davidaulloa/AmericanStories huggingface dataset:
Evening star., 1952-03-02
Industrial Production
Holding Up Only Due
To Military Buying
BY RiehoVd Fisks
ASE0ejotad PTesa Rusinass MTitag


NEW YORK, March PRO
duction figures made good read
ing this week but manufacturers
OF some items were planning
cutbacks for the weeks ahead.
A stretch-out In the defense
program, shortages and Just plain
slow buying were behind the plans
to slow down production.
1t was only by virtue Of military
purchases that industrial produc-
ton held to high figures. And
now such things as re-scheduling
OF contracts and postponement Of
delivery dates were eating into
defense work.
Plant Hours Cut.
The General Electric Co. said
Its Cincinnati Jet engine plant
would return to q five-day, 40
hour week for its three shifts on
March 3. It has been operating
on q six-day, 4Svhour week for
more than a year.
AS S4S Odu EGIVcr Mills az
Danville. Va. announced q cut
back to cope with a sluggish tex
tile goods market. Without CIV
ing details. Dan River said not all
departments would be affected.
Retail stores in most sections
continued attractive promotions to
entice buying but Dun and Brad
street reported shoppers reduced
their spending slightly.
Retail Sales Drop.
The business reporting service
added retail merchants generally
failed to equal the high sales fig.
ures Of a year ago when scare
buying still was crowdinR the
stores.
Shoppers were reported much
more selective in their buyinR
than o year ago and frequently
sought merchandise offered at SIG
able discounts.
Some economists believed the
low In general business activity
Tor the year was being recorded in
the first quarter; that consumers
goods industries would tend stead.
lily better as the year progressed.
Evening star., 1952-03-02

hoss SHsAe0 s5S so.s Mr. 81 c:ssRss:d TaDsSl ds%
d 1888 Ssss cf: ssS tos s0ss cSos: s''s S SussS
No. 2 butchers In many instances thar
for the rank and nle Of hogs. which SOLE
chos hsie SS S ssh ssd No. pass sse sSs!
butchers sold for shipment at 17:5O-17 75
with one lot at 115;;s5; 15;;s5; 5ao most ia No: /.
coseS css Ss'fnss5 ss is4o SiS choice OGNSna: No
ls,25-1s Is; several loads Cf choice 200;
7s: SsaEs' cf sfld .s ''tf les
$50 0-pound lightweights ranged from
15: :50.1 so. while odd lots, 14O pounds
and less Tanged SSTnWaFS to i13o snS
less closed at 1901 ]. 90; most 400 500.
pound weights. 14.00-16.26; weeks tor
s.sSs s es Dsa in sp1 ts.ssd Eas se G0nsss soss
plies slightly smaller than last week but
nearly third larger than the same week
yesrlinss. the ~ majority sradins high
commercial to high choice, with choice
medium EsiEhts and heavy steers offered
reliable market at fully STEADY to SO
trades . very errstie sssir. steers Grading
90 lover. most decline On kinds Sredins
low choice and below, with such cattle OF
I. .sx nsw Icy on the Srcp; ;., heifefs mostly
mercial and GOOD srades on q hit and
his6hsr i6 yealsrs .03 O. lever; stocksrs an and
% common 70 sood sssdes snd prin.
sst supply .Plimss fsS S itssrs SpS iona
seven ioads i:oSo-I .lo4 Pound SSslshts:
.55O pSunds: 5s s.o9:S7: :6oj prime 1924.
bound bound bseveS. s7.2S; mixed cfsOiee 1CDd sSSd
@ @sSS fvs f7Rad ISsd: s:iS g II ss'f;s SS
Na7lsiHs. saflns: . sRSlss HIT; i s
sS sySSf s, sSM ia SssSg s.,i O'lSss "A Rsho sS S
choice U 10y ptims htllsfS d. SS.s SSi
SSSS SS s45Ik 5 T,i n, ,sR ,sRS sss.ssI,l .'s. sSss,
cows, stia, odd le6d. mature. COWS, szRgs
SSgE @gty tsHaPS5s st,ap SssslSSiBAl. sbSS::
sHiIS "a SSias iSSSHlu upSsS u SsllHas ysslsfl,
I.;!.Iy Se!s !sSSSs'' S' ,.bI s. f.'ST$SEi!!i $Ei!!i
ssssssS!sssssNhd2 d2!sPl.fssSss Sb:.asSse.ASSSIfIs
Etsfsstia tfSS.F FYSSSS, .tESssiiiis iistsa esssAsA
sstS1 sas.s .IsIs ssIs 'sIE:s Ss'6oi
RGsi.,!; l:..;. i!'i!sIs $i;'I'S;E:s'|t,H$!
sRSsi afhs. % ,ss4Sas aEEksss
RSfSIsSsssea s$sIs I.isS
SssF't ss.b!si:lS VI lsS"'::'s'sS,sss ':Ss |SsFS.I;E
AtSE4lHS al ISdIsiiRE t9Ro!s sbh sSsSeis ySgl&Sss
as sS sSoa Nv s.is a sa.s:R sss'ys IA sasS sss.a
!SsSS sss ss :sss: SsEa sTsii Ssim. sas;s $me 3
sSh9HE, st: :b1ls. %:EnS sIsulSt.H SIsS ,. early s
:s.. .ss $50, sss' 'ytH.S' 'ssssy':' III SO tSt.
1870. mostly 1890 dcwn' ~ :"
Evening star., 1952-03-02
Bond Trading Sluggish
In Week as Investors
Await New Financing
sy the Assesiatsd Press

