Indianapolis Times, Volume 37, Number 208, Indianapolis, Marion County, 31 December 1925 — Page 11

THURSDAY, DEC. 31,1925

HOG MARKET RULES SLIGHTLY LOWER

HOOVER SOUNDS WARNING NOTE IN STATEMENT Unchanged Bank Rate Imparts Confidence to List. Average Stock Prices Average price of twenty industrial stocks for Thursday, was 155.81. up .02. Average price of twenty rails fer Thursday, was 112.02, up .30. Bu United Press NEW YORK, Dee. 31.—Although Secretary Hoover’s statement on the 1926 business outlook contained a note of caution, it was on the whole decidedly optimistic and Wall Street interpreted it that way. This combined with the unchanged bank rate imparted a note of confidence in the stock market and opening prices were in most cases higher. United States Steel was up slightly at 134%. Chrysler gained a point to 201 and General Motors 115% to 116%. National Biscuit continued ita forward movement selling at 85. ex-dividend of 75 cents shortly after the opening compared with a closing price of 77% yesterday. Trading continued fairly active with higher prices prevailing. The varied list of stocks was in good demand with some issues making notable gains. Mack Truck was up to 160% equal to 266%, with 50 per cent stock including a gain of eight points. Motors were in demand with Chrysler up several points at 214% on dividend prospect next month. Rails were not without features, particularly New York and Harlem at 200, an advance at nearly 50 points in a month. This is one minority interest rail which is attracting buying, some of which holds about 70 per cent of stock as well as a long term lease on the road. Local Bank Clearings —Dec. 31— Indianapolis bank clearings for today totaled $0,107,000. Debits $0,938,000. Cleraines for the week amounted to $99,779,000. Debits $184,620. Clearings for 1920 were $904,278,000. Debits were $1,716,408,000.

GRAIN FUTURES ARE IRREGULAR December Wheat Boosted to $1.90. Bu United Presx CHICAGO, Dec. 31.—Trading in grain futures started with irregular price changes on the Chicago Board of Trade today. Eleventh hour covering by wheat operators, short on commitments, boosted December wheat, new variety touching $1.90. Distant futures were off fractionally. Coarse grains had a weak undertone. Offers In December wheat were small, forcing shorts to bid up prices. Hack of buying support weakened the distant deliveries. Corn weakened under scattered profit selling inspired by a heavy movement of grain from the country. Chicago Grain Table —Dec. 31— WHHAT— Prev. Open. High. Dow. Close. close. •De. 1.90 1.90 1.84 1.86 % 1.88% tDe 1.87% 1.87% 1.80 1.82 1.86% •Ma 17%,% 1.82 1.78 1.79% 1.80% +Ma 1.77*% 1.70% 1-76 1.77% 1.78 SRC. .78% .80% .78% .80 .79% ay .87% .88% .85% .86% .87% Dee. .41% .42% .41% .41% .41% Way .46 .46% .45 Vi .45% .46 .46% .45% .46 .46% Jan. 14.60 14.60 14.55 14.57 14.65 RIBS— Jan. .. .Nominal 15.00 15.00 RYE— Dec. 1.05% 1.06% 1.03 1.03 1.05% May 1.12 1.18% 1.10% 1.11 1.12% •New wheat. tOld wheat. CHICAGO. Dec. 31.—Carlot receipts were: Wheat. 19: corn. 131; oats. 28; rye, 3.

Produce Markets

Eggß—Strictly fresh, delivered at Indi anapolis. 38® 40c. Poultry—Hens. 24c: Leshorns, 15c: •printers. 24c: Lerhorns and blacks, 14 ®l6c; young- turkeys. 35® 40c. old tur keys. 28c; cocks and stagß. 11c: ducks. 16@20cS Butter—Jobbers’ selling jrices for creamcreamery butter fresh printß, 48@51c. Cheese—Selling prices: Domestic Swiss. 33® 44c: Imported. 53® 59c: New York brick. 28c Wisconsin limburger. 28® 29c: Wisconsin Daisies. 28 @2B He: Long Poms, 28H 0 29Hc: American loaf. 34c: bimento loaf 36c. CHICAGO, Lee. 31. —Butter—Receipts, 8.128: creamery. 47c: standards, 46He: (irsKs. 4S@44Hc: seconds. 41@42e. Eggs I —Receipts. 7,970; ordinaries, 33@30c; firsts. 38c. Cheese—Twins. 23% ®24c: Americas, 24%® 26c. Poultry—Receipts. 2 cars: fowls ,23®30c: springs. 3le: ducks. 25®30c: geese. 20@22e: turkeys. 28@30c: roostera, 17 %c. Potatoes—Receipts. 180 cars: Wisconsin round whites. $4®4.20; Idaho russets. 84® 4.25. CLEVELAND. Dee. 31.—Poultry—Heavy express fowls. 26®27c: Leghorns. 20® 22c; springers, 29® 30c: Leghorn springers. 22® 24c: cocks, 17c: heavy young flocks. 30®32c; geese, 22®24c; turkeyn, 60® 52c. Butter—Extra in tub lots, 50 ®sle: extra firsts. 47®48e- firsts, 40c; packing stock. 32c. Eggs—Northern Ohio extras, B8c; northern Ohio extras. 48c; Ohio firsts, 44e: pullet eggs. 32@33e; „ firsts. 43 He. Potatoes—Ohio. $2.3502.50; Idaho Jankers. ss® 6 per 100 pounds: Colorado, $5.25 per 120 pounds. NEW YORK D**c. 31.—Flour—Dull and unchanged. Pork—Steady: mess. $24. — Quiet. Sugar Steady; 96 test, 4.15; refined, steady; granulated. 5®5.50. No. 7. 17 %®.17 %e: Santos No. 4. 23®2,1 He. Tallow—Firm: special to @9%c. Hav—Steady: No. 1, No. 3. $1.20® 1.25: clover, sl.lo® Dressed poultry—Firm: turuhtokens. 23® 38c; capons, 38@64c; fowls, 16®35c; ducks, i7®34c: lanvg Islands. 31® 32c. Live poultry—firm: geese. 15® 31c: ducks. 16®34e; fowls, 29® 38c- turkeys. 45® 50c; roosters, 18c: broilers. 42®55c. Cheese —Firm; state milk, common to BpedaJ. 21®28He: young Americas. 26®26He. Butter—Steady: receipts. 13.750; creamery extras, 49%®50c: special market. 50%® 51c. Eggs—Quiet: receipts. 20,467: nearby white fancy, 54®55c: nearby state white, 43® 53c fresh firsts. 43® 49c: Pacific coast, first to extras, 42® 62V4c: western whites, 42® 53c. SHIPPERS’ FORECAST Northwest, north and northeast, 1$ to 25. west, east and soutty, 22 to 30. \ Local Wagon Wheat ipdianapolts mills and rram elevator* aiolpaying $1.82 for No. 2 red wheat. Othdr grade* on tneu- merits

