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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
May 28, 1930
Page
11
U S Steel led a late session rally that failed to sustain gains as rails and oil shares slipped. Chesapeake & Ohio and Atchison declined sharply on rail weakness tied to weak April results, while industry groups showed mixed advances.
Indianapolis reports bank clearings of 3.556 million dollars with 5.855 million debits on May 28. Chicago shows 89 million in clearings and 6.4 million balances. New York records 1.107 billion in clearings with 161 million clearing house balance and 149 million Federal Reserve credit balance. Treasury net balance on May 26 stands at 122.755 million. month to date customs receipts total 42.026 million and government expenditures on May 26 amount to 6.327 million.
May 28 hogs receipts 4100 including 1800 direct. Most 160-250 lbs up about 100. bulk good and choice 160-230 lbs 10.50 to 10.60. heavy butchers scarce. Pigs 120-150 lbs 10 to 10.25. sows 8.75 to 9. Sheep receipts 700. ewes 5 to 6.25. lambs 11.5 to 12. best fat lambs 10 to 11. vealers weak, bulk good and choice 10 to 10.50. Calves 425 steady. best 11 or better, most undergrades 9.50 to 10.50. heavy vealers around 9.50. Cattle receipts 325. calves 425. steers and heifers plain, 10 down, some 11. beef cows 78.50, low cutters and other grades uneven.
Paul C. Stetson, superintendent elect of Indianapolis schools, says he will recommend D. T. Weir as assistant superintendent when he takes office. Weir is currently acting superintendent and will remain so until Stetson begins Aug. 1. School commissioners express gratification and expect a favorable vote on the recommendation.
Three Indiana Bell Telephone Company employees were badly injured when their car hit a culvert near Turrell Arkansas. The victims are James R. Petty 21 of 2715 North Gate Street Martin McCarty 2 of 540 North Gray Street and Glenn Douglas of Frankfort.
Market notes from New York and Cleveland show mixed prices across poultry butter cheese and potatoes. Poultry ranges include fowls 20c springers 25c leghorns 17c and broilers 30 38c. butter nos 1 35 36c and 2 33 34c. cheese American loaf 31c longhorns 34c limburger 36c. Potatoes list new York 4 per 150 lb sack Maine Green Mountain 3.25 3.35 per 120 lb sack.
In New York May 28 observers note news of tariff delays dampens optimism, yet stock market resilience suggests deterring influences are discounted. Steady growth in trade and rising bank deposits indicate buying power, with confidence gradually returning and a bullish outlook prevailing.
Fragmentary column lists Baldwin Winesaps and Stayman apples with prices 3 6 6 9 and various items from California Florida Texas and Indiana. Includes lemons peppers cucumbers celery onions beans and other produce with crates, bunches, and per pound pricing.
Birth announcements list newborn girls and boys for numerous families and addresses connected to St. Vincent's Hospital. Names include Paul Bailey Willa Bailey Elmer Secrest Nettie Secrest and many others with linked residences such as 1633 North Arsenal 2009 Gent 620 Eugene and 547 North Paul.
Deaths include Michael Nan 69 of 1829 West Morris chronic myocarditis Melissa Beck 83 at Christian hospital chronic Per 4 Motsasamon 70 St Vincent s the Wilhelmens Schrader 85 2007 North Capito arteriosclerosis Della ee 41 St Vincent s Wilke E Becklehimer 59 565 North 49 city hospital carcinomapital John Whitney 51 623 West Vermont cerebral hemorr Mildred Hockersmith 82 353 Terrace Querry Methodist hospital Eatstan Haigh 12 30 East Sixtieth 77 1108 North
Hog prices at Union stockyards posted gains with steady to 15 cent increases and typical loads in the 160 to 300 pound range bringing about $10.30 to $10.40. Receipts around 6,000 with 578 holdovers. cattle and sheep markets showed mixed results across multiple U S markets with similar upbeat notes on hogs.
