Consumption Advance Brightens National Business Picture
The commerce department weekly survey found present consumption in most lines ahead of production, though colder wet weather hurt retail sales. The Associated Press index of industrial activity stayed at 686.6 as gains in housing and cotton helped offset declines in steel and autos. Forecasters expect eventual readjustment as inventories shrink and demand recovers, with some predicting end of summer or year for a complete rebound.
MENTIONED IN THIS ARTICLE
A . Ashington
Commerce Department
St. Louis
Associated Press
Savannah
Atlanta
Norfolk
Seattle
Philadelphia
Cincinnati
Washington
Dallas
New York
Pennsylvania
Ohio
House Moves To Revise Railroad Bankruptcy Law
Washington leaders say the House Judiciary Committee will draft a bill to speed major rail lines through bankruptcy and consider consolidation paving the way for unions of railroads in bankruptcy. Officials note action on reconstruction finance loans to railroads is unlikely for now.
MENTIONED IN THIS ARTICLE
Washington
INL
House Judiciary Committee
Roosevelt
RFC
Jesse Jones
Michigan Insurance Firm To Receivers
The American Life Insurance company for Detroit was placed in receivership Saturday by Circuit Judge Leland W. Carr. The firm, organized in 1907 as the Northern Assurance company, reinsured policyholders of the American Life Insurance company of Des Moines in 1921, depositing securities worth about 3 300 000 to protect Iowa policyholders. World sugar consumption last year reached 32.4 pounds per person, up 5 percent from 1929 and the highest on record.
MENTIONED IN THIS ARTICLE
Lansing, Mich
TheAmerican Life Insurance Company
Detroit
Michigan
Leland W. Carr
Ayres
Europe at Speed Electrifies Rails Across 1937
A 1937 survey shows broad European progress in rail electrification. France opened a 135 mile Paris to Le Mans stretch, Italy linked Reggio to Salerno over 265 miles and plans 630 more, Germany centered on Nuremberg Halle, Poland expanded Warsaw vicinity lines by 65 miles, the Soviet Union added a Goroblagdat to Chusov line, and Denmark and Finland show rising interest while Belgium lags. Brussels area electrification is being considered.
MENTIONED IN THIS ARTICLE
Paris
Europe
France
le Mans
Paris-Vierzon
Tours
Bordeaux
Germany
Nuremberg-Halle
Grosskorbetha
Leipzig
Italy
Reggio-Salerno
Bologna
Milan
Rome
Livorno
Poland
Warsaw
Soviet Union
Goroblagodat
Chusov
Kisel
Sverdlosk
Denmark
Finland
Belgium
Brussels
Linn County Abstract Company Conveyances and Mortgages
Linn County Abstract Company reports conveyances and mortgages recorded in Linn County for May 20 to May 26. Total mortgages issued amount to 47075.00, compared with 53840.00 in the same week last year. Conveyances figures are listed alongside mortgage totals.
MENTIONED IN THIS ARTICLE
Linn County Abstract Company
Linn County
British planes plan non stop Africa to Australia flight
Three geodetic mono planes may fly together from Egypt to Australia to set a new long distance record. The air ministry plans the attempt in early fall with two route options Cairo to Dar win and Singapore to Australia. The current distance record is 6 305 miles Mos cow to California. Northwestern University students toured Chicago by airliner. Lincoln Ellsworth plans Antarctic voyage sailing from New York August 10.
MENTIONED IN THIS ARTICLE
Royal Air Force of
Great Britain
Egypt
Australia
United Press
London
Air Ministry
Tropics
England
Singapore
Cairo
India
Netherlands East Indies
Darwin
Moscow
California
Arctic
Miss American Aviation Contest Tied to 1938 Air Carnival
October 10 report notes Ellsworth plans to map Enderby quadrant of Antarctica from the air. Preparations for the eighth National Air carnival at Birmingham Municipal Airport expect 20 000 visitors on June 4 and 5. The event will crown Miss American Aviation 1938 with entrants from major airlines, manufacturers, and Southeastern governors.
MENTIONED IN THIS ARTICLE
American Aviation
Ellsworth
Enderby
Antarctica
Birmingham
Ala
Aero Club
Local permits issued in the last week
A list of home and business building permits approved in the past week across multiple addresses. Actions include new dwellings and garages, remodels, reroofs, and commercial additions with varied values from $100 to $10,000. Notable entries include Co. Watsabaugh, Park Avenue Realty, and Clare Marshall among numerous individuals.
