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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jul 13, 1929
Page
5
U S Steel climbs to a new peak amid a broad stock market surge. The average of twenty industrials finishes at 243.04, down 24 points, while rails average 160.74 with no change. Forty bonds rise to 3.48, up 2.23.
The American Furniture Mart opening drew brisk activity in Chicago over the first three days. Indianapolis executives including Ralph D. Morris and H. T. Griffith are cited among early movers.
A Canadian wheat pool report confirms heavy prairie damage from ten days of rains fueling sharp gains in futures. Kansas forecasts crop loss, oats rise, corn softens, and hogs gain as weather improves harvest prospects amid Argentine and London market influences.
Chicago market table lists cash grain close with Wheat prices across No. 1 hard to No. 4 white and corn, oats, rye values. Toledo figures show cash grain close and domestic prices for barley and clover, Timothy, butter, eggs, and hay. July 12 notes primary receipts for Wheat, corn, and oats with compares to prior totals.
Hogs opened about 30 cents higher with 160 to 280 pound hogs selling $11.95 to $12.40 and 19,000 Chicago hogs bidding higher. Receipts today 7,500 in Indianapolis with 716 holdovers. Cattle and sheep receipts noted. fat lambs 13 to 14.50 and ewes 4.50 to 6.50. Pork and beef price ranges listed for multiple weight classes and meat types.
A detailed list of afternoon and evening radio programs across NBC CBS and local stations including pianists orchestras and symphonies. Highlights include Gold Spot Pals Enna Jettick dance Henry Thies orchestra and Columbia Network presenting various concerts and talks.
NBC will start seven new program series the week of July 14 to 20. Here We Are showcases Joe Green and his orchestra in the Temple Hour Saturday at 7:30 PM on CBS. The Cavalcade features a colorful parade of radio troopers in a NBC March Saturday at 6 PM.
President Hoover will ask the federal farm board at its first meeting to address a wheat surplus so large elevators are overflowing and foreign markets are hard to find. Briggs says last year's carryover and this year’s crop create a potential 1.1 billion bushels to dispose of, with 350 million exportable surplus.
U S Steel hits record territory at 203 while General Motors falls to a new low near 70. Bethlehem Steel and Youngstown Sheet and Tube hit postwar highs as many issues surge. Pan-American gains on exchange talk. profit-taking grows but heavy buying persists from Pacific coast investors.
Indianapolis bank clearings Friday show 24 709 000 with 8 211 000 debits. Chicago clearings total 300 000 and balances 8 300 000. New York clearings reach 1 479 000 000 with a clearing house balance of 171 000 000 and federal reserve credit balance 162 000 000. Treasury net balance stands at 265 919 095 24 with customs receipts to date 14 744 599 15.
In New York the foreign exchange market closed with mixed results. Sterling slipped to 4.84 percent, francs at 3.91, lire at 5.22, belgas 13.29, and marks 23.81 with minor changes noted across the board.
New York July 12. Under steel and utilities leadership and aided by a drop in the loan statement the market for recognized investment issues rose to new highs. Bankers acceptances fell to align with the rediscount rate while rumors of extra dividends from United States Steel and Bethlehem Steel added color. Weakness in oils and autos did not derail the trend, and signs of liquidation ending in lagging groups suggested improved demand ahead. The outlook remains broadly bullish with potential minor technical pullbacks.
New York July 12 The cotton market showed limited activity but prices were generally higher than yesterday's close. Central and western Europe likely absorbed most contracts while local traders pulled back. Weather in Texas raises rain hopes and the market remains volatile, with buyers cautious on reactions and crop scare risks.
The report lists cash grain bids and inspections with prices for wheat corn and oats. It notes No 2 red and No 2 white wheat prices, No 2 yellow and mixed corn bids, and steady hay values with timothy listings.
The report lists wholesale prices for butter, butterfat, and cheese with details from No 1 and No 2 lots, plus fresh delivery terms in Indianapolis. Poultry prices cover fowls leg horns broilers leghorns ducks turkeys and roosters with weights and size notes, and live poultry markets show steady to firm prices across regions. Also included are eggs potatoes corn and beef/pork market figures and a brief New York and Chicago market update.
Building permits issued for multiple structures including garages porches and dwellings. Notable entries include 301 North Holmes West Atherton reroofing 5060 Pleasant Man Boulevard 325 dollars 1424 Nordyke 5200 for a pane garage 2135 Boulevard Ace E Irwin garage 650 Alton 200 Hale porch repair 22 West Fortieth C Hoerger dwelling and garage 1420 Lowe Price Construction Co 264 Central 400 Co Chastine Erie and garage 1156 North Tibbs 3700 dollars.
The city health board secretary Dr. Herman G. Morgan announced bids for a new hospital power plant unit will be received on August 1. The project is part of a 2,000,000 improvement plan for City Hospital financed by 530,000 in bonds.
United Areas reports brisk hog and cattle receipts in Chicago Louisville Pittsburgh East Buffalo Toledo and more with mixed prices. Hogs top around 12.40 per 100 pounds while cattle ranges from about 9.50 to mid-teens for various grades and weights. sheep show activity with fat lambs near 18.50.
The readable text is fragmentary and lacks coherent context or identifiable entities. No clear event, names, or organizations are present to form a factual summary card.
6 00 WEAF NBC Cavalcade. 6 45 WJZ NBC Goldman band. 7 00 WUJR Detroit NBC Detroit Symphony Orchestra. WEAF NBC Nathaniel Shilkret orchestra. 8 00 WEAF NBC B A Rolfe dance music. marine program on General Electric Hour WGY NBC 7 oclock. Nathaniel Shildkret conducts with male chorus. I Gotta Have You by Mac and Lennie is Nickel Cinco-Paters on CBS Columbia broadcasts Saturday night 6 oclock.
Indianapolis WFBM and WKBF present a full day of programs from 7:00 am to 3:30 pm. Morning blocks include Pep Unlimited Club, organ recitals, Aunt Sammy, and Fuller Ryde. Afternoon features CBS prints, agricultural talks, market reports, and varied music acts.
Indiana Association bulletin notes CBS broadcast at 5 00 P M with musical vesper program featuring guest artists and local stations listing schedule and times.
Obituary list shows Roger M. Bolin 74 of 857 North Oakland arteriosclerosis. Martha Ellen Sheridan 41 of 1402 Albany tuberculosis. Ruby Talley 24 of city hospital hypostatic pneumonia. Mary Alice Richardson 50 of Methodist hospital chronic nephritis. William Slack 2 of 236 North Rural obstruction of bowels. Elizabeth Hauk 88 of 2212 Broadway carcinoma. Ernest Spight 25 of 535 Agnes pulmonary John Robert Pitts 1 hr 32343 North Illinois premature birth. John Bradshaw Dittrich 10 days St Vincent's hospital intestinal obstruction. George McHaffie 64 of 1238 West Thirty first cerebral hemorrhage. Annie Haywood 81 of 311 North Bancroft cerebral hemorrhage. James Murdock 36 of St Vincent's hospital pulmonary tuberculosis. James A McGrevey 75 of 624 Congress chronic myocarditis. Edward H Grice 36 city hospital accident. Alwine Quebe 45 Coleman hospital nephritis welda Virginia Collens 20 433 North Chester pulmonary tuberculosis.
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