Indianapolis Times, Indianapolis, Marion County, 20 January 1950 — Page 22

i

. merchandising. There was plenty

Hoosi er Purse

Gross Income Tax Shows ~~ Indiana as Rich Market By HAROLD H. HARTLEY, Times Business Editor GENERAE MOTORS has put a yardstick on our, Later but Bulk » Hopsier pocketbook. | ~~ Of Gains Are Held ' The big corporation has found out we can afford to buy, meg prices today rose 25 tb more cars, so it's turning them out. fully 50 cents a hundred poynds Harlow W, Curtice, executive vice president of (iM, let in, otis ciiye ead in the secret out of the bag at GM's Motorama in the plugh-

Uneven, Active

Market Slows Up

I "fe YINCOLN | and Linco said business looks , + 50 Good He said pink/ Cosmopolitan, Ford's finest cars, ¢ early)

and healthy In Indiana, and Its wi) pe introduced Jan. 27 at the neighboring States; Then be oa Netherland Plaza in Cincinnati how he found ow e Nn next Friday. looking at gross income tax The theme of this year's top a Jtes tale holes 3 Hgts reports. product will be “Nothing Could weights and heavyweights sold! For the midwestern states of- Be Finer." in newspapers, radio, steady to instances 25 ts! Indiana, Kentucky, Michigan, magazines and television. higher. Good and choice How Ohio and W. Virginia, gross in-| The fine car fleld Is getting 260-peunders brought $18.50 Ye come tax payments ite up 121.1 tough, in this country, thé reason gg 50 ug o| per cent since 1 and the gross being that the so-called lowincome per capita has climbed 98.6 priced cars are beginning to de- Pounds. resched 208 >. 300 d per cent for Je same period. liver almost everything their big- sold at $14.75 to $15.75. youn ts i.» |ger brothér have lots reached $16 and $16.25. Prices, Now MAYBE your wages But trust the Ford Co. to put for $14 to $14.75 wer a haven't doubled since 1941, but ihe last ounce of its best think -'300 to 350- pounder lm for somebody's has. And it is to thoseiing into its new Lincoln. from: 100 i in 8. & weights buck-padded people that GM hopes 2 Ih pounds sold at to sell its whole line of cars, 3 Million Cadillac to Chevrolet depending unon how much of the green stuff

and ‘chalce|

$16.75 to $17.25. A liberal, share sold at $16.50

$13 to $15,

Sows Steady

T. H. KEATING, general manSows sold steady at $11.25 to

ager of the Chevrolet Motor Di-

you have learned to grow during vision, is showing the 23 mil- $13.25. Choice lightweights and since the war. llonth Chevrolet which came off reached $13.50 to $13.75. Mr. Curtice, who doesn’t guess,' the assembly line just 32 weeks In cattle trade, most slaughter

after the 22d millionth car, And just think rolet 12 years to its first million cars,

e uw $7 Billion {reached $25. THATS WHY GM is opening; EVER FIGURE what Ameri-| Odd head good beef cows sold its production throttle this year,/Cans pay to get around on vaca- at $17, Occasional sales of heifery As long as the market will buy tions, business and social travel? classes reached.$18. Common and | ot them GM will keep turning them; The figure, the American Auto-| medium sold at $14.50 to $16.50. out faster. {mioblle Association tells us, is $7 Canners and cutters moved at S80 you won't have to coax your Milok. That 1s In this country $12.50 to $14.75. dealer long for a car this year, alone even if it I to one of those! Add to that the $4 billion tor| Sheep Prices Rise high-demand GM models, for the travel abroad and you can see. The quotable top price for good wheels are humming in every Where a lot of our money .goes heavy sausage bulls was $19. A division of the ‘world's greatest between May and September, few head of common and good

grades sold at $16 to $18.50. motor empire. ‘No Dust Dry Leaves

: Vealers sold steady at $31 to Fewer Sales i FOR 'YEARS the tobacco in- $3350 for good and choice, $20 UNLESS MY ROVING eye has dustry has been fighting dehydra- '© $30 for common and medium, been farther off the beam than tion. Keeping cigars and cigarets

classes sold steady a clean-up -it took :Chey- market, manufacture, Several lots of common and medium mixed weight yearlings moved at $16 to $23.. Odd head

‘aldo has been counting the new car registrations in the East Central area, and they have been moving up at the rate of about 200,000 a year. ‘

and $11 to $19 for culls. Sheep prices rose as much as|

usual, there seems to have been moist is the problem, fewer January sales this year, Cigar companies tried the indi- O° Senta in fairly active trade. than last. {vidual cellophane wrapper, but Good and choice sold at $20 to!

