Indianapolis Times, Indianapolis, Marion County, 25 December 1949 — Page 33

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Drop in Farm Profits

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May Continue in '50 But Conditions Still Much Better Than Years After World War |

By JA. L THE FARM OUTLOOK

IVINGSTON for 1950 isn’t wonderful. ‘But

‘it isn't bad. And, compared with what happened after

+. the last war, farmers are postively prosperous,

That catr bé. credited to (a) ECA financing of U. 8.

7 ¢ farm exports and (b) farm price supports. Most of the

unpleasant news for 1950 may already be out of the way.

Farm prices have drifted downward most of 1949." So

Income of farm operators Is down 20 per cent from the 1947

perhaps wheat, corn, and nigh. That's because expensed in other commodities won't take asin. 10st two years have not de-

bad a spill as they did In January, 1948, and again in the same

month in 1949.

clined as fast’ as cash received from marketings or from the

“._ What few people realize is that government. Prices. of things; the the post-war farm readjustment farmer bought fell more slowly

has gone a long way.

Belated: Compensation

than the prices of things he sold.

The squeeze on the farmer's profit and loss ac-

count is apt to continue into 1950. Prices are off from the early months of this year. Cotton sells for 30 cents a pound as against

33 cents In January; hogs are abo

ut $15 a hundredweight versus $21;

wheat $2.20 versus $2.25; corn $1.30 versus $1.43. Steers however are higher—-$31 as against $27.50. And crops won't be as large

as in 1049,

The probability is that cash received from marketings will

run to about $25 billion as against $27.7 billion this year and “Livestock Prices |

post-war high $30.8 billion in 1948,

down, they won't be down nearly

Roughly, here's the picture: “~ Gross = Net E , war Income® Expenses Income®*** 1030 tueveecncisnenacaeses $105 $ 6.0 $45 i 1946 suvereesrrasansrenees 203 14.3 ~15.0 . 1047 vererneerennnnes eves 48 16.8 178 | Short Pre-Holiday _ A948 cuvvenvvrsinnprnnnene %3 ne A $ Receipts Are Factor 1049 ..oivevreenranrnnrnce y J , Sy , 1050 vuvvrenrnenrnenees . 200 17.0 120 |, CHICAGO, Dec.-24 (UP) —

And though expenses will be enough to offset the cut in sales.

*Includes the value of crops consumed in farm households.

**Guesstimate.

se+Excludes income of hired labor and persons living off farms

(like landlords).

Though 1950 income is figured to be down about a third from the post-war peak, the drop is anything but catastrophic. After the first world war income dro “80 per cent. Moreover, the decline follows two years— 1947 and 1948—which were superultra times in agriculture. “In a sense, those good years were belated compensation for his disastrous earnings during the depression. In 1982, for instance, income of farm operators was down to less than $2,000,000,000, During most of the Thirties, the farmers of the world were underpaid for their production. Con-

Growing Pains

versely, during 1947 and 1948 they |were well paid. | In 1950, farmers can't be expected to put as much money into farm buildings, machinery, or other appurtenances as in 10490 or 1048. As with Industry, a good d al of rehabilitation, repair, and improvement has beer. completed. But they'll likely continue to 8, "nd liberally on household improvements, such as mechanical refrigerators, électricity, washing machine, vacuum cleaners, television things which lighten household chores and add to the leisure, comfort, and variety of rural living.

The farmer faces an old headache—to0 competition forced all weights 50| much acreage. (That, in itself, implies cents to $1 higher. Late top 90

less need for new farm machinery.) The year 1940 was the second

I. om . KAA ng Ten » ei) fo is gi <r G5 Be St rt ll

Mail Order Firm

i rk er pt pt : THE INDIANAPOLIS TIMES =

Once a year Lane Bryant, stouts and pre-stork dresses, opens the doors of its big mail order house to the families and friends of workers. Here- Mrs. Herman Schuchman and Mrs. |. Binzer are being shown the workings of the stock checker by Mrs. Joseph Lipken (center) a guide. To the left is Mrs. Maude onklin, a checker,

