Indianapolis Times, Indianapolis, Marion County, 11 February 1951 — Page 39

THE INDIANAPOLIS TIMES ri

PAGE 40 _

‘Outlook in the Nation—

{i Proving Costly $60 Million Lost Monthly On Automobile Sales Alone

«

By J. A. Livingston .. The sooner the proposed “quickie” tax bill is passed the better. Every day’s delay cuts into revenues. Congress can roll back time on corporation profits and individual salaries and wages by making the new levies retroactive, but it can’t collect back taxes on sales of automobiles, | phonographs, television sets and electrical appliances made before the law is passed. | i yin | It's no surprise, therefore,| about $100, and will go up to |

e Nefion— [These Two Homes Are Sold In Brisk Late Winter Tax Bill Delay . x0 v0 was : Alpe

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SUNDAY, FEB. 11,1051"

Home Tinkering Supplies Available

| (Continued From Page 30) let's hop back inside and look around again. "Men who live with the har6ware business say the chrome and nickel will disappear from new: faucets and spigots following Apr. 1. Shower curtain rods and the like will be hit after | Mar, 1. % As long as possible, steel will be put into hinges now made of brass. These wear well inside, but rust after long periods when installed out of doors. The Apr. 1 date will usher in the steel doorknob to replace brass also. Brass pieces allowed to come off assembly lines will not be “finished.” * Important door locks exposed "ito the weather may be cleared {for limited production in brass,

como 4 AL

Stuy Costs :

40 Sup Purdue

Times LAFAYET' ing costs are Quality lin to hold.’ Keeping be problem und ployees of H and building attending cla versity. The classe training proj the Nations Dealers Asso last four yes

that automobile dealers are| $300. A $200 saving “ain’t hay,” | same ST cabinet of the in rushed since Secretary ot the| And it ain't hay for the govern-| Mr. and Mrs. E. J. Sanders have sold this three-bedroom stone bungalow at Mr. and Mrs. William Healy have purchased the home at 3903 W. Washing. |}. qware is becoming uncertain. throughout tt Freasury Suyder ioke the bad ment, either. Assuming produc-| |ig E 41st St. Mr. Sanders, former manager of Fame Laundry here, is moving to ton St. Mr. Healy is a dental technician with Veterans Administration. The seller | Delivery cycles are “lengthen- n part. Abe Be ve pe wel ag 0 He: tio n 2 sales of passenger cars| nou. oi Walt Veon, of Walt Yeon Co., represented the sellers and Bruce Savage was Miss Hazel Bell. Mrs. Eve Wininger of McConnell & Clark; realtors, handled ing” it was said, but shipments 8re now enlo Sople ive a aslemg (of about 300.000 per month, each Co. th rchaser the transaction. The bungalow has three bedrooms {are coming through. Craft I for cars who had told me to |month’s delay would be worth 0, the pu . —— . gal POO LOS a Cc iii With: emp} ke them oft the list, that ($60 million. In January, passen-| o rm Er ualit or jey’d make their old ear do.” |ger car output ran to about 500,- - ' i oe i e reason’s clear, The tax on | 000, all er am S 3inng. IB } ; merchandisin,

dealers, is scheduled to go up to 20 per cent. That works out roughly $5 per cent and 15 per cent, respectively, at retail. In the case of [glevision sets and electric appliances, the tax also is levied at the manufacturers’ level. It's scheduled to rise from 10 per cent to 25 Cattle, Hog Prices

