Indianapolis Times, Indianapolis, Marion County, 29 January 1950 — Page 40

Dutlook in the Nation— Congress May Duck Truman Tax Boosts

& il § * ke 3

~ Sentiment Favors Excise Levy Cut, ~ But Increases May Be Shunned'

By J. A. LIVINGSTON _ When President Truman presented his tax program to Congress, business men learned the worst. And it wasn't bad. Sentiment is all for cutting excise levies on furs, jewelry, transportation, communications, as the President recommended; also for elosing some glaring tax loopholes. But whether the President will succeed in getting an| increase in corporation, gift, : 3

and inheritance taxes is some- ate needs. the administration and thing else again. Legislators, Congress go in for minor adjust-|

at the moment, seem inclined to ments, and the inequities and,

duck’ any major boosts, illogicalities of the system are| The whole tax structure requires perpetuated and exaggerated overhauling and integration, But rather than remedied.

The President now has comCongress and Labor ji. bi major messages! and the 1950 legislative program has gone from the White House | "10 the Capitol. Congress will proceed to hash over the proposals and;

make a record for the coming elections ih November. ’ One great problem Congress won't be able te duck Is labor-

management relations, The coal walkouts and the Chrysler strike underline that. * Once again, John IL. Lewis has 8 headlock on production. The “rebellions” of the United Mine Workers have been strategically directed at the captive coal

for steel. To that extent, it lessens the pressurd Lewis puts on the steel industry and the country. But it also makes less urgent intervention by: the President, The steel strike last year had the same effect, By reducing demines of the major steel com- mand for coal, it put off a "na panies and the mines of Pitts- ional emergency.” burgh Consolidation Coal Co, | The Chrysler strike demon: which supplies steel companies strates anew how the unexpected) with coal. can upset expectations. Beem-| Result: A coal famine comn- ingly, the 1950 wage pattern had fronts steel, been set by the United Auto) Several companies have banked Workers-Ford Motor Co, contract furnaces and General Motors or by the steel industry. But this talks of curtailing output because time the UAW wanted something of a shortage of steel. Lewis has different. The corporation must been maneuvering to reduce coal agree not only to a set level of stocks for more than six months pensions, similar to that of Ford ‘wewithout evoking a Taft-Hart- and the steel industry, but also ley injunction. Now he approach- it must set is contribution aside e4 success. in a separate fund or “kitty” ts Curiously, the strike at Chrys- be managed jointly by the union ler has a double-barreled effect and the company. At that, Chryson Lewis. It diminishes demand:ler balked,

STEADIER ON THE JOB

each year, In response to immedi-| |

rae

Keeps Cold Winds Out of House

Foiling wintry winds , . . an insulation company workman blows mineral wool into the attic rafters of a new home. ”

Good Way to Save Coal Is to Use Weatherstripping

Studies Show That Fuel Costs Can Be Cut 12 To 16 Per Cent by This Method Alone

Indianapolis home owners are jangling the phones of insulation to $2.25. firms in the wake of the current coal shortage. Meager coal supplies are pointing up the need for winterproofing the home.

i Authorities report almost one-half of the coal in nearly empty

bins can be saved by weatherstripping windows and doors and insulating the home with mineral — ,

vol,

National Bureau of Standards

(studies show that weatherstrip-|

Double Amputees

ping with storm sash and doors |save 12 to 16 per cent of the [fuel in a single-story frame house. |Full-thick wool insulation saves {another 35 per cent. | One local firm says mineral

{wool in pellets or strips equals 15

feet of concrete, 10 feet of brick

{and seven and a half feet of pine

wood in heat-holding qualities.

Ignoring Benefit

Few Take Advantage Of $10,000 Grants

(Continued from Page 39)

committee members and to two New York Senators, MBA mem-

highest: here rather sharply and. the BTR TEIN | i To of Peg prided fh ple bres STOWE Nigtur wn {06 dveraqy but lam Robart & Wahu Soc ed rod C. Yocker Co. ; Suan arms manner sovscaiy we [lamant] Raises Private-U. S. Teamwork "tog Suppies Drop Meat Pri Urged for Rental Housing ly ata Monday ae warm weather ces Mortgage lial Procer} 15000 Families | 80! returned to Ly normal volume when the mereury| Expect Further Can Be Sheltered in Next Two Years aren STS sean Keir a Boost in Pork CHI \ Jan. Si—Private on i gpiousy pursued by bulide’’

good and choice fed western, including a lfberal number scaling 100 pounds, downward. Choice light kinds topped all week at $24.75 while weights over 100 pounds were discounted 25 cents

Review of Prices | A review of price follows: Hogs: Most good and chelee 180-220 pound butchers sold Friday at $16.75 to $17.25 with 2301250 pound weights $16-§16.85, a few $16.75. Butchers in the 260300 pound class $15.25-816 {with heavies up to (down to $14.75. Sows under 450 pounds brought $13.50-$14.50 and 475-600 pounds, $11.75-$13.25. | Cattle: Seven loads of 1100{1300 pound fed steers sold at [$34.50-838.25, and a moderate (supply of high-good to low-cholce {steers and yearlings at $20.50$34. Medium to good grades were

life of the home. They stress {water repellant.