NEW YORK, March 1.-The
bond market was all but notion
less today In an extremely slow
session that witnessed few changes
either way Of more than "a Of q
point. There were nearly as many
issues trading at unchanged levels
as there were with any change
lat all. ....
Volume fell to the extraordinary
low Of $450,000 for the two-hour
session compared with 100000
last Saturday.
Bond trading. dragged along at
Ia snail's pace during the week. In
vestors seemed to be marking time
and waiting for next weeks
avalanche Of new financing to hit
the market.
The prevailing quiet was inter-
|rupted by occasional bursts Of ac-
|tivity in the rails division. Modest
gains were registered by the car
Iriers from day to day with plus
signs usually outnumbering minus
marks by a comfortable margin.
Utilities showed some softness.
Government bonds moved slug
IgiShly within a narrow groove.
There was furry of excitement
ION Thursday when the list dipped
sharply. supposedly because Of a
rumor that a big new Treasury Of
fering was on the way.
Trading in foreign bonds was at
Ia low ebb. Japanese liens posted
modest advances. On Friday the
Oriental Development Corp. 6s
traded at 73-17s from the enc
of the previous week. Japan 51as
and Tokyo Electric Light IS also
gained slightly.
Evening star., 1952-03-02
WANT TO GET
AHEAD IN 1852?
Se STARTS YOU
A Story About The
WALL STREET JOURNAL

Sitting in q dentist 8 waiting room, I
picked up copy Of The Wall Street
Journal. In just IL minutes reading
time I found two ideas could use in
my business and one idea that helped
me save money on my new house.
THAT very day I rushed . ehsck foR
IS to The Wall Street Journal. I have
been reading that amazing nswgpapsa
ever since. Itisthe best proft-produe.
ing, money-saving, help-you-Est.
ahead publication I ever saw!
''If you think The Wall Street
Journal is just for millionairos, you
are WRONG! The Journal il Q won-
derful aid to salaried men making
$4,000 to $4,000 q year. 1t is valu-
able to owners Of small businesses. II
can be Of priceless benefit to Ambi.
tious young men who want 10 earn
more money. Believe me, the IS !
spent for trial subscription to The
Wall Street Journal h the best 50
] ever spent"
This story 10 typical. Because thu
reports In The Wall Street Journal
come to you DAILY. you got the
fastest possible warning Of any nsw
trend that may affect your budness
and personal income. You get the
facts in time to protect your intsF.
ssts, OF to Seize quickly Q new profit
making opportunity.
The Wall Street journal q the
eomplete business DAILY. Has lare.
est staf Of writers on business and
finance. The only business paper
served by eli four big pres aasocis-
tions. It costs $50 q year, but you can
get Q Trial Subscription for 3 months
for $6-77 issues Cn US. and poesas.
sions). Just tear out this I'd and Of.
tach cheek for So and mail. Or tell 20
to bill you. Address: The Wall Stross
Journal, a Broad Street, New York
ANY. wss-
Evening star., 1952-03-02
COUNSELLOR
REGISTRAR

