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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 14, 1930
Page
3
Chief of Police Jerry Kinney urged drivers and parents to enforce safety rules as 60,000 school children go on summer vacation. He stressed guarding children from water hazards and street play. City opens forty-two playgrounds Monday to provide supervised recreation and reduce accidents.
General commission and local selling pushed July wheat to a new crop low on the Chicago Board of Trade before noon. Prices closed sharply lower as light buying and short covering checked the decline. Corn held, oats and rye fell. provisions steady. cash prices down. Receipts: 5 cars. Liverpool mixed after Winnipeg strength. Overnight east sales 50,000 bu.
Grain close reports from Chicago and Toledo on June 13 showing receipts for wheat corn oats and rye with figures for primary receipts shipments and cash grain close. Prices listed for No 2 red wheat No 2 yellow corn No 2 white oats and timothy hay plus clover and alfalfa values and associated cash quotes.
Cash grain bids listed at the Indianapolis Board of Trade with basis 41 2c New York rate. Wheat No 2 red 96 98c, No 2 hard 93 95c. Corn white No 3 58 79c, white No 2 77 78c, yellow No 2 74 75c. No 3 yellow 73 74c, mixed 71 72c. Oats 36 37 1/2c. Hay prices range from 10 to 14 dollars. Tymections show multiple car lots for wheat and corn with totals of 11 cars for wheat and 86 cars for corn among categories. Rye No 4 1 car.
United YORI New York reports closing prices and net changes for principal stocks traded on the New York Stock Exchange on June 13. Stocks listed show gains and losses with daily movement and value shifts among leading issues in the market session.
The stock market shows reduced nervousness and a improving undertone though business news offers no clear signal on market action. Russia seeks to buy a large tonnage of raw sugar injecting life into a distressed commodity group and prompting hope for broader improvement.
Kingan & Co quotes No. 1 top quality prices for meats and butter with extensive regional figures. Poultry prices cover hens, leghorns, springers, old cocks, ducks, and geese. butter and cheese prices listed for wholesale. midwest and eastern markets show flour, pork, lard, tallow, potatoes, and eggs with regional receipts and statuses.
In New York June 13 a Liverpool holiday limited cotton business. Local traders opened 10 to 15 points lower before prices climbed toward the prior close. Showers in the South aid prospects, with a large short interest noted. traders see a weather driven trading market likely lower in the near term.
New York June 13 The stock market rallied despite weak commodities with the Dow Jones industrial average up 2.01 to 249.15 and the railroad average up .05 to 135.18. United States Steel rose to 166 up 3, Auburn Auto 130 up 3, Radio Corp 43 1/2 up 2 1/2, Westinghouse Electric 156 1/2 up 4, Coca Cola 182 up 5, Consolidated Gas 122 up 2, Standard of New Jersey 72 up 1. Trade totaled 2,221,900 shares.
Indianapolis clearings Friday the 13th totaled 3,998,000 with 7,516,000 in debits. Chicago reported June 13 clearings near 100,000,000 and balances of 10,300,000. New York noted June 13 clearings of 1,506,000,000 with a clearing house balance of 231,000,000 and reserves of 190,000,000. Washington reports June 11 treasure balance at 58,263,209.25 with month to date customs receipts 15,143,135.50 and expenditures 206,612.14.
The report covers four months ended April 30 1930 with net after expenses 1 244 077 against 1 202 744 a year earlier. Fourteen months 4 168 585 against 4 004 693. Dividends declared by American Brown Boveri Electric Bank of United States and others. Stock splits and exchanges noted for several companies. Federal Reserve credit outstanding averaged 994 000 000 for the week ended June 11 down 41 000 000 from prior week and 294 000 000 below 1929. Copper prices cut to 13 cents a pound. General refractories and Electric Power and Light announce capital changes. Missouri Pacific directors and Goldman Sachs involvement. Craman & Co earnings down from 1929. Rubber industry production and shipments rise in April, with inventories near prior month and year.
The Bankers Trust Company directors declare a regular semi annual dividend of 3 a share payable June 30 to holders of record June 14. Illinois Water Service Company, a subsidiary of Federal Water Service, reports year end 1930 gross revenues of 644 thousand with operating costs 337.7 thousand.
Hogs receipts 500 with prices up to 10.30 for 165-250 lb pigs. Cattle receipts 100 dull with prime heavy steers at 9.50 to 10.00. fat cows 6.00 to 7.25. calves 5.50 to 9.50. Sheep receipts Police buck lambs around 10, clipped sheen figures noted. overall market activity mixed.
Hog prices trend steady to 5 cents lower with most 160 to 300 pound hogs selling at 10.30 to 10.35 per hundredweight top 10.35. Receipts 6,500, holdovers 289. Cattle steady amid sharp weekly decline. veals 10.50 to 11, calves 700. Sheep strong with better lambs 11 to 11.50. Chicago hogs 11,000 with 6,000 holdovers. today 10 to 15 cents higher than Thursday. Cattle 1,500. sheep 5,000.
Across Chicago Cleveland Pittsburgh East Buffalo and other hubs receipts show hogs up to 10.30 top at Chicago with mixed demand. Cattle receipts around 1 500 to 1 800 head with slow to steady trade and steer prices mostly 10 to 13.25 per hundredweight. Sheep and lambs also noted with higher bids in some markets and softer demand in others.
Frank J. Gilmore of Yuma Arizona claimed a world long distance phone error after a London caller asked about a marriage involving Ruth Jane Mix daughter of Cowboy Tom Mix. Gilmore replied no you have the wrong number after a 6000 mile call.
Contributions to the Police and Firemen’s Emergency Fund rose to 7100 after a third direct mail solicitation. Henry L. Dithmer, chairman of the sponsoring committee, expressed satisfaction with the voluntary gifts. Funds were raised by a circus.
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