Lend bean 947d band 948 ed ea i949 een 900 Date Departments of Lobor, Commerce Prpaved for J. A. Livingston

{mer months,

’ s ‘ Pandora's Pension Box are too “elusive.” The pension plans continue only from contract) to contract. Once the contract is terminated, so is the pension to the Construction Research " = » - plan. In an unfunded plan, a company can build up a big financial Bureau. Local firms estimate the

{walls and the attic,

The union is fearful that| Average Cost $300 unfunded pension Plana,

Most insulation manufacturers {guarantee their products for the

[that rock wool is fireproof and

| They also point out insulation {has an opposite effect in the sumIntense heat is {barred from filtering through the

bers attempted to testify anyway & 2.329. Most medium and good

later but found on arrival In Washington that hearings had few choice to $29.50. been terminated suddenly, Mr. Common to good beef cows Epter said. sold at $15.50-8§18.50 and medium “Our. only chance now to ex- 2nd good sausage bulls, $19-§21. plain our side of the matter Medium to choice vealers were depends on whether we are per-|$27-$32. mitted to testify before the House] Sheep: Lambs scaling 103-110 Banking and Currency Committee Pounds were $24-$24.50; 112-122 when it takes up for consideration pounds, $22.50-§23.50, and 120-135

Any house can be quickly and ” | 4 o tight . inexpensively insulated, sccording|"" Cnuical bill” he said. pound overweight mative lambs

including bucks, $19-322. Top ANOTHER HOT administration "andy shorn lambs were $23.25.

lability on pensions, and then by refusing to make a new contract|cost of insulating an average Problem-—rent controls—alse got A tow 4 of 30.87 pound feed.

could get out of the future liabil-| : . A funded plan, in effect [Workers—at a time when jobs

{home is $300. They maintain monthly pay-

s & worker a vested interest. are none too easy to find and ments on the insulation job will

* Thus, the steel pension agreement, far from solving problems, opened a Pandora's box.

| workers-nre not free about leav-| equal the amount of fuel savings.

ing them, | Financing of storm sash, weath- | This is shown by the drop In|urstripping and insulation has

- Any pension plan is subject, the quit rate. Back in 1946 and peen simplified by the FHA.

frrevocably, te actuarial arith-

metic and an algebrale un-.

known, You cam agiee fo a set amount of benefits, but then the total cost—how much will

——e- needed to pay the benefits

»=is unknown. Everything depends on workers’ longevity, how long they stay on ihe jab, ete, Or, you can agree to a set cost, In which case the benefits are unknown. The kitty is just so big and how much workers get depends an how many “divvy” it Pensions therefore do not fit

Into the give-and-take of the |

~ eollective bargaining table — _especially when a strike deadliné' overhangs.

Meanwhile,

the strikes in the

coal fields and at Chrysler are

apt to check recovery in business Unemployment will rise tempo rarily, bringing a reduction in re tail sales and general uneasiness

Chrysler's suppliers are already

eurtailing output and laying eff

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Roy T. Combs, Center Town-| {ship assessor, will discuss prog-| Annual banquet and installaress of the real estate reassess- tion of officers of the Indsnapolis ment operation now in progress Real Estate Board will be held in Indianapolis. He will address Thursday in the Indianapolis Atha meeting of property owners at jetie Club. 8 p. m. tomorrow at the Dear-| The banquet will begin at 6:30 born Hotel, p. m., followed by a dance. Max The talk is one of a series be- Wilson and his orchestra will ing given by the assessor before play. . various elvie groups of the city. New officers to be installed are The meetings are opem to the Bruce C. Savage, president; Fred public. C. Tucker Jr. vice president; ) : Laurence G. Warner, secretary, and Robert H. Graves, treasurer. Retiring officers will receive gifts. They are Howard Fieber, president; John Lookabill, vice president; Paul Starrett, secretary, and Jack C. Carr, treasurer. Members of the banquet comof mittee are Robert Walker, chair-

Women Put in 2 Cents

About Dream Homes

The little woman is blueprint. Ing her own ideas of a modern dream home today.

The National Association

Home Builders reports almost a man; Mead F. Knight, vice chair-| i women man; Bob Bowser, D. A. Coulter, |

third of all American architectural students have en- Margaret Evans, Robert Graves, tered its prize homes competition. Fred Hill, Bob Murnan, Albert K. Six prizes totaling $1000 will be Thompson Jr. Alan Warne Jr, awarded In the contest held in Guy Whiteside, Wayne Whiffing, ‘recognition of the increasing In- Dave Woods and Ewing Cox. fluence of women on home design . - The awards will be made at the * NAHB convention Feb, 19-23 in Roofing and Siding Remodeling — All Types of Carpenter Work

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|a blow torch application last "8 and shearing lambs sold at | weelk. ’ $24; top yearlings, $21, and comRobert P. Gerholz of Flint, 1°" choice native ewes, $10|Mich., chief of the National Asso-|*13-30, with medium to good ciation of Real Estate Boards, STades, $11-§12.50.

charged that the Housing Ex- Iu Faculty ber

pediter had twisted official figures in an attempt to build a case for sm. retaining rent controls after Gives Rubber Report June 30. | Robert C. Turner, IU professor

He sald the expediter issued a Of general business, press releass “purporting” to show urged the retention by the gov.