MENTIONED IN THIS ARTICLE
E. O. Brown
Maplewood Drive
M. C. Adison
Center Point Road
S. Stolba
Twenty-ninth Avenue
Henry Junghaus
E Avenue
Virgil Saling
Nineteenth Street
L. E. Rutan
Ninth Street
Glen Mobry
A Avenue
E. M. Rider
Wilson Avenue
L. T. Caldwell
Twentyee Street
Weaver Witwer
Thirtieth Street
Joe Josephek
Anton Karkosh
Fourth Avenue
Co. W. Peterson
Fairway Terrace
Clare Marshall
Crescent Drive
Claude Peddycourt
Camburncourt
Co. L. Watsabaugh
Fifteenth Street
Park Avenue Realty Company
Bever Avenue
LaPlant-Choate
First Avenue
Joe Rompoti
Second Street
J. F. Douglas
Seventh Avenue
Ella Newman
Twelfth Street
J. R. Beyer
Twenty-second Noa
H. C. Hahn
Henry J. Hromek
Second Avenue
Joe Stanek
Woodland Drive
George Tanborg
Mount Vernon Avenue
Local Securities Price Quotation Notice
The following quotations are not firm bids but indicative ranges from recent trades. If you seek issues not listed, write the financial editor at The Gazette Cedar Rapids Iowa. Bonds included.
MENTIONED IN THIS ARTICLE
Theazette
Cedar Rapids
Iowa
BONDS
Iowa securities and local utility stock quotes
The clipping lists Central States Power and Light and several Iowa utilities with series and percent figures, including 8 percent estimates and mentions of Iowa Public Service and Iowa Southern Utilities. It references Sioux City, market items, and stock notation such as preferred and common shares.
MENTIONED IN THIS ARTICLE
Central States
Towa Public Service Co
Town Public Service Co
Iowa Public Service ‘Co
Iowa Southern Utilities
Markets At A Glance In Sluggish Trading
Stocks were irregularly higher in dull trade with curb stocks mixed and Chicago listings uneven. Bonds stayed quiet while foreign exchange firmed against the dollar. Cotton futures fell about 50 cents per bale and grains declined to fresh four year lows with wheat and corn down. Silver rose slightly in London. Copper steady with spot tin and aluminum noted in market chatter.
MENTIONED IN THIS ARTICLE
My United Press
Chicago
London
April Corn Grind Reported by Corn Industries Group
The Corn Industries Research Foundation announced an April corn grind of 5,141,138 bushels for domestic use. Eleven refiners of starches syrups sugars and other corn products are represented including Penick and Ford Ltd of Cedar Rapids. The U S Patent Office has issued over 2 000 000 patents in 102 years.
MENTIONED IN THIS ARTICLE
Corn Industries Research Foundation
Penick and Ford, Ltd., Inc
Cedar Rapids
Wheat Prices Fall Sharply on Heavy Selling in Chicago
Wheat futures fell about 3 percent as selling intensified with July near 69 and September around 70 5 cents. Other grains followed lower with corn near 54 1/2. oats and rye declined and soybeans eased. International markets mirrored the weakness as Winnipeg Liverpool Buenos Aires posted fresh lows, signaling ample Argentine surplus to press into world markets.
MENTIONED IN THIS ARTICLE
Chicago
INS
Winnipeg
Liverpool
Buenos Aires
Argentina
Pittsburgh
Grain receipts and bid quotes from Minneapolis market
AP reports Saturday receipts totaling 57 cars with mixed trading, basis unchanged. Cash quotes include No 1 heavy dark northern at 89 4/4 to 97 4/4, No 1 dark northern 83 7/8 to 84 7/8, and No 1 hard Montana and amber durum varieties. corn No 3 yellow 50 4/8 to 52 1/2, oats No 3 white 23 9/16 to 24 3/4, with overall trading basis steady and prices down a touch in some grains.
MENTIONED IN THIS ARTICLE
Minneapolis
Casse Grain
Montana
Chicago Markets Report Butter and Potatoes Mixed Prices
AP reports steady butter receipts across markets with mixed gains and declines. California and Idaho potato supplies show moderate demand and firm or slightly weaker prices, while butter receipts rise with weakness in creamery and extra grades. New York and Chicago markets display varied butter and cheese quotes as stock levels adjust.
