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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 29, 1927
Page
4
The New York stocks column by Thomson and McKinnon surveys market activity with price movements, notable gains and losses, and commentary on prevailing economic factors influencing shares, bonds, and current trading sentiment.
Hogs fell 10 to 15 cents at the Union Stockyards after a steady start, top heavy butcher bids at 8.90, receipts about 8,000 with 689 hold overs. Chicago open market fairly active to shippers, calves up 50 cents locally, cattle and sheep steady, heavy meat animals 250-350 pounds 8.85 to 8.99, lighter 160-200 pounds 8.50 to 8.90, 130-160 pounds 8.25 to 8.50, pigs 90-130 pounds 7.25 to 8.25, packing sows unchanged at 7.8 to 8.0. Beef cattle strong, steers 11.65 to 14.25, cows 7.79 to 8.25, bulk stock and feeder steers 7.50 to 9. Receipts about 700. Best vealers 15.50 to 16.50, heavy calves 6.50 to 9.50. About 400 animals yarded. sheep and lambs quotably steady, top 13.25, fat lambs 12.4 to 12.5, Cull lambs 7.50 to 10, fat ewes 4.50 to 6.50.
A detailed list of barrel and box apple prices including Jonathans Grimes Golden Staymans Baldwins Winesaps and more with per 40 lb basket box and crate rates. Also catalogs bananas grapefruits grapes lemons limes oranges pears avocados and Washington D Anjou apples cross various regional sources and price points alongside vegetables and misc produce items.
Irregular early trading on the New York stock exchange with a technical reaction expected. United States Steel rose after a split opening, while General Motors fell from 1351 to 134.5, and utilities and rails showed mixed moves amid ongoing market uncertainty.
Indianapolis Water Company reports 1927 expenditures totaling 648000 with 312009 spent on distribution extensions to support city growth. Twenty one and a half miles of pipe added bringing total to 589.5 miles as meters and fire mains upgraded.
Indianapolis bank clearings totaled 3,335,000 with debts at 7,236,000. New York stock market figures show clearings at 1,241,000,000 and a clearing balance of 129,000,000. Foreign exchange opened irregular with sterling at 8715-16, francs at 3.93, lira 8.27, marks 23.88. Treasury balance on Dec 27 stood at 282,849,414.46 with customs receipts for the month to Dec 27 at 37,150,171.06.
The year ends with rail reports confirming weak trade conditions while steel trade shows promise for 1929. Price cuts spark a low iced motor car price war though profits may suffer if rivalry drives industry into losses. Higher rates prompt some selling as markets edge toward irregular action. buyers should take profits if January demand revives activity.
In New York trading the market shows selling at 20 cents amid broad demand. Analysts expect prices to stay near that level for a while and suggest sales around 19.90 for May cotton. Opening quotes list January 19.52, March 19.60, May 19.71, July 19.60, October 19.03 with minor changes.
In New York Sugar futures opened lower, with January liquidation weighing on prices. No fresh news supports a firming trend, as traders await possible remarks from Senator Tarafa before he departs for Washington. Markets show steadiness beneath the surface despite active contract activity.
A brief item notes a local trade situation where elevators charge or offer at a $1.20 rate for processing or delivery. Details are limited but indicate a standardized pricing or fee structure affecting regional commerce.
John G. Brown of Monon emerges as a possible Republican nominee for governor after a Producers Association meeting. His bid rests on farm organization work and his record as a dry Indiana legislator in 1909 and 1911.
Funeral services will be held in Cincinnati Ohio with burial in Dillsboro Indiana for Phoebe Knowles 78 of 85 N Holmes Ave She died at her sister Mrs A J Baus home in Cincinnati Tuesday evening Survivors include her son Dr Walter Lee Knowles who lived with her here and a grandson John R Knowles
Shanghai December 29 Foreign Minister C C Wu and Finance Minister Sun Fo of the Nationalist government resigned their posts on Wednesday. Official announcement says their successors have not been appointed.
United Press reports fluctuating cattle hog and sheep receipts in Chicago Cincinnati Louisville Buffalo Pittsburgh Cleveland Toledo East St Louis and other markets on December 29. Cattle and hog prices show mixed gains with steers and fat cows firm or higher, lambs easing slightly, and regional demand varying. Bulk lots and top weights command strongest prices as dealers adjust to market shifts.
Market notes from Cleveland New York and Chicago list Butter prices by grade including extra, firsts and packing stock. Cheese quoted for American loaf pimento loaf Swiss and others with firm to steady tones. Poultry prices vary by type and region along with potatoes and other commodities and futures.
At a dinner in the Athenaeum President Fred L. Palmer announced the Indianapolis Home Builders Association committees. Names include Model Home chairman A H M Graves with Harvey E Rogers and Ralph S Brydon. Membership chairman Everett J Holloway with Harry G Templeton and others. Advertising chairman Frank A Throop with Roy Moore and Dan W Le Gore. Publicity chairman J F Cantwell with Frank F Wooling and Clyde E Pike. Finance chairman Fred T Reed with E L Cothrell and R H Shelhorn. Ways and Means chairman William L Bridges with Milton M Miller and others. Social Affairs chairman Walter M Evans with Jesse L Holloway. Better Methods and Ethics chairman C B Durham with Ora C Pierson. Legal: Everett M Schofield. Materials and Markets chairman J Harry Miles with Frederick P Mertz and William Low Rice.
Two Indianapolis women Mrs. Joshua Levering Evans and Mrs. William Pierce win $20 honorable mention prizes in the Woodrow Wilson Foundation essay contest. Judges pass over first and second prize awards as no worthy essays were received. Ten thousand essays submitted. Jacob Warren Beck of Richmond also honored.
