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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jul 01, 1926
Page
5
Democrat Clarence Ragsdale of Moberly Mo declares he will fund his campaign by selling copies of his speech Our Freedom for 10 cents each. Boys and girls will receive 244 cents for selling them and if elected he pledges to donate 2500 dollars to educational purposes in his district.
Investment of about 500 million dollars from July dividends and interest disbursements fueled a broad stock market rally led by first-class industrials and rail shares. Call money eased to 4 percent, lifting sentiment as United States Steel and General Motors faced profit taking before rebounding late. Montgomery Ward and Woolworth posted gains on strong June sales, while high grade rails like L and N rose to 135 percent.
Banks and Exchange July 1 report shows local clearings at $5.97 million with debits around 33.383. Foreign exchange figures include francs at 12.72 cents, lire at 3.59 cents, marks at 23.80 cents, and other rates. New York statement data appears with client trade and pricing notes.
Price list shows wholesale and retail figures for fruits and vegetables with several entries for bananas melons oranges grapes berries and potatoes. Regional origins include California Jamaica Georgia Indiana and Louisiana with prices per crate basket dozen and cwt. noted alongside unit descriptions.
City Engineer George Schmidt reported a twelve inch drop in a pier of the College Ave bridge over Fall Creek. The railing and sidewalks are slightly misaligned but the defect is not serious and will be repaired soon. Built in 1905, the bridge carries the College Ave line of the Indianapolis Street Railway Company.
A proposed ordinance would abolish free dogs from adoption and set a one dollar fee per dog to bolster city finances. Dr Elizabeth Conger leads the measure as part of the cost of living bill adjustments.
Wheat and corn surged on the Chicago Board of Trade with July wheat at 134 1/2 cents, up 2 1/2 cents, and other positions higher. Oats posted fractional gains while cash prices climbed. 3 million bushels of July deliveries pressured oats. Provisions closed higher on strong hogs market and large lard deliveries.
CHICAGO July 1 receipts show wheat 4,588,000 and corn 387,000. oats 210,000. rye 9,000. Grain prices include No 1 red wheat 1.38, No 2 yellow 73c, No 1 hard 1.41, corn July up 1 percentage point. oats 70c. Declines or increases noted for futures through September and December contracts.
In the Sugar Market by Thomson and McKinnon a new trend shows rotation and advancing prices with activity shaping the outlook. Heavy involvement suggests the market is aligning toward a sale, with speculation on price effects and demand.
A brief Cotton Market note indicates activity at the plant level with mentions of trade in staple fibers. The report lists opinions on future price movement and notes limited buyers amid steady supply. Strong entities include local plant operators and market observers, with no explicit dates.
United Press reports the 1926 U S wheat crop totals 522.5 million bushels, up from 393.5 million in 1925. Kansas Oklahoma Nebraska combined 244 million, Missouri forecast at 15 million, with yields in key districts from 18 to 35 bushels per acre and a new Kansas central region record.
Wholesale creamery butter and poultry prices listed for Cleveland with July values. New York markets show flour, pork, lard, meat, cheese, and egg quotes with state and eastern city figures. Chicago reports butter receipts and fowl prices. general agricultural commodities and regional variations noted.
Robbers struck Barabee Wisconsin for the second time in three months blowing the vault at the postoffice on Wednesday night and escaping with thirty thousand dollars in stamps according to police reports.
Atlantic City J July 1 Dan Gore of Springfield Massachusetts and Willis Harper of Beyier Kentucky reach the finals of the marble championship tournament. They will contest the title Friday in the finals, with both players advancing after semifinal round play.
The hog market rose 35 cents today at the Indianapolis Livestock Exchange with light weight hogs at a top price of 15.25 and the bulk around 14.35. Receipts were about 6,500 hogs with 431 carried over. prices across weight ranges ranged from 14.10 to 15.25 while cattle and calf markets showed steady to slight gains and calves averaging 12.50 to 12.50 for most offerings.
Livestock prices and receipts across Chicago Toledo St. Louis and Pittsburgh markets show cattle and hogs with mixed results. Cattle receipts around 6 282 head with varying top bids for steer and cow categories. hogs reported at about 14 50 to 15 60 for heavy weights. lambs and sheep also noted with price ranges and notable regional listings.
The State Supreme Court upheld the Miami Circuit Court ruling requiring Erbin Township trustees in Miami County to finish a grade and high school project begun by predecessors. The case, Isaac Créss v. State, involved abandoned construction, with plans, site purchase, and bonds already secured.
United Press dispatch from Tokyo notes the press announces the start of a significant campaign for another naval disarmament conference to be held in either Tokyo or Washington, signaling renewed diplomatic effort amid postwar tensions.
