OCR Text |
Show 7tcs - 71 . That I'm certainly no economist, but I have been making a few inquiries and sifting down some of the accounts we read in the papers and hear on the radio, and I have come to the conclusion higher prices on most lines of merchandise will remain with us quite a while longer. I was able to get a very good cross section of the price structure struc-ture while in J. V, McLea, Inc. this past week, and maybe you folks will be interested in my observations. First of all, the whole country is in a vicious circle of loaning money and making donations to the foreign nations who are in want. This amount reaches the staggering sum of . a billion dollars dol-lars a month. Our manufacturers and producers of materials are busy selling our products to the foreign nations, who are paying for it with money we have loaned loan-ed them. In order to make this loan, our government has to impose im-pose taxes upon American industry indus-try and people. After all I suppose sup-pose it is right, since we are about the only people on this old globe who are able to do much helping of the needy, but it does place the burden upon each of us, Much of the manufactured materials ma-terials wc are selling these needy nations are also badly needed here at home. Such things as farm machinry, automobiles tools and other durables are sorely needed by our own people, but the manufacturer can demand a higher price from the foreign markets, and since his cost of manufacturing is so high he sells where he can make the greatest profit. Even though the money he is paid with has been loaned or Eiven the buver by the DeoDle of this country. . . In some wa.ys it doesn't make sense, and I imagine im-agine there are lots of people Who wouldn't agree with me, hut as I said before, this is only my observation. You know McLea's have a wide range of merchandise in their store; items such as furniture, furni-ture, floor coverings, hardware, tires, building materials, plumbing plumb-ing and electrical materials, machinery ma-chinery and farm tools; so in poking around there I have been able to pick up some inside information in-formation on a lot of these Ijnes. I'm going to tell you folks next week about some of the talks I have been in on with manufacturers' manu-facturers' agents, and what effect ef-fect the situation has on prices, as far as they know. Also if any pf you have any ideas you would like to pass along, send them to This'N-That. care of the Roosevelt Standard. Adv. |