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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Sep 12, 1925
Page
3
New York trading opened with brisk activity and no irregularities as the general list moved higher. Fresh buying absorbed profit taking, lifting leaders like General Motors Studebaker American Can and Sears Roebuck to new highs before the close.
New York reporters note subdued activity in currency markets on September 12 as the franc, mark, and ruble show small gains and losses. The franc stands around 84, the mark near 80, and the ruble about 5.15 against the dollar with Shanghai and Yokohama quotes modest.
Local bank clearings in Indianapolis today reached 2 912 000 dollars and weekly 13 930 000 dollars. Roane area debits totaled 2 927 000 dollars with weekly debits of 27 866 000 dollars.
Fragmented financial ticker reads NY Liberty bonds with mixed prices and indices. Various numbers and symbols appear, indicating market activity and bond quotes from government securities.
Trade reviews report heavy demand for softwood with 367 principal mills booking orders for the week ending Aug 29, 3 percent above production. Southern pine and Douglas fir stocks are depleted, forcing delays as west coast fir also sees strong orders. Sales focus on framing lumber, boards, shiplap, and high grade flooring while hardwood production rises with brisk bookings for oak flooring and lower grade birch and maple for box making.
A dense rundown lists assorted fruits vegetables and prices for wholesale sale. Items include apples pears melons bananas cantaloupes lemons grapes limes Valencia oranges peaches celery lettuce corn cucumbers onions okra and more with per basket per dozen or per hundredweight pricing, tied to regional producers and markets.
Indianapolis grain markets report No. 2 red wheat bids at $1.60 per bushel. Elevators and mills set price levels and evaluate grain grades for merit.
Grains ended lower on the Chicago Board of Trade with wheat under traders’ control and expected support near current levels. Nearby corn held a strong under tone as light movement kept prices steady. oats traded with slight recessions while cash houses buying supported provisions.
Hog market at Indianapolis Livestock Exchange held steady with light receipts about 4,000 and 482 hold-overs. Prices ranged $9.50 to $13.75 for hogs, top at $13.75 for light types. cattle and sheep largely steady with limited offerings and lambs at $15.50 and top show lambs at $16. Calves topped at $14.50 as volumes eased and delayed week-end trade capped gains.
Chicago grain table shows figures for Wheat Corn and Oats with weekly totals and comparisons. Wheat 2113.0 ref 3.192 million bushels. Corn 309,000 bushels. Oats 1 062,00 previously 2,270,000 for Wheat. Corn 187,000 versus 455,000 oats 462,000.
Cash grain receipts total 30 cars with bid prices and basis to New York on track in Indianapolis. No. 2 red wheat around 1.63 to 1.65 dollars. No. 2 white corn 92 to 94 cents. Timothy, clover and mixed hay quoted with premiums and varied futures notes. Chicago and St. Louis markets show mixed bids for wheat, corn, oats, barley, rye, and timothy with late September to December futures.
A chaotic market wire reports varied prices across regions including Indianapolis creamery butter at 45 cents, eggs 28-29 cents, and poultry values for ducks hens and turkeys. Chicago and New York summaries show butter receipts 1,187 pounds, lard and cheese quotes, with potatoes and flour noted and regional differences in commodity futures.
Meat prices list for steers 500 to 800 pounds at 22c dressed carcass 4c hinds over carcass 6c native heifers 300 to 450 pounds 18 2c fores under carcass 4c over carcass Be natives cows 400 to 700 pounds 1144 18c fores under carcass Se ninds over carcass 4c tongue 2c sweetbreads 45c Pork dressed hogs 140 to 200 pounds 101 ag ait' dietie hams 4 to 1c tenderloins on fresh ham hock 8 ise nigsfeet fores 6c Veal carcasses 79 to 200 pounds 19 23c hinds and saddles over carcass 8c fores under carcass 6c brains 1c sweetbreads 60c tongues 22c Mutton Spring lambs 26 to 40 pounds 29c mutton saddles egs 26c fores 10c sheep brains 43c tongues 5c.
United States District Attorney Albert Ward appeared in South Bend Indiana to oppose a petition by Frank B Jaqua of Portland seeking suspension of his two year Leavenworth Kansas sentence and a $1000 fine for his role in the Hawkins Mortgage Company mail fraud conspiracy. Jaqua is the first Indiana defendant to seek relief under the new Federal probation act approved March 4.
Hogs receipts firm across markets led by heavyweights and feeders with prices up to 13.70 for fed steers and 15.80 for top fat lambs. Cattle and calves show gains on steers, cows, and vealers. lambs and sheep mixed with gains in some regions. Regional notes include Cincinnati East St Louis Cleveland Pittsburgh and Buffalo markets with varied receipts and price ranges.
Mrs Harriett Fogg Morgan 22 of 3843 N New Jersey St is in city hospital with possible skull fracture and internal injuries after being struck by an auto at Thirty Eighth St and Central Ave Leo Stahl 38 of 4120 Park Ave the driver faces an assault and battery charge Relatives identified her later at the hospital.
