Indianapolis Times, Indianapolis, Marion County, 18 December 1946 — Page 13

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5 C. 18) 1946

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14x10-Foot All Dried Lumber, Casement Windows, Door, Flower Box, 210 Lbs. Shingles Included. As Illustrated.

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indows and door rage, office, shop, poses.

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of Genuine suilt by Con-

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Forest Manor bout Genuine

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Rl ley 7531 for 30 Years!

WEDNESDAY, DEC. 18 1046 :

s THE INDIANA

A Corn Wheat » TAX COMPUTATION-FOR PERSONS NOT USING TAX TABLE ON PAGE ¢ y ! 1. Bocer amount shown in item 6, page }. This is your Adjusted Gross Income : . s 1 Eater DEDUCTIONS (if deductions are itemized sbove, enter the total of such deductions; if adjusted gross income (line 1, | « arvests et above) is $5,000 or more and deductions are oot itemized, enter the standard deduction of $500)....eerees edhinnmans | omsmmmmim——— ; 3. Subtract line 2 from line 1, Eater the differcoce bere. This is your Nec locome $ “ . 4. Enter pour éxemprions ($300 for each person whose name is listed in item 1, page 1) or] $. Subtract line 4 from line 3. Eater the difference here - $ - | | 6 Use the tax rates in inseroction sheet to figure your combined tentative normal tax and surtax 00 amount entered oo wt | lise 5. Eater the satative tax berg. (Uf line 3 above includes parcially tax-exempt interest, seé Tax Computation Previous Top of 1942 losernctions) : : s » Ve Upped by 2 Per Cent 7. Borer here 3 percent of amount catered an line - — 8. Suberact line 7 from line 6. Enter che difference here, This is your combined normal tax and surtax, (If alternative tax By GRANT DILLMAN . computation is made on separate Schedule D, eoter bere tax from line 12 of Schedule D) $ wed|

United Press Staft Correspondent WASHINGTON, Dec. 18. — The

staggering size of the nation’s 1046 crop production today increased the possibility that the government may -have to earmark large

OF YOU USED THE $900 STANDARD DEDUCTION IN LINE 2 DISREGARD LINES & 10, AND 11, AND COPY ON LINE 12 THE SAME FIGURE YOU EXTERED ON UNE &

9. Roter here any income tax paymedes to a foreign country of U. 8. possession (aceach Form 1116).....| &

1Q. Bater here any income tax paid at source oo tax-free covenant boad interest 11. Add the figures oa lives 9 and 10 and eoter the total bere | 12, Saberact live 11 from line 8. Edter the differcoce bere sod in item 7, page 1. This is YOUP LAX weeeemsecamenmmeonesncnmssncass| § |

sums next year for price support. The agriculture department said total crop productign this year was the greatest in history. Output for 1048 topped the 1923-32 pre-drought average by 26 per cent and the previous 1942 record by 2 per cent. Production of the eight major grains alone totaled 162,500,000 tons, assuring the nation its most liberal food and feed supplies on record. The output of fruits and non-food products also was well above average.

personal exemption extends

Housing Preject Bogged Down

Plenty for Export

Agriculture department officials Lack of Plumbers said the record yield would make |

Halts Construction it possible to meet domestic food |

pebiti { Lack of plumbers today was reReeds, rebuild the stockpiles. de- sponsible for the bogging down of

ARITHMETIC MADE EASIER—A major simplification in the current standard income tax return, form 1040s in the section reproduced above.

compute a single taxable income,

|Streamlined by New Law

This year the $500 to both normal tax and surtax, thus making it possible to

Income Tax Form 1040

~ .

I's Easier to Figure With One Base Used; Life Insurance Receipts Now Exempt

By 8. BURTON HEATH NEA Staff Writer

ik WASHINGTON, Dec. 18.—A new income tax form, made possible In|

POLIS TIMES

Business—

Demand Flexible

Electrical Workers Ask ‘Substantial’ Hike

PITTSBURGH, Rec. 18 (U, P.)~— The executive board.of the C. I. O. United Steel Workers union presented to its 174-man wage and policy committee today the framework of wage and other demands for its 850,000 members, v The steel workers did not propose a uniform wage demand, but will base its arguments on the willingness of each steel company to make concessions and ability to pay.

