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Show Gmzmmmnnp Q Farm organizations generally got behind big cotton growers and passed a special law increasing cotton acreage over the protests and warnings of the Department of Agriculture and the vote of a majority of cotton growers. Result ; a bumper 17-b ill ion-bale crop A and drop of about $60 per bale so far MiiM on the cotton market. Smaller growers -,., are hurt. Now farm organizations want lttCl government to come to the rescue and, FEATURE (1) have Department of Defense place orders NOW for future textile needs; (2) have government gov-ernment start buying NOW for cotton stockpile, although al-though we already have a big stockpile, and (3) use every facility to get cotton under government loan so farmers can hold off sale until government action drives price back up. ALL OF WHICH MEANS MORE TAX MONEY POURED INTO SUBSIDY FOR COTTON AND INCREASED TEXTILE PRICES FOR CONSUMERS. Although automobile men have denied it , there appears to be a definite 9 to 10 per cent increase in automobile prices in the -offing. OK of such a raise may come soon from the Office of Price Stabilization. Whether the auto companies will place the increase in effect immediately or wait until new models are ready is being discussed. 0 National Production Authority has set September Sep-tember 10 as date when producers of steel, copper, and aluminum no longer can accept priority orders for their products. Also, all manufacturers of consumer durable goods including passenger automobiles auto-mobiles will be under a controlled materials plan by October 1 which means total available supply of steel, copper, and aluminum will be distributed among all manufacturers defense, defense-supporting defense-supporting and civilian in form of direct allotments. allot-ments. This means some civilian durable goods are bound to be hurt , forcing them into short supply. Q Here is a warning. Federal reserve board plans stiff crack-down on installment credit violations. viola-tions. If there are any retailers who are evading cash down-payment provisions by allowing excessive trade-in values FRB will prosecute if they are turned in or caught by inspectors. Country's small business firms will be interested in-terested to learn that house appropriations committee commit-tee has turned down, at least temporarily, President's Presi-dent's request for $25,000,000 to finance new Small Defense Plants Administration as set up in new controls act. Act authorizes that sum to implement im-plement new agency. House committee apparently wants to see set up of newly created agency before putting up the dough. Retail trade in all lines indicates new fall spurt, particularly in soft goods... and even with expected shortages in some consumer durables good business from higher incomes is expected. Apparently Ap-parently ' there is no end to peak of the national income it continues higher and higher now past the $527,000,000,000 mark with every indication that it may reach President Truman's predicted $400.000,000,000 bjr 1955. Prepared by the Washington Burean ef WNU Features. |