Markets Rally On Bullish Trade News Across Industries
Wall Street traders gird for Christmas as steel and motor shares surge. Steel common climbs to 96, Studebaker hits a new high near 107.5, General Motors and Dupont push higher while Brookyln-Manhattan Transit and oil stocks gain. Industrials like Mack Truck and American Woolen join the broad advance amid improving demand and optimism.
MENTIONED IN THIS ARTICLE
New York
Whch
Stock Exchange
Studebaker
Brooklyn-Manhattan
General Motors
Dupont
Ppers
Mack Truck
Davison Chemical
Spicer Mfg
Baldwin
Low P
Atchison
Erie Ist
Texas Co
Sinclair
Lehigh Val
Poet N Y Central
North Pa
Pere Mara
South
St Paul
Aan Union Pac
Ate
Kennecott
Wabash
Allied
Chem
Coca-Cola
AM Steels
Nat Enamel
Sears-R' Buck
Bethlehem
U $C Iron P
Crucible
U S Ind
Motors
Chandler M
Gen. Motors
Int Corp
Mack Motor
Stromberg
Stewart-W
Punta Alegre
Indianapolis Bank Clearings and Debits Reported
Local bank clearings on Thursday totaled 3 341 000 with bank debits at 5 528 000. In New York the money market was quiet with time money at 56 percent to 56 per cent and commercial paper trading quietly at 4 to 5 percent.
MENTIONED IN THIS ARTICLE
Indianapolis
New York
United Financial
Foreign Exchange Falls as Cables Quote Declines in Major Currencies
New York December 13 currency market reports lower demand across several currencies. Sterling and lire show reduced demand with mixed cable quotes. Swiss, mark, and guilders also weaken amid lower demand, while the franc and other currencies reflect softer buying interest.
MENTIONED IN THIS ARTICLE
Unites Finance New York
France
Holler Grecho
Abe
Guilders
Weden
Ray
Cities Service issues feature curb trading in New York
pronounced strength in Cities Service securities led the curb opening with common up 2 points to 141. Bankers' shares rose to 14 percent, preferred at 67 percent. Standard Oil of Kentucky regains its $1 dividend at 100 percent. New York Central rights rise 4 cents to 52 cents, later 53 cents. Magnolia Petroleum and Humble Oil advance Texas crude by 10 to 25 cents per barrel.
MENTIONED IN THIS ARTICLE
United Financial New York
Standard of Kentucky
New York Central Railroad
Magnolia Petroleum Company
Humble Oil and Refining Company
Texas
Chamber of Commerce Site Plans Discussed
Members of the chamber building committee discussed plans for a new site. Three or four locations were considered and a selection will be made soon. Charles F. Coffin chairs with Henry L. Dithmer J I Holcomb L C Huesmann Dick Miller W J Mooney and Frank Wampler also on the committee.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Chamber
Charles F. Coffin
Henry L. Dithmer
J. I. Holcomb
L. C. Huesmann
Dick Miller
W. J. Mooney
Frank Wampler
Cotton Market Report Shows Prices Steady At March Close
Market notes indicate cotton prices held steady with March futures around 36.5 cents per pound. Traders watched demand signals and weather factors shaping early spring pricing.
Grains Rally at Opening on Bullish Weather Signals
Grains rose fractionally at the start on the Chicago Board of Trade as outside markets strength and unfavorable domestic weather fed bullish sentiment in wheat. Corn saw good local buying while oats gained on low prices and high farm demand. provisions opened higher with strong overseas cues.
MENTIONED IN THIS ARTICLE
United Financial Chicago
Chicago Board of Trade
Liverpool
Ohio
Illinois
Missouri
Chicago Grain Table Signals Mixed Wheat and Corn Moves
Chicago morning grain table shows wheat with mixed bids and small gains across December and May contracts while corn holds around the 72 cent area for December and May futures. The market also records spot receipts across wheat corn oats rye as buyers report movement.
MENTIONED IN THIS ARTICLE
Chicago
the Spies UE
Der
Grain Briefs Signals Cautious Market Outlook
Chicago dispatch notes slow improvement in grain markets with lingering surplus as a burden on farmers. Western millers report quiet flour demand, rains hinder corn husking across Illinois Indiana Iowa and eastern Oklahoma, and winter wheat generally satisfactory. Canadian wheat demand for Japan appears active while UK imports rise and exports fall year over year.
MENTIONED IN THIS ARTICLE
Ilinois
Indiana
Iowa
Oklahoma
Local Mills Pay $1 for No 2 Red Wheat
Local mills and elevators set a price of one dollar per bushel for No 2 red wheat, signaling market rigidity in regional grain markets.
