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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 14, 1923
Page
3
The Wall Street Journal notes oil stocks under pressure as crude production rises for the week to June 9 while steel shares remain heavy. Rails show no response to car loading figures for the week ending June 2. The session ends with little relief from the monotony and bears persistent but fruitless.
Time money rates for thirty to forty days at 4 percent, longer maturities at 5 percent, renewals at 5 percent. Commercial paper quotes at 5 to 6 percent with a slightly easier trend. Some paper offered at 4 percent on a limited basis.
Foreign exchange markets opened lower in New York on June 14 with key rates showing declines. Sterling demand at 34.61, cables 4.61. Francs demand 6 3/4, Lire 4.64, Marks 102.46 to the dollar, Swiss 17.93, Pesetas 14.78, Sweden 26.49, Norway 16.52, Denmark 17.83.
Cleveland reports Butter eggs poultry potatoes and more with varied prices. Butter extra in tubs 45c firsts 46c packing stock 42c. Eggs northern extras 20 4c firsts 22 42c western firsts 21 43c. Poultry fowls 23 24c roosters 18 20c ducks 38 42c. Potatoes Michigan 1.75 per 150 lbs Florida rose stock 5.50 per barrel South Carolina cobbrera 35.75 66 per barrel. New York flour dull. Park mess 25.50 26.60. Lard middle west spot 11.85 11.95. Sugar raw 7.25c refined dull. Coffee Rio 11 1/2 c. Tailow 6 7/8 c. Dressed poultry dull. Geese 15 1/2 c ducks 16 25c fowls 24 30c turkeys 20 30c. Butter 38 39c. Eggs steady 31 052 receipts 7,888. Nearby whites fancy 38 40c state whites 26 3c. Pacific coast 30 37c. Western white 27 37c. Nearby browns 31 37c. Cheese firm 22 29c. New York supplies: turkeys 25 41c chickens 18 43c.
The cotton market opened lower in New York with July at 27.75 cents, down 19 points, October at 24.70, down 43 points, November at 24.40, down 43 points, and December at 24.18, down 17 points.
Wholesale dressed beef prices from Swift & Co. list ribs Loins Rounds Chucks Plates by quality numbers. In Michigan City Indiana on June 14 Frank Costello is in serious condition after a crane contact with a live 3,300 volt line caused severe burns.
Realizing by local buyers after favorable crop reports pushed grain prices lower at the Chicago Board of Trade close. Wheat faced heavy selling on late advices of good crop conditions. Cash market weakened, corn and oats declined, while provisions also weakened as news mixed overall.
Chicago June 14 reports primary receipts for wheat at 507000 versus 717000 last period, corn 11000 against 829000, oats 485000 against 512000. Shipments show wheat 871000, corn 467000, oats 769000 against prior period totals, with further bar ley and rye figures noted in the update.
Indianapolis reports 54 cars of receipts with bids for wheat corn oats and hay at the Indianapolis Board of Trade. Prices show No 2 red wheat around 1.15 to 1.18, corn No 2 white 79 to 80 cents, oats No 2 white about 41 to 42 cents, and firm hay values from 17.50 to 20.00 per ton. Chicago and St Louis quotes list wheat about 1.13 to 1.08 dollars, corn 84 to 83 cents, oats 43 to 45 cents, with rye and barley also noted.
Grain markets shift to private handlers as of June 15 with the German Bread Control Board’s end. Wheat blight “black chaff” noted in Kansas. Fort Williams stocks fall as 3,000,000 bushels shipped. Spring wheat prospers in Minnesota. oat stocks in Minneapolis drop 500,000 bushels. exporters curb overseas consignments and sell direct. Labor in Southwest sufficient but harvest adds demand. Local hay and corn markets steady. oats around 50 to 56 cents. No. 2 red wheat at $1.15 in mills. Sugar futures weaken on a light market. early trading mixed with some buying as Wall Street weighs.
In New York on June 14 pressure in oil shares weighed on the curb market with widespread weakness. Prairie Oil and Gas fell after a regular dividend of 2 dollars, while International Petroleum Imperial Oil of Canada Ohio Oil Standard of New York Southern States and Gulf Oil of Penna also declined. Metals meanwhile showed contrast with some new issues advancing and Spearhead active before afternoon high.
Atlantic City reports that rail loads remain unpressed with expectations of a larger volume this fall. T. C. Powell of Erie notes peak traffic by Sept 1 and states cars and locomotives will be in peak condition. Other notes include factory and mill updates in Boston New York Detroit and Washington reports on production and car movements.
