Indianapolis Times, Indianapolis, Marion County, 29 October 1941 — Page 16

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by up more inthis period than the verge Taree cy which shows

r cent a FE cerns Gvomamont: Duthol the formation of » Fair Hews Committee. Silk stockings became more expensive when silk imports from Japan were halted. a “These are but & few isolated items that tell one thing—the cost ‘of living is still going up. But living costs as high as they were in the World War? Just how m have they increased here? The Government's statistics show that: 1. The cost of living, for the ordinary Indianapolis family, has * gone up 10 per cent since the war started two years ago. 2. ‘Most of this increase—0 per ‘cent—has been in the last year, dating back from Sept. 15 of this year. oy 3. Rents are still most out of line. 4 As the chart at the left shows, living costs here are now about where they were when the Armistice was signed in 1918. They are far “from the dizzy heights reached in the short boom right after the war. This information is based on the extensive surveys made here every three months (once a month for food) by the U. S. Bureau of Labor Statistics. It is based on the cost of things the moderate in-

9 per cent increase. Of ‘the families renting for less than $30 a month, 145 per cent had their rent raised between June and Seprember; average increase of about $2.50 a month, Of the families paying from: $30 to 50 a month rent, above 18 "per cent had their rent raised in those months, an average boast of $3.69 a month. Only 3.3 per cent of the families paying $50 or more a month had their rent raised but it was boosted most of all, an average of $5 a month.

Coal Prices Rise i fi

FUEL, ELECTRICITY, ICE: These increased 3 per cent in Indi anapolis in the last three months, because coal, fuel oil and wood prices go higher in the fall. The average city paid 2.3 per cent more for these necessities,

HOUSE FURNISHINGS: ‘These cost 6.7 per cent more than they did three' months ago, as compared with a 6.4 per cent incmease for the average city." .

come family must buy—food, clothing, rent, fuel, electricity, ice, house furnishings and miscellaneous items. All these things, added together, make up the cost of living. Let's take each item separately. COST OF LIVING as a whole: It has gone up, as mentioned previously, 10 per cent in Indianapolis since the war started, 9 per cent of thatin the past year. But it has gone up 3.9 per cent in just the last three months, That is more than living costs increased in the average large city—which was 3.3 per cent. : \

Rents Still Climbing It could be worse. Families in New Orleans, Mobile, Ala, and Savannah, Ga., have found their living costs have gone up 5 per cent in the last three months. On the other hand, New York City and Los Angeles had increases of a little more than 2 per cent. FOOD: Food is the only one of these items where Indianapolis has an edge over the average large city in the last three months. Food costs rose 45 per cent between June 15 and Sept. 15. ‘They rose 4.8 per cent in the average city—not much different but a little. CLOTHING: In the last three months, clothing costs here have gone up more, in comparison fo what they had been previously, than anything else. Clothing costs rose 9.1 per cent in those three months, whereas they increased 7.3 per cent in the average ‘city. . RENT: The surprising thing about rents is that generally they have gone up less in the past three months—1.6 per cent—than has any other of these major items. Even so, Indianapolis rents went

NEW YORK STOCK QUOTATIONS WASHING MACHINE a PRODUCTION CUT

WASHINGTON, Oct. 29 (U. P.).— The Office of Production Management today ordered manufacturers of domestic washing machines and ironers to curtail production for the five months ending Dec. 31 by 173A per cent of average monthly sales for last year. Under the p announced by OPM Priorities Director Donald M. Nelson, average monthly quotas for the washing machine and ironer industry will total 164,410 units from Aug. -1 to Dec. 31 compared with nearly 200,000 units averaged by the industry during the 12 months ended June 30 of this year.

CHICAGO LIVESTOCK

ab gs—Receipts, 11, 000; Jalzly A0Live, ts B cents higher

MISCELLANEOUS: Miscellaneous goods and service cost 2.1 per cent more than they did three months ago in Indianapolis compaged to 1.6 per cent in the average city. >

Wages Adjusted

With these figures, 1t is easy to figure out if you have been paying more than the average Indianapolis family has for your living costs. Take your grocery bills, for instance, for the weeks between June 18 and Sept. 16 this year Add them up and figure how much mare they were Lthan were your grocery: bills for the three months between March 15 and June 15. If they are 4.5 per cent more, then your food costs have - gone up exactly as much as have those, of the ordinary Indianapolis family. ‘Otherwise, you are either spending more, proportionately, or less than is the average family. Two large Indianapolis concerns are making wage adjustments with their employees, based on the increased cost of living. P. R. Mallory and the Paper Package Co. are doing it. A large utility is considering the matter, ! ~ As a glance at the chart will show, living costs in here are follow= ing a parallel path to what they did in the World War. Costs are increasing now and very rapidly. ; How far they will go, no one can tell. Canada has frozen prices and wages. There is talk of doing the same thing in this country but nothing that drastic has happened yet