New York Stocks IB.? Thomson ft McKinnon)

All Quotations New York Time —Dec. 31— _ Railroads— Frev. Hisrh. Dow. t:00. e.los. Atchison ..138% 138 138 135% Atl C*t L 268% B & O ... 94 93% 94 94 Canad Pac. -. ... ••• 148% C ft O ...126% ... / 120% 126% C & SW. .81% ... 81 % 81% C R I ft P. 58% 58% 68% 68% Del & Hud. 156 154% 155 163% Del ft Lac. 145% ... 145% 145 Erie 38% ... 38 38% Erie Ist ti/d 45 44 % 45 44 % Gt North pt 78% ... 78% (8% Lehigh Val . . ... ... 86 % D ft N ...142% ... 142% 142% Mo Pac old 88% 88% 88% 88, N Y Cent.. 135% 134% 135 136% NY NH ft ft 46 44% 45 43% North Pac. 70% 76 70% 77% Nor ft Wn 148.. Pennsy ... 64 % ... 54 % 54 % Beading ... 88% ... 88% 88% So Railway 119% 119% 119% 119% Sou Pacific 104 ... 104 103% St Paul ... 10% 10 10% 9% St Paul pfd 19% ... 19 18% St D ft ftW 04 ... 04 04 % St L ft S F 101 100 101 99% Union Pac 160% 150 150% 150% Wabash ... 44 43% 44 43% Wabash pfd 73% 73 73% 73% •ft libbers— Fisk Rubber 23 % ... 23 22 % Goodrich R 61% ... 01% 61 Goodyear pf . ... . . 103% Kelfy-Spgfld 17% ... 17% 17'i D S Rubber 81 79% 81 78% El u i p m ent— Am Cft F 109% ... 109% 108% Am Stl Fdy 40% ... 48 46% Amer Loco 118% .ft. 118% 117% Bald Loco 130 139% 130 129 Gen Elec . .325% ... 326% 336 Dima Loco. 68 % ... 08 V* 69 Pr Stl Car. 08% ... 68% 07 Pullman ..167 ... 100% 160% *W“st Abk 122% ... 122 125 Westh Elec 74% ... 74% 76% Steels— Bethlehem .48 47% 47% 47% Colorado F. 30% ... 30% 36% Crucible 79% Gulf States 92% ... 92% 91 Va P R C ft I 46% 45% 48 45 R Iron ft S 60 ... 69 % 59 % Sloss-Shcff 136 ... 130 132%

Across the Desk With Busy Men Nordyke - Marmon Celebrates Seventy-Fifth Anniversary.

By Rader Winget - MARMON AND COMPANY today celebrates Its seventy-fifth anniversary. A resume of Marmon’s 1925 accomplishments on the anniversary shows: A pay roll of more than $3,000,000 contributed directly to the support of about 10,000 Indianapolis people during thg. past year. More than $2,000,000 spent in purchasing from Indianapolis firms. More than $16,000,000 deposited In Indianapolis banks. Gross sales during the past year ■Wire than $16,000,000. Net earnings for the year in the automobile and mill divisions more than $2,150,000. Net worth of the company $4,800,000. Cash on hand and in banks more than $1,300,000. Automobile drafts against bills of lading not discounted, more than $400,000. - Total cash on hand in banks and In undiscounted drafts, more than $1,700,000. |r-p I HE lowly harmonica is returnX I ingr to popularity in the mul' ■ J *slcal world, say salesmen in local retail musical houses. In the period following the war a sudden spurt of buying pushed sales past the 50 per cent mark in a short time. Reports from New York show many *hi.rmonica schools” have blossomed forth to reap a golden harvest from beginners. No schools have been opened In Indianapolis as yet for the express purpose of teaching the art of harmonica playing, but some schools instruct in that branch of music as a side line. Local dealers are atloss to explain the sudden harmonica craze. Dudley Siddall, formerly of the North American Company, will join the staff of Loring R. Hoover & Cos., of New York, Jan. 2, as director of publicity according to an announcement by Loring R. Hoover, president. Siddell has been connected with the Cleveland Plain Dealer, the Grand Rapids Press, the New York Sun and Herald, the NEA Service and the United Press.