Kansas City July 1 United Press Hatless coatless breathless Bailey suburbanite rushed to police with two pasteboard boxes saying My God take these Police found fifty dynamite caps in the boxes Bailey explained his son 20 years old found the boxes on a highway six months ago and put them under the rear seat of the car Bailey had ridden on top of the stuff for six months adding a Whew.
Details unfold in court as Keeney and associates face bribery accusations. Prosecutors allege police involvement in framing Keeney, with witnesses including Marie Jordan and Anna Fisher testifying. Defense challenges Envelope findings and police conduct. Raw proceedings note arraignment slated before US Commissioner Young.
In municipal court today judgment was suspended for Mrs. Anna Trauner of 753 Haugh Sr. She received a $100 fine and a three months sentence on a liquor charge. Trauner is a widow with five children.
From Sofia, Bulgaria, police report a government plot uncovered and the seizure of two members of Parliament. The July 1 dispatch notes wholesale arrests as authorities clamp down on alleged conspirators.
Senator Neely of West Virginia blasted the Pennsylvania primary campaign fund probe as corruption at its worst, while Philadelphia officials denied charges of inducements. The Senate committee heard testimony about Vare’s alleged influence and financial nets to back a prohibition referendum, with hearings slated to resume in Chicago after winding up in Philadelphia.
Indianapolis life underwriters open the session by drafting statewide licensing standards for agents. Officers outlined a major bill to raise qualification requirements for state licenses while meetings featured Mansur B. Oakes receiving a tribute portfolio from 14 national executives for his educational work. Speakers included State Insurance Commissioner Mc Murray Frank I. Jones and Hugh D. Hart.
Frank Mundy of West Newton was sentenced to ten days in municipal jail and fined $10 for driving under the influence, plus $25 for driving without proper lights. State Policeman Charles Bridges testified Mundy swayed across the road during the arrest.
William Stainbank aged 24 and his 22 year old wife were arrested in Logansport Indiana early today over a Sunday night robbery at the Golden Rule department store. Stainbank had been employed as the store manager.
In Chicago on July 1 three alleged members of a large alcohol ring linked to 115 people indicted in Cleveland last winter were arrested today, signaling ongoing efforts to dismantle the operation.
Heavy storms sweep Chile with rivers and canals overflowing. Telegraph and train services halted as widespread disruptions hit Santiago and other regions. The weather worsened throughout the day, impacting travel and public utilities.
Ft Wayne petitions the public service commission for authority to borrow 78 000 from the water plant depreciation fund to finance improvements and extensions at the water plant.
William Nortman reports two young white men robbed him of 14 dollars at an alley entrance in the 2200 block EB Tenth Street. Patrolman John Roman, found in an auto nearby, says no one appeared near the alley and Nortman’s account is questioned. Nortman is a Yellow Cab mechanic. Local police investigated the scene at 12:40 a.m. Nortman maintained his story despite questions.
Padua Italy July 1 Six earthquakes three of them vigorous registered by the university observatory today Thousands homeless in Sumatra by quake Samarangan Java July 1 Thousands homeless after Tuesday quake destroying two towns causing many deaths Death toll estimated at 117 Medical and military aid dispatched to quake centers Towns Padang and Pandjang destroyed Rail traffic disrupted
A slight earthquake tremor in Crete caused temporary panic on the Island, felt in Candia. Severe weather followed from Salonica with reports of considerable property damage and no casualties.
An executive meeting of the State board of agriculture decided that American Legion Day will be the outstanding day of events at the Indiana State fair.
Birth notices include Joseph and Cordeifs Wilmer and Mary Blackburn at St. Vincent. Albert and Gladys Sigmund. Firman and Mary Enachel. Onal and Leona Elliott. Hos and Mary Shackleford. Gartland and Elsie Pauley at St. Vincent. Deaths list Kaus Tym Tyner 53, 1245 W Ray. August Werner 82, 529 Woeghorst. Archibald Aji, Julia Patrick 70, Mary Eleanor Madison 65. other names with addresses appear.
Two former Indianapolis Street Railway employees refused reinstatement and would not sign the current contract. The commission heard their petition for reinstatement and arbitration as 64 ex-employees sought readmission for alleged wartime activity with the Amalgamated Association.
Budget filed by council president Boyton J. Moore shows an 1927 city council budget rising from 6140 to 8940 with 1800 reserved for a legal counsel salary. An added 1000 for communication and transportation appears for 1927 after disputes over creating a dedicated attorney for the council.
The Post Office Department announced two bids for private operation of the air mail route from Cleveland Ohio to Louisville Kentucky via Akron Dayton and Cincinnati.
Mae Murray's latest husband David Divani a 27 year old self styled Prince of Georgia admitted today he was formerly a roustabout in the oil field. He disclosed the fact during Hollywood talks, shedding light on his background.
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