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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Oct 24, 1928
Page
4
Wheat resumes heavy tone on the Board of Trade as Liverpool shows weakness. Corn drops on higher arrivals while oats hold steady. Provisions gain slightly as traders await further developments and cash markets show strength in corn and oats with some export activity to the east.
The report covers daily actions on the New York stock market as Thomson and McKinnon present market moves. It highlights key player names and notable price changes across major indices and securities.
Chicago hogs were steady at the city yards with receipts of 9 000 and later 22 000 in Chicago trading. Prices ranged with 250 to 350 pounds at 9.25 to 9.60, 200 to 250 pounds 9.50 to 9.60, and butchers around 9.35 to 9.50. cattle and calves also mixed, tops near 17.25 for heavy steers and 15 50 for vealers amid steady to strong demand.
United Press report from Chicago on Oct 24 lists wholesale price ranges for butter 43 to 46 cents extras to firsts. cheese Twins and Americas around 23 to 25 cents. poultry fowls 18 to 29 cents, ducks 21 to 22 cents, turkeys 25 to 30 cents. potatoes arriving on track Wisconsin and Minnesota sacked rounds 65 to 85 cents, Idaho russets $1.60 to $1.90 per cwt.
Early trading showed mixed but overall advance as favorable corporate and railroad results, higher car loadings, oil declines, and potential money easing boosted stocks. Leaders such as Radio Corporation, Union Carbide, U S Steel, General Motors, General Electric and American Can advanced with high volume. new highs were set in several issues including Anaconda and Cerro de Pasco.
The Garden Flower Society hosts an illustrated talk on The Indian Dunes by Prof A A Hansen at 8 tonight in Cropsey auditorium Indianapolis library. The Mutual Benefit Club dance at Crystal Dance Palace 729 North Illinois Street Thursday night. The Lake Union SDA conference plans a Toronto convention Oct 29 to Nov 4. Vandals damaged a Ford sedan owned by Joe W Butterfield on Alabama Street. A A Hansen to speak at central library tonight under Garden Flower Society auspices. Alan W Boyd appoints local leaders for Democratic election efforts. Frank P Malny serves as Garden Flower Society president.
Mrs. Joseph Corliss Preston state superintendent of public instruction testified in a federal trade commission inquiry denying circulation of utility pamphlets in Washington schools. She stated she never received funds from power companies and argued the controversy over a 1923 scholarship essay remained political, with "both sides" presented to students.
A long list of birth notices records many families in Coleman and the city hospital area. Names include Harold and Rebecca Von Readen. Homer and Mary Spencer. Raymond and Rebecca Underwood. Wilbur and Gladys McGinnis. John and Lola Lynn. and others with addresses or hospital affiliations. The column shows multiple births across city hospital, Coleman hospital, and various Coleman's homes.
A compiled death notice collects 24 individuals with ages and causes including acute cardiac dilatation, carcinoma, bronchopneumonia, cerebral meningitis, septicemia, chronic myocarditis, accidental injuries, apoplexy, acute gastritis, acute encephalitis, birth, chronic myocarditis, tuberculous pneumonia, arteriosclerosis, and other conditions. Facilities include Christian hospital, city hospital, St. Vincent's hospital, Central Indiana hospital, and twelfth and Meridian addresses.
Two bandits held up Maurice Duckett at the Silver Flask filling station at Shelby street and Fletcher avenue Tuesday night. They forced oil and water service then covered him with a revolver and escaped with 25 dollars in a Willys-Knight sedan heading north on Shelby street.
United Press reports three laborers died from gas escaping a Phoenix sewer while bricking a cesspool. a fourth man is in serious condition at a hospital. The incident occurred when workers taped the sewer while sealing the cesspool.
Manslaughter hearings are scheduled for November 16 in municipal court for John H. Murray of 2844 Buckle Street and John H. Watkins Jr of East St. Louis Illinois. They were involved in an accident at Thirtieth and Meridian streets early Tuesday that killed 21 year old Orville Amick of 1523 Spann Avenue.
Roscoe Wallace, a Black man, lured women with a sign board to rob them. Helen Tucker, Black, reported the incident and was chased when she refused. Wallace was held on a vagrancy charge.
A list of wholesale fruit and vegetable prices for retailers, covering apples, bananas, melons, cranberries, grapes, lemons, limes, pomegranates, peaches, plums, cucumbers, celery, onions, parsley, peppers, potatoes, radishes, pears, cocoanuts, and more. Prices are given per bushel, crate, half-bushel, box, or bag, with origins including Indiana, California, Jamaica, Michigan, Ohio, Utah, and Tennessee.
A stock note lists a $1,000 bond from Indianapolis Water Company with 514s, reflecting a utility issue in the city. The entry notes its market activity and nominal yield context for investors reviewing local bonds.
Police testified in criminal court about the arrest of Roy Sherrer charged with second degree burglary and habitual criminal status. A jury was selected as Prosecutor William H. Remy said Sherrer served twelve years in prison. He allegedly broke into a garage owned by William T. Millican at 1504 East Thirty-fourth Street.
