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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 29, 1939
Page
32
The Associated Press notes strong recovery in industry with high capacity use and rising output. Railroads order heavy equipment, auto plants resume and expand, and wholesale and consumer spending support retail sales. Third quarter earnings show broad gains across 220 companies.
East Iowa towns show ongoing property sales and renovations. Columbus Junction's M E Fisher buys the Commercial hotel and plans a garage addition. Lisbon sees John Carpenter acquire a Robert Johnston estate house and lot. Decorah sees Larsens Clothiers purchase the former Engbertson building for modernization. Anamosa reports active new homes and business reoccupancies. Jusup and West Liberty note property purchases and new occupancy plans. The list includes multiple farms, barns, and outbuildings updated, with renovations and new tenancies in several towns.
A Chicago Consoli dated Chimney crew rebuilt a 200 foot stack at Penick and Ford plant by trimming to 90 feet and rebuilding with brick in two weeks. Eleven men, including Earl Marshall, started at the top and worked down to renew the top sections after prior lightning damage.
A strong start to the week lifted many New York stocks to new highs for the year though Dow Jones averages failed to break the prior peak. Late selling tempered gains but market breadth remained firm with optimism for further upside unless geopolitical news roils markets. The piece lists the 15 most active stocks.
A building plan shows a plumbing shop on the first floor operated by a man and his father Al Woerm. The second story will be converted into apartments for their families.
The Gazette Cedar Rapids reports price ranges for recent bond transactions rather than firm bids or offerings. Readers with interest in unquoted issues are advised to contact the financial editor at The Gazette Cedar Rapids Iowa.
A dense slate of Cedar Rapids market rates covers grains and feeds including No 1 yellow corn at 40c, No 2 38c, soybeans new crop at 7c. hay and straw values. butterfat quotes. poultry prices by weight and type. wholesale fruits and vegetables with lemons at 6 75, oranges 2 15 5, grapes 1 40. beef hides and calf hides pricing. horse prices and related items included.
Active buying in wheat pushed Chicago board prices up about 1% to 15 cents a bushel, nearing month highs. Other grains followed with gains, while drought in the southwest and unfavorable world weather supported the rally. Trade notes May delivery at around 8644 cents, with Argentina's crop revised downward and Canadian exports limited.
CHICAGO PRODUCE Receipts firm for butter with creamery demand steady. Carrot prices mixed. EGG prices firm with high grade eggs at 26c for extra firsts and 18c standards. Idaho russets and Nebraska Triumphs steady to firm. U S No 1 Buraps sold around 1.85 to 2.05 per sack range. New York prices largely steady with butter near 29 34c, eggs varied by grade and color, dressed poultry steady, live poultry unchanged by freight sales.
Bids for constructing the boiler room and additions to the new Springville school will be opened at 2 p.m. on November 6 in the office of the secretary of the board of education at Springville. Specifications have been prepared in the office of Mark Anthony, Cedar Rapids architect.
Saturday delivered metals prices in New York show copper at 122 cents for electrolytic and 1242 delivered lake. tin at 6534 spot. zinc at 6 69 New York and 6 50 East St. Louis. aluminum virgin at 20 21. antimony at 14. quicksilver 145 to 150 dollars per flask.
Lamson Brothers provides grain quotations for Chicago with H R Mowrey listed as Cedar Rapids manager at 503 Merchant National Bank building and contact phone 2 3141.
The market showed a firm start then drifted with losses broadening in evenly mixed sessions. Aviation and steel shares swung with aircraft orders and copper deals shaping bets on Allied demand while Roosevelt debt policy influenced Latin bonds.
Conveyances and mortgages recorded in Linn County from Oct 20 to Oct 26 reported by Linn County Abstract Company show 34 mortgages totaling 56 975.00. Compared with the same week last year there were conveyances and mortgages totaling 457 900.00.
Cedar Rapids bank clearings for the week ending Oct 28 totaled 1 400 679 93 dollars, ahead of prior year totals for the same week. This marks the twelfth consecutive week of gains, though the Oct 28 figure trails the Oct 21 peak of 1 456 754 50 dollars.
Markets at a glance show stocks lower and quiet with irregular bond and U S governments. Chicago stocks mixed and foreign exchange easy against the dollar. Cotton futures firm. Wheat in Chicago firm up about 41 2 cents, corn steady, rubber futures lower.
George Smith purchases the home of Peter J. Buch at 231 B Avenue NE and will take possession on December 1. The sale was made through Malcolm V. Bolton and company.
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