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Newspaper

Indianapolis Times

Location

Indianapolis, Indiana, United States of America

Date

Jun 04, 1928

Page

4

Stock market advances cling to gains amid mixed trading

United Press reports Saturday’s late rally carried into early Monday trading on the New York Stock Exchange. General Motors advanced to 202 up 2, Allied Chemical hit a new peak at 174 1 4, Advance Rumley rose to 45 1 2, Anaconda to 74 1 4, Briggs Manufacturing up 4 1 2, and Reo at 32. Prices retreated from highs as profits were taken and money conditions remained firm yet uneven.

United Press New York The Stock Exchange General Motors Allied Chemical Advance Rumley Anaconda Briggs Manufacturing Reo International Harvester Case International Combustion Eaton Ax's Missouri Pacific Dupont United States Steel Atchison Dl Coast Line East Ohio Co Sa & Ohio N West West del Hudson del Erie & Ne A Erie Ill Centra Lehigha Valley Ntral Nor Pacific Norfolk & Wesles Pennsylva Perre Marquetia Southern Ay St Paul Ssl&s Texas Ay Pac Union Pacific Ee Arvinnd Aes Wabash Wee Fisk Goodrich Am Locomotive Am Steel Fd Baldwin Tee Teels Bethlehem Colorado Fee One Eee Ee Gulf States Sti. Crucible Nand Stee Otis Steel Rep Iron & Stl Sloss-She Stee Youngstown Tee Vanaum Corp Strombert Cart Timken Willys-Overland Amn Smith & Rigees Cerro Calumet & Ariz Chile Greene Kennecott Magma Miami Freeport-Texas le Houston Oil Nee Indo Oil Marian Phillips Eee Union of Cal Ur Sabe Royal Dutch Simms Petro Sinclair Oilelly O. Wee Texas Corpore Allis Chalmers Armour Amerian Hide Lea Curtis Wee Contl Can Certaintech Nee Congoleum Va Davison Chem Aee Famous Players Harves Lambert Kelvinator WS Wee Bie Ee Montgom Ward Pittsbur’ Goal Owens Ee Ee One R4adio Corp Real West Union Tel Austin R Big Tbs California Cuban Am Sur Fleischman Co Natl Biscuit

Foreign Exchange Opener Prices Edge Down in New York

Foreign exchange opener in New York quotes Sterling at 87 15 16, francs at 0.93 3/100, lira at 65.26, belga at 13.95, marks at 23.92 with slight declines. Markets absorb early demand and adjust thinly.

United Press NEW York Sc Eaulart Deman Sterling Belga

Stock Market Confident Yet Questioning Foundations

In New York the market shows confidence but experts doubt the strength of the underlying money foundations. Tight money, gold outflow, and Federal Reserve pressure raise risk. some traders expect cheaper money, while others urge liquidation on rising prices despite bullish sentiment.

United Press New York Federal Reserve Bank

Sugar Market Forecast Signals Muted Buying as Insects Rise

New York report June 4 forecasts a showery week with pest growth and limited selling. Trading remains cautious with profits tied to breaks as general business activity must improve for sustained gains. Futures open higher with July around 20.82 and other contracts advancing modestly.

Thomson & McKinnon New York United Press Catan Besa

Cotton Market Holds for Higher Prices on Demand

In New York on June 4 the cotton market noted improved demand from consumers as a key factor for advance. Holders’ refusal to lower prices is seen as aiding potential gains if consumer demand arrives, rewarding patient operators. In Indiana a separate incident reports Daniel McKinney, 11, recovering after being accidentally shot in the right shoulder by his twin brother Robert while rat hunting in Thorncreek Township.

Thomson & McKinnon New York Columbia City Ind Daniel McKinney Robert Thorncreek Township

Mrs. Margaret L. Schuler Seeks Court Reporter Nomination

Mrs. Margaret L. Schuler, manager of the Indianapolis branch of E. W. Bradford patent law office, announces candidacy for Democratic nomination as reporter of the Supreme and Appellate Courts, with state convention upcoming. She has served as official court reporter for Clay Putnam and Hendricks counties and is a widow. Two others seek the nomination: Mrs. Charles W. Hack of Shelbyville and Charles K. Zollman of Jeffersonville.

