Confidence Marks Opening Of Stock Market With Rail Strength
New York June 16 United Press Stocks started the week in a confident mood led by rail shares which reached year highs last week Oils gained on production control moves in Oklahoma while occasional crude and gasoline cuts appeared. Industrials featured American Can and American Smelting with rise as U S Steel Anaconda AT&T and others moved higher. profit taking faded as authorities noted no technical impairment and renewed buying supported the market.
MENTIONED IN THIS ARTICLE
United Press
New York
Oklahoma
American Smelting
Studebaker
American Sugar
U. S. Steel
Anaconda
Erie
Ene Can
Mae Fieh
Southern Pacific
Westinghouse
Patyew Park Or
General Electric
Aespee Consolidated Gas
Can
Indianapolis Bank Clearings Show Decline From Last Year
Local bank clearings in Indianapolis on Monday totaled 3,185,000, down from 3,863,000 a year ago. Bank debits reached 1,391,000 versus 7,049,000 in the prior year period.
MENTIONED IN THIS ARTICLE
Indianapolis
New $35,000,000 Land Bank Bond Issue Opens
Public offering begins today for a new 35 million dollar ten to thirty year Land Bank Bond issue at 4 percent, priced at 101 with yield about 4 3 4 percent to 1954 and 4 1 2 percent thereafter. Underwritten by a national group led by Alex Brown & Sons with Brown Brothers & Co and others, exempt from taxes. Bonds dated July 1 1924 due July 1 1954.
MENTIONED IN THIS ARTICLE
Times Special
New York
Federal Land Banks
Alex. Brown & Sons
Baltimore
Harris, Forbes & Co
Brown Brothers & Co
Lee Higginson & Co
The
National City Company
Guaranty Company of
Indianapolis Stocks Bid and Bond Listings Across Local Firms
A dense listing of stocks, bonds, and notes from Indianapolis and regional firms. Prices show varied quotes for utilities, railroads, banks, and manufacturers, including Indiana Gas, Citizens Gas, Union Trac of Ind, Wabash lines, Ind Hotel, and Vandalia Coal with multiple issue dates and yields.
MENTIONED IN THIS ARTICLE
Ask
American Central Life
Amer Creasoling Co
Advance Rumely Co
Belt
Wee Belt R RR
Mate Century Bidg Co
Cities Service Co
Citizens Gas Co
Indiana
Aden Indiana Pipe
Indiana Title Guarantye Co
Indpis
Indianapolis Gas
Indpis & Northwestern
Indpis & Southeastern
Tel Co
Bell Co
Er Pub Util Co
National Motor Car Co
Public Savings Ins Co
THI
Ind
Union Trac
Vandalia Coal Co
Wabash R Co
Wabash Ry Co
Bonds Belt Rr&sy
Oss
Broad Ripple
Cent Ind Gas
Pak
Aeek
Ind Coke & G
Ind Hotel
Se Ind Hotel Co
Ind North
Wes Ind Ry
Wee Ind Serv Corp Ss
Ind Union Tr
Ji Indpis Ab Co
Indnis
Indpis L & H As
Indpis & Mart
Indpis Nor Fis
Indpis Union Ry
Aetna Trust and Savings Co
Trust Co
City Trust Co
Ess
Continental Nat Bank
E Trust Co
Am Nat Bank
Er Sav
Trac
Indiana Nat Bank
Indiana Trust Co
Bank Mar Co
State Bank
Merchants Nat Bank
Peoples State Bank Security Trust Co
State Law and Trap Union Trust Co
Wash Bankee
Grain Generally Higher At Close
The Board of Trade finished generally higher as wheat and corn tested new highs on crop news from the Northwest. Wheat faced profit selling at the top, corn saw profit taking but held well except for near term delivery, oats lagged and sold off slightly. Foreign buying supported a sharp finish in provisions.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Board of Trade
Northwest
Wheat and grain prices and receipts in Chicago market
Chicago wheat and grain quotes show mixed futures with July at 1.15 1.14 percent ranges and September around 1.15 1.14, with July and December contracts trading near 1.17 to 1.16. Carrot receipts for Wheat 82, corn 162, oats 119 are recorded for June 16.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Markets Report Butter Fowls Turkeys And Eggs Prices
Chicago markets show fresh exes and losses across dairy poultry and meats. Butter 22 22 40c creamery extras 40c standard 39 1 2c. Fowls and turkeys priced, ducks and geese listed, eggs and cheese steady with various regional receipts and prices.