Commission Row

Price* to Retailer* Fruit* Apples Jonathan 40-pound basket •$1.75® 2: Grimes Golden. 40-pound basket, $1.76®2 Delicious. 40-pound basket $2.75; W Bananas. 40-pound basket $1.75; King Davids 40-pound basket $1.50: Northern Spy. 40-pound basket. $1.76; Baldwins 40-pound baskets $1.75 ®2; Staymen Wincsap, box $3 Bananas—Bc a pound Cocoanuts—Jamaica. $5.50® 6 for 100. Cranberries—Box. 60-nound $8.50®9 Grapefruit—Florida. $3.50® 4.60. Grapes—Emperlor 'Ugs. $3 50® 3.76 Kumquats—Fla., qt„ 35® 30c. Lemons—California, box $4.50®5. Limes—sl.6o®2 a hundred. Oranegs—California Navels. $4.50@6: Florida. $4.50 @5 Pears—Anjou, box, s6® 8.25. Vegetables Artichokes—Fey California. $1.60® 1.76 dozen. Beets—H. G.. bu.. sl. Brussels Sprouts Fey. California, pound, 20® 25c. Cabbage—Fey. H. G.. 4®4Hc a pound. Carrots—H. H. bu. [email protected]: Texas, bu., $1.90 @2. Cauliflower—Colorado, crt.. $3.26. Celery—Michigan [email protected]: California. [email protected]. Cucumbers—H. G.. doz., $4 [email protected]. Eggplant—Florida, doz..' $2 @ 2.26 Endive—Doz;, 46 @ 50c. Garlic—Fey California 15c lb. Kale—Eastern, bbl.. $1.76®2.26. Lettuce—Western Iceberg, crate, $4.50 S5; H. G. leaf, 15-pound basket. $1.50 1.75. , Mangoes—Florida trunk. $5.50® 8. —Fey.. 3-pound basket. $1.25 Onions—H G. white bu.. $2; Spanisr. crt,. $1.50. Oyster Plant—Fey H. G„ 60c doz. Parsley—Fey. H. G.. doz. 40045 c. Peas—California, crt.. [email protected]. Potatoes —Micnigan white 150-lb. sack. $6.7*@7: Idaho per cwt.. $4.76@5; Ohio. 12Q-lb. sack. $5.26 06.60. Radishes —Doz. 50c. ' Rutabagas—Fey.. $1.6001.76 cwt. Spinach—H. G.. bn.. $1.5001.86. Squash—Hubbard, bbl. [email protected] Sweet Potatoes—Jersey, bu., $3 @3.26. Tomatoes—Crt., [email protected]. Turnips—New H G. [email protected] In the Sugar Market (By Thomson & McKinnon). NEW YORK, Dec. 31.—The practical certainty that the carry-over from the old crop will not exceed the normal, rather than any outside favorable factors, has created a better feeling In the sugar trade. The absorption of a five million ton crop has been so easily accomplished that investment buying is gradually increasing in the deferred positions.

U S Steel.. 136% 134% 130% 134% Vailadium. ... ... ...... 31% Motors— Am Bosci .. 31 30% 31 30% Chandler M. 48% 48 48% 47% Gen Mot.. 117% 110% 116 4* 115% •Mack M. 150 147 150 218% Ind 0i1... 33% 33% 33% 33% Chrysler. . 203 201 203 200 Hudson ...112% 111 112% 110% Moon Mot. 35% 34% 36% 34% Studebaker. 67 50% 57 58% Hupp 27 20 % 27 27 Stewart W. 89% Timken ....54 * . . 53% 64 Willys-Over. 30% 29% 30% 29% Pleree-Arr.. 35% 35 35 % 34% Minings— Gt No Ore 20 1 25% 25% 26% lilt Nickel.. 45% 44% 45% 44% Tex Gft S 120% 118% 120% 118 V* Coppers— Am Smelt. 141% 141 141% 141% Anaconda .. 49 % ... 49 % 49 % Inspiration. 26 % ... 25 % 24 % Kenneeott... 54% 64% 54% 54% Ray .. ... 11 % US Smelt. 49% ... 49% 49% Oils— . Cal Petrol. 33% 33% 33% 33% Mld-Oon P. 37% 36% 37 37 Houston Oil 72% ... 72% 72% Martin-Parr 19 >{ 19% 19% 19% Marland Oil 69% 59 59 % 68% P-Am Pete 77% 77% 77% 70% P-A P (B) 77% 77% 77% 79 Pacific Oil. 76% 75 76% 7S Phillips P.. 46% 40% 40% 40% Gen Pete... 58% 67% 68% 67 Pure 0i1... 31% 30% 31 30% Royal Put. 65% 65% 66% 65% S Oil of Cal 62% 61% 62 61% S Oil of N J 40% 40% 40% 46% Sinclair ... 23 Vs 22% 1 23 22% Texas Go.. 54% 64 54 Vi >3 % Industrial h Allied Ch. U 13% -1. 113 , U? Allia-Chalra 92% ' & 92% 91% Amer Can .290% 28 290% 290% A H A L pf . . . ... 60 A Amer Ice .135% . 132% 133% Amer Wool 40% 40 Va 42% Cent Leath 19 1% 19 18% .. / ... 163% CongolcuTfc. 17% .. 17% 1( % Cont Can.. 91% ii % 91 : 91% Dupont . . 232 . . . 232 2.10 % F Players .108% 107 107% 106% Gen Asphalt 06% ... <SO 00% Jnt Pcocr. . 03% v 02 03% 02 lilt H;.rv May Stores. .. ... ... 137% Mont Ward 80Vi 79% 80V* <9% Natl Guam .. ... ... 38% Owen Bottle . . ... ... 3Vs Radio 44% 43 44 Vi 42% Sears-Roeb 235 % 234 235 % 232 Untd Drug 153 163. 162% 152 U S In Aleo 75 74% 76 74% Woo! worth 212% 211 213 208% Utilities— Am Tft T 142% 145% 142% 142% Con Gaa ... 94 % ... 94 % 94 Col Gas ... 83 % ... 83 % 83 % People's G 118% Wn Union 135% ... 135% 135% Shipping— Am lilt Com 44 Vi 42% 44% 42% Am S ft C 5% At lan Gulf. 03 6J<% 63 01 % I M M pfd 41% ... 41% 41 Foods— Am Sugar. 75% 76 76Vi 74% Am Meet Sug . . ... ... 32 Austin Nich . . ... ... 27 % Corn Prod. 41% 40% 41% 40% Fleischmann 65% ... 66 Sr 50 Cu-'Am Sug. 24 ... 23% 83% Jewell Tea. .. ... ... 24% Punta Aleg . . ... ... 38 Vs Ward Rakg. 84 Vi 82 83% 81 Vi Tobaccos— Amer-Sumat .. ... ... 10% Amer Too 116% ... 114% 114% Gen Cigar .114% ... 114% 114% Tob Prod B 97% 90% 97% 07% Lorillard... 35% 36% 85% 35% U C Stores. 93% 1)2% 93% 92% Schulte R 8 . . ... ... i3o % •Ex-div.

