War sparks demand as buyers seek American goods abroad
Business Week reports a war driven rush for U S products with 40 million pounds of South American tinned beef cited. Europe curb on imports prompts Latin American, Far East buyers to press New York firms for dollars and cash terms while Britain and France require licenses for certain items. Canada envisions role as war materials Arsenal.
MENTIONED IN THIS ARTICLE
Business Week
Forrest Chapman
Cedar Rapids
Man
New York
Central
South America
Europe
Germany
Ian York
Wea
France
Great Britain
London
Paris
United States
Manchuria
Japan
Berlin
Nippon
Canada
Latin America
Far East
Tokio
Britain
Washington
Buenos Aires
Business iWeek
Ottawa
Canaada
Dominion
Automobile
Montreal
Toronto
GE unveils 120000-pictures-a-second camera
General Electric announced a camera that captures 120,000 pictures per second the fastest in the world. The device uses 1,000 pin holes instead of a traditional lens and aims to photograph the flashes that occur when an electric arc is broken.
MENTIONED IN THIS ARTICLE
Schenectady
General Electric Company
Oelwein school contracts awarded for remodeling project
Thirteen bids were received for remodeling the Oelwein junior high building. E. F. White of Eldora won the main contract at 61 660 dollars. U. C. Nolte of Belmond took the electrical bid at 5 120 dollars and J. W. Darragh of Cedar Rapids secured heating and plumbing at 14 057 dollars. Charles Zalesky of Cedar Rapids designed the plans. Work to start this week.
MENTIONED IN THIS ARTICLE
Oelwein
E. F. White
Eldora
Mr. White
U. C. Nolte
Belmond
J. W. Darragh
Cedar Rapids
Markets At A Glance From United Press
Stocks advanced in active turnover while bonds and foreigns move irregularly. U S government issues drop to new lows for the year in heavy trade. Curb stocks and Chicago listings inch higher. Cotton futures fall up to 50 cents a bale. Wheat quotes down about 20 cents a bushel and corn off 2 to 3 cents. Rubber futures rise about 1.44 dollars a pound. Silver unquoted in London and New York.
MENTIONED IN THIS ARTICLE
United Press
U. S
Chicago
London
New York
Tax collections rise 545 percent since 1913 study says
Chicago report from the National Consumers Tax Commission finds total tax receipts jumped from 2.194 billion to 14.168 billion dollars between 1913 and present. Officials attribute most of the increase to hidden taxes embedded in retail prices paid by consumers.
MENTIONED IN THIS ARTICLE
Chicago
National Consumers Tax Commission
Commission
Express company appoints Cedar Rapids agent
S P Beatty route agent for the Railway Express agency is named Cedar Rapids agent to succeed F H Keyser who retires due to ill health. Appointment effective Sept 1. Beatty began in express business at Decatur Indiana Feb 8 1899 with Wells Fargo later Railway Express. He moved to Cedar Rapids Aug 1 1918 as route agent and serves until now.
MENTIONED IN THIS ARTICLE
S. P. Beatty
First Avenue E
Railway Express Agency
Cedar Rapids
F. H. Keyser
Mr. Beatty
Decatur
Ind
Wells Fargo Company
Railway Express Company
Grain Prices Sink on War Market Drama in Chicago
Wheat fell sharply on the Chicago board as nervous trading pushed prices down up to 34.4 cents. Corn and soybeans also declined, with December wheat dipping to 82 cents amid profit taking and softer demand after the war scare. Winnipeg and Canadian crop news weighed on sentiment as markets hesitated near session lows.
MENTIONED IN THIS ARTICLE
Chicago
INS
Chicago Board of Trade
United States
Winnipeg
Canada
Grain Quotations From Chicago by Lamson Brothers
Lamson Brothers and Company present Chicago grain quotations. H R Mowrey manages Cedar Rapids office located at 503 Merchant National Bank building. Contact phone 23141 for details.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers and Company
H. R. Mowrey
Cedar Rapids
Merchant National Bank
Linn County Real Estate Conveyances and Mortgages Report
Conveyances total 50 and mortgages total 37 for Sept 1 through Sept 7 in Linn County per Linn County Abstract. Mortgages aggregate 82,690 dollars. Comparison shows last year the week had 48 conveyances and 35 mortgages totaling 74,230 dollars.
MENTIONED IN THIS ARTICLE
Linn County
Linn County Abstract Company
Trends of Business and Corporate Earnings in Illinois and Nearby Firms
American Investment of Illinois reports first half net profit of 614443 equal to 1.52 a share versus 330876 or 0.86 last year. Colorado Fuel and Iron posts 57563 profit for year end June 30, vs 829363 loss prior year. Northern Pacific Railway shows 652179 for seven months versus 1023783 year ago, seven months net loss 5688829 versus 7921065. Western Union 7 months ended July 31 net loss 481909 vs 1848941 last year, July net loss 258521 vs 330240. Allis Chalmers notes 25 cents per common payable Oct 4 with record Sept 18. American-Canadian Properties liquidating 80 cents payable Sept 20 with record Sept 11. Coleman Lamp and Stove extra 25 cents payable Sept 30 with record July 1. Electric Storage Battery regular 50 cents per common payable Sept 30 with record Sept 18. Walter E. Heller and Company extra 5 cents plus regular 10 cents per common payable Sept 30 with record Sept 20. Steel Products Engineering Company 15 cents payable Sept 30 with record Sept 15.