London December 29 Hundreds of travelers waited on both shores as a six day gale crippled Channel shipping. Dover outgoing ships canceled schedules and Southern Railway withdrew two steamers due to storm damage. Food shortages threatened semi isolated towns while the Isle of Wight faced a blizzard. Severe frosts slowed snow clearance across England.
Alexander Maitland aged 23 and his 14 year old brother in law Robert Case disappeared after duck hunting Monday morning. After seventy two hours searchers from hundreds of friends Boy Scouts coast guardsmen combed swamps marshes and Lake Michigan waters. Maitland's father mother traveled from Negaunee Michigan to help. The elder Maitland is a wealthy mining man.
A compiled list shows pairs with ages and residences including Bote Ferree 27 bookkeeper of 1603 Central and Frances Row 22 musician of 804 Colene, plus George Smith 23 Urbana graduate student with Eugenia Brooks 23 4910 Park, and others like Albert Hartman 24 civil engineer and Anna Gressel 20 1134 N Rural, William Jester 26 conductor and Nancy Williams 19 1411 S Ilmois, Earl Good 35 foreman and Inez Kruse 30 824 N Delaware, Paul Baker 34 contractor and Mildred Orrell 27 1123 Oliver, plus several couples unnamed or partially listed in streets such as 2326 Ken Gferbert and Mary Dwyer 940 N Keal, Philip and Laine Stseets 615 E Merrill, Clarence and Esther Kingston 926 Brad Albert and Isadora Kemp 1649 Tabor, and Herry and Juanita Jervis 2115 Fernway.
Death notices show Earl Gorham age 1 month of 635 E Market due to broncho pneumonia. Sarah Jane Flannegan 86 of 611 Warren with lobar pneumonia. James Percell 71 of 218 Bergille with cerebral apoplexy. Easter Jackson 65 of 207 Roanoke with acute broncho pneumonia. Patrick E Griswold 74 at Central Indians Hospital with mural eye. Thaddeus Reed 935 Beliefon taine with pulmonary tuberculosis. Silas P Engle 85 of 2440 Station with hypo static auldy Pings eonida Lindsley 58 at 646 Agnes with arterio notn. McCullough 35 at Coleman Hospital. toxemia Thomas C White 85 at Methodist Hospital. Ag pneumoni bertson 60 of 1026 S Talbott with myocarditis. Elizabeth Jones 65 of 232 W Empire with arteriosclerosis.
University Place Christian Church adds a Fortieth and Captains corner addition. Southeast corner work includes furnace at 2646 Stanley for $215. Frank Mueller repairs at 912 E Raymond. Berhard Toeppe repairs 1639 Spann. T Clifton reroof 605 607 River. F W Heidenreich reroof 842 Greer. Castle Hall elevator repair 221 E Ohio. Adaline Hugo reroof 544 546 S West. Barrett reroof 2234 Central. T H McTarsney furnace 1722 Kessler seis Fount furnace 39 W Thirty Second.
Dr. B A Abbott of the Christian Evangelist in St Louis urged ministers to maintain faith as a key to success during the Indiana Christian Ministerial Association session at Third Christian Church in Indianapolis. Rev William Omer Foster of Angola Indiana pressed youth must be taught to think clearly. J A Long will stay as temporary secretary after W E M Hackelman’s death.
Reported thefts list multiple vehicles stolen to police. Owners include Ella Osile 807 E Thirty Fourth Auburn 538 576 from Meridian and Ohio Streets Delbert Gettings 918 S Senate Ave Chevrolet from Maryland and Illinois Streets Virgie McCarty 1026 N Beville Ave Chevrolet from New York and Pennsylvania Streets C J Perry 2041 Koehne St Chevrolet from Edmont Avenue and Harding Street Earl Shirley 3030 Station St Overland 517 570 from 535 N Capitol Ave
Police report vehicles found include a Ford owned by William J. Arterburn of 418 Park Way Ave Ford at South and Clifford Jordan 3521 Station St Ford. a Shelbyville Buick at Madison Ave and Prospect St. another at Olney and Twenty-Fifth Sts.
United Press reports at Meradley Beach New Jersey on December 29 a bid difference of one cent allowed Thomas Proctor and Son to secure a 15000 dollar bulkhead construction contract.
Eight people sustained injuries in traffic accidents late Wednesday due to slick road conditions. Among the injured are Mary Ellen Dunn, 17, and Fannie Solt, 16, treated at city hospital after a collision with Russell Graves, 19, with passengers Deimar Barker and Marie De Latore slightly hurt. Frank Edwards, 70, a street railway employee, was struck by Homer Phillips, with other victims including Charles Hendricks, 59, Charles Imhausen, 37, and Clifford Hughes, 302 N Belle Vue Pl, all reported injured.
New Year's Day open house at the Y M C A features a full program from 9 a m with games, tournaments, bowling, and a concert by the Indianapolis Community Orchestra. Afternoon activities include swimming and a lobby entertainment, followed by an evening program with the Big Meeting Orchestra, a cinema feature, and athletic events in the gym. A turkey dinner completes the day.
Influenced by an Attorney General view the Public Service Commission has the right to act on city bond requests for municipal light plant equipment. John J. Brown of the State Tax Board says the issue should go to the Public Service Commission, beyond the Tax Board’s jurisdiction. Huntington factions clash over enlarging the plant to block private rivals. Brown is accused of advising Huntington officials it would be cheaper to buy power from In sull than to improve the plant.
Two men robbed on city streets at night. one victim on Massachusetts Avenue reported losing 25 dollars, another on W Clark and Belle View Place said 46 dollars were taken. Police noted the overall loss totaled 71 dollars.
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