The Washington School For
Secretaries seeks the services of
O cultured, welf-educoted rep
Fesentotive to do direct contact
counselins with prospective
students.
Office, soIes, or educational ex-
perience preferred.
Position permanent; hos the
advantages Of flexible hours,
good poy, and the satisfaction
Of helping young people stort
worthwhile coreers.
Interviews by appointment only.
Write complete personal infor-
motion to 2l4 National Press
Building, or telephone District
2484.
Evening star., 1952-03-02
Commodity Prices

NEW. YORK Mar. M.-whoiesals
Pssss ina:x dssIsSsd this y vsss sss
'0i pupqs I S sss wee week I sAe index fell TO tn,
lowest level since August Of 1850, but II
subsequently turned a little .hieheF to
@ pSrsd With isSsA last week ana sp sI:.so so" :
In this index Of IS important whole.
sale COMMODITY. prices, the base year Of
All commodity groups declined this week
except non-fefrous metals. which held un.
changed, The industrials, food, livestock
lows
The index. with comparable figures for
last week and . year ago. follows:
Evening star., 1952-03-02
Business Briefs

Retail Sales for March are pre-
dicted at sl2,A billion, q drop Of 4
per cent from 0 year ago,-sales
Management,
Mutual Savings Banks deposits
over the Nation In January in
creased Sl26 million to $2I ,027,-
900, 900, the highest in history
Natl. Assn. OF Mutual Savings
Banks.
Average Market Prices of all
stocks listed on the New York
Stock Exchange at the end Of
January was $42.28 compared with
l$4l.86 at the end Of December and
$42.79 at the end Of August. 1916.
New York stock Exchange re-
ported sale Of q membership at
SAT 900, which is $1,000 below the
last sale and the lowest sum since
November IS, 1850.
Safeway Stores, Inc. sales In 4
weeks ended February % totaled
$l08.417.946. up l4.3% from 1851:
for 8 weeks ended February %
$215,2 ,26S,573, up 15% from 1851.
New England Tel. & Tel. in year
ended December 81 earned $l6,-
258,842 or $3.50 q share VS.. $18,-
956,37l or $12.10 in 1850.
Texas Utilities Co. in year ended
January 81 earned $13.554,354 or
l$2.78 a share vs.. $11.38S,1 1853 or
$2.37 in 1851.
Budd Co. in year ended Decem-
ber 81 earned $10,8 ,613 or $2.89
a share VS.. $1s.425, 800 or $50 in
1850.
Ex-Cell-O Corp. in year ended
November 30 earned SASS. 1856 or
$6.97 q share VS.. 1854, ,407 or
$5.55 in 1850.
Dawson Chemical Corp. in year
ended December 81 earned ST.
399. .403 or 1913 o share.
p. r. Mallory g. Co., Inc. in
year ended December 81 earned
81 ,923,314 or $3.9S O share vs..
$2.553.758 or $500 in 1850.
Globe Union, Inc. in year ended
December 81 earned $1.50S,l36 or
$2.25 q share vs.. $2,699,747 or
$4.22 In 1850.
City Auto StampinK Co. IN
year ended December 81 earned
81 ,234,554 or 43.2o O share Va.
41, ,636,1 1855 or 94.S0 In 1850.
Medusa Portland Cement Co.
In year ended December 81 earned
S1.460,197 or $3.50 o share vs.
S1 ,7Se,S53 or 97.06 in 1850.
Wayne Knitting Mills in year
ended December 81 earned o1, ,7e9,.
47S or $3.50 o share W. 0i,S00, 800
or ASS In 1850.
Pacific Tin Gems. Ia year ended
December 81 earned ti,50b,o00 or
Gill a share w. 1660,672 or 81
cents In 1850.
Devilbiss 60, In year ended De.
eefhbef Sl earned e1 ,02b,i77 or
Sr4S Q share vs, li,ieb,4so or
eSlee In 1850
Scranton Electric Go, In year
ended January 81 earned Ri,6i8,s
6le or eit99 O share Va, 0i,T0T, ,607
or elrsb In 1851,
Great N0FtheFR Railway In JAAs
uaFy had 0 loss OF ei,4ee,lel Va,
q less OF eS9e,4lG In 1851 peried,
6eFVel. Inc, In 3 menths ended
January 81 had q less Of seT0, ,aaa
Va, q loss OF Aa7s, ,9l9 In 1851 peFlea,
Peabody eeal Co, In 0 meAths
ended January 81 earned sl,o6a,-
l29 or 6b cents q share Va, S2,0a7,v
6S2 or s2,0t In 1851 period,
Baltimore Transit Co, In jan
uary had q loss OF S60s,elS Va, q
loss OF COL les in 1851 period.
Thompson -staFEet Co, in 0
months ended January 81 had O
loss Of $26s.S5A vs., . loss of S5s,-
582 IN 1851 period.
General PlywOod Corp. In 8
months ended January 81 had a
loss OF S48.85S w. Q loss OF $2s, ,S76
In 1851 period.
Evening star., 1952-03-02

