Indianapolis Times, Indianapolis, Marion County, 16 March 1952 — Page 50

_- Business Outlook— Taxes Are is Just Too High |

. . By J. A. Livingston After World War I, people complained about the high cost of living. Today, nearly seven years after World War II, they're complaining—with increasing irritation—about == the high cost of government. The ‘money to spend just

I'm no political expert. But that After all, a large group of, and wife.

WEST SIDE——Edsel Realty Co., realtors, sold this modern fiveain't around. The government's] | room home at 2845 W, 29th St. recently for Mr. and Mrs. John got it. lcost-ot-living contract sees to, Sipe. The two-bedroom home is now owned by Joseph J. Brennan

my hunch is that government workers—every three months— |

campaign. income keeps pace with the price They could have been a factor in of meat, shoes, rents and trans-

Néw Hampshire, after all, occurred just when peo-| | CHICAGO, Mar. nia were busy with their income But their purchasing power 4

higher this March than in March, and cents don't go as far as they continued on the

Sen. Walter F'. George (D. Ga.), long. They know the answer: The of last Friday. chairman of the powerful Benate increased withholding tax. Finance Committee, had just

in President Truman's budget. s,. oq “slack” in retail sales.

Sen. Paul ‘H. Douglas (D. IIL) lect h acrecommended a similar reduction. (ro. of collections on charge top. Most choice |

The Jotin Cammittee on the Eco-| ing behind a yéar ago. And 260-200 pound av

nomic Report, headed by Sen.| | Joseph C. O'Mahoney (D. Wyo.),| hough merchants point out that |$16.50.17.00, Seve

wart, argued for a $10 billion slash. Thus, high government |*CATe buying and an early Easter pounds as low as

costs were in voters’ minds.

New Hampshire Lesson [they're apt to reply: “Not good. 500-pound weight

In New Hampshire Kefauver

was a television symbol; The man Weak. below.

what a factory worker with three dependents has left over after al- Return to Classicism which was a new lowing for (a) the cost of living] fed crop early

than a year ago.

Thus, taxes are beginning to techniques to curb demand. The

impact. The General Motors’ count rate from 244 to 4 per cent.| {Jamestown White

This not only will make the cost| | Steel Kitehen Cadi- * of borrowing more expensive but| | nets built snd in. it has already caused a slump in| I Palled exactly os vou : J government bonds and the stock|! ter estimate.

market, Investors, therefore, feel

poorer. They're less venturesome,|j &% APPLIANCES FENCE BIOrer, They ve tens venturssome. | avy mask suse pansion of nondefense and non-

of fences and iron work. was increased to produce a sur-

At the close most choice 100-| This pressure on the worker's 239 pound barrows and gilts sold| necessary to raise their price

urged a seven billion dollar cutingy goes far to explain the con-|in gu range of $17.40-17.75 with Sights somewhat on major

sales comparisons with 1051/290-330 pamnd heavies went at usually an administration stal-| ould be discounted because of $16-16.60 and a few up to 350

(then, nevertheless, when you ask weights 400 pounds and

directly, “How's business ?’'’, closed at $15.25-16.25 with 400s $14.25-15.50| Compared to Friday last week, record highs. Chemicals per- SAVE NALF

a modest supply of prime fed formed poorly and brought the (steers brought $38.00-39.50 with |industrial average down a small |. the top of $39.50 pald for siX amount. Some of the metals, loads 1050-1275-pound weights. Altarm implements and mercantiles|

not good at all. The ufdertone’s|and big weights to $13.50 and

against crime and corruption in General Electric and Westing- Slaughter Lambs Lower governmest. And the tie-in of|house have just announced sub-| glaughter lambs ended the few loads prime steers weighing corruptios and the high cost of stantial price reductions on elec-|week 25 to 50 cents lower with 1400 pounds sold up to $37-838.50,| moderately. government — taxes — may well|tric refrigerators. Newspapers are kinds scaling 112 pounds up most-|including a load 1616-pound have cost Truman votes, Wherifull of advertisements of mark-|ly 50 to 75 cents off. The quality weights at $38.50. people are hurt financially, they|downs on washing machines, and average weights was very|

after adjustment for living costs a sacred cow. Food subsidies were §26.25-26.75, mostly $26.50 down. Division of Ceco. and taxes, his actual purchasing reduced from 410 million to 250 Most utility to good native lambs | ss so ———

power is down 1 to 2 per cent million pounds. J — N from a year ago. Churchill is trying classical YOUR CABINETS BUILT LOG CABINS, ak

have a tangible, not a fanciful, Bank of England raised the dis- ‘to sult your needs

Lowest Prices | essntia! production RAUP 2A || “GIRGLE GITY CABIN GO, Visit America's finest display ne dauion: the tax PrOSTAM |y451 N. MERIDIAN HI-5008 1488 Capitol Ave.

costs will be 3 Dotent ToBusnes In{recetves pay increases as the cost! : » “ the svel leading Np 0 the No-|of living rises. Bo, their sonar Cattle ane Hog Prices Rise, President Truman's defeat In portation, Sheep Prices Show Decline

Sen. Estes Kefauver's triumph, Retail Undertone ‘Weak’ By United Press $22-25. Culls $17-19. Mixed year-

15—Cattle and fings and two's $20. Blaughter

: {hog prices rose on the livestock ewes steady to we at $11.50tax returns. And taxes were doesn’t keep pace. Their dollars pa yet this week while sheep 14.50 Rr. ho lo choice

decline, Prices ewes $14,75-15.25. Culls $10-11.