However, it was learned authoritatively that the steelworkers may file strike notices against 44 large steel companies about Jan. 15, when the new negotiations begin. A union official said the 30«day notices would be “handy to have on hand" if negotiations are unsuccessful, The United Electrical, Radio and Machine Workers union executive board, meanwhile, recommended that contract negotiations be start ed with the major electrical companies next month to gain *“substantial increases.” A third member of the C. I, O.'s “big three,” the United Automobile Workers, already has announced it will seek a 23.5 cents per hour wage

poost. The steel workers and the elec-

pleted by last spring's fight against another veterans housing project part by a new law, will be used this year by those taxpayers Wha cannot |irieal workers apparently - deter-

hunger and export large quantities in Indianapolis. of cereals overseas. | Winter winds are whining through Another big yield in 1947 coupled unfinished dwelling units for 48

with a large carryover from the 1946 crop would force the govern- - mento take prompt action to carry out its promise to support farm prices. at 90 per cent of parity for

two Years after the EEIEeneY. until plumbers install their fixtures Record Corn, Wheat Yields | {and pipe and complete ‘sewer sysThis year's big output was topped ' tems. : by all-time record yields of corn | Aren't Available and wheat. The corn crop was And Forrest M. Logan, works di3879 bushels eoniPaled with! rector for federal public housing e previous record of 3,228,000,000 authority here, says there aren't

bushels in 1944. any plumbers available.

The wheat yield of 1,155,715,000 Adi ; 4 HOEY The buildings will have corrugated bitshels compared with last year’s iron or aluminum siding, oil space

output of 1,018224000 bushels—the heating, oil hot water equipment

previous all-time record. and electric eooking units. Indiana's corn crop, although Tyndall Towne, veterans housing huge—was below the government ,roiect at Stout field, still has not estimates of Nov. 1, when a har- .ecovered from the “plumber shortvest of 328 million bushels were pre- 4. » dicted. Only 321 million bushels “It should have been finished long

was harvested in the state. |ago,” members of the mayor's ad-

visory housing committee asserted

See New Drive “Now it looks like it will be next spring before the work is done.”

On Minimum Wage Mr. Logan reported that

WASHINGTON,. Dec. 18 (U. P.).!more units were to be ready for —Some government officials said to-!occupancy today and 20 more next day they look for the Truman ad- week. Nearly 400 persons ministration to renew its drive for housed in the preject at present, a higher minimum ‘wage.- At the

the emergency housing project of Indiana University medical center.

igan st. near White river, No more construction can be done

[from their employers until well would be virtually | The project is located on W. Mich- along in January. The bureau of state a formula, understandable to Local Produce | internal” revenue

ling, in particular, [to file as early as | possible, with the

eight |

are | plified.

| —or choose not to—use the withholding statement as an income tax oy -

return. 7 These can be filed at any time after Jan, 1 that you choose.

8o, |

{most employees will not get them] . impossible to

the ordinary person, by which filing requirements for those on the bor-| derline could be defined accurately. Since last year the regulations on! | deductions and exclusions have been | I'chayiged in two ways that will help | | many taxpayers: | ONE: Income from life insur{ance, received because of the death) fof the insured, now'is completely {tax exempt whether you take it in| TN {a lump sum or in installments.| | Previously, installments had to be! |ceived. The new Mr. Heath | treated as annuities, and tax paid Form 1040 standard return 18 on what was regarded as the “in-| simpler, on the whole, than it ever terest” element. Now that has {has been since the income tax got |peen given up. itself all wound up in red tape. TWO: You now can deduct as a One feature has been added 10|mjscellaneous expense—if you take {the 1945 return: This year interest|your. own deductions — anything and dividends must be reported | that you paid a lawyer or an acseparately, as income, instead of | countant to advise or assist you in lumped together. | preparing your income tax return. ! But the real headache of any in-| | come tax return, the computation of | {the tax itself, has been greatly sim-|

is urging all’ who have refunds com=~

promise that refunds—subject to later audit of the returns — will be mailed as soon as early personal retens are re-

Strikes Cost $998 Million

NEW YORK, Dec. 18 (U. P).— Up to now, ever since the surtax|The American Economic foundation

The FPHA official alspiannounced was introduced it has been neces- estimated in a report today that

same time the administration is ex- that work will begin the first of the sary to compute one tax base for| American workers lost $998,640,000 pected to seek a limitation on the year on a project for 96 families yormal tax and another for surtax,/in wages through strikes from Sep-

retroactive liability of employers of Negro veterans in Belmont park under ghe wage-hour law. m- asthe: qn sone S———— President Truman twice urged the last congress to raise the minimum wage from 40 to 65 cents an hour but without success. A group of

