Indianapolis Times, Indianapolis, Marion County, 29 July 1936 — Page 8

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———— La Ey X

,andon’s Stand on| PAGES es - isan, WEDNESDAY, JULY 29,1986 ~ = ~~ cific Tr aler I5 ao

Labor Found Neutral.

BY JOHN T. FLYNN ced

YORK, July 29.—Gover- # N nor Landon began his acceptnce speech with a prayer for simple and . straightforward speech. [et us see what, in simple and straightforward speech, he had to Say about one of the five great _ Sssues he chose to discuss in that dress—Ilabor. Where Mr. Roosevelt or Mr. Landon stands on labor is imt now chiefly as that stand affects the current phase of the labor question. What is that phase? The laborer is entitled to the highest wages, to the best working conditions and t h e shortest hours consist- : ent with well- : managed industry. To this principle, of course, ‘Republicans and Democrats loudly ‘assent. What the collection of words means, however, will depend on what a man thinks they mean.

2 FJ " . workers also are entitled to * organize. into unions. And ‘ in these unions they have a right . to collective bargaining. These are also principles which both parties and candidates indorse. But here again the mere phrases can be made to mean many things. Let us see how specific, then, we €an make Mr. Landon’s stand. The eternal labor dispute now has reached a point which is easy to

define. The principle of labor’s right to organize is so universally accepted that organized business can no longer deny it. It has sought, therefore, to circumvent it. And its strategy has taken the form of company unions, which are labor organizations sponsored by and managed under the aus-

COST OF LIVING SHOWN ON RISE IN INDIANAPOLIS

All Items Index Moves Up From Depression Low of 73t079.2.

The cost of living for Indianapolis wage earners and low-salaried workers has been steadily rising from the low levels to which goods fell during 1932 and 1933. The course of the advance has been charted in a pamphlet, “Changes in Cost of Living,” published today by the Bureau of Statistics of the United States Department of LaThe tables in the survey used the price average of the 1923-25 pericd as 100. ‘One table covered the last 10 years for all items, food, clothing, rent, fuel and light, house furnishings, and miscellaneous.

Low Reached in June, 1933

The cost of all goods purchased by an average family of moderate income in Indianapolis in June, 1926, was 1019 per cent of the 1523-25 average. The index reached its lowest point in June, 1933, when it stood at 73, but then the rise started and by April 16, 1933, it had reached 79.2. For the United States as a whole, the index started at 102.5, fell to 74.5, and recovered to 80.7. Local food costs were out of line with the country as a whole when they stood at 112.2 in June, 126, while the average for 32 cities was given as 1089. The Indianapolis food index hit its bottom in December, 1932, when it registered 62.7, but today it had risen to above 77.9.

Clothing Below Average

Clothing costs, which reached an exorbitant peak in 1920 and held a high level from 1922 to 1930, were 96.8 per cent of the index base locally in June, 1926. But by June, 1933, the depression low of 66.8 was reached. Now the clothing index is back up to 74.9, somewhat below

“THE, BUSY MINER

PORKER PRICES MOSTLY LOWER “AT CITY YARDS

Erratic Action Continues to Dominate Trading in Livestock.

Following yesterday's sharp upturn, which carried the top for hogs

i: Saal the year’s high of $11.30,

@ J registered slight declines in practically all classes. The movement was typical of the erratic action which has marked trading liere the last month. : Dealings were slow in the swine pens with values 10 cents lower than yesterday's levels on weights between 160 and 300 pounds. Underweights were 15 cents lower. Weights above 300 pounds continued on a peddling basis with the few sales made being unevenly lower. Packing sows were about steady.

$1120 Is Top &

Porkers scaling 160 to 250 brought $1090 to $11.20; weights from 250 to 280 pounds sold at $1045 to $10.90; those weighing from to

280 pounds sold at $10.45 to $10.90;

those weighing between and 300 were disposed of at $1025 to $10.45, and extreme heavies brought $9 to

“Busigraphs

3 TREND OF. . BUILDING MATERIAL PRICES JULY- FIRST EACH YEAR

Us 5, DEPT. OF LABOR INDEX

5 Lai 1930 B31 M32 WI WO4 BIS VIS TE CORP. INCORPORATED INVESTORS

Building has increased at a rapid rate. Building permits issued in our leading cities are running more than double a year ago. In spite of this increase in activity, building material prices, while 213; per cent above the depression low, are now less than they were two years ago and have remained practically unchanged during the last year. Relatively low building prices, easier mortgage money, and rising rents all indicate that now is a most favorable time to build.

HOME LOAN MONEY OBTAINED IN EAST

$600,000 Transferred Here From Boston Bank.

Transfer of $600,000 from the Boston Federal Home Loan Bank to the local bank of the system was

for it showed the ease with which

BUILDING COSTS MUST BE CUT, INSTITUTE SAYS

Rise in Rents, Started in 1933, Believed to Have 7 Run Course.