Tank Wagon Prices For Gasoline And Kerosene
Gasoline prices listed exclude a 2 cent per gallon state tax. Energee 116¢ a gallon Parol 12.2¢ Hed Crown 142.2¢ Target 12.2¢ Silver Flash 16¢ Standalind aviation 10.0¢ Kerosene Crystaline 10.75¢ Moore Light 14¢ Perfection 10.75¢ Naptha Lion Power cleaners 25.10¢ sen & P. 22.1¢ Standolind cleaners
MENTIONED IN THIS ARTICLE
Energee
Moore Light
Perfection
Naptha—Lion Power Cleaners
Sen & P
Dressed Beef Prices Wholesale Cataloged by Swift Co
Swift & Co lists dressed beef wholesale prices including ribs No 2 Oc and No 1 17e Loins No 2 25 No 5 18e Rounds No 2 20c No 3 11c Chucks No 2 1c No 3 10c Plates No 2 8c No 3 7e.
MENTIONED IN THIS ARTICLE
Swift & Co
Cloverseed Market Dealers Pay $7.50 Per Bushel
Local Cloverseed market reports dealers paying seven dollars fifty cents per bushel. The price guidance reflects current demand in the regional agricultural trade.
House Painters Convene Sets Spring Prices Unchanged
U G Case retiring president of the Indiana State Association of Master House Painters and Decorators reports at the fifteenth convention held at the Severin that material and labor prices are not expected to rise. New officers named include M A Clark of Fort Wayne president and Charles H Sedam of Indianapolis vice president with Herbert Abernathy of Vincennes as second VP C H Norman of Indianapolis remains secretary treasurer and O S Jones of Fort Wayne stays on as a member of the International executive guard.
MENTIONED IN THIS ARTICLE
U. G. Case
Indiana State Association of Master House Painters and Decorators
Severin
M. A. Clark
Ft. Wayne
Charles H. Sedam
Indianapolis
Herbert Abernathy
Vincennes
C. H. Norman
O. S. Jones
Fr. Wayne
International Executive Guard
Richer costs explain chocolate price breakdown
The article explains how 74 cents of every dollar for chocolate goes to materials and foreign cocoa bean supply, 6 cents to processing, leaving 20 cents for overhead, taxes, and profit. A 10 percent rise in materials would add 7.4 cents per dollar, and a 10 percent wage rise would add 0.6 to 1 cent.
MENTIONED IN THIS ARTICLE
Mae
Tropics
Markets In Indianapolis and Across Cities Report Prices
Fresh eggs and butter prices in Indianapolis and Chicago trends noted. Wisconsin and Minnesota potatoes quoted. New York flour and poultry markets show steady to firm tones with various regional price ranges for butter, cheese, eggs, lard, and meats.
MENTIONED IN THIS ARTICLE
Chicago
Der
Wisconsin
Minnesota
North Dakota
Red River
Ohios
Michigan
Idaho
New York
Mid West
Rio
Santos
C. Talon
Long Island
Mi'k
Pacific Coast
Governor Grants Christmas Visit to Civil War Vet Romine
Governor McCray will allow Henry Romine of Jennings County the only Civil War veteran in the Indiana State prison to spend Christmas day with relatives. Romine was sentenced to life imprisonment after a 1918 murder conviction and has previously received temporary paroles during G A R encampments.
MENTIONED IN THIS ARTICLE
McCray
Henry Romine
Jennings County
Indiana
Romine
Beekeepers Elect New State Elections Chair
Frank N. Wallace was named chairman of the elections committee of the State Beekeepers' Association at its annual meeting in the Statehouse. Frank C. Pellett of the American Bow Journal spoke, with C. O. Yost presiding as state nosary inspector.
MENTIONED IN THIS ARTICLE
Frank N. Wallace
State Entomoiresse
State Beekeepers’ Association
Statehouse Today
Frank C. Pellett
American Bow Journal
C. O. Yost
Hog Market Recovers With Higher Prices On Light Receipts
The local livestock market posted a 15 cent rise for good hogs as receipts were only about 10 000 and demand remained strong for shipping. Top hogs reached 7 15, mids sold 6 50 to 7 10, with sows up to 6 50 and pigs generally steady at 6 50. Cattle trading slowed and weakness persisted in common and medium grades. Veal calves rose to 11 50, lambs fell to 12, sheep held at 6 with receipts around 1 200 cattle and 350 sheep and lambs.
