Blue Monday Market Losses Mark Fresh Declines
Market trading opens with renewed losses as Blue Monday pushes several indexes lower. Analysts cite cautious sentiment, weak manufacturing data, and global cues weighing on investor confidence.
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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 18, 1923
Page
3
Market mood sours on oil trade and stocks fall
Wall Street trading opens with scattered liquidating orders as oil concerns bring weakness to rails and industrials. American Can and Studebaker drop. California crude updates push further lows. overall market shows heavy tone with limited intra‑day activity and scattered inside support fading by noon.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
American Can
Studebaker
California
Pete
Sinclair and
Cosden
Foreign Exchange Market Opens With Mixed Movements
United Financial reports a low opening for the foreign exchange market as many rates move irregularly. Sterling at 34.61 percent, francs around 6.23 percent, lire near 4.57 cents, Belgian 5.31 percent, marks at 135,590 per dollar, and other currencies showing varying demand and cable quotes.
MENTIONED IN THIS ARTICLE
United Financial
New York
Sweden
Norway
Denmark
Easy Tendency Noted in Early Curb Trade
New York June 15 easy tendency marked the curb market open with no distinct oil group trend. Maracaibo rose amid subsequent selling while Ohio Oil advanced to 63 on early sales. United States Shoe Machinery led the manufacturing group, gaining 14s on initial trades.
MENTIONED IN THIS ARTICLE
United Financial New York
Maracaibo
Ohio Oil
Nited States Shoe Machinery
Market Report for Potatoes and Poultry Across Cities
Markets-Cleveland and Chicago report potato prices in 150 pound sacks and various poultry and butter prices. Butter fat payments noted in Indianapolis creamery, with cheese and egg receipts and assorted regional grain and dairy quotations across New York, Chicago, and Milwaukee markets.
Grains End Day Lower After Nervy Trading
Prices closed lower at the Chicago Board of Trade as heavy wheat liquidation extended through the day. Despite favorable early crop reports export business and oats showed weakness in step with corn and wheat while provisions also weakened on tepid demand.
MENTIONED IN THIS ARTICLE
United Financial Chicago
Chicago Board of Trade
Chicago Market Receipts and Shipments Report
Chicago on June 18 shows primary receipts for Wheat 976000, corn 712000, oats 1029000 with prior totals 1200000, 1071000, 823000 respectively. Shipments list Wheat 475000, corn 305000, oats 553000 with prior 595000, 949000, 387000. Car lot reese notes Wheat 19, corn 80, oats 75, rye 3 cs ley 4.
MENTIONED IN THIS ARTICLE
Chicago
Grain Prices and Receipts From Indianapolis and Chicago Markets
Daily receipts and bids for wheat corn and oats at Indianapolis board show No 2 red wheat 1.14 to 1.17 while Hays firm No 1 timothy 19.50 to 20 and No 2 timothy 19 to 19.50 Prices in Chicago June 18 list No 2 red wheat 1.14 and corn ranges No 1 yellow 84 84 5c with mixed and white varieties also offered Barley rye timothy and clover hay values noted for regional grain market readers.
MENTIONED IN THIS ARTICLE
Indianapolis
Timothy
Hay
Cara
Timmhy
Chicago
Local Hay and Grain Prices From Market Report
Local market notes show hay prices with bales at 18 dollars for heavy mixed and light mixed at 16 dollars. Corn bids range from 90 to 95 cents, oats at 50 cents a bushel. Local wagon wheat is paying 1.15 dollars for No 2 red.
MENTIONED IN THIS ARTICLE
Wheateos Mille
Raw Sugar Market Faces Unsettlement in New York
In New York on June 18 unsettled trading hit the raw sugar market as the July option dropped to 4.59 cents from Fridays above 5 cents. Opening quotes showed July at 4.61, September 4.87, October 4.50, December 4.54 4.55 cents, with July options briefly near 5.05 cents after the plunge. Market activity remained volatile and British refiners cut grant prices by 1 shilling for prompt shipment and for August delivery.
MENTIONED IN THIS ARTICLE
Bae United Financial
New York
Opera
Cotton Market Opens Weak on July and August Prices
New York June 18 The cotton market opened weak with July at 27.40 down 45 points, August at 26.90 down 35 points, October 24.60 down 41 points, and December 24.05 down points.
MENTIONED IN THIS ARTICLE
United Financial E
New York
Sacrifice in Rhodesia Sparks Death Sentences
In Salisbury on June 18 a young native was burned at the stake as a sacrifice to the Rain Goddess. Six other natives were condemned to death for his murder, while clemency was recommended for the accused.
