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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Aug 31, 1929
Page
7
New York August 30. Wall Street surged as traders returned from a three day holiday with broad gains. Major stocks led by American Waterworks, American, Foreign Power, Standard Gas and Electric, and ITT setting new highs. Rail shares, steel equities, and utilities posted strong advances amid heavy trading.
A list of building permits shows multiple projects including dwellings at addresses such as 535 East Fifty seventh and 5705 East William Le L Rice, a tavern remodel at Meridian washing Polts, and seals on properties like 1422 Groff Lockhart. Includes entries for owners Henry Iman, Robert Gotten, Marion Arsdell and others with various work like additions and sealing.
In New York, stock market gains appeared broad based and substantial despite a cautious loan statement. Observers cite solid business conditions, abundant funds, and investor faith in future prosperity, urging selection of high quality securities and avoidance of questionable issues.
Indianapolis and Chicago bank statements show debits and clearings while New York and Washington report treasury balances and customs receipts. Chicago and Toledo cash grain closes list wheat corn oats rye barley and related prices with primary receipts and shipments figures.
In New York on August 30, cotton futures climbed as drought in Texas support prices. December rose to 19 41 cents amid profit taking and cautious buying after bullish memphis crop reports. Market limited by Seen holiday. further gains depend on Texas rainfall.
A long list of birth announcements from St. Vincent's Hospital names Benjamin and Max Bernath, aaise and Jane Simmons, Roy and Anna Ott, Charles and Inez Kidwell, Freda Sachs, Mary Larson, and others. The text also includes several older individuals and addresses such as 2031 Roosevelt and 1213 East Thirteenth, plus notes on cardiovascular and renal disease and acute cardiac dilatation for Hattie Porter and Christine Faust.
Late trading on the Chicago Board of Trade saw profit taking trim top wheat prices though closes stayed above Thursday. Corn and oats rose as drought in Argentina, supportive Bank of Montreal crop notes, and North American weather kept buyers active. Receipts and cash prices for wheat, corn, and oats were reported with multiple car counts.
Bids for grain at the Indianapolis Board of Trade show firm prices for wheat corn and hay with varying grades and shipping terms. Inspections report multiple cars for wheat corn and hay across several grades and futures-like figures.
Chicago and Cleveland market summaries show butter prices steady to firm with extras up to 48c and firsts around 37c to 42c. Poultry demand light, fowls and springers priced around 24c to 30c, leghorns 22c, ducks 21c, turkeys up to 30c, with various old and young stock listed. Cheese prices mixed with Twins at 22 29 2c and Young Americas near 24 2c. Potatoes quoted per sack with regional varies.
A dense price list from Indianapolis shows fruit and vegetable items with regional origins and per unit costs. Entries include apples from California and Malaysia, citrus, peaches, grapes, and nectarines alongside home grown options like asparagus beans cabbage and cucumbers with varied crates and per dozen or per bushel pricing.
Readable fragment notes wheat prices at Clay elevators with figures of 1.00 and 1.15 per bushel and mentions freight in or out. No clear date or further details available.
Hog prices eased at Union stockyards by 20 to 30 cents as receipts reached 10,000 with 1,160 holdovers. Heavy supply kept cattle steady with light demand. beef steers 11.50 to 16. weaners up. sheep and lambs steady with top lambs 14. Fat hogs 4.50 to 6.50. Chicago receipts 19,000 with some direct sales. bids 10 to 20 cents lower. 170 to 215 pound hogs 11.50 to 11.60, 280 pounders 10.25. Indianapolis prices show varied hog and cattle ranges across weight classes. vealers up, heavy calves 7 to 12.50, stocker steers 8.50 to 11.50, sheep 12 to 13.75.
Chicago reports light hog trade with 15 to 25 cent declines and top hogs at 11.65. cattle receipts 2,000 with steady to stronger demand for yearlings and heavy steers, top bids around 16.90 for steers. Louisville and Cleveland show similar softer hog markets and steady to mixed cattle quotes, with vealers strong in Cleveland and fat lambs steady in Buffalo.
The Gleaner Combine Harvester Corporation of Independence Missouri declares a regular dividend of 1 per share payable to shareholders of record on October 1. The board of Chicago Stock Exchange approved listing for Federal Screw Works of Detroit with 143000 shares outstanding and 15500 more shares to trade on completion of a merger. National Department Stores reports six months ended July 31 1929 net profit of 840595, up 109238 from prior year. Super Maid July sales reach 329046 versus 290227 prior year, up about 13 12 percent. Labor in the US remains the highest paid globally per L C Harbison Household Finance. Dividends from Industrial Financial Corporation to rise via earnings from an extra 1.5 million second preferred Industrials Acceptance stock. International Germanic Trust Company expands capital to 12 million and seven NY branches. Commercial Investment Trust inks exclusive contract with Landers Frary Clark for financing sales of Universial Electric Washers. Standard Dredging signs contracts for over 6200000 cubic yards of work. R A Perry reports Strong capacity use with yearlong work expectancy. National Rubber Machinery Company formed in 1928 by five tire machinery manufacturers. The Perfect Circle Company six months ended June 30 1929 earns 495704 or 3.05 per share on 162500 shares, up from 330887 or 2.02 per share a year earlier with 25 percent higher sales. A prominent mail order house catalogs a fall table silver pattern from Ontario Manufacturing Company, anticipated to outsell all prior specials by spring.
A broad listing of topics across cookery household management gardening crafts science travel and education from menus and desserts to laws, astronomy and radio. It presents many themed sections and reference ideas for practical living and leisure pursuits.
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