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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 23, 1928
Page
4
Wholesale butter No 1 47 48c No 2 45 46c lb. Butterfat 45c lb Cheese prices per pound varied Milan Longhorn New York 27c. Poultry buying around 22c lb hens 18c spring 134 lb 28c. Leghorns 23 25c. old roosters 10 12c. geese 8 10c. guineas 35c 50c. Milk and potatoes quoted, mixed regional levels.
A late rally led by railroad shares and coppers lifted the New York Stock Exchange after a dull day. Carrier, Western Maryland, New York Central, Atchison, Nickel Plate, St. Louis Southwestern, Delaware & Hudson, and Missouri, Kansas-Texas rose amid merger rumor activity. General Motors, General Electric, and U S Steel held firm while mail-order stocks gained on sales expectations. Pierce Arrow and Studebaker merger buzz influenced Chrysler. The Wall Street Journal noted rails showed strength, industrials lagged but resisted selling pressure during credit stringency.
Indianapolis bank clearings today reach 3 570 000 with debits 6 124 000. New York reports clearings of 1 235 000 000 and a clearing house balance of 126 000 000. Chicago shows bank clearings of 109 200 000 and a 12 700 000 balance. Foreign exchange in New York ends irregular with sterling 4 87 4 and various currency quotes.
New York trading opened with a rejection of an improved Federal Reserve bank statement and optimistic trade news. Buying was fair and prices were firm to higher at first, later under pressure from professional activity. News lacked specific value and carriers' earnings outlook remained favorable in Granger districts.
Market results from Cleveland stock and cattle markets show mixed activity. Beef and veal prices are listed with receipts and market tone described as steady to strong for various cattle categories and lambs, while hogs, pigs, and other livestock vary in price and demand.
At the Union Stockyards 7,500 hogs were steady to 35 cents lower per hundredweight with top at 10.75. Bulk 170 to 300 pound hogs sold 10.50 to 10.55. Vealers and fat lambs rose 50 cents while cattle and sheep were steady. Receipts about 22,000 with 4,700 direct, beef steers 13.25 to 14.75, cows 8.50 to 10.50, vealers 13.50 to 14.50, and fat lambs 15.50 to 16.50. 800 cattle yarded. lambs top 16.50.
Chicago hog receipts 22 000 market opened 10 to 25 cents higher with specific weight ranges and prices for packing sows butchers and pigs. Cattle receipts 15 000 calves 1 000 market dull with varied prices for steers, heifers, cows and bulls across weight classes. Sheep receipts 6 000 fat lambs active and sheep steady with price movements noted.
A crowded price list shows fruits and vegetables from California Jamaica and Florida with crates hampers and bags. Apples lemons strawberries pears and grapes are listed alongside beans carrots celery onions and potatoes with varied prices by crate or bunch. Local greens include spinach rhubarb and mustard while niche items feature Porto Ricans potatoes and assorted peppers with per pound or per crate quotes.
A fragmentary obituary listing multiple individuals with ages and addresses appears, mentioning causes such as lobar pneumonia pulmonary tuberculosis diabetes and other medical notes. The readable portions include names like Thomas J. Landrum Bessie R Eisenmenger and Agnes with various addresses in several streets.
E Grinslade files for a dwelling and garage at 1140 Alton with a porch addition. The notice lists Roan as the project location and mentions plans for a dwelling and a garage.
Wheat weakens late on the Board of Trade while corn advances and oats show irregular moves. Early gains stemmed from Liverpool strength and southwest storm damage, with harvest setbacks in the region. Northwest reports are favorable and about 1.5 to 2.5 million bushels exported. Trading in corn remains moderate. Weather reports forecast favorable conditions.
United Press reports mixed commodity quotes from Chicago and Toledo on June 22. Wheat and corn futures show modest moves while oats and barley quote at several cents. cash grains at Chicago and Toledo list No 2 and No 3 varieties with varied prices. Butter eggs and hay values also noted, reflecting daily market activity.
Cash grain figures show bids for No 2 red and other corn and wheat grades. Primary receipts at Chicago on June 22 include wheat 402000 against 765000 last period, corn 513000 against 967000, oats 157000 against 370000, with shipments for wheat 538000, corn 588000, oats 2495000 against prior totals.
In New York on June 22 the cotton market opened with profit taking rather than a shift in sentiment. Traders expect delays until the July deliveries next Tuesday and view any move as technical. Despite this, analysts see an upward bias due to anticipated shortages guiding open market action.
Indiana Association of Workers for the Blind finalized a plan to draft a pension bill for the blind and present it to the legislature next session. A committee will prepare the measure under executive approval, amid conservative opposition and concerns about pension administration affecting blind workers. One third of members are blind and many are alumni of the Indiana Blind Institute.
Four YWCA leaders resign this week to pursue different work. Frances Toy and Bernice Copeland leave as industrial secretaries at two branches, Katie Kinder departs as business secretary, and Annie Moore Dughtry steps down from Girl Reserves leadership, ending their terms.
Attorney for Russell Borden told Municipal Judge Wetter the ale stored at 1225 College Ave had turned alcoholic only after several days in warmth. Police had found five gallons and eight quarts in the raid on May 2. tests on June 6 showed a 5 plus kick. The judge took the case under advisement.
Frank E. Rozelle United States marshal for the northern Indiana district called for a federal grand jury investigation in South Bend into the Omaha Tapestry Paint Company. Robert Hicks, editor of South Whitley magazine, charged the business sold paints and materials to women for home work while advertising labor to produce art products and buy back finished pieces if satisfactory. Hicks also protested Rozelle’s appointment as U S marshal, approved by Senators James E Watson and Arthur R Robinson.
Fire Prevention Chief Horace W. Carey urged Fire Chief Harry E. Voshell to add inspectors in the 1929 budget. The department needs more inspectors for factory prevention work and educational programs in schools and business houses.
New York June 22 Curtiss Airplane and Motor Company plans to double its capital to 600000 shares from 300000 to fund expansion. Stockholders meet July 2 at Garden City to vote on increasing common stock and to broaden manufacturing capacity for motors and planes.
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