Word: retailing
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Dates: during 1950-1959
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Despite all the scare buying by consumers, retail inventories are the highest ever. The Commerce Department reported last week that at year's end store stocks stood at a record $16.1 billion v. $13.1 billion in 1949. Since then, merchants have been buying faster than the public...
...last week many a well-stocked retailer got a jolt. Retail sales, which had recently soared as much as 40% over last year's, dropped back to 1950 levels. Retailers blamed the drop on the freezing weather and the price freeze, which had stopped most of the beat-the-price-rise buying. If sales stay down, some of the frantic inventory buying, which has pushed up wholesale prices, is bound to diminish. Retailers are not yet worried about being caught with their stocks up. But soon they might...
...DiSalle had little choice, now that he had slapped on retail price ceilings while livestock prices were uncontrolled. Last week he hinted to farm-bloc Congressmen that when & if he freezes livestock prices that are above parity, he will not roll back prices...
...Magazine of BUILDING. It is based on a brass-tacks, technical round table* held under the sponsorship of that magazine. The report has already received unanimous endorsement from the heads of every important U.S. building association, including architects, home builders, mortgage bankers, savings and loan leagues, producers and retail lumber dealers. Said the round table: "Without the pressure of some national emergency, the home-buying public might well have to go on year after year paying billions of dollars extra as the price of these wastes . . . [Now] we hope obvious reforms which might otherwise be delayed a half century...
...action was mainly a political move to show that, after cracking down on housing and retail credit, it was playing no favorites. Actually, there was comparatively little credit in the market. On Jan. 1, the amount of borrowing on stocks by New York Stock Exchange members was only $698 million, less than 1% of the total market value of listed stocks. Such credit was actually lower than in July, when the market itself was far lower. In short, the market's rise had been caused almost entirely by cash buying-notably by pension funds, investment trusts, etc. Last week...