Stock Market Plunges After Fed Rate Hike Sparks Selloff
U S stocks worldwide dive as the New York Federal Reserve lifts rediscount rate from 5 to 6 percent. Traders rush to unload bonds and equities, driving the thirty industrial average down to 338.68 and rails to 170.55, with U S Steel and General Electric among the sharpest fallers as volume hits 5,022,360 shares.
MENTIONED IN THIS ARTICLE
Lauited
New York
United States
Canada
Europe
New York Federal Reserve Bank
England
New York Stock Exchange
Wall Street
General Electric
U.S. Steel
General Motors
American Can
Consolidated Gas
Wright Aero
Montgomery Ward
Union Carbide
Packard
American
American Telephone and Telegraph
International Telephone
New York Central
Erie
Chicago, Rock Island & Pacific
Northern Pacific
Missouri-Kansas-Texas
Anaconda
Kennecott
New York Stocks and Hawaiian Tourism Notes
The report notes grain elevator bids in city markets at 1.17 for Bok wheat and 1.12 for No 2 hard. It also records that over 20 000 tourists vacated in the Hawaiian islands last year.
MENTIONED IN THIS ARTICLE
Hawaiian Islands
Hogs and cattle mixed as markets steady to higher across regions
Hogs were irregular with a steady to higher trend at Union Stockyards, bulk 140-260 lb hogs $11.25 to $12, receipts 6,500. Cattle scarce and steady, vealers $315, sheep market up 50 cents or more with lambs $13 to $14.50. Chicago and other markets show mixed results with various weight classes and direct sales to packers.
MENTIONED IN THIS ARTICLE
Chicago
Louisville
United Press
Buffalo
N. Y
Cleveland
Bu United
Pittsburgh
Cincinnati
Bank clearings and balances across major cities
Indiana bank clearings Aug 5 total 4 048 debits 7 811 000. New York bank clearings 1 456 000 000 with clearing balance 456 000 2159 000 000 federal reserve credit balance 148 000 000. Treasury net balance Aug 7 138 436 337.81 and customs receipts 11 738 590. Foreign exchange lower with sterling 84 647 16, franc 3.91c, lira 5.229-16, belga 13.89 2c, mark 23.80c. Chicago bank clearings 106 100 000 balances 83 000 000.
MENTIONED IN THIS ARTICLE
Indianapolis
Indiana
New York
Clearing House
Federal Reserve Bank
Washington
United Pres
Treasury
United Press New York
Belga
Chicago
Mit Bedlne
Stenographer-Secretary Ad Seeks Competent Worker
Classified notice requests a stenographer and secretary known for competence and accuracy. Ad highlights neat work and provides a phone contact Li 6682 for applicants.
Wheat Market Holds Steady Amid Stock Market Pressure
The agricultural department reports as of Aug 1 corn at 78.8 percent of normal, projecting 2.74 billion bushels. Winter wheat for 1929 is 568.2 million, with water wheat yielding 142 bushels per acre and crop quality at 86.7 percent. Chicago trading mirrors government data with mixed shifts and late buying support.
MENTIONED IN THIS ARTICLE
United Preas
Washington
Agricultural Department
Chicago Grain Table Aug 9 from Bu Times Special
Chicago and Toledo market notes show grain prices and receipts for wheat corn oats rye and barley. Prices listed for No 2 red No 2 yellow No 2 white No 2 domestic clover and alfalfa hay and butter eggs and timothy with October December and current contracts.
MENTIONED IN THIS ARTICLE
Bu Times
Chicago
Bu United Press
Sean Filies
United Press
Toledo
Allyke
Wholesale butter and dairy price snapshot across markets
The report lists wholesale butter prices No 1 45 46c No 2 33 45c and butterfat 43c. Cheese prices per pound include American loaf 35c pimento loaf 40c Wisconsin firsts 25c prime cream 37c Daisy 25c Longhorn 26c New York limburger 30c. Fresh delivered Indianapolis prices No 1 32c No 2 24c. Poultry prices cover broilers under 142 lbs 24c 14 to 3 lbs 26c 3 lbs or over 28c hens 26c Leghorn hens 2c old cocks 15c fowls 25c ducks 16 17c spring guineas 30c turkeys No 1 young toms 35c No 1 old toms 22 23c No 2 old hens 25 30c. US and New York markets also report flour pork lard tallow potatoes sweet potatoes dressed poultry live poultry cheese and egg price movements with regional variations.