No vhsss' ''ss csrS@nos -s iSt4::sii g. s::ssiiow. 40.
sSp. mi 'snnd: sFSd: viz: sSsnss: sj4 ssli.yoHs oHss
nemIn.I. rsid zee, .ssd D, ISSssrsS1slsSs'
iSRo; red SStsS. SS.S6.sO.So; sIsits. 500.
Evening star., 1952-03-02
BOND SUMMARY
lFWVnlshaA hV tha AasoeInfaA ~,

AWs.ielsnes y, ~ AsteelAtea YEsss,I
nj - 'I;;'';! :l,.:!:!: :!: 81: II: ;',,,!|| II
Net
Evening star., 1952-03-02
CURB SUMMARY

A.sIssisfalM h .ss. Asas:'s!cS I! HEsss AZ n.
Evening star., 1952-03-02

Rates Of dividends In the foregoing
ssf .s. sF' anass Osf %
extra dlyiSends are sre not not insiaded' 's'I-' "
=. xEx dividend " Ex rishts: cid called,
rants, wv With warrants. Nv Without
warrants. Also .extra Or extras. 3 Plus
stock diytdeIda 9 Cash or stock, PAID
cash value IN ex-diyidend date. gDe-
elared Or paid 50 far this year. b Declared
dtsF oa psS ssEik s sear %
lattye issue With dividends in arrears.
81 n Next day delivery Paid this year,
taken At T last DIVIDEND Ia mestinE.0 0 WEE Tps1
dend: vd When distributed. x-dis Ex-
aiss.rioSltion; es.1sSli p Liauicating sividend.
teymtned on declaration date.
Evening star., 1952-03-02

