Bears Retreat as Stock Market Gains Rails Lead Rally
On Aug 7 the New York Stock Exchange saw bears retreat as railroad stocks rallied with New York Central leading a broad recovery. Other rail names like Great Northern, Atchison, B&O and Pennsylvania advanced while industrials including U S Steel Bethlehem and Westinghouse fell back from earlier lows.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
New York Central
U. S. Steel
Bethlehem
Westinghouse Electric
Anaconda
Great Northern
Atchison, Balttimore & Ohio
Pennsylvania
Chesapeaee
Bank clearings and exchange figures from major cities
Indianapolis bank clearings Tuesday August 6 totaled 4 189 000 with 8 470 000 debits. New York Bank clearings 1 656 000 000 and reserve balances at 175 000 000. Treasury balance August 5 was 295 935 97. Chicago bank clearings 153 700 000 with balances 16 090 0. Foreign exchange in New York August 6 closed lower with Sterling at 4 84 25, francs 3.015-16, lire 5.22 11-16.
MENTIONED IN THIS ARTICLE
Indianapolis
New York
United Press
Clearing House
Federal Reserve Bank
Treasury
United Pr
Washington
Chicago
Bank Olearings
United Preas
Belga
Chicago Stocks Open by James T. Hamill Co
Unclear text shows stock market reference with Houdaille Iron Fireman and Ken Rad Tube among fragments. No coherent events or outcomes readable.
MENTIONED IN THIS ARTICLE
Chicago
James T. Hamill & Co
Houdaille Iron Fireman
Ken Rad
Nobiitt Sparks
Pork Market Steady with Strong Tone at Stockyards
Hogs were mostly steady with bulk 130 to 260 pounds selling $11.30 to $12.10 with rare tops. Receipts 7,000. holdovers 354. Cattle slow beyond top grades. beef steers at $16.50. weaners up to $15.50. Sheep and lambs weak. top lambs $12 to $13.50, some $14. Fat hogs $4.50 to $6.50. Chicago hogs 17,000 receipts. holdovers 5,000. bids $12 to $32.10 for 180 to 220 pounds. Cattle 13,000. sheep 17,000. Indianapolis hogs by weight ranges. cattle and calves slow. vealers up. beef steers $12.50 to $16.50. beef cows $8 to $10. Sheep 1,200 receipts. top fat lambs $14. bulk fat lambs $12.50 to $14. Bulk cull lambs $8 to $10. Fat ewes $4.50 to $6.50.
MENTIONED IN THIS ARTICLE
Chicago
Indianapolis
Bu United Press
Louisville
Bu United Preas T. Wayne
Ind
Anne
United
Cincinnati
United Press
Toledo
Buffalo
N. Y
Galfer Coeipia
United Prene
Cleveland
Pittsburgh
Augereen Ricketts
Hogs and Cattle Prices Across Multiple Markets
Livestock prices and receipts from Chicago Louisville Wayne Cincinnati Toledo and more show hogs steady to 25c lower, cattle steady to firm with best feeders in demand, calves and sheep varied by region, markets listing weights and price ranges for multiple classes and sizes. Includes Toledo and Cincinnati hogs and cattle figures, plus dairy and poultry notes.
Bullish crop reports lift wheat prices on strong export sales
Bullish crop news and better export sales boosted wheat prices in Chicago while corn rose on drought reports. Oats followed grain strength as traders described heavy liquidation that left the market receptive to bullish headlines.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Cash Grain Bids at Indianapolis Board of Trade
The Indianapolis Board of Trade reports cash grain bids by shipping point basis 41⁄2 NY rate. Wheat No 2 red 1179 1.19, No 2 hard 1140 1.16. Corn No 2 white 93% 94c, No 3 white 92 93c, No 2 yellow 91 92c, No 3 yellow 90%91c, No 2 mixed 89 90c. Oats No 2 white 41 44 42%2c, No 3 white 40 27. Hay steady with No 1 Timothy 15.5 to 18. Inspections totals listed by grade with cars and samples.
