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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Aug 29, 1930
Page
9
Rumors of a local statistician's figure for the corn crop spurred buying on the Board of Trade today. December led gains, with wheat and oats climbing early but trimming late. trading quieted as the market awaited the holiday, while cash prices edged up and receipts varied.
The Interstate Commerce Commission faces opposition to its July 1 grain rate ruling. The Omaha Grain Exchange petitions for rehearing claiming tariffs hurt Nebraska and ripple to Mississippi Valley markets and Gulf exports. Protests target new Kansas City to St. Louis and Omaha to St. Louis rates at 9 and 13 cents per 100 pounds, replacing three-decade-old tariffs.
New York stock prices rose modestly with United States Steel setting the pace by advancing to 171 and a 173 after dividend. Westinghouse Electric and railroad shares followed, Southern Railway near 85 and Texas Pacific 132, while rails and utilities showed reluctant gains amid end of month cash sales and dividend adjustments.
Terre Haute Indiana August 29 rural mail routes were announced for Bruceville Bicknell Edwardsport Westphalia Sandborn Marco and Lyons from Vincennes post office. Spencer will get rural service from Bloomington and Paragon from Martinsville.
The report lists wholesale prices for eggs, butter, cheese, and live poultry in Cincinnati Chicago and New York markets. Eggs high and low grades vary from 9c to 30c per dozen with Leghorns and springers priced separately. butter tablet and fat prices range up to 42c. cheese includes American loaf and Longhorns. poultry prices cover fowls broilers and turkeys across weight classes.
Marriage licenses show multiple couples with ages and addresses. Names include Charles Henry and Fannie Owens. John O Matthias and Alice fee. Albert Rosebrook and Irenes Bieder among others.
Hog prices at major markets show mixed movement with Chicago and East markets mostly steady to slightly lower. Receipts include heavy hogs and light weights, while cattle, calves, and sheep vary by weight and grade across regions, with general softness in some classes and strength in select lighter hogs.
A broad Dow Jones summary lists Oliver Farm Equipment delaying a 75 cent preferred dividend while declaring 1.50 on prior preferred due Oct 1. Other firms including Midvale, Standard Oil of Ohio, Zonite, Commercial Credit, F E Myers, American Home Products, Arundel, Lake Superior, United Founders, Canadian Pacific, Niagara Hudson, Engineers Public Service, and Nashville, Chattanooga & St Louis report regular quarterly or monthly dividends, earnings per share, and seven month period results, with record dates and payment dates noted.
Aug 29 1930 Royal Dutch airline pilots strike in Amsterdam after Evertt Van Dyk, who joined Captain Charles Kingsford-Smith on the Southern Cross flight, is said to have been dismissed by the company.
Closing prices and net changes on principal NYSE stocks today show activity with Local Wagon and Wheat City grain elevators noted. Elevators are paying 79 cents for net red wheat and 76 cents for No 1 hard wheat.
Grain close at Toledo shows Wheat No 2 red 91 2 to 92 2 cents, Corn No 2 yellow around 1.07 to 1.08, Oats No 2 white 44 to 45 cents, Rye No 2 around 0 cents, Barley No 2 around 62 cents. Domestic lime and rye futures listed with prices for new and old crop, butter fancy creamery 43 to 44 cents, country run eggs 24 to 27 cents, Timothy hay price about 1.60 per cwt.
City plans winter closures for municipal golf courses except South Grove. Park board officials announce extensive improvements and a closure starting about November 1.
All financial grain and commodity markets will be closed Saturday and Monday for Labor Day observance except Chicago livestock and potato markets and Indianapolis livestock which stay open Saturday. The week’s trade will resume Tuesday.
The notice lists properties including 115 North Bradley basement John Sayers addition 1403 East Nine man and 1325 Shelby garage with asking prices of 200 dollars each.
Fire in Warsaw Indiana destroyed the vacant three story frame residence of Frederick Hepler causing about 4000 dollars in damage. Police say the blaze was incendiary in origin and started in an upper story early today.
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