1951. Not only that, but Con-|used to, despite the cost-of-living|of barrows and gilts closed .at| : gressmen have revolted against adjustment. When that happens, the week's Land Tate and gen-| Cattle Supplies Light another round of tax increases. [they wonder why, but not forierally 15 to 35 cents above sales

230-250 pound Prime beef was the only grade 1951 report of Union Pacific Rail- |g count purchases this year is run-| weights brougth $17.-17.50 with “hich. encountered a dependable

erages mainly trade at the wholesale level, Thus,

while fed steers and she stock ral loads of ; Income from oil properties pracclosed the week unevenly strong tically brought earnings back to

to $1.00 higher, with the general

|selling 50 cents higher, the Price 15.75. BOWS market was a rather forced |" youd, INSTALL IY 1688 a ¢rair. { A long list of the oils set new YOURSELF

react. That's the first economie|driers, and similar consumer dur-iuneven, with strictly fat lambs C C B lesson of every successful poli-/able goods. Yet this is the time of jusually excessively heavy. eco Lorp. Buys tician. \the year when sales are supposed| Compared to Friday a week New Castle Plant

The high cost of government to pick up without benefit of price ago, the week’s bulk fed wooled has caught up with the working cuts, especially sales of refrig-|/lambs sold at $25.75-26.50 with an | man. The Department of Labor erators, just before warm extreme top of $27 paid sparingly. (UP)—The Bterlin g Windows, | compiles an index which shows weather, The practical closing top was|inc, plant here, has been pur$26.75 after the peak fell to $26.50 chased by Ceco Steel Products

low on winter Corp, Chicago, and will be one of in the week. 10 Ceco plants in the nation, it

) The high cost of government 18 Closing to h 1 and (b) taxes. He's worse off worldwide pressure, That's evi-|g2e g 5p on 5 Ih lamin aa was announced today. For example, in January his/dent in the British budget. To pers sold at $24.25. Most 119-130- plant are expected to be transpay envelope contained about $67 Permit a rise in rearmament out- pound wooled lambs s0ld at ferred here. The local plant will —just about an all-time high. But|lays, Prime Minister Churchill cut $2450.26. Bulk 102-112-pound/be known as Sterling Windows

Bome operations of the Chicago

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THE INDIANAPOLIS TIMES : : ev | Rail Stocks (Grain Prices Up

issies were concerned, the per- to meet support stimulated by a

The ots lightweight at the $17.75 slaughter classes even thoughistood out in bold relief in the inches around the long way, | CALL OR WRITE NOW FOR FREE ESTIMATES ee Vt : hi

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NEW CASTLE, Ind, Mar. 15 might spread. |

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: : | “ - At N Hiah During Week ew 14 I CHICAGO, Mar. 15 (OP) , Grain prices advanc on the NEW YORK Star TN Railroad Board of Trade this week mostly shares ‘made stock wgarket his- under the leadership of corn and tory during the past®Week when Oats.

their average rose to a new high| News ‘concerning exports ‘ensince Apr. 20, 1931. couraged some buying particu-

But so far as the individual'larly in rye and corn. appeared

formance was not very {mpres- Steady to stronger trading basis sive, according to market an- On. the cash market this week alysts, : and a belief on the part of the Only two of the rails made siz- Department of Agriculture that able gains and these were made Cattle and hog. prices will be not because the roads were doing higher later this year. well as rallroads, but because of Wheat ended the week fairly thelr oil potential. Northern firm but with ‘no impressive Pacific, the outstanding feature, Progress made on the upside. The spurted on its Williston Basin Market was under some selling land holdings. Southern Pacific Pressure due to additional mois-| made a good gain on its oil lands ture received over the southwest £00. winter wheat belt.

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The other rail avances—four| However, this fact was more | call or Write for Prices or Soleimen

of the 20 issues in the Dow-Jones OF less offset by a fair amount Call TA, 2434 EAST OF FAIRGROUNDS 1701 E. 38th St.

rail ‘average — were fractional. [Of export business in wheat with RECTED : Five issues“in the 20 held un- France, India and Malta. Also + VRER TAT te Wide Servic re changed while nine declined on Japanese importers were sald -t0 ‘em————— - the week. be contracting for Pacific Coast

a RE bik ~__ SUNDAY, MAR. 16, 1052

The real wide gainers were the Wheat presumable in antiéipa-

ofl shares which responded to !lon of large purchases to be favorable earnings reports of the Made early in April by the Enclosures companies, proposed splitups in|J2Panese government.

Istocks, and record production of eT ——— ; With cattle pplies the. Ught | petroleum and its products to- Hen Lays Giant Egg | NOW IS THE TIME T0 ORDER € su e lighl-igether with prospects of a con- BUFFALO, Wyo, Mar. 15 (UP PORCH ENCLOSURES or RUSCO BREEZEWAYS jon, he dea Sora second tinued demand for ofl, ~~ Mrs. Frank Schrater’s or a , spring and summer enjoyment . . . 90-| ’ Gives Railroad Boost Austra hen laid an egg six and only the RUSCO all-metal window has all the necessary

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