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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 08, 1935
Page
18
Wall Street closed a week of gains with a record burst as President Roosevelts promise of a recovery pause boosted confidence. The Dow Jones hit a new high for 1931 stocks rose across rails and utilities with 148 new highs and 1,030 issues traded. Large blocks moved on the ticker as optimism spread.
A Saturday of fractional advances on many stocks with a few issues jumping 3 to 4 points amid thin volume. Al lied Chemical, American Can, American Telephone, Auburn, and Columbian Carbon led gains while General Motors fell and Chrysler held steady. bonds showed steady activity despite irregular government obligations.
Chicago traders pushed wheat prices higher as Canada establishes a higher minimum, with Winnipeg buyers affected. Chicago top quotes rose 2.14 cents to 214 cent range, while Dec futures climbed to 9448-34, oats gained 4-14, and provisions fell 5 to 17 cents as corn and oats followed wheat.
Flint Michigan report says Chevrolet Motor Car Co delivered 99,018 new cars and trucks in August, up 24,979 from July and 33,623 from a year ago, marking an all time August high.
Bond market report shows home owners 3s at 100.26, 3s 99.24, home owners 2748 49, and federal farm 3s 49 at 100.30. Bond sales closed with price movements indicating steady demand for U S government and farm issue securities.
In a duplicate bridge hand East and West revoke unintentionally, profiting the revoking side. The scene pits innocents against indignant opponents as the director declines extra penalties, urging readers to avoid revokes, uphold the Bridge code, and savor the irony of an amusing misplay.
Trade and industry showed an uneven week due to holiday weather yet remained above last year’s levels as optimism grew. Roosevelt’s “breathing spell” comment boosted business sentiment while retail eyed fall buying and wholesale activity lagged on holiday absence.
The corporate bond market absorbed a brief profit taking session and closed the week with modest gains. Government loans moved little while turnover stayed under 500000 dollars. Notable issues rose with Italian and Ethiopian relations firming foreign bonds.
Report details Linn County transfers and mortgages for Aug 30 to Sept 5 with six month totals. Conveyances and mortgages by month show counts and aggregate values for March through August. Aggregates: March 395 481.38, April 383 297.15, May 231 268.62, June 527 840.55, July 291 879.06, August 342 984.36.
Readable text shows broken stock index figures and dates. Mentions 164.60, 20 Ra, 39.6 Friday, week ago 106.6, month ago 108.3. Lacks clear event, company names or locations to confirm context.
A ten share Coca Cola International trade on the New York Stock Exchange at 450 a share initially caused Wall Street chatter for leaping 136 points from the prior sale. The trade was later wiped from official records by the exchange with a brief cancellation notice. The Coca Cola Company controls the entity and holds the stock closely.
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