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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
May 14, 1930
Page
4
Wheat finished unevenly lower on the Board of Trade as demand stalled and export trade did not bolster prices. Corn and oats followed with small declines while provisions held steady. receipts and outside markets showed limited impact.
Government anti trust suit against radio compact moves expected with little impact. Copper demand rises sharply with possible price restoration to 14 cents. California oil producers align with curtailment, boosting industry harmony. Car loadings rise toward normal levels. brokers loans expected to fall, signaling stronger credit. Overall outlook remains favorable and markets are seen drifting higher.
Indianapolis clearings 4,094,000 with 7,177,000 debits. Chicago clearings 104,000,000 with balances around 400,000,000. New York clearings 1,203,000,000 and balances 182,000,000 with Federal Reserve credit 165,000,000. Treasury balance on May 12 was 93,521,650.54 with customs receipts to date 19,487,992.92 and expenditures 14,196,358.
Directors of the American Smelting and Refining Company authorized the sale of 6 percent second preferred stock up to 20 million dollars at not less than 100 dollars a share. The shares, callable at 105 dollars, will come from treasury and proceeds will fund property acquisitions, expansion, and other corporate purposes.
Chicago hog prices moved up modestly with most weights holding steady at the Union Stock Yards. Bulk for 160 to 250 pounds sold around 10.35 dollars, top 10.40, receipts about 6,500 with 343 holdovers. cattle and lamb markets showed mixed changes while overall tone remained steady from Tuesday.
Hogs receipts around 11 000 in Chicago with top 10 35 for 170 210 lb hogs while sows rise 10 15c. Cattle and calves show mixed gains with steers 10 25c higher and fat cows steady at many markets including East St Louis Cleveland Buffalo Pittsburgh and Cincinnati with varied leanings by weight class and stocker activity. Sheep receipts rise with lambs holding around 9 75 to 11 range at several metros.
Trading on May 14 saw United States Steel and other leaders push stocks higher on the New York Exchange. Steel rose to 175 1 4, Radio Corporation to 52 1 2, American Can to 145, Westinghouse Electric to 179, and Eastman Kodak to 250 1 4, amid strong carrier shares and under cover selling in oils and utilities.
American Gas shows weekly output of 71 304 079 kWh for week ended May 10 1930, with several firms announcing dividends acquisitions and stock actions. Key items include Tennessee Copper and Chemical 25 cent regular dividend, American Rolling Mill buying Sheffield Steel via stock exchange, Reynolds Investing stockholders approving 499 million additional shares to acquire Reynolds Bros., General Railway Signal receiving a 1.5 million dollar order, and a DOJ injunction against a Westinghouse GE RCA unification plan. Also notes rights issue at Midland United, railroad director re-elections, first quarter profits for Niagara Hudson, and various fuel oil and pharmaceutical sector figures.
Births listed with numerous families and addresses across Coleman and St. Vincent hospitals. Names include William and Georgia eds, James and Luella Boyd, Harry and Velma Smith, and many more. Medical entries note conditions such as toxemia, peritonitis, chronic myocarditis, pulmonary tuberculosis, and arteriosclerosis among listed patients.
Census Bureau data shows domestic mills consumed 532,283 bales of lint cotton in April, up from March 508,576 but below April 1929's 631,802. Nine months ended April 30 total 4,855,999 bales, down from 5,305,836 in the prior year.
Peoples' Light and Power Corporation controlled by Tri-Utilities reports consolidated revenues of 7.82 million for year ended March 31 1930 up from 6.98 million prior year an increase of 12.14 percent Operating expenses maintenance and taxes total 4.08 million up from 3.66 million an 11.55 percent rise Gross corporate income before interest and taxes 3.74 million up 12.79 percent.
Markets detail egg prices for country run and city deliveries, listing No. 1 top quality and No. 2 distinctions, henery quality, and weights for hens Leghorn hens springers and broilers with 1959 figures. Butter cheese and flour notes follow with regional variations, including Cleveland and Chicago price quotes for butter eggs poultry and potatoes.
