OCR Text |
Show - - - INSTALLMENT BUYINGCurbs BUYINGCurbs BUYING BUYINGCurbs Curbs Off , Prices May Go Up uovemment Government controls on the fa favored favored tavored vored American practice of Install Installment installment installment ment buying buymg went off November 1 1and 1and 1and and from now on the purchase of ofthat ofthat ofthat that radio or refrigerator is strictly strictlya a matter between you and the deal dealer dealer dealer er unless congress decides to step stepin In aga n at the special session . . One result of o1 the removal of In Installment installment InstaUment stallment buy ng rig curbs Is very like ly likely to be an Increase In hi the already badly alreadybadly swollen prices of o1 consumer consumergoods consumergoods consumergoods consumergoodsUnder goods goodsUnder Under the law now out of effect elYect a down adown payment of one third ol 01 of the thepurchase thepurchase thepurchase purchase price prke was requiredof required of ofanyone ofanyone ofanyone anyone buying on the installment plan Now however the rule book bookhas bookhas bookhas has been thro vn vu away and retail retailers retailers retailers ers doubtlessly will well reduce the theamount theamount theamount amount of the In tial tlal paymentAttracted paymentAttracted payment paymentAttracted Attracted by the lure of easy easyterms easyterms easyterms terms hard pressed householders householdersnow now may see their way clear to tobUYing tobuying tobuying bUYing needed Items that they felt feltthey feltthey feltthey they could eould not afford before With Withthe Withthe Withthe the down payment paymcnt and mstallment installment mstallmentterms installmentterms installmentterms terms relaxed demand tor for goods goodsis goodsis goodsis is nlytar nlyfar myfar sure to rise but it is certa nly my far from sure that the supply of ofsuch ofsuch ofsuch such goods will increase mcrease accurd accord accurdIngly accordingly accordIngly accordInglyThus Ingly InglyThus Thus if the old law of supply and anddemand anddemand anddemand demand follows its natural bent prices will rise too or the day of offalling offalling offalling falling prices will be postponedInstaliment postponedInstallment postponed postponedInstallment Installment Instaliment credit economists economistssay say is a volatile voiatlle factor in our econ economy economy economy omy and can be a considerable conslderabie force forceoperat forceoperat forceoperat operat ng to help bring about a de depress depress depress press onWhen onWhen on onWhen When goods are available avallable on easy easycredit easycredit easycredit credit terms consumers are tempt tempted tempted tempted ed to buy to the limit Umit They over overpledge overpledge overpledge pledge their incomes mcomes This accentu accentuates accentuates accentuales ates the boom and eventually a sat saturation saturation saturation uration point pomt is reached The ef eiF efceSSlve eiFcessive eafcesslve ) ceSSlve cessive credit has to be Uqu liqu dated datedout datedout datedout out of current Income on the down downs downawing downswing s awing . Ing and to so the depression if lf one oneIs oneis oneIs Is already in tlie the making makmg Is ts given glveu 11 a 11further afurther further impi-tus impi tus Unpdus tmpttus - |