Indianapolis Times, Indianapolis, Marion County, 25 November 1951 — Page 42

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SUNDAY, NOV. 35, 1951 ~~ North Siders Sell 31 Properties

This week's Associated North Side Realtors sales report regis-. {tered 31 sales at a total value of $522 848, chairman Willis Adams anhounced. | Here's the way they shape up: | Uptown Realty Co.—417-19 12th !St., co-operating broker W, D. Pratt, 1130-32 Central, co-operat-ing broker W. D. Pratt, The Spann Co., Inc.—1427 Lee St,

Livestock Prices Close at Steady a To Higher Levels I

Business Outlook— Taxes and Temptation &

By J. A. Livingston The scandals in the Bureau of Internal Revenue should serve as a warning: Not that some human beings yield to § temptation but that a tax structure itself can be a cause

CINCIN Lawrencel wife, whos

of tempetation.

Taxes can become so high as to be self-!

| With one less market day this

Gregory & Appel, Inc.—3619 N.

tors here

, defeating. . | | week, supplies in cattle were y saning of And yet, President Truman has not know what was going on be- | smaller even though the run in- i Pennsylvania St. : meaning o ‘ust announced he wants to add to heath him. : | cluded better than 3000 head ‘for Driscoll Realty Co.—Lot at Hundreds : : A member of his staff “acted as {the interrfational show. Kingsley and 46th Sts. ing to ma the temptation. He wants to raise eq ., y,okje taking thousands of | Closing prices on barrows and R. E. Walker—3719 Manor Ct. s Caseltine’s | R. E. Peckham--R. R. 10, Box tions. The

taxes some more. His purpose iS| thousands of dollars in bets every

| gilts of all weights showed an

BUILDING AWARD—William Jennings of the J & L Realty

259, Post Rd.. Wanamaker,

fusions she

clear enough. Revenues are run- day. Another was the numbers |accunmiated advance of around : F i s. Deficits banker, Besides having free {35 cents as compared with quota- ‘ . . . . . Walt Veon Co.—9010-12 E, 27th ing medical ning behind expenditu Te i moue- Phones enterprise, the tions at the close of the preced- Eo National Homes dealers " \ndianapolis ge award | "46 Guilford Ave., 6155 Rals- People fr are piling up. That's bal bookie could operate with serene ling wedk. For the same period Trom vv. iv. arer, sales manager of [National riompes, Tor com- |. Aye 4341-43 Crittenden Ave. nearby - Au

kceping—to be consistently ing confidence that the cops would never raid or padlock the joint.” even .worse In this office a group of collectors and organized a ring to defraud the

heyond your means. yet it would be

sows advanced 50 cents, «

| pleting more than 250 prefabricated homes.

Top Is $19 | The week's top of $19 was paid freely on Wednesday and Friday,

Peace Hints Co-op Apartment gente OL

64 S' 6th Ave, Beech Grove, 627 E, 54th St. Gerdenich Realty Co,.—1313 Eu-

* unknown tc 55 - year - ol with Christ “paid up.” ,

housekeeping to raise taxes Treasury by collecting phoney tax {the highest’ price si , Harry L. Robbins Realty Co.— 4 out a still greater Premium Sd refunds. Chole? Nor ne Ei : Here to Stay, 20 ‘Acres along W. 64th St. near ishoné¥y. The scandals Ny Derelictions such as these arise {weighting 180 to 210 . pounds en rain Grandview Dr. Despite 3 ave reached high places in NeW trom just being in office too long. brought the price. Most choice ; Banker Declares Ford Woods & Co.—4025 E. 36th jusions ape : as 'e Yi

York, San Francisco, St. Lo

Boston, Kansas City, od elsewhere underline the point.

With personal t 1imost 90 per cen oration taxes cent in 1946 to 52 not

‘ax, Secretary of the Treasury

dominant partner in every man’s

business The taxpayer Is

‘emptation to “puy” Snyder out

. uis, Nineteen years is a long time for Nashville any party.

