Indianapolis Times, Indianapolis, Marion County, 4 September 1942 — Page 26
CENTS
Co's _— Yesterday. ‘One of the hams was a gift to ‘Governor. Scricker. : President W.:R. Sinclair of Kingan & Co. said that, on the: basis of 250 pounds per hog, the company has bought 250 million pounds of swine from Indiana farmers in the past 10 months, of which ‘about 170. million pounds. of was pork and lard. Mr. Sinclair pointed out that - there is plenty of meat for any ordinary year but that govern-
[107025
| Top Advances to $14.85 as 9125 Porkers Arrive At Stockyards.”
Hog prices advanced 10 to 25 cents ‘|at the Indianapolis stockyards today. the agricultural marketing administration réported. Weights over 160 pounds were 19 |cents higher than yesterday while
Conversion of Indiana Limestone Mills ;
To Making Tanks Was Not an Easy Job | iiarapolis Real Estate
Board - Charges Rates “Terribly Unjust. ?
By NOBLE REED » Revision of the entire present system of assessing real estate for taxation, including elimination of all township machinery, was advocated before the county council
By ROGER BUDROW —
WHAT DO YOU MEAN BY “CONVERSION?” We| hear that word used all the time but just what does it in-| | Volve, this changing over to war work? : Last night at Bloomington I:found out what itereally ) ans. David Wylie and Kenneth Cline, president and vice President of the Bloomington ‘Limestone Corp., told the} tatory of their conversion from cutting’ limestone to machin-
i ing parts for M-4 tanks. Early this year they realized that building was on the skids and the limestone business was practically rout” for the duration. So they thought they had | better get some war business. They scoured Indianapolis — no luck. Finally in Marion they got the idea that maybe they could machine some tank parts. They took one of these parts and put it on a machine ‘fhat had been used to cut to $3-16th of an inch. But the tank far had to come within 2-1000ths of an inch. To ‘their surprize they ere able to do it. . But it took some work convincng the tank manufacturers they could do the job satisfactorily. 'The first manufacturer was skpetical, Ir “turned them down. The second : {gave them an order so large it had ' “to be divided with another limetone company. The next day the ifirst tank manufacturer showed up, ‘with a changed tune, wanting them ito. take a sub-contract from him. : Finally they ' figured they could “handle his work, too. . & Conversion isn’t only a wordedt : ib money. In this case probably faround $100,000. But, they figured, paying taxes and maintenance on an idle plant wolud soon eat up * 18100,000 anyway so why not take i. chance? : i learn all over again, how to work with metal. The Bloomington : schools, with government money, ; held classes in such work. It also meant cleaning the stone dust out of those big mills, laying { asphalt over the old clay floors, . finding some new machinery and | ehanging some of the old. In the mill they will proudly show you { & bleaming machine which once: was in the old Stutz automobile ~ factory in Indianapolis. It was pushed back in the corner of a
second-hand machinery dealer’s warehouse when they found it.
» » # CONVERSION also means converting men’s skills and that is a big job. Stone-cutters had to
BLOOMINGTON Limestone Corp. ‘48 working one shift on tank work . now, will work three when all the ~ Machinery gets in. 8ix or seven ‘of the 30 limestone companies around Bloomington and. Bedford {have tank work now.
» » »
THE HOPE to get sub-contracts. * for cargo ships being made down : on the Gulf of Mexico. Tank manufacturing would stop when the war ends but there is a possibility that shipbuilding will continue to replace the several hundrea ships sunk by subs. ge 8 ” MANAGEMENT has heen converted, too. Salesmen have been ‘turned into “sxpediters” to see that affairs between the stone mill and the tank assembly plant are going “smoothly. Last night the training-within-industry branch of the WPB offered its services in training supervisers for limestone companies try‘ing to get war work. Its offer was taken up quickly. Only a few of the limestone companies, because “their mills are open instead of enclosed, will be forced to stay in stone work. The rest are going ‘into war work. » » 8 ODDS AND ENDS: Four million ‘gallons of whisky were shipped ‘from Kentucky warehouses last month, normally a slack period, but that state still has enough to furnits share for a five-year supply normal drinking rates. . . . Bare fpon’s (financial weekly) has reed its indexes, using 1935-39 as period instead of 1923-25. . . . substitute for tin cans has been de of processed corn, flaxseed, low, animal tissues, bone and V. « «+ « Minneapolis-Honeywell , an electronic device to measure forming on airplane in flight i hutomatically starts the de- . « « .» Government geoldgists Oregon's black sandy beaches tain deposits of chromite, magetite and zircon in sufficient ntities for mining.