Times Special ‘NEW YORK, July 29.—Further

be pe i TA |S Non 06 tons New York Stock Exchange Prices

s = = In 1926 the city rent index was| . PFT HE campany union has an- [placed at 95.1. It dropped more (By Thomson & McKinnon) High Nogn Prev. Low, fog other feature. ‘It is strictly a | than any other item included in the | Oils— High. Low. N. Y. United Corp ... 8% 8% . 3 0% 60% . . plant organization. There will be wage earners’ budget. The bot- Un Gas Amp A te 3 17% > sl 18%. 18% Lambs were mostly 25 cénts lower | Mr. Greene said that with ap- - uilons’ as there are yous was touched in June, 1934, at % 28 2 Western Union. 90% 204 90% | Eastm $oaai 1a us 1m iy BN Yio n mis oF ow proval of applications of building 6. : C er. x - ; - plants. While employers are unit- Rents had risen to 58 by April, Dei ll Ee ain BY 8 % ter grade ewes and wethcr lambs ao Tou, MSOs Jn an on cluded. Q ed in solid unions of trade associa- | 1936, and other ea eS ads been) Mid Cont Pet 2 Goodyear 5 Ne Na ad. 33 13 Bra Sisposed 1 at 2% de 3 membership in the local district of \. tions or combinations, employes | Put into effect or are to become ei i U S Rubber ... 30% 30 30% Reg.. 26 25% were - the system has been increased } r co ploy 22 8 New Bond Issues

unused savings in one section of the

yo 29 29 29 29 Houston (new). 2% 3 9% | Goodrich 3 20%

: Lips 45 U 8 Rubber pfd 74 brought $250 to {th fective soon, an association-of local |] 15% p ewes brought $2 $3 with a top ate kept disunited in innumerable | Loris billing. owners have ERS.OL og. CT 3 BE BEB] sestaneens of $325. Receipts were 160. -

boost ! § Allis Chalmers.. 51% ‘Where do| President Roosevelt ing recently acted joinuy in oo 3 Am Can ....... 1 ing ren * oc Vac cease

and Mr. Landon stand on this is- . 14%

S sue? This is a practical point to Fuel and Light Costs Steady SQ of Ind... 37h

Cas settle. I do not discuss the merits 1 ee 8. 8% $932 | Contl Can 7 of the controversy, but merely asl The fuel and, light curve Showed € : Ya Ya Caterpillar Tract 75%

to learn where each man stands. $ ’ w vhel year period. Starting at 92.1 in » 2 = =» June, 1926, it rose during the next N. Y. Bonds ER the NRA the President | half-year to 101.7 and then grad-|Am Ro . . (Reprinted From Late Times Yesterday) DAILY BOND INDEX ;

~% took an absolutely neutral pally Sechned dod wn) umes 1g Cruc Steel pusition. The NRA announced that | April it-was back up to 89.3. Luda x1 02 (1926 average eguals 100) it would be absolutely neutral. But, House furnishings started at $8.9, McK pa sex 2 Tod of course, it is in fact impossible | dropped to 66.3 in December. 1932, Steel 61. 61 6 ay as 3 and then climbed back to 81.38. At Steel 16% : Week ago : to be neutral in such a controversy. Rep Iron & Stl. 21% : all times in the period covered bY [Rep Ir & Stl pfd 94% When the government remains ab- U8 Pipe & Ry 49% . : the table, furnishings have been s Dive, aa A yy . ; solutely neutral it puts itself in | more costly here than in the coun- . 2 Noorrrigsi 1536, by Standard Statistics) Pirst Nak reality on the side of the com- |try as an average. ’ — - U. S. GOVERNMENT BONDS batant in actual possession, guard Compared With 1917 “ vw Dy Abit Proctor & Dulac) ed by laws, courts, police, militia. Another table in the booklet |a seeeees 38 Hi Bu Treasurys

(By Lyons & Co.)

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To remain neutral is to range oneself on the side of the employer. Company unions had their greatest growth under this Roosevelt policy. | President Roosevelt apparently Jearned that, but unfortunately a little too late to be helpful. The company union was a form of coerclon by the employer on the work-

showed the pércentage of change in cost of goods needed by low-income families from December, 1917, to April, 1936. In Indianapolis all of

for the period except fuel and light,

of all items had declined 28 per cent in the period. This was due largely to a drop of 23.1 per cent in food prices. Clothing was lower

the classifications showed declines |g.o Frudebaker cee

and miscellaneous items. The cost |¥

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Ee rine om, ne tne | by 183 per cent. “Seni tel 158 por Landon, however, takes the posi- 1 ary ‘wo tenths of 1 per cent. | Elec Stor Bat... tion of complete neutrality. He is | go) and light costs advanced 299 Greyhound (B).. ro , vone | percent and misclaneous ems in & ie ers to bring upon their fellows | *F® d 403 per cent ~~ Cor 5s 49 es ) — pressure to join their unions. Thus . : 113% anes a: Money and Exchange Mr. Landon's position is clear. It Chicago Stocks | Am Tel 5° 13k ey Dist .. 38% : Good ....... * a0 : means plainly that in the warfare A wes 53 EAC ey Tex h- 36% Jou Na 2 En yo @ 435 : 689; between worker and ‘employer he (By Atkins, Hamill & Gates) | Cal . ; 13 2 % 8 lg s Ind 1 313 Bulls, good i | Debits 1 will remain neutral. i : e Mines Am wat wis 6s 78 (Copyright, 1936. NEA Service, Inc.) . D. 16% 5 case 20 20 19% | Bak Ohio Ills Ars seer

Balt & Ohio 6s '95 $0% +] 8,1 18% $ 1.50@ 850 . . X “es 153% Mi bn "50 On Commission Row ) 3

wenine se erin rae8.50 otations below, subject to change. <0 wholesale prices be offered local commission dealers).

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