MENTIONED IN THIS ARTICLE
Chicago
Bov
Buffalo
East ST. Louis
Pittsburgh
Hogs and Livestock Prices Across Cities
Chicago receipts 47 000 hogs with various weights and prices. East Buffalo cattle and hogs show slower trading with mixed prices. Pittsburgh and Cincinnati report steady to strong hog markets and varied cattle demand. East St Louis notes active hog trade and higher weights. Prices include hogs 6.75 to 7.10 and cattle 7.75 to 9.75 per unit, with veal and lamb values also listed.
Bridges in Balance Over River and Delaware Street Links
City failure to notify county on White River bridge plans prompts Friday consultation of county councilmen commissioners and auditor. They will weigh letting a $210,000 Delaware Street bridge contract on Dec 19 versus waiting for city to announce river bridge plans before Jan 15.
MENTIONED IN THIS ARTICLE
White River
Kentucky Ave
Delaware St
Fall Creek
Smoke inspector to start giving notices at once
Hubert F. Templeton now assistant chief smoke inspector plans immediate notices to downtown plant owners for violations. If unabated after three days, a second notice follows, then re inspection and possible fines up to 500 dollars per day. Fred Beck to assist Templeton. Hamilton to assign more inspectors. Council considers 3000 dollar 1924 salary appropriation.
MENTIONED IN THIS ARTICLE
Hubert F. Templeton
Francis F. Hamilton
Templeton
Fred Beck
Hamilton
Thh
Safety Board
Walter W. Wise
Wise
Falling Prices and Bemis Forecast in Telephone Case
The article notes concerns over obtaining facts as independent company books may be subpoenaed. Indiana's company pays 4 1/2 percent of gross income to its parent American Telephone and Telegraph. Judge Page ruled the matter for the court and withdrew the question.
MENTIONED IN THIS ARTICLE
Taylor BE. Groninger
City Corporation
Commission
Bemis
American
Indiana Company
Indiana
Page
Marriage Licenses and Birth Announcements in Local Register
A scattered list shows numerous marriage licenses with names and ages from J A Bennett to Edith Whit0 and others, along with births at city hospitals. The entries include multiple couples from various towns and addresses, followed by birth notices for families including Mason, Brannon, Lane, and Ward, among others.
MENTIONED IN THIS ARTICLE
Volney
Fern Mason
Ohto Epwars
Marie Hoteler
Hos- Walter
Ethel Brannon
Hazel
Henry
Clara Lane
Biren Clyde
Gladys Ward
Reid Place
Mahlon
Hata Myers
King. John and
Minnie Lee
City Hospital
Anta and
Justina Dennison
Deaths in City Hit List of 20 Names and Ages
An obituary list reports multiple deaths with ages and causes such as chronic myocarditis uremia pulmonary tuberculosis and cerebral hemorrhage. Notable entries include Mary Jane Calvin 86 Aaron T Tandy 36 Luella Jane Stephenson 66 Flora Ross 6 days Sidney Baker 39 Thomas Kearney 76 and more. A note states State Insurance Audit Examiners will soon finish reviewing books at the office of Thomas S McMurray.
MENTIONED IN THIS ARTICLE
Mary Jane Calvin
Aaron T. Tandy
Provident Sanatorium
Luella Jane Stephenson
Flora Ross
Edgemont
Alfred Blucher
Methodist Hospital
Silas Joshua Doty
Shelby
Sarah Rothermell
City Hospital
State Board of Accounts
Thomas S. McMurray
Real Estate Board Elects Officers at Annual Meeting
Other officers were elected Friday at the annual meeting of directors. Vice president is Frank E. Gates of Frank E. Gates and Sons secretary George T. Wheldon of Emerson W. Chaille & Co. treasurer Burt E. Richardson head of the real estate department at Fletcher Savings and Trust Company.
MENTIONED IN THIS ARTICLE
Frank E. Gates
Frank E. Gates and Sons
George T. Wheldon
Emerson W. Chaille & Co
Burt E. Richardson
Fletcher Savings and Trust Company
John Worth Kern Begins U S Duty as Commissioner
John Worth Kern, 23, son of the late John W. Kern, former U S Senator, starts work as commissioner today. Named by Judge Albert B. Anderson to fill the late Charles W. Moores’s post, he is said to be the youngest commissioner yet appointed. A Washington and Lee and Harvard Law School graduate, Kern was elected secretary of the Indianapolis Bar Association and is with Denny & Denny, lawyers, in the Consolidated Building.
