Indianapolis Times, Indianapolis, Marion County, 20 August 1952 — Page 10

PAGE 10

U. S. Deficit Due to Shrink $4.1 Billion

By United Press WASHINGTON, Aug

{dent that

20--Pres

Truman reported today

congressional economizing defense

the

and the slowdown in

caused hy steel

keep the government

spending strike will from going as far into the red this year as he originally figured. In a mid-vear budget review he sald government spending in fiscal 1953 will be $6.4 billion less than he estimated last January tax revenues will run $2.3 billion less, and the federal deficit will he $4.1 billion smaller. Here is how Mr. Truman's new estimates stack up beside those he made when he presented the budget to Congress eight months ago Jan Estimate

$71.000.000 000 #5 400,000,000

New Estimate $64 .700.000.00 79,000,000 00

Income Spending De 1 10.300 0060 000

Congressmen

14.400.000 000 Republican were

quick to claim credit for the im-

proved federal financial picture. Rep. Gerald R. Ford Jr. (R. Wash.) sald most of the budget

sponsored by Repubof the House and

cuts were Jican members’

Senate. He said a GOP majority in the next Congress “would assure even more favorable results.”

The current issue of the Congreasional Record indicates Consfonalgress cut the President's $81.360,000,000 appropriations requests by some $8,390,000,000. These figures do not jibe with Mr. Truman's report because the congressional report was a recapitulation of actual approprias

tions bills, which carry funds for

both current and future years spending. Shows Cutbacks The prospective $10.3 billion

deficit would be the largest since the end of World War II. The President's budget review showed cutbacks in all but a few spending estimates, The atomic energy programs and the postal service will cost

the government more than he thought in January, the President said, as will veterans benefits, farm price supports and maritime shipping. But these increases in spending totaling $1,370,000,000 -

were more than offset by §7,790.000,000 {1 OF

-in decreases. S.

~"Spending defenses and foreign

avilitary ald 9) be FA.200:000.000 “1pam HAR eENimATER In Fantisrys

§

. and housing.

Other decreases have hit foreign economic ‘air, home-front ecomomic stabilization, education,