The following bid and asked prices are
Sources bSs are Saot,ieia Thes SSa DO S'nst not
actual S. |. X. They q:
range within which these securities could
have, been sold 1indicated 81 the 6idj OF
SSsht s%s BY the sseed as The
Origin Of any quotation furnished on
Evening star., 1952-03-02
5 STOCKS
DIVIDENDS
TAx-FREE!
A "Rare'' Oil

able stocks. one selling SS% below bfeSk-
MP values Als0 an oil selling far NeloW
estimated Western Nemisphers asssts yee
It .vr STnc @ aO's 81 MorIaTm II snSwn 20 on reserves
you With FORBES Magssins and ltS SDe-
cial financial and business studies NV Wsll
81 sbov ssna III. ID With 'S fsS .Ss
year era issuesl or only e6 for y00f0
(40 issues). Address Dept. MIS-.
Evening star., 1952-03-02
Washington Stock EXCHANGE

NepaFt oemPiAd Nv EShaAgs oMealal
yoR I'VE YEAR 1853 uP yRInAY
Evening star., 1952-03-02
Chicago Livestock

sPlus extra or extras.
Saturday sales: POtO
Evening star., 1952-03-02
Grain Market.
,ANAiNta. Oh RT9

soybeans-Reeeipts, 2,131 bushels; chip
4tlfeed-Reeoipts. 1913 t0nA.
Evening star., 1952-03-02
Mutuul Funds

sOeiitiOh 81 sscGtitiss bsaiefs. bsaiefaiflSnal iss! A.
Evening star., 1952-03-02
Over-the- Counter Market

!er Co: sommon-17S At 1Bas.
The Key West citizen., 1952-05-08
Miami Beach
Plays KWHS
Friday Night
DiLaIlo, Baker Will
Be Playing Their
Last Game For Key
West High School

Key West High will wind up their
baseball season tomorrow night
when they meet Miami Beach High
at the stadium,
The Beach team has been having
an in and out season against Dou-
BILE AA teams of their class. Beach
has been on the losing side of four
games by a single run and have
played good ball all season, only
10 be edged on a tiny hit
The ConchS win use George Las
tres on the mound who will be
cunning for his third victory
against one defeat, The Conchs will
be after their fourth victory against
a lone defeat which cost them the
sub-diStrict playoff spot
Top district spot went to South
Broward with an s won and ! lost
record and RedlandS viii II re-
cord The winner will meet Lake
Worth for the district title.
Playing their last game for Key
West viii be Art DiIallo and James
Baker. The remainder of the squad
will be performing for the next
two years as they are all Sopho-
moCeS.
The Key West citizen., 1952-05-08
City Manager
To Be Guest
At USO Meeting

City Manager Dave King will be
guest at the USO-YMCA club ope-
rating committee meeting Friday
at 4:30 pm. al the USO Club. Jack
son Square. il was announced to-
day.
Election of officers for the COM
ing year will follow 4 report of the
nominating committee of which
The Rev. Ralph Rogers is chair
man
Joe Pinder. chairman of the COM
mittee will introduce King to the
members of the committee present.
Present officers and members
are Joe Pinder, Fred Miller, vice
chairman, Mrs. Mary Lee Graham,
Treasurer, Mrs. Juanita Kovash,
secretary.
Members are Capt. c. c. Adell,
Capt. Harold Payson. Jr.; Clarence
Higgs, Judge Aquilino Lopez, Jr.,
Rogers, Glenn Price, Ralph Spald-
ing, Jack Saunders, Edwin Trevor,
and R. E. Evans. executive secre-
tary.
The Key West citizen., 1952-05-08
OFFICIAL RETURNS
Continued From Page One)
City Manager 4
"SWeats Out"
Sewerage Breaks

The City Sewerage Department
is working desperately in an at
tempt to make existing sewerage
lines hold out for another few
months.
Mr.. Dave King, City Manager,
said today that there was serious
cave-in of the line on Fleming ST.
between Francis and White Street.
We have had to take in equip
ment and begin operations to re-
place this section of line" says
Mr. King That is something
that we didn't want to do. Dig
ging up a line causes discolora-
tion of homes along the street. Such
disc0loration will be temporary
but still unpleasant. and. of course.
the odor Of a line being worked
upon is extremely bad"
The City Mana ger says that there
have been eight breaks in the
sewer line in the past few days.
The Key West citizen., 1952-05-08
Continued From Page One)

