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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 15, 1936
Page
4
U S steel and oil led a broad upturn as workers and shareholders share in a predicted 4 billion dollars in year end bonuses wage increases and dividends. Federal reserve bulletin notes activity highest since 1930 with unemployment easing but still large.
The piece notes a broad rise in pay and bonuses across steel oil auto and other sectors as 1936 ends and 1937 begins. It highlights major wage increases bonuses from Chrysler General Motors Eastman Kodak Johns Manville and Chicago packers with optimism for broader economic improvement and brighter christmas finances for American households.
Linn County Iowa proceedings document the October 6 1936 board meeting. They list judges and clerks for the November 3 1936 general election across numerous townships and districts, plus approvals of financial reports, widows pension funding, tax suspensions for old age assistance recipients, a tax refund for an erroneous payment, and salaries for the relief department staff for 1936.
The October consolidated business report from Cedar Rapids notes 16 610 connected telephones in the city, higher than prior months. Clearing house totals reached 4 718 300 dollars, debits 25 513 159, and post office receipts rose to 47 480 38. Real estate transfers fell to 188, car sales 179, gas consumption jumped to 42 478 900 cubic feet, and electric usage declined slightly to 15 676 200 kilowatt hours.
London reports describe President Roosevelt's warning about excessive European funds entering the United States. Financial circles note uncertainty may dampen European activity on Wall Street, while experts doubt direct restrictions or foreign taxes would calm markets without scaring small investors.
Chicago wheat closed firm after a session that rose from start to finish. December contracts posted the season’s highest weekly close with gains supporting rye and oats, while corn lagged as receipts rose and weather favored supplies. Argentina’s delayed shipping to Europe and tight world wheat demand were noted as key factors. Provisions moved mixed with higher demand from shorts.
The Editor and Publisher index shows a big October advance across most ad classes. National ads rise 30 percent from 1935, with automotive and retail also up. display edges out classified for the first time this year. Measurements cover 52 cities per Media Records.
New York trading ends with a mixed session as fears of federal limits on foreign buying temper the post election rally. Volume falls though notable advances in alcohols, amusements, and aircrafts buoyed spirits. mining shares lead declines with big losses in Anaconda and U S Steel.
A chiropractor recounts a case of a 52 year old woman with chronic knee pain and teeth extraction mismanagement. He cites inadequate prior diagnoses, highlights thorough exam findings, and notes a successful knee manipulation with temporary relief. He urges unity among healers and criticizes gatekeeping in medical training.
A digest of corporate results including Anaconda Copper Mining Co and subsidiaries reporting nine month net income of 9,940,132 or 1.15 per share, Anthracite Institute October shipments up 14.62 percent, Bucyrus-Erie declares 1.75 dollar preferred dividend, City Ice & Fuel 50 cent common dividend, Davega Stores six months net income 181,715, Electric Auto-Lite nine months net profit 3,242,683 or 2.52 a share, Finance Co of America dividend 12.5 cents, International Paper & Power nine months profit 1,548,006 or 1.72 a share.
Raw sugar remained unchanged at 3.70 with March at 2.64 and July at 2.70, each down one point. Refined sugar stayed flat at 4.80 for fine granulated, as market quotes held despite minor shifts.
Butter receipts reach 10 304 with prices unchanged. Eggs receipts 2004 steady with various grade and local price tiers. Live poultry supplies 15 trucks steady with mixed price moves across hens, leghorns, broilers, and turkeys. Potatoes receipts 88 on track 323 with light demand and varying U S No 1 and No 2 prices across russets and whites.
AP New York produce recap lists butter receipts at 6 205 and creamery prices higher for extra 32 33 cents while firsts 31 32 cents and seconds around 30 cents. Cheese receipts 155 295 steady, eggs firm with mixed colors firsts 36 cents, mediums 32, dirties 12 30 cents, checks 24 cents. Live poultry weak with no freight or express quotations.
Memphis Tennessee Plough Inc manufacturers of Penetro St Joseph aspirin Moroline and Black and White cosmetics report 1936 ten month sales up 12.3 percent from 1935 with profits over 400000. Abe Plough says if sales pace continues 60000000 packages will ship in 1936 vs 48000000 in 1935 crediting heavier daily newspaper advertising and costs up about 46 percent over 1935.
United Press reports uneven trading across major markets. U.S. government bonds hold near records while curb stocks drift lower in moderate activity. Chicago stocks show irregular moves as foreign exchange firms and commodities like cotton firm while grains edge higher and rubber rises.
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