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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jun 27, 1923
Page
3
The Wall Street Journal reports a cautious trading day with little variation from the prior close. Studebaker and Baldwin posted gains while rails and oils showed mixed moves amid liquidation in high-grade copper stocks and a broad market downturn.
Bank clearings in Indianapolis for Wednesday totaled 85 000 dollars with overall clearings reaching 3 060 000 dollars. The figures reflectGebite activity and show a decline from the previous period.
New York money market activity shows brokers bidding 5 percent on time loans with all major accommodations for shorter dates closed at 5 percent. Renewals and discounts remain at 5 percent as the market stays steady with unchanged rates.
June 27 foreign exchange rates and cable quotes include United Financisil, Tari Aeon at 34.60, Francs at 6.11 and 6.114, Lire 4.43, Belgian francs 5.21 and 5.214, Marks around 2.994 to 3.00, Guilders 39.20, Pesetas 14.74, Sweden 26.48 to 26.52, Norway 16.52 and 16.56, Denmark 17.69 with cables at similar levels.
Chicago grain brief notes that unless cash offerings rise, shorts may watch allocations closely as analysts forecast domestic grain demand. Ontario and Canadian fields show favorable moisture, Kansas oat harvesting set to begin, and Oklahoma winter wheat harvest is about 75 percent complete.
The raw sugar market opened in New York with July contracts under pressure as prices quoted around 18.5 cents while Cuban raws for July show softer levels. Futures edged lower on early trading, signaling a cautious start for the commodity.
New York stocks list for June 27 shows mixed results as traders react to market pressures. Major indices fluctuate with gains in some sectors while transportation and industrials lag behind. Analysts caution volatility may continue amid global economic uncertainty.
Chicago Board of Trade closes lower after a day of nervous trading with rallies and dips. Wheat held firm then slid to new lows despite export demand strength. Corn followed wheat downward as cash demand stayed slow and oats weakened later. Hog prices fell on weak cables and reduced demand.
Chicago markets show assorted grain quotes for June 27 with wheat at No 2 hard around 1.03 percent, corn mostly 84 86 cents, oats around 42 44 cents, and barley near 63 cents. Receipts include primary wheat 630,000 and corn 544,000, with shipments led by wheat at 412,000 and corn at 350,000. Local St Louis and other area quotes list No 2 white wheat around 1.03 and nearby corn futures near 87 cents, reflecting varied regional activity.
Fresh eggs 16c, butter 25c, spring 1% to 2 lbs 36c, fowls 19c straight, leghorn 25% discount, tom turkeys 23c old 18c, ducks 12c, geese 10c, squabs $5 per doz, butter fat 38c/lb. New York markets weak for pork and lard. coffee and sugar mixed. Cleveland and Chicago tissue prices listed for butter, eggs, poultry, and cheese. potato receipts and regional fruit prices noted.
Local hay market reports a lease for hay at 216.28 dollars and bales priced at 20 22, with size 270. Abbreviated regional details include AL and Be. The fragment notes pricing fluctuations and market activity in the agriculture sector.
Local mills pay $1.05 for No 2 wholesale wheat. Swift & Co. lists beef prices with No 2 loins at 20 cents, No 3 loins 15 cents, rounds 20 cents, chucks No 2. Prices reflect market rates for dressed beef components.
Reactionary stock exchange tendencies influenced the curb market in New York on June 27. Gillette Razor Co. rebounded after assurances of solid finances and a prior price drop blamed on broader market conditions. Some activity appeared in Chicago Steel Wheel preferred, Chicago Nipple, and Cox Cash Stores with minor declines in oils and mixed results in Goldfield Florence, Goldfield Deep, and Spearhead mines.
Washington reports production in iron and steel and petroleum rose in May to record levels while cotton use neared a maximum. The Fed index for basic materials advanced two percent as widespread activity and freight movements set season records. Banks reduced lending by 115 million between May 16 and June 13 amid volatile markets.
Mrs I BE Williams reported a freezer of ice cream stolen from her back porch Tuesday night. An investigation found a male suspect in the alley near Tear of ...
Large hog receipts in local and western markets pushed prices down 10 to 15 cents amid weak shipping orders. Early bids started at 7.45, with most hogs selling under Tuesday’s level as 11,000 head were exhausted. Cattle, calves, and sheep markets showed varied movements with steady to weak demand and mixed price shifts. Receipts included 800 cattle, 600 calves, and 600 sheep and lambs.
June 27 marketings across Chicago Cincinnati Cleveland Pittsburgh and East St Louis yield lower hogs and mixed cattle trends. Hogs mostly ease to 6.60 7.40 with sow ranges 5.75 7.46. cattle receipts 9,000 slow and about steady on better grades. sheep active for fat lambs around 15.25 15.50, with other regions showing varied pricing and slower demand.
Judge James A. Collins of Criminal Court will depart tonight for Cambridge Massachusetts to attend the funeral of his mother Mrs Jane E Collins 85 who died today She was the widow of Joseph Collins and mother of eleven children with eleven grandchildren and seven great grandchildren surviving
Rebecca Catora, 44, of 463% W. Washington St., was fined $100 and costs and sentenced to thirty days in the women’s prison by Judge Pro Tem Frank Symmes in city court for violating the blind tiger laws. A witness testified he bought "white mule" from Miss Catora for 26 cents. Lieutenant Corrigan and Sergeants Wilson and O'Connor testified.
