Technicalities Trigger Late Day Market Reaction
The Wall Street Journal reports Tuesday’s late trading showed reactionary market tendencies after six days of gains. Industries like steel and General Motors posted fractional gains while rail equities saw stronger demand. Continental Banking fell 2 percent amid dividend concerns.
MENTIONED IN THIS ARTICLE
Steel
General Motors
Allied Chemical
New York Central
Continental Banking
Banks and Exchanges December Clearings Report
Indianapolis clearings Tuesday totaled 3.942 million with debits at 7.576 million. New York reported December 8 clearings at 533 million with balances around 101 million. Foreign exchange was irregular with demand sterling and marks quoted in fractions.
MENTIONED IN THIS ARTICLE
Indianapolis
New York
Foreign Exchange
York
Cotton Market Shows Calm Despite Selling Waves
In New York on December 8 the market steadies amid selling pressure as local traders question moves and seek plausible reasons to resist. Government estimates place tonnage at 18,700,000 this morning, signaling cautious progress.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
lIn
Butter and Poultry Prices in Cleveland Market Report
Cleveland market pricing lists Butter Extra tubs, firsts and heavy firsts at varied per pound rates. Poultry shows heavy fowls and springers, Leghorns, ducks, and stock estimates with per pound ranges. Potatoes priced by sack weight with Maine and Midwest origins noted. Local delivery and regional brands mentioned among items.
MENTIONED IN THIS ARTICLE
Indianapol
Aiec
Cleveland
Maine
Michigan
Minnesota
Wisconsin
Indiana PSC Grants Phone Merger Between Osgood and Batesville
The Indiana Public Service Commission has granted a petition to consider merging the Osgood and Batesville telephone companies. The action advances the proposed consolidation, with details pending further proceedings and potential regulatory conditions.
MENTIONED IN THIS ARTICLE
Osgood
Batesville Telephone Companies
Indiana Public Service Commission
Wheat and Corn Fractions Prompt Mixed Opening
Chicago Board of Trade started mixed with wheat steady on all deliveries and corn opening lower by fractional amounts amid bullish tone and weather delaying new crop movement. Oats unchanged to higher. provisions opened steady as traders weigh ice issues and bearish sentiment.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Chicago Board of Trade
Liverpool
Moynahan firm incorporated and buys property estate
Incorporators Thomas A. Moynahan Frank C. Bopp and Lewis P. Robinson form Moynahan Properties Company with George C. Ferry Jr on the board. They acquire eighteen apartments four stores and a motion picture theater from E G Spink & Co for over 2 500 000. Capital is 1 225 000 with 4200 common shares and 8250 6 percent preferred shares.
MENTIONED IN THIS ARTICLE
Moynahan Properties Company
E. G. Spink & Co
Thomas A. Moynahan
Frank C. Bopp
Lewis P. Robinson
George C. Ferry Jr
Underwriters Foundation Corporation
W. E. Call
Charles Boicourt
W. W. Dark
Indianapolis
Polk Sanitary Milk Coompany
Chicago
Indianapolis Motor Stages
R. A. Schultz
Lazarus Krinsley
R. V. Jones
Gary
Ind
Local Wagon Wheat Prices Slashed Amid Elevator Offer
Elevators pay 1.30 for No wheat as local wagon wheat value declines. Other grades remain unpriced and uncertain based on merits.
Hog and Veal Prices Slip at Indianapolis Market
Hog prices at the Indianapolis Livestock Exchange fell about 25 cents from Tuesday with an 8,000 hog run and 320 held over. Top hogs reached 12 dollars, with sows and heavy hogs also lower. cattle and calf prices were steadier to down, receipts about 1,400 cattle and 900 calves, sheep and lambs 1,100.
MENTIONED IN THIS ARTICLE
Apolis Livestock Exchange
Chicago and Cincinnati Livestock Markets Report
Cattle receipts around 14 000 in Chicago with feeders scarce and steer prices weak to slightly lower. Hogs about 18 000 with slow sale and prices down about 15 to 25 cents. Cincinnati reports hog receipts 5 200 with Polish market softness and mixed cattle demand. fat lambs and feeder cattle show varied values. Prices listed for beef steers, yearlings, cows, vealers, and feeder stock across regions.
