davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
Wall Street Notes
Two Anniversaries
BU Times Special

BIZ Times Special
NEW YORK, March 1.-The cleo
trio page news ticker service of Dow.
Jones & Co, which at its innovation
marked a departure as sensational
as the telephoto process Of 1926, is
this week celebrating its ttirtieth
anniversary. simultaneously the
Dow.Jones bulletin service and the
Wall Street Journal are celebrating
this year their forty-fifth anniver-
sary.
While the newspaper and bulletin
service of the old days in Wall
Street were in themselves an inno-
walton, the coming Of the electric
ticker proved one of the most inn
portant contributions to the speed
which has aided in the advancement
of Wall Street financial operations.
Now, by means of telegraph and
radio, the principal events of the
world, as measured in terms Of eco
nomic influence, are carried into the
confines of Wall Street within
few minutes, or a few seconds. after
the actual happening. Today,
speculative success is measured in
seconds; fifty years ago the measure
was as long an interval as full
day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
CORN OFF,; OATS,
WHEAT ADVANCE
Operators More Friendly
Howard Buying Side.
BU United Press

BIZ United Press
CHICAGO, March with a ma
jority of operators more friendly
toward the buying side of grains, due
to the general belief that the private
reports on farm reserves of grain,
combined with the heavy disappear
ance on farms since harvest, had
furnished the necessary incentive to
get the markets out of the rut, wheat
opened 1sc higher than yesterdays
close on the Chicago Board of Trade
today. Liverpool was higher than
expected, and Buenos Aires opened
higher after being closed for two
day holiday.
The farm reserve report showing
the very poor quality of the new corn
crop for feeding purposes turned
sentiment more bullish than it has
been for some time. Prices opened
unchanged to Il lower than the pre-
vious close. 1t is the impression of
many of the trade, however, that
yesterdays upturn in corn was due
almost entirely to covering by shorts.
This, they said, meant that the tech
nical position of the corn market was
greatly weakened.
oats are showing more independ-
ent strength than of late and the
trade is inclined to expect further
advances. Opening prices were 1sc
higher than Tuesdays close.
Provisions opened unchanged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
BANK RESOURCES
MAKE INCREASE
Currency Comptroller Issues
New Figures.
BIZ United Press

BIZ United Press
WASHINGTON, March RE
sources of the 1912 national banks
m the United States, Hawaii and
Alaska totaled more than $685.
SAG 900 on Dec. 81, 1925, compared
with 5,315, $4,000 in 1878 banks
On June 80, 1926, the controller of
currency announced this week.
Loans and discounts, including re-
discounts, of these banks on Dec. 81,
amounted to $13,573,275,0O0, an in
crease Of $155, 601, 900 over June 80.
Investments in United States Gov
ernment securities totaled $2,2S2,-
571 900, a reduction in one year of
s240, 239 900. Other bonds ad securi-
ties amounted to $3,450, 6O8,OO0, on
Dec. 81. Balances due from report
ing banks and bankers, amounted to
s3,450, $685. 900, a decrease Of $116,94O,-
300 in one year. Cash held in banks
aggregated 1857. 7O9 900, a decrease
since Dec. 81, 1926, of $37 ,407, 900.
Demand deposits aggregated $1O,-
s06,90S, 900, a reduction of about
b437 100000 in twelve months. Time
deposits were $6,553, 442 900, exceed
ing time deposits of one year ago by
s486,072 900.
The percentage of loans and dis
counts to. total deposits Dec. 81,
~, was $500, as compared with
6421 on Dec. 81 1925, the control
ler announced
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
Peppermint OF!

(By Thcms & McKinnonJ
NEW YORK, March Peppermint oil
Natural. S4.10 @4.20: U. S. p. $4.40 q
4.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
'ORKERS. LAMBS CONTINUE UPWARD CLIMB
Strong to Higher Trend in
Cattle Market-VealerS
Drop.