Hogs Steady To 25¢ Lower

r THE INDIANAPOLIS TIMES WEDNESDAY, AUG. 20, 1952 WED! » ® IF YO uiaing Law rave serves | wi: i : Marott Ce All Ma t Ban The winn | ear a dance fest One ca William C. Grauel, executive districts ii - vice president of the Merchants competitic City County Group ‘National Bank, marked his 50th Dance Fe | will Hire Lawyer {year of service today. State Fai! . | * The Indianapolis Association of City and County officials de- credit Men, of which Mr. Graue! Fair T cided today to hire an attorney nag been a director and offiecr for | State 1 to prepare legislation for the pro- 14 years, honored him at noor ’ been topp posed city-county building. luncheon in the Athletic Club. > 3 Mayor Clark urged the -City- The association under the iy » County Building Commission to tn : : . ' d thi diately after hire an attorney at once to start presidency of C. I. Carey, Peerless manager, CONSTRUCTION RESUMES—C onstruction of this $10 millior building at Terre Haute resumed this morning, immediately after legal spade work for a bill to be Foundry Co. presented Mr. Mr. Par the signing of a contract ending the |15.week-old Allis-Chalmers strike there, CIO United Auto Workers will return Monday to their introduced in the 1952 legislature, Grauel with two pieces of lug- campaign jobs at the Allis-Chalmers pilot plant, which makes jet engine parts for the Air Force. The Mayor suggested the at- 528¢ | purchases m———————— torney be paid a fee of $5000 or. Mr. Grauel started with Mer- at the ticl » . |$6000. The cost would be shared chants Aug. 22, 1902, as a mes- stration $ ’ equally by the city and the Senger at $200 a year. At that Grounds p 0 IS S n ineers ar ey U van in county. time the bank was located on the Babcock One legislation is passed au- southwest corner of Meridian and Claypool | > thorizing the new building, Mayor Washington Sts., the present site S h | To S Science ow Clark sald, actual construction Of I. 8. Ayres & Co, choo p 0 rive might possibly begin in 1954. Worked Way Up Butler | CHICAGO, Aug. 20 (CDN) “More than 1000 speakers will : at re De ere or He worked his way up through : OF SERV. : 1951-1952 The men who build better mouse- giscuss where we've been and Here is what might be the final sightsstory building would be the following positions to become HALF-CENTURY - final exan traps will swarm into Chicago 0... going.” report on contributions to the 0 executive vice president in |CE—William C. Grauel, execu- week post SOR 2 fer the 104ny centennial Like Who's Who SRA py City officials said they would Er Pefdapnel. pansy ye vies pradident of he Mer. a tg bf engineering. : | Althoush the Fund is closed, ced 346.000 square feet, in the! - €3FinE Ouse Workes drans chants National Bank, marks his graduate It will be the largest gathering The list of speakers reads like oug § sed, ¢ ture and the county would need department emp oyee, ookkeeper, 50th year with the bank today. 0 of engineers ever assembled . he Times has continued to. ac- . receiving teller, paying teller, note ia for their '8 : ‘a who's who of American science, | 378,000 square feet. The estimate : - 4 Thirty thousand men and women cept contributions from groups Is twice the present space and collateral teller, discount tel- graduation from throughout the U. 8. Can- industry and education. and individuals who did not have ™,, ~ 0.) ey headed by|1ST, assistant cashier, cashier and Ten Run Away \ada, South America, Australia, Included are the chairmen, the opportunity to give their, A was authorized iA vice president and cashier. ; HIGH § |Africa, Europe and the Far Fast ts ther ranking offi- money earlier. The Times will : - : : Mr. Gravel is director of the, will be ranop Presigen ? of ou on. continue to accept and report in the week: by the end of Better Business Bureau of Indian- From Boys Schoo neu resid | Fifty-one engineering societies cers of scores 0 The Times any additional con- RE SL LY |apolis and of the Indianapolis Ten boys. escaped from the High Sch [will hold thelr’ anual conventions est business enterprises. tributions, but no longer makes 1 {chapter of the American Institute Indiana Boys School at Plainfield school 110 Dr. Schister Rev. Ewing ° |here at the same time. Among them are John L. Mc- any appeal for funds now. that Fina Y Gets to Sit {of Banking. He is a member of i, vocierday. One, a 16-year-old " pom t : Serv} All available meeting places in Caffrey, president, International the goal has been surpassed. CHICAGO, Aug. 20 (UP) — Re First Church Granpelical and from Indianapolis, was recaptured Tuesday. Co Times Stale Neryies ; : . Harvester: John Holmes, presi- The money will be placed in a .Jewis Derwent, 63, a retired po- ;.¢ ormed thurch of Indlanapoils. qo night in downtown Plainfield. 3 LAFAYETTE, Aug. 20 -A goal downtown hotels have been re- Harv ; n v P He also i ber of Mario 4 : ky PUL, = g served for weeks : ‘o.: Charles Ket. (rust fund to provide for the edu- jjceman, said today he is anxious €,2.% 118 memner © rion = A 17-year-old youth from here i of more than two million new ) 8. dent, Swift & Co.; aries Ret- ..tion of the children of the to start his new job as a brick Lodge No. 35, F & A M, Indian- WAS among the nine still at large. 3 THE I young church members by 1960, The Eighth Street Theater and tering, research consultant, Gen- qjain b intruder ia his ho . Atlan apolis; Indianapolis Chapter No. . : : ; of Indian n by an intruder in me. | layer. After all these years of wh The Indianapolis youths walked has been set by Methodist youth the Museum of Science and In- C : Fred Gurley : din a SE 5 . 