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Newspaper

Indianapolis Times

Location

Indianapolis, Indiana, United States of America

Date

Aug 14, 1928

Page

4

General Motors Sags Amid Early Wall Street Pressure

General Motors faced heavy pressure in early Stock Exchange trading with a drop to 17914 and a 2% decline from the close. Chrysler showed strength but also eased amid profit taking. U S Steel and Allied issues fluctuated as the market remained irregular after an initial downturn.

Din United Press New York General Motors Stock Exchange Chrysler United States Steel General Electric Montgomery Ward International Nickel Warner Brothers Pictures Schulte Electric Auto Lite Wall Street Journal Financial Review Today Steel Sears Roebuck U. S. Steel Western Maryland Hupp Motors Paramount Eaton Axle Packard

New York Stocks Aug 14 Highlights

New York stocks report by Thomson and McKinnon dated August 14 notes market activity across major issues. Analysts cite morning gains with tech and industrials leading while mixed sectors temper the index.

Thomson & McKinnon

Wheat Futures Rise on Strong Liverpool Cables

Wheat futures gained on the Chicago Board of Trade as Liverpool cables prompt buying. Corn advanced modestly while oats fluctuated, with September corn near 84.5 cents and oats dipping to new lows before a rally. Provisions edged higher amid hedging pressure and short covering. Weather remained hot in the region.

United Preas Chicago Board of Trade Liverpool Winnipeg Shorts Canada

Chicago Grain Table From Times Special

Grain table lists Wheat 683, corn 85, oats 521, rye with figures shown by Chicago Times Special. Economic data point reflects market values and commodity pricing.

Negro Templar Conclave Set In Indianapolis

Annual gathering of Knight Templars Royal Arch and Master Masons to meet August 20 to 25 at the colored Masonic Hall Indiana Ave. Highlights include joint initiation Trinity Hall reception and a theater party. Delegates from local lodges with many officials named and plans for a large parade and entertainment schedule.

Masonic Hall Knight Templars Royal Arch Colored Masonic Hall Indiana Ave John W. Burden Marion Masons Fred D. Blake Knights Templar Royal Arch Masons Jones’ Tabernacle Michigan Blackford Sts Trinity Hall Twenty- First St Boulevard Pl F. B. Ransom Trinity R. D. Penn Della Davis Walker Theater Master Masons Committee Samuel Gray F. W. Littlejohn Hiram C. Hoskins Norman Johnson J. C. Dawson William F. Thompson G. H. Gayhart Ft. Benjamin Harrison Indianapolis

Indianapolis Bank Clearings and Debits Report Today

Local bank clearings totaled 4 434 000 with 8 132 000 in debits. New York clearings reached 1 042 000 000 and the clearing house balance stood at 111 000 000. Treasury net balance for Aug 11 was 304 319 seut and receipts this month totaled 19 675 858 55. Foreign exchange rates opened with sterling at 3.9038 and lira at 5.227, Belga 13.895, and marks 23.7942.

Indianapolis New York United Press Clearing House Federal Reserve Bank Treasury Washington Seut Touth Belga

Marathon Dancers Narrow Field With 17 Still On Floor

Seventeen marathon dancers remained at Day's Casino Emerson and Southeastern Aves at noon. Dennis Ehrie 17 Mellott Ind has danced solo since 5 15 p m Monday after Irene Mascom Terre Haute quit. Favorites include Thomas Potter Indianapolis and Lorene Newton Brazil who came from Brazil to Indianapolis. Willard Pearson and Kathryn Evans La Fayette Indiana entered after forty eight hours rest following 195 hours of dancing.

