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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 12, 1923
Page
2
The New York market stays in a tight band with few turning points. Woolworth hits new highs while Moon Motors eyes a regular $3 dividend and a special payout, and American Smelting announces a $5 dividend. Oil, tires, and steels show weak rounds amid a day of cautious trading.
Indianapolis totals show Tuesday bank clearings at 4,164,000 with debits of 5,812,000. New York money market reports Time money at 6 percent bid and 4 percent offered, renewals at 5 percent, commercial paper near 5 percent with little business under 6 percent.
On June 12 in New York, foreign exchange closed steady with Sterling at 461%¢, Frances at 6.40%c, Lire at 4.634c, Belgian 5.5442¢, Marks 87.195 to the oo, Czecho 2.98c, Swisse 17.96c, Guilders 39.11c, oo all 14.98c, Sweden 56c, Norway 16.62c demand.
Markets from Indianapolis and Chicago report fresh eggs butter market prices and poultry receipts. Indiana creameries offer butter fat at eight cents per pound as Chicago notes varied butter creamery prices and poultry quotes across fowls ducks geese turkeys and roosters with regional range details.
Grain prices closed lower at the Chicago Board of Trade as a weak undertone in wheat persisted from lack of foreign demand and speculative buying. Cotton cash and futures marked softer tones while corn oats and provisions moved on supply demand signals and foreign buying.
Chicago June 12 car lot receipts show Wheat 26, Corn 146, Oats 154, Rye and Barley 10. The grain table lists bid ask close and July September prices for wheat and rib, with small fluctuations noted across contracts. Markets reflect fractional changes and ongoing volatility in grain futures.
Daily cash grain notes report bids and inspections for Indianapolis and Chicago. Wheat No 2 red priced around 1.15 to 1.18 at Indianapolis, corn varieties steady to higher with white and yellow types cited. oats stable. hay firmer with Timothy and clover mixtures. Chicago market shows No 2 hard wheat at 1.13 and assorted corn and oats quotes, with timothy and clover prices listed.
Europe with a better crop is expected to import less grain than in prior years. Flood damage in the southwestern States remains unclear. Caterpillar pests in Oregon have been wiped out by flies. E H Quammer, president of the St Paul Federal Land Bank, cites a 30 percent drop in Northwestern wheat acreage after a thorough investigation. A wet harvest with disappointing rains is feared in the Southwest due to increased rains.
In New York on June 12, mining stocks dominated the curb market with Spearhead surging to 17 from 13, an 8 cent afternoon rise. Howe Sound showed strength as oil issues slipped and gas conditions in the midcontinent remained unsettled. McCrory Stores boosted May sales figures, keeping its new shares near 42.
New York stock and curb market officials dismissed talks of appointing a “dictator of the street” to stabilize confidence. Rumors name Benjamin Setriber as a possible appointee, though he says he has not been asked. A new security exchange, the Curb Stock and Bond Market of New York, is discussed but viewed skeptically.
Hog prices rose due to strong early demand from shippers at the local livestock exchange with tops around 7.00 to 7.30 but bulk receipts from 6.90 to 6.95. Sows and pigs edged up slightly while cattle, call market, and sheep and lambs moved at steady to firm quotes with year top prices noted. Receipts included 10,500 hogs with 127 holdovers, and cattle and sheep volumes near 1,000 and 500 respectively.
Chicago and other markets report mixed cattle hog and sheep receipts for June 12. Prices show gains for many classes with top hogs near 6.95, cattle steady to higher and sheep and lambs moving up in some regions. Strong demand from packers and feeders noted in multiple yards.
Raw sugar prices in New York rose as the market opened with July at 5.70 to 5.72, September at 5.74 to 5.75, and December at 5.17 to 5.18 per pound amid early trading.
The cotton market opened unsettled in New York with July at 28.50 cents, down 15 points, October at 256.03, off 21, December at 24.25 unchanged amid morning trading conditions.
Swift Co reports wholesale dressed beef prices with cuts including ribs loins rounds chucks and plates. Prices range from 6 to 28 cents for No 2 and No 3 grades across rib loin round chuck and plate categories.
The Standard Oil service station in Terre Haute was robbed by a gypsy woman as clerk Robert Hanrahan attended a customer. The thief fled after opening the cash register and taking 33.75 dollars.
Federal and state investigators probe an alleged poisoning plot against Rob ert Lambert a key witness in a 15 man automobile theft conspiracy case involving Kentucky and Indiana. Frank Francis claimed Walter Tracy supplied poison and asked Lambert to poison him but Francis handed the poison to Elliott wrapped in penitentiary stationery.
A garbled list of marriage licenses includes numerous individuals with ages and addresses across Indiana cities such as Kokomo Terre Haute and Indianapolis. Names like J R Farley Eva Cunningham Bertha Wiggins and Amanda Ennis appear with varied ages and street numbers.
A long OCR birth notice lists multiple families and addresses with newborns in the Clark Blakeslee Hospital area. Names include Ernest and Mary Pea, Louis and Nancy Green, Cornell Joseph and Delia Strodtman, Grover and Lela Bates, and many others across city streets such as N. Dear W. Tenth W. Ohio and East 8th. The entry associates each couple with a home address and mentions both male and female newborns in a terse roster.
The list records multiple individuals with ages and causes of death including Josephine Niermann 59 from acute lobar pneumonia, Vivian Butler a 30 minute premature birth, Essa Cooper 38 with heart dilation, Taylor G Farthing 84 with cerebral hemorrhage, Samuel Farber 73 with carcinoma, and John Watson Sothern 65 with pulmonary tuberculosis among others at various city addresses and hospitals.
A long list details permit actions in Rogers and surrounding areas including reroofs at 2210 N Sherman and 2202 Barrett, garages at 622 N New Jersey and 2521 Prospect, additions at 1168 Bancroft and 1853 N Delaware, remodeling at 410 W Washington, and various dwelling and gas tank works with dollar values ranging up to 4 400. Names cited include J Bass W H Coleman Marie BR Ratcliff and Sinclair Refining Company among others.
Manufacturers will meet with Chamber of Commerce Scientech Club and civic groups at luncheon Friday to study further the smoke abatement ordinance crafted by Theodore Weinshank. Monday's Chamber of Commerce meeting approved three changes: drop detailed boiler plan filings, extend heavy smoke allowance to thirty minutes, and add an appeal clause with technical engineers.
Encouraging updates arrive from the infantry training school at Frankfort where 113 officers of the Indiana National Guard are undergoing training under Adjt. Gen. Harry B. Smith today.
More than 12 million letters cards and parcels were mailed in England with insufficient stamps during a six month period, prompting customs and postal officials to review postage procedures and revenue gaps.
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