Indianapolis Times, Indianapolis, Marion County, 22 January 1947 — Page 9
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Duty Cages
Parley Scheduled ". For Next April
By JORN W. LOVE Seripps-Howard Staff Writer
Another era in tariff-making appears to be drawing to a close, but the shape of the next one is misty, The 13. years of reciprocal trade agreements the Democratic admin. istration has managed gradually to lower tariffs on an average of a quarter to a third. Now the Republicans have control of congress. Although the act which authorizes these agreements does not seem likely to be repealed before it expires in 17, months, a substantial further lowering of tariffs becomes hard to imagine, The political hazards would. be great. . No reduction of “tariffs by act of congress has occurred since the Underwood act of more than 30 years Ago, and certainly none is now foreseeable. ’ Hull Set New Policy
Former Secretary of State Cordell Hull achieved a fundamental change in tariff-making when in 1034 he
put: over the idea of lowering the
tariffs by agreements between the
United States and other countries.
Negotiation took the place of legislation—within the permitted range of 50 per cent cuts. The Democrats’ frankly adopted a policy of gradual cuts; perhaps remembering Grover
Expert Says Boom Is Not Speculation
®. By NEA Service
More farms are being bought tos day than ever before in the nation's history. A
{ly since V-J day and now is in full swing, “Tens of thousands of people who have wanted farms are now able to afford them,” says E, A. Strout, a realtor whose firm sold $33 mil. lion worth of properties last year. “Others have been troubled. by food shortages, labor troubles and the world political situation generally. They want the security that is offered by an American farm. Bona Fide Investment Unlike the land speculation, during the , “present buying has all the earmarks of bona fide investments,” Mr, Strout says. “About 85 per cent of all farm purchases since V-J days have been made with at least 50 per cent cash, and it is not at all uncommon for the buyer to put up 100 per cent. cash.” ‘Land speculators after world war I generally were buying farms with 10 to 15 per cent cash only to lose them in the depression a decade later, he says. Prices Hold Except. in Pacific coast states, Florida and Connecticut, farm
{realty prices throughout the nation!
Ihave held to a five per cent rise over pre-war levels. On the Pacific coast, according to the department
KANSAS OITY, Mo. Jan. 22—|
“batk to the land”|. movement has been growing stead-
Cleveland's sad experience with |0f agriculture, farm prices have shot tariff reduction. up 14 per cent but are still 11 per By this new method agreements|ent below, the 1920 inflationary have been made with 20 countries, |Peak. Florida and Connecticut representing the greater part of price increases approximate those Axtierica’s international trade. west of the Rockies. There are several ways of .com- “There are fewer cheap farms puting the results, none wholly sat-|2Vailable now,” Mr. Strout says. “A
big percentage of the properties isfac One average of tariff cuts ar a icrage of de = $1500-85000 bracket have |
A longer way of picturing ft is to| been sold, but all indications point say that about 60 per cent of the '© continued heavy buying of the dutiable list has been reduced. Two- | Detter class farms for which there. thirds of the reductions were for the Were few takers in. the pre-war rmitted 30 per cent, the remainder Y®&rSJos liked per cent, “These farms, east of the Rockies, have advanced very little in price. | Second Cut Provided In today’s market they represent | The current act, provides for a's sound investment.” second round of reductions—another More Operate Owh Farms
u. S. Farm Sales Hit An All-Time High As ‘Back to Land" Movement Increases
= ‘re in the market for a dings indicate « prcucive land,
out, too. Not a good investment;
have telephone service than in 1940. Farms, abandoned during the war years by men drafted into service
{or by others who migrated to in. | dustrial areas to take advantage of {big wages, are being snapped up by {returning servicemen, by city dwellers or are being incorporated {into larger farms. More Acreage Seen By next spring, Mr. Strout be{lieves, the number of farms put back into production may add another 25 million acres to the nation's food resources and the total cropland {throughout the country may ex-
00D BARNS, GOOD LAND—This is what fo look for if
farm, experts point out, for well-kept
] NOT FOR FARMING—Old. fa:hioned and in sad dvepar a barn like this should warn city-bred buyer that the farm: is worn
50 per cent, to a total of 75 per cent.
But this has not been used.
The process of letting tariffs down came almost to an end in the war. | It was scheduled to be resumed next spring, however, and on a grander scale. That is what has aroused the ‘opposition in congress and in industry. The commotion has been such that the guess is probably correct that tariffs won't be drastically lowered any more, The ATSUMeIt IR Sid. oul of congress was brought on by the state department's ‘ preparations to con- | -struct these trade agreements with mere than one nation at a time.| The department went to work on' this project before the political campaign last fall.
The results of the election dan)
The department of commerce's {ceed 350-million acres—if all who last report of agriculture trends have bought farms since 1945 fully {reveals that more than 188.000! utilize their resources. more owners are operating their | Mr. Strout questions, however, farms than in 1940 and that 500,- whether all such land will be util000 fewer farms are operated by | ized. About 50 per cent of today’s tenants. Both facts were chiefly | farm buyers are city dwellers, he
noticeable i~ the South. Firm "homes have been modernized, the commerce department reports. Over 800,000 more farms have _ electricity and 300,000 more
|says, and not all of ‘them can be expected to compete in large-scale | production. City-farmers have their advantages, though, he believes.
