Stock Market Regains Tone After Opening Lows
New York stock market started the week with early losses as margin selling hit many top issues. By late morning a firmer tone emerged with steel and rail shares moving, United Cigar group rebounding near prior levels, and petroleum stocks resisting further declines amid mixed utility performances.
MENTIONED IN THIS ARTICLE
EU United Preas
New York
Stock Exchange
Case
Atlantic Refining
Sinclair
Nickel Plate
Erie
Consolidated Gas
United Cigar Group
United States
Bank Clearings Report for Major Cities June 9
Across Indianapolis Chicago and New York bank clearings and balances are listed for June 9. Indianapolis shows debits of 3.35 million and quick figures of 7.418 million. Chicago reports clearings 84.2 million with 12 million balances and New York 61 million with 13 million clearing house balance. Treasury balance and customs receipts data for June 6 are also provided.
MENTIONED IN THIS ARTICLE
Chicago
New York
Clearing House
Federal Reserve Bank
Grain elevator price report from Wheat City
Local Wagon Wheat City reports cash bids for wheat at 96 cents per bushel for Ted wheat and 93 cents for No 2 hard wheat across area elevators. Strong demand amid harvest.
MENTIONED IN THIS ARTICLE
Ted
Hayes to Talk With Abroad Film Officials
New York June 9 Will H Hayes president of the Motion Picture Producers and Exhibitors is about to go abroad to confer with film officials.
MENTIONED IN THIS ARTICLE
New York
Will H. Hayes
Motion Picture Producers and Exhibitors
Stock Market Outlook Reflects Cautious Optimism
In New York on June 9 the Stock Market column notes little encouragement amid seasonal declines and fears of recession. It compares current conditions to 1929, sees renewed pessimism, but argues today’s mood is less severe and expects a technical rally or improvement when uncertainty lifts.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
United States Steel Corporation
Steel Corporation
Tuesday civic events and alumni notes reflect city meetings
The City in Brief lists Tuesday events including Democratic state convention at Cable Tabernacle. Rotary Club luncheon at Claypool. other luncheons at various venues. Indianapolis veterans luncheon. Westtown and Ohio State graduates. St Xavier commencement speaker Thomas Daugherty. John Holliday and Sarah Blatt among graduates. American Legion post meeting at First Presbyterian church with delegate elections. Greene county reunion with WLW writer Tremp Starr. World Trade Club luncheon on Chile. Y M C A night high school officers. Home Builders Association golf round at Meridian Hills. real estate round table at Lincoln hotel. 158th Indiana volunteers picnic marking war anniversary. and officer re-elections in the company.
MENTIONED IN THIS ARTICLE
Cable Tabernacle
Rotary Club
Claypool
Real Club
Columbia Ub
Spink-Arms
Purchasing Agents Association
Severin
American Chemical Society
Chamber of Commerce
Benool
Oniversity Club
Columbia Nb
University of Michigan Alumni
Lincoln
North Side
Spinkrms
Indianapolis Republican Veterans
Board of Trade
John H. Holliday Post
American Legion
First Presbyterian Church
Ft. Wayne
Market Fruit Prices and Vendors Listing
A detailed catalog of fruits and vegetables with assorted prices and suppliers. Includes apples Baldwin 2.50 and Ben Davis, citrus and pears from California, crates of lemons and Valencia oranges, asparagus and beets from home-grown sources, celery Florida crates, and peppers and herbs with varying per-crate or per-bunch prices.
MENTIONED IN THIS ARTICLE
Baldwin
Pevman
Winessp
Ben Davis
Seais
California
Mae Danis Senis
Cabbauthern
New
Louisiana
Indiana
Florida
Texas
Belant—Southern
Bermuda
Southern
Rai Hothouse
Scotch to Meet Fate Destruction Planned for Bonded Whisky
Washington report says 20 000 quart bottles of real bonded Scotch whisky seized by authorities await destruction against a stone wall. Prohibition Bureau champions and officials prepared for the ceremonial disposal as part of enforcement actions.
MENTIONED IN THIS ARTICLE
United Press
Washington
Prohibition Bureau
Rise Features Opening Sales in Pork Trade
Hog prices opened higher at the city stock yards with most hogs 10 cents up. Bulk for 169 to 275 pounds ranged from 10.45 to 10.55, with receipts about 5,000 and holdovers 168. Top paid 10.55. Cattle steady with two loads at 12, receipts 600. Lambs mixed, bulk to 11.50, top 12. receipts 500. Chicago hog receipts 52,000 including 25,000 direct. cattle 20,000. sheep 12,000.
MENTIONED IN THIS ARTICLE
Chicago
United Press
Hogs and Cattle Prices Across Cities June 9 Market Snapshot
Chicago and Cleveland report mixed hog receipts with steady to slightly lower trade, top hogs at $10.50 for 180-200 lb. cattle in Chicago steady to lower with high steers at $13.40, pigs at $10.50, and sheep steady to lower. Pittsburgh and Cincinnati show similar trends with 160-250 lb hogs near $10.65 and steers around $10.50 to $11.75, lambs weaker.