Indianapolis bank clearings totaled 3 653 000 with debits of 8 190 000. Treasury balance on October 22 stood at 254 063 143.79. Customs receipts for the month through October 23 were 43 564 234.55. New York reports include bank clearings 100.60, clearing house balance 137 000 000, Fed balance 113 000 000. Chicago notes bank clearings 121 300 000 with balances 8 900 000.
A stock market overview discusses trader aims for small point moves regardless of direction and contrasts two investor perspectives. It notes two market phases with section one showing distribution during bearish surface, and section two showing ongoing accumulation including oil-related sectors after recent lows.
Frank C. Dailey gave a non political address to the Lions Club in Lincoln before leaving for Muncie to campaign at a Democratic rally that evening. He scheduled engagements across Indiana with talks in Bicknell Vincennes Bloomfield Linton and Martinsville from Thursday to Saturday.
Senator James E. Watson will address young Republican voters at a Columbia Club dinner Tuesday evening after a junior Republican state committee meeting. In Warsaw a peasant in Smidy Melhynion killed seven with bayonet and wounded five before police disarmed him. Albert Stump, Democratic candidate for US senator, will have a Stump Speech broadcast from Terre Haute on WBOW.
British master in chancery rules Ellen Terry legally an Indiana resident for estate tax purposes. Inheritance officials inspect a 111000 dollar estate after Dame Terry died July 11 at her Kent cottage. Court says she was domiciled in Indiana by marriage to James Carew, born in Goshen.
Evangelist Billy Sunday denounced Governor Alfred E. Smith at a Memphis rally last night. Two chairs were broken on the platform and an egg shattered near him as he urged a heckler to step forward. Sunday's heated attack drew audience identification of the suspected antagonist.
Attorney Frank P. Baker announced a wage petition to the public service commission seeking higher basic hourly pay for Indianapolis street car workers from 40 to 56 cents. The plan would raise to 58 cents at six months and 60 cents within a year, with prior filings having been tabled or resulted in smaller raises.
In Boonville Warrick County Harry G. Leslie Republican candidate for Governor pledged to continue Governor Jackson's business management policy. He attacked opponent Frank C. Dailey a public utility lawyer and warned against Dailey appointing public service commission and industrial board members. He called Dailey a telephone rate raiser and power merger advocate.
William Lybarger files in Brazil Indiana alleging the Terre Haute Indianapolis & Eastern Traction Company caused the 2300-volt shock that electrocuted his wife Maude at home on December 13. The suit argues company negligence allowed high voltage to reach household wiring, harming a mother of five, oldest 14.
In Marion county Sheriff Omar Hawkins displays ten portraits of Leslie along with Hoover Curtis and Robinson as proof of Coffin's strong backing. The scene contrasts Leslie’s public denials of ties to the Marion county machine amid past McCray bribery case links.
Goodrich Rubber Company posted the largest third quarter sales in its history though profits lagged 1927 due to price swings. Market opened strong with blocks of 10 000 and 12 000 shares traded, prices rose sharply except Adams Express which fell over 30 points and National Tea which also declined. Profit-taking followed the bulge yet leaders remained strong.
In Cates Indiana, two bandits robbed John W. Young, president of the Cates bank, taking between 400 and 500 dollars. One waited in a car while the other entered the bank and produced a revolver. The robbers fled south in the auto. Young provided a description of the man who entered the bank as about 40 years old, 5 feet 6 inches tall, well dressed. No trace of the second bandit was obtained.
Ten thousand Indiana college students may return to their hometowns to vote on November 6 under a state election commission ruling. Students must vote in their home precinct unless no longer under parental control, and registration addresses should indicate voting locations.
Governor Alfred E. Smith has earned his first presidential vote from a Republican. An absentee ballot cast in California Hoover’s home state will be counted in Ohio. The ballot was sent by George H. Pinard of Cleveland who is temporarily living in San Jose California.
Funeral services for Henry W. C. Vehling 88 who died at his daughter's home 242 North Temple avenue will be held at 2 Thursday afternoon. Burial in Crown Hill cemetery. Native of Germany he came to Indianapolis sixty four years ago and worked as a cabinet maker until retirement. He was a member of the New Jersey Street M. E. church. Survived by three sons John F. Vehling Charles A. Vehling and William C. Vehling, all of Indianapolis.
The Wayne Township Civic League will meet at 7 30 p m Thursday to decide its position on annexing territory west of Indianapolis along the National Road to Indianapolis The meeting takes place at Towne Ship School 14 in the 4100 block West Washington Street Annexation is under consideration due to the city plan to acquire the municipal airport site near Ben Davis
G O P stages rallies with Albert Ward U S district attorney and James Ogden Republican nominee for attorney general among speakers. State and county candidates will address a Warren township Republican meeting at the Irvington Republican Club with three other meetings tonight. Locations include 2617 E Washington St 1847 College Ave and 556 North Highland Ave.
Judson L. Stark a Republican candidate told the Young Business and Professional Woman's Club at the YWCA to take an active interest in politics and form definite opinions about candidates. He urged selecting county officers after deep thought and study.
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