per cent. iio perms On an item which retails for for later. And now higher taxes. Also Advance BE oix Do re apa” Sve _GHICAGO, Fab. 10 (07) : e tax would rise to $50, tary Sny ) YB. if Congress goes along with Mr.| First, he'll collect more, As the Slaughter lambs chalked up an Snyder's proposals. So the new year wanes, production-of automo- all-time high price record, while price, presumably, would be $355. biles, television sets and so on will cattle and hog prices also climbed The proposed new excise levies decline because of shortages of | higher at the stockyards this are just another incentive to the materials. So Mr. Snyder faces 8) week prospective consumer to buy. Ever diminishing take. : : since Korea, people have been im-| Second, once the tax is imposed,| Livestock receipts were small pelled to get rid of their dollars./the tendency of people to cash injas a mesult of the railroad strike, First cane Ihe lear oL seaFeity, Hele E Jonas lo buy Expensive) yiivh brought freight movement which still persists, and has ac-|/items might. abate. ere won't| 5 counted for intermittent runs at he the impulse to beat higher |!nt0 the city to virtually a stand department stores. On top of that taxes. In addition, higher prices| still. : came rising prices. What you buy resulting from higher taxes, might| Cattle receipts were well below early you won't have to pay more deter purchasing of goods, {the corresponding period a year ago. . offs E-bond cash-ins have reached sig-|. Slaughter steers and heifers Significant Tren nificant proportions. In January, they were strong to mostly 50 cents exceeded sales for the ninth consecutive month, And normally Jan- higher; cows, grading utility and uary is a month in which sales exceed redemptions by a good mar- better, 25 to 50 cents higher; cangin. Assumably, after Christmas splufging on presents, people be- ners and cutters steady to 25 cents gin saving again, higher; vealers strong to $1 highThis is the first year since ihe} rs and I A OR er, and stock cattle strong to 50 E bonds were first issued that| tors amd television Bets would cents higher. January sales haye been less than start a Tod Bleiyes Get Top of $42 redemptions, as the following ta- ' Most prime fed steers and year-

.| production’s still high, ble shows (in millions of dollars): The decision on excises would lings traded at $38.50 to $41.50,

3 : The auto tax, now 7 per cent Consumer Incentive on the manufacturers’ price to Hit New High

January not be irrevocable, It would not top $42 for five loads 1117 to 1450- . Cash+ ‘Excess |¢,re0108e discussions, which many pound averages load prime 1500Year Sales Ins of Sales | conoressmen want, of the over- pound steers early $38; bulk good

1942 $667 § 3 +8664 | 211 philosophy of taxation during and choice fed steers and year-

1043 815 50 . - + 765 |rearmament. And the rates could lings, $32 to $38; commercial to 1944 1085 184 ~~ + 921 ‘be lowered if, say, Congress pre-/low-good grades, $29.50 to $31.50; : Be 804 308 “+ 498 |ferred- a general sales tax. The part load prime 1119-pound “fed § - - 1946 641 © 541 + 100 [prospect of lower taxes would heifers $38.50; two loads prime 1947 535 842 + 193" even be a boon. It would be dis- heifers, $37 fo $37.50; most good 1048 4% 310 4 168. inflationary. People would hesi- and choice heifers, $30.50 to 11949 438 282 + 156 | tate in their buying. $36.25, and utility and commer1950 402 820 + 82 A prompt tax would be an cial, §26.50 to $30.

1951 342 448 108 | indication that Congressmen | Utility and commercial cows "Possibly Congress might pass) mean business on balancing the [largely $23.50 to $27.50; canners the excise tax law before getting budget. That, in itself, would land cutters late §18 to $23.50; into *he long arguments that will be important to persons own- [utility and commercial bulls, $26

1 fn lop on higher corporation ing F bonds. They'd be less im- [to $30; good and choice bulls, ges and the personal income pelled to use them to buy goods ($28.50 to $29.50; medium to choice once the administration and |vealers, $35 to $40; cull and com-| SThen, at least, the money from Congress show a clear, decisive | mon; $25 to $34; choice 757-pound, ; of ‘automobiles, refrigere-l iRtent to stop inflation, yearling feeding steers, $35.50, and most medium and good stock-|

y [Es ers and feeding steers, $20.50 tof ilders Want 3 Home Owners’ : I foray. hog prices swung, Pe Question Box Lasting Houses :_°

upward, and at the close of trade yesterday the prices were at their [best levels since last September.

¥: | Butchers, uneven weights iDefense Structures

Tetnannenasnner

; This column is for you, the |around 240 pounds and less steady

3 4 home owner and buyer. Your [to 25 cents higher, over 240 “Of Past Criticized

Today’ i a pounds 10 to 35 cents higher and i day's Homes Editor will ry sows mostly 25 cents higher,