5, RAM; Prather Council No. 100,| ~~ or ite fall leaders and adult counselors at- dustry have heen taken over eral Motors Corp.; Fr uriey, THE JOHN L. SULLIVAN FUND walking beats,” he said, “I final- RSM: Sahara Grotto: Columbia 2%2Y from the general kitchen Fteaki tending a rational planning con- Maj. Lenox R. Lohr, centennial President, Atchison, Topeka & Previously Reported -$5044.44 ly will have a job I can do stand- jp! Athenaeum: Indiana Society in Which they had been working, Fon Ta : ference at Purdue University. president, points out: Santa Fe Railroad; Robert E. gan) Yeutal os pe san 25.00 ing still or sitting down.’ of Chicago; Construction Toate Boys Schoo) Sant. inden Newell a for at . ! : i hai - City Salesmen Club o - | i said. e 0 8, y €8“Thi hallenge 1 the. “It will be a cafeteria of learn- Wilson, board chairman, Stand : . lof Indianapolis, and the Indian- : . i TULL 2 nlienge 10 Aa hs ing, where the visitor may look ard Oil Co. of Indiana, and L. A. Indianapolis vessenes 23.00 Official Weather apolis Chamber of Commerce. caped by removing a screen from Wl a ’ Schisler Nashville Tenn. Jointed over the array and select those Pubridge, president, California Anonymous Please ...... 5.00 UNITED STATES WEATHER BUREAU ro hc |a basement window of their cot- : ‘ as urged. i b oar Which interest him.” Institute of Technology. Blanche Pinkus ........s J —Aug. 20— |tage. credit pro out as he urged. the eight-year al : “ " John Browder ....... "ee 500, = —— te Fa Indiana Sineers off Three boys escaped from the classes ii goal. “Twenty million youths in The centennial observes the A “living” cornerstone will be "Ub "ot Sunrise 6:02 | Sunset vias school Saturday. “You'll have run- French cc the United States do not belong founding of the first engineering, laid at the Museum of Science Grout > : 8.00 Precipitation 24 hrs. end. 30 am 00 To Canada Exhibit aways as long as you have a of the mc to any church or synagogue,’ he society in America, the American and Industry Sept. 3 to mark the 14 1 p eee ses 2.00 Excess.” since Jan. since Jan. ..1.. 30.43 Boys School.” Mr. Fewell told The ——— 20 2 Society of Engineers. opening of the 10.day meeting. 1 any s Hla 2 8. eT S . LAFAYETTE, Aug. 20 (UP)— oa ii i Delegates were divided into two Horse to Car Unlike traditional cornerstones ' rom Ray and Max .... ruihe following table shows the tempera- More than 2000 Indiana farm y\olay. roups. . One planned for the] i concerned with mementos of the : Sa Ior ¢ High Low Wives left by train, bus and auto Methodist Youth Fellowship In that period, the nation has past, this stone will be dedicated 10UaY's Total ......8 T400 adania™. oon #8 "8%" today to take the singing voices] Gregg Cleaners Opens while the second studied : the BOne from candles to electric/to the future. Total to Date ......$5118.44 &ieelana Tre 8 8 of the Indiana State Home Eco- Madison Ave. Store ’ lights, from horse and bu to| Ci enysr ves >. :a nomics Chorus to ehe Canadian . Methodist Student Movement, gBY : Eyansville . 92 68 Both merge tomorrow night for Nigh speed cars and airplanes, Local Truck Grain Prices She Gets Elected RaThe rere ‘159 33 National Exhibition, Toronto. Gregg Cleaners has atiered 3 the national conference of Meth- {Tom pony express to telephone, _ Seabla ’ Indianapolis .1l.11010 . 83 68 Three special trains left Wash- new cash and carry store a e odist Youth, which runs through rdio and television. | Wheat, $1.96. BOSTON, Aug. 20 (UP)—--Grace $35, A0keles -....... 2 #8 8 ington, Terre Haute and Attica, Madison Ave. shopping center. Sunday. Magnificent skyscrapers, bridges Yellow corm. 18s. L. Johnson of Toledo, O. was Minneapolis-St. Paul .. . 81 68 picking up chorus members at The store, which began operaLeaders of the two sessions 2nd highways are further testi-| Qats ic. elected president yesterday of the New York rd © 80 68 each stop. They will picnic at tion Monday, offers cash and were The Rev. Harold W. Ewing, MOny to the engineer's efforts in| ——————— — —_ National Women's Relief Corps gnana™ © - © 81 71 Niagara Falls on Thursday and carry prices on all laundry and director of vouth work, and The Shaping a new civilization, Keep up with fashions with Auxiliary to the Grand Army. of Fittsburgh -..... 15 5 present ‘a special “unguarded dry cleaning services. Rev. H. D. Bollinger, director of Here is the theme you will Betty Locher In your Sunday the Republic at the group's 70th San Francisco .. 7 48 border” program at the exhibi-| The grand opening of the store, college religious life. Both are find running through the centen- imes. _ : annual convention. bY Pog ney Re 4 tion Friday.” Let M2630 Madison, will be Aug. 29-30. of the church's Board, Of Educa- nial,” Mr. Lohr said. DE x : ———— " y . A Yc Hog. sa Sra BE it ATO oy fn leas than 6. ger-sent. ark. = . PER Ay AR bees - F Pr mL eR NR] : : the world’s area and less than TREK r ‘AN 4 Children Sicko [7 per cent of its population, we - 5 With Polio Improve in: America own: ” A | . f : | “72 per cent of the automobiles. aN LA CROSSE, Wis, Aug. 20 “40 per cent of the telephones. (UP) The four Hjornevik chil- 90 per cent of the television sets. dren, stricken by polio the same “50 per cent of the dios. week their sister died with the; “34 per cent of the rallroads. disease, showed improvement to-| day, but hospital authorities did [ocal Stocks and Bonds |