~. KANZLER GETS JOB WASHINGTON, Sept. 4 (U. P). pduetion Chief Donald M. Nelyesterday appointed Ernest er, former yice president in 2 of production for the Ford DI Co., to be the war production ’s director general for opera- , succeeded Amory Houghton, resigned last week to return
LOCAL PACKERS
Price Violations Claimed; Firms Deny Charges.
named. by the OPA in injunction suits filed here and in New: York. Reportedly at the insistence of the Wasilington headquarters of the OPA, the state OPA yesterday filed injunction suits in federal court here against . Armour & Co. and Stark & Wetzel, both of Indianapolis, and the Kuhner Packing Co. of Muncie. - In New York the OPA filed against Kingan & Co. the largest meat packer in Indianapolis. Early yesterday, State OPA Administrator James ‘Strickland said the OPA did not intend to file any suits against any concerns here because of insufficient evidence but late'in the afternoon the OPA legal division announced its intentions had been reversed and that it was filing the suits. The suits here allege violations of the maximum price ceilings of OPA. William H. Sayder, Indiana enforce-
found that some lower grades of
higher grades of meat.” : Asks Government Grading The New York suit against King-
dianapolis plant where the major part of the concern's business. is done but involves only one carcass of beef sold for $19.60 by Kingan to a New York firm, according to
He said the OPA inspected the In-
and “gave us a clean bill of health.” - Mr. Sinclair was dismayed at the OPA action “because we have tried as hard as humanly possible to live up to the letter and intent of the OPA regulations. Grading beef is a matter of expert judgment. It's
disagreeing with ours, We graded that beef carcass and stamped it a certain grade. Now, anyone knows
can’t be the same grade. Some will be higher and some will be lower. Werner Surprised : “Actually, this OPA action substantiates my contention: that the government ought to take over all the grading. I have thought for some time that this should be done and I believe this affair proves the point.” M. L. Werner, manager of the Kuhner company, said the suits came as a complete "suprise to me. ”
strictly according to printed government regulations to the best of our knowledge and belief and we feel entirely innocent of any violations,” Mr. Werner said.
Supports Sinclair
George W. Stark, of Stark, WetZel & Co. said his company has been makirig a conscientious effort to comply with all meat grading regulations. “The grading of meat is all a matter of the personal opinions of inspectors,” he said. “We believe our inspectors have made a conscientious effort to grade all meats correctly. If OPA inspectors made a different grade that is a matter of difference of opinion on meat.” He said the only solution to the meat grading problem would be assignment of OPA inspectors to grade the meat at the plants as it is sold. “Under that plan, we would sell meat at the grade designated by OPA inspectors instead of cur own inspectors,” he said. Local Armour & Co. officials ‘could not be reached for comment.
LOCAL BANKS SHARE IN CREDIT TO RCA
NEW YORK, Sept. 4 (U. P)— A' three-year credit of $60,000,000 has been established with a nationwide group of banks to assist in financing the war work of the RCA Manufacturing Co., Inc., manufacturing subsidiy of the Radio Corp.|w of America, the company disclosed today. The ‘credit brought. to a total of]. $99,000,000 the volume .of loans arranged for in the past few days by| several war producers. Emerson
Tanged a bank credit of $30,000, Cleveland Graphite’ Bronze Co. has borrowed $5,000,000 from three banks; Carnation Milk Co. has cent debentures with 13 Anstitutional buyers and arranged for the
tidy
NAMED BY OPA
‘Upgrading’ of Cuts and :
Four meat packing ° concerns, three from Indianapolis, have been"
ment attorney for OPA, said “We|4H Can
beef and veal were being graded up-|4™m 2° ward ‘and sold at prices fixed for|am Tob B
an & Co. does not involve the In- 8 h
W. R. Sinclair, Kingan president. |-
dianapolis Kingan plant last week [2%
a case of their (OPA’s) judgment)!
that all the beef in that carcass|N
“We have been grading our meats Un
Electric Manufacturing Co., has ar- to furnish w
tion.
