Trade And Industry Edge Forward Amid Strikes And Slump
Trade and industry moved cautiously with higher steel production and car loadings as coal strike effects faded. A new Briggs Manufacturing strike dented auto output, Chrysler shutdowns pushed overall production down to 67 740 units, while GM and Ford held pace and new car sales remained brisk. Government economists noted potential federal funds for farmers, Morgenthau proposed corporate tax revisions, and retail trade showed gains across 37 cities.
MENTIONED IN THIS ARTICLE
Briggs Manufacturing Company
Chrysler Corporation
Cnants
Morgenthau
House
Ways and Means Committee
Treasury
Chicago Livestock Market Report Shows Mixed Movements
Hog receipts 200 steady. buyers absent. Cattle receipts 200 with calves. feeders steady to lower. heavy steers $10.25 to $11.60, best yearlings $10.85. Sheep and lambs: fat lambs weak to lower, California and Nebraska springers vary, top fed lambs $6.38 to $9.40, bulk $8.50 to $9.00. Overall tone cautious with several classes down from prior week.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept. Agriculure
Alifornia
California
Nebraska
Fedebraskno
Soy Beans Fall Four Cents on Chicago Trade
Chicago grains closed lower as July soybeans slid to the daily limit lose four cents amid reports crushers pulled back. Nearby soybeans dropped to 9 1144 cents and finished at the bottom. Wheat eased on light eastern demand and favorable moisture. Corn and oats also declined with rains in Nebraska and Kansas easing drought concerns. Winnipeg and Kansas City quotes moved, while Liverpool remained closed for a holiday.
MENTIONED IN THIS ARTICLE
Chicago
INL
Board of Trade
Iowa
Nebraska
Kansas
Dakotas
Winnipeg
Kansas City
Liverpool
Markets Update From Chicago and New York Produce Rows
Chicago market reports show butter receipts at 1 597 218 pounds with varied scores and prices around 2334c, eggs receipts 43 718 with local prices weakening, potatoes arrivals 160 and U S shipments 784. California long white steady and Alabama Louisiana Mississippi Bliss Triumphs prices listed. New York receipts eggs 33 402 barely steady, butter 1 301 978 closing steady with creamery and extra grade up to 25c, cheese receipts 184 788 firmer with flats and rents noted.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Southern Triumpha
California
Alabama Bliss
U.S
Louisiana
Bliss
Mississippi Bliss
Asessiy Kors Dakota Cobblers
New York
Bond market update lists varied advances across sectors
The report shows gains in several bond categories with specific prices and percent increases. Notable lines include 40 bonds at Peter Weeres 9.10 to 6.15, higher grade ratios around 93.75 up 0.18, and rail, utilities, and industrials sectors posting modest rises.
MENTIONED IN THIS ARTICLE
Peter Weeres
Bonneville Dam Poised To Power Northwest Growth
Bonneville dam units ready to produce up to 460000 kilowatts with lines planned to Portland Eugene and Tacoma. Public utility districts face legal hurdles in Oregon and Washington affecting sales outlets as Grand Coulee and Bonneville merge with a vast NW transmission system.
MENTIONED IN THIS ARTICLE
Bonneville, Ore
Nea
America
Bonneville
Columbia River
Portland
Eugene
Ore
Washington
Tacoma
Dis
Oregon
Robert W. Beck
Secretary of the Interior
Harold L. Ickes
Interior Department
Northwest
Grand Coulee
Dust Bowl
Upper Columbia
Local permits issued last week by residents and firms
A list of permit activities from the last week shows individuals and businesses like Ernest Martin 525 Ely SW remodeling and reroofing projects, N J Baba 317 Fourth NW new dwelling, Lorence Watson 1222 Hawthorne SW remodel commercial, J L Nemec 1219 First SW new garage, and several others with project types and estimated costs ranging from 100 to 4 000 dollars.
MENTIONED IN THIS ARTICLE
Ernest Martin
Ely Avenue
N. J. Baba
Fourth — Street
Leslie Crawford
K Avenue
Adolph Rubek
Nineteenth Avenue
Charles Mihulka
Nineteenth Street
Mrs
A. Burnell
B Avenue
Mary J. Pentosh
Fifth Street
Wendl Seel
D Street
Lorence Watson
Hawthorne Avenue
H. Lampham
Ellis
Gate NW
Harvey Frazer
Tenth Street
Elmer Runkle
Bever Avenue
R. J. Stephen
Thirty-second Street
Jack Turner
Eighth Avenue
L. la Velle
Eighteenth Avenue
Don Boots
Thirty-fourth
Gust Kozal
Ninth Street
J. E. Rogers
Park Terrace
E. H. Easterday
Twelfth Street
J. A. Hiland
A. H. McCune
Burch Avenue
Edmund Hick
Dick Myers
C Avenue
Ives Frana Coal Company
Second Street
J. L. Nemec
First Street
A. O. Shepardson
J. C. Jensen
Don Voehl
O Avenue NW
Metals Markets Steady Copper Tin and More
In New York copper stays steady with electrolytic spot around 10.00 to 10.80 and export at 10.14. Tin holds firm with spot near 48.10 and forward at 4.0. Iron, aluminum, antimony, antiver, platinum and Chinese wolframite unchanged.
MENTIONED IN THIS ARTICLE
New York
Bt. Louis
Deportation Threat Hangs Over Kansas City Gambling Chief
Kansas City gangster Charles Carrollo, hailed as the “big man” of a $20 million yearly gambling operation, faces possible deportation to Italy after a federal grand jury indicted him for perjury in Citizenship papers and prosecutors hint at two felonies. He previously was indicted for mail fraud connected to gambling.