Emerson Southeastern Aves Dennis Ehrie Mellott Ind Irene Mascom Terre Haute Thomas Potter Indianapolis Lorene Newton Brazil Willard Pearson Kathryn Evans la Fayette, Ind la Fayette

Negros Injured In Head On Crash At Minnesota And Linder

Richard Fowler a 39 year old Negro driver of 1105 Hunter St was seriously injured when his light truck collided head on with a west bound Minnesota Street car near Minnesota and Linder early today. Fowler was taken to City Hospital. He said wheel in tracks prevented escape. No arrests. Sugar futures opened steady in New York August 14 with Sept 2.26 Dec 2.40 Jan 2.40 March 2.43 May 2.84 July 2.57. Cotton futures opened higher with Oct 18.45 Dec 18. 's 13.33 Jan 18.41 Mar 18.41 May 18.41 July 13.40.

Atchison Chesa & Ohio Chi & Alton Chi & N We Erie Gery Kan Cit Norfolk & West Tee Berer Eds Reading Southern Ry St Paul Southern Pac St Paul Stl& EF Texas & Pac Union Pacific West Mexic Wabash Wabash Pfd Eee Wee Kelly-Sprad United States Am Car & Fdy Lima Y Air Brak Co Westingh Air B Westingh Els Bethlehem Contl Motor Lke Dodge Bros Graham Paige General Motors Hudson Jordan Hupp Packard Calumet Hn Oi Chile Co Cerro de Zanecn Treene An Co Inspiration Nie Texas Ae Miami U Gp Ninelt Atlantic Barnsdale Teres Freeport-Texas Él ‘Houston Oil Marland Oil Lagooo & Tr an-Am Pet B Phill. Pet Aps Union of Cal Royal Date Simms Pet Sinclair Oil Texas Cor Rumely Ac Allis Cham Armour A Amer Can Ceca Cola Davison Enna Dupont Lambert Os Loews Pitts Coal Radio Gor Rem Rand Sears Roebuck Union Caarbide Ictor Aeeee Aaty Pipe Leathe U S Indus Alco Warner Bros Am Express Brklyn-Manh Std Gas & el Utilities Power West Union Tel Shi Atl Gas & Wi United California Fleischmann Jones Bros Ea O Postum Ward Baking Sumatra United Cigar St Schulte Richard Fowler Hunter St Minnesota Minnesota and Linder Sts Fowler City Hospital United Press NEW York Operet Higher

Local Wagon Wheat Prices Hit One Twenty Three

Grain market wrap notes No 2 red wheat trading at $1.23 per bushel amid activity in Yer Ho region. Other grains show varied results as traders assess supply and demand.

Money market questions on withdrawal of call funds

In New York the Stock Market column discusses how surplus business funds in the call money supply may be drawn down as seasonal needs arise. It weighs potential abrupt withdrawals and potential effects on credit conditions, noting 7.5 percent rates at month start and advising caution on recent stock purchases.

Thomson & McKinnon New York

Grain Market Bids Mixed Across Corn Wheat and Hay Prices

Local market report shows varied bids for corn wheat and hay. Prices listed for No 2 red corn No 2 white and No 3 yellow in premium markets and multiple car counts reported for different grain types and samples.

Fruit and Vegetable Wholesale Prices From Regional Markets

A listing of wholesale prices for fruits and vegetables from multiple regions. Apples in various forms and crates from California Indiana Georgia and Jamaica, citrus from California and Jamaica, berries from Georgia and Indiana, and other produce including grapes peaches pears plums melons and vegetables with prices per crate basket bushel or dozen. Includes items like tomatoes not listed and general market rates for items such as cabbage beets celery and potatoes.

Indiana California Georgia Jamaica Florida Kentucky Louisiana Michigan Tennessee New York Virginia

Governor Grants Parole in Manslaughter Case

Governor Ed Jackson today paroled Jess Duchaney who was sentenced in Vigo Circuit Court on March 10, 1923, to two to twenty-one years in Indiana State Prison for manslaughter. Parole recommended by State prison trustees. In a separate action, Kosciusko Circuit Court fined Charles Wiseman $300 for liquor law violation and remanded by the Governor. Wiseman also served 150 days at Indiana State Farm and must pay $42.95 costs.