About a month ago the Louisville postoffice suggested to the U..'S. Corrugated Fiber Box Co. of Indianapolis that a good way to save time and trouble in sending packages to the boys overseas would be tc design special boxes .and: sell them right at the postoffice. : ‘The Louisville postoffice is still. waiting for the gréen light from ‘Washington on this idea. But the Indianapolis -box - manufacturing , eoncern went ahead and designed the ‘boxes. In all probability, they
won't be sold directly to those wanting to send Christmas present but will be furnished by: downtown stores to their customers. : The box shown at the left in ‘the photograph is for overseas shipments. Being in two parts, the lid can be lifted easily for military inspection without disturbing ‘the contents. The other big box is “for shipments to camps or bases in this country. Another box was designed especially for sending a book and the other will hold six
Mrs. Myrtle Hankins . . . demonstrates new boxes designed for sending to boys in services.
10 or 12-inch phonegraph records. All meet the new postal regula-
- tions.
U. 8. Corrugated Fiber Box Co. is celebrating its 30th anniversary this year. It was 30 years ago that Howard J. Lacy Sr. founded the concern which has since expanded to include four other branch plants, at Wheeling, W. Va., Buffalo, N. Y., Dayton, O., and Knox, Tenn. About 200 are employed at the Indianapolis factory at 1409 Roosevelt ave., and 550 at the other four plants.
: Net Last. Change
13212 .... + %
23% Fh By vere c+ Ya
High
Allied . Shem ... 132% 3%
b
[+++
]
Chrysler Comwith & So.. Cons Edison .. Cons Oil’
Curtiss ‘Wr... Dow Chem ... Pont
Fil He
a
ide
-
. . . A at @a-a Be
id 4
ttl) : o
14]
11
hy
F141:
U 8 Rubber .. U.S Steel .... U 8S Steel pf... Warner Bros .. West Union. .. Yesting El ... 7 White -Mot .. Woolworth .... 28% Yellow Tr .... Young Sheet .. 20% Zenith Rad ... 14%2
=i:
I+:
Bank Approves Ruml Tax Plan
NEW YORK, Sept. 4 (U. P.)— The National City bank, second largest private banking’ institution in the world, today advocated a pay-as-you-go tax plan such as that proposed by Beardsley Ruml, treasurer of R. H. Macy & Co., and chairman of the Federal Reserve Bank of New York. “That an adjustment of some kind to a pay-as-you-go basis - is needed has become increasingly evident as the war tax program has advanced,” the bank said in its monthly review of economic coniyons,
N. Y. STOCKS
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday ...c..cceen Creasey 106.34 —0.15 Week AO ...ccosescsscasacss 106.28 0.20 Month Ago .... +0.25 Year Ago 0.34 High, 1942, 114.22; low, Tei High, 1941, 133.30; low, 106.34.
Yesterday
vi | Week Ago .........
Month Age
| Yoar Age ..i....ciannn Sines
, High, 1942, 29.01; low, 28.31. ' High, 1941, 30.88; low, 24.25.
‘1; | Yesterday . s | Week Ago ...
Month Age oie
+ | Year Age
High, 1942, 14.94; low, 10.538. . High, 1941, 20.65; low; 13.51.
Complete New York stock quotations are carried daily in the final edition of The Times.
«SCHEDULE HEARING
FOR SERVICE FIRM
PHILADELPHIA, Sept. 4 (U. P).
