Indianapolis Times, Indianapolis, Marion County, 15 September 1948 — Page 26

Sones Bond EE Dre 5 Sales Exceed Redemptions

U. S. Issues Increase $8 Billion Since War

WASHINGTON, Sept. 5—De-} spite competition from Rw I homes and automobiles, sales 7 A : f : =) U. 8. savings bonds are still run-|Ji Standards here reports: A SHOE POLISH ning ahead of redemptions. Heat transfer, compressive 2

The American public today|® 2 strength and density all increased holds more such securities than

ever before, : a : Advertisement : + ; a Outstanding Series E, F, and bo : has bonds now total more than $52 IS Seay Shs Jo tuo i “hard-wax finish @ billion, an increase of almost $8 billion since the end of the war,

4 The Series J total 8 $31.8 BI “WE TOLD'YQU SO Carmen Torres, Spanish singer, touches 2 TABLETS: To: ‘ GRI 5 Fl N

up her lips daring an interview in which she gave American men a " ; To re CLE NIT whith returns $25 to the owner| big boosf. They'ré the best in the world, she. said, but American y

% Rn gs : ; | after 10 years. 4 women don't appreciate them. LESAN SIT WELLER Yl AFTER ALL, GOLIATH | Total Still Increasing i : —

; ! “We are well pleased that our ] Hl savings bonds totals are still goOUTWEIGH E D DAVI p ing up despite the general de- : cline in savings,” said one Treas- : jury official. “Many people still apparently are able to save.” People able to buy $1000 bonds are largely responsible for the / favorable situation. In June, a Bite sf David typical month, sales of these $1000 bonds brought in- $2 of the giant Goliath with a every $5 received by the govern.

ment, During former years, these o ia familiar to all. Sise ie * fl bonds Jrotueed only about $1 of every $4 Vnot 4 only thing thet counts. Sales of the $18.75 bonds ac"The fact thet you are big and counted for less than $1 out of

every $5 received in June. These bueky; ueuall {small bonds previously had proy oF Wn y strong, duced about $1 of every $3 re3 {ceived from the sale of Series E ‘bonds. The bulk of bonds being cashed {are $25, $50 and $100 ones. Redemptions of the Series E (bonds for the first eight months of this year totsdled $24 billion, five per cent less than was redeemed during the same period in 1047. Sales of Series E bonds in the same period totaled $2.9 billion, an increase of about one per cent over sales .in the same . 1947 period. Exceed Redemptions In August, E bond sales tofaled $334 million and redemptions were $321 million. Bond sales to individuals. are said by the Treasury to be non inflationary--if it did not get the money from individuals it would have to sell more bonds to banks. Arsl bonds held by banks work through a complicated process to increase the money supply. In the past, the Treasury has used surpluses from sale of the “peoples’ bonds” to retire those held by banks. But the period of government surpluses ended with the income tax reduction and Treasury officlals say there is no immediate

prospect for sizable retirements y i ! _ yu i RA . , OD S WITH THE GAS TURNED off

BLACK + SROWN + TAN + OXBLOOD /

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of bank-held bonds—or for further reducing the public ashi.

4 - ii a a “ » gro _ o 3 Bh ¥ : i ] EVOKE ‘DRIVING RIGHTS. : ! 1 Fx A Eade During 1047, approximately g ; : ; : , AND/OR A av wile so Lo vnble 0,000 motorists inthe United A EJ : EE dtates had their driving privileges

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