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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Sep 30, 1930
Page
6
United Press reports wheat prices rose across world markets with the Liverpool and Buenos Aires exchanges opening higher. Corn and oats followed gains, while provisions climbed sharply. Traders noted caution amid record North American supplies and competition from Russian and Canadian wheat abroad.
The federal government seeks to halt the $1,000,000,000 Standard Oil of New York and Vacuum Oil merger. Trial will be held in Omaha, Nebraska, before five judges of the U.S. circuit court of appeals. Government briefs call the merger a violation of the 1911 Standard Oil dissolution decree.
Tulsa weekly crude oil rates fall as daily output slips while London and Paris currency notes show mixed movements. Contracts for New York residential building rise through Sept 26, with total September awards reaching 75.29 million dollars. Independent Petroleum Association elects James Cloud as Oklahoma division president. Corporate earnings report mixed: American Sumatera Tobacco posts a 394,926 dollar loss. United States Dairy Products reports 1.19 per share. Oklahoma Natural Gas posts 4.68 million profit. Public Utility Holding extends exchange, Canadian Pacific posts eight-month totals, and rail stocks record added New Haven shares. Federated Metals pays 25 cent dividend. Oil Shares Inc. pays 75 cent. Interior department accused of favoritism in western Colorado oil shale leases. Secretary Wilbur denies leases issued under current administration. Ralph S. Kelley suspended and urged to name companies.
New York Sept 29 closing prices and net changes for major NYSE stocks include American Can 120, American Smelting 514s, Anaconda 36s, General Electric ey, General Motors 3812 a, International Nickel 2014, Loew's Inc 6914, New York Central 150%, Public Service 87, United States Steel 15655, Westinghouse Electric jag, Warner Brothers Pictures 2.
Porkers moved lower at the city yards with prices down about 40 cents while bulk 160 to 300 pound hogs sold for 9.25 to 9.85 and a top of 9.90. Receipts were about 6,500 with 147 holdovers. Cattle bid 25 to 50 cents lower. cattle receipts 6,000 calves 2,000. Sheep and lamb receipts 1,500. bulk lambs 6.50 to 8.00. Chicago hogs 24,000 receipts with 5,000 direct. holdovers 6,000. hogs 9.35 to 9.60 for 180 to 210 pounds.
Report from New York markets dated September 30 details daily stock movements. Key indexes fluctuated as trading progressed with notable activity in industrials and rail shares.
United Areas reports Chicago hogs 24 000 with mixed grades and price drops early then steady. Cattle receipts 6 000 with varied weights, steady to higher in places. Pittsburgh and Cincinnati show slower demand but steady beef prices. other markets mirror softer hogs and steady cattle, calves and sheep with regional price spreads.
Grain elevator notices from Local Wagon Wheat City reference Fedneat and Gee for No 1 bar d and list Tic for xo in a terse OCR fragment. No clear events, dates, or entities beyond scattered names and rail terms.
New York September 30 heavy selling continued on the stock exchange as large blocks sold off poorly margined accounts. Opening prices fell fractions to a point with many issues hitting new lows for the year. Major blocks included Standard Brands 7000 at 174 off 44, Kennecott 5300 at 2814 unchanged, General Motors 5000 at 383/4 off 4s, Atlantic Refining 25 off 34, Chrysler 20s off 14, oil shares uneven, United States Steel opened unchanged then 156 and American Can rose to 120.
Indianapolis New York Chicago reports show monthly and daily bank clearings. Totals include September debit and credit activity, with treasury net balance for Sept 27 and month to date expenditures and customs receipts.
Prices from Indianapolis to Cincinnati and Chicago show eggs and butter steady or firmer. Poultry and fowl rates vary by weight and type with Leghorn hens, springers, and broilers listed, while cheese and potatoes hold at existing levels across markets in New York, Chicago, Cincinnati, and Cleveland.
Northeast wind four miles an hour and a half inch pressure at sea level is 30.26. Temperature is 56. Ceiling unlimited. visibility one mile. field good.
