Rail Market Slips as U S Steel Leads Declines
U S Steel dropped to a yearly low as the stock market weakened further on Saturday. The market posted a 1 to 10 point tumble with 1,570,000 shares traded, rails fell on rate rise news while Pittsburgh steel operations signaled further cuts next week.
MENTIONED IN THIS ARTICLE
U.S. Steel
Wall Street
Pacific Coast
LCC
VO Gandiant N
York
INS
Pittsburgh
Exchange
Union Pacific
U. S. Steel
Pennsylvania
Atchison
Great Northern
Southern Pacific
N. Y. Central
Bethlehem
Youngstown
National
Deere
Loew's
Wright Aeronautical
Amsterdam
Credit Sales Rise Fifteen Percent in Cedar Rapids
Cedar Rapids leads among 40 U S cities in September credit sales with a 15 percent advance over the prior year. Across 12 004 stores surveyed the nationwide average rose 5 9 percent while Detroit posted 23 8 percent. Collections lagged behind last September as weather stayed warm and clothing lines anticipated stronger volume.
MENTIONED IN THIS ARTICLE
Cedar Rapids
United States
National Retail Credit Association
R. E. Walker
Mich
Industry Slows as October Activity Drops Across Sectors
The AP reports a broad slowdown with steel output down to 55.8 percent capacity and rail loadings dipping. Retail trade shows weather-driven gains while motor production edges up. The stock market tumbles early, then recovers, with margin selling and profit-taking shaping the week.
MENTIONED IN THIS ARTICLE
Associated Press
Department of Commerce
City’s New Downtown Building Sparks Cautious Optimism
Reports show Minneapolis department store sales 5 to 10 percent above last year while wholesale activity remains brisk ahead of December trade. Kansas City notes lower retail turnover vs last year but up from last week and steady wholesale. Mail order gains outpace stores as farm districts show stronger purchasing power. San Francisco notes uneven West Coast trends with slight weekly and yearly declines, yet high petroleum, aircraft, motion picture, and power activity.
MENTIONED IN THIS ARTICLE
Federal Reserve
Boston
New York
Cleveland
Toledo
Atlanta
Birmingham
Minneapolis
Kansas City
San Francisco
Paul R Maire Becomes New Shell Distributor in Linn County
Paul R Maire formerly with Shell Petroleum in Cedar Rapids returns to Cedar Rapids as Shell distributor for Linn County after years in Oelwein.
MENTIONED IN THIS ARTICLE
Paul R. Maire
New Shell Oil
Shell Petroleum Company
Cedar Rapids
Oelwein
Shell
Linn County
Treasury reports 1935 profits up 141 percent from 1934
United States treasury final 1935 income statistics show net capital gains of 509,714,000 dollars and total net income of 14,909,812,000 dollars. Dividend receipts amount to 2,234,727,000 dollars.
MENTIONED IN THIS ARTICLE
United States Treasury
East Bankers Call Market Political Panic
Eastern bankers and brokers label recent market swings a political panic after attending the A B A convention in Boston. Frank C. Welch of Peoples Savings Bank says uncertainty in the general political outlook hurts incentives, notes high state taxes and heavy government take in gains. Speakers urge fiscal balance and restraint to avoid eventual chaos.
MENTIONED IN THIS ARTICLE
Frank C. Welch
Peoples Savings Bank
American Bankers Association
Boston
Mass
State Bank Division
Association
Mr. Welch
New York
Welch
Tom Smith
Jong
Missouri
Food Index Drops to Year’s Low After Fourth Decline
The Dun and Bradstreet Weekly Food Index fell 2 cents to $2.80 for the week ended Oct 19, a forty nine week low. From a high of $3.01 on March 23 the drop is 21 cents or 7.0 percent, with the 1936 index at $2.75 showing a 1.8 percent advantage.
MENTIONED IN THIS ARTICLE
American Iron and Steel Institute
Ward
Association of American Railroads
Interstate Commerce Commission
Bradstreet
Freight rate hearing on vegetable oils set in Chicago
Cedar Rapids industry and Iowa officials push against proposed rail freight increases for soya bean and corn oil. The hearing before a Western Trunk Lines committee opens in Chicago Wednesday with Penick and Ford protesting corn oil rates and H F Sundberg of the Cedar Rapids Chamber backing soya bean oil interests.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Chicago
Western Trunk Lines
Penick and Ford, Ltd. Inc
H. F. Sundberg
Hline
Sundberg
Interstate Commerce Commission
Washington
Iowa
Peoria
Milwaukee
Wis
St. Louis
Decatur
John C. DeMar
Commerce Counsel
Towa
Finois
Wheat prices ease slightly in Saturday trading
Chicago Wheat futures ended slightly lower after wavering gains as export sales were expected limited until the exchange closed. Liverpool strength supported opening grain prices while Winnipeg and Winnipeg oats traded lower amid broad declines across corn oats rye and soybeans.