The rise in hog prices at the In
dianapolis Union Stockyards started
the latter part of the week follow
ing a large slump continued today.
Many grades were selling around
is cents higher. although packers
were slow, with some bids about
steady.
Most sales were between $l2 and
$3.50, the higher figure being the
current top price. These compared
favorably with a higher Chicago
market, where trading was at lower
prices than here. The receipts num-
bered 5000 and holdovers so.
Hog Price Range
According to the three-weight
scale quotations were: 160-225
pounds. $12.25Q12.5O; 225-25O
pounds, s12@12.25. and $50 pounds
up, s11.75@12.1O. Pigs wero S12.25
down and packing sows $10.50@11.
The cattle run was estimated {,
900. The market was strong to
i~her, beef steers selling at $S.25
@1O.5O; beef COWS, $5.5O@7.25; low
cutters and cutter cows, $3.75G5,
and bulk stock and feeder steers,
s6.75QS.
Veal Drops
The calf market, with a run of
900, was around so cents lower.
Best vealers brought $3.50 and
other grades sold downward from
that mark.
Fat lambs were scarce. the mar
ket going % to so cents higher. No
choice material was offered in the
400.he;.d lot. The top went 10 $3.50
and other sorts went at $15.25. Bulk
fat lambs were $13.50@15.40 and
bulk Gull lambs. $S@12.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
STEEL DEMAND LARGER
Want Increased Amount of Finished
and Semi-Finished Material.

BIZ Times Special
NEW YORK, March demand
increased last month for both fin
ished and semi-fnished steel as buy
ing has developed in some items 20
check the declining tendency In
prices, the Brookmire Economic
Service, Inc, states in its com.
modify analysis. Structural steel In
particular has been in better de-
mand than is normal at this season
Of the year, due to some extent to
unusually mild weather.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
BY Elmer c. Waller

MANAGER United Press Fnancial service
NEW YORK, March 1.-The stock
market is taking a brief respite
from the heavy trading Of the past
month.
Tuesdays dealings were on
shares, changed hands.
Even a reduction in the call money
rate from the renewal figure of Az
per cent to Az per cent failed to
stimulate action. Commodity markets,
however, provided the feature of the
day, cotton advancing TO the highest
levels since last December. and
wheat advancing substantially.
smaller scale. although 1000, 900
Bonds also gained though trading
was light.
Sharp Rise
Delaware & Hudson convertible,
rose sharply in sympathy with an
advance in the common stock, while
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
NEW FISH HATCHERY

BIZ United Press
EAU CLAIRE, Wis. March O.
The new State hatchery here is in
CT ration with 1000 embryo trout
in the Matching tanks. Within a
short time, it is expected that there
will be 100000 eggs Matching.
The eggs arrived here in tpP ship
ments, 100000 brook trout from
Pennsylvania and 201 900 German
Browns from Wild Rose, Wis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
Commission Row
PRICES TO RETAILERS
ERUITS

AHR'e' asS sPRss sSnAssqS Say
mems. S275: Delicious. $3.50 Extra
fancy barred apples = Jonathaa00s. S5;25;
Red Baldwins. S375; Virginia Winesaps.
York S Kings a $3.50: Rome Beauty. 81. SO;
staymen. sS.75 Rome Beauty, S4;. New
York Baldwin. $3.50@375: Delicious.
$3.50; Basket apples t4o-lb; b2Sgsketsl-
W Fig2 Si.S5: New YORK Baldwins.,
81 so; Grimes. $3.50; New York Kings.
bananas tjobing priee)-41s @5c. Id.
Cranberries-Jersey Howes. half Dbl. 81
Grapefruit-Extra fancy. S4@5: fancy.
California. S4@4,50. -
Oranges-Florida. "a 20 g up Caliior-
MIA navels. extra fancy. $500 @o.5o: fancy.
Strawberries SOC at.
SEA FOODS
Oysters-Gal.. So 4o@2.75.
VEGETABLES
Artichokes--California 81 .25 doZ.
Beans-Florida green. $3.50 hamper.
Brussels Sprouts-Fancy California. zoe
Eabbage-Holland seed. &c h.: new
CaulifIower-Crate. S275.
Celery-FIorida. Al 6-doz. crate. 1925;
S@10-doz. crate. S2.5OQ2.75; Mammoth
lWdSneul, 2l.%0 uO@.. Juhloo AWashOuI'
&c Celery LEI cabIbaage-Box, s225.
Gueumbers@F;H H.o'ttho $27 r. dozen.
GsTlkic@California. 19he ID:
Kale-Virginia Broccoli. 81 50 Dbl.
Lettuce@Iceberg. crt., $3.50: H. g. not
house. S1.65 15-lb. basket: Texas endive.
75c doz. 80
Mangoes-Florida peppers. S. crate. So
peck.
for BIB. basket.
spanish oniGP' crt ssSe Indiana noV white RS g.
Oyster Plant-H. G.. soc dozens
ParsIeyEH. G.. SOC per bunch: south
PeasEMexican telephone. S4.50@5 crate.
Potatoes-Michigan whites. 100 lbs,
$50; Russet Burbanks. 100 lbs, "a; Red
River Ohios. 100 lbs. 1913, Idaho Rus
sets. 100 lbs. $3.50: Idaho bakers. 60-7Os.
81 New Texas triumphs, 81 hamper.
Radishes-Southern long reds. 3O@
35c; dollhouse buttons, 81 20.
Rhubarb-H. G.. 9Qc.
Root egetables-Turnips. bu.. 81 {:
parsnips bu., So: carrots. blu. 81 80; new
Texas, bu., So; Louisiana carrots. Csc .doz. !:
Canadian rutabagas So cwt.; IL. G. beets.
bu, 81 80: Texas beets. S2.25 bu.: Loulana
'es sShsalHioSts@Louisiana. e5 75c dozen.
Spinach-Texas, 81 80.
Sweet potatoes-Indiana Jersey. $2.25
bu.; Nancy Halls. 81 So; Indiana mediums.
Tomatoes-Six-baslSet CRIT, $3.50 $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
STOCK MARKET TAKES
RESPITE FROM TRADING
Dealing on Smaller Scale Than During Recent Heavy
BuSneSs-Strong Points Cited