MENTIONED IN THIS ARTICLE
Ad Coast T Line
Bali & Ohio
Canadian Pac
Chesa & Ohio
Chesa Corp
Chi & N West
C &P Pee
del & Hudson
NYC
St Paul
Seaeae
Sti & We Caseand
Union Pacfic
West Maryland
Wabasheeee
West Pac
Ry Bignal
Pullman Peewee
Westingh Air
Westin Elec
Lion
Mills
Aante
Bethlehem
Colorado Fae
Inland Steel
Otis Ase
Newton Ludlum
S. Steel
Warren Foly
Youngston
Fanad Ur Corp
TTA Motors— Na Mag
Rk Briegs Seseeccee
Rssiet Corp
Eaton Azle
Graham Pat
Gabriel Snu SB
General Motts
Tas
Hudson
Gardner
Nash
Packard Murray
Pierce Arrow
Studebaker Cor
Stew Warner
Willys-Overland
Eee
Am ‘Smit & Big
Am Metals
Calumet & H
Calumet & Hecla
Cerro de Pasco
Granby Corp
Greene Can
Ial Gt Nor
Aes Inspiration
Howe Sound
Kennecott Co
Miami
Texas Gul Sul
Siouston
Wee Tee
Anap Oil & Gus
Poulips
Union of Cai
Aucnuela
Simms «Etrol
Sinclair Ou
Beeuy
Albe
Td Oil
Seba Au
Gil Nyx
Tigewater
Dexas Co
Oye
Texas
W& O
Libe
lSbs
Snousinas
Sumuey
Ass O
Alls Cnhamers
Allied Chemical Pe Ace
Armour A
Amer
Lolta Losis
Stoiling Mill
Borg Warner
Alleghaney Corp
al i. al Am Paliety
Ayta Am
Aiba
Crosley Aeee
Congo
Curtiss Se
Davidson Unen
Dupont Masees
Famous Bayers
Bom
Bbs
Lallal
Kelvinator Taser
Lot Lov Lambert Eee
Beene
Tee Loews Perevece
Sune May
Mies
Peeerree Ay
Monigom Ward Ilu Lldta
Owens Sot
Vo Anaus «Ioipe
Weoworth Co
Worthington Cu
Oy Wright Aero
Am Pr & Li
Tite Lew Am Por
Brklyi Mann
Col
G & Be
Jonsol Gas
Eae
Cai Edison
Bh Ltd Gas
United Corp
United Fruit
Ory
California
Canada
Postum_Co
Sumatra
É& Meyers Bi
Lorillard
Reynol
United Cizar St Eee
Schulte
Indianapolis Board of Trade
New York
Timothy
Son
Livestock Prices Mixed Across Markets in East Cleveland and Pittsburgh
Hogs receipts around 600 with holdovers and higher midweek prices in East Buffalo and Cleveland markets. Cattle and sheep also show steady to strong action with beef and veal values noted. Pittsburgh reports a strong market with top lambs near 13.50 and other category ranges.
Market Prices for Butter Cheese and Poultry
Wholesale butter prices No 1 45 46c No 2 33445c Butterfat 43c Cheese wholesale prices American loaf 35c pimento loaf 40c Wisconsin firsts 25c prime cream 37c Daly 25c Longhorn 26c New York limberger 30c Core prices fresh delivered No 1 i Poultry buying prices colored broilers under 1% lbs 28c 3 lbs ave 3 lbs or over 28c hens 26c old cocks 15c ducks 16 17c toms 23 23c old hens 30c
MENTIONED IN THIS ARTICLE
Wisconsin
New York
I. i
Ford Buys 1909 Motorcycle for Ford Museum
In Richmond Indiana Luther H Thomas sold a 1909 motorcycle to Henry Ford for 35 dollars. Ford will receive the check today and Thomas will ship the machine to the Ford Museum in Dearborn. The antique bike drew wide local interest after its street appearance. Thomas had bought it six months earlier from Elmer Thomas a veteran in bicycle and motorcycle trade.
MENTIONED IN THIS ARTICLE
Richmond
Ind
Luther H. Thomas
Henry Ford
Thomas
Ford Museum
Dearborn
Elmer Thomas
Local Wagon Wheat Prices Reported at Elevators
Elevators quote wheat prices with 7 and 2 grade bonds at 1.13 and 1.97 per bushel. Market watchers note variation based on quality.
Harvest Outlook Dim As Canada Faces Hot Dry Spell
Winnipeg reports show crops across western provinces hindered by heat and drought. Farmers fear rapid ripening reduces yields with rain needed. rye and barley cutting underway in Manitoba. wheat cutting noted and prospects vary by region. Peace River country and Athabaska expect normal or better yields.