MENTIONED IN THIS ARTICLE
Chicago
Itbera
Cincinnati
Dee
Speers
Injured La Porte Man Suffers Ice Slip Fall
Ora Frazier, 43, of La Porte Ing, was admitted to the city hospital after slipping on ice and fracturing his face and head injuries from the fall.
MENTIONED IN THIS ARTICLE
Ora Frazier
la Porte, Ing
City Hospital
Local Fruit and Produce Prices and Holiday Decorations Listing
A dated price list shows apples peaches and other fruits with per bag and per crate rates, including Indiana Jonathans and Pippins, plus bulk nut and vegetable prices. Also included are holiday decorations such as evergreen boughs, cedar, spruce, and holly roping with assorted bundle prices and tree holders.
MENTIONED IN THIS ARTICLE
Michigan
Florida
Pennsylvania
Utah
Califoenia
Minnesota
Indiana Jersey
Vermont
Delaware
Industrials Drop and Rails Go Up in Quiet Trading
New York Dec. 8 There was little change in the general market as rails advanced slightly while industrials declined. United Cigar Stores rose over two points after disclosure of a tobacco distribution agreement with Schulte forming Union and United Tobacco Corp. The deal envisions Schulte owning half the stock and United Cigars a large share. Banking history saw National City Bank raise capitalization by 50 percent to 140 million. Copper stocks held firm despite low metal prices as market leaders adhere to established trading areas amid general stagnation.
MENTIONED IN THIS ARTICLE
Am Central Life
Amer
Rumely
Citizens Gas Co
Pid Securities
Indiana
Indianapolis
Ind
Wabash Ry Co
Bank
Aetna ‘Trust
Cil Wee Ankers Trust Co
Trusttinental National Is
Wee Om Armers Rust O Sean
Wee Fidelity Trust Co
Fletcher American
Letcher Ay Ne Trust Co
Indiana National Pan
Arion County State Bank
Nat Ban
Eee Peoples State Bank
Security ‘Trust
Ile Savings and Trus'rust Company
Ash Bank and ‘Trust Co
Nm Power Co
Ndiana Otel
A Service Corp
Indpis Col & So. Se
Union Trac
Jas Co
Ls & Martingville
Janapolis Northern
Shelby
Ac & Ae
Ie Nioe
Pomeeeee Public Service
Eh Bey
Liberty
Oil Co
Isi
Pac
Nor
Wn Io
Pere Mara
Reading
Pennsy
My S Railway
Boy So Pacific
St Paul St Paul
Wabash Nee
Wabash
Chandler
Chrysler
Adson
Nash Moon
Packard
Dee
Studebaker
Warn
Timken
Eott
Sees Seeee
ST of NJ
H&l
Ody
United
Woolworth
Ig Utilities
Interboro
No Am Co
San
Suma
New York
Schulte
United Cigar
Union and
United Tobacco Corporation
Schulte Corporation
United Cigars
Whelan
Union
George J. Whelan
Charles Whelan
David R. Schulte
National City Bank
Refiners Show Limited Interest as Sugar Prices Rise
In New York Sugar Market reports indicate refiners hesitate to bid higher for new requirements while producing interests show similar caution on a rising market. The scene contrasts refiners’ reluctance with price gains amid uncertain profits and reformulated demand signals.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Coolidge Proposes Tax Relief and Big Defense Spending
President Coolidge outlined a fiscal plan favoring temporary tax reduction for six months in 1927, while preserving debt retirement and adjusting surplus usage. He requested $680.5 million for defense, $366.7 million for the War Department, and $313.8 million for the Navy, with aviation funding and a note on delaying a large airship project. He urged fiscal policy reforms, shipping board support, and alien property legislation.
MENTIONED IN THIS ARTICLE
Congress
War Department
Navy
Army
Postal Air Mall
Coast Guard
Commerce Department
Shipping Board
Coolidge
Shipping Board Fund
Coolidge requests 30 million for dry law enforcement
President Coolidge asked Congress for 30 million dollars for dry law enforcement in fiscal 1928. He stated funds are needed to vindicate prohibition and ensure compliance, noting coast guard expansion and strengthened enforcement agencies to carry out the Eighteenth Amendment and Volstead Act.
MENTIONED IN THIS ARTICLE
United Press
Washington
Coolidgs
Congress
Coast Guard
United States
Shifts Maternity Act to States
President Coolidge in his budget message urged withdrawal of Federal aid for maternity and infancy work. He supported extending the Maternity and Infancy Act of 1921 with funds gradually withdrawn, leaving states to operate the program without Federal interference, and said no government estimate would be submitted to carry on the work.