MENTIONED IN THIS ARTICLE
Chicago
INS
Board of Trade
Liverpool
United Kingdom
Winnipeg
Buenos Aires
Markets show steady poultry and egg receipts across regions
FRDPUCE reports steady egg receipts at 12 362 with mixed colors unchanged. Poultry prices mostly hold with live and processed items flat. regional grain and dairy markets list varied but largely stable amid slight shifts in beef and cheese supplies.
MENTIONED IN THIS ARTICLE
Eaahig Fmeset Borgen Uv
North Dakota
WEW
York
New York
Fresght
Miss Leola Zavodsky Wins Repeat Efficiency Award
Miss Leola A. Zavodsky of 811 Oakland Road NE returned from Des Moines where she spent the week as a guest of Equitable Life Insurance of Iowa. She was one of six cashiers to win in a six month efficiency contest covering all company offices in the United States. This marks the second time in two years she has earned the award.
MENTIONED IN THIS ARTICLE
Leola A. Zavodsky
Oakland Road
Des Moines
Equitable Life Insurance Company of
Iowa
United States
Miss Zavodsky
Barton Says Nation Needs Business Men In Congress
Barton argues business men should enter politics to reform government efficiency. He cites his own firm growth from 1900s capital and over 500 workers, noting taxation on undistributed profits aided his rise. He envisions a cabinet with business experience and stresses broad consumer-minded leadership.
MENTIONED IN THIS ARTICLE
Barton
Congress
House of Representatives
New York City
Theodore”’Peyser
White House
Elected Manager for Morris Plan Company Cedar Rapids
Leland R. Murray former credit manager of the Des Moines Morris Plan bank was elected manager of the Morris Plan company of Cedar Rapids and assumed duties Oct 15. He succeeds Harry E. Pratt who remains president after twenty two years at the helm. Murray has seven years with Des Moines Morris Plan and experience in credit work with Utica Clothing Co where he served as credit manager for four years.
MENTIONED IN THIS ARTICLE
Leland R. Murray
Des Moines Morris Plan Bank
Morris Plan Company
Cedar Rapids
Harry E. Pratt
Mr. Murray
Des Moines Morris Plan
Utica Clothing Company
Nine Month Steel Output Nears Peak
Dun and Bradstreet reports a survey of the iron and steel trade showing nine months’ ingot production near the 1928 peak, with shipments of steel sheets and tin plate high. Auto and farm equipment demand bolster output, but rail and construction demand weaken in the year’s fourth quarter.
MENTIONED IN THIS ARTICLE
Dun and Bradstreet
Alien Funds Invested in Manufacturing Lines
The Weekly Letter from the Administrative and Research corporation of New York reports that about 30 percent of foreign funds in the United States are in manufacturing. It cites a Commerce Department survey noting large shares of common stock direct investments and preferred stock in manufacturing. Foreign investments totaled over seven and a half billion dollars in early 1937, up from six and one tenth billion in 1936.
MENTIONED IN THIS ARTICLE
United States
Administrative and Research Corporation of
New York
Department of Commerce
Also Mentioned on This Page
International Harvester
Chrysler
General Motors
Consolidated Edison
Fire & Casualty Insurance
W. Thomas E. Flanagan
Thompson Photo
Craemer
Second Avenue
First Avenue
Local Securities
Iowa Securities
Ganette
Cedar
Central
Wes
de Pr. Co
United
United Lt
Pr. Ee
Aes
United St. & Ry
Dela- Shoehee
Bishop Cafeteria
Gelttrn
Elec
Inter-Ocean Reinsurance
Ocean Securities Ca
Towa Elec
A. K
Towa Elec. Co
Jowa Elec
Gopilral
Interstate Power Co
Towa Public Serv
Iowa Public Serv
Beries
Uus. Co
Towa State College
Ames
Tow University Stadium
Stat City Gas A& Elec, Co
Waterco
Cedar Falls
Northwestern
Blackhawk-Perry Corp
Crsstal
Interstate
Towa Southern Utis- Co
Towa Southern Utis, Co
Rath Packing A
Bronx City Gas & Elec. Co
Western Grocer Co
East Bankers
Frank Welch
American Bankers Assn
Sosa
Bami
Seteaiees
Jewse
Utures Furs
Peter Fox Sons Company
National Bank
Telephone
Merryle Stanley Rukeyser
International News Service Financial Writer
Mr. Barton
Teresay
Co Cone
Lanwell
C.s
Bec Maryland Fund
Anys Quarterly Inc
Am Sh Inc
Super Corp Am
Save With Life Insurance
Leo G. Ulich
the Mutual Life Insurance CO
American Trust
Life Insurance Co
America
ALIEN
Betton
Mile Whipple Agency
Insurance and Bonds
Dial
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!