Indianapolis Times, Volume 36, Number 204, Indianapolis, Marion County, 3 January 1925 — Page 11

SATTnX JAN. 3, 1925

STOCKKVERAGES HIE NEW LEVELS * IN WEEKS TRADE Violent Uprusß Marks Short Session —Market Closes Higher, ■ ■ Average Stock Prices Arerare price of twenty industrial stocks Friday was 121.25. up .'ll. Arer- ' are price of twenty rails was 99.22, up 89. Average price of forty bonds was 90.60, dp .01. Bv United Pres* NEW YORK, Jan. 3.—With the av eragr% price of industrial stocks at unprecedented levels, with the ratio of the Federal Reserve Bank of New York at 74.6 per cent, against 71.1 per cent last week, and with mercantile agencies reporting conditions at the start of the year as favorable for continuation of business expansion, the whole market Was buoyant in the early dealings. American Can was the outstanding feature of principal industrials, gaining a full point to new high ground on the move at 162%. American Bosch Magneto kept up its mm axing advance reaching 61 for an Pf.vernight gain of 2% points and a rise of eighteen points from yesterday’s low. Uprush Unprecedented Stocks broke away from all restraint in SR brief session which closed the week, rushing ahead in a manner with few precedents in Wall Street history. Steel common led the outburst, once it had overcome its resistance encountered at 121. Speculation for the rise resulted ir.a number of groups, notably in the radio issues and electrical shares Sensational advances took p!a "e In American Telephone, Westinghouse, Manhattan Electric Supply, Electric Storage Battery, American Bosch Magneto and United Fruit, which has large holdings of Radio Corporation shares. Motors Active Motors also were in urgent demand and railroad issues gave indications of readiness to resume their aggressive uprush. The tape was 42 minutes behind the New York stock market today, a record for late closing, due to feverish bull activity. The market closed higher. Local Bank Clearings Bank clearing's Saturday were $5,618,000. For the week. $18,999,000. Bank' debits amounted to $13,209,000. For lbs week, $40,719,000. 9 Foreign Exchange J*an 3.—Foreigft''exchange closed firm. Sterling, $4.75%. up %e. Francs. 5.42 e. off .oO%e. Lire, 4.23 %c, up .oiV4c. Belgium. 4.99 %c. Marks. 23.80 c. Holland. 40.51 e. nb .02c. - Shanghai., 75c. Yokohama. 38.62 c. /. Shippers’ Forecast Mostly cloudy tonight followed by fair Sunday, North and west, 26 tp 35; south and east, 28 to 38. Produce Markets Strictly fresh, new-laid No. 1 eggs loos off. 52c; fowls. 4% lba. up. 18c: fowls under 4% lbs. 18c: cocks. 12c: springers 18e: Leghorn poultry 25 per cent discount; young tom turkeys, 12 lbs up. 85c: old tom turkeys. 27c: young ben iunteys. 36c: ducks. 4 pounds up. 16c: 10 pounds up, 14c: squabs. 11 to dozen, $3.70; young guineas. 2sise, $7 dozen : butter fat delivered iDolis. 43c: packing stock butter Ed Indianapolis! 19® 22c lb. Rab--3 dozen drawn. * Wholesale Meat Prices Wholesale meat prices announced today by local packers Includes the following oaa&ges: Native steer carcasses. 100 to 800 pounds, %c lower: cows, 600 to 700 pounds, lo higher: spring lambs, lc higher; bam. 10 to 12-pound avera*. %c higher; 14 to, 16 pounds.. %c Higher: bacon, 8 to 4 pounds, lcllower, 6 to 7 pounds, lc lower; bologna, lc lower. Flesh Meats Beef—Native steers, carcasses. 600 to 800 pounds, 18% @2oc; steers fores, under carcass, 4c; binds over, 6c: native heifers, 300 to 460 pounds, 17 % @ 20c; heifer hinds, 2c over carcass: fores, under. lo; cows. 400 to 700. 10@li%c: cows, fores same as carcass; hinds, over Mutioow-Sheep, 11c: spring lamb. rresn No. 1. 70 to 200 pounds. 21 @ 24c: hind quarters. 9c over carcasses; fore*. 6c under carcasses. Smoked Meats and Lard Hams—Sugar cured first quality. 8 to 10 pounds. 25e: 10 to 12 pounds. 24c: 14 to 16 pounds. 23Ac. Fancy Breakfast Bacon—Three to 4 pound average, 31c: 5 to 7 pound-aver-age. 81c. Sausages Frankfurters. 16 @ 17c: bologna .10% ft 16He. Dried Beet—Outside, 26c: inside. 37He; knuckles, 25c. Lard—Tierces first quality. 19He; second quality, 18% @ 19c. New York Curb Market i' ’ *' -—Closing—Standard Oil. Kansas 37% 38 Standard Oil. Indiana 1 62 % 6£% Standard Oil! N W !! I!)! I! 247 * 250 Standard Oil. N. Y '.... 44% 45 Standard Oil. Ohio 350 -354 Imp Oil 121 H 122 Ind. Pipe Line 76 77 Int Pete \ ~ . 24 % 24 % Ohio Oil 60% 66 H Prairie Oil and Gas 219 220 Prairie Pipe 106 H 107 etui. Mss. Oil 36 H 37% Vacuum ......: 82 % 82 % Citiee Service 176 H 176 % Cities Service Did 80% 80% Gler.rock Oil . 16 25 Gulf OR 66 H 67 New Mex and 6% 0% Creek 2j£% 24 H Gmlyev' ’ llllllllllll'. 26 % 25% Radio Corp 14% 15% Stuti 9% 9% Ford. Canada .....' 500 1000 Bordens 134% 135 DubUier Radio 66% 67% Royal Canadian 7% 8 ii. Auto Skids—Two Hurt Hu United °ress CARLINVILLE, 111., Jan. 3. Newman and Paul Connelly, sons of E. P. Connelly, Chicago,* are rewgjvering today from severe injuries HBoelved when their * auto skidded Worn a bridge near here Friday. Their parents escaped" Injury. Mr. Connelly Is chief auditor for Rocke-feller-MeConjilck Harvester Company, Clvicago. _ Bank Call Issued Bu United Press ♦ WASHINGTON. Jan. 3,-The controller of the currency issued a call today for the condition of all ness on Dec. 31.