DILLON, READ BUYS jNTEREST Company Continues Two Large Industrial Plants. Bu United Press NEW YORK, Dec. 31.—Two of the outstanding romances of the financial world have been combined with the word that Dillon, Read & Cos., after Jan. 1, would conclude the purchase of a $60,000,000 interest in the National Cash Register Company. Two score years ago John P. Patterson, for $6,000, gained control of the National Cash Register Company, which had purchased the patent on the register from James Ritty, a poor inventor. From a baby the company has grown into a giant of the industrial world. Dillon, Read and Company was practically unknown on the street until a few years ago. Wall Street was rather surprised when Clarence Dillon, 43-year-old head of the company, paid' $146,000,000 lu cash for the Dodge Brothers property. Banking circles agree that the purchasing of this interest in the National Cush Register Company was the greatest stroke of industrial financing during 1925, second only to the company’s purchase of the Dodge interests. GRANGE TILT Red and Bears to Play in Tampa. Bv Times tSpecial TAMRA, Fla., Dec. 31.—Red Grange and the rest of the Chicago Bears were to take a final light workout today sos the game Friday here with Jim Thorpe’s Tampa Cardinals. The Bears took a day off on Wednesday and did not work out. A number of fans were at the field Wednesday to see Grange In moleskins, hut the grid financier disappointed them. Ths fans can pay to see Aim on New Year’s. Promoters report that most of the 16,000 seats availr.l'le for the game have been sojd, assuring a capacity crowd. PRIZES FOR DANCING Disabled Veterans to {lave Contest _ at Party Tonight. Prizes will be awarded winners in the Charleston contests tonight at the New Year’s dance at Tomlinson Hall, sponsored by Indianapolis Post No. 1, Disabled American Veterans of the World War. Dancing will begin at 8:30 In the evening and continue until 2 a. m. SIKI LEAVES ONLY 5600 Bu United Press NEW YORK, Dec. 31.—Battling Slki, who earned and went through SIOO,OOO during his brief and hectic career, left an estate of SSOO in personal property, according to papers riled in surrogate court by h}s widow, Mrs. Lillian Phal. He left ho will and the estate reverted to the widow. The French government waived the right of administration. COURT ORDER DISSOLVED Judge C&inton H. Givan this afternoon dissolved the restraining order preventing the board of works from continuing Cruse St. improvements. - • •