“|that the average rent increase in ernment on a standby basis of

six decontrolied cities ranged from All synthetic rubber facilities not 16.2 per cent in Salt Lake City "ow in operation, and the conto 41.3 In Houston. “He quoted Bureau of Labor Statistics figures,” he said, “but the report of that agency two days later covering the same cities reflected an entirely differ-

a report to John R. Steelman, assistant to President Truman. Authorization of continuance of the government interest in the plants expires June 30 unless re-

ent picture.” |financed by Congress. Mr. Gerhols said the oficial plans Conducted

report actually showed average rent increases ranging from 6.6

to 16.7 per cent. “All we want [is the ruth about rent control,” Mrs. Helen Aufderheide, 4012

— | Broadway, is organizing a coneee eee eee ducted tour of 20 persons for a | trip to Europe on June 19. Last ‘Bacon, Sparks Named year a similar group led by Mrs. | Appointment of Richard W. Aufderheide visited Hawaii. Bacon and Ray C. Sparks to the] The trip will be made by alr [field staff ¢ the Phoenix Mutual and train to London. Return trip

Tour of Europe

Life Insurance Co., of Hartford, will start about Aug. 3. Conn., was announced today by Sta “ Lewis G. Ferguson.

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terprise and government team-| work ean build rental housing for! 150,000 families of servicemen within two years, a mortgage, njofiaial 4414 30447. the

By MARION CRANEY Greater demand and lighter | supply raised wholesale I - olis meat prices this week. Cold weather In the hindered movement of cattle and hogs to the market, shortening the national out

| forthcoming issue of the) Mo! Banker that housing

In the Indianapolis Stockyards, °F tary personnel is badly

He said the situation can Hoosler farmers delivered ap esti- Needed. mated 42,475 porkers, which sold relieved under the Wherry Bill

at prices steady to as much as Mr. Pringle heads the mortgage

75 cents a hundred ds higher, Jepartment of Stern, Lauer & Co,

Mrs. Housewife could dig a little 116% FOE, WIR PARR CF WO a” Eat tl et hers Bl ’ 1000 Apartment Units

packinghouse officials Indicated. Vibrations of this week's whole-| The development is now under sale rise are expected to ripple construction at Ft. Knox, Ky. It through neighborhood groceries will embrace 1000 apartment throughout the week. |units. Price outlook of pork in the] “The Ft. Knox project is constockyards and wholesale houses crete evidence that teamwork beshowed a $1 rise during the last tween government and private month despite the fact the na- enterprise produces rich dividents tion's farmers are continuing to/in the form of badly needed houspour into yards the largest na- Ing for military personnel comtional peacetime hog crop. bined with an excellent invest. Porkers Up 35 Cents ment for private lending institu-

tions,” he asserted. Best porkers sold only 25 cents Wherry Bill Suaseing Js done active under the new Title of the trade this week, heavier National Housing Act passed last weights from 300 to 380 pounds August. Under it, FHA may inshowed a 75-cent jump. {sure $500 million of mortgages In cattle trade, common and for rental housing at or near verage-good grades of steers and military installations, heifers sold at prices 50 to 75 Slow in Starting cents higher. Cows advanced 75 With the approval of President

cents to $1 per hundredweight over last week's prices. Bulls FHA may insure mort-

Maxwell Pringle writes tm/*T

sary

gages up to $1 billion. brought steady prices. ! - All classes of livestock declined! Mr. Pringle added the in receipts over the previous week. forces Supply of cattle was estimated at 5575, compared to T151 last week. A total of 43,939 calves last week dwarfed this week's 42475, Sheep estimates this week were

4275, compared to last week's

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ta of the average i : side i A third gs WM ©" Painting or Putying Required | placed outdoors, usually on the © Made from Heavy, Exirided north or the coldest side of the Aleminum house, ! The outside regulator acts as a “lookout” and anticipates] changes in the Interior's heat needs. Combined and synchroaized, the three instruments signal

will be slow in starting until the! standardize pro- be

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Sheet and Tube Net. ! Decline in 1949 YOUNGSTOWN, 0. Jan. 28" (UP)—The Youngstown Sheet &

Tube Co. reported today that its

estimated net incomes for 1949 was $31,777,010 compared with $35,711,732 for 1948. ; Revenues and net sales brought the company $338,343975, with plant depreciation, depletion of minerals and interest charges leaving $51,671,010 before federal taxes, the report said.

American Distilling Net

Dips in First Quarter NEW YORK, Jan. 28 (UP) + Net operating profit of American Distilling Co. declined in the first quarter of the current fiscal year to 97 cents a share on commen stock from $1.02 earned a yeam 2arlier, it was announced today. In the three months ended Deg, 31, the company reported, net operating profit dropped to §243.« 308 from $254,306 earned a yea fore. ’

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