Ed Jackson Jess Duchaney Vigo Indiana State Prison Charles Wiseman Kosciusko Wiseman Indiana State Farm

Woman Arrested After Raided Cellar For Liquor

Nora Stebaugh 38 of 1214 West New York Street was arrested after police raided her home finding twelve quarts of home brew on ice and a large basement stash including 172 quarts of beer a twenty gallon empty keg two six gallon jars and thirty six empty bottles.

Nora Stebaugh New York St Harry Kernodle

Butter and Cheese Prices Across Markets and Regions

Wholesale butter numbers show No. 1 46 47c and No. 2 45 46c per pound with butterfat at 46 47c. Cheese varied by type including American loaf 36c and Wisconsin fat 29c. Eggs and poultry prices listed for Indianapolis and Chicago with varying weights and breeds. Potatoes cited as U S No 1 Virginia and Nebraska values, while regional notes cover flour, pork, lard, sugar, coffee, and tallow with multiple price points.

Wisconsin New York Indianapolis United Press Cleveland U. S Virginias Chicago Americas Kansas Missouri Nebraska RRS Rio No Santos No Long Island Young

City in Brief: Local events and incidents listed

The notice lists a series of Wednesday events including a Red Cross life saving class, Republican State committee meeting, Gladioli Show at Bankers Trust, county employee picnics, Democratic picnic, Kiwanis and Lions Club activities, and various luncheons. It reports Alfred Laduke, 26, arrested as a Coast Guard deserter and notes upcoming Kiwanis New Members Day at the Claypool. A $1,000 damages suit over a Rosner Furniture fire is filed. James M. Ogden to address Old Settlers meeting. A porch theft and a job change for Byron Williams are also noted.

Sena Red Cross Life Saving Coast A. m Republican State Committee Severin Bankers Trust Company Merion County Pina Broad Ripple Park Democratic Walnut Gardens Kiwanis Club Lucheon Claypool Sa Alumni Association E Kiwanis Club Cla Lions Club Tancoln Junior Chamber of Commerce Chamber of Commerce Board of Bible Y. M. ‘Alpha Lincoln Rosner Furniture and Storage Company N. Senate Ave Superior Court Gilbert C. Brunnhoeffer Zenocolea

Miss Mary Wilson Dies Longtime Van Camp Employee

Miss Mary Pendergast Wilson 58 died Monday of heart disease at the Catholic Community Center 1004 N Pennsylvania St where she resided. She was the oldest woman employee of Van Camp Hardware and Iron Co with over 25 years of service and once secretary to Cortland Van Camp. Funeral services are set for Thursday 9 a m at SS Peter and Paul Cathedral with burial in Holy Cross cemetery.

Mary Pendergast Wilson Catholic Community Center Pennsylvania St van Camp Hardware and Iron Company Cortland van Camp SS. Peter and Paul's Cathedral Holy Cross Cemetery

City council halts light rate probe in Winchester

The public service commission, acting on Winchester city council request, dropped further investigation into the Citizens Light and Heat Company rate schedule and allowed the firm to implement new charges. A Thursday hearing was set by commission chairman Frank T. Singleton after the council declared itself unsatisfied.

Public Service Commission Winchester City Council Citizens Light and Heat Company Winchester Frank T. Singleton Commission

Hog market soars with top at 12 50 at local yards

Receipts about 6000 hogs boost prices 15 cents per cwt. Top hogs commanded 12.50, bulk lots 11.90 12.40, 160 260 lb hogs average 11 90. Other livestock show modest gains with beef steers 13.50 16.50, cows 9 71 1 50, vealers 16.50 17.50, lambs 12.75 13.50.