MENTIONED IN THIS ARTICLE
Wisconsin
New York
Indianapolis
Broileys
Middle West
Long Island
Jersey
Southern
Young America
Consolidation Talks Advance Amid Steel Merger Probes
United States Steel experts visit the Pacific coast to review Columbia Steel properties as consolidation prospects with Columbia move forward. If merger proceeds, antitrust clearance would be sought from the Justice Department. Executive offices of Missouri Kansas Pipe Line relocate to Chicago August 15 to support growth, while operations stay in Kansas City.
MENTIONED IN THIS ARTICLE
United Press
New York
United States Steel Corporation
Pacific Coast
Columbia Steel Corporation
Columbia
Department of Justice
Missouri- Kansas Pipe Line Company
Kansas City
Chicago
Frank P. Parish
South LaSalle Street
W. T. Stevenson
Missouri-Kansas
B. R. Bay
Markets React to Rediscount Rate Change in New York
In New York the market digested a rediscount rate cut and a bill rate decrease amid mixed views on future effects. Analysts note the move aims to aid business and agriculture, while skepticism remains about stabilizing securities markets and lasting rally.
MENTIONED IN THIS ARTICLE
Thomson
McKinnon
New York
Wales
Manufacturers Expect Best Fall Buying in History
United Press reports Detroit Aug 8 194? car markets show modest gains in new car sales while used car trade weakens. Chevrolet reached its millionth six cylinder model and plans about 350000 more units this year. Edsel B Ford cuts Lincoln prices up to 650 dollars the first public price drop. Packard trims 290 dollars on all models ahead of new fall designs. Cadillac notes high business volume will rebound with fall buying.
MENTIONED IN THIS ARTICLE
J. Peterson
United Press
Detroit
Mich
Chevrolet
Edsel B. Ford
Ford Motor Company
Ord
Packard
Lawrence P. Fisher
Cadillac Motor Company
Cash Grain Bid Round From Indianapolis Board Of Trade
Bids listed at the call of the Indianapolis Board show firm wheat and corn prices with various grades. Wheat No 2 red 1.31 1.23. No 2 hard 1.18 1.19. Corn firm No 2 white 97 99c. No 3 white 96 98c. No 2 yellow 96 98c. No 3 yellow 95 97c. Oats steady No 2 white 42 43c. No 3 white 41 42c. Hay steady No 1 Ney 15.50 716. No 2 timothy 15 15.50. No 1 clover mix 14.50 15. The report also lists inspections and car totals for various grain types.
MENTIONED IN THIS ARTICLE
Ad Coast Line
Balt & Ohio
Chesa & Ohio
del & Hudso
Lacka
Erie
Guit
Mob & Oil Ee Ill Centra
Lehigh Valley
Me&t
Pace
NY Central
NY Nh&h. A
Nor Pacific
Nortone & West
Seeuce
Pesnupiania Ee
Ppa
Southern Ry
Southern Pac
Paw Eeds Eee
St Paul
Sgi
Bl& SF
Union Pacific
West
Ryland Ee
West Pac B
Ajax
Ata
Ys Goodrich
Am Car & Fay
Am Steel
Westingh Air Ee
Westingh Elec
Bethlem
Clorado Fuel
Crucible
Gulf States
Inland Steel
Otis Rep Iron
Ulum
US Steel
Youngston
Borg Warner
Gabriel Snublers
General Motors
Hudson Covacs
Hayes
Reo
Gartner
Motor Wheel
Parchard
Peerless
Pierce Arrow
Studebaker Co
It Stew Warner
Timken Bear
Willys-Overlan
Am Smelt & Afgae
Am Metals
Anaconda Ci
Calumet
Ariz
Calumet & Hecla
Cerro de Pasco
Il Granby Co
Howe Loun
Int
Kennecott Ci
Magma Co
O & Smelt
aseRe
Atlantic Big
Barnsdall (A
Simis
Texas Co Tidewater
Texas C
White Eagle
Adv Ramely
Lis Chalmers
Led Chemical
Chicago
Amer Canty
Am Rolling Mill
Thomson & McKinnon
Alleghancy Corp
Acme Bteel
Amer_ Ice eee Adams
Ainsworth Ie
Allied Motors Covece
Com Power A
Art Metals
Crosley
Bastian Blessin
Iss
Davidson Chem
Binks
Bor Waraat
Dupont Getsese
