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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 26, 1930
Page
8
Wheat rose sharply on the Board of Trade with heavy buying from commission houses absorbing selling orders. Open contracts fell, encouraging demand as corn and oats firmed. cash prices unchanged. Receipts: eleven cars.
Grain close shows mixed corn and yellow varieties with prices around 0.77 to 0.78. Wheat red 95 to 96 cents. Barley 58 cents. Oats 42 to 44 cents. Timothy hay 1.25 per cwt. Creamery butter 37 to 38 cents. New York Stocks noted by Thomson & McKinnon.
Indianapolis reports Thursday clearings of 698,000 dollars and debits 3,903,000. Chicago clears 36,500,000 with balances at 3,900,000. New York Bank clearings reach 1,380,000,000 with 179,000,000 house balances and 145,000,000 Federal Reserve credit balances. Treasury shows June 24 total 358,077,669.31 with June expenditures at 6,570,164.29.
The body of Frank Land, 168 North Blackford Street, was recovered from the canal near West Street after a note indicated he took poison. Motor policemen Tony De Bar and Charles Johnson found his coat, vest and bottle of poison on the canal bank as police began dragging for the missing man. The note stated he was despondent overwork.
Charles Pool, a farmer living near Shelbyville, was arraigned before U S commissioner John W Kern on liquor possession and nuisance charges. Pool posted a 2500 bond after investigators from the Indiana attorney general's office testified they bought liquor from him. A 150in operation near Pool’s was noted by witnesses.
Framed schedule of clubs and civic groups gathering dinners and luncheons with dates and venues. Butler university delegates in Toronto for Kappa Alpha Theta, and Dr Amos W Butler to speak on Mental Hygiene at Butler University. Pollution prevention talks planned by Great Lakes and Ohio river boards of engineers. Public utilities asked to fix manholes to reduce noise. Community meetings cover patronage of home owned stores, lip reading class, and Scott white degrees push at cathedral. A fall circus and lawn fete to be held at Askren’s grove by the Old Bethel M E church Epworth league.
At 9 a m the report notes west wind 17 mph and temperature 71 degrees. Barometric pressure is 29.77 at sea level with a ceiling of 2 500 feet and visibility of 7 miles. Field conditions are listed as good.
A long OCR listing prices for apples and other produce from various regions. Items include Winesap apples at multiple prices, cantaloupes, berries, melons, citrus, pears, and greens with per crate or bushel rates and origin regions such as California Georgia Indiana and Louisiana.
Mars Hill Airport Embry-Riddle passengers to Chicago include C. M. Ahlene and Ray Martz. Indianapolis to Cincinnati lists B. Hagmeyer Mrs. F. Hatton Henry D. Dugger and H. Chapman. Hoosier airport staff H. C. Brooks returns from Louisville. Arthur Chevrolet passenger and William Williams from Huntington to Indianapolis in an Invincible plane. Capitol Airport Leo Appleton Crown Point to Indianapolis and back. Waco M. H. Katzine Canton Ohio to St. Louis via Stinson.
A list of building permits issued in Indianapolis details owners and projects including repairs, garages, and dwellings. Notable entries include Marion Van Ausdell at 4530 Manlove for dwelling and garage valued at 2750, and 1 Congress project for Roy Knai at 600.
Conferences on the Great Northern and Northern Pacific merger were held in New York on June 26 but no statement was issued by the deposit committee after discussions. The article cites numerous obstacles facing the merger and suggests postponement is likely.
Hog prices rose about five cents with most sales at 9.15 to 9.20 per hundredweight and receipts near 5,000. Slaughter cattle steady to higher, calves and wolves mixed, hogs stronger in Chicago with 30,000 hogs receipts including 11,000 direct. Sheep markets steady with lambs 10 to 11.50 for good and choice.
Hog receipts around 30 000 with 11 000 direct trade open steady to 10 cents lower later steady with top near 9 10. Cattle receipts 5 000 with calves 2 000, demand strong lifting many weighty bulls, steers and cows, top price 12 65 for slaughter cattle. Other markets show similar moves with varied weights and fat lambs steady to higher in spots.