THE IN*mPOLIS TIMES

‘High Roller’ Calf Mart Boosts Values to Top of $16.50. —Hoc Price* Day by Day— Dec. Bulk. Top. Receipt*. 23. 11.35® 11 85 12.00 0.000 24. 11.50® 12.00 12.00 4.000 28. 12.00 812.50 12.50 7,500 29. 11.50® 12 35 12.35 10.000 30. 11.60® 12.35 12.40 13.000 31. Hog prices ruled steady to 16 cents lower In the final session of the year at tha~-Indiana polls Livestock Exchange. Low-er compettltive markets led to the slump here. Comparatively light receipts were estimated at 6,000 and 701 holdovers from the previous trading period were added to the total fresh receipts. In the early deals $12.50 was paid for one load of choice light weight material. Later the market opened 15 cents lower and light weight stuff brought $12.20. A final practical top on choice matured hogs was placed at $12.36. The bulk of the hog sales were made from $11.35 to $12.20. Hog Price Scale Trading was done over the following scale of values: Heavies brought [email protected], medium weight material sold at $11.40<§ i 11.70, lights and light lights wero $12.20, pigs commanded a price of [email protected], and some few choice pigs were quoted at $12.75, smooth packing sows averaged [email protected], rough packing sows cashed at [email protected], and stags were [email protected]. The cattle market progressed along a steady basis in the final session and prices were practically unchanged. A run of material estimated at 700 was offered for sale Arranged of [email protected] was quoted on steers, but very few brought over $lO. Heifers continued In good demand and prices ranged from ss® $lO. Cows were stronger and sold from $3 to $7.60. Calves Are Higher Sheep and lamb market was rather a weak affair with very little offered Receipts were estimated at 200 and prices were steady. Choice lambs were quoted at sl6® 16, but very few sales were made over $15.50. Sheep were unchanged and were priced from $4 to SB. The calf market was a “high roller’-’ and prices were boosted fully $1 to a top price of $16.50. The bulk of the sales were made from sl6. Receipts were estimated at 800. —Hoc*— Heavies $11.35 1160 Medium* [email protected] Light hi-tr* 12.20 Ligth lights 12.20 Pir* - 12.20® 12.75 Smooth now* 9.75® 10.50 Rough sows ....; 9.00® 9.50 Stag* [email protected] —Cattle— Good to choice fat steer*..s 6 00® 11.60 Medium steer* 4.00® 000 Choice heifers 5.00® 10.00 Common to fat heifers .... 3 00® 5.00 Prime fat cow* 4 (H)® 7.50 Canner* an deutter cow* ... 3.00® 4.50 —Calve*— Fancy veal* $10.50 Good veal* . 10 00 Medium calve* • 8.00 @ll.OO Common veals 5.00® 7.00 —Sheep and Lamb*— Choice iftmbs $16.00® 10.00 Good 10 00® 13.00 Good to choice sheep 6.00® 8.00 Fair to medium 3.50® 5.00 Other Live Stock* CHICAGO. Deo. 31.—Cattle—Receipts. 6.000: fat steers 25c higher: belter glade* suitable for shipping purposes mostly higher: kinds of values to sell at $9 @lO predominating: best heavies. $10.60: early yearling*. $10.05; she stock steady at decent sharp upturn: bull* selling on runaway market, 25c up- vealer* unevenly up. mostly $13.50® 14 to packers, few $14.60: outsiders paying up to sls. 9hecp —Receipts. 18.000: fat lambs opening slow to 25©500 lewer: desirable nandyweight to packer* mostly $15.50® 16.75: prospective top to shippers. $10.26: few sales fat ewes. >K© 8.75: weak 25c lower: feeding lambs. $lO @10.35% weak. 25e lower. Hogs—Receipts 52.000; market 15®, 25c lower; top. $11.75: bulk. sll.lO ©ll 50- heavyweight*. $10.70® 11.25; mediumweight*. sll @11.45: lightweights. $10.75® 11.06; light lights. sll® Unpacking sow*. $8 @9.60: slaughter pigs. $11.76 @12.75. \ CINCINNATI Dec. 31.—Cattle - ceipts, 500; market slow and steady: choice shippers. s9® 10.50. Calves— rSlarket gßady: choice. sl3® 14. Hogs—Receipts. 4.500: market mostly 25c lower: choice packer*. $11.75® 12. Sheep-—Re-ceipt*. 300; market stroug: choice. si>@ 8. Lambs—Market strong! choice. $lO @10.60. BAST BUFFALO. Dee. 31.—Cattle— Receipt*. 225: market slow, steady: shipping steers, $9.60 @11.50; butcher grade*. so®‘9; cows, $2 @8.50. Calves—Receipts. 200; market. [email protected] higher cull to choice, $5 @17.60. Sheep and lamb*— Receipts. 1.700: market slow, lambs 10c lower; choice lambs. sl6® 17; cull to fair. $l0(o 15.50: yearlings $9 @l4: sheep. $3.50® 10.50. Hogs—Receipts 3. 200; market active, pigs $1 lower, others 25®50c lower: Yorkers. $12.50® 13: Pigs. sl3: mixed. sl2® 12.50: heavies. sllsO @11.85: roughs, s9@lo: stags, so.oO©'B. CLEVELAND. Dec. 31.—Hogs—Re dsipts, 2,500; market, 25® 35c lower: Yorkers. $12.75: mixed. $11.50; mediums. $11.40; pigs, $12.75; roughs. $9 50. stags. $6.00. Cattle—Receipts, 300 market, steady: good to choice bulls, $6 <a 7.50: good to choice steers, s9® 10. good to choice heifers. [email protected]: good to choice cows. $5 £r 0: fair lo good cows, $3 @4: common cows. s3@4: milchers. s;>o ®IOO. Sheep and lambs-—Receipts. 1.500: market, 60c lower: top. $10.50. Calves— Reetpt*. 300: market, steady: top, $11.50. PITTSBURGH. Dec. 31.—Cattle Receipt* light, market steady choice. $10.25 @10.50; good, $9.50@10.: fair. $7.25® 8: vealers. $15.50@16. Sheep and lambs. —Receipts. 2 double-decks: market slow, steady; prime. [email protected]: good 89.25® 9.75: fnir. [email protected]: lambs. [email protected]. Hogs—Receipts, 25 double-decks: market steady; prime. sl2® 12.25: mediums. $12.05 @ 12.76: heavies. $12.75; lights. sl3® 13.25: pigs. $13.25@ 13.50: roughs. [email protected]. r >: stags. so@7. EAST ST. LOUIS. Dec. 31—Cattle— Roceitps. 1,800-. market, alow: cows. $4.75@6- eanners and cutters $3.40®'4: calves, $14.50; stoekers and feeders. $5 60 @7. Hogs—Receipts. 13.500: market steady. 25c lower: heavies $11.15® 11.36: mediums. [email protected]; lights. $11.50® 12.25: light lights [email protected]: packing sows. $9.50® 10- pigs. [email protected]; bulk, $11.40® 12.10. Bheep—Receipts. I. market glow to weak: ewes. s7® 8.75: cannsrs and cutters, $1.50 @6; wooled lambs. sl4@lo. TOLEDO. Dec. 31.—Hogs—Receipts. 800: market. 26e lower- heaviee. sll @ 11. mediums. $11.40® 11.50: Yorkers. $12.40® 12.50: good pigs. $12.50@13. Calves steady. Sheep and lambs —Market, lower.

TO REDUCE DIVORCE Oregon Judge Sayij. Use of Labor-Sav-ing Devices in tyuine. Divorce can be reduced materially by the proper application of electrical labor-saving devices in the home, according to an Oregon judge. The growing evil In this Nation is based on marital unhappiness arising from the drudgery of pld-fashioned housework, declares the judge, and modern household appliances are doing much to remedy this condition. CORNELL 'BEATS OHIO Eastern Basketball Team Trims Buckeyes, 33 to 21. Bu United Press COLUMBUS. Ohio, Dec. 31.—Ohio State suffered its first defeat of the season Wednesday, going down before the strong Cornell quintet 33 to 21. The visitors assumed the least at the start and were never headed. Moynihan, forward and Drake, center, starred for Cornell.

