Time Clock, Jul. 6, 1953

BIGGEST worry of Detroit automakers is not whether they will sell their huge new car output, 47% higher than last year; it is the used-car glut. Prices are dropping, and finance companies are refusing loans on all but the cleanest, late-model trade-ins. Dealers who refuse to take their losses in order to move used cars now will probably be stuck with full lots and larger losses later.

THE big, rich A.F.L. Meat Cutters and the C.I.O. Packinghouse Workers are getting ready to sign a "no raid" agreement calling for joint negotiations with the nation's meat packers. For the packers, long accustomed to...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!