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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Mar 29, 1930
Page
5
United Press report from New York notes closing and net changes on principal stocks traded on the Stock Exchange for today marked by a 19 cent increase at Porker Mart amid broader market activity.
The New York cotton market shows complex early activity with arbitrage houses reversing positions and trading May and July against October and December. Brokers from New Orleans firms appear conspicuously in May selling, while general conditions hold steady and recent business gains are sustained. West Texas rains provide partial relief, and prices in the afternoon place summer months slightly lower than last night while winter months rise. A general advance seems more likely than a significant decline.
Building permits listed for McCoy and others across North and Draper avenues, including additions and repairs with costs ranging from 365 to 996 dollars. At Union Stockyards, hogs and cattle traded higher with gains up to 15 cents, top hogs at 11 dollars, beef steadies, vealers and lambs mixed, and wide regional price reports from Chicago Cleveland Pittsburgh Louisville Cincinnati East St Louis Buffalo Toledo.
Wheat futures rallied late on the Board of Trade as dry southwest weather and firm overseas markets supported buying. Corn and oats followed higher. wheat up 1 1/2 to 2 cents, corn about 4 1/4 to 1 cent, oats steady to 1 cent higher. Provisions steady. Liverpool and Buenos Aires firm.
Market report details cash grain close in Chicago with mixed corn and yellow varieties, oats and rye values, plus barley and timothy prices. Toledo cash grain closes show wheat and corn ranges, oats and rye values, and miscellaneous feeds with butter and hay figures.
Indianapolis hay prices for freight to Cincinnati shown as 23.5 cents or less. No. 1 timothy 12.540, No. 2 11.50 10. Clover mixed 11.30 No. 1 clover mixed 11.50 No. 1 clover 10.50.
Claude D Erp 31 of 2027 North Capitol and Ruth B Goodman 21 of 12303 North Pershing. Walter R Beber 24 of 1334 North Kealine and Nellie A Schwimmer 422 South Rural. B Turner 50 of 244 South Sinois and Alma L Campbell 50 of 617 North East. John G Kantzer 33 of North Alabama and Susanne Strieblen 25 of 614 Wexhorst. Jerry E Solomon 32 of Zionsville and Bessie E Shaw 29 of R R 17. Theodore K Ellis 22 of 401 South Gray and Agnes G Logan 18 of 3145 East Washington. Stanley Parker 24 of 838 North Illinois and Inez Smith 22 of 1425 Clarence McKinnon 24 of 2214 North Meridian and Elizabeth Stuckey 23 of 2216 North Meridian.
A list of births includes girls named James and Lucille Bollinghouse at 317 South Warman, and others to Boate and Alice Alexander, Maxine Riegel, Ariana Mabel Holdeman, and several families tied to Methodist Hospital or city hospital. Names appear with associated families at numerous addresses and institutions.
A partial obituary list records numerous deaths with ages and causes. Included are James M. McKee 43 ap pendicitis at Long hospital. William A. Miller 70 cerebral hemorrhage at city hospital. Vera Marian Doebber 34 peritonitis at Poland. Rutledge 57 cardiorenal disease at 3260 West Washington. Elva A. Draher 42 tuberculosis peritonitis at city hospital. Mary Elma Wright 88 chronic myocarditis at 25 East Thirty sixth. Blanch Maple 31 osseous ailment at Methodist hospital. Josep acter 66 at Schoef 5805 Lowell. Edward Blum 41 general paralysis at Central Indiana hospital. A. B. Ross 72 bronchopneumonia at St. Vincent's hospital. Masry M. Vedder 37 1637 North To Marvin Edmunds 14 city hospital TV unds accident. Anthony H. Uphaus 56 2233 Station A Worley 72 Fall Creek. Brown Richardson 66 1121 St Peter chronic myocarditis.
The market rose after broker loans fell and strong automobile signals, with new yearly highs in several issues. Investors drive demand while cautioning against selecting overextended issues and urging focus on established firms with solid earnings and cash reserves.
