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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
May 05, 1930
Page
4
May wheat traded near 1 dollar a bushel on the Board of Trade as prices slid late, supported by weak buying and favorable crop news. Corn and oats showed uneven moves with cash prices flat, while exports remained dull and receipts limited.
United Press reports grain and commodity quotes from Toledo and Chicago on May 5. Prices include Wheat No 2 red at 1.07 1/2 to 1.08 1/2, Corn No 3 yellow 83 1/2 to 84 1/2, Oats No 2 white 46 48 cents, Rye No 2 85 cents, Barley 62 cents, Clover and Timothy cash values, Butter 36 41 cents, Eggs 20 22 cents, Hay 1.25 per cwt. Chicago cash grain lists numerous wheat, corn, oats, rye, timothy, and clover figures across multiple grades. no specific sale or event, just day’s price sheet.
The City in Brief lists upcoming talks and gatherings in Indianapolis. James H. Buswell of Kalamazoo will address the Advertising Club luncheon at the Columbia Club. James Malinki of central Africa will speak at the First Moravian Episcopal church. Elmer A. Glenn will attend the Indianapolis Alumni Club luncheon at the Board of Trade. The Grotto convention program will be broadcast on WFBM. Floyd L. Carr will speak at the Emerson Avenue Baptist church banquet. A baby’s death postpones the East Side Christian Endeavor Union banquet. The Indianapolis Medical Society meets at the Athenaeum with three speakers. Sidener Van Riper & Keeling moves to Circle Tower. Alva Rosenberg of Brooklyn, NC, chosen judge for the Boston Terrier show. The Workers’ Nonpartisan Political Action League’s failure to endorse R. Walter Jarvis prompts a local resolution. A symposium on leisure use by Indiana Schoolmen’s Club is set for Saturday at the Lincoln.
May 5 New York commentary notes last week’s stock decline recalls autumn losses but differs in conditions. Analysts see little panic and expect normal conditions to return, with a possible shift in commodity outlook signaling a turning point while prices seem to swing too far.
London crude rubber stocks total 75 tons and Canadian Pacific April gross reaches 13.484 million dollars. California oil output for week to May 3 falls slightly. Utilities and energy firms report varied 1929 and 1930 earnings while construction and finance steps show expansion and consolidation. Multiple companies including Fisher’s index, Standard Gas Electric, and Reynolds Metals announce results, dividends, and capital moves as markets show mixed activity.
Indianapolis clearings totaled 5 167 000 with 8 379 000 debits. New York clearing balance stood at 11 000 000 with 108 000 000 in Federal Reserve credit. Treasury net balance on May 2 was 147 650 912 54 with customs receipts 4 586 057 15 and expenditures 13 024 938 39.
Pittsburgh market reports show hog receipts about 3 600 with price bands from 9 to 10 80 for various weights and sows at 8 to 9. Cattle receipts 650 with steers and yearlings 9 50 to 12 25, fat cows 6 50 to 8 50, bulls 7 to 9 50. Sheep receipts 3 000, lambs 10 25 to 9 10, wethers 4 50 to 5 50. Toledo hogs 600 receipts with heavies 10 15 to 10 50, mediums 10 10 to 10 35, pigs 9 50 to 10 50. cattle slow, prices uncertain.
Hogs open the week 5 to 15 cents lower at the Union stockyards with bulk 160 to 250 pound hogs at 10.35. Receipts about 4,500 and holdovers 288. cattle trade weak with plain quality and steady heifers and calves. Spring lambs 13.50, fewer top grades. Chicago hogs steady with 10.20 to 10.30 on 170 to 210 pounds. larger weights about 250 at 10.10 and 280 at 9.90. Cattle and sheep receipts around 15,500 and 15,000 respectively.
A condensed record of multiple Indianapolis bonds and utilities with ratings and prices. Includes Indiana Service Corp 5s, Indianapolis Power & Light 5s, Indianapolis Gas Co 5s, Union Trac Co 5s, and related railway and water company issues with percentages and per cent prices.
Kingan & Co quoted No 1 top quality eggs and various poultry cuts with regional price ranges. Butter and cheese prices steady to weak with multiple varieties listed. New York and Chicago exchange data show mixed trends in flour pork lard and tallow with regional potato and dairy price updates.
United Press reports livestock receipts and price ranges from Chicago Cleveland Fort Wayne Cincinnati East St. Louis and other markets. Hogs sold mostly steady with top around 10.40 for 180 lb weights. cattle receipts steady to higher with top steers near 14.75 and calves up to 12. sheep and lambs also firm with mixed grades noted. Prices varied by weight class and market, with several regions showing active demand and price fluctuations.
A detailed list of fruits vegetables and fresh produce with prices and packaging terms spanning Baldwin apples to Louisiana strawberries. Items include boxes crates baskets and hampers with prices per unit weight case or dozen across multiple states and origins.
Representative Louis Ludlow, arriving from Washington to vote in the Tuesday primary, rejects claims he coordinated any slate making and expresses surprise at a widely featured slate showing his image.
Mrs. Katherine Kelly, 80, of 2403 West McCarty Street, suffered a broken hip and broken arm in a fall from a porch swing at her home Sunday night. She was taken to City Hospital.
New York May 5 Wall Street clerks search ledgers for poorly margined accounts after last week crash. Margin calls issued, traders expect further liquidation as margins relaxations and broker concessions ease carrying of accounts. Weak professional traders suffer while bears hold edge.
Bank equities show willingness to buy for growth as nearly a billion dollars flowed in from April 30. Losses last week reached over 40 points, led by high priced names like J I Case Auburn Auto Columbian Carbon Allied Chemical People s Gas Eastman Kodak Westinghouse Electric. Weekly trading volume set a 1930 record at 30,309,770 shares, up from 26,923,480 the prior week.
The report notes Saturday averages for thirty industrials at 258.31, down 8.25. Twenty rails at 146.24, down .09. Utilities at 94.61, down 3.96, and forty bonds at 95.07, down 16. The New York coffee range shows March 7.84, May 8.68, September 8.25 to 8.11, and December 7.97.
The Marion county Republican Organization released its official slate for Tuesday's primary to counter counterfeit lists circulated in the city. Indorsed candidates include Schuyler Mowrer for Congress and William Bain for Superior Court, among others across courts and county offices, with fifteen for eleven state representative vacancies.
The piece praises Democratic Party loyalty highlighting Raymond F. Murray Kern and Ralston as examples. It recalls 1926 and 1928 campaigns against strong Republicans, notes no county victories, and urges support for the 1930 ticket to aid ex service men of democracy.
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