New Firms and Partnerships

Democratic congressmen is urging ob Burner Co. J N. Kenwood’ 3 3 1 g a v 5, N him to try again. 1 OlL buthes. rold 1 arris, 2202 er ———— - Wayside Floral Gardens. 7100 Pendleton . { pike. Nursery. ym. R. Cooley, R. R, 12 Strikes at New Low Box 1 4 . Hoosier Serenaders. 8 BE Market st, 302 WASHINGTON, Dec. 18 (U, P.). Musical entertainment. Von Scherb. 3139 iav N. Pennsylvania st —Workers on strike today totaled a SCE ed - 3 "he Veterinary Clinic, 143 ; jd st 59,000 — lowest number since the praciice. of veterinary medicine. Wendell war ended. Labor department 3 PP & Donald W. Pratt, Jonesboro, 1 na. sources said that only 10 of the p.. puking Lot. 418-20 N. Delaware strikes ih progress involved 1000 st. Auto ear parking. Richard K. Munter, 19015 N. Delaware st: Louis L. Mun-

workers or more. Most of the 118. “ja1s N. Delaware st: Frances M

walkouts involved fewer than 100 Lewy. 951 E. Hyde Park blvd, Chicago, Til J Original Displays, 2149 College ave persons, | Makers of paper mache displays Miss Ri a al a N. Blackley, 8095 Morningside dr.: Miss . Katie Hoplins, 832 N. Wallace, Miss Anne \ Steinmeis; +115 E. 40th cel Output High Richardson Bros. Contracting Co., 665

- E. Ninth Building contractors Cur EW YORK, Dec. 18 (U. P.).—| Richardson, 665 E. Ninth; N, Richardson, ast | R. R. 11, Box 294-M e steel and both coal strikes cost| ™ p55 {oot #1 Merchants Bank bldg me 16 million tons of steel this! Women's apparel stores. Consolidated Re-

year. But the industry still will ail Stores. Inc.,, 701 Chemical bldg. St produce some 65,900,000 tons or more | —— a in 1946, the magazine the Iron Age INDIANAPOLIS CLEARING HOUSE sald today. Rh I

and figure each tax on its own base tember, 1945, to September, 1946,

before adding them to get a total WEEE 5 Per Cent Reduction Local Issue Now the personal exemption of $500 per person has -been extended | Nominal quotations furnished by JIodi-

. | anapolis securities dealers; o both types tax, so that it is y : i 1ypes of STOCKS

{

possible to compute a single’ taxable ; Bid Asked income, and either take from the [Agents PF Corp om reeries 5 Tha table or figure a single tax on that |American” States pfd .. 24 “nr American States cl A.. 33 ee income. L B Ayres 412% pid... 108 : ed . , {| Ayrshire Col com ...... «32 357 This makes it easier than last year | gle RE Yar uxt 32 36 even to use the tax table, in the Beit R Stk Yds pfd ... . 60 .“ : R 11 4%% «15 case of married couples where each | Bobo Meni le 16 has income—and infinitely easier to|Central Soya com ........ 341, 36% . | Circle Theater com., . 6 compute your tax if you do not use | Comwlth Loan 4% pid ...... 99 103 3 Consolidated Industries com... 1 14 , the table. | Consolidated Industries pid... 4's ©, : When you get your tax all figured, | Cons ma Corp pfd............ 97 i *Delta ectr COM v2 uinsners 6 there is a new 5 per cent reduction | giectronic WB a 2 . 1 g o Ft Wayne & Jackson RR pid. 96 09 that can be subtracted from it. Her ones ol A oy ba. 0 Ti It is estimated that these changes| Hook Drug CO COM :.-vrunws MY ied ‘ WW nd Asso Tel Co 2 pid ss 3 will relieve some 12,000,000 persons ing & Mich Eiee ao pfd.. 1a 1101 — ’ $s vea {Indpls P & L com.. '....... 2814 29 from paying. any tax this year. *Indpls P & L 47% pid 108 © 110% Must File if Incomes Is $500 Indianapolis Water pfd,..... 106 . Indpis Water ¢ 2 21 But the bureau wants it under-|Indpic Railways it 1 INS ile . ' stood that these people still must|Kingan & Co com 57% Kingan & Co

[file a return; so long as their-in- | comes were as much as $500 each. | The reason for this is that it

pfd...... ses B | “Lincoln Nat Life §'; pra... 55° Marmon-Herritigton com .... Lincoln Loan Co 5% pid | Mastic Asphalt vive Fn —__ | Natl Homes com

{N Ind Pub Serv 5% ... N Ind Pub Serv com .