Butler Bros Ee Ceveeseees
Campbell & W
Cen Pub Service A
SIM Int Harvester
Chicago Corp
Kelvinator Cecce
L City Radio Stores
Lam Rt
Commonwealth Edisa
Commonwealth Util Construct
Loews
Crane Gs
May Star
Elee Househol Woseece
Kolster
Empire Public Service
Keith
Great Lakes Air 21
Radio Corp
Crigsby
Sears Roebuck
Hart Carter
S Union Carbide
Uy Tron
Houdaille Hershy
Warner Ros
Tamazoo Stove
Lane Drug Ober
Indus Alco
Mid-West Utility
Woolwor 'Co Aid
Wright Aero
Monsant Chem
Funclear A
Pacific Public Se
Am Tel & Tel
Perfect Circle Winter Front
Ea Am Pr
Elance
Wat Am
Tess
Dyer & Sons
Brklyn Sete
Sally
Consol
Angamo Electric
Elec
Nor Am Co
Pacific Light
United
Ind
Hind
West Union United G & Tel
Wiebelt
United Fruit
California
Indianapolis Board of Ade
New York
Ney
Timothy
Bible Conclave at Negro Church Announces Large Attendance
The twentieth annual Bible conference and ministerial convention will unfold Aug 16 to Sept 2 at Christ Temple Fall Creek boulevard Paris avenue with about 1000 visitors expected. Notable speakers from across the country will lead daily Bible studies and evangelistic services at the church, founded in 1908, now boasting 1200 members.
MENTIONED IN THIS ARTICLE
Christ Temple
Fall Creek Boulevard
Paris Avenue
West Michigan Street
G. T. Haywood
North Side
F. I. Douglas
Los Angeles
Dunan Chenault
San Antonio
Herbert Davis
Leavenworth
P. J. Bridgers
Brooklyn
J. M. Turpin
Baltimore
Hancock
Detroit
G. 5. Rowe
Mishawaka
Robert B. Anderson
North West Street
Bethel A. M. E. Church
R. L. Pope
Charles 5. Williams
My. Anderson
Paris
Susie “Anderson
Lucy Calloway
Allensville
John Mineapolis
Daniel
Walter Chenault
St. Paul Temple
Manlove Avenue
East Twenty-fifth Street
Phillips Memorial C. M. E. Church
J. C. Norris
Clementine Maxey
St. John A. M. E
Charles Sumner Williams
W. D. Shannon
R. Davis
James Mitchell
Jesus
Second Baptist Church
B. J. Westbrooks
Charles H. Bell
Mt. Baron
Tennessee
Kentucky
J. R. Holder
State Convention of Baptist Churches
Fort Wayne
B. Westbrook
Ethel Shivers
Addie Clark
Leslie Davis
J. H Gayhart
W D. Shannon
Allen Chapel
African Methodist Episcopal Church
H. ©. Hoskins
Films at Walker Theater Highlight Two Year Favorites
The Walker theater shows two popular films the week starting Sunday The Hole in the Wall a mysterious drama promising thrills and surprises and Redskin a Technicolor talkie starring Richard Dix about a Navajo chief s son returning home The Redskin run is Thursday through Saturday at 417 Bright Street plus local notes on area residents and church figures
MENTIONED IN THIS ARTICLE
Walker Theater
Richard Dix
Great Southwest
Treen Bridges to Be Erected and Repaired in Indiana
Advertisements prepared by the state highway department announce construction of three new bridges and repairs on the Wabash at Vincennes and on State Road 41 in Newton county. The Vincennes bridge will gain two 72 foot spans plus weight restrictions. eight thousand cubic feet of dirt must be removed before work begins.
MENTIONED IN THIS ARTICLE
State Hirshnay Department
Wabash
Vincennes
John J. Brown
New York Central
Newton County
William T. Titus
Delaware County
Jay County
Fruits and Vegetables Price List From Local Market
A scanned price list lists apples, apricots, cherries, citrus and more with per crate or per dozen rates. It includes California oranges and Valencia, Michigan raspberries, home grown greens, onions, cabbage, lettuce, potatoes and tomatoes with varied crate, dozen, or bag prices.