HOW THL HOC MARKET lEHAYED IR 1924 - Jf WtEKIY TRfwß Os HOP fBICH 48 P BECHETS l Tgtil. wtoko ML Hi JS4L ML I®[ . *U D OCT wov nc_ H Jl ?J0 I . _J£SWM_ slo.ls L jjj OOW> 'o o A i Si U -JjaMgSL -LLii--. Jl i .jaasL. _ILS? uA i_ JL __ I 11*1 I jl U esL noo __Vj It f|\ I warn yi BECEtPrS TT ;|V —1 iid jAAn a s . ..1 jy.i jLi Li 1.../. 1 .jgoggp- . | A f ■-ict’svTi—^ -J— HiA1715 j j ECf PT3 400POC H. 71 I I I. I J 300000

Hogs have played a leading role in an unusual livestock market during 1924. The present cyfcle of production is just emerging from the stage marketings and low prices and is headed toward a period of underproduction and high prices, according to the Sears-Roebuck Agricultural Foundation Twenty per cent fewer pigs were raised during 1924 than in 1923. This comparison, however, must be based upon the memory that the number of pigs raised In 1922 1923 was the largest on record, approximately 20 per cent over the normal as measured by the average volume of production in other years. The result for the past year -•.nd a half has been excessive receipts and poor prices for the farmer, while the consumer revelled in cheap prices for pork. By July, 1924, receipts at the leading