Prices on cattle, hogs, and sheep advanced: slightly this week on the basis of short, pre-holiday receipts. . In the cattle market slaughter! steers and heifers were strong to fully $1 higher but ths market] {was largely forced because of] |sharply curtailed receipts. Medium and good steers closed slow and .lost part of early up-| turn.. All grades of cattle showed? increases with vealers Idading! with a steady mArket at $1 higher. | Hog prices reached $17 for choice 200-pound hogs, the high-| est price pald here since early) November. Barrows and gilts] were 25 to 75 cents higher with most of the advance to weights below 220 pounds, Bows were) steady. Sheep receipts were down about 25 per cent this week and keen

Mr. and Mrs. George Geddes were among the 1000 guests | who visited the plant at 752 E. Market St. It is Lane Bryant's way

to 100 pounds choice wooled| Of showing what employees do and the working conditions. Miss

/. en

Holds Annual Open House!(ites Housing ;

Needs of Women Sociologist Advocates * Efficiency Unifs Special heusing' problems pre-

{sented by working women with {dependents was scored by a, so-

cial economy professor in the first |

lof three articles in the Journal lof Housing, a trade publication. | Dr. Hertha Kraus, associate

» {professor of social economy at

{Bryn Mawr College, cited the {need for a more flexible housing market to solve this problem. Her article appeared in the Decembér issue of the magazine. She reported theer were 2,670, 000 women in the U. 8. who were heads of households and were employed. “The housing requirements of

| ferent from others, except th they depend , . . on units tha will allow, by layout and equipment, an adequate standard of housekeeping and personal: care with minimum investment of effort and time,” the writer sald. Urges Small Units Small housekeeping units as private cunits of single family dwellings are necessary, Dr. Kraus wrote, She suggested multiple dwellings. floors or Wings planned for smaller family units—mother and child—would serve approximately the same purpose. NL | Such households would be~aided {if housing projects for different income groups would feature [more ‘frequently group facilities {for the care of children, the aged {and handicapped members of the household, she said. A

i pe | ; _ Accessibility to transportation land employment are important]

factors in dwellings for this group, Dr. Kraus pointed out. . Subsequent articles by Dr. Kraus will emphasize housing needs of large families and fam{lies containing older persons.

Lena the Mule |

Ruled Ineligible For Social Security

| MOBILE, Ala, Dec. 24 (UP)— {She may be a hard working gal, {but she's not entitled to social security. That was the ruling handed down by Martin Johnson, manager of the District Social Security Office here, in a case involving Lena, whose name was {listed with employees of a Wash-

{ington County sawmill. | LI J | WHEN Mr. Johnson came

. el > il " ‘ ' I AM 0.5 tel ok MN Sn SX ft A

{this group are not essentially dif :

Statler Not Planning

: (Continued From Pr~~ 38) The Miami plan eliminates the permit station for approval, Coe chaotic multi-application, mu ti- ordination of all operations in permit deal that has shackied|one office would eliminate steps, Southern city builders for years. But that's physically impossible Indianapolis requires only one/in the present City Hall office

specification plan. It goes to each set-up. Feel a little cold air draft tickling your neck? Warm Up That's a good sign your furnace is trying to {warm Old Man Winter and not you. ; - Run .your hand along the window sills and the edges of your doors. Hmmmm. Feels like the beginning of a minor gale, Local heating experts have the solution for your window and

door heat losses. And it's a “fixit yourself” plan. | Take the gal snug as her dog It's easy to weather-strip your/on the rug behind her huge windows and doors. Frames can Window-wall in the above picture, also be caulked to nip the in-/Her “special” window has its dry vasion of cold air, v. |air hermetically sealed between And your wives will like this/two plates of glass. This innova{too. These. measures help curb|tion cuts. chilly downdrafts, the § cold air manufacturer contends.

