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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 18, 1926
Page
5
New York December 18. Weekly mercantile reviews predict strong retail demand as cold weather boosts holiday shopping and optimism in stocks remains. Trading on the New York Exchange shows a cautious rise with profit taking limiting big gains while offerings support an overall uptrend. American Can leads industrials at new highs.
Philadelphia dispatch quotes former Chicago White Sox manager Eddie Collins saying he plans to remain in baseball and "hold down a major league post next season" and make a good job of it.
Used car ad highlighting Red Seal guarantee and personal service. Lists 1925 to 1926 models with down payments from 0 to $60, notes rebuilt motors, tires, paint, upholstery, and thirty day guarantees. Emphasizes bargains like roadsters and tourings and urges viewing the stock.
The Wangelin-Sharp Company opens two new locations at 443 Virginia Ave and 962 N Meridian St in Drex. The expansion targets broader customer access and shopping convenience for local residents.
A string of old car ads from Central Buick Co and MITH & MOORE plus Owen Meridian listings. Includes 1926 Ford coupe touring trucks with prices like 100 down and 360 cash balance. Offers Cadillac? No, Ford heavy. Contact names Easley and Mr. Easley with Main 5644.
United States Steel common led a booming session with a turnover around 633000 shares, a one day high not surpassed since wartime. Steel touched 160% with other Morgan group stocks like New York Central Allied Chemical Baldwin and Southern Pacific also firm, while call money stayed around 5 percent and demand remained buoyant.
A fragmented grocery ledger lists assorted fruits vegetables and seasonal decor with prices. Items include apples pears grapes lemons oranges and tropicals from Indiana Florida California and Oregon, plus nuts dairy and holiday staples like evergreen rolls wreaths and topa holiday specials.
Philadelphia report Dec 18 notes William T. Tilden plans a European invasion and hopes to take Al Chapin of Springfield Massachusetts or Francis T. Hunter of New York as partner to the Wimbledon championships next year.
Trading was moderately quiet at the Indianapolis stockyards with hogs and cattle steady and calves strong. Hog prices held at 11.80, bulk calves 14 to 14.50, beef steers 8.50 to 11.50, calves 14, and sheep and lambs steady around 11 to 12.50. receipts estimated around 1,400 head.
Markets list prices for creamery butter at 55 6 per pound and fat content. cheese prices 46 25 per hundredweight, Longhorns 24 cents, Limburger 37 cents. Fresh poultry delivered from Indian markets shows fowls at 2 cents, Leghorns 13 0, fowls 23 cents, other birds at 14 cents.
Louisville market notes show hogs at top prices around 11.70, with receipts 800 head. Calves and food, price ranges from 8 to 10.50, with good to choice quality. Sheep receipts 50. lambs top around 7.50, seconds 5 to 7.50, ewe similar. Market steady overall with limited movement.
Chicago December 18 Times Special reports Indiana Limestone Company to allow employees to become partners. Plan, effective New Year’s Day, lets workers subscribe over three years with company contributions and additional benefits for those staying through the full period. President A E Dickinson cites industry precedents and strong recent growth under Lawrence H Whiting.
Reports from 481 cities show U S building permits total about 6.2 billion for 1926, down from 6.5 billion in 1925. New York City projects exceed one billion, Detroit San Francisco Newark Pittsburgh and others show gains while national declines persist with year end costs up modestly and labor costs up four percent.
New York December 18 Wall Street anticipated another exciting session on the Stock Exchange as rumors of bulky stock dividends from large industrials spread after United States Steel rose to 160.50 a share. Brokers expect potential advances in other industrials with profit taking by speculators amid optimism before Christmas. Railroad stocks led gains with Atchison New York Central and New Haven rising and Allied Chemical expected to announce favorable dividends.
Gus Peterson, Columbia wrestling coach, and captain Mike Sesii left New York for Havana to coach the University of Havana wrestlers during the Christmas holidays.
In New York on December 1 a benefit card is being arranged for Sam famous in the ring a decade ago, featuring boxers Chick Suggs Bruce Flowers and Black Bill.
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