Banking. Recession-wary businessmen, who are doing their best to trim inventories, have also cut back their borrowings. For the twelfth week in a row, business loans from banks declined, the Federal Reserve Board reported. The latest drop, $277 million, was the biggest weekly decline in history. But total outstanding loans of $14.6 billion were still $197 million higher than last year at this time.
Prices. Two more auto companies joined the price-cutting parade. Hudson Motor Car Co. shaved list prices by $15 to $100 (1% to 3.4%) in its first postwar reduction, and Britain's Austin Motor Co. Ltd. lopped...
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