should be a permanent addition to] tions of a general nature. Sign ’ Sheen fcoepte Ligut 2% j& city and therefore made dura- : ood and ¢ s 3 b , ‘with the idea it probably wil Your leHens and include phone {pound butchers $23.25 to $23.75, $standing 100 years from now.”| "moer. with one small lot reaching a $24 THOMAS E. GRINSLADE, Q—How can I remove a shellac top; butchers 230 to 270 pounds slade Construction Co.—“In- stain from a carpet? $22.60 to $23.50; 270 to 300 pounds dianapolis builders are ready and A—Sponging with alcohol will|$22 to $22.75; occasional 320 to ing to provide housing when- remove the shellac, {370 pound weights $21.35 to $21.75, ever Congress passes an act. They Q—The living room of my new sows 405 pounds and less $19.50 afe against any bill discouraging home has paneled walls of hard-to $20.50 and 450 to 600 pounds private enterprise which we feel| Sood veneer, Can you tell me how $1925 to $29.50. ° is: capable of doing all defense Is paneling should be cleaned| Receipts of sheep during the housing necessary.” jand What other treatment It re- trading period were also light. _. "HARRY R. McLAUGHLIN, quires? {The aggregate receipts in 12 mardfattsman with Hugh Bremer-| —Any hardwood veneer sur- kets were 53,000 head below the man, architect and builder =...) BCS is ‘easily cleaned and main-| corresponding week a year ago. “Builders and architects are ready © Dest: Clean the surface with a| Slaughter lambs were fully 50 for defense housing. The ideal | ™ ghtly moist cloth which has|cents higher, and sheep were defense home would be buflt of | Jeen dipped in tepid water con- scarce and strong. lasting material and have a yard, | 8'% NE & mild soap and then wipe Choice fed western and fed namaking it desirable as a perma- Jy. Apply sparingly a stan- tive lambs topped at $38.50; bulk nent residence after the emer- o. wax, either liquid or paste, good to choice kinds $37.50 to gency.” ho = soft cloth, rubbing in the $38.50, latter top price paid freely; Robert Daggett Jr., of Robert | = +3¢ on & the grain. Cleaning common and medium natives in Frost Daggett & Associates, = waxing once a year should fleece $31 to $36.50; choice tall architects — “The defense house P¢ Sufficient in urban areas and shorn lambs $35.50; bulk shorn should be simple and permanent, ay be required less frequently lambs $34.75 to $35; bulk common no ‘higher than four stories. Go-| BR, rural sections. Other than to good slaughter ewes $20 to $24, ing higher would require eleva- "1% hardwood veneer requires good to choice handyweight ewes tors and be uneconomical.” |only an occasional wiping with a $24 to $25 and bucks $18 to $21, A rundown of current housing 9uSt cloth. ‘according to condition and weight, needs follows: Yop H ® - dentin ine pers Ft. Harrison — Col, John H. WwW } | oO | F Gibson, Post commander — 425 in er ce Bn y reeze Hoses are needed Immediately; ° . : . 100 more in six months; addi- T St ke R | U } K tional number for civilian em- 0 ic ¥ al s n 13 nots

ployees.

i (Continued From Page 39) | to answer your household ques-

Naval Ordnance Plant— George! (Continued From Page 39) [town’s most modern piece of comZiegler, head of employees’ serv- mon share, from the 1949 level of Mercial architecture, ice division and public informa- 89 cents per share. < | My guess is that the official

tion officer—“We get about 10 President C. R. Smith atfWb- Pirthday of the building will requests a week, mainly for one uted improved earnings to the in-| Match another famous birthday— and two - hedroom houses or crease of more than $15 million that of George Washington. apartments, and they aren't filled. in revenue without a comparable I Ea We've added several - Hundred increase in expenses, See Defense Taking employees in the last few months, P. E COCHRAN of the Texas h . Dr having 3000 and we Bag to Co., is following personally the 4th of Steel in 1951 makers, precision assembly work- rend Dwar. romoted to dasist-| WASHINGTON, Feb. 10 (UP)— erg and engineers. p ISL Government officials predicted today that the defense program will

ant territorial sales manager in ‘Western Electric Co. Inc. a ~ gpokesman—“Ninety-six per cent the Chicago office. He was diyi- be consuming “roughly” of the people we are moving to gion manager in Indianapolis, and 8 8 “roughly” a fourth will be succeeded by C. C. Dunn, of the nation’s steel output by the plant at 2525 Shadeland Drive MS local assistant. lend of 1951.

our new telephone instrument from Chicago have found living J. Novak will replace Bim yu, inate of the mobili

and G. .V, Nalle will become as- ; Juniters Our SHijoyment totals’ ;ctant division sales manager, |Zation speed-up was made as the

Allison Division, General Mo- WESTERN ELECTRIC “Dial National Production Authority

” Tone” went shopping for a coltors, spokesman—“We expect to announced it is planning more £dd 7000 employees to our 10,000, umn title, found one ready-built. ways of conserving the vitally-

which is an increase of 25-30 per The sompany initials were fe (needed metal. The NPA has an- « cent over 1950.” 1 u might have guessed it. It's