CIVIC AFFAIRS COMMITTEE ON JOB ALL YEAR Advantages Obtained From Chamber of Commerce Are Cited. One organization on the job in the interest of the taxpayer in 1925 was the civic affairs committee of the Chamber of Commerce, of which William Fortune was chairman. Leonard V, Harrison, tax expert in the employe of the Chamber, devoted his full time to the consideration of the problems. Development of a budget classification system accepted by the State Board of Accounts and used by the city of Indianapolis In preparing Its 1926 budget was an outstanding feature of the committee’s work. The system permits Intelligent comparison of one year’s budgeif proposals with requirements In former years and facilitates desirable pruning of budget estimates based on sound comparison. The city of Indianapolis has adopted Harrison’s budget system officially and the State board of accounts Is holding tho classification as exemplary and. though the board has not exactly urged other municipalities throughout the # State to adopt, the same system. It has let it he known that Harrison’s system has met with complete approval, because of its clarity and exactness in presenting municipal expenditures of .all kinds. In addition to formulating the budget classification system, the problem of school finances for Indianapolis during the year 1926 was made the subject of an Intensive study and the report setting forth a brief history of public school financing and the present urgent need of the Indianapolis school system made specific recommendations as to reductions which could be made in the tentative budget estimates without working injury to the main program. The recommendations proved acceptable to public school officials who, throughout the period of budget examination, had manifested eagerness to adopt any practical suggestion for lowering school costs not inconsistent with the program of school building construction. Asa result, the proposed school taxvlevy of $1.36 per SIOO, finally was reduced by the Indianapolis board of school commissioners to sl.lO per SIOO, thereby saving taxpayers of Indianapolis many thousands of dollars without seriously interfering with the contOthplated of school building construction. Watched County Budget The civic affairs department made careful examination of the Marion County budget for 1926, which resulted In the trimming of ordinary expenditures to the savings of the taxpayers. Also the department studied the subject of Marion County’s care of the insane at Julietta Hospital, pointing out that the care of the insane is a duty of the State and not of tho county. Accordingly, recommendation was made that the State assume full burden of caring for Marion County insane as soon as suitable arrangements could possibly he made for the transfer of patients from Julietta Hospital. A law which would have permitted the State to take over Julietta Hospital as a Stpte institution, free of cost, was passed during the 1925 session of the Indiana General Assembly, but was vetoed by the Governor. These major considerations received much thought and attention of members of the civic affairs committee during the year. Fortune said, but in addition minor studies such as the population study to show the population of the city of Indiari&polis as of July 1, and a study bearing, on the amount of gasoline tax moneys which will be credited to the city of Indianapolis early in 1926, along with other miscellaneous examinatlsn, were made.

BOOK RESIGNS SCHOOLOFFICE (Continued From Page 1) new board members it was made plain to me that if I cared to remain as business director, I must do what I could to prevent contracts with the new architects from becoming effective, and in other ways block the ’ buildings plan3, which the present board hoped to complete before leaving office.” “These gentlemen, particularly Shipp, even went so far as to try to show me how I could take these steps, and. it was even stated, that If I Incurred the displeasure of the present board, and caused it to remove me as business director, the new board could reinstate me as soon as it took office. “Such a proposal, of course, was regarded by me as unconscionable. Since that conference I have felt it my duty to do all In my power to press forward in the present board’s program.” No Personal Feeling Book said he had no personal feeling against Shipp or any of the new board members. He declared that ihe had considerable experience In school affair#, having investigated them In this city and others before becoming director. “I do not understand why Shipp, more than any other persons, should be in a prearranged conference to building policies. Shipp hast been active in politics but the fact that he has private business with the schools should keep him out of any such conferences as this. “I am not saying or implying there is any plan or combination for putting any particular kind of device in the schools. I merely did not think Shipp should be at a conference on building policies of the board,*’ Book said. “The fact is well known that a preceding board, as then constituted, adopted specifications for school buildings, which quoted verbatim from catalogues of Shipp's ventilating device company, and under that

tained the ventilating devices of that company.’’ Book said under another board other new buildings were erected and each contained Shipp’s devices. Each of the board members present at the meeting said they were highly gratified at the work Book had performed, and deeply regretted that he had found cause to resign. Adolph G. Ernhardt was not present. Shipp a few days ago, said he did not know any numbers of the new board. “I haven’t met any of them except in a business way," he dedared. ”1 purchase articles from Theodore Vonnegut sometimes, and I met Charles W. Kern several years ago when he was active in labor unions. I know Mrs. Lillla* Sedwiek by reputation as a leader of the W. C. T. U.” Denied Meeting He -said the hoard members had never been In his office. He denied any personal or political interest In school affairs. ' “I know one thing,” he said. "There’s a bad worm in the school board some place. I wonder who it Is?" He said he thought the new board will carry out its duties ln # the proper fashion. It Is said Ralph Douglas, director, will become business director under the new board. Ho was director four years ago. . , \ Adolph Ernhardt has denied being chosen hoard attorney by the new hoard, and Vonnegut has denied being selected board president. Book, before accepting the position of business director, was employed by an Indianapolis newspaper. He made no announcement of plans for the future. The new board' will meet for an organization meeting Saturday, members announced. FORMER GUARD HEAD INDICTED

