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This newspaper page contains 24 articles. Subscribers can read the full text of each article.

Newspaper

Indianapolis Times

Location

Indianapolis, Indiana, United States of America

Date

Jun 05, 1928

Page

4

Stocks Rally Then Slump As Market Sags On June Start

Stocks opened weak with Curtiss Aero tumbling 8 percent to 120% and General Electric down 2.5 percent to 155, while General Motors fell nearly 3 points to 189. A brief rally followed before broader losses and a late turn for some issues.

United Press New York Curtiss Aero Wright Aero General Electric General Motors Radio Corporation Allied Chemical Chrysler Studebaker Hupp United States Steel Wall Street Journal Financial Review Today Stock Exchange Wright General Electrice International Nickle International Combustion American

Bank and Treasury Reports From June Financials Across Cities

Indianapolis and New York report bank clearings and debits for the day with totals and balances. Treasury net balance for June 2 stands at 54 million plus. customs receipts reach 3.65 million for the month through June 2. Foreign exchange opens steady with rates for sterling and francs noted. Liberty Bonds and Treasury 4s quoted with prices and small declines.

Treasury United Press Ashington New York Liberty United Press New York

Market Liquidation Follows Heavy Loans and Tight Credit

In New York on June 5 the stock market faced heavy liquidation as a five and a quarter billion dollar loan load and limited credit plus government withdrawals pushed money rates to years highs. The Federal Reserve Board stressed unchanged policy, indicating no relaxation of loan reductions for stock market purposes, urging voluntary compliance at current levels to avoid forced liquidations as selling accelerates.

Thomson & McKinnon New York Stock Exchange Federal Reserve Board Reserve Board

Purdue Shoots Narrow Miss In National Pistol Contest

Purdue University's pistol squad came within one point of the national championship as results announced from Washington show Missouri led the field. Local wagon wheat buyers posted 1.59 for No. red wheat while other prices varied by elevator merits.

Special Lafayette, Inc Purdue University War Department Washington Missouris

New York Stocks Reported June 5 Market Activity

The page notes New York stocks for June 5 with brief pricing moves and notable shifts among key averages. Investors monitor industrials and rails as trading volumes stay steady amid ongoing market uncertainty.

Sugar futures slip as refiners hold back in New York

In New York on June 5 refiners showing little need for replenishment spurred by weak granulated demand, sugar futures opened lower with September at 2.65 and December at 2.73, down fractions. Analysts say the market remains dependent on uncertain consumption increases in the near term.

Thomson & McKinnon New York United Press New York

Cotton Market Weather and Futures Movement Report

In New York on June 5 the weather is clearing in the west and may improve in the east by Wednesday. Traders note profit-taking on high spots. Cotton futures opened higher with October at 21.23, up 0.18. December up 0.80, May up 0.12, March up.

Thomson & McKinnon New York United Press New York

Hog Market Slumps as Receipts Rise at Local Yards

Heavy hog receipts pull down prices though some choice hogs bring near 10 dollars. Cattle remain strong with beef steers around 12.50 and cows 8.50 to 11, while light hog weights drop 15 to 20 cents. Sheep and lambs steady with spring lambs near 16 to 18.50 and fat ewes 67.50.

Chicago Ibs. Inc Arket Ienne Louisville Battle State

Market Report Hogs and Cattle Across Cities June 5

U S hogs and cattle prices across Chicago Buffalo Cleveland Pittsburgh and other cities show steady to higher trends on strong top weights while lighter and mid grades lag. Hogs top at about 9.95 and 10.25 for 200-250 and 250-350 pounds, cattle across markets show heavy steer and yearling values around 13.40 to 14.90, with calves and sheep ranges varying by market in thin supply conditions.

United Press Chicago Buffalo Sant

Moderator Dr Hugh Walker Named Presbyterian Leader

Dr Hugh K Walker of Los Angeles was chosen moderator at the latest general assembly in Tulsa Oklahoma. He defeated an uncompromising fundamentalist to win the post.

Hugh K. Walker Los Angeles Presbyterian Church Tulsa Okla Walker

Markets Butter and Dairy Prices Across Cities

Cleveland and New York report mixed dairy markets with butter and eggs varying by grade. Extra firsts and creamery extras command higher prices. eggs, poultry, and cheese show regional shifts amid unsettled grain and meat futures.

