Stock Market Retreat and Industrial Outlook in Week Review
The week saw a retreat in stock prices amid debate over drivers. Aldrich of Chase National Bank cited impaired market efficiency from regulation as a factor while the Associated Press index of industrial activity edged lower to 96.3. Retail trade showed progress in many cities with weather aiding, steel output eased, auto production rose, and rail carloadings declined. Bond markets remained steady and forecasts pointed to a cautiously improving outlook in some sectors.
MENTIONED IN THIS ARTICLE
Aldrich
Chaseational Bank of New York
Foreign Ning
Eak
Gethe
Associated Press
American Iron and Steel Institute
Ford Motor Company
U.S
Federal Reserve
New York
Chicago
Sears Ree Buch & Co
Trends of business by United Press
Canadian carloadings fell to 61 388 in the week ended Oct 9 from 62 330 the prior week and 60 278 a year ago. Major firms report varied quarterly and year over year results with net incomes and losses across several sectors and a regular dividend announced by New Process Co. Noblitt Sparks and other lines show differing quarterly profits per share. Union Pacific and Westinghouse disclose nine month and quarterly results, reflecting industry performance trends.
MENTIONED IN THIS ARTICLE
Dominion Bureau of Statistics
New Process Co
Midland Rubber Co Expands Machinery and Plant
Midland Rubber Co plans to install additional machinery this week at its Cedar Rapids plant on 207 211 A avenue NE. The company, incorporated for 50000, began operations in September and specializes in mechanical and molded rubber goods such as tractor steering wheels and lawn mower tires. President is A Ruhlng, VP is Mrs J Scott Melntyre, and J Scott Melntyre serves as secretary-treasurer.
MENTIONED IN THIS ARTICLE
Midland Rubber Company
Cedar Rapids
Ruhlng
the Rubber Industries Inc
Keokuk
J Scott Melntyre
J. Scott Melntyre
Treasuer
Adding Machine Co Moves Offices Here
Fragmentary OCR reports the Adding Machine Company plans to relocate or establish offices in town. Details on date, location, and scope are unclear due to garbled text.
MENTIONED IN THIS ARTICLE
Adding Machine CO
Igley
Ovate
Germany Builds Giant Airship and Plane in Wunderlike Flight Drive
Germany advances the LZ 130 airship and the JU 90 giant plane at Dessau and Friedrichshafen. Helium use forces lighter load and higher fares while new cabin design, dining spaces, forward engines, and passenger comforts shape the ship for test flights next spring.
MENTIONED IN THIS ARTICLE
Junker
Dessau
New Jersey
Friedrichshafen
Germany
Amarillo
Tex
Houston
Ger
New Wholesale Fruit Company Opens Monday in Cedar Rapids
The Midwest Fruit company a new wholesale fruit and vegetable firm will open Monday at 419 First Street SE Cedar Rapids in the former Flodin Fruit building. It will be run by J F Vrbicky of Cedar Rapids and Gus Giunta of Dubuque with Joe Giunta representing the Dubuque firm. The operation focuses on fruits and vegetables with modernized facilities including refrigeration rooms a new unloading dock and space to load four trucks and seven carloads at once.
MENTIONED IN THIS ARTICLE
Midwest Fruit Company
Cedar Rapids
Flodin Fruit Company
First Street
J. F. Vrbicky
Gus Giants
Dubuque
Vrbicky
Cedar Rapids Commission Company
Nash Flodin Company
Western Groc
Dubuque House
Joe Giunta
C. C. Flodin
Wrights Purchase Five Acre Mitchell Site With Modern Home
Mr and Mrs Edward Wright of Mitchell South Oak purchase Emma A Howes five acre tract on Third Avenue West Road. The property includes a six room California bungalow, modern buildings, fruit shrubs and peonies. The deal was made through Mrs Elizabeth Giblin. The Wrights plan to dispose of their farm and return to Cedar Rapids. Their daughter and her husband Edward Jukubec will occupy the acreage until their return.
MENTIONED IN THIS ARTICLE
Edward Wright
Mitchell
S. Oak
Emma A. Howe
Third Avenue West Road
Elizabeth Giblin
Wright
Cedar Rapids
Oelwein
Milwaukee Railroad
Wright Ther
Edward Jukubec
Local Permits Reported For Last Week By Residents Firms
A weekly permit list shows numerous homeowners and businesses in multiple neighborhoods filing for remodels reroofs additions and new garages. Notable entries include Howard Martin with a new dwelling and the Williams and Hunting company for commercial repair and repairs at various street addresses.