MENTIONED IN THIS ARTICLE
Chicago
Standard
Young ‘Americas
Alabama
Louisiana
North
South Carolina
Wisconsin
Michigan
Midwest
Rio
Santos
Long Island
Pacific Coasts
New York
Ray C Starner Arrested On Fraudulent Check Charge
Ray C Starner, 28, of 518 E McCarty Sr, was arrested Sunday and charged with issuing fraudulent checks. Police say he passed a $100 check on GO E Treace & Co, 510 Lombard Building, in payment for a garage bill.
MENTIONED IN THIS ARTICLE
Ray C. Starner
E. McCarty Sr
Sie
GO. E. Treace &Co
Lombard
Pork and cattle prices rise at local livestock exchange
Hog prices gained five cents on light receipts of 7000 with brisk demand. Top $7.50, common heavyweights $7.40 to $7.45, medium $7.35 to $7.40, bulk $7.30 to $7.35. Pigs $5 to $7, sows steady at $6.50 to $6.65. Cattle sold near Saturday levels, cows $7.25, heifers about $9.25, calves $11, other cattle $10 to $10.50. Lambs down to $15 top. sheep $3.50 to $4.50. Receipts: cattle 800, calves 600, lambs 300.
MENTIONED IN THIS ARTICLE
Livestock Exchange
Chicago
East St.louis
Pittsburgh
Cleveland
East Buffalo
Cattle and Hogs Market News From Chicago and Other Cities
Chicago and East St Louis report mixed cattle hog and sheep receipts on June 16 with slow to steady demand. Prices vary by weight and class. Chicago notes lower cattle and steady sheep, while East St Louis shows slow cattle and higher hogs, with calves and pigs holding solid values. Major markets include Pittsburgh Cleveland and Buffalo with similar trends and price ranges for each livestock type.
Week's 420 Business Failures Reported In United States
The week tallies 420 insolvencies in the United States per R G Dun Co, highest in over three months aside from a mid May week of 447. Last year’s same week had 322 failures. regional totals show East 146, South 108, West 109, Pacific 57, while Canada drops to 28 from 57 two weeks prior and 59 a year ago.
MENTIONED IN THIS ARTICLE
United States
R. G. Dun & Co
East
South
West
Pacific Coast States
Canada
Butler College 69th Commencement Honors 152 Earn Degrees
Former faculty member Dr Elmer B Bryan urges defense through education at Butler College commencement addressing 69th ceremony on campus at 10 am. President Robert J Aley confers 152 bachelors and 3 masters as graduates receive honors and diplomas in an academic procession.
MENTIONED IN THIS ARTICLE
Elmer B. Bryan
University of Ohio
Butler
Thomas William Grafton
Montani Quartette
Robert J. Aley
Sheriff Captures Large Still in North Illinois Street Raid
Sheriff George Snider reported the seizure of a large still and mash at 2316 N Illinois St in this afternoon raid. A crowd watched as deputies removed the apparatus from the rear of the premises.
MENTIONED IN THIS ARTICLE
George Snider
Illinois St
Man Dies From Accidental Shot Wound in Harp Hogan Cain Case
Hogan Cain, 30, dies from a shotgun wound to the chest after a gun fires while he adjusts the sight in a vice. The incident is reported as an accidental discharge. In London, heavy modern traffic pressures Westminster Bridge. plans propose rerouting trams and omnibuses over Vauxhall Bridge to meet conditions.
MENTIONED IN THIS ARTICLE
United Press
London
Westminster Bridge
Vauxhall Bridge
To Save Flowers Poster Campaign Warns Tourists
Olympia experts announce a Northwest poster campaign urging travelers not to strip forest flowers. Three thousand signs will be placed along roads and highways to protect future blossom supplies.