Columbus Ohio Sept 30 announcement at Ohio State University states E W Scripps co founder of the Scripps Howard newspapers and James W Faulkner longtime Cincinnati Enquirer political editor have been elected to the Ohio Journalism Hall of Fame by a panel of editors and historians Scripps died in 1926 at 72 Faulkner had a 40 year career including 30 years as political correspondent for the Enquirer and gained national attention through his coverage
The City in Brief lists ongoing activities including Girl Scout executives convention in Lincoln all day and various luncheons at Columbia and Board of Trade venues. It notes political chatter on reform and potential shifts if Republicans and Democrats unite, plus local appointments and events from Purdue band leadership to city recreation congress in Atlantic City and a masked ball at Municipal Gardens on Oct 22.
Federal trade commission witnesses accused Carolina Power and Light of indefensible methods in inflating Raleigh area firm values. Accountant Carl H. Depue cited a $19,000,000 write up in 1926, saying the rise came from an arbitrary stock valuation.
United Press reports WAPI Birmingham amended its license request to allow unlimited broadcasting at 50,000 watts while sharing the 1,140 kilocycle wavelength with KVOO Tulsa. The FCC hearing followed completed hearings for WSM Nashville and WSB Atlanta, with subsequent dockets including KVOO WBT Charlotte and WREC-WOAN Memphis.
Aviation III reports the London to Paris air line, now eleven years old, as a leading, profitable route with high safety for passengers and operators. Aug 25 anniversary noted. line praised as well operated and efficient amid general aviation growth. Separately, navy investigates cockpit gas exposure after Captain Arthur Page’s fatal crash at Chicago air races, linking fumes to his death and to earlier Tokyo Tacoma Pacific flight concerns.
Britain began work on its largest flying boat at the Supermarine works in Southampton. The six Rolls-Royce engines will drive a 140 foot wingspan, 100 foot length craft weighing 33 tons, carrying forty passengers in five cabins with a bar smoking lounge and twenty berths. It will be the second largest flying boat after Germany’s Dornier D O X.
Westbound passengers include M. E. Fulke of Terre Haute and eastbound travelers Mrs Hulda Stroedler of Columbus Ohio Miss Isabelle Mannion of Columbus and E E Richards of Indianapolis Embry-Riddle travelers to Chicago Joseph Carrol and C W Watson both of Chicago C F Cornish Fort Wayne to Indianapolis Challenger Robin and relax
Hogs receipts in Cleveland 1,600 with prices mostly 15 to 25 cents lower for rough sows steady and light weights around 9 to 10 dollars. Cattle receipts 150 with steady to firm tone on low grade cows and heifers around 6.90 to 11. The lamb and sheep trade softer week with bulk around 6.50 to 8.25. East Buffalo sees 800 hogs mostly to shippers steady to 10 cents higher with 180-210 lb weights 10.15 to 10.25, cattle steady with good steers at 11.65 and calves around 14.50 to 15.50. sheep lambs higher to 8.25 to 8.50 with throwouts 6.25 to 6.75.
Police believe the slain man, about 40, may be a gangster. Discovered at a roadside near Denison Ohio on September 30, the victim had ears cut off and his face and hands slashed in a brutal homicide.
New York report shows 1930 gains erased as the Dow Jones industrial average falls to 208.14, near the 1929 low of 1929. The decline since 1929 has grown to 182.48 points from 318.17, with a broad selloff in commodities and warnings of further drops. Despite the depth of the downturn, analysts see a burned out market and a foundation for recovery.
Eight fishermen drifted two hours in open boats six miles off Cape Cod before being picked up by another schooner and brought to Provincetown. Their schooner John R. Ericson of Boston burned to the waterline after a mysterious fire enveloped her at sea.
Marriage license notices show multiple couples with ages and occupations including Virgil C Burton and Helen Epps both in their twenties with clerical jobs, William J Lang a contractor, and Margaret E Fouch, plus Clee D Jones a oss man with Mary F Fitzgerald. Other pairs include Glenn J Derr and Addie L Lewis, Jesse Beaman and Percy Wenerly, Clinton A Fletcher and Opal Shelly, James Flippins and Belle Scatts, detailing addresses and occupations typical of a local notice page.
Ulrich plans an addition at 6540 College. Sam Horwitz seeks addition and alteration at 4057 Broadway for 600 dollars. Mike Qualters to reroof 444 North Bher man Arsbhal dwelling and garage at 5764 uy Aronha welling on rage North Delaware for 8750 dollars. H. H. Passed excavates basement at 2425 27 North Olney for 30 dollars. Pannete Leonard repairs 1838 Holloway.
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