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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 09, 1926
Page
5
Bernard L Mensch paid 175000 for a membership and Kenneth Walsh bought a seat for 170000. The Wall Street Journal notes reactionary sentiment eased and rails led gains with Baltimore & Ohio up 1 3 4 percent and Northwestern rails advancing.
Indianapolis local bank clearings for Wednesday show debits of 3.637 million and credits of 8.011 million. New York clearings total 887 million with balances around 102 million.
United Press reports Chicago grain opens mixed with wheat unchanged to lower amid bearish Soo grain fleet release. Liverpool and Buenos Aires begin firmer while corn falls 4 cents and oats rise up to 1/2 cent as a strong underlying tone shows through despite a weaker start. Provisions unchanged.
New York report spurred cautious trading as prices fell six points on the day. Hedge selling in the final half hour tempered gains and analysts warned of expected declines amid speculative pressure on cotton futures.
In Geneva a group of tobacco growers decided to resume culture on a large scale in 1927 after addressing overproduction concerns. The move follows years of market pressure and previous season restraint. A Swiss industry forecast foresees renewed cultivation efforts to stabilize prices and output.
The list details apples and fruits with varied prices per bushel and per crate, plus mixed produce and holiday specialties. It notes quantities like cases, boxes, crates, and baskets with named items such as Grapes Emperor, Lemons Califor, Oranges Oregon Rose, Pineapples Cuba, and Vegetables including Artichokes California and Kale Kentucky. Prices range across mid to high single digits per unit and per crate, reflecting a regional market catalog.
New York December 9 A $30 million stock dividend for F W Woolworth Co vast in size and value rises from a 50 percent distribution paid in stock, with 1 3 million shares valued at over $30 million. Wall Street quotes show a drop in share price after the announcement as financiers gauge the impact. Woolworth and other chains report sharp gains in November sales compared with last year.
Piggly Wiggly Western States Company posts November sales of 815710, up 42.15 percent from 1925. Eleven months total 7087007, up 19.50 percent. Metropolitan Chain Stores show November sales 1010269, up 27.1 percent. year to date 8867529, up 29.6 percent. Thirty eight new stores opened in 1926, totaling 104 stores.
Markets show wholesale creamery grade A butter at 55 57e per pound with butterfat payments around 53 550. Wisconsin cheese prices listed for Dusies Loneherne 24d 7e and Limbureer 27e. Poultry prices read Fowls 19 22c Leghorn 12a and ducks 15 18e with fresh delivery from Indian apolia.
The Indianapolis Livestock Exchange featured a steady hog market with best porkers at 12.10 and bulk at 12.00 per cwt while weights 120 to 300 pounds sold at 12.00. Packing sows ranged 10.25 to 11.50, and over 300 pounds quoted 11.50 to 12. Cattle receipts around 1,200 kept a steady tone with beef steers 7.50 to 11.50, stock and feeders 6.50 to 7.75, and cows 5 to 7. Calves sold around 12.50 to 13 with top 13.50. Sheep and lambs receipts about 600 with natives at 12.25 down and fat lambs steady.
After pleading not guilty to nine traffic violations, Constable C W Freeman sought to introduce a letter allegedly from Don Roberts granting parking permission. The court overruled it. The trial was continued to December 15 with plans to bring Police Chief Claude F Johnson, Mayor Duvall, and O D Haskett to testify Freeman had parking privileges.
The League of Nations council invites the United States and Soviet Russia to join an international economic conference in Geneva starting May 4. The conference aims to advance postwar economic rehabilitation efforts.
Federal prosecutors prepared to push for a 500000 liquor espionage fund as evidence from a sensational raid on the Kenzington Club, a three story deluxe wine salon in Chicago. The operation used two undercover agents and highlighted calls for expanding the spy force.
A one story frame house seven miles southeast of the city on Independence Road owned by John Hull was destroyed by fire. Loss estimated at 2000 dollars. Indianapolis fire department called Squad 26 Irvington under Capt Dan Hill fought the blaze. Only water from a small well available. Firemen collected a fund to aid the unfortunate family. Within the past year two children in the family have died neighbors said Mrs Hull was at a neighboring store when the fire broke out a child was at school.