Chicago Sheen Arket United Press Buffalo Cincinnati Iean Pittsburgh Naavelves

Chicago Livestock Market Report Hogs Cattle and Sheep

Chicago and other markets report a large hog intake with steady to higher prices for 180-210 lb butchers and 160-200 lb packers, cattle receipts around 7,000 with steady to mixed values for steers and cows, vealers strong to higher, and sheep showing a 14.50 to 15.25 range for lambs. Additional notes from Cleveland East Buffalo and other centers show varied hogs, cattle, and sheep receipts and prices across regions and weight classes.

United Press Chicago Moony Aimee Ane United Preas NE Ind

Prosecutor to Question Clarence Smith at Hospital

Washington County prosecutor Thomas P. McMaster will question 16 year old Clarence Smith at a hospital in New Albany about the Friday shooting by federal agents that cost Smith his left arm. He will also interview agent Charles R. Liebert and may present the case to the Washington County grand jury in September.

Timea Special New Albany Ind Dru Clarence Smith Thomas P. McMasterson Washington County Charles R. Liebert Young Smith Washington County Grand Jury Frances Lowman Hardinsburg George Winkler Prohibition Indiana Winkler Liebert Smith Washburn

GM Executives Sell GM Stock Amid Realignment Rumors

John J. Raskob and Pierre S. Du Pont, after resignations and campaign alignments, are selling General Motors stock and reportedly buying Chrysler stock. George B. Hassett of the Detroit News says the political situation signals a drastic realignment of financial interests in the auto industry.

United Preas Detroit John J. Raskob Pierre S. du Pont General Motors

Local Deaths Reported From City and Hospital

Lillie M Hauck 46 of 1223 Olney dies from broncho pneumonia. Elba Young 57 at city hospital from aortic insufficiency. Wesley Alexander 50 of 829 Indiana dies of acute cardiac dilatation. Eva Broshiers 32 of 1658 Cornell from acute interstitial nephritis. Adeline Clune 65 of 1548 N Arsenal from acute. Richard Buchanan 2 at city hospital from accidental death.

Lillie M. Hauck Olney Elba Young City Hospital Wesley Alexander Indiana Eva Broshiers Cornell Adeline Clune N. Arsenal Richard Buchanan

Births Noted Across Local Addresses and Institutions

A list of birth notices includes Perini and Marjorie Mitchell at 1338 N ath and Vivian Hague, and Denna Jung and Eleanor Caddy at Methodist. other names tied to Methodist Hos evel and St. Vincent's Hospital. Addresses cover 613 Massachusetts, 1951 Broadway, 858 N La Salle, 328 Eastern, 601 Parker, 1212 Naomi, 144 N Sheffried, and 1229 Tuxedo among others.

Perini Marjorie Mitchell Nath Vivian Hague May Denna Jung Hosevel Eleanor Caddy Eee Eleanor West Hos Mike Veron Rejko Massachusetts Raymond Elizabeth Klein Broadway Arthur Vera Green N. la Salle Paul Gertrude Smith Saree Margaret Carson Arker Herschel Ruby Hittle Naomi George Lillian Landis St. Vincent's Hospital Richard and Augusta Brookes N.sheffried Sophie Fechtman Odace and Verdilla Baden Wealee Blanche Alyea Hos- Albert Vera Kish Limestone Harvey Ruby Sperron Tuxedo Earl Mildred Williams James Gertrude Reilly St. Vincent’s Hospital

Floods spread ruin across India after glacier dam bursts

United Press reports floods from a glacier dam burst threaten large parts of India along the Indus. Cities such as Attack Chhachh and Larahk face destruction as thousands flee, hospitals and markets evacuate under military supervision. widespread panic and curfews unfold with vast stretches forecast to be destroyed within days.