* | © Convector manufacturers insist Better make sure of that glass that beneath-window installation in your de.luxe picture window. of heating units is the best safeDouble and triple glazing is now|guard against heat loss. They say available as a single pane forlheat from these convectors . permanent installation in window; blanket windows as a. barrier

sash. . against outside cold. * Santa Claus has come to town, He has filled Penny Wise stockings and emptied wallets. Big savings accounts are just a happy memory. And with next year's outlook eyed as a “leveling off” market in most all fields, |banks and other savings institutions have sent in their second |platoon to compete for the consumer’s dollar. ——— rt epee. | They're starting to sell “thrift.” : 3 | National Thrift Week starting Modernization Jan. 17 will highlight their drive FA * > urging bread-winners to save, At High Tempo |save, save part of that shrinking “.U. 8 home modernization dollar. echoed hammer strokes in. con-| Even struction of new dwellings ac-|big play. cording ‘to Federal Housing Ad-| Financial independence, that [ministration statistics for Octo-|pI' “inflationary” demon and sta- | Ber. [bility of the nation are the More than 135,000 repair loans giogans you'll see more and more {worth $66.2 million . were aP- in posters and newspaper ads. - * »

proved by FHA in October from | SAVING GROUPS nationally

{more than 4000 private financial {Institutions in the country... All [counties were represented in the are squinting at that $2.8 billion {latest figures. }GI's will soon be. receiving as | FHA reports the average loan government insurance dividends totaled $490 for heating, plumb hit the mail. The part that enters ing and insulation improvements savings accounts also will make |as well as alterations and addi-|, ... cushion for home mortgage [tions to existing structures. {loans. Payroll deduction saving plans and more HKousehold budgets are also being stressed. In Indiana, the campaign will come under close supervision of Herman B Wells, IU president, chairman of the Federal Home |Loan Bank of Indianapolis and {public interest director of that or-

s z +9 |

{aust and dirt riding the

| { |

piggy banks will get a

Aged Pair Honeymoons ‘With Our Memories’ BELLMORE, N. Y. Dec. 24 | (UP}~Charles Lawmaster, a 76-{year-old great-grandfather, and [is 70-year-old bride honeymooned today “with our memories.” [Lararar aoa ar. Elizabet 82722tion. Dr. Tells 1s chairman {Meyer were married yesterday|° e Nat ona hrift Committee, after a 44-year friendship “be-| {cause we were lonely and both) had the same nemories and [likings,” Mr. Lawmaster and his, | first wife, who died 18 months

OIL BURNER SERVICE

® Crone Furnaces

largést crop year in history, second only to 1932, when depression- lambs brought $23.75 while the] driven farmers self-defeatingly strove to offset low prices with best 101-pound shorn lambs went,

quantity production. for $21.75. Tobacco, cotton, peanuts, wheat

Waneta Wells, right, is 4 checker in the file department.

| BRANNON MADE JAG WASHINGTON, Dec. 2¢ (UP),

and potatoes will be subject to

—the nonconforming farmers get RING IN THE NEWS — President Truman today pro-|

s—

Realty Brokers

facross the name he thought Lena|ago, and Mrs. Meyer and her first ® Super Flame Heaters

{was probably the camp cook and|/husband, who died 21 years ago,

the benefit of the price supports anyway. Moreover, farmers sub-

nt of Agriculture acre-

age allotment. If farmers exceed their allotmen

ts, they can’t put their wheat, say, or potatoes, in t loan. t bark is worse

ject to acreage allotments usually cut out their poor, concentrite on their best, fields. So ylelds per acre go up. That's one factor in

Old Surplus Proble:

The governmen than its bite. If other faimers/the high winter wheat yield in put their crops into the loan—and prospect for 1050. Excellent market prices stay up as a result! weather is the other. - ’

. The penalty for exceeding marketing quotas is severe. The farmer must pay the government 50 per cent of the parity price on all of his crop above the quota. Thus, on cotton, the farmer could pay about 14 cents a pound on the excess. Marketing quotas govern tobacco, cotton and peanuts in 1950. Farmers must approve such quotas by Mer he vote.

tobacco, would seem like heartless

perately needs food, cotton andi SEF With Controls

FITCHBURG, Mass, Dec. 24 moted Brig. Gen. Ernest M. Bran-| (UP)-—8alvation Army officialsinon to Major General and ap-| couldn't say whether it was ajpointed him Judge Advocate busted romance or a mistake, but| General of the Army. He succeeds a collection kettle yielded a half- Maj. Gen, Thomas H. Green who carat diamond ring today. 'Is being retired.

