War Boosts Industry While War Supplies Bite Economy
Defense orders surge as the 1942 outlook centers on priorities and rationing. The 1941 national income is expected at about 88 billion dollars, with defense and war material consumption shaping growth. Production gains in aircraft, construction, and coal, plus steady freight and retail activity, contrast with stock market drag and looming supply constraints.
MENTIONED IN THIS ARTICLE
Great Britain
Germany
York
the Gazette Special News Service
Defense
OPM
Standard Statistics Co
Parity Stand Of F R Hits Grain Market
Wheat fell on the Chicago board of trade with a loss of 1.34 to 2 cents a bushel as traders reacted to President Roosevelt’s stance against the farm bloc loan proposal and a treasury order limiting frozen funds in futures. Soybeans weakened, oil and other grains declined, while White House support for a 110 percent parity floor and easing harvest weather pressured prices further. Winnipeg wheat also slipped.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Word
Roosevelt
Farm Bloc
Winnipeg
White House
Treasury Department
Theft Of Narcotics Probed By Officers
DES MOINES AP The theft of 280 grains of morphine sulfate from Town Lutheran hospital drug stock is under investigation by state and federal authorities. The amount could supply an addict for months. Reported to the state pharmacy department and the federal narcotics division after discovery Friday. Retail value about 28 dollars.
MENTIONED IN THIS ARTICLE
Des Moines
Lutheran Hospital
State Pharmacy Department
Federal Narcotics Division
Winnipeg Market Wheat and Chicago Cash Grain Summary
Market notes show Winnipeg wheat futures with mixed Oct and Dec quotes and minor fluctuations. Chicago cash grain lists No 2 hard wheat at $1.13 a bushel, with corn, oats, barley, and field seeds priced in various bid ranges, noting yellows and whites across grades and nominal field seed values.
MENTIONED IN THIS ARTICLE
Winnipeg
Markets CHICAGO PRODUCE REPORTS MIXED PRICES
AP dispatch from Chicago notes butter receipts at 558,300 firm with multiple price points and starchcream scores. eggs at 4,606 firm with unchanged prices. potatoes arrivals 106 on track with US shipments 560, supplies moderate and demand flowing for Idaho russets while other varieties steady. Idaho russet Bur banks US No 1 at 2.90 2.15. Colorado red McClures US No 1 at 1.70 1.85. Minnesota North Dakota Bliss Triumphs 1.50 1.75. Early Ohios 1.12 1.20. Wisconsin Cobbler US No 1 1.25. Katahdins 1.15. Futures show butter steady around 44.25 for November and 34.40 for December. eggs refrigerator standards show 29.90 for October and 29.78 for November. Saturday price around 35.18.
MENTIONED IN THIS ARTICLE
Chicago
Idaho
Lamson Bros. and Co
Coal Miners Seek Jobless Benefits in Iowa
Iowa coal miners laid off earlier this year seek unemployment benefits arguing the United Mine Workers stoppage and contract talks in the Appalachian region were not the cause of their unemployment. The state employment security commission will review the case this week, following a 1939 precedent ruling that benefits paid to miners who left the mines at John L. Lewis's call were improper.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
United Mine Workers
Appalachian
Iowa Employment Security Commission
Iowa Supreme Court
John L. Lewis
If Japan and US Collide War At Sea Edge For US Navy
A wartime naval comparison argues the United States holds the edge if Japan and the United States clash. It analyzes fleets, ships, and build rates, noting Japan’s smaller yards and America's rapid program, with naval strength favoring the U S by 1947 projections.
