Facts & Figures, Sep. 27, 1948

Retail Record. U.S. retail sales are running at an annual rate of $127 billion, almost 12% higher than 1947, the National Industrial Conference Board reported. If the rate is maintained, said N.I.C.B., 1948 sales will exceed 1929—the prewar peak—by more than 250%, while prices are only 40% higher than in 1929.

Subtraction. The cream was off the boom for Burroughs Adding Machine Co. It cut the price of its $184 adding-subtracting machine to $155, the $135 model to $125. Burroughs said it was giving consumers the benefits of its production savings. But there was another cogent reason: Burroughs had caught...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!