Renew Licenses

Exams for Permits To Be Held Jan. 18

Boss Sends Employees A Christmas Greeting Card "ici sw ew oon

(Continued from Page 33) |estate brokers to meet the Jan. 1 want to stick their own account-| They'd rather wait until there is deadline. ing pens in the red ink bottle.'a market, then go in, | Commission Secretary Robert {Reel warned yesterday license reHoward Fieber, personable newal fees will be accepted only young president of thé Indianap- with apntieatinr

Indiana Real Estate Commission offices here this week.

More than 8000 renewal appli-

|asked the mill operator for had been close friends. { F. J. SIENER LUMBER CO. further information. | ———e—————————— : The operator told Mr. Johnson! Builders Meet June 12 317 5. STATE I. AL 1428 that Lena didn’t do any cooking.| The National Association of In fact, he said, “Lena ain't eX-ipyujiaing Owners and Managers = actly a woman. She's our mule|yi) noid its 434 annual’ conventhat snakes logs down to the tion in Seattle, Wash, June 12-15, {sine © GUTTERING

“You always said IT had to re- » the operator ANCIENT GLASS FOUND The Christmas rush invaded the continued, “and, man, Lena does

{port every worker,”

more - work than anybody else

around here.”

INSURANCE AGENT NAMED Manufacturers Casualty Insurance Co, nounced the appointment of Joseph G. Herd as special agent in the company's Indianapolis office. Mr. Herd will assist Frank Ser-

Philadelphia, has an-|

LE Heavy gouge. immediate application. Custom work. Easy ferms.

Lumps of glass found in the {ruins of burned Roman villas in Marion Roofing & Siding (o. England prove its use there cen-| 320 W. WASH. MA. 2288

turies ago.

FENCE TO STAY— THE HOOSIER WAY

The major farm problem In 1950, and the years thereafter, is what to do with the country’s / excess agricultural plant. To Juiz America’s land, fertilizer, pa mechanical capacity prof- , itably, farmers must continue to find markets abroad for cetton, tobacce and wheat. ECA has funds to provide foreign countries with dollars through the first half of 1950, but C will have to face the dollar shortage in the second half of the year. The long-term problem is to develop a means of trade with the world—so that farmers can sell, The alternative is to curtail. And such an alternative, in a world which so des-

olis Real Estate Board, as one of his last duties as president, gave! rent control a one-two punch, What Mr, Fieber suspects (and right he is) that President | Truman is preparing to stretch rent controls another year. What {Mr. Fieber observes, and quite ete

economic waste.

Business, Building Conference Set

. Times Sprcial : NEW YORK, Dec. 4 — Leon Keyserling, acting chairman of Mr. Fieber points out that in the President's Council of Eco- areas where rents have been de-| nomic Advisers, will opén the controlled there has been no sud-

| Building ..|den skyrocketing of rents, no Business 4nd v Cycle landlord pressure on tenants for, ference here next mont |eviction, and no other unpleasant

|gressional election year. No time keeping houses in repair and pro-

rily up the inflation cyele. But in spite of the logic. of Mr. Fieber, and the pleas of landlords, our guess is that Mr. Truman will keep the controls, at least in part.

NO en [comsequencss. We Toighlogpinsis Ma Wagon vy op ‘mo! ng and invest- ss. Ing institution officials, is spon- And that is true. His com: ppere are more renters than

sored by the Mortgage Bankers of [Plaint Is that property owners landlords. And when you are «merica and the graduate school who depend on rents for mainten- harvesting votes, you always of business administration of New| ance and thejr own eating moneyitake the biggest number. That York University. It will be held have had to get along on the would be the tenants. on campus Jan. 31 to Feb, 2. - - - ——— - =

R. 0. Deming Jr. association’ New Home for $4800, Plus Plumbing

president, said the meeting is deasa short graduate course in higher level economics, {

Long term prospects of Amer-

ican economy, commodity prices, we ! labor costs, trends in home own- | |ership, population trends and ad

studies of interest rates and taxes will be among subjects explored

{ correctly, is that 10950 is a con- freeze levels while the cost of

to tamper with nailed down rents, | viding services has ridden mer-| Mr Reel explained wriften and a miniature gold football at a

geant, manager, in servicing the

His office was also mapping Jo. Indiana agency plant.

