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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 20, 1930
Page
14
Wheat opened higher with less selling, Liverpool strong yet fluctuating, and the Canadian crop outlook lending support while Indian prices weigh on gains. Corn and oats showed mixed moves. provisions steadied as weather remains favorable and cash demand for oats stays robust.
Hogs declined slightly at the stockyards with 160 to 300 pound stock selling around 9.75 dollars and a top of 9.80 dollars. Receipts were about 6 500 with 1 009 holdovers. cattle slaughter classes were dull amid a weekly decline. weaners steady at 10 dollars, 600 calves received. Sheep held steady to higher around 11.50 to 12 dollars with 1 100 head receipts. Chicago hogs totaled 20 000 with 7 000 direct. holdovers 9 000. bids about steady 9.55 to 9.75 for 160 to 170 pounds. Cattle 1 000. sheep 6 000.
Hogs receipts about 20,000 with 17,000 direct, markets steady to weak, top hogs around 9.85, assorted weights mainly 8.5 to 9.6. Cattle receipts 1,000 with mixed demand, steers 10.25 to 12.50, heifers 9.25 to 10.50, cows 4.56 to 6.75, vealers 9.50 to 11.25. Sheep receipts 6,000 with fat lambs 11.0 to 12.5, ewes 2.50 to 3.75. Northern reports from East St Louis and Louisville show similar softer hogs and steady cattle trends.
A list of marriage licenses shows Laurence W White 26 of 342 Congress and Clara Minaidi 24 of 5721 Madison with occupations clerk and stenographer. Lloyd T Howard 21 of 2530 East St Clair and Marjorie M Shope 18 of 1370 Ewing. John Fox 76 retired of 1733 North Meridian and Marie T Bush 46 of 1510 North Illinois. J Ed Burke 47 of 2033 Hoytman and Emma A Rattler 21 of 1206 Bou Sige.
The Dow Jones summary notes Michigan Steel declares an extra 1 percent stock dividend with Oct. 2 payable and June 30 record. City Investing and City Machine issue quarterly dividends. Banamerica Blair picks L A Woolams as director. Federal reserve credit up 12 million week. rediscount rate cut to 2 1/2 percent. American Telegraph suit seeks sale reversal to Western Union. Illinois Central notes May gross around 12.8 million. Road earnings show May net down about 400 thousand from prior year.
Banks and exchange figures from Indianapolis Chicago and New York on June 20 show clearings totaling hundreds of millions with substantial balances. Treasury data report June 18 net balance at 303 million and customs receipts for the month reaching 46.44 million.
Birth listings for Thomas and Margaret Worthington at 714 Highland Walter and Nellie Roberts at 1626 East Eighteenth Larry and Verna Finley at 1501 Spann ee and Alberta Jefferson at 941 Hos ock Delbert and Dorothy Wilson at 5235 Carrollton William and Audra Wysong at 5719 Rawles Joseph and Emma Wooten at 225 East McCarty ne and Helen White at Methodist hospital Harry and Helen Mockford at Methodist hospital Girls George and Melba Hobson at 5697 Broadway Walter and Myrtle Prentice at 1726 South Talbott Thomas and Ruth Donahue at 240 McKim aoe and Lola Lindsay at Methodist hos pit aul and Grace Davis at Methodist hos t Robert and Juanita Hollowell at Methodist ospit Harold and Ruth Francis at Methodist hos
The notice records multiple deaths including Gabriel Slutzky 44 at St. Vincent's from septicaemia, Anthony Hahn 80 at City Hospital broncho pneumonia, Catherine Kelly 50 and Mary A. Kennedy 64 with heart and myocarditis issues, Francis Marion Long 59 with cerebral hemorrhage, and several other entries. Also notes infant Miles 3 hours born premature and Russell Grenard 22 in an accidental death.
A list of issued building permits and estimated costs across multiple properties. Highlights include Charles Sowden reroofing at a cost of 50 dollars, Henry Kane filling station project for 12,000 dollars, A J Hueber remodel at 144 North Delaware for 3,500, and Ralph N. Spann reroof at 2829 North Meridian for 303 dollars, among others.
New York June 20 stocks on the New York Stock Exchange fell from opening gains ahead of noon after a strong start. Steel and Westinghouse dropped from morning highs while General Electric and American Telephone slumped then rallied slightly. Traders cited Fed rate cut news and reduced brokerage loans as factors.
New York June 20. The federal reserve system lowers the rediscount rate to its lowest ever level and extends facilities to aid constructive forces. Skeptics call it a confidence gesture, but bankers say the move reflects known weak business and will revive the bond market, commodity buying, and construction, spurring trade recovery.
Market notes from New York Cleveland and Cincinnati show steady to unsettled prices for eggs and poultry. Henery quality eggs quoted at various grades with leghorn and springer birds listed. wholesale cheese and butter values also noted along with tomal details.
MeiCesson Robbins reports four months of 1950 gross sales at 47.66 million, vs 26.90 million in 1929. Eastern Minnesota Power posts 299,969 yearly gross, with 145,617 income and expenses near 154,352. Fidelity Investment records May sales at 3.946 million, up from 3.074 million in May 1929. Pacific coast gets over a tenth of 15 million Central Public Service funds for 1930. Municipal Telephone dividends declared. General Foods offers employee stock purchase at 50 dollars per share. Cairo Water Company shows 92,038 annual revenue with 41,768 balance after expenses.
Sat gatherings include Sigma Alpha Epsilon and Phi Delta Theta luncheons at the Chamber of Commerce, Master Painters Association and Indianapolis Round Table luncheons, and an Indiana Christian Endeavor convention. A banquet for the Indianapolis Federation of Community Civic Clubs is planned at the Chamber next Friday. attendees include E O Snethen and A Leroy Portreus.
The judiciary committee split on a bill to curb federal court injunctions in labor disputes. One side would limit such injunctions to cases of violence or fraud after exhausting other remedies, outlaw yellow dog contracts, and back collective bargaining. The majority argues progress reduces need for federal action.
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