Market Report From Toledo Auction House

The daily sale shows steady demand across mediums and heavies. Calves and receipts are steady with price markers seen at 9.90 for a Bet Cat. Sheep and lambs also steady with Hight noted and general market activity steady.

Toledo Boca

National Jewelers Discuss Profit Boost at Convention

National Wholesale Jewelers Association closes its twenty first annual convention at Claypool. Officers to be elected this afternoon with A C Becken of Chicago set to become president, succeeding R J Petersen of Buffalo. Morning session led by Harris of Chicago Burdick of Cleveland and Carpenter of Providence on Cut Price Competition. Treasurer White of Philadelphia presented the report. Luncheon for women held at Indianapolis Country Club followed by city sightseeing tour.

National Wholesale Jewelers’ Association Claypool A. C. Becken Chicago R. J. Petersen Buffalo N. Y W. C. Harris H. W. Burdick Cleveland H. L. Carpenter Providence R. I L. P. White Philadelphia Indianapolis Country Club

School heads meet to discuss rural education plan

The ninety two county school superintendents gather in the House of Representatives for their annual conference. Roy P Wisehart state school superintendent outlines curriculum growth begun this year while Roy R Roudebush assistant state superintendent discusses rural education. W W Charters of Chicago University leads on Character Education. K W Hemmer presides and officers will be elected at closing.

Roy P. Wisehart House of Representatives Roy R. Roudebush W. W. Charters Chicago University K. W. Hemmer County Superintendents’ Association

Recount Ordered After Ward Three Votes Change

In the Third ward six precincts recount shows Archibald M. Hall down twenty five and Congressman Ralph Updike down nineteen votes. Paul Brown loses forty seven while Henry Campbell gains twenty nine. Circuit Judge Harry M. Chamberlain ordered the recount after Campbell and Hall filed a complaint. Group Eight Indiana Bankers meet in SVILLE with about 400 members, speeches by O Oliver Holmes and Robert C Buston.

Archibald M. Hall Ralph Updike Third Ward Paul Brown Henry Campbell Harry M. Chamberlain Campbell Hall Updike Bankers UN U Ae Preas Indiana Bankers’ Association O. Oliver Holmes Gary Robert C. Buston Lafayette A. C. Wise Washington

Corn Irregular as Wheat Goes Lower in Mart

Chicago wheat opened sharply lower on favorable weather reports. Corn was irregular at the opening with oats following wheat. Wheat fell 1 to 2 cents, corn moved 4 cents lower to half a cent higher, oats down fractionally. provisions opened higher. Weather over the northwest belt was unsettled with rain expected elsewhere. Liverpool weaker due to Canadian rains. Deferred corn deliveries sought amid light farm movement. Prospects for the new crop remain favorable with more rain overnight.

Chicago Board of Trade American Northwest American Belt Liverpool

Seasonal Produce Prices From Market List

A fragmented OCR market list shows apples, apricots, cantaloupes, cherries, citrus, pineapples, strawberries and assorted vegetables with varied regional origins and unit prices. Listings include quantities such as crates, hampers, and baskets, with states like California Florida Jamaica Tennessee and New Albany noted for origins.

Fan Basket California Florida Jamaica Simo Tennessee Southern Fanny Southern Louisiana Texas Piapha Hothouse H. G Michigan

Births Report Names Several Newborn Girls

Births list includes girls born to John and Lena Hardester at 2030 Cornell and William and Martha Mosier at 320 W Twenty Eighth. Other entries name Ernest and Geneva Greeson, Carl and Helen Rusl, Harold and Emma Vance, Doll and Mebel Allison, mton and Minnie Johnson, Roscoe and Cleo James, zathe Thomas and Lazar Franklin, Fred and Garnet, Loyd and June Renison, enaward and Florence Kirkhoff at various addresses.

John and Lena Hardester Cornell William and Martha Mosier Ernest and Geneva Greeson N. Holmes Carl and Helen Rusl Harold Emma Vance Madison Doll Mebel Allison Bloyd Mton Minnie Johnson Roscoe Cleo James Martindale Zathe Thomas Lazar’ Franklin Arsenal Fred Garnet Eastern Loyd June Renison Houston Enaward Florence Kirkhoff

Deaths and causes listed for residents at multiple addresses

A list of deceased individuals with ages and causes of death include Charles Francis Hull 79 chronic myocarditis at 859 W Thir tieth, Fred Norman Cruse 35 chronic appendicitis, Helmenia M Wenning 73 2517 Webb dateiee Catherine Marie Hafer 37 2817 W Caya sepicaemia, Jest Pope 56 city hospital myocathis, James Bigsby 36 2119 Boulevard PL lobar pneumonia, Fannie Boyd 58 738 W Twenty-Sixth pulmonary tuberculosis, Lindsay Kendricks 75 233 Hillside chronic interstitial nephritis, Anna Grayden 44 Methodist Hospital pyelonephritis, Insan Alston 1 day city hospital prem birth, Walter M Boykin 3 days 30242 N Noble cerebral hemorrhages, James Wesley Mitchell 58 1616 Sheldon myocarditis, Hannah Lula Luttrell 63 Christian Hospital cirrhosis of liver, Ada J Lowe 28 1135 Vincennes acute myocarditis, Ry Lea 65 St Vincent's Hospital cerebral hemorrhage.

Charles Francis Hull Thirtieth Fred Norman Cruse Ihelmenia M. Wenning Webb Catherine Marie Hafer Jest Pope City Hospital James Bigsby Boulevard Fannie Boyd Lindsay Kendricks Hillside Anna Grayden Methodist Hospital Insan Alston Walter M. Boykin N. Noble James Wesley Mitchell Sheldon Hannah Lula Luttrell

Penny profits end Policeman Stops Newspaper Thefts

Kendallville Indiana June 5 Policeman John Boggs solved the disappearance of newspapers from Main Street business houses. A local young man, unnamed, was arrested for taking papers after carriers left them and reselling them in cars and restaurants for a few cents daily, according to the officer.

Kendallville Bay United Press Kendallville Ind John Boggs Main St Boggs

City News in Brief Wednesday Events and Local Notices

News in brief from Indianapolis area items including Democratic State Convention logistics at Cable Tabernacle and multiple club luncheons. Mentions Indiana Duroc Swine Breeders’ seventh annual picnic at Broad Ripple Park and a military promotion for Second Lieut. Herman H. Lauter. Also notes state plumbing regulations, an attorney general ruling on salesmanship, and a real estate board luncheon. Telecommunication news reports Germany phone service to Berlin by Indiana Bell. Includes update on Cc. G. Dunphy’s health after appendicitis and Triangular Boulevard Association meeting. A Fayette County farmer, Joseph B. Jones, files for bankruptcy with assets and liabilities disclosed.

Indiana delegates pick Woollen loyalists for national seat

Charles R. Remster attorney and William J. Mooney wholesale druggist leaders indicate choices for Seventh district Democratic State convention delegates to Houston. Two national delegates per district to be elected tonight in the State house. Remster slated as national delegate barring Meredith Nicholson’s withdrawal. Evans Woollen backed for President by Indiana’s thirty delegates, with Remster and Mooney likely backing Al Smith if Woollen withdraws. Big eight delegation changes loom amid shifting endorsements and Smith friendship rumors.

Charles R. Remster William J. Mooney Mooney-Mueller-Ward Company Houston Statehouse Remster Meredith Nicholson Indiana Evans Woolen Woolen Mooney al Smith Woollen Thomas Taggart William H. O’brien Lawrenceburg Lew G. Ellingham Ft. Wayne William Cronin Terre Haute A. C. Sallee Samuel M. Ralston Thomas R. Marshall John W. Kern Smith James R. Reed Missouri

Wheeler's Loss Began to Tell on Dry League

Washington June 5 The death of Wayne B Wheeler general counsel has weakened the Anti Saloon League in the presidential campaign. The drys report only 2922 dollars raised for a nationwide drive far from the 25000 hoped. Edward B Dunford testified before the Senate Campaign Expense Committee noting reduced funds lack of drive and diminished enthusiasm since Wheeler's death.

Wheeler Washington Anti-Saloon League Wayne B. Wheeler Edward B. Dunford Senate Dunford Drys New York Missouri League Jim Reed Smith American Issue Reed Sttne al Way

Norris Says Shoals Bill Will Pass If Coolidge Takes No Action

Senator George W. Norris, chair of the Senate Judiciary Committee, believes the Muscle Shoals bill will become law if President Coolidge does not act by the Thursday deadline. He cites precedents showing presidents may sign during recess and notes state cases where governors’ inaction during recess made bills law.

Washington George W. Norris Senate Judiciary Committee Muscle Shoals Coolidge Norris Congress Supreme Court Wilson

Also Mentioned on This Page

Radio International Nickel Banks and Exchange Indianapolis Clearing House Weverat Reserve Bank Purdue Atchison Adl Coast Sane Balt & Aes Candian Pap Chesa & Ohio Chi & Oe Chia West Pbx Syncesis del & & ‘Hudson del & Aeeene O Erie Lehigh Valley Ry O Nor Pacific Texas & Pac Aoe Union Pacific West Mary Wabas Wabash Goodrich Bal Goodyear United States Coe Far & Am Elec Iron & Sil Otis U 5 Steel Youngston St Vanadium Corp Motors Am Bosch Mag Wee Chandler Chisler Corp Gabriel Endlers Hudson Martin-Parr Moon Paige Mining Am Smit & Rfg Ancadona Calumet & Ariz Cerro de Pasco Chile Kennecott Magma Miami Texas Gulf Sul Otis— Atlantic One Freeport-Texas Marland Phillips Petrol Union of ‘al Royal Dutch Aee Nee Simms Sinclair At Skelly Ltd Oil Amer Ice Amer Coca Cola Lambert We Loews Kelvinator Montgomei Natl c Cossene Pittsburgh Coa Owens Radio Cor Jettle Sears-Roebuck Union Sernce Univ Tather Ee Alco Wooworth Co Am Tel & Tel Co & EB Nor Am Co Calif E Wa Ltd Gas & el Utilities Power Shipping— Am Intl Corp .Y Atlae United Fruit Intl Ate Nichols Jewe Fleishmann Tea Nat Pairy Aes Ieee Postum_ Co Ward Baking Tobaccos Sumatra Lorate Reyne United Cigar St Schulte Porker St Ma Cooe United Preas Pittsburgh Cincinnati Wisconsin Longhorn Wingatte Leahoorn Ens Minnesota Idaho Burbanks Hastings South Carolina Midwest Se Pene Island Young Americas Lois Land Maine Bermudas Jersey Pacific Coast National Cae Ie Times Commission Gari -California News of Cable Tabernacle Lions Club Lincoln Indiana Duroc Swine Breeders’ Association Broad Rippleark Herman H. Lauter Washington Blvd Leutenant Infantry Reserve State Building Council Arthur L. Gilliam William F. King State Health Board The Building Council H. N. Tolles Sheldor School Indianapolis Real Estate Board Chamber of Commerce Tolles Germany F. A. Montrose Indiana Bell Telephone Company Berlin Cc. G. Dunphy Reed Memorial Hospital Muncie Dunphy C. W. Dunphy Richmond L. Ert Slack Triangular Boulevard Association, Inc Norris E. Harold Fairfield Ave Oscar Schmidt Joseph B. Jones Fayette County Connersville Bonnie Miller & CO Mildred Force W. H. Groh Mabel Haley Joyce Sisters Hanlon Brothe Green Austin Tra Mats Eer George Gaul Larry Fletcher Marie Adels Berkell Matinee Ssc Tommy Jae Underworld BY Ray Tucker Motion Pictures Pep Ato Mothee Publix A Veraner T Ra “Battle of Music Stuart Barrie Vs Adolphe Tiger Lady Read Seeree Ee Groom Geork Pippy Colleen Moore Governor's Island Shoals Roscoe B. Fleming Snow Gilda Gray Amerique Neville Devil Dancer Clive Brook United Artists Emil Seidel ORCF Lester Huff Ramon Novarro Pat Lane Carper Newport Mile Hewes Grady Leonard Ferrari Freddy Stuart Creen Bollo Sammy Ted Cohen&McNamara Nick Stuart Sally Phipps Vitaphone Movietone Acts Irene Rich James Weart
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