A chart by Colonel Leonard P. Ayres shows six years of stock prices earnings and dividends for 25 leading firms. Prices peak at 533 in 1929 before the crash, earnings rise to 293 and dividends to 284, with notes on debt repayment and rising long term value.
Summary of May and year to date earnings and dividends for multiple firms including Reading Company Boston & Maine American Car Foundry National Power and Light and Kansas City Power & Light. Highlights include gains and losses in net income per share and five month totals along with upcoming dividends and corporate actions.
Wholesale No 1 prices from Kingan and Co list eggs hens springers leghorn hens and old cocks with caging weight ranges and prices. butterfat and cheese wholesale quotes. Chicago and Cleveland market reports show varying receipts and prices for butter poultry and potatoes. New York flour and pork values noted. The day’s summaries include fowls springers ducks geese and turkeys with price ranges and regional variations.
In New York June 26 More cheerfulness in financial comment amid mixed signals from steel auto and railway sectors. Executives of steel corp express optimism as American Tobacco declares extra and higher dividends easing investor gloom. London settlement clears some unease while many securities seem near bottom, suggesting ongoing bear market recovery.
The record names multiple couples with ages and addresses including William Nunley 53 and Emma Blackmore 39 both of Belmont, William Stafford 24 and Florence Bishop 22 of Division and Sanders, William Swisher 24 and Marjorie Waltons 21 of California, Floyd Searcy 29 and Pleasant Sarver 19, George W. Weller 22 of Lock Lake and Agnes Nyberg 20, Alvah Rich 29 of South Bend and Beatrice Chasey 26, Charles Hammel 40 of Marlowe and Ruth Dale 27, Richard Meyer 23 of Tibbs and Frances Chamberlin 23, Henry Koepper 41 of Lyr Drive and Bessie Fouty 55.
Fragmented OCR lists multiple individuals with partial street addresses and care facilities. Pairs include girls and boys with surnames Myre Jensen Garrison Harshbarger Isaacs Volpp Campton Olvey Davidson and others tied to Coleman hospital or residences.
Obituary notices list multiple individuals with ages and causes of death including chronic carditis pyemia cirrhosis liver acute enteritis myocarditis acute cardiac dilatation heart disease peritonitis arteriosclerosis and general paralysis. Names include Eva Weiss Christina Greiner Madison Hoffman Esaville Miller Lanahan Toole Garmano Conrad with hospital affiliations noted.
An aviation instructor and a student flier escaped injury when a Moth biplane lifting off from Boston airport plunged into shallow water in Boston Harbor from about fifty feet.
Chicago report says Jack McGurn known as Scarface gunman was convicted of carrying a pistol. The jury found him guilty after two ballots, sending him to a one year sentence. McGurn had claimed the search was illegal and vowed a new trial.
Attorney General Ogden issued an opinion that when superior court judges appoint a special judge they must deduct 10 dollars per day from the judges own annual 10 000 dollar pay in Marion county. The ruling notes exceptions for disqualification due to interest or change of venue.
Lincoln Oil Company asked to erect a filling station at State Road 52 and Kessler boulevard. The park board took the matter under advisement for two weeks. Board member Jackiel W. Joseph opposed the project, arguing Kessler boulevard is to be a pleasure thoroughfare and commercial ventures should be barred. The board also eased rules on new pee wee golf courses, allowing courses within 150 feet of a boulevard or park property instead of 500 feet.
New York stocks opened firm as bears faced buying orders, with United States Steel advancing to 156 then retreating to 154. New dividend news from Anaconda boosted copper shares while overall trading remained quiet with subdued daily volume.
Hogs receipts 400 with a market steady to 15 cents lower. Heavy hogs 8.25 to 8.60, mediums 8.75 to 9, Yorkers 8.50 to 8.75, pigs 6.08 to 6.50. Cattle receipts light, calves light, sheep light. Cash grain prices listed: Clover 12.30, prime cane 12.60, October 12.90, December 13.10.
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