Polish. French and Italian issues
featured the foreign group. Foreign
exchange was quiet and steady.
A year ago the market was on
the edge of the abyss into which it
fell on the following two days.
March 3, 1926, recordig the heaviest
days trading ever witnessed on the
stock exchange, with the tickers
running some forty-four minutes
after the close to catch up with the
market. 1t was pointed out in the
Street today that the present mar
get had many strong points which
would prevent recurrence of such a
decline. Brokers loans are around
$4OO 900 600 under last year, money
conditions are easier and gold is
coming into the country, further
helping the credit situation.
Market SpOtty
There were a few strong spots In
Tuesdays market and some very
very weak ones. In the latter class
Houston Oil and Loose-Wiles suf-
fered the most severe losses, 10
points each. Wabash declined
points, C. & c., q; Baldwin Locomo-
tive. 4: International Combustion,
q: United States Steel, z, and Gen
eral Motors. q.
Colorado Fuel and Iron stood out
i'm the industrial section, rising
sharply and closing the day with
gain of 81 points. National Lead
continued to gain while American
Ice, American Smelling and Radio
Corporation rose in good demand.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
Produce Markets

Butter wholesale price Creamery best
grade, a pound. 52@ 55c.
Butterfat - Local dealers pay 81 a
Eggs-strictly. fresh delivered at In
dianapolis. 17@19c.
Poultry (buying pricesl Hens. large
breed, 22@ 24c; Leghorn. 19M zoe: roost-
ers and Leghorn stays. IA q 15c; shaggy
young springs, 15@1Sc; soft meated
springs, loo zoe; Leghorn springs. .15c:
ducks. II a zoe; geese. IL q 12c: turkeys,
young toms, 80 a 32c; hens, 80 a 33c; old
toms, Csc: guineas, Doc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
NJ APPREHENSION
OVER REACTION IN
AT TERNOON TRADE
Setback Accepted as Due in
Wake of Recent
Gains.

BIZ United Press
NEW YORK, March 2.-Construc-
tive interests were not apprehensive
regarding the reaction in Tuesdays
late trading, feeling that a setback
was in order in view of the sweep
ing character of recent gains and
$43,000,000 increase in brokerage
loans shown in the latest report of
the Federal Reserve Board.
Further corrective processes were
undertaken in early dealings and adj
ditional recession occurred among
speculative leaders. General Motors
declined to new low on the move
ment at 166 off 21s from the pre-
vious close. Steel common to 159
off q and Baldwin to 1913 off 2.
Noon Recovery
Shorts took to their heels in the
late morning when rallying tenden-
cies became more aggressive and de-
RAnd from this source gave impetus
1.-THE recovery in the general list
around noon.
Pere Marquette was a feature of
outstanding strength in the rail
group, running up SIS to 1858.
This squirt derived impulse from the
belief that an extra dividend Of
50 would be authorized at today's
meeting in addition to the regular
$3.50 payment. Moreover, the direc-
tors are expected to seek permits
sion from the Interstate Commerce
Commission to declare 25 per cent
stock dividend.
Changes Probable
Recent strength in American ice
has been based on belief that direc-
tors will consider a split-up in COM
mon stock, probably on a basis of
four to one of the present 100000
shares. 1t also is probable that the
rate of dividends on the new stock
will aggregate more than that paid
on the present stock, which is So.
There are 10000 shares Of preferred
stock, which have the same voting
power as the common. The late
President Wesley Oler was general
ly regarded as the largest preferred
stock holder.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
Other Livestock
BIZ Times Special

