Between-Season Trade Upturn Despite Persistent Downturn
American business and industry showed resilience as retail trade rose week over week and versus 1935, with wholesale orders rebounding and demand for summer lines emerging. The AP index reached 89.3 percent of the 1929–30 average, a yearly high, while carloadings declined slightly yet remained above year-ago levels.
MENTIONED IN THIS ARTICLE
Associated Press
Department of Commerce
Cram’s
Trust Company plans redemption of huge RFC loan
Manufacturers Trust company of New York announced plans to issue 500 000 shares of convertible preferred stock at 50 a share to redeem 25 000 000 of 3 percent capital notes held by the Reconstruction Finance Corporation. The new shares pay 2 annually and will be offered to stockholders in a ratio of slightly over 3 for 10. Directors will vote Monday with a special stockholders meeting later this month or in June to approve recapitalization.
MENTIONED IN THIS ARTICLE
New York
LLP
Manufacturers Trust Company of
Reconstruction Finance Corporation
Blended gasoline debated at Farm Chemurgy meeting
Detroit editor Robert M. Ross reports the Farm Chemurgy council and the Chemical Foundation pledge to prove blended gasoline practical. A research plant will open in Atchison to produce 10,000 gallons of alcohol daily from corn as part of the push to expand farm product use and avert foreign oil dependence.
MENTIONED IN THIS ARTICLE
Detroit
Mich
Farm Chemurgh Council
Order
Francis P. Garvan
The
Chemical Foundation
Chemurghc Council
Atchison, Kan
Howard E. Coffin
Real Estate Transfers and Joint Tenancy Notices Listed
A series of 1930s real estate transfers show Milo L. Ware and others convey to I E Ware of blocks in Ashbys 1st addition Coggon. Other deeds include John Rohlena and wife to Leo and Laura Rohlena in joint tenancy with survivor rights. additional transfers to Ross H Lund Naomi B Lund. Charles Feyerabend and wife to Ross and Naomi Lund with tile drain and street easement clauses. Florence M Bennett to Perp Savings and Loan Assn. Mabel N Caffee to O B and Bertha Clements in joint tenancy. Katherine Vincent et al to Clyde and Margaret Davis in joint tenancy. Eunice G Gaston to E F and Minnie Huggins in common with restrictions. G A Pierce to E C Hampton. all dated 1932 to 1936 with one being 1 dollar and valuable consideration.
MENTIONED IN THIS ARTICLE
Milo L. Ware
I. E. Ware
Ashby
Valcon
Martin M. Ware
John Rohlena
Leo
Laura M. Rohlena
Hus
Charles Feyerabend
Ross H
Naomi B. Lund
Florence M. Bennett
Perp Savs & Loan Assand
Dean
C. R
Mtge
Mabel N. Caffee
O. B
Bertha C. Clements
Mae
Vernon Heights
Katherine Vincent
Clyde J
Margaret M. Davis
Greendale
Cedar Rapids
Walcon
Eunice G. Gaston
E. F
Minnie Huggins
Vernondale
G. A. Pierce
E. C. Hampton
Saturday Market Closes With Wheat Slightly Higher
Chicago price action shows May wheat closing with a slight daily gain while new crop contracts slip. May wheat up fractional, July down small, September down about 1 percent. Corn up 14 to 15 cents, oats mixed, rye. Liverpool and Winnipeg quotes varied. Shipping demand steadies corn. December corn trade unposted at a discount to September.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Liverpool
Winnipeg
Highway safety question challenges motorcar makers
Detroit AP report notes 5 000 000 unit annual output looming as 1929 5 600 000 peak shows scale of demand. Harvard traffic expert Dr Miller McClintock urges traffic artery redesign and enforced highway improvements to reduce hazards while warning sensationalism breeds timidity among drivers.
MENTIONED IN THIS ARTICLE
Detroit
Miller McClintock
Harvard University
McClintock
Believe Blum's War Debt Ideals Can't Be Forced
London observers consider Leon Blum’s push for the world economy conference goals after the Franco American trade accord. They fear a league of economic peace is premature amid rising nationalism and a presidential year in the United States.