Barrows and gilts sold about steady to 25 cents lower than yesterday in trading today at the Indianapolis Stockyards. Early sales on bulk choice 185250 pound hogs were at $22.2522.75. Light 160-185 pounders sold at $20.50-22.50. Sows sold steady to 25 cents or more lower, Early sales on steers and mixed yearlings were about steady, Load of good and cholce mixed yearling sold at $31. Bulk utility and commercial cows brought bids of

$19-22, A top bid of $30.50 was made on commercial and good vealers,

Hogs 8000. moderately active. barrows and giits steady to 28 cents lower: early bulk choice 185-250 pounds $22 25-22 75. 250-275 pounds $21.75-22 50. £20 50-22.50, uneven, lower

160-185 pounds 120-160 pounds §17-19, sows steady to 5 cents or more choice 300-350 Poult 318-19: 3¢ $16.75-1 450-550 pounds £15 50-16 50

Cattla 1000: calves 300; early sales steers and mixed yearlings about steady: load 1211-pound steers $32. load good and choice mixed yearlings $31. small lot cholce mixed steers and weighty heifers $32 50; most light streets eligible $27 5011. cows moderately active, barely steady to spots weak to 25 cents lower: bulk itility and commercial $19.22; canners and cutters $14.50-19; vealers fairly active,

pounds

steady. choice and prime $£31-32.30. commercial and good $26.50-30.50, cull and utility $17-25, Sheep 1000: fat lambs rather slow, not

fully established but few sales 50 cents-$1 or more lower at $29.50-31 for choice and prime: good and chotce $26-28.50; slaughter ewes about steady: good and choice $7. 80- 9 cull and, Jutiity $5- 1 =

u. S. Statement

WASHINGTON, Aug. 20 (UP)—Government expenses and receipts for the cur-

rent fiscal year through Aug. 18, com pared with a Year ago 0 This Year Last Year Expenses § 9.544.583,142 § 7.397.833.1582 Receipts 5.451,132.085 4,173,070,631 Deficit 4.093.451.056 3.024.762.521

Carh Balance 7.390.434.442 Public Debt 262.907.016.660 (Gold Reserve 23,343,473.782