Machula couple purchase Clarendon Hills building site
Mr and Mrs Frank Machula bought a new building lot in Clarendon Hills addition Lot 12 on Nineteenth Street near C Avenue from Hedges Company, planning to start construction this fall after selling their house at 405 Twentieth Street NE last week.
MENTIONED IN THIS ARTICLE
Frank Machula
Twentieth Street
Hedges Company
Clarendon Hills
Nineteenth Street
C Avenue
General Motors Reports September Car Sales Across Regions
General Motors shows September sales of 82,317 cars to dealers in the United States Canada and overseas up from 19,288 a year earlier. First nine months total 1,594,378 versus 1,516,092 last year. U S consumers bought 88,564 GM cars in September up from 85,201 a year ago.
MENTIONED IN THIS ARTICLE
General Motors
United States
Canada
Local Securities Iowa Securities Bonds and Stocks
A compiled list of securities including Iowa Public Service Co bonds maturing 1957 1959 and 1968, Interstate Power Co 5 and 7 percent issues, Iowa Southern Utilities Series 25 35 and 1950 195? notes, Central States Power & Light Corp, Blackhawk Perry Corp common, Western Grocer Co stocks, and related preferred issues with pricing and maturity notes.
MENTIONED IN THIS ARTICLE
Iowa Securities
Central States
Pr. & Lt
Interstate
Power Co
Iowa Public
Iowa
Towa Public
Iowa Southern Utis
Towa Southern Utis
Joyce Southern
Fox
State College Ames
Town University
State City Gas & Elec. Co
Waterloo
Cedar Falls & Northwestern
Blackhawk-Perry Corp
Pro& Lt. Corp Interstate Power Co
Towa Southern Utils. Co
Iowa Southern Utils
Bath Packing Co
Bronx City Gas& Elec Co
T’o
Western Grocer Co
the Gazette
Cedar Rapids
Central Iowa
Elec. Co
First Ave
Roosevelt Hotel
Town
Elec
Pr. Co
United
United Lt
Bishop
Inter-Ocean Reinsurance com- Inter-Ocean_Securities Co
Olag Pee
LaPlant Choate Mig. Co. Ti
Speeder Machinery Corp
United Ne É& Ry
Wheat futures slip as Liverpool rains curb demand
Chicago AP reports weak sentiment in wheat trading as Australian rains and U S rains dampen demand. Prices closed slightly below Friday with December at 99 to 99 1 4 cents and May around 99 1 2 to 99 5 8 cents. Corn and oats eased, rye and provisions mixed amid lighter exports and larger lard stock draw.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
United States
Argentina
Australia
Winnipeg
Kansas
Winnipeg Market Wheat and Grain Prices Decline Report
Market summary shows wheat futures opening mixed with Oct and Dec prices around 1. bri0%. Chicago cash provisions list various wheat grades including No 1 yellow and No 2 white. Quotable barley and buckwheat ranges noted, along with seed and other grain prices from Glover Seed and ARD-Tierces listings.
MENTIONED IN THIS ARTICLE
Chicago
Minneapolis Cash Grain Market Snapshots
AP dispatch from Minneapolis notes Saturday receipts of 114 cars with several price points for wheat including No. 1 heavy dark northern at 1.1524 to 1.2034 per bushel and hard Montana varieties. No. 3 yellow corn quoted at 88 to 66 cents and No. 3 white oats at 28 to 29 cents.
MENTIONED IN THIS ARTICLE
Minneapolis
Montana
Ice Dealers Of Iowa Meet In Cedar Rapids
Ice dealers from across Iowa gather in Cedar Rapids at the Montrose hotel for the Iowa Ice Institute sponsored by the National Association of Ice Industries. Marty G. Hust of Detroit will be principal speaker as plans for the 1938 advertising campaign are discussed.
MENTIONED IN THIS ARTICLE
Ice Dealers of
Iowa
Cedar Rapids
Marty G. Hust
Detroit
National Ice Advertising Association
Iowa Ice Institute
Montrose Hotel
National Association of Ice Industries
Shelf for Galoshes in Coat Closet
A back coat closet shelf above the baseboard keeps rubber and galoshes off the floor. The shelf slopes to the wall and sits an inch to an inch and a half away from the wall to let dirt drop to the floor so it can be cleaned more easily.
Auto Trade Considers Reducing Trade-In Allowances
The automobile industry's retail division weighs cutting allowances on trade-in cars and raising reconditioned unit prices as used car demand, prices, and aging inventories press dealer margins. Dealers fear longer credit terms for reconded units, preferring quicker payment.