Taxpayers

crat.

become personally axes running to acquainted with collectors, their t, and with cor- deputies, or with revenue agents. rising from 38 per It's much easier to get leniency per cent today, from a man whom you call “Bill” counting the excess profits than from an impersonal bureauOver the years, taxpayers rohn W. Snyder has become 2a make opportunities to talk over

NEW HOME—Household Specialty, for the past 22 years: at 1243 N. Senate Ave., is now in its new home at 24 W. 24th St. The furniture firm's new quarters offers 15,000 square feet of display

their problems with men near the and selling area. Purchase of the building marks a change ‘in the

top. How hard it is to plow back under great earnings, build up a business, -

An Innocent Start

Pretty soon, at a night club or Week's Stocks Sales Set

ompany's operations from door-to-door sales to regular retailing.

180 to 260-pound barrows and gilts closed the week at $18.85 to $19. . Slaughter lambs sold off early in the week but came back strong

Prices Down

CHICAGO, Nov. 24 (UP)

This time, the

co-operative The apartment house in the United tor Lane.

more favorable peace news that States is here to stay, Maurice

to high on the post-holiday mar- an agreement had been reached R. Massey Jr. promifient Phila-

ket. The top Friday closed 50 for a Korean cease fire line cents higher than early, mostly 25 g , ; ‘ie cents higher on good to prime fed brought sharply lower prices 10 lambs. Sheep on a scarce supply were strong but yearlings were mostly 50 cents to $1 lower. Early top lambs were $31.25 but _ {choice to prime fed lambs, both ward : . |wooled and shorn, closed at $31.75 traders were inclined to wait for

the grain and lard futures op the Board of Trade this week. Grains worked mostly downthroughout the week as

delphia maqrtagage

formerly assistant FHA commis- sylvania St

sioner, savs in the f«

issue ‘of The Mortgage

banker

and

rthecoming

Banker

magazine of the Mortgage Bankers Association of America.

Section 213 of

Housing Act, under

the National Dr,

which co-

Wayne W. Whiffing—6346 Moni. Bruce Savage Co.—1222 Southern Ave, 6330 Sunset Lane, lot 64 Meridian Hills, 6755 Riverview Dr, Fieber & Reilly—3122 N. PennKnight Realty Co.--Rochester Apartments, Inc., Rochéster, 4846

' Crittenden Ave, 1851 Christopher

Lane. Alfred Campbell — 2600 Ryan co-operating broker .Bruce Savage Co.

baffled by Caseltine's in internal Many of entists havi Her blood oratories in ~ Midwest. Now she a possible she has ne about event “She's a say¥ one of her at least

“gifts” or in K 13 a partner Hence, "g1 paid freely. The best natives late possible developments in Korean pperative enferpri . . ” wr avors or parties for “understand-| oo, OC : sold at $31.50, mostly $31.25 and o. TE ; OReralive onterhiises can be 8. Juek C Cary, Ine~-i1 N. Forast always che VOT: d reve- over highballs in a private home fen eS oo. peace negotiations. Weaker cotton nanced. is well adapted to this de- Ave a0 N J q . A te ng" collectors, deputies an Dy aoa in g pr ; down, with culls at $20 to $25. velopment ana ie chr rjAve, 4130 N, Mendian 3, C0 Co-operative qe agents. In taxation, as im Ub, laxpayer ana agen. are ow - ear Ow ar . re and vegetable oil markets were *5 °° and will stimulate operating broker Gil Carter, 1429 we've told ue ag is al east two to make talking ways and means. What Slower at Week's End 1 factor more and more of this type of Fairfield Ave. five acres along trying to le nv aKes Bes : \ . . also selling factors. 3 irs pr otic Ay ia 4 3 ove, iL 4a) starts out.as innocent discussion By United Press a cessation of hostilities in Korea Steers and heifers opened slow also sel ne BE fe building activity, Massey says. yg 40 near Bridgeport, 914 N, “We kno 1 scandal. leads to gifts, commissions, stock NEW YORK, Nov. 24-—Stocks break and Put fully steady, found a hignly The wheat market had a few Despite financing difficulties Cecil Ave . son she los

might

bring a big

and some early reluctance on the

Most Men Resist Interests, favors, business oppor- Qeclined this week on reduced some traders took some profits competitive Joafet on Tuesday bright spots SS ox Sg some ear ete : walls of her . In- tunities. volume. on that theory. Otherwise the aD ednesday, but turned slow buying against export sales. U. S. part of long-term lenders to be- operations Most men in he Bureau of , Vil alo ; tar Ba : t96. RON. y. : F : o> ort hv u ome intereste te i . . F . 1 I Revenue {esis temptation The equation is simple: As far as trading was Con- ,. we side of the ledger was a again on the week-end trade. The wheat was bought by the L Dited come int ted in this phase of '52 Financing most perfec rna week's that Kingdom and Holland and a large FHA's activities, the program has for three n

in the

imes and in thely W ~xamine taxpayer returns.