MENTIONED IN THIS ARTICLE
American Investment Company of Illinois and Subsidiaries
Colorado Fuel and Iron Corp
Northern Pacific Railway Company
Western Union Telegraph Company
Allis Chalmers Manufacturing Company
The
Steel Products Engineering Company
Metals markets steady as copper tin lead zinc priced
Copper holds at 12.00 a pound in New York spot with export quotes not given. Lead remains $5.50 to $5.55 in New York and $5.35 in East St. Louis. Zinc steady at $6.00 in East St. Louis. Tin and other metals listed with unquoted futures and minor mentions of aluminum antimony quicksilver platinum and wolframite with no change noted.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Local Securities Quotations From The Gazette
Local securities page lists price ranges for recent transactions rather than firm bids. Entries include Interstate Power Co 1957 Gill Iowa Public Service Co and Iowa Southern Utilities series numbers with bid ranges, plus Sioux City Gas and Electric Co and Western Grocer Co stock figures.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Lown
Central States
Interstate Power Co
Gill
Jowa Public Service Co
Iowa Southern Utilities Series
Town Southern Utilities
Southern ‘Utilities Co
Iowan University Stadium
Sioux City Gas & Elec. Co
Waterloo
Cedar Falls & Northern
Gapkeal
Blniowa Southern
Aie “Co
Rath Packine Co
Sioux City One & Elec. Co
Western Grocer Co
Shortage of Waitresses and Maids Reported
The Iowa State Employment Service said Thursday there is a shortage of trained waitresses and experienced maids at 308 Third Street SE. While experienced women are preferred, openings exist for neat young women showing aptitude for either type of work.
MENTIONED IN THIS ARTICLE
Iowa State Employment Service
Third Street SE
Dow Jones Averages Mixed Across Sectors Briefly Reported
Market snapshot shows gains in some rails and industrials while utilities and tech drift. Dow Jones index readings edge higher with modest shifts across 65 stocks and related totals, highlighting mixed performance in rails, industrials, and utilities.
Advance In Stocks Meets Resistance
New York stock market posted another advance amid war boom optimism but faced heavy profit taking. Bethlehem Steel led gains with orders for ship construction boosting the sector, while International Mercantile Marine and Bush Terminal showed notable moves. Overall volume reached 1,560,000 shares as traders balanced bullish news with profit realization.
MENTIONED IN THIS ARTICLE
New York
INS
Max L. Brown
United Press
Bethlehem
Bush Terminal
N.Y
International Mercantile Marine
Wall Street
Bethlehem Steel
General Motors
International Nickel
N. Y. Central
American Smelting
Texas Corporation
United Aircraft
Pullman
U. S. Steel
Kennecott
U S Business Gains Pace in First War Week
U S business surged in the first full week of the European war, reaching its best pace in two years as demand abroad rose. Commodities and food prices climbed, with government talk of action to curb a price boom. Farm income and retail purchasing power rose, while industry expanded capacity and stock markets rallied.
MENTIONED IN THIS ARTICLE
U. S
France
Britain
York
United States
United States Treasury
Dun and Bradstreet
Associated Press
Building Activity and Business Changes in East Iowa Towns
Chodini and Abel reopen Miller Shoe store as Rod-Air Footwear with Rex Frank named manager. Chodini owns a store in Anamosa while Abel represents Brown Shoe Co in the region. Traer sees Hazel Morrow begin a new home project with white asbestos siding and oil heat. Glosser to build. Anamosa sees Philip Leibsohn acquire Monroe Hardware stock with sale led by W E Smith and Sid Leibsohn. Sigourney invites bids Sept 21 for a two story clinic building by Dr J L Doyle and associates with space for a future hospital unit.
MENTIONED IN THIS ARTICLE
Washington
L. Chodin
Anamosa
L. W. Abel
Guttenberg
Miller Shoe
Rex C Frank
Grinnell
Grinnell and Kearney
Neb
Chodini
Abel
Brown Shoe Company
St. Louis
Traer
Hazel Morrow
West Traer
E C Glosser
Philip Leibsohn
Cedar Rapids
Monroe Hardware
W E Smith
Sid Leibsohn
Sigourney
J. L. Doyle and
Norman Hatton
Bank clearings rise in Cedar Rapids despite holiday
Cedar Rapids Clearing House reports last week totaled 1,120,818.06 in bank clearings, surpassing the prior week’s 1,006,839.19 and the 1938 week ending Sept 10 of 1,056,483.90. Labor Day holiday reduced exchanges nationwide, but Cedar Rapids volume set a weekly record for the year.
MENTIONED IN THIS ARTICLE
United States
Cedar Rapids
Also Mentioned on This Page
Darragh
Express
New York Exchange
Minneapolis
Montana
U.S. Steel
Republic Steel
Callahan Zinc
Armour Oe
Kennecott Copper
New York Central
Socony Vacuum
James E. Bennett
Real Estate and Mortgage Reports
Corporation News
Local Securities
Iowa Securities
Central States Elec Co
First Ave
Roosevelt Hotel
Pr. Co
Pr Co
Town Land
United
United Lt
Lu & Pr
Maine
Delaware
Elec
Ees United
DOW Jones
Chrysler
Anaconda Copper
Standard Oil of California
Douglas Aircraft
Westinghouse
Air Reduction
Montgomery Ward
Union Pacific
Mass Invest
Ween Bta
New England Fund
A Eees
Nor Am Tr
Am 8H Inc
Std Oil
Asania A
E. Cohn & Sons
9Th Ave
Penick & Ford
W.t.sands
Second ST
Smitil Reavis
Dirre Puch
Dbiiaiy
East
Owa
Messinger & Sons
Ist Ave
Sahara
Cedar Rapids Fuel
ED Soboda
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