5.692.823 461 256.279.869.332 21,799,725.788

Produce

Eggs — FOB Cincinnati — Consumers grades: U. 8. A. large white 62-65'c; Brown mixed 62-64'3c; U 8. medium white 55-58'zc brown mixed B§5-58'ac: wholesale grade: Commercial graded 40 per cent extra large white 53-55¢; brown mixed 53-55¢ current receipts: Cases exchanged 36-40c: top quality firm. Liberal supply of poorer quality Prices unhanged Chickens white 34-36¢ ight 14c

Red 34-36¢c: white crosses and hens, heavy, 10-22c; hens nld roosters 14c. Heavy weight fryers firm and bringing top prices Balance steady Prices unchanged Butter—Creamery, - 90 score 177c. mium butterfat 6le; regular 86¢c

pre-

PARTLY CLOUDY AND CLOUDY AREAS

re ees ————

not know whether paralysis would! result.

—Aur. 20, 1052 —

Doctors said Ardella, 12, Ber- adTOUKS Loan 3% LS. anes nard, 14, Helege Jr, 16, and Jamel eh Sates Cisse A ae 3% ‘ Danny, 4, “were continuing to im- Ayrshire Collleries com ...... 15'a 18 prove,” They were stricken in or-|L. 8. Alves ia% bid ....... Lid dér last Thursday, Friday and Belt RR & Stk Yds pfd ..... 83 66 Saturday after their sister, Bons orn an ord H Beatrice, 20, had died of the dis- Bubner Fertilizer 5% ptd ... 95 ease on Wednesday. TIN Sot D Cameres Som oo 3 3 m et Circle Theater oom 40 I'hree other youngsters at home Citizens Ind Tel 5% pfd .. 50% appeared to have escaped the Commonwealth Loan id of | .. 86 8 la ineA {Cont Car-Na-Var « .} 1h disease. {Cummins Eng com .. ....... 31 34 - Cummins Eng 4'%% pfd ...... 88% 101% | Eten) ind Te 2% pfd .... 4 auitable ecurities com ,,... | Equitable Securities ofd ..... 34 Nude Body Found Delta Electric com .......o0ee 12% 13% ramily Finane COM ..eeee w' PALM SPRINGS, Cal, Aug. 20 Family PATE 8% oftd ...... 95 {UP)-—The nude and bloody body pir, Core, oid om Ne of a teen-age girl was found to Hert? Jones Class A pfa ome T & T 65% ptd day lying in the middle of a road Hook Drug Co com 1 connecting this winter resort city Ind Asso Tele $2 nfa .. 3 with Thousand Palms, eight miles hd wah & Wat com i away. It was found by an Indio, no, M'O, FL A, od Go. " C . ov Zeller Ind ov "art com or 38% 19 al, merchant, Roy Zeller. Fable ow a Leta pH 0 - *Indianapolis: Wateg com 17'a 18%, Indianapolis Water 4'( pfd 100 Indianapolis Water 5% pfd 105'3 Jefferson Nationa! Life com Ny 1 Kingan & Co com : in Kingan & Co pfd 8 Lincoln Nat Life 149 ‘Lynch Corparation 13% *P R Mallory . 364 Marmon-Herrington com .... 43 a Njagtic Asphalt =~ ~......... S's LES Natl Homes com ¥2 3% Natl Homes ofd 100 2 NAME M h N Ind Pub Serv com 25% 2™ N Ind Pub Serv 4's ofd Be 8 [LLL CULE GAL is $10 N Ind Pub Serv 4'; pfd 26 ‘ ' *N Ind Pub Serv 4.56 pfd ™% MM I LL [TT FIT 141] Srogrece band ry [com 3H a” Pub Serv of Ind 3'3 pfd 2 i Pr ee nd Mae Hu If your purchase is $50 *Ross (Giear & Tool com 4% A ichwitzer-Cumming 5'y pfd 17g 18° OWN if Ld purchase $15 30 Ind G & FE com 152 Mu io Ind G&E 48 pfd i Tanner & Co 5'a% pfd 9 14 J] [ALL purchase NY erre Haute Mal'eahla a] Fokhem-Oil Tk Pump ...... 15%. 163%, TERMS ] ur purch i 8 Machine com dt » ih yo P All $200 nited Telepnoane 5% of ‘er 5 . p Unfon Titlle com iiarannne 64's n rv J LLL purchase $300 *Ex dividena Al KiRK S . BONUS If your purchase is $500 Allen & Steen 8s ow" a ear ¢ American Loan 4'48 60 ..... 5 ens { American Security 68s60 ..... 95 ven J] your [ITF NI American Loan 4Vae 3» Bastian Morley 8s ee “ " | Bateaville Tele Co 49s eens! CRUISAIRE"—A new 41/,- Buhner Fert liiter 8s 8 38 sss “ Ch of Com Bldg 4'as seen) horsepower motor scooter is be- Jolumbla Club 3.88 a . 8 £ . . . Fauitable Securities 8s ee ing introduced in the Sears 'nipis Paint & Color se 64 99 Il fr Indpls Publie L Ss 64 95 Roebuck & Co. store here. The io Baha ve tr ar 58 » 4 scooter, designed and manu. [09 Limesione 4818 o.oo. au v : 3 Lang k 5 58 aves 8 factured in Italy, is called the If\nistnkamB (Oe si. 67 a» eg " vor . AD “on 8 Crulsaire” and fs .reporfed fo :30fT Aris C0 3x s% on Traction Terminal 5s RT LL} 9

