Indianapolis Times, Indianapolis, Marion County, 21 October 1951 — Page 40

= 3 5 : - ©

New, Hungrier Taxes Huge Arlington-10th St. Stalk the Paylines i -

And this year it will be first. And

THE INDIANAPOLIS ER — z rT —, —— SADIE 21,1951 Market Planned ‘[ivestock Value Taxes, Korean Peace Talks § [7° En : : pA Drops This Week Put Skids Under Stocks B fe

By ELMER C. WALZER no one was able to put his finger United Press Finanelal Edler “op a definite cause. As the mar-

# Continued From Page 39 NEW YORK, Oct. 20—-The mars,

was breaking, the House

this, I think, is why. Not many of the companies will shoot their ingenuity on a market which doesn’t need it. So I look for a lot of chrome “face lifting” in 1952 models, with a-fundamen-tal motor improvement in Ford. = nn »

A name stitched through with a sturdy thread of public confidence, 70 years long. The party is being given by the staff of the mortuary. It will be handshaking, meeting old friends, an hour of appreciation of a man

I'VE BEEN SEARCHING

As Prices Dip

By United Press CHICAGO, Oct. 20—-Declinés in prices left most livestock values lower. At the close of the week [barrows and gilts showed a decline of around 50 cents through-

ket breax, long-awaited by both the bears-and market technicians, came with force in the last hour of trading of the Friday session. In that last hour 910,000 shares traded, most for the period since Jan. 18. Sales for the day ran up to nearly two million shares.

passed the tax bill which already is gouging deeply into corpora® tion earnings. The General Electric report was cited as an example of the ravages of the new taxation. In the first nine months this company’s sales rose by one-quarter over

who has £9 well Satrien SO many WHILE I'M ON FORD, here's out the weight list as compared The industrial Javerage had 1s last vear. But taxes more than gver their last mie. something most of the people i. OT TREN with a week earlier. ’ “worst. decline since May And oubled so that net profits, were SRA have missed. It's the zip and . Virtually all butcher hogs jhe general average siice Juné 25. whittled down sharply. ¢ to ARLINGTON ADDITION—Planned for construction . : ’ ’

ift the Ford Six. never very find out why Flanner & Buchanan thrift of the Fo

at the Arlington-10th St. business section,

weighing 180 Ibs. and over sold

Prices eroded 1 to more than 3

points and recovered svery little

‘Another factor jn the sudden

> ; “Jt o cw . . . . . means so much. 1 think I've ROPuUlar, because it didn t have the building will cost about $1 million” and contain the biggest drive-in market in the world. throughout within very narrow poo * closing time. Earlier in Plunge in the market wasn, reoc db . as much in its legs as the ei . : Lak ; ) . ¥ 5 . . Pound it. It is the reward for S I a now. Sr that A $1 million addition to the Also included in the new build- ' This additional space will of- price limits. Little In ‘the erop ,,, week tne list had moved nar-

having done the, same thing $0 punnened in this year's models. well so long. And smart city Ford drivers are

present Arlington-10th Sts. business section is planned by busi-

ing will be a larger branch of the Fletcher Trust, which already has

fer room enough to park about 1000 cars for the entire section

weighed over 270 lbs. or less than 190 Ibs. 4The top at the close was

rowly with the tendency gradually downward.

port that peace in Korea was imminent. Peace, it was explai :

