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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
May 24, 1930
Page
3
Wheat and related grains fell in the final trading hour on the Board of Trade with wheat down 1½ to 2¾ cents, corn and oats also lower as profit-taking and weak cash markets weighed. Provisions firm. Receipts and export signals cited. cash prices unchanged.
Grain quotes for Wheat Wheat No 2 yellow oats and barley show prices and futures. Chicago May 23 primary receipts total Wheat 1 247 000 Corn 70 000 Oats 480 000 with shipments Wheat 836 000 Corn 459 000 Oats 555 000. New York Stocks report by Thomson McKinnon follows.
In New York May 23 stocks rose across nearly all classes with no clear news driving the upturn. Analysts cite accumulation by strong interests and a shift in professional sentiment after recent stagnation. A favorable reception for a reparations loan and anticipated funds release abroad bolster trade revival and suggest better markets ahead.
Receipts mixed with hogs steady to higher at 9.50 10.40 for various weights and sow lots around 20 cents. cattle receipts light and steady. calves strong. sheep light steady. vealers and lambs near steady with best grades firm. bulls and cutters uneven with some declines and few higher prices. multiple entities include Cincinnati, Hog receipts, steer, heifers, calves, sheep, bulls.
City leaders Spiegel Hack Sonnich are introduced by Ladlow as they meet President Hoover. The event centers on civic discussion and official introductions.
Directors First National and American Traders National banks of Birmingham vote to merge by July 1 under First National, assets exceed 72 million dollars. Louisville Gas and Electric appoints three new directors, others re-elected. Various quarterly dividends declared including First National Stores and Crown Zellerbach with July payment dates. Bank reserve changes and rail and utility earnings reported.
A historical price list details assorted fruits and vegetables with per unit and crate costs. Items include apples such as Baldwin and Winesaps with varied prices, pears like Bartlett and Anjou, and tropicals, plus oranges and bananas in crates. Vegetables features include Artichokes from California, Asparagus from California and Georgia, Beans Texas, and Cucumbers Hothouse among others with pricing and unit measures.
New York May 23 closing prices and net changes on principal stocks traded on the New York Stock Exchange were as follows.
Stocks showed strength with slight activity rise from a dull session. Major gains came late with J I Case advancing over 10 points and Westinghouse American Telephone General Electric and United States Steel moving up. Public participation remained light as early gains faded and sales reached 2 157 520 shares.
Indianapolis bank statements show debits of 2,936.00 and totals of 6,997,000. New York clearings reached 1,005,000. The treasury net balance on May 21 was 11,910,783.11 with customs receipts 33,821,776.96 and expenditures 5,682,948.70.
A compilation of prices from Indianapolis Chicago and Cincinnati detailing eggs per dozen hens leghorn hens springers and broilers, poultry prices for ducks and geese, butter and cheese wholesale rates, and regional variations for fresh stock and fat content. Notable figures include No 1 top quality eggs, butter at 36 37c, and Leghorns around 19 20c with regional shifts in meat and dairy commodities.
Loans on stocks and bonds to New York brokers rose to 4 015 billion on May 21, up from the prior week, approaching year ago totals with a record high in 1929. Public Service of New Jersey reports April earnings and surplus gains, while unit corporation posts its best first quarter ever. Public Service declares quarterly and preferred stock dividends. Pittsburgh Suburban Water Service shows higher yearly gross revenue and lower expenses. Aldred Investment Trust trustees declare a 50 cent semi annual dividend.
In New York on May 23 cotton rose on fears of unfavourable rains in Texas Oklahoma and Arkansas and a bullish Dallas News crop report but later eased as forecasts favored fair weather in the western belt. The May option expired at noon ten points under July with tender to cooperatives over half a million bales. The market remained a trading affair.
Thieves looted Mooshy rug store at 139 North Meridian, stealing oriental rugs valued at an unspecified amount. Police identified Mooshy as the store owner who runs two rug shops in the area. Detectives investigate the burglary and review nearby surveillance for leads.
Hog trading rose about 20 cents at the Union stock yards with 160 to 300 pound hogs selling from 10.40 to 10.50 and top at 10.50. Receipts around 5,500 head with cattle and veal prices steady. Chicago hog receipts totaled 20,000 with 10,000 direct and loads of choice weights at 10.25 to 10.35. Cattle receipts 2,000 and sheep 13,000.
Chicago and East Buffalo market notes show Hogs receipts about 20 000 in Chicago with directs around 10 000, prices up to 25 cents higher, top hogs at 10.40. cattle receipts about 2 000 with strong demand for fed steers, prices 25-50 cents higher. sheep receipts around 13 000 with steady to higher tone, spring lambs up to 13.50-11.85 for slaughter types. Bulls, calves, and feeders also show gains across weights and grades.
A collection of birth announcements lists numerous newborn boys and their parents. Entries mention families such as Baker, Madden, Taylor, Purdue, McConnell, Duvall, Brittain, Beidelman, Alverson, Cogswell, and Priest with associated street addresses and spouse names, reflecting a local parish or hospital birth notices compiled in this period.
A garbled list from a local obituary page names Etta Bond Bland, Sylvia Kirby, Loucks, Orville E. McGathy, Milton Harold Wallis and others with causes including cerebral hemorrhage, myocarditis, bronchopneumonia, arteriosclerosis, brain hemorrhage, and uremia. Several entries include ages and street addresses, with hospital affiliations and partial biographical notes.
Building Permit Co. M files a Clark garage at 114 South Gladstone for 200 dollars. J. J. Keach & Co. handles repairs at 112 South Delaware for 500 dollars. Emma Davis plans a garage at 415 North Sherman Drive for 250 dollars. B. F. Kibbe records dwelling and garage work at 2000 Riverside Drive totaling 5,000 dollars.
West and Central markets report varied hog and cattle receipts. Hogs steady to 15c higher with 150-210 lb at 10.65 10.75 in Cleveland. cattle receipts moderate with steady to higher weight ranges. sheep steady with spring lambs around 9 11.50. Louisville and Pittsburgh show similar trends with mixed weights and prices, including prices for hogs 8.65 to 10.30 and cattle 8.50 to 10.50 depending on class and weight.
State Fire Marshal Alfred E. Houston announced a department bulletin warning property owners to secure proper wiring. The bulletin cites more than $581,240 in property loss in Indiana last year as evidence of risks and urges improvements to prevent fires.
Unsightly wooden and cloth signs along city boulevards were ordered torn down by the park board. Motorcycle policemen were directed to remove all signs erected without park board permits while park engineer J. E. Perry was to inspect boulevard lighting and cut surplus standards.
A new eight story concrete garage with basement and roof opens in Indiana, claiming to be the largest in the state. It offers 110000 square feet of space with special inclines and escalators for rapid service, finished first floor art tile, and is built with Indiana Limestone. Fred C. Gardner is president, William A. Atkins vice president, Edward W. Springer secretary, and Stanley Lewis to manage.
Rail and Lodge groups will attend a Sunday ceremony in College Corner Ohio to dedicate a monument for Arthur H Reynolds a Baltimore and Ohio railroad yardmaster and his wife Mrs Reynolds former president of the veterans auxiliary Both were long time residents of 118 North Belmont Avenue Indianapolis Reynolds died April 21 1929 and his wife in February 1929
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