MENTIONED IN THIS ARTICLE
United Press
Cleveland
United Press Pittsburgh
Editor of the Bookman Is Dead
London reports the death of Arthur St. John Adcock editor of the Bookman and noted journalist. The obituary sketches his career in journalism and literary editing.
MENTIONED IN THIS ARTICLE
Bookman
United Press London
Arthur St. John Adcock
The
Vena Ipa
Diverse Corporate Actions in June Including Dividends and Mergers
Households gain in dividends with several firms declaring extra and regular payouts on class A and B stock payable in July. Major earnings show varied results across Standard Gas, Louisville Gas and Electric, and Lamson and Sessions. Mentions GM plants switching to five day weeks, Niagara shares acquisition vote, Bendix and Consolidated Instrument merger talks, and boardroom changes at Chemical Bank.
Markets Show Mixed Gains Across Grain Poultry Prices
United States market reports from Chicago New York Cleveland Cincinnati detail steady to firm prices for eggs butter cheese and poultry. Notable items include No 1 top quality butterfat 31 to 34 cents per pound and Leghorn hens springers and ducks varying by weight across regions.
MENTIONED IN THIS ARTICLE
Indianapolis
Kingan & Co
Wisconsin
New York
Limberger
Bu United Press
Chicago
Southern
Bliss
North Carolina
United Press
Cleveland
Maine
Green Mountain
United Prene
Cincinnati
Leghorn and
Orpington
Wheat Prices Edge Up on Market Sentiment at Open
Wheat futures rose fractionally with prices to mid range while corn and oats gained slightly amid thin export demand and drought pressure. Traders watched weather in Kansas Nebraska Canada and the northwest as rains improved oats areas and cash demand stayed steady.
MENTIONED IN THIS ARTICLE
United Preas
Chicago
Board of Trade
Kansas
Nebraska
Winnipeg
Canada
American Northwest
Russia
United States
Society Women Refuse Cocktail Abolition Demand
A New York society circle led by Mrs. R Stuyvesant Pierpont rejects Philadelphia social leader Mrs. George Holt Strawbridge’s call to abolish the cocktail. Pierpont notes eighteen friends will not follow the suggestion and argues laws should not be followed when seen as stupid or ill advised.
MENTIONED IN THIS ARTICLE
United Press
New York
New York Society
R. Stuyvesant Pierpont
George Holt Strawbridge
Philadelphia
Costly new bakery to open Tuesday
Formal opening of the General Baking Company half million dollar plant at 318 West Vermont Street will occur Tuesday. The firm will roll out Bond Bread already distributed in over a thousand communities. Philip Devenney is named manager of the new plant with a capacity of 4,000 loaves per hour.
MENTIONED IN THIS ARTICLE
General Baking Company
West
Vermont Street
Philip Devenney
Baking Science
Edison Stores Sales Rise in May and Five Months
Edison Stores reports May sales of 3 310 against 340 439. Five month period to May 31 shows sales of 1 887 637 versus 1 425 868 last year, up 32.3 percent. Central Public Service and American Water Works report gains in gross earnings and net income for 1929–1930. Detroit Stock Exchange approves Muskegon Motor Specialties and related stock issues. Silent Automatic Corp shows 44 percent gains in five weeks and 21 percent for five months in 1930. Fidelity Investment Association annuity sales rise in western division with five months totaling 9 878 000, up from 6 592 000.
MENTIONED IN THIS ARTICLE
Edison Et Stores, Inc
Chicago
Central Public Service Corporation
American Water Works and Electric Company Inc
Detroit
Silent Automatic Corporation
Fidelity Investment Association
Indianapolis
Insurance Editor Column Answers Reader Questions
Paul Bailey of the Insurance Research and Review will answer general insurance questions each Monday in The Times. Some questions involving specific company names or policies cannot be discussed, but general problems will be covered. Send inquiries to INSURANCE EDITOR, THE TIMES.
MENTIONED IN THIS ARTICLE
Times
Paul Bailey
Insurance Research and Review
New Chicago Board of Trade Moves to Skyscraper Home
The Chicago Board of Trade opened its new 612-foot limestone skyscraper with a march of progress from its Dearborn street quarters. President Hoover activated trading in the cathedral like room linking by telephone to the Liverpool market while John A. Bunnell spoke with Alexander Slater Jr. The dedication marks 82 years of wheat trading in Chicago and features a towering clock and carved grain motifs atop the tower.