is desired by all in. the financial

The mortality rate of the mor- taking the six. It gets around nessman Joseph Guidon, who con- outgrown its: quarters across the the largest offered by any sub- 20s Win bulk sales hoice ip i Tos Seek Sere ig a long pe. SistHel, Dut u Aan By DE/ tuary business is almost as high (ast and sips, doesn't guzzle, gas. tracted for the present ultra street; a tot shop, a furniture urban shopping center, Mr. i : nats 0g. of utt'e change in lhe ma ff { business may go into: a as that of the people it serves. -— . modern buildings there. store, laundromat, a dime store, Guidon believes. DE re old SUPINE Khe Week ket paint line formation in poling bse! y= The how 3 it 8 w oes 0 - in ' 9 : 8 . a an nN: ‘ PE he ah i Raunt, and other busi! To further glamorize the area, 290 to 270 Tbs. A few 300 to 400 Many reasons piled up for a de- Higher interest rates on busi- ral ons so. Neco Nn d 10013 nually for the 25 merchants and the city has announced that it|j5 phyutchers sold at $18.50 to cline and when it finally came, ness loans also plaved a part in THE FLANNER NAME is all professional men at the site. Pienty of Parking [Will Soon erect a dozen new street 520.25 with a few 150 to 180 Ibs. the selloff, market men said. almost ever through the town, on Flanner . / A soft spoken man with a shy The building will be built in an lamps. lat. $19.25 to $20.50. Sows 400 Ibs. . | Before the decline, many of the sire for co House. and untold other places, smile, Mr. Guidon does not look ‘'L” with 150-foot frontage on And the Arlington businessmen and under closed at $18.25 to [ans lrge p {large potential buyers of stocks —- the exterio where the invisible Flanner hand pa S in 0dis {like you'd expect a sure fire pro- both 10th and Arlington Sts. Con- are all promoters. Last summer $20.00. Most 400. to 500 Ibs. ¥ trusts, mutual funds, and wealthy the results has reached out to help those who moter would appear, especidlly struction will be of fireproof they opened the modern Arlington weights were $17.50 to $18.50. investors-—held aloof waiting a , planning often wouldn't ask. . . when wearing his butcher’s apron/cement block with modernistic theater free to children Wednes- Lambs Hit and Miss Fut t I clue to the market's trend. Specu- v The e r So if you are one of the for- To Finance Firm and wielding a cleaver in his super precast cement trim and canopy. day afternoons while the mothers Native siaughter lumbe sold on} ures a ops |lation went ahead. xte tunate ones to shake the hand dmarket. : - York will start about April, __|shobped. Business jumped about’, ps pni.miss. hasis.and e0d0d):.c conbriosi emi TE FYiday drop centered on BR wood sidin “af Frafklin Bo FIAmner tonight mtorr ome le I RE KX double, row of parking stalls '20 per cent. ti. lunevenly weak to: $1.00 lower. C By Tnited Firm v some of the. recen{ Speculative a péanty. "The the Marrot, you will note that it CHICAGO, Oct. '20 — Lincoln,’ The new addifion will house the are planned in’ front of the build-. Now they're planning a radio mostly 50 cents lower. A few lots , "HICAGO. Oct. 70 rain mar- ea yorites, but it hit hard also in: ing boxes 1 has been a hard‘ working hand, National Life Insurance Co. of world's largest drive-in market, if ing along both streets with an- quiz show to be presented from kets bounded upward on then. pe chips, notably General

of choice to prime closely sorted

: : more prete) and you will see the still soft Ft. Wayne; largest life insurance Mr. Guidon gets his way and. it other large parking lot at the the movie house with the mer- natives got the best action and Board of Trade this week and paotric. However, the selling did built e th Juster of an understanding eye. company in Indiana, handled mare looks like he will. ‘rear of the building. chants all donating prizes. brought the top prices. Fed year- Sent ek futures contracts not come from investors, accord- y Lhe + - That's the answer, why that private placement loans to sngall|™ TTT EA Re Een ree "lings were strong to about 30 for eli Pi 30a to. new sea- i. to the brokerage houses which SHable SEV : 20h wh trarks .

thread of’ public. confidence Las loan and finance companies than

run through 70

‘year, according to the 1951 Year-

chaotic "years any other long-term lender last '

cents higher. Fed western lafibs scaling 113

Strength was particularly no-

cater to that group. They reported very little business on Friday. The

outside chin exterior bea

without a strain or break. Ibs. topped the market at $32.25. liceable in soybeans, rye and poo with the speculative ae- : i i iv , wheat while orn appeared to en- * . The interi And all I can think of is the book of Private Placement The late top was $32.00 with few : {ii relv o libera] COUNts had a land office business. @ Interi rubber band around my finger, Financing. . t natives selling above $31.00. Bulk mn Teka tye y m re th era Some corporation reports issued i many Step reminding me not to miss Reily. Mutual Life Insurance Com- utility to choice natives were Ol eTINES occasionally an 15 ex during the week showed gains in 3re worthy