MENTIONED IN THIS ARTICLE
Winnipeg
Canadian National Railways
Manitoba
Swan River
Russell
Saskatchewan
Alberta
Peace River
Athabaska
Economic activity shows telephony and retail gains across states
Industry reports include Associated Telephone Utilities buying Indiana Telegraph Securities and expanding in Texas Oklahoma Washington Idaho Montana Iowa Illinois and Indiana. Temple Corp raises output about 10 percent while cutting payroll 4 percent and recently cut prices on sets. Sonora radios demand soars with two-week orders doubling 1928 July volume.
MENTIONED IN THIS ARTICLE
Associated Telephone Utilities Company
Indiana Telegraph Securities Company
Logansport
Greencastle
Ind
Associated
Texas
Oklahoma
Washington
Idaho
Montana
Iowa
Illinois
Indiana
Market Prices for Fruits and Vegetables on Commission Row
Readable list shows multiple fruits vegetables with prices by crate, bushel, dozen, and count. Regions include California Michigan Washington Jamai ca and Florida. Items include apples pears grapes citrus and greens with unit prices and container sizes.
MENTIONED IN THIS ARTICLE
California
Valencia
Michigan
Toboggan Injury At Ripple Park Sinks Boy In Hospital
William Monroe, 13, of 2606 Cornell avenue, was brought to city hospital after a sled struck him on the toboggan slide at Ripple Park swimming pool. Clarence Wilkins, 14, and others rode the sled, with Robert Lawrence and McLaren Wallace also aboard. Monroe is believed to have a fractured neck vertebra. he was rescued from the water by lifeguard John Hurley.
MENTIONED IN THIS ARTICLE
William Monroe
Cornell Avenue
City Hospital
Fechit settles breach suit in Hollywood for 5000 dollars
Stepin Fechit also known as Lincoln Theodore Perry agreed to pay Yvonne Butler 5000 dollars in a superior court settlement of a 100000 breach of promise suit. Butler claimed he promised to marry last October but wed another woman. The minor plaintiff attended the proceeding as the court approved the settlement. Fechit rose to fame as a film star after once being a racehorse robber.
MENTIONED IN THIS ARTICLE
United Press Hollywood
Fechit
Negro
Talkies
Yvonne Butler
Miss Butler
Lincoln Theodore Perry
Stepin Fechit
Step-and- Fetchit
Stock market notes caution on speculation amid English rate uncertainty
The stock market report from New York notes favorable overnight news despite Bank of England action questions and tight credit. It cites strong car loading data and a bank's favorable view of a former speculative stock as an investment while urging investors to trim speculative commitments and avoid disturbing permanent holdings.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Bank of England
Five Persons Fined For Traffic Violations by City Judges
Five individuals were fined by municipal judges for traffic ordinance violations. Howard Dillinger and Fred South each paid $1, Lloyd Young and Steve Clancy paid $5, and Don Cox paid $2 for speed and improper lights and muffler violations respectively.
MENTIONED IN THIS ARTICLE
Howard Dillinger
Winter Avenue
Fred South
East Ohio Street
Lloyd Young
Jackson Street
Steve Clancy
East Washington Street
Don Cox
New Martindale Avenue
Northesk Earl Weds Betty Vilasto in Chelsea Registry
The Earl of Northesk married Betty Vilasto daughter of millionaire Anthony A Viasto at the Chelsea registry office in London. The Earl had been divorced last year from Jessica Brown an American stage dancer.
MENTIONED IN THIS ARTICLE
Betty Viasto
United Press
London
Earl of Northesk
Chelsea
Betty Vilasto
Anthony A. Viasto
Jessica Brown
Concert Arranged by Indianapolis Military Band at University Park
The Indianapolis Military band will perform at University Park on Thursday evening. The program includes Semper Fidelis Babes in Toyland Hungarian Comedy a euphonium solo by Noble P Howard former Sousa soloist A Hunting Scene William Tell excerpts from Babette Scotch airs selections from Prince of Pilsen and the Star Spangled Banner.