“W.E The People." {nounced plans to cut the amount City estimates of employment Fo oo The Teople, of steel available for production peak figures follow:

DIAL TONE also notes that|of automobiles and other heavy Ft. Harrison—6000 civilian em-|tW0 women employees have left durable goods, Output of the ployees and 500-1000 civilians up- for military service. They are heavy commodities may be on completion of new Finance Phyllis Knight and Vivian E.|slashed as much as 40 per cent, Center building expected in*1952. Petty, both WAVES. |officials estimated. New Dodge transmission plant ae INDIANAPOLIS. offite - - ———— - oe {sta / 3 { of Chrysler Corp.—3000-5000 em- of Revere Copper and Brass, More Closets Needed

ployees. Inc., i$ settling in new quarters Small industrial plants— 5000, |at 633 E. 38th St. They shifted] WASHINGTON, Feb, 10 (UP) . from 108 KE. Washington St. |The Housing and Home Finance

GUARDS WATER SUPPLY NOW THAT THE Penney build- Agency urges builders to increase COLUMBIA, Pa., Feb. 10 (UP) ing on the Circle is up, nearly room and storage space of dwell-~-This borough, its water works ready to open, you hardly hear a ings without boosting costs. flooded by an ice ‘jam, was peep from the gagsters who have|, The HHFA said in a report on warned today to conserve dwin- used up all theig wit. rental homes that many renters

. dling water supplies or face a They won't have to wait long|are complaining about the trend droyght tomorrow, Jor the; brilliant opening of the|toward g@haller housing units. = > ¢ i HR . ? : 2

is “ Vie . J vi, : : 4 } :

eta 2 x . 2 e

Do you have a yearning desire to live in the suburbs?

Want to get out in the wide open spaces where you can enjoy the fresh air, have your own flower and vegetable

garden?

Or, do you yearn for RL CRC LGC ANCE

Yes, city life has its con Fandy trans

TU TR Le ROL

portation, close to schools, churches & easy (1

your friends to reach you

IF your answer to any . of these questions is YES,

1 0 : 00% [so ; ; ay : 1 Indianapolis is growing rapidly . . . new housing simply cannot keep up with d S it. This is the real reason why a broker can sell houses quickly today. A . broker'syonly real problem is getting houses to sell! List your home today, with a real estate broker who advertises in The Times. Don’t forget he can sell |

your home with a 30, 60 or 90-day occupancy clause . . . thus giving you plenty

of time to find the better home you want!

Good

Yes, prices are good today . . . so good that you can probably make a Sa i profit when you sell. And, don’t overlook the fact that today you pay only a 25% tax on such profit. But, it looks like it will be 372% tax in the very near future. So, be smart and sell now while the advantages are on your side . . . “+ good demand, good prices and a reasonable profit tax.

. F : ; | ; List Your Home With a Licensed Broker Who Advertises in The Times... Where Nearly Everyone Looks for That Home of Their Own

List your home with the broker who will advertise it where it will be read by interested buyers. For over a year now, The Times has been THE recognized leader in real estate advertising. In 1950 The Times carried 100% MORE real estate advertising than any other Indianapolis newspaper. Many, many large and small brokers use ONLY The Times. Thru extensive newspaper advertising . .. PLUS television,” radio, car cards, etc., all Indianapolis has become “SOLD” on the idea that The Times offers them the LARGEST SELECTION. The result is that just about everybody interested in buying a home, reads the real estate ads in The

Times.

The Indianapolis Times

" The Paper That Carries the Majority of the Real Estate Ads

struction, blu general busin Robert L. sentative wit ber and Bui ciation, with dianapolis, is nator for the Now in th a conference from through held April 3 versity. A series of instruction ci organized fo cities over th

Gains |

. In Grai CHICAG Grain market make modera railroad stril about price any heavy sv Trade this w! Atthough out in front o advantage on to skid durin Soybeans ward, after n that an anno freeze on bea or early next As soybean to prices wit between Dec ‘most grains However, lati all deliveries previous seas Trade in Wi ing the week and predictio Washington shipping gre: mine-ravaged to build anot! communism 1 Adding the on . Friday, striking swit roads. Shipm virtually at the last few However, nervousness by tardiness ceilings on g hamper any prices during Compared close, wheat to 1% cent: corn 1% to ? 17% higher; r; soybeans 4 lard unchar higher. Corn sh strength dur followed wh strides. Oats and slightly in a dominated b;

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