$24.50. These included a load of. 99-pound and a load of 83-pound fed western

Last year the selling pumps that wasn't enough. were running warm about this] Now comes Bayuk Cigars, Inc.| " time, and the mark-down crayons With “Phillies” both individually '**"8¢ - weight were worn to a nub. The reason cellophaned, then packaged the was that January of 1948 found same way to assure freshness.

quantity of Christmas goods still onthe eiver Hand Ball

If there were fewer sales this THE NEWLY discovered year, the itores deserve credit. bouncing putty is being used to It means their buying was closer! exercise hand museles of polio, to the target. | ‘arthritis and broken-bone sufSuch a condition reflects smart ferers.

Medium and good lamhs moved at $21.50 to $23.75. {sold at §16, Late estimates of receipts were: Hogs, 8200; cattle, 225, and sheep, 1150,

Local Issues

Jan, w=

of stack available for the Christ- YOUr Estate

Directors elected at the annual ndpls Water 4'4% pf meeting were Lloyd D. Clay-|*¢ toe Truck Grain Prices. Jefferson Nations L.fe com Ton pie combe, A. B. Good, T. W. Whit- od Lruck wheat Kinsan 4 (0, Som ‘of » aker and William F. Sandmann.| Marmon- Herrington com } Additional directors, other than E Nastie Asphalt Re

\ Mr. McKinney are R. A. Franke, at Homes pid }

1a Re ~ 3 ST % kL

aes beans 12.07

) . “IN Ind Pub Serv 5% pfd 108 10%", Ezra Stewart, Bruce Mcintosh. N Inc 3 Local Produce bing BU Ben Wa ™ - mt —— . allory com : 0's 22% F. G. Streit Retiring Ee Current. receipts 8 fr. to case. prosress Layndry com iS ie { 970: bd rade me- bh Serv of Ind com .. AT 0% «TIS ALWAYS with some re- gum. Or Srade"S B large hd ne Rub feiv of Ind 3h » vid 8, 8 ool com » § ‘t when I report someone is re- | Fer “Powis. 4% Ihe and over. 30c:|Schwitaer-Cu mins ptd we : ‘ing. Questions swirl in my under dl Iba. and leghorns. tic. eocks|R9 ind O & E com 32s RM ind. I wonder how much the tho, [as 1% and No.3 poultry. 4c less attnd Q Ad 91 Ws ) ue 3 a ilove No 1 she No. 2. A | Stokely-Van Camp pid 17% 19 © : on in which the man has, Tanner & Co Sta pld o . poured his years will miss him. 08 Machine Cot NIN And how much of him his busi- Official Weather | Sted Helephone 8% pra lel” ’ ! . , nion le Co § “ress will still be using for years UNITED STATES WEATHER BUREAU ‘Ex-dividend to ° y } _ ~Jan, te, 1050 “iden BONDS come. - —==| Allen & Stew 5s 51 9 Ri G. Streit, comptroller of the! “sunrise. 7 ol | Sunsat 4 a | fmaictn Foun Wu s o, i Sm Sg — ==! Americ s 4 Monon, is going on the retirement Precipitation 24 hrs ding ¥:3 m on : stiar \ Morley Ss A . 2 y i ) 4 list at the end of this month. | Jeiel i ee 708 Rubner Pertiiiser ss 08 91 He will be succeeded by anothey ~~ &h of ing Tel se 10} irens Ind * 1 able man, Carl A. Bick, auditor wuThe following tabs shaws the tempera- Cohiba ¢ lub 3-84 sa . 83 tw 3 of expenditures for the Chicago, |, fii" oo UD LON Indbis Paint & Color 8a 84 | 100 Burlington & Quincey road. IRoston . vee 3 1s jndos Public Loan 8s 64 3 ” Chicago“ born, Mr. Bick at- Chicago UIT 24 1 Ine 0 tended YMCA Central College in Sincinnafi xn Ike no" Chicago two years, then went into’ Vangie , $$ 4K ! 9 railroading, in the accounting de- ayne : 3s 4 N. Ind Pub gery Ties T3 1083 to! partment of the Chicago. Burling: uti (City) 3 20 Public Bervics Jas 78 ~.108 108 3 1 uh * 0 ton’& Quincy Rafiroad. tam RB 1 Reon Termine 881 0 He saw Mexican border service inne palia-81. Paul ad —— in the 2d Illinois Infantry in 1916 New Yore 11 33 MAKE FIBER OF MILK and was back in the infantry, 33d Qkishoms City 34 i4¢ A substitute for horsehair for Division, in World War I. He has, {ittsburgh & 3} |upholstery comes from cows; it is ‘had most of the honors the ac- San Prancisco “ares ¢2 50 a curied fiber made from casein counting profession can give him. FI, » ¢ 3 i from milk