4 —The securities and exchange com-
mission today set Sept. 11 for an
4 |opening hearing on amendments filed by the Midland United Co., concerning ' changes in the opera-| Deal “| tion and conduct of business of a ‘5. | subsidiary service company, Midland
Stock Transfer Co. " It is proposed that Midland United
*| sell the entire $5000 outstanding
common capital stock of Midland stock to three subsidiaries for $3450 cash and 6 per cent interest on $5000 starting December, 1941, The subsidiaries are Northern Indiana Public Service Co., Indiana Service Corp., and Chicago, South Shore and South Bend Railroad. The second change proposed that the service company add to its list
companies, Midland United, Midland Utilities Co., and Indiana HydroElectric Power Co., affiliates. The statement indicated that the Public Service Co. of Indiana, Inc., and West Ohio Gas Co., have or will cancel their contracts with Midland stock. The effect on the
reported. hearings will consider,’ among other
cumstances there is reasonable justification for continuance of the service company.” .
Utah Power & Light Co. June net income $141,670 vs. $173,888 in the 1941 period.
of patrons, beside the three owner |S
service company’s business was not| Home T&T Ft {Ind The commission said that the n
things, “whether under all the cir- K
The Penetryn System, Inc., Ohio corporation; admisien to Indians to engage in Jasonty repai y Mig. Co.. Evansville; preliminary dissolution. Crystal Chemical Ca., Summitville; dissolution. Phi Mu Realty Corp., 104 B. Kirkwood ave,, Bloomington; agent, Wm. B, 422 8S. Walnut st, Bloomington; shares first preferred and 50 shares second preferred of $100 par value and 300 shares common no par value; Charlotte M Wayne & I B. avis, William B. Adams.
ae Cedar Lake; change!a of sarees os og Shores, Lake County,
In Service: Fuel and Supply Co. Wabash: ch of agent to Vera Irelan, 180 0 Ferry st. st., Wabash irmount Water Co., Ine. Madison; agent, Howard S. Moett, R. 5, Madison; > shares without par value; r to City of Madison; Howard S.' Motors, Robert A. Swan, Curtis Marshall, Carnation Co., ware corporation, | 1 and articles of t. The J. and M. Co., Inc, 10%2 N Main st., Limon, agent, Bert ‘Johnsan,
same : address; . 1 00 shares no value; Bert Jennson, Chas. H.° ‘Meurer, Grace Hon, r Chemical Works, Inec., Lafayet e: or! AO Aa ie,
‘ Elecrtic Hammer “gm Jeffersonville, el dissolution Hr a am, ie 8: Jn Suansty same address, 1500 shares Class A A of $20 BAL val nd 10,000 shares Class Bw a ‘out ‘par value; insurance agency; White, R. H. Faulkner, B. J. PE Steelcraft, ne. Michigan W bit DiEa abe Se
A
R
certificate of Jeurument of preferred stock
Bens Incorporated, Mishawaks, dissolu-
City. dissoluPt. Wayne, dis- |
INCORPORATIONS
Pauly Jail Bldg. Co., Missouri corporation; withdrawa: Triangle a vilction Co., lin poration; admitted ti FLonstugtion I a C.y
ajs coro Indiana to engage
ammond; amendment in-
$100 par valu “Loveless Mining Corp., 108 N. Main st., Evansville; a L. Krauss, 3 E. Powell ave., ; 500 ansres 3 Bir ar value; rge ‘Krauss, ak. Otis O. Borden. t Harrison Electric and wa Co.
: me. C1811 Merchants Bank bide.
t, Jacob 8. White, same adshares of a. par Jalle. vahen McCormick, Fl C.
Porter County Farm Bureau oes tive Assn., pac, Valparaiso amendment shares pre-
polis; a reas; 2000
Ine. ites
par value, and other - ments. ‘Bureau Co-opera-wn Point; amendment increasing’ capital Fraws to 200 shares
aie ue and 32,000 shares i $5 par value, and other amend-
ouse of Camellia, Chicago, Il.: tration of trade-mark “House of Cam: esign, class 6: chemicals, medi
creasing ca ital stock to 2500 shares of |
If you can manufacture any of these materials, contact the war: production board, Circle Tower. building, Indianapolis. Asterisk indicates plans and specifications are on file there.