A falling timber at Delaware and Wabash Streets injured Elmer Harmette a colored roomer at 514 West Michigan Street. The beams dropped twelve feet striking his forehead leaving him unconscious. He was taken to the city hospital. Harmette's home is Franklin Indiana.
Two divers were injured at Broad Ripple park swimming pool with a 15 year old fractured skull after a jackknife dive into three feet of water. Lawrence Genett 35 of Columbus was treated for a broken neck at Deanconess Hospital after a dive into shallow water three feet deep. Pool manager James Makin noted warnings and signs were in place. Local incidents included a collision on Massachusetts Avenue involving Jesse Johnson and B C Wysong.
In London on June 27 the annual Labor party conference rejected the Communist party's bid for membership by a landslide 2,085,000 to 366,000. Sidney Webb presided as Arthur Henderson and Ramsay MacDonald spoke. Webb predicted a Labour premier and cabinet by 1926 amid party growth and a 4,250,000 vote tally in the last elections.
United States District Judge John Slater signed a decree granting J. W. Hansel and wife a $24,078 verdict and costs against the Benton Harbor sect known as the House of David. Defendants include King Benjamin and Queen Mary Purnell along with the cult as a corporation. Coy Furnell and Stella Furnell are excluded.
United Press reports from Moscow say metropolitan Tikhon has died in prison amid unconfirmed treason and resistance claims. The former patriarch was allegedly recanting and blaming czarist regime pressures for his actions.
In Lake City Florida on June 27 the state began presenting evidence to conv ict Higginbotham for beating Mertin Tabert to death at a convict camp. Ten jurors were selected after ten hours of questioning including two businessmen and ten farmers. Three former Putnam Lumber Company guards will testify, with A B Shivers likely repeating prior statements of the foreman stomping and grinding his feet on Tabert as he lay ill and unable to work.
Delta Gamma province convention wraps with a model alumna initiation ceremony at University Club morning luncheon and a banquet at Spink-Arms tonight. Initiates include Nancy Johnson and Mrs. Cartwright of Miami University chapter Evelyn Hovey and Lenore Hinkle of Indiana University chapter. Morning program led by Mrs. Durham and Mrs. Miller. Banquet totals to be announced. responses by national officers Woollett Gradle Karlbacher and Marguerite Province. Banquet committee: Hershman Shields Hurst.
Detroit June 27 A third national political party to back Henry Ford for President in 1924 will be formed soon at a statewide convention of Michigan Ford for President Clubs. Rev William Dawe says the date is set to allow widespread delegate participation as Dearborn Club brass broadcast Ford pictures and distribute Ford for President literature. Hiawatha Kan June 27 Petitions with 50 000 signatures urging Ford to run have been sent to Detroit by John Kale founder of the Ford for President club Kale expects over 100 000 signers within a month.
A long column lists numerous marriage licenses with names ages and addresses such as Jeremiah Donahue 27 and Rose Biser 21 of Graceland and Singleton and H L Salee 30 with Elizabeth Smith 19 of Randolph and Spann and Rose Seller 21. The list includes Otto Page 25 and Rachel Julesanme 26, C M Hubbard 31 with Lillian Gregerson 31, and many others across various streets and cities indicating a large batch of recent marriages.
Building permits filed for Eli Lilly Company and numerous residents include motor work at 728 S Dela Florence Black furnace 1249 Reisner work by William J aes double 3105 Mac pherson with values listed. White addition 1309 Yandes A Stonehouse dwelling 348 Burgesa Pearl E Tomlinesa dwelling 1715 EB Tabor 1800 B Bootes reroof 530 Highland ell H Nicley reroof 3652 Clifton Rosz E Winder reroof 1057 W Thirty E Fisher reroof 628 S Fast 450 on B Overby repairs 526 Arbor Horace R Matthews dwelling 4816 Thirteenth 2500 on Sse D Pray remodel 1821 N New Jer 50 seine Snell dwelling 965 N Pershing 2 and G Potts Company repairs 816 cen Ave 250 1678 Wampner garage 1436 Williams erage DeHaas dwelling 1631 Asbury Sebben Inc repairs 25 W Washing Parkway Garage sign 350 MN Pennsylvania 225
Marion County tuberculosis report shows fresh air pupils gained up to twenty pounds during the school year with an overall average of 8.4 pounds. Potter Fresh Air School recorded the highest average though not as high as last year, with Ruth Cook gaining twenty pounds and Herbert Maples fourteen. At School No 12 on West and McCarty streets the twenty five pupils averaged 7.68 pounds.
The National Merchant Marine Association led by Senator Joseph E Randell argues that France Canada and Australia failed their government run fleets at high costs. It notes direct operation increases losses, cites private carriers as more profitable, and highlights Canada’s rail links and freight rate drops as factors reversing government control.
A London businessman is reunited with a gold-handled umbrella left on a tube train nine years ago. Scotland Yard informs him the umbrella was found in a first class carriage on a train between London and Colchester. The borrower failed to remove a name-bearing band.
The public service commission approved absorption by Wabash Valley Electric Co of seven utilities including Putnam Electric Cayuga H Electric Martinsville Gas and Electric Spencer Light Power Heat Water Gosport Electric Morgan County Light and Electric and Roachdale Electric. The amalgamation finances include $1,561,700 in securities. total Wabash Valley value listed as $1,345,663.18.
Noah H. Medsker, a farmer of Shelbyville, Indiana, was seriously injured today while harvesting when a binder driven by him became frightened and the machine jolted, throwing him from the mower and causing critical injuries. Local authorities and medical staff attended to him at the scene. Further details on his condition and the accident are not yet available.
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