Today’ s Weather Fotocast

y MILWAUKEE. TT N-- A ° we emicAB0 “| oy WAT on [—— \ Ji wl Ny 5, A / — sTLOV A >

— ” Yr Cr -

=" ATLANTA ,

TLY CLOUDY AND OUDY AREAS

FOTocAsT

SCATTIRLD SHOWERS

i SLEEY

OW=A boys of. cold ai wil dominate the eastern half i fighd si

~GM Gauges, - jy. Tie

Priced dropped sightly in less!

1170-t0-240-pound butchers sold at

Commons |

325; calves,

No } pi

= Arfcle No. = rreeem—

vous im Tax Prime

D educting Interest on Personal Indebtedness

ie Re as

THIS schedule /is uf payments made during 1949 on rsonal debts, You can use ft to

: Harlan J. Hadley, 35 W. Kessler Blvd, was elected ‘a vice - ‘| president of the Indianapolis Chapter of the American Red Cross : : Lyesterday at a meeting of the board of directors. He served as a ! 67 | 90 captain in the Field ‘Artillery in World War I and is now now active in 1 R AE LMR. soca ce 1. tit ttt A 0 —— many veteran and ci He is a, member of the hid Red Cross By RICHARD A mu LLENS of your monthly. Payaent is for not deduct any sntarest, interest Anterpst, ask where you make the - Interest payments on indebted-|

ftp ee) rr fir { kétive later trade, but most anlés temige your deductible ihterest | lined voncrete cliff, the Wal ow ‘Lincolns | were made sarfier, ere fir ‘do not use the fax l-dorf-Astoria, today./ d head of choice Be reac standard dedgetion;

nll your tax.

you who are purchasing a home {by monthly payments are | doubtedly paying a

ductible.

ipa.

afar ne met /purchase tax-exempt | i | refrigerator, curitied are not deductible, |range, and ‘any other personal] ber this schedule 1s for

debtedness is deductible. Those of |you itemize your deductions.

interest payments in 1049. Inter. single,

er|

To Red Cross Post : Joins William H. Book as Vice Chairman Of Local Chapter After Board Action

ents for a statement of your

thing for your

ness incurred for the purchase of |

8 Fn dowent. El

Most fhiterest on personal in- item can be deducted provided interest paid to buy or keep some- lings Hospital. The pin represents He landed in jail for 90 days and use, like a drop of blood with the Red rushed home and beat his wife

Do not deduct as inteset any a home or a car. If you are buy- Cross emblem imposed upon it. agan. A bit weary of the repeat.

certain terest

element included

If you don't know how much'terest is being paid or you can-'2 of the return. ‘

un-| financing fee or other non-in- ing a house or other property in the and at the same time renting the amount of interest each month. payments. If you are buying on| |property, interest on such in- | These interest payments are de- the instgllment plan, your sales debtedness should be deducted as contract must stipulate that in-/an expense in Schedule B, page

tion for a month. » ” ”

you which taxes can be deducted nama Delaware, Maine, Michigan, 1 1949), Neb. 6c (5c before May! and which cannot, so this Primer pontana, North Carolina, North 25. will list the .nost common taxes. pakota, Pennsylvania, Utah, Ver. {0unties and 4c elsewhere, N None of these taxes is deduct-\mont and Virginia. 4

Auto license fees.

