State of Business: Prices: Soft

In its new mail-order catalogue, out last week, Chicago's Montgomery Ward & Co. cut prices on 2,000 items. Women's nylon stockings were down from $3.90 to $2.88 for half a dozen pairs, bedspreads from $14.97 to $8.90. aluminum storm-screen doors from $33.90 to $22.90, portable TV sets from $137.95 to $119.90, food freezers from $219.95 to $188. The dip-down in the Ward catalogue's prices is one of many indications that prices of goods are soft throughout the country.

The U.S. Labor Department's consumer price index shows that there have been recent reductions in the prices...

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