RETAIL TRADE: On Borrowed Time

The Federal Reserve Board this week promised the public its first taste in over four years of the old American custom of installment buying. "Regulation W" (wartime consumer credit control) will be relaxed enough to remove all restrictions for the installment purchase of building and home repair materials. If the materials are to be had, the average man can once more build all the new houses or buy all the new bathrooms he can afford, "on time."

But the heady days of a few dollars down and a few cents a month for everything from garages to garbage cans are...

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