Heavy buying boosts rate and drops stock prices
Stock buying at higher prices spurred demand for call money, lifting the rate to 1 percent from 10, and triggering profit taking near the close. Woolworth surged to a new high, Western Union topped 200, United Aircraft advanced then eased, and oil shares like Simms and Mexican Seaboard rose amid large block trades.
MENTIONED IN THIS ARTICLE
Elmer
Walzer
United Press
New York
Woolworth
Western Union
United Aircraft
Simms
Atlantic Refining
Mexican Seaboard
Standard
Bank clearings figures from The Times daily report
Indianapolis statement shows Friday May 2 deposits and debits totaling 4 237 000 and 8 216 000 dollars. New York statement cites United Press report for May 3 with bank clearings 1 549 000 000 and clearing loss balance 151 000 000 and Fed Reserve balance 149 000 000. Treasury statement lists May 1 net balance 1 224 606 961 77 and customs receipts to date 1 201 332 09.
MENTIONED IN THIS ARTICLE
Indianapolis
Indianapolis Bank
New York
United Press
Federal Reserve Bank
Treasury
Washington
Stock Market Opens Higher Amid Broad Trade Volume
Thomson and McKinnon report New York stocks opened higher with increased trade and generally rising prices. They note improving credit signals and gold imports, while cautioning that without lower interest rates or banking evidence of a rate cut, bullish sentiment should be restrained.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Hog and cattle market roundup from New York and Chicago
Prices for hogs rose early but slipped by close in New York and Chicago markets. New York reported 6,900 receipts with 290 holdovers and 160 to 300 pound hogs at 11.75 to 11.90. Cattle and sheep were steady to lower with lean lambs plain, and fat lambs quoted 14.50 to 20.00. Chicago hogs opened slow with 11.60 to 11.80 for 260 to 300 pound butchers, and total receipts around 11,000. Beef steers ranged 12.50 to 14, calf and veal prices broad, stock and feeder steers 9 to 12.50, and sheep fat lambs 12 to 14 with spring lambs 15 to 20.
MENTIONED IN THIS ARTICLE
Chicago
All Coast Line
Eali & Ohio
Cendian Pac
Uyet
Cheba & Ohio
Chi
Bel & Hudson
de Lacan
Erleist Pfd
Ti Central
Lehigh Valley
Kan City
aSao
NY Central
T L
SH & H
Norfolk & Went
Pennsylvania
Southern Pac
Paul Fa
Ives
Amar & Fdy Inn
Il Caile Am Bteel Pd
Ieneral
Biec
Weatinet
Elec
Tron & Sit
Murra
Pierce Arrow
Studebaker
Ste Warner Tan
Willis-Overland
Mining
Am Srult & Riz
Aluimet
Andes
Chile Copper
Greene Can
Kennecott
Texas Cult
Atlantic Mig
Bernsdale
Aus Preeport-Texa
Aalyall
Houston
Phillips
Ataa
S Corpne
Ady Rumely
Abs Chalmers
Amerian
Borg. Warner
Safety Ae
Fee
Cs Curtiss
Bet
Tot Harvester Ois
Lambert + i
Hee Kolster Nursion
Owens Bottle
Radio Corp
Bears Roebuck
Union Carbide
Warner
Univ Pine
Worthington
Woolworth Co
Am Tel & Tel
Ain Wat
Ie Boklyn-Manh
Col Ae Bs
Elec Pow & Lt
Interboro
Nor Am Co
Natl Power
Cal Edison
Std Gas & Fl
Utilities
Union Tel
Intl Corp MM
Gulf & Wot
Mer
United Fruit
Fleischmann Co
Lorillard
Reynolds
Tod Products
United Cigar
Grand Union
United Areas
United Press
Buffalo
N. Y
Steee
Cleveland
Cincinnati
Livestock Prices Across Markets May 3
Chicago era reports hogs receipts 11 000 with 2 500 directus, prices 18 25c higher for early sales, cattle steady to firm, calves and fat cows mixed. Eastern and midwest markets show gains and steady demand, with hogs and sheep varying by weight class and region.
