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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 02, 1929
Page
9
Hog prices rose about five cents from Saturday with 160 to 300 pound hogs at 9.65 to 9.75 dollars. Receipts about 10,000 and holdovers 279. Cattle weak to scarce and sheep lambs steady with lambs at 13 dollars. Chicago hogs 62,000 receipts with 32,000 directs and few sales. 200 to 240 pound hogs 9.25 to 9.35 dollars. Cattle receipts 17,000. sheep 35,000.
United Press reports varied livestock activity with hog receipts around 62 000 nationwide, prices steady to mixed and top hogs at 9.50 for 240-290 pounds. Cattle receipts near 17 000 with numbers mixed, yearlings and slaughter steers rising to 12.25 to 15.50 per cwt, feeders and cows mixed. Regional updates show Kentucky, Ohio, Cincinnati, and Buffalo markets with similar shifts and notable hogs at 9.75 to 9.95, cattle 9 to 13 per cwt, and calves up to 18. Prices vary by weight and class across markets.
Washington Senator Jones announced he would take over as chairman of the Senate Appropriations Committee and resign his party assistant leadership, clearing the way for Senator McNary of Oregon to become assistant floor leader. Lord Bledisloe has been named governor general of New Zealand.
The Pennsylvania Railroad asked the Interstate Commerce Commission for authority to issue and sell 1,447,935 shares of $50 par stock to raise $72,396,750. Funds will meet maturing obligations of $50,000,000 due April 1, 1930 and to purchase additional equipment. The weekly market value of the top stocks on the Chicago Exchange fell 4.17 percent to $2,255,131,685.
Market reports show poultry buying prices and fat poultry rates in Indianapolis with No 1 top quality lines. Butter cheese and produce prices are listed across regional markets with receivers’ receipts and item specifics.
Wheat prices opened with sharp declines on the Board of Trade as Liverpool’s weak session pressured markets. Corn held steady while oats fell with wheat, and December deliveries showed large totals thought to be in strong hands. Provisions firmed amid robust cash demand for corn.
Local grain elevators in Wagon City posted buy figures for grain. Hed wheat is valued at 1.22 per bushel while No 2 hard wheat sells for 1.18 per bushel.
A dense fruit and vegetable price sheet lists New York and California apples by variety and grade with per box or crate prices, Florida and California grapefruit and oranges, California Valencia oranges, and assorted berries. It also details beans, cabbage, celery, cauliflower, cucumbers, lettuce, onions, peas, potatoes, radishes, sweet potatoes, tomatoes, and other items with weights and quirky abbreviations. No explicit event or narrative beyond the catalog pricing is provided.
In New York the Stock Market by Thomson McKinnon notes favorable factors including the presidential message to Congress and a tax reduction plan, with a bullish wheat market due to crop failures abroad. It suggests steadier investment in railroads possible if consolidation plans are addressed by the President.
Mrs. Santa Claus flew from the north pole to Indianapolis on Saturday in a Curtiss Robin monoplane piloted by R. L. Stephens. She was taken to Peoples Outfitting Co. where Santa Claus is staying, with the couple to be known as Mr. and Mrs. Eddie Frodelh when not busy with Christmas duties.
Five couples are listed for marriage licenses including Dr. F. M. Leonard, 28, dentist of 3102 North New Jersey, with Margaret M. Arens, 24, of R. R. 17 Box 211. Robert B. Lewis, 26, Chicago teacher, with Virginia F. Lewis, 22, of High land Place. Edwin A. Cambridge, 20, 2265 Union, auditor, with Marie E. Free, 1325 Ashland, stenographer. Jean F. Gates, 27, ais man ager, with Pauline North Ne New, aster. Semeric.
Detroit December reports show automotive leaders banking on time payment plans to revive sales as stock market losses deepen the downturn. Installment selling could offset cash constraints, with Hoover era talks boosting optimism though plants remain shut for inventory and model updates.
Indianapolis bank clearings show debits of 4 165 000 and credits 10 526 000. New York reports bank clearings at 1 074 000 000 with clearing house balance 185 000 000 and federal reserve credit balance 137 000 000. Treasury net balance on Nov 29 is 125 797 871.75 with month receipts to Nov 29 at 443 736 799.24.
United Press reports up to 10 billion dollars in new U S construction programs expected next year alongside mixed business signals. Steel and autos face cyclical slack while retail trade and credit release spur building, agriculture steadies, and the stock market stabilizes.
Newark New Jersey December 2 69 inmates of the hospital and home for crippled children were rescued after a fire in the X ray room spread deadly fumes. Dr George Osama discovered the fumes and alerted the staff who orderly moved children ages 4 months to 15 years to a neighboring building. Firemen wore gas masks as they fought the blaze. damage was slight but records and X ray equipment were destroyed.
C H Rottger president of Indiana Bell Telephone Co announces rate cuts for long distance calls. Three minute station to station calls within 56 to 318 miles drop 5 to 10 cents, after ten minutes person to person cuts 20 to 30 percent. Distant calls 100 to 2200 miles fall up to 40 cents.
Marion county voters in Lawrence approved incorporation by 174 to 149 on Saturday. Five town trustees will be elected December 14 to appoint a town marshal and other officials. The move aimed to secure improved streets, sewage facilities, and street lighting as the town divides into three wards.
Numerous club luncheons and dinners listed including Rotary Club Claypool Universal Club and American Chemical Society at the Chamber of Commerce. Also reports Rev. Stansfield visiting Meridian Street church and Boys’ meeting speaker EF Rood discusses a praying mother. Civil service vacancies announced by Henry Trimpe. Royal Neighbors drill team to be entertained at 1214 West Nineteenth Street.
Former Governor Alfred E. Smith elected chairman of the board of directors of the County Trust Company and will assume the duties of president, an office vacant since the death of James J. Riordan earlier this month.
New York December 2 A sharp dip in amusement stocks led the morning trading on the stock exchange Fox Film dropped more than six points and Loew's fell five points amid a generally cautious session. General Motors and United States Steel showed notable moves as the market swung with mixed results.
Frank E. Strouse of Chicago Pennsylvania Railroad will discuss The Railroads and the Travelers' Aid at the annual In Travelers' Aid Society gathering in the Columbia Club tonight. Other speakers include David Liggett and Mrs. M Grace Amorosi, both executive secretaries of local aid societies.
W. B. Goins, 39, was severely wounded when shotgun slugs fired by friends at a rabbit struck him and set off shells in his pocket. The incident occurred near Columbus Indiana with Halford Taylor and Bryson Schultz, both Bartholomew county residents, as the shooters. Goins remains in a local hospital recovering from the injuries.
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