MENTIONED IN THIS ARTICLE
Indianapolis
University Park
Noble P. Howard
Sousa
Federal banks switch 10 state systems and charters
Treasury officials study mass switching of national banks to state charters since the 1927 McFadden law. About 250 to 300 banks moved, with over 2.5 billion in resources, leaving 350 fewer national banks. Causes include greater lending latitude and investment freedom in state systems, plus burdens of federal reserve membership.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Seaboard National
Hanover National
National Bank of Commerce of New York
Continental and Commercial National
Chicago
Tenth National
Philadelphia
Merchants-La Clede National
St. Louis
John W. Pole
Treasury
Capitol
Banking and Currency Committees
Federal Reserve System
Stock Exchange
New Fort Wayne Company Formed Allied Mills Inc
Allied Mills Inc a Ft Wayne holding company for American Milling Company and McMillen Feed Company filed incorporation papers Tuesday. It lists 2 000 000 no par value shares and 20001 50 paid in fees the largest under the new reduced rate statute. Incorporators are D W McMillen J F Kline George F Buist and F B Shoaff all of Fort Wayne.
MENTIONED IN THIS ARTICLE
Allied Mills, Inc
American Milling Company
McMillen Feed Company
Ft. Wayne
D. W. McMillen
J. F. Kline
George F. Buist
F. B. Shoaff
Cotton Markets Fluctuate As Traders Gauge Government Report
In New York Aug 6 the cotton trade opened strong with Garside estimating about 15 million bales. Liverpool bought later, prices slipped back to near the previous level as selling increased. Traders remained cautious and interest was light ahead of a forthcoming government report on a possible 15,370,000 bale estimate and weevil impact.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Garside
Liverpool
Texas
Public Auction Sale for Wrecked Whippet Coach
Auction will sell a wrecked Whippet coach with meter and serial numbers to cover storage charges of 35 dollars at WASPS GARAGE 4159 W Washington. Also notices invite sealed bids for supplies for Indiana state institutions with bid deadline in August 1929. In Memoriam honors two brothers lost in World War I and 1928.
MENTIONED IN THIS ARTICLE
WASPS
Washington
State OF
Indiana
Joint
Benevolent and Correctional Institutions
State of Indiana
Statehous
INT Purchasi Daily
E. Mccoy
Oti. Louden
Edward Louden
Margaret
Also Mentioned on This Page
Stock Mart
Asia
Pamir Mountains
Pacific
Siberia
India
Thomson & McKinn
AETN
Aetna Cabinet CO
AETNA
West
Maryland
Commonwealth Loan Co
J. H. Auferheidenty Building
Indianapolis, Indiana
Thrift Shoe Store
Merchants Bank Bldg
Washington and
Meridian Sts
Banks and Exchange
Marion Paint Co
South Meridian Street
Riley
Central
Newton Todd
Lemcke
James T. Hatuill & Company
Chicago Stock Exchange
Chicago Board of Trade
New York Curb
Lamson Bros. & CO
Otis & CO
Continental Bank
Rilley
Kansas
Ourl
Sak Befanegeta
Jos
Orado
Oees-11
Biss
Trium
Nebraska
Bu Times
Bu United Presse
Allyke
Times Special
Ween
Eves Sane
Ford
Born Museum
Temple Corporation
A. Merchey
Sonora
Eugene P. Herrman
Acoustic Products Company
S. W. Straus & Co
Ainsworth Manufacturing Corporation
F. & W. Grand
Inc
Sentry Safety Control Corporation
Edwin Schweriner
Grigsby-Grunow Company
Majestic
William C. Grunow
Container Corporation of America
Ings
ieMe
Raw Silk Exchange
Jerome Lewine
Sald
W. Strauss Co
J. B. Lyon Building Corporation
N.Y
J. B. Lyon Company
Menandson
Albany Earty Board
Straus National Bank Saw Trust Company of New York
Aiuee Power Sans Chisene Saenddeis
Super Power
Anglo-Am
Fox Theater
Fokker
Goldman Sachs
General Electric
Humble Oil
Newmont
Am Aviation
Normanda
Wee Lay Nat Aviation Tees
Fami
O Wee
Penroad Saaee
Packard Td
United S & P
United Gag & Imp
United Verde E .S Or
Wees
Willys Over
Tee
Virginia
Kentucky
Minnesota
Florida
Park Pool
Leo R. Sack
Times
NEW FT. Wayne Company
New Orleans
Hig
NEW York High Low Januatys
Mareh Ees
Wee Reese
New York Liberty Bonds
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