MENTIONED IN THIS ARTICLE
California
Jamaica
Valencia
Michigan
Washington
Cotton Markets Report Weighs Weather and News
The Cotton Markets reports light morning buying with a slow recovery after Thursday's decline. A new Amarillo rain raises fears of western Texas and Oklahoma precipitation and potential price drops. Traders note English labor troubles poor margins and the possibility of delivering cotton to New York contracts.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Amarillo
Tex
Texas
Oklahoma
South
Also Mentioned on This Page
Stock Mart
Maskelyne
Stea
Preas Wayne
Banks and Exchange
Liverpool
American Northwest
Commission House
Kansas
Nebraska
Mar
Ateady
Missouri
Minnesota
United Press Clevela
Seceeversses
Austin Company, Engineers and Builders
Karsten Statistical Laboratory of
New Haven
Karl G. Karsten
Cuba Cane Sugar Corporation
George W. Davison
Central Hanover Bank and Trust Company
Irenee du Pont
E. I. du Pont de Nemours & Co
Charles Hayden
Hayden, Stone & Co
George E. Roosevelt
Rosevelt & Son
Frederick Strauss
The
Petroleum Corporation of America
Proving Ground
Studebaker Corporation
Skinner Company, Ltd
Gananoque, Ont
Houdaile-Hershey Corporation
Teday
Claire L. Barnes
Dudaille-Hershey
Skinner Company
T. J. Kaufman
Thes
McLellan Stores Company
Allied Power
Am Super Power (A
Am Gassee
Assoc Gas
Aviation Corp Dei
Rees Corp
Arkeeoue O
Eneeee
Curtiss Fly
Curtiss Wright
Compmnwea’ Forest
Durant Way
Elec Bond
Elec Inves
Fan Steel
Ford
Eeree Ford
Fox Theater
Fokker Voce
Goldman SachsseteeGneral Electric
Gulf Teeres
Grigsby
Hudson Bay
Insull
Mount Nassa
Nat Aviation
Newmont
New York Liberty
American Central Insue
Belt RR Ds
Belt RR & Yds Co
Belt RR & Co P
Bobb's Merrill
Circle Theater Central_ Ind Co
Iites
Citizens Gas Ve
Oor Citizens Gas Co
Commonwealth P Co
Equitable Sec Co
Hook Drug Co
Horuff Shoe Corp
Indpls
Indpls & Noerthwiner Co
St R_R
Merchants Pub
Util Co
Northern
India
BSC
Uh & Sons
Smeets
Power Co
One Citizens Gas
Ft. Werner
Ind Orthern Trac Co
Ind Allway
Indiana Union Trac
Lis Gas Co
Setee
Trac
Ac & Ryrminai
Water Co Assetns
Water Orks
Water Service
Wee Interstate
Eure Aee
Bess
Snion
Liberty Loan
Iiberg Ten
Negro Church
A. C
Anna Washington
John Turk
Rey Rogers
Shannon
Men of
Allen
Jutve Wire
Metropolitan
Harmony Wonders
Scott's
M. E
Greater St. John
Jubilee
Harmony Quartets
New Bethel Baptist Church
Ernest G. Tidrington
Evansville
Knights of Pythies
G. 8. Lowery
William Morten
Joseph Cavanaugh
William Snorden
Andrew Bartee
Thomas Ashley
Alwin Heinz
Reighuis
Port Harrison
R. K. Smith
Marimon Hansbury
William P. Walker
H T. Riley
Templars
Mosaic Templars of America
J. J. Osman
North Capitol Avenue
P. A. Young
Ellis Holman
Lewis Barrett
A .C. Logan
Little Rock
Ark
Will Speek
Hazel
Alexander
Miss Jones Givens
Arthur Hayes
Margaret Johnson
Bright Street
Cora Martin
M. W. Clair
Covington
M. W. Clair Jr
New Castle
BE. A. White
Simpson Methodist Episcopal Church
White
Fulton Street Methodist Episcopal Church
Chiccaro
New Castile
State
Virginia
Alabama
Florida
Seeach
New Orleans
New
James T. Hamill & Company
Chicago Stock Exchange
Chicago Board of Trade
Indianapolis Board of Trade
New York Curb
Lamson Bros. & CO
Otis & CO
Continental Bank
Riley
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!