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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 03, 1927
Page
5
Foreign exchange closed higher with dollar and franc movements amid bank statements in Indianapolis. Bank debits and clearings figures are cited alongside currency rates and figures from Oaksta and related exchanges with mentions of francs marks and other currencies.
In Chicago trading, oversold wheat sparked a sharp late rally of 1 cent as traders cited technical pit conditions. Corn and oats followed with modest gains while Buenos Aires and Liverpool signals offered little support. Receipts totalled 11 cars for cash wheat and 110 for cash corn, with locals selling on rallies.
Activity on the New York Stock Exchange reached 3,006,100 shares as a broad advance lifted many issues. Leaders such as United States Industrial and Canadian Pacific posted sharp gains while late profit taking trimmed earlier advances.
Hog market shows a 10 cent dip at local yards after a 20 cent slide Thursday. Tops reach $9.10 per hundredweight, with 180 lb plus hogs around $8.90. Receipts near 8,000, 1,219 holdovers. cattle tone steady with beef steers at $12.15 and cows $7 to $8.50. Sheep and lambs steady to strong with fat lambs up to $13.75.
Louis Shelton of 222 E Ohio St wins $5 for the best last line in Limerick No 1. Catherine Tate earns $3 for second place and Virginia Casmire $2 for third with lines and a drawing. The contest offers a $208 grand prize via the Stewart-Warner radio donated by National Furniture Co. and invites further entries per the listed rules.
New York reports total distribution around $500 million for December 1 payments, a record high. Corporate dividends reach $160 million and interest $260 million, with $75 million interest on U S treasury bonds. Banks face heavy withdrawals as loan renewals push rates to 4.4 percent from 3 percent.
The notice lists wholesale and retail prices for stock, cheese, butter, poultry, potatoes, and sugar. It covers regions and products including Wisconsin limberger, New York eggs, Idaho russets, and various poultry categories with per unit or per 100 weight figures.
The Cotton Market reports a steady session with trade buying on almost every decline. Into sight movement lags last year while spinner demand remains strong, supporting holders who prefer not to press the remnant of the crop. The market appears to favor purchases on declines.
A historical listing shows bids and car numbers for grain lots including No 2 fed No 2 fae and No 4 white and yellow varieties. Totals indicate 10 cars across multiple lots with different wheat and clover grades and sample yellow cars.
A list of produce items with prices and origins appears, detailing Jonathan apples, Grimes Golden, Baldwin varieties, bananas, berries, coconuts, peaches, and citrus. Prices range from $1.85 to $9 per unit or crate, with origins including California Florida Jamaica Indiana Alabama and Washington.
A garbled wholesale price list for vegetables and related items with multiple misspellings. Items include asparagus, beans, cabbage, cucumbers, celery, cornish potatoes, garlic, onions, tomatoes, and oysters with varied unit prices and quantities. Source text shows regional mentions and mixed formatting.
Sugar markets show strong activity with European coverage and covert trading by houses. Near positions imply a resection of the stronger market, while recent sales await confirmation and futures remain uncertain until clearer trade definitions emerge.
Federal Prohibition officers found thirty six bottles of alleged Scotch whisky in two suitcases inside an expensive coupe at Meridian and Georgia Streets late Thursday. A card bearing the name Harry Wilson was found in the machine. Wilson, listed as living in Denison, was held pending investigation.
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