Stock market rebound follows sharp morning setback
The market dipped at midmorning then steadied as investors expected a brief reaction after weeks of gains. General Motors rose to 165 1 2, Steel 158, Baldwin 189 1 2, Allied Chemical 140 as Kell y Springfield climbed after weak 1926 results. Rubber also advanced to 65 1 2, with spring sales outlook boosting demand.
MENTIONED IN THIS ARTICLE
General Motors
Steel
Baldwin
Allied Chemical
Kelly- Springfield
Kelly
U. S. Rubber
Oil Magnate Doherty Rumor Triggers Street Selloff
Rumors that Henry L. Doherty, oil magnate, was critically ill sparked a selling wave in Baltimore Oil and Service Company stock on the curb market. The stock fell from the mid fifties to 48 as officials suspended trading for an hour to calm the market.
MENTIONED IN THIS ARTICLE
Bu Times
New York
Henry L. Doherty
Baltimore
Wall Street
Ities Service Company
Doherty
Henry L Doherty Ailing Capitalist At Johns Hopkins
United Press reports from Baltimore say Henry L Doherty once thought critically ill on Wall Street is alive and improving at Johns Hopkins Hospital where he has been since December 19. Specialists said his condition is not serious and he remains under care in Baltimore.
MENTIONED IN THIS ARTICLE
United Press
Baltimore
Henry L. Doherty
Wall Street
Johns Hopkins Hospital
United Press Today
Corner Ended Technical Condition of Wheeling Now History
The Wheeling & Lake Erie Railroad corner is ended as of today. Stock exchange members are no longer required to report transactions in the issue and a new common stock issue approved by the Interstate Commerce Commission is listed. No investigation results were released and the matter is expected to be dropped.
MENTIONED IN THIS ARTICLE
Wheeling
United Press New York
Wheeling & Lake Erie Railroad
Stock Exchange
Interstate Commerce Commission
Wheeling & Lake Erie
Shorts
Exchange
Sugar Market Report Notes Raw Sugar Demand and Stable Futures
In New York on March 3 the market shows interest mainly in daily senanCgons in raws. Refined sugars and futures show little change while large quantities of raws sell at 34 percent. Futures receive support and buyers expect profits for those who hold.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Cotton market holds prices amid profit taking in New York
In New York on March 3 Fifteen cents for December and January satisfied many holders of cheap contracts. Most sales were profit taking and sellers may reenter on any rally. Demand for actual cotton remains strong and buying is possible on weak markets. Leonard E Vail of New Salem Indiana filed voluntary bankruptcy in Federal Court Wednesday with liabilities of 2587 99 offset by 859 50 assets and a 600 exemption claim.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Leonard E. Vail
New Salem
Ind
Fruit and Produce Price List From Local Market
The clipping lists assorted apples including Jonathan Staymen and Grimes at various per-bushel and per-pound prices. Also appears are berries citrus grapes seafood and vegetables with prices for crates baskets and sacks, noting items like Oysters Gal, 2.40 to 2.75, Lemons California 4, Oranges Florida 4, Strawberries Florida 50c, and numerous regional produce price points.
MENTIONED IN THIS ARTICLE
Jonathan
Grimes
Pitzenberg
Staymens
Delicious
Jonathans
Greenings
Legittaurate
York Kings
Rome Beauty
Staymen
New York Baldwin
Licious
Taymen
Dalicione
New York
New York Kings
California
Florida
SEA
Local wagon wheat prices at $1.23 for No 2 red wheat
Local grain elevators quote $1.23 per bushel for No 2 red wheat and offer purchases for other grades based on merit.
Peppermint Oil Quotations Amid Market Tabs
Market notes from New York show peppermint oil prices quoted by firms Themson and McKinnon. Prices include 4.10 to 4.20 for natural oil with U. P. at 4.40 in the latest listings dated March 5 to 7.
MENTIONED IN THIS ARTICLE
Themson & McKinnon
New
Local Market Prices for Butter Eggs Poultry and More
Summary of wholesale butter eggs and poultry prices from area dealers. Butter at 62 53c per pound. Eggs strictly fresh with hen and leghorn prices varying by size. Turkeys and guineas listed with old toms at 25c and other poultry prices across breeds.