G. M. Dyce KEELE United Press Karachi India Indus River Chhachh Larahk Nowshera Kashmir Indus Valley Indus Lehin Shayock Nubia Shaddu Kabul

Convict Girl Thief Sentenced In Indiana

Mrs Mildred Bartley an 18 year old resident of 3324 Brookwood Ave was sentenced by Municipal Judge Clifton Cameron to sixty days in the Indiana State Woman's Prison and fined 1 plus costs for stealing 65 dollars in clothing from Edna Sharp at 2123 College Ave Police said Bartley rented a room and while the household slept would steal clothing hide it away and return to sleep as the alarm spread.

Mildred Bartley Clifton R. Cameron Indiana State Woman's Prison Bartley Brookwood Ave Edna Sharp College Ave

Charge that Chang was killed by Japanese gunmen shocks Shanghai

Putnam Weale British China expert asserts General Chang Eseo Lin was assassinated by Japanese gunmen hired by Japanese militarists. He says he investigated Mukden Manchuria events after Chang Tso Lin was wounded during the Civil War and urges the Japanese government to court marshal those responsible.

United Press Shanghai Putnam Weale Chang-Eso-Lin North China Weale Chang Tso-Lin Mukden Manchuria Chang

Muncie Doctor Dies in Minnesota Car Crash

The body of Dr. J. F. Kirschman, a Muncie physician, is being brought home for burial after a Sunday auto collision near Wabasha Minnesota. His wife sustained a broken shoulder and their two young daughters were injured.

Muncie Ind J. F. Kirschman Wabasha Minn

Hoover Candidate Gets Presidential Praise

President Coolidge wired Praise to Herbert Hoover in Palo Alto praising Hoover's acceptance speech. He lauded the speech as high in political discussion and congratulated Hoover on the reception it received nationwide.

United Press Superior Wis Coolidge Herbert Hoover Palo Alto

Men Taken From Train After Box Car Capture

James Stevens aged 28 and Conrad Lambert aged 19 were found asleep in a box car on the Nickel Plate near Thirty-Eighth Street and taken into custody by Detective Sergeant George W. Kinney. A loaded .38 caliber revolver, box hammer, ice pick and flashlight were recovered beside them. Both men listed 1614 Naomi Street as their residence.

James Stevens Conrad Lambert Naomi St George W. Kinney Kinney Thirty-Eighth St

Pope Welcomes 120 American Olympians in Rome

The Pope received 120 American athletes from the Amsterdam Olympic Games in Rome today, including members of Notre Dame University organized teams. Several Olympic champions were among the group. A card of thanks expresses gratitude to friends and relatives for kindness during the loss of Hilda, with thanks to Funeral Directors and flower bearers.

United Press Rome Amsterdam Notre Dame University Indiana Hilda Father Sonderman Grinsteiner

Also Mentioned on This Page

General Motor Stage Chicago Grain Table Negro Templar Order Marcus Stewart The Indianapolis Recorder J. F. Johnson Austin H. Sheets Department of Amusements Sheets E. J. Baker State & House Shriners Columbus Daughters of Isis Ohio Sinai Temple No Mary E. Cable Theodore Cable Labor Day Clarence Baxter S. A. Auter Idlewild Mich A. Furniss N. West St R. L. Bailey South Attorney Bailey Alabama Harry D. Evans Madam Walker Company Banks and Exchange Eal Sears Ec Hoke Yellock Low Sample Jackson Duchaney State Alfred Laduke Maryland St Roche Fossati Coast Guard Raymond F. Buckley John J. Balger Eldon Dynes Emory R. Baxter Col. A. J. Dougherty Jack Harding Dr. H. R. McKinstray Arden G. Ober E. A. Tabscott Jacob H Wolf James M. Ogden Old Settlers Marion County Dora Middleton Ohio St Byron Williams State Department of Public Instruction Williams University of Ilinois QLD Mary Wilson van Camp Hardware Company Winchester Council Porkers Iup NEA Raskob du Pont Ndia Tokio Hoover Pope Notre Dame W. T. Blaseng Finneros Puneral M. Meridian George Grinsteiner Sore ‘E. Market
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