Bargain. Taxpayers got a realistic appraisal of the resale value of surplus war property — total cost: roughly $90 billion. The resale value, estimated by Alabama’s Representative Carter Monasco, Chairman of the House Expenditures Committee: $10 billion.
Windfall. Secretary of Agriculture Clinton Presba Anderson beamed when he heard that 1.5 million tons of sugar had been discovered in Javanese ports. He hopes that the U.S. will get some 700,00 tons of the find. This was good news to housewives, although rationing is still scheduled to last till spring, but may be bad news to Cuban sugar growers. They are expected to arrive in Washington next week to demand a higher price for their 1946 crop.
Bon Voyage. One of the most important U.S. shipping routes will be revived, after four years, when twelve intercoastal ship operators start coast-to-coast sailings next month. The War Shipping Administration allocated 55 Victory type ships to begin the service maintained by 144 ships in 1939.
Going Down? The cost-of-living index computed by the National Industrial Conference Board slipped 0.3 in August, the first recession from a 24-year high of 106.9 reached in June and July.
What Next? On the day Piper Cub airplanes went on display in Manhattan’s John Wanamaker department store, four were sold to private flyers. The prices: from $995 for a single-seater to $2,905 for a three-place model. Ten hours of flying instructions were thrown in.
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