MENTIONED IN THIS ARTICLE
Crellery
In- Mevavolis
Banks and Exchange March 3 Update
Indianapolis clearings reached 5 507 000 with debits 7 598 000. New York balance sheet shows clearings at 1 024 000 000 and balances 108 000 000. Foreign exchange in New York opened steady with demand francs around 3.00 percent and Belga 13.89 cents per mark 23.7.
MENTIONED IN THIS ARTICLE
Indianapolis
New York
United Preas Oak
Meg
Tork
Belga
Against Debt Payment Warns Of Economic Fallout
Dr. Raymond Schutz of Manchester College told Kiwanis Club members that paying the European war debt now could be worse than cancellation. He warned gold payments would drain world gold, raise living costs, and gold output would hurt jobs if paid in goods or colonies. He urged understanding foreign problems over strict policy.
MENTIONED IN THIS ARTICLE
Raymond Schutz
Manchester College
Kiwanis Club
Claypool
United States
Schutz
Philippines
Chevrolet Motor Co Sets February Production Record
Detroit March 3. The Chevrolet Motor Company produced 85,821 cars in February breaking its monthly record from 1926. With full night and day shifts six days a week, officials expect a sizable March increase over February.
MENTIONED IN THIS ARTICLE
Detroit
Chevrolet Motor Company
Cattle and Hog Markets Show Day Declines at Indiana Yard
Hog prices edged down about 15 cents from Wednesday as Chicago markets weakened. Indianapolis receipts reached 4 000 with 617 on handovers. Top hogs hit 12.40 while most sales ranged 11.85 to 12.85. Cattle remained steady to firm with 1 000 beeves offered and beef steers 8.25 to 10.50. Lambs scarce but higher, fat lambs quoted up to 15.25 with bulk at 13.50 to 15.25 and cull lambs at 8 to 12.
MENTIONED IN THIS ARTICLE
Ene
Dupont
M. K
Sears Rock
NH & H
Ms Nor & W
Woolworth
St. Paul
Wn Union
Car & F
Austin
Cuba
Uba Ass
Fleischmann
Jewel Ca
U Punta Nat. Biscuit
Steels— Postum
Beth] Sabes
Ward Bk B
Colo
Chrysler
Dodge
Peerless
Hudson
Jordan
Mack
Kennec
Sni
Cal Pet
Houston
Pacific Oil
Ee Royal Sieh
Sitti
Texas S
Trans Pete
Ad_ Rumely Allis Chalm
Allied Chinone
Armour A
Amer Can
Americo
Chicago
Indianapolis
Live Stock Market Report From Louisville March 3
Hogs receipts 600 market steady tops 12 10. Cattle receipts 00 market steady. Calves receipts 200 market 50 lower good to choice 11 50 13 50, medium to hood 9 11, cut 9 down. Sheep receipts 50 market unevenly higher top 13 13 seconds 10 111 sheep.
MENTIONED IN THIS ARTICLE
Louisville
Local Employes Use Group Insurance Plan
Newark dispatch reports Indianapolis employers rank high in group life insurance. Prudential issued 24 policies covering 628 workers worth 821000 dollars for firms Holcomb & Hoke Manufacturing J I Holcomb Indiana Lumbermens Mutual Peoples State Bank and Hibben Hollweg. Peoples State Bank and Hibben Hollweg policies are contributory. others costfree to workers.
MENTIONED IN THIS ARTICLE
Prudential Insurance Company of America
Hoosier Capital
Holcomb & Hoke Manufacturing Company
J. I. Holcomb Manufacturing Company
Indiana Lumbermen'’s Mutual Insurance Company
Peoples State Bank
Hibben, Hollweg & Co
Escapes at Sing Sing Prison Involves Noted Killings
Joseph Pioli age 28 who killed Bill Brennan, a former prizefighter who fought Jack Dempsey, escapes Sing Sing with George Walmale 48 while guards pursue through New York area. Walmale jailed four years for carrying a pistol.