Hightaxes times high inflation- cerned.’ They ary profits times longevity in of- would cover this week's market. They fice equal potential wrong dcing. Sales : And, -though President Truman with the daily

st A last comment oo set a new two-year low

average for the ture.

There was no adverse change Steers and heifers finished strong southwestern ! in any part of the business pic- © fully $1 higher compared with chased an estimated 500,000 sacks

In fact, some reports were ast week's close.

net result was slaughter

chain baker pur-

of flour. v

taken hold

reasonably

well and

now constitutes a substantial segment of FHA's insured mortgage

Outlook Is Subject

Prospects of easing mortgage

came back “We've tr ern test, an

ey that goes to enter- : : four sessions ) : : bu i i Je BS es ls spot frauds. Seems to be trving with one hand [0Uf iuil sessions at L110U ¢oyoraple. The experts found jm- The least upturn was on high Corn, Beans Lower business,” he writes. money in 1952 will be a principal discarded an ee high profits. They deal to clean up the mess, he's likely SPATS. pl ; 4 Provement coming and to come choice and prime grades while : \ 2 2 » subject for review at the sixth -~ They see h'g to aggravate it with the other. Two new items were injected ; “vo "C0 linac” retail trade Some commercial to low choice Even though an upward surge “AS OF OCT. 26, 1951, FHA annual Senior Executives Course

with men making high salaries— 125.000 or $50,000. or maybe even

might get up to $11,500.

Higher taxes will only multiply tax temptations — both for tax-

into the news.” One was the short

tiles. interest for the month ended Nov. and textiles

in corn futures brought prices up

offerings sold more than $1 highto new seasonal "highs early in

er. Cow prices climbed rapidly,

{cents higher.

had insured mortgages covering to be held in New York, Jan.

31 co-operative housing projects 29-31,

under the sponsorship of

meeting.

Mor

3100,000. payers and tax collectors. And 15. That showed a drop of the market finishing $1 to $2.50 the week, the market failed to of 6728 units for 61.5 million. FHA the Mortgage Bahkers AssociaTheir own salaries seem measly our go.called self-policing tax sys- "cory 81000 shares, indicating | higher with the least upturn on show as much stubborness to has commitments outstanding on tion of America n comparison — anywhere from yom would then break down even Lo0 S0me of the buying demand C all 0 d {commercial grades. Vealers closed selling later in the week. 23 additional projects for $38, The graduate school of business For 54100 to $8000, unless they're ini .rca than it has already. for he period ame from tne Isteady to $1 lower with bulls as The soybean trade was unset- million of mortgages involving administration of New York Unithe few top jobs. Then they = ’ bears, The bulls said the bears . well as stock cattle steady to 50 tled by a fairly sharp downward 4155 co-operative units. It has versity will be co-sponsors of the evidently weren't too sure the On Confusion ! reaction in cottonseed oil futures eligibility statements for another : MON!

They feel boxed in by their Civil Service ratings and responsibili-

Allison Man Friends of tneirs working. [§ Transferred

decline was going to continue. Deluge of Dividends The other new item was on the

National leaders in the credit. 1575 to 1300-pound steers includ-

and the bean market dropped an average of slightly over 6 cents a bushel.

