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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 02, 1924
Page
3
Daily stock letter notes market rests with no change in outlook despite a prevailing declining trend. Favorable factors are ample money and moderate inventories, while political unease and only occasional rallies temper activity in early June. International names show mixed moves with Royal Dutch at 51% and several rail and industrial issues listed with minor gains and losses.
Chicago June 2 Wheat broke sharply dragging corn oats and other grains lower at the Board of Trade. Declines followed free selling by leading holders and weak demand despite favorable Kansas Nebraska and central crop news. Provisions stayed firm to close higher as southern demand improved.
Chicago prices show wheat at 1.05 to 1.09 for No. 2 hard and various No. 3 and No. 2 yellow corn bids. Toledo reports wheat at 1.08 to 1.09 and corn at 0.80 to 0.88, with rye oats barley and seed prices listed for immediate and future delivery.
Chicago grain figures show wheat and corn trading with July and December contracts, alongside oats, lard and ribs levels. Indiana stock listings include bonds and utilities, with local hog cattle and sheep market prices noted, prices and receipts at Indianapolis yards.
Indiana ranked high in export meat shipments in early 1924 with direct foreign deliveries of 12 million pounds of hams and shoulders 11 million pounds of bacon and 19 million pounds of lard worth about 6.5 million dollars according to new Commerce Department statistics. Dr Julius Klein notes the figures show the international importance of Indiana packing industry and suggests total exports may be even higher if all shipments are traced.
Gasoline prices listed per gallon include Energee 22c Purol 18.2c Red Crown 18.2c Diamond 18.2c Crystal Pep 2bc Target 18.3c Silver Flash 23c Standolind aviation 23c. Kerosene Crystaline 12.7c Moore Light 15.5c Arcite Perfection 12.7c Solvent 35c Li Power Cleaners 22.5c Standaliers 23.5c.
The Indianapolis bank clearings report shows a banking day with totals and figures for Monday. Details on the amount cleared and exact sums are noted but not fully specified in the fragment.
Moody's Review notes bonds remain firm with special strength in Liberty Bonds. Investors await nominating conventions and tax legislation, keeping demand healthy but selective. To match prewar yields taxable bonds must offer about a half point higher gross yield, with further price rises likely before October.
Frank Lentz of 128 N East St faces a driving while intoxicated charge after a crash with Dennis Sullivan of 722 Roach St in the 700 block of N Capitol Ave. A man and woman in Lentz’s car were also charged with intoxication.
Cattle receipts slow at Chicago with beef steers held above 11, fat cattle unevenly lower. hogs active with varied weights. Cincinnati, East Buffalo, and Kansas City report mixed gains and losses across cattle, hogs, and sheep, with top hogs near 7.90 and lambs around 14 to 17 dollars, while calves and sows show uneven trends.
Federal Judge A B Anderson set the Hawkins Mortgage Company conspiracy case for October 1. A special judge to try the case has not been designated, following a recent continuance granted by Judge Anderson.
The June Trade Trends report from Fletcher American Bank notes a mid year slowdown as 1924 shows a modest recession. Industrial output and employment decline while prices weaken and early year gains fade. Domestic demand, over expansion, prompts output curtailment to restore balance. steel shoes hides show slight steadiness, and optimism rises on Europe prospects and a strong credit case.
On May 24 refiners including American and Franklin set credits around 6.0c for bulk sugar bags and others followed. By May 26 bids moved to 6.90c and then 6.80c as Atkins and others matched declines. By Wednesday a 6.7c level persisted with little trading, though warmer weather boosts consumption and restocking as stocks run low for years.
Markets report mixed egg and poultry prices with grinding notes from Chicago Cleveland and New York. Butter, cheese and potato prices vary by grade and region, with live fowls ducks geese and turkeys listed alongside beef and dairy figures.
Police search for suspects after thieves ransacked the residence of E. H. Neumeyer at 3458 Fall Creek Blvd while the family was away. A neighbor reported a side door left ajar and relatives are checking the home.
Washington dispatch describes Buenos Aires use of forty rat-terriers organized into five battalions to patrol the harbor fronts. The dogs work eight hours daily, from 7 a.m. to 11 a.m., with a two hour rest, lunch, and a 1 p.m. return to duty, killing over 100,000 rats yearly.
