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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
May 23, 1924
Page
7
New York stocks rose with Federal reserve statements showing high bank ratios. Industrials led gains with Pan-American and Mexican Seaboard hitting fresh highs as oils rebounded and investors priced in tax relief prospects and policy uncertainty.
Tank Wagon Prices list gasoline and kerosene per gallon with prices for Energee Purol Red Crown Diamond Gas Crystal Pep Target Silver Flash Standolind aviation WEROSENE Crystaline Light Arclite Per on Solvent Naptha Lion Power Cleaners V. M. & P Standolind Cleaners. 2c state tax excluded.
Local bank clearings in Indianapolis reached 894000 on Friday while bank debits totaled 700000. The figures reflect daily activity across local financial institutions.
Joseph G. Morgan 21 of 43 Pine baker and Grace S Fleenor 24 of 2350 N Delaware. Henry Barbour 55 of 2067 Yandes laborer and Hattie Crowdes 52 of 2151 Yandes laundress. Oscar L Sturm 29 of 437 Parkway salesman. Merton M McGill 23 of Sunnyside nurse.
Detroit May 23 A. R. Erskine director of the National Automobile Chamber of Commerce and Stu debaker Corp president outlines how dealer financing of car stocks aids steady production. He argues continuous uniform output supports mass consumption and lowers costs, with dealers expected to divide annual orders into monthly shipments and hold winter stocks to meet spring and summer demand.
Hog trading at the local yards Friday showed uncertainty with receipts of 8,000 hogs and a sharp shift after a local buyer purchased about 2,500 head at 7.45. Top prices touched 7.55 while mixed lots ranged 7.40 to 7.45 and some extras near 7.50 to 7.60. Steers sold 8 to 11, cows and heifers 6.0 to 9.50, calves unchanged with choice calves around 11 and most around 10.50. sheep and lambs remained active though heavy lambs were 0.50 lower.
Chicago grain figures show Wheat near 1.11 to 1.18 for No 9 hard with various futures quotes. Corn No 1 yellow around 0.40 to 0.50. Rye values listed with May and July figures. receipts and deliveries detailed for Wheat, Corn, and Rye. Toledo and regional prices included for wheat, corn, rye, oats, barley, and hay with cash and futures notes.
May 23 cattle receipts at East St. Louis totaled about 1 200 with mixed prices for native beef steers cows canners and cutters calves stockers and feeders and a 15 000 head hog sale noted as weak with declines for heavies mediums and lights and range prices for sows and pigs.
Cattle receipts across cities show steady to slow activity with Texas influence in Kansas City and mixed results elsewhere. Hogs run strong in Kansas City and Cleveland with prices mostly lower. sheep and lamb markets mostly slow with notable drops in some centers.
Grains had an irregular session with wheat buoyed by unfavorable crop news. Freezing in the northwest and rains in the Southwest offered relief, while corn steadied and oats closed lower as provisions traded lightly and closed unchanged.
A lengthy ledger style listing shows numerous Indianapolis and regional stocks and bonds with prices and percent returns. It includes American Central Life, Advance Rumely, Citizens Gas Co, Indiana Hotel, Indiana Pipe Line, Union Trac, Vandalia Coal, Wabash Ry Co, and many bank and utility securities with bid and price data across varied dates and issues. The article closes with a brief note on a potential telegraphers strike averted on Nickel Plate and a trivia note about why turkeys are named so.
Twenty three sectional marble champions begin at 10 Saturday morning at Willard Park Indianapolis to decide the city title. Mayor Shank will attend and award bronze medals. Earlier sectional rounds were held at School 39 with William Boughton and Harry McCawley placing.
Indianapolis lists eggs at 21 cents, butter 2 cents, poultry gains and losses with turkeys up to 12 pounds, ducks and geese priced per pound. Cleveland notes butter and eggs ranges, Chicago records butter and egg prices, potatoes and poultry receipts. New York shows flour, pork, lard, sugar, coffee, and dairy markets with mixed trends across regions.
A dense OCR of births and deaths lists numerous newborns and parents with addresses, plus several deceased individuals with ages and causes. Notable entries include Dewey and Anne Reis-Noble, Myrtle Penrose, and John Sexson births. deaths include Ephraim Potts with broncho pneumonia, Janette Stephenson with pulmonary tuberculosis, and Robert Hegner with gastroenteritis.
Automobiles reported stolen belong to Will Hughes 2055 Sheldon St Ford from 900 Massachusetts Ave Harry Stutz 3172 N Meridian 8t H C 8 from Tenth and Meridian Chalmers Ea Brown 860 Middle Dr Woodruff Place Ford from Virginia Ave and Washington St.
Police report two cars found in the downtown area and at Indiana Avenue and Keest. One is a Studebaker owned by L. R. Cartwright of the Traction Building. The other is a vehicle from H. C. 8 Motor Car Company on road r near Indiana Avenue.
Robert Hartman, a Harvard school student, vanished after a man claiming to be Mr Johnson demanded a $10,000 ransom. A nude body were found later in a railroad culvert, with a spectacles nearby, as instructors Williams and Mitchell denied involvement. Police questioned four instructors and held all students pending further inquiry.
A New York jury returns a first degree murder verdict against William H. Ford for setting a fire in an apartment building that killed six people. The report also notes Navy modernization calls, a Syracuse University chancellor enlisting, and a Chicago murder trial ongoing.
A hearing before Superior Judge Sidney S. Miller on dissolving the receivership of Indiana Mutual Casualty Company may not finish this week. William P. Evans was appointed receiver after the state alleged inadequate reserves and imminent insolvency danger. Senator James Reed of Missouri represents the company, with Sherman & Ellis, Inc. of Chicago involved in underwriting and seeking to dismiss the receiver.
At a party convention the Klan backed slate faced mixed support as Walter Bossert’s bodyguard mingled with delegates. Paul Shaffer lost the Supreme Court reporter race to Mrs. Edward Franklin White, 1 099 to 251, while Wilbur Ryman was defeated for attorney general after White withdrew and shifted support to Gilliam. Noble Sherwood won for superintendent on the third ballot. Ben Urbahns led for state treasurer on first tally. Marion County counts drew protests and a recount, with Willoughby finally prevailing for judge of the Supreme Court Fourth district.
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