Evening Star Newspaper, November 8, 1935, Page 35

THE EVENING STAR, WASHINGTON, D. C. FRIDAY, NOVEMBER 8, 1935. DUTLOOK CHEERNG T0 10WA FARNERS Purchasing Power of Prod- ucts at “Parity” Geal of Administration. By the Associated Press. AMES, Iowa, November 8 —Economic | charts which record the month-to- month condition of the Iowa farmer reflected the brightest agricultural| prospects today that Iowa has seen in five years. The purchasing power of Towa farm | products has reached “parity,” the goal of the Farm Administration, Iowa State College economists reported. Towa farm income. increased by | $80.000,000 in crop benefit payments, | has climbed steadily. Farm Debt Recalled. cipitated & farmer uprising sgainst mortgage foreclosures. The mortgage debt was still high— around $900,000,000—but farmers now have cash with which to pay interest aud some of the principal. ‘The 1935 corn crop is near normal and the outlook for next year is bright, they said. For the first time since the farm re- volt, the price index of things Iowa farmers sell and the price index of things they buy lave come together at “parity.” The produc’ farmers sell will pur- chase as many of the products they buy as they did during the 1910-14 iod, which has been termed | “parity.” Towa Farm Price Index. ™ e TIowa farm price index climbed to the “parity” level September 15 and held it through to October 15. In September the Iowa farm price index | was 128 per cent of the 1910-14 level, a.ad the index of things they buy also at 128 per cent, giving farmers 100 per cent purchasing power. On October 15 Iowa farm prices were out in front of the Nation's farm prices, the natio -1 farm price index standing at 89 per cent. available for sale was still below nor- mal. The ITowa index had climbed 82 points from the all-time low of 41 per cent in January 15, 1933. — {LEGGE FARM FOUNDATION RULED SUBJECT TO TAX Attorneys Will Appeal View State Is Entitled to $122,800 Levy. | By the Associated Press. | CHICAGO, November 8 — Judge| | Win G. Knoch of Du Page County ordered payment yesterday of a $1: 800, State inheritance tax on th $500.000 fund established in the il of the late Alexander Legge for &, national farm foundation. | In assessing the tax, Judge Knoch agreed with the contention of Atlor- ney General Kerner of Illinois that the fund was not tax exempt because | it benefited farmers throughout the country. Attorneys for the foundation, dedi- cated to agricultural research, an- | nounced the ruling would be appealed. Woman Teachers Hinder Law By Refusing to Tell Age By the Associated Press. forts to obtain legislation establish- i.g » teachers’ retirement system on the respondents RICHMOND, November 8.— The |teaching school two years before they Virginia Education Association’s ef- | Were born.” Another of the difficulties encoun- tered in estimating how a teachers’ retirement plan would work in practice, “must have been . Light Meat Eaters. a sounder basis than the one now in | ne told his listemers, is the greater lon- | icans. elXect is hampered by the reticence of women teachers to tell their true ages. The 20,000 questionnaires broadcast throughout the State in order to ob- -'n statistical data to include in the | association’s program contain blanks for the birth date of teachers answer- | ing the query, Dr. C. J. Heatwole, ex- | e. “tive secretary of the association, | told a public hearing on tax matters | several days ago. He added that he | was having difficulty in obtaining cor- rect answers to that question. Dr. Heatwole told the hearing, ar- | ranged by the State Chamber of Com- m:.ce on taxation and Government, that in a previous inquiry a check of some birthdates submitted against Confectioners XXXX For smooth uncooked icings gevity of the average woman teacher as compared with male teachers. He recalled that one of the retired teachers receiving restricted annuities under the present plan died at Nor- folk a few weeks ago at the age of 103. Japan's consumption of meat is about 2'; pounds per head, compared with some 280 pounds eaten by ‘Amer- Little Boy Blue, come blow your horn, ‘Your summer oil is old and worn; Give Gulf 7 minutes to drain and refill’ With an oil that lsughs at winter’s chill. Will starting be easy? Yes siree! And there’ll be no strain on your battery! B&~ Change now to GULFLUBE WINTER GRADE woroz oz Q8¢ 4 ovarr REFINING COMPANY Th~ State College professors re-| Economists pointed out, however,| Legge was president of the Interna- | State records revealed that some ot ealled the billion-dollar farm mort- | that parity farm purchasing power did | tional Harvester Co. and a former | gage debt and the “sacrifice” farm not necessarily mean parity from in-'chairman of the Federal Farm Board. | prices of 1931 and 1932 which pre- | come, since the volume of products He died twc years ago. WoopwARD & LoTHROP| DOWN STAIRS STORE ‘WoopwArD & LoTHROP 0™ 1™ AND G STREETS ‘Prone District 3300 Smart, Warm SCARFS Scarfs that give snug warmth on a cold day, but—what is more—do it smartly. Warm wools in plaids, checks and plain colors to match your particular taste—if you pre- fer—snug silks in colorful Persian designs and figured patterns. 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