Monday, Jul. 04, 1949
Facts & Figures
Easy Credit. Regulation W is scheduled to expire this week. A deflationary measure, the regulation has controlled the amount of down payment and length of time to pay off installment purchases. Though President Truman had asked Congress to extend the regulation as a standby anti-inflation safeguard. Congress, taking a look at the economic weather, saw no point in complying. Among those most likely to benefit: used-car dealers.
Army Fare. Airlines have long been irked by an agreement between railroads and the armed services, giving the roads almost all the nation's military travel. Air carriers handle emergency trips only, have seldom collected more than 4% of Army & Navy travel funds. Last week, the armed services decided to change the rules after July 1 and give some of their business to the airlines. Domestic airlines plan to offer 10% military travel discounts next year, hope to boost revenues $6,000,000.
Pork Chops. If the U.S. people want to, they can eat high on the hog this winter. The Department of Agriculture last week estimated the 1949 spring pig crop at 59 million head, 15% more than last year. Prospects were good for plenty of pork this fall and winter. But the Government support program and strong consumer demand will probably block any real bargains at the meat counter.
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