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This newspaper page contains 31 articles. Subscribers can read the full text of each article.

Newspaper

Indianapolis Times

Location

Indianapolis, Indiana, United States of America

Date

Mar 03, 1927

Page

5

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Purdue University George A. Richardson Bethlehem Steel Company of Pennsylvania John F. Keller Purdue

Also Mentioned on This Page

Commission Ruits Arlic Giifornia Danketi Adeore Pennsylvania Michigan Red River Ohios Idaho Bakers New Wee Eee H. G A. Parmins Texas Louisiana Indiana Jersey Ray Halls Storks Amer Creosoting 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 National Wee 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 Indos Aes Amer Pale Union Rae Paes Rcs Banks and Exchange Newark N. J Bill Brennan New York City Chicago Grain Table Tate RY Seseveye Jim Watson Hoosier Briefs Peru American Circus Corporation Ed Lose Decatur Kaikika Mildred Scherer St. John Egu Honolulu Roland Obenchain South Bend Howard County Council John Russo Huntington Evansville 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
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