Is it time for businessmen to reduce prices? It certainly is, said Jay D. Runkle, chairman of the National Retail Dry Goods Association last week. At the National Marketing Conference in St. Louis, Runkle advised: prices should be reduced "item by item, bit by bit, whenever and wherever possible."
Would they be? He doubted it. Some textile manufacturers, said he, even plan higher prices for next fall while business is relatively slow at both wholesale and retail levels. "Manufacturers frankly admit in many cases that they are not going to reduce prices until they have to, and that they would...
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