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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 11, 1936
Page
25
The Associated Press reports a six year high in freight car loadings and a sharp rise in motor production helped push the nation’s industry forward last week. Retail trade improved across most regions despite adverse weather with the AP index of industrial activity at 96.2.
Copper prices in New York and East St Louis show little movement with copper at 9.75 cents per pound CIF. Lead sits at 4.45 cents in East St. Louis and 4.65 cents in New York as zinc ranges 4.85 5.22 cents. Antimony around 12 cents per pound ends the report.
Hedging dominated this week's cotton market trading. December fell by over 1.00 per bale as hedging depressed prices. A surge of foreign buying briefly lifted prices before renewed hedging trimmed gains. The government crop estimate projected 488000 miles more than expected with cotton goods sales over 2,000,000 bales, sparking a temporary price upswing of about 1.00 per bale.
Record price surges at Liverpool and Winnipeg lift Chicago grain markets. Canadian exports reach 3 million bushels in 48 hours while European tensions boost spot and nearby wheat offers. Chicago futures close firmly with mixed moves for corn and oats.
In New York the bulk of corporate bonds closed higher despite some profit taking over Columbus Day weekend. Turnover reached 9.18 million dollars, with rail issues mixed and several favorites advancing modestly while governments and foreigns dipped slightly. The AP indexes showed minimal overall movement.
In New York the bankers' acceptance market remained quiet with rates quoted at 1 4 to 3 16 per cent for short terms and up to 5 16 per cent for 150 to 180 days. Commercial paper held at 3 4 1 per cent and time money stayed at 1 per cent for six months or less. Call money stood at 1 per cent with no change.
New York AP reports a fierce competition among major networks over Thursday evening radio slots. CBS, NBC, and WJZ NBC push variety shows led by Kate Smith, Rudy Vallee, Major Bowes, Showboat, Don McNeill, and Chicago Jamboree to win the listening audience, with political broadcasts intruding as the contest continues after elections. The battle improves overall quality but forces listeners to switch between programs.
Prices of alsike clover seed offered to growers fell by 5 cents per hundredweight from Sept 1 to Sept 29 per the U S Bureau of Agricultural Economics. On Sept 29 the average price was 18 35 a hundredweight, compared with 14 30 a year ago and 21 80 in 1934. The 5-year average for that date was 12 40.
US Department of Agriculture reports scattered sales of graded fleece and territory wools in the Boston market last week. Prices were mostly steady from the prior week with occasional concessions, as buyers kept to asking prices and demand remained slow. Fleece quotes include 35 in grease for fine delaine, 51/6 for 2 blood staple, and 37 38 for coms ping. the market closes Monday for a Cahusibes day.
Detroit reports car makers have logged about two million miles of testing for 1937 models to iron out bugs and boost safety and economy. Water pumps, brakes, chassises, and interiors received intensive trials, with engines tuned for more power while maintaining efficiency.
The weekly permit log records dozens of activities including remodeling, reroofing, new dwellings and garages, commercial additions, and a service station remodel. Notable entries include Roosevelt hotel reroofing for 800 dollars and Tehel Bottling commercial addition for 15794 dollars.
No clear event or entities identified in the fragment. The line cites a factor of 2,800 in most new models and a representative increase over four and a half times, but lacks context such as subject, dates, or organizations.
Partial list of daily Cedar Rapids market prices across commodities including corn 70 lbs at 92c shelled No 2 and No 3 yellow 98c, soybeans yellow 1.05, hay straw prices, fruits and vegetables with crates and bushels, potatoes 1.75, bananas, cabbage, lettuce, celery, sweet potatoes, beef hides and cured hides pricing, plus assorted poultry and wholesale goods.
Detroit AP reports automotive circles discuss Ford Motor Co may begin producing automobile tires in its own plants. Ford has historically expanded in materials like steel and glass and operates a large rubber empire in Brazil planned to yield latex soon. Production of all tires from own rubber remains several years away.
Walker packing plant reports a better pickle season than last year with eight tanks salted before closing on Thursday.
Herman Brun scheen of Wyoming received a shipment of 400 western cattle this week. The lot will be divided between his home farm and the farm run by Oliver and Everett Brunscheen located three and one half miles south of here.
Special instruction is given to Keokuk county farmers each Monday night by Forrest H. Bennett, an agricultural instructor at the high school. The sessions cover timely farm problems and are followed by volleyball and other athletic contests in the school gymnasium.
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