Compared to Friday last week, a dozen or more loads high prime

61 projects,

lion

totaling

3535.5 mil-

in mortgages pertaining to

6232 dwelling units. Since the be-

Speakers to address the forum include G. Rowland Collins, dean Jules 1.

dents wou do little a

‘les, favorable side—a deluge of year- ; : ] o Friday oak loins in ; A of ths achael : -ay, for banks, or corporations, end dividends. Mane of Hsgse Qube ations 2nd ntusteial ing show rejects brought $39.75 to Compared Jo Friday 5, Week ginning of the program, FHA has Oe Sehioe Ra Pn es , : The 3 or aceouriting firms can do outside! T. 8. McCrae, assistant director were highly favorable as in the ee e guest speakers at s4050, Early bulk choice and 280; Wheat ruied 34 to 97s cenis entertained applications on a S\o nadier M Gains. ¢ balicves ir work. But they're not permitted of engineering for Allison Division case of East 2 x the fifth annual convention of the rime steers were $34.50 to $38.75 » Dushel lower: corn 2% to 4 total of 522 co-operative projets, Df: Marcus Nadler, Martin Gains- i Dejjeves in '» audit accounts for taxpayers; of General Motors, will leave In- a TE nd aver Indiana Association of .Install- wiih late bulk ‘at $35 to $39.25 OWer; Oats 2'z to 3% lower; old totaling mortgages of over $575 brUgh.-Dr. Jules Backman, be : Be . they're not permitted to give tax dianapolis soon and they had an immediate ad- ment Credit Companies which commereial to low choice steers - ... + lower; BEW Me sh ower million ‘ang relating to the con- Het eo 3 oh ne br. Bibs Ye i 3 Ais -dvice and get paid for it. to become gen- verse effect on individual stocks Shens Thursday late were $29.50 to $34.75. Odds ris pt lang on of 61,000 dwelling units,” school fa uty IS he pragMae 1 1 Ey £4: i ' : : ahi e aypoo to ; : 9! ints d ound: adds. 4 pl faculty. ‘ polis Infiflion, itself, is a pressure. gral manager of For example, American Sugar Re- Hotel po and ends utility steers were down |, wer. : “The whole program faltered in The conference is designed for “WANTE Tasy money breeds easy morals. temas or igs Bning lost $9.50 a share when di- “How confused to $25. TTT. the beginning and again tat the principal officials of mort- tor at Mo In many collectors’ offices laxity" Roe. Tid. of - rectors failed to declare the usual Can You Get" SW 2 spring and summer for the want Sage lending and investing insti- : plenty of } ot the top filtered down. In St. ronto, Canada > on and flow, however, W111 be the topic 4 * Advise Tubs Pennsylvania of substantial interest on the tutions and seeks to analyze the % tory for a ".ouig, Collector James Finnegan Associated with was not sufficient to even of Edward Mec- tq Sm N 5 Promotes McCarthy part of long term lenders in these broad business trends in the na- A the office a received commissiond of $23.000 GM since 1931, trend higher. It did help at times Faul, Chicago in- i A For Laundry Room row 3. Slatact . 4 per cent loans. ‘tional economy. pres , Br a rank J. McCarthy, a native of —— wiay, Mi

-nd $21,000 in expenses from American Lithefold Corp., for aid-|

Mr. McCrae came to sustain the market, but the

Home. management specialists Indianapolis, has been promoted

here in 1936 f reekly . : y ing and abetting the company in! the GM Reo yey Teeord Showed a.moderale ; say a rolling table in the laundry tq assistant vice president-Wash- sg 01 setting an RFC loan. If a higher-| Division, Detroit. Seeking a New Base 1 Ng 3 hoe Sopvenient Tan a ifigton By the board of directors yr : { Napoli; up is helping taxpayers for a fee, c In 1939 he was Brokers said the market was . . si an e of the Pennsyl- ? We ave how can he be severe with, com- Mr.McCrae mae assistant seeking a base level for a new ’ joested Wherever needed. It may vania Railroad ! there's a wi mand the respect of, his subordi- chief engineer and in 1947 direc- rise, but even the bullishly in- Mr: Ressle ey used by ie Naser Jr sn Mr. McCarthy : here.” said nates’ tor of engineering. clined admitted their early pre- kling or beside the ironing board for .the past six £ ough to Politically Appointed | standing SCeae has Yuade ah out. dictions on this base apparently to hold clothes before and after years served as v Lot of put ‘ : . ison were wrong and that the final ironi : special represent- ; ai Trocal : Accoriing to Zn Brticle in Life, and we sincerely regret his de- resting point for the selloff would vie is also a trend toward ative of the rafl- fhe last he istrict > Hashatias, is parture,” said E. B. Newill, gen- be at a lower figure, using Ioovable Hare nay road's legal de- Monrovia di politically-appeinted collector did eral manager. There was the usual talk that basements and particularly in partment in the