BIDS WANTED
Invitation Date Bid Number Item Closes Class 51, Sup. 4—Antifreeze Compound for the period te 1, "1942, August 31, 1943 Neg. 2 onioaet ? Sept. 43-309—Steel: hot rolled, flat and round; structural, hot rolled, flat.. 7 Class 67—Feed and Forage for the pe. riod Oct. 1, 1942, to Jan. 31, 1943. 2400-8] Brushes; Calcimine, Hn
24 cn Paint and Varnish.. 2408-S1—Cloths, wiping, cotton (new). 26323-SP ir, arm, upholstered, nels on top of arms, rame throughout 263%4-SF Ol office,” wood; tumer, :
ood 26325-RSP1— Broom Jandes; parlor ta10 or Sha 3ped
—C hardwood hardwood
eat 26329-SP5— Spur- Geared Trolley Hoist, 3-ton capacity, hand-chain-operated 26330-3P]~Rugs and Runners, tapestry
type 2633%:SP¢- Raillvaq Cross Ties, size 6 (7 3 10 in.) 26383-8P3._Uni nits, card file, tabulating, wit, 26323-SPT Electrical Supplies: Meters, transformers, X-42—Caps Cooks’. Gabricated twill oe 1-587 (BE) — Arms, Rocker, duction, Gear Assembly
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities
ealers. Stocks
elt RR Stk Yds com..ce.cns t RR Stk yao Som obbs-Merrill wens bs-Merrill tan pf .. Cirels Theater ¢ Loa
o
Comwlth Haok Drug Co com 2 Home T&T Ft Wayne 7% pfd S51 Ind Asso Tel 5% Dp: 95 Ind & Mich 7% pr Ind Hydro Elec 7% pid Ind Gen Serv 6% pid Idols P&L Bhat e Pid Ingpis 2 P&L c Indpl: Ss Water 3% pid *Indpls Water Class A com .. Lincoln ‘Loan Co 5%% pfd .. Lincol N Ind N Ind
N d Pu Progress Laund Pub Serv of Ind 5% "ord Pub Serv of Ind Inc com
United Tel Lo Ls 54d oo Van Camp M Van Camp Milk yd «a
Algers Wins'w W RR 4%% .. 99 American Loan 5s 51 94 American Loan 5s 96 Cent Newspaper she 42-51 .. » Ch of Com Co 4%s 51.. Citizens Ind Tel 4¢'%as 61 Bl Consol Fin 5s 50 oes Crab lds rayior 4s .. Wayne 5%s 55..
Ss 55 Richmond Water ae 5s 57..105 Trac Term Co rp 5s 67 80 Ex-dividen
increasing ca tal to 400. ferred of fu par value and 22,000 shares! common of $5 amend
10th floor, |
3 Good and choice
| Common—
8 Good and Choice—
2 Good and Choice— 3 Med
$13 2 stags, $11.50. Calves, $16. Lambs,
5 | gilts 10c higher, sows steady; to
$Y
{lighter weights werc 25 cents higher
The proctical top was $14.80 for good to choice 220 in 240-pounders but a few sold at $14.85. : .* Receipts included 9125 hogs, :300 cattle, 575 calves and 1125 sheep.
