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 1929the prewar peakby 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...
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