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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 14, 1926
Page
7
Stock averages rise as the Wall Street Journal notes a weekly decline in brokerage loans. General Motors hits new highs at 151 1 2, while the market overall shows continued strength and profit taking is absorbed. The 1927 automotive outlook appears promising.
INDIANAPOLIS STATEMENT Local bank clearings totaled 3 899 000 dollars with 802 000 debits. FOREIGN EXCHANGE New York opened irregular with demand sterling at 4 847 16, francs at 3 97, lire at 4 52, Belgian franc at 13 89 cents, marks at 23 79 cents.
Markets report wholesale prices for butter at 56 57e per pound with fat at 54 65e paid by local dealers. Cheese wholesale lists Limburger 37e and other varieties, eggs firm with white fancy at 61 6c, potatoes statewide at 3.25 6.25, sweet potatoes Jersey baskets 40c to $1.75, and cotton of various staple goods across New York and Midwest markets.
Thomas M. Boyd of American Seating Corp says a global shift toward religious expansion drives rising demand for church pews and seats. He notes parallel growth in school and theater seating as new buildings rise with population and postwar catch up.
A list of permits and fixes including Daniel Foley repairs at 534 36 WW, crew Turner furnace at 1514 E Tabor, Updyke furnace at 1356 Sheffield, J Kirch furnace 1109 St Peter, Engartes Turner furnace 1422 Bradbury, John Russell garage 2318 20 W McCarty with 350, Robert Hackney foundation 216 W 37th with 275, Deputy fire loss 2240 42 Wheeler, Presbyterian Union of Indianapolis wrecking 10th Wallace 500, port hole northeast corner Speedway Holmes 1500, Kirkpatrick Building Co dwelling and garage 1022 N Linwood 000, Max Sax furnace 029 31 Park 520, William Rein repairs 110 12 N State 5300, Spickelmier Fuel Supply furnace 1065 EF Thirtieth 1500, Parldames dwelling and garage 8837 E 32nd 1600.
Prepare before baking a cake or pudding by gathering ingredients pans and measuring utensils and checking the oven for proper heat and function.
United Press reports Dec 14 that all grain courses opened lower or unchanged on the Chicago Board of Trade. Wheat fell due to weak foreign cables from Liverpool and Buenos Aires. Corn and oats dipped slightly as better weather and larger visible supply pressured sentiment. Provisions opened steady.
In New York on December 14, interest in sugar futures is broadening as both sides grow more active. The trend remains upward with expectations of higher prices on favorable trade developments. Dips are advised as buying opportunities for later months.
In New York on December 14 Cotton continues to act well with contracts scarce on declines. Traders aim to buy their fines and push prices a few points cheaper than rival offers, while overall news remains light.
An explosion and subsequent blaze struck a section of the Dupont Viscoloid plant in Leominster Massachusetts early today. Nightwatchman Arthur Pike, aged 60, was thrown 25 feet and found unconscious by firefighters as debris filled the street. Two hours of fighting brought the flames under control with damage pegged at over 25000 dollars.
Hogs fell 25 cents at Indianapolis stockyards with 8,000 receipts led by 11.50 to 11.60, sellers steady at 9.50 to 10.75 for sows. Cattle market steady with beef steers 8.50 to 11.65, feeder steers 6.50 to 7.75, cows 5 to 7, calves 18, veal 13.40. Sheep and lambs receipts 1,100 mostly Westerns, fat lambs to 12.65, cull lambs 5.50 to 8.50.
Reports from Louisville Pittsburgh Cleveland and Akron show mixed livestock activity. Hogs and cattle receipts vary with market slowing and steady trends while lambs and sheep command regional highs and lows, reflecting uneven demand and varying weights across the era’s outlets.
Milwaukee reporters say a crew of 100 labored overnight to free ferry No. 18 stuck on Fox Point rocks as a north wind whipped Lake Michigan to subzero temperatures. Several rescuers went to hospitals with frozen hands and feet. coast guardsman Hans Quamm collapsed from exposure.
Ernest Staida and his wife Jelle Staida of Box 341 were jailed in Marion County after receiving six months each and fines of 500 dollars plus costs from Municipal Judge Paul Wetter. Deputies found whisky wine and beer at their home and several youths testified they bought the liquor from the Staidas. The couple plan to appeal.