In New York and Chicago reports a merger meeting of the Great Northern and Northern Pacific banks without a public statement, while Pacific Northwest Public Service and Central Gas and Electric report April and four month 1930 production gains. Bates Manufacturing declares 25 cent dividend with hope for 75 cent fall payment. International Utilities declares 1.75 dollar and 37.5 cent dividends. McKeesport Tin Plate approves 1 dollar and a 50 cent extra dividend.
The City in Brief lists upcoming events including American Business Club and Advertising Club luncheons at Columbia Club and Board of Trade. It notes Osteopathic speakers Dr. Paul V. Allen and Dr. Paul Blakeslee at the AOA convention in Philadelphia July 7–12. Memorial Day closures affect Shell's Indianapolis offices for a holiday weekend.
Wheat led the rally early on the Board of Trade but profit taking trimmed final gains. Corn fell, oats edged up, and provisions stayed steady as Liverpool cables and foreign news supported the market most of the day. Cash prices gained fractionally amid moderate receipts and ongoing buying for cash use.
Grain prices for wheat corn oats rye barley and clover listed with No 2 red wheat at 1.13 1/3 dollars and corn at 0.83-0.84 for yellow No 3. Oats No 2 white around 0.46-0.47. Butter creamery 37-38, country run 1.20. Timothy hay 1.25 per unit. domestic clover 11.75-12.80 for December futures. Currency and unit details reflect regional market data.
Burglars broke glass doors at Petro and Harris grocery 4127 East Tenth Street but were blocked by heavy window bars. Witness Ben Jabons 4125 East Tenth Street saw three men and alerted police. Two rings worth 90 dollars and 4.50 in cash were stolen from Mrs. Bessie Westley 1032 Belle View Place. Tuesday night a Prudential collector Theodore Pence 725 North Denny Street was robbed of 45 dollars after a man hid in his car in the 2300 block Ashland Avenue.
A garbled OCR list details various building permits and repairs. Entries include Pulton alterations at 510 Division by Priptick Project Company, renovations at 2306 South Pennsylvania for 300 dollars, a 1500 dollar repair at Thirty-second and Monon railroad, and multiple reroofs and dwellings such as 145 South Ritter and 1134 Kelly. Other names appear with addresses and sums like 3841 North Ss Jersey 5700, 1024 North Temple 7500, and 4247 A. E. Smiley.
Companies announce regular quarterly dividends including Pere Marquette, Worthington Pump, Chesapeake & Ohio, and Seaboard Air Line. Rail line earnings show April deficits for Atlantic Coast Line and Chesapeake & Ohio. other rail bodies report gains and stock movements. Monetary indicators from London and Paris are mixed as crude output and refinery activity shift.
Northwest wind 18 mph. Pressure 30.02 inches. Temperature 52 degrees. Ceiling 700 feet. Visibility 3 miles. Field conditions listed as good.
Six of eighteen Indiana railroads failed to increase property values last year, while total assessments for 1930 reached 339.9 million dollars. The Indiana Tax Board released figures listing company valuations and the overall rise of about 1.34 million, with line names including Michigan Central, New York Central, Chesapeake & Ohio, and Grand Trunk Western among those reported.
In San Sebastian on May 28 a civil guard patrol kept peace after gambling supporters paraded and clashed with demonstrators. Ten injured as police fired into the mob. businesses halted as residents demanded reopening of the casino shut during Primo de Rivera era.
Washington May 28 The warm spring weather fails to ease unemployment in building trades and outdoor work according to AFL president William Green. He says one in five union workers still lacks steady work and overall union unemployment was 20 percent in May versus 21 percent in April.
Albert P. Motley, 59, was discovered dead in his Alexandria home after two days in a rocking chair with a newspaper on his lap. Family members believed he slept, until a sister called a doctor and learned he had been dead for two days.
Marriage licenses issued for James R. Ray 23 Birmingham contractor to Margaret Mittelspaugh 18 of 1128 North Illinois. Hubert L Becker 26 machinist of 136 West Thirtieth wed magatzman 25 of 2935 North Capitol clerk. A C Carrithers 61 Jefferson Kentucky farmer to Aletha G Glover 34 1103 North Arsenal saleslady. Willian Z Strebe 51 Wayne county superintendent to Arminta Hager 31 41 North Webster teacher.
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