A list of birth announcements shows numerous families welcomed girls and boys at city hospitals including St Vincent's and Methodist. Names span Glenn and Gertrude Tice to Charles and Dolly Grothe with addresses on Le erande en Ral ston and 1235 King.
A compiled deaths notice lists numerous individuals with ages and causes of death. Entries include Harrison McDowell 39 anastoiditis at city hospital, Elvis 54 acute cardiac dilatation, Esther Pollock 45 chronic myocarditis at Methodist hospital, and James Walker 38 lobar pneumonia on Indiana Street, among many others with varied illnesses and home addresses.
Indiana G A R headquarters staff will leave Tuesday at 11 45 a m by train over the Pennsylvania to Frankfort for the state encampment June 3 5. Albert J Ball department commander announced G A R and auxiliary members may ride the train.
The article notes State's Attorney Crowe's pledge to seek the death penalty for Leopold and Loeb, framing the case as millions versus the law. It details taunting from Leopold about Loeb's weaknesses, Loeb's dream of a future, and the emotional impact on the Franks family and the parents, withLoeb related to Franks and the coroner's inquest ongoing.
United Press interview with Dr. Dean R. Bramhill argues that excessive formal education bred moral feebleness in Nathan Leopold Jr. and Richard Loeb. He says wealth and culture fostered intense mental training and a craving for a new thrill, which drove the kidnapping and murder.
Governor Emmett F. Branch spoke at an Indianapolis luncheon, criticizing the current primary system as not reflecting the people’s wishes. He argued minority candidates are often chosen, pardons and paroles are granted too easily, and he called on the public to engage more with state government and elections. He noted he may grant some paroles but remains generally hard nosed.
Milwaukee June 2 Fundamentalists were urged to remain until the convention closes by the Rev John M Dean Pasadena California who claimed victory for fundamentalists in the conflict with modernists and warned against a railroaded resolution aimed at undoing earlier tele resolutions.
Two inmates Minnie Wilkie 21 of East Chicago and Thelma Clark 23 of Indianapolis attempted to flee during recreation but were chased and recaptured by guards. Wilkie is serving two to fourteen years for forgery while Clark faces one to fourteen years for grand larceny after sentencing. They reportedly sealed the New York Street prison fence during the escape attempt.
Deputy clerk Thomas Carter of the State printing board is confined to a Terre Haute hotel after an automobile accident while returning from Sullivan Indiana. The car he rode in rolled over near Terre Haute Friday, injuring him and preventing his departure.
Washington Bureau reports say California tourism remains strong despite foot and mouth disease. Officials note 70 000 auto tourists and numerous seaside travelers, with safeguards and limited outbreak in 15 of 58 counties. No human infection recorded. travel and interstate movement deemed safe.
Theodore Potter Fresh Air School will hold graduation exercises Tuesday at 2 30 p m. Principal Mrs Jeannette Williams announced the nine graduates Bonita Worley Elsie Johnson Ruth Cook Dorothy Prasch Nellie Andrews Ella Pedlow Paul Higgs Robert Barckdall Thomas Stites Diplomas will be presented by Miss Anna Sprochausen of Technical High School The mothers of children at the school will hold open house June 5 from 830 a m to 5 p m for all city school mothers
Five Marion Superior Court judges sustain demurrer in Spring Valley Coal Co of Linton Indiana suit seeking $850 refund. Company contends coal tax law set by the now abolished state coal commission, charging $25 for operating and one cent per ton, is unconstitutional. About $200,000 collected. court rules law constitutional. Plaintiff refused to plead over and seeks Supreme Court appeal.
The Harris case from Knox Indiana charged with conspiracy to violate the national motor vehicle theft act was dismissed by Judge A B Anderson in Federal Court. Other Knox defendants Everett Clifton William Perry George Robbins and Homer Short were named as involved. U S Attorney Homer Elliott cited inability to locate principal witnesses.
Stewart Glenn of 945 N Tremont St was fined 150 dollars and costs and sentenced to 60 days on Indiana State Farm for operating a blind tiger. It was his second conviction, according to City Judge Pro Tem Vinson Manifold.
A petition to pave Sherman I from Thirty-Eighth Street to Millerville Road a distance of one and a half miles was heard by county commissioners today. Viewers will be appointed soon. County council last week refused $900,000 to pave five a.
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