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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Mar 25, 1930
Page
6
Heavy profit taking trimmed gains after many issues rose earlier. United States Steel paused near its yearly high while American Can led advances. Oils and industrials posted new 1930 highs before broad selling pushed the tape down and volume spiked to over 2.2 million shares by noon.
Indianapolis reports March 25 bank clearings at 3 050 000 with 7 280 000 debits. Chicago posts 97 500 000 clearings and 6 900 000 balances. New York shows 1 792 000 000 clearings and 199 000 000 clearing house balance. Treasury balance on March 22 is 376 489 925.65, with customs receipts for the month at 31 398 249.20 and government expenditures of 6 683 679.91.
In St Louis on March 25 the brokerage firm W H Young & Bros Inc was ordered into receivership after a stockholder petition alleging failure to pay a preferred stock dividend and unwise transactions. The BBB reported sales of 3 to 4 million dollars in stocks and bonds since 1927.
The Stock Market column notes steady merger activity and a bank sponsored plan to expand world air transport facilities. It highlights cooperation between large corporations and banks, rising resource conservation, and ongoing oil industry improvements with a drop in crude output.
A dense catalog of market prices for fruits and vegetables from Commission Row. Includes diverse items with varied weights and units such as apples Balwins oranges strawberries beans beets cabbage celery cucumbers eggplant kale lettuce onions parsley peppers potatoes and more with numerous regional prices from California Florida Indiana Wisconsin Minnesota and Jamaica.
Hogs at Union stockyards trend weaker with prices about 10 cents lower than Monday. Bulk 150 to 275 pounds sold $10.20 to $10.70, top at $10.70, receipts 4,000 and holdovers 184. Slaughter cattle steady to 25 cents higher. veals $13.50 down. calves 200. sheep steady with few unfinished lambs at $9.50. Chicago hog receipts 17,000. holdovers 8,000.
Hog receipts reach 17 000 in Chicago with top hogs at 10.60 and strong cattle demand in blizzard conditions. Cincinnati reports mixed hogs 10.60 bulk with cattle steady and calves firm. Louisville and Toledo show lower hogs and steady cattle. Other markets in Cleveland Pittsburgh East St. Louis and Ft Wayne also list varied prices and steady to lower trends across hogs cattle and sheep.
Funeral services for Lucas B. Willis 55 civic and business leader of Indianapolis's Negro community were held at Bethel A M E church with an address by Rev R L Pope and remarks by Rev Charles Williams. Willis longtime undertaker, Mason and head of Lucas B Willis Undertaking Co and Quick Service Garage, died at 512 North West Street. Survivors include wife Cora C Willis two sisters and a brother. Burial at Crown Hill.
The week ended March 22 saw top Chicago Stock Exchange movers totaling market value of 3.162 billion, up from 3.067 billion. Firms like Dillon Read advised cash option windows for Central States Electric debenture holders and Twin States Natural Gas secured underwriting for a public share offering. Public Service Electric and Gas plans 1.15 million dollar substations in New Jersey as part of a 27 million dollar expansion. In transport, rail passenger miles fell 18.4 percent from 1923 to 1929 with revenue down 23.3 percent. Western Tablet and Stationery declared a 50 cent dividend. Investors Syndicate funded 563 thousand in February mortgage loans, totalling 27.38 million owed by 28 February 1930. General Foods now has 33,750 stockholders, up from prior months. Auburn reports Auburn dealers average 2.1 cars per dealer amid rising demand.
Market news shows wholesale poultry pricing with hens, leghorns, springers, broilers and ducks listed by weight and quality. Butter and cheese quotes from Chicago Cincinnati and New York reflect unsettled to firm trends, with various grades and products priced, including eggs and potatoes in midwest markets.
Market notes show f o b country points to Cincinnati or Louisville with freight. No. 1 timothy $12.50, No. 2 $11.50, No. 3 $10.00. No. 1 light clover mixed $11.50, No. 1 clover mixed $11.50, No. 1 clover $10.50. All prices stated as 23 percent cents or less.
A list of marriage licenses includes Alonzo C Hall and Josie Norish. William A McIntyre and Blondell Williams. Charles Graham and Gertrude Huddleston. Harold E Franklin and Genevieve Atkinson. James Lentz and Juanita Hancock. Clifford Malone and Esther Herron. notes on August ceremony and occupations. Community events: Walgreen Drug Company employees and wives banquet at the Y M C A with 50 guests, music by James Watts and Edward Johnson. Indianapolis Racquet Club meeting at Mrs A McFarland's home. Mid week Simpson M E church service on The Way The Trust The Life. Kokomo Improvement Club discussed Drama in the Interpretation of Life. Mock trial planned by New Bethel Baptist and Simpson Usher Board for March 31 and April 1 at Phyllis Wheatley Y W C A. Unity Club Mt Zion Baptist to meet at Mrs David Smith.