HOGS (9125)
Good to Choice— 20- 140
Medium— 160- 200 pounds Packing Good and Choice— 270- 300 pounds 300- 330 pounds 330- 360 pounds ...... see 360- 400 pounds
Good— 400- 450 pounds ...eeevseeei. [email protected] 450- 5% pounds Curie Crenens. [email protected]
Mediu 250- 530 pounds
Slaughter Pigs Medium and Good— 90- 120 pounds \ CATTLE (300)
Slaughter Cattle & Calves Steers
. IY 95@ 14.20
. [email protected] 900 pounds ..cesesscess [email protected] pounds y 15 pounds 5 pounds . . [email protected] ees. [email protected] [email protected]
130 )-1500 100-1100 1100-1300 Common— 700- 1100
pounds
eds Seence
Choice— ervasees eese [email protected] Vs do qeans any [email protected]
pounds .... [email protected] pounds ecssssnssases [email protected]
Medium— 500- 900 pounds cccceceecies [email protected]
Common— 500- 900 pounds ens
Cows (all weights)
pounds pounds
Bulls (all weights) (Yearlings Excluded)
[email protected] . [email protected] 8.75@ 9.75
CALVES (575)
Vealers (all weights) lssaien Common and medium S0@14. Cull (75 lbs. up) [email protected]
Feeder & Stocker Cattle & Calves
Cholce— 500-800 pounds 300. 1050 pounds 800-1050 pounds . Medium— 500-1000 ‘pounds ..{@.. eee. 500- 900 pounds
Calves ( Steers)
[email protected] [email protected]
[email protected] [email protected] [email protected]
500 pounds down Medium— 500 pounds down
Calves (heifers)
500 pounds down [email protected] | p, fjum—
500 pounds down [email protected] SHEEP AND LAMBS (1125)
Ewes (shorn)
Good and choice Common and choice
Spring Lambs
Good and choice Medium and good Common
OTHER LIVESTOCK
FT. WAYNE, Sept. . RB llefs— Steady: 220-240 1bs., oes 00-220 1bss, $14. 180-2 Bb} 0-100 1bs., 1. 260-280 Ibs. 3 300-350 lbs. ; 150-160 1bs., $13.50; 130-140 1bs, 100-130 1bs.. $13; roughs, is 28:
5.25@ 5.75
@14 25 12.50
‘25! ’ ewes, $5.50 down. 4
hat CINCINNATI, Sept. (U, P.).—Hogs— Receipts, 4000; all weights a ju id for good and choice 200-240 lbs.; 14060 1bs., gd 160-180 lbs. and 260-280 1bs., $14.60; 280-300 Jos. | 1bs., $14.35; a and $14.10; 140-150 lbs, $13.85 $13.35; good sows, $13.50 down: few, $13.7 Cattle—Receipts, 950; calves, 350; Bs. ket very uneven; some local butchers bidding. fully $1 lower in an effort to bring meat costs down to ceiling prices; most early sales, however, ar steady; bulls showing some strength selling up $11.50; bay beef type calves grading good, $13. mon and medium steers and Deltas, si0g1a. 75; canners and cutters downward 0 $8; bulk of all offerings still in first dh at 11 53 m.; canners and cutters, [email protected]; mmon and medium . bulls, $9.25@10. 75; nD weight sausage bulls, $11.25 down; few, $11.50; vealers steady; ; good and choice, $15@16; out
wn, ; 1200; spring lambs Mostly $14.50 down; few top lots, $15; fat slaughter ewes, 36
WAGON WHEAT
Up to the close of the Chicago an today, Indianapolis flour mills and San elevators paid $1.22 per bushel for red wheat ae rades on their merits). No. 1 yellow shelled corn was 82¢ per byshel and No. 2 white shelled coru, 88c; No. white ‘oats, 42c, and No. 3 red
ENJOY
It's easy to pay my | budget way — by week or month as you arefl | paid. Only ONE aecount for ALL the family.
ment demands for the various |toda:
services are making it difficult to supply all grocery stores with all they order.
'STATE STEEL MILL SETS FOUR RECORDS
CHICAGO, Sept. 4 (U. P.).—The| Inland Steel Co. announced today that three new ‘production records
70|for sheet steel had been estab133!lished at its Indiana Harbor plant.
The crew of a 100-inch plate mill bettered its old "eight-hour record by 1.94 per cent during the 4 p. m. to midnight shift Aug. 13. The former high production mark had been set Nov. 5, 1941. On Aug 19, a 14-inch mill exceeded its former 24-hour record by 6.18 per cent, and at the same
time bettered an eight-hour pro-
duction high by 3 per cent. The eight-hour figure, however, was exceeded the next day by 6.2 per cent. Inland officials also announced the shipment Aug. 17 of a full car-
load of bomb steel, an amount “éon-|
siderably above” any former daily shipment by the company.
ALL GRAINS EXCEPT.