10,000 SHARES

"INSURANCE CO

(An Indiana Corporation)

PREFERRED STOCK

$10 PAR VALUE

quarterly dividend payable April 1,

And Accrued Dividends from Jamuary 1,

to Yield 4.8%

Offers and Sales Made Only to ‘Residents of the State of Indiana

AMERICAN STATES

Entitled to eumulative dividends at the rate $1.20 per annum payable quarterly on the first days of January, April, July and October, next

PRICE $25 PER SHARE

—————

gata 97 | Ross Gear & Tool com 30 . Bo Ind G & EB 43% pid...... 110 112

Stokely-Van Camp pfd OT | 23% Stokely-Van Camp com

Terre Haute Malleable

|*U 8 Machine com.. 2 4 | { United Tel Co 5%... "ree {Union Title com . BONDS American Loan 4's 60... .,. 97 wens | American Loan 4's 58....... 97 “ee { Buhner Fertilizer 58 54 «9 h of Com Bldg 4':s 61..... 96 . Citizens Ind Tel 4'3s 61......103

Columbia Club 1'25 58 .,.... 86

MPANY

| Consol Fin 5s 66 vk 97 eid | Hamilton Mfg Co 5s 56....... 97 ‘en Hoosier Crown 5s 56 87 “ee | Indpls Brass & Alum 5s 56 97 X Indpls P&L 3'4s 70 «106% 107 Indpls Railways Co 5s 67... 85 20 Ind Asso Tel Co 3s 75 .. 104 >a . {Investors Telephone 3s 61.... 96 " Kuhner Packing Co 4s 54.... 99 3 IN Ind Pub Serv 3'as 73 ......108 107 Pub Serv of Ind 3's 75......105% 107% Pub Tel 4'i:s 556 100 an willlamson Inc 58 85 ........ 87 “ Trac Term Corp 58 57........ 94% 08

*Ex-dividend.

1947.

1047

mined to see what effect the demands of the U, A. W. would have on the automobile industry before

families and 96 single students at for that matter, can the withholding statement returns, except that announcing any specific wage re-

quests.

PRICES. FOR PLANT DELIVERY

Poultry: Springers, friers, broilers and roosters, 30c; Leghorn springs, 30c; stags, 20¢

Butterfat:

Eggs: Current receipts to case grade A large, 45¢; medium, 38¢; B large, 36c; no grade, 25¢

Wagon Wheat

Neo, 1, 83¢c; No. 2, 80ec. 54 Ibs

16: grade

Indianapolis flour mills and grain ele-! God and choice

vators are paying $2.22 per bushel for No 2 red wheai, new No. 2. yellow, cor er bushel, and No. 3 white, ushel: oats seating 34 pounds or better, 80c per bushel; 0. 3 I 14 per cent moisture, $2.80.

$1.37 per | Feeder

vellow soybeans,

| catching u below the peak when ceilings were lifted. Steers and heifers were steady to

Vealers were about steady with yesterday's general trade,

Packing Sows

CATTLE (1508)

| Record Crop Production May Bring U.S. Price Supp

. . .. |Hog Prices Make Biggest Steel Union Wage Dip Since End of OPA

Hog prices broke sharply today in the greatest dip since the death of OPA. 4 Prices were off a full dollar early with late indications showing a trend that they would drop further.

Packing houses were said to be

on back orders and were offering for lower prices. in Poland. she ueraded ‘a | The drop brought prices within about $5 of OPA rulings and $7 to $8 5 -

Pianist Rubinstein's Mother-in-law in N. Y. NEW YORK, Dec. 18 (U. P).~ Mrs. Anna Miynarski, 60, widow of the director of the Warsaw state ) opers and mother-in-law of pianist | Artur Rubinstein, arrived in New | | York today. During the war years i

peasant in order to help Polish sols

Cholce— 700- 900 pounds $00-1100 pounds . 1100-1300 pounds .. 1300-1500 pounds .... Good 700-. 900 pounds 800-1100 pounds .. 1100-1300 pounds .. 1300-1500 pounds .. Medium 700-1100 pounds .... 1100-1300 pounds Common 700-1100 pounds . H

| Cows (all weights)

800-1050 pounds

Good 500- 800 pounds . [email protected] | liner Drottningholm. She was met one-quarter lower while some late| 800-1050 pounds + [email protected] by Her son, Bronislaw, whom she g Medium — ’ : y ' Sales hn ene » to h sents 500-1000 pounds 12.30014.00| had not seen ince 1039. Her fam off. Fat lambs lost 2% 10 50 cents oommen... ily had given her up for dead after also. 500- 900 pounds ............ 10.000 12.50 .