Continued From Page One)
Marathon precinct and with 13. and
Tavernier.
The young man. a native of King
sport, Tenn. plans to use his four
years on the school board to help
keep politics out of the school sys-
tenn and to bring the school board
closer to the people, he said this
morning.
He advocates cost of living sal
airy increases for teachers but op-
poses tax raises to bring them
about. He wants to see the school
system expanded to meet the pre-
sent demand and future needs. The
SIS a month school board salary
will not make Duncan rich in cash,
but the post is great incentive to
him, he said to serve the communi-
ty he has grown to call his own.
He like the ether candidates takes
office next January.
The Key West citizen., 1952-05-08
Agile Monkey
RiuaIs Famed
Ship,Ureck Kelly
National Studio Photo

Shipwreck Kelly and other
flagpole sitters of endur-
ance-in- high fame got a run
for their reputation of stay
ing aloft. A small monkey
has been tree-sitting and
rafter- sitting since Saturday
afternoon on the Seaplane
Base.
The lure of an apple got
Adam. and the same method.
but with no Eve, finally
caught the escaped monkey
at the Seaplane Base shortly
before l pm. today.
Ii. J. n. Adams said that
the monkey was trapped in
a box by placing apples and
other delicacies within reach
and springing a trapdoor.
Rivalry between VX-l and
HS-l men who attempted
TO get the monkey down
from the rafters reached a
high point when the escapee
got hold of a Coca Cola bot
tie and aimed ii at II.
Comdr. ]. r. Thompson of
VX-l. executive officer of
the Seaplane Base. Both di-
visions went to work with a
win. HS-l finally turned the
trick and the trap.
Al last report. the fugitive
from a monkeYchain was
eating contentedlY in his box
quarters gazed at by some of
his remote relatives.
He will be held at the Sea
plane Base until claimed by
his owner. If no one shows
up. he may become a hell
copter pilot tso they saYl.
The Key West citizen., 1952-05-08

They had heard about Key West
from AIMS brother George
Stinchfield who has been writing
them enthusiastic letters about
the Island City ever since he
opened his shop here in Novem-
ber 1850.
The Vermettes became sold
by correspondence on Key
West. The more they lived in
California. the more they
Yearned to see Florida's South
ernmost city.
Army life accustoms one to
mobility. The Vermettes and
their son John. who is l6 picked
up and left Palo Alto and one
month ago arrived in Key West.
They took one of the finest
apartments in the city, overlook
ing the sea, right across from
Julius Stones "Southmost."
Ann, though a New Englander,
adapted herself to Key Wet
right away. II was, she found,
all that brother George had dc
scribed. and more.
Son John entered Key West
High School to finish out the
term. Ann settled in her apart
ment redecorating it and helping
George wind up his seasons
business at the shop. Joe is pre-
paring TO launch his civilian ca
reer as accountant in the city.
AS one of their neighbors
am particularly happy to know
that they are here permanently.
Not only are they charming and
ikeable, but Joe's proven marks
manship skill with the scorpion
makes me unafraid of animal,
vegetable or mineral interloper.
I'll just call for Joe.
The Key West citizen., 1952-05-08
New Branch Is
Opening Here

Harry Feinstein nho for the past
three and one hall years has crn-
Quoted junk buying business in
Miami has opened . branch Office
AT 500 Virginia Street
FeiaSteln states that thIs Rl. be-
j permanent branch dcatae in
cid brass. copper. batteries scrap
iron etc.
The Key West citizen., 1952-05-08
DEATH

