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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 19, 1922
Page
4
Prices held well at the opening as hopes for a Germany loan faded and Judge Gary said United States Steel was not considering an extra dividend. Steel dipped slightly to 105 1/? while other leaders showed mixed moves.
New York Dec 19 United Financial reports the New York Stock Exchange released the questionnaire sent to members about financial condition after the Houston Fible & Co failure. The Kansas City firm failed likely due to answers revealing business was out of line with capital. The seven item form asks bank balances debt and collateral details and customer accounts.
The New York bond market showed a lifeless start with trading scattered across issues and groups. Fluctuations from yesterday were minor as German loan prospects faded and copper bonds, once active, softened. liberties were fairly active and steady with some declines after opening prices.
Indianap olis produce prices list stock butter caps ons and poultry items with weights and per pound or per dozen rates. Fowls ducks geese turkeys and squabs are priced by size and weight with notes on butterfat payments at 57 cents per pound by local creameries.
Market notes from Chicago list butter creamery extras at 50c firsts 45 48c seconds 42 44c eggs ordinary firsts 45 48c firsts 50 52c cheese twins 26 27c poultry market shows hens 13 18c ducks 20c turkeys not clearly stated potatoes receipts 81 carloads Wisconsin round white 25c $1.10 per bag Idaho rurals No 1 $1.15 per sack.
In New Orleans on December 19 prices rallied by 9 to 14 points with January at 25.85 cents March 26.00 cents May 25.95 cents and July 25.85 cents. The market opened steady as reported in financial news summaries.
Wholesale seiling prices for dressed beef from Swift & Co list ribs loins chucks and plates by grade. Ribs No 2 15c No 3 2c Loins No 2 20c No 3 16c Uands No 2 15c No 3 13c Chucks No 2 10c No 3 9c Plates No 2 7c No 3 6c.
Naval stores report shows Indianapolis dealers unloading turpentine in barrel quantities at 54 cents per gallon.
Chicago markets opened lower as the Government crop report spurred a bearish view. Liverpool rose early but trimmed gains on deferreds. Holidays approaching and Morgan’s foreign loan stance plus better Southwest weather weighed on futures. Provisions opened unchanged. Local wagon wheat at mills reported $1.25 for No. 2 red.
At Fredericton New Brunswick on December 19 amateurs puzzled by American radio slang. The American Radio Relay League explains terms in QST with definitions for 73 DX OM FB ND On the air Pounding brass CUL and more.
Gulf Oil climbed above 50 in the New York curb market at open, eased, then rose again as other stocks steadied. Traders cited a 27 1/4 cent dividend on 25 par value shares equivalent to 18 dollars on the old stock, with Cities Service up. The broader market dipped early but stabilized by midmorning though many leaders limited participation.
United Press reports a significant rise in U S cattle numbers with December 1 on feed about 27 percent higher than a year earlier. The Bureau of Agricultural Economics bases its estimate on stocker and feeder movements across 43 public stockyards and forage and questionnaire data. The Western states lead with a 30 percent rise versus 20 percent in the East.
NEA Service reports limited after holiday bargain sales for this year with smaller price cuts. Merchants bought to near needs and food sales will deplete shelves, while lower past prices deter deep discounts. Trade agencies cite mixed season results in Boston Philadelphia Pittsburgh St Louis and Richmond with slight price increases feared but unlikely a buyers strike due to lean stock levels.
British French and American amateur societies discuss unifying call systems to avoid misinterpretation. The proposed plan, elaborated by the American Radio Relay League, adds country initials to calls like SDW in 2AVB, preserving existing calls and requiring government consent to replace the de between calls.
Frank Casile a 36 year old market stand salesman was arrested on a warrant by Mrs Myrtle Lefeber 49 Meridian Apartments. The charge states Casile sold grapes unfit for human consumption for 30 cents to Mrs Lefeber.
Hog prices held a steady to slightly firmer tone at the local livestock exchange with receipts around 11 000 and packers showing limited demand. Sows weakened a dime while calves and lambs saw modest gains and overall cattle prices remained steady amid light trading.
Hogs receipts 48 000 at Chicago with mixed prices by class. Cattle receipts 13 000 with market steady to strong and varied steer and cow values. Sheep receipts 13 000 with slow to steady trade. Similar listings from Cleveland East St Louis and Kansas City show mixed hog and cattle movement and regional price ranges.
The Census Bureau reports 804,554 more active spindles in November than October, totaling 34,664,630 spindles based on 26 days. October counted 33,296,513 spindles for 26 days, and November 1921 totaled 34,423,339 on 25 days.
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