MENTIONED IN THIS ARTICLE
Olympia
Wash
Northwest
Contractor Faults Plans Prompt Replacement
The contract disputes over Julietta improvements involve demands to remove and replace plans and specifications. The board of arbitration will decide issues after testing ceiling strength while six by six beams have been added to the west wing for temporary safety.
MENTIONED IN THIS ARTICLE
Julietta
John Kitley
Albert Hoffman
Harry B. Tutewiler
Accounts Board
George A. Weaver
John McCloskey
John J. Griffith
Lesle Colvin
Robert Frost Daggett
Board of Arbitration
Bank clearings rise year over year in May totals
Bank clearings in May exceeded last year despite lower activity and commodity prices. New York City drove a 3 percent gain, with total metropolis clearings over 20.72 billion, offsetting a 3 percent drop at outside centers. The South Atlantic and Southern States showed increases, while the West fell by 11.2 percent as commodity prices kept declining.
MENTIONED IN THIS ARTICLE
New York City
Metropolis
South Atlantic
United States
Tank Wagon Prices for Gasoline Brands Listed
Gasoline prices per gallon excluding state tax show Energes at 22.0 cents, Purol 18.2, Red Crown 18.2, Diamond Gas 18.2, Crystal Pep 214, Target 18.2, Silver Flash 22, Standolind aviation 23, Pee eon 12.7, Moore Light 15.5, Arclite 12.7, Per fection 22.7, Solvent 35, NAPTHA Lion Power Cleaners 22.6, V. M. & P. 22.5, Standolind Cleaners 23.5.
MENTIONED IN THIS ARTICLE
Target
Moore Light
Arclite
Perfection
Naptha—Lion
Hay and grain prices listed for Indianapolis markets
Market prices show Timothy hay at 18.20 per ton, mixed baled at 20.22, Timothy 18.92, corn 0.80 to 0.83 per bushel, date 0.50 to 0.52 per bushel, straw and wheat tied at 9 to 10 per ton.
MENTIONED IN THIS ARTICLE
Indianapolis
School Board to Meet on Wednesday with Architects
The city board of school commissioners will hold a conference with architects of three proposed new high schools Wednesday. Secretary F. L. Reissner announced the meeting.
MENTIONED IN THIS ARTICLE
City Board of School Commissioners
F. L. Reissner
Maccabee Body Plans Two New National Homes
Detroit reports the Maccabees will build two additional National Homes besides the Chatham Pa. facility. One home is anticipated in the South and the other on the Pacific Coast, serving aged members, with hospital, sanatorium, orphan home and schools. Sites are being considered and designs will follow, with completion aimed within ten years.
MENTIONED IN THIS ARTICLE
A. W. Frye
Order
Pacific Coast
Frye
The
Maccabees
Maccabees’ Orphan Home
National Home
Chatham
National Home and Relief Association
Long Minnesota primary heats up with crowded contests
In St Paul Minnesota voters faced light turnout as a record field of nominees battled in the state primary. Manus Johnson, seated in the Senate after Knute Nelson’s death, faced opposition from Sjalmar D. Jeants a communist and Michael Ferras a Socialist for the Farmer-Labor nomination.
MENTIONED IN THIS ARTICLE
United Press
ST. Paul
Minn
Minnesota
Manus Johnson
Senate
Knute Nelson
Sjalmar D. Jeants
Michael Ferras
Germans Seek Homes in United States Amid Immigration Limits
Berlin reports a flood of German applications for US visas far exceeding the new immigration cap. Consulates are overwhelmed and will apportion visas after policy details arrive. Last year 115,000 Germans emigrated, 68,000 to the United States as wanderlust and economic pressures push many to seek a better life abroad.
MENTIONED IN THIS ARTICLE
United Press
Berlin
United States
North America
Brazil
Argentina
Germany
Building Permits From Local Firms and Homes
A list of building permits issued for residences and small structures. Includes J H Habing Building and Realty Co dwelling at 227 Leeds for 35000, furnace 200, and various garages reroofs and remodels at multiple addresses with amounts from 120 to 45109.