MENTIONED IN THIS ARTICLE
United Preas
Chicago
Chicago Board of Trade
South Dearborn Street
la Salle Street
Hoover
Washington
Liverpool
John A. Bunnell
Alexander Slater Jr
England Mart
Board of Trade
Also Mentioned on This Page
Steel
Westinghouse
General Electric
American Dan
Banks and Exchange
Indianapolis Bank Clearin
Treasury Statement
Treasury
James T. Hamill & Co
Nationae Trust
Trust of Nose
Standard Oil
W Strauss
Amerres
Trus
Elec & Po
Ask A Central Life and Co
Belt R & Yds Co
R R &S
S Yds
Ye Circle Theater
Central_Ind
Grees
Pnweelth
Commonwealth L
Agi
Com
Wasgee
Janapol RY
OFS
Ind
Hseerstreet
Northern Ind P Sie
Northern Ind Pub
Raith & Sons
Real Ik Hosiery M Inc
van Camp
R & Stock Co
Nees Centra Power Co
Eesetess Ae. Ter Ft Wayne
Rght Co
Wee Er
Eas
Col & Trac Co
Pid
Wee Co
Poy
Water Co
Aes
Ois
O. Balon Trae Co Sa
Indpis P & Lt Co
Hayes
U & Ind Alco
Hitchison Eeseves
Ohio
Uise Ie
Mont Ward
West West
Teeee
Erie Serepeseee
Bruns
Ulf Mob É& i
Loulinois Jash
Oory
Westingh
Elec Westingh
Gardner
General Motors
Hudson Heweree
Huppas
Mac
Marmon
Packard
Brudebaker
Yellow Truck
Motor Acces
Bendix Aviation
Borgarder
Maton
el Storage
TY Hayes
Houdanesses
Sparkswart ‘Warner
Am Metals
Cal & Anaconda
Miami
Texas Gulf Sur
Houston
NO States
Union Ol . Tee
Am Roll Mills
Blehem
Byers
Colo Fuel Cruc Steel Ose
Ludlum
Midland
Newton
Repub I
Vanadium Youngst & W
Wee Am
Sumatra
Zee Am Tobacco (A
Abi
Adams Exp
Pwr & Li
Tores
Col Gas & el
el Pwr
Mn Gas
Pwr
Amer
Coca Childs Bs
Cudahy
Hersey
Nat Biscuit
Pillsbury Esees Safeway St
Westtown School
Westtown
Phyllis Mae Coland
Richmond
Sarah Margaret Hiestand
Pennville
Frances Lenore Overman
Marion
Elizabeth Johnson Sahm
Thomas J. Daugherty
St. Xavier College
Ohio State University
Harry F. Dietz
Sarah B. Blatt
Tremp Starr
Greene County
WLW
Garfield Park
Ralph H. Ackerman
Department of Commerce
Santiago
Chile
Indiana World Trade Club
Kenneth H. Dame
Y. M. C. A. Night High School
John Taylor
North Irvington Avenue
Glenn Jeffries
Creston Drive
Marvin Warren
North Illinois Street
John Dillman
Lawrence
Indianapolis Home Builders’ Association
Meridian Hills Country Club
Indianapolis Real Estate Board
Lincoln Hotel
158Th
Brookside Park
W. S. Ashford
Frank Gray
Commission
Aio
Aroun
Polebo
Spree
Vporkers
Mts
Mt Sae
Hudson Motor Car Company
Househohold Finance Corporation
Coca
Neet Inc
Standard Gas and Electric and Subsidiary
Louisville Gas and Electric
Lion Oil Refining Company
Sterling Motor Truck Company
Commercial Credit Company
American Austin Corpany
Chevrolet Motor Plant
Fisher Body
Tarrytown
Niagara Share Corporation
Marine Union Investors, Inc
Lamson 4 Sessions Company
Safeway
Louis Phillipe, Inc
Bendix_ Aviation Corporation
Consolidated Instrument Company
Bendix
Graham-Paige Motors
Darwin P. Kingsley
Chemical Bank and Trust Company
Wemlen Roosevelt
Turkey
Swedish Area Group
Tove
Western Bar Iron Association
Amalgamated Association of Iron Steel and Tinworkers
Union American Investing Corporation
Youngstown
American Colortype Company
American Art Works, Inc
Coshocton, O
Middle West
Long Island
Young America
Eesee Seseees
Banks of
United Sta
Robert K. Tomlinson Investments
Gank
Pn Times
Gotham
Vermont
Averican Telephone and Telceapn Company
Tod Conk Sreckchan
H. Blair-Smith
James T. Hamill & Company Brokers
Chicago Stock Exchange
Indianapolis Board of Trade
Associated
New York Curb
Continental Bank
Riley
Riley Qos
Ernors
Detroit Stock Exchange
Poe Pagne
Oeares
Muskegon Motor Specialties Company
Jackson Motor Shaft Company
the Times
Continental
U. 56
Bon O. Aspy
Guaranty
Atlanti: Life Insurance Company
Consolidated
Old Line Legal Reserve Life Insurance Company
the Merchants Fire Insurance Company of
Edward Boren
OLD Trails Automobile Insurance Col A Stock Company
OLD Trails Building
COR
Washington & Senate
Empire Life and Accident Insurance
Empire Bldg
C. S. Drake, Pres
Carl J. McClain Insurance Counselor
NEW Amsterdam Casualty CO
David Layton
Mgr
Meyer-Hiser Bank Building
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