Market Value Of Stocks Suffers Three Billion Slash
The New York stock market lost about three billion in paper value over three days as stocks fell up to 35 a share, with only partial recovery on Thursday and Saturday. Trading volume surged while margins and investor nerves grew, and Dow Jones averages hit new yearly lows. Major declines included J J Case Sloss Sheffield Allied Chemical Westinghouse Electric U S Steel and American Telephone.
MENTIONED IN THIS ARTICLE
York
New York Stock Exchange
Dow Jones
J. J. Case
Sloss Sheffield
Allied Chemical
Westinghouse Electric
U.S. Steel
Chrysler
Anaconda
International Harvester
Northern Pacific
Union Carbide
American Telephone
Gain In Newspaper Advertising Volume
Chicago report shows retailers in eighty key cities placed 672 876 705 lines of newspaper ads through August 28 this year, up 51 percent from the prior period. Advertising Age notes an 11 percent year over year gain versus 1935.
MENTIONED IN THIS ARTICLE
Chicago
Advertising Age
National
Germany Tops Global Motorcycle Output With 151 000 Units
Germany leads world motorcycle production with 151000 units last year, out of a total 316000. Great Britain ranks second, producing 75000 units.
MENTIONED IN THIS ARTICLE
Germany
Great Britain
August 1937 Cedar Rapids business gains show modest rise
Consolidated report from the Cedar Rapids Chamber of Commerce notes August 1937 gains across many metrics versus August 1936 and a steady August 1937 against July 1937. Building permits up twenty. values up from 71473 to 96608. bank clearings 5 008 742.98. debits 23 543 214.05. telephone connections 17184. electric kilowatt hours 17352950. Employment falls from 5477 to 5201 while gas and post office receipts rise. new car sales near constant.
MENTIONED IN THIS ARTICLE
Consolidated Business Report
Industrial Bureau
The
Cedar Rapids Chamber of Commerce
Local permits show numerous remodeling and new structures
A week of permits lists many projects including new garages and dwellings. Notable figures include Marguerite Brown with a new residence and garage valued at 5400 dollars, and multiple addresses across SE NE SW NW and central streets.
MENTIONED IN THIS ARTICLE
Stellar Garage
Second Street
Clint Schrimper
Center Point Road
O. F. Washburn
Eighteenth Avenue
Howard Martin
Twentythird Street
Dwelling Foundation
Julius Mary
St. James Church
N Avenue
J. C. Railback
K Street
M. W. Rowray
Waveland Drive
O. W. Brawner
J. Lindley Coon
Bever Avenue
L. H. Poncin
C Avenue
Gus Mascek
Mount Vernon Avenue
W. EL Miller
Eighth Avenue
Marguerite Brown
Twentyfourth Street Drive
Chicago Produce Markets Report Mixed Butter Eggs and Poultry Prices
Chicago receipts show butter 11 404 steady with unchanged prices. Eggs 5 401 firm with local extra firsts up 2 cents and car lots up to 24 cents. Poultry receipts 1 car 2 trucks unsettled with hens up 2 cents per pound and various fowl prices listed across breeds. Potatoes on track 279 total shipments 622, with US No 1 prices around 1 35 to 1 56 per cwt and regional grades reflected. New York dairy and dressed poultry markets also noted with steady butter and cheese supplies.
MENTIONED IN THIS ARTICLE
Chicago
IAP
White Rock
Plymouth Rock
Springs
Idaho
U.S
Washington
North Dakota
Bliss
Minnesota
Wisconsin
Wisconsin Rhias
U. S
Wheat Declines Then Edges Up After Heavy Selloff
Chicago and Winnipeg grain markets report a sharp wheat price collapse Saturday due to heavy selling. Prices dipped as much as 4 1/2 to 4 3/4 cents before a partial rally developed. Reports cite profit-taking, weaker overseas demand, and rising cash corn as factors, with futures for September and December showing varied gains and losses amid continued volatility.
MENTIONED IN THIS ARTICLE
Chicago
General Commission House
Liverpool
Italy
Interest Rates May Stiffen As Reserves Lower
New York reports excess reserves dip below 800 million dollars and a rising need for pocket money by 500 million through year end. Federal reserve rate cuts aid banks to support industrial customers during seasonal payrolls and inventory needs. Government borrowing costs rise slightly, hinting at tighter credit despite cheap money overall.
MENTIONED IN THIS ARTICLE
New York
Business Week
Federal Reserve
Treasury
Finance firms curb long installment terms on home appliances
The drive to limit installment plans tightens with 24 to 18 month caps for cars and major appliances. Lenders cut 36 month terms for refrigerators ranges and water heaters to 30 months and reduce dishwashers ironing machines heaters washing machines vacuums and radios from 36 24 and 18 months. Down payments of 5 or 10 percent of cash price are now required.