1 { State capitation of poll taxes. |June 1, 1949), Ore. 6c (5c before Commission, Dr.

Pa. 5¢ (4c before Hovde will disJune 1, 1949), R. IL 4c, 8. C. 6e,

You canlg D. 4c, Tenn. 7c, Tex. 4c, Vt. Se/and the ' Amerisecure information on any taxes 41.0 before July 1 1949), Va. 6c, can Ideal.” not listed above from your Col-'wash 6isc (5c before Mar. 2 "| 11949), W. Na 5¢, and Wis. 4c. The sales tax differs so much ‘that ro specific: formula: can bejludes by Miss though in. any|/Maxine McIntosh, student at Mar|given state or city one can be lan College; Richard Highbaugh, (awarded the title of Miss Junior accurately. senior at Crispus Attucks High America at Los Angeles last June,

ible on page 3 of the return: Federal income, gift, estate, and {excise ' taxes, This includes the! federal tax on cigarets and other tobacco products; liquor, | cosmetics and toiletries; telephone and telegraph messages; bus, plane and railroad fares; club dues and assessments. !" Social Security taxes, Gift inheritance, or estate imposed by any state. | Charges for governmental s |ices such as municipal water bills, parking meter charges, service fees, inspection fees, and the like. Import duties. Fishing, hunting and dog N- | censes. | Taxes for local benefits, such as assessments for streets, side walks, and the like. Federal as0iine tax.

3:

Personal property taxes. Real estate taxes.

Jess B. Rogers

reclaiming company. Mr. Rogers was a member of

There arp a few other excise taxes levied in particular areas JY 3 19), which are deductible.

lector.

tixes UNLESS the Bureau of Internal Revenue is suspicious of you or| uggested . here, _ your return, it will allow reason- 8 ® “able estimates of deductions lke worked out

normally do not have receipts or] keep books.

1949) Nev, 5c

quite

in om

J. 3¢, N.'M. Te (5¢ before dlumnus hus El oF 1949), N. Y. 4c, N. C. 6¢, [NOW with the |Ohio 4s, Okla. 6%c, (5l%c beforeS tate Highway

troduced by Paul H.| Parks, Purdue [the wrong question, [to “bone- -dry” Oklahoma, |strolied into Mr. Harman's

would be for operati

cuss “Education

A few minutes later The program “jwitl-include: Musical inter-

: court. Dr. Hovde ex»

A pair of too-small trousers gl« most kept J. M. Blankenbaker Jr, tending

Choice grades near 240 a A A A eA arg is of Mission, Tex. from at State gasoline tax, personal driving... Is 33.100 his own coronation as “king” of t Lity and State sales tax 20 the Texas Citrus Fiesta. Fiesta Albany County 150 100. . sponsors had kept his identity a Taxes State. income tax by 7 111 fo secret too long. When the cose 260 14 & tume committee was told to furJoual Roath, cs < Ce | nish ‘a pair of satin pants for “his Mr. Book Mr. Hadley |majesty” they found they had MANY of the taxes you pay kota, Utah, Wyoming and Hawaii. 30, 1949), Ida. 6c, Ill. 3c, Ind. 4c, x tw One Whice. would i ax during 1949 can be deducted as! In 1949 the Alabama gasoline Ia. 4c, Kas. 5c (4c before July 1, " n e shown above If you choose to/tax is deductible in Birmingham 1949), Ky. Tc, Me. 6c, Md. 5c, rete Fe oreo] Proglem by wearing a full dress itemize your deductions, However, for: the entire year, and in other Mass. 3c, Mich. 3¢, Minn, 5c (4¢ I” a public meeting in Senate some taxes are not deductible. places after June 13, 1949. before July 1, 1949), Miss. A 5 Branch YMCA at 3:30 . 8» There is no logical rule to tell | Ajeoholic beverage tax in Ala-| MO. 2c, Mont. 6c (5c before July ny a, a David Mutz of Perry, Okla,

| was $100 poorer today because i he. asked Sheriff Merl Harmag | A newcomer

Mutz office

jand inquired what his “chances

a whisky business” here. The sheriff lifted an eyebrow and called his deputy. the two

|selzed a small quantity of “Hquor,

Shirley Arnow, 19, who “was

on which most taxpayers generally, there is no tax on food, School; music by the Dett Choral| will marry her high school sweet-

average number of miles your was subject to sales tax.

