Brakes Set

The Federal Reserve Board last week found that its credit curbs were beginning to check consumer buying, thus ease some of the pressure that set prices soaring. Nobody felt the brake more than U.S. automobile dealers. In a month, their stocks of cars on hand had risen from an average of eight per dealer to eleven, and many began knocking off some of their commissions in order to clear out 1950 stocks before the new models arrived. And where many carmakers had been privately talking higher prices for the new cars, Ford Motor Co., at least, decided against it. In bringing out its 1951 line last week, Ford announced: "In spite of the long period of continued cost increases, we are holding the price line."

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