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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 16, 1925
Page
2
Speculative hopes over U S Mexico relations faded as the market opened with a better tone. Freight-car loadings rose to new highs for the year, signaling ongoing domestic business strength and lifting prices across representative stocks from Monday's downbeat reaction.
Raymond Dynes, 19, of 818 E Michigan St, inherits sixteenth of a million from his great uncle, with $3 150 in trust until his 21st birthday. He continues as a box maker at Marietta Glass Works earning $20.67 weekly and aims to learn plumbing while saving for a car and suit. He attends church, works since 15, and lives with his mother and stepfather Bert Mattson. Meanwhile farm markets report hogs, cattle, calves, and lambs with steady trends and mixed prices at Indianapolis Livestock Exchange.
The outline for a souvenir booklet prepared for the National Education Association convention reveals Indianapolis plans a school for crippled children to open this fall and six other extraordinary schools. It details facilities for pre tubercular and anemic children, mentally defective classes, incorrigible and truant pupils, a hospital school at Riley Hospital, and specialized programs including an average class and vision and speech impaired groups.
Isabelle Pope described letters to Billy about her engagement and family plans. She testified that Mrs. Shepherd was kind, and discussed an agreement to share Billy’s estate if the will were altered. Stewart pressed lines about Mr. Shepherd’s changed attitude after learning of the engagement.
The Soviet con cessions committee signed a preliminary twenty year agreement with Harriman interests for manganese fields at Chiatour Georgia. American investment of 4 million dollars funds mine improvements and rail links to Poti. Royalties to the Soviet Union are quoted at 1 to 2 million dollars annually once effective, with full American management and a monopoly on Russia manganese.
Local bank clearings show total $3,289,000 for Tu ne with base bits amounting to $7,080,000 in the period.
Chicago June 16 grain futures sank to new lows as spring weather boosted liquidation on the Board of Trade. Wheat saw rapid price changes with floor transactions fluctuating. traders expect stabilization after absorbing a heavy load. Corn liquidation eased as cash strength and lighter receipts offset favorable crop reports. Oats and provisions followed the general decline.
Chicago Grain Table dated June 16 shows wheat and oats prices with July September and December futures. Provisions and Butter values listed with bid asks and market shifts. details include No 1 wheat at $1.85 and assorted rye, oats, and corn prices, plus miscellaneous farm product notes.
The return of heat accelerates sugar trading as refined sugar prices rise with after hours announcements. Heavy withdrawals indicate rapid consumption amid drought abroad, fueling speculation of a near term rise. President remarks on the industry add to the stimulus.
United States District Attorney Albert Ward filed in federal court to recover 9700 on a bond of the Haynes Automobile Company of Kokomo Indiana. The bond was posted with M Bert Thurman Indiana revenue collector to secure excise tax payments. Water extension asked in Connersville to extend mains into East Connersville with a 40000 bond issue proposed.
A speed fine was issued to Rice Singleton of 2534 Central Ave. The incident was processed at police headquarters today.
The United States telephone hub has moved westward over 49 years from Boston to Logansport Indiana, narrowing the gap with population centers. Since 1876 the median telephone point advanced about 800 miles, outpacing population growth which grows around 1% per year while telephones rise about 6% annually.
A powerful electrical storm with heavy wind and rain hit New York and surrounding areas. A train wreck reportedly killed six people, wires toppled, and the Equitable Building shook from a lightning strike. A water main burst in Jersey City, flooding basements and prompting rescues. Three dead and nine injured reported in NYC.
Judge Robert C. Baltzell handled criminal cases in the federal courtroom. Judge Thomas W. Slick of South Bend presided over civil hearings in the law library. Harry C. Sheridan, referee in bankruptcy, conducted hearings in the judge's chambers.
Trade reviews indicate refined sugar stocks are accumulating as sellers flood the market. Reports of daily withdrawals are widespread but mostly forced on contracts long past due. With high inventories and weak demand, new refined sugar business remains scarce and raw sugar activity has slowed as refiners halt follow-on purchases.
In TORIO on June 16 Bazo Hirano a 62 year old night watchman started thirty fires to prevent discharge after claiming the town had nothing exciting. Police arrested him as the fires caused panic and required emergency response.
Fred Littard aged 40 escaped from the Central Hospital for Insane Monday. He wore blue overalls and shirt with a straw hat, black shoes, and has dark hair and eyes, police report indicates.
Mr and Mrs Henry Slick were found guilty by a Federal Court jury on charges of sale of intoxicating liquor and maintaining a nuisance. The verdict followed a trial six miles south of Indianapolis on the Madison Road.
Across EA ST BUFFALO TOLEDO CINCINNATI PITTSBURGH and Cleveland markets show steady to higher tone. Cattle receipts about 250 with steady to strong bid levels for shipping steers and cows. hogs around 4% higher in some places. calves steady. sheep and lambs mixed to steady with strong demand for good quality.
Indianapolis and Cleveland market notes show fresh deliveries of poultry including fowls leghorns and roosters with varied prices. butter and cheese markets list creamery and full cream types with regional bids. New York flour and sugar trends mix with turkey roosters and eggs, while Chicago reports steady butter receipts and milk products.
Kokomo Indiana discloses George Shank of Kokomo appointed trustee in bankruptcy for the Kokomo Cycle Company with a 1500 dollar bond by referee Harry C Sheridan. The first creditors meeting was held.
John Ridley charged with murder was granted a change of venue to Shelby County by Criminal Judge James A. Collins. He is alleged to have shot Bessie Frazier of 1412 Earlhart Street last January.
The Times Special reports that only the coastal corridor from Boston to Buffalo to Pittsburgh to Philadelphia shows population density comparable to China, India, and Southern Europe, highlighting a concentrated urban region in the United States.
A New York broker converts currency into pad form and sends it to a stationer to be made into pads. He claims this method keeps money from being mussed.
Readable text notes Meens tissue pet union suits offered in Round or V neck styles. Advertising shows 85 three for 2.50 dollars.
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