BIZ Times Special
LOUISVILLE. March 2.-Hogs - Re-
ceipts, 500: market Toe higher: tops,
Sl3IO. Cattle-Receipts, 100: market
steady. Calves-Receipts, 200: market
steady; good TO choice, SIC G14 medium
to good. S9.501 ] ] so: outs 50 80 down.
Sheep-Receipts. so: market steady: top
lambs. -S11 @12; seconds. S7.5oG9; sheep.
S56I5.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-03-02
Local Wagon Wheat

LOCAL grain elevators are paying. 1928
for No. red wheat. Other grades are
purchased ON their merita.
Evening star., 1927-09-27

mand light, market dull; Colorado,
standard crates 12s, 1.50: SIS and 9s
LIS.
Celery--Supplies moderate; demand
moderate. market steady; New York.
two-;hird crates, zoo.
Lettuce-Supplies moderate: demand
good, market firm: New York. 2-dozen
crates big Boston type, mostly around
100; Colorado, crates iceberg type, As
dozen fine quality and condition, 3.75,
fair to good quality and condition.
300a3.50; California, crates iceberg
type. 4.5-dozen. 300a3.50.
Onions-Supplies light: demand fair,
market steady; Indiana and Ohio, 100
pound sacks yellow, U. S. No. /, LISA
200.
Peaches--Supplies liberal: demand
good market steady New Jersey
hushei-basket Elbertas, some ripe. ZOO
a2.50: white freestones mostly $50;
fair quality and condition, 2.O0a2 rs;
small size. 1.25a1.50
Pear Market Steady.
Pears-Supplies moderate: demand
moderate, market steady: New York
hushel baskets Seckels, No. |, 3.25:
California and Oregon boxed BartIetts,
large size, 3.50a3.65, few very large
size higher.
Potatoes-Supplies moderate: de-
mand fair, market about steady; Penn
sylvania and Minnesota, 150-pound
sacks round whites, u. S. No. l. 325
a34o: Michigan, $50 pound sacks Rus.
set Rurals, L. s. No. l. 3.50a3.65.
Sweet potatoes-Supplies moderate;
demand good. market steady; Mary
land, Anne Arundel County. cloth top
barrels, yellows, No. /, 800.
Grapes-Supplies of Eastern stock
moderate: demand moderate. market
steady: Delaware. 12-quart climax bas-
kets, Concords, 50a60, few high as 65.
New York, 2-quart climax baskets.
Concords and Niagaras, 1Sa20, sup
plies Of Western stock liberal; demand
moderate, market about steady; Cali
fornia, crates, Flame Tokays. and
lugs, Flame Tokays. 1.75a190, few
best 200; crates. Malagas. and lugs.
Malagas, 1,35a1,50, few fancy high as
175.
Tomatoes-Supplies moderate: de.
mand better, market slightly stronger:
one.half- hushel hampers,
various varieties, 40a50.
aulifiower-Supplies moderate: de.
mand fair. market about steady; New
York. crates. mostly $50.
ucumbers-Supplies very light; no
early sales reported.
Evening star., 1927-09-27

produce any great sensation In tex.
tile circles. 1t Is regarded as better
than the first offer. made by Curtis
q Sanger, which was 500 a share, pIus
whatever the quick assets of the ccm
pany would bring under liquidation.
1t is said neither offer Is much better
than the amount for which the stock
holders could liquidate the company
themselves. Stockholders will vote in
October on the general proposal for
liquidating the company.
The AmoSkeag Co. has splendid
water power resources at Manchester,
n. H., and the insults already have
nm interest In the Manchester Trac-
ton, Light e Power Co. They have
lust acquired big power resources on
the kenncbec River in Maine through
purchase OF the Edwards Manufac.
turing Co. another textile concern.
Other Industries Prospering.
Other industries in New England
are nrospering. The prosperity OF
the territory, as shown by savings
bank deposits and volume or retail
trade, is great. 1t may be possible
that this reduction In textile activity
will he fully compensated for by ad-
dition of new industries under the
spur of cheap and reliable power.
The legislation prohibiting the export
into the United States of power gem
Grated In Canada may have had q
bearing on the determination OF
American interests to develop addi-
tional power sources.
Since some OF the New England tex.
tile mill shares are selling under the
liquidating value of quick assets, it
Is not surprising that outside inter
ests should see in their water power
a source of profit. 1t is pointed out
that some of the New Bedford mills.
at present prices. are selling for moth
ing so far as plant machinery, real
estate, and power sites are concerned
One such company is valued in the
open market at about $1,2O0,000. yet 1t
has net quick assets of $1,3S3, ,524.
Other instances could be cited where
at the current prices for the stock
plants are selling for nothing or at
discount.
Evening star., 1927-09-27
TEXTILE SALES HEAVY.

