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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 07, 1927
Page
3
Prices moved up in a buoyant but mixed session as the average of twenty industrials rose to 171.13 and rails to 138.18 while bonds slipped slightly. Money conditions remained firm with call funds at 4 percent and brokerage loans at a peak, as professionals drove the market despite tepid public participation.
United Press reports Texas Land Trust stock rose sharply on the New York Stock Exchange in a single-odd lot trade of eleven shares this afternoon, advancing $601 to 3 501 a share. The move marks the largest one day gain in stock market history.
In week ended June 1 bankers noted ample liquidity as Federal Reserve data showed loans at the center. stocks opened buoyant with gains in steel and GM. Mellon’s forecast of a fiscal year surplus above 600 million and a debt reduction near 1.2 billion supported expectations of a tax cut. Chrysler rose on strong buying, with reports of an extra July dividend.
The New York statement notes bank clearings today at $3,670 and debits of $7,191 with balances around $115 million. Foreign exchange rates show sterling at $4.85, francs at 0.00%, marks at 23.68 cents, with minor percentage changes.
The dispatch lists varied prices for poultry and produce across markets. Live poultry buyers see turkeys 30 to 32 cents, ducks 12 to 25 cents, and geese around 10 to 18 cents, while dressed poultry ranges 20 to 46 cents per pound, with regional notes from New York and Cleveland. Butter and cheese markets show steady to firm tones, with eggs around 22 to 31 cents, and grain and flour prices noting dull to unsettled conditions.
Time a Sneci reports that about 2.7 million people are in U S cooperative enterprises with $2.7 billion annual business. Government estimates note 700,000 in non agricultural cooperatives with $300 million yearly and 2 million farmers in cooperatives doing around $2.4 billion in business. Evidence shows farmers’ coops expanding since 1915 while consumers’ societies struggle yet hold.
In New York on June 7 the cotton market shows crops at their peak while dry goods trade lags. The writer hints at more bargains to come in stores as signs point to continued price shifts.
In New York on June 7 no bids were reported above 31 to 32 cents for raw sugar. The weak demand drove a futures decline, with the market nearing oversold levels. The analyst notes a technical rebound could occur with any rally or improved European demand.
New York shop girl Dorothy Britton was named the newest American prize beauty at the Galveston world pageant. She travels to Hollywood as a likely film star and is noted for not smoking or drinking and for always wearing long hair.
Hog supply near 12 000 spurs market decline with opening 15 to 25 cents lower. Top hogs at 9.10, most at 8.50 to 9.00. sows 7 to 8. Receipts 1 100 cattle. beef steers 9.50 to 11.25, cows 6.50 to 8.50, feeders 7.25 to 8.50. Calves active near 12, top 12.50. Lambs up 1, fat lambs 18, 15 to 18 for bulk, sheep steady with 597 quoted. receipts 700.
Receipts and price ranges for cattle calves vealers sheep and hogs across markets. Tops and averages reported with noted declines and firmness, including hogs 25¢ lower and lambs up to 16.75. Bulk fat lambs and ewes cited with varied valuations across regions. United Press dispatches from Pittsburgh Cleveland and other centers.
Chicago July 7 The Kessinger bill at Springfield to be acted on today delays grain trading with traders cautious. Wheat down about 8 cents from recent highs and expected to drift lower unless weather worsens. Corn opened 1 to 1 ½ cents lower amid prospects of a poor crop and waning speculative interest. Provisions opened lower as well.
Readable figures show wheat at 12 corn at 175 oats at 86 with a note of 4 for a related item. The data chart lists commodity prices, highlighting these grains and their market values.
Birth announcements list numerous couples and newborns affiliated with St. Vincent's Hospital and Methodist Hospital and address details. The document names families including Barker, Fisher, O'Hara, Brown, Herkless, Hanson, Warner, Talesnick, Wilcox, Setten, Hamrich, Bohannan, Whitis, He Helder, Burgess, Wentworth, Tyler, Woodruff, Figley, Bailey, Pallardy, Hill, Stearns, Apperman, Lacey, Scott, Herald, Watts, Linnard, and several others with home addresses.
J W Thompson reports two young Black assailants robbed him of $2 as he walked near the woods at Winthrop Ave and Fortieth St. They forced him to the grass and followed him from the Thirty-Eighth Street Mo down station to the area near College Avenue.
Numerous community events highlighted a busy Wednesday in Indianapolis and surrounding areas. Listed gatherings include college commencements, club luncheons, and a state association meeting, with plans for future trips and talks by local leaders and visiting speakers.
A list of deaths includes Marshall Wilson aged 84 of 336 Bicking and Mary Bernadine Lewis 15 hours after premature birth at 812 River. Other victims include Jannis 48 at city hospital with cardio vascular renal disease and Elizabeth Koch 53 of 1918 Dearborn with chronic myocarditis.
James Matthews eight is in city hospital with possible skull fracture and internal injuries after being hit by Hobart Barnes who stopped and carried him home. Charles Alberts fifty nine suffered a compound leg fracture and head injuries when struck by John Kuplersberger who did not face charges. Catherine Barr two suffered arm and body bruises after being knocked down by James Baliinger at sixty Vermont Street.
James McRyan 27 of 17 N East St was arrested Monday night on charges of assault and battery with intent to kill Sergt Frank Reilly and squad reported. Ed Davis 442 E Market St said he found McRyan with his wife Mrs Della Davis at 15 N East St and McRyan cut his necktie off slashed his shirt coat and cut flesh on the neck about an inch and a half Mrs Davis charged with vagrancy.
In a misty Pekin–Hankow front encounter near Chengchow a Northern and a Cantonese armored train linked rear cars in a head on clash. The Southern Krupp commander's car was struck as shells fired, thirty dead in action and many wounded, while the Northern locomotive dragged both trains northward into victory.
Workmen uncover bronze swords hair ornaments and flint weapons dating to the last ice age while excavating for a building in southern Bavaria. Nearby Roman coins bear the bust of Emperor Marcus Aurelius. In the US bears on poles disrupt power lines in Colorado New Mexico and Wyoming.
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