Adams’ house warming. pany of New York stood second It should be quite nice and digni-/in number of placements in this fied. If there's one place you don't field, with 17 placements to Linkick the furniture'around; or let coln National's 22. The jatter eomout all the stops, it's in a glass pany stood eleventh in dollar 5 volume, with $5.4 million. Equit-

$25.00 to $31.00 Bulk fed western brought $31.00 to $32.00. Steers Lack Interest Despite the fact that major packers again showed little or

erted some influence on oats, With a few. minor relapses, the trend was upward throughout the week. Demand in wheat was based in

part ‘on -expectations<of ‘family

flour busjness ahead of a sched-

net profits despite higher taxes, and some- companies declared higher or extra dividends. Wall Street knew in advance the impact of .the tax bill and

the front. ¢ large spaci room with 1 long wall o lots of spac ment that w

. house, Th "no interest in slaughter steers yjoq advance in price which be- Many had believed this item had of the pict Vonne uts . 91 and 95 Sle Late Asourance Seciery (New and heifers, small supplies and came effective Wednesday and in been discounted. Ma rket men fireplace. Tt 9 find "HDAYS a single loan of $75 ‘million relatively good demand on the anticipation of export sales. aren't sure it hasn't been. Those the hall in TWO OTHER BIRTHD : Lincoln National was ¥%0 t part of outside buyers and inde: Pessimistic crop reports from Who argue against it as a factor steps. which are events of meaning are, alonniionn pendent packers resulted in a the southern hemisphere also led in the selling hold that ®he list The kitche

y f Franklin and George Standing in the private placement OR : financing of public utility enterI write their names with rever- Prises, standing third in number] these two men who are ©f Placements, with 37, as com-| pushing a hardware business with pared with 48 for Northwestern!

strong to 75 cents higher trade. About ‘25 loads prime 1050 to 1425 1bs. fed steers brought $39.75 to $40.25. Two loads sold

to a belief that this may result in a better foreign demand for U. 8. wheat especially since unfavorable weather prevails in Canada

was in a position to decline and that selling fed on itself once {it got started since many persons had protected their accounts with

house and ¢ room, one en dates the d service entra en and man!

: . {Mutual and 41 for Mutual Life. " i po. : 4 . at the $40.25 price. Bulk prime to delay the harvest. stop orders. : thet family name toward its 100th] . . Sovbeans scored the sh st! Busi tinued favor- in answering year. BE olias voLIe Sf Drivas Mace FORD FLEET—Four new shiny Ford trucks are handed over to William M. Wills of the Wills Sisers ay ost ; > a Hr I Ee pal a ca a SO By doorbell, Franklin® was 95 vesierday. . = OCotP8 Of Po 14th, with! Feed & Supply Co. [right) by A. F. Miller of the C. T. Foxworthy Co. as the auto firm delivered grades were $3525 to $38.25 rather general buying Interest ganis were reported in production The entire

to th And he still goes down to ®s78 million.

store to mix with the customers : and the clerks, and the bosses| Ine Hale Yearbook points out

the fleet order this week.

that, weight must be given to the P Nh bi ° George will have his 91st birth. Telative size of the life insurance u ic ousin

g Program Ready to Start

Good to low choice $32.00 to

"1835.00. Utility and commercial

i kinds were extremely scarce.

