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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 23, 1927
Page
6
Early trading on the New York Stock Exchange showed oils and motors slipping while industrials advanced. Lasky Cuts Pay hit Paramount as salaries above $50 weekly were reduced by 10 percent, and Baldwin climbed to record highs on short covering and renewed buying activity.
New York clears totaled 889 million with 390 million balances reported. Foreign exchange firm with demand sterling at 4.85 and 32, francs 3.91, lira 5.74, and marks 23.68. Imperial Bank of India cuts discount rate from 6 to 5 percent in Bombay.
Wholesale butter prices show best creamery grade at 43 45 cents per pound and local butterfat at 40 cents. Poultry buying prices list hens leghorns and old roosters with varied weights, broilers up to 2 pounds at 25 27 cents, ducks and geese priced, turkeys at 20 cents for young, 15 20 cents old. New York reports dull flour and steady pork with midwest lard at 13.05 13.15, various raw sugars, coffee, tallow, and hay prices. Cleveland and Chicago markets show butter 39 42 cents, eggs around 25 35 cents, poultry ranges, potatoes and sweet potatoes price ranges, and Oklahoma Bliss Triumph stock noted.
In a June 23 report the Interstate Commerce Commission values the Sea board Air Line Railway properties at 129 616 557 dollars as of June 30 1918. The note accompanies Cotton Market commentary noting market declines tied to weather and other unpredictable factors.
Final arguments on the Delaware & Hudson Railroad request to acquire the Buffalo Rochester & Pittsburgh Railroad and to use Pennsylvania Railroad tracks between Dubois and Buttonwood Pennsylvania will be heard by the Interstate Commerce Commission on July 9. The hearing date was announced from Washington. The case involves approval to combine rail lines and share routes in western Pennsylvania.
John Knartzer, a commission merchant at 2041 Madison Ave, escaped when two robbers attempted a holdup as he unlocked his shop at 3 am. He ran to a nearby house and called police. the men fled before officers arrived.
County Filing Clerk Louis Meyers noted a record day with seventy five lawsuits filed Wednesday. He said this is the largest number in five years as many aim to beat the July vacation lull and land on fall dockets. Frank Green of Superior Court Two reports seventy nine divorce trials already scheduled for September.
Police officers arrested John Irving and David Redman after a stabbing report in a pool room at 37 West Michigan Street. Irving faces assault and battery and drunkenness charges. Redman admits to using a knife and is charged with assault and battery.
The Indianapolis Union Stockyards hog market opened generally 10 to 15 cents lower per hundredweight with Chicago around 10 cents off. Local sales centered at 8.50 to 9.25 dollars, top 9.35 for selected lights. Run estimated 9,006 with 1,128 holdovers. hogs 160-225 lbs at 9.79 to 10.35, 225-275 lbs at 8.85 to 9.00, 275+ at 8.50 to 8.85. Pigs cleared at 9 and sows at 7.25. Cattle trade irregular. beef steers 10.25 to 13, cows 6.25 to 8, cutters 4.25 to 5.50, stock steers 7.25 to 8.50. Calves 12 to 13. Sheep and lambs weak early but settled steady. fat lambs 14.50, bulk 14 to 14.50, cull lambs 8.50 to 10. Receipts about 1,100.
Receipts large as cattle hogs and sheep trade uneven with declines in veal and grass cattle. Chicago market shows steers steady to 25c lower, hogs mostly lower. Louisville Cleveland and other cities report varied gains and drops with top hogs near 9.75 and fat lambs around 15.75.
Local grain elevators pay 1.35 dollars for No 2 red wheat with other grades bought on their merits. United Press reports the New York Stock Exchange seat of Arthur S. Wheeley was sold to Robert H. Loeb for 210000 dollars.
A long list of farm produce prices from California Florida Georgia and Texas. Includes apples such as Fancy barrel apples Ben Davis at $3.50 and $3.25, seat basket apples 40 lbs, and fruit items like Cantalooupes cantaloupes $4 per crate, Grapefruit $5.75, Lemons $70.17, Pineapples Cuban $4.25, and Strawberries Tennessee $5 per 24 pts. Vegetables cover asparagus green beans beets cabbage carrots cauliflower celery lettuce mangoes cucumbers parsley peas potatoes radishes rhubarb sweet potatoes tomatoes with various unit weights and crate prices.
In New York on June 23 sugar traders focus on the July option with notice day tomorrow. Until it passes the market remains technical, yet there is ongoing accumulation in later months on declines, justified by a strong underlying market position.