New York Stocks (By Thomson & McKinnon) —Jan 3 Railroad* Prev. Hig-h. Low. Close. close. Atchison ..119% 118% 118% 119,, B. 4 O 81 80% 80% 80% Can Pac...iai ... 151 151 % C. * O. ..96 90% 95% 96% C. ft N. JV. 71% ... 71% 71% D ft Lack 143% 143% 143% 143% Erei 32 % 32 % 32 % 32 % Erie Ist pf’. 46% 46% 46 46% Gt Nor pfa 71 70% 70% 70% Lehigh Val 79% 78% 78% 78% MoPac pfd 74% 74 74% 74% N Y Cen . .120% 118% 120% 118% N Y NH&H 31 % 31 31 31 % Nor Pac.. 70% 69% 69% 69% Nor ft W. 131% 180% 130% 131% Pennsylvan. 48 % 48 % 48 % 48 % Reading . . 77 ... 76 % 75 % So Railway 80% 70% 80 79 So. Pacific 103% 102% 103% 102% St Paul pfd 26 % 25 % 26 % 26 % St LftSF 62 % 62 % 62 % 62 Union Pac 160% 149% 149% 149% Wabash pfd 68% 58% 58% 58% Rubber*— Fisk Rub.. 13% 13% 13% ... Goodrich R. 38 ... 38 39 % Kelly-Spg. l . 17% 17 17% 17 U S Rub.. 42% 41% 42% 41% Equipments— Am Loco. fbs% 108 108% 108% Bald Loco 133% 132 133 131% Gen Elec. 320 313 318 316 Pullman ..151% 149 149 150 West Elec. 84 77 81% 75% Steels —■ Bethlehem. 52% 51% 62% 51% Colo Fuel . 44 43 % 44 43 Crucible . . 78 76 % 77 % 76 % Gulf States. 90% 88 89% 87% Rep Ift 8 . 64% 62%. 64% 62% 81oss-Shef .86 84 86 U S Steel .123% 120% 122% 120% Vanadium .31% 31 31 Motors— Am Bosch.. 64 49 4£ 48% Chan Mot . 36% ... 36% 36% Gen Mot .66% Max Mot A 81% 81 81 81 Max Mot B. 35% 35% 36 *3O Studebak . 46% 45% 40% 45% Strombrj: . 79% 78% 78% 76% Stew-War . 77% 76% 76% 75% Timken ... 40% 39% 40% 39% Wfl-Over . 10% 10% 10% 10% Mining*— V Dome Mine 13% 13% 13% ... In Nickel ..27% 27 37 27% T G ft S .106% 100 106 100% topper*— Am Smelt .* 99% 99% 99% 09% Anaconda . 47% 47% 47% 47% Inspiration 32 % 31 % 32 % .. . Kennecott . 66% 6e% 66% 56 ©Unreal Petrol. 26% 25 26% 24% Cosden ... 28% 27% 28 27% Houston 01182% 81% 81% 81 Mar Oil .. 39% 58% 39% 38% P-A Pete . 67% 06% 67 66% P-A P B . . 87.% 66 % 66 % 00 % Pac, Oil 56 65 % 55% 55% Phil Pete .38% 37% 38% ... Pro ft Ref. 39% 29% 29% ... Pure Oil .. 30% 30% 30% 30% Roy Dutch. 54% 54% 54% —54% St OU, Cal. 63% 63% 83% 63% St Oil NJ. 42 41% 41 % 41% Sinclair ... 17% 17% 17% 17% Texas Cos . 48% ... 43% 43% Ind ns trials— Al Chem . 84% ... 84% 84% Allis-Chalm. 75 73% 74% 73 Amer Can 108% 102% 108% 161% Amer Ice.. 91 % 91 01 % ; 03,i If 2 SS Clue® ft P. 66 64 64 % ... Cont Can.. 70% 69% 09% 60% Fam Play 99% 98% 98% 98 % G Asphalt 63% 02% 62% 62% Int Paper.. 68% 56% 67% 67% Int Harv 109% 108% 109% 107% M. Stores 111 110% 111 ... Mont ft W. 49 48% 48% 48% Owen Bot. 50% 49% 60% 40% Radio 77% 68 V 4 71% 77% Stars-Roe. 153% 161% 152% 163% U8C1P..170 167% 168 167 U 8 In AL. 87 86 % 86% 86% Uttlßie*-^. Am Tft T 135% 133% 135% 132% Con Ga* 77% 77% 77% 77 Columbia G4B 47% 48 47% W. Union 117% 110% 117% .7. Shipping— Am Int Cor 34 . 34 34% Atlantic G. 23% 25 22 ... In M M pfd 44% ... 44% 45% Food*— / a# a# as as C-Am Sugar 30% 29% 30% 29% Punta Ale. 40 ... 40 39% Aru^Tob 0 ? 87% 36% 86 % 86 % Chicago Stocks (By Thomson & McKinnon) —Jan* 3 Arm. pfd.. 87%™' 87%’ < BB* e Con Motors 8% 8% 8% 8% C Edison.. 138% 130% 126% 136 L McN new 8 % 0 8 % g Mont Ward 48% 49 48% 48% Piek ,22% 28 23% 22% Real Silk.. 61 61% 60% .61 Swift A-Co 110% 110% 110% 116% Swift Int) 32% 32% 32% 32% Stewart W. 76 77% 75% 76% Union Car.. 66% 69 66 % 68% Wahl .... 18% 19 18% 19 Wrigley . . 46 % 47 46 47 Yellow TANARUS., 54% 56% 54% 54% New York Cotton Futures . sPs}* High. Low. Close. January ... 23., 1 23 So 23.50 23.85 March 24.02 24.14 23.73 24.14 May 24.32 24.40 24.10 24.40 July 24.42 24.57 24.25 24.57 October ... 23.75 23.93 23.|7 33.90 December .. 23.70 23.78 23.50 23.47 Sentenced on Liquor Charge Special Judge John W. tloltzman in Criminal Court today fined Walter Gross, 1264 W. Twenty-Sixth St., S2OO and sentenced him tij> sixty d*ys on the Indiana State Farm on a charge of operating a liquor nuisance. Gross appealed from city court, where he was fined SBOO and f ™ ato * tir

markets had been normalized by a reduction of 20 per cent while the total slaughter for the year was around 76,000,000 head of hogs. This is a reduction of 5,500,000 under 1923, while the year 1925 probably will record a still more drastic reduction to about 62,000,000 head for the slaughter. The domestic demand for hog products has been strong, however, and prices have stood up well through the recent months, averaging from $2 to $2.50 higher than Last winter. From the fall of 1923 to the late summer of 1924, while •the 1923 pig crop was going to market, the average price for hogs Chicago was $7.65. In view of the prospects for a greatly reduced pig crop in 1926, an average of around sll for hogs at Chicago Is well within the bounds of reason for marketing from the fall of 1925 to September, 1926.

