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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Aug 01, 1930
Page
11
New York stocks on the Exchange today show mixed results for banks as closing prices and net changes vary across leading issues. Thomson & McKinnon provides the day’s closing figures with United Press reporting full details.
United Press reports July 31 market rounds showing egg, butter, poultry, and potato pricing in New York Chicago and Cleveland. Leghorns, turkeys, and ducks list specific wholesale rates, with regional variations and shifts in demand noted.
Ft Wayne Indiana August 1 hogs market remains steady. Prices quoted for 90 to 130 pounds at 8 75, 130 to 150 at 9 15, up to 210 pounds at 9 50, 230 to 250 at 9 10, 250 to 300 at 8 75, 300 to 325 at 8 50, 325 to 350 at 8 25. Calves at 10 50 and lambs noted with limited detail.
Readable entries show retail coal prices by type and size. Pocahontas lump and mine run explain price points around 7.25 to 9.25 dollars. New River smokeless and anthracite list rates up to 16.75 dollars per unit.
Hog prices at the city yards moved up with values steady to 10 cents higher. Typical 160 to 260 pound hogs sold $9.20 to $9.65, top $9.70, with about 5,000 receipts and 947 holdovers. Cattle, calves, lambs and sheep also showed modest gains in active trading. Chicago and Toledo grain prices and a tar and feather incident in Indiana are noted in the same market Briefs.
Trading volume fell to year lows as the stock market eased, then recovered from early losses. Utilities lagged but rebounded with the broader list amid rate-cut expectations. Consolidated Gas and other utilities swung, while General Electric and General Motors moved modestly higher. Volume through noon showed lighter turnover versus Thursday.
Bank clearings and related figures for Indianapolis Chicago and New York are reported for August 1 with debits balances and totals. Treasury balance and expenditures are given for July 3, along with customs receipts to that date.
Chicago and several markets report hog receipts around 7 000 direct and 17 000 total with prices mostly 10 cents higher for heavy hogs and sows. Cattle and calves show steady to higher trends, with top hogs at 9.75 and cattle values around 8.50 to 11.25 for various weight classes and types.
Incorporation papers for the North Side Federation of Clubs were filed with the secretary of state. The group aims to acquire a park and golf course on the north side with officers Oscar F. Smith president Harry Schopp vice president and J Raymond Cox secretary.
Postmaster Robert H. Bryson reported July receipts at $347,920, down 8.14 percent from July 1929. The decrease of $30,858 follows a high July 1929 caused by heat and strong business, while 1929 had risen $27,000 over 1928.
Local wagon wheat facilities upgrade to improve storage and loading of wheat. New grain elevators and conveyors are planned to boost throughput at regional depots. Officials say the project will streamline shipments and support local farmers.
Sharp and Dohme Inc posted net profit of 341 316 after charges and depreciation for the June quarter. Other financial notes include gains and reserves across energy, transport, and banking sectors with multiple six month totals and stock actions. Births and local notices follow in this financial roundup.
Dow Jones summary notes federal taxes reduce the six month net profit to $614,326 on $273,010 in the preceding quarter. Timkin Detroit Axle reports 54 cents per share for the first six months versus 76 cents in 1929. McCall Corporation earns $2.26 per share, up from $2.23. June quarter figures show 13 cents per share versus $1.14 prior quarter and $1.19 in 1929.
Mrs. Lucretis Lewis, 76, of Georgetown, Indiana, succumbed at Methodist Hospital to injuries suffered in a fall. The death occurred after she was hospitalized following the incident.
Readable fragment lists many Indiana companies and their bond or stock details including Indianapolis Power and Light, Citizens Gas, Northern Indiana Public Service, Indianapolis Gas, Indiana Service Corp, Van Camp, Terre Haute Traction, and public utilities. Data points show common and preferred shares, bond issues and percentages, with scattered figures like 10312, 101, and 88, reflecting market quotes and par values.
George Edward Dillon of St. Louis, 22, was freed after a year and a half shaved from his six year sentence for robbery on good behavior. He left Elmira with his mother and step father for St. Louis. Dillon is the son of late William A. Dillon, former Washington University football star, murdered near the campus in 1925.
Raymond C. Forrest operator of the Forrest Inn barbecue stand at Allisonville was held to the federal grand jury under 1000 bond on liquor charges today by United States commissioner Howard S. Young. Forrest was arrested by federal agents and Indiana attorney general officers who said a small quantity of whisky and home brew was found in a raid.
A dense price roundup lists home grown asparagus lettuce tomatoes and onions with per dozen or per crate rates. Regional entries include California Michigan Indiana and Maryland prices for peppers cucumbers corn and more along with fruit baskets and crates from cantaloupes oranges lemons and berries.
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