MENTIONED IN THIS ARTICLE
J.H. Habing
George M. Scherer
Dweling
Sanders
Madison
H. E. Burkett
Dorman
Thomas Sweeney
E. New York
B. Mayhall
New Jersey
S$. Modlin
N. Bevilla
Walter ©. Tuttle
Cornelius
R. Nees
United States Distributing declares 3 percent dividend
The directors of United States Distributing Corporation declare an initial semiannual dividend of 3 percent on the companys 2,750,000 preferred stock. The dividend is payable July 1 to stockholders of record June 20.
MENTIONED IN THIS ARTICLE
New York
United States Distributing Corporation
Also Mentioned on This Page
Thomson & McKinnon
Atchison
Béo Ose
Cc & NW
Lehigh Val
NY Cent
Nor Pac
Nor & W
Pere Marq
Pennsype
So Railway
South Pac
Dlts
St Paul
Stl & SW
Union Pac
Timken
Thy
Kennecott
Pacific Oil
Cal
Gil
S$ Oil of
Sinclair
Texas County
Trans Oil
al Chemical
Aspan
Sears Ro
T&t
Chicago Grain Table
Aley
Butler College
Eleanor Viela Austin
Ruth Alice Bates Thomas Churchill Batchelor
del Man
Frances Ream
Mary Barnett Bear
Carrie Eliza Benham
Thomas Jefferson Bennett
LaVern
Sere Cathryn Bond
Dorothy Book
Edith Mae
Tts
Jessica Merrill Brown
Paul van Dyke Brown
Mildred Catherine Burkhardt
Howard Hamilton Burkher
Egsene Milo Bushong
Eural Bayfield
Rachel Nell Campbell
Faye Cantrall
Alle
Frances Cobb
Anna L. Conlen
Evans Wilkins Cottman
Mary Ellen Courtney
Mary Elizabeth Crew
Helen Margret Custer
George Earl Daniele
Russellawson
Dorothy Dill
Dorothy Justyne Dipple
Rebecca Lucile Dixon
Gwendolyn Louise Dorey
Elizabeth Downhour
Edna Louise Duncan
Pee Helle Durbin
Cay Everett Dyer
Irma Claire Dykes
Mary Matthews Early
Louise Elizabeth Enderlin
Max Harold Fisch
Katie Maddern Fisi
eEdith Fitzgerald
Lucile Sara Hodges
Helen Hoffman
Johanna F. Helmes
C. Glenn Hoover
Carl William Huber
James Nelson Jay
Paul Jona
Harold F. Kealing
June Keefauver
Ollie Wood Kelley
Vera Juanita Kersey
Albert Julian Kettler
Carlos Francisco Kieffer
Mary Katie Kinder
Kathryn Emma King
Elizabeth Kolmer
Herman William Kuntz
Milton Kurazzok
Helen Louise Myers
Toyoto Wada Nakarai
Elsie Nieman
Josephine AllanOathorne
Dorothy Emily Perkina
Paul Leonhillippe
Frances Richard Pinmell
Doris Josehine Poe
Mary Elizabeth Otter
Lowellayne Pruett
Marjorie Retherford
Archie Wayne Reynolds
Mildred Pritchett Reynolds
Louise Lois Rich
Mildred Irene Ross
Henry Leo Rubsam
May Kolmer Schaefer
Homer Hayes
Mary Kathryn Wise
Zahbeth Rippetoe Witt
Willara Winscr
Ittham Adee
Mary Martha Wolf
Virginia Mae
Ruth Esther Wooley
Lester Irwin Young
Stanley Adair Cain
Mary Elizabeth Dugan
Edwin C. Berryhill
Frederick W. Cady
Henry Edward Gipson
Orville Justice Hooker
Harold Haskett Hungate
William Lawrence Kiser
Hugh Walden Middlesworth
Katherine Turman Seltell
Lundy Earl Welborn
Edith Shelby Berry
Yaotong C. Lee
John Henry Walker
Ralph Wadsworth Snyder
Sheriff
Big Still
Loeb
Lorraine Nathan
Richard Loeb
Robert Franks
Dickie
Maccabee Body
L Edge
Detroit
National Homes
Maccaees
Magnus Johnson
U. S
Washington
Indianapolis Times
New York Ave
Washington, D. C
Congress
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