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Show EVIDENCE OF LETUP Income and Oiilput Hit Peak WASHINGTON. Allhonch both the n;itinnnl income nnrl thn n;ition:i turn-out of nervier iuk finished Hoods rose to record pr;iks during tho first three months of thr ye.ir, them is evidence the boom Is sl;cU-rnini:, sl;cU-rnini:, it is pointed out In n commerce com-merce department report. Since the Income nnd production a re me.i sured In terms of money, higher prices nnd higher wucr.i were in p;irt responsible for the showing. The "urosi nntionnl product," defined de-fined ns "lnt;il output of finnl tfonds nnd services in the economy nt market mar-ket prices," was ndvnncvd to nn niinunl rate of $2011.001), 000,000. , This, sa id the department, Approximated Ap-proximated the peak recorded in the second quarter of l!M,r when hucc quantities of war material were be-hitf be-hitf produced. Also, it lopped the fourth quarter of iM by ?'1,:UI). 000. 0(10, principally because of Increased consumer spend in j, hut nevertheless represented repre-sented "the smallest quarterly j;ain since the bottom of the reconversion decline was reached In the first quarter of 10I0." National income readied n record total in the first quarter of this year nt tho annual ralo of SlHO.aOO.OOO.OOO, nn Increase of $3,000,000,000 over the fourth quarter of 1916, the department depart-ment snid. Income payments to Individuals rose by $3. 5011, 000. 000 to nn annual rate of $177,000,000,000. Wages and salaries accounted for the largest part of the gain, $2,600,000,001) nt tn mutual rate. Itclief nnd social serurlly payments pay-ments and veterans' nllotnients nlso were up by $000, 0011.000, reversing their downtrend through 104(1. Dividends, Divi-dends, Interest nnd net rents of landlords land-lords were down $.M)0,000,0(.(). Net Income of business owiier-opcrntois was up $2110,000,000. |