Stocks slump not to affect business recovery
Washington officials said the stock market drop will not derail the general trend of business recovery or national banks. Comptroller J F T O Connor noted banks are not allowed to buy common stocks, with high margin requirements offering loan protection. Commerce official Ernest G Draper warned of possible temporary sentiment impact but expected overall improvement to prevail.
MENTIONED IN THIS ARTICLE
Washington
INS
Treasury
J. F. T. O'Connor Comptroller
Reserve Board
Ernest G. Draper
Linn County Conveyances and Mortgages Report
Linn County Abstract reports conveyances and mortgages recorded September 3 to September 9. Mortgages total 50 with aggregate value 31,550.00 dollars. conveyances counted at 43, with no further details provided.
MENTIONED IN THIS ARTICLE
Linn County Abstract Company
Linn County
Medicine clinic publicity and the specialist bias noted
A magazine health column attacks clinic publicity and the lure of specialists. It argues private clinics exist mainly for advertising, discusses AMA tacit approval of flashy names, and critiques the public’s obsession with “specialists” over general doctors.
The Specialist Evil in American Medicine
Dr Brady argues that obstetricians rarely surpass general physicians in routine cases and warns against overuse of specialists. He criticizes the modern obsession with admiration, the public appeal of surgeons, and the cost impact of specialty practice, urging specialists to act as consultants serving the profession.
MENTIONED IN THIS ARTICLE
American College of Surgeons
Trade, Industry Hold Steady After Labor Day
The Nations trade and industry moved at a steady pace with Labor day interruptions. Industrial activity rose to 104.6, carloadings and electric power gained, while steel operations lagged due to the holiday. Retail trade showed brighter signs as fall approached and departments reported variable results across cities.
MENTIONED IN THIS ARTICLE
Associated Press
Department of Commerce
Standard Oil Dealer Conference Slated in Cedar Rapids
About 375 attendees expected for Standard Oil company of Indiana tenth annual dealer conference at the Shrine temple Cedar Rapids next Wednesday. The event opens with a 6 p.m. banquet then films and dramatized talks on fall and winter merchandising plans by executives H. J. Bemis R. E. McLellan E. J. Ferriter and N. E. Kennard.
MENTIONED IN THIS ARTICLE
Standard Oil Company of Indiana
Shrine Temple
Cedar Rapids
H. J. Bemis
Davenport
R. E. McLellan
E. J. Ferriter
N. E. Kennard
Local Securities Price Ranges From Readings and Cotton Import Peak
The Local Securities section lists price ranges for various securities, noting these as indicative and not firm bids. It mentions a total of about 1,074,000 bales of raw cotton landed at Manchester, England, in the last fiscal year, marking a new high for cotton imports into the city.
MENTIONED IN THIS ARTICLE
Gazettes
Cedar Rapids
Iowa
Manchester
England
Also Mentioned on This Page
Wall Street
Max Buckingham
United Press
Broad and
Wall Streets
Fifth Avenue
Financial
Mediterranean
London
Europe
Federal Reserve and Securities Exchange Commission
W. T. Sands
C. R. Printing Co
DIAL
Frodicf
Lamson Brothers & Co
H. R. Mowrey
Merchants National Bank
F. Osha
Boybeane
IGA
Wits
Winnipeg
Bocaalls
Minneapolis
Montana
Wheeler Dam
Chattanooga, Tenn
Franklin D. Roosevelt
Tennessee Valley Authority
Hid
Maryland Fund
Aim R Nt
Nor Ain
Inc
Personal Health Service
Savedunk Clinic
American Medical Association
Main Street
Squedunk
Webster
Bridge Club
William Brady
M.D
Thomas E. Flanagan
American Iron and Steel Institute
Ward's
Edison Electric Institute
Association of American Railroads
Federal Reserve System
Cleveland
Toledo
Atlanta
Nsas
Standard Oil
Local Securities
Iowa Securities
Bends
Central States
Prte
Iowa Public Service Co
Tows Public Service Co
Town
Public” Service Co. Bigot
Iowa Southern Gein
Town Southern
Utls
Berles
Iowa Southern Uils. Co
Iowa Southern Uils. Co. ‘É'inds
Iowa State College
Ames
Berlak Wl
Dee Eel
Dren
Iowan University Stadium
Serla Rec
Sioux City
Gus A Elec
Waterloo
Cedar, Fails & North
One States Pr. & Lt. Corp
Ok Interstate Power Co
Thy
Iowa Southern Utls. Co
Rath Packing Co
Bronx City Gas A Eloc. Co
Western Grocer Co
Nom Wal
United St
la Plant Choate Mfg
Save With Life Insurance
Leo G. Ulich
the Mutual Life Insurance CO
American Trust
Life Insurance Co
America
ABC
Diechimeen Secretarial Seheo
Mile Whipple Agency
Insurance and Bonds
Leslie E. Crabbs
George R. Liddle & Co
Cedar Rapids, Iowa
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