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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 24, 1930
Page
6
New York June 24 United States stock prices drifted in a narrow range. Early gains faded, with American Smelting and Warner Brothers among the weaknesses while Columbian Carbon and Air Reduction led advances. Call money remained easy at 2 percent.
Indianapolis bank clearings on June 24 totaled 3 131 000 with debits 6 922 000. Chicago bank clearings 11 390 000 with a 3 800 000 balance. New York bank clearings 1 478 000 000 with a 185 000 000 clearing house balance and a 159 000 000 federal reserve credit balance. The Treasury net balance on June 21 was 373 292 342.36 with customs receipts up to that date 60 808 631. The rest of the text is garbled.
Guy Dean 23 confessed to robbing United Cab driver Guy Stout Saturday night at Fifteenth Street and Indiana Avenue. Detectives Ed Glenn and John Maren reported Dean admitted boarding the cab, striking Stout with iron, taking $1.85 and the vehicle. He had been paroled from the state reformatory and now faces vehicle taking robbery charges.
The Hunter family aircraft City of Chicago completed 303 hours of continuous flight at 6 40 am Indianapolis time over Sky Harbor Airport. John and Kenneth Hunter led the effort to set a refueling record for sustained flight and predicted five hundred more hours. The crew noted hard boiled eggs and chicken would suit meals as they press on.
A detailed vintage grocery list lists fruits and vegetables with prices by crate, box, or bushel. Items include Winesap apples at various prices, melons, peaches, pears, citrus, berries, and vegetables such as lettuce, celery, corn, kale, radishes, and spinach from California, Florida, Louisiana, and local Marion county sources.
An official campaign by the air ministry aims to provide air facilities for all regions in England from 175 existing airdromes to 237 final total. Five municipal dromes now operate in Bristol Blackpool Hull Nottingham and Manchester with several sites purchased at Carlisle Liverpool Plymouth Stoke on Trent Ipswich and Sheffield. Aeronautical experts say more dromes will spur private flying.
America s sky roads are lengthened by construction of ten new routes. The routes under construction include Washington to Cleveland Brownsville to Houston Salt Lake City to Great Falls Portland to Spokane Norfolk to Washington Brownsville to Ft Worth St. Louis to Indianapolis Columbus to Philadelphia and Los Angeles to Albuquerque.
Three ships of the Indiana National Guard Observation Squadron based at Stoutfield Mars Hill airport arrived back from Randolph Field Texas where the army dedicated a new air school over the weekend. Pilots were Major R F Taylor Lieutenant Howard Maxwell and Lieutenant D D Watson.
Approximately one hundred delegates attending the state De Molay conclave were scheduled for sightseeing tours of City Segee Core Monodax.
Hog prices slipped 40 cents across most classes at Union stock yards as receipts reached 9,000. The 160 to 300 pound hogs sold around 9.10, with early trade 25 to 40 cents under Monday for some sizes. Slaughter cattle and calf volumes shifted little while lambs held at 10 to 11 dollars.
Chicago led with 30 000 hogs and 5 000 cattle with mixed demand as prices fell 10 to 15 cents and 15 to 35 cents from prior levels. Top hog price reached 9.15 for 170 210 lb butchers. calf and sheep trades showed varied activity across regions including Cincinnati Cleveland and East St. Louis with declines in hogs and slow lines for fat cattle and lambs.
American Commonwealths Power Corporation plans a joint acquisition with American Utilities and General Corporation to take control of Dominion Gas and Electric Company for International Utilities Company. Canadian Fairbanks-Morse and Canadian Car and Foundry announce regular quarterly dividends. Federal Reserve notes loan and deposit shifts for mid June.
Market measures show fifty NYSE stocks at 22.859 billion dollars for the week ending June 21 1930 down 2.315 billion from the prior week and 9.2 percent lower. Chicago figures report 2.972 billion for fifty active stocks, down 9.15 percent.
The Public Service Commission approved Insull companies to absorb Union City Electric for 115000 with stock issued for the purchase. Interstate Public Service may acquire Griffin’s municipal distribution plant. Indiana Service Corporation to buy Salamania electric plant from Union City for 20000.