WHEAT TURN LOWER
CHICAGO, Sept. 4 (U. P).— Grain traders were hesitant at the opening of the hoard of trade today. Wheat alone remained firm with a slight fractional gain; other grains eased. At the end of the first hour, wheat was unchanged to up % cent
35/2 bushel; corn was unchanged to
1Z
off 12; oats tmchanged to off Is rye was off 1s to ? 14, and Soyhions inactive. In the September options, wheat was unchanged to up % cent from yesterday’ s $1.202@%; corn was off 14 to 12 from the previous 83% @ 3% oats off % from Thursday's 50%, rye off 4 from the Previous ¢ 62%, ang syybesns inactive.
U. S. STATEMENT
WASHINGTON, Sept. 4 (U. P.).—Government expenses and receipts for the current fiscal year through Sept. 2, com. pared with a year Ren
This Expenses $10, 744. 044.762. 49 $3, 353 es 59 War Spnd 9,728,549,568.65 ,24 Se 72 Roce] ts 3.381, 808,448.1 '871,562,381.89
8. .. 9,360,004,414.30 2,414, 1245,902.70 . 2340 ,271,104.90
rusuros CLEARING HOUSE 13,915,000
ein CHICAGO Store
Open Saturday
8 to
BUY WAR SAVING STR EE
Boys’ Long Pants
~ Sturdy long-wear-ing fabrics. Choice - of colors. All sizes
Special . Others at $6. 45 to $8.95
y. ata A delegation from the Indianapolis Real Estate board charged that real estate assessments for taxes in Marion county are “terribly unjust and inequitable,” The discussion arose during the council's final consideration of a $280,000 request for the first reBeSesment of real estate here in 10
SEs Sadlier, council president, said that the council has no assurance that the $280,000 expenditures would result in any fair reassessment. “It is impossible to believe that qualified appraisers can be obtained next year to reassess property at the $4 a day maximum allowed for the work,” Mr. Sadlier said.
Appropriation Dropped
The council several days ago tentatively eliminated the assessment appropriation and voted formally today to strike it out leaving, how-
in the county general fund to conduct preliminary and experimental work on the assessment next year. “We are not going to give a blank check to township assessors until we know that revaluations are going. to be equitable,” Mr. Sadlier said. ; Carl Brandt, member of the coun=
be eliminated and that one depart. ment be set up to handle the entire county. “I can’t see any sense to the Sys stem of township assessors,” Mr, Brandt said.
Proposes New Board
Councilman Pliny Woodard ase serted that the real estate assess=-
that the time has come to establish a permanent, full-time county .|board to make yearly re-adjuste ments in real estate appraisals. The real estate, board delegation headed by Ralph E. Peckham declared that re-assessment is needed badly but demands that re-apprais-
worse than none at all. B. M. Ralston, real estate man, declared that “inequalities in real estate val uations for taxes are terrible.” Meantime a reduction of 7 or perhaps 8 cents in the county tax Tate for 1943 was indicated as the co cil neared the close of budget hear ings. Budget requests as subinibted to the council three weeks ago called for a total rate of 52 cents. During hearings this week, ‘the
33 council ‘has trimmed more than
$400,000 off the requests with more cuts scheduled to be made this aft4 ernoon.
@ 146 E. Wash. St. |
Night Closed ay Day
Mondh y AND BONDS
17 years.
PANTS
Made for wear. Trim and neat. All ‘sizes 8 to 17 years.$1.49 and $1.98
Boys’ Long School
08:
"So:
® Boys’ School OXFORDS Black or Tan
$1.98
stand the boy will give
Boys’ Cordurey . Finger~
Coase $4.95 Popular tans avd wes, years.
| BIG SAVINGS IF
YOU BUY Now!
46.
's & Young Men’s Sport-Wear! | MEN'S SWEATERS
Button and Slipover styles. | . Cholce of col- | ‘ors. Sizes 34 to
Ke priced at ..... i
Specially
ment problem has become so ‘big
ever, a small fund of about $20,000 %
{
cil, urged that township assessors
;,(als if not done properly would be .