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Show 1 VSMSoMwSTnnr 1 mmimmmmm i GmmSM) j O Farm income for first eight months of 1951 was at annual rate of 21,500,000,000, a fourth larger than same period in 1950. Total personal income for country in August reached rate of 5254,400,000,000 or about 2,000,000,000 above July total. O Sales and continued brisk business has decreased de-creased retail inventories throughout country by about $300,000,000 in August as compared com-pared to previous month with total re- tail inventories as of Sept. 1 valued pQJSSf at 17,500,000,000. Motor vehicles, ildL lumber and building materials stores STRst I and home furnishing stores led parade FEATURE of lower inventories, but non-durable goods stores also showed inventory decreases. Only filling stations, eating and drinking places showing increase of inventory book values. INTERNAL REVENUE MAY HELP OPS O OPS may have assistance from Internal Revenue Reve-nue department in attempting to enforce rulings on violations of ceiling prices, according to Mike Disalle, director of OPS. Disallowal for payments in violations of ceilings for taxes may play maj or role in discouraging violators, DiSalle said. Total of 1,849 alleged violations of law in 1,053 meat packing plants indicates open defiance of law. 0 OPS has ruled retail merchants may use automatic "in-line pricing" for several groups of consumer goods, including pianos, radios, housewares, house-wares, electrical appliances, luggage and sporting goods. As example: Retailer whose pricing chart includes small electrical appliances, such as electric toasters, adds portable radios to his line of merchandise. He may establish his ceiling price by referring to listing of comparable categories cate-gories in appendices of Ceiling Price Regulation 7 for mark-up. He need NOT use more complicated system under Section 39 applying to new sellers. O In new ruling affecting hundreds of small canning plants throughout rural areas, OPS will permit canners to choose either 1949 or 1950 as base period for individual items in determining number of cans he may have. For instance, he could use 1950 for peas and 1949 for canned beans if more advantageous. Also of interest to canners is fact production of machinery for industry faces sharp reduction for next year. Most of allotted scarce metals may be used for maintenanc.e and repair re-pair instead of new machinery. RFC STUDIES CREDIT PROBLEM Small manufacturers in small towns are still having trouble getting defense contracts and RFC has now taken hand to see if some method can be worked out to establish credit. Procurement officers, offi-cers, many of them, will not give small concerns contracts because they cannot demonstrate financial responsibility,' and banks will not make loans until un-til they see contracts as collateral. O Another boost in automobile prices is due before spring. Increased excise taxes on many items may become effective Nov. 1 on goods such as appliances, sporting goods, autos, liquor, beer, wine, cigarettes, gasoline, etc. Excise tax on electric bills may be repealed and telgraph tax will be lowered. Prepared by the Washington Bnrean of WNU Features. |