NEW YORK, September 27 R.-
Despite 100 per cent increase in the
price of raw cotton, sales of cotton
textiles continue In greater volume
than last year, the New York Trust
Co. reports. Production of cotton tex
tiles for the first seven months this
year was 1.716, 100000 yards. against
1906 GOO. 900 yards in 1926. Sales were
1919 900 900. against 1,4S4 200, 900, and
shipments 1,7S6, 900, 900, against 1,4SS,-
10000 yards. Stocks on hand Au.
gust 81 were 201, 1,217, 900 yards, less
than half the untitled orders on that
date
Evening star., 1927-09-27
POWER FIRMS TURN
TO NEW ENGLAND
Amoskeag Offers Believed to
Mean Dawn of New Indus
trial Era There.

Special Dispatch to The Star.


NEW YORK, September 27.--The
new movement which is marked ny
the offers just made for the assets oil
the Amoskeag Co, one of the largest
textile concerns in the country. may
mean the dawn of a new and bright
industrial day in New England. Ihat
was the opinion expressed by teXuIe
and power men here today. 1t Is un.
derstood that if one or the other or
the offers received for this great prop
erty is accepted. the plant and power
site will be diverted to other uses
than textile manufacture.
The textile industry has been in a
deep depression for some years. This
has been especially noticeable in New
England. Profits have not been main
tanned at anything like former levels
Public demand has changed and com
petition from the South, where cheap
power and satisfied labor are avail
able, has been of the keenest charac-
ter.
Capacity Too Great.
Various causes have been assigned
for the failure of the New England
textile mills to recover their lost
ground. A part Of the blame is placed
at the door of antiquated machinery
and failure to follow modern trends
OF style. Inefficient management has
had some of the fault laid at its door.
But the main reason outlined by eff
cheney engineers is the fact that mill
capacity, built for wartime needs, is
far too great for peace-time consump-
tive demand. Consequently a cutting
down Of this capacity, such as would
take place through the closing of the
Amoskeag plants, would tend to re-
lieve the situation.
Just who is back of the two offers
for the Amoskeag plant still remains
a mystery. although the experts usu-
ally regarded as wise" to the utility
seem convinced that the
insult interests of Chicago and other
public utility magnates are somehow
connected with them.
The latest bid of e. c. Darlington,
who offered 800 a share for the Amos
keag stock, after redeeming the pre-
ferred, and postponed a division of
any remaining assets between his syn
dicate and the stockholders. did not
Evening star., 1927-09-27
STATE CROPS SMALLER.
Only Hay, Oats and Potatoes to
Top 1925 Mark in Maryland

BALTIMORE. September 81 (spe-
ciaD,-The Statewide crop. average
production will be somewhat smaller
than last year, according to report
compiled by John S. Dennee. Federal
agricultural statistician for Maryland.
According to Mr.. Dennee's figures,
the hay, oats and potato crops will be
considerably above the average pro
duction, but the remainder of the
crops are below the average for last
year and the general average for the
past 10 years.
The corn crop. which has held an
average of % 900 bushels for the
past five years. will probably be 49,
100000 bushels this year.
The Crane crop will average q loss
Of at least 200 tons from last year,
his figures declare; peaches. 400 900
bushels less than last year; pears, less
than one-half the number of bushels
harvested last year. and apples, a mil.
lion and half bushels less than the
figures for 1926.
Czechoslovakia now has 14,0O0, 900
nODIlla fiuu -
Evening star., 1927-09-27

NEW YORK, September 27 LP.--
Net profit of Kerr Lake Mines. Ltd.
for the year ended August 81, moved
up to, $142 1882, equal to 23 cents
share. from $3.50 or cents share
the year before. Kerr Lake Mining
Co, Ltd, had net loss of $24,1 for
the year against net loss of $35,37G
the previous II months.
Evening star., 1927-09-27

NEW YORK, September 27 R.-
Total operating revenue of the Chicago
& Northwestern Railway Co, for the
month of August was $14.631, ,S4S, as
compared with s14,265,271 for the
same month last year. Total operat-
ing expenses were st0,Ss0,406, while
those of August last year were $10.l
5O7,315.