A dense catalog of fruit and vegetable prices listing several varieties with grower origins, quantities, and per unit costs. Items include apples from Baldwin Stayman Winesaps Ben Davis and De licious, citrus from Florida and California, tropicals like pineapples, berries, pears, and multiple vegetables with regional prices for crates, bunches, and bushels.
West wind 12 miles per hour and barometric pressure 29.82 inches. Temperature 54 degrees. Ceiling 3 000 feet and visibility 10 miles. Field conditions good.
In Moscow on May 14 pilots report widespread air travel spread to remote Siberia Central Asia and the Caucasus. Dobrolet assistant manager A K Anders says four and a half million kilometers will be flown this year by Soviet passenger planes up from two and a half million last year. New lines open include Khabarovsk Nikolaevsky Sakhalin and Archangel Sitkivkar with distances of 1100 and 930 kilometers.
London reports plans for a third giant dirigible larger and faster than R 100 and R 101. The R 102 would operate regular trans Atlantic service with Cardington airport developed as a major dirigible port. R 100 may begin Montreal trip on May 25 weather permitting.
May 14 in New York strong headwinds and bad weather hindered Colonel Roscoe Turner from surpassing the Lindberghs. Turner and his lion cub mascot arrived at Curtiss Field from Los Angeles, over an hour behind the mark. Turner's estimated time was 15 hours 40 minutes versus 14 hours 23 minutes and 27 seconds set by the Lindberghs.
Tour director Lee H. Hottel and Indiana Aviation Corp president Walter Winslow inspected Rushville and Madison fields for the second annual all Indiana air tour set for June 16 to 21. Hottel will tour more fields, meet city and chamber officials, and finish the itinerary by week’s end as nineteen airplanes are already entered.
Miss Florence Klingersmith of Fargo announced she will attempt to regain the world loop record within two weeks. Her mark was recently surpassed by Harriett Engels of St. Louis with 344 loops.
Lewis Yancey and three companions launched a South America tour from Roosevelt Field. Washington, D.C., is the first stop with Isadore Goldberg Emil Burgin and Zeb Bouck aboard. Goldberg will accompany only to Washington.
Washington May 14 Two acid rates in the Grundy tariff aim to shield American producers from competition by Canadian plants. The analysis notes acetic acid’s wide uses from vinegar to textiles and discusses the rise of synthetic silk, Fordney McCumber tariff origins, and shifts in production and imports with Canadian ownership and self-made foreign competition.
C E Knepper will speak on Consumer Research before the Advertising Club of Indianapolis at the Columbia Club lunch. Fisk Tire hosts a dinner conference for eighty Indianapolis dealers at Spink-Arms. Gedaliah Bublick planned to address Indianapolis Jewry at Achim Azarus synagogue but did not arrive. no rescheduled date. The Federated Postoffice Clerks Local 130 women’s auxiliary backs the Smoke Abatement League campaign to cleanse Indianapolis ozone over two years. Hollister Review No 52 of the Woman’s Benefit Association holds an open meeting at Castlehall with Grace Kennedy as program chair. The Indiana Association of Inspectors of Weights and Measures meets June 18–20, with Frank W. Tucker as president.
A list of marriage licenses shows couples with ages and addresses including Nelson Davis and Dorothy Crenshaw, Clarence Korbe and Mary Lynch, Clifford Jackson and Mabel Jones, John Ryan and Thelma Jenkins, John Duncan and Sara Stone, Frankie Price and Mary Stilwell, Robert Kolker and Margaret Braden, William Childers and Estella Graham, Silvio Guiliam and Katherine Stout, David Mundy and Leota Benham. The couples’ occupations and home locations are noted.
Danville contractor R McCarman was awarded the bid of 165 600 for runways and airport improvements. The board of public works approved the award at a special meeting after tentative council approval by eight members Thursday afternoon.
Goods stored for Bert W illamson Betty Williams Mrs J N Morrey Eliza Butler Leslie Hines John Anderson Lillian Davis and Mable Shelton will be sold for storage on Thursday May 29 at 9 39 am for unpaid time and charges. Banner Storage Co 8 E Washington J R 5020.
Mrs Anne May Sherkey thanks relatives and friends for kindness and sympathy. Special appreciation to Rev Francvaisk and brothers for acts of mercy and support.
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