stimulated by continued strength of steel, automobiles. coal, and in the meal market and by light crude oil. Building awards tapered country offerings suggesting a'off substantially. Retail trade

square hom rooms. This separate the

uarters. ht: | Utility to good bulls sold at holiday attitude on the part of rose on the week and was little a oo a Monday in his home He's cOMmpanies in estimating their] Lid $26.00 to $30.50 with a few odd producers. A portion of the buy- changed compared with a year doors in eac ys a ay “under the weather” relative activity in private place-!| = Continued From Page 39 “Public housing is an unneeded, ‘We can build houses faster and head up to $31.00 but with a IN& Was attributed to commercial ago. Wholesale trade rose. Bus- The basem

{ment financing. With this purfor the last 1s monthe, {pose in mind it computes an index! TVE ALWAYS KNOWN that of relative private placement acbusiness is people, and not places tivity for the 19 most active comor things. And that's true of the Panies out of a total of 235 with

Vonneguts. They've had back-| admitted assets of $10 million or grande-Dawson area will be 41; since 1946 have erected more thing to start--anyvwhere. Look Bulk good and choice steer calves a bone when they needed it, and More. = ; _.. rooms, which includes two bed- than 35,000 new housing units and at Los Angeles. With hundreds and vearling stock steers were A 5 hi . " sush when they needed that, Lincoln National stands 17th rooms. Other developments will charge they could build many 6f rental vacancies in practically $35.00 to $40.00. Choice 1075 Ibs. VPERIOR / VIILLWORK

And they watched their money. oD this list. In total private placeAnd when times got rough, they ment financing in 1950 the comhad enough. They are stability Pany ranked 16th, with 74 placewith a capital “8.” ' ments aggregating $18.2 million.

And if the Vonnegut family can The yearbook indicates total

“0 on producing such men, this Private placement financing inion the market and many experts up when he estimated that to boys think they're kidding?” Mr. choice yearling heifers were ar — S—_— tem can be picked up and copied, 1950 amounted to $2,898,189.000, felt it unlikely that any such form clear the plans of federal bureaus Miles charged. $35.00 to $36.00. to Streng Insulati Saf vith maybe a change of first consisting of 1014 issues of bonds, of housing could operate in the would cost him more than $7000. se wn EE ———— w— Style—Color—and Low Cost in . |debentures, notes and preferred

names, 900 years from now. | : And, of course, you'd change Stocks, placed with upward of 96 “he 100 to 1000. ‘investing institutions.

a“ > x | Mayer Move Two Insuran I HEAR THAT the George J. surance Men |

‘layer Co. has moved its retail On National Committee

tual Insurance companies. C. S.

mated cost per unit is $10,000. State law limits the cost of public housing units to. $1500 per room. The average unit in the Le-

include units of from one to four bedrooms, Mr. Hanson said. Law limits the maximum rent to 20 per cent less than the prevailing rentals for similar units

black. Critics of public housing branded the entire program as “pure socialism.” “When housing is subsidized it is definitely a step away from our democratic

and free enterprise

tax burden on already overtaxed at less cost per unit if we get the

taxpayers.

Mr. Mohr added. Marion County home builders

more if freed of ensnarling fed-'all price ranges. more than 20,000 units of public housing units have

eral controls and red tape.

It i= doubly that be- financing and credit we need for cial to pfime vealers cause public housing is tax free,” the job,” argued builder A. E.

Thompson.

“Public housing is a dangerous

practical top of $30.00. Commerbrought $31.00 to $38.00. Two loads choice 550 to 575 lbs. Colorado stock steers were $40.50 and $41.00.

feeding steers $35.50 with around a dozen loads common and

One large builder, who planned been authorized for construction,” medium 750 to 975 lbs. southwest

an apartment development of ‘more than 100 rental units, ga¥%e

“Public housers say they will clear the slums of substandard {housing—but not one of their proposed sites is a slum area, or even close to such,” charged another builder.

indicated builder Harry Miles.

grass steers on replacement ac-

“Who do these public housing count at $27.00 to $31.75. A’ few

Yee 5 Say.

SIER

interests. iness failyres declined.

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N. Penn for years with its little window of rubber stamps, badges! saals, stencils, tags, things like that. And the steady stream of people who know where.

Jones, assistant treasurer of the same organization, has been appointed chairman of the group's town accounting committee.

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