Mrs. Gertrude McCarty, 3749 West Tenth Street, was hit by a car driven by Frank Rigs, 3537 Garden Avenue, in the 3700 block of Tenth Street. She suffered hip injuries and was taken home after the collision.
United Press interview with B W Snow, crop expert, argues farmers now stand on equal footing with other classes due to rising prices. He cites wheat and corn price gains, notes small wheat crop and possible imports, and highlights hogs and cattle selling at three year highs.
Creditors approved a purchase of the Indianapolis Abattoir Company in receivership by a new corporation named Indianapolis Abattoir Corporation. More than 95 percent of general claims totaling 1 161 507 92 were filed for a deed to assets valued at 475 000. Remaining creditors with 27 286 81 claims receive 41 percent.
Numerous birth announcements from Methodist Hospital and St Vincent's Hospital note new arrivals including girls Claude, Pauline Bair, Sylvia Young, Millie McDaniels, Margaret Spaulding, Mary Quill, Hazel Wright, Dorothy Sarnes, Muriel Walker, Flora Fendley, Frances Knox, Jessie Byram, Lula Smith, and more. Parents’ names tied to local addresses on Napoleon, Central, Pere Airechte, and Mor al streets.
Death notices show several individuals with ages and locations, including Melody Peterhoff five months old at 952 Arnolda with broncho pneumonia, Charles Carmack fifty one at City Hospital from accidental injury, Virgil W Wright thirty three at Methodist Hospital with acute appendicitis, and others at Central Indiana Hospital, English Hotel, and City Hospital with different conditions and addresses. The text is garbled with several misspellings and incomplete phrases.
Gustave G. Schmidt of the city plan commission outlined visions for Indianapolis expanding trade districts beyond downtown. He predicted Pogue’s Run could become a subway for fast car transportation, and Thirty-Eighth Street as a second Washington with bridges over Fall Creek and the White River. Plan officials discuss re routing cars to aid pedestrians.
Patrolman Alfred Ray known as Cappy served twenty years in the local police force. He rose to captain and later returned to patrol duties. Favored by colleagues for good humor he once faced a mob at Military Park and was injured. Now assigned to Brookside Park, he lives at 847 Tacoma Ave.
City officials expect an appeal to the State tax board to cut the Indianapolis sanitary levy by one cent. James M. Ogden and Harry O. Dunn met with board members in a lengthy conference. Ogden argues increasing the levy to six percent was illegal even if the cent came from the park levy. Sanitary commission members contend the adjustment was legal as long as the total city budget is unaffected.
Mary Mervan proprietress of a dry beer saloon reports her purse with 150 dollars stolen from the saloon rear. W L Bedford reports 75 dollars worth of items taken from his paint shop. Sablosky department store at 2343 Station Street reports 200 dollars worth of clothing stolen.
Ralph Rasnake, 13, of 466 West Thirty-First Street, was thrown from his bicycle while racing with 14 year old Howard Hockenschmidt at Indianapolis Avenue and West Thirty-First Street. Rasnake’s head hit the pavement and he was sent to city hospital.
Eighteen Indianapolis Times representatives visited Newcastle to tour the statehouse public buildings and monuments. They viewed an edition of The Times and returned to deliver their papers after a morning motor bus trip. The group included Harold Mc Cray Earl Brown Donald Wildman Wayne Harvey Paul Stonerock Robert Day Junior Lentz Donald Fields James McMillen James Knecht Robert Baldwin Max Daubenspeck Wayne Brenneke Philip Taylor Robert Trout Robert Haler Frank Cofield Scott Chambers.
Democratic leaders denounce primary poll sheet registrations as faulty and uneven urging proper full names on registration. Officials warn transfers from polls to registration lists require court action for corrections while noting a strong Republican vote in the Lemcke Duvall contest could affect fall turnout and Myers supporters aim to mobilize voters.
Five naval airmen battered but well rested after their Pacific flight. Commander John Rodgers and crew arrived on the MacDonough at Pearl Harbor where tranquil physicians ordered rest. Admiral McDonald, Governor Farrington, and other notables greeted the rescuers amid a restrained welcome and hospital stay.
Washington reports the Mitchell aircraft controversy moving beyond control as Colonel Mitchell faces possible court martial for insubordination likely in San Antonio. The administration seeks an impartial inquiry to calm public demand while approving the court martial to pacify War and Navy Departments and the general staff.
The body of 14 year old Thomas Zygil was recovered from a cavern at a West Side clay and sand pit after Thursday’s collapse. A hand and arms were uncovered. physicians reported no pulse and said death occurred shortly after the incident.
Walter Riley aged 50 and his wife Laura 37 of 437 New Jersey Street were charged today with blind tiger offenses after a raid by Sergt Reilly and his squad.
Ten men were awaiting trial in Anderson Indiana city court on charges of gambling and operating baseball pools.
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