Mr. McFaul

dustrial relations consultant, at the opening

former chairman

nation's capital. Hoosier born Mr. McCarthy is a graduate of Notre Dame-and

utility rooms, where space iz at a premium. Such tubs are made f rust-resistant galvanized steel and are set on sturdy stands

MANUFACTURED IN OUR OWN PLANT

are done, they may be rolled to

career in railroading began in the

Stev New

equipped with casters. They, too,’ Mr. McCarthy ] luncheon. Mr. can he moved to wherever * holds a law de- : McFaul is also needed: and when laundry chores gree from Indiana University, His ¥ "i n

of the speech de- Mr. Selby an out of the way corner, Big Four shops nere. MINNE partment of DePaul University. ee ————————————— Prior to joining the Pennsyl- oo i eA Edward P. Kessler, vice presi- Step Saver vania, he served as chairman of EC PHeNOT : dent of Aetna Finance Co; St Keep a steel refuse pail just the Associated Railways of In- I te They Saying’ in the TRUSdayshe number of daily trips to the ployer in 1945. mi Wire Partitions—Window Guards—Factory Fence E sending him Following hic will be P large garbage can at the rear of Call Writ sarele viola g Will Dé aul the yard or down in the basement. all er Write for Illustrated Folder es Selby, executive vice president of ___ =~ ORTH S LUMBER The cour the National Consumer Finance Call TA-2434 EAST OF FAIRGROUNDS 1701 E: 38th st. |0n & appea Association, Washington. His top- Brikcrete & HARDWARE Inc. : corpus yeste je is another big question— The Modern Masonry Te of Hoar” FREE ESTIMATE—EASY TERMS—MATERIALS ONLY OR ERECTED writ would “Where Are We Headed?” Strength—Insulation—Safety : : : turn to Inc } "he anual yaded meeting 5 Style—Color—and Low Cost in J N. Keystone at 52d.....BR-5454 State-Wide SV Cl ————— finish servi j Ww and election of directors will be |’ INDIANAPOLIS BRIKCRETE Nora Branch ...........BR-6863 = — a igh mur ery held Friday morning. BUILDING & SUPPLY, INC S vom f return fn i 0 i \ “The morning. redil Buap. | 1700 8 Tivbs Ave. BE-3431 Castleton Branch ......BR-0415 he Wodd | l if me ness Should Act Its Age” is the IY) YT validity of a LP subject of the Friday luncheon. against hin \ i" te? The speaker will be Elliott Tay- the second yr v® lor, public relations manager of \ pl Madge Ober the Pacific Finance Corp. Los REEN-STORM the Indiana WITH YOUR NEW HOME IN ||» Stephens. ments at |

Jail today v fined since 1950.

ce £2 id NaS ERIOR Ji ERS

‘BURNET-BINFORD LUMBER CO.

SAAR LUD ERY

Children React To TV Realty Plugs CINCINNATI At at session of the National Institute of Real

Estate Brokers here last week at the annual convention of the Na-

BONHAM PLACE

atnoincreaseinprice

wy is Fo : lake your choice . , . refr gerator — range -— tional Association of Real Estate ¢ / Wi freezer. — washer — drver Li chusmeh 4 wy Boards there was a discussion of A ) S 3, 1 She iryer — dishwasher — | v the effectiveness of television for. BA 7) — radio-phonoaqraph any one of. these advertising, and A

the best hours 7)

GUARANTEE INSURED BY ONE OF THE NATION'S (ARGEST INSURANCE COMPANIES

for a program. ARE ‘YOU Jerry Pratt, of New Orleans, re- : § 7? ported that his office obtained no [E=]Y : f ’ results when its commercials were ” romp ’ interspersed with sports programs, and whenever they interrupted] children’s programs they found that a great many of their sales {signs had been rudely removed

absolutely free when you buy the home of your dreams in Bonham Place—Kessler Boulevard at

; W. 30th Street—before December 31. 195] cember 31, Yo).

. » , 1 Wide selection of 2, 3 and 4-bedroom Cape Cod or Ranch homes—styled for beauty— : AL : planned for comfort . . . in this new community

THAT YOU'LL SAVE AT LEAST

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THE FIRST YEAR

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