MENTIONED IN THIS ARTICLE
Blum
London
Leon Blum
France
Washington
Europe
Roosevelt
Britain
British Exchange Fund
United States
Glidden Co Offers Rights To Convertible Preferred Stock
Glidden Co informs the New York Stock Exchange that common stockholders of record May 23 may subscribe at 52.50 per share for convertible preferred stock par 50, at a ratio of one preferred share for every four common shares held.
MENTIONED IN THIS ARTICLE
NEW York
Glidden Co
New York Stock Exchange
Market rates for delivered metals headline
New York reporting Saturday spot prices for custom smelters list cents per pound for electrolytic copper tin lead aluminum and quicksilver with regional deltas between New York East St. Louis and export values. Figures show fluctuating bids and unit prices across locations.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Ener York
Markets at a Glance United Press summary
Markets at a Glance reports irregular and dull activity across stocks and bonds. U S government securities steady and quiet with narrow ranges. Foreign exchange shows sterling firm and French francs weaker. Cotton and grains show slight moves while rubber moves up.
MENTIONED IN THIS ARTICLE
United Press
U. S
Chicago
Bond Market Trend Steady Saturday
New York AP reports bond prices moved in a fractional range with overall steadiness on a quiet Saturday. Trading totaled 3.348 million par value. government issues showed little movement while foreign department bonds rose with French stamps and U S corporate bonds closed largely unchanged or slightly higher.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Treasury
Foreign Department
New York Central
Postal Telegraph
Copper Firm Reports Higher First Quarter Income
Anaconda Copper Mining Company in New York announced preliminary consolidated net income for the first quarter of 2,808,320 dollars, or 32 cents per share, up from 2,350,721 dollars, or 2 cents per share in the prior year.
MENTIONED IN THIS ARTICLE
NEW York
Anaconda Copper Mining Company
Treasury bonds close with mixed gains in New York
U S government bonds finished trading in New York with Treasury notes quoted around 47 52 at 117.28 and 3s offering modest prices amid a choppy session.
MENTIONED IN THIS ARTICLE
U. Oe
NEW York
Teaeury Uys
Ee Ale
Treasury
Stock market shows quiet Saturday with small turnover
New York AP reports a dull two hour session with 370 930 shares traded, up slightly from last Saturday. The Associated Press average rose marginally to 60 8 with 218 stocks up, 202 down and 1 unchanged as earnings largely beat forecasts but lacked optimism.
MENTIONED IN THIS ARTICLE
New York
Financial District
Associated Press
Anacconda
U. S
Columbia Gas
Corp
Electric Light
American and Light
American War Works
United Gas Improvement
Commonewealth and
Southern
U. S&s. Steel
Chrysler
General
Santa Fe
N. Central
Internati Harvester
Also Mentioned on This Page
Rader Winget
Associated Press Financial Writer
Trust Company
Mile Whipple Agency
Insurance and Bonds
American Trust
Dial
Robert M. Ross
Universal Service Automobile
Coffin
Leo G. Ulic
the Mutual Life Insurance CO
Mer. Bankine Since
At. Insurance Co
Smorter
W. T. Sands
Second St. NE
George Kosek
Ernest Kosek
Merchants
Nat'l Bank Bldg
David J. Wilkie
Wylie King
London Financial Times
Dickinson Scncctaries School
Cedar Rapids Savings Bank
Iowa Securities
Bishop Ponneers
Black Awe Kry Corp Perry
Essere
B. Power Pet
Ease
Iowa
Pow & Lt. Co
Rvice Ct
T. Co
Ut. Co
Unv
Stad. Ser
O. Amer
St. Ones
Aux City G
Brady United
Fis Ben Hes
Rys. Co
PSC
Western Grocer Ci $ T
Ea Western Grocer Co
Ryland Fund
Am Sh Inc
Uper Corp Am Tr
John F. Currell
the Gazette
Abe Cedar Rapide Gazette
Imteres
N Street
Geo. A. Wetzel
7Th Avenue 8