Margaret L. Shuler Indianapolis E. W. Bradford Patent Law Office Hendricks County Schuler Clay Putnam Hendricks Sculer Charles W. Hack Shelbyville Charles K. Zollman Jeffersonville

Princeton 1916 Graduates Average Salary Report

A survey by Princeton graduate Donald M. Watt shows the class of 1916 earned an average salary of 5200 dollars per year in 1925. The finding reflects early 20th century job markets and alumni outcomes for Princeton University.

Princeton United Press N. J Donald M. Watt

Hogs Rise in Market at Union Stock Yards

Hogs advanced about 20 cents per hundredweight with 170 to 300 pound hogs selling mainly at 10.10 and some at 10.15. Receipts reached 5,500 with 370 holdovers. cattle remained strong, vealers higher, sheep and lambs steady. Prices across weights show 180 to 290 pound hogs at 9.80 to 9.85, midweights 10.10 to 10.15, and lights 9.65 to 10.10. packing sows 8.25 to 9.50.

Union Stock Yards Chicago

East Buffalo Livestock Market Report Shows Hogs Beef Prices

United Press notes Cleveland market results with hog receipts to 3 700 and mixed gains 15 to 25 cents higher across weight classes. Cattle receipts 650 calves 950 with steers yearlings and beef cows improving and vealers at 14 50 to 17 50. Sheep and lambs steady with fat lambs 17 to 19, fat ewes 6 50 to 7 50.

Ava United Press Buffalo Conta Sears Idbo United Preas Cleveland

Markets Report Butter Eggs Poultry and Potatoes Prices

Leveland market notes show Butter tabulations with grade prices, Butterfat, and various cheese types. Fresh eggs and poultry prices list extras for heavies and leghorns, while potatoes include sack and barrel costs across Michigan Wisconsin Minnesota Idaho and Florida regions.

United Press Michigan Wisconsin Minnesota Idaho Florida Hastings

Gideons Extend Bible Display At Y M C A

The Gideons Indianap olis Camp voted to continue the Bible display at the Y M C A for another week. They plan to place a Bible in every hotel room through public donations at the display car. W Henry McLean of De Pauw University praised the Gideons for improving the moral tone of the sales profession.

Indianapolis Gideon W. Henry McLean de Pauw University

Drug Makers Convene in Indiana Amid Technical Program

The American Pharmaceutical Association with 200 U S drug makers gathered at the Wawasee Hotel and Country Club in Wawasee Indiana for its annual session. A technical program plus golf and swimming contests were organized for the week at the lakefront venue.

Wawasee Ind American Pharmaceutical Association United States Wawasee Hotel and Country Club Lake Wawasee

City in Brief highlights numerous meetings and local notes

The Tuesday listings cover Florence Crittenton conference at Marott hotel and many clubs meeting in Indianapolis. Reports include election of officers for Indianapol is American Society for Steel Treating, a prison head ache incident, a Riverside outing at Singing Pines, a planned 2060 North Illinois Street block development, Baptist Federation budget drive, a Reverend O Dell's resignation, Kiwanis speaker Col Andrew J Dougherty, a pigeon race postponement in Tennessee, trans Atlantic phone service extended, staff changes at Pere Marquette and Nickle Plate railroads, plus local display men planning a Toronto convention and a Carnegie Tech graduation.

Florence Crittenton Marott Hotel Cable Tabernacle Ohio Valley Shippers’ Advisory Board Claypool Rotary Club Spink Arms Purchasing Agents’ Association Severin University Club Columbia Ub University of Michigan Lincoln Mercator Club American Chemical Society Chamber of Commerce Phi Gamma Delta Indiana Whist Association Indianapolis Bar Association Columbia Club

Celery farmer earns 270000 from 30 acres in 15 years

C. H. Barnhart started with a few celery rows near Pueblo Colorado and has reaped 270000 from the crop in fifteen years. He owns thirty acres and the celery venture yields about 1000 dollars per acre in some seasons making his business a major revenue source.

NEA Service Pueblo Colo C. H. Barnhart Colorado

General rains lower wheat in Chicago pit

Weather disruptions hit the grain market as showers in the Southwest and Canadian Northwest push Chicago wheat futures down at the opening. Corn and oats follow the decline with mixed movement. provisions vary. Rain affected the wheat belt, especially Indiana, with cooler conditions and weaker Liverpool.