Police report lists several Ford vehicles stolen from locations including Capitol Avenue Gale Street Ohio Street and surrounding intersections. Owners named include Russell Grimes 221 Good Ave Ford 566 892 James Goetz Edinburgh Indiana Myrom Cox Casmel Indiana Vernon Winnings Plainfield Indiana R W Deerman 718 Lawrence Ave Ford 20 929 S R Gaskill Plainfield Indiana with thefts noted near Fountain Square and Washington Hotel rear area.
Ford roadster with engine number 13 368899 and license plate 76 754 found at North Street and White River. Chevrolet found at State Avenue and Bradbury Street. Edward Young of Delphi Indiana Fore found at 559 West Merrill Street.
A long list of newborns and deceased individuals with names, ages, and addresses from Indiana Christian Hospital, Methodist Hospital, St. Vincent's, Central Indiana Hospital and city facilities. Entries include birth records such as Vosper and McKinney girls and numerous obituaries noting ages and causes like pneumonia, tuberculosis, cancer, and heart conditions. The no-ambiguity roster presents a cross-section of local families and medical facilities.
United Press reports June 23 that the North Atlantic seaboard will remain hot until this afternoon when showers relieve the humidity gripping the Eastern States as forecast by the local weather bureau.
Chicago June 23 Wheat prices averaged lower on the Chicago Board of Trade as weaker Liverpool cables and better belt weather weighed. Corn fell sharply from start with selling pressure, while oats and the cash market also traded lower. Provisions were dull and a touch lower.
Chicago reports primary receipts wheat 709000 vs 1071000 corn 761000 vs 461000 oats 317000 vs 347000. shipments wheat 431080 vs 584600 corn 56000 vs 852000 oats 200000 vs 344000. Cash grain prices listed for wheat No 2 hard 1.48 1/2 etc. Toledo closes with wheat No 1 1.49 1/4 corn No 3 1.21 3/4. timothy cash and futures, butter, eggs, and hay prices noted.
Astronomer Russell Sullivan reports Pons-Winnecke near the northeast sky between Vega and the Northern Cross. The tailless comet moves about 41 666 miles per hour and will brighten to naked eye visibility tonight before receding days later toward the sun’s pull.
P L Lohman a 65 year old night engineer of 1109 N Gale St was killed Wednesday night when caught in a belt driving the refrigeration compressor at the William H Block Co store. Smoke from the jammed belt drew outside watchman Joseph Guey who alerted night watchman Joseph Michel and Lohman’s mangled body was found. He leaves a widow two sons M L Lohman and C L Lohman of 1358 and 1109 N Gale St and two daughters Mrs E R Copper 611 E Southern Ave and Mrs C F Gierke 1348 N Gale St.
The Lions Club at Lincoln chose L. J. Drew as president at a Wednesday luncheon. Retiring president J. G. Thomas received a thirty-second degree Masonic ring. New officers include Tom C. Polk as first vice president M. V. Warner as second vice president C. S. Merrick as third vice president Rev. Fred A. Line as secretary Dr. K. B. Mayhall as treasurer directors C. H. Bruce T. A. Deckert J. H. Armington tail twister Charles Stevenson lion tamer Lee Emmelmann.
The City in Brief lists Friday events across Indianapolis including receptions, luncheons, and club meetings at venues such as Sev erin Garfield Park and the Chamber of Commerce. It also notes a pigeon owner sought by police, a car rear ending a streetcar, a speaking luncheon by Gustav G. Schmidt, and a fire incident on Sheridan Ave. streetcar. The Lake Erie and Fort Wayne railroad seeks a capital stock increase to extend tracks toward the Wabash south of Fort Wayne.
Major General Dennis E. Nolan, Fifth Corps commander, inspects Fort Harrison with Brigadier General Dwight E. Aultman and Adjutant General William H. Kershner. They praise Indiana cooperation and note C. M. T. C. troops marching to music after three days at the post.
At Bethel AME church in Indiana delegates heard that state law requiring two years of pharmacy apprenticeship blocks Negroes from licensure. F M Anderson of Terre Haute told how his son James T was barred after employers faced boycott and loss of business. The gathering featured James Weldon Johnson and notes of recent high court gains for Negro rights.
Mr and Mrs Charles B Spann failed to obtain a writ of mandamus to force a building permit for a filling station at Fall Creek Blvd and Delaware St Judge Harry O Chamberlin ruled against them and the case goes to the Supreme Court The city zoning appeals board postponed their permit plea and Mary Stanford’s to July 7 both tied to the same intersection.
United Press report from West Baden Indiana notes Dr Robert Oleson of the Public Health Service speaking at the National Eclectic Medical Association meeting. He cites Indiana and Ohio as areas where golf contributions and goiter studies emerge amid ongoing surveys of goiter in southern Ohio and among Indians.
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