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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 31, 1940
Page
21
Across major markets in New York and national centers traders report a spring revival with cotton textiles, steel demand, and rising stock bids. The Associated Press index shows activity near prewar levels, Easter shopping boosts retail sales, while scattered late snows dampen some regions.
Conveyances and mortgages recorded in Linn county show 66 conveyances and 33 mortgages. Total mortgages amount to 66 552.38, with the corresponding week last year listing 25 mortgages and 75 608.21 in aggregate.
Inclement weather during most of last week slightly dimmed the end of March bank clearings in Cedar Rapids. The Cedar Rapids Clearing House reported weekly clearings ending March 30 at 1 050 29066, compared with 1 058 41498 the prior week and 1 093 306.22 for the year-ago week ending April 1, 1939.
London AP report says Captain Henry David Margesson chief government whip in the house of commons filed a petition for divorce from his wealthy American-born wife daughter of the late F H Leggett of New York.
Dominion bureau reports week ended March 23 Canadian carloadings 40 989 vs 46 996 prior week and 44 132 year ago. Country wide department store sales 12 percent above year ago. Corporation news covers Barber Asphalt profit 544 452 and 1938 loss 332 822. Brown Co 53 weeks to Dec 2 loss 3 394 003 vs 3 825 458 prior year. Container Corp of America two months to Feb 29 profit 346 102 vs 33 385 year ago. Diamond T Motor Car 1939 net income 301 394 per share around 1 cent vs 1 154 in 1938. Indian Refining 1939 net profit 1 610 633 vs 379 829 loss in 1938. Otis Steel 1939 net profit 214 965 vs 1 230 297 loss in 1938.
Chicago notes that ahead of April Fools Day the telephone company issued warnings Saturday night to guard against hoax calls to Mr Fox and other gag names. Operators may break in to ask if callers are dialing the zoo dog pound or morgue, to prevent pranks.
Financial report for First Trust and Savings Bank Cedar Rapids Linn County shows total resources at 1 466 006.39 with loans and dire counts 220 710.56 and 759 228.05 in total liabilities. Officers Mitvals ky Petrovitsky Dvorak Stritesky and Stastny certify the balance as full true and correct as of March 26 1949.
A new 200000 power plant boiler from Springfield Boiler Co will burn bituminous coal and furfural residue from a Quaker Oats mill. The sectional two drum furnace includes cooling tubes and a double wall, with pulverized coal fed through four burners and combustible refuse added to boost efficiency.
Ex convict Frank Delreano, sought for weeks in Policeman Martin Dugan’s shooting, exchanged fire with officers after being seized with a companion and girlfriend for questioning. He was wounded by Patrolman Ollie Deser’s bullet and taken to Bridewell hospital.
The unexpected dividend from U S Steel last Wednesday spurred broad buying across markets. Airlines faced profit taking while steels motors utilities and copper stocks advanced to year highs as volumes increased and investor confidence rose.
Grain prices for No 138 percent No 2 Ale Onts White No 2 39 No 3 6s Rsc No 2 45c. corn yellow 49c 47c. soybeans yellow 9 c. hay and straw bale prices. butterfat cream prices. poultry prices for hens leghorns roosters . wholesale fruits vegetables prices Lemons 5 Oranges Grapefruit Celery Lettuce Onions Cabbage Tomatoes Carrots Cauliflower Potatoes apples Idaho Russets Winesaps hides and calf prices No 1 cured hides No 2 cured hides No 1 calf No 2 calf No 1 kip No 2 kip horse prices listed Pony prices.
Premier Wang Ching-wei urged Chiang Kai-shek to cooperate with the Japanese sponsored all China government after his inauguration. He called the Chungking regime regional and refugee, saying it will sink its prejudices and join in China's readjustment. He spoke at Nanking in a bid to shape a united front.
Wheat traded with little movement on the Chicago board, lifting briefly then retreating as support emerged. July rose to 103 1/2 cents before easing, while corn held steady and oats slipped slightly amid light buying and weather concerns.
The reported prices show Chicago and Minneapolis cash grain quotes for wheat, corn, oats, and barley with No 2 red winter and No 2 yellow hard wheat tallied at various dollars per bushel. Oats and barley bids appear with different grades and samples, highlighting regional price differences and market activity.
A clipped market report shows butter egg and cheese prices in Chicago with receipts and score notes. Butter receipts around 929 and 220 weaker. eggs steady with storage implications. cheese receipts 140 and 363, prices generally unchanged. scale and standard references from Lamson Bros and Co.
Livestock receipts total about 300 hogs and 10 calves with steady to firm bids in places. Cattle offerings include steers and heifers with prices around 800 to 1250 dollars, heavy feeders at 950 to 1000, and cows near 325 to 400. sheep and lambs show sold and bid ranges with western origin fat lambs around 1000 dollars and ewes around 475.
A robust Saturday in Eastern Iowa markets saw steel shares gain and the Dow Jones up as sectors rally. The report notes exports rising prices, higher department store sales, and notable movement in AT Kesson Robbins issues while bonds and certificates of deposit show solid demand amid steady railroad and chemical stock activity.
Sworn to before me at such and such presence by Frank Coe, president, Warriner, Brinderknecht, and Stepanek. The document appears as an official bank statement sworn to on the 20th day of March in the county.
Swisher Trust and Savings Bank in Johnson County Iowa presents its statement of condition as of March 30 with resources including loans and discounts 308,271 20 and total assets 1,162,070.83 The report lists liabilities such as capital stock 36,000 and deposits including savings time and demand deposits and notes the names of officers and directors who swore to the accuracy of the record. The document cites notary attestations and signatures of Joseph C. Coufal Chas J Koss Elmer J Ulch and others.
Bank balance sheet and official statements list resources liabilities and deposits as of March 1 1946 with officers sworn in before a notary. The page records savings deposits time certificates and total resources including bonds and overdrafts amid standard bank financial disclosures.
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