Chicago United Press American Southwest Canadian Northwest Board of Trade Today American Northwest Southwest Liverpool Belt Indiana

Chicago Grain Table Updates For June 4

Chicago reports grain figures with carrots and wheat at 8 and corn at 127 and oats 31 and rye 1. The brief table provides closing values for the day or latest trading figures.

Times Chicago

Local Market Prices for Fruits and Vegetables in Chicago

Readable list of seasonable produce with crate and hamper prices across fruits and vegetables. Includes apples cherries grapes melons citrus and more from California Florida Michigan Indiana and Tennessee with unit prices and crate sizes. Also notes strawberries and other items in Chicago on June 2.

California Florida Tennessee Southern Mississippi Alabama Louisiana Texas Indiana Hothouse H. G

Profits and Prosperity Keynote at Jewelers Convention

The National Wholesale Jewelers Association opened a two day session in Claypool with President McWhirter of Peoples' State Bank warning that profitless prosperity haunts some industries. He urged better balance of capacity and demand and cooperation with government as delegates discussed industry issues and planned officer elections. R J Peterson of Peterson Max Co welcomed attendees and George A Fernley reported rising membership. Featured discussions were led by Mayer Becken Hoffman Cooper and Fuller.

Felix M. McWhirter Peoples’ State Bank United States Chamber of Commerce National Wholesale Jewelers’ Association Claypool McWhirter Walter Mayer Cincinnati Ohio A. C. Becken Chicago H. H. Hoffman Pittsburgh W. R. Cooper Minneapolis Noble R. Fuller Kansas City

Democrats Pin Party Hopes In Flaying 6.0P Convention

Indiana Democrats spearhead an attack on Republicans citing corruption in state offices while shaping the 1928 platform. Debate over primary repeal utility regulation and civil liberties dominates prep talks as delegates gather at the Claypool. Centered on Dailey’s gubernatorial bid and second-choice delegate strategies, races heat up ahead of the convention.

Indiana Klan Platform Advisory Committee Claypool Convention Platform Committee Statehouse R. Earl Peters State Central Committee

Cold Weather Delays Indiana Corn Crop Growth

Vegetation in Indianapolis and central Indiana is about two weeks behind normal due to cool weather. Weather Bureau head J. H. Armington says continued cold and wet conditions could damage the corn crop, with rain tonight and a fair cool day tomorrow. Temperatures ran about 13 degrees below normal, May averaging 1.5 degrees low, with 3.04 inches of precipitation.

Indianapolis Indiana J. H. Armington United States Weather Bureau Armington May Weather Bureau

Mother Saves Daughter as Fire Engulfs Hallway at 126 Delaware

G. E. West carries his 72-year-old mother to safety while his wife rescues 3-year-old Mary Margaret from smoke and flames in the living quarters above their restaurant at 126 S. Delaware St. The aged woman escapes with minor burns. West sustains severe injuries. James West 77 escapes unaided amid $1,000 damage.

G. E. West Mary Margaret West James West

Winners Named in Irvington Iris Show Held Saturday

Irvington Iris show winners announced by judges at 5436 E Washington St. Miss Bertha Thormeyer won five firsts and a third, Miss Margaret Griffith earned two firsts and a second, Miss Anna Lott captured one first and two seconds, with several others taking thirds and firsts in garden flower division. The peony show was postponed to next Saturday due to slow peony development.

Irvington Union of Clubs Washington St Bertha Thormeyer Butler Ave Margaret Griffith Burgess Ave Anna Lott Downey Ave Clarence Hughes Ohmer Ave W. P. Miller

New York Central seeks ICC approval to issue stock

The New York Central asked the Interstate Commerce Commission for permission to issue 42,158,000 capital stock on a one for ten basis to stock holders of record June 15. Proceeds would retire 50,000,000 of 25 year 4 percent gold bonds of the Lake Shore and Michigan Southern Railway subsidiary.

United Press Washington New York Central Interstate Commerce Commission Lake Shore & Michigan Southern Railway

Meredith Condition Reported Extremely Critical

Des Moines dispatch reports Edwin T. Meredith former secretary of agriculture in extremely critical condition as his long deteriorating health worsened last week. Meredith has been ill for some time and his case became serious recently.

Des Moines Edwin T. Meredith Meredith

Army group reelects local veterans at thirtieth reunion

Thomas D. Robbins of Indianapolis was reelected president of Company D 158th Indiana Infantry and the old Indianapolis Light Infantry at the thirtieth reunion held Sunday at Arthur Wolf’s home 4136 N Meridian St. John E Merritt was reelected secretary. Thirty three Spanish American War veterans attended.