LOCAL ISSUES

Nominal quotations furnished by loos unit of National Association of Securities

8. | Dealers. Stocks Bid s Finance Co Ind com... 7% 8 Finance Co Inc pfd... 30 Stk Yds com ...... 86 & Btk Jia pid ... 87 pid "ii... 96

MOST HOG PRICES OFF 10 GENTS HERE

. Most hogs sold 10 cents lower at the Indianapolis Stockyards today - than they did yesterday, the Agri- dame-anil “culture Marketing Service reported. BE ogue Lo > : Today's top was $10.40 for good to SOIR oy > choice 190 to 200-pounders. Vealers were steady with a $15 top. Receipts included 1084 cattle, 496], A calves, 7077 hogs and 1698 sheep.

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday .....cecccecvacass 119.60 Week Ago sesseseecsssastece 120.56 Month Ago ... sssesnsse 120.85 Year Ago High (1941), 133.59; Low, 115. 30. High (1940), 152.80; Low, 111.84.

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GAS, COKE UTILITY o DOUBLES PROFITS 5

A net profit of $158,250 for the three months ending Sept. 30 was reported today by the Citizens Gas. This is nearly double last year’s Ja : [third quarter net profit and more Py = $e 51 $as 7 i than thrice that of 1939. Gross op-|§ or as i bi: 11d 3 50: smooth 300-360-1b sows|erating revenues were $1,780,184— i 9 44s 6l.. gins, with 400-500-1b. kind | yp $221,638 over the same period Citutens ‘ina ae us s, 4500; late Tuesday—PFat last year. Total operating deduc-)C olds. Tay ngs most strong to 10]tions—$1,242,501—were up $137,262.| Hom and choice native! Gas sales for thé quarter were reported as $759,011, a gain of $66,000. Coke sales totaled .only $682 less than gas sales, for ‘a gain of |g more than #5100, 000. Substantial in. creases also were shown in receipts from other byproducts and from Fup d ol gas appliance sales and miscellane- Tel Co 4%hs ous revenues, Fichngnd Wate! wh Sw go During the quarter, $152,000 In|" epy-dividend. also Gas Plant Revenue Bonds was reweight to establish marker, | tired, bringing the total retirement however, x. yearlings. and few loads specialty|of such bonds to $435,000 and leavy al loads outstanding $7,565.90 of the 1 $8,000,000 issu

J. DEGLINE IN LIGHT TRADING

NEW YORK, Oct. 20 (U. P).—~ :, WAY ) The stock market made irregular : 20. 320 The, SBE 1s da18 ibe: | decline today on light volume. | 230-340 Ibs. $10; Caio” ry E80 ios ape: Net changes gener were small. Exceptions included Homestake i Sit 3 to. 0 Tog. ¥ Bist 130-140 15s. | Mining at 40 off 3 points and U. 8.| | 75. yd iid Lambs, $1 5." 8% | Gypsum 49 off 2, both new lows. mr Union Carbide lost 1% to 697% and

. S. G American Tobacco 1% to 57%. u S unt Sone Traders were particularly intérest-

WASHING ed in news on the 1 ernment e labor situation, Sutsent sca year A ral a7, ? ae particularly any Government efforts With a ves? ago: to force resumption of activity in BePape he gah ind ws so Para 1 the captive in mines. 8 ats 15.59 x an 748.88 31 WAGON a Ak 443.09 ' 1,945,207,452

1308304 183 08 y. indlanspotls’ ons mills ond ” » » ’ . a. 97 44,104,604,143.44 aig

1. tors paid 96c per bushel for No. 9.27 21.493,984,917.45 | red ad

Rheat Jother rades on their merit: bush) for old No. 2 ied INDIANAPOLIS CLEARING HOUSE corm: ore hike Clearings ............ovev0000...8 3,805,000

68¢c 1 Debits ....... ceveeerarse. 12,352,000] 3

corn; 6 8c ora: FOOD ie CHICAGO, Oct. 29 (U. P) Shah, bgilfih Sets ~ rs 85 rp Carrots hn — ev

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