MENTIONED IN THIS ARTICLE
United Press
Ossining
N. Y
Joseph Pioli
Bill” Brennan
Sing Sing
George Walmale
New York
Pioli
Walmale
Brennan
Jack Dempsey
Tia Juana
Chicago Grain Table Recount Figures Mixed
The Chicago grain table shows mixed figures for March 3 with several entries like Bath and oats. Recounts list ranges such as 345,000 against 561,000 and 204,000 against 413,000 with 906,000 and 317,000 against in the provided text.
MENTIONED IN THIS ARTICLE
Chicago
Bath
Ainst
Wave of Selling Breaks Across U S Stocks Amid Large Holdings
Illness of rail holder George F. Baker and a broad drop in railroad and industrial shares trigger a market-wide selloff. United States Steel and General Motors slump, while Stromberg Carburetor halves its dividend and a 20 percent stock dividend is filed for. Pete Marquette bucks the trend with a small gain as can be seen across other majors.
MENTIONED IN THIS ARTICLE
Elmer C. Walzer
United Press Financial Service
New York
George F. Baker
United States Steel Corporation
Stromberg
Wheeling & Lake Erie
American Smelting
Colorado Fuel
International Harvester
Case Threshing Machine
Houston Oil
Allied Chemical
Delaware
Lackawana & Western
New York Central
Atchison
Pete Marquette
Wabash Preferred B
Fires Damage Three Homes In Local Incidents
Fire crews battled three separate blazes causing a total loss of 500 dollars. At 10 p.m. Wednesday a fire at 2529 Wood Street was started incendiary and owner A G Smock could not explain it. A separate blaze at 725 West Michigan Street caused 200 dollars in damage from hot ashes dumped behind a house. At 8 a.m. sparks at 3029 Jackson Street ignited a fire with 250 dollars in losses and investigators could not confirm the spark source.
MENTIONED IN THIS ARTICLE
Wood St
A. G. Smock
Michigan St
Oscar Adams
W. B. Patterson
Jackson S.t
Heated Senate Debate Over Indiana Registration Bill
The Indiana Senate debated a bill to repeal current voter registration rules, with a divided committee report. Backers called registration corrupt while opponents warned about unconstitutionality. Senator J Monroe Fitch argued no law existed before 1911. The minority report was rejected 15 to 23.
MENTIONED IN THIS ARTICLE
Indiana Senate
J. Monroe Fitch
Muncie
Nmionoriy
Watson gives up action on radio board nominees
Senator Watson refused to push Senate action on President Coolidge's radio commission picks. The Indiana Republican said recess appointments could be made, noting three nominees labeled by Senator Dill as hand picked Hoover men would receive pay only if confirmed next session.
MENTIONED IN THIS ARTICLE
United Press
Washington
Senate
Coolidge
Radio Commission
Senator Watson
Rep
Indiana
Interstate Commerce Committee
Watson
Dill
Hoover
Fretting baby saves neighbor as house burns down
In Russia ville a crying infant woke Clifford Chew who alerted Ford next door to a fire that destroyed the home. The incident prompted notes on neighbors and safety as a fretting baby helped prevent greater tragedy.
MENTIONED IN THIS ARTICLE
Clay Ford
Russiaville
Clifford Chew
Ford
Thirteen Drivers Charged With Running Stop Signals
Thirteen motorists were charged with driving past automatic stop signals and were to appear in municipal court today. Two alleged speeders named Harley Hartman, Truman Miles were 22 and 26. Clyde E. Lynch, 25, faced a separate charge for failure to stop after an accident.
MENTIONED IN THIS ARTICLE
Harley Hartman
Cornell Ave
Truman Miles
Washington St
Clyde E. Lynch
N. East St
Sex Indicted Backers and Cast of New York Play
Backers and actors of the New York play Sex were indicted for corrup tion of public morals and offenses against decency. Mae West leading woman and others in the cast were named in the indictments returned yesterday. Producer Do W Morganstern and two backers unnamed were implicated as well. The play had been running for a year and was approved by a citizens play jury.
MENTIONED IN THIS ARTICLE
New York
United Press
Citizens’ Play
Do. W. Morganstern
Mae West
Indiana official attends TB Christmas Seal design meeting
Murray Auerbach executive secretary of the Indiana Tuberculosis Association attends the National Tuberculosis Association special committee meeting to select the 1927 1928 Christmas Seal design. The committee will supervise the artist drawing the emblem used nationwide to fund anti tuberculosis efforts.
