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This newspaper page contains 21 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 15, 1940
Page
21
Washington reports show heavy industry and retail surge as defense spending accelerates. Higher marriages boost home building and consumer buying, while steel and auto output climb, with shipyard orders and new plants expanding payrolls and production.
Cedar Rapids August business conditions showed no major gains from July yet remained stronger than August 1939. The Industrial Bureau report notes 11 of 13 categories up versus a year ago with eight gains from July. New car sales rose to 190 cars and 36 trucks, while inbound and outbound carloadings edged higher.
Cedar Rapids Clearing House reports week ending September 7 clearings at 1 310 60.36 million, down from 1 284 083.72 million the prior year’s same week and 1 107 524.93 million the previous week. The figures show a decline versus both the prior week and the corresponding week a year ago.
Pan American Airways reports second quarter operating statistics showing flights cover a distance equivalent to 344 trips around the earth, surpassing the three months ending June 30, 1939. Regular Europe service remains strong with a higher total for the period.
Loyal Dutch forces in the East Indies display lapel buttons reading Nederland zal her ruzen as they vow to prevent Japan from overrunning their territory. From Sumatra to New Guinea, ships planes and mountain garrisons defend a region rich in resources with a Java base likened to Coco Solo in Panama. The fleet remains intact aside from a few losses in the blitzkrieg.
Wheat traded in a narrow, steady-to-uneven range on the Chicago board, closing mixed as December touched 76 1 3 cents and ended up near unchanged. Corn and soybeans rose and fell with little momentum, oats eased, rye soft, and global markets showed mixed signals amid light hedging. Winnipeg and Buenos Aires prices also reflected small shifts as harvest updates and demand concerns influenced grains.
Chicago cash grain prices show No. 3 hard wheat at 77 32c, No. 5 hard durum at 73 2c. Corn ranges include No. 1 yellow 64 32c to 66c, No. 2 yellow 5c, No. 1 white 74 7/4c, with sample grade 63c. Oats list No. 3 white 30c, No. 4 white 27 7/1c, sample grade white 28 4c, No. 1 white heavy 32 2c, No. 3 white heavy 31 9c, No. 4 white heavy 28 7 44c.
AP reports Saturday grain activity with 404 cars of wheat traded versus 291 last year. Cash bids hold steady with No 1 heavy northern at 76 to 77 1/4 cents, No 1 dark northern 74 1/2 to 75 1/2, No 2 true at 74 1/2, No 3 at 74 1/4 to 75, and hard Montana No 1 at 70 3/4 to 71. Corn No 3 yellow at 56 1/2 to 57 1/2 cents, oats No 3 white 23 4/3 to 26 3/4, barley 33 4 to 34, rye 24 1/4 to 26 1/4.
Butter receipts total 774 509 with firm prices and creamery No 93 score 27346y 28 percent. eggs 4 828 receipts steady with unchanged prices. Potatoes 433 arrivals 82 on track 240 with moderate supplies and slow demand. Idaho russets slightly weaker while other regions hold steady. Prices quoted for U S No 1 potatoes across varieties range from 80 cents to 275 dollars per cwt with various regional marks such as Bliss Triumphs and U S No 1 in effect.
Senator McCarran charged in the Senate that telltale bearings and drive shaft parts were removed from the Pennsylvania Central airliner wreckage in Virginia. He urged a congressional inquiry into the crash that killed 25, including Senator Lundeen. An FBI agent was among the victims. a coroner ruled accidental death.
Wallace outlines post war farm challenges during Minnesota swing. He warns against trusting foreign promises to pay for crops, urges farmers to prepare for postwar realities, addressing peace and preparedness in stops at Ada Fergus Falls Crookston Moorhead Morris. Australian koola bears remark ends article.
Chesterfield cigarette ads release an early fall program by Liggett and Myers Tobacco featuring Fred MacMurray Robert Rapelye Georgette McKee as stars. Notables include golf champion Gene Sarazen and football great Sid Luckman. Three Women Flyers of America members and a World Series baseball ad complete the lineup.
Maquoketa Commercial Club will hire a full time secretary on an experimental, one year basis. A resolutions committee proposed the move and the board will finalize details of reorganizing the club. Kenneth Gatman of Rock Rapids shared a city method, and F. R. Purinton noted many cities with similar setups. The club also slated street decorations, named a parade chair, and hired Barker brothers to stage a Christmas pageant tied to a December 4 parade.
A list of price ranges for stocks and bonds in eastern Iowa is shown as nominal bids and asks rather than firm offers. Securities include Central States Elec Co, Cherry Burrell, Towa Electric, Iowa Electric, Interstate Power, Iowa Public Service, Town Public Service, LaPlant Chonte Mfg, Link Belt, Quaker Oats, Rath Packing, United Railways, Western Union, and others with varied years and serials.
The U S Army awarded 241 722 438 in contracts for about 2 000 aircraft and engines and large quantities of machine guns and other gear for a 1 200 000 man force. GM led with 81 398 872 for four gun plants and mass production. Packard received 62 448 000 for Rolls Royce aircraft engines. Bell Aircraft and Republic Aviation shared 76 396 592 for pursuit planes and parts.
New York Mayor LaGuardia attacked Wendell L. Willkie's past ties to public utility firms. He praised Roosevelt's war policy, saying Hitler understands Roosevelt's language, while Willkie would misread it. LaGuardia mocked Willkie's campaigning since the Philadelphia convention.
The market ended up on a muted note with gains in leading and blue chip shares offset by declines in others. U S Steel and American Telephone rose while J I Case and Western Union fell. steel production hit a yearly high as volume dipped.
Cedar Rapids Retail Credit association opens fall activities at the LaFayette club room 320 Second avenue SE Monday at 6 p.m. The meeting will discuss how to settle accounts of men drafted for military service and how draft law provisions may affect local businesses.
Decorative window grilles provide property protection and aesthetic value. Designers offer many patterns with or without ornamentation, allowing careful selection for both function and style.
Grain prices list No 1 Hard Wheat 83c No 2 61c oats White No 2 27c No 3 26c Rye No 2 4c Barley No 3 34t4se shelled No 2 yellow 86% No 9 4c Soybeans No 2 yellow 68c Straw baled daily 7.30 6.00 Cedar Rapids poultry offers spring over 5 lbs 12c to 10c Leghorns 10c Hens over 5 lbs 13c 4 to 8 lbs 11c Leghorns 9c Old roosters 7c Leghorns hens 2c No 1 15c No 2 2c Wholesale fruits vegetables lemons 5.75 oranges 3.50 3.75 grapefruit 3.00 Michigan celery 4S Lettuce 3.00 Onions 11.5471.60 Cabbage 1.00 Carrots 2.75 New potatoes 1.50 3.40 Prunes 70c Red grapes 1.65 Pears 1.00 Sweet potatoes 1.40 Hilde Market No 1 cured hides 1c No 2 cured hides 6c No 1 calf hides 4c No 2 calf 4c No 1 kin 4c No 2 kin 7c No 1 horse 3.25 No 2 horse 2.75 Pony and clue half price Manes and full tail included
Conveyances and mortgages recorded in Linn county during Sept 6 through Sept 12 1940 reported by Linn County Abstract Company show 58 conveyances and 39 mortgages totaling 69397.85 dollars. The corresponding week last year is noted.
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