MENTIONED IN THIS ARTICLE
Kansas City
Italy
Charles Carrollo
Friday Carrollo
U. S
Maurice Milligan
Carrollo
Friday
Local Securities Price Range Note for Cedar Rapids Bonds
The Gazette financial notice lists bid ranges for recently traded bonds and states these figures are indicative not firm bids. Readers with interest in unquoted issues should contact the financial editor in Cedar Rapids Iowa for details.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Iowa
Week's Most Active Stocks Rise on Active Week Buying
The New York stock market broke out of lethargy with active buying pushing shares to their best levels in a long period. Gains remained solid at close as traders awaited further favorable Washington news to sustain the rally. The list covers the 14 most active stocks and their price moves.
MENTIONED IN THIS ARTICLE
New York
Washington
York
Building activity and business changes in East Iowa towns
Elkader Fassbinder acquires ice house property to remodel as a mill and install feed mill and mixing equipment within about two weeks. Leath expands ice business with locker plant addition. Strawberry Point Eddie Lyons takes over pool hall. wife and child to join by June. Mount Vernon residences sold and leased. Burchfield Motor Co. sold to Robert Morrison Inc. What Cheer Dalbey Lumber builds a new shed for storage of cheaper lumber grades.
MENTIONED IN THIS ARTICLE
Elkader
W. B. Fassbinder
Riverside
L. C. Lenih
Fassbinder
Leath
Iowa City
Burchfield Motor Company
Robert Morrison, Inc
Anamosa
Dalbey Lumber Company
Linn County Real Estate Conveyances and Mortgages Report
May 19 to May 25 conveyances total 62 and mortgages 23, with a 70 224 12 aggregate. Year ago 60 conveyances and 28 mortgages totaling 47 075.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Mortages Aggregate
Cedar Rapids Bank Clearings Rise Despite Slight Dip
Bank clearings in Cedar Rapids for the week ending May 27 totaled 1 316 239 54 dollars, up from the prior year’s 991 788 61 but below the week ending May 20. National totals from 22 leading cities reached 4 985 936 000 dollars for the week ending May 24, versus 4 432 257 000 a year earlier.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Dun and Bradstreet, Inc
United States
Trends of Business and Corporate News May 27 1939
Reports from Canada and the United States show mixed activity. Dominion statistics list Canadian carloadings at 47081 versus 51432 prior week and 45080 a year ago. Federal housing data reflect small home mortgages apprised at 25814059 and insured 16738700. Federal Reserve notes nationwide department store sales 7 percent above last year. Corporation news covers Pennsylvania Railroad assets and profits, Silver King Coalition Mines loss, and several dividend and record dates for major firms including Godchaux Sugars Haloid Perfect Circle Power Corp Scoville Manufacturing and related payments.
MENTIONED IN THIS ARTICLE
Commerce Department
American Iron and Steel Institute
Dominion Bureau of Statistics
Federal Housing Administration
Federal Reserve Board
Corporation News
Pennsylvania Railroad Company
Silver King Coalition Mines Company
Bastian-Blessing Co
Godchaux Sugars, Inc
Haloid Company
Perfect Circle Company
Power Corp. of Canada, Ltd
Fourth Successive Advance Registered By Stock Market
The stock market logged its fourth straight advance as activity rose to 380 000 shares in two hours doubling the prior Saturday. International Business Machines jumped over 4 points while rails led gains on relief legislation optimism. Industrial averages rose 0.71 to 136.80 with utilities up 0.11 and 335 issues advancing.
MENTIONED IN THIS ARTICLE
Pittsburgh
Chicago
Buffalo
U. S
Markets At A Glance
Markets show firm and moderately active stocks and irregular curb stocks. Bonds drift higher as U S govern ments fall. foreign exchange easy against the dollar. Cotton futures firm while grains in Chicago fall about 14 to 1 cent. rubber futures closed today and silver slips 1 16 pence in London.
MENTIONED IN THIS ARTICLE
United Press
U. S
Chicago
London
Also Mentioned on This Page
Thomas E. Flanagan
General Motors Corporation
Ford Motor Company
Association of American Railroads
Edison Electric Institute
Associated Press
Ernest G Henecke
Inn County
Qcd
Itmc
Arley
Minneapolis
Sac
Montana
DOW Jones
Lamson Brothers and Company
H. Mowrey
Merchants National Air Building
Bonneville Power
Frank Banks
Beck
Bonneville Dam
The
Maryland
New
New Englandun 11.92 12.05 Nor Am Tr
Neae Nor Am Tr
Am Bh Tr
Neae
Neeee Trustee Ltd
Local Securities
Iowa Securities
Central States
Elec. Co
Tee First Ave
Roosevelt
Pr. Co
Towa
Elec
Gite
Towa Elect
Plant Choate Mig
United Lt
Neneseene United
Central Blates
Pr & Lt
Ya i Aenese Interstate Power Co
Towa Public Service Co
Towa Boutlty Utilities
Towa ‘Bouthan ‘Utilities
Getles
Itis
Towa “Southern” Utilities’ “Co
Towa University Stadium
Beees
Sioux City
Chrysler Motors
General Motors
General Electric
Montgomery Ward
Loft, Inc
Ee Hewee
Glen Martin Toe
Curtise Wright
Greyhound Corp. Oeny
Goodyear Tire Veene
James E. Bennett & Co
Natl’ Bank Bldg
W. H. Jump
Res. Mgr
Real Estate and Mortgage Reports
Joseph Kushner and Company
Congress
Union Pacific
Atchison
Youngstown
Briggs
Ito
Chrysler
Eastman Kodak
Douglas Aircraft
Allied Chemical
Sally
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