Heavy trade continues as prices slump in early Wall Street
Trading on an extremely heavy scale kept pace with a two million share day as interior buying failed to offset Wall Street selling. Steel and Baldwin can agreements fell fractionally while Nash Motors surged 32 points to 488 and United Foundry rose 2 1 2 points to 145 in an uneven session with several issues reaching record highs later in the day.
MENTIONED IN THIS ARTICLE
United Press
NEW York
Wall Street
Steel
Baldwin
Can
Ward Baking
Nash Motors
Andoundatior Company
Foundation
Trade Reports Show Fifth Consecutive Month of Fewer Failures
New York October 5. For the fifth straight month commercial failures in the United States declined. September recorded 1 465 defaults down from August 1 153 and July 1 685 with January a peak of 2 817. Debts averaged down with September liabilities at 30 687 319, the smallest in two years.
MENTIONED IN THIS ARTICLE
United Press New
York
United States
R. G. Dun & Co
Wholesale Fruit and Vegetable Prices As Listed for Retailers
A dense listing of wholesale prices for fruits and vegetables targeted at retailers. Items include apples, pears, cantaloupes, peaches, melons, grapes, and more with 40-pound baskets, crate prices, and per-every measures. Prices span multiple varieties and regions, with notes on denominations and packaging.
Sugar Market Slows as Sellers Hold Back Prices
In New York on October 5, the market shows little business as sellers refrain from disposing of lines below production cost. Most trades stay under 2 1 2 cents, with distress holdings dominating. Recent futures rise suggests hedging has been completed, at least temporarily.
Wholesale Meat Prices From Native Beef and Pork Notes
Beef natives steer 500 to 800 lbs 223 24c per hundredweight under carcass? 3c hinds native heifers 300 to 350 lbs 18 23c fores under carcass hinds over carcass 5c native cows up to 700 lbs 12 15c fores under over carcass 3c tongue 23c. iso 45c. Pork dressed hog 14 De non h Bic panc hams 2 lbs 19c fresh tenderloins bacon five am hocks 14 4c raw pig rare? meat rate 9e. Veal carcasses 200 lbs 21 24e hinds saddle or carcass Be fore under carcass Ge brains 1c sweet breads 65c tongues 22c. Mutton spring lambs 25 to 40 lbs 29c mutton 8 208 legs 26c fores 10c sheep flocks 18c tongues ibe.
Local mills pay 1.47 for No 2 red wheat in Indianapolis
Indiana mills and grain elevators set 1.47 for No 2 red wheat with other grades on merit. Attorney Robert Henry Jr was fined 1 and costs and sentenced to one to seven years in Indiana State Prison by Judge James A Collins on a charge of false pretense and grand larceny. Henry denied illegally obtaining 200 dollars from Effie ee 1277 Park Ave.
MENTIONED IN THIS ARTICLE
Indianapolis
Robert Henry Jr
Indiana State Prison
James A. Collins
Henry
Miss. Effieee
Park Ave
Bonded sister seeks missing John Gray in narcotics case
Mrs. Maude Osborn of Sheridan pleaded in Federal Court for help finding her brother John Gray, who left her farm after receiving a $1000 oral bond in a narcotics case. She fears dismissal of their home and suspects he may have gone toward Chicago. narcotics officials advised contacting Police Chief Herman F. Rikhoff.
MENTIONED IN THIS ARTICLE
Maude Osborn
Sheridan
John Gray
John
Chicago
Herman F. Rikhoff
Wheat leads grains higher on Chicago open
Wheat rose substantially at the Chicago Board of Trade with other grains climbing as shorts entered the pit. Buying was sparked by bullish cables and cooler temperatures, with corn and oats gaining and provisions seeing good short buying.
MENTIONED IN THIS ARTICLE
United Preas
Chicago
Chicago Board of Trade
Shorts
Chicago Grain Table October 1956 Wheat Prices and Receipts
Chicago grain table shows wheat futures for October 1956 with open high low and close in Dec and May contracts. It lists receipts for wheat corn oats rye and Seeley figures, along with shipments and comparisons to prior periods in city markets.
MENTIONED IN THIS ARTICLE
Chicago
Seeley
Markets Echo Mixed Prices Across Poultry Butter and Cheese
Chicago and New York markets report mixed poultry prices with hens at 21c to 38c, leghorns around 15c, turkeys up to 30c, ducks ~22c, and roosters 10c. Butter values hold steady near 50c per pound with fat buyers at 62c, cheese prices range from 27c to 58c, milk products and receipts noted, while Ohio and Cleveland show regional tweaks on fowl and butter.
MENTIONED IN THIS ARTICLE
Indianapplis
New
New York
Migiewon
Santos
Pacific Coast
Cleveland
Creux Ee
Northern Ohio
Ano Wendorites
Indictments Filed by Marion County Grand Jury
A Marion County grand jury, before Judge James A. Collins, indicted Miss Anna Graves and eleven men on multiple charges. Anna Graves and Martin L. Shea face assault and battery with intent to kill. Joe Marshall and Willis Clark are charged with vehicle taking. Leo E. Whistler and Blaine Collier transport liquor. William Moore, Albert W Kennedy, and Shea are charged with conspiracy to commit robbery. David C. Stephenson Fred O Butler Earl Gentry and Earl Kuliick face conspiracy to commit arson.