Judge James A Collins of Criminal Court says auto theft by youths has reached an appalling level and will be prosecuted with police help. He notes a drop in daily thefts from twelve to two or three and vows severe punishment for indicted offenders. John Millivans, 17, jailed a year at the Indiana State Farm for ten auto thefts. Her serwis, 18, guilty of three thefts with Millicons, given county jail time until noon December 24 and fined 325.
In New York Sugar futures yesterday stayed firm despite profit-taking. Dealers noted selling at this stage could aid the market while underlying support appeared as prices slipped.
New York December 9 industrial averages settled lower despite late buy activity. Minor motors showed some improvement with Jordan rallying. bears covered. Woolworth declined after announcing a 50 percent stock dividend worth about 32.5 million dollars, raising shares to 3.9 million. Northwestern carriers rallied on expected improved dividends amid rate concerns. Mellon announced 200 million dollars of 31 per cent certificates to be offered December 15, seen as quickly absorbed.
Police respond to irate citizens on College Ave and Thirteenth St on a call to keep the peace. An automobile horn short circuited, officers break contact and calm is restored.
Five miners were killed and several injured in a gas explosion at a deep Indiana coal mine at 6:20 AM. A miner identified as Black was blamed for triggering the blast by disregarding a warning sign. Rescue efforts continued as ventilators operated and two workers reached safety two hours later.
J. J. Forbes of the U S Bureau of Mines urged preventable mine explosions through safety methods and a new Indiana law requiring rock dusting. He explained blasting dust control with powdered limestone and water, plus oxygen resuscitation demonstrated with a canary. Other speakers included H W Heinrich, W J Hackett, and Dr Cameron A Leatherman discussing employer safety, plant safety, and automotive industry safety.
E L Doheny Sr his wife and son testified in the Do henys conspiracy trial alongside Albert B Fall former interior secretary. They described a $100 000 loan to Fall before Elk Hills leases and Pearl Harbor tank contracts. Defense witnesses claimed Doheny acted from patriotism to support a vital naval base at Hawaii.
Sault Ste Marie December 9 With the ice jam broken skip pers of the vast fleet hurried to beat worsening weather More than 100 grain laden vessels moved south through treacherous ice toward Buffalo most carried just enough coal to reach port some may burn cargo to fuel use
In Bicknell Indiana a remarkable exhibit of 1389 buttons coins and metal pieces was shown as having been recovered from the stomach of Mrs It Hahn She recalls swallowing only a dime in childhood and reports no further memory of the event.
Chief Albert C Daily of the Indiana bureau of mines sent five deputy inspectors to the disaster site. The investigators are John Ellison John Stevey Thomas Gillespie James A Russell and H J Wilton.
Evansville Red Cross chairman Marcus Sonntag departed for Princeton with doctors, nurses, and surgical supplies. William Fortune of Indianapolis said more supplies and personnel are ready to depart if further need arises for the stricken area.
Trial of Count Ludwig Salm versus his wife Millicent Rogers, a separation suit, was adjourned until January 17. Indications point to a possible out of court settlement, though opposing counsel offered no comment.
Washington dispatch reports that prohibition agents seized over 27.5 million gallons of intoxicants in the last fiscal year and made 72,700 arrests. Nineteen agents and six officers died enforcing the dry laws. Federal sleuths toppled 12,237 distilleries and 12,248 stills, with significant seizures of beer whiskey rum and wine. fines and taxes exceeding 5.6 million dollars accompanied the enforcement costs.
Police received a tip on a license plate and car type from Captain Walter White guiding inquiries into two youths matching the bandit description. A safe at Capitol City Fuel Co. was tried but the combination was broken with no theft. raid on 901 North New Jersey Street netted two women and two men with an automatic pistol found on one suspect. both women faced statutory charges.
Six men in a passing touring car fired pistol shots through the windshield of a car carrying Dr. Raoul Zepeda, agent of the Nicaraguan Liberal government, and a chauffeur. The attack in Mexico City left the chauffeur slightly wounded.
The Guatemalan Foreign Office denies reports that Guatemala aided Nicaraguan revolutionists seeking to overthrow the Conservative Diaz government. The statement was issued from Guatemala on December 9.
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