MENTIONED IN THIS ARTICLE
United Press
Washington
Coolidge
Congress
Smith Seen as Likely Appointee to McKinley Seat
Washington reports Governor Len Small may appoint Senator-elect Frank L. Smith to fill the McKinley vacancy. The Reed committee findings show Smith received major primary funds from Samuel Insull while at the Illinois Public Utilities Commission, fueling opposition to his seating.
MENTIONED IN THIS ARTICLE
United Press
Washington
Len Small
Illinois
Frank L. Smith
William B. Mc
Smith
Senate
Reed
McKinley
Reed Committee
Smith Hads
Samuel Insull
Illinois Public Utilities Commission
Insull
Bus Operator Chief Calls for Court Appeals Over PSC
Bowman of the Peoples Motor Coach Co protests Indiana public service commission decisions as unfair and urges a court appeal remedy. He argues the law lacks a right of appeal and supports retaining the commission but allowing appeals for vital utilities or public rights.
MENTIONED IN THIS ARTICLE
Peoples’ Motor Coach Company
Indianapolis
Indiana Public Service Commission
Commission
Indiana
City on Lake Faces Beef and Fuel Shortages
Sault Ste Marie endures a severe beef shortage as crews from stranded freighters drain supplies. A fuel famine hits shipping row with boats tied eight abreast to piers and delays along the St. Marys River. The city battles congestion with seventy four vessels trapped south of the locks.
MENTIONED IN THIS ARTICLE
United Press
Fire chief report shows lower losses amid discipline concerns
At a board of safety meeting Fire Chief Hatsell reported November fire losses dropped to 17000 from 35000 year prior, but the board criticized loose discipline. President Haskett urged higher respect for fire officials and salutes at engine houses. Fireman McCloskey, son of County Commissioner, was suspended ninety days for drunkenness and reassigned.
MENTIONED IN THIS ARTICLE
Jesse A. Hatsell
Board of Safety
Hutsell
O. D. Haskett
McCloskey
William McCloskey
John McCloskey
Maryland St
Kentucky Ave
Fort J. Westover
Secrets of the White House reveal Wilson era gossip and sorrow
Elizabeth Jaffray, long time White House housekeeper, writes Secrets of the White House in Cosmopolitan. The memoir recounts a McAdoo daughter causing a scene at Wilson nuptials, Wilson paying 250 for furnishings, Edith Bolling Galt’s courtship, and Wilson’s vigil at his first wife’s bier. notes her life as a painter and its impact on a professor’s finances.
MENTIONED IN THIS ARTICLE
United Press
New York
Elizabeth Jaffray
White House
Hearst
International Cosmopolitan Magazine
William G. McAdoo
Wilson
Woodrow Wilson
William Howard Taft
Edith Bolling Galt
Mexico Recognizes Nicaraguan Rebels Widening US Rift
Washington officials say Mexico's recognition of the rebel Nicaraguan regime deepens the U S Mexico split and endangers American interests in Central America. Opposing the government backed by the United States, the move marks a grave diplomatic strain per Coolidge administration officials.
MENTIONED IN THIS ARTICLE
United Press
Washington
Mexico
United States
Central America
Coolidge
Swiss Doctor Claims TB Immunization for Cattle
London report quotes Daily Mail Geneva correspondent that Dr Henri Spahlinger, famed Swiss bacteriologist, has immunized cattle against tuberculosis. The breakthrough, said to rival Koch’s historic Tubercle Bacillus discovery, was achieved using a method linked to a named prince.
MENTIONED IN THIS ARTICLE
United Press
London
Daily Mail
Geneva
Henri Spahlinger
Spahlinger
Koch
The
Mail
Also Mentioned on This Page
Wenty Rails
Vera
Ray United Press
the Wall Street Journal
Financial Review
Banks and Exchanges
Thoms
Chicago Grain Table
Moynahan Firm IS Incorporated
Spink Properties
Williams
IM Sis Astin
Mal
CTA
Enuirs
Indiana Jonathans
Boletus
California
Oregon
Laurel
E. Walter Mockler
Mainley
Victor
Kinley
Bowman
A. Smith Bowman
Haskett
Safety Board
U.S