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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 11, 1922
Page
2
Wall Street notes a steady general list with National Lead advancing to 128 for the week. Trading shows a heavy tone as professional selling tests market power while December steel output hints at continued mill activity and rising prices.
After a small opening rise tied to Liverpool gains, Chicago grain quotations fell as heavy profit taking emerged. Wheat buying was solid at first, then eased with selling. receipts totaled 5 cars of wheat, 749 of corn, and 270 of oats. Argentina saw more rain delaying harvest and holders showed less willingness to sell. World wheat shipments dropped from last week and from a year ago while corn shipments rose slightly. sellers paused amid proposed congressional legislation.
Local mills pay $1.20 for No. 2 red wheat. Hay prices listed as loose hay $17 to $18 per load, Timothy bales $16 to $16.5, mixed hay $14 to $15.50. Oats priced at 50 to 53 cents. Corn old 68 to 70 cents, new 75 cents.
Simms Petroleum led the New York curb market with a new record high around 15 percent as active trading opened. Prairie Pipe rose to 32 2/3, up 17 points since the dividend plans were announced, while Durant Motors and Messabi Iron also showed strength.
Fragmented diary like market report lists produce and poultry terms with percent increases. Mentions young turkeys and lean birds along with price cues and stock shorthand.
Indianapolis traders quote the barrel price at about $1.01 per barrel as voting begins. The market shows cautious moves amid early returns and regional demand signals.
A call for economical substitutes for battery power in radio receivers shines on amateur groups. The piece notes the burden of dry and storage batteries for train reception, citing the Buffalo Special of the Delaware Lackawanna line where receiving gear sits in a club car.
A Chicago debate over Rev D Logan Loughborough's boxing classes for girls at Sheridan Road church drew mixed reactions. Moody Bible Institute critics warned against modern interpretations of the Bible and sideshows while Rev J Morriston Thomas supported supervised boxing as harmless self expression for girls, contrasting with other pastors who favored traditional spiritual focus over physical training.
Trading in Liberties was about the only activity in the bond market with government issues firm. The third 44s rose to 9.08 in early trading and fourth 4%4s gained 12 cents. Victories of 1923 sold at 100.40 while other sectors showed light, steady prices. The National City Company announced a 10 million dollar first mortgage sinking fund 7 percent gold bonds of the Vertientes Sugar Company in Cuba, dated 1922 and due 1942, secured by a first mortgage on all property.
A German couple and their three legged dog arrived on the George Washington but the dog was left on the Hoboken pier because of Ellis Island red tape. Martin Neubauer later recovered, traveled to Chicago, and the baggage master helped reunite him with the pet.
Cotton opened firm with gains across months in New York and New Orleans markets. January up about 17-18 points or cents, March and May similarly higher, while spot in Liverpool remained quiet and futures opened steady.
Prices for dressed beef by cut are listed as ribs 0.15, loins 0.17, rounds 0.14, chucks 0.09, mates 0.07 under Swift Pe No. 2 No.3 and Co. Indianapolis dealers quote turpentine at 1.60 per gallon in barrel quantities.
Mary Gindick, 17, who has lost her left arm and left leg, swam 25 yards on her first Northwestern pool dive. She earned an A rating as Coach Tom Robinson hailed the feat as the most remarkable aquatics moment in twenty years.
Paris December 11 A man dying inch by inch has undergone his eleventh operation. Dr Jacques Vaillant renowned radium expert had both legs removed after gangrene, then his right arm, and most recently his remaining arm. He refuses to abandon radium research and will continue with four artificial limbs.
In Iron Mountain Michigan a female bear attacked Louise Yuhasey during a hunt and was killed by five bullets when the animal was ten feet away. Earlier, two Norway Mich hunters Francis Wedge age 15 felled a full grown bear last week.
Senator Caraway of Arkansas condemns the Senate for focusing on methods to invade rights and make life less pleasant, instead of upholding the Constitution and protecting American citizens.
Hog prices gained 15 to 25 cents at local stockyards with a light run of 10,000 hogs. Heavies $8.50-$8.55, mediums $8.55-$8.60, lights $8.60-$8.65, pigs up to $8.76. Cattle steady, calves firm, sheep and lambs steady with light volume. Receipts: hogs 10,000. cattle 1,000. calves 600. sheep and lambs under 100.
Four prominent doctors certify Justice Pitney suffers from arterial sclerosis Brights disease and a stroke of apoplexy. Senate debate notes these medical findings amid broader congressionally reported issues.
Senator Owen argues 5 percent of France was devastated and a reparations sum of 33 trillion dollars would imply France’s total value near 660 billion dollars, a figure he says exceeds prior estimates. He also critiques Henry Ford’s influence in politics and business. Senator Norris and Senator Norbeck offer sharp remarks on wealth, faith, and national policy. Dr. Charles L. Parsons calls the Supreme Court the highest national honor.
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