MENTIONED IN THIS ARTICLE
Auto Industry
Motorcar
Automobile Industry
Selected stocks in recovery move on Wall Street
New York AP report notes a brisk market rally with gains of 1 to 2 points for many stocks while a broad list of issues hit two year lows. Chrysler led advances, others posted mixed gains, and margins and tax concerns lingered as investors eyed potential policy shifts and a federal easing of margins.
MENTIONED IN THIS ARTICLE
NEW York
Chrysler
Associated Press
Wall Street
Congress
Pittsburgh
U. S. Steel
Bethlehem
Anaconda
Kennicott
du Pont
N. Y. Central
Johns-Manville
Sears Roebuck
Goodyear
Deere
American Can
North American
Standard Oil
N. J
Markets in Chicago Produce Report
AP notes receipts and prices for butter eggs live poultry and potatoes in Chicago markets with steady butter and egg quotes, assorted potato varieties with U.S. and regional listings, and New York butter cheese and eggs futures data. Includes brief futures note from Peter Fox Bone company Cedar Rapids.
MENTIONED IN THIS ARTICLE
Chicago
White Rock
U .S
Idaho
Burbank U. B
Colorado
McClures U
North Dakota
Bilas
Cobblers U
Ohiox U
Nebraska Bias
Wisconsin
Michigan
New York
Peter Fox Bone Company
Merchants National Bank
Cedar Rapids
Railroads in 1936 Fuel Use and Freight Car Capacity
In 1936 Class 1 railroads required slightly less than 2 ounces of fuel to move one gross ton for one mile. United States freight cars in use have an average capacity of 48.8 tons, the greatest on record.
MENTIONED IN THIS ARTICLE
United States
Tunnels To Match Mountain Scenery
Portland builders shape Tooth Rock bore near Bonneville dam to blend with the scenery. Designers angle portal wings and group large rocks to harmonize with the landscape. Sodium lamps will stay on but auto dim for safety as motorists enter the tunnel.
MENTIONED IN THIS ARTICLE
Portland
Ore
Columbia River
Bonneville Dam
Russia Tops US War Material Purchases in September
The munitions control board reports Russia as the leading buyer of American war materials in September, with a total exceeding ten million dollars. About half funded war vessels and armor plate.
MENTIONED IN THIS ARTICLE
Russia
Munitions Control Board
United States
Also Mentioned on This Page
Commerce Department
Thomas E. Flanagan
Aelysts
Association of American Railroads
St. Louis
Kansas City
Allines
San Francisco
United Press
Chicago, Milwaukee, St. Paul and Pacific Railroad
F. W. Dodge Corp
Industrial Rayon Corp. and Subsidiaries
McGraw-Hill Publishing Co. Inc
Noblitt-Sparks Industries, Inc
Union Pacific Railroad
Westinghouse Air Brake Co
Midland Rubber Co
Texas
Lufthansa
Roy Caldwell
Twenty-sixth Avenue
Grace McManus
Harry Edleman
A Avenue NW
Harry Pratt
Twenty-seventh Avenue
Cc. T. Prentice
Grande Avenue SE
A. L. Fuchs
Twelfth Street
Standard Oil Company
First Avenue
L. W. Kasper
Thirty-first Street
Mrs. Holubar
Twenty-first Street
Mary Dvorak
Tenth Street
Trank Kanak
Ninth Street
Paul Lebeda
Eighteenth Avenue
Leonard Stark
Linden Drive
Charles Wright
Johnson Avenue NW
Clem Boyd
Maplewood Drive
Lee Thomas
Thirty-fourth Street
Tom McDonnell
First Avenue E
O. L. Becker
First Avenue B
F. P
A. P. West
Blake Boulevard
C. E. Ferris
Second Avenue
H M. Gardner
Thirty-fifth Street
Harry Chambers
N Street
C. H. Swab
B Avenue
Robert Evans
Park Avenue
Joe Brejcha
Williams and Hunting Company
Carl Schultz
Burwinkle
Thirtyee Street Drive
Machulas
General Motors Car Sales Show
Local Securities
Associated R
Maryland
Ruper Corp
Pann Brothers & Co
Buldine
Silas
Aiiish
Mile Whipple Agency
Insurance and Bonds
American Trust
Dial
Dickinson Head
Cedar Rapids Savings Bank
W. T. Sands
Anv
St. NE
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