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Newspaper
Comanche Chief
Location
Comanche, Texas, United States of America
Date
May 09, 1947
Page
9
For sale battery radio in good condition priced at 7.50 without battery and 12.50 with battery. Also offered 40 or 50 thousand pounds of Plainsman maize at 3.10 per 100 bulk. B W Wilson Rt.1 Comariche north of Fairview School.
Government economists with President Truman's council of economic advisers predict prices will drop 10 to 25 percent within two to three months. The deflation turn should appear by July and August, signaling a new trend lasting into 1948.
Reports forecast a drop in food costs by about 20 percent and clothing by at least 15 percent, with shoes down 25 to 45 percent and building materials around 25 percent as a one year price, production and employment shakedown. The period aims to adjust consumer markets and manufacturing outputs amid shifting demand and inflation.
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