MENTIONED IN THIS ARTICLE
Japan
Uncle Sam
United States
Germany
Vis-Aiis
Great Britain
Stocks And Bonds Of Interest In Eastern Iowa
A Cedar Rapids Gazette style stock and bond roundup lists nominal bids and asked prices for a wide array of utilities, manufacturers, and rail entities. Listed are Central States Electric Co, Iowa Electric Co, Interstate Power Co, Iowa Public Service, Town Southern Utilities, United Light and Railways, Quaker Oats, Rath Packing, LaPlant Choate, Link Belt, Wilson & Co, Western Grocer, and Western Union with varying issue years and price ranges reflecting recent transactions rather than firm bids. The compilation notes price bands for common, preferred, and script issues, drawing attention to utility and industrial holdings active in eastern Iowa markets.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Iowa
Central States Elec. Co
Central States
Elec. Co
Elec Co
Cherry-Burrell Co
First Ave. Holding Co
Interstate Pr Co
Interstate Power Co
Iowa Public Service
Town Southern Utilities Co
Southern Utilities Co
Town University Sts
Luaiant Choate Mfs. ‘Co
Link-Belt Co
Clermont Church Erected In 1867 Gift By Frances Vinton
In Clermont Iowa a 1867 built limestone Church of the Savior stands as a memorial to Frances Jones Vinton of Providence Rhode Island who funded its erection in memory of her children Elisha Dyer Vinton and Caroline Dyer Vinton. Consecration occurred in 1870 and a memorial tablet notes the gift and dedication with the prophecy Thy praise shall sound from shore to shore. Regular services resumed under Rev Charles F Edwards who now conducts the first Sunday services each month.
MENTIONED IN THIS ARTICLE
Clermont
America
Iowa
Frances Jones Vinton
Providence
R. I
Cresco
Mr. Edwards
Cedar Rapids Bank Clearings Show Weekly Lead
The Clearing House reports Cedar Rapids bank clearings of 1 573 408 50 for the week ending Oct 25, exceeding the 1 448 203 15 total for the week ending Oct 26, 1940. The prior week ending Oct 18 recorded 1 647 683 90 in clearings, marking a higher figure than the latest result.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Governor Stresses Property Levy Cut in Iowa
Des Moines report says Gov. George A. Wilson used a semi monthly radio address to hail tax cuts. He noted state property tax levy reduced from 6 million in 1939 to under 3 million currently.
MENTIONED IN THIS ARTICLE
Des Moines
INS
George A. Wilson
Stocks Slip With Sizable Losses for Leading Issues
Stocks sagged through the session with leading issues showing sizable losses. Traders cited a weekend coal mine strike threat and wage board uncertainty as key factors. Major movers fell while American Airlines rose. oil shares steadied after earlier gains as copper and other commodities weakened.
MENTIONED IN THIS ARTICLE
Crucible
Johns Manville
DuPont
Eastman Kodak
U. S. Smelting
American Airlines
Dow Jones Averages Edge Lower Across Bond and Rail Sectors
The report shows mixed moves with bonds slipping 0.62, high grade rails down 0.09, second grade rails off 0.09, and utilities up 0.09. Industrials rise 0.02 while the transport and utilities sectors present modest gains amid fluctuating open, high, low, and close readings.
MENTIONED IN THIS ARTICLE
DOW Jones
Cedar Rapids Miscellaneous Grain and Poultry Prices
Prairie market notes list grain prices for Wheat No 1 at 1.00, No 2 0.98, Oats at 0.40 to 0.38, Rye No 2, Barley No 2, Corn shelled No 2 yellow 0.61, Soybeans No 2 yellow 1.43. Also straw prices at 11.00 and 9.00, poultry rates by weight from 12 to 14 cents for various fowl, wholesale fruits and vegetables with prices for celery lemons oranges and others, plus hides and live stock values including horses and kip.
Also Mentioned on This Page
Defense Industries
Paul Gesner
John Beckley
Dun and Bradstreet
F.R
Lamson Brothers and Company
H. R. Mowrey
Merchants National Bank
Owen High Low
Ventas L
L. Ca
Mch.eae
Tokio
Glne Farmer
Gillette
Senator Gillette
Deanna Durbin
Statesman
Graf Spee
Britain
NAVY
Vpay
Ele
Rie Oo
Lega
Central States Electric Co
Iowaz Electric Co
Iowa Electric Light and Power Co
United Light and By. Co
A. G. Heim
Roosevelt Hotel
Consult
Fred C. Wodrich
Ndows
Gc. V. Shepherd Agency National Life Insurance of
Montpelier
Vermont
Sth Ave
3Rd St
Clermont Church
Gala Hallowe’en
Paramount Theatre
Bob Hope
Comfort GO
Crandic
Iowa City
WMT
Utr
Cedar Rapids and
Iowa City Railway
Treasury
Alaska
Juneau
Chrysler
General Motors
Colorado
Wilde Markets
E. Cohn and Sons Ltd
Ave
Federa
Aunbil
Scott-Mcintyre
Bank
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