WHEAT FINISHES WITH GOOD GAINS Coarse Grains Undergo Sharp Setbacks. Bu United Pres* CHICAGO, Jan. B.—Divided action featured the short session in grains on the Chicago Board of Trade today. Wheat finished with substantial gains while coarse grains sagged sharply. The bulge in wheat came after a weak opening, and was in response to reports of export sales. Corn was off on selling, due to lack of demand and liberal offerings. Oats finished in lower territory with corn. Lower hogs and heavy realizing weakened the provisions list. Chicago Grain Table WHEAT — Open. High. Low. Close. May 1.76% 1.78% 1.76 1.77% July 1.51% 1.54% 1.61% 1.63% . .1,28% L2ft% 1.27% 127% July 1.28% 1.30% 1.28% >.28% M& ATS T... .02% .63% .63 , .62% JuTy 01% . .62% .60% .61 Jan ARD TT. 16.57 18.57 16.30 10.30 RIBS— Jan Nominal ...' 15.17 RYE—May 1.52%-1.54% 1.52% 1.63% July .1.34 1.35% L 33% 1A4% Max Mot B 36% 35% 30 30 CHICAGO Jan JL—Carlot receipt* were: Wheat, 39: corn, 457; oat*. 171; rye .24. CHICAGO. Jan. 3. —Primary receipt*— Wheat. 476.000, against 328.000- corn. 1,164.000. against 079.000: oate. 833,000. against 318.000. Shipments: Wh??L 768,000, against 390.000- com. 396.000. against 564.000; oats. 343.000. against 457.000. Cash Grain Saturday receipts. 109 cars. Prices guoted 41 %c f. o. b. basis to New York. ay on track. Indianapolis bids for grain at the Indianapolis Board of Trade were: Wheat —Firm; No. 2 red, $1.84® 1.87; No. 2 hard. $1.70® 1 73. Cosm —Easier: No. 3 white. SI. 16® 1.18: No. 4 white? j1.13iai.16: No. 3 yellow. *[email protected]; No. 4 yellow. $1.14® 1.16: No. 3 mixed, 81.1501.17: No. 4 mixed. 91.1301.16. Oats—-Easier: No. 2 whUe, 56® 57c: No. 3 white, 65® 56c. Hay—Steady: No. 1 timothy. sl6 @18.50; No. 1 light clover mixed. $15.60@10: No. 1 clover mixed. |ls@ 16.60; No. 1 clover hay. $14.50® —lnspections Wheat—No. 2 hard. 2 cars: sample, 2 ears: total. 4 ears Corn—No. 3 white. 1 car: No. 4 white. 6 cars: No. 6 white. 12 cars; No. 6 white. 1 car: sample white. 1 oar: No. 4 yellow. 15 car*: No. 6 yellow. 26 ears; No. 6 yellow. 6 cars; sample yellow. 4 cars: No. 4 mixed, 5 cars; No. 6 mixed. 7 cars: No. 6 mixed. 1 car; sample mixed. 1 car; car. 1 car; total. 87 cwrs. Oats—No. 3 white 0 cars; No. 4 white. 4 cars: sample white. 4 cars: total. 17 cars Hay—No. 1 timothy. 1 car; total. 1 car - CHICAGO. Jan. 3.—Wheat—No. 3 hard. $1.76. Com—No. 3 yellow. 81.21 % @li4r No. 4. [email protected]; No. 5, $1.13 @1.18; No. 6. $l,lOO 1.15: No. 4mixai, f1.17ai.20; No. 5. $1.1301.16: No. 6. sl.lo® 1.14%: fco. 3 white. $1.21%® 1.23; No. 4. [email protected]: No. 0, sl.lo® 1.16. Date—No. 3 white. 67%@58%c; No. 4, 65%c. Barley—92@o6c. Ry<v— None. Timothy—[email protected]. Clover — $25.75 @33. TOLEDO. Jan. 3.—Wheat—Cash. $1.90 @1.91. Com—Cash. No. 2. [email protected]. Oats—Cash. 64® 66c. Ryo—Cash. $1.42. Barley—Cash. sl. Clover seed—Cash, old. $10.60: new. $19.75; January, $19.75: February and March. $19.90.- Alsiko— Cash. old. $13.10: new and January, $13.25: "March. $18.50. Timothy—Cash, $3,35:.. January. $3.35; March, $3.45. Butter —47® 48c. Eggs—s3® 55c. Hay—s2s. ' Board of Trade Weekly Report —Output of Flour — f Barrels. January 3. 1935 10.548 December 27, 1924. . 9.825 January 6. 1024 7.877 Jwmary 6. 1923 •i• • • 9.966 —lnspections for Week——Bushels— In. Out. Wheal 23.000 33.000 Com/ 450.000 160.000 Oats ✓. 128,000 34,000 Rye /. • •.. Hay—3 cars/ —Stock in Store — Date Wheat. Com. Oats. Rye. l-3-’25 679,800 603.900 410.300 72.800 1-5- 24 637.100 235.000 292,000 4.900 1-6-’23 241.740 364,000 426.000 1.600 Tank Wagon Prices (Gasoline prices do not include State tax of 2c gaflon.i GASOLINE —Energee. 47e a gallon; Purol, 13.2 c: Red Crown. 13c: Target. 13.2 c; Silver Flash. 17c: Standard jviatlou. 21.2 c; Sinclair commercial 13.8 c KEROSENE—Crystaline. 11.7 c: Moore Light. 14 sc: Perfection. 11.7 c: Standard furnace oil. 10.6 c (under 200 gallons). 9.0 c (more than 200 gallons): bright Light. 11.7 c: Sinclair 12.7 c. NAPTHA—Energee Cleaners. 18.5 c: V. M. ft P. 18.5 c: Standollno Cleaners. 18 - 6c ' M* CHICAGO COTTON FUTURES January , 3 -* • - |||* ||‘|| jaiy .............