car operates’ on a gallon of gas—| then multiplying this by the tax you bought out of savings, or on per gallon. A list of state gaso- installments, that would be subTHESE taxes are eductible on line taxes that are deductible fol-}ject to sales tax—a car, fur coat, lows. If you drove mostly around television set, for example. MultiAny state or local income tax. home, use your own state's tax. ply the sum 6f these by your sales

Ala. 6c You'll be pretty close

(after June 13, 1949, \jtax rate.

certain parts pay 1c more), Ariz.i!to the facts.

State or local retail sales tax. 5¢, Ark. 6g¢, Colo. 8c, Conn. 4¢, State gasoline taxes except in Del. 5c, (4c before June 8, 1949), |California, Louisiana, North Da- D. C; 4c, Ga. Te (8¢ before July penses and other déduetions,

ennte M. Rogers: two daughters, |

Mrs.

ent e {eurrent fiscal year th . Survivors include his wife, Mrs. current fac ar through

Carroll . Jean Spray, Green-|

To this remainder add anything|speak at Notre Dame Feb. 7

Tomorrow: Losses, medical ex-

Chrysler Corp. Studies

Two of the nation's foremost a. lof modern Soviet thought will]

and 8, Dr. Wal demar Gurian, chairman of the) Howard

Notre Dame ck County's

Relations, soring th: sym- {against the youth. 88s

A lecture by Mrs.

{rent, insurance or savings in any Soclety directed by' Dr. Roscoe! heart, William C. Pomeroy, 20, in |form. So if you will add about/Polin. The gasoline tax can be estl- what you spent on these things, 4. 8.2 mated by dividing the total num-jand subtract it from your total| ber of miles driven in 1949 by the income, probably the remainder commentators on the* foundations

{the chapel of Arizona State Col« “ {lege “in .Tempe, Ariz. today.

Pat Nordyke, 21, of Wichita, | Kas, must spend a year in jail {because he collected money while falsely representing himself as a “March of Dimes’ solicitor. Judgé Kline, . who headed “March of Committ © ¢ Dimes” campaign last year, senon International tenced Nordyke less than an hour spon- after a fraud charge was leg

Arbutus | Skeets of Long Beach, Cal, sofs |tened the hearts of two ho oldup tou

& year ago.

Jan. 18. com: Waka, today was appointed per-

MAKE OUR

| sonnel director of Camp Fire Girls

Sherrill Hudson; one son, Donald | This t Y . REE the Centre Masonic Lodge, where R. Hudson, Indianapolis; a daugh-|Ferenses nth tif doe 1800 {today by Nations] | Director Marhe was a 33d degree Mason, and ter, Mrs. Nilah Gene Armstrong, |Defcit 669.706. 144 24.463810 tha F. Allen. was a member of the Scottish Detroit, Mich.; his mother, Mrs. Public Byiance, 33035 40 253 338.793 417] * 8» Rite and the Shrine. He attended Charlotte Hudson, and a sister,|O0ld Reserve 24.425.761.196 ~24.264:650.577 Sanders Thomas, 40, of Detroit, the University of Kentucky. Miss Lucille Hudson, both of! earings ATOLS CLEARING MOUSE (Won't be able to beat his wife Survivors include~his wife, Mrs, Portland. {he its § oie 000 again until Feb. 19. Mrs. Sarah