John J. Broden, previously connected with the Fletcher American Company trading department for ten years, becomes associated with R. H. Gibson & Co. stock brokerage now opening offices at 317 322 New Circle Tower building.
Reports on Wall Street say E. I. Du Pont may acquire Roessler & Hasslacher Chemical Co and Roessler stockholders set a special meeting next month. If closed the Roessler firm would keep its name. Other potential mergers involve American Solvents and Chemical Corp and United States Industrial Alcohol Co.
A list of births records numerous families with newborn girls including Benjamin and Sadie Leonard. Seay and Maud Tapp. James and Pearl Lowe. 7 Parsee and Ethel Grace. Arthur and Blenahe Morris. Thelma Manford. Angie Sturgus and Evelyn Walton. Helen Massingale. Edna Heuer. Goldie Helderman. Lola Hogan. Dorothy Heinlein. Carl and Edythe Neubauer. Leslie Hand. Katherine Cox. Hubert Arnold. Walter Boenning. Martha Dolls. Beatrice Burdsall. Bessie Owens. Freda Snder. Elizabeth Bannon. Ola Scott. Doyne Staggs. James Lane. Izabeth Lentz. Clarence Turner. Marie Turner. Lucille Valentine. James Scaggs. Wilma Scaggs.
A list of recent deaths including Daniel McAvoy 67 at city hospital from diabetes rallitue Wie wan and Allene Long age 2 at 316 North Blackford from broncho pneumonia along with Maud G. Davis 49 at 919 Farette from hypoa teshic pneumonia and Elizabeth Dicks 68 of 3034 Graceland from cerebral hemorrhage. Others include Robert ae 43 and Joseph Cowherd 56 with cardiac and lung conditions, Eliza A Gustin 78 at 1137 East 10th from accidental death, George Herman age 1 at city hospital with broncho pneumonia, Jennie L Shepard 66 at 1005 South Miracle from carcinoma, Julius A Janitz 79 at 928 Fletcher from uremia, Alvin S Lockard 61 at Methodist hospital with chronic encephalitis, Lucas B Willis 55 at 512 North West and Harriet M Quiright 85 at 419 East Ohio from lobar pneumonia, Fannie R Coyle 78 at 4344 Carrollton from arteri o sclerosis, John Beale 40 at city hospital with pulmonary tuberculosis, Marthe Etta Ransopher 86 at 1201 North Olney from carcinoma, Franklin B Holmes 58 and infant Bishop 1 day at city hospital from atelectasis, Christian Kirkhoff 63 at 1011 Hogan from acute myocarditis, Gus Puoredork 58 at 804 Paca from cerebral hemorrhage and Henrietta Amelia Reed 65 at 1231 East Minnesota from carcinoma.
A list of building permits and related costs includes Gus Schaub for a garage at 230 North Oxford and repairs at 2639 East Michigan totaling $400, N. Beaner for a filling station at 927 East Sixty third for $3,000, J A Rentsech for a dwelling and garage at 337 Congress for $2,150, Robert Horton for repairs at 1912 North Tacoma for $500, J N Shepherd reroof at 2963 North Sherman for $200, D Mather for fire loss at 128 East Thirty third, A M E Friese for garage at 542 East Georgia, Fletcher Avenue Savings and Loan Company garage at 2022 Houston for $420, and G C Cloud dwelling and garage at 5849 East Washington Boulevard for $17,500.
Judge Bertini said he was too ill to continue the obscenity trial of Mae West and 56 associates. The hearing was adjourned to Wednesday.
Wheat opened unevenly higher to lower on the Board of Trade as heavy snowfall from Kansas and Nebraska to Buffalo offset mild temperatures and supported some gains in Liverpool and Buenos Aires. Corn and oats were uncertain, with provisions steady and tradersSplit on whether demand or exports will drive prices up.
Local wheat prices show 1.00 for Rainted wheat and 94c for No 2 hard wheat. Legal notices include Central State Hospital bid proposals due March 28 and the Eaglesfield Link Company dissolution filed by Indiana Secretary of State Otto G Fifield. Also obituary notices for Burk Crossley Goodwin Mavoy Miller and others with funeral details and dates in Indianapolis and surrounding areas.
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