THE INDIANAPOLIS TIMES

HOGS STEADY TO 10 CENTS HIGHER Top, $10.90 Veal Values Off Half Dollar. —Hor Prices Day by Day— EBulk. Top. Receipts. 10.a5@ 11.00 11.00 9,000 10.85® 11.00 31.00 20.000 10.60 @IO.BO iI.OO 16,000 . 1. [email protected] 11.00 8.483 2. 10.60 if 10.70 10.00 14.542 3. 10.60® 10.70 10.90 11.000 Hog prices finished the week practically steady with Friday’s level, although several sales of medium weight porkers sold about 10c higher at slo.7o<g>lo.Bo. Heavy hogs were unchanged at [email protected]. Top was $10.90 and the bulk of transactions was at $10.50(0)10.70. Lightweight stock brought [email protected] and light lights sold at [email protected]. Pigs were steady at $lO down and sows were up slightly higher at $9.76@10 for good smooths and [email protected] (or roughs. Receipts were estimated "at 11,000. Hold-over was 1,845. A fairly, good clearance was made. Losses for the week have been slight. Top was 10c lower than the start and the bulk of sales declined 30@86c. The market has had a good tone, with buying power being upheld. Total receipts were estimated at 79,000. Cattle values rested at Friday’s level. Receipts numbered about 200 and the usual Saturday trade prevailed. Closing prices Included, yearling steers at $10.25; fat, light heifers, ,$8.60@10; butcher heifers, s6@ 8; commop heifers, $4.50@5; $4.75@ 6 for good to choice cows; medium to fair cows, [email protected]; cutters, [email protected], and canners, $2.40 down. Medium to fair handyweight steers sold at [email protected] and common killers, s6@7. Prices on all killing grades have been well maintained and a slight change in tone toward the end of the week wag In favor of the selling side. Veals dropped 50c to sls top. Bulk of good stuff was cleared at sl4@ 14.60. Mediums sold a£ s9@lo and commons, ss@B. Receipts were 400. Prices for the week have been on the decline and the market at no time has possessed an extra good tone, due t<a fluctuating demand. Less lambs were offered. Prices were nominal. Trade for the week has been exceptionally light, due to scanty supplies, but enough were sold to Indicate prices were declining. Top was $15.50, compared with $17.50 last week. Sheep sold stronger at $8 down. —Ho**— Good hors. 140-160-lb. v..510.00@ 10.26 160 to 180 pounds 10.25 nlo.sQ| 180 to 200 pounds 10.50® 10.6<T 200 to 225 pounds 10.60® 10.70 226 to 76 pounds [email protected] 275 pounds up 10.80® 10.90 Firs. 140 poiuids down ... 6.00® 10.00 I-oavy light sows 9.00@ 10.00 Light sows 9.25® 9.50 —Cattle— Steers, 1.300 lbs. up. cholce.s 9.75 @10.50 Good 9.00® 0.50 Steers. 1.000 to 1.200 lbs., prime and rholoe ....mm 10.50® 11.90 Plain. 1.000 lbs 7.50® 9.00 Medium to good heifers ... 4.80® 7.00 Choice light heifers 8.60® 10.00 Common to medium cows.. 3.26® 4.50 Choice 5.00® 5.50 Canners 2.00® 2.25 Cutters 2.60 @ 3.00 Butcher bulls 4,25® 6.00 Bologna bulls 3.60® 4.25 —Calves— Choice weals $15.00 Medium veals 8.00 @IO.OO Good veals 14.00® 14.<>0 Common calves * 5.00® 8.00 —Sheep and Lamb*— Choice lambs .$15.00 @15.60 Mediums 13.00® 14.00 Cull lambs . B.oo® 9.00 Yearlings 7.00® 9.00 Medium to choice ewes.... 4.00® 7.00 Culls I.oo® 3.00 ENGLISH TO BE GENERAL Scientists Say Language Is .Developing Into World Tongue. By Time* Special BERLIN, Jan. 3.—Providing present development continues, more than one-quarter of the population of the world will speak English in the year 2000, say German scientists, who have made study of the subject. At present, English is spoken by approximately 170,000,000 people, making it rank second after Chinese, spoken by about 420,000,000. Third is Russian. But the authorities say that none of these languages has a chance of keeping English from becoming the world's language, because of difficulty in learning. ISLANDERS FORM CLUB Chicago Boasts 300 Immigrants From Northern Country. CHICAGO, Jan. S.—Just by way of demonstrating that it’s cosmopolitan, Chicago is proudly pointing to the fact that 300 Icelanders, resident of Chicago, have banded themselves together into The Icelanders’ Club here. Members say there’s nothing odd .in coming from Iceland, and that Icelandic emigration to both the United States and Canada is increasing rapidly. PATTERN THEFT CHARGED \ 7 * w Arrest Made in SI,OOO Loss of Casting Company. v Theft of a SI,OOO patern from the Inldanapolis Casting Company, 131 S. Harding St.. Thursday was charged to Arthur Parker, 28, of 1330 W. Market St., arrested today on a grand\ larceny charge. His brother, George Parker, 24, same address, wag charged with receiving stolen goods. Detectives said a junk dealer identified George Parker as the man who sold him the easting pattern. Indiana’s Way Sought Le Roy A. King of the University of Pennsylvania has requested detailed information from the State as to Its method of appropriations for education following his apponitment as chairman of a committee on educational subsidies _ by Governor Gifford Plnchot of Pennsylvania. Good Catcher, Poor Hitter If Benny Bengough of the New York Thanks could hit he would be one of fthe most valuable catchers in the American League. He is a hangup receiver, but'weak with the willow. -