Livestock Prices Weaker; Steers, Hogs Down 25 Cents
Livestock. prices weakened at
the Indianapolis stockyards today.
ened its spirits, but because many Steers were steady to 25 cents lower, fat lambs were 50 cents lower and}.
other questions are to be taken up! hogs were down 25 to 50 cents. Top price paid for hogs was us
at the forthcoming conference, it| went ahead with the preliminaries. |
Conference in April
* The international conference of 19-nations is to be held in Geneva, Switzerland, in April. To collect data beforehand, an interdepart-| mental committee has opened hearings in Washinton and will continue them for two weeks more. Industrial people shipped in about 1300 briefs, most of them against further cuts in tariffs. The state department is about to hold hearIngs outside Washington on the sub. Ject of the Geneva conference, Opposition in congress has taken several forms. One bill has been 's drawn to repeal the act of 1934 outright, whereupon the agreements would lapse and the tariffs snap back up. A threatened resolution? pice would postpone the Geneva meet} Joe- 200 ing. 100-1300 Rep. Thomas A. Jenkins (R. 0), 1300-1300 introduced a resolution to request | odo President Truman and all federal] | Sorin agencies to put off any action that! 1300-1500 would change duties under the 1934 | Medium. pounds act. 1100-1300 pounds The problem now seems to be CHmmon— whether the making’ of reciprocal TH0-1100- pounds trade agreements is an instrument 600- 800 pounds which can be used against all the 800:1100 pounds pew forms of post-war nationali$m| 600- 800 pounds ........ and socialism in trade, or whether | 200; 11¢ 1100, pounds Some other method will have to be! oo 900 ) pounds .... und, There is also the alternative that | the United States will turn its back | Good - 3 nanw, on the disintegration in trade re- ius and common ......... [email protected] lations and erect its own iron cur- [email protected] tain,
GOOD TO CHOICE HOGS (7200) Butchers $21.715@22 es 3305 Baro . [email protected] [email protected] |
| 120- 140 pounds 140- 160 pounds ... 160- 180 pounds ... 180- 200 pounds ... 200- 220 pounds ,...... testes 220- 240 pounds ... 240- 270 pounds . 270- 300 pounds { 300- 330 pounds ". 330- 360 pounds Medivm 160- 220 pounds Packing Sows Good to Choice— 270- 300 pounds 300- 330 pounds ... 330- 360 pounds 360- 400 pounds ..,. 200 400- 450 pounds irienne ia 500 pounds ...
Um « 250 38% pounds ....exviesens Slaughter Pigs Medium to Good— 90- 120 pounds CASTLE (1975)
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Ei umm—— CALVES (300) A Dozen
Good and choice
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2250922. 18)
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[ra (78 pounds u 006 13.00 Feede: and ob id Cattle and Calves Steers | hie 500-, 800 800-1050 tr | Good —
11.00 17.00
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800 pounds .,., 800- 1050 pounds | Medium
mo 500- 900 pounds SHEEP (2025)
Closely sorted Good and choice Medium and good Common .. Ewes (Shorn) Goad and ‘choice {Common and medium
Truck Wheat
Yodianagolis flour mills and grain eleYajors are baying $2.15 pe bushel for No. uck w new No. Yellow oll 1) $1.17
be A an a No. per | bushet; oMs testin " Mi or better, 0. yellow soybeans, 14 per Mo moisture, bo.
ou Local Produce
PRICES FOR PLANT DELIVERY Poultry: Hens, 4% lbs. and over, 23c¢: under, 18¢c; Leghorn hens, 18¢; soft mea ted chickens, 5c; cocks and stags, 16¢; No. oultry, "tc less aN No. . Butterfat: No. 83c; No. 2, 80c. Eggs: Current Betts, 54 lbs. to case, 35¢c; grade A large, 39c; medium, 3éc; no grade, 25¢.
Fats, Oils Shortage
‘To Continve in '47 | WASHINGTON, Jan. 22 (U. P). —Housewives who had a hard time buying soap and shortening last year may find it just as tough in 1947, the department of commerce predicted last night. In a generally pessimistic survey
50 of the fats and oils situation, it
estimated the United States will be { 1,600,000,000 pounds short of the 10,700,000,000 pounds it could use this year.