Rev Albert V Deery of St Catherine's Church spoke at St Anthony's Catholic School commencement on religious foundations of education. He urged loyalty to ideals formed in school and patriotism to God and country. He called Christianity essential to true citizenship.
William Boss, a farmer near Marengo, Indiana, received a substantial reward from the Davidson Bros. after treed an escaped monkey. He used sacks to coax the animal down and into a sack for capture.
In Terre Haute on June 14 attorney Austin Sweet faced a $5 fine after making remarks about baseball pools during a circuit court suit. In Gary on the same day police sought to identify a mutilated lake body found Wednesday with shoes traced to Detroit.
Farmers and traders saw hog prices rise about 15 cents from Wednesday as demand strengthened at the livestock exchange. A top of 7.25 appeared for a choice drive of seventy five while bulk sales ranged around 7.15 to 7.20. sows and pigs advanced with cattle and calf markets steady to active. Receipts reached 9,500 hogs with 214 layovers. calves strong on eastern demand. sheep and lambs steady amid the year’s heaviest run.
Livestock receipts and prices vary by city with hogs steady to higher, cattle mixed, and sheep and lambs active. Chicago reports higher hogs and mixed cattle. East Buffalo and Cleveland show steady to higher trends. Pittsburgh and Cincinnati reflect steady to higher hogs and steady cattle with lamb markets strong in several centers.
In Gary courts Mike Kaksk sues Sigmund Eisler for 5000 dollars claiming a Turkish bath caused steam burns scars and a severed tendon after he smashed a window shouted for clothes and injured his wrist.
A fire at the rear warehouse of Charles Railsback’s grocery at 39 41 W Sixteenth St destroyed its contents and caused $500 in building damage. Firemen say the blaze began near a gasoline and coal oil can and initial fears it would spread to several garages in Hampton Court. The grocery itself was undamaged.
Funeral services for Joseph H. Patton 24 a World War gunner's mate were held in Bridgeport with ex-service men. He died at his parents home after a short illness and is buried at Plainfield. Patton enlisted in 1917 served again after the war and was postmaster at Bear Creek Mississippi before returning to Indianapolis. He was born in Crawfordsville and played football at Ben Davis High School. He is survived by his parents and a sister Mrs. J. S. Serties.
The eighteenth annual Sunday School Congress at Mt. Paran Baptist Church in Missouri and Twelfth Streets will feature talks on What Is a Qualified Sunday School Teacher and the case for continuing the national teacher training course. Friday includes departmental classes and a cadet drill. The Saturday program covers Saving the race by saving the children, with a Literary Night planned for tonight.
Mrs Annie Tearchnor 32, living with her aunt Mrs Josephine Maroney at 611 Madison Ave, died after drinking poison in a failed suicide attempt. Hospital and physicians reported her condition not serious, with quarrels noted between the woman and her aunt in recent days. She was wife of William Tearchnor.
In Thorntown Indiana on June 14 thieves at Mechanicsburg entered the T H I B interurban station with carpenter tools and forced a service tank opening stealing sixteen gallons of gasoline and several freight packages.
The county grand jury returned fourteen indictments including six charging complicity in automobile thefts against nine men. Named defendants include William S. Johnson and Walter Lucas for vehicle taking, John Morartaty and Orville D. Webb for receiving, and Gwynn Gibson for grand larceny with thefts totaling cash and checks. Other charges involve larceny liquor law violations embezzlement and bad checks.
A marriage licenses notice lists individuals with ages and addresses including G Vaniandingham 36 Wilmington Bertha Huiman 30 Hotel Severin M R Hughes 22 215 S Ritter Mildred Reynolds 17 215 S Ritter diram Daves 81 Indianapolis Rachel Kelley 78 1005 Marion William Stevenson 24 513 Ogden Mal lisia Burns 1807 N Meridian Joseph Gillespie 27 458 N Dearborn Ethel Brown 22 S Tuxedo BK H Becker 1430 Heath Nellie Bur ress 20 1446 Heath Elisha Davis 54 Rush County Emma Wering 61 1509 Cornell H Kruger 63 1514 W Twenty Fifth Ada Wolfe 47 3833 Graceland W G Smith 47 1150 W Twenty Seventh Cora Halo 37 716 Indiana OC Setar 25 202 N Gray Irma Ingang 24 1028 Oxford Harry Hewes 21 1737 Alvord Mamis Lancaster 17 1809 Columbia W S Johnson 23 1435 Bates Ruth Cunningham 22 213 N Oriental
Clinton observes Flag Day with city in gala attire. The Women’s Relief Corps hosted a patriotic meeting at Mrs. J. L. Sanders home featuring a lesson in flag etiquette.
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