A garbled list shows multiple candidates for state and local offices with party, locale, and office. Names include Oscar Batts, Lloyd C. Bryer, Erma H. Ireland, Henry L. McAtee, Roderick S. Munford, George C. Ale, Oscar Larphar, Floyd Draper, John W. Guardier, George Scatter, and Joseph Thompson among others, with districts spanning Indiana counties such as Gibson, Jennings, Decatur, Evansville, St. Joseph, Cass, Carroll, and Rockville. The text intermixes districts like Ninth judicial circuit and First congressional district, plus references to prosecutors and representatives.
Five month sales figures from the Great Atlantic and Pacific Tea Company show a notable rise from October 1929 to January 1930, with total sales reaching 104,270,933 dollars versus 91,982,770 in the prior period. The gain of 12,288,163 dollars equals 13.36 percent, reflecting established stores' growth rather than new locations.
Indianapolis reports Friday clearings of 2 656 000 and debits of 5 396. Chicago shows 91 500 000 in clearings with 4 900 000 balances. Treasury balance on March 26 stands at 365 416 220.67, customs receipts total 34 975 118.89, and government expenditures 6 048 583. New York reports 1 492 000 000 in bank clearings, 223 000 000 clearing house balance, and 169 000 000 federal reserve bank credit balance.
The report shows the Thursday averages for key groups. Industrials at 281.63, down 1.59. Rails average 155.41, down 0.42. Utilities at 102.85, down 1.16. Bonds averaged 95.58, down 0.18.
Grain elevators in Wheat City offer Nee red wheat at 1.01 dollars per bushel and No 2 hard wheat at 95 cents, indicating current market bids for farmers. The announced rates reflect local price levels and procurement intentions for the upcoming harvest season.
James H. Drill announces candidacy for the Republican nomination for state representative from Marion county. A veteran railroad worker living in Indianapolis fifteen years he claims backing from about 5 000 members of the Brotherhood of Railway Trainmen and endorsements from additional labor unions.
The Northern Pacific Railway Company on March 28 declared a regular quarterly dividend of 1.25 dollars per share payable May 1 to stockholders of record April 10. The week saw mixed bond and stock lending data from New York banks amid ongoing financial developments.
The report lists current wholesale prices for eggs and poultry including hens Leghorns springers broilers ducks geese and old cocks, with No 1 top quality quotes. Butter cheese and potatoes in markets from New York Chicago Cincinnati and Cleveland with varying grades and regional differences.
A historical price table lists box prices for apples grapes citrus and other produce. Entries include Northern Spies at $2.35 per unit, Winesap $2.25 to $3.50, Grapefruit Florida $54.60, Oranges Navels $5.25, Strawberries 40 cents a quart, Cucumbers Home Crown $4.25 to $5 per crate, Lettuce Iceberg home grown, Onions Indiana yellow $2 per 100 pounds, Potatoes Wisconsin $4.04 to $4.25 per 150-pound bag, New Potatoes Florida Cobblers $3.25 per 50-pound crate, and many other regional items with varied crate and bag pricing.
The report lists bid prices for wheat corn oats and hay at f o b shipping point with New York rate basis. Wheat No 2 red firm 1.06 1.08 No 2 hard 1.00 1.02 corn No 4 white 76 78c No 5 white 74 76c No 4 yellow 73 75c No 5 yellow 71 73c No 4 mixed 71 73c No 5 mixed 69 71c oats No 2 white 41 42c No 3 white 40 41c hay timothy No 1 13 No 2 12 No 3 10.50 mixed 12 clover hay inspects wheat No 2 red 1 car No 3 red 1 car total 2 cars corn No 4 white 1 car No 5 white 3 cars No 6 white 3 cars No 3 yellow 4 cars No 4 yellow 6 cars No 5 yellow car sample mixed 1 car total 19 cars cars No 2 white 7 No 3 white 7 No 4 white 1 No 3 mixed 1 total 16
Trading on the New York Stock Exchange shattered yearly records with 5,055,100 shares changing hands, surpassing the previous high of 5,029,240. Rail and utility issues led gains, with notable strength in N Y C Be & O Wabash Western Maryland, and electric power names pushing to new 1930 highs. General Motors touched a year high while Warner Brothers rose and brokers reported end of week strength despite some profit taking in industrials.
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