MENTIONED IN THIS ARTICLE
Murray A. Auerbach
Indiana Tuberculosis Association
National Tuberculosis Association
America
Two Children Die in Brooklyn Fire
In Brooklyn a ramshackle cottage burned early today while the mother was at work. Edmund Nichlowski eight and Carl three were found burned to death after an overheated stove is believed to have started the blaze. A separate night fire near a six story factory damaged the area for about 300000 and drove over a thousand residents to the street as walls toppled.
MENTIONED IN THIS ARTICLE
United Arena
Brooklyn
N. Y
Edmund Nichlowski
Carl
Woman driver sought in hit and run at Fayette Street scene
Police said they had no clue to the identity of a woman driver who left the scene at 1010 Fayette St after her auto allegedly struck Arthur Paris a five year old Negro boy of that address. Lee Adams stepfather of the boy heard him scream and chased the car but the license number was mud covered. The youth was not seriously injured.
MENTIONED IN THIS ARTICLE
Fayette St
Arthur Paris
Lee Adams
Grains Fall on Foreign News and Trade Outlook
Chicago wheat opened lower amid weakness in Liver Buenos Aires markets and regulatory changes affecting trading. Corn slid as eastern demand rises but local sellers push on rallies, while oats showed slight weakness and provisions held firm.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Chicago Board of Trade
Liver
Buenos Aiires
Lamb to Get Plum Formal Nomination for Kokomo Postmaster
Kokomo Indiana March 3 Morton J Lamb county Republican chairman has been formally nominated by President Coolidge to be postmaster of Kokomo. Lamb has been certified by the civil service commission as eligible and the Senate is expected to act this week. Ben Havens as current postmaster will likely turn over the office to Lamb around March 10.
MENTIONED IN THIS ARTICLE
Bu Times
Kokomo
Ind
Coolidge
Morton J. Lamb
Lamb
Civil Service Commission
Senate
Ben Havens
Will Speak on Steel at Y M C A Friday Night
George A. Richardson technical publicity director for Bethlehem Steel will address the Y M C A Friday night on The Manufacture and Treatment of Tool Steels. The talk includes motion pictures and replaces the regular Purdue engineering extension class led by John F. Keller.
MENTIONED IN THIS ARTICLE
Purdue University
George A. Richardson
Bethlehem Steel Company of Pennsylvania
John F. Keller
Purdue
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Commission
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Adeore
Pennsylvania
Michigan
Red River
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New Wee
Eee
H. G
A. Parmins
Texas
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Storks
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Amer Central Life
Olia
Ad Rumely Co
Belt
Citizens Gas Co
Comitizens Gas Co
Commonwealth Pan Co
Indianapolis Gasndiana Pipe Line Co Op
Beronents Suny Util
Standard Oil Co Ce
Wabash Ry Co
Ee —Bank
Actna Trust
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Fidelity. Trust Co
Broad Ripple
Centralndiana Gas
Isa Citizens St RR
Citizens Gas Co Bs
Indiana Coke of Gas
Indiana Hotel
Indiana Northern
Ind Ry
Corr
Indpl
Col & So
Indpls
Martinsville
Aaronwestern
Shelby & Sis Ba
Union Trac
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Amer Pale
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N. J
Bill Brennan
New York City
Chicago Grain Table
Tate RY Seseveye
Jim Watson
Hoosier Briefs
Peru
American Circus Corporation
Ed Lose
Decatur
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Mildred Scherer
St. John
Egu
Honolulu
Roland Obenchain
South Bend
Howard County Council
John Russo
Huntington
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Auerbach
Mabel Wood
Carl Wood
Kokomo Postoffice
Ideal Furniture Company
W. Wash
East Washington Street
White Furniture Co
Jake Wolf
Tom Quinn
West Washington
Everitt’s
N. Als
Ain
Joseph Chartrand
Meyer-Eiser Bank
The
Meyer-Kiser Bank
East Washington St
Indianapolis, Indiana