George NsTeisa


George r. Norcisa. IS, died
Monday evening at 6: 50 in L. S.
Naval Hospital from injuries re-
cciyed in an automobile accident
Sunday morning
Funeral services will be held
Sunday afternoon at 1 pm. from
the Chapel Of the Lopez Funeral
Home Burial will be in Family
Piot CITY Cemetery
Survivors wife Mrs Frances |
NorciS3. daughter. Mss Georgia
NorcIsa father. Emilio N0rcisa
ono brother. Emilio ( Sorclss
three SISTERS Mrs John " Wheel
er Dalcvlle Ala Mrs. Theron A.
Shuser Norfoid Va Mrs. James
Il inemo1 Chicago. III } nieces
ard 5 rcpheWs.
>orcisa was D veteran n World
Var II ard saS service in the
EsaAaa ard Slcilian theatre of wsr.
lie will he buried w.th fuu military
.ho10rs
He @as a rnemoe ~ the Amer
can Legion. Veterans Of Foreign
Wars ard Disabled American We
1erars arc II re tine a h.s death
vas Com ga ander N tbe u A. '.
past ~ @
Ese a4s a.sg ) Eraaey u Qr13ea
t4a4..es9 Dv L4 Lux Key West
Ledge ~ ; All @4s . past ~
1.a9go Il tt.s o-ga1lxa tlon.
P4la~arers @4ll oe selected from
g1e zaate " s4a41a tAoa&.
The Key West citizen., 1952-05-08
Trade Circles
Predict Boost
I'm Purchases
Government Ends
Controls Of
Car, Television
Buying
Bv, CHARLES =. BARRETT
By.cHARLEs r. BARRETT

WASHINGTON lP-For the first
time in 20 months, the government
has given you free rein to buy
that car, televiSion set, or furni-
ture on whatever terms you can
get.
The Federal Reserve Board
Wednesday suspended controls
over down payments and time-to-
pay-on grounds that an easing of
inflationary pressures made the
controls no longer necessary.
There was varied reaction today
as businessmen and officials tried
to size up the case, now that deal
e9S and finance companies may
impose their own terms:
Authorities on the Reserve Board
said actually they expect the eff
fects to be slight
Some trade circles, happy over
the suspension of controls, pre-
dicted boost in sales, which have
been tagging.
A few dealers were expected to
proclaim the $40 down and S1-a-
week type of sale, but in most
cases spokesmen for business said
the changes probably will be mod
crate.
| However, the Bank of America
the worlds largest bank-quickly
announced much more lenient
terms. A few hours after the con-
trolls were lifted, the bank an
nounced it will require no down
payment for such household ap-
pliances as refrigerators, ranges
and washers, and allow "A months
to pay.
Its new automobile financing
terms are on a sliding scale, de-
pending on the year in which the
car was produced On 1852 and
1851 new models, down payment
is 30 per cent, balance in 80
months; on 195O-49-48 used models,
so per cent down and "a months
for the balance; 1947-46, 80 per
cent down, Is months to pay; and
on prewar models, 40 per cent
down, balance in % months.
On televiSion and radio pur-
chases. the bank will require 10
per cent down and "a months to
pay.
Regulation "W" required a one
third down payment on automO-
bileS and IS per cent down on
furniture and appliances, with Is
months to pay.
The government still will regu-
Iate terms for real estate pur-
chaSeS-under Regulation *
and officials said there is little
likelihood of a suspension in this
field.
An official of the Radio and Tel
evision Manufacturers Association
said down payments probably will
be reduced, especially on more ex-
penSlve sets, but time to pay prob
ably will remain about the same.
The National Automobile Dealers
Association said finance companies
are expected to continue To re
quire about ONE third down on
most cars. but the payment period
may be extended from is months
to an average of "a months.
Many businessmen and govern
ment officials agreed that the ulti-
mate effects viii depend on CON
Sumer reaction and business com
petition. They said dealers are eX-
pected TO ease up on credit terms
as needed 70 boost sales but they
still vii want TO keep sound credit
accounts