on This Page
Thomas E. Flanagan
Chamber
Investment Trusts
Am Tr
Lt & Pew
Masa Phe Benenete
Peter Fox Sons Company
Merchants National Cedar Bank
Metals Market
New London
Tex
Aviation
Bureau of Air Commerce
United Press
Tokio
Ina
U. 5
Consul
United Fress
American Institute of Steel Construction
Curtis Publishing Co
Minnesota Power and Light Co
National Sugar Refining Co
New Jersey
Otis Steel Co
Philadelphia Electric Co. System
Sperry Corp
Vickers, Inc
United Gas Improvement Co
Atchison, Topeka and Santa Fe Y. Co
Rock Island
Pacific By. Co
Frederick Gardner
International Harvester
Air Reduction
National Steel
Schenley
Public Service
Britain
U.S
Ralph FH. Peterson
INSON
ABC
Rickinson Secretarial Scheel
Dial
Save With Life Insurance
Leo G. Ulich
THE
Mutual ‘Life Insurance CO
American Trust
Local Securities
Iowa Securities
Central States
Teeaty Torerntete’ Power Co
Iowa Public Service Co
Tows Public Service Co
Towa
Southern Utilities Beries
Southern Utilities
Serica A
Southern
Til. Co
Fia Collese Nee Anos
University’ ‘Stadium
Sloe City
Oss & Es
Ry Waterioe
Cedar ‘Pails & Northweat
Lt. Corp. Sas Interstate Power Co
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