Chicago Markets Report Butter Eggs Poultry May 3 1924
Butter prices range extra firsts to standards with TBA quotes, eggs show extras and firsts, poultry includes Leghorns ducks and geese with prices, Butter receipts listed and several city market figures, noted in press dispatches from Chicago and Cleveland on May 3.
MENTIONED IN THIS ARTICLE
Burnited
Chicago
Texas
Florida
Wisconsin
Minnesota
North Dakota
Idaho
United Press
Cleveland
Cotton Market Outlook From New York May 3
The cotton map was better this morning and forecasts for tomorrow showed light frost in the Memphis district disappointing as heavy frosts were expected. Trading was steady with anticipatory sales in progress. Bulls hold a strong technical position while bears bet on favorable weather continuing. Local operators seem against the market, but a shift to unfavorabLeer weather could trigger a sharp advance.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Memphis
Bears
Grain bids reported by the Indianapolis Board of Trade
Cash grain bids for wheat corn and oats listed at fob New York rates with No 2 red wheat at 1.10 1 12 No 2 hard 1 034 1 05 corn varied by white and yellow grades with mixed and sample cars noted oats steady with No 2 white at 45 46c hay prices for timothy and clover mixed with 14 15 50 quoted inspections noted for various grain grades and car counts
MENTIONED IN THIS ARTICLE
Indianapelis Board of Trade
New York
Grain Prices Drop on Rail Price Threat
Chicago May 3 Reports from Canada said railroads would meet any reduction in U S rates. Free selling of wheat pushed closing prices sharply lower with corn and oats also down. Provisions fell while opening wheat rose on export freight news. Cash prices unchanged. receipts totaled thirteen cars.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Canada
Liverpool
May 3 Cash grain close market quotes show grain prices
Wheat prices ranged with No 4 Northern at 1 061.07 and No 5 Northern at 1.03. Corn listed as No 2 Mixed 90 cents and No 3 Mixed 89 89 1/2 cents. No 2 Yellow 91 1/2 to 91 2 cents. No 3 Yellow 89 91 cents. No 4 Yellow 87 89 1/4 cents. No 5 Yellow 85 87 cents. No 2 White 91 2 cents and No 5 White 90 1/2 9 1/2 cents. Oats No 2 White 49 19 cents and No 3 White 48 4 81/2 cents. Rye 9 1/2 cents. Barley 5 1/6 to 16 1/6 cents.
MENTIONED IN THIS ARTICLE
United Press
Radio and car unite in speed era auto radio debut
United States news reports a banquet in New York where Mayor James J. Walker unveiled a car mounted radio system. Eight leading car makes on pedestals received broadcasts from one station as Paul Whiteman performed. A new sound filter eliminates ignition noise, enabling clear reception at high speeds.
MENTIONED IN THIS ARTICLE
James J. Walker
Paul Whiteman
Whiteman
Hog and cattle market receipts from Toledo and Ft Wayne
Bay United Press reports May 3 market receipts with hogs at Toledo showing heavies 11.50 to 11.75, mediums 11.75 to 11.90, Yorkers 11.75, road pigs 10.50 to 11.00. Cattle calves sheep and lambs receipts listed steady to delayed advances. Fort Wayne figures list cattle 100, hogs 400, sheep 50 with steady to 15 cent higher for heavy weights. calf values 75 etc. specific price bands for various weight ranges and stag and calf prices, including clipped lambs at 13.00.
MENTIONED IN THIS ARTICLE
Ewal
Louisville
Eee
Bay United Press
Toledo
United Press
FT. Wayne
New York Liberty Bonds May Auction Notes
Fragmentary data shows Liberty Bond series for May with bids and totals. Mentions 99.24 and 99.30 prices and transaction totals 4348 and 1052, with 1954 as a year marker. Details are incomplete but indicate bond trading activity in May.
