Tooele County Chronicle | 1947-11-21 | Page 8 | Curbs off, Prices May Go Up

installment BUYING curbs Cur bos off prices maj aa w U a fi government con controls trois on the fa bored american practice of install ment buying went off november I 1 and from now on the purchase of that radio or refrigerator is strictly a matter between you and the deal er unless congress decides to step in again at the special session one result of the removal of in buying curbs Is very like ly to be an increase in the already badly swollen prices of consumer goods under the law now out of effect a down payment of one third of the purchase price was red of anyone buying on the installment plan now however the rule book has been away and retail ers doubtlessly will reduce the amount of the mit anital al payment attracted by the lure of easy terms hard pressed householders now may see their way clear to buying needed items that they felt they could not afford before with the down payment and installment terms relaxed demand tor for goods Is sure to rise but it is certainly far from sure that the supply of such goods will increase accord angly thus if the old law of supply and demand follows its eria natural tural bent prices will rise too or the day of falling prices will be postponed installment credit economists say is a volatile factor in our econ 6 omy and can be a considerable force operating to help bring about a de when goods are available on easy credit terms consumers are tempt ed to buy to the limit they over pledge their incomes this accenti ates the boom and eventually a sat point is reached the ex credit has to be liquidated out of current income on the down swing and so the depression if one is already in the making is given a further furtha impetus