The inmates of Sing Sing present "The Bits of 1926" nightly this week as part of their annual show. The program features "The Prisoner's Song" performed with earnest emotion to support dependents of inmates.
Ty Cobb finished his major league career in style hitting .395 with 79 safeties in 79 games. He scored 48 runs and stole 9 bases, highlighting a fitting close for the Georgia Peach's season and era.
A special delicacy features dates filled with maple nut fudge and rolled in sugar and chopped nuts for a sweet, crunchy treat. The preparation highlights a rich filling and a glossy exterior.
A dense list of produce and holiday items with prices, including oranges, grapes, coconuts, pineapples, walnuts, celery, cabbage, cucumbers, peppers, mushrooms, and Christmas decorations. Items are listed with varying weights and package sizes, showing wide regional pricing across multiple vendors.
London reports say Dean Inge the gloomy dean of St Pauls Cathedral has a full gas heating system installed in the Deanery replacing coal fires. He reportedly smiled when told of coal-stoppage settlement and renewed coal access.
Father J. S. Ricard a Santa Clara University weather expert predicted no rain for a major Santa Clara football game. He wore a Panama hat to the event claiming certainty. The forecast proved incorrect as rain did fall during the game.
Trading exceeded 1.8 million shares as select issues showed strength while the broader market rose only about one fifth of a point for fifty miscellaneous stocks. Motors and oils led, rails held gains, and tax selling outlook for year end influenced investor action.
L. H. Lewis of L. H. Lewis & Co. is chosen as president of the Indianapolis Real Estate Board by directors on a meeting held Monday. New officers include Henry E. Hottell as vice president Frank Viehman as treasurer and Lawrence J. Sexton as secretary.
Washington leaders debate new aid for cotton growers with Rep Elmer Thomas proposing a farmer run board modeled on federal commissions. Texas Rep Blanton calls for a $50,000 Bureau of Standards grant to develop cotton mill uses for hulls and notes rapid growth in the cotton seed oil industry from seven mills in 1860 to over five hundred today.
Sheriff A L Vonsar spent an hour on Main Street in St Joseph Michigan looking for a dead man said to lie in a gutter. He returned to the office after a vain search to learn the inebriated man had been revived and walked away.
United Press reports Mrs. Elizabeth Leecascle of Waltham Massachusetts drowned her two children Petty Ann three and Pauline five months then attempted suicide by swallowing poison. The mother was in critical condition.
Thomas Teller of 1805 S Minnesota St observed a man tampering with his car at the G and J Tire Company plant. Teller grabbed Virgil Burton of Beech Grove as Burton had removed a tire and two rim nuts. Burton was charged with petit larceny.
Indianapolis Water Company files a petition with the public service commission seeking authority to issue 547000 first and refunding gold bonds at 4 44 percent and 705000 first and refunding bonds at 5 percent to be sold at 41 4 percent of face value and 1763 shares of preferred stock at 45 dollars each.
In Managua on December 14 the conservative government said the filibustering vessel Superior landed about 200 men, largely Mexicans, and large quantities of weapons including 6000 rifles and machine guns with field pieces for Liberal revolutionists against Conservatives. US naval officers confirmed weapons shipments while noting no landing of men. Tulsa's presence at Puerto Cabezas halted arms landings there.
Arguments over the Indianapolis light and heat utility merger escalate as attorneys for Chapman Price Steel and the American Foundry challenge the merger petition. City officials prepare to bolster opposition with a $15,000 attorney fund while Harley Clarke seeks to realign the city’s light bill. The state Supreme Court may decide jurisdiction as hearings are scheduled for Thursday.
The Indianapolis Radio Distributors Association met at the Chamber of Commerce to appoint show legislative and constitution and by laws committees. Members include L. L. Banford Adolf Wagner L. D. Ginger George A. Riser Frank J. Argast C F Connell and C E B Callendar. The group aims to study practical radio receiving instruments and reduce interference in broadcasting.
The body of Frank Everting, 60, was identified by his son Schofield after police found the man at 111 West Street nine days earlier and kept unidentified at the Royster and Askin morgue. Coroner Dr. Paul F. Robinson ruled heart disease as the cause of death and the body was taken to Morgantown for burial today.
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