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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jul 07, 1930
Page
5
After a long weekend hogs showed strength at the city stockyards with prices about 25 cents higher. Bulk 160 to 300 pounds sold for 9.85 to 9.90, receipts around 6 500 and holdovers 121. Slaughter cattle and calves mixed, sheep and lambs little changed with lambs 9 to 10 dollars. Chicago hogs to 38 000 receipts, cattle 24 000 mamp.
New York Chicago and Cincinnati livestock trades show varied hog receipts and price changes with heavy weights up to 19 dollars for around 180 pounds. Cattle receipts list ranges for steers and heifers by weight, with prices from about 6.25 to 12.50 for different classes, and sheep markets described as steady to 10.50 for fat lambs.
Wheat fell 2 to 2.5 cents, corn down 7 to 8 cents, and oats about 1 cent lower as persistent pressure from heavy receipts, Kansas City weakness, and rising visible supply overshadowed the market. Provisions steady to weak amid tepid export activity and varied cash prices. Receipts at Kansas City and St. Louis reported, with conditions hot and rain scarce in many belts.
Primary receipts show wheat at 7 639 000 against 4 492 000, corn 1 175 000 vs 1 220 000, oats 372 000 vs 448 000. Grain close lists prices for wheat No 2 red around 90 91c, corn No 3 yellow 81 2 82 2c, oats No 2 white, rye No 2 5c, barley, clover and timothy hay values.
The report tracks poultry and meat pricing in Indianapolis and Cincinnati with varied rates. Hens and leghorn stock show prices from 14c to 21c per pound, while flour, pork, and cheese markets display firm to steady levels, including butter around 30 to 33c and various poultry weights and loads.
Ambassador Dwight W. Morrow, Republican nominee for U S senator from New Jersey, filed in the secretary of state's office campaign accounts showing expenditures of 49 571 54 dollars in the successful primary campaign.
The report shows Commercial National Bank and Trust earning $663,000 for six months ended June 30 equal to $9.47 a share on 70,000 shares. It notes Cables and Wireless, Ltd. net profit of £1,827,513 after expenses with £1,263,053 preferred dividends paid. Also listed are various earnings per share, dividends, deposits, and corporate actions including stock splits, with references to United Light and Power, Chase National Bank deposits above $2 billion, and measures from Treasury. The summary covers London Naval Treaty session note, Arthur Conan Doyle death, and United States coal and price index data.
Sixty five defendants arraigned before Criminal Judge James A. Collins awaiting plea entries and trial dates. Thirty remain jailed pending trial. Most pleaded not guilty. one defers arraignment until September. Charles Heid pleaded not guilty to murder in the shooting of his wife. Clarence Boyd seeks jury trial. his wife had confessed to forging sales contracts and is serving time.
Ernest M. Elliott and other officers of the Indianapolis Board of Trade will be installed at tonight's meeting in the Board of Trade building. Adolph Anspach Kokomo merchant filed a voluntary bankruptcy petition in federal court. liabilities at 121,289 and assets 97,337. A playful note compares fruits with unexpected names.
Dr John H Wood president Culver Stockton college Canton Missouri urged unity and modernization at a three day church board of education conference held at the Spink Arms. He said youth need idealism with Christian emphasis across institutions. Other speakers included Cloyd Goodnight Bethany college Vaughan Harlan California Christian college and Humbert Phillips University.
Bank clearings across cities show notable figures. Indianapolis reports totals around 4 million on July 7 and 9.1 million on July 5 with end-week debits near 46.4 million. Chicago reports clearings about 76.3 million with balances near 7 million. New York records July clearings at 723 million with clearing house balance around 141 million and federal reserve balance near 130 million.
The treasury announced the July 2 balance of 38,528,491.60 with expenditures of 1,570.61 and customs receipts of 1,211,283.35.
A series of household pairs are listed with street addresses including 513 Smith Lane 1659 Park 1713 Alvord 1326 East Tenth 1235 Harland 1913 University 1823 Thalman Taylor and Adah Johnson at Methodist Hospital 2829 Chester 2810 North Dearborn 141 Toronto. Names include Minerdo Nuner Martin Ritter Shumard Lockhart Toliver Lemons Cook Webb Shadday Lyons Mathews.
A roster of deaths and illnesses lists Mose Ladaskey 60 from Union Street with uremia, Sprague 89 with uremia, George W. Davis 75 of North Olney with chronic myocarditis, and several others including tetanus at Riley hospital, accidental injuries, acute cardiac dilatation, abdominal tumor, arterio sclerosis, peritonitis, angina, carcinoma and related conditions among residents such as Thomas Owens 5 at Riley hospital and Jane B Gray 69 on Yandes Street.
United States Steel touched 154% and Gillette Safety Razor 60 as early lows. Du Pont 98 and Safeway Stores 74% fell, while General Motors dipped below 39 before recovering to 39% amid a broad market slide and firmer call money. Rails held steady with some gains for Eastman Kodak. coppers, utilities and oils eased.
At Toledo on July 7, hog receipts 250 with heavies 9.00 to 9.50 and mediums 9.75 to 9.85, yorkers 9.25 to 9.50, pigs 9.50 to 9.75. Cattle light and calves steady to strong, sheep light steady, cash Clover opening 13.10 with prime choices 13.40 and futures around 13 to 14.10 for Oct and Dec.
Edward Tobin aged 18 of 1139 North Beville Avenue died in city hospital Sunday night from spinal meningitis. He is the 132nd death attributed to the epidemic that began last December 9.
Iron Fireman Manufacturing of Portland reports 1930 first half gains of 27 percent over 1929 and 84 percent over 1928 based on shipments and June 30 orders. A new Cleveland plant doubled capacity, a Portland night shift remains to meet orders, May saw new models, and production begins on an automatic anthracite burner that ejects ashes into a dust proof container.
Police are asked to locate William Larton of Princeton Indiana and William Rogers a newsstand operator after the deaths of their relatives. Larton’s brother died in Princeton while Rogers’s father George Rogers died in Springfield Illinois Sunday. Separate item notes Berlin has twelve streets named after the ex Kaiser.
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