MENTIONED IN THIS ARTICLE
John Worth Kern
John W. Kern
United States
Albert B. Anderson
Charles W. Moores
Washington and Lee University
Harvard Law School
Indianapolis
Coolidge May Attend Memorial Ceremony Invitation
Marcus Sonntag of Evansville Indiana introduced to President Coolidge by Postmaster General New. Sonntag invited the President to Indianapolis for the corner stone laying of the World War Veterans Memorial. Coolidge will consider the invitation and respond as the event develops.
MENTIONED IN THIS ARTICLE
Sonntag
Evansville
Ind
Coolidge
New
Indianapolis
Barney Google Spark Case Sparks Judicial Ruling
A judge rules that alleged musical offenses by Barney Google must not prejudice a liquor case jury. The ruling emphasizes fair trial standards while outlining limits on prejudicial evidence in the state court proceedings.
MENTIONED IN THIS ARTICLE
Barney
Google
Judge Rules
Anti smoke tips mailed to Indianapolis citizens
The chamber of commerce civic affairs committee led by William Fortune sends rules for firing household furnaces as approved by smoke inspector H F Templeton. Guidelines urge regular firing, avoiding low flames, using four to six inch coal lumps, adding fresh fuel each time, and keeping a thick fire to save coal and reduce smoke.
MENTIONED IN THIS ARTICLE
Chamber of Commerce Civic Affairs Committee
William Fortune
Indianapolis
H. F. Templeton
Indiana
Trial In Federal Prohibition Case Cites Song Writer
Judge Albert B. Anderson presided today as John Sadler of Chicago faced federal charges for alleged violation of prohibition laws. The judge noted the man did not stand trial for writing the song Barney Gonette as Aaron said.
MENTIONED IN THIS ARTICLE
Albert B. Anderson
John Sadler
Chicago
Barney Gonette
Anderson
Obregon Takes Field Against Mexican Rebels
President Obregon mobilizes against Adolfo de la Huerta forces with plans for an attack from Irapua. War secretary Zerrano to inspect troops for Vera Cruz front as air patrols map rebel territory and clashes spread through southern Mexico including Michoacan and Vera Cruz.
MENTIONED IN THIS ARTICLE
United Press
San Antonio
Texas
Alvaro Obregon
Adolfo de la Huerta
Obregon
Irapua
Zerrano
Vera Cruz
la Pediad
Michoacan
Coatotalapam
Garcia
Mexico
Sanchez
Esperanza
Bishop rebukes liberal pastor over sensational NY event
Dr William Norman Guthrie pastor of St Macna in the Goverie is summoned before Bishop Manning of the New York Episcopal diocese to answer for recent church services that sparked a uproar. He defends the St Nicholas celebration saying the conduct was not immoral or illegal and that the church acted within the law.
MENTIONED IN THIS ARTICLE
United Preas
New York
William Norman Gutherie
St. Macna in-the-Goverie
Manning
Episcopal Diocese of
St. Nicholas
St. Marke
Gutherle
Child Dies After Falling Into Hot Hog Water
Kenneth MacLafferty two years old died from burns after falling into a barrel of scalding water used for hog butchering. The accident occurred in Versailles Indiana on December 18.
MENTIONED IN THIS ARTICLE
Versailles
Ind
Burns
Kenneth MacLafferty
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The
Wall Street Journal
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Yost
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Lam
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J. A. Bennett
Douglas
Clara B. Pasley
S. Lauren Bogies
Brownsville
Hazel Measing
N. East
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Sylvia Lee
Arrow
L. W. Kruse
Delaware
Irene Lewellen
Broadway
D. L. Grubbs
Warren
Ida Carr
New Jersey
O. Barnes
Manete
Nora Dominick
Lowell
J .M. Anton
Ada Brush
Congress J. W. Kilgore
N. Jefferson
Marie Owen
F. Washington E. FE
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Denver
Colo
Emma Rhodes
Keystone
K. E. Roberta
Jackson
Edith Whit0
W. Merritt
A. L. Willis
N. Mount
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Sturm
D.C. Altayn
Cecil Franklin
Church
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Anna Johnson
Frederick
Anta Harrison
Seagransd
Myrtle Timbs
W. McCarty
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Goldie Keithley
Ralph
Fern
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Flora Sellors
Knox
Basi
Nellie Murford
Gimber
Charles and
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Clifford
Margaret Estell
City
James and
Stella Dickson
Real Estate Board
John R. Whits
Indianapolis Real Estate Board
John R. Welch
Welch
Cettic Savings and Loan Association
John R. Welch and Sons
Kern
Denny & Denny
Consolidated Building
J. W. Kern
Timea
Washington
Marcus
Gutherie
Portland Cement Association
Portland Cement Association Merchants Bank
Indianapolis, Ind
Oa National Organization