Frederick Richt 81 of 1008 Olney Street Indiana manager of the Brunswick-Balke-Collender Company was found dead in bed Monday Funeral services will be held at 2 Wednesday afternoon at his home with Rev Frederick R Davies of Zion Church officiating Burial will be at Crown Hill Cemetery
Two permits listed: Gertchen for a garage at 1130 Holliday and Two-in-One Bixby Co for reroofing at 1437 W Hughey. Additional entries note repairs at 2827 Ne Rage and 3500 Ef End Garage with 1433 Ona and 1437 lines, though details are partly garbled.
Wheat futures slipped to near 88.5 cents in late trading as lack of support and persistent selling drove July contracts down while corn and oats followed the trend. Provisions held firm and cash prices showed little change amid light trading and 18 car receipts.
Grain quotes from Chicago and Toledo on June 24 show mixed results for corn and various yellow and white corn grades, with oats at about 38 cents and barley around 46 to 51 cents. Wheat ranges 92 to 93 cents for No. 2 red in Toledo, while clover and hay prices are listed for domestic cash and futures.
Claude M Record, a grain salesman with the Central States Grain Association, was named manager of a new Farmers National Grain Corporation branch to be opened in Chicago. The office will be located at the Board of Trade building in this city.
Prices for eggs butter cheese and poultry across markets: hens leghorns ducks geese and turkeys with weights and various quality grades. New York Chicago Cincinnati markets note steady to firm poultry and steady egg receipts. prices quoted per dozen or pound in cents throughout.
Local notices report mutual insurance and Kiwanis luncheons and other gatherings at Centria Club Lions Club and Purdue Alumni Association. A fire at Puritan Bed Spring Co caused minor damage. Bankers Association offices moved to Circle Tower. A youth suffered a hand injury when a window shattered in rain. Retired businessmen honored at Merchants Association luncheon. Foreman State Corp executive to speak at Kiwanis. Schilling family reunion planned in Garfield Park. Mexican officials visit Indianapolis en route to New York for debt talks.
In New York June 24 analysts note that a commodity price rebound, particularly in wheat, helped reverse the prior downward stock market trend. Banking support showed itself, aiding high grade securities accumulation as liquidation pressures eased, with technical strength keeping hopes for continued recovery after Monday's rally.
A long list of birth notices records newborn girls for numerous couples at city hospitals including St Vincent's and Methodist. Names pair parents with hospital locations such as 515 Rochester Gaddis and Clara Berry at city hospital and John and Ethel Ryan at city hospital. Additional entries cite Ward names and street addresses for fathers and mothers across multiple neighborhoods.
The obituary list from St Louis records numerous deaths with ages and causes including chronic nephritis dilatation of the heart mitral insufficiency cerebral hemorrhage pulmonary tuberculosis toxic goiter and accidental deaths. Names include William Welsh Rosa Hager Aretta Wiley James R. Francis, Perry Lewis Owens, Dorothy Alton, and Mary Elizabeth Alter among others.
The Missouri-Kansas Pipe Line Company advances a 1 250 mile natural gas network from the Texas Panhandle to Indianapolis with extensions into Kentucky. About 5 000 workers and 600 field staff plus 50 engineers are employed with payrolls totaling millions monthly. The line, to be completed by December, will serve hundreds of thousands across Indiana Kentucky and nearby states.
A long list shows multiple couples receiving marriage licenses including Mellvain and Glare, Mints w Weblage and Graham E. Rines with Frances E. McConynnell, Audrey Boyd and Wessie Greenlee, Henley Abell and Marietta York, Rascal Condra and Vern Hunter, William Durell and Louie Robbins, Victor Michaelis and Elizabeth Feilman, Albert Cox and Mary Hill, Carl Sturm and Margaret Dilges, Harold Fowles and Florence Carmichael, Robert Dunn and Pe Clark, along with Moses Hill and Ruby Garrett.
Three petitions for voluntary bankruptcy were filed Monday in federal court. Bernard J. Heath a Muncie contractor shows debts of 4489.78 and assets of 877. Lem C. Kercheval a Sheridan merchant lists debts 4672.92 and assets 39. Ross W. Morris a former Greenfield merchant lists debts 238275 with no assets. An involuntary petition targets William H. Dawes and Nora May Dawes of Mooresville with debts over 4000.
Public auction announced for unclaimed freight on Wednesday June 25 1930 at 9 30 a m at Central Transfer and Storage Company 118 and 120 South Alabama Street Indianapolis Indiana. JACK BERNSY listed for Inapestd Lets Quen.
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