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MEMBERS NEW YORK STOCK EXCHANGE AND OTHER PRINCIPAL ee SECURITY A COMMODITY EXCHANGES -
Business— Jin ame Fears: Depiression Testifies Before
Congressional Groups
Times Washington Bureau WASHINGTON, Jan, 22 —Falling food prices are a threat to the farmer and unless a high price and wage level is retained depression will be inevitable. That was the viewpoint of a Hoosier dairy farmer expressed today to house and senate leaders and chairmen of the agriculture committees of congress. He is Charles C. Rohrer, who operates five farms at North Manchester. He favors federal subsidies to halt price declines. The two-year exten- * |slon of the 90 per cent parity guaranty will not do so he maintains, “Unless congress dogs something quickly to stop the avalanche of price declines, I am afraid it will crash down through the 90 per cent parity plan provided by law to level off our post-war economy,” Mr. Rohrer declared in a statement to the senate and house agriculture committees. ‘Inflation Must Stay’ “Our huge national debt demands a national dollar turnover of some 150 billion dollars or the government cannot secure its tax cut of ‘some 25 or 30 billionis. Prewar prices and values are war casualties. Most (of our huge national debt was contracted for under war inflated prices. Now if we do not pay this debt off with inflated dollars, someone will lose his shirt and some hide also. “Floors must be placed under “ _ wages and farm prices high enough Urban people bring many bene ‘to prevent America from going fits to rural districts, and they are through the economic wringer as we not necessarily at a disadvantage did in 1929. Houses, automobiles because of their lack of . practical ‘and other blessings of life can only farm experience. ho paid for from net profits. Mere “Those. .with- business training are Subsistence wages will not keep able to integrate farm production ! American economy running at 100 with up-to-the-minute merchandis- per cent capaeity.: Farm surpluses ing and buying. habits. In many are ‘the straw which breaks the farm areas they have helped raise farmer's economic back and later education and living standards.” our entire national economy.”
say experts.
Remember . . . LARGEST Place and keep your
*
strikes of“municipal employees, lesson from the federal government
ization that asserts the right to strike.. The {federal ban, sponsored by Senators Joseph H. Ball (R. Minn.) and Richard B. Russell (D. Ga.) was written into all appropriation bills beginning last May. Adopt Federal Plan
There were scores of strikes against city governments in 1946. Some impeded vital health functions and were recognized as dangerous to the public welfare. Some cities already have adopted the federal plan of forbidding such strikes and also require employees to swear they are not members of organizations that condone such strikes.
The United States Conference of Mayors also may take action against strikes in public utilities and services that are privately owned and not managed directly by public employees. This is expected to be in the form of asking congress to legislate on the subject. Pittsburgh’s Mayor David L. Lawrence, who last fall was in the middle of a destructive power strike, plus a sympathetic walkout by bus and streetcar drivers, told the conference he thought restric tions should be placed on such stoppages. He added that if the right to strike is withdrawn some compensatory - consideration should be given to the men involved, Conceded Strikes Illegal Mayor Edward J. Jeffries, Detroit, said it should be “generally conceded that strikes against purely governmental functions are illegal.” F. H. La Guardia, New York, former president of the conference, said “the right to strike against
Again in
government cannot be recognized.”
A resolution before them recommends that m tion against payment of public funds to amy member bf a labor
By FRED Ww. Scripps-Howard Sia Writ WASHINGTON, Jan. 22.—Before they end thelr meeting souk 10 aor mw er oe soy ind 1 0 ortng
Fu
and write into
He urged study of the whole labor
question, but said Immediate action|. 18 needed on Some mbit ol
he
on “foreign influences” and others on “division in the labor movement.” Mayor E. L. Chavannes, Knoxville, asked Mr. Green, “since you oppose any new legislation, would you change any existing law?" “Some could be amended to ad< vantage,” replied Mr. Green. “We have asked for changes in the Wagner National Labor Relations Act but have had no success.” The changes he referred to would have strengthened the A. PF. of L. in its battle with the C. I. O.
Predicts 25 Per Cent Drop in Food Price:
ATLANTIC CITY, N. J, Jan. 22 (U." P).—Pood prices will decline
a least 25 per cent next spring sie a sharp drop will take place in
business activity this year, according to a New York economist. A. W. Zelomek told the National American Wholesale Grocers’ association convention here - yesterday | that food “prices would remain at the present elvels until ' late in March. This would occur, he said, “unless panicky liquidation develops
suddenly as a result of weaknesses that are now hidden.”
1946
700? IN CAR PRODUCTION +++ Fuel IN TRUCK A IN COMBINED CAR AND TRUCK PRODUCTION
GAIN at the close of 1046—when America’s need for new motdr cars and trucks is most urgent the Chevrolet Motor Division of General Motors leads all other manufacturers in automotive production. This means that Chevrolet i$ first in passenger car production—first in truck production—first in combined passenger car and truck production . . . despite the fact that all Chevrolet plants were closed completely during the first three months of 1946! Naturally, Chevrolet hopes to be able to build more and more of these fine products which
CHEVROLET — LOWEST. PRICED LINE
PRODUCTION
America is buying so eagerly—the only motor cr Pt giving BIG-CAR QUALITY AT LOWEST HH ' the only truck giving BIG-TRUCK QUALITY AT HH LOWEST COST~the complete Chevrolet line which stands out as the lowest-priced line in its field! One word of caution about deliveries: There till aren’t enough new Chevrolets to go around, but. obviously you'll get quicker delivery by purchasing the product of America’s largest builder of cars and trucks, and you'll get higher quality by purchasing the product America likes best CAwwrojst!
iq .
PRODUCTION means QUICKEST DELIVERY d your hew car: order with us for a new Chevrolet tind ge! biggest
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