1050's first eac........ mits.

£~

First Test Jan. 18 WINS ATHLETIC AWARD The first of six tests will he offered in the Antlers Hotel Jan. 18. N. Daly S8t., recently was awarded oral examinations must be passed by all license applicants who have not engaged in real estate activi{ties six months 1049. | “Potential and currently active brokers must have such a license by Oct. 1 to escape the exam,” Mr. Reel said. More than 75 are expected to! take the first examination of the new year next month, he said. A; 8iX months wait is necessary for any applicant failing -the examination twice consecutively, He] said Only 32 of 168 examinees failed!

post-season football banquet at §- the Tokyo General Hospital in Tokyo, Japan. He played on the prior to Jan. 1, hospital football team. 1

ARMSTRONG'S ASPHALT TILE

1701 E 38th

the local November test. FUBBER LINOLEUM STORING ASHES 29¢.. |14¢ Te Safety officials recommend gal-| ” nw "no me " ne

|vanized steel ash cans for storing|

nn mers: me sturdy | JORDAN BROS.

Pfc. Kenneth A. Himes, son of Fi NCE Co Mr. 'and Mrs. Austin Himes, 910 . #

visiy the FINEST DISPLAY of FENCES—WIRE WORK and IRON RAILING shown in the United States EAST OF FAIRGOUNDS

STATE-WIDE SERVICE ammes—m——

Fence of AL Kinds " NO DOWN PAYMENT

Call or Write

Call TA-2434

= —— =

by leading economists an” conferees.

This year the association Is

ber firms, Mr. Deming said.

ee —

Christmas is the time

opening registration to-non-memi- |

smoldering ashes and

Small Monthly Payments

QUICK SERVICE!

y This five-room house was constructed under the supervision of the Smiley Real Estate Co., 307 Fountain Square Bldg. Cost, $4800 less plumbing. Erected for Mr. and Mrs. Ray T. Thrall at Macklin and. Ewing Sts.,' Beech Grove. The Thrall residence at 1005 St. Paul St., was sold by Smiley. t

| Oley (ois

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#24 Virginia Ave. Tel. CA. 41)

from all of us at Alsco. We wish to express our

appreciation to our many

[~~

friends and extend our heartiest best wishes for a

joyous yuletide.

4 _yof dreams—of gaiety BA and good fellowship, Wishes for a Happy and Prosperous | Jove od chews We Trg TTT NEW YEAR | ia oar. ond ac hase days “hen iandiords uy. “sorry, Manufacturers tnd Distributors of ,ALSCO that yd Sn} 0 ‘os vl enjoy n happy home life ~if Jo " All-Aluminum Combination Storm : = 1 : V " nt y Re * you to lree-and-clear ownershin in the ¢ . “934 South East Street ; ! by minimum IAN Cr DoAND SHARE | EULA LRN aya EE NIA rior £654 ER POCEEEUNERE | (cm LT SSEERR ; i ¥ : | ASSOCIATION 1 ; 1 . » ' . } 4

eos

ai vil

25, 1049 ’ i

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5 Kia AS i SUNDAY , Plan's | With ‘M HERE 18 / is exceedingly pearance, pre and with alm sired by most is not too e The exterior of white hori: for economy's architect has

. little features en flower bo:

to give the charm, As you ent

, You are immu with. the lon room, the na the léft an through the windows in ti window and opening ont ace at the 1} race at the hb that there opening into this terrace v this a very a summer eatin The dinette the living roc influence of Another picty one wall of tween the din en is a snack ing door or this entrance. tion folded i the snack bai date three. st snacks,

» THE KITC and narrow a There is a sink and wo: sides. There broom closet

Building plans Additional set Plan books (26 TOTAL ENCL Name .......

Address ......

City vovveenes Fill in’ Ma

“We Are

STILL

DOMESTI

1001 Union

PAYME ———

PROM

DELIVI

Extru ¢ f

2 Ste Before Bu

KEY! 132 8.