MENTIONED IN THIS ARTICLE
Marion County Grand Jury
James A. Collins
Miss Anna Graves
Fifteenth St
Martin L. Shea
Joe Marshall
Willis Clark
Leo E. Whistler
Blaine Collier
William Moore
Albert W. Kennedy
Shea
David C. Stephenson
Fred O. Butler
Earl Gentry
Earl Kuliick
Teschemacher Parents Await Word On Second Twin
Mr and Mrs Frederick Teschemacher, East to claim the body of one of their twin sons lost in the 851 submarine disaster, remain in New London awaiting news on Frederick the other twin who may have been washed overboard. Relatives report many condolences from across the country as the parents worry.
MENTIONED IN THIS ARTICLE
Frederick Teschemacher
New London
Frederick
Charles Frady
the Teschemacher
Myers Campaign Intensifies With Full Week Speaking
Walter Myers Democratic candidate for mayor schedules a full week of engagements including noon remarks at Belmont Malleable Iron Works and Link Belt Company. John L. Duvall Republican nominee to deliver a keynote Tuesday night and opens at his home 6242 College Ave.
MENTIONED IN THIS ARTICLE
Walter Myers
John L. Duvall
Myers
Belmont Malleable Iron Works
Link Belt Company
Englewood
Duvall
College Ave
Not Guilty Pleas Entered in 50 Defendants Case
Fifty defendants arraigned before Judge James A. Collins in Criminal Court. Not guilty pleas were entered by John Smith Clif ford Pollard McKinley Jones and Roosevelt Hicks all identified as colored to charges of first degree murder.
MENTIONED IN THIS ARTICLE
James A. Collins
John Smith
Clifford Pollard
McKinley Jones
Roosevelt Hicks
Diamond Ring Missing From Eva Roraback Store
Mrs Eva Roraback proprietor of a fruit and candy shop at 1498 Illinois Street reported to police that a diamond ring valued at 100 dollars disappeared from a hiding place beneath a candy tray.
MENTIONED IN THIS ARTICLE
Eva Roraback
Illinois St
Hogs Leading Market Rise at Indianapolis Livestock Exchange
Light receipts estimated at 4500 and carries 1162 from Saturday pushed hogs up 20 cents amid low supply. Top price 13.20, most sales 12.80 to 13.10, with lighter hogs and light weights near the top. Cattle trade slow. steers 8 to 14, heifers 15 to 16, cows steady around 4.8. Sheep and lambs steady with top 15, calves down to 14. total receipts ~900 cattle, 200 sheep and lambs, 700 calves.
MENTIONED IN THIS ARTICLE
Indianapolis Livestock Exchange
Jommion
Cincinnati
Alo
Pittsburgh
Louis
Paul
Cleveland
Toledo
Cattle and Hogs Mixed in Regional Market Reports
Market notes show receipts around 36,000 with varied demand across regions including Cincinnati Cleveland and Toledo. Prices indicate steady to slightly lower trends for cattle and hogs. top hogs around 12.70, calves 13.15, lambs/ewes mixed with steady to lower pricing, with regional shifts in western and eastern markets.
Inquiry Into New Merger Aims at Sherman Act Check
DoJ attorneys open private inquiry to decide if the $40 million General Baking Corporation merger violates the Sherman anti trust act. Officials say a week or more is needed to complete the review. The merger makes General Baking the world’s largest baking firm with 157 plants nationwide.
MENTIONED IN THIS ARTICLE
Bu _ United Aress
Washington
Department of Justice
General Baking Corporation
Local Firms Included In Merger Forming General Corporation
The Taggart Baking Company of Indianapolis joins the Continental Baking Company in a merger that created the General Corporation. W. L. Taggart previously led press operations.
MENTIONED IN THIS ARTICLE
the Taggart Baking Company of
Indianapolis
Continental Baking Company
General Corporation
W. L. Taggart
Press
Taggart Company Merges with Ward Baking Firm
The Taggart Company becomes vice president and director of the Consolidated Ward Baking Company merger. Ward Baking, a leading distributing organization, participates in the merger here.
MENTIONED IN THIS ARTICLE
Dent
Taggart’ Company
Consolidated
Ward Baking Company
Meeting to Defend Faith at Cable Tabernacle
A Christian conference opened at Cable Tabernacle Sunday led by Prof. Samuel E. Long to combat modernism and materialism and run through Oct. 13. Speakers included Rev. Guy Wilson of Brookline Mass and Dr. E R Carswell of Greencastle Ind with topics on Second Coming of Christ and Genesis presented views on primitive man and creative evolution.
MENTIONED IN THIS ARTICLE
Samuel E. Long
Cable Tabernacle
Guy Wilson
Brookline
Mass
E. R. Carswell
Greencastle
Ind
Melvin Grove Kyle
Xenia Theological Seminary
St. Louis
Three Killed in Gang Feud Near St Louis Roadside
At a roadside roadhouse near St Louis, three men were slain in a early morning attack tied to a revived gangland feud. Police listed two victims as known gangsters, Vincent Gedde and Don Hoffman, while a third man remained unidentified. The proprietor reported five men entered after revelry ended and tried to rob him. he fired his revolver, killing the trio.
MENTIONED IN THIS ARTICLE
United Press
ST. Louis
Here
Vincent Gedde
Don Hoffman
Quinn
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