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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
May 06, 1930
Page
6
Wheat posted large gains with a firm tone and light selling pressure. Corn and oats followed with solid advances while provisions remained steady to weak as traders covered shorts amid good cash demand and firm international markets. Receipts totaled 25 cars for wheat, 62 for corn, and 33 for oats.
Primary receipts show wheat 467000 vs 723000 last year, corn 589000 vs 465000, oats 255000 vs 331000. Shipments list wheat 962000 vs 357000, corn 692000 vs 553000, oats 84,000 vs 529,000. Grain prices cited by United Press and Chicago cash close include wheat No 2 red around 1.10 to 1.14, corn various yellow and white grades from 78 to 82 cents, oats 41 to 48 cents, rye 85 cents, barley 62 cents, Timoth y around 7 to 8.50, clover 11 to 12.75, timothy and clover futures noted.
Indianapolis Tuesday May 6 bank clearings 4 312 000 debits 10 681 000. New York Balaited forens May 6 bank clearings 298 000 000 clearing house balance 227 000 000 federal reserve bank credit balance 196 000 000. Chicago Burnard Press May 6 pene clearings 123 40 000 balances 12 200.
A 280 pound baby airplane designed by Douglas H. Harris of Waverly Indiana made a successful test flight at What Cheer airport Rhode Island. It lifted to 1000 feet after a 150 foot takeoff run and landed at 35 miles per hour. Harris envisions production at 3900 dollars for solo pilots.
Charles A. Lindbergh told United Press that passengers and major airlines will operate across the Atlantic in four to five years. He said heavier-than-air planes will lead the service, with dirigibles also likely to play a role, and transport planes achieving about 150 mph cruising speed in the near future.
Chicago May 6 announcement that cash prizes totaling $100,000 will be awarded to pilots who win events on the program for the national air races to be held from August 23 to September 2.
Prominent aviator Captain Roscoe Turner announced plans to attempt a nonstop across the United States within days. He aims to depart from an unspecified eastern starting point toward a western destination. The move signals a new push for uninterrupted nationwide air travel.
Judge Lee I Hecht of the appeal tax court Baltimore Md will address the Indianapolis Real Estate Board at the Lincoln Thursday noon on Appraising Real Estate for Taxation. The Indiana National Guard reunion and other civic events were announced for Saturday and future dates.
In New York May 6 the stock market shown support in the final hours suggesting a possible completion of the current readjustment. Prices for copper and wheat drifted lower with cotton at new lows while wholesale prices decline, signaling that future gains must follow clear signs of commodity upturn and improved earnings.
Police Chief Jerry E Kinney filed charges of conduct unbecoming an officer against Detective Sergeant John E Ambuhl. The board was told Ambuhl, suspended after a Fechheimer Brothers dispute, failed to account for trust funds totaling about 1200 dollars. He repaid the amount but did not resign. Trial for both cases set for April 20.
United Areas in Cleveland reports a theater show titled Mysteries of Love with artist models and advertised for men only was shut by police inspector George Mutewitz who says customers were not given fair value. The inspector declined to call the lecture immoral but says the company took money under false pretenses. The court suspended judgment and urged a settlement between parties.
August Kistner aged 68, a roomer at 1138 South Meridian Street, ended his life by ingesting poison amid unemployment distress. A fellow roomer Otto Wi broke down a door to enter the room and could not provide police with any relative contact or other details.
Hog receipts about 4,000 with bulkPrices near 10.35 and steady to higher demand. Cattle receipts 1,400 and similar to Monday while sheep rally with spring lambs 10 to 15 dollars. Chicago hogs 27,000 with 11,000 direct. cattle 9,000 and sheep 13,000 reported.?></analysis>
Receipts and price ranges reported from Chicago Cincinnati Louisville Fort Wayne Cleveland and more. Hogs sold weak to lower with top around 10.30. cattle mostly steady to lower with steers 11.50 and cows down to 3.50.
Chicago and Cincinnati market summaries list eggs at 20 23c for firsts and 19c for seconds, butter mostly 31 36c, poultry varied with fowls 21c springers 30c and broilers up to 30c, and cheese including Wisconsin firsts 27c and Young Americas 20c. Regional figures include potato prices and farm product notes with multiple firms cited.
New York Stock Exchange values for fifty stocks fell to 25.80 billion from 28.65 billion last week, a drop of 2.84 billion. Chicago volume shrank to 3.12 billion from 3.75 billion. International Railways of Central America posted 1929 gross of 8.47 million and net earnings of 2.41 million, or 5.69 per share, while Maree per share stood at 5.41. M. H. Fishman’s April sales rose 22.4 percent to 156,390 and four‑month sales reached 425,030, up 37.8 percent.
A detailed list of produce with per unit and per crate prices across states. Items include apples, grapes, lemons, oranges, pineapples, strawberries, pears, avocados, artichokes, asparagus, beets, cabbage, carrots, cauliflower, celery, cucumbers, onions, parsley, parsnips, peas, peppers, radishes, rhubarb, spinach, tomatoes, turnips, potatoes, sweet potatoes, and other regional varieties. Prices vary by variety, origin, and packaging.
A batch of marriage licenses is issued for multiple couples including Albert Farmer and Elizabeth L. Neal. H Ross Poulson and Josephine A Hollingsworth. Charles L. Davis and Esther M. McLean. Leo B. Yaggie and Mabel I. Wilson. Lynn J. Williamson and Mary E. Mendenhall. Otis M. Gue and Millie R. Schmaltz. Also listed are Pt. Ha and Bowne with brief descriptors.
United States Steel common stock led an upward trend on the New York Stock Exchange amid a broad recovery across sectors. Steel touched 173 and held near that level around noon as rails utilities and oils firmed, while copper shares slipped.
Misprinted ballots asked voters to choose one candidate on the advisory board and emergency ballots were circulated. Poll workers guided marking while corrected supply arrived. In Twelfth precinct Ninth ward Republican ballots lacked X squares yet used. Third precinct Third ward officials marked ballots with initials and were warned not to rush tally. Five telephones installed for trouble shooters. report irregularities to Riley lines.
Jefferson D. Shatford of Quebec sues Merle N. A. Walker a Marion county attorney and former probate judge in federal court seeking 12000 plus interest and charges. Shatford alleges Walker failed to appear in a suit against Independent Tank Line Inc of Indianapolis, leaving the account unpaid. The action requests judgment for the original amount and costs.
Philadelphia May 6 Senator George Wharton Pepper announced his support for Francis Shunk Brown's gubernatorial candidacy and James J. Davis's bid for the U.S. Senate in the upcoming primary election.
Atchison Railway authorized by J. C. to acquire control by lease of Oil Fields and Santa Fe Railway. Pacific Coast Company shows quarter ending March 31 with earnings of 101 943 after expenses against 163 662 in first quarter. Federal Bake Shops reports April sales 395 870 vs 369 517 in April 1929. Four months total 1 576 577 vs 1 192 484. Carman and Co Inc and subsidiaries year ended Dec 31 nets 325 930 after interest Federal taxes and bad debts provision, vs 308 233 in 1923.
Hazleton Pa May 6 The scale committee of the Anthracite tridistrict convention submitted its second report urging union leaders be authorized to secure a new pay agreement with operators based on the present wage scale.
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