‘JUSTICE NOT DONE’ * Leopold and Loeb Should Have Hanged, Declares Grief-Stricken Jacob Franks

By KEA Service • C.", IHICAGO, Jan j,—An ey * for an eye! A tooth for a tooth! So ran the Mosaic law of his forefathers. So runs the law of Jacob Franks today. Many weary months of anguish have added to his heartache since Franks, now but a shadow of his former self, and bent under his tragedy, wept beside the bier of his slain son, Robert, and watched him borne away to a premature grave. Past the age of unreasoning hate, Franks, cheated out of dreams and aspirations in his son by Loeb and Leopold, who cut the youngster off from life “for a thrill” —bespeaks his mind of what “‘real justice” is. Seated at his desk, on which in an exact row are three portraits of the unfortunate Bobbie, Franks, in a bitter, quaking voice and with eyes that seemed to burn with an intense fire, repeated over and over: “They should have hanged. They should have hanged.” Never Uses Names That is the way he refers to Loeb and Leopold, now serving life sentences and ninety-nine years' imprisonment each at Joliet penitentiary for striking down the boy —“my little Bobbie”—for whom Franks, the millionaire watchmaker. had planned so much. He never calls them by name. It is always "they” when he brings the slayers into conversation. His manner is imperspnaL The pronoun is impersonal. But it reveals Franks’ loathing for the killers. He will not permit their name to defile his mouth. “Justice was not done in this case,” he says. “They should have hanged. There was no reason in law or human kindness why those two fiends shouid not have been done away with. “You ask me what justice is. I Justice .s what the law requires. I am fully satisfied with the criminal law as it is written. In some few cases there are mitigating circumstances. In this case there was none.” Criticises Oaverly ‘ He is particularly enraged over the conduct of Clarence Darrow, master pleader, who defended Loeb facts.” and Leopold, as his son’s confessed murderers. "Darrow is an atheist.” hissed Franks. “He undertook this defehse for th£ money there was in it. It is said that he made sl,000,000 for what ho did. “And then Judge Caverly—why did he, a chief justice, sit in the case? “It is an unusual procedure for a chief justice to sit in a trial like this. He should have assigned the case to some other Judge. “Because he didn’t do so makes me believe that his mind was already made up before he heard the

BUSINESS MAN IS HUNTED HERE Wife Reports Him Missing for Four Days, A search that may develop into a nation-wide one, was begun today by police to find John C. Merwln. 72, manager of Russell & Cos., farm

■0 Wmmir jJHfv

JOHN C. MBRWIN *

machinery concern, 147 Kentucky Ave., missing four days. Mrs. Merwin told Polkse Captain John White that her husband left home Dec. 31 and she thought he might be at the home of his son, Rupert A. Merwin, 1023 St, Paul St. He was not there. The wife said he started for h}s office Dec. 31. She said he had been in a business controversy, according to police. Marriage Licenses Otis King-, 24. Superior, cook; Alberta Youngr, 24. 1710 N. California. Elisha Self. 42, Cincinnati, laborer; Pauline D, Minor, 37, 2734 Boulevard Pi. Whitt 6. Hazel weed. 24. 2221 N. Capitol, chauffeur; Vivtau V. Troxell. 18, 419 N. Noble. Hurlev Brinkley. 43, 519 Ogden, janitor: Mattie Lewis, 22. 813 Karl&a. Joseph F. Ryan. 30, 137 E. Seventeenth. department manager; Anna M. Allison, 27, 2115 N. Pennsylvania. Alfred Freeman. 36. 926 N. Alabama, tailor; Mane San del in. 22. 648 E. North. Arthur A. Baeurlin, 36. Bumman. Ind.. garage manager.; Stella M. Hutcheson, 24, 5216 College. Maurice W. Parker. 22. 310 E. Walnut, bookkeeper: Albert H. Thompson. 17. 1631 Montcalm. William W. Wilcox Jr., 28. 3410 Race, Philadelphia, journalist: Floy C. Moll, junior, 25, 5015 Washington . Blvd., journalist. Dave Farb. 24, 1236 E. Ohio, brakeman; Belle Levey. 23, 70S Russell, bill clerk. Charles A. Wilson, 28, R. R. O, sales manager: Luella M. Nelson, 27, 3210 N. Capitol, librarian. Eric L. Carpenter. 34, Cineint'-ati, eontractor: Marion Ford. 27. T. W. C. A.,