0 SHEEP (1000)

dlers escape the Germans, !

1650817.00| Mpg Miynarski arrived on the

the German invasion of Poland. She moved to a peasant hut and tilled a small acreage in order to Lf

7] Closely sortad VIER 3 pie Good and choice 00 escape attention while she fed GOOD TO CROICE HOGS. (éT9) Medium and good .. 50 Butchers COT as 2 5.50 | clothed, and arranged the escape 120- 140 pounds ......ceeve. $21.20@2175 “, » 140- 1 pounds .. . 231.50 Bh Good and Eg am 4. 7.50 of many, many of our Polish boys, Common and medium. ........ es s.00' she said.

Good to Choice. Underwriters and Distributors of Investment Securities 300° 130 pounds Brokers in Securities and Commodities 30 Ji . 395: 199 Pounds Cirele Tower “Indianapolis ¢ Coo: 150 pounds .... Telephone: Market 6301 a0 390 pounds ,. « [email protected] 250- 350 pounds ....... ‘ [email protected] a en Ten 0. J. Horpex, MANAGER Medium to Good J0- 120 pounds... [email protected] Offices in 88 cities interconnected by our

~ Merritt LyNcH, Pierce, FENNER & BEANE

private wire system. Outstanding securities research information available.

and Repairing

600- 800 pounds ...........s i sesnsnss wes BB 2.00 | Gog. Pou atten) OPEN TILL § #. M. EVENINGS UNTIL CHRISTMAS 1 : 600- POUNAS +isessensess 3 h 800-1100 dB ..iviensense 18.304233.30 . Medium a wibi. * Watches - * Radios * Costume Jewelry * Pho- J 500- pounds i... Sasanes ; ' -— » * 7” Comat? 8 TI ma nograph Records. Record Players. Pen and

Good . 14.00G:18.50 \ [Socd ; sieve 12 14 ® GAVETING CARDS TOR ALL DIAMONDS SOLD 8 Cutter and common .... @ a __OR_BY APPOINTMENT | Canner erstuseeesriave BADE B30 USE OUR LAYAWAY PLAN NOW FOR CHRISTMAS Bulls (all weights) Beef— J | Good (all weights) ....... [email protected] | yy Bausage— rat ’ Good AAARA AARNE OA [email protected] | Medium inns isuae 125001450 Cutter and common [email protected] Ea CALVES (400) { " . [email protected] | oF’ F Coinmon and medium 13.00 26 50 | . > n. $1.22 Cullis (78 pounds up) ‘.. [email protected] ~- m . and Stocker Cattle and Calves 2230 SHELBY ST ye GA. 3707 | Cholee— RNER SHELBY ) 1198) | 500- 800 pounds ............ 16.50011.5%

Pencil Sets. +

Diamonds Reset and Cleaned

417 Circle Tower

Detember 18, 1946

The American States Insurance Company, a general casualty insure ance company, was incorpdrated in Indiana on July 15, 1929, by Dudley R. Gallahue, president, and Edward F. Gallahue, secretary and treasurer, for the purpose of writing automobile, compensation, gen eral \ liability, burglary, and plate glass insurance. The company {is also licensed to write health and accident, fidelity and surety coverage. The offering prospectus states further important information and should be read prior to the purchase of this stock. All legal matters in connection with the sale of this have been prepared and approved by Messrs. Barnes, Hickam, Pantzer & Boyd, Indianapolis counsel for the company, and Goodrich & Campbell, counsel for the underwriter.

PROSPECTUS FURNISHED UPON REQUEST

Incorporated 1924 : ‘INDIANAPOLIS

! Member Chicago Stock Exchange ;

CITY SECURITIES CORPORATION

LL 5535

GRAIN DEALERS MUTUAL AGENCY, INC.

1740 N. Meridian BE Co WARMED :

- Awe

‘Lots of people have their hands full this time of year.

For us, December 24 and 25 are always busy days at Long Distance switchboards — and they will be

busier than ever this Christmas.

Please go easy on Long Distance over the holidays]