Thomas D. Robbins Indianapolis 158Th Indiana Infantry Indianapolis Light Infantry Arthur Wolf Meridian St John E. Merritt

World Red Cross Names German President

A German will head the world’s greatest mercy organization. Professor Max Huber of Zurich, Germany, has been named president of the International Red Cross by representatives of every country supporting the organization. Huber has been active in Red Cross work in his career.

New York Max Huber Zurich Germany International Red Cross Huber Red Cross

X ray pioneer Dr Albert Cole dies at home

Dr Albert M. Cole 58 a prominent Indianapolis physician and roentgenology pioneer died Sunday night at his home after a long illness. Private funeral services will be held at his Crow's Nest residence Tuesday followed by cremation. He practiced with Dr Edmond D. Clark and shared offices at 712 Hume Mansur Building with Drs. Smith and Beeler. Survived by wife Ruth and two sons Albert Maynard and Henry Schuyler Cole.

Crow’s Nest Albert M. Cole Indianapolis Crow's Nest Cole Charlestown Ind de Pauw University de Pauw Indiana Medical Woodstock

Armory urged as protection and training center

Indiana adjutant general William H. Kershner urged armory construction to provide protection during war and serve as central gathering places for reserves and civilian training at the 152nd Infantry annual banquet. Col. George H. Healey acted as toastmaster and Capt. Charles E. Linton presented a training motion picture.

William H. Kershner Indiana 152Nd Infantry Spink-Arms George H. Healey Charles E. Linton

Promotion of Rail Agent Frank A Curry to Regional Freight Manager

Frank A Curry, after twelve years as assistant general freight agent of the Lake Erie and Western Railroad, a division of the Nicobel Plate, is named assistant freight traffic manager for the central and northwest regions with bases in Chicago and Indianapolis. Curry has seventeen years with the line and a long railroading career. Harry C Fisher, former Indianapolis resident, will replace Curry and return here. Fisher has served as division freight agent at Sandusky, Ohio.

C. Stephens Pere Marquette Railroad Indianapolis Nickle Plate Railroad Cleveland Ohio L. L. Fellows Frank A. Curry Lake Erie & Western Railroad Nicobel Plate Chicago Curry Hary C. Fisher Fisher Sandusky

Hoosier Owned Weekly Farm Paper Bought by Indiana Men

Publishers of the Indiana Farmer's Guide announce full Hoosier ownership after a group of Indiana men purchased the interests of B. Kirk Rankin of Nashville Tennessee. The weekly farm publication now operates as the only completely Hoosier owned farm paper in Indiana.

Times Special Huntington Ind Indiana Farmer's Guide Indiana B. Kirk Rankin Nashville Tenn

Miss Dunlap Turns Down Four Proposals After Inheritance

Three hours after learning she inherited $40,000 in Rochester New York Miss Lillian Dunlap rejected four marriage proposals. She said she would keep working as a grocery cashier.

Dy United Iver Rocter N. Y Lillian Dunlap

Also Mentioned on This Page

Banks and Exchange Margaret Shuler Gideon Society American Society For Steel Treating Idlewood Park Pendleton Edwin J. P. Fisher Carl Winkler Richard Smith Nelson R. Gorsuch George Snyder Speedway Ave Toledo St City Hospital Frank B. Flanner Universal Club Singing Pines Cold Spring Rd Illinois St J. S. Cruse Realty Company Thomas E. Grinslade Lorene Hoffman George F. Woody Baptist Federation Harry O'Dell Emerson Ave. Baptist Church Andrew J. Dougherty 84Th Division Greenfield Noblesville Knightstown Kiwanis Indianapolis Racing Club Columbia H.S. Wyeth Phil M. Watson Indiana Bell Telephone Company International Association of Display Men's Association Toronto Canada Earl A. Stewart Buckle St Carnegie Institute of Technology Sergi Albert Jackson Nellie Jackson E. Twenty- Eighth St Tennessee Military Institute Sweetwater Barnhart Chicago Grain Table Commission Les U.S. Jewelers Democrats Salon Mary Irvington Central World Red Cross Prof A. M. Cole Herman Pink Indiana University School of Medicine American Medical Association American Roentgen Ray Society American College of Radiology Gen. W. K. Kershner Danes Fader Washington & Delaware
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