Indianapolis Times, Volume 45, Number 89, Indianapolis, Marion County, 23 August 1933 — Page 2

PAGE 2

RUG PRICES CLIMB WHEN COTTON COST AND WAGES START GOING UP LADDER Floor Covering Which Sold for S9O in 1929 Drops to $24, Rises to $27; May Be $35 in Month. Tim ii th. third of a wrln on farU r.t.alod In a turvrr of nrjci in cit* Horn. BV NORMAN E. ISAACS Tlm.i Mart Wrtlrr "Prices." said th* rug man. “are going up . Th* rise in rugs is inevitable. FVir on* thing, ihe prices on rugs dropped too low during the depression Now they're coming back to their own and the rise is pretty steep " Mr and Mrs Young America looked over some rugs admiringly. Mr Young America Just has gone back to work thanks to President Roosevelt’s National Industrial Recovery Art —and they’re thinking of furnishing a little house, mst a little one. all spic and span.

It looks as though hell have a steaoy job. too His boss has plenty of orders and things look much’ brighter than they did a year ago, or two years ago. or even three years ago Rugs Cost .More "Sure.” said the rug man. nodding his head, A lot of men have gone back to wArk in the rug business, too There's cotton in this rug you're looking at and wool and thread and a lot of other materials you never even think about. "Back in 1029. I was selling this rug for sfKi Last month I sold on* lik* it for $24 Today, it cost $27. Next month. I think it may cost about $35 "Normal price? Oh. Id say around S6O It will reach that again Perhaps soon Here’s another rug It’s a good on* I was selling it once for $195. Now it costs $l3O. Last month I was charging $l2O. "The manufacturer is charging no more for it. When the Presidents blanket code went into effect the manufacturers had to raise pay all along the line The textile industry stepped up pay and the cost of cotton the manufacturer w>as buying went up accordingly. Manufacturer Asks More "What with the cotton price rise and his price rises for his other raw maierials. and with the increased money h* was paying his own employes. he has to ask me for more money. "Now, I’ve got several employes. For instanre. the stock boy. I was paying him $lO a week I've raised him to sls under my pledge to the NRA. Thai increases my costs. I have to add a little more to the ! price of the rug. Up goes the price, i ’’You're going to buy a rug. You buy this one. perhaps. I’ve got to j order a replacement. If I sell ten I or twenty runs this we-k, I've got to! order that many replacements. "Other dealers over the country 1 are doing the same thing. The manufacturer has orders. He orders I more cotton, more wool, more thread, and perhaps he hires fifty or sixty more workers. Cotton orders pile up in the cotton factories and perhaps more will go to work there. That's the cycle of the thing. No Unfair Practices "The only thing I haven’t mentioned is that if others make money, they'll buy. too. and both my busiiness and your business will be good. We'll both make more money. "The President s code is a wonderful thing, and our rug code is. too There are no more 'unfair practices' in the rug business. The wholesaler can't give discounts and rebates and all the little tricks he once had to resort to "Those things we used to call unnecessary evils are all wiped out. It's a whole lot fairer The wholesaler now doesn't have to worry about some other wholesaler coming behind his back and ‘cutting his throat.' "Things are equalized a whole lot and it makes things easier for him and for me I've spent a whole lot of money latery buying rugs from the wholesaler. He tells me prices are going way up He didn't have to tell me I've got some rugs that I can sell at fairly reasonable prices. Businev, Gets Better "When I order again, prices will be way up. But business really has been better and things look a whole sight more cheerful. Why, do you know. I've sold more rugs in the lyast two months than I did in the whole fi\e preceding them. "Sure, now’s the time to buy It’s not propaganda. What good would it do me to buy a whole lot of stuff and hold it, praying that nobody will buy and that when prices gs up I’ll make a real cleanup? "If no one buys, prices aren't going up My business doesn't depend on price. It depends on volume The little fellow is buying now That's what counts. "He's buying That makes me buy. That means the manufacturer has to buy Listen, they're calling this thing artificial Artificial or not, there* business in the air and the wheels are turning "If you ask me. it's just what we needed We're going places now But listen, friend, buy now." Next—A department store man "spills the beans." FISH FRY IS PLANNED Ninth Annual Three-Pay Event Planned bv West Park Christians. Ninth annual fish fry of >K West Park Christian church will be given Thursday. Friday and Saturday nights at Washmgton street and Belle Vieu place. Dinner will be served each night between 5 30 and 7. with a musical program by the Schilling concert orchestra. Other musical programs will be given by the Size quartet. the Sahara Grotto drum corps and Clarence Harding and his Blue Ridge Mountain girls. Plans are being made to accommodate approximately 40.900 persons during the three nights and proceeds will go to the church building fund.

Hanning Bros. Dentists wUV W.tSHIM.TOS * M*. VI r T T T XJ' KKCI4OK X 4. i

FARM CREDIT UNION FORMED Branches of 28 Units in State Organized to Aid Growers. Credit unions of twenty-eight farm bureau units will form the membership of a state-wide credit union organization to aid farmers, according to C. H. La Selle, representative of the Indiana Farm Bureau Co-operative Association. It will be known as the farm Bureau Co-Operative Credit Union Association of Indiana. "The purpose is to promote interest and co-operation among various county farm bureau cooperative credit unions and to assist the other counties of the state in co-operative finance activities," La Selle tsated. "It will take a leading part in legislative matters nffpcting the farm credit and financial situation " The state body will do collective purchasing of necessary supplies and will establish a uniform system of accounting for member units. Any farm bureau credit union in the state is eligible to membership. Officers of the organization are: La Selle, president; A S. Carter of Evansville, vice-president, and Miss Nondas Jefferson of Wabash, secretary- treasurer.

REVISE SYSTEM ON PRISON MADE GOODS McNutt Takes Action to Comply With Codes. Indiana’s penal population is not included under NRA provisions, but the NRA and thr Hawes-Coopcr act. which will be effective next year, have resulted in plans for changing the present prison goods manufacture in the state. Governor Paul V. McNutt announced today. McNutt said he had been advised by NRA officials in Washington that there is nothing in the recovery act. apparently, to prevent states using penal labor in manufacturing anything desired, but that some codes, when approved, may prevent private industry from using prison labor to produce its products. Tins has resulted in decision to concentrate on articles which can be used by the state in its various institutions and by its political subdivisions. such as shirts, overalls, soap and similar articles, replacing to a large extent article at present manufactured for the public through private contract. The Hawes-Cooper act permits legislatures to regulate sale of prison-made goods from other states within their own states. This will reduce sales of Indiana prisou products in other states. The Governor said the Indiana state prison will concentrate on manufacture of soap and a few other articles. A bindery to furnish supplies for various including the universities, is being installed at the prison

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THE INDIANAPOLIS TIMES

AUG. 23. 1933