MENTIONED IN THIS ARTICLE
New York
Hearing On Zoning Change In Indianapolis Near New York Street
Notice given that B V Barton seeks zoning relief to erect a milling station at New York Street corner Indianapolis Indiana A public hearing will be held Room 401 City Hall Tuesday May 14 1929 at 2 30 p m for interested parties to be heard GEO T O Connor president H B Steeg secretary
MENTIONED IN THIS ARTICLE
Board OF Zoning Appeals
B. V. Barton
Board of Zen Appeals
Indianapolis
New York
Sts
City Hall
Geo. T. O'Connor
H. B. Bteeg
BE. Grove
Beech Grove
Marion County
Indiana
Board of School Trustees
Citizens State Bank
Smith, Remster, Hornbrook & Smh
Henry L. Hurst
Quincy E. Mitchel
Verl Pierson
Also Mentioned on This Page
Thorefey
Twents Ratis
Otreet
Banks and Exchange
Times Daily
United Preas Éncumeesey
Oase Clearings
As Aviation Corp
Nat Aviation
Marcen
Curtiss Fly Motors
Durant Forest de Elec
Bond & S
Inves
Ford of Canada
Gulf
Hudson Bay
Sikorsky S
Fokker Ford
England
Cordelia
Niles
Ohio
Normanda
Tesy
Fletcher American Company
Ind
Anacconde
Universal Aviation
B&o
Chesapeake Orp
Ceeseake
Schulte Reseer
Chilw & St
Columbia Gas
Ts Central
Kansas City Southern
General
Elect Electric
Ies
Newew York
Bond Market
American Central Ins Co
E. R & Yds Co
R & Yds Co
Central Ind Powers Co
Ae Cities Serv Co
Sees Cities Gas Co
Citizens Gas Cop
Ane Commonwealth L
Wee Equitable See Co
Wee Hook Dru Co
See Corp
Aee Ind Hotel Co
Wee Ind Hotel Co
Ind Serv Corp
tIndpls Gas Co
Indpis & Pote Thapis L Pf
Indpis
Indpis St R_R
Indpis Wa Co
jMerchants Pub Util Co
Metro Loan Co
Northern Ind
Prog Laundry Co
Raih & Sons Fert Co
H Trac & L Co
Union Trac
Union Trac Co
Broad Ripple Trac
Cent Ind Gas
Central Ind Power Co
SB &N
Ind Rv
Citizens Gas Ngo
Gary Citizens Street Railroad
Indiana Hotel Co
Ingpis Power and Li
Indiana Union Trac
Indpis Col & S Trac Eee
Indianapolis Gas Co
Indpis & Martinsville T Co
Indpis No Trac Co
Indpis & Northwestern T Co
Indple Street RY
Indpis Trac & & Terminal
Indpis U Ry
Laeaeis Water ‘Co
Indpis Water Co
Indpls Water Co
Indpis Water Works
Tee Interstate Public Service
Interstate
Ind Pub Service Co
Ind Teleph Co
Ene
ARC
Trac and Light, Co Bs
Union
Liberty Loan
Tee
Treasury Wd
Pittsburgh
Joe
New Orleans
High Low
U. S
Cllc
Sie Steel
J D Adams
One Am Steating Co
Atlas Stores
Auburn Motors Oe
Backstay
Balaban-Katz
Bastian - Bendix
Borg Warner
Butler Bros
Campbell W
Chicago Y Taxi
Alum
Com Edison Ae
Erla Radio
Grigsby Uy
Great Lakes Air
Hart OS
Houdaille
Inland
W & C BO
Kalamazoo Stove
Kellogg
Keystone Steel
Libby
Poor & Co
Ross Gear
Sonatron
Swift & C Swift Tt
Super Maid
Arate Dredg
U & Gypsum
Utah Radio
Wahl
Wiebold
Winton
Yates
Zenith Radio Son
J M
Orrell
Goldblatt
Monsanto
US Radio & Tel
Steinite Ohaw
J.P. Mullally Diamond Merchant
State Life Bldg
de Vore Bros
Virginia Ave
Baron J. Hulot
Violet
America
Alice Tiplady
Zinnias
Colorado
Pkt. Cc
Ada
Ted
Everitt
Tritoma
Gladiol
Francis King
Frank Pendleton
Eureka
Fiery Cross
Gladiator
Goldberg
Aria
Humbert
King Humbert
Alfred Conard
Wyoming
Euonymus
Everett
Boston
Hall
Madeira
Tibers
Concord
Moore
Worden
Black Catawba
Delaware
Niagara
Plum
Fox Glove Digitalis
Seece O
S. Illinois Street
Iler
Gardena
Sacco
North Alabama
Lincoln
United Premiew
York
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