CONSUMERS: Another Christmas

For the second time in as many months, the panic was on. Men & women crowded into the stores, bent on buying whatever they could while the buying was still relatively good. They bought liquor, they bought radios, they bought jewelry. On all these things (and many more) the drastic new taxes for defense went into effect this week.

There were several important differences between August's rush and September's. Last month's shopping spree was touched off by the Government's embargo on silk for women's stockings and panties (TIME, Aug. 18). It spread to a score of goods and gadgets which...

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