(Continued From Page 1) and 8 cents. Twelve dollars and forty cents. Twenty-six copies of Sunday Star 10 cents, total $2.60. Grand total, sls. Signed, Crane Company, per Mrs. Viola Ball.” j The thirteenth count charged j Smith with intent to defraud the State by making out and filing in { the auditor's office a claim for services in securing records at Washington, D. C., which amounted to $36. This was also signed by Viola Ball. The count further charged that the claim was so made out that Smith also procured a warrant from the State for $56 and $36, a total of $92. Smith, former Marion auditor, was appointed adjutant general Jan. 9, 1917, by Governor James P. Goodrich and reappointed Jan. 10, 1921, (serving eight full years. He was held in high regard by officers and men of the Indiana guard and was honored with the presidency of the Adjutant Generals’ Association of the United States. During his eight years as adjutant general many Improvements In the management of the Indiana guard were accomplished. He directed the work of compiling the lists of Indiana soldiers of the World War, in itself a monumental task. During his second term of office he was married. Since his retirement from public office Smith has built up a wholesale poultry and dairy business. He has been active In Republican politics for more than twenty-five years. Gash Discrepancies Cash discrepancies of. $14,954.16 In Smith's accounts and a clai.*! of $15,735 against Smith by the War Department audit bureau were revealed June 29 in a report to Lawrence F. Orr, chief examiner of State board of accounts by A. B. Walsh and B. B. McDonald, examiners. The $14,954 item represents charges of $13,803 against Smith personally and $1,150 against others, but which revert to Smith. While the report covers the period from Jan. 10, 1921 to Jan. 12, 1925, examiners checked from the time Smith took office. Shortage of $8,435 which Is charged against Smith is alleged by examiners in connection with the purchase and disposal of army unifdrms. To reimburse National Guardsmen for clothing taken Into Federal service In the World War Smith is sajd to have drawn a voucher in Sept. 1919 for $22,332 against the State, which was $6,524 in excess of the amount necessary. Proceeds from the vouchers were deposited in a local bank to the credit of Smith as adjutant general. At the end of 1921 with a record balance of $13,425, checks to the amount of $14,546 were drawn for purposes which the report described as "foreign to the law.” Examiners said shuffling of the accounts in a haphazard way brought about the shortage. The second largest State charge Is one for $4,927 In connection with detachment of guardsmen sent to Staunton, Ind., Aug., 1922, by Warren T. McCray, then governor, when coal miners there struck. Missing Equipment Officers of 151st Infantry were required make lists of lost Army equipment. Smith Is alleged to have drawn checks payable to the officers for missing equipment and directed them to return the checks to him. They were then deposited in another barik in the "Harry B. Smith clothing account.” Later his money was withdrawn and placed In the State treasury clothing account to cover an existing shortage, examiners alleged. Examiners said on subordinate officers they learned the Government never released the charge against them for missing equipment. Some of the equipment shown by Smith’s records to have been lost included overcoats, although the strike was In August, and cavalry equipment, when no cavalry men were on the expedition. Many checks drawn out of the military fund were made payable to i Smith himself, the report said. Services indicated on numerous receipts presented and filed by Smith were repudiated by persons reporting to have signed the receipts, the report said. . udit before payment of

a claim of $5,517 by Kahn Tailoring Company for uniforms was recommended. Attention was directed to unpaid bills totalling $80,704 from September 1922, to September 1924, which were satisfied by special appropriation of the 1925 Legislature. Commenting on methods of the adjutant’s office In recording army leased the report declared, "leases are in a chaotic condition and methods used in procuring them have resulted In a loss to the State. Records Gone “Examiners said they were unable to find records of State armory board meetings, as provided by law and to make thorough check of leases.’* _ . Expecting the 1921 Legislature to appropriate SIOO,OOO for an- armory In Indianapolis, Smith authorized architects to draw plans. Following tho session which refused proposal, Smith paid the bill amounting to $2,981. This expenditure was held Illegal and charged to Smith. In a resume of the audit the examiners said: "Transactions in thb office bore all appearances of regularity, had not information to the contrary been furnished by outsiders Our examination was delayed and hampered In every possible way by Smith, who used every means at his command to mislead us as to the true facts regarding checks drawn to himself. Opporunity was given Smith to reconcile the transactions, but he refused.” On receipt of the report Smith referred the matter to Martin Hugg, Ids attorney ,and refuSfft to comment. / Copies were sent to Governor Jackson, William 11. Kersehner, present adjutant general. Attorney General Arthur L. Gllllom. State auditor Lew S. Bowman, and William H. Remy, Marion County prosecutor. Smith was bonded for SIO,OOO as adjutant general and for the same amount as quartermaster general. Moat of the State's losses under the first bond are collectible and some of those covered by the second Indemnity can be collected. It Is believed by officials of the accounts board.

HEALTH BOARD CALLS MEETING (Continued From Page 1) it." Dr. King would not comment as Fred C. Gause, his attorney, was Out of the </lty. Investigation Asked A more thorough investigation into affairs of the health board was asked of Laurence F. Orr, chief examiner of the State board of accounts, by Dr. Keene. King answered Keene’s latest charges categorically as follows: 1. ‘‘Sure. The Bteinhart Company allowed us SIOO on this car, a Ford coupe, which was taken in along with three others In exchange for anew Oakland for the department. I bought the car for SIOO for my daughter to use going to school.” Salary Increased 2. "During the three years Geupel was with the department his salary was increased from $3,000 to $3,200, and finally to $3,400.” 3. “No board employes ever worked for me at my house.” 4. “Vouchers never were signed by the president of the board, so far Vis I know.” "5. Governor Jackson’s signature of approval appeal’s on memos calling for the St. Louis trip.” “The accounts board has answered ihe last question.” Dr. Keene asked the board of accounts. which recently made a report on the health department covering the last fiscal year, lo look into these things: 1. An alleged transaction whereby King is said to have sold a Stateowned automobile to a dealer at less than the market price and whereby the car is said to have been transferred by the dealer to King personally. 2. Alleged refusal of Dr. King to increase the salary of Louis Geupel. formerly a health board engineer, after the board had ordered the salary increased. Also alleged failure of King to make other salary adjustments ordered by the board. 3. The report that health board employes worked as house servants at Dr. King's house. 4. A charge that King has made a practice of signing vouchers as head of the board and then countersigning them as secretary of the board. 6. A trip to St. Louis made by King and other health board men which is said to have been made over the objections of the board. 6. .A charge that King is receiving a salary from the Government for reporting births and deaths in addition to his salary as secretary of the board.

LIQUOR CHARGE TERM Man Also Draws 1300 Hue From City Court Judge. Joe Zein, 405 W. Regent St., was fined S3OO and given a sixty-day Indiana State Farm sentence on a blind tiger charge, by Pro Tem Vinson Manifold In city court today. Deln was arrested Wednesday after a man told police he had bought liquor of him. A small amount of liquor was found at Dein’s ho mh. It was said. Zeln also faces charges as the result of discovery of liquor on an island In White River by police about a wek ago. He swam from the island when the raid was made. KEARNS LEGAL MANAGER Says He Signed Contract With Rickard That Will Hold. Bu United I'rrua NEW YORK, Dec. 31.—"1f Jack Dempsey ever meets Harry Wills, the fight will have to be staged in New York by Tex Rickard,” Jack Kearns, “legal manager” qjf the champion, said on his returfi here from California. "I am still his manager, and I signed him to a contract with Rickard, and It will hold in any court,” I he said. Kearns denied he has made peace with the champion.