MENTIONED IN THIS ARTICLE
Salisbury
Rhodesia
Cloverseed Market Quoted At 7 10 A Bushel
Cloverseed was quoted seven ten a bushel in applications. The brief market note records the price level for Cloverseed, indicating a quoting convention used in the period.
MENTIONED IN THIS ARTICLE
Applis
Prizes for best decorated auto at Decatur firemen parade
Hoosier briefs report a best decorated automobile prize for the Decatur firemen's convention parade. Other items note Mrs. Walter Lockerbie's return home, a basement fire involving an iron, a $20,000 tuberculosis hospital drive in Bloomington, and various local happenings from Tippecanoe Lake to Vincennes and Columbus.
MENTIONED IN THIS ARTICLE
Decatur
Walter Lockerbie
Michigan City
Bloomington
Building Permits Listed for Multiple Dwellings and Additions
Walter Evans and others file dwelling permits across several addresses with values ranging from 1,500 to 7,000 dollars. Projects include additions, repairs, garages, sheds, and new dwellings. Companies named include Sinclair Refining and Grinslade Construction with multiple listed properties in Alton and nearby streets.
MENTIONED IN THIS ARTICLE
Walter Evans
Julian
L. Pendergast
Castle and Bowman
Clarence Sant Tee
E. Sixteenth
Prncenaca
Arbor
Ncon
Earhart
N. Miller
Broadway
Bennard
Drexel
Sampeco
N. Harding
Sinclair Refining Company
N. Meridian
Meridian and Wilkins
Es Rueee
N. Riley
Grinslade Construction Company
Jutt
E. Washington
Marcey
N. Arsenal
Marcy
Boeken Realty Company
Alton
Lovee
Union
Dressed Beef Prices at Swifty's Co
Wholesale selling prices for dressed beef at Swiftys Co list Ribe No 2 18c No 3 16c LoinsiR No 2 26c No 3 23c Rounds No 4 20c No 3 17c Checks No 12c 3 19c Places No 2 Te No
MENTIONED IN THIS ARTICLE
Swifty’ Co
Ribe
Hogs Find Ready Market Locally
Prices paid for pork on foot at the local livestock exchange today were 15 to 20 cents higher than Saturday due to light receipts and strong shipping demand. Top for select lights reached 7.75, with most receipts between 7.65 and 7.70, receipts 5,000 including 104 holdovers. Cattle and calf markets showed mixed but firm trends, steers up to 11, calves 10 to 10.50, sheep and lambs active with spring lambs from 15.50 and ewes around 6.
MENTIONED IN THIS ARTICLE
United Financial Chicago
Texas
East Buffalo
Louis
Pittsburgh
Cincinnati
Cleveland
Livestock Market Prices Across Cities June 18
Chicago and East Buffalo report cattle, hogs, and sheep receipts with mixed tones. Prices show gains for some hogs and steers, while calves and lighter cattle hold varied values. regional activity remains steady to fairly active across markets in Pittsburgh Cincinnati Cleveland and St Louis.
Had Your Pint of Milk Today
Washington reports the Department of Agriculture says the U S consumed forty five billion pounds of milk last year equal to about 400 pounds per person. A pint equals two glasses and health experts urge regular milk consumption as a nutritious food.
MENTIONED IN THIS ARTICLE
Times
Washington
Department of Agriculture
Storms sweep upper Mississippi Valley death reported
Storms swept the upper Mississippi and Red River valleys causing one death and extensive property damage. High winds wrecked buildings tore down lines and disrupted crops as heavy rain lashed the region in the night.
MENTIONED IN THIS ARTICLE
Mississippi Valley
United Press
ST. Paul, Minn
Mississippi
Red River
United Kingdom Reforestation Effort Amid Supply Strain
The United Kingdom, previously slow to plant trees, now pursues a large reforestation program. Despite heavy taxation and tight funds, it has acquired 2,426 acres for forestry and has already planted 10,693 acres of hardwood and coniferous trees by year end.
MENTIONED IN THIS ARTICLE
England
United Kingdom
Jarvis to Speak on Recreation at Mercator Club
R Walter Jarvis superintendent of parks will discuss recreation and public playgrounds at the Mercator Club weekly luncheon Tuesday at the Spink Armory. Clarence Martin Indianapolis attorney is listed as booster for the event.
MENTIONED IN THIS ARTICLE
R. Walter Jarvis
Mercator Club
Spink Arma
Clarence Martin
Indianapolis
Tin Can Tourist Symbol Of Real Summer Vacation
Washington June 18 The tin can is the symbol of a 1923 model vacation per the American Automobile Association which lists over 1200 first class camp sites across the United States. Some sites are fully equipped tent cities with water electricity and sewer systems while others offer roadside parking near streams.
MENTIONED IN THIS ARTICLE
Washington
American Automobile Association
United States
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