: STOCKS Bid Asked (wood, and Mrs, Marilyn Ann UAW Welfare Dema {men so that they left un mas trade, and still the stores] MANY A BUSINESSMAN won-' American Brace oid # ® Dies Here at 6b Graessle, Indianapolis; a brother, | nd Dr. Gurian $2000 worth of jewels in her husdidn’t get caught either. ders what will happen to his {yrs Collleries com Hh 3 _ Cleveland E. Rogers, Indianap-| DETROIT, Mict.., Jan. 20 (UP) {band's store. “I have six chil In my book, that's the way 10 business, and the money he has Belt RR & "ok vas ata 8 Jess Brown Rogers, 319 W. i. and two sisters, Mrs. William | —Chrysler Corp. today studied|posium, will dis- dren and no insurance,” Mrs. run a‘saliroad, and a department in it, when he passes out of the! Betbe peor] con O® «oc {ie 40th’ 8t., owner of Janitor Sup- Enlow, Springfield, O.. and Mrs. the CIO. United Auto Workers’ cuss ‘‘From Skeels said she told the bandits, story. [Ply | Sabbs- o-Merrifi bid. id 14% «wy Plies & Insecticides Co., died to- Ruby Leeds, Los Angeles, | demand for 5 welfare plan which | Lenin to Stalin.” She added: “You've got a lot to : I It be Jost hy Iifompetent, Clrele Theater com . Ve ol fh his h He was 66. Would cos € company 1132] Prof. Michael do, going around robbing defenses S3jglivons i - Ws ; management, and gold, it ian 4 pid . ¢. hey 10%, i wi ie, Rog, of Indiana Oxy: LeRoy Hudson |cents an hour for each of fits Karpevich, Rus- less women.” The gunmen fled, SAVINGS will become of, fhe money? [TE Ene pid | oid o 1 Tag Mr. Rogers: Services for LeRoy Hudson, | 0000 employees. sian history in- leaving behind two bags containe ge charged up| John Zuber, vice po rit and] Pela K 4) on aa Een Co. 10 years, Mr. Rogers: wer y The demand was made by Structor at Har-Frof- Karpovich/, oun. coms financing loans last/trust officer of the Amer) Na. | Hoult securities som opened his own business in his 427 N. Denny 8t., who died Wed-| y : 0 e American a~| Pamily nan 4 cam ch |Home in 1948. He became ill last nesday in his home, will be at UMW Presiden t Walter P. vard University, will talk on /tional Bank, answers some of Family Finance oP N 100 Ju ly 7:30 p. m. today in Dorsey Fu- | Reutheer, who took personal] ‘Historical Background of Soviet 7 First Federal is moving along. these important questions in his Herf-jongs cl A" bid | ll! J neral Home. Burial in Salamonia,|charge of the. union's . contract, Thought Control” Prof. KarpoIts conservative yet aggr’ sive new booklet, “The Business Owner Home T & T §% Faw ve s4'4| He was born at Scottsburg, but ‘ : ich is b £ : policies are paying off in savings Plans His Estate.” [nd Asmo “reitale <C 1" had lived in Indianapolis 30 years, [0d tomorrow will follow brief| negotiations upon his return ich is a member of the ofiginal accounts. Last year the institu] Nobody likes to think of dying, | I SEARS om. Hee He formerly was district sales- S€vices at Portland. He was 49.(from Washington yesterday. Sipitmslc: ‘ Waitsion from the tion paid and credited to Indi- but everyone does sooner or later INdpis P & L com ©. 28ly © 391, man for Fisk Rubber Co. 14/ Mr. Hudson was an automotive Russian provisional government viduals $80,266, - according toy is a good booklet to read. ntols £ & 1 4% pte 9% 101 years. During World War II, he mechanic at Pennsylvania Motor U. S. Statement | the U. 8. In 1017. President E. Kirk McKinney. —— ndpls Water Co com 17's 18% was employed by Wash-Rite Co. Inn. He was a member of the| 2 8 = ndpls Water Co 8% pfd, 108 former government war surplus’ Brookside Masonic Lodge. fm J ASHINGTON, Jan. 3 un mr Miss Virginia Gardner, Misha-

ooD

On the trail of a companionable drink? Then meet up with Bond & Lillard! Men quickly recognize its congenial qualities—mellow Kentucky taste and rich, 93 proof goodness. You will, too, once you get acquainted with Bond & Lillard— 81 years famous and still going strong!

“Uniformly Fine Since 1869”

OMPANION

KENTUCKY WHISKEY =A BLEND

= 5

RHEUM

® time-test pain and matism, Neurit 0 Buy WI

absolute relief or mone

KEE 202 N. Delaware

NA

Bains mond of Amerie Pri $2UTEM. E;

WATCI FITTE Day Ser CAPIT

201 W. WASH

You Save MEN'S SUI

$22.9

ROBERT

Cor. Senate

USE YO

Guaran REPAII