MENTIONED IN THIS ARTICLE
Chicago
California
Louisiana Bliss
el Bo
Taulsians
Alabama Bass
White Rose U
Bliss ‘Triumpha
Idaho
Russet Burbanks U
New York
Petroleum Industry Seeks Federal Gasoline Tax Repeal
Linn County Petroleum Industries committee and about 200 service station workers protest the federal gasoline tax as an emergency measure since 1932. R. R. Ford says repeal would save motorists over six dollars annually and add roughly 200 million dollars to trade nationwide.
MENTIONED IN THIS ARTICLE
Linn County Petroleum Industries Committee
R. R. Ford
Mid-Continent Petroleum Corporation
Cedar Rapids
Ford
Linn County
Stock market recovers ground amid holiday quiet on Memorial Day weekend
Wall Street traded in a holiday mood as brokers stayed away and turnover sank to 220000 shares in the two hours. The market steadied after recent losses while steel, railroad, chemical, and oil issues showed mixed moves and key gains faded by close.
MENTIONED IN THIS ARTICLE
Wall Street
Roosevelt
York
INS
Chemical
Union Carbide
Akron
Goodyear
Chrysler
Eastman Kodak
Loew’s
British Trade Feels Foreign Crisis Effects
European tensions ease as commodity prices fall to new lows. British business sees downturn from price slides, with stock trading slack except for Western Holdings. France expands public works while Germany shows little crisis impact and Japan-Italy plan a broader trade pact. Canada notes steady activity with minor gains in wholesale and retail.
MENTIONED IN THIS ARTICLE
New York
Europe
Business Week
Journal of Business News
Argentina
Stock Exchange
Orange Free State
Western Holdings
London
Lord Nuffield
Morris Motors
France
Bank of France
Germany
Moscow
Orient
No More Municipal Sums For Cleveland Reliefers
Seventy five thousand relief clients faced shortages as city council funds dwindled. Mayor Harold H. Burton refused further transfers from city departments and urged the Ohio legislature to act on a permanent relief program after weeks of sporadic session in Columbus.
MENTIONED IN THIS ARTICLE
Cleveland
Harold H. Burton
Ohio Legislature
Columbus
Sugar Loaves Rome Back to Venice Invention Claim
A Venetian resident 500 years ago devised sugar loaves as a practical form of sugar. The invention helped store and use sugar efficiently, marking a shift from granulated to moldable blocks.
MENTIONED IN THIS ARTICLE
Venice
Newcomer Rentals Tie People and Places in Cedar Rapids
New tenants arrive in Cedar Rapids as S. T. Hootman from Des Moines takes chief clerk post in the railway mail service, renting 1930 Park Avenue SE from Dr. and Mrs. L. B. Gray who move June 15 to 1423 Bever Avenue SE. Others include Mrs. Serge Boldereff leasing 1620 Fifth Avenue SE apartment, and rentals at 417 Seventeenth Street NE and 1624 Sixth Avenue SE plus 111 First Avenue W managed by local firms and owners.
MENTIONED IN THIS ARTICLE
L. B. Gray
Park Avenue SE
S. T. Hootman
Des Moines
C. W. Reames
Railway Mail Service
Reames
Sixth Avenue SE
Horton Bailey
M. W. Fussell
Mount Vernon
Miller
First Avenue W
Cc. L. Miller Building Company
Cc. C. Hagerman
Marion
Also Mentioned on This Page
Thomas E. Flanagan
Michigan Insurance Firm
Real Estate and Mortgage Reports
United States
Kansas
Nebraska
Aviation
Northwestern University Sociology
Lincoln Ellsworth
Europa
Southampton
Arush
Nairobi
Cape Town
Cale
Local Securities
Central Town
Elec
Towa
Town Land & Bldg
Seria Ao United
United
United Lt. & Pr
United St
Delaware
Iowa Securities
TOCKS
Central States Pr
Piers Wats
Seawete Wee
Aryland Fund
Oe & Nor
Eves
Gaber
United States Patent Office
Eae Bae Anton Es
Ae Eat
Tate Sym Sgh
Lamson Brothers & Co
Owney
Merchants National Bank
Owen H . Cr
Petroleum Industry
U. S
Bethlehem
U. S. Steel
Union Pacific
Atchison
Newcomer Rentals
Weerkinson
C. B. Mids
THE
J. B. McGladrey Company
Certified Public Accountants
Burlington
Davenport
Iowa City
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