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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
May 24, 1927
Page
3
Nicholson berated the Chamber of Commerce for failing to live up to its Indianapolis first policy and urged deeper involvement in the city’s vital affairs to counteract mounting adverse publicity.
On May 24 the New York Stock Exchange saw several special issues reach new highs amid a firm tone. Baldwin climbed to a new high, Pittsburgh Coal and Pullman advanced strongly, Houston Oil, Case Thrashing Machine, and American Smelting and International Harvester rose, while Erie led mixed rails. Pittsburgh Coal and Baldwin posted yearly records, and equipment firms remained firm on railcar and engine demand.
Indianapolis clears totaled 3 601 000 with ebits 6 343 New York clears 1 135 000 000 and balances 101 000 000 Foreign exchange opened steady demand sterling 4 8535 and mixed moves across francs marks Belgian and others per United Press May 24
Markets list varying prices for creamery butter eggs poultry and produce. Butter and eggs show mixed but steady quotes in tubs and delivered rounds. poultry includes leghorn fowls broilers and ducks with regional price ranges. potatoes and sweet potatoes priced by sack or basket for Maine Michigan Florida and other regions.
Cliff Durant, millionaire racer, had a speedy roadster attached by Sheriff Hawkins after suit filed in Superior Court Two. William P. Herod seeks $1,114.22 for defense in two 1923 lawsuits stemming from a track crash injuring two and killing one. The car is in Huff's Garage on Market Street. Durant was at the track preparing for the 500 mile race.
Calves show weakness to lower grades along with other livestock in a brief market report dated this month. Trade notes softness and general softness in calf prices amid existing supply dynamics.
New York Stocks pmson and McKi report distinctly lower hog prices at the Indianapolis Union Stockyards after Monday weakness. Early trades show hogs 15 to 35 cents lower with a top of 9.75 and overall receipts around 10,000. Cattle and calf prices show mixed moves while sheep and lambs remained mostly steady as buyers settled into the day.
Cattle receipts 10,000 with fed steers at 10 to 15 cents higher. killing quality plain. Sheep receipts 9,000 with fat lambs steady to strong, Colorado lambs above 16.75, clipping varies. Hogs receipts 30,000 generally 10 to 15 cents lower with heavyweights 8.75 to 9.85. Louisville and Pittsburgh markets show mixed gains and steady tones across cattle hogs and sheep.
The Cotton Market notes a rising trend as the framework for a bull market solidifies. Traders anticipate short holding periods with profit-taking emphasized, aiming for brief, day-to-day gains rather than long-term bets.
Local grain elevators quote 1.33 dollars for No 2 red wheat. Other trades are bought on their merits.
A detailed price sheet lists wholesale fruit and vegetable items with suppliers, origin, and per unit costs. Items include apples from Ben Davis and Cuba, bananas, pineapples from Cuba, strawberries from Tennessee, and lemons from California, alongside assorted vegetables such as asparagus from H G, cabbage from Mississippi, and onions from Texas. Units vary from crates and baskets to per dozen or per pound.
In Sugar Market New York May 24 transactions in sugar futures were confined to small lots. The market swung from active to dull quickly while prices held up and new business stayed limited. Until granulated demand strengthens enough to lift refined prices, futures are likely to see small rallies and little new business.
Chief Engineer William J. Titus says 160 miles of state highway will be under contract by year end, with 60 miles to let and 70 miles left over from last year totaling 230 miles under construction. Bids today cover 23.42 miles in No 41 and No 56 projects across several Indiana counties. twenty three bridges will be bid Wednesday. 93 bridges are in the year program.
Lindbergh plans to fly over Paris in his Ryan monoplane then head to Brussels and London. He will visit the marine ministry and Le Bourget Field while crowds press for autographs, with a professional secretary handling mail.
In Los Angeles on May 24 the trial of Paul Kelly, screen actor, charged with murdering Ray Raymond, husband of Dorothy Mackaye, went to a jury. Judge Charles Burnell instructed the panel that verdicts possible include first or second degree murder, manslaughter, or not guilty.
Wheat futures surged hitting new highs as May contracts rose amid rains in the Southwest and Canada. Liverpool strength fueled buying and heavy shorts covered. Cash market up while export business stayed quiet. corn and oats firmed modestly with light trade and mixed receipts. Provisions fell.
Adjutant General William H. Kershner lauds Captain Charles A. Lindbergh as a Missouri National Guard flier and says the hero’s achievement inspires Indiana guardsmen. He notes progress in the Indiana National Guard aviation section and plans for three new War Department planes to strengthen the unit.
A memorial service in Nancy Hanks Park Lincoln City Indiana will include sending soil from her grave in Rockport to France for deposit in the national archives. The act will occur during the first honorary salute at the grave of Nancy Hanks Lincoln attended by Rockport American Legion veterans and Civil War and other war veterans. Col James S Wright 95 Civil War veteran will speak joined by A J Wedeking state highway commissioner and F A Hearing former circuit judge of Spencer and Perry counties. Rockport band will provide music.
The board of zoning appeals will hear the petition of property owners to discontinue the use of 2112 North Delaware Street as a sanitarium this afternoon.
Police Chief Clyde F. Johnson lauded the civil service system for police and fire selections in Indianapolis. He urged a statewide training school for all law enforcement officers, noting improvements in officer quality. City officials and visiting dignitaries welcomed the group as talks covered public safety education and identification bureaus.
Gates urged Indianapolis residents to vote June 21 on abolishing the Federal system and adopting the city manager form. He defended the plan as efficient government with broad citizen support, citing attorney opinions and past city experiences as evidence.
The joint third quarterly meeting of the north group of the Methodist Church of Indianapolis will be held at Broadway Church at 7 30 this evening. Discussions include selecting judges and tellers for the lay election to be held next September at Riverside Church.
In Hartlepool England Mrs Sarah Stringer, wounded by German bombs during the 1914 bombardment, died recently. A coroner's jury ruled her death as death following wounds received during the bombardment, noting shrapnel injuries never healed properly.
City council will hold a public hearing at 1 30 p m Friday on ordinances rezoning the northeast corner of Fifty Seventh St and Central Ave for a school building the southeast corner of Forty Sixth and Illinois Sts for a fire station and the southeast corner of Thirty Eighth St and Central Ave for business use.
Indiana radio listeners must remake logs as the state and adjacent markets implement the commission reallocation starting June 1. Stations including WFBM Indianapolis 1330 kHz and WKBF 1190 kHz adjust wavelengths with power changes. WRPI Terre Haute keeps power while TV signals reallocated. Chicago and Cincinnati outlets see notable shifts. tests run for sixty days with possible further changes.
Miss Grace Meng, a sixth grade teacher at School 66, won the Grade Teachers Association's fourth annual scholarship of $200 for summer study outside Indiana. Eligibility requires five years teaching, twelve hours of university work, and no prior Indianapolis scholarships.
August Heisel of Pound Wisconsin died at the Warner Malleable Castings Company plant in Hammond Indiana Monday when an emery wheel fractured. A fragment struck his chin and broke his neck in the accident at the work bench.
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