have 2 top speed of 45 mph.

Fx Dividene

Demyen Je

LF i /

9:30 A. M. to 8:30 P. M.

Gp Sones MOWERS

RIZE ~="scattend

a

Open Monday and Thursday

ii C1

LL! ILL" LL" LL! LI LL!

e (3 [[ ge ge! i get $100.00 Additional get $200.00 Additional

KIRK'S BONUS SALE

Is well known in Indianapolis, and throughout the entire state of Indiana. It is not just an ordinary clearance sale, but a bona-fide sale of the very latest styles in home furnishings . . . at the lowest possible prices with an additional 1/5 MORE MERCHANDISE—AT NO EXTRA COST! During this BONUS SALE, KIRK'S will be doing everything humanly possible to bring you the lowest of prices... FOR REAL VALUES . + + remember, ALWAYS SHOP KIRK'S FOR FURNITURE!

BONUS SCALE

i i ae of vour lection at n

$2.00 Additional $4.00 Additional OKIE $15.00 Additional AOR YT HITT RV HITTITE $60.00 Additional

[RTL Merchandise of EIST Merchandise of vour lection at no Merchandise ¢ lection at no ¢ Merchandise of lection at no ext Merchandise of lection at no ext Merchandise « lection at no Merchandise lection at

Merchandise

that cannot be included in this BONUS SALE.

lection atl no evtra cos

se STEN your Seal no extra cost PY extra cos

3

NAME YOUR OWN TERMS AT KIRK'S

LOW PRICES -BIG SAVINGS -in the BONUS SALE!

Compare the prices . . . the quality ., . the styling. See for yourself . . , you get the BEST VALUES at KIRK'S . . . plus the 1/5 MORE MERCHANDISE during our great BONUS SALE! Shop with confidence at KIRK'S!

LAYAWAY YOUR SELECTIONS...

A Deposit Will Hold Your Purchase ...and Your Bonus!

Here's How the BONUS Sale Works!

After you have made your selection of furniture from Kirk's complete stocks, you then make your own BONUS selection up fo 1/5 more the amount of your purchase. For example « « « if your purchase amounts fo $10, you are entitled fo a $2 BONUS in addifional merchandise—AT NO EXTRA (OST. If your purchase amounts fo $100 you get a.$20 BONUS in additional merchandise—AT NO EXTRA COST. Unfortunately, there are a few Nationally Advertised and Fair-Traded items

OPPOSITE

SHOP ALL DAY THURSDAY—9.30 A.M. to 8:30 P.M.

NEW MERCHANDISE ARRIVING DAILY TO KEEP OUR STOCK COMPLETE

215 W. WASHINGTON ST.

STATEHOUSE