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INDIANA WITHOUT JUSTICE,’HAWKINS ( ri -'ntinned From Page 1) plans, officials say, were upset when Dayton police took a hand and arrested him before he had completed his defense plans. In view of the fact Hawkins defaulted his bond when he failed to appear for trial before Judge Ferdinand A. Geiger in Federal Court it appeared that he would have difficulty in providing the $20,000 bond. Determined to Resist Financial ruih and breaking health have failed to shatter his determination to use every possible legal tech nicality to avoid removal to Indian apolls for trial on the same charges of conspiracy to use the mails in a scheme to defraud for which fourteen former officials and employes of Hawkins Mortgage Company and its subsidiaries were convicted recently at Indianapolis. At the commissioner’s hearing, which resulted In at least, a temporary victory for Hawkins, he announced his Intention of carrying the battle against removal to the Unit**! States Sui#eme Court if necessary. Both he and his attorney, Warner, announced they would attack the legality of the indictment, the Juris diction of the court, the manner In which Judge Geiger was selected to try the case and the organization of the grand jury. Practically all these questions were raised before the case against sixteen other defendants went to trial at Indianapolis and Were decided against the defendants. Denounces Judges Hawkins was outspoken in his denunciations of both J u d#e B. Anderson and Judge Geiger and postoffice inspectors. ' “Perhaps you have heard of the man who said the difference between Anderson and Geiger was that one beat you to death with a- club and the other smothered you with a pillow,” he said after the hearing. At the hearing on an Information for removal filed by E. J. Connolley operator of the bureau of investigation of the Department of Justice of Cincinnati, the Government was unrepresented by counsel and Warner made x the best of the opportunity to fight the proceedings bitterly. Postoffice Inspector John Welborn, of Indianapolis; E. L. Osboriie, Chief of th% JJureau of Investigation of Indianapolis; John Eckert, who holds the same position at Cincinnati, and Connolley attended the hearing. They were disappointed at the postponement of the case and Hawkins was Jubilant Police authorities seemed relieved Hawkins was taken off tboir hands and turned over to Sheriff Howard B. Webster and Deputy United States /Maifchal Carson Pratt. Talks With Mother Hawkins, although extremely nervous showed no emotion until he was told that his mother Mrs. Genevra Hayvklns, had come from Portland to see him. Tears his eyes and he retained self control with difficulty. Later*he broke down when he met her'at the Jail. They talked for more than an hour. Shortly before he had sent her a telegram asking her for S6OO. When arrested at the Hotel Haynes, Thursday night he apparently was penniless. However, when he was searched S2O was found in a shoe. There are two stories of his arrest. Detectives say they were attracted by his suspicious actions on the street and followed him. The other story is that a hotel employe became Suspicious of longdistance telephone calls placed by Hawkins, registered as L. J. Hart. Detroit, Mich., and told police. Police say Hawkins told them he had spent the past three months at Washington, D. C.; Detroit, Mich., Baltimore, Md., and Orlando, Fla.

JACOB FRANKS

After the hearing he denied this and said he spent the time hunting quail and duck and that he had splendid luck. He refused to say where he had been. He Shqwed no apparent interest in the outcome of the recent 'trials at Indianapolis or in the fate of his codefendants. If Commissioner Iddings orders Hawkins held for removal Jan. 12, Federal Judge Smith Hickenlooper of Cincinnati will be asked to issue the removal order. Friends on Job That Hawkins still has friends working In his Interest was shown by the rapid steps taken In his behalf. Although denied communication with the outside by police after his arrest, his attorney, Warner, was on the job early today and went immediately to Cincinnati to see Havey Mau, assistant district attorney. After the hearing Friday night he left Immediately for Columbus to see Benson W. Hough, district attorney. Someone notified Mrs. Hawking at Portland. She was accompanied by A. L. Winterman, which was considered significant by Federal officers. Winterman was held under $2,500 bond as a witness after being questioned closely by Judge Geiger following Hawkins’ disappearance In October. Hawkins has a large valise full of personal effects and papers. This was ordered locked up. Among his personal effects were Indianapolis newspapers dated two and three days after his disappearance. Wants t© Reeaup Fortune Hawkins declared he was going to clear himself in court and then rebuild his companies, recoup his shattered fortunes and re-establish himself in the estimation of friends. He charged that Postmaster, General Harry S. New was at the bottom of the prosecution against him because his mother’s newspaper at Portland fought New bitterly in the senatorial primary in which New was defeated. “My whole life plans were spoiled by politics,” said Hawkins. Asserting most of his original capital was his mother’s, Hawkins declared he was receiving a salary of only $125 a week when the cr; -sh came. ELLIOTT SEEKS INSTRUCTIONS District Attorney Asks to Order Man to Hearing. Homer Elliott. United States district attorney, today asked the Department of Justice in Washington to designate one of the Indianapolis staff to represent the Government in the removal proceedings against Morton S. Hawkins at Dayton, Ohio. Jan. 12. Elliott said it was doubtful If he would be naiped. in this event, Alexander G. Cavlns or John Rabb Emison, assistants, probably will be designated.

Every Man/Should Have Two Incomes The average person spends years in fitting himself to make money and not so much as an hour in learning how to make that money work for him. Each man should have two incomes —one from his own wont and one from the money he has saved. The thousands of Indianapolis people who have invested in our 7% preferred shares have found the ideal way to make their savings work and earn this second income. Four times each year they receive their dividends which yearly amounts to nearly on the inoney that they have invested. You can buy these shares now at $92.50 per share —par value $lO0 —either for cash or by our easy monthly saving plan. Call, phone or write. \ INVESTMENT DEPARTMENT Central Indiana Power Company Or Subsidiaries: -Wb*h Valley Electric Cos. Merchant* Beat ft Light Cos. Indiana Electric Corporation Northern Indiana Power Cos. , .titles Electric Cos. A Hoosier Institution

STOUT TO OPEN INVESTORS WEEK’ Radio Address on W, F, B, M. to Start Safety Campaign, “1925 'safe for Investors” week will be officially opened Monday night with a speech by Elmer W. Stout, president Fletcher American National Bank, through Merchants Heat and Light Company broadcasting station WFBH, 268 meters. “Before you invest investigate,” slogan of the week, will he his subject. Stout will point out the difference between investing and speculating. More than $50,000,000 was lost by Hoosiers in fraudulent companies in the last two years. Indiana Bankers’ Association and Better Business Bureaus, cooperating with other organizations, are sponsoring the movement. Luncheon clubs' over the State will observe the week with speeches. STREET CLEANING COSTS REDUCED $34 a Mile Saved, Year's Report Shows rs Cost of keeping paved street* in Indianapolis clean was reduced from $297 in 1923, to $263 a mile in 1924, by the street cleaning department, John F. Walker, superintendent, reported today. In 1915, this cost was $706.65 a mile. There are nearly 600 miles of paved streets in the city. Walker’s department swept 297,600 blocks of streets during the year. This was 148,000 more squares than any other year. A total of 271,415 squares of streets was flushed, 118,000 more than any other year. Number of cubic yards of street dirt removed was 89,942. Balance of $2,649.98 was reported. In addition, Walker pointed to the addition of equipment, extra provision being maSe for removal of snow by motor drawn plows, wagons to collect leaves, And emergency wagon to - collect broken glass in streets.* g. a. r. Yost installs George H. Thomas Unit Has New Officers. ' These new officers were installed today by George H. Thomas Post 17, G. A. R.: Enoch H. Wood, commander; George W. Fox, senior /Vice commander; A. B. Charpie, junior vice cohmiander; William L. Heiskell, ’ surgeon; Thomas E. Ream, chaplain; Amos H Haines, officer of the day; Harry Barker, officer of thq guard; Lew Nicoli f quartermaster) and Albert J. Ball, adjutant. COASTING IN WOODS Jarvis Authorizes Supervision at Thirty-Fourth St. and College. Supervision of coasting man’s woods, near Thirty-Fourth St, and College Ave., was authorized today by R: Walter Jarvis, superintendent of parks. Streets ordered closed last week also are* being watched by employes of the street cleaning department. Jarvis reported many coasters in Douglas* Park. Banquet Closes Convention A banquet In the Rainbow room of the Severin closed the first general sales convention of the E. C. Atkins Company Friday night. Heads of departments, factory foremen, members of Atkins Pioneer Club, men who have been with the company for twenty years, attended. Two Drivers Arrested Robert Mdtcalf, 22, of 1829 S. East St., and James Pierce, 18, of 712 E. Eleventh St., were arrested on speeding charges today.

Talk Bv United Press CHICAGO, Jan. 3.—Although deaf and dumb Mrs. Allis’-Rey-“talked her husband sick,” according to testimony Introduced in domestic relations court here. Reynolds, accused by his wife of non-support, appeared in court and told the judge through an Interpreter his wife nagged him from morning until night until he had gotten sick. Reynolds is also deaf and dumb. Whereupon the outraged Mrs. Reynolds opened fire with all ten fingers and the ijudge retreated in disordey continuing the case on thejpocket.

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