WATER CHJ§ HERE IS L(M SURVEY sn City Boasts Chcape£g Than in Other * in w.i tor rates *” (lie i \ rr.ii both ;.r ii \ ' l ' \\ fni lmt Ii meter .in.l !l;it •ne Jll \\, ■ i ti;.hi : lit* r.i'i.ißlMpi Flat rate service for^WJjgls /' modern service for lift) foul front sl(Mil mi Indianapolis. 'f ; the gcneial average „f s2l iHBH other 286 cities. MH|H <*n meter rate, domestic YjMfn era here pay 25 6 cents per 1 lons fur the firsl 7,505 In one month, while Ihe 20 rents. The general 1 age. however, Is 25 I rent-, lower than Indianapolis. HH Slums .iin) smaller Indus' sl4 53 per 75 gallons usod^H" month, rump.ireil to sllO3 average jjHH Iridi itiapoll-i Industries and pay $118.93 for the llrst lons used In one month. general average Is $121.03, $2 10 more than Hie local rate. HR Really big users, such as Four shops at Beech Pennsylvania Railroad shops, dyke ft- Marmon, the stock y;V|K Ihe ciaypool Hotel and Ute second and subsequent of gallons at a much cheaper Ham other Indiana cities or theH erago of the 287 cities. The rfl for Indianapolis in this clou ■ SBO, for Indiana (average $85.33 and the general $102.44. Indianapolis gets its filtered and chlorinated, only a comparative few water given i,nth I rent menl s. HH Tho a \ or. igo met or rate for Me- use tri Indiana towns where the water plant is ly operated is 23 cents. of towns and cities where privately owned is 31 cents. ' erago rate of Indiana cities die supply is filtered Is 29.4 cJB.% FIKANCE GROffl TAXES NO STeI Does Not Act on Salary cl Decision. 1 After a forenoon s|>ent minor matters, State finance miltee members said at noon tcH that nothing had been done regH lng the decision of Judge IlarryH Uhomberlin, holding that the ccR mittee had gone beyond Its authj Ity In reducing public service cfl mlssionerg’ pay from $6,000 to $5,1 a year. 1 Some members seemed to be of tl opinion that to appeal from the and clslon would put them in a woR light. Several State officials, rR satisfied with action of the comiH tee attended. Among those who cl ferred with the committee wl Everett L. Gardner, State conaerß tion commission member, qR Charles G. Sauers, assistant I rector: Dixson H. Bynum. StnteH dustrial hoard chairman; David nings. State securities commlssioH Mark Rhodes, State autonußii license department munager, aul State Auditor L. S. Bowman. Six extra employes were aJlowei the automobile license departmen during the present rush. HOCKEY VICTORY Bu United Press k NEW YORK, Dec. 31.—Shot! Green’s goal, after eight mlnutJ of play in an extra period gave tl New York Americans a 2 to 1 vio| ry over Toronto St. Rats In a isl Monal League hockey game £■ Green scored the other goal H New York, and Corbeau scored the St. Fats. H

Births HH Girl* ’ Leslie an 1 Lanina Moans .39 N. Arthur arid Nellie Tamr'man. 1204 KTes* Melvin and Grace Bivens. 340 S. ißx born. A mist oat ous and Bessie A postal 1351 N. Tuxedo. Raymond ami Myrtle Fills. Hospital. .liilm and Anna 9h<Ttmin. 305 S. Patrick and Hannah Doherty. Hospital. Artie and Mary Owen. Mol Aria'll and Sally Plasters. Hospital. bFmtS Clarrnre and Helen Koineyn. Hospital BH^Hj k Edward and Sarah P.u-ry. 1034 Alonzo and Marie Archer. 8 W. Arthur and Mildred Italic. 416 coma. James ami Lois Rilev. 1873 Calvin mid Nellie CUnrston. I62^^^^| Otis and Auerusta Keys. 3647 western Deaths Frank Jones. 73. city hospital, sclerosis. B|^BB Habi tte Goins. 9. city hospital James 1* Monachal). 61. 2852 Jersey, ehrorr.' myoeai'ilitis ffflMlfflPßßs Melvina McDonald. 62. 1515 PI . i-erebral heinorrhare. awmwiiWK Wii'lmn David Culbertson 74. 2^| s . # Meridian ••hronie Intermitis! Alv.i Thomas Bray. 4 7. 53)1 N influenza. Henry J. Elfers. 84 120 N. < hronie myocarditis Ulysses Mtehener, 53. city teiiosolerosla. ' Valentine Hicks, 46. St. VinosM pital. striinyulated hintia. H9H Mary Amies MeDonel). I. 2028/ side Dr. lobar pneumonia BHB Woods M. Wlille. 39. 315 LansliU. raonar.v tuberculosis Thomas J. Dickson, 73. city arteriosclerosis. BB| A. H. Wilson 85. 943 N. Ikfltt broni lsj pneumonia ■■HU Rose] 1 a Ashton, 60. 2915 8 Hast, tieaemia. '.I > Joseph Li I lard. 10 months. 722 N. smiri. broncho pneumonia 88 Samuel Paul. 95. 1369 Noixlyk*, bral hemorrhage. V William Hicks. 37. 3316 Prospect* lofca| pneumonia. IB Geonre Philip Schmidt. 50. 12QB hi State, chronic myocarditis W Jennie Batrshaw, 61, I'.l Brirtg*. ,c| cinema. B| James W. Barrett. 45 Wunl Baaatoriaml peritonitis. " '?'■ Jessie J. Hill, 79. 2344 Hoyt. chrtHtfte | terstitial nephritis. 8 For Boys’ and Glrla’. ANTI- M DARN HOSE. Guarantead three fl months. Three <to e I pair aPI.UUH GmwßkMm ■ Where Washington Cross-* Prltsinl