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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
MENTIONED IN THIS ARTICLE
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Washington
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Wayne B. Wheeler
Edward B. Dunford
Senate
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New York
Missouri
League
Jim Reed
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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.
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George W. Norris
Senate Judiciary Committee
Muscle Shoals
Coolidge
Norris
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