Irregular Stock Market With Mixed Recoveries
New York, June 8. Highly irregular price moves marked trading on the stock market. Recoveries and rallies appeared but no sustained buying emerged, and overall levels drifted lower despite easy money.
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 09, 1928
Page
3
New York, June 8. Highly irregular price moves marked trading on the stock market. Recoveries and rallies appeared but no sustained buying emerged, and overall levels drifted lower despite easy money.
Indianapolis clearings rose to 3 756 000 with debits at 6 623. New York reported 1 332 000 000 in clearings and a 119 000 000 balance, with 109 000 000 Federal Reserve credit balance. Chicago posted 115 000 000 and 10 300 000 balance. Pittsburgh showed 30 917 135 79 clearings and 13 066 182 63 balance. Foreign exchange in New York closed steady with rates for sterling and francs listed.
The stock market shows persistent broad weakness with fewer rallies and a lighter volume of financial news. High grade investment securities such as Atchison and comparable issues hit new lows as buyers retreat, signaling further downward price adjustments ahead.
In New York on June 8 sugar futures stayed subdued, with large operators supplying demand and refiners keeping firm consumer quotes. The market signals improved fundamentals and the sugar institute's success. A sharp pullback or signs of hedging would present a buying opportunity.
Lambs in the local market declined by 1.50 to 2.00 with receipts near 850. Hog prices were mostly steady to lower with 180 to 300 pounders at 9.65, some butchers at 9.90 and a load at 10. Cattle in Chicago opened slow with beef steers around 126 to 714 and heavy calves at 77 to 11.00, cattle supply light at 700 head and 1,100 calves in the division.
Market report from Indianapolis and Toledo shows hog receipts around 300 head with prices scattered by weight, plus cattle and calves trading lower or steady. In Toledo, hog receipts near 5,000 with heavies around 9 dollars and yorkers ~8.50 to 9.00, cattle and calves steady to down slightly, sheep and lambs light but steady.
Times Special reports Chicago, Cleveland, Cincinnati, Pittsburgh market results for hogs and cattle. Receipts vary from 400 to 27,000 with prices for 130-160 lb hogs around 7.75 to 9.60, cattle steady to higher, vealers up to 16.50, sheep mixed with lambs around 15 to 18 dollars, and regional quotes from June 8.
The notice admits prior ads overstated Hart Schaffner and Marx and other items, noting many hats coats and hosiery were damaged, out of style, shopworn, or not available at sale prices. It says customers misled may return purchases for a permit, and credits the Leader formerly Daniels, Inc.
City events include a Garfield Park annual picnic and several luncheons hosted by Sigma Alpha Epsilon Beta Theta Pi and the Chamber of Commerce. Indiana school officials plan five conferences next week on southern state aid. Indianapolis Bulgarian relief donations total 797 to the Red Cross. A 12 year old girl was seriously injured by a car on East Georgia Street. A Purdue USDA train visit drew 367 Marion County hog raisers. Knights of St. George host euchre and banco with 2.50 gold prize. Grand jurors inspect the Indiana Woman's Prison and courthouse. Rob McCray case driver bound over for manslaughter. bond set at 2500. Parke County reunion set for Garfield Park June 24. Edwin J Kunst named Indianapolis division manager of IU bureau. Illinois Central announces reduced rates via Panama Canal aiding Indianapolis shippers.
Cleveland and New York reports show butter to 47c a pound extras and 44% to 47c for firsts, cheese prices firm, and varied poultry quotes with broilers up to 40c and leghorns around 30c. Potatoes range from $1.25 to $2.50 per 50 pound bag, while flour and lard status are steady to easier.
Cotton opened lower as Liverpool failed to follow New York gains, traders bought on the dip and lifted prices about 15 points. Afternoon saw a 10 point reaction. Production cuts noted from the Carolinas and rains earlier in the week improve the outlook, with cautious profits and anticipated carry prices below 20.50 for October.
Children's day will be observed at the First Evangelical Church with a combined Sunday school and church service at 10 o'clock. The pageant Hearts of Gold will be presented under Mrs. William J. Ehrhardt. Infant baptisms and member reception on the program. 7:45 p m sermon by Rev. Edmond Kerlin on Do Your Stunt and Dont Grant. Other churches listed plan children's days and pageants with choirs, soloists, and sermons across morning and evening services.
Grain bids at the Board of Trade show corn and white and yellow wheats steady at multiple futures, while hay and timothy prices are listed. Sunday church services and church school programs are announced across several local churches with daylight saving time observed. pageants, sermons, Holy Communion, and educational annex groundbreaking are noted.
Chicago June 8 Favorable weather and rains in the Northwest press wheat lower as traders close positions ahead of the government report. Corn and oats also declined with liquidation in July corn and cash selling noted.
Chicago buyers and sellers reported June quotations for wheat corn oats and barley with prices per bushel and shipment figures. Wheat prices ranged around 1.78 per bushel with various grades and no 2 corn at 1021 per something. oats and barley shown with miscellaneous figures and contracts.
Birth announcements list several newborn boys and girls with parents and homes. Names include Joe Christy Hazel Bennis Carter Temple Lucy Temple Thomas Passons Elmira Yosafat Eugene Hopson Mattie Hopson Ida Williams Grace Matthews Raleigh Canter Ada Canter Heathy Montgomery Maud Wand Mildred Grohis Grant Minnie Kidwell Georgie Herold Vincent Jemes Raida Verhines Massachusetts Charles Wilson Lottie Wilson Frank Jones Marie Jones etc. Locations cover St Vincent Hospital and multiple street addresses in town.
The death notices record numerous individuals with ages and causes across several city hospitals and locations. Names include James Edwards 30 myocarditis at city hospital and Jane Massey 77 cerebral stroke at 5609 Bonna. Other entries